American Water Works Company, Inc. (AWK) closed fiscal year 2025 with a gross margin of 60.9 % and a net margin of 21.7 %.
American Water Works Company, Inc. (AWK) closed fiscal year 2025 with a gross margin of 60.9 % and a net margin of 21.7 %. The same year shows an EBITDA margin of 54.1 % and an EBIT margin of 36.7 %. The free cash flow margin was -20.8 %. Against the previous year the gross margin moved +0.2 pp and the net margin −0.9 pp. Across the period the gross margin ranges between 58.5 % in 2022 and 60.9 % in 2025. The series covers 18 fiscal years, from 2008 to 2025. Margins are expressed as a percentage of net revenue and are derived from the same figures as the income statement, taken from as-reported SEC EDGAR filings, with no restatements or adjustments of our own.
Fiscal year end: December
| 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin (%) | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 58.54 % | 59.62 % | 60.74 % | 60.95 % |
| EBITDA margin (%) | 5.39 % | 21.56 % | 41.42 % | 43.32 % | 45.75 % | 47.07 % | 47.39 % | — | — | — | 48.20 % | 50.07 % | 49.48 % | 46.81 % | 51.08 % | 52.36 % | 53.86 % | 54.15 % |
| EBIT margin (%) | -8.00 % | 8.03 % | 28.50 % | 30.12 % | 32.38 % | 32.93 % | 33.31 % | — | — | — | 32.25 % | 33.84 % | 33.34 % | 30.56 % | 33.83 % | 35.67 % | 36.92 % | 36.69 % |
| Net margin (%) | -24.07 % | -10.18 % | 10.48 % | 11.61 % | 12.55 % | 12.82 % | 14.05 % | — | — | — | 16.59 % | 17.31 % | 18.94 % | 32.27 % | 21.79 % | 22.39 % | 22.59 % | 21.69 % |
| FCF margin (%) | -19.54 % | -8.26 % | 0.36 % | -4.37 % | 0.95 % | -2.93 % | 4.68 % | — | — | — | -5.85 % | -7.56 % | -10.58 % | -8.25 % | -31.60 % | -16.62 % | -17.43 % | -20.84 % |
