MWA · Mueller Water Products, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q2 '26 | Q1 '26 | Q3 '25 | Q2 '25 | Q1 '25 | Q3 '24 | Q2 '24 | Q1 '24 | Q1 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $384.40M | $318.20M | $380.30M | $364.30M | $304.30M | $356.70M | $353.40M | $256.40M | $314.80M | $326.60M |
| Cost of Revenue | $239.90M | $198.40M | $234.60M | $236.30M | $201.30M | $225.30M | $223.00M | $170.10M | $221.60M | $226.50M |
| Gross Profit | $144.50M | $119.80M | $145.70M | $128.00M | $103.00M | $131.40M | $130.40M | $86.30M | $93.20M | $100.10M |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $59.70M | $59.80M | $71.00M | $55.70M | $53.90M | $61.50M | $63.70M | $56.90M | $62.90M | $60.60M |
| Total Operating Expenses | $64.10M | $63.10M | $72.00M | $58.10M | $55.60M | $64.40M | $66.90M | $63.50M | $59.20M | $64.50M |
| D&A | $12.40M | $12.10M | $11.70M | $11.30M | $11.10M | $16.30M | $16.50M | $16.40M | $14.80M | $15.80M |
| Operating Income | $80.40M | $56.70M | $73.70M | $69.90M | $47.40M | $67.00M | $63.50M | $22.80M | $34.00M | $35.60M |
| Interest Expense | $1.60M | $1.00M | - | - | - | - | - | - | - | - |
| Income Tax | $19.70M | $12.50M | $19.50M | $16.40M | $10.50M | $15.90M | $14.60M | $2.60M | $6.90M | $6.40M |
| Net Income | $59.10M | $43.20M | $52.50M | $51.30M | $35.30M | $47.30M | $44.30M | $14.30M | $22.50M | $24.50M |
| EPS - Basic | $0.38 | $0.28 | $0.34 | $0.33 | $0.23 | $0.30 | $0.28 | $0.09 | $0.14 | $0.16 |
| EPS - Diluted | $0.38 | $0.27 | $0.33 | $0.33 | $0.22 | $0.30 | $0.28 | $0.09 | $0.14 | $0.16 |
Balance Sheet
| Line item | Q2 '26 | Q1 '26 | Q3 '25 | Q2 '25 | Q1 '25 | Q3 '24 | Q2 '24 | Q1 '24 | Q1 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $421.00M | $459.60M | $431.50M | $329.20M | $338.20M | $309.90M | $179.20M | $216.70M | $207.30M | $154.90M |
| Accounts Receivable | $208.60M | $137.10M | $211.90M | $215.30M | $145.30M | $208.90M | $229.70M | $167.90M | $201.90M | $217.10M |
| Inventory | $385.40M | $376.70M | $328.70M | $305.50M | $317.80M | $301.70M | $307.30M | $311.30M | $314.00M | $297.90M |
| Accounts Payable | $128.60M | $127.50M | $134.40M | $118.10M | $98.90M | $109.90M | $96.70M | $108.90M | $103.50M | $102.90M |
| Current Assets | $1.07B | $1.03B | $1.03B | $890.70M | $842.70M | $858.40M | $748.60M | $729.40M | $671.90M | $706.80M |
| Total Assets | $1.88B | $1.85B | $1.84B | $1.67B | $1.62B | $1.64B | $1.54B | $1.53B | $1.49B | $1.50B |
| Current Liabilities | $233.30M | $256.00M | $290.30M | $235.30M | $220.30M | $258.00M | $212.30M | $221.60M | $213.60M | $218.80M |
| Long-term Debt | $451.00M | $450.90M | $450.40M | $449.50M | $448.70M | $448.70M | $448.00M | $446.80M | $446.10M | $446.70M |
| Total Liabilities | $814.00M | $828.60M | $857.20M | $797.00M | $785.10M | $825.80M | $784.90M | $797.60M | $798.80M | $793.50M |
| Stockholders' Equity | $1.07B | $981.70M | $981.70M | $873.60M | $810.10M | $810.10M | $754.50M | $731.20M | $4.60M | $711.50M |
