Essential Utilities Inc Financials

WTRG

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Essential Utilities Inc (WTRG) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 19 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 59/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

100

Essential Utilities Inc has an operating margin of 37.2%, meaning the company retains $37 of operating profit per $100 of revenue. This strong profitability earns a score of 100/100, reflecting efficient cost management and pricing power. This is up from 36.3% the prior year.

Growth

Essential Utilities Inc's revenue surged 18.6% year-over-year to $2.5B, reflecting rapid business expansion. This strong growth earns a score of 82/100.

Leverage

Essential Utilities Inc carries a low D/E ratio of 1.18, meaning only $1.18 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 67/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Essential Utilities Inc's current ratio of 0.80 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 12/100, which could limit financial flexibility.

Returns

Essential Utilities Inc's ROE of 9.0% shows moderate profitability relative to equity, earning a score of 36/100. This is down from 9.6% the prior year.

Altman Z-Score Distress

0.98

Essential Utilities Inc scores 0.98, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($11.4B) relative to total liabilities ($12.6B). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Piotroski F-Score Neutral

5/9

Essential Utilities Inc passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed

1.64x

For every $1 of reported earnings, Essential Utilities Inc generates $1.64 in operating cash flow ($1.0B OCF vs $616.4M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Adequate

2.8x

Essential Utilities Inc earns $2.8 in operating income for every $1 of interest expense ($921.0M vs $329.1M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.

Key Financial Metrics

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Revenue

$2.5B

YoY+18.6%

5Y CAGR+11.1%

10Y CAGR+11.8%

Essential Utilities Inc generated $2.5B in revenue in fiscal year 2025. This represents an increase of 18.6% from the prior year.

EBITDA

$1.3B

YoY+18.7%

5Y CAGR+14.1%

10Y CAGR+11.5%

Essential Utilities Inc's EBITDA was $1.3B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 18.7% from the prior year.

Free Cash Flow

N/A

Net Income

$616.4M

YoY+3.5%

5Y CAGR+16.7%

10Y CAGR+11.8%

Essential Utilities Inc reported $616.4M in net income in fiscal year 2025. This represents an increase of 3.5% from the prior year.

EPS (Diluted)

$2.20

YoY+1.4%

5Y CAGR+14.5%

10Y CAGR+6.8%

Essential Utilities Inc earned $2.20 per diluted share (EPS) in fiscal year 2025. This represents an increase of 1.4% from the prior year.

Cash & Debt

$34.8M

YoY+279.8%

5Y CAGR+48.4%

10Y CAGR+26.8%

Essential Utilities Inc held $34.8M in cash against $8.1B in long-term debt as of fiscal year 2025.

Dividends Per Share

$1.34

YoY+310.5%

5Y CAGR+6.6%

10Y CAGR+6.9%

Essential Utilities Inc paid $1.34 per share in dividends in fiscal year 2025. This represents an increase of 310.5% from the prior year.

Shares Outstanding

N/A

Gross Margin

N/A

Operating Margin

37.2%

YoY+0.9pp

5Y CAGR+7.5pp

10Y CAGR-2.2pp

Essential Utilities Inc's operating margin was 37.2% in fiscal year 2025, reflecting core business profitability. This is up 0.9 percentage points from the prior year.

Net Margin

24.9%

YoY-3.6pp

5Y CAGR+5.4pp

10Y CAGR+0.1pp

Essential Utilities Inc's net profit margin was 24.9% in fiscal year 2025, showing the share of revenue converted to profit. This is down 3.6 percentage points from the prior year.

Return on Equity

9.0%

YoY-0.6pp

5Y CAGR+2.9pp

10Y CAGR-2.7pp

Essential Utilities Inc's ROE was 9.0% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 0.6 percentage points from the prior year.

R&D Spending

N/A

Share Buybacks

$2.3M

YoY-43.6%

5Y CAGR-12.1%

10Y CAGR-21.4%

Essential Utilities Inc spent $2.3M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 43.6% from the prior year.

