How do American Water Works and Lennox International compare by revenue?

American Water Works reported revenue of $1.3B in Q4 FY2025, while Lennox International reported $1.2B in Q4 FY2025. American Water Works is 1.1× larger by last-quarter revenue.

Which is growing revenue faster, American Water Works or Lennox International?

American Water Works's latest revenue grew 5.8% year-over-year, versus -11.2% for Lennox International. American Water Works is growing faster on a YoY basis.

Which has a higher net margin, American Water Works or Lennox International?

American Water Works's net margin is 18.7% vs Lennox International's 13.6%. American Water Works has the higher bottom-line margin.

Which generates more free cash flow, American Water Works or Lennox International?

American Water Works generated $-385.0M of free cash flow last quarter, versus $376.7M for Lennox International. 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 Lennox International?

Over the trailing 8 quarters, American Water Works compounded revenue at roughly 12.6% per year, versus 6.8% for Lennox International. American Water Works has the faster medium-term growth trajectory.

Where does this AWK vs LII 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.

vs

Side-by-side financial comparison of American Water Works (AWK) and Lennox International (LII). Click either name above to swap in a different company.

American Water Works is the larger business by last-quarter revenue ($1.3B vs $1.2B, roughly 1.1× Lennox International). American Water Works runs the higher net margin — 18.7% vs 13.6%, a 5.2% gap on every dollar of revenue. On growth, American Water Works posted the faster year-over-year revenue change (5.8% vs -11.2%). Lennox International produced more free cash flow last quarter ($376.7M vs $-385.0M). Over the past eight quarters, American Water Works's revenue compounded faster (12.6% CAGR vs 6.8%).

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...

Lennox InternationalLIIEarnings & Financial Report

NYSE · Industrials · Building Products

Lennox International Inc. is an American provider of climate control products for the heating, ventilation, and air conditioning (HVAC) and refrigeration markets. Based in Richardson, Texas, the company is 9.8% owned by John W. Norris, III, a descendant of DW Norris, who acquired the company in 1904. The company's largest production facilities are in Saltillo, Mexico, Marshalltown, Iowa, and Orangeburg, South Carolina.

AWK vs LII — Head-to-Head

Bigger by revenue

AWK

1.1× larger

$1.3B

$1.2B

Growing faster (revenue YoY)

AWK

+17.0% gap

5.8%

-11.2%

Higher net margin

AWK

5.2% more per $

18.7%

13.6%

More free cash flow

LII

$761.7M more FCF

$376.7M

$-385.0M

Faster 2-yr revenue CAGR

AWK

Annualised

12.6%

6.8%

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric	AWK	LII
Revenue	$1.3B	$1.2B
Net Profit	$238.0M	$162.1M
Gross Margin	—	34.7%
Operating Margin	31.9%	18.6%
Net Margin	18.7%	13.6%
Revenue YoY	5.8%	-11.2%
Net Profit YoY	-0.4%	-18.0%
EPS (diluted)	$1.22	$4.62

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

LII

Q4 25	$1.3B	$1.2B
Q3 25	$1.5B	$1.4B
Q2 25	$1.3B	$1.5B
Q1 25	$1.1B	$1.1B
Q4 24	$1.2B	$1.3B
Q3 24	$1.3B	$1.5B
Q2 24	$1.1B	$1.5B
Q1 24	$1.0B	$1.0B

Net Profit

AWK

LII

Q4 25	$238.0M	$162.1M
Q3 25	$379.0M	$245.8M
Q2 25	$289.0M	$277.6M
Q1 25	$205.0M	$120.3M
Q4 24	$239.0M	$197.7M
Q3 24	$350.0M	$239.0M
Q2 24	$277.0M	$245.9M
Q1 24	$185.0M	$124.3M

Gross Margin

AWK

LII

Q4 25	—	34.7%
Q3 25	—	32.8%
Q2 25	—	34.8%
Q1 25	—	30.6%
Q4 24	—	33.9%
Q3 24	—	32.6%
Q2 24	—	33.6%
Q1 24	—	32.5%

Operating Margin

AWK

LII

Q4 25	31.9%	18.6%
Q3 25	42.2%	21.7%
Q2 25	38.4%	23.6%
Q1 25	32.7%	14.5%
Q4 24	33.3%	18.2%
Q3 24	40.9%	20.2%
Q2 24	39.4%	22.1%
Q1 24	32.5%	15.9%

