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Side-by-side financial comparison of American Water Works (AWK) and CURTISS WRIGHT CORP (CW). Click either name above to swap in a different company.

American Water Works is the larger business by last-quarter revenue ($1.3B vs $947.0M, roughly 1.3× CURTISS WRIGHT CORP). American Water Works runs the higher net margin — 18.7% vs 14.5%, a 4.3% gap on every dollar of revenue. On growth, CURTISS WRIGHT CORP posted the faster year-over-year revenue change (14.9% vs 5.8%). CURTISS WRIGHT CORP produced more free cash flow last quarter ($315.1M vs $-385.0M). Over the past eight quarters, CURTISS WRIGHT CORP's revenue compounded faster (15.2% CAGR vs 12.6%).

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...

The Curtiss-Wright Corporation is an American manufacturer and services provider headquartered in Davidson, North Carolina, with factories and operations in and outside the United States. Created in 1929 from the consolidation of Curtiss, Wright, and various supplier companies, the company was immediately the country's largest aviation firm and built more than 142,000 aircraft engines for the U.S. military during World War II.

AWK vs CW — Head-to-Head

Bigger by revenue
AWK
AWK
1.3× larger
AWK
$1.3B
$947.0M
CW
Growing faster (revenue YoY)
CW
CW
+9.1% gap
CW
14.9%
5.8%
AWK
Higher net margin
AWK
AWK
4.3% more per $
AWK
18.7%
14.5%
CW
More free cash flow
CW
CW
$700.1M more FCF
CW
$315.1M
$-385.0M
AWK
Faster 2-yr revenue CAGR
CW
CW
Annualised
CW
15.2%
12.6%
AWK

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AWK
AWK
CW
CW
Revenue
$1.3B
$947.0M
Net Profit
$238.0M
$137.0M
Gross Margin
37.5%
Operating Margin
31.9%
19.2%
Net Margin
18.7%
14.5%
Revenue YoY
5.8%
14.9%
Net Profit YoY
-0.4%
16.2%
EPS (diluted)
$1.22
$3.69

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
AWK
CW
CW
Q4 25
$1.3B
$947.0M
Q3 25
$1.5B
$869.2M
Q2 25
$1.3B
$876.6M
Q1 25
$1.1B
$805.6M
Q4 24
$1.2B
$824.3M
Q3 24
$1.3B
$798.9M
Q2 24
$1.1B
$784.8M
Q1 24
$1.0B
$713.2M
Net Profit
AWK
AWK
CW
CW
Q4 25
$238.0M
$137.0M
Q3 25
$379.0M
$124.8M
Q2 25
$289.0M
$121.1M
Q1 25
$205.0M
$101.3M
Q4 24
$239.0M
$117.9M
Q3 24
$350.0M
$111.2M
Q2 24
$277.0M
$99.5M
Q1 24
$185.0M
$76.5M
Gross Margin
AWK
AWK
CW
CW
Q4 25
37.5%
Q3 25
37.7%
Q2 25
37.2%
Q1 25
36.3%
Q4 24
38.5%
Q3 24
37.3%
Q2 24
36.2%
Q1 24
35.6%
Operating Margin
AWK
AWK
CW
CW
Q4 25
31.9%
19.2%
Q3 25
42.2%
19.1%
Q2 25
38.4%
17.8%
Q1 25
32.7%
16.0%
Q4 24
33.3%
18.8%
Q3 24
40.9%
18.1%
Q2 24
39.4%
16.4%
Q1 24
32.5%
14.0%
Net Margin
AWK
AWK
CW
CW
Q4 25
18.7%
14.5%
Q3 25
26.1%
14.4%
Q2 25
22.7%
13.8%
Q1 25
18.1%
12.6%
Q4 24
19.9%
14.3%
Q3 24
26.4%
13.9%
Q2 24
24.3%
12.7%
Q1 24
18.4%
10.7%
EPS (diluted)
AWK
AWK
CW
CW
Q4 25
$1.22
$3.69
Q3 25
$1.94
$3.31
Q2 25
$1.48
$3.19
Q1 25
$1.05
$2.68
Q4 24
$1.22
$3.09
Q3 24
$1.80
$2.89
Q2 24
$1.42
$2.58
Q1 24
$0.95
$1.99

