American Water Works (AWK) - Net Assets
Based on the latest financial reports, American Water Works (AWK) has net assets worth $11.66 Billion USD as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($36.45 Billion) and total liabilities ($24.79 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check AWK PP&E to net assets ratio to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $11.66 Billion |
| % of Total Assets | 32.0% |
| Annual Growth Rate | 8.85% |
| 5-Year Change | 48.49% |
| 10-Year Change | 107.68% |
| Growth Volatility | 18.86 |
American Water Works - Net Assets Trend (1985–2025)
This chart illustrates how American Water Works's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see American Water Works market capitalisation.
Annual Net Assets for American Water Works (1985–2025)
The table below shows the annual net assets of American Water Works from 1985 to 2025. Also explore American Water Works net asset momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $10.84 Billion | +4.89% |
| 2024-12-31 | $10.33 Billion | +5.46% |
| 2023-12-31 | $9.80 Billion | +27.35% |
| 2022-12-31 | $7.69 Billion | +5.41% |
| 2021-12-31 | $7.30 Billion | +13.08% |
| 2020-12-31 | $6.45 Billion | +5.44% |
| 2019-12-31 | $6.12 Billion | +4.38% |
| 2018-12-31 | $5.86 Billion | +8.90% |
| 2017-12-31 | $5.38 Billion | +3.20% |
| 2016-12-31 | $5.22 Billion | +3.35% |
| 2015-12-31 | $5.05 Billion | +2.71% |
| 2014-12-31 | $4.92 Billion | +3.97% |
| 2013-12-31 | $4.73 Billion | +6.36% |
| 2012-12-31 | $4.44 Billion | +4.83% |
| 2011-12-31 | $4.24 Billion | +2.62% |
| 2010-12-31 | $4.13 Billion | +3.17% |
| 2009-12-31 | $4.01 Billion | -3.03% |
| 2008-12-31 | $4.13 Billion | -9.63% |
| 2007-12-31 | $4.57 Billion | -18.32% |
| 2006-12-31 | $5.60 Billion | +99.21% |
| 2005-12-31 | $2.81 Billion | +55.43% |
| 2001-12-31 | $1.81 Billion | +4.94% |
| 2000-12-31 | $1.72 Billion | -0.36% |
| 1999-12-31 | $1.73 Billion | +29.36% |
| 1998-12-31 | $1.34 Billion | +7.76% |
| 1997-12-31 | $1.24 Billion | +7.19% |
| 1996-12-31 | $1.16 Billion | +25.86% |
| 1995-12-31 | $919.20 Million | +10.07% |
| 1994-12-31 | $835.10 Million | +15.95% |
| 1993-12-31 | $720.20 Million | +0.15% |
| 1992-12-31 | $719.10 Million | +6.47% |
| 1991-12-31 | $675.40 Million | +18.53% |
| 1990-12-31 | $569.80 Million | +5.93% |
| 1989-12-31 | $537.90 Million | +16.33% |
| 1988-12-31 | $462.40 Million | +8.32% |
| 1987-12-31 | $426.90 Million | +9.66% |
| 1986-12-31 | $389.30 Million | +6.80% |
| 1985-12-31 | $364.50 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to American Water Works's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 739.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $2.58 Billion | 23.76% |
| Common Stock | $2.00 Million | 0.02% |
| Other Comprehensive Income | $6.00 Million | 0.06% |
| Other Components | $8.25 Billion | 76.16% |
| Total Equity | $10.84 Billion | 100.00% |
American Water Works Competitors by Market Cap
The table below lists competitors of American Water Works ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ecopetrol SA ADR
NYSE:EC
|
$26.82 Billion |
|
FRESENIUS SE+CO. ADR 1/4
F:FREA
|
$26.87 Billion |
|
Dollar General Corporation
NYSE:DG
|
$26.93 Billion |
|
Las Vegas Sands Corp
NYSE:LVS
|
$26.99 Billion |
|
ACS Actividades de Construccion y Servicios SA
MC:ACS
|
$26.81 Billion |
|
Standard Bank Group Ltd
JSE:SBK
|
$26.81 Billion |
|
SIKA AG UNSP.ADR O.N.
F:SIKB
|
$26.79 Billion |
|
Otis Worldwide Corp
NYSE:OTIS
|
$26.77 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in American Water Works's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 10,332,000,000 to 10,837,000,000, a change of 505,000,000 (4.9%).
