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American Water Works Valuation Multiples
Discover revenue and EBITDA valuation multiples for American Water Works and similar public comparables like Verbund, Snam, Hydro One, China National Nuclear and more.
American Water Works Overview
About American Water Works
American Water Works is the largest investor-owned US water and wastewater utility, serving nearly 4 million customers in 14 states. It provides water and wastewater services to residential, commercial, and industrial customers and operates predominantly in regulated markets. The company's nonregulated business is water services for military bases, which operates under long-term contracts with regulated-like returns. The proposed Essential Utilities acquisition would add regulated water and wastewater utilities in Ohio, North Carolina, and Texas while increasing its presence in Illinois, Indiana, Pennsylvania, New Jersey, and Virginia.
Founded
1936
HQ

Employees
7.0K
Website
Sectors
Financials (LTM)
EV
$42B
American Water Works Financials
American Water Works reported last 12-month revenue of $5B and EBITDA of $3B.
In the same LTM period, American Water Works generated $5B in gross profit, $3B in EBITDA, and $1B in net income.
Revenue (LTM)
American Water Works P&L
In the most recent fiscal year, American Water Works reported revenue of $5B and EBITDA of $3B.
American Water Works expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $5B | XXX | $5B | XXX | XXX | XXX |
| Gross Profit | $5B | XXX | $3B | XXX | XXX | XXX |
| Gross Margin | 91% | XXX | 61% | XXX | XXX | XXX |
| EBITDA | $3B | XXX | $3B | XXX | XXX | XXX |
| EBITDA Margin | 55% | XXX | 57% | XXX | XXX | XXX |
| EBIT Margin | 38% | XXX | 38% | XXX | XXX | XXX |
| Net Profit | $1B | XXX | $1B | XXX | XXX | XXX |
| Net Margin | 22% | XXX | 22% | XXX | XXX | XXX |
| Net Debt | — | — | $16B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
American Water Works Stock Performance
American Water Works has current market cap of $26B, and enterprise value of $42B.
Market Cap Evolution
American Water Works' stock price is $135.44.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $42B | $26B | 0.0% | XXX | XXX | XXX | $5.69 |
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Start Free TrialAmerican Water Works Valuation Multiples
American Water Works trades at 8.1x EV/Revenue multiple, and 14.7x EV/EBITDA.
EV / Revenue (LTM)
American Water Works Financial Valuation Multiples
As of March 7, 2026, American Water Works has market cap of $26B and EV of $42B.
Equity research analysts estimate American Water Works' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
American Water Works has a P/E ratio of 23.4x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $26B | XXX | $26B | XXX | XXX | XXX |
| EV (current) | $42B | XXX | $42B | XXX | XXX | XXX |
| EV/Revenue | 8.1x | XXX | 8.2x | XXX | XXX | XXX |
| EV/EBITDA | 14.7x | XXX | 14.4x | XXX | XXX | XXX |
| EV/EBIT | 21.4x | XXX | 21.9x | XXX | XXX | XXX |
| EV/Gross Profit | 9.0x | XXX | 13.5x | XXX | XXX | XXX |
| P/E | 23.4x | XXX | 23.8x | XXX | XXX | XXX |
| EV/FCF | (34.1x) | XXX | (34.2x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified American Water Works Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


American Water Works Margins & Growth Rates
American Water Works' revenue in the last 12 month grew by 6%.
American Water Works' revenue per employee in the last FY averaged $0.7M.
American Water Works' rule of 40 is 61% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
American Water Works' rule of X is 69% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
American Water Works Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 6% | XXX | 5% | XXX | XXX | XXX |
| EBITDA Margin | 55% | XXX | 57% | XXX | XXX | XXX |
| EBITDA Growth | 12% | XXX | 8% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 61% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 69% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.7M | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 24% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
American Water Works Public Comps
See public comps and valuation multiples for other Utilities comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Verbund | XXX | XXX | XXX | XXX | XXX | XXX |
| Snam | XXX | XXX | XXX | XXX | XXX | XXX |
| Hydro One | XXX | XXX | XXX | XXX | XXX | XXX |
| China National Nuclear | XXX | XXX | XXX | XXX | XXX | XXX |
| KEPCO | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
American Water Works M&A Activity
American Water Works acquired XXX companies to date.
Last acquisition by American Water Works was on XXXXXXXX, XXXXX. American Water Works acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by American Water Works
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAmerican Water Works Investment Activity
American Water Works invested in XXX companies to date.
American Water Works made its latest investment on XXXXXXXX, XXXXX. American Water Works invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by American Water Works
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout American Water Works
| When was American Water Works founded? | American Water Works was founded in 1936. |
| Where is American Water Works headquartered? | American Water Works is headquartered in United States. |
| How many employees does American Water Works have? | As of today, American Water Works has over 7K employees. |
| Who is the CEO of American Water Works? | American Water Works' CEO is John C. Griffith. |
| Is American Water Works publicly listed? | Yes, American Water Works is a public company listed on NYSE. |
| What is the stock symbol of American Water Works? | American Water Works trades under AWK ticker. |
| When did American Water Works go public? | American Water Works went public in 1947. |
| Who are competitors of American Water Works? | American Water Works main competitors are Verbund, Snam, Hydro One, China National Nuclear. |
| What is the current market cap of American Water Works? | American Water Works' current market cap is $26B. |
| What is the current revenue of American Water Works? | American Water Works' last 12 months revenue is $5B. |
| What is the current revenue growth of American Water Works? | American Water Works revenue growth (NTM/LTM) is 6%. |
| What is the current EV/Revenue multiple of American Water Works? | Current revenue multiple of American Water Works is 8.1x. |
| Is American Water Works profitable? | Yes, American Water Works is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of American Water Works? | American Water Works' last 12 months EBITDA is $3B. |
| What is American Water Works' EBITDA margin? | American Water Works' last 12 months EBITDA margin is 55%. |
| What is the current EV/EBITDA multiple of American Water Works? | Current EBITDA multiple of American Water Works is 14.7x. |
| What is the current FCF of American Water Works? | American Water Works' last 12 months FCF is ($1B). |
| What is American Water Works' FCF margin? | American Water Works' last 12 months FCF margin is (24%). |
| What is the current EV/FCF multiple of American Water Works? | Current FCF multiple of American Water Works is (34.1x). |
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