# American Water Works Company, Inc.

Summary updated: 2026-10-02T09:03:31.624881Z
Canonical: https://finbar.com/research/companies/american-water-works-company

## Overview

American Water Works Company, Inc. is a U.S. water and wastewater utility. Its core business is supplying water and providing wastewater collection and treatment through regulated utilities, with operations in 14 states; it also serves customers on military installations. Its customers include residential, commercial, industrial, public-sector and other users. [1](https://app.finbar.com/go?id=P49699124) The company describes its mission as delivering clean, safe, reliable and affordable water and wastewater services. [2](https://www.amwater.com/corp/About-Us/Corporate/values-and-strategies)

American Water says it serves approximately 14 million people and employs about 7,000 professionals. [3](https://www.amwater.com/corp/about-us/) For the year ended December 31, 2025, operating revenues were $5.140 billion. [4](https://app.finbar.com/go?id=T5345740) The company traces its history to 1886. [3](https://www.amwater.com/corp/about-us/)
[1](https://app.finbar.com/go?id=P49699124)[4](https://app.finbar.com/go?id=T5345740)[2](https://www.amwater.com/corp/About-Us/Corporate/values-and-strategies)[3](https://www.amwater.com/corp/about-us/)[2](https://www.amwater.com/corp/About-Us/Corporate/values-and-strategies)[3](https://www.amwater.com/corp/about-us/)

## Products & services

American Water Works’ principal offerings are water and wastewater utility services. Its water systems store, pump, treat, and deliver water from surface sources, groundwater, or third-party suppliers; its wastewater systems collect, treat, transport, and recycle wastewater. Treatment processes vary with source-water quality and applicable standards. [5](https://app.finbar.com/go?id=P14481984)

Through its Contract Services Group, the company provides municipal and industrial water and wastewater system operation, maintenance, management, and design-build-operate services. Its industrial services address water supply, process water, steam, wastewater, residuals, utilities, and by-product reuse. Its Military Services Group owns and operates water and wastewater systems at U.S. military installations. [6](https://www.amwater.com/corp/Products-Services/Contract-Services/about-us)[7](https://www.amwater.com/corp/products-services/contract-services/industrial)[8](https://www.amwater.com/corp/products-services/military-services/)

Utility customer services include metered water supply, with readings obtained manually or through electronic meters that transmit data to nearby devices or radio-frequency collectors; wastewater may be billed at a flat rate or based on water use. [9](https://app.finbar.com/go?id=P105556001) In 2025, Regulated Businesses generated $4.723 billion, or 92% of company operating revenue. Within that segment, revenue was distributed across residential water (54%), commercial water (21%), public and other water (7%), fire service (4%), industrial water (4%), wastewater (9%), and other (1%). [1](https://app.finbar.com/go?id=P49699124)[10](https://app.finbar.com/go?id=T330254)
[5](https://app.finbar.com/go?id=P14481984)[9](https://app.finbar.com/go?id=P105556001)[1](https://app.finbar.com/go?id=P49699124)[10](https://app.finbar.com/go?id=T330254)[10](https://app.finbar.com/go?id=T330254)[10](https://app.finbar.com/go?id=T330254)[10](https://app.finbar.com/go?id=T330254)[10](https://app.finbar.com/go?id=T330254)[10](https://app.finbar.com/go?id=T330254)[10](https://app.finbar.com/go?id=T330254)[6](https://www.amwater.com/corp/Products-Services/Contract-Services/about-us)[7](https://www.amwater.com/corp/products-services/contract-services/industrial)[8](https://www.amwater.com/corp/products-services/military-services/)[6](https://www.amwater.com/corp/Products-Services/Contract-Services/about-us)[7](https://www.amwater.com/corp/products-services/contract-services/industrial)[8](https://www.amwater.com/corp/products-services/military-services/)

## Geographic presence

American Water Works’ regulated utility operations span approximately 1,700 communities in 14 states: California, Hawaii, Illinois, Indiana, Iowa, Kentucky, Maryland, Missouri, New Jersey, Pennsylvania, Tennessee, Virginia and West Virginia. Tennessee American Water’s service area also extends into part of northern Georgia. The company reports serving approximately 14 million people. [11](https://www.amwater.com/corp/about-us/our-states-subsidaries)

The company’s corporate headquarters is at 1 Water Street in Camden, New Jersey. [12](https://app.finbar.com/go?id=P31360828)[13](https://www.amwater.com/corp/About-Us/Corporate/camden-headquarters) The 2025 annual report and 2026 second-quarter report reviewed do not provide state-by-state or regional revenue percentages. [14](https://app.finbar.com/go?id=P30050809)[15](https://app.finbar.com/go?id=P144434002)
[12](https://app.finbar.com/go?id=P31360828)[14](https://app.finbar.com/go?id=P30050809)[15](https://app.finbar.com/go?id=P144434002)[11](https://www.amwater.com/corp/about-us/our-states-subsidaries)[13](https://www.amwater.com/corp/About-Us/Corporate/camden-headquarters)

