American Water Works Company
American Water Works Company returns on capital
Annual and trailing 12-month returns on invested capital, equity and assets.
ROIC
% · Annual / TTM
ROCE
% · Annual / TTM
ROIIC
% · Annual / TTM
ROE
% · Annual / TTM
ROA
% · Annual / TTM
ROIC − WACC
Percentage points · Scenario
Quarterly data
| Fiscal period | Ended | ROIC% | ROCE% | ROIIC% | ROE% | ROA% | ROIC − WACCPercentage points |
|---|---|---|---|---|---|---|---|
| FY 2026 Q2 | Jun 30, 2026 | 5.77% | 6.19% | 7.22% | 10.1% | 3.21% | 1.4 pp |
| FY 2026 Q1 | Mar 31, 2026 | 5.77% | 6.14% | 7.27% | 10.22% | 3.22% | 1.4 pp |
| FY 2025 Q4 | Dec 31, 2025 | 5.77% | 6.22% | 6.03% | 10.5% | 3.25% | 1.4 pp |
| FY 2025 Q3 | Sep 30, 2025 | 5.82% | 6.17% | 8.01% | 10.46% | 3.34% | 1.4 pp |
| FY 2025 Q2 | Jun 30, 2025 | 5.71% | 6.08% | 7.88% | 10.4% | 3.33% | 1.3 pp |
| FY 2025 Q1 | Mar 31, 2025 | 5.74% | 5.88% | 6.88% | 10.43% | 3.33% | 1.3 pp |
| FY 2024 Q4 | Dec 31, 2024 | 5.76% | 5.94% | 5.81% | 10.44% | 3.33% | 1.4 pp |
| FY 2024 Q3 | Sep 30, 2024 | 5.54% | 5.6% | 3.81% | 9.7% | 3.19% | 1.1 pp |
| FY 2024 Q2 | Jun 30, 2024 | 5.45% | 5.43% | 3.04% | 9.63% | 3.15% | 1.1 pp |
| FY 2024 Q1 | Mar 31, 2024 | 5.58% | 5.52% | 6.69% | 9.81% | 3.23% | 1.2 pp |
| FY 2023 Q4 | Dec 31, 2023 | 5.68% | 5.66% | 8.21% | 10.79% | 3.25% | 1.3 pp |
| FY 2023 Q3 | Sep 30, 2023 | 5.69% | 5.52% | 11.6% | 10.42% | 3.23% | 1.3 pp |
| FY 2023 Q2 | Jun 30, 2023 | 5.69% | 5.43% | 10.99% | 10.35% | 3.19% | 1.3 pp |
| FY 2023 Q1 | Mar 31, 2023 | 5.53% | 5.24% | 5.66% | 9.78% | 3.08% | 1.1 pp |
| FY 2022 Q4 | Dec 31, 2022 | 5.43% | 5.21% | 6.27% | 10.94% | 3.04% | 1 pp |
| FY 2022 Q3 | Sep 30, 2022 | 5.04% | 5.08% | -4.74% | 18.03% | 5.02% | 0.6 pp |
| FY 2022 Q2 | Jun 30, 2022 | 5.04% | 5.03% | -4.98% | 18.22% | 5.04% | 0.6 pp |
| FY 2022 Q1 | Mar 31, 2022 | 5.26% | 5.26% | -4.15% | 18.34% | 5.13% | 0.9 pp |
| FY 2021 Q4 | Dec 31, 2021 | 5.26% | 5.22% | -2.77% | 18.37% | 4.97% | 0.9 pp |
| FY 2021 Q3 | Sep 30, 2021 | 5.91% | 5.43% | 8.85% | 11.41% | 3.07% | 1.5 pp |
| FY 2021 Q2 | Jun 30, 2021 | 5.89% | 5.56% | 8.55% | 11.5% | 3.06% | 1.5 pp |
| FY 2021 Q1 | Mar 31, 2021 | 5.81% | 5.78% | 6.72% | 11.2% | 2.99% | 1.4 pp |
| FY 2020 Q4 | Dec 31, 2020 | 5.92% | 5.87% | 6.4% | 11.28% | 2.99% | 1.5 pp |
| FY 2020 Q3 | Sep 30, 2020 | 5.71% | 5.64% | 2.57% | 10.42% | 2.84% | 1.3 pp |
