AWKAmerican Water Works

Utilities · Water Utilities · NYSE

With a history dating back to 1886, American Water is the largest and most geographically diverse, publicly-traded water and wastewater utility company in the United States, as measured by both operating revenues and population served. 10-K, Item 1

Employees: 7,000
Headquarters: Camden, NJ
Next results: around Feb 17, 2027

Compare with peers → Embed

RevenueFY2016–25 $5.1B+9.7% Highest in 10 years 10-K FY2025 · XBRL Net incomeFY2016–25 $1.1B+5.7% FY2024: $1.1B 10-K FY2025 · XBRL Free cash flowFY2016–25 −$1.1B FY2024: −$811.0M 10-K FY2025 · XBRL Operating marginFY2016–25 36.6%−0.1 pts 32.9% in FY2016 10-K FY2025 · XBRL

What changed

10-K filed Feb 18, 2026 against Feb 19, 2025

Area	What changed	Source
Risk factors	77 new paragraphs, nothing like them in the previous 10-K	10-K Item 1A
Accounting checks	10 other checks clear	10-K · XBRL
Insiders	No open-market buys in the last 90 days	Form 4
Filings	3 in the last 30 days	EDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

What's new, in their words

10-K filed Feb 18, 2026

Paragraphs in Risk Factors that were not in the 10-K filed 2025-02-19. Quoted as filed.

The following summary is intended to enhance the readability and accessibility of our risk factor disclosures. We encourage you to carefully review the full risk factors discussed below in their entirety for additional information. A number of the factors that could materially and adversely affect our business, financial condition or…
10-K, Item 1A

All 77 new paragraphs →

Accounting checks

latest 10-K

10 of 10 clear 0 worth a look. Checks, not verdicts.

✓
Receivables -5.0% vs revenue +9.7% (-14.8 pts)
✓
Cash from operations $2.1B vs net income $1.1B (FY ending 2025-12-31)
✓
Same auditor in both 10-Ks: PricewaterhouseCoopers LLP
✓
No statement of substantial doubt about going concern
✓
No 8-K item 4.02 in the last 2 years
✓
No NT 10-K or NT 10-Q in the last 2 years
✓
The same matters as last year: Accounting for the Effects of Rate Regulation
✓
No sentence in the 10-K concludes that controls were not effective because of a material weakness
✓
No 8-K item 2.06 in the last 2 years
✓
No 8-K item 1.03 in the last 2 years

How each check works, with sources →

In the last 30 days

All filings →

Nov 5, 20268-K Other events 8-K item 8.01
Oct 28, 20268-K Quarterly results 8-K item 2.02
Oct 28, 202610-Q Quarterly report (10-Q) period ended Sep 30, 2026

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