American Water Works
AWK · Water Utilities
$142.75
0.3%H2O America
HTO · Water Utilities
$58.90
0.4%The short version
- American Water Works is the larger business, with $5.1B of revenue in fiscal 2025 against $801M for H2O America, about 6.4 times as much.
- American Water Works grew revenue faster (9.7%, against 7.0%).
- American Water Works kept more of each dollar of sales as operating profit (36.6% operating margin, against 22.2% operating margin).
- American Water Works earned a higher return on the capital invested in it (5.8%, against 4.9%).
- Investors pay more for each dollar of American Water Works’s earnings: a P/E of 24.7x against 20.2x for H2O America.
| Latest fiscal year | AWK · FY25 | HTO · FY25 |
|---|---|---|
| Size | ||
| Market cap | $28.0B | $2.3B |
| Revenue | $5.1B | $801M |
| Free cash flow | −$1.1B | — |
| Net income | $1.1B | $103M |
| Growth | ||
| Revenue growth | 9.7% | 7.0% |
| 5-year growth | 6.4% | 7.2% |
| Share count change | 0.0% | 7.1% |
| Profitability | ||
| Gross margin | — | — |
| Operating margin | 36.6% | 22.2% |
| Net margin | 21.6% | 12.8% |
| FCF margin | −20.8% | — |
| Return on capital | 5.8% | 4.9% |
| Return on equity | 10.5% | 7.1% |
| Balance sheet | ||
| Net debt | $15.7B | $1.9B |
| Net debt / EBITDA | 5.7x | 6.3x |
| Dividends and buybacks | $633M | $58.6M |
| Valuation & quality | ||
| P/E | 24.7x | 20.2x |
| Piotroski F-score | 6 | 4 |
FY16
AWK $3.3B
HTO $340M
FY17
AWK $3.4B
HTO $389M
FY18
AWK $3.4B
HTO $398M
FY19
AWK $3.6B
HTO $421M
FY20
AWK $3.8B
HTO $565M
FY21
AWK $3.9B
HTO $574M
FY22
AWK $3.8B
HTO $621M
FY23
AWK $4.2B
HTO $670M
FY24
AWK $4.7B
HTO $748M
FY25
AWK $5.1B
HTO $801M
AWK
HTO
FY16
AWK 32.9%
HTO 28.7%
FY17
AWK 37.3%
HTO 26.2%
FY18
AWK 32.0%
HTO 18.5%
FY19
AWK 33.6%
HTO 13.7%
FY20
AWK 33.0%
HTO 20.8%
FY21
AWK 30.4%
HTO 19.4%
FY22
AWK 33.6%
HTO 21.1%
FY23
AWK 35.5%
HTO 22.3%
FY24
AWK 36.7%
HTO 22.8%
FY25
AWK 36.6%
HTO 22.2%
AWK
HTO
FY16
AWK −$22.0M
HTO —
FY17
AWK $15.0M
HTO —
FY18
AWK −$200M
HTO —
FY19
AWK −$271M
HTO —
FY20
AWK −$396M
HTO —
FY21
AWK −$323M
HTO —
FY22
AWK −$1.2B
HTO —
FY23
AWK −$701M
HTO —
FY24
AWK −$811M
HTO —
FY25
AWK −$1.1B
HTO —
AWK
HTO
FY16
AWK 5.5%
HTO 7.4%
FY17
AWK 4.9%
HTO 7.4%
FY18
AWK 5.8%
HTO 6.5%
FY19
AWK 6.1%
HTO 2.8%
FY20
AWK 5.9%
HTO 4.7%
FY21
AWK 5.3%
HTO 4.1%
FY22
AWK 5.4%
HTO 4.6%
FY23
AWK 5.7%
HTO 5.2%
FY24
AWK 5.8%
HTO 5.3%
FY25
AWK 5.8%
HTO 4.9%
AWK
HTO
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Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.