| FY 2020 Q2 | Jun 30, 2020 | 5.69% | 5.57% | 6.24% | 10.32% | 2.78% | 1.3 pp |
| FY 2020 Q1 | Mar 31, 2020 | 5.74% | 5.84% | 5.94% | 10.38% | 2.81% | 1.3 pp |
| FY 2019 Q4 | Dec 31, 2019 | 5.84% | 5.88% | 6.9% | 10.36% | 2.83% | 1.4 pp |
| FY 2019 Q3 | Sep 30, 2019 | 5.95% | 5.99% | 23.26% | 10.54% | 2.95% | 1.5 pp |
| FY 2019 Q2 | Jun 30, 2019 | 5.58% | 5.9% | 17.08% | 9.9% | 2.75% | 1.2 pp |
| FY 2019 Q1 | Mar 31, 2019 | 5.72% | 6.15% | 15.85% | 10.09% | 2.79% | 1.3 pp |
| FY 2018 Q4 | Dec 31, 2018 | 5.78% | 6.07% | 16.27% | 10.08% | 2.79% | 1.4 pp |
| FY 2018 Q3 | Sep 30, 2018 | 4.63% | 6.17% | -8.12% | 7.98% | 2.26% | 0.2 pp |
| FY 2018 Q2 | Jun 30, 2018 | 4.77% | 7.26% | -2.32% | 8.45% | 2.38% | 0.4 pp |
| FY 2018 Q1 | Mar 31, 2018 | 4.61% | 7.39% | -8.41% | 8.18% | 2.29% | 0.2 pp |
| FY 2017 Q4 | Dec 31, 2017 | 4.58% | 7.48% | -10.29% | 8.04% | 2.24% | 0.2 pp |
| FY 2017 Q3 | Sep 30, 2017 | 5.86% | 7.21% | 9.36% | 9.82% | 2.83% | 1.5 pp |
| FY 2017 Q2 | Jun 30, 2017 | 5.4% | 6.83% | -0.85% | 8.98% | 2.58% | 1 pp |
| FY 2017 Q1 | Mar 31, 2017 | 5.54% | 6.83% | 1.49% | 9.24% | 2.66% | 1.1 pp |
| FY 2016 Q4 | Dec 31, 2016 | 5.5% | 6.79% | 0.27% | 9.12% | 2.62% | 1.1 pp |
| FY 2016 Q3 | Sep 30, 2016 | 5.55% | 6.65% | 0.26% | 8.96% | 2.66% | 1.1 pp |
| FY 2016 Q2 | Jun 30, 2016 | 5.83% | 7.09% | 6.15% | 9.64% | 2.86% | 1.4 pp |
| FY 2016 Q1 | Mar 31, 2016 | 5.81% | 7.04% | 6.02% | 9.49% | 2.84% | 1.4 pp |
| FY 2015 Q4 | Dec 31, 2015 | 5.85% | 7.03% | 6.64% | 9.55% | 2.85% | 1.4 pp |
| FY 2015 Q3 | Sep 30, 2015 | 5.85% | 6.97% | 8.17% | — | 2.87% | 1.5 pp |
| FY 2015 Q2 | Jun 30, 2015 | 5.73% | 7.09% | 8.91% | — | 2.79% | 1.3 pp |
| FY 2015 Q1 | Mar 31, 2015 | 5.69% | 7% | 8.57% | — | 2.76% | 1.3 pp |
| FY 2014 Q4 | Dec 31, 2014 | 5.68% | 6.98% | 10.88% | 8.77% | 2.71% | 1.3 pp |
| FY 2014 Q3 | Sep 30, 2014 | 5.65% | 6.91% | 10.45% | — | 2.52% | 1.2 pp |
| FY 2014 Q2 | Jun 30, 2014 | 5.6% | 6.97% | 9.59% | — | 2.55% | 1.2 pp |
| FY 2014 Q1 | Mar 31, 2014 | 5.62% | 6.94% | 4.7% | — | 2.53% | 1.2 pp |
| FY 2013 Q4 | Dec 31, 2013 | 5.61% | 6.86% | 5.07% | 8.05% | 2.48% | 1.2 pp |
| FY 2013 Q3 | Sep 30, 2013 | 5.38% | 6.48% | -4.15% | 8.04% | 2.45% | 1 pp |
| FY 2013 Q2 | Jun 30, 2013 | 5.38% | 6.59% | 3.6% | 8.28% | 2.51% | 1 pp |
| FY 2013 Q1 | Mar 31, 2013 | 5.63% | 6.85% | 18.7% | 8.54% | 2.59% | 1.2 pp |
