AQN vs AWK vs CWT Stock Comparison

Algonquin Power & Utilities, American Water Works Company and California Water Service Prices as of Oct 23, 2026 Peers: Industry group

Head to Head

12 decided of 12

American Water Works Company leads on 6 of the 12 questions below (American Water Works Company 6, California Water Service 3, Algonquin Power & Utilities 3). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionAQNAWKCWTLeader
Larger companyMarket capitalisation $4.12B $27.76B $2.88B AWK
Cheaper on earningsLower P/E, profitable companies only 29.6x 24.6x 21.6x CWT
Cheaper on forward earningsLower price / next fiscal year consensus EPS 15.9x 24.9x 20.0x AQN
Faster revenue growthRevenue growth, trailing twelve months +5.7% +6.9% +6.4% AWK
More profitableNet margin, trailing twelve months 11.5% 21.3% 12.6% AWK
Better return on capitalReturn on invested capital 3.4% 6.2% 4.4% AWK
Less leveragedLower net debt / EBITDA 7.0x 5.5x 5.0x CWT
Higher dividend yieldTrailing dividend yield 0.07% 0.02% 0.03% AQN
Better 1-year returnPrice return, last 12 months -6.9% +0.1% -3.6% AWK
Better 5-year returnAnnualised price return, 5 years -18.6%/yr -4.1%/yr -4.1%/yr CWT
Less volatileAnnualised volatility, 1 year 25.7% 22.9% 25.0% AWK
Higher overall scoreMean of the five percentile scores vs peers 58/100 55/100 43/100 AQN

Percentile Scorecard

AQNAWKCWT

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisAQNAWKCWT
Valuation 79 #15 of 67 6 #63 of 67 49 #35 of 67
Growth 69 #21 of 65 61 #26 of 65 78 #15 of 65
Profitability 66 #23 of 65 95 #4 of 65 5 #62 of 65
Financial Health 39 #41 of 66 51 #33 of 66 55 #30 of 66
Shareholder Returns 38 #42 of 67 61 #27 of 67 30 #47 of 67
Overall 58 55 43
  • AQN ranked among 67 companies in Regulated Utilities
  • AWK ranked among 67 companies in Regulated Utilities
  • CWT ranked among 67 companies in Regulated Utilities

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodAQNAWKCWTSPY
1 month +6.5%+7.3%+4.3% -1.0%
3 months -11.3%+6.0%-5.2% +2.9%
6 months -14.8%+7.8%+3.6% +6.4%
Year to date -12.2%+9.4%+10.9% +11.4%
1 year -6.9%+0.1%-3.6% +13.1%
3 years +6.9%+21.2%+2.1% +79.4%
3 years, per year +2.3%+6.6%+0.7% +21.5%
5 years -64.3%-18.8%-18.8% +67.7%
5 years, per year -18.6%-4.1%-4.1% +10.9%
10 years -39.5%+99.4%+49.0% +255.2%
10 years, per year -4.9%+7.1%+4.1% +13.5%

Risk

MeasureAQNAWKCWTSPY
Volatility, 1Y 25.7%22.9%25.0% 12.7%
Downside volatility, 1Y 28.3%21.4%25.7% 12.7%
Beta vs S&P 500, 1Y 0.23-0.48-0.27 1.00
Return / volatility, 1Y -0.270.01-0.14 1.03
Max drawdown, 5Y -73.3%-39.7%-41.7% -25.4%
From 52-week high -22.6%-0.3%-8.4% -2.5%
52-week high $6.98$143.25$52.44 $779.14
52-week low $4.99$121.13$42.24 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleAQNAWKCWT
P/E now vs peer median 29.8xmedian 20.8x 24.8xmedian 20.8x 21.8xmedian 20.8x
P/S now vs peer median 3.4xmedian 2.8x 5.4xmedian 2.8x 2.8xmedian 2.8x
EV/EBITDA now vs peer median 11.4xmedian 13.1x 15.3xmedian 13.1x 14.0xmedian 13.1x
P/FCF now vs peer median 26.0xmedian 36.7x -27.5xmedian 36.7x -12.6xmedian 36.7x
P/B now vs peer median 0.8xmedian 1.7x 2.4xmedian 1.7x 1.6xmedian 1.7x
PEG now vs peer median 0.85median 2.27 3.15median 2.27 0.84median 2.27

