MWA

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MUELLER WATER PRODUCTS

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Key Metrics

Previous Close: $25.29
52-Week Range: $22.74 – $31.00
Market Cap: $3.92B
P/E (TTM): 17.70
EPS (TTM): 1.42
Dividend Yield: 1.11%

Advanced Metrics

Price/Book: 3.67
PEG Ratio: 1.02
Return on Equity: 21.68%
Return on Assets: 10.52%
Gross Margin: 37.86%
Operating Margin: 23.16%
Profit Margin: 15.02%
Current Ratio: 4.64
Debt/Equity: 0.40
Total Debt: $452.90M
Free Cash Flow: $128.78M
Revenue Growth: 4.10%
Earnings Growth: 30.30%
Enterprise Value: $3.88B

MWA Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$1.25B	$1.28B	$1.31B	$1.43B
Cost of Revenue	$883.10M	$896.20M	$855.70M	$913.00M
Gross Profit	$364.30M	$379.50M	$459.00M	$516.70M
Selling, General & Admin	$238.70M	$241.90M	$245.20M	$247.30M
Operating Expenses	$238.70M	$241.90M	$245.20M	$247.30M
Operating Income	$125.60M	$137.60M	$213.80M	$269.40M
EBITDA	$175.70M	$188.90M	$250.10M	$320.10M
Pretax Income	$98.60M	$109.00M	$163.40M	$254.20M
Income Tax	$22.00M	$23.50M	$47.50M	$62.50M
Net Income	$76.60M	$85.50M	$115.90M	$191.70M
Diluted EPS	0.48	0.55	0.74	1.22
Diluted Shares	158.00M	156.80M	156.90M	157.50M

MWA Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$146.50M	$160.30M	$309.90M	$431.50M
Receivables	$232.70M	$221.80M	$229.60M	$247.90M
Inventory	$281.50M	$305.90M	$301.70M	$328.70M
Current Assets	$680.00M	$706.80M	$858.40M	$1.03B
Total Assets	$1.50B	$1.50B	$1.64B	$1.84B
Current Liabilities	$241.00M	$218.80M	$258.00M	$290.30M
Long-Term Debt	$446.10M	$446.70M	$448.70M	$450.40M
Total Debt	$473.70M	$472.10M	$449.50M	$451.60M
Total Liabilities	$828.80M	$793.50M	$825.80M	$857.20M
Retained Earnings	-$567.30M	-$481.80M	-$365.90M	-$174.20M
Shareholders' Equity	$669.30M	$711.50M	$810.10M	$981.70M
Working Capital	$439.00M	$488.00M	$600.40M	$738.60M
Net Debt	$300.40M	$287.10M	$139.60M	$20.10M

MWA Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	$52.30M	$109.00M	$238.80M	$219.30M
Capital Expenditure	-$54.70M	-$47.60M	-$47.40M	-$47.30M
Free Cash Flow	-$2.40M	$61.40M	$191.40M	$172.00M
Depreciation & Amortisation	$60.50M	$62.50M	$66.20M	$46.90M
Stock-Based Compensation	$8.70M	$8.50M	$9.00M	$10.70M
Investing Cash Flow	-$54.90M	-$42.10M	-$47.20M	-$47.10M
Financing Cash Flow	-$72.00M	-$48.80M	-$46.00M	-$58.30M
Dividends Paid	-$36.50M	-$38.10M	-$39.90M	-$41.90M
Share Repurchases	-$35.00M	-$10.00M	-$10.00M	-$15.00M
Net Change in Cash	-$74.60M	$18.10M	$145.60M	$113.90M

MWA Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Revenue	$364.30M	$380.30M	$380.80M	$318.20M	$384.40M
Cost of Revenue	$236.30M	$234.60M	$240.80M	$198.40M	$239.90M
Gross Profit	$128.00M	$145.70M	$140.00M	$119.80M	$144.50M
Selling, General & Admin	$55.70M	$71.00M	$66.70M	$59.80M	$59.70M
Operating Expenses	$55.70M	$71.00M	$66.70M	$59.80M	$59.70M
Operating Income	$72.30M	$74.70M	$73.30M	$60.00M	$84.80M
EBITDA	$83.90M	$88.50M	$86.20M	$72.40M	$95.80M
Pretax Income	$67.70M	$72.00M	$68.70M	$55.70M	$78.80M
Income Tax	$16.40M	$19.50M	$16.10M	$12.50M	$19.70M
Net Income	$51.30M	$52.50M	$52.60M	$43.20M	$59.10M
Diluted EPS	0.33	0.33	—	0.27	0.38
Diluted Shares	157.50M	157.40M	—	157.30M	157.40M

MWA Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Cash & Equivalents	$329.20M	$372.00M	$431.50M	$459.60M	$421.00M
Receivables	$221.60M	$212.80M	$247.90M	$137.10M	$208.60M
Inventory	$312.50M	$323.90M	$328.70M	$376.70M	$385.40M
Current Assets	$890.70M	$937.80M	$1.03B	$1.03B	$1.07B
Total Assets	$1.67B	$1.73B	$1.84B	$1.85B	$1.88B
Current Liabilities	$235.30M	$242.80M	$290.30M	$256.00M	$233.30M
Long-Term Debt	$449.50M	$449.80M	$450.40M	$450.90M	$451.00M
Total Debt	$478.30M	$479.10M	$451.60M	$452.30M	$452.40M
Total Liabilities	$797.00M	$801.40M	$857.20M	$828.60M	$814.00M
Retained Earnings	-$279.30M	-$226.80M	-$174.20M	-$131.00M	-$71.90M
Shareholders' Equity	$873.60M	$929.00M	$981.70M	$1.02B	$1.07B
Working Capital	$655.40M	$695.00M	$738.60M	$772.90M	$832.70M
Net Debt	$121.30M	$78.80M	$20.10M	—	$31.40M

MWA Cash Flow statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Operating Cash Flow	$14.30M	$67.40M	$83.50M	$61.20M	-$12.80M
Capital Expenditure	-$9.20M	-$11.70M	-$14.50M	-$17.20M	-$14.70M
Free Cash Flow	$5.10M	$55.70M	$69.00M	$44.00M	-$27.50M
Depreciation & Amortisation	$11.30M	$11.70M	$12.80M	$12.10M	$12.40M
Stock-Based Compensation	$2.50M	$2.30M	$3.40M	$3.50M	$4.10M
Investing Cash Flow	-$9.10M	-$11.70M	-$14.40M	-$17.10M	-$14.70M
Financing Cash Flow	-$13.80M	-$20.30M	-$11.10M	-$19.60M	-$10.90M
Dividends Paid	-$10.50M	-$10.40M	-$10.50M	-$10.90M	-$11.00M
Share Repurchases	-$5.00M	-$10.00M	$0.00	-$5.50M	$0.00
Net Change in Cash	-$8.60M	$35.40M	$58.00M	$24.50M	-$38.40M

Market Snapshot

About

Mueller Water Products manufactures and distributes water infrastructure products including fire hydrants, gate valves, and hydrant valves for municipal water systems across North America. The company serves utilities, contractors, and public works departments with critical components for water distribution networks.