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

Zurn Elkay Water Solutions Cor

ZWS Industrials Pollution & Treatment Controls

In the quarter to June 2026, revenue grew 10.5%, EPS grew 126.7%, free cash flow grew 56.9% and total debt was flat, each against the same quarter a year earlier. Dividend growth for five consecutive years, revenue growth for three, operating cash flow growth for three; insiders bought in the last twelve months.

46.99 0.16 +0.34%

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Market cap: $7.8B
P/E: 28.7×
Fwd P/E: 32.3×
Dividend yield: 0.94%
F-score: 8/9
Altman Z: 5.00
Beneish M: −2.86
Dividend safety: 78/100

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

Insider Decisions trades per month

Total buys 0.10

Total sells 38.83

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	1	—	—
Sell	2	—	—	18	—	—	—	—	—	1	—	—

Insider Ownership 12.38%

Capital & Financial Ratios $m

Market Cap 7,770.00

Revenue 1,786.60

Net Income 276.10

Free Cash Flow 378.50

Net Debt 134.10

Current Ratio 3.05

Debt/Equity 0.30

P/E ratio 28.65

Fwd P/E 32.30

P/S ratio 4.39

P/B ratio 4.73

Past 5Y EPS Growth —

This Y EPS Growth 20.56%

Next Y EPS Growth 10.86%

Next Y revenue growth 9.38%

Next 5Y EPS Growth 13.52%

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 50.77%

10-year low 10-year high

P/S against its own 10 years 85.37%

10-year low 10-year high

P/B against its own 10 years 83.16%

10-year low 10-year high

EV/Sales against its own 10 years 81.50%

10-year low 10-year high

EV/FCF against its own 10 years 65.91%

10-year low 10-year high

Dividends

Payout Ratio 0.27

Annual Dividend Rate 0.44

Annual Dividend Yield 0.94%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	0.45	0.11 0.11 0.11
2025	0.38	0.09 0.09 0.09 0.11
2024	0.33	0.08 0.08 0.08 0.09
2023	0.29	0.07 0.07 0.07 0.08
2022	0.20	0.03 0.03 0.07 0.07
2021	0.17	0.05 0.05 0.05 0.03
2020	0.16	0.04 0.04 0.04 0.04

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	137	198	301	365
Receivables	227	222	198	272
Inventory	278	273	274	287
Other	26	30	39	29
	668	722	812	953

	2023	2024	2025	Q'26
Payables	—	—	—	—
ST’ Debt	1	1	1	1
Other	164	175	193	215
	221	248	259	312

Compound Annual Growth %

	10y	5y	3y
Sales	(0.10%)	13.24%	9.78%
Cash Flow	5.91%	9.16%	52.87%
Earnings	11.48%	10.37%	47.50%
Book Value	2.83%	66.21%	(0.24%)

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	433	491	—	—	—
’25	389	445	455	407	1,696
’24	374	412	410	371	1,567
’23	372	403	398	357	1,531
’22	—	284	418	340	1,282
’22	240	—	—	—	1,282
’21	—	244	230	232	911

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	46	162	—	—	—
’25	43	111	101	92	347
’24	54	85	91	64	294
’23	5	87	104	58	254
’22	—	42	25	84	97
’22	(54)	—	—	—	97
’21	—	74	101	(22)	224

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	43	159	—	—	—
’25	39	102	94	83	317
’24	52	80	87	55	273
’23	0	82	99	60	240
’22	—	41	22	81	91
’22	(53)	—	—	—	97
’21	—	81	95	(24)	215

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.35	0.67	—	—	—
’25	0.26	0.29	0.36	0.24	1.15
’24	0.19	0.27	0.25	0.21	0.92
’23	0.13	0.20	0.24	0.08	0.64
’22	—	0.28	(0.11)	0.08	0.40
’22	0.24	—	—	—	0.40
’21	—	0.59	0.51	(0.52)	0.97

