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Xylem Inc.

XYL Industrials Specialty Industrial Machinery

Xylem Inc.’s revenue for fiscal 2025 (year ended December 2025) was $9.0 billion, up 5.52% from fiscal 2024.

Revenue
−2.95%
EPS
+33.1%
Free cash flow
−16.5%
Total debt
+47.6%

Quarter to September 2026, against a year earlier

99.81 1.24 −1.23%
Market cap
$22.9B
P/E
22.1×
Fwd P/E
21.3×
Dividend yield
1.69%
F-score
7/9
Altman Z
4.39
Beneish M
−2.50
Dividend safety
81/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Revenue by segment Fiscal 2025

  • Water Infrastructure
  • Water Solutions and Services
  • Measurement and Control Solutions
  • Applied Water

Every year since 2010 →

Insider Decisions last twelve months

Bought, $m 1.13
Sold, $m 0.50
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — 1 — — — — 1 —
Sell — — — — — 1 — — — — — —
Insider Ownership 1.78%

Capital & Financial Ratios $m

Size
Market Cap 22,940.00
Revenue ttm 9,059.00
Net income ttm 1,071.00
Free cash flow ttm 935.00
Net debt Q 2,187.00
Valuation
P/E 22.14
Forward P/E 21.30
Price / sales 2.56
Forward P/S Powerpack
Price / FCF 24.84
Price / book 2.26
Financial health
Current ratio Q 1.39
Debt / equity Q 0.28 (at or below 0.5: strong)
Interest coverage Q 18.33
Growth
Revenue growth Q −2.95% (below 0%: shrinking)
Operating income growth Q +15.27% (above 0%: growing)
EPS, this year +7.17%
EPS, next year A +7.55%
Revenue, next year A −0.95% (below 0%: weak)
EPS, past 5 yrs +22.87% (at or above 15%: strong)
EPS, next 5 yrs A +8.49%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 2.8×, against a ten-year median of 3.3×; over the ten years it ranged from 1.9× in 2016 to 5.0× in 2021.
P/E against its own 10 years 3.34%
10-year low 10-year high
P/S against its own 10 years 23.54%
10-year low 10-year high
P/B against its own 10 years 2.53%
10-year low 10-year high
EV/Sales against its own 10 years 14.52%
10-year low 10-year high
EV/FCF against its own 10 years 14.01%
10-year low 10-year high

Dividends raised every year since 2017

Yield
1.69%
Annual rate
1.69
Payout ratio
37.5%
Growth, 2017–25
+10.5%/yr
  1. 0.72 ’17
  2. 0.84 ’18 +17
  3. 0.96 ’19 +14
  4. 1.04 ’20 +8
  5. 1.12 ’21 +8
  6. 1.20 ’22 +7
  7. 1.32 ’23 +10
  8. 1.44 ’24 +9
  9. 1.60 ’25 +11
  10. 1.71 ’26e +7
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 1,019 1,121 1,479 708
Receivables 1,617 1,668 1,759 1,965
Inventory 1,018 996 983 1,052
Other — 77 176 —
3,884 4,098 4,641 3,952
2023 2024 2025 Q'26
Payables 968 1,006 1,013 1,055
ST’ Debt 16 38 534 530
Other — 21 72 —
2,205 2,336 2,856 2,842

Compound Annual Growth %

10y 5y 3y
Sales 9.48% 13.13% 17.84%
Cash Flow 10.34% 8.53% 27.70%
Earnings 10.90% 30.38% 39.17%
Book Value 18.62% 31.02% 48.58%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 1.47 Actual 1.44

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 1.42 1.42 Met by 0.00
Q1 FY26 1.09 1.12 Beat by 0.03
Q2 FY26 1.34 1.46 Beat by 0.12
Q3 FY26 1.47 1.44 Miss by 0.03
Q4 FY26 1.46 — Reports 9 February 2027

EPS $

Mar Jun Sep Dec Year
’26 0.79 1.11 1.24 — —
’25 0.69 0.93 0.93 1.37 3.92
’24 0.63 0.80 0.89 1.34 3.65
’23 0.54 0.45 0.63 1.10 2.79
’22 0.45 0.62 0.07 0.82 1.96
’21 0.48 0.62 0.63 0.62 2.35
’20 0.21 0.17 0.20 0.82 1.40
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 2,125 2,336 2,201 — —
’25 2,069 2,301 2,268 2,397 9,035
’24 2,033 2,169 2,104 2,256 8,562
’23 1,448 1,722 2,076 2,118 7,364
’22 1,272 1,364 1,380 1,506 5,522
’21 1,256 1,351 1,265 1,323 5,195
’20 1,123 1,160 1,220 1,373 4,876
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 108 290 331 — —
’25 33 305 360 543 1,241
’24 89 288 311 575 1,263
’23 (19) 28 373 455 837
’22 (81) 113 202 362 596
’21 (26) 232 112 220 538
’20 (2) 181 275 370 824
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 19 211 243 — —
’25 (33) 207 291 462 927
’24 16 217 237 476 946
’23 (68) (26) 301 360 567
’22 (129) 69 149 303 392
’21 (64) 190 66 141 333
’20 (53) 137 235 322 641
Fiscal quarters ending in the months shown.

