A Business at a Glance
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The Company Essential Utilities, Inc., referred to as “Essential Utilities”, “Essential”, the “Company”, “we”, “us”, or “our”, a Pennsylvania corporation, is the holding company for regulated utilities providing water, wastewater, or natural gas services to an estimated 5.5 million people in Pennsylvania, Ohio, Texas, Illinois, North Carolina, New Jersey, Indiana, Virginia, and Kentucky under the Aqua and Peoples brands. One of our largest operating subsidiaries, Aqua Pennsylvania, Inc., or Aqua Pennsylvania, accounted for approximately 57% of operating revenues and approximately 72% of income for our Regulated Water segment in 2025. As of December 31, 2025, Aqua Pennsylvania provided water or wastewater services to approximately one-half of the total number of water and wastewater customers we serve. Aqua Pennsylvania’s service territory is located in the suburban areas in counties north and west of the City of Philadelphia and in 28 other counties in Pennsylvania.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 2.5B | 2.5B | 2.1B | 2.1B | 2.3B | 1.9B |
| Net Income | 616M | 616M | 595M | 498M | 465M | 432M |
| EPS | $2.20 | $2.20 | $2.17 | $1.86 | $1.77 | $1.67 |
| Free Cash Flow | 865M | 865M | 635M | 831M | 498M | 549M |
| ROIC | 6.1% | 6.4% | 5.7% | 5.6% | 5.7% | 5.7% |
| Gross Margin | 67.4% | 67.4% | 68.5% | 64.2% | 53.3% | 59.0% |
| Debt/Equity | 1.18 | 1.18 | 1.22 | 1.16 | 1.26 | 1.15 |
| Dividends/Share | $1.33 | $1.34 | $0.33 | $0.31 | $0.29 | $1.04 |
| Operating Income | 921M | 921M | 758M | 692M | 661M | 603M |
| Operating Margin | 37.2% | 37.2% | 36.3% | 33.7% | 28.9% | 32.1% |
| ROE | 9.0% | 9.4% | 9.8% | 8.8% | 8.8% | 8.7% |
| Shares Outstanding | 280M | 280M | 274M | 268M | 263M | 258M |
Essential Utilities, Inc. passes 5 of 9 quality checks, suggesting mixed fundamentals.
Essential Utilities, Inc. trades at 18.0x trailing earnings, compared to its 15-year median P/E of 23.8x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 13.0x vs a median of 21.9x. The company's 5-year average ROIC is 5.8% with a gross margin of 62.5%. Total shareholder yield (dividends) is 3.4%. At current prices, the estimated annualized return to fair value is +14.7%.
Essential Utilities, Inc. (WTRG) has a current P/E ratio of 18.0, compared to its historical median P/E of 23.8. The stock is currently considered Fair based on its historical valuation range.
Essential Utilities, Inc. (WTRG) has a 5-year average return on invested capital (ROIC) of 5.8%. This is below average and may indicate limited pricing power.
Essential Utilities, Inc. (WTRG) has a market capitalization of $11.1B. It is classified as a large-cap stock.
Yes, Essential Utilities, Inc. (WTRG) pays a dividend with a trailing twelve-month yield of 3.37%. The company also returns capital through share buybacks, with a buyback yield of 0.02%.
Based on historical P/E analysis, Essential Utilities, Inc. (WTRG) appears fair. The current P/E of 18.0 is 24% below its historical median of 23.8. The estimated fair value CAGR (P/E method) is 13.4%.
Essential Utilities, Inc. (WTRG) operates in the Water Supply industry, within the Utilities sector.
Essential Utilities, Inc. (WTRG) reported annual revenue of $2.5 billion in its most recent fiscal year, based on SEC EDGAR filings.
Essential Utilities, Inc. (WTRG) has a net profit margin of 24.9%. This is a strong margin indicating high profitability.
Essential Utilities, Inc. (WTRG) generated $865 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Essential Utilities, Inc. (WTRG) has a debt-to-equity ratio of 1.18. This indicates moderate leverage.
Essential Utilities, Inc. (WTRG) reported earnings per share (EPS) of $2.20 in its most recent fiscal year.
Essential Utilities, Inc. (WTRG) has a return on equity (ROE) of 9.4%. This indicates moderate shareholder returns.
Essential Utilities, Inc. (WTRG) has a 5-year average gross margin of 62.5%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 16 years of financial data for Essential Utilities, Inc. (WTRG), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Essential Utilities, Inc. (WTRG) has a book value per share of $24.48, based on its most recent annual SEC filing.