- Net income of 1,111,000,000 contributed positively to equity growth.
- Dividend payments of 633,000,000 reduced retained earnings.
- Other comprehensive income decreased equity by 6,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $1.11 Billion | +10.25% |
| Dividends Paid | $633.00 Million | -5.84% |
| Other Comprehensive Income | $-6.00 Million | -0.06% |
| Other Changes | $33.00 Million | +0.3% |
| Total Change | $- | 4.89% |
Book Value vs Market Value Analysis
This analysis compares American Water Works's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.49x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 22.91x to 2.49x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1985-12-31 | $6.04 | $138.24 | x |
| 1986-12-31 | $6.38 | $138.24 | x |
| 1987-12-31 | $7.05 | $138.24 | x |
| 1988-12-31 | $7.58 | $138.24 | x |
| 1989-12-31 | $8.81 | $138.24 | x |
| 1990-12-31 | $9.29 | $138.24 | x |
| 1991-12-31 | $11.02 | $138.24 | x |
| 1992-12-31 | $11.65 | $138.24 | x |
| 1993-12-31 | $11.60 | $138.24 | x |
| 1994-12-31 | $13.08 | $138.24 | x |
| 1995-12-31 | $13.77 | $138.24 | x |
| 1996-12-31 | $15.51 | $138.24 | x |
| 1997-12-31 | $15.70 | $138.24 | x |
| 1998-12-31 | $14.03 | $138.24 | x |
| 1999-12-31 | $17.90 | $138.24 | x |
| 2000-12-31 | $17.58 | $138.24 | x |
| 2001-12-31 | $18.17 | $138.24 | x |
| 2005-12-31 | $14.87 | $138.24 | x |
| 2006-12-31 | $34.98 | $138.24 | x |
| 2007-12-31 | $28.57 | $138.24 | x |
| 2008-12-31 | $25.82 | $138.24 | x |
| 2009-12-31 | $23.82 | $138.24 | x |
| 2010-12-31 | $23.60 | $138.24 | x |
| 2011-12-31 | $24.02 | $138.24 | x |
| 2012-12-31 | $25.02 | $138.24 | x |
| 2013-12-31 | $26.41 | $138.24 | x |
| 2014-12-31 | $27.34 | $138.24 | x |
| 2015-12-31 | $28.05 | $138.24 | x |
| 2016-12-31 | $29.15 | $138.24 | x |
| 2017-12-31 | $30.08 | $138.24 | x |
| 2018-12-31 | $32.58 | $138.24 | x |
| 2019-12-31 | $33.82 | $138.24 | x |
| 2020-12-31 | $35.46 | $138.24 | x |
| 2021-12-31 | $40.10 | $138.24 | x |
| 2022-12-31 | $42.27 | $138.24 | x |
| 2023-12-31 | $50.76 | $138.24 | x |
| 2024-12-31 | $52.98 | $138.24 | x |
| 2025-12-31 | $55.57 | $138.24 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently American Water Works utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 10.25%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 21.61%
- • Asset Turnover: 0.14x
- • Equity Multiplier: 3.37x
- Recent ROE (10.25%) is above the historical average (7.59%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1985 | 12.87% | 10.91% | 0.31x | 3.79x | $10.45 Million |
| 1986 | 14.33% | 11.96% | 0.31x | 3.85x | $16.87 Million |
| 1987 | 13.12% | 11.58% | 0.30x | 3.78x | $13.31 Million |
| 1988 | 12.31% | 11.12% | 0.29x | 3.76x | $10.66 Million |
| 1989 | 8.98% | 9.16% | 0.28x | 3.56x | $-5.49 Million |
| 1990 | 10.02% | 10.01% | 0.27x | 3.67x | $120.00K |
| 1991 | 10.90% | 11.63% | 0.28x | 3.32x | $6.06 Million |
| 1992 | 9.48% | 10.37% | 0.27x | 3.36x | $-3.71 Million |
| 1993 | 10.47% | 10.51% | 0.24x | 4.16x | $3.38 Million |
| 1994 | 9.42% | 10.22% | 0.24x | 3.84x | $-4.81 Million |
| 1995 | 10.02% | 11.47% | 0.24x | 3.70x | $180.00K |
| 1996 | 8.79% | 11.37% | 0.22x | 3.49x | $-13.99 Million |