| FY 2012 Q4 | Dec 31, 2012 | 5.45% | 6.85% | — | 8.25% | 2.43% | 1.1 pp |
| FY 2012 Q3 | Sep 30, 2012 | 5.58% | 6.99% | — | 8.44% | 2.52% | 1.2 pp |
| FY 2012 Q2 | Jun 30, 2012 | 5.35% | 6.73% | 277.65% | 8.28% | 2.44% | 1 pp |
| FY 2012 Q1 | Mar 31, 2012 | 5.04% | 6.22% | — | 7.82% | 2.33% | 0.6 pp |
| FY 2011 Q4 | Dec 31, 2011 | 4.88% | 6.04% | 13.2% | 7.4% | 2.15% | 0.5 pp |
| FY 2011 Q3 | Sep 30, 2011 | 4.69% | 5.88% | — | 7.37% | 2.17% | 0.3 pp |
| FY 2011 Q2 | Jun 30, 2011 | 4.65% | 5.91% | — | 7.22% | 2.11% | 0.2 pp |
| FY 2011 Q1 | Mar 31, 2011 | — | — | — | — | — | — |
| FY 2010 Q4 | Dec 31, 2010 | — | — | — | — | — | — |
| FY 2010 Q3 | Sep 30, 2010 | — | — | — | — | — | — |
| FY 2010 Q2 | Jun 30, 2010 | — | — | — | — | — | — |
Sources and calculations
Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.
Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.
Quarterly returns use trailing 12-month earnings and period-end balances averaged with the same fiscal quarter one year earlier. NOPAT uses the reported effective tax rate only when pretax profit is positive and the rate is between 0 and 100%. WACC starts at 4.4%, rounded from the Utility · General benchmark in NYU Stern · January 2026. It is an editable US sector proxy applied across history, not a company estimate; foreign reporting currencies also need a currency-specific assessment.
Market prices: Yahoo Finance · AWK, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.
- ROIC
- NOPAT / average invested capital × 100. NOPAT = operating income × (1 − effective tax rate). Invested capital = equity including noncontrolling interests + debt − cash and equivalents. Average uses period end and one year earlier.
- ROCE
- Operating income / average (assets − current liabilities) × 100, using period end and one year earlier.
- ROIIC
- Year-over-year change in annual/TTM NOPAT / positive year-over-year change in invested capital × 100. Capital reductions and missing inputs yield unavailable values.
- ROE
- Earnings attributable to owners / average equity attributable to owners × 100, using period end and one year earlier.
- ROA
- Net income / average total assets × 100, using period end and one year earlier.
- ROIC − WACC
- ROIC less your WACC assumption, in percentage points. The same scenario rate is applied across history; it is not a reported or historical company WACC.