How do Avantor, Inc. and American Water Works compare by revenue?

Avantor, Inc. reported revenue of $1.7B in Q4 FY2025, while American Water Works reported $1.3B in Q4 FY2025. Avantor, Inc. is 1.3× larger by last-quarter revenue.

Which is growing revenue faster, Avantor, Inc. or American Water Works?

Avantor, Inc.'s latest revenue grew -1.4% year-over-year, versus 5.8% for American Water Works. American Water Works is growing faster on a YoY basis.

Which has a higher net margin, Avantor, Inc. or American Water Works?

Avantor, Inc.'s net margin is 3.1% vs American Water Works's 18.7%. American Water Works has the higher bottom-line margin.

Which generates more free cash flow, Avantor, Inc. or American Water Works?

Avantor, Inc. generated $117.2M of free cash flow last quarter, versus $-385.0M for American Water Works. Free cash flow is operating cash flow minus capital expenditure — what's actually left for dividends, buybacks and debt repayment.

What is the 2-year revenue CAGR for Avantor, Inc. vs American Water Works?

Over the trailing 8 quarters, Avantor, Inc. compounded revenue at roughly -0.5% per year, versus 12.6% for American Water Works. American Water Works has the faster medium-term growth trajectory.

Where does this AVTR vs AWK data come from?

All figures are parsed directly from SEC EDGAR 10-Q / 10-K / 20-F / 6-K filings (for US-listed issuers) or EDINET filings (for Japanese issuers), then normalised into a common schema. Numbers update automatically as new filings are released.

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Side-by-side financial comparison of Avantor, Inc. (AVTR) and American Water Works (AWK). Click either name above to swap in a different company.

Avantor, Inc. is the larger business by last-quarter revenue ($1.7B vs $1.3B, roughly 1.3× American Water Works). American Water Works runs the higher net margin — 18.7% vs 3.1%, a 15.6% gap on every dollar of revenue. On growth, American Water Works posted the faster year-over-year revenue change (5.8% vs -1.4%). Avantor, Inc. produced more free cash flow last quarter ($117.2M vs $-385.0M). Over the past eight quarters, American Water Works's revenue compounded faster (12.6% CAGR vs -0.5%).

Avantor, Inc.AVTREarnings & Financial Report

NYSE · Industrials · Laboratory Analytical Instruments

Avantor, Inc. is an American biotechnology, chemicals, and pharmaceutical company headquartered in Radnor, Pennsylvania. Established in 1904 as J.T. Baker, the company changed its name to Avantor in 2010. Avantor went public in 2019 and is now listed on the New York Stock Exchange under the symbol “AVTR”.

American Water WorksAWKEarnings & Financial Report

NYSE · Utilities · Regulated Water

American Water Works Company, Inc., through its subsidiaries, provides water and wastewater services in the United States. It offers water and wastewater services to approximately 1,700 communities in 14 states serving approximately 3.4 million active customers. The company serves residential customers; commercial customers, including food and beverage providers, commercial property developers and proprietors, and energy suppliers; fire service and private fire customers; industrial customers...

AVTR vs AWK — Head-to-Head

Bigger by revenue

AVTR

1.3× larger

$1.7B

$1.3B

Growing faster (revenue YoY)

AWK

+7.2% gap

5.8%

-1.4%

Higher net margin

AWK

15.6% more per $

18.7%

3.1%

More free cash flow

AVTR

$502.2M more FCF

$117.2M

$-385.0M

Faster 2-yr revenue CAGR

AWK

Annualised

12.6%

-0.5%

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric	AVTR	AWK
Revenue	$1.7B	$1.3B
Net Profit	$52.4M	$238.0M
Gross Margin	31.5%	—
Operating Margin	7.6%	31.9%
Net Margin	3.1%	18.7%
Revenue YoY	-1.4%	5.8%
Net Profit YoY	-89.5%	-0.4%
EPS (diluted)	$0.08	$1.22

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue

AVTR

AWK

Q4 25	$1.7B	$1.3B
Q3 25	$1.6B	$1.5B
Q2 25	$1.7B	$1.3B
Q1 25	$1.6B	$1.1B
Q4 24	$1.7B	$1.2B
Q3 24	$1.7B	$1.3B
Q2 24	$1.7B	$1.1B
Q1 24	$1.7B	$1.0B

Net Profit

AVTR

AWK

Q4 25	$52.4M	$238.0M
Q3 25	$-711.8M	$379.0M
Q2 25	$64.7M	$289.0M
Q1 25	$64.5M	$205.0M
Q4 24	$500.4M	$239.0M
Q3 24	$57.8M	$350.0M
Q2 24	$92.9M	$277.0M
Q1 24	$60.4M	$185.0M

