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

Essential Utilities, Inc. (WTRG) reported diluted earnings per share of $5.69 for fiscal year 2025. This represents a 5.6% 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.

Essential Utilities, Inc. (WTRG) Financials

WTRG

FY2025 annual

Revenue $5.1B +10.1% YoY

Net Income $1.1B +5.7% YoY

EPS (Diluted) $5.69 +5.6% YoY

Free Cash Flow -$1.1B -31.6% YoY

Market Cap $11.8B as of Sep 14, 2026

Price / Sales 2.3x on $5.2B revenue, trailing 12 months to June 30, 2026

Price / Earnings 11.2x on $1.0B net income, trailing 12 months to June 30, 2026

Price / Book 1.7x on $7.0B equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 14, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Aug 5, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 5, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the WTRG SEC filings page.

Essential Utilities, Inc. (WTRG) reported $5.1B in revenue for fiscal year 2025, up 10.1% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).

Rhea AI WTRG FY2025 2026-08-29

Essential Utilities converts operating earnings into cash, but heavy infrastructure reinvestment keeps free cash flow structurally negative.

The company’s cash economics are more capital-intensive than its profit margins suggest: operating cash flow rose from $1.87B in FY2023 to $2.06B in FY2025, yet free cash flow moved from -$701M to -$1.07B as capital spending outpaced internally generated cash. That pattern means reported earnings are being converted into operating cash, but the cash is being absorbed by continued asset investment rather than remaining available after reinvestment.

Operating profitability improved while bottom-line conversion softened: operating margin increased from 35.7% to 36.7% between FY2023 and FY2025, while net margin declined from 22.4% to 21.7%. Interest expense rose from $283M to $329M, helping explain why operating gains did not pass through proportionally to net income.

The balance sheet combines substantial leverage with tight short-term coverage: debt-to-equity was 1.2x in FY2025 while the current ratio was only 0.8x, meaning current liabilities exceeded current assets. Positive financing cash flow of $1.25B alongside negative free cash flow indicates that external capital participates in funding the investment cycle.

Financial Health Signals

Financial Health Score 66/100

Scored as: Utilities peer group

Scored against utilities for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Essential Utilities, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Essential Utilities, Inc. has an operating margin of 36.7%, meaning the company retains $37 of operating profit per $100 of revenue. This strong profitability earns a score of 91/100, reflecting efficient cost management and pricing power. This is down from 36.9% the prior year.

Growth

Essential Utilities, Inc.'s revenue grew 10.1% year-over-year to $5.1B, a solid pace of expansion. This earns a growth score of 83/100.

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 71/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Essential Utilities, Inc.'s current ratio of 0.80 indicates adequate short-term liquidity, earning a score of 51/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

While Essential Utilities, Inc. generated $2.1B in operating cash flow, capex of $3.1B consumed most of it, leaving -$1.1B in free cash flow. This results in a low score of 25/100, reflecting heavy capital investment rather than weak cash generation.

Returns

Essential Utilities, Inc. earns a strong 16.2% return on equity (ROE), meaning it generates $16 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 73/100. This is down from 17.0% the prior year.

Altman Z-Score Distress

1.30

Essential Utilities, Inc. scores 1.30, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

6/8

Essential Utilities, Inc. passes 6 of 8 computable financial strength tests (1 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed

1.85x

For every $1 of reported earnings, Essential Utilities, Inc. generates $1.85 in operating cash flow ($2.1B OCF vs $1.1B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Safe

5.71x

Essential Utilities, Inc. earns $5.71 in operating income for every $1 of interest expense ($1.9B vs $329.1M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Earnings & Revenue

Revenue

$530.9M

YoY+3.1%

QoQ-38.4%

5Y CAGR+6.0%

10Y CAGR+10.0%

Essential Utilities, Inc. generated $530.9M in revenue in Q2 2026. This represents an increase of 3.1% from the same quarter a year earlier. Against the prior quarter it is down 38.4%.

EBITDA

$306.6M

YoY+6.2%

QoQ-27.2%

5Y CAGR+8.5%

10Y CAGR+10.3%

Essential Utilities, Inc.'s EBITDA was $306.6M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 6.2% from the same quarter a year earlier. Against the prior quarter it is down 27.2%.

