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U.S. Water Industry Analysis

UpdatedJan 02, 2026
DataAggregated Company Financials
Companies17
  • 7D-0.3%
  • 3M-3.5%
  • 1Y3.9%
  • YTDn/a

In the last week, Water has been flat. As for the the longer term, the industry is up 3.9% over the past 12 months. Looking forward, earnings are forecast to grow by 8.5% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 03 Jan 2026US$46.8bUS$10.5bUS$2.2b21.5x20.9x4.5x
Mon, 01 Dec 2025US$47.1bUS$10.5bUS$2.2b21.9x21.1x4.5x
Wed, 29 Oct 2025US$52.5bUS$10.9bUS$2.1b23.4x25.1x4.8x
Fri, 26 Sep 2025US$51.5bUS$10.9bUS$2.1b22x24.5x4.7x
Sun, 24 Aug 2025US$51.4bUS$10.3bUS$2.2b22.7x23.6x5x
Tue, 22 Jul 2025US$48.7bUS$10.0bUS$2.1b22.6x23x4.9x
Thu, 19 Jun 2025US$48.5bUS$10.0bUS$2.1b23.4x22.9x4.8x
Sat, 17 May 2025US$48.7bUS$10.0bUS$2.1b24.1x23x4.9x
Mon, 14 Apr 2025US$50.2bUS$9.8bUS$2.1b21.3x23.5x5.2x
Wed, 12 Mar 2025US$51.4bUS$9.8bUS$2.1b19.7x23.9x5.3x
Fri, 07 Feb 2025US$44.1bUS$9.4bUS$2.0b21x21.8x4.7x
Sun, 05 Jan 2025US$44.4bUS$9.4bUS$2.0b22x21.9x4.7x
Tue, 03 Dec 2024US$49.3bUS$9.4bUS$2.0b24.2x24.4x5.2x
Thu, 31 Oct 2024US$48.1bUS$9.2bUS$2.0b22.3x24.4x5.2x
Sat, 28 Sep 2024US$49.5bUS$9.2bUS$2.0b23.5x25.2x5.4x
Mon, 26 Aug 2024US$49.4bUS$9.2bUS$2.0b23.9x25.1x5.4x
Wed, 24 Jul 2024US$50.0bUS$9.0bUS$2.0b23.9x25.4x5.5x
Fri, 21 Jun 2024US$45.6bUS$9.0bUS$2.0b21.2x23.2x5x
Sun, 19 May 2024US$48.1bUS$9.0bUS$2.0b23.9x24.5x5.3x
Tue, 16 Apr 2024US$41.6bUS$8.9bUS$1.8b21.2x23.3x4.7x
Thu, 14 Mar 2024US$43.2bUS$8.9bUS$1.8b23.8x24.4x4.8x
Sat, 10 Feb 2024US$44.0bUS$9.0bUS$1.7b24.1x25.4x4.9x
Mon, 08 Jan 2024US$47.5bUS$9.0bUS$1.7b26.6x27.4x5.3x
Wed, 06 Dec 2023US$48.2bUS$9.0bUS$1.7b28.3x27.9x5.3x
Fri, 03 Nov 2023US$43.5bUS$9.0bUS$1.7b25.9x25.4x4.8x
Sun, 01 Oct 2023US$44.5bUS$13.9bUS$2.6b26x17.4x3.2x
Tue, 29 Aug 2023US$49.7bUS$8.9bUS$1.7b28.9x29.3x5.6x
Thu, 27 Jul 2023US$52.8bUS$8.7bUS$1.6b33.6x32.9x6.1x
Sat, 24 Jun 2023US$51.2bUS$8.7bUS$1.6b35.2x32x5.9x
Mon, 22 May 2023US$50.9bUS$8.7bUS$1.6b32.9x31.8x5.8x
Wed, 19 Apr 2023US$52.8bUS$8.5bUS$1.6b33.2x32.9x6.2x
Fri, 17 Mar 2023US$51.7bUS$8.5bUS$1.6b32x32.1x6.1x
Sun, 12 Feb 2023US$52.3bUS$8.3bUS$2.1b35.4x25.2x6.3x
Tue, 10 Jan 2023US$54.5bUS$8.3bUS$2.1b33.3x26.2x6.6x
Price to Earnings Ratio