Capital Expenditures

N/A

WTRG Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$2.5B+18.6%	$2.1B+1.6%	$2.1B-10.2%	$2.3B+21.8%	$1.9B+28.4%	$1.5B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	$921.0M+21.6%	$757.7M+9.5%	$692.1M+4.7%	$661.2M+9.7%	$602.7M+38.7%	$434.7M
Interest Expense	$329.1M+8.8%	$302.5M+6.7%	$283.4M+19.0%	$238.1M+14.6%	$207.7M+10.2%	$188.4M
Income Tax	$3.4M+115.8%	-$21.8M+67.1%	-$66.4M-363.7%	-$14.3M-49.1%	-$9.6M+51.6%	-$19.9M
Net Income	$616.4M+3.5%	$595.3M+19.5%	$498.2M+7.1%	$465.2M+7.8%	$431.6M+51.5%	$284.8M
EPS (Diluted)	$2.20+1.4%	$2.17+16.7%	$1.86+5.1%	$1.77+6.0%	$1.67+49.1%	$1.12

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Revenue	$699.1M+46.6%	$477.0M-7.4%	$514.9M-34.3%	$783.6M+29.7%	$604.4M+38.9%	$435.3M+0.2%	$434.4M-29.0%	$612.1M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	$227.0M+33.7%	$169.8M-8.4%	$185.3M-45.3%	$338.9M+49.5%	$226.6M+46.1%	$155.1M+6.7%	$145.3M-37.0%	$230.7M
Interest Expense	$84.9M+3.2%	$82.3M+3.1%	$79.8M-2.7%	$82.1M+3.5%	$79.3M+3.2%	$76.8M+5.2%	$73.0M-0.3%	$73.3M
Income Tax	$15.2M+252.8%	$4.3M-6.0%	$4.6M+122.2%	-$20.6M+28.7%	-$28.9M-282.4%	$15.8M+749.8%	$1.9M+117.5%	-$10.6M
Net Income	$132.7M+44.1%	$92.1M-14.6%	$107.8M-62.0%	$283.8M+53.6%	$184.8M+166.2%	$69.4M-7.9%	$75.4M-71.6%	$265.8M
EPS (Diluted)	$0.38+15.2%	$0.33-13.2%	$0.38-63.1%	$1.03+267.9%	$0.28+12.0%	$0.25-10.7%	$0.28-71.1%	$0.97

WTRG Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$19.5B+8.0%	$18.0B+7.0%	$16.8B+7.1%	$15.7B+7.2%	$14.7B+7.0%	$13.7B
Current Assets	$610.4M+25.6%	$485.9M-1.2%	$492.0M-25.2%	$658.2M+50.3%	$437.8M+15.1%	$380.2M
Cash & Equivalents	$34.8M+279.8%	$9.2M+98.5%	$4.6M-59.5%	$11.4M+7.9%	$10.6M+118.9%	$4.8M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$217.2M+30.4%	$166.5M+15.4%	$144.3M-30.1%	$206.3M+46.3%	$141.0M-8.9%	$154.8M
Goodwill	$2.3B+0.3%	$2.3B0.0%	$2.3B0.0%	$2.3B0.0%	$2.3B+0.7%	$2.3B
Total Liabilities	$12.6B+6.6%	$11.8B+8.1%	$10.9B+5.8%	$10.3B+9.2%	$9.5B+5.0%	$9.0B
Current Liabilities	$764.5M-21.6%	$974.7M+22.2%	$797.9M-21.9%	$1.0B+51.4%	$675.1M+11.8%	$603.9M
Long-Term Debt	$8.1B+10.1%	$7.4B+7.9%	$6.8B+7.1%	$6.4B+10.2%	$5.8B+4.9%	$5.5B
Total Equity	$6.9B+10.6%	$6.2B+5.1%	$5.9B+9.6%	$5.4B+3.7%	$5.2B+10.7%	$4.7B
Retained Earnings	$2.3B+17.0%	$1.9B+14.2%	$1.7B+11.2%	$1.5B+7.0%	$1.4B+13.7%	$1.3B