Net Income

$105.7M

YoY-1.9%

QoQ-52.9%

5Y CAGR+5.5%

10Y CAGR+5.9%

Essential Utilities, Inc. reported $105.7M in net income in Q2 2026. This represents a decrease of 1.9% from the same quarter a year earlier. Against the prior quarter it is down 52.9%.

EPS (Diluted)

$0.37

YoY-2.6%

QoQ-53.2%

5Y CAGR+2.9%

10Y CAGR+1.2%

Essential Utilities, Inc. earned $0.37 per diluted share (EPS) in Q2 2026. This represents a decrease of 2.6% from the same quarter a year earlier. Against the prior quarter it is down 53.2%.

Cash & Balance Sheet

Cash & Debt

$8.6M

YoY-65.6%

QoQ-88.6%

5Y CAGR+0.5%

10Y CAGR+5.8%

Essential Utilities, Inc. held $8.6M in cash against $8.4B in long-term debt as of Q2 2026.

Dividends Per Share

$0.34

YoY+5.3%

QoQ0.0%

Essential Utilities, Inc. paid $0.34 per share in dividends in Q2 2026. This represents an increase of 5.3% from the same quarter a year earlier. It is unchanged from the prior quarter.

Shares Outstanding

284M

YoY+1.2%

QoQ+0.1%

5Y CAGR+2.9%

10Y CAGR+4.8%

Essential Utilities, Inc. had 284M shares outstanding in Q2 2026. This represents an increase of 1.2% from the same quarter a year earlier. Against the prior quarter it is up 0.1%.

Free Cash Flow

Not reported for Q2 2026.

Margins & Returns

Operating Margin

36.4%

YoY+0.4pp

QoQ+0.4pp

5Y change+3.8pp

10Y change-4.5pp

Essential Utilities, Inc.'s operating margin was 36.4% in Q2 2026, reflecting core business profitability. This is up 0.4 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.4 percentage points.

Net Margin

19.9%

YoY-1.0pp

QoQ-6.1pp

5Y change-0.5pp

10Y change-9.3pp

Essential Utilities, Inc.'s net profit margin was 19.9% in Q2 2026, showing the share of revenue converted to profit. This is down 1.0 percentage points from the same quarter a year earlier. Against the prior quarter it is down 6.1 percentage points.

Return on Equity

1.5%

YoY-0.1pp

QoQ-1.7pp

5Y change-0.2pp

10Y change-1.8pp

Essential Utilities, Inc.'s ROE was 1.5% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 0.1 percentage points from the same quarter a year earlier. Against the prior quarter it is down 1.7 percentage points.

Gross Margin

Not reported for Q2 2026.

Capital Allocation

Share Buybacks

$20K

YoY+566.7%

QoQ-99.3%

5Y CAGR+3.3%

10Y CAGR-4.6%

Essential Utilities, Inc. spent $20K on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. This represents an increase of 566.7% from the same quarter a year earlier. Against the prior quarter it is down 99.3%.

R&D Spending

Not reported for Q2 2026.

Capital Expenditures

Not reported for Q2 2026.