Valuation

The price implies free cash flow after share-based pay growing 10.8% a year for ten years. It grew 11.0% a year over the last ten.

Implied
10.8%
10 years, reported
11.0%
Open the model

Target Price Range

Analyst price targets

Recommendation Rating

2
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 3,771 4,707 5,207 5,249 4,876 5,195 5,522 7,364 8,562 9,035 9,059 +10.2% 8,949 9,308 9,820 +2.8%
Gross margin, % 38.77 39.24 38.91 38.98 37.53 38.02 37.74 36.90 37.51 38.46 39.79 (0.3) pt
EBT 340 466 585 416 285 511 440 635 1,087 1,181 1,341 +14.8%
EBT margin, % 9.02 9.90 11.23 7.93 5.84 9.84 7.97 8.62 12.70 13.07 14.80 +4.1 pt
Net income 260 330 549 401 254 427 355 609 890 950 1,071 +15.5%
Per share, $
Per share, $ Revenue 21.06 26.21 28.96 29.16 27.07 28.83 30.64 33.94 35.29 37.12 38.93 +6.5%
Earnings 1.45 1.83 3.05 2.21 1.40 2.35 1.97 2.79 3.67 3.93 4.51 +11.7%
Cash flow 2.78 3.82 3.26 4.66 4.58 2.99 3.31 3.86 5.21 5.10 5.47 +7.0%
Capex (0.69) (0.94) (1.32) (1.26) (1.02) (1.14) (1.13) (1.24) (1.31) (1.29) (1.45) +7.3%
Free cash flow 2.09 2.88 1.94 3.41 3.56 1.85 2.18 2.61 3.90 3.81 4.02 +6.9%
Book value 12.32 14.03 15.47 16.48 16.52 17.90 19.44 46.89 43.89 47.21 44.14 +16.1%
Shares, m 179 180 180 180 180 180 180 217 243 243 239 +3.5%
Valuation, ×
Valuation, × P/E 34.24 36.99 21.88 35.49 72.71 50.60 56.51 41.64 31.70 34.74 22.14 41.6
P/S 2.36 2.60 2.30 2.70 3.76 4.16 3.61 3.72 3.29 3.67 2.56 3.2
P/B 4.03 4.85 4.31 4.78 6.16 6.70 5.70 2.69 2.64 2.88 2.26 4.5
EV/Sales 2.90 3.00 2.69 3.01 4.01 4.38 3.80 3.90 3.39 3.72 2.81 3.5
EV/FCF 29.28 27.29 40.14 25.73 30.49 68.38 53.48 50.59 30.70 36.26 27.18 39.2
Cash, $m
Cash, $m Operating cash flow 497 686 586 839 824 538 596 837 1,263 1,241 1,272 +10.7%
Capex (123) (169) (237) (226) (183) (205) (204) (270) (317) (314) (337) +11.0%
Free cash flow 374 517 349 613 641 333 392 567 946 927 935 +10.6%
Balance, $m
Balance, $m Working capital 601 971 705 949 1,567 1,769 1,422 1,679 1,762 1,785 1,110 +12.9%
Net debt 2,060 1,786 2,012 1,592 1,209 1,160 1,005 1,265 895 463 2,187 (15.3%)
Shareholders’ equity 2,207 2,519 2,782 2,967 2,976 3,226 3,503 10,176 10,647 11,491 10,272 +20.1%
Returns, %
Returns, % ROA 4.67 4.96 7.80 5.37 3.09 5.02 4.38 5.06 5.46 5.61 6.25 +0.9 pt
ROIC 5.98 8.01 8.53 6.66 5.48 8.34 8.62 3.56 5.46 6.39 6.88 +0.4 pt
ROE 12.12 14.01 20.71 13.95 8.55 13.77 10.55 8.90 8.55 8.65 10.07 (3.5) pt
People
People Employees 16,000 16,200 17,000 16,300 16,700 17,300 17,800 2,300 23,000 22,000 — +3.6%
Revenue/emp, $m 0.24 0.29 0.31 0.32 0.29 0.30 0.31 3.20 0.37 0.41 — +6.4%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 2 Nov 2026

Business profile

Updated

Xylem is a global water technology company founded in 2011 and headquartered in Washington, D.C. Matthew Pine is President and Chief Executive Officer. It designs, manufactures and services engineered equipment, digital tools and services used across the water cycle.

Its offerings help customers move water from sources, treat drinking water, measure its use, collect and test wastewater, treat wastewater, and return it to the environment. The company also supplies equipment and services for water-related work beyond municipal utilities, including buildings, industrial sites, farms, mines, power plants and commercial customers.

