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Essential Utilities Inc.

WTRG Utilities Utilities Regulated Water

Essential Utilities Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.5 billion, up 18.6% from fiscal 2024.

Revenue
+6.56%
EPS
+12.1%
Free cash flow
−1.23%
Total debt
+1.34%

Quarter to September 2026, against a year earlier

45.07 1.03 +2.34%
Market cap
$12.5B
P/E
22.6×
Fwd P/E
19.6×
Dividend yield
3.88%
F-score
5/9
Altman Z
0.95
Beneish M
−2.29
Dividend safety
42/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Essential Utilities Inc. (WTRG) Debt to equity

Alert me on Debt to equity

Essential Utilities Inc.'s debt to equity at the end of the quarter to 30 September 2026 was 1.1×, down 0.1× from fiscal 2025 (1.2×). Over the past ten years it has ranged from 0.8× (fiscal 2019) to 1.3× (fiscal 2018); the current reading is higher than 64% of that period. That is above the Utilities Regulated Water industry median of 0.8× and in line with the Utilities sector median of 1.2×.

Debt to equity, annual

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Annual newest first

Period Debt to equity Change
FY2025 1.2× (2.74%)
FY2024 1.2× 3.80%
FY2023 1.2× (5.39%)
FY2022 1.3× 9.68%
FY2021 1.2× (4.77%)
FY2020 1.2× 52.83%
FY2019 0.8× (37.79%)
FY2018 1.3× 17.29%
FY2017 1.1× 5.99%
FY2016 1.0× (0.28%)

Quarterly newest first

Period Debt to equity Change
Sep 2026 1.1× (7.03%)
Jun 2026 1.2× (0.83%)
Mar 2026 1.2× 1.18%
Dec 2025 1.2× 3.90%
43 more quarters

Against its own ten years

Low 0.8× High 1.3×
Ten-year median 1.2×
Current reading's percentile 64

Debt to equity against peers

Company Debt to equity
CWCO Consolidated Water Co. Ltd. compare 0.0×
YORW The York Water Company compare 0.6×
MSEX Middlesex Water Company compare 0.7×
AWR American States Water Company compare 0.8×
CWT California Water Service Group compare 0.9×
HTO H2O America compare 0.9×
SBS Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp compare 1.1×
WTRG Essential Utilities Inc. 1.2×
AWK American Water Works Company, Inc. compare 1.2×
Utilities Regulated Water industry median 0.8×
Utilities sector median 1.2×
Market median 0.2×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

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