WTRG Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

WTRG quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$5.2B	$5.1B+10.1%	$4.7B+10.3%	$4.2B+84.3%	$2.3B+21.8%	$1.9B+28.4%	$1.5B+64.4%	$889.7M+6.2%	$838.1M+3.5%	$809.5M-1.3%	$819.9M+0.7%	$814.2M+4.4%	$779.9M+2.4%	$761.9M+1.5%	$750.7M+10.3%	$680.7M
Operating Income	$1.9B	$1.9B+9.4%	$1.7B+14.2%	$1.5B+127.5%	$661.2M+9.7%	$602.7M+38.7%	$434.7M+27.8%	$340.2M+5.3%	$323.2M-3.2%	$333.9M+0.2%	$333.3M+3.8%	$321.1M+2.1%	$314.4M+4.2%	$301.7M-5.0%	$317.6M+13.1%	$280.8M
EBITDA	N/A	$2.8B+10.7%	$2.5B+13.5%	$2.2B+124.8%	$982.4M+9.1%	$900.7M+30.2%	$691.7M+39.3%	$496.6M+5.7%	$469.9M-0.2%	$470.6M+0.9%	$466.3M+3.7%	$449.8M+2.0%	$440.9M+3.6%	$425.6M-1.9%	$433.8M+11.5%	$389.1M
Interest Expense	$343.6M	$329.1M+8.8%	$302.5M+6.7%	$283.4M+19.0%	$238.1M+14.6%	$207.7M+10.2%	$188.4M+50.3%	$125.4M+26.6%	$99.1M+11.9%	$88.5M+9.9%	$80.6M+5.3%	$76.5M+0.2%	$76.4M-1.2%	$77.3M-0.6%	$77.8M-0.1%	$77.8M
Income Tax	$336.8M	$311.0M+1.0%	$308.0M+22.2%	$252.0M+1858.7%	-$14.3M-49.1%	-$9.6M+51.6%	-$19.9M-52.7%	-$13.0M+4.8%	-$13.7M-180.8%	$16.9M-19.4%	$21.0M+40.2%	$15.0M-40.7%	$25.2M+18.8%	$21.2M-67.4%	$65.2M-3.5%	$67.6M
Net Income	$1.0B	$1.1B+5.7%	$1.1B+11.3%	$944.0M+102.9%	$465.2M+7.8%	$431.6M+51.5%	$284.8M+26.9%	$224.5M+17.0%	$192.0M-19.9%	$239.7M+2.4%	$234.2M+16.1%	$201.8M-13.5%	$233.2M+5.4%	$221.3M+12.6%	$196.6M+37.4%	$143.1M
EPS (Basic)	N/A	$5.69+5.6%	$5.39+10.0%	$4.90+176.8%	$1.77+5.4%	$1.68+47.4%	$1.14+9.6%	$1.04-3.7%	$1.08-20.0%	$1.35+2.3%	$1.32+15.8%	$1.14-13.6%	$1.32+4.8%	$1.26+11.5%	$1.13+36.1%	$0.83
EPS (Diluted)	$1.96	$5.69+5.6%	$5.39+10.0%	$4.90+176.8%	$1.77+6.0%	$1.67+49.1%	$1.12+7.7%	$1.04-3.7%	$1.08-20.0%	$1.35+2.3%	$1.32+15.8%	$1.14-13.0%	$1.31+4.8%	$1.25+11.6%	$1.12+34.9%	$0.83
Diluted Shares (Avg)	N/A	195M0.0%	195M+1.0%	193M-26.6%	263M+1.8%	258M+1.4%	255M+17.9%	216M+21.0%	178M+0.1%	178M+0.2%	178M+0.2%	178M-0.1%	178M+0.5%	177M+1.1%	175M+0.9%	173M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'248-K	Q3'2410-Q
Revenue	$530.9M+3.1%	$861.8M+10.0%	$3.3B+5.5%	$477.0M+9.6%	$514.9M+18.5%	$783.6M+28.0%	$3.2B+20.0%	$435.3M+5.8%
Operating Income	$193.3M+4.3%	$310.6M-8.3%	$1.2B-0.2%	$169.8M+9.5%	$185.3M+27.5%	$338.9M+46.9%	$1.2B+20.4%	$155.1M+12.9%
EBITDA	$306.6M+6.2%	$421.4M-3.9%	$1.8B+3.9%	$276.8M+11.8%	$288.8M+22.4%	$438.3M+36.8%	$1.7B+18.7%	$247.7M+10.9%
Interest Expense	$89.1M+11.7%	$87.3M+6.4%	$84.9M+7.1%	$82.3M+7.1%	$79.8M+9.3%	$82.1M+12.0%	$79.3M+8.8%	$76.8M+12.0%
Income Tax	$3.4M-25.8%	$6.4M+131.0%	$322.7M+7.2%	$4.3M-72.9%	$4.6M+145.3%	-$20.6M-93.5%	$300.9M+4.6%	$15.8M+526.8%
Net Income	$105.7M-1.9%	$224.4M-20.9%	$627.3M-2.1%	$92.1M+32.7%	$107.8M+43.0%	$283.8M+6.8%	$640.4M+10.2%	$69.4M-13.3%
EPS (Basic)	$0.37-2.6%	$0.79-23.3%	$0.47-29.9%	$0.33+32.0%	$0.38+35.7%	$1.03+6.2%	$0.67+36.7%	$0.25-16.7%
EPS (Diluted)	$0.37-2.6%	$0.79-23.3%	$0.47-29.9%	$0.33+32.0%	$0.38+35.7%	$1.03+6.2%	$0.67+36.7%	$0.25-16.7%
Diluted Shares (Avg)	284M+1.2%	284M+2.9%	N/A	282M+2.8%	281M+2.5%	276M+0.7%	N/A	275M+2.8%

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses.

