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

American Water Works reported revenue of $1.3B in Q4 FY2025, while BGC Group, Inc. reported $638.6M in Q4 FY2025. American Water Works is 2.0× larger by last-quarter revenue.

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

American Water Works's latest revenue grew 5.8% year-over-year, versus 34.4% for BGC Group, Inc.. BGC Group, Inc. is growing faster on a YoY basis.

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

American Water Works's net margin is 18.7% vs BGC Group, Inc.'s 2.3%. American Water Works has the higher bottom-line margin.

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

American Water Works generated $-385.0M of free cash flow last quarter, versus $175.1M for BGC Group, Inc.. 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 American Water Works vs BGC Group, Inc.?

Over the trailing 8 quarters, American Water Works compounded revenue at roughly 12.6% per year, versus 18.7% for BGC Group, Inc.. BGC Group, Inc. has the faster medium-term growth trajectory.

Where does this AWK vs BGC 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 American Water Works (AWK) and BGC Group, Inc. (BGC). Click either name above to swap in a different company.

American Water Works is the larger business by last-quarter revenue ($1.3B vs $638.6M, roughly 2.0× BGC Group, Inc.). American Water Works runs the higher net margin — 18.7% vs 2.3%, a 16.5% gap on every dollar of revenue. On growth, BGC Group, Inc. posted the faster year-over-year revenue change (34.4% vs 5.8%). BGC Group, Inc. produced more free cash flow last quarter ($175.1M vs $-385.0M). Over the past eight quarters, BGC Group, Inc.'s revenue compounded faster (18.7% CAGR vs 12.6%).

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...

BGC Group, Inc.BGCEarnings & Financial Report

Nasdaq · Financials · Security & Commodity Brokers, Dealers, Exchanges & Services

BGC Group, Inc. is an American global financial services company based in New York City and London. Originally formed as part of the larger Cantor Fitzgerald organization, BGC Partners became its own entity in 2004.

AWK vs BGC — Head-to-Head

Bigger by revenue

AWK

2.0× larger

$1.3B

$638.6M

Growing faster (revenue YoY)

BGC

+28.6% gap

34.4%

5.8%

Higher net margin

AWK

16.5% more per $

18.7%

2.3%

More free cash flow

BGC

$560.1M more FCF

$175.1M

$-385.0M

Faster 2-yr revenue CAGR

BGC

Annualised

18.7%

12.6%

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric	AWK	BGC
Revenue	$1.3B	$638.6M
Net Profit	$238.0M	$14.4M
Gross Margin	—	—
Operating Margin	31.9%	3.9%
Net Margin	18.7%	2.3%
Revenue YoY	5.8%	34.4%
Net Profit YoY	-0.4%	-43.0%
EPS (diluted)	$1.22	$0.03

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

AWK

BGC

Q4 25	$1.3B	$638.6M
Q3 25	$1.5B	$620.8M
Q2 25	$1.3B	$648.0M
Q1 25	$1.1B	$534.6M
Q4 24	$1.2B	$475.2M
Q3 24	$1.3B	$448.9M
Q2 24	$1.1B	$435.0M
Q1 24	$1.0B	$453.6M

Net Profit

AWK

BGC

Q4 25	$238.0M	$14.4M
Q3 25	$379.0M	$27.9M
Q2 25	$289.0M	$57.5M
Q1 25	$205.0M	$55.2M
Q4 24	$239.0M	$25.2M
Q3 24	$350.0M	$14.7M
Q2 24	$277.0M	$37.8M
Q1 24	$185.0M	$49.2M

Operating Margin

AWK

BGC

Q4 25	31.9%	3.9%
Q3 25	42.2%	5.4%
Q2 25	38.4%	11.6%
Q1 25	32.7%	15.0%
Q4 24	33.3%	5.7%
Q3 24	40.9%	4.4%
Q2 24	39.4%	12.7%
Q1 24	32.5%	15.7%

Net Margin

AWK

BGC

Q4 25	18.7%	2.3%
Q3 25	26.1%	4.5%
Q2 25	22.7%	8.9%
Q1 25	18.1%	10.3%
Q4 24	19.9%	5.3%
Q3 24	26.4%	3.3%
Q2 24	24.3%	8.7%
Q1 24	18.4%	10.8%

