Saturday 17 October 2026 Export MWA’s income statement to Excel — free account

MUELLER WATER PRODUCTS

MWA Industrials Specialty Industrial Machinery

MUELLER WATER PRODUCTS’s revenue for fiscal 2025 (year ended September 2025) was $1.4 billion, up 8.75% from fiscal 2024. In the quarter to June 2026, revenue grew 4.10%, EPS grew 26.5%, free cash flow grew 70.9% and total debt was flat, each against the same quarter a year earlier. Dividend growth for ten consecutive years, revenue growth for five; insiders bought in the last twelve months.

21.77 0.12 +0.55%

Follow MWA

Alert me

Market cap: $3.4B
P/E: 15.2×
Fwd P/E: 17.8×
Dividend yield: 1.29%
F-score: 7/9
Altman Z: 4.39
Beneish M: −2.50
Dividend safety: 89/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.86

Total sells 4.84

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	1	1	—	—	1	—	1	—	—	1
Sell	—	2	—	1	1	—	1	—	—	3	2	—

Insider Ownership 0.84%

Capital & Financial Ratios $m

Market Cap 3,380.00

Revenue 1,479.30

Net Income 222.20

Free Cash Flow 180.90

Net Debt (42.40)

Current Ratio 4.64

Debt/Equity 0.40

P/E ratio 15.22

Fwd P/E 17.80

P/S ratio 2.30

P/B ratio 3.04

Past 5Y EPS Growth 22.08%

This Y EPS Growth 19.54%

Next Y EPS Growth 0.26%

Next Y revenue growth 3.17%

Next 5Y EPS Growth 6.30%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 10.39%

10-year low 10-year high

P/S against its own 10 years 63.10%

10-year low 10-year high

P/B against its own 10 years 32.33%

10-year low 10-year high

EV/Sales against its own 10 years 48.43%

10-year low 10-year high

EV/FCF against its own 10 years 10.53%

10-year low 10-year high

Dividends

Payout Ratio 0.20

Annual Dividend Rate 0.28

Annual Dividend Yield 1.29%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	0.29	0.07 0.07 0.07
2025	0.27	0.07 0.07 0.07 0.07
2024	0.26	0.06 0.06 0.06 0.07
2023	0.25	0.06 0.06 0.06 0.06
2022	0.24	0.06 0.06 0.06 0.06
2021	0.22	0.06 0.06 0.06 0.06
2020	0.21	0.05 0.05 0.05 0.06
2019	0.21	0.05 0.05 0.05 0.05
2018	0.20	0.05 0.05 0.05 0.05
2017	0.16	0.04 0.04 0.04 0.04
2016	0.11	0.02 0.03 0.03 0.03

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	160	310	432	495
Receivables	217	209	212	203
Inventory	298	302	329	380
Other	32	38	57	52
	707	858	1,029	1,130

	2023	2024	2025	Q'26
Payables	103	110	134	131
ST’ Debt	1	1	1	2
Other	115	147	155	111
	219	258	290	244

Compound Annual Growth %

	10y	5y	3y
Sales	6.07%	8.20%	4.65%
Cash Flow	14.21%	9.34%	61.25%
Earnings	20.02%	21.63%	35.77%
Book Value	10.32%	8.91%	13.62%

Revenue $m

	Dec	Mar	Jun	Sep	Year
’26	318	384	396	—	—
’25	304	364	380	381	1,430
’24	256	353	357	348	1,315
’23	315	333	327	301	1,276
’22	272	311	333	331	1,247
’21	237	268	311	296	1,111
’20	213	258	229	265	964

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Dec	Mar	Jun	Sep	Year
’26	61	(13)	106	—	—
’25	54	14	67	84	219
’24	68	(6)	87	89	239
’23	(6)	(16)	75	57	109
’22	20	(19)	20	32	52
’21	34	29	60	33	157
’20	(12)	9	81	63	140

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Dec	Mar	Jun	Sep	Year
’26	44	(27)	95	—	—
’25	42	5	56	69	172
’24	62	(16)	75	70	192
’23	(11)	(26)	63	42	67
’22	9	(34)	9	14	(2)
’21	19	14	45	17	95
’20	(27)	(13)	67	46	73

Fiscal quarters ending in the months shown.

EPS $

	Dec	Mar	Jun	Sep	Year
’26	0.27	0.38	0.43	—	—
’25	0.22	0.33	0.33	0.33	1.22
’24	0.09	0.28	0.30	0.06	0.74
’23	0.14	0.14	0.16	0.11	0.55
’22	0.12	0.15	0.17	0.05	0.48
’21	0.11	0.13	0.09	0.12	0.44
’20	0.06	0.15	0.07	0.17	0.45