WTRG Balance Sheet

WTRG quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$19.5B-40.7%	$32.8B+8.4%	$30.3B+92.7%	$15.7B+7.2%	$14.7B+7.0%	$13.7B+46.4%	$9.4B+34.4%	$7.0B+10.0%	$6.3B+2.8%	$6.2B+7.7%	$5.7B+6.2%	$5.4B+7.1%	$5.0B+4.0%	$4.8B+11.2%	$4.3B
Current Assets	$610.4M-49.8%	$1.2B+147.0%	$492.0M-25.2%	$658.2M+50.3%	$437.8M+15.1%	$380.2M-81.1%	$2.0B+1269.2%	$147.2M+12.1%	$131.2M+2.0%	$128.7M+0.2%	$128.4M-15.8%	$152.5M-24.1%	$200.9M-23.0%	$260.9M-35.6%	$405.4M
Cash & Equivalents	$34.8M-63.8%	$96.0M+1981.5%	$4.6M-59.5%	$11.4M+7.9%	$10.6M+118.9%	$4.8M-99.7%	$1.9B+51428.0%	$3.6M-13.7%	$4.2M+11.7%	$3.8M+16.5%	$3.2M-22.0%	$4.1M-18.2%	$5.1M-8.4%	$5.5M-32.7%	$8.2M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	$18.4M+16.0%	$15.8M+10.3%	$14.4M+10.8%	$13.0M+4.4%	$12.4M-2.9%	$12.8M+12.6%	$11.4M-3.4%	$11.8M+6.7%	$11.0M
Accounts Receivable	$217.2M-47.8%	$416.0M+188.3%	$144.3M-30.1%	$206.3M+46.3%	$141.0M-8.9%	$154.8M+130.5%	$67.1M+2.0%	$65.8M-33.2%	$98.6M+1.2%	$97.4M-1.8%	$99.1M+2.2%	$97.0M+2.4%	$94.7M+1.9%	$92.9M+23.0%	$75.5M
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$2.3B+105.3%	$1.1B+0.1%	$1.1B-51.2%	$2.3B0.0%	$2.3B+0.7%	$2.3B+3542.2%	$63.8M+21.0%	$52.7M+24.9%	$42.2M+0.1%	$42.2M+24.6%	$33.9M+8.6%	$31.2M+10.5%	$28.2M+0.3%	$28.2M+4.5%	$26.9M
Total Liabilities	$12.6B-52.7%	$26.6B+29.9%	$20.5B+155.4%	$8.0B-15.3%	$9.5B+5.0%	$9.0B+64.6%	$5.5B+10.6%	$5.0B+13.3%	$4.4B+1.5%	$4.3B+7.9%	$4.0B+7.1%	$3.7B+6.7%	$3.5B+1.3%	$3.4B+11.3%	$3.1B
Current Liabilities	$764.5M-75.7%	$3.1B+294.8%	$797.9M-21.9%	$1.0B+51.4%	$675.1M+11.8%	$603.9M+86.7%	$323.5M-18.9%	$399.0M+40.2%	$284.5M-5.7%	$301.5M+56.1%	$193.2M-14.3%	$225.3M-19.5%	$279.9M+2.1%	$274.2M-38.6%	$446.8M
Non-Current Liabilities	$11.8B-49.6%	$23.5B+19.2%	$19.7B+181.3%	$7.0B-20.4%	$8.8B+4.5%	$8.4B+63.2%	$5.2B+229.2%	$1.6B-61.7%	$4.1B+2.1%	$4.0B+5.5%	$3.8B+158.9%	$1.5B+12.6%	$1.3B+9.1%	$1.2B+44.6%	$826.2M