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsAQNAWKCWT
Revenue $1.21B $5.28B $1.05B
Gross profit -$435.80M – –
Operating income $525.40M $1.95B $185.28M
Net income $167.50M $1.13B $133.21M
Free cash flow $159.40M -$1.03B -$235.73M
EPS (diluted) $0.18 $5.76 $2.20
Cash & equivalents $55.00M $191.00M $43.45M
Total debt $6.64B $15.99B $6.44B
Shares (diluted) 772.41M 196.00M 60.43M
Enterprise value $3.92B $27.16B $2.65B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricAQNAWKCWT
P/E 29.8x 24.8x 21.8x
P/FCF 26.0x -27.5x -12.6x
P/Operating cash flow 4.0x 12.2x 9.1x
P/S 3.4x 5.4x 2.8x
P/B 0.8x 2.4x 1.6x
P/Tangible book 0.8x 2.4x 1.6x
EV/EBITDA 11.4x 15.3x 14.0x
EV/EBIT 20.4x 22.6x 24.9x
EV/Revenue 8.9x 8.4x 4.4x
EV/FCF 67.3x -42.9x -19.5x
EV/Operating cash flow 10.5x 18.9x 14.0x
PEG (3Y EPS CAGR) 0.85 3.15 0.84

Growth

14 metrics
MetricAQNAWKCWT
Revenue growth (1Y) 5.7% 6.9% 6.4%
Revenue CAGR (3Y) -5.3% 9.3% 10.0%
Gross profit growth (1Y) 5.7% – –
Gross profit CAGR (3Y) 6.1% – –
Operating income growth (1Y) 14.0% 8.3% 7.0%
Operating income CAGR (3Y) -5.8% 11.0% 27.4%
Net income growth (1Y) 112.7% 4.2% -1.9%
Net income CAGR (3Y) 52.3% 8.1% 28.6%
EPS growth (1Y) 153.3% 3.6% -3.2%
EPS CAGR (3Y) 35.1% 7.9% 25.8%
Operating cash flow growth (1Y) 6.7% 19.7% 27.6%
Operating cash flow CAGR (3Y) 11.6% 12.8% 19.7%
Free cash flow growth (1Y) -45.1% -13.4% -3.1%
Free cash flow CAGR (3Y) 28.6% -7.5% -11.7%

Profitability

14 metrics
MetricAQNAWKCWT
Gross margin -36.1% – –
EBITDA margin 77.8% 54.6% 31.2%
Operating margin 43.6% 36.9% 17.6%
Pretax margin 16.2% 27.3% 10.3%
Net margin 11.5% 21.3% 12.6%
FCF margin 13.2% -19.5% -22.4%
Operating cash flow margin 85.2% 44.2% 31.1%
Return on equity 1.5% 9.9% 7.6%
Return on assets – 3.1% 2.3%
Return on invested capital 3.4% 6.2% 4.4%
Return on capital employed – 6.0% 3.5%
Asset turnover – 0.1x 0.2x
Cash conversion (OCF / net income) 6.1x 2.1x 2.5x
Stock comp / revenue 1.0% – –

Financial Health

11 metrics
MetricAQNAWKCWT
Debt / assets 47.7% 43.9% 28.2%
Debt / equity 1.3x 1.4x 0.9x
Net debt / EBITDA 7.0x 5.5x 5.0x
Debt / FCF 41.6x -15.5x -7.1x
Liabilities / assets 64.3% 68.0% 69.6%
Equity / assets 35.7% 32.0% 30.4%
Interest coverage 1.9x 3.0x 2.4x
Current ratio 0.9x 0.5x 0.7x
Quick ratio 0.4x 0.3x 0.3x
Cash ratio 0.1x 0.1x 0.1x
Altman Z-score 0.18 1.07 0.85

