Essential Utilities, Inc.

WTRGNYSEUtilities● Active

$37.09

$-0.28(-0.74%)

Market Cap$10.5B

P/E Ratio—

52W High$42.37

52W Low$36.11

Avg Volume2.0M

Open$37.06

Beta0.65

Free Cash Flow Financials Revenue

Essential Utilities, Inc. (WTRG) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

WTRG · free cash flow · updated Jun 8, 2026

Core FCF metrics

WTRG · FCF · TTM · margin & CAGR

Free cash flow was −$419.5M for FY2025 (fiscal year ending 2025-12-31), up 25.0% year-over-year The FCF margin was -16.9%.

FY2025 Free Cash Flow−$419.5M▲ +25.0% YoY

Trailing 12M (TTM)−$507.0Mtrailing 4 quarters sum

FCF Margin-16.9%−$419.5M ÷ revenue

3-Year CAGRN/AN/A — contains negative FCF

5-Year CAGRN/AN/A — contains negative FCF

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

WTRG · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$1.01B(1.43B)−$419.5M▲ +25.0%-16.9%

FY2024$770.3M(1.33B)−$559.4M▼ 110.7%-26.8%

FY2023$933.6M(1.20B)−$265.5M▲ +42.6%-12.9%

FY2022$600.3M(1.06B)−$462.5M▼ 23.0%-20.2%

FY2021$644.7M(1.02B)−$375.8M▼ 14.7%-20.0%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

WTRG · P/FCF · FCF yield · FCF per share

Essential Utilities, Inc. (WTRG) reported negative free cash flow of −$0.42B. FCF-based valuation ratios are not meaningful when FCF is negative.

FCF Yield (TTM)

N/A

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

N/A

TTM FCF ÷ Shares Outstanding

Price / FCF

N/A

Share Price ÷ FCF per Share

EV / FCF (TTM)

N/A

Enterprise Value basis

FCF-based valuation ratios are only meaningful when free cash flow is positive. Negative FCF indicates capital expenditures exceeded operating cash flow.

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

WTRG · cash flow statement · operating / investing / financing

For FY2025, Essential Utilities, Inc. generated $1.01B in operating cash flow and spent 1.43B in capital expenditures, yielding −$419.5M in free cash flow.

Operating Activities

+$1.01B

Cash from core business operations

2025-12-31

Investing Activities

−$1.51B

CapEx, acquisitions & investments

2025-12-31

Financing Activities

+$525.9M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($1.01B) − |CapEx| (1.43B) = FCF (−$419.5M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Utilities)

WTRG vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Essential Utilities, Inc.YOU

WTRG

−$419.5M+25.0%-17.0%

Loss

Constellation Energy Corporation

CEG

$1.29B+125.6%5.0%

35%

Duke Energy Corporation

Utilities · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Essential Utilities, Inc. (WTRG) reported free cash flow of −$419.5M for FY2025 (fiscal year ending 2025-12-31), up 25.0% year-over-year. The FCF margin was -16.9%.

Based on available data, Essential Utilities, Inc. has maintained positive free cash flow for at least 6 fiscal year(s). FCF peaked at $59.6M in FY2013.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

WTRG free cash flow · 8 questions

Essential Utilities, Inc. free cash flow was −$419.5M for FY2025, up 25.0% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at −$507.0M.

WTRG free cash flowWTRG FCFWTRG FCF 2025WTRG free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Essential Utilities, Inc. · Essential Utilities, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026