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+87.1%	$2.9B+22.7%	$2.4B+19.5%	$2.0B+15.5%	$1.7B+1.0%	$1.7B+10.2%	$1.6B+6.3%	$1.5B-4.9%	$1.5B+10.6%	$1.4B
Total Equity	$6.9B+10.6%	$6.2B-36.7%	$9.8B+27.3%	$7.7B+48.4%	$5.2B+10.7%	$4.7B+20.7%	$3.9B+93.1%	$2.0B+2.6%	$2.0B+5.8%	$1.9B+7.2%	$1.7B+4.3%	$1.7B+7.9%	$1.5B+10.8%	$1.4B+10.7%	$1.3B
Retained Earnings	$2.3B+8.0%	$2.1B+23.7%	$1.7B+11.2%	$1.5B+7.0%	$1.4B+13.7%	$1.3B+4.3%	$1.2B+3.1%	$1.2B+3.7%	$1.1B+9.7%	$1.0B+11.1%	$930.1M+9.4%	$850.0M+16.5%	$729.3M+19.3%	$611.3M+20.3%	$508.3M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'248-K	Q3'2410-Q
Total Assets	$19.9B+7.5%	$19.8B+7.9%	$19.5B-40.7%	$18.9B+7.6%	$18.6B+7.5%	$18.3B+7.5%	$32.8B+8.4%	$17.6B+6.9%
Current Assets	$465.3M+5.9%	$622.6M+25.9%	$610.4M-49.8%	$433.6M+15.9%	$439.4M+21.1%	$494.5M+17.9%	$1.2B+147.0%	$373.9M-8.7%
Cash & Equivalents	$8.6M-65.6%	$75.9M+265.3%	$34.8M-63.8%	$6.4M-24.2%	$25.1M+33.2%	$20.8M-41.0%	$96.0M+1981.5%	$8.4M-0.8%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Accounts Receivable	$207.8M+4.7%	$287.3M+17.5%	$217.2M-47.8%	$154.7M+24.0%	$198.5M+42.0%	$244.4M+48.5%	$416.0M+188.3%	$124.8M-6.7%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$2.3B+0.4%	$2.3B+0.4%	$2.3B+105.3%	$2.3B+0.3%	$2.3B0.0%	$2.3B0.0%	$1.1B+0.1%	$2.3B0.0%
Total Liabilities	$12.9B+9.2%	$12.9B+8.6%	$12.6B-52.7%	$12.1B+6.1%	$11.8B+6.7%	$11.9B+8.1%	$26.6B+29.9%	$11.4B+8.3%
Current Liabilities	$599.0M0.0%	$654.4M-13.5%	$764.5M-75.7%	$728.1M+6.6%	$598.8M-4.8%	$756.6M+11.5%	$3.1B+294.8%	$683.1M-23.8%
Non-Current Liabilities	$12.3B+9.7%	$12.2B+10.1%	$11.8B-49.6%	$11.3B+6.1%	$11.2B+7.4%	$11.1B+7.9%	$23.5B+19.2%	$10.7B+11.3%
Long-Term Debt	$8.4B+10.5%	$8.4B+11.1%	$8.1B+10.1%	$7.7B+6.4%	$7.6B+8.7%	$7.5B+9.8%	$7.4B+7.9%	$7.2B+12.0%
Total Equity	$7.0B+4.4%	$6.9B+6.7%	$6.9B+10.6%	$6.8B+10.3%	$6.7B+9.0%	$6.5B+6.2%	$6.2B-36.7%	$6.2B+4.4%
Retained Earnings	$2.4B+7.4%	$2.3B+7.8%	$2.3B+8.0%	$2.2B+15.5%	$2.2B+14.5%	$2.1B+13.5%	$2.1B+23.7%	$1.9B+11.8%

Not reported in any period shown, so not listed: Inventory.

