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Essential Utilities Valuation Multiples
Discover revenue and EBITDA valuation multiples for Essential Utilities and similar public comparables like GAIL (India), Zheneng Electric, Enlight Renewable Energy, Equatorial Energia and more.
Essential Utilities Overview
About Essential Utilities
Essential Utilities is a Pennsylvania-based holding company for US water, wastewater, and natural gas distribution utilities. The company's water business serves 3 million people in eight states. Its largest service territory is in Pennsylvania, primarily suburban Philadelphia. Its Peoples subsidiary serves more than 740,000 gas distribution customers in Pennsylvania and Kentucky. It completed the sale of its West Virginia gas utility and the bulk of its nonregulated assets in 2024. Essential shareholders would own a 31% stake in American Water Works if the proposed all-stock merger closes in 2027.
Founded
1968
HQ
Employees
3.3K
Website
Sectors
Financials (LTM)
EV
$19B
Essential Utilities Financials
Essential Utilities reported last 12-month revenue of $2B and EBITDA of $1B.
In the same LTM period, Essential Utilities generated $1B in EBITDA and $626M in net income.
Revenue (LTM)
Essential Utilities P&L
In the most recent fiscal year, Essential Utilities reported revenue of $2B and EBITDA of $1B.
Essential Utilities expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $2B | XXX | $2B | XXX | XXX | XXX |
| Gross Profit | — | XXX | $1B | XXX | XXX | XXX |
| Gross Margin | — | XXX | 58% | XXX | XXX | XXX |
| EBITDA | $1B | XXX | $1B | XXX | XXX | XXX |
| EBITDA Margin | 55% | XXX | 55% | XXX | XXX | XXX |
| EBIT Margin | 38% | XXX | 37% | XXX | XXX | XXX |
| Net Profit | $626M | XXX | $616M | XXX | XXX | XXX |
| Net Margin | 25% | XXX | 25% | XXX | XXX | XXX |
| Net Debt | — | — | $8B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Essential Utilities Stock Performance
Essential Utilities has current market cap of $11B, and enterprise value of $19B.
Market Cap Evolution
Essential Utilities' stock price is $39.00.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $19B | $11B | 0.0% | XXX | XXX | XXX | $2.18 |
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Start Free TrialEssential Utilities Valuation Multiples
Essential Utilities trades at 7.8x EV/Revenue multiple, and 14.2x EV/EBITDA.
EV / Revenue (LTM)
Essential Utilities Financial Valuation Multiples
As of April 20, 2026, Essential Utilities has market cap of $11B and EV of $19B.
Equity research analysts estimate Essential Utilities' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Essential Utilities has a P/E ratio of 17.6x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $11B | XXX | $11B | XXX | XXX | XXX |
| EV (current) | $19B | XXX | $19B | XXX | XXX | XXX |
| EV/Revenue | 7.8x | XXX | 7.8x | XXX | XXX | XXX |
| EV/EBITDA | 14.2x | XXX | 14.1x | XXX | XXX | XXX |
| EV/EBIT | 20.6x | XXX | 21.0x | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 13.5x | XXX | XXX | XXX |
| P/E | 17.6x | XXX | 17.9x | XXX | XXX | XXX |
| EV/FCF | (20.9x) | XXX | (46.0x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Essential Utilities 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.
Essential Utilities Margins & Growth Rates
Essential Utilities' revenue in the last 12 month grew by 1%.
Essential Utilities' revenue per employee in the last FY averaged $0.8M, while opex per employee averaged $0.2M for the same period.
Essential Utilities' rule of 40 is 56% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Essential Utilities' rule of X is 55% (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).
Essential Utilities Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 1% | XXX | (1%) | XXX | XXX | XXX |
| EBITDA Margin | 55% | XXX | 55% | XXX | XXX | XXX |
| EBITDA Growth | 7% | XXX | 3% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 56% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 55% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.8M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 21% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Essential Utilities Public Comps
See public comps and valuation multiples for other Utilities and Energy Services comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Essential Utilities | XXX | XXX | XXX | XXX | XXX | XXX |
| GAIL (India) | XXX | XXX | XXX | XXX | XXX | XXX |
| Zheneng Electric | XXX | XXX | XXX | XXX | XXX | XXX |
| Enlight Renewable Energy | XXX | XXX | XXX | XXX | XXX | XXX |
| Equatorial Energia | XXX | XXX | XXX | XXX | XXX | XXX |
| GE Vernova T&D India | 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.
Essential Utilities M&A Activity
Essential Utilities acquired XXX companies to date.
Last acquisition by Essential Utilities was on XXXXXXXX, XXXXX. Essential Utilities acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Essential Utilities
| 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 TrialEssential Utilities Investment Activity
Essential Utilities invested in XXX companies to date.
Essential Utilities made its latest investment on XXXXXXXX, XXXXX. Essential Utilities invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Essential Utilities
| 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 Essential Utilities
| When was Essential Utilities founded? | Essential Utilities was founded in 1968. |
| Where is Essential Utilities headquartered? | Essential Utilities is headquartered in United States. |
| How many employees does Essential Utilities have? | As of today, Essential Utilities has over 3K employees. |
| Who is the CEO of Essential Utilities? | Essential Utilities' CEO is Christopher H. Franklin. |
| Is Essential Utilities publicly listed? | Yes, Essential Utilities is a public company listed on NYSE. |
| What is the stock symbol of Essential Utilities? | Essential Utilities trades under WTRG ticker. |
| When did Essential Utilities go public? | Essential Utilities went public in 1980. |
| Who are competitors of Essential Utilities? | Essential Utilities main competitors are GAIL (India), Zheneng Electric, Enlight Renewable Energy, Equatorial Energia. |
| What is the current market cap of Essential Utilities? | Essential Utilities' current market cap is $11B. |
| What is the current revenue of Essential Utilities? | Essential Utilities' last 12 months revenue is $2B. |
| What is the current revenue growth of Essential Utilities? | Essential Utilities revenue growth (NTM/LTM) is 1%. |
| What is the current EV/Revenue multiple of Essential Utilities? | Current revenue multiple of Essential Utilities is 7.8x. |
| Is Essential Utilities profitable? | Yes, Essential Utilities is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Essential Utilities? | Essential Utilities' last 12 months EBITDA is $1B. |
| What is Essential Utilities' EBITDA margin? | Essential Utilities' last 12 months EBITDA margin is 55%. |
| What is the current EV/EBITDA multiple of Essential Utilities? | Current EBITDA multiple of Essential Utilities is 14.2x. |
| What is the current FCF of Essential Utilities? | Essential Utilities' last 12 months FCF is ($923M). |
| What is Essential Utilities' FCF margin? | Essential Utilities' last 12 months FCF margin is (37%). |
| What is the current EV/FCF multiple of Essential Utilities? | Current FCF multiple of Essential Utilities is (20.9x). |
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