26.2x


Total Market Cap: US$54.5bTotal Earnings: US$2.1bTotal Revenue: US$8.3bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Water Industry Price to Earnings3Y Average 25.6x202420252026
Current Industry PE
  • Investors are pessimistic on the American Water Utilities industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 20.9x which is lower than its 3-year average PE of 25.6x.
  • The 3-year average PS ratio of 5.2x 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 grown 2.5% per year over the last three years.
  • Revenues for these companies have grown 8.1% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Comparison

How does U.S. Water compare with similar industries?

US Market-1.43%
Utilities-0.39%
Water Utilities-0.30%
Water-0.30%
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
HTO H2O AmericaUS$48.990.3%
+US$5.7m		1.5%PE16.1x

Latest News

CWCO
US$35.29
Consolidated Water
7D
-1.4%
1Y
35.2%

CWCO: New Wastewater Contract Will Support Future Margins And Share Gains

Analysts have nudged their price target on Consolidated Water slightly higher to 42.50 dollars from 42.50 dollars, citing a largely unchanged outlook for revenue growth, profit margins, and long term valuation multiples. What's in the News Won an 11.7 million dollar contract to build a wastewater recycling plant for a San Francisco Bay Area golf club, adding to the company’s backlog and reinforcing its presence in high value U.S. water infrastructure projects (Key Developments) The project will use membrane bioreactor technology to convert untreated wastewater into high quality recycled water suitable for irrigation, aligning with growing demand for sustainable water solutions (Key Developments) The plant’s design leverages precast concrete basins and prefabricated equipment buildings to lower construction costs and accelerate the project schedule, potentially supporting better project margins (Key Developments) Once operational, the facility is expected to save an estimated 36 to 38 million gallons of potable water annually by supplying recycled water for non potable use, reducing strain on local freshwater resources (Key Developments) The contract was secured by subsidiary PERC Water Corporation, with design by long term partner PACE Advanced Water Engineering, underscoring Consolidated Water’s established network and technical expertise in engineered water solutions (Key Developments) Valuation Changes Fair Value: Unchanged at 42.50 dollars per share, indicating no material reassessment of long term intrinsic value.
WTRG
US$38.36
Essential Utilities
7D
-0.5%
1Y
6.1%

WTRG: All Stock Merger Premium Will Drive Long Term Upside Outlook

We trim our analyst price target for Essential Utilities to $43.00 from $43.71 as analysts recalibrate expectations following multiple downgrades tied to the announced all stock merger with American Water. Despite solid long term fundamentals, the deal is viewed as offering a relatively modest headline premium and a more balanced near term risk reward profile.
MSEX
US$50.42
Middlesex Water
7D
-2.0%
1Y
-2.5%
YORW
US$31.84
York Water
7D
-1.8%
1Y
-1.7%
CWT
US$43.33
California Water Service Group
7D
-0.2%
1Y
-3.2%

CWT: Stable Earnings Profile Will Support Attractive Future Share Price Upside

Analysts have reiterated their price target of $53.00 for California Water Service Group, citing stable assumptions for the discount rate, revenue growth, profit margins, and future valuation multiples that continue to support their prior fair value assessment. Valuation Changes Fair Value Estimate: unchanged at $53.00 per share, indicating no revision to the core valuation view.
CDZI
US$5.61
Cadiz
7D
-1.6%
1Y
9.6%

Cadiz: The Mojave Groundwater Bank Takes A Financing Step Closer To Reality

Dec 15
HTO
US$48.99
H2O America
7D
0.3%
1Y
1.5%
AWK
US$130.50
American Water Works Company
7D
-0.04%
1Y
5.4%
AWR
US$72.48
American States Water
7D
-0.8%
1Y
-5.1%