WTRG Cash Flow Statement

WTRG quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$2.1B	$2.1B+0.7%	$2.0B+9.1%	$1.9B+212.2%	$600.3M-6.9%	$644.7M+26.9%	$508.0M+50.1%	$338.5M-8.1%	$368.5M-3.4%	$381.3M-3.7%	$396.2M+6.8%	$370.8M+1.6%	$364.9M-0.3%	$365.8M-0.7%	$368.4M+0.4%	$366.8M
Depreciation & Amortization	N/A	$894.0M+13.5%	$788.0M+11.9%	$704.0M+119.2%	$321.2M+7.8%	$298.0M+15.9%	$257.1M+64.3%	$156.5M+6.7%	$146.7M+7.3%	$136.7M+2.8%	$133.0M+3.3%	$128.7M+1.7%	$126.5M+2.1%	$124.0M+6.7%	$116.2M+7.3%	$108.3M
Stock-Based Compensation	N/A	$12.9M+31.4%	$9.8M-13.6%	$11.3M-7.2%	$12.2M+21.1%	$10.1M+23.5%	$8.2M+10.7%	$7.4M-2.6%	$7.6M+19.3%	$6.3M+17.7%	$5.4M-8.0%	$5.9M-14.1%	$6.8M+34.6%	$5.1M-8.7%	$5.5M+44.1%	$3.9M
Capital Expenditures	N/A	$3.1B+9.5%	$2.9B+10.9%	$2.6B	N/A	N/A	N/A	N/A	$495.7M+3.7%	$478.1M+24.8%	$383.0M+5.0%	$364.7M+11.0%	$328.6M+6.7%	$307.9M-11.3%	$347.1M+7.0%	$324.4M
Free Cash Flow	N/A	-$1.1B-31.6%	-$811.0M-15.7%	-$701.0M	N/A	N/A	N/A	N/A	-$127.2M-31.5%	-$96.8M-835.0%	$13.2M+115.7%	$6.1M-83.2%	$36.3M-37.3%	$57.9M+171.7%	$21.3M-49.8%	$42.5M
Investing Cash Flow	-$3.3B	-$3.3B+2.1%	-$3.4B-20.0%	-$2.8B-138.9%	-$1.2B-11.6%	-$1.1B+75.6%	-$4.3B-616.8%	-$604.6M+5.5%	-$639.8M-33.2%	-$480.4M-25.4%	-$383.2M+2.8%	-$394.1M-34.7%	-$292.5M-32.0%	-$221.6M+39.2%	-$364.7M-28.0%	-$284.9M
Financing Cash Flow	$1.2B	$1.2B+12.5%	$1.1B-6.6%	$1.2B+105.2%	$578.8M+38.8%	$417.1M-78.7%	$2.0B-8.0%	$2.1B+687.3%	$270.7M+172.1%	$99.5M+901.2%	-$12.4M-155.5%	$22.4M+131.0%	-$72.2M+50.8%	-$146.7M-2187.1%	-$6.4M+91.9%	-$79.7M
Dividends Paid	$646.5M	$633.0M+8.2%	$585.0M+10.0%	$532.0M+84.3%	$288.6M+11.6%	$258.6M+11.2%	$232.6M+23.4%	$188.5M+25.1%	$150.7M+7.2%	$140.7M+7.4%	$130.9M+8.0%	$121.2M+8.2%	$112.1M+9.0%	$102.9M+10.1%	$93.4M+7.2%	$87.1M
Share Buybacks	$3.0M	$2.3M-43.6%	$4.0M+1.7%	$4.0M+234.0%	$1.2M-63.8%	$3.3M-24.6%	$4.4M+133.8%	$1.9M-26.9%	$2.6M+17.9%	$2.2M-28.4%	$3.0M-88.0%	$25.2M+60.2%	$15.8M+22.9%	$12.8M+775.9%	$1.5M+25.9%	$1.2M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'248-K	Q3'2410-Q
Operating Cash Flow	$323.6M+18.8%	$265.4M-11.4%	$1.3B-11.8%	$232.5M+18.6%	$272.3M+46.6%	$299.5M+24.4%	$1.4B+33.0%	$196.1M+7.1%
Depreciation & Amortization	$113.3M+9.4%	$110.7M+11.4%	$584.0M+13.4%	$107.1M+15.6%	$103.5M+14.2%	$99.4M+10.7%	$514.9M+14.8%	$92.6M+7.6%
Stock-Based Compensation	N/A	$2.7M+2.8%	N/A	N/A	N/A	$2.6M+145.4%	N/A	N/A
Investing Cash Flow	-$398.5M-15.5%	-$267.5M+7.1%	-$2.2B+14.0%	-$429.1M-11.8%	-$344.9M-16.7%	-$287.9M-232.9%	-$2.6B-37.8%	-$383.9M-10.9%
Financing Cash Flow	$7.6M-90.1%	$43.2M+480144.4%	$994.2M+3.3%	$177.9M+0.2%	$76.9M-17.8%	-$9K+100.0%	$962.6M-10.6%	$177.5M+10.9%
Dividends Paid	$97.2M+6.5%	$97.0M+8.4%	$356.1M+8.6%	$96.2M+7.9%	$91.3M+8.6%	$89.5M+6.6%	$328.0M+9.7%	$89.1M+9.7%
Share Buybacks	$20K+566.7%	$2.9M+30.9%	$9K-99.5%	$38K+1800.0%	$3K+200.0%	$2.2M+0.1%	$1.8M+6876.9%	$2K0.0%

Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow.

WTRG Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

WTRG quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Margin	36.7%-0.2pp	36.9%+1.2pp	35.7%+6.8pp	28.9%-3.2pp	32.1%+2.4pp	29.7%-8.5pp	38.2%-0.3pp	38.6%-2.7pp	41.3%+0.6pp	40.6%+1.2pp	39.4%-0.9pp	40.3%+0.7pp	39.6%-2.7pp	42.3%+1.1pp	41.3%
Net Margin	21.7%-0.9pp	22.6%+0.2pp	22.4%+2.1pp	20.3%-2.6pp	23.0%+3.5pp	19.5%-5.8pp	25.2%+2.3pp	22.9%-6.7pp	29.6%+1.0pp	28.6%+3.8pp	24.8%-5.1pp	29.9%+0.9pp	29.0%+2.9pp	26.2%+5.2pp	21.0%
Return on Equity	16.2%-0.8pp	17.0%+7.3pp	9.6%+3.6pp	6.0%-2.3pp	8.3%+2.3pp	6.1%+0.3pp	5.8%-3.8pp	9.6%-2.7pp	12.3%-0.4pp	12.7%+1.0pp	11.7%-2.4pp	14.1%-0.3pp	14.4%+0.2pp	14.2%+2.8pp	11.4%
Return on Assets	5.7%+2.5pp	3.2%+0.1pp	3.1%+0.2pp	3.0%0.0pp	2.9%+0.9pp	2.1%-0.3pp	2.4%-0.4pp	2.8%-1.0pp	3.8%0.0pp	3.8%+0.3pp	3.5%-0.8pp	4.3%-0.1pp	4.4%+0.3pp	4.1%+0.8pp	3.3%
Current Ratio	0.80+0.4x	0.39-0.2x	0.620.0x	0.640.0x	0.650.0x	0.63-5.6x	6.23+5.9x	0.37-0.1x	0.460.0x	0.43-0.2x	0.660.0x	0.680.0x	0.72-0.2x	0.950.0x	0.91
Debt-to-Equity	1.180.0x	1.19+0.5x	0.70-0.1x	0.83-0.3x	1.11-0.1x	1.18+0.4x	0.76-0.4x	1.19+0.2x	1.03+0.1x	0.94-0.1x	1.00+0.1x	0.940.0x	0.96-0.2x	1.110.0x	1.12
Asset Turnover	0.26+0.1x	0.140.0x	0.140.0x	0.150.0x	0.130.0x	0.110.0x	0.100.0x	0.120.0x	0.130.0x	0.130.0x	0.140.0x	0.140.0x	0.150.0x	0.160.0x	0.16
FCF Margin	-20.8%-3.4pp	-17.4%-0.8pp	-16.6%	N/A	N/A	N/A	N/A	-15.2%-3.2pp	-11.9%-13.6pp	1.6%+0.9pp	0.8%-3.9pp	4.7%-2.9pp	7.6%+4.8pp	2.8%-3.4pp	6.2%