Net Margin

AWK

LII

Q4 25	18.7%	13.6%
Q3 25	26.1%	17.2%
Q2 25	22.7%	18.5%
Q1 25	18.1%	11.2%
Q4 24	19.9%	14.7%
Q3 24	26.4%	16.0%
Q2 24	24.3%	16.9%
Q1 24	18.4%	11.9%

EPS (diluted)

AWK

LII

Q4 25	$1.22	$4.62
Q3 25	$1.94	$6.98
Q2 25	$1.48	$7.82
Q1 25	$1.05	$3.37
Q4 24	$1.22	$5.52
Q3 24	$1.80	$6.68
Q2 24	$1.42	$6.87
Q1 24	$0.95	$3.47

Balance Sheet & Financial Strength

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

Metric	AWK	LII
Cash + ST InvestmentsLiquidity on hand	$98.0M	$34.7M
Total DebtLower is stronger	$12.8B	$1.1B
Stockholders' EquityBook value	$10.8B	$1.2B
Total Assets	$35.4B	$4.1B
Debt / EquityLower = less leverage	1.18×	0.98×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments

AWK

LII

Q4 25	$98.0M	$34.7M
Q3 25	$166.0M	$59.2M
Q2 25	$94.0M	$55.1M
Q1 25	$114.0M	$222.9M
Q4 24	$96.0M	$422.3M
Q3 24	$127.0M	$255.7M
Q2 24	$48.0M	$57.8M
Q1 24	$584.0M	$57.6M

Total Debt

AWK

LII

Q4 25	$12.8B	$1.1B
Q3 25	$13.0B	$838.2M
Q2 25	$12.3B	$835.7M
Q1 25	$13.3B	$834.2M
Q4 24	$12.5B	$833.1M
Q3 24	$12.6B	$827.6M
Q2 24	$12.6B	$1.1B
Q1 24	$12.6B	$1.2B

Stockholders' Equity

AWK

LII

Q4 25	$10.8B	$1.2B
Q3 25	$10.9B	$1.1B
Q2 25	$10.7B	$900.5M
Q1 25	$10.5B	$852.5M
Q4 24	$10.3B	$850.2M
Q3 24	$10.4B	$754.0M
Q2 24	$10.2B	$577.4M
Q1 24	$10.0B	$368.8M

Total Assets

AWK

LII

Q4 25	$35.4B	$4.1B
Q3 25	$34.7B	$3.5B
Q2 25	$33.9B	$3.7B
Q1 25	$33.2B	$3.5B
Q4 24	$32.8B	$3.5B
Q3 24	$31.8B	$3.3B
Q2 24	$31.2B	$3.2B
Q1 24	$31.1B	$3.0B

Debt / Equity

AWK

LII

Q4 25	1.18×	0.98×
Q3 25	1.19×	0.78×
Q2 25	1.15×	0.93×
Q1 25	1.26×	0.98×
Q4 24	1.21×	0.98×
Q3 24	1.21×	1.10×
Q2 24	1.24×	1.95×
Q1 24	1.26×	3.13×

Cash Flow & Capital Efficiency

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

Metric	AWK	LII
Operating Cash FlowLast quarter	$663.0M	$405.9M
Free Cash FlowOCF − Capex	$-385.0M	$376.7M
FCF MarginFCF / Revenue	-30.3%	31.5%
Capex IntensityCapex / Revenue	82.5%	2.4%
Cash ConversionOCF / Net Profit	2.79×	2.50×
TTM Free Cash FlowTrailing 4 quarters	$-1.1B	$638.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow

AWK

LII

Q4 25	$663.0M	$405.9M
Q3 25	$764.0M	$300.7M
Q2 25	$301.0M	$86.8M
Q1 25	$331.0M	$-35.8M
Q4 24	$639.0M	$332.4M
Q3 24	$679.0M	$452.1M
Q2 24	$345.0M	$184.0M
Q1 24	$382.0M	$-22.8M

Free Cash Flow

AWK

LII

Q4 25	$-385.0M	$376.7M
Q3 25	$-33.0M	$265.1M
Q2 25	$-432.0M	$58.3M
Q1 25	$-217.0M	$-61.3M
Q4 24	$-255.0M	$272.2M
Q3 24	$-4.0M	$410.9M
Q2 24	$-325.0M	$151.3M
Q1 24	$-227.0M	$-52.3M