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	6.76	9.48	10.30	10.63	9.09	17.96	20.65	19.29	27.55	27.74	Analyst estimates 2026–2028 Powerpack
	High	11.06	12.77	15.47	15.95	19.34	38.32	37.38	30.87	41.15	50.03
People
People	Employees	7,700	8,000	8,300	6,700	6,800	1,300	2,700	2,400	2,500	2,600
	Revenue/emp, $m	0.25	0.21	0.22	0.31	0.10	0.70	0.47	0.64	0.63	0.65
Income, $m
Income, $m	Revenue	1,924	1,713	1,852	2,051	710	911	1,282	1,531	1,567	1,696
	Gross margin, %	34.58	36.58	38.16	38.27	45.43	40.97	36.32	42.35	45.13	45.10
	EBT	86	107	187	239	23	52	84	147	207	256
	EBT margin, %	4.47	6.27	10.10	11.64	3.30	5.75	6.54	9.59	13.21	15.11
	Net income	68	74	76	34	0	121	62	113	160	198
	Depreciation	117	108	92	94	87	78	55	88	88	89
Per share, $
Per share, $	Revenue	19.08	16.67	17.82	19.60	6.36	7.50	8.46	8.78	9.12	10.06
	Earnings	0.67	0.72	0.73	0.33	1.61	1.00	0.41	0.65	0.93	1.17
	Cash flow	2.17	1.90	2.20	2.47	2.67	1.84	0.64	1.46	1.71	2.05
	Capex	(0.46)	(0.49)	(0.34)	(0.38)	(0.33)	(0.07)	(0.04)	(0.08)	(0.12)	(0.18)
	Free cash flow	1.71	1.41	1.86	2.08	2.34	1.77	0.60	1.38	1.59	1.88
	Book value	5.83	10.42	11.67	11.76	0.00	1.04	10.65	9.20	9.24	9.51
	Shares, m	101	103	104	105	112	121	152	174	172	169
Valuation, ×
Valuation, ×	P/E	14.32	16.85	27.39	123.80	7.28	35.34	42.62	44.78	40.11	39.74
	P/S	0.51	0.67	0.78	0.63	0.64	4.85	2.52	3.31	4.09	4.62
	P/B	1.66	1.07	1.20	1.05	1.01	34.99	2.00	3.16	4.04	4.89
	EV/Sales	1.25	1.33	1.41	1.09	1.08	5.34	2.84	3.55	4.28	4.74
	EV/FCF	8.01	10.14	8.85	11.43	8.53	22.67	40.15	22.60	24.52	25.39
Cash, $m
Cash, $m	Operating cash flow	219	195	229	258	299	224	97	254	294	347
	Capex	(46)	(50)	(35)	(40)	(37)	(9)	(6)	(14)	(20)	(30)
	Free cash flow	173	145	193	218	261	215	91	240	273	317
Balance, $m
Balance, $m	Working capital	772	778	544	586	590	234	468	447	474	552
	Total debt	1,920	1,623	1,356	1,238	1,118	540	536	495	496	497
	Net debt	1,436	1,133	1,163	946	1,056	443	411	359	298	196
	Shareholders’ equity	588	1,071	1,213	1,231	1,439	126	1,615	1,603	1,587	1,603
Returns, %
Returns, %	ROA	2.01	1.94	1.51	0.33	0.00	11.22	2.15	4.08	6.03	7.43
	ROIC	5.38	5.76	7.01	8.78	0.00	11.75	3.30	6.10	8.11	9.69
	ROE	11.90	8.05	4.62	0.91	0.00	95.80	3.82	7.00	10.05	12.41

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 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
VLTO Veralto Corporation	$24.6B	25.3×	21.3×	+7.51% (above 0%: growing)	+10.11% (above 0%: growing)	+1.55% (above 0%: growing)	61.19%	21.37%	Compare
ZWS Zurn Elkay Water Solutions Cor	$7.8B	28.7×	32.3×	+10.46% (above 0%: growing)	+126.67% (above 0%: growing)	+56.89% (above 0%: growing)	58.72%	31.02%
CECO CECO Environmental Corp.	$3.6B	— (loss-making)	68.7×	+53.71% (above 0%: growing)	n/m	−177.98% (below 0%: shrinking)	30.34%	(11.64%)	Compare
PCT PureCycle Technologies, Inc.	$641.9M	— (loss-making)	— (loss-making)	+173.45% (above 0%: growing)	n/m	−80.41% (below 0%: shrinking)	(671.72%)	(916.09%)	Compare
ADUR Aduro Clean Technologies Inc.	$357.0M	— (loss-making)	—	−97.97% (below 0%: shrinking)	n/m	+31.19% (above 0%: growing)	100.00%	(309,633.33%)	Compare
ERII Energy Recovery, Inc.	$338.9M	22.9×	— (loss-making)	−57.24% (below 0%: shrinking)	n/m	+284.72% (above 0%: growing)	74.67%	(49.05%)	Compare
ARQ Arq, Inc.	$81.0M	— (loss-making)	78.0×	+4.54% (above 0%: growing)	n/m	+46.21% (above 0%: growing)	38.52%	(0.23%)	Compare
ZONE Zone Frontier Inc.	$60.6M	— (loss-making)	—	−0.40% (below 0%: shrinking)	n/m	−2,753.59% (below 0%: shrinking)	49.85%	(1,129.57%)	Compare
FTEK Fuel Tech, Inc.	$44.3M	— (loss-making)	— (loss-making)	+16.68% (above 0%: growing)	n/m	−1,603.51% (below 0%: shrinking)	41.25%	(24.13%)	Compare
Median of peers	$348.0M	—	68.7×	+6.03%	—	−39.43%	45.55%	(36.59%)

All 18 Pollution & Treatment Controls stocks →

Zurn Elkay Water Solutions Cor (ZWS) key facts

Zurn Elkay Water Solutions Cor (ZWS) is a Pollution & Treatment Controls company in the Industrials sector, listed on the New York Stock Exchange.
As of October 16, 2026, ZWS traded at $46.99, a market capitalization of $7.8 billion.
Zurn Elkay Water Solutions Cor pays an annual dividend of $0.44 per share, a yield of 0.94%, with a payout ratio of 27.2%.
Return on equity was 12.4% and debt-to-equity 0.30.
Its Piotroski F-score is 8 out of 9 and its Altman Z-score is 5.00 (safe zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.