How do American Water Works and Helmerich & Payne, Inc. compare by revenue?

American Water Works reported revenue of $1.3B in Q4 FY2025, while Helmerich & Payne, Inc. reported $981.1M in Q1 FY2026. American Water Works is 1.3× larger by last-quarter revenue.

Which is growing revenue faster, American Water Works or Helmerich & Payne, Inc.?

American Water Works's latest revenue grew 5.8% year-over-year, versus 45.4% for Helmerich & Payne, Inc.. Helmerich & Payne, Inc. is growing faster on a YoY basis.

Which has a higher net margin, American Water Works or Helmerich & Payne, Inc.?

American Water Works's net margin is 18.7% vs Helmerich & Payne, Inc.'s -9.9%. American Water Works has the higher bottom-line margin.

Which generates more free cash flow, American Water Works or Helmerich & Payne, Inc.?

American Water Works generated $-385.0M of free cash flow last quarter, versus $114.9M for Helmerich & Payne, 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 Helmerich & Payne, Inc.?

Over the trailing 8 quarters, American Water Works compounded revenue at roughly 12.6% per year, versus 19.7% for Helmerich & Payne, Inc.. Helmerich & Payne, Inc. has the faster medium-term growth trajectory.

Where does this AWK vs HP 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 Helmerich & Payne, Inc. (HP). Click either name above to swap in a different company.

American Water Works is the larger business by last-quarter revenue ($1.3B vs $981.1M, roughly 1.3× Helmerich & Payne, Inc.). American Water Works runs the higher net margin — 18.7% vs -9.9%, a 28.6% gap on every dollar of revenue. On growth, Helmerich & Payne, Inc. posted the faster year-over-year revenue change (45.4% vs 5.8%). Helmerich & Payne, Inc. produced more free cash flow last quarter ($114.9M vs $-385.0M). Over the past eight quarters, Helmerich & Payne, Inc.'s revenue compounded faster (19.7% 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...

Helmerich & Payne, Inc.HPEarnings & Financial Report

NYSE · Energy · Drilling Oil & Gas Wells

Helmerich & Payne, Inc. is an American petroleum contract drilling company engaged in oil and gas well drilling and related services for exploration and production companies headquartered in Tulsa, Oklahoma, with operations throughout the world. Their FlexRigs, introduced in 1998, have been used extensively in drilling unconventional shale formations, such as the Bakken formation in North Dakota and the Permian Basin and Eagle Ford formation in Texas. H&P is the largest on-shore driller in th...

AWK vs HP — Head-to-Head

Bigger by revenue

AWK

1.3× larger

$1.3B

$981.1M

Growing faster (revenue YoY)

+39.6% gap

45.4%

5.8%

Higher net margin

AWK

28.6% more per $

18.7%

-9.9%

More free cash flow

$499.9M more FCF

$114.9M

$-385.0M

Faster 2-yr revenue CAGR

Annualised

19.7%

12.6%

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric	AWK	HP
Revenue	$1.3B	$981.1M
Net Profit	$238.0M	$-96.7M
Gross Margin	—	—
Operating Margin	31.9%	-6.1%
Net Margin	18.7%	-9.9%
Revenue YoY	5.8%	45.4%
Net Profit YoY	-0.4%	-276.6%
EPS (diluted)	$1.22	$-0.98

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

Q4 25	$1.3B	$981.1M
Q3 25	$1.5B	$953.8M
Q2 25	$1.3B	$1.0B
Q1 25	$1.1B	$1.0B
Q4 24	$1.2B	$674.6M
Q3 24	$1.3B	$691.3M
Q2 24	$1.1B	$695.1M
Q1 24	$1.0B	$685.1M

Net Profit

AWK

Q4 25	$238.0M	$-96.7M
Q3 25	$379.0M	$-57.4M
Q2 25	$289.0M	$-162.8M
Q1 25	$205.0M	$1.7M
Q4 24	$239.0M	$54.8M
Q3 24	$350.0M	$75.5M
Q2 24	$277.0M	$88.7M
Q1 24	$185.0M	$84.8M

Operating Margin

AWK

Q4 25	31.9%	-6.1%
Q3 25	42.2%	-0.1%
Q2 25	38.4%	-12.4%
Q1 25	32.7%	4.2%
Q4 24	33.3%	13.3%
Q3 24	40.9%	15.4%
Q2 24	39.4%	16.0%
Q1 24	32.5%	16.1%

