American Water Works Company, Inc.
$40.47B- Market cap
- $27.79B
- Debt
- +$12.78B
- Cash
- −$98.00M
Capital structure 68% equity / 32% debt · EV / Revenue 7.90x · EV proxy / EBITDA proxy 14.60x
Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
Decision snapshot: AWK stock price near parity vs EVRG $139.84 current versus $126.49 implied using P/E multiple.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at EVRG's multiple
Implied fair value · at AWK's multiple
Snapshot Sep 10, 2026, 4:00 PM ET
Metric by metric
Where each company leads, and how wide the gap is.
Growth edge
Reported gross margin
Operating income + D&A
Multiple premium
Higher P/E
Lower leverage
Statements
Annual statements in reported currencies, with calculations and source evidence.
Values retain reported currencies and share bases. Select a figure to inspect its period, calculation and filing inputs. Differences require compatible units and periods.
Explore enterprise value and market valuation multiples in the valuation sections.
Trendline
Eight period-end years of reported revenue, earnings, and margins. Periods and currencies are shown with the data.
Price framework
USD market cap plus reported borrowing debt, less cash and equivalents. This EV proxy excludes investments, preferred stock and noncontrolling-interest adjustments.
Capital structure 68% equity / 32% debt · EV / Revenue 7.90x · EV proxy / EBITDA proxy 14.60x
Capital structure 56% equity / 44% debt · EV / Revenue 5.63x
AWK carries the larger enterprise value at $40.47B against $33.53B; EVRG trades on the lower EV / Revenue multiple (5.63x vs 7.90x).
Price framework
The same filing-backed model used on each company's valuation page, with company-specific inputs and calculated scenarios.
AMERICAN WATER WORKS COMPANY, INC. · implied price per share
Latest annual free cash flow must be positive to qualify the filing-backed baseline.
Evergy, Inc. · implied price per share
Latest annual free cash flow must be positive to qualify the filing-backed baseline.
Balance sheet health
Inspect reported liquidity and leverage alongside historical financial-health checks.
Financial strength on a 0–9 scale.
Bankruptcy-risk signal from balance sheet and earnings power.
Not enough data to score either balance sheet.
Comparable set
Where the pair sits against the wider comparable set.
Keep comparing
Open adjacent comparisons from the same industry to pressure-test the read across multiple pairs.
ATMOS ENERGY CORP
AWK vs ATO
ALLIANT ENERGY CORP
AWK vs LNT
PPL Corp
AWK vs PPL
PUBLIC SERVICE ENTERPRISE GROUP INC
AWK vs PEG
DTE ENERGY CO
AWK vs DTE
NEXTERA ENERGY INC
AWK vs NEE
Duke Energy CORP
AWK vs DUK
AMERICAN ELECTRIC POWER CO INC
AWK vs AEP
XCEL ENERGY INC
AWK vs XEL
NRG ENERGY, INC.
AWK vs NRG
Cash excludes investments. EBITDA is an operating-income-plus-D&A proxy. Missing borrowing categories remain unavailable; select a value to inspect its inputs.
LLM-powered synthesis
An explanation of the financial evidence. Check its snapshot date against the figures above.
This explanation uses an earlier data snapshot or evidence version. Review its generation date and the current figures, or refresh after signing in.
If you believe AWK will sustain its superior margins, 10.1% revenue growth, and higher ROIC versus EVRG, then maintain or modestly add exposure because those fundamentals justify a premium to peers; if instead you expect reversion to EVRG multiples (AWK re-rating to a ~22.4x P/E or EVRG P/S), then trim or avoid because current price is ~4.5% above the P/E-implied $127.36 and trades at a clear P/S and EV/EBITDA premium.
AWK's Current Price ($133.39) sits modestly above the Implied Price from the P/E multiple ($127.36), implying ~-4.5% downside to that P/E-implied level. EVRG-implied valuation band ($83.01 - $127.36) places AWK above EVRG ceiling but within its historical band ($120.05 - $146.73), indicating the current market price reflects a premium relative to EVRG-based multiples.
Supporting Metrics