| 1997 | 9.60% | 12.48% | 0.22x | 3.48x | $-4.91 Million |
| 1998 | 9.80% | 12.87% | 0.22x | 3.52x | $-2.63 Million |
| 1999 | 8.04% | 11.02% | 0.21x | 3.44x | $-33.91 Million |
| 2000 | 9.35% | 11.93% | 0.22x | 3.56x | $-11.18 Million |
| 2001 | 8.93% | 11.22% | 0.22x | 3.66x | $-19.26 Million |
| 2005 | -11.57% | -15.21% | 0.18x | 4.22x | $-605.97 Million |
| 2006 | -2.90% | -7.75% | 0.16x | 2.28x | $-721.89 Million |
| 2007 | -7.50% | -15.48% | 0.17x | 2.83x | $-799.92 Million |
| 2008 | -13.62% | -24.07% | 0.18x | 3.20x | $-975.49 Million |
| 2009 | -5.82% | -9.55% | 0.18x | 3.36x | $-633.62 Million |
| 2010 | 6.48% | 9.88% | 0.19x | 3.41x | $-145.40 Million |
| 2011 | 7.30% | 11.61% | 0.18x | 3.48x | $-114.43 Million |
| 2012 | 8.06% | 12.45% | 0.20x | 3.31x | $-86.43 Million |
| 2013 | 7.81% | 12.73% | 0.19x | 3.19x | $-103.52 Million |
| 2014 | 8.61% | 14.05% | 0.19x | 3.28x | $-68.45 Million |
| 2015 | 9.43% | 15.07% | 0.18x | 3.41x | $-28.90 Million |
| 2016 | 8.97% | 14.17% | 0.18x | 3.54x | $-53.80 Million |
| 2017 | 7.91% | 12.69% | 0.17x | 3.62x | $-112.50 Million |
| 2018 | 9.67% | 16.48% | 0.16x | 3.62x | $-19.40 Million |
| 2019 | 10.15% | 17.20% | 0.16x | 3.71x | $8.90 Million |
| 2020 | 10.99% | 18.77% | 0.15x | 3.84x | $63.60 Million |
| 2021 | 17.31% | 32.14% | 0.15x | 3.57x | $533.20 Million |
| 2022 | 10.66% | 21.62% | 0.14x | 3.61x | $50.70 Million |
| 2023 | 9.64% | 22.30% | 0.14x | 3.09x | $-35.70 Million |
| 2024 | 10.17% | 22.44% | 0.14x | 3.18x | $17.80 Million |
| 2025 | 10.25% | 21.61% | 0.14x | 3.37x | $27.30 Million |
Industry Comparison
This section compares American Water Works's net assets metrics with peer companies in the Utilities - Regulated Water industry.
Industry Context
- Industry: Utilities - Regulated Water
- Average net assets among peers: $134,673,149
- Average return on equity (ROE) among peers: 148.49%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| American Water Works (AWK) | $11.66 Billion | 12.87% | 2.12x | $26.81 Billion |
| Aris Water Solutions Inc (ARIS) | $189.00K | 1292.59% | 70.20x | $620.38 Million |
| Artesian Resources Corporation (ARTNA) | $57.81 Million | 8.71% | 3.22x | $334.00 Million |
| American States Water Company (AWR) | $201.86 Million | 10.13% | 2.39x | $3.44 Billion |
| Consolidated Water Co Ltd (CWCO) | $4.10 Million | 12.20% | 1.46x | $453.72 Million |
| California Water Service Group (CWT) | $435.53 Million | 8.65% | 2.89x | $2.96 Billion |
| Global Water Resources Inc (GWRS) | $32.19 Million | 3.43% | 7.81x | $244.09 Million |
| H2O America (HTO) | $252.76 Million | 6.00% | 2.48x | $1.74 Billion |
| Middlesex Water Company (MSEX) | $180.33 Million | 7.46% | 1.98x | $935.05 Million |
| Pure Cycle Corporation (PCYO) | $47.29 Million | -12.72% | 1.46x | $267.79 Million |
About American Water Works
American Water Works Company, Inc., through its subsidiaries, provides water and wastewater services in the United States. It offers water and wastewater services on military installations; and undertakes contracts with municipal customers, primarily to operate and manage water and wastewater facilities, as well as offers other related services. The company also operates approximately 80 surface … Read more