Where the money comes from and where it goes Fiscal 2025

Fiscal 2025: revenue by segment, and margins
Water Infrastructure 2,636 29.18%
Water Solutions and Services 2,464 27.27%
Measurement and Control Solutions 2,086 23.09%
Applied Water 1,849 20.46%
Gross margin 38.46%
Operating margin 13.54%
Pre-tax margin 13.07%

Revenue by segment since 2010

Xylem Inc. vs peers in Specialty Industrial Machinery (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
IR Ingersoll Rand Inc. $31.4B 22.9× 32.9× +5.62% (above 0%: growing) +180.65% (above 0%: growing) +91.49% (above 0%: growing) 44.76% 37.90% Compare
OTIS Otis Worldwide Corporation $30.3B 19.6× 18.9× +6.07% (above 0%: growing) +16.47% (above 0%: growing) −11.54% (below 0%: shrinking) 29.51% 15.84% Compare
DOV Dover Corporation $26.9B 23.5× 22.9× +7.51% (above 0%: growing) +12.73% (above 0%: growing) +3.58% (above 0%: growing) 40.44% 18.77% Compare
XYL Xylem Inc. $22.9B 22.1× 21.3× −2.95% (below 0%: shrinking) +33.08% (above 0%: growing) −16.49% (below 0%: shrinking) 41.21% 17.49%
SYM Symbotic Inc. $21.2B 354× 220× +21.74% (above 0%: growing) n/m +22.12% (above 0%: growing) 22.32% 4.56% Compare
ITT ITT Inc. $17.5B 40.5× 43.4× +44.19% (above 0%: growing) −15.34% (below 0%: shrinking) +93.91% (above 0%: growing) 0.00% 0.00% Compare
NDSN Nordson Corporation $17.3B 31.3× 31.5× +10.27% (above 0%: growing) +22.87% (above 0%: growing) +4.57% (above 0%: growing) 55.49% 27.28% Compare
IEX IDEX Corporation $16.4B 30.8× 31.3× +8.31% (above 0%: growing) +14.94% (above 0%: growing) +13.57% (above 0%: growing) 45.13% 21.86% Compare
CR Crane Company $11.4B 33.5× 31.3× +28.07% (above 0%: growing) +7.91% (above 0%: growing) −0.43% (below 0%: shrinking) 41.69% 18.63% Compare
Median of peers $19.4B 31.0× 31.4× +9.29% +14.94% +9.07% 41.06% 18.70%

All 79 Specialty Industrial Machinery stocks →

From the latest earnings call

Updated

  • CFO Andrea Vanderberg said metering purchases and large projects were converting to revenue more slowly, even as quarterly orders and backlog increased.
  • CEO Matthew Pine announced plans to divest Applied Water International and Specialty Flow Control and reorganize Xylem into three segments beginning in 2027.

Largest institutional holders 13F, quarter to 30 June 2026

Held by institutions 91.40%
Held by the ten largest 44.15%
Holder Shares Stake Change
Vanguard 30.60m 13.11% −450.40k
BlackRock 25.04m 10.72% −615.92k
State Street 11.44m 4.90% +270.97k
Geode Capital Management 6.35m 2.72% −61.72k
UBS 5.71m 2.44% +798.29k
Amundi 5.11m 2.19% −123.63k
Invesco 5.10m 2.19% +1.32m
BNY 4.67m 2.00% +3.49m
Royal Bank of Canada 4.61m 1.97% −158.07k
Impax Asset Management Group plc 4.47m 1.91% −116.56k
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.

Pay and ownership Proxy statement filed 30 March 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 11.29m 13.70m 149.00
2024 10.58m 9.47m 119.00
2023 10.83m 9.67m 116.00
2022 10.15m 7.16m 111.00
2021 10.44m 13.34m 119.00

Ownership

Directors and executive officers, together less than 1%
100 Vanguard Boulevard 11.50%
50 Hudson Yards 10.00%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Xylem Inc. (XYL) Latest News

31 Oct

Impact 3 · · StockStory

30 Oct

Impact 3 · · StockStory

28 Oct

Impact 4 · · Simply Wall St.
Impact 3 · · Simply Wall St.

27 Oct

Impact 4 · · StockStory
Impact 4 · · The Motley Fool transcript
Impact 4 · · Moby transcript
Impact 3 · · Insider Monkey
Impact 3 · · Zacks
Impact 3 · · Zacks
Impact 3 · · StockStory
Impact 3 · · Zacks
Impact 3 · · Associated Press

26 Oct

Impact 4 · · Zacks
Impact 3 · · StockStory

20 Oct

Impact 3 · · Zacks

12 Oct

Impact 3 · · IPO-Edge.com

8 Oct

Impact 4 · · Simply Wall St.
Impact 3 · · Barchart
Impact 3 · · StockStory

1 Oct

Impact 3 · · StockStory

28 Sep

Impact 4 ·

26 Sep

Impact 4 · · Simply Wall St.
Impact 4 · · Simply Wall St.

19 Aug

Impact 3 ·
Impact 3 ·

11 Aug

Impact 4 ·

29 Jul

Impact 4 ·

28 Jul

Impact 4 · · MarketBeat transcript
Impact 4 · transcript

XYL metrics, ten years each

stockrow.com/XYL · Data as of Nov 2, 2026 · For information only; not investment advice. · © 2026 stockrow.com