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U.S. Water Utilities Industry Analysis

UpdatedNov 14, 2025
DataAggregated Company Financials
Companies19
  • 7D0.3%
  • 3M-3.5%
  • 1Y-2.8%
  • YTD5.9%

In the last week, Water Utilities has been flat. Furthermore, the industry has been flat for the past year as well. As for the next few years, earnings are expected to grow by 13% per annum.

Industry Valuation and Performance

Has the U.S. Water Utilities Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 17 Nov 2025US$50.2bUS$11.1bUS$2.2b22.4x23.3x4.5x
Wed, 15 Oct 2025US$53.1bUS$10.9bUS$2.1b22.5x25.4x4.9x
Fri, 12 Sep 2025US$49.1bUS$10.3bUS$2.2b22.4x22.6x4.8x
Sun, 10 Aug 2025US$50.8bUS$10.3bUS$2.2b22.1x23.4x4.9x
Tue, 08 Jul 2025US$48.3bUS$10.0bUS$2.1b22.8x22.8x4.8x
Thu, 05 Jun 2025US$49.2bUS$10.0bUS$2.1b23.4x23.2x4.9x
Sat, 03 May 2025US$51.0bUS$9.8bUS$2.1b21.6x24.2x5.2x
Mon, 31 Mar 2025US$50.1bUS$9.8bUS$2.1b21.7x23.5x5.1x
Wed, 26 Feb 2025US$46.6bUS$9.6bUS$2.1b20.8x22.2x4.9x
Fri, 24 Jan 2025US$42.8bUS$9.4bUS$2.0b20.1x21.1x4.5x
Sun, 22 Dec 2024US$45.1bUS$9.4bUS$2.0b22.7x22.3x4.8x
Tue, 19 Nov 2024US$48.2bUS$9.4bUS$2.0b24.2x23.8x5.1x
Thu, 17 Oct 2024US$50.6bUS$9.2bUS$2.0b23.9x25.7x5.5x
Sat, 14 Sep 2024US$50.9bUS$9.2bUS$2.0b24.5x25.9x5.6x
Mon, 12 Aug 2024US$49.7bUS$9.2bUS$2.0b23.9x25.2x5.4x
Wed, 10 Jul 2024US$45.8bUS$9.0bUS$2.0b22x23.3x5.1x
Fri, 07 Jun 2024US$46.4bUS$9.0bUS$2.0b21.5x23.6x5.1x
Sun, 05 May 2024US$45.9bUS$9.0bUS$2.0b22.3x23.4x5.1x
Tue, 02 Apr 2024US$44.2bUS$8.9bUS$1.8b22.7x24.8x4.9x
Thu, 29 Feb 2024US$42.6bUS$8.9bUS$1.8b22.8x24.2x4.8x
Sat, 27 Jan 2024US$45.2bUS$9.0bUS$1.7b25.2x26.1x5x
Mon, 25 Dec 2023US$48.0bUS$9.0bUS$1.7b28x27.7x5.3x
Wed, 22 Nov 2023US$47.4bUS$9.0bUS$1.7b27.6x27.4x5.2x
Fri, 20 Oct 2023US$42.6bUS$8.9bUS$1.7b25.2x25.1x4.8x
Sun, 17 Sep 2023US$49.2bUS$8.9bUS$1.7b29.6x29x5.5x
Tue, 15 Aug 2023US$50.7bUS$8.9bUS$1.7b30x29.9x5.7x
Thu, 13 Jul 2023US$51.4bUS$8.7bUS$1.6b33.6x32.1x5.9x
Sat, 10 Jun 2023US$52.8bUS$8.7bUS$1.6b34.4x32.9x6.1x
Mon, 08 May 2023US$52.9bUS$8.6bUS$1.6b34.3x33.2x6.1x
Wed, 05 Apr 2023US$52.9bUS$8.5bUS$1.6b32.9x32.9x6.2x
Fri, 03 Mar 2023US$48.7bUS$8.5bUS$1.6b31.1x30.6x5.7x
Sun, 29 Jan 2023US$54.0bUS$8.3bUS$2.1b35.8x26x6.5x
Tue, 27 Dec 2022US$53.4bUS$8.3bUS$2.1b35x25.7x6.4x
Thu, 24 Nov 2022US$53.6bUS$8.3bUS$2.1b34.7x25.8x6.5x
Price to Earnings Ratio