Shareholder Returns

7 metrics
MetricAQNAWKCWT
Dividend yield 5.2% 2.4% 2.7%
Net buyback yield -0.2% – -3.3%
Shareholder yield 5.0% 2.4% -0.5%
Payout ratio (earnings) 180.2% 58.3% 56.9%
Payout ratio (FCF) 189.3% -63.9% -32.2%
Dividend growth (1Y) -30.8% 8.0% 6.4%
Dividend CAGR (3Y) -17.9% 9.9% 10.4%

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusAQNAWKCWT
Forward P/E 15.9xFY2026 24.9xFY2026 20.0xFY2026
EPS, next fiscal year $0.34FY2026 $5.73FY2026 $2.40FY2026
EPS growth, next FY 0.0%FY2026 +0.7%FY2026 +11.6%FY2026
EPS growth, the year after +17.6% +10.6% +16.7%
Revenue, next fiscal year $2.45BFY2026 $5.14BFY2026 $1.06BFY2026
Revenue growth, next FY +0.9%FY2026 +0.0%FY2026 +6.0%FY2026
Revenue growth, the year after +14.7% +9.9% +15.0%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersAQNAWKCWT
Held by institutions 68.7% 100.0% 89.2%
Institutions holding 241 1,128 343
Change in shares held, QoQ +2.1% +8.0% +9.0%
Institutions buying 129 530 192
Institutions selling 67 416 95
Buyers to sellers 1.93 1.27 2.02

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

AQNAWKCWT
AQN 1.00 0.18 0.21
AWK 0.18 1.00 0.69
CWT 0.21 0.69 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, AQN, AWK and CWT?

American Water Works Company (AWK) is the largest by market capitalisation: Algonquin Power & Utilities (AQN) $4.12B, American Water Works Company (AWK) $27.76B, California Water Service (CWT) $2.88B.

Which stock is cheaper, AQN, AWK and CWT?

California Water Service (CWT) trades on the lowest price-to-earnings ratio (Algonquin Power & Utilities (AQN) 29.6x, American Water Works Company (AWK) 24.6x, California Water Service (CWT) 21.6x). On next year's consensus earnings, Algonquin Power & Utilities (AQN) is cheapest (Algonquin Power & Utilities (AQN) 15.9x, American Water Works Company (AWK) 24.9x, California Water Service (CWT) 20.0x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

American Water Works Company (AWK) grew revenue fastest over the trailing twelve months: Algonquin Power & Utilities (AQN) +5.7%, American Water Works Company (AWK) +6.9%, California Water Service (CWT) +6.4%.

Which company is more profitable?

American Water Works Company (AWK) has the highest net margin (Algonquin Power & Utilities (AQN) 11.5%, American Water Works Company (AWK) 21.3%, California Water Service (CWT) 12.6%). On return on invested capital, American Water Works Company (AWK) leads (Algonquin Power & Utilities (AQN) 3.4%, American Water Works Company (AWK) 6.2%, California Water Service (CWT) 4.4%).

Which stock has performed better?

Over the past year American Water Works Company (AWK) returned the most: Algonquin Power & Utilities (AQN) -6.9%, American Water Works Company (AWK) +0.1%, California Water Service (CWT) -3.6%. Over five years, California Water Service (CWT) compounded fastest (Algonquin Power & Utilities (AQN) -18.6%/yr, American Water Works Company (AWK) -4.1%/yr, California Water Service (CWT) -4.1%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Algonquin Power & Utilities (AQN) has the highest dividend yield: Algonquin Power & Utilities (AQN) 0.07%, American Water Works Company (AWK) 0.02%, California Water Service (CWT) 0.03%.

Which stock is riskier?

By one-year price volatility, American Water Works Company (AWK) has been the steadiest (Algonquin Power & Utilities (AQN) 25.7%, American Water Works Company (AWK) 22.9%, California Water Service (CWT) 25.0%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, AQN, AWK and CWT?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, American Water Works Company (AWK) leads on 6. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.