Gross Margin

AVTR

AWK

Q4 25	31.5%	—
Q3 25	32.4%	—
Q2 25	32.9%	—
Q1 25	33.8%	—
Q4 24	33.4%	—
Q3 24	32.9%	—
Q2 24	34.1%	—
Q1 24	34.0%	—

Operating Margin

AVTR

AWK

Q4 25	7.6%	31.9%
Q3 25	-40.0%	42.2%
Q2 25	7.7%	38.4%
Q1 25	9.3%	32.7%
Q4 24	37.8%	33.3%
Q3 24	7.3%	40.9%
Q2 24	10.3%	39.4%
Q1 24	8.7%	32.5%

Net Margin

AVTR

AWK

Q4 25	3.1%	18.7%
Q3 25	-43.8%	26.1%
Q2 25	3.8%	22.7%
Q1 25	4.1%	18.1%
Q4 24	29.7%	19.9%
Q3 24	3.4%	26.4%
Q2 24	5.5%	24.3%
Q1 24	3.6%	18.4%

EPS (diluted)

AVTR

AWK

Q4 25	$0.08	$1.22
Q3 25	$-1.04	$1.94
Q2 25	$0.09	$1.48
Q1 25	$0.09	$1.05
Q4 24	$0.73	$1.22
Q3 24	$0.08	$1.80
Q2 24	$0.14	$1.42
Q1 24	$0.09	$0.95

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric	AVTR	AWK
Cash + ST InvestmentsLiquidity on hand	$365.4M	$98.0M
Total DebtLower is stronger	$3.9B	$12.8B
Stockholders' EquityBook value	$5.6B	$10.8B
Total Assets	$11.8B	$35.4B
Debt / EquityLower = less leverage	0.71×	1.18×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments

AVTR

AWK

Q4 25	$365.4M	$98.0M
Q3 25	$251.9M	$166.0M
Q2 25	$449.4M	$94.0M
Q1 25	$315.7M	$114.0M
Q4 24	$261.9M	$96.0M
Q3 24	$285.3M	$127.0M
Q2 24	$272.6M	$48.0M
Q1 24	$234.9M	$584.0M

Total Debt

AVTR

AWK

Q4 25	$3.9B	$12.8B
Q3 25	$3.9B	$13.0B
Q2 25	$4.2B	$12.3B
Q1 25	$4.1B	$13.3B
Q4 24	$4.1B	$12.5B
Q3 24	$4.9B	$12.6B
Q2 24	$5.1B	$12.6B
Q1 24	$5.3B	$12.6B

Stockholders' Equity

AVTR

AWK

Q4 25	$5.6B	$10.8B
Q3 25	$5.6B	$10.9B
Q2 25	$6.3B	$10.7B
Q1 25	$6.1B	$10.5B
Q4 24	$6.0B	$10.3B
Q3 24	$5.6B	$10.4B
Q2 24	$5.4B	$10.2B
Q1 24	$5.3B	$10.0B

Total Assets

AVTR

AWK

Q4 25	$11.8B	$35.4B
Q3 25	$11.7B	$34.7B
Q2 25	$12.8B	$33.9B
Q1 25	$12.3B	$33.2B
Q4 24	$12.1B	$32.8B
Q3 24	$12.8B	$31.8B
Q2 24	$12.7B	$31.2B
Q1 24	$12.8B	$31.1B

Debt / Equity

AVTR

AWK

Q4 25	0.71×	1.18×
Q3 25	0.69×	1.19×
Q2 25	0.67×	1.15×
Q1 25	0.67×	1.26×
Q4 24	0.68×	1.21×
Q3 24	0.89×	1.21×
Q2 24	0.94×	1.24×
Q1 24	1.00×	1.26×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric	AVTR	AWK
Operating Cash FlowLast quarter	$152.7M	$663.0M
Free Cash FlowOCF − Capex	$117.2M	$-385.0M
FCF MarginFCF / Revenue	7.0%	-30.3%
Capex IntensityCapex / Revenue	2.1%	82.5%
Cash ConversionOCF / Net Profit	2.91×	2.79×
TTM Free Cash FlowTrailing 4 quarters	$495.0M	$-1.1B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow

AVTR

AWK

Q4 25	$152.7M	$663.0M
Q3 25	$207.4M	$764.0M
Q2 25	$154.4M	$301.0M
Q1 25	$109.3M	$331.0M
Q4 24	$173.3M	$639.0M
Q3 24	$244.8M	$679.0M
Q2 24	$281.1M	$345.0M
Q1 24	$141.6M	$382.0M

Free Cash Flow

AVTR

AWK

Q4 25	$117.2M	$-385.0M
Q3 25	$171.7M	$-33.0M
Q2 25	$124.8M	$-432.0M
Q1 25	$81.3M	$-217.0M
Q4 24	$145.8M	$-255.0M
Q3 24	$204.0M	$-4.0M
Q2 24	$235.3M	$-325.0M
Q1 24	$106.9M	$-227.0M