25.8x


Total Market Cap: US$53.6bTotal Earnings: US$2.1bTotal Revenue: US$8.3bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Water Utilities Industry Price to Earnings3Y Average 25.8x202320242025
Current Industry PE
  • Investors are relatively neutral on the American Water Utilities industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 25.8x.
  • The 3-year average PS ratio of 5.3x is higher than the industry's current PS ratio of 4.5x.
Past Earnings Growth
  • The earnings for companies in the Water Utilities industry have remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have grown 10% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.

Industry Trends

Which industries have driven the changes within the U.S. Utilities industry?

US Market-0.39%
Utilities-1.29%
Water Utilities0.25%
Water0.25%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
AWK American Water Works CompanyUS$131.620.6%
+US$152.2m		-1.9%PE23.1x
CDZI CadizUS$5.206.1%
+US$30.3m		56.6%PS27x
WBI WaterBridge InfrastructureUS$24.741.7%
+US$18.2m		n/aPS1.7x
CWCO Consolidated WaterUS$35.762.7%
+US$15.3m		38.8%PE32.8x
WTRG Essential UtilitiesUS$39.670.05%
+US$5.7m		2.8%PE16.8x

Latest News

GWRS
US$8.91
Global Water Resources
7D
-11.4%
1Y
-30.8%

GWRS: Private Placement Participation Will Drive Expanded Earnings Visibility Ahead

Analysts have reduced their price target for Global Water Resources from $11.50 to $9.60. They cite ongoing pressures from higher operating expenses and increased uncertainty in future rate approvals.
CWCO
US$35.76
Consolidated Water
7D
2.7%
1Y
38.8%
PCYO
US$11.11
Pure Cycle
7D
1.0%
1Y
-15.2%
MSEX
US$52.50
Middlesex Water
7D
-0.4%
1Y
-20.2%
WTRG
US$39.67
Essential Utilities
7D
0.05%
1Y
2.8%

WTRG: All-Stock Merger Will Shape Earnings Outlook Amid Downgrades

Analysts have reduced their average price target for Essential Utilities to approximately $44 from prior levels near $47. They cite the company's recently announced all-stock merger with American Water as the primary driver behind the downgrade.
AWR
US$74.59
American States Water
7D
-0.3%
1Y
-12.3%
YORW
US$32.20
York Water
7D
0.4%
1Y
-10.2%
CWT
US$45.85
California Water Service Group
7D
-1.6%
1Y
-10.0%

CWT: Capital Investment Will Expand Regulated Base And Drive Long-Term Value

Narrative Update on California Water Service Group Analysts have lowered their price target for California Water Service Group from $55.50 to $53.00. This adjustment is based on updated expectations for slower profit growth, even though revenue projections have improved.
ARTN.A
US$32.15
Artesian Resources
7D
-0.9%
1Y
-6.9%

Artesian Resources' (NASDAQ:ARTN.A) Dividend Will Be Increased To $0.3136

Nov 03
Artesian Resources' (NASDAQ:ARTN.A) Dividend Will Be Increased To $0.3136
HTO
US$47.36
H2O America
7D
-0.7%
1Y
-13.6%
AWK
US$131.62
American Water Works Company
7D
0.6%
1Y
-1.9%
WBI
US$24.74
WaterBridge Infrastructure
7D
1.7%
1Y
n/a
CDZI
US$5.20
Cadiz
7D
6.1%
1Y
56.6%

Cadiz Inc.'s (NASDAQ:CDZI) P/S Is Still On The Mark Following 38% Share Price Bounce

Oct 11
Cadiz Inc.'s (NASDAQ:CDZI) P/S Is Still On The Mark Following 38% Share Price Bounce