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	7.52	10.84	8.47	8.85	6.64	11.77	9.90	10.74	13.49	21.35	Analyst estimates 2026–2028 Powerpack
	High	14.20	14.02	12.83	12.26	12.71	17.37	14.60	16.62	26.28	28.58
People
People	Employees	3,900	2,600	2,700	3,100	3,100	3,400	3,600	3,200	3,400	3,500
	Revenue/emp, $m	0.21	0.32	0.34	0.31	0.31	0.33	0.35	0.40	0.39	0.41
Income, $m
Income, $m	Revenue	801	826	916	968	964	1,111	1,247	1,276	1,315	1,430
	Gross margin, %	33.59	32.43	31.65	33.15	34.04	32.27	29.20	29.75	34.91	36.14
	EBT	69	79	96	82	94	95	99	109	163	254
	EBT margin, %	8.66	9.50	10.45	8.48	9.76	8.54	7.90	8.54	12.43	17.78
	Net income	64	123	106	64	72	70	77	86	116	192
	Depreciation	40	42	44	53	58	60	61	63	66	47
Per share, $
Per share, $	Revenue	4.96	5.16	5.79	6.13	6.11	7.01	7.93	8.16	8.43	9.14
	Earnings	0.40	0.77	0.67	0.40	0.46	0.44	0.49	0.55	0.74	1.23
	Cash flow	0.71	0.37	0.84	0.59	0.89	0.99	0.33	0.70	1.53	1.40
	Capex	(0.19)	(0.25)	(0.30)	(0.53)	(0.43)	(0.39)	(0.35)	(0.27)	(0.30)	(0.30)
	Free cash flow	0.52	0.12	0.54	0.05	0.46	0.60	(0.02)	0.43	1.23	1.10
	Book value	2.60	3.06	3.57	3.75	4.06	4.39	4.25	4.55	5.20	6.28
	Shares, m	161	160	158	158	158	158	157	156	156	156
Valuation, ×
Valuation, ×	P/E	31.38	16.71	16.97	27.41	22.59	33.82	20.96	22.87	29.73	20.58
	P/S	2.53	2.49	1.96	1.83	1.70	2.17	1.30	1.54	2.57	2.79
	P/B	4.83	4.21	3.18	2.99	2.56	3.47	2.42	2.76	4.18	4.07
	EV/Sales	2.89	2.64	2.07	2.11	1.95	2.37	1.54	1.77	2.68	2.81
	EV/FCF	27.78	110.63	22.26	249.18	25.80	27.77	(87.53)	47.54	20.47	26.27
Cash, $m
Cash, $m	Operating cash flow	115	59	133	93	140	157	52	109	239	219
	Capex	(31)	(40)	(48)	(84)	(67)	(62)	(55)	(42)	(47)	(47)
	Free cash flow	83	20	85	8	73	95	(2)	67	192	172
Balance, $m
Balance, $m	Working capital	427	529	518	388	426	434	439	488	600	739
	Total debt	484	481	445	446	448	447	447	447	450	452
	Net debt	289	119	98	270	239	219	300	287	140	20
	Shareholders’ equity	420	490	565	592	641	695	669	712	810	982
Returns, %
Returns, %	ROA	5.09	9.71	8.28	4.85	5.27	4.83	5.08	5.69	7.38	11.03
	ROIC	9.89	10.49	11.48	9.01	8.30	9.00	7.19	7.97	11.96	16.26
	ROE	16.23	27.13	20.03	11.03	11.68	10.54	11.23	12.38	15.23	21.40

Negative figures in brackets.

All 10 years →

Fiscal years to Sep 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
MIDD The Middleby Corporation	$4.9B	— (loss-making)	18.9×	+9.88% (above 0%: growing)	−39.80% (below 0%: shrinking)	−544.63% (below 0%: shrinking)	38.27%	16.87%	Compare
CSW CSW Industrials, Inc.	$4.7B	39.4×	29.5×	+33.00% (above 0%: growing)	+25.51% (above 0%: growing)	+20.60% (above 0%: growing)	44.88%	22.77%	Compare
FELE Franklin Electric Co., Inc.	$4.5B	28.6×	21.7×	+6.03% (above 0%: growing)	+12.12% (above 0%: growing)	+122.96% (above 0%: growing)	37.02%	15.03%	Compare
MIR Mirion Technologies, Inc.	$3.9B	158×	104×	+19.69% (above 0%: growing)	−25.00% (below 0%: shrinking)	+1,236.11% (above 0%: growing)	49.89%	6.71%	Compare
MWA MUELLER WATER PRODUCTS	$3.4B	15.2×	17.8×	+4.10% (above 0%: growing)	+26.47% (above 0%: growing)	+70.92% (above 0%: growing)	39.35%	20.36%
SXI Standex International Corporation	$3.3B	30.5×	31.0×	+2.79% (above 0%: growing)	+38.21% (above 0%: growing)	+40.51% (above 0%: growing)	42.69%	16.45%	Compare
CXT Crane NXT, Co.	$3.1B	22.5×	11.3×	+21.96% (above 0%: growing)	+44.19% (above 0%: growing)	+32.44% (above 0%: growing)	42.30%	13.97%	Compare
KAI Kadant Inc	$3.1B	28.4×	29.4×	+22.57% (above 0%: growing)	+23.87% (above 0%: growing)	+15.90% (above 0%: growing)	43.79%	16.26%	Compare
SMR NuScale Power Corporation	$2.6B	— (loss-making)	— (loss-making)	−99.07% (below 0%: shrinking)	n/m	−75.90% (below 0%: shrinking)	(202.67%)	(85,337.33%)	Compare
Median of peers	$3.6B	29.5×	29.4×	+14.78%	+23.87%	+26.52%	42.50%	15.64%

All 76 Specialty Industrial Machinery stocks →

MUELLER WATER PRODUCTS (MWA) key facts

Strength: MUELLER WATER PRODUCTS’s revenue for fiscal 2025 (year ended September 2025) was $1.4 billion, up 8.75% from fiscal 2024.
Strength: Net income was $191.7 million, or $1.23 per share (basic), a net margin of 13.4%.
MUELLER WATER PRODUCTS (MWA) is a Specialty Industrial Machinery company in the Industrials sector, listed on the New York Stock Exchange.
As of October 16, 2026, MWA traded at $21.77, a market capitalization of $3.4 billion.
At that price the stock trades at 15.2× trailing-twelve-month earnings and 2.3× sales; its P/E is higher than 10% of its own readings over the past ten years.
MUELLER WATER PRODUCTS pays an annual dividend of $0.28 per share, a yield of 1.29%, with a payout ratio of 19.9%.
Return on equity was 21.4% and debt-to-equity 0.40.
Its Piotroski F-score is 7 out of 9 and its Altman Z-score is 4.39 (safe zone) for fiscal 2025.