Filing Flows › American Water Works Company (AWK) › Q4 2025
American Water Works Company (AWK) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 18, 2026
American Water Works Company (AWK) reported revenue of $1.3B for the fourth quarter 2025 (Q4 2025), +6% from a year earlier and -13% from the quarter before. Operating margin was 31.9%, net earnings $238M (18.7% of revenue).
American Water Works Company, Q4 2025: revenue $1.3B (+6% year over year), operating margin 31.9%, net earnings $238M, operating cash flow $663M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.3B | -13% | +6% |
| Operating profit | $405M | -34% | +1% |
| Net earnings | $238M | -37% | -0.4% |
| Operating cash flow | $663M | -13% | +4% |
What changed
Revenue was $1.3B in Q4 2025, up 6% year over year and down 13% from the previous quarter.
Operating profit was $0.41B, a 31.9% margin (down 1.4 points year over year). Of the extra revenue versus a year earlier, 7% reached operating profit, below the 33% margin then. Total costs grew 8% against revenue growth of 6%. Net earnings were $0.24B, roughly flat year over year. The effective tax rate was 15.6%.
Operating cash flow was $0.66B (up 4% year over year), 279% of net earnings. Non-cash charges added back $0.23B of depreciation and amortization. Working capital and other items added $0.19B. Capital expenditures of $1.0B exceeded it, leaving free cash flow of −$0.39B.
Questions
What was American Water Works Company's revenue in the fourth quarter 2025?
American Water Works Company (AWK) reported revenue of $1.3B for the fourth quarter 2025 (Q4 2025), +6% from a year earlier and -13% from the quarter before.
Was American Water Works Company profitable in the fourth quarter 2025?
Operating profit was $405M (31.9% of revenue) and net earnings $238M.