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AMERICAN WATER WORKS COMPANY, INC. FY 2025 10-K, explained in plain English

AWK · 10-K for the period ending December 31, 2025, filed February 18, 2026 · Read the original on SEC.gov →

Key financials — as reported

Total revenue$5.1B
Gross margin— not reported
Operating income$1.9B
Net income$1.1B
Diluted EPS$5.69
Cash & equivalents$98.0M
Total assets$35.4B
Long-term debt$12.8B

Key takeaway

AWK invested $3.2 billion in net company-funded capital improvements in 2025 to upgrade aging water and wastewater infrastructure.

🔒 4 more takeaways in the full analysis

Beneath the surface

Cash of only $98 million against total debt of roughly $14.3 billion (DebtInstrumentCarryingAmount) leaves the company with substantial net debt and minimal liquidity cushion, relying on external financing for operations and growth.

🔒 3 more insights a headline reader would miss

This is the free preview. The full analysis explains every line item above and includes 7 more findings — plus insider trades, activist stakes, and 8-K events for AWK.

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