| Retained Earnings | ($71.90M) | ($131.00M) | ($174.20M) | ($279.30M) | ($330.60M) | ($365.90M) | ($423.20M) | ($467.50M) | ($544.80M) | ($481.80M) |
Cash Flow
| Line item | Q2 '26 | Q1 '26 | Q3 '25 | Q2 '25 | Q1 '25 | Q3 '24 | Q2 '24 | Q1 '24 | Q1 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | $61.20M | - | - | $54.10M | - | - | $67.90M | ($6.50M) | - |
| Investing Cash Flow | - | ($17.10M) | - | - | ($11.90M) | - | - | ($5.60M) | ($4.80M) | - |
| Financing Cash Flow | - | ($19.60M) | - | - | ($13.10M) | - | - | ($11.30M) | ($10.50M) | - |
| CapEx | $14.70M | $17.20M | $11.70M | $9.20M | $11.90M | $12.20M | $10.10M | $5.70M | $9.90M | $11.90M |
| Free Cash Flow | - | $44.00M | - | - | $42.20M | - | - | $62.20M | ($16.40M) | - |
Ratios
| Metric | Q2 '26 | Q1 '26 | Q3 '25 | Q2 '25 | Q1 '25 | Q3 '24 | Q2 '24 | Q1 '24 | Q1 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 37.6% | 37.6% | 38.3% | 35.1% | 33.8% | 36.8% | 36.9% | 33.7% | 29.6% | 30.6% |
| Operating margin | 20.9% | 17.8% | 19.4% | 19.2% | 15.6% | 18.8% | 18.0% | 8.9% | 10.8% | 10.9% |
| EBITDA margin | 24.1% | 21.6% | 22.5% | 22.3% | 19.2% | 23.4% | 22.6% | 15.3% | 15.5% | 15.7% |
| Net margin | 15.4% | 13.6% | 13.8% | 14.1% | 11.6% | 13.3% | 12.5% | 5.6% | 7.1% | 7.5% |
| Free cash flow margin | - | 13.8% | - | - | 13.9% | - | - | 24.3% | -5.2% | - |
| FCF / Net income | - | 1.02 | - | - | 1.20 | - | - | 4.35 | -0.73 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 15.5% | 18.8% | 18.7% | 15.3% | 17.7% | 17.2% | 18.0% | 22.2% | 20.0% | 18.6% |
| Effective tax rate | 25.0% | 22.4% | 27.1% | 24.2% | 22.9% | 25.2% | 24.8% | 15.4% | 23.5% | 20.7% |
| Return on assets | 3.1% | 2.3% | 2.9% | 3.1% | 2.2% | 2.9% | 2.9% | 0.9% | 1.5% | 1.6% |
| Return on equity | 5.5% | 4.4% | 5.3% | 5.9% | 4.4% | 5.8% | 5.9% | 2.0% | 489.1% | 3.4% |
| Return on invested capital | 4.0% | 3.1% | 3.8% | 4.0% | 2.9% | 4.0% | 4.0% | 1.6% | 5.8% | 2.4% |
| Liquidity | ||||||||||
| Current ratio | 4.57 | 4.02 | 3.54 | 3.79 | 3.83 | 3.33 | 3.53 | 3.29 | 3.15 | 3.23 |
| Quick ratio | 2.92 | 2.55 | 2.41 | 2.49 | 2.38 | 2.16 | 2.08 | 1.89 | 1.68 | 1.87 |
| Cash ratio | 1.80 | 1.80 | 1.49 | 1.40 | 1.54 | 1.20 | 0.84 | 0.98 | 0.97 | 0.71 |
| Leverage | ||||||||||
| Debt / Equity | 0.42 | 0.46 | 0.46 | 0.51 | 0.55 | 0.55 | 0.59 | 0.61 | 96.98 | 0.63 |
| Debt / Assets | 0.24 | 0.24 | 0.24 | 0.27 | 0.28 | 0.27 | 0.29 | 0.29 | 0.30 | 0.30 |
| Debt / EBITDA | 4.86 | 6.55 | 5.27 | 5.54 | 7.67 | 5.39 | 5.60 | 11.40 | 9.14 | 8.69 |
| Interest coverage | 50.3x | 56.7x | - | - | - | - | - | - | - | - |
| Equity multiplier | 1.76 | 1.88 | 1.87 | 1.91 | 2.00 | 2.02 | 2.04 | 2.09 | 323.17 | 2.12 |
| Liabilities / Assets | 0.43 | 0.45 | 0.47 | 0.48 | 0.48 | 0.50 | 0.51 | 0.52 | 0.54 | 0.53 |
| Efficiency | ||||||||||
| Asset turnover | 0.20 | 0.17 | 0.21 | 0.22 | 0.19 | 0.22 | 0.23 | 0.17 | 0.21 | 0.22 |
| Inventory turnover | 0.62 | 0.53 | 0.71 | 0.77 | 0.63 | 0.75 | 0.73 | 0.55 | 0.71 | 0.76 |
| Days sales outstanding | 198d | 157d | 203d | 216d | 174d | 214d | 237d | 239d | 234d | 243d |
