WTRG (Essential Utilities, Inc.) Stock Financials & Earnings | Market Cap Arena

WTRG (Essential Utilities, Inc.) Stock Financials & Earnings | Market Cap Arena

WTRGEssential Utilities, Inc.

Mkt Cap$11B

Utilities·Regulated Water·🇺🇸 United States·NYSE

Revenue (TTM)$2.5B

Net Income (TTM)$616M

EPS (TTM)$2.21

Free Cash Flow (TTM)-$456M

Gross Margin53.5%

Op. Margin37.2%

Net Margin24.9%

FCF Margin-18.4%

P/S Ratio (TTM)4.6x

P/E Ratio (TTM)18.4x

YoY Rev Growth+18.6%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$726M	$332M	$225M
Q2 23	$437M	$261M	$155M
Q3 23	$411M	$248M	$137M
Q4 23	$479M	$285M	$174M
Q1 24	$612M	$345M	$231M
Q2 24	$434M	$258M	$145M
Q3 24	$435M	$272M	$155M
Q4 24	$604M	$346M	$227M
Q1 25	$784M	$461M	$339M
Q2 25	$515M	$310M	$185M
Q3 25	$477M	$301M	$170M
Q4 25	$699M	$251M	$227M

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q1 23	4.9x	24.8x
Q2 23	4.9x	24.3x
Q3 23	5.0x	23.7x
Q4 23	5.5x	22.8x
Q1 24	5.8x	19.8x
Q2 24	5.9x	20.4x
Q3 24	5.8x	20.8x
Q4 24	5.4x	19.0x
Q1 25	5.0x	18.5x
Q2 25	4.8x	17.6x
Q3 25	4.8x	17.0x
Q4 25	4.6x	18.4x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	$402M	$158M
Q2 23	$220M	-$84M
Q3 23	$183M	-$144M
Q4 23	$129M	-$196M
Q1 24	$241M	-$12M
Q2 24	$186M	-$110M
Q3 24	$196M	-$188M
Q4 24	$148M	-$249M
Q1 25	$300M	$29M
Q2 25	$272M	-$70M
Q3 25	$233M	-$174M
Q4 25	$206M	-$241M

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$244M
Q2 23	$304M
Q3 23	$327M
Q4 23	$325M
Q1 24	$253M
Q2 24	$296M
Q3 24	$384M
Q4 24	$397M
Q1 25	$271M
Q2 25	$342M
Q3 25	$407M
Q4 25	$447M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	+3.9%	+6.2%
Q2 23	-2.7%	-9.5%
Q3 23	-5.4%	-11.3%
Q4 23	-32.0%	-43.0%
Q1 24	-15.7%	-23.9%
Q2 24	-0.5%	+2.7%
Q3 24	+5.8%	+2.3%
Q4 24	+26.1%	+23.7%
Q1 25	+28.0%	+16.6%
Q2 25	+18.5%	+14.0%
Q3 25	+9.6%	+9.6%
Q4 25	+15.7%	+25.0%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$3M	0.5%
Q2 23	$4M	0.8%
Q3 23	$2M	0.5%
Q4 23	$2M	0.5%
Q1 24	$1M	0.2%
Q2 24	$3M	0.6%
Q3 24	$2M	0.4%
Q4 24	$4M	0.7%
Q1 25	$3M	0.3%
Q2 25	$4M	0.8%
Q3 25	$0	0.0%
Q4 25	$1M	0.1%

Revenue Segments

Quarter	Natural Gas	Other	Wastewater	Water
Q1 23	$440M	$6M	$45M	$215M
Q2 23	$139M	$3M	$46M	$244M
Q3 23	$95M	$3M	$49M	$258M
Q4 23	$188M	$3M	$47M	$231M
Q1 24	$323M	$3M	$49M	$228M
Q2 24	$128M	$7M	$48M	$252M
Q3 24	$97M	$7M	$52M	$280M
Q1 25	$472M	$15M	$51M	$247M
Q2 25	$177M	$8M	$56M	$274M

Revenue by Geography

Quarter	Water
Q4 25	$693M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$20M	$0	$20M
Q2 23	$12M	$0	$12M
Q3 23	$9M	$0	$9M
Q4 23	$5M	$0	$5M
Q1 24	$35M	$0	$35M
Q2 24	$19M	$0	$19M
Q3 24	$8M	$0	$8M
Q4 24	$9M	$0	$9M
Q1 25	$21M	$0	$21M
Q2 25	$25M	$0	$25M
Q3 25	$6M	$0	$6M
Q4 25	$35M	$0	$35M

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	265M	+0.5%
Q2 23	265M	+0.0%
Q3 23	267M	+0.9%
Q4 23	274M	+2.4%
Q1 24	274M	+0.1%
Q2 24	274M	+0.1%
Q3 24	275M	+0.2%
Q4 24	275M	+0.2%
Q1 25	276M	+0.2%
Q2 25	281M	+1.8%
Q3 25	282M	+0.6%
Q4 25	284M	+0.5%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 14	$482K	2K
FY 15	$504K	2K
FY 16	$529K	2K
FY 17	$529K	2K
FY 18	$534K	2K
FY 19	$562K	2K
FY 20	$460K	3K
FY 21	$585K	3K
FY 22	$718K	3K
FY 23	$630K	3K
FY 24	$634K	3K
FY 25	$749K	3K