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$19.5B+3.0%	$18.9B+1.8%	$18.6B+1.2%	$18.3B+1.7%	$18.0B+2.6%	$17.6B+1.8%	$17.3B+1.2%	$17.1B
Current Assets	$610.4M+40.8%	$433.6M-1.3%	$439.4M-11.1%	$494.5M+1.8%	$485.9M+29.9%	$373.9M+3.1%	$362.7M-13.5%	$419.5M
Cash & Equivalents	$34.8M+443.7%	$6.4M-74.5%	$25.1M+20.6%	$20.8M+127.0%	$9.2M+8.5%	$8.4M-55.2%	$18.8M-46.5%	$35.2M
Inventory	$12.8M+1.6%	$12.6M+2.4%	$12.3M+4.2%	$11.8M-35.8%	$18.4M+7.9%	$17.0M+4.5%	$16.3M+0.5%	$16.2M
Accounts Receivable	$217.2M+40.4%	$154.7M-22.1%	$198.5M-18.8%	$244.4M+46.8%	$166.5M+33.5%	$124.8M-10.7%	$139.8M-15.1%	$164.6M
Goodwill	$2.3B0.0%	$2.3B+0.3%	$2.3B0.0%	$2.3B0.0%	$2.3B0.0%	$2.3B0.0%	$2.3B0.0%	$2.3B
Total Liabilities	$12.6B+4.4%	$12.1B+2.1%	$11.8B-0.3%	$11.9B+0.3%	$11.8B+3.9%	$11.4B+2.7%	$11.1B+1.1%	$11.0B
Current Liabilities	$764.5M+5.0%	$728.1M+21.6%	$598.8M-20.9%	$756.6M-22.4%	$974.7M+42.7%	$683.1M+8.6%	$629.1M-7.3%	$678.6M
Long-Term Debt	$8.1B+5.4%	$7.7B+0.9%	$7.6B+1.3%	$7.5B+2.1%	$7.4B+1.9%	$7.2B+3.1%	$7.0B+2.3%	$6.9B
Total Equity	$6.9B+0.6%	$6.8B+1.4%	$6.7B+4.0%	$6.5B+4.2%	$6.2B+0.3%	$6.2B+0.3%	$6.2B+1.4%	$6.1B
Retained Earnings	$2.3B+1.6%	$2.2B-0.2%	$2.2B+5.0%	$2.1B+9.9%	$1.9B+0.3%	$1.9B-1.0%	$2.0B+4.0%	$1.9B

WTRG Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$1.0B+31.2%	$770.3M-17.5%	$933.6M+55.5%	$600.3M-6.9%	$644.7M+26.9%	$508.0M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$1.5B-29.9%	-$1.2B+4.8%	-$1.2B-3.7%	-$1.2B-11.6%	-$1.1B+75.6%	-$4.3B
Financing Cash Flow	$525.9M+32.3%	$397.5M+41.3%	$281.4M-51.4%	$578.8M+38.8%	$417.1M-78.7%	$2.0B
Dividends Paid	$373.8M+7.9%	$346.4M+9.3%	$316.8M+9.8%	$288.6M+11.6%	$258.6M+11.2%	$232.6M
Share Buybacks	$2.3M-43.6%	$4.0M+1.7%	$4.0M+234.0%	$1.2M-63.8%	$3.3M-24.6%	$4.4M

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Operating Cash Flow	$206.1M-11.4%	$232.5M-14.6%	$272.3M-9.1%	$299.5M+102.6%	$147.8M-24.6%	$196.1M+5.6%	$185.7M-22.8%	$240.7M
Capital Expenditures	$107.9M+21.5%	$88.8M+23.0%	$72.1M+20.6%	$59.8M-35.3%	$92.5M+14.6%	$80.7M+6.7%	$75.6M+28.0%	$59.1M
Free Cash Flow	-$17.4M-155.1%	$31.6M+494.1%	-$8.0M-126.6%	$30.1M+578.2%	-$6.3M-115.9%	$39.5M+857.4%	-$5.2M-117.4%	$29.9M
Investing Cash Flow	-$448.8M-4.6%	-$429.1M-24.4%	-$344.9M-19.8%	-$287.9M+27.5%	-$397.2M-3.5%	-$383.9M-29.9%	-$295.6M-241.8%	-$86.5M
Financing Cash Flow	$271.1M+52.4%	$177.9M+131.3%	$76.9M+854755.6%	-$9K-100.0%	$250.1M+40.9%	$177.5M+89.7%	$93.5M+175.6%	-$123.6M
Dividends Paid	$96.9M+0.8%	$96.2M+5.4%	$91.3M+2.0%	$89.5M+0.1%	$89.4M+0.3%	$89.1M+6.0%	$84.0M+0.1%	$83.9M
Share Buybacks	$9K-76.3%	$38K+1166.7%	$3K-99.9%	$2.2M+23.2%	$1.8M+90600.0%	$2K+100.0%	$1K-100.0%	$2.2M

