How American Water Works makes money

Period

FY2025

How does American Water Works make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

American Water Works Company Inc. · FY2025 · year ended 2025-12-31

Revenue$5.1BGross profit$5.1B · 100%Cost of revenue$0 · 0%Operating income$1.9B · 37%Operating expenses$3.3B · 63%Other opex$3.3B · 63%Pre-tax income$1.4B · 28%Other expense$457M · 9%Net income$1.1B · 22%Income tax$311M · 6%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.