| Days inventory outstanding | 586d | 693d | 511d | 472d | 576d | 489d | 503d | 668d | 517d | 480d |
| Days payable outstanding | 196d | 235d | 209d | 182d | 179d | 178d | 158d | 234d | 170d | 166d |
| Cash conversion cycle | 589d | 616d | 506d | 505d | 571d | 524d | 582d | 673d | 581d | 557d |
| Valuation | ||||||||||
| P / E | 72.3x | 88.2x | 77.3x | 77.0x | 102.3x | 72.3x | 57.5x | 160.0x | 90.6x | 79.3x |
| P / B | 4.0x | 3.8x | 4.1x | 4.6x | 4.4x | 4.2x | 3.3x | 3.1x | 432.8x | 2.8x |
| P / S | 11.3x | 11.8x | 10.6x | 11.0x | 11.6x | 9.5x | 7.1x | 8.8x | 6.3x | 6.1x |
| EV / EBITDA | 46.9x | 54.3x | 47.3x | 50.8x | 62.5x | 42.5x | 34.9x | 63.4x | 45.7x | 44.5x |
| Growth | ||||||||||
| Revenue growth (YoY) | 5.5% | 4.6% | 6.6% | 3.1% | 18.7% | 9.2% | 6.2% | -18.6% | - | -2.0% |
| Revenue CAGR (3y) | 4.9% | 0.4% | 4.5% | 5.5% | - | 4.7% | 9.7% | -2.0% | 14.0% | 12.6% |
| Revenue CAGR (5y) | 7.5% | 3.2% | 10.7% | 7.2% | 7.4% | 5.4% | 8.6% | 5.9% | 12.0% | 5.5% |
| Gross profit growth (YoY) | 12.9% | 16.3% | 10.9% | -1.8% | 19.4% | 31.3% | 33.3% | -7.4% | - | 1.8% |
| Operating income growth (YoY) | 15.0% | 19.6% | 10.0% | 10.1% | 107.9% | 88.2% | 93.0% | -32.9% | - | -3.5% |
| Net income growth (YoY) | 15.2% | 22.4% | 11.0% | 15.8% | 146.9% | 93.1% | 108.0% | -36.4% | - | -7.5% |
| EPS growth (YoY) | 15.2% | 22.7% | 10.0% | 17.9% | 144.4% | 87.5% | 100.0% | -35.7% | - | -5.9% |
| EPS CAGR (3y) | 39.5% | 24.5% | 24.7% | 30.1% | - | 49.4% | 29.1% | -9.1% | 32.6% | 31.7% |
| EPS CAGR (5y) | 23.9% | 17.6% | 36.4% | 17.1% | 29.7% | 7.4% | 32.0% | - | -16.3% | 9.9% |
| FCF growth (YoY) | - | 4.3% | - | - | -32.2% | - | - | - | - | - |
| FCF CAGR (5y) | - | 38.0% | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 22.6% | 21.2% | 21.2% | 15.8% | 10.8% | 13.9% | 7.6% | 15795.7% | - | 6.3% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-09-30.
Business segments
$1.43B totalWater Flow Solutions$824.90M · 57.7%
Water Management Solutions$604.80M · 42.3%
Geographic
$1.59B totalUS$769.30M · 48.3%
Central Region$227.70M · 14.3%
West Region$203.50M · 12.8%
Southeast Region$189.20M · 11.9%
Northeast Region$148.90M · 9.3%
CA$44.00M · 2.8%
Other International Locations$11.60M · 0.7%
Peer comparison
Same SIC group: Miscellaneous Fabricated Metal Products
Comparing Mueller Water Products against the 5 most active filers in the same SIC group.
Dividends
$0.28/share trailing 12 months · +4.5% YoY
| Ex-date | Per share |
|---|---|
| May 11, 2026 | $0.0700 |
| Feb 10, 2026 | $0.0700 |
| Nov 10, 2025 | $0.0700 |
| Aug 12, 2025 | $0.0670 |
| May 12, 2025 | $0.0670 |
| Feb 10, 2025 | $0.0670 |
| Nov 8, 2024 | $0.0670 |
| Aug 9, 2024 | $0.0640 |
| May 9, 2024 | $0.0640 |
| Feb 8, 2024 | $0.0640 |
| Nov 8, 2023 | $0.0640 |
| Aug 9, 2023 | $0.0610 |
| May 9, 2023 | $0.0610 |
| Feb 9, 2023 | $0.0610 |
| Nov 9, 2022 | $0.0610 |
| Aug 9, 2022 | $0.0580 |
| May 9, 2022 | $0.0580 |
| Feb 9, 2022 | $0.0580 |
| Nov 9, 2021 | $0.0580 |
| Aug 9, 2021 | $0.0550 |
| May 7, 2021 | $0.0550 |
| Feb 9, 2021 | $0.0550 |
| Nov 9, 2020 | $0.0550 |
| Aug 7, 2020 | $0.0530 |