American Water Works Company, Inc.
AWKHIGH VELOCITYFILING INTENSITYAmerican Water Works Company, Inc. reads as High Velocity (composite 78/100); pressure / disclosure signals dominate the posture this cycle · primary market Waste.
Lens
Disclosed M&A capital (2023–2025)
N/A
vs N/A in 2020–2022
Disclosed transactions
N/A
0/3 active fiscal years in window
Buyer archetype
N/A
Insufficient acquisition disclosure for archetype classification.
Composite score
78
High Velocity dominates · Filing Intensity
American Water Works (AWK) is a public-company acquirer in regulated water. Current capacity: $137M cash, $14.1B total debt, 5.0x net leverage (stressed). Stretched past the 5.0x HY threshold; equity issuance or asset sales likely required for any debt-funded acquisition.
- ▸Insufficient strategy signal in filings to draft a next-move thesis.
Behavioral posture, nine reads.
Each index scores the issuer 0–100 against an EDGAR-anchored definition. Scores ≥ threshold elevate the issuer into the index's constituent set; the dominant index drives the masthead label.
Active Acquirer
Companies actively deploying disclosed capital into M&A
- Filed within 18d
Buyer Cadence
Buyer-side companies with recent filing activity
- Filed within 18d
- 298 8-Ks
Target Probability
Issuers showing target-side patterns from filings
- Control-process language
Spin/Carve
Issuers showing spin-off, carve-out, or sum-of-parts posture
Pressure Watch
Issuers facing activism, governance, or control pressure
- Control-process filings
Distress Watch
Issuers showing financial-distress filing patterns
Restatement Risk
Issuers with accounting-integrity flags from filings
Capital Velocity
DominantIssuers with the highest filing-activity intensity
- 298 8-Ks
- Filed within 18d
- 4 form types
Quiet Power
Large issuers with low signal volume and clean disclosure cadence
- Enterprise value $40B
- 10-Q 27d ago
- 2 active signals
Capital cadence.
No disclosed M&A capital in the 10-year window.
This issuer has not disclosed material acquisition spend or count in the last ten fiscal years.
Market context.
Where this issuer sits inside its SE-Cluster rollup wedge, with disclosed-spend rank plus trading comparables against the public peer set.
Primary market
Waste
- Market spend (2023–2025)
- $24.4B
- Market spend (2020–2022)
- $21.3B
- Recent vs prior
- +15%
- Issuer rank in market
- N/A
- Share of market capital
- 0.0%
Valuation positioning
AWK trades at a +0.3-turn premium to the Waste peer median of 14.1×.
- EV / Revenue
- 7.7×
- Net debt / EBITDA
- 5.1×
- Peer median EV / EBITDA
- 14.1×
Trading comparables
FMP market data · 2026-05-10
| Company | EV / EBITDA | EV / Rev | Net debt / EBITDA | Revenue | M&A 2023–2025 |
|---|---|---|---|---|---|
| 15.3× | 5.8× | 3.0× | $679M | N/A | |
American Water Works Company, Inc.AWK | 14.4× | 7.7× | 5.1× | $5.2B | N/A |
| 14.4× | 7.0× | 3.9× | $199M | N/A | |
| 14.1× | 7.4× | 6.2× | $2.6B | $103M | |
| 13.0× | 4.2× | 5.1× | $1B | N/A | |
H2o AmericaHTO | 12.2× | 4.6× | 5.6× | $816M | $547M |
Trading multiples from FMP market data; disclosed M&A spend from the SE-Cluster EDGAR 10-K corpus. Peer set = top disclosed buyers in Waste. Bars scaled to the highest EV/EBITDA in the set.
Buyer landscape.
Public buyers whose stated archetypes, target categories, and recent cadence align with this issuer as a plausible acquisition target. Scores cross EDGAR signal and disclosure overlap.
Likely buyers
No public buyers surface as a strong target-side fit on current signal.
Likely sellers / divestiture partners
No reciprocal divestiture / strategic-alternatives matches identified.
Filing activity & signal stream.
Filing cadence and event-driven signals visible on EDGAR. The signal stream below is curated from restatement / spin-carve / activism categories, providing context for any near-term call.
Filing cadence
- 10-K (annual)192026-02-18
- 10-Q (quarterly)562026-04-29
- 8-K (event)2982026-04-29
- Proxy / DEF 14A492026-05-08
- Activism (13D / DFAN / PREC)0N/A
Signals on file
- info
Signal
Recent transaction activity
- info
Signal
Control-process filings
Audited corpus.
No audited record on file for this CIK in the current v6 corpus.
This issuer has not been extracted into the v6 audited acquirer corpus yet. The brief above pulls from ranking-level aggregates and issuer-index signal only.