EPS (diluted)

AWK

BGC

Q4 25	$1.22	$0.03
Q3 25	$1.94	$0.06
Q2 25	$1.48	$0.11
Q1 25	$1.05	$0.11
Q4 24	$1.22	$0.04
Q3 24	$1.80	$0.03
Q2 24	$1.42	$0.08
Q1 24	$0.95	$0.10

Balance Sheet & Financial Strength

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

Metric	AWK	BGC
Cash + ST InvestmentsLiquidity on hand	$98.0M	$851.5M
Total DebtLower is stronger	$12.8B	$1.5B
Stockholders' EquityBook value	$10.8B	$972.5M
Total Assets	$35.4B	$4.4B
Debt / EquityLower = less leverage	1.18×	1.58×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments

AWK

BGC

Q4 25	$98.0M	$851.5M
Q3 25	$166.0M	$774.9M
Q2 25	$94.0M	$827.8M
Q1 25	$114.0M	$966.4M
Q4 24	$96.0M	$711.6M
Q3 24	$127.0M	$563.5M
Q2 24	$48.0M	$571.7M
Q1 24	$584.0M	$566.8M

Total Debt

AWK

BGC

Q4 25	$12.8B	$1.5B
Q3 25	$13.0B	$1.8B
Q2 25	$12.3B	$1.8B
Q1 25	$13.3B	$1.1B
Q4 24	$12.5B	$1.1B
Q3 24	$12.6B	$1.4B
Q2 24	$12.6B	$1.4B
Q1 24	$12.6B	$945.0M

Stockholders' Equity

AWK

BGC

Q4 25	$10.8B	$972.5M
Q3 25	$10.9B	$965.3M
Q2 25	$10.7B	$930.5M
Q1 25	$10.5B	$963.8M
Q4 24	$10.3B	$898.5M
Q3 24	$10.4B	$860.1M
Q2 24	$10.2B	$858.1M
Q1 24	$10.0B	$912.1M

Total Assets

AWK

BGC

Q4 25	$35.4B	$4.4B
Q3 25	$34.7B	$5.8B
Q2 25	$33.9B	$4.9B
Q1 25	$33.2B	$4.9B
Q4 24	$32.8B	$3.6B
Q3 24	$31.8B	$4.4B
Q2 24	$31.2B	$4.3B
Q1 24	$31.1B	$4.4B

Debt / Equity

AWK

BGC

Q4 25	1.18×	1.58×
Q3 25	1.19×	1.90×
Q2 25	1.15×	1.97×
Q1 25	1.26×	1.19×
Q4 24	1.21×	1.27×
Q3 24	1.21×	1.68×
Q2 24	1.24×	1.68×
Q1 24	1.26×	1.04×

Cash Flow & Capital Efficiency

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

Metric	AWK	BGC
Operating Cash FlowLast quarter	$663.0M	$180.4M
Free Cash FlowOCF − Capex	$-385.0M	$175.1M
FCF MarginFCF / Revenue	-30.3%	27.4%
Capex IntensityCapex / Revenue	82.5%	0.8%
Cash ConversionOCF / Net Profit	2.79×	12.55×
TTM Free Cash FlowTrailing 4 quarters	$-1.1B	$372.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow

AWK

BGC

Q4 25	$663.0M	$180.4M
Q3 25	$764.0M	$141.9M
Q2 25	$301.0M	$71.2M
Q1 25	$331.0M	$839.0K
Q4 24	$639.0M	$251.9M
Q3 24	$679.0M	$88.3M
Q2 24	$345.0M	$-53.0M
Q1 24	$382.0M	$28.1M

Free Cash Flow

AWK

BGC

Q4 25	$-385.0M	$175.1M
Q3 25	$-33.0M	$137.2M
Q2 25	$-432.0M	$65.0M
Q1 25	$-217.0M	$-4.4M
Q4 24	$-255.0M	$245.6M
Q3 24	$-4.0M	$78.8M
Q2 24	$-325.0M	$-63.5M
Q1 24	$-227.0M	$24.9M