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'248-K	Q3'2410-Q
Operating Margin	36.4%+0.4pp	36.0%-7.2pp	35.4%-2.0pp	35.6%0.0pp	36.0%+2.5pp	43.3%+5.6pp	37.4%+0.1pp	35.6%+2.2pp
Net Margin	19.9%-1.0pp	26.0%-10.2pp	18.8%-1.5pp	19.3%+3.4pp	20.9%+3.6pp	36.2%-7.2pp	20.2%-1.8pp	16.0%-3.5pp
Return on Equity	1.5%-0.1pp	3.3%-1.1pp	9.2%-1.2pp	1.4%+0.2pp	1.6%+0.4pp	4.4%0.0pp	10.3%+4.4pp	1.1%-0.2pp
Return on Assets	0.5%0.0pp	1.1%-0.4pp	3.2%+1.3pp	0.5%+0.1pp	0.6%+0.1pp	1.6%0.0pp	1.9%0.0pp	0.4%-0.1pp
Current Ratio	0.780.0x	0.95+0.3x	0.80+0.4x	0.600.0x	0.73+0.2x	0.650.0x	0.39-0.2x	0.55+0.1x
Debt-to-Equity	1.20+0.1x	1.210.0x	1.180.0x	1.130.0x	1.130.0x	1.160.0x	1.19+0.5x	1.17+0.1x
Asset Turnover	0.030.0x	0.040.0x	0.17+0.1x	0.030.0x	0.030.0x	0.040.0x	0.100.0x	0.020.0x

Not reported in any period shown, so not listed: Gross Margin, FCF Margin.

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

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Essential Utilities, Inc. WTRG	FY2025	$5.1B	$1.1B	21.7%	$11.8B	66/100
American Water Works Company, Inc AWK	FY2025	$5.1B	$1.1B	21.7%	$27.4B	53/100
Pinnacle West Capital Corporation PNW	FY2025	$5.3B	$631.6M	11.8%	$11.6B	43/100
American States Water Company AWR	FY2025	$658.1M	$130.4M	19.8%	$3.4B	74/100
California Water Service CWT	FY2025	$963.7M	$127.8M	13.3%	$3.0B	44/100
Oklo Inc. OKLO	FY2025	N/A	-$105.7M	N/A	$6.7B	—

Where Essential Utilities, Inc. Ranks

Frequently Asked Questions

What is Essential Utilities, Inc.'s annual revenue?

Essential Utilities, Inc. (WTRG) reported $5.1B in total revenue for fiscal year 2025. This represents a 10.1% 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 10.1% year-over-year, from $4.7B to $5.1B in fiscal year 2025.

Is Essential Utilities, Inc. profitable?

Yes, Essential Utilities, Inc. (WTRG) reported a net income of $1.1B in fiscal year 2025, with a net profit margin of 21.7%.

What is Essential Utilities, Inc.'s EBITDA?

Essential Utilities, Inc. (WTRG) had EBITDA of $2.8B 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 36.7% 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 21.7% 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 $3.31 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 16.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Essential Utilities, Inc.'s free cash flow?

Essential Utilities, Inc. (WTRG) recorded an outflow of $1.1B in free cash flow during fiscal year 2025. This represents a -31.6% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Essential Utilities, Inc.'s operating cash flow?

Essential Utilities, Inc. (WTRG) generated $2.1B 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.

What are Essential Utilities, Inc.'s capital expenditures?

Essential Utilities, Inc. (WTRG) invested $3.1B in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

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.

How many shares does Essential Utilities, Inc. have outstanding?

Essential Utilities, Inc. (WTRG) had 283M shares outstanding as of fiscal year 2025.

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 5.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Essential Utilities, Inc.'s P/E ratio?

Essential Utilities, Inc. (WTRG) trades at 11.2x earnings, its market capitalization divided by net income of $1.0B net income, trailing 12 months to June 30, 2026. The market capitalization is $11.8B as of Sep 14, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Essential Utilities, Inc.'s price-to-sales ratio?

Essential Utilities, Inc. (WTRG) trades at 2.3x sales, its market capitalization divided by revenue of $5.2B revenue, trailing 12 months to June 30, 2026. The market capitalization is $11.8B as of Sep 14, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

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

Essential Utilities, Inc. (WTRG) has an Altman Z-Score of 1.30, 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 6 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 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 1.85x, 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 5.71x, meaning it can comfortably 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 66 out of 100 on our Financial Health Score, indicating strong standing within its utilities peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.