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

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

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

American Water Works's latest revenue grew 5.8% year-over-year, versus -11.9% for RXO, Inc.. American Water Works is growing faster on a YoY basis.

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

American Water Works's net margin is 18.7% vs RXO, Inc.'s -3.1%. American Water Works has the higher bottom-line margin.

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

American Water Works generated $-385.0M of free cash flow last quarter, versus $-9.0M for RXO, 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 RXO, Inc.?

Over the trailing 8 quarters, American Water Works compounded revenue at roughly 12.6% per year, versus 26.8% for RXO, Inc.. RXO, Inc. has the faster medium-term growth trajectory.

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

RXO, Inc. is the larger business by last-quarter revenue ($1.5B vs $1.3B, roughly 1.2× American Water Works). American Water Works runs the higher net margin — 18.7% vs -3.1%, a 21.9% gap on every dollar of revenue. On growth, American Water Works posted the faster year-over-year revenue change (5.8% vs -11.9%). RXO, Inc. produced more free cash flow last quarter ($-9.0M vs $-385.0M). Over the past eight quarters, RXO, Inc.'s revenue compounded faster (26.8% 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...

RXO, Inc.RXOEarnings & Financial Report

NYSE · Industrials · Transportation Services

RXO, Inc. is a leading transportation and logistics solutions provider headquartered in the United States. Its core service portfolio includes freight brokerage, last-mile delivery for heavy and bulky goods, managed transportation services, and end-to-end supply chain optimization support, primarily catering to clients across the North American manufacturing, retail, and e-commerce segments.

AWK vs RXO — Head-to-Head

Bigger by revenue

RXO

1.2× larger

$1.5B

$1.3B

Growing faster (revenue YoY)

AWK

+17.7% gap

5.8%

-11.9%

Higher net margin

AWK

21.9% more per $

18.7%

-3.1%

More free cash flow

RXO

$376.0M more FCF

$-9.0M

$-385.0M

Faster 2-yr revenue CAGR

RXO

Annualised

26.8%

12.6%

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric	AWK	RXO
Revenue	$1.3B	$1.5B
Net Profit	$238.0M	$-46.0M
Gross Margin	—	—
Operating Margin	31.9%	-2.9%
Net Margin	18.7%	-3.1%
Revenue YoY	5.8%	-11.9%
Net Profit YoY	-0.4%	-84.0%
EPS (diluted)	$1.22	$-0.28

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

RXO

Q4 25	$1.3B	$1.5B
Q3 25	$1.5B	$1.4B
Q2 25	$1.3B	$1.4B
Q1 25	$1.1B	$1.4B
Q4 24	$1.2B	$1.7B
Q3 24	$1.3B	$1.0B
Q2 24	$1.1B	$930.0M
Q1 24	$1.0B	$913.0M

Net Profit

AWK

RXO

Q4 25	$238.0M	$-46.0M
Q3 25	$379.0M	$-14.0M
Q2 25	$289.0M	$-9.0M
Q1 25	$205.0M	$-31.0M
Q4 24	$239.0M	$-25.0M
Q3 24	$350.0M	$-243.0M
Q2 24	$277.0M	$-7.0M
Q1 24	$185.0M	$-15.0M

Operating Margin

AWK

RXO

Q4 25	31.9%	-2.9%
Q3 25	42.2%	-0.5%
Q2 25	38.4%	—
Q1 25	32.7%	-2.1%
Q4 24	33.3%	-1.4%
Q3 24	40.9%	-1.9%
Q2 24	39.4%	—
Q1 24	32.5%	-1.3%

Net Margin

AWK

RXO

Q4 25	18.7%	-3.1%
Q3 25	26.1%	-1.0%
Q2 25	22.7%	-0.6%
Q1 25	18.1%	-2.2%
Q4 24	19.9%	-1.5%
Q3 24	26.4%	-23.4%
Q2 24	24.3%	-0.8%
Q1 24	18.4%	-1.6%

EPS (diluted)

AWK

RXO

Q4 25	$1.22	$-0.28
Q3 25	$1.94	$-0.08
Q2 25	$1.48	$-0.05
Q1 25	$1.05	$-0.18
Q4 24	$1.22	$-0.17
Q3 24	$1.80	$-1.81
Q2 24	$1.42	$-0.06
Q1 24	$0.95	$-0.13

Balance Sheet & Financial Strength

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

Metric	AWK	RXO
Cash + ST InvestmentsLiquidity on hand	$98.0M	$17.0M
Total DebtLower is stronger	$12.8B	$387.0M
Stockholders' EquityBook value	$10.8B	$1.5B
Total Assets	$35.4B	$3.3B
Debt / EquityLower = less leverage	1.18×	0.25×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments

AWK

RXO

Q4 25	$98.0M	$17.0M
Q3 25	$166.0M	$25.0M
Q2 25	$94.0M	$18.0M
Q1 25	$114.0M	$16.0M
Q4 24	$96.0M	$35.0M
Q3 24	$127.0M	$55.0M
Q2 24	$48.0M	$7.0M
Q1 24	$584.0M	$7.0M

Total Debt

AWK

RXO

Q4 25	$12.8B	$387.0M
Q3 25	$13.0B	$387.0M
Q2 25	$12.3B	$387.0M
Q1 25	$13.3B	$387.0M
Q4 24	$12.5B	$351.0M
Q3 24	$12.6B	$352.0M
Q2 24	$12.6B	$370.0M
Q1 24	$12.6B	$351.0M

Stockholders' Equity

AWK

RXO

Q4 25	$10.8B	$1.5B
Q3 25	$10.9B	$1.6B
Q2 25	$10.7B	$1.6B
Q1 25	$10.5B	$1.6B
Q4 24	$10.3B	$1.6B
Q3 24	$10.4B	$1.7B
Q2 24	$10.2B	$579.0M
Q1 24	$10.0B	$582.0M

Total Assets

AWK

RXO

Q4 25	$35.4B	$3.3B
Q3 25	$34.7B	$3.2B
Q2 25	$33.9B	$3.2B
Q1 25	$33.2B	$3.3B
Q4 24	$32.8B	$3.4B
Q3 24	$31.8B	$3.4B
Q2 24	$31.2B	$1.8B
Q1 24	$31.1B	$1.8B

Debt / Equity

AWK

RXO

Q4 25	1.18×	0.25×
Q3 25	1.19×	0.24×
Q2 25	1.15×	0.24×
Q1 25	1.26×	0.24×
Q4 24	1.21×	0.22×
Q3 24	1.21×	0.21×
Q2 24	1.24×	0.64×
Q1 24	1.26×	0.60×

Cash Flow & Capital Efficiency

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

Metric	AWK	RXO
Operating Cash FlowLast quarter	$663.0M	$7.0M
Free Cash FlowOCF − Capex	$-385.0M	$-9.0M
FCF MarginFCF / Revenue	-30.3%	-0.6%
Capex IntensityCapex / Revenue	82.5%	1.1%
Cash ConversionOCF / Net Profit	2.79×	—
TTM Free Cash FlowTrailing 4 quarters	$-1.1B	$-8.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow

AWK

RXO

Q4 25	$663.0M	$7.0M
Q3 25	$764.0M	$23.0M
Q2 25	$301.0M	$23.0M
Q1 25	$331.0M	$-2.0M
Q4 24	$639.0M	$-7.0M
Q3 24	$679.0M	$-7.0M
Q2 24	$345.0M	$-5.0M
Q1 24	$382.0M	$7.0M

Free Cash Flow

AWK

RXO

Q4 25	$-385.0M	$-9.0M
Q3 25	$-33.0M	$9.0M
Q2 25	$-432.0M	$9.0M
Q1 25	$-217.0M	$-17.0M
Q4 24	$-255.0M	$-19.0M
Q3 24	$-4.0M	$-18.0M
Q2 24	$-325.0M	$-16.0M
Q1 24	$-227.0M	$-4.0M

FCF Margin

AWK

RXO

Q4 25	-30.3%	-0.6%
Q3 25	-2.3%	0.6%
Q2 25	-34.0%	0.6%
Q1 25	-19.1%	-1.2%
Q4 24	-21.2%	-1.1%
Q3 24	-0.3%	-1.7%
Q2 24	-28.5%	-1.7%
Q1 24	-22.6%	-0.4%

Capex Intensity

AWK

RXO

Q4 25	82.5%	1.1%
Q3 25	54.8%	1.0%
Q2 25	57.6%	1.0%
Q1 25	48.3%	1.0%
Q4 24	74.4%	0.7%
Q3 24	51.4%	1.1%
Q2 24	58.8%	1.2%
Q1 24	60.7%	1.2%

Cash Conversion

AWK

RXO

Q4 25	2.79×	—
Q3 25	2.02×	—
Q2 25	1.04×	—
Q1 25	1.61×	—
Q4 24	2.67×	—
Q3 24	1.94×	—
Q2 24	1.25×	—
Q1 24	2.06×	—

Financial Flow Comparison

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

Revenue Breakdown by Segment

AWK

Water Services	$1.0B	81%
Other	$127.0M	10%
Wastewater Services	$101.0M	8%
Miscellaneous Utility Charge	$11.0M	1%

RXO

Retail Sector	$546.0M	37%
Last Mile	$298.0M	20%
Food And Beverage Sector	$225.0M	15%
Other Sector	$185.0M	13%
Managed Transportation	$133.0M	9%
Automotive Sector	$93.0M	6%