American Water Works AWK
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
AWK among Utilities peers
Six ratios from the latest 10-K. Each corner is the share of 30 peers the company is above, not a score.
What changed
77 new risk paragraphs. 10-K filed Feb 18, 2026 against Feb 19, 2025.
Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.
Accounting checks
10 checks on the latest 10-K. Checks, not verdicts.
0facts worth reading about all 10 checks found nothing to note
-
Receivables -5.0% vs revenue +9.7% (-14.8 pts)
-
Cash from operations $2.1B vs net income $1.1B (FY ending Dec 31, 2025)
-
Same auditor in both 10-Ks: PricewaterhouseCoopers LLP
7 more checks with nothing to note
-
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
In their words
77 paragraphs in Risk Factors that were not in the 10-K filed Feb 19, 2025. Quoted as filed.
-
Item 1A · new paragraph · not in the 10-K filed Feb 19, 2025 10-K, ITEM 1A
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…
-
Item 1A · new paragraph · not in the 10-K filed Feb 19, 2025 10-K, ITEM 1A
Some states in which we operate allow the respective public utility commissions to use fair market value to set ratemaking rate base instead of the traditional depreciated original cost of water or wastewater assets for certain qualifying acquisitions. Depending on the state, there are varying rules and circumstances in which fair value…
-
Item 1A · new paragraph · not in the 10-K filed Feb 19, 2025 10-K, ITEM 1A
In addition, we maintain a substantial portion of our liability and property insurance coverage through a small number of mutual insurance companies that specialize in providing coverage to the utility industry. These mutual insurers provide us with competitive terms, conditions, and self-insured retentions that may not be available in…
-
Item 1A · new paragraph · not in the 10-K filed Feb 19, 2025 10-K, ITEM 1A
Settlement provisions contained in our forward sale agreements subject us to risks if certain events occur, which could have an effect on our results of operations and liquidity, and could cause the price of our common stock to decline. In August 2025, we entered into forward sale agreements with each of Wells Fargo National Bank,…
New risk paragraphs, against peers
Latest 10-K of each, Utilities companies closest in revenue
Paragraphs in Risk Factors with nothing like them in the company's 10-K the year before. A count of text, not of risk.
Financial performance
Last 4 fiscal years · 10-K XBRL
| Metric | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|
| Revenue | $3.8B | $4.2B | $4.7B | $5.1B |
| Net income | $820.0M | $944.0M | $1.1B | $1.1B |
| Operating cash flow | $1.1B | $1.9B | $2.0B | $2.1B |
| Free cash flow | −$1.2B | −$701.0M | −$811.0M | −$1.1B |
Revenue, FY2016 to FY2025
Ten fiscal years, each from its own 10-K · XBRL · USD
$5.1B ▲ 9.7% in FY2025$1.1B ▲ 5.7% in FY2025−$1.1B in FY2025
Recent filings
3 filings in the last 30 days · SEC EDGAR
-
8-KNov 5, 2026Other events 8-K item 8.01
-
8-KOct 28, 2026Quarterly results 8-K item 2.02
-
10-QOct 28, 2026Quarterly report (10-Q) period ended Sep 30, 2026
About the company
American Water Works, Camden, NJ · from the 10-K filed Feb 18, 2026
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. A holding company originally incorporated in Delaware in 1936, the Company employs approximately 7,000 professionals who provide drinking water, wastewater and other related services to approximately 14 million people in 24 states.
- Headquarters
- Camden, NJ
- Country
- United States
- Listed on
- NYSE
- Fiscal year ends
- December 31
- Last results
- Oct 28, 2026
- Incorporated in
- DE
Employees, at the top of the page: "As of December 31, 2025, the Company had approximately 7,000 employees" (10-K). Address and exchange: SEC's company file.
Email alerts
Sources
The 10-K filed Feb 18, 2026 (open at SEC), compared with the 10-K filed Feb 19, 2025. Numbers from the XBRL of the 10-Ks; filings from SEC EDGAR.
Work with it: Excel workbook · CSV. Google Sheet that stays up to date: paste =IMPORTDATA("https://tickdelta.com/company/AWK/export.csv") into a cell.