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U.S. Water Industry Analysis

UpdatedOct 01, 2025
DataAggregated Company Financials
Companies19
  • 7D0.6%
  • 3M-1.4%
  • 1Y-6.9%
  • YTDn/a

Over the last 7 days, the Water industry has risen 2.7%, driven by gains from Essential Utilities of 2.7%. In the past year, the industry is down 4.2%. Earnings are forecast to grow by 8.3% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 02 Oct 2025US$52.1bUS$10.9bUS$2.1b22.3x24.8x4.8x
Sat, 30 Aug 2025US$50.6bUS$10.3bUS$2.2b22.3x23.3x4.9x
Mon, 28 Jul 2025US$47.9bUS$10.0bUS$2.1b21.7x22.6x4.8x
Wed, 25 Jun 2025US$49.1bUS$10.0bUS$2.1b23.7x23.2x4.9x
Fri, 23 May 2025US$49.6bUS$10.0bUS$2.1b23.8x23.4x5x
Sun, 20 Apr 2025US$51.3bUS$9.8bUS$2.1b21.5x24x5.3x
Tue, 18 Mar 2025US$49.9bUS$9.8bUS$2.1b19.3x23.3x5.1x
Thu, 13 Feb 2025US$44.4bUS$9.4bUS$2.0b20.4x21.9x4.7x
Sat, 11 Jan 2025US$43.4bUS$9.4bUS$2.0b20.7x21.4x4.6x
Mon, 09 Dec 2024US$47.6bUS$9.4bUS$2.0b23.5x23.5x5.1x
Wed, 06 Nov 2024US$48.0bUS$9.4bUS$2.0b23x23.8x5.1x
Fri, 04 Oct 2024US$50.5bUS$9.2bUS$2.0b22.9x25.7x5.5x
Sun, 01 Sep 2024US$50.1bUS$9.2bUS$2.0b24.4x25.5x5.5x
Tue, 30 Jul 2024US$50.3bUS$9.1bUS$2.0b24x25.6x5.6x
Thu, 27 Jun 2024US$45.6bUS$9.0bUS$2.0b21.7x23.2x5x
Sat, 25 May 2024US$45.9bUS$9.0bUS$2.0b22.8x23.4x5.1x
Mon, 22 Apr 2024US$42.6bUS$8.9bUS$1.8b21.5x23.9x4.8x
Wed, 20 Mar 2024US$42.8bUS$8.9bUS$1.8b21.8x24.1x4.8x
Fri, 16 Feb 2024US$43.6bUS$9.1bUS$1.8b24.4x24.8x4.8x
Sun, 14 Jan 2024US$47.8bUS$9.0bUS$1.7b26.6x27.6x5.3x
Tue, 12 Dec 2023US$47.4bUS$9.0bUS$1.7b27.9x27.4x5.2x
Thu, 09 Nov 2023US$46.1bUS$9.0bUS$1.7b27x26.6x5.1x
Sat, 07 Oct 2023US$62.6bUS$13.9bUS$2.6b25.9x24.4x4.5x
Mon, 04 Sep 2023US$48.7bUS$8.9bUS$1.7b29.1x28.7x5.5x
Wed, 02 Aug 2023US$51.7bUS$8.9bUS$1.7b32x31.1x5.8x
Fri, 30 Jun 2023US$50.3bUS$8.7bUS$1.6b35.9x31.4x5.8x
Sun, 28 May 2023US$51.8bUS$8.7bUS$1.6b33.7x32.3x5.9x
Tue, 25 Apr 2023US$53.8bUS$8.5bUS$1.6b33.4x33.5x6.3x
Thu, 23 Mar 2023US$49.4bUS$8.5bUS$1.6b31.4x30.7x5.8x
Sat, 18 Feb 2023US$52.5bUS$8.3bUS$1.6b35.9x33.3x6.3x
Mon, 16 Jan 2023US$54.9bUS$8.3bUS$2.1b34.1x26.4x6.6x
Wed, 14 Dec 2022US$55.2bUS$8.3bUS$2.1b35.7x26.6x6.6x
Fri, 11 Nov 2022US$52.0bUS$8.3bUS$2.1b35.3x25.1x6.3x
Sun, 09 Oct 2022US$44.7bUS$8.2bUS$2.0b32.5x22x5.5x
Price to Earnings Ratio

22x


Total Market Cap: US$44.7bTotal Earnings: US$2.0bTotal Revenue: US$8.2bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Water Industry Price to Earnings3Y Average 25.7x202320242025
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 25.7x.
  • The 3-year average PS ratio of 5.3x is higher than the industry's current PS ratio of 4.8x.
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 Comparison

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

US Market0.77%
Utilities1.91%
Water Utilities0.60%
Water0.60%
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
WTRG Essential UtilitiesUS$38.822.7%
+US$286.1m		0.3%PE16.9x
WBI WaterBridge InfrastructureUS$25.5111.3%
+US$112.5m		n/aPS1.7x
PCYO Pure CycleUS$10.990.09%
+US$240.7k		2.5%PE19.4x

Latest News

CWCO
US$33.91
Consolidated Water
7D
-2.8%
1Y
35.9%
YORW
US$29.95
York Water
7D
-3.0%
1Y
-19.1%
AWK
US$136.07
American Water Works Company
7D
-0.2%
1Y
-6.9%

Urbanization And Regulatory Reforms Will Drive Water Utility Expansion

The marginal decrease in American Water Works Company's Future P/E multiple, while revenue growth forecasts remain stable, has led to a slight downward revision in its consensus analyst price target to $141.11. What's in the News American Water Works Company completed a $1 billion follow-on equity offering, issuing 7,042,254 common shares at $142 each with a $2.343 discount per share.
WBI
US$25.51
WaterBridge Infrastructure
7D
11.3%
1Y
n/a
WTRG
US$38.82
Essential Utilities
7D
2.7%
1Y
0.3%
CDZI
US$4.39
Cadiz
7D
-4.8%
1Y
45.8%

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Aug 27
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MSEX
US$52.78
Middlesex Water
7D
-1.5%
1Y
-17.5%
AWR
US$70.95
American States Water
7D
-1.2%
1Y
-15.9%
CWT
US$44.55
California Water Service Group
7D
-2.6%
1Y
-17.0%

California Water Service Group Just Beat EPS By 29%: Here's What Analysts Think Will Happen Next

Aug 03
California Water Service Group Just Beat EPS By 29%: Here's What Analysts Think Will Happen Next
HTO
US$47.29
H2O America
7D
-2.4%
1Y
-18.0%
User avatar

Legislative Wins And Quadvest Integration Will Strengthen Water Infrastructure

Legislative and regulatory wins, along with infrastructure investments and modernization, support stronger earnings predictability and operational efficiency.
PCYO
US$10.99
Pure Cycle
7D
0.09%
1Y
2.5%