How do American Water Works and PARSONS CORP compare by revenue?

American Water Works reported revenue of $1.3B in Q4 FY2025, while PARSONS CORP reported $1.5B in Q1 FY2026. PARSONS CORP is 1.2× larger by last-quarter revenue.

Which is growing revenue faster, American Water Works or PARSONS CORP?

American Water Works's latest revenue grew 5.8% year-over-year, versus 3.0% for PARSONS CORP. American Water Works is growing faster on a YoY basis.

Which has a higher net margin, American Water Works or PARSONS CORP?

American Water Works's net margin is 18.7% vs PARSONS CORP's 3.5%. American Water Works has the higher bottom-line margin.

What is the 2-year revenue CAGR for American Water Works vs PARSONS CORP?

Over the trailing 8 quarters, American Water Works compounded revenue at roughly 12.6% per year, versus -5.5% for PARSONS CORP. American Water Works has the faster medium-term growth trajectory.

Where does this AWK vs PSN 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 PARSONS CORP (PSN). Click either name above to swap in a different company.

PARSONS CORP is the larger business by last-quarter revenue ($1.5B vs $1.3B, roughly 1.2× American Water Works). American Water Works runs the higher net margin — 18.7% vs 3.5%, a 15.2% gap on every dollar of revenue. On growth, American Water Works posted the faster year-over-year revenue change (5.8% vs 3.0%). Over the past eight quarters, American Water Works's revenue compounded faster (12.6% CAGR vs -5.5%).

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...

PARSONS CORPPSNEarnings & Financial Report

NYSE · Information Technology · Services-Computer Integrated Systems Design

Parsons Corporation is an American multinational technology-focused defense, intelligence, and infrastructure engineering firm. Founded in 1944, Parsons is headquartered in Chantilly, Virginia, and serves both government and private sector organizations in more than 30 countries.

AWK vs PSN — Head-to-Head

Bigger by revenue

PSN

1.2× larger

$1.5B

$1.3B

Growing faster (revenue YoY)

AWK

+2.9% gap

5.8%

3.0%

Higher net margin

AWK

15.2% more per $

18.7%

3.5%

Faster 2-yr revenue CAGR

AWK

Annualised

12.6%

-5.5%

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric	AWK	PSN
Revenue	$1.3B	$1.5B
Net Profit	$238.0M	$52.9M
Gross Margin	—	—
Operating Margin	31.9%	6.4%
Net Margin	18.7%	3.5%
Revenue YoY	5.8%	3.0%
Net Profit YoY	-0.4%	-20.1%
EPS (diluted)	$1.22	$0.49

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

PSN

Q1 26	—	$1.5B
Q4 25	$1.3B	$1.6B
Q3 25	$1.5B	$1.6B
Q2 25	$1.3B	$1.6B
Q1 25	$1.1B	$1.6B
Q4 24	$1.2B	$1.7B
Q3 24	$1.3B	$1.8B
Q2 24	$1.1B	$1.7B

Net Profit

AWK

PSN

Q1 26	—	$52.9M
Q4 25	$238.0M	$55.6M
Q3 25	$379.0M	$64.1M
Q2 25	$289.0M	$55.2M
Q1 25	$205.0M	$66.2M
Q4 24	$239.0M	$201.3M
Q3 24	$350.0M	$72.0M
Q2 24	$277.0M	$69.2M

Gross Margin

AWK

PSN

Q1 26	—	—
Q4 25	—	23.0%
Q3 25	—	22.2%
Q2 25	—	22.0%
Q1 25	—	22.8%
Q4 24	—	21.3%
Q3 24	—	19.9%
Q2 24	—	21.0%

Operating Margin

AWK

PSN

Q1 26	—	6.4%
Q4 25	31.9%	6.6%
Q3 25	42.2%	6.7%
Q2 25	38.4%	6.0%
Q1 25	32.7%	7.0%
Q4 24	33.3%	5.8%
Q3 24	40.9%	6.4%
Q2 24	39.4%	6.7%

Net Margin

AWK

PSN

Q1 26	—	3.5%
Q4 25	18.7%	3.5%
Q3 25	26.1%	4.0%
Q2 25	22.7%	3.5%
Q1 25	18.1%	4.3%
Q4 24	19.9%	11.6%
Q3 24	26.4%	4.0%
Q2 24	24.3%	4.1%

EPS (diluted)

AWK

PSN

Q1 26	—	$0.49
Q4 25	$1.22	$0.51
Q3 25	$1.94	$0.59
Q2 25	$1.48	$0.50
Q1 25	$1.05	$0.60
Q4 24	$1.22	$1.85
Q3 24	$1.80	$0.65
Q2 24	$1.42	$0.63

Balance Sheet & Financial Strength

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

Metric	AWK	PSN
Cash + ST InvestmentsLiquidity on hand	$98.0M	—
Total DebtLower is stronger	$12.8B	$1.5B
Stockholders' EquityBook value	$10.8B	$2.8B
Total Assets	$35.4B	$6.0B
Debt / EquityLower = less leverage	1.18×	0.55×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments

AWK

PSN

Q1 26	—	—
Q4 25	$98.0M	$466.4M
Q3 25	$166.0M	$422.6M
Q2 25	$94.0M	$411.3M
Q1 25	$114.0M	$269.7M
Q4 24	$96.0M	$453.5M
Q3 24	$127.0M	$558.8M
Q2 24	$48.0M	$528.5M

Total Debt

AWK

PSN

Q1 26	—	$1.5B
Q4 25	$12.8B	$1.2B
Q3 25	$13.0B	$1.2B
Q2 25	$12.3B	$1.2B
Q1 25	$13.3B	$785.2M
Q4 24	$12.5B	$784.1M
Q3 24	$12.6B	$1.1B
Q2 24	$12.6B	$1.2B

Stockholders' Equity

AWK

PSN

Q1 26	—	$2.8B
Q4 25	$10.8B	$2.6B
Q3 25	$10.9B	$2.6B
Q2 25	$10.7B	$2.5B
Q1 25	$10.5B	$2.5B
Q4 24	$10.3B	$2.4B
Q3 24	$10.4B	$2.3B
Q2 24	$10.2B	$2.2B

Total Assets

AWK

PSN

Q1 26	—	$6.0B
Q4 25	$35.4B	$5.8B
Q3 25	$34.7B	$5.7B
Q2 25	$33.9B	$5.7B
Q1 25	$33.2B	$5.4B
Q4 24	$32.8B	$5.5B
Q3 24	$31.8B	$5.4B
Q2 24	$31.2B	$5.2B

Debt / Equity

AWK

PSN

Q1 26	—	0.55×
Q4 25	1.18×	0.47×
Q3 25	1.19×	0.48×
Q2 25	1.15×	0.49×
Q1 25	1.26×	0.32×
Q4 24	1.21×	0.32×
Q3 24	1.21×	0.49×
Q2 24	1.24×	0.56×

Cash Flow & Capital Efficiency

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

Metric	AWK	PSN
Operating Cash FlowLast quarter	$663.0M	—
Free Cash FlowOCF − Capex	$-385.0M	—
FCF MarginFCF / Revenue	-30.3%	—
Capex IntensityCapex / Revenue	82.5%	—
Cash ConversionOCF / Net Profit	2.79×	—
TTM Free Cash FlowTrailing 4 quarters	$-1.1B	—