Net Margin

AWK

Q4 25	18.7%	-9.9%
Q3 25	26.1%	-6.0%
Q2 25	22.7%	-15.7%
Q1 25	18.1%	0.2%
Q4 24	19.9%	8.1%
Q3 24	26.4%	10.9%
Q2 24	24.3%	12.8%
Q1 24	18.4%	12.4%

EPS (diluted)

AWK

Q4 25	$1.22	$-0.98
Q3 25	$1.94	$-0.57
Q2 25	$1.48	$-1.64
Q1 25	$1.05	$0.01
Q4 24	$1.22	$0.54
Q3 24	$1.80	$0.77
Q2 24	$1.42	$0.88
Q1 24	$0.95	$0.84

Balance Sheet & Financial Strength

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

Metric	AWK	HP
Cash + ST InvestmentsLiquidity on hand	$98.0M	$269.0M
Total DebtLower is stronger	$12.8B	$2.0B
Stockholders' EquityBook value	$10.8B	$2.7B
Total Assets	$35.4B	$6.5B
Debt / EquityLower = less leverage	1.18×	0.75×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments

AWK

Q4 25	$98.0M	$269.0M
Q3 25	$166.0M	$218.3M
Q2 25	$94.0M	$187.4M
Q1 25	$114.0M	$195.6M
Q4 24	$96.0M	$526.5M
Q3 24	$127.0M	$510.3M
Q2 24	$48.0M	$289.7M
Q1 24	$584.0M	$277.0M

Total Debt

AWK

Q4 25	$12.8B	$2.0B
Q3 25	$13.0B	$2.1B
Q2 25	$12.3B	$2.2B
Q1 25	$13.3B	$2.2B
Q4 24	$12.5B	—
Q3 24	$12.6B	$1.8B
Q2 24	$12.6B	—
Q1 24	$12.6B	—

Stockholders' Equity

AWK

Q4 25	$10.8B	$2.7B
Q3 25	$10.9B	$2.8B
Q2 25	$10.7B	$2.9B
Q1 25	$10.5B	$3.1B
Q4 24	$10.3B	$2.9B
Q3 24	$10.4B	$2.9B
Q2 24	$10.2B	$2.9B
Q1 24	$10.0B	$2.8B

Total Assets

AWK

Q4 25	$35.4B	$6.5B
Q3 25	$34.7B	$6.7B
Q2 25	$33.9B	$6.9B
Q1 25	$33.2B	$7.2B
Q4 24	$32.8B	$5.8B
Q3 24	$31.8B	$5.8B
Q2 24	$31.2B	$4.5B
Q1 24	$31.1B	$4.4B

Debt / Equity

AWK

Q4 25	1.18×	0.75×
Q3 25	1.19×	0.73×
Q2 25	1.15×	0.76×
Q1 25	1.26×	0.73×
Q4 24	1.21×	—
Q3 24	1.21×	0.61×
Q2 24	1.24×	—
Q1 24	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	AWK	HP
Operating Cash FlowLast quarter	$663.0M	$182.4M
Free Cash FlowOCF − Capex	$-385.0M	$114.9M
FCF MarginFCF / Revenue	-30.3%	11.7%
Capex IntensityCapex / Revenue	82.5%	6.9%
Cash ConversionOCF / Net Profit	2.79×	—
TTM Free Cash FlowTrailing 4 quarters	$-1.1B	$179.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow

AWK

Q4 25	$663.0M	$182.4M
Q3 25	$764.0M	$206.9M
Q2 25	$301.0M	$121.6M
Q1 25	$331.0M	$56.0M
Q4 24	$639.0M	$158.4M
Q3 24	$679.0M	$168.8M
Q2 24	$345.0M	$197.4M
Q1 24	$382.0M	$143.7M

Free Cash Flow

AWK

Q4 25	$-385.0M	$114.9M
Q3 25	$-33.0M	$142.8M
Q2 25	$-432.0M	$24.6M
Q1 25	$-217.0M	$-102.7M
Q4 24	$-255.0M	$51.9M
Q3 24	$-4.0M	$62.8M
Q2 24	$-325.0M	$63.0M
Q1 24	$-227.0M	$25.4M