WTRG Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	37.2%+0.9pp	36.3%+2.6pp	33.7%+4.8pp	28.9%-3.2pp	32.1%+2.4pp	29.7%
Net Margin	24.9%-3.6pp	28.5%+4.3pp	24.3%+3.9pp	20.3%-2.6pp	23.0%+3.5pp	19.5%
Return on Equity	9.0%-0.6pp	9.6%+1.1pp	8.5%-0.2pp	8.6%+0.3pp	8.3%+2.3pp	6.1%
Return on Assets	3.2%-0.1pp	3.3%+0.3pp	3.0%0.0pp	3.0%+0.0pp	2.9%+0.9pp	2.1%
Current Ratio	0.80+0.3	0.50-0.1	0.62-0.0	0.640.0	0.65+0.0	0.63
Debt-to-Equity	1.180.0	1.19+0.0	1.16-0.0	1.18+0.1	1.11-0.1	1.18
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	32.5%-3.1pp	35.6%-0.4pp	36.0%-7.3pp	43.3%+5.8pp	37.5%+1.9pp	35.6%+2.2pp	33.4%-4.3pp	37.7%
Net Margin	19.0%-0.3pp	19.3%-1.6pp	20.9%-15.3pp	36.2%+5.6pp	30.6%+14.6pp	16.0%-1.4pp	17.3%-26.1pp	43.4%
Return on Equity	1.9%+0.6pp	1.4%-0.3pp	1.6%-2.8pp	4.4%+1.4pp	3.0%+1.9pp	1.1%-0.1pp	1.2%-3.1pp	4.4%
Return on Assets	0.7%+0.2pp	0.5%-0.1pp	0.6%-1.0pp	1.6%+0.5pp	1.0%+0.6pp	0.4%-0.0pp	0.4%-1.1pp	1.6%
Current Ratio	0.80+0.2	0.60-0.1	0.73+0.1	0.65+0.2	0.50-0.0	0.55-0.0	0.58-0.0	0.62
Debt-to-Equity	1.18+0.1	1.130.0	1.13-0.0	1.16-0.0	1.19+0.0	1.17+0.0	1.14+0.0	1.13
FCF Margin	-9.1%-24.1pp	15.0%+19.1pp	-4.1%-20.6pp	16.5%+19.9pp	-3.4%-22.9pp	19.5%+22.2pp	-2.7%-19.4pp	16.8%

Note: The current ratio is below 1.0 (0.80), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

What is Essential Utilities Inc's annual revenue?

Essential Utilities Inc (WTRG) reported $2.5B in total revenue for fiscal year 2025. This represents a 18.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Essential Utilities Inc's revenue growing?

Essential Utilities Inc (WTRG) revenue grew by 18.6% year-over-year, from $2.1B to $2.5B in fiscal year 2025.

Is Essential Utilities Inc profitable?

Yes, Essential Utilities Inc (WTRG) reported a net income of $616.4M in fiscal year 2025, with a net profit margin of 24.9%.

What is Essential Utilities Inc's earnings per share (EPS)?

Essential Utilities Inc (WTRG) reported diluted earnings per share of $2.20 for fiscal year 2025. This represents a 1.4% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Essential Utilities Inc's EBITDA?

Essential Utilities Inc (WTRG) had EBITDA of $1.3B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Essential Utilities Inc have?

As of fiscal year 2025, Essential Utilities Inc (WTRG) had $34.8M in cash and equivalents against $8.1B in long-term debt.

What is Essential Utilities Inc's operating margin?

Essential Utilities Inc (WTRG) had an operating margin of 37.2% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Essential Utilities Inc's net profit margin?

Essential Utilities Inc (WTRG) had a net profit margin of 24.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Essential Utilities Inc pay dividends?

Yes, Essential Utilities Inc (WTRG) paid $1.34 per share in dividends during fiscal year 2025.

What is Essential Utilities Inc's return on equity (ROE)?

Essential Utilities Inc (WTRG) has a return on equity of 9.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Essential Utilities Inc's operating cash flow?

Essential Utilities Inc (WTRG) generated $1.0B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Essential Utilities Inc's total assets?

Essential Utilities Inc (WTRG) had $19.5B in total assets as of fiscal year 2025, including both current and long-term assets.

Does Essential Utilities Inc buy back shares?

Yes, Essential Utilities Inc (WTRG) spent $2.3M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

What is Essential Utilities Inc's current ratio?

Essential Utilities Inc (WTRG) had a current ratio of 0.80 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

What is Essential Utilities Inc's debt-to-equity ratio?

Essential Utilities Inc (WTRG) had a debt-to-equity ratio of 1.18 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Essential Utilities Inc's return on assets (ROA)?

Essential Utilities Inc (WTRG) had a return on assets of 3.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Essential Utilities Inc's Altman Z-Score?

Essential Utilities Inc (WTRG) has an Altman Z-Score of 0.98, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Essential Utilities Inc's Piotroski F-Score?

Essential Utilities Inc (WTRG) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Essential Utilities Inc's earnings high quality?

Essential Utilities Inc (WTRG) has an earnings quality ratio of 1.64x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Essential Utilities Inc cover its interest payments?

Essential Utilities Inc (WTRG) has an interest coverage ratio of 2.8x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Essential Utilities Inc?

Essential Utilities Inc (WTRG) scores 59 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.