Balance Sheet & Financial Strength

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

Metric
AWK
AWK
CW
CW
Cash + ST InvestmentsLiquidity on hand
$98.0M
Total DebtLower is stronger
$12.8B
$957.9M
Stockholders' EquityBook value
$10.8B
$2.5B
Total Assets
$35.4B
$5.2B
Debt / EquityLower = less leverage
1.18×
0.38×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AWK
AWK
CW
CW
Q4 25
$98.0M
Q3 25
$166.0M
Q2 25
$94.0M
Q1 25
$114.0M
$226.5M
Q4 24
$96.0M
$385.0M
Q3 24
$127.0M
Q2 24
$48.0M
Q1 24
$584.0M
$338.0M
Total Debt
AWK
AWK
CW
CW
Q4 25
$12.8B
$957.9M
Q3 25
$13.0B
$968.6M
Q2 25
$12.3B
$958.4M
Q1 25
$13.3B
$958.6M
Q4 24
$12.5B
$1.0B
Q3 24
$12.6B
$1.0B
Q2 24
$12.6B
$1.0B
Q1 24
$12.6B
$1.1B
Stockholders' Equity
AWK
AWK
CW
CW
Q4 25
$10.8B
$2.5B
Q3 25
$10.9B
$2.5B
Q2 25
$10.7B
$2.7B
Q1 25
$10.5B
$2.6B
Q4 24
$10.3B
$2.4B
Q3 24
$10.4B
$2.5B
Q2 24
$10.2B
$2.5B
Q1 24
$10.0B
$2.4B
Total Assets
AWK
AWK
CW
CW
Q4 25
$35.4B
$5.2B
Q3 25
$34.7B
$5.1B
Q2 25
$33.9B
$5.2B
Q1 25
$33.2B
$5.0B
Q4 24
$32.8B
$5.0B
Q3 24
$31.8B
$4.9B
Q2 24
$31.2B
$4.7B
Q1 24
$31.1B
$4.6B
Debt / Equity
AWK
AWK
CW
CW
Q4 25
1.18×
0.38×
Q3 25
1.19×
0.38×
Q2 25
1.15×
0.35×
Q1 25
1.26×
0.37×
Q4 24
1.21×
0.43×
Q3 24
1.21×
0.42×
Q2 24
1.24×
0.43×
Q1 24
1.26×
0.44×

Cash Flow & Capital Efficiency

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

Metric
AWK
AWK
CW
CW
Operating Cash FlowLast quarter
$663.0M
$352.7M
Free Cash FlowOCF − Capex
$-385.0M
$315.1M
FCF MarginFCF / Revenue
-30.3%
33.3%
Capex IntensityCapex / Revenue
82.5%
4.0%
Cash ConversionOCF / Net Profit
2.79×
2.57×
TTM Free Cash FlowTrailing 4 quarters
$-1.1B
$553.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AWK
AWK
CW
CW
Q4 25
$663.0M
$352.7M
Q3 25
$764.0M
$192.8M
Q2 25
$301.0M
$136.6M
Q1 25
$331.0M
$-38.8M
Q4 24
$639.0M
$301.3M
Q3 24
$679.0M
$177.3M
Q2 24
$345.0M
$111.3M
Q1 24
$382.0M
$-45.6M
Free Cash Flow
AWK
AWK
CW
CW
Q4 25
$-385.0M
$315.1M
Q3 25
$-33.0M
$175.9M
Q2 25
$-432.0M
$117.2M
Q1 25
$-217.0M
$-54.5M
Q4 24
$-255.0M
$278.0M
Q3 24
$-4.0M
$162.7M
Q2 24
$-325.0M
$100.3M
Q1 24
$-227.0M
$-57.7M
FCF Margin
AWK
AWK
CW
CW
Q4 25
-30.3%
33.3%
Q3 25
-2.3%
20.2%
Q2 25
-34.0%
13.4%
Q1 25
-19.1%
-6.8%
Q4 24
-21.2%
33.7%
Q3 24
-0.3%
20.4%
Q2 24
-28.5%
12.8%
Q1 24
-22.6%
-8.1%
Capex Intensity
AWK
AWK
CW
CW
Q4 25
82.5%
4.0%
Q3 25
54.8%
1.9%
Q2 25
57.6%
2.2%
Q1 25
48.3%
2.0%
Q4 24
74.4%
2.8%
Q3 24
51.4%
1.8%
Q2 24
58.8%
1.4%
Q1 24
60.7%
1.7%
Cash Conversion
AWK
AWK
CW
CW
Q4 25
2.79×
2.57×
Q3 25
2.02×
1.54×
Q2 25
1.04×
1.13×
Q1 25
1.61×
-0.38×
Q4 24
2.67×
2.56×
Q3 24
1.94×
1.59×
Q2 24
1.25×
1.12×
Q1 24
2.06×
-0.60×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AWK
AWK

Water Services$1.0B81%
Other$127.0M10%
Wastewater Services$101.0M8%
Miscellaneous Utility Charge$11.0M1%

CW
CW

Naval Power$417.4M44%
Defense Electronics$268.3M28%
Aerospace Industrial$262.4M28%

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