Essential Utilities (WTRG) Operating Margin (2009 - 2026)
Essential Utilities' Operating Margin was 36.41% in Q2 2026, up 0.43 percentage points from 35.98% a year earlier and up 0.36 percentage points from the prior quarter.
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Analysis
Essential Utilities (WTRG) Operating Margin (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Essential Utilities' Operating Margin was 35.06% through Jun 30, 2026, down 3.68 percentage points year-over-year; for FY2025, it was 37.22%, up 0.90 percentage points from FY2024.
- Operating Margin has now increased for three consecutive years, with a five-year change of +7.50 percentage points (FY2020 to FY2025).
- In earlier years, Operating Margin was 36.32% in FY2024 (+2.62 pp), 33.70% in FY2023 (+4.80 pp), 28.90% in FY2022 (-3.19 pp) and 32.09% in FY2021 (+2.37 pp).
- The Q2 2026 figure marks the highest quarterly Operating Margin since Q1 2025.
- Compared with a year earlier, Operating Margin was higher in five of the last eight quarters, with an average year-over-year change of -0.04 percentage points.
- The best year-over-year quarter for Operating Margin over five years was Q4 2023 (a gain of 12.19 percentage points); the worst was Q1 2022 (a drop of 7.26 percentage points).
- Per Business Quant data, WTRG's Operating Margin in the three quarters before Q2 2026 was 36.05% (Q1 2026), 32.47% (Q4 2025) and 35.59% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enel Chile | 293.96 Bn | 293.96 Bn | 890.00 Mn | 30.20% |
| 2 | National Grid | 78.23 Bn | 59.76 Bn | - | - |
| 3 | Dominion Energy | 53.03 Bn | 55.71 Bn | - | 7.34% |
| 4 | Xcel Energy | 43.33 Bn | 38.23 Bn | - | 22.64% |
| 5 | Wec Energy | 33.06 Bn | 33.29 Bn | 1.51 Bn | 20.99% |
| 6 | Ameren | 27.51 Bn | 27.60 Bn | - | 21.94% |
| 7 | Fortis | 26.94 Bn | 27.43 Bn | 1.60 Bn | 27.43% |
| 8 | Atmos Energy | 26.53 Bn | 25.30 Bn | 870.85 Mn | 36.45% |
| 9 | American Water Works Company | 25.62 Bn | 25.03 Bn | - | 40.00% |
| 10 | Essential Utilities | 11.05 Bn | 10.93 Bn | - | 36.41% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 36.41% |
| Mar 31, 2026 | 36.05% |
| Dec 31, 2025 | 32.47% |
| Sep 30, 2025 | 35.59% |
| Jun 30, 2025 | 35.98% |
| Mar 31, 2025 | 43.25% |
| Dec 31, 2024 | 37.50% |
| Sep 30, 2024 | 35.63% |
| Jun 30, 2024 | 33.44% |
| Mar 31, 2024 | 37.69% |
| Dec 31, 2023 | 36.29% |
| Sep 30, 2023 | 33.41% |
| Jun 30, 2023 | 35.55% |
| Mar 31, 2023 | 31.04% |
| Dec 31, 2022 | 24.09% |
| Sep 30, 2022 | 28.96% |
| Jun 30, 2022 | 30.69% |
| Mar 31, 2022 | 32.55% |
| Dec 31, 2021 | 26.06% |
| Sep 30, 2021 | 28.04% |
API Access
Essential Utilities Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=WTRG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "WTRG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=WTRG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();