## Business segments

American Water Works reports one reportable segment: **Regulated Businesses**, comprising subsidiaries that provide water and wastewater services to customers in 14 states. In FY2025, the segment generated $4.723 billion, approximately **91.9%** of consolidated operating revenues of $5.140 billion. [16](https://app.finbar.com/go?id=P47891657)[17](https://app.finbar.com/go?id=T6655655)

The company presents its remaining activities as **Other**, rather than as a reportable segment. Other businesses are primarily MSG, which provides water and wastewater services to the U.S. government at military installations and to municipalities; the category also includes unallocated corporate costs, certain income and intersegment eliminations, and acquisition-related adjustments. Other reported $417 million in FY2025 revenue, approximately **8.1%** of consolidated operating revenues. [18](https://app.finbar.com/go?id=P87729426)[19](https://app.finbar.com/go?id=P83869098)[20](https://app.finbar.com/go?id=P78201404)[17](https://app.finbar.com/go?id=T6655655)
[16](https://app.finbar.com/go?id=P47891657)[17](https://app.finbar.com/go?id=T6655655)[18](https://app.finbar.com/go?id=P87729426)[19](https://app.finbar.com/go?id=P83869098)[20](https://app.finbar.com/go?id=P78201404)

## Company history

Founded in Pennsylvania in 1886 as American Water Works & Guarantee Company, the business began by building and acquiring water systems in McKeesport. Its official history records a name change to American Water Works and Electric in 1914. [21](https://app.finbar.com/go?id=P193603048)[22](https://newsroom.amwater.com/company-history) In 1947, its common stock began trading publicly on the New York Stock Exchange; the company’s timeline records 663,000 customers at that milestone. [21](https://app.finbar.com/go?id=P193603048)[23](https://www.amwater.com/press-room/Company-Overview/company-history)

The company acquired E’Town Corporation in 2001 and was acquired by Germany’s RWE Aktiengesellschaft in 2003. [24](https://app.finbar.com/go?id=P193603944)[21](https://app.finbar.com/go?id=P193603048) On April 28, 2008, American Water completed an IPO and returned to NYSE trading as AWK, with RWE retaining a majority stake at the time. RWE completed its divestiture in November 2009. [25](https://app.finbar.com/go?id=P193604094)[21](https://app.finbar.com/go?id=P193603048)
[21](https://app.finbar.com/go?id=P193603048)[22](https://newsroom.amwater.com/company-history)[23](https://www.amwater.com/press-room/Company-Overview/company-history)[24](https://app.finbar.com/go?id=P193603944)[25](https://app.finbar.com/go?id=P193604094)[22](https://newsroom.amwater.com/company-history)[23](https://www.amwater.com/press-room/Company-Overview/company-history)

## Sources

1. [American Water Works Company, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P49699124)
2. [www.amwater.com](https://www.amwater.com/corp/About-Us/Corporate/values-and-strategies)
3. [www.amwater.com](https://www.amwater.com/corp/about-us/)
4. [American Water Works Company, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=T5345740)
5. [American Water Works Company, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P14481984)
6. [www.amwater.com](https://www.amwater.com/corp/Products-Services/Contract-Services/about-us)
7. [www.amwater.com](https://www.amwater.com/corp/products-services/contract-services/industrial)
8. [www.amwater.com](https://www.amwater.com/corp/products-services/military-services/)
9. [American Water Works Company, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P105556001)
10. [American Water Works Company, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=T330254)
11. [www.amwater.com](https://www.amwater.com/corp/about-us/our-states-subsidaries)
12. [American Water Works Company, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P31360828)
13. [www.amwater.com](https://www.amwater.com/corp/About-Us/Corporate/camden-headquarters)
14. [American Water Works Company, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P30050809)
15. [American Water Works Company, Inc. — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=P144434002)
16. [American Water Works Company, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P47891657)
17. [American Water Works Company, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=T6655655)
18. [American Water Works Company, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P87729426)
19. [American Water Works Company, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P83869098)
20. [American Water Works Company, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P78201404)
21. [American Water Works Company, Inc. — Full financial report (2010 Y)](https://app.finbar.com/go?id=P193603048)
22. [newsroom.amwater.com](https://newsroom.amwater.com/company-history)
23. [www.amwater.com](https://www.amwater.com/press-room/Company-Overview/company-history)
24. [American Water Works Company, Inc. — Full financial report (2010 Y)](https://app.finbar.com/go?id=P193603944)
25. [American Water Works Company, Inc. — Full financial report (2010 Y)](https://app.finbar.com/go?id=P193604094)

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