XYL · Xylem 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 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $9.04B | $8.56B | $7.36B | $5.52B | $5.20B | $4.88B |
| Cost of Revenue | $5.56B | $5.35B | $4.65B | $3.44B | $3.22B | $3.05B |
| Gross Profit | $3.48B | $3.21B | $2.72B | $2.08B | $1.98B | $1.83B |
| R&D | $226.00M | $230.00M | $232.00M | $206.00M | $204.00M | $187.00M |
| SG&A | $1.92B | $1.91B | $1.76B | $1.23B | $1.18B | $1.14B |
| Total Operating Expenses | - | - | - | - | - | - |
| D&A | $575.00M | $562.00M | $436.00M | $236.00M | $245.00M | $251.00M |
| Operating Income | $1.22B | $1.01B | $652.00M | $622.00M | $585.00M | $367.00M |
| Interest Expense | $29.00M | $44.00M | $49.00M | $50.00M | $76.00M | $77.00M |
| Income Tax | $231.00M | $197.00M | $26.00M | $85.00M | $84.00M | $31.00M |
| Net Income | $957.00M | $890.00M | $609.00M | $355.00M | $427.00M | $254.00M |
| EPS - Basic | $3.93 | $3.67 | $2.81 | $1.97 | $2.37 | $1.41 |
| EPS - Diluted | $3.92 | $3.65 | $2.79 | $1.96 | $2.35 | $1.40 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.48B | $1.12B | $1.02B | $944.00M | $1.35B | $1.88B |
| Accounts Receivable | $1.76B | $1.67B | $1.62B | $1.10B | $953.00M | $923.00M |
| Inventory | $983.00M | $996.00M | $1.02B | $799.00M | $700.00M | $558.00M |
| Accounts Payable | $1.01B | $1.01B | $968.00M | $723.00M | $639.00M | $569.00M |
| Current Assets | $4.64B | $4.10B | $3.88B | $3.01B | $3.16B | $3.52B |
| Total Assets | $17.63B | $16.49B | $16.11B | $7.95B | $8.28B | $8.75B |
| Current Liabilities | $2.86B | $2.34B | $2.21B | $1.59B | $1.39B | $1.96B |
| Long-term Debt | $1.41B | $1.98B | $2.27B | $1.88B | $2.44B | $2.48B |
| Total Liabilities | $5.88B | $5.61B | $5.94B | $4.45B | $5.05B | $5.77B |
| Stockholders' Equity | $11.48B | $10.64B | $10.17B | $3.49B | $3.22B | $2.97B |
| Retained Earnings | $3.71B | $3.14B | $2.60B | $2.29B | $2.15B | $1.93B |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $1.24B | $1.26B | $837.00M | $596.00M | $538.00M | $824.00M |
| Investing Cash Flow | ($471.00M) | ($482.00M) | ($628.00M) | ($191.00M) | ($183.00M) | ($169.00M) |
| Financing Cash Flow | ($501.00M) | ($615.00M) | ($157.00M) | ($790.00M) | ($855.00M) | $473.00M |
| CapEx | $331.00M | $321.00M | $271.00M | $208.00M | $208.00M | $183.00M |
| Free Cash Flow | $910.00M | $942.00M | $566.00M | $388.00M | $330.00M | $641.00M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 38.5% | 37.5% | 36.9% | 37.7% | 38.0% | 37.5% |
| Operating margin | 13.5% | 11.8% | 8.9% | 11.3% | 11.3% | 7.5% |
| EBITDA margin | 19.9% | 18.3% | 14.8% | 15.5% | 16.0% | 12.7% |
| Net margin | 10.6% | 10.4% | 8.3% | 6.4% | 8.2% | 5.2% |
| Free cash flow margin | 10.1% | 11.0% | 7.7% | 7.0% | 6.4% | 13.1% |
| FCF / Net income | 0.95 | 1.06 | 0.93 | 1.09 | 0.77 | 2.52 |
| R&D / Revenue | 2.5% | 2.7% | 3.2% | 3.7% | 3.9% | 3.8% |
| SG&A / Revenue | 21.3% | 22.3% | 23.9% | 22.2% | 22.7% | 23.4% |
| Effective tax rate | 19.4% | 18.1% | 4.1% | 19.3% | 16.4% | 10.9% |
| Return on assets | 5.4% | 5.4% | 3.8% | 4.5% | 5.2% | 2.9% |
| Return on equity | 8.3% | 8.4% | 6.0% | 10.2% | 13.3% | 8.6% |
| Return on invested capital | 7.6% | 6.5% | 5.0% | 9.3% | 8.6% | 6.0% |
| Liquidity | ||||||
| Current ratio | 1.63 | 1.75 | 1.76 | 1.89 | 2.27 | 1.80 |
| Quick ratio | 1.28 | 1.33 | 1.30 | 1.39 | 1.77 | 1.52 |
| Cash ratio | 0.52 | 0.48 | 0.46 | 0.59 | 0.97 | 0.96 |
| Leverage | ||||||
| Debt / Equity | 0.12 | 0.19 | 0.22 | 0.54 | 0.76 | 0.84 |
| Debt / Assets | 0.08 | 0.12 | 0.14 | 0.24 | 0.29 | 0.28 |
| Debt / EBITDA | 0.78 | 1.26 | 2.08 | 2.19 | 2.94 | 4.02 |
| Interest coverage | 42.2x | 22.9x | 13.3x | 12.4x | 7.7x | 4.8x |
| Equity multiplier | 1.54 | 1.55 | 1.58 | 2.28 | 2.57 | 2.95 |
| Liabilities / Assets | 0.33 | 0.34 | 0.37 | 0.56 | 0.61 | 0.66 |
| Efficiency | ||||||
| Asset turnover | 0.51 | 0.52 | 0.46 | 0.69 | 0.63 | 0.56 |
| Inventory turnover | 5.66 | 5.37 | 4.56 | 4.30 | 4.60 | 5.46 |
| Days sales outstanding | 71d | 71d | 80d | 72d | 67d | 69d |
| Days inventory outstanding | 65d | 68d | 80d | 85d | 79d | 67d |
| Days payable outstanding | 67d | 69d | 76d | 77d | 72d | 68d |
| Cash conversion cycle | 69d | 70d | 84d | 81d | 74d | 68d |
| Valuation | ||||||
| P / E | 34.7x | 31.8x | 41.0x | 56.4x | 51.0x | 72.7x |
| P / B | 2.9x | 2.7x | 2.5x | 5.7x | 6.8x | 6.2x |
| P / S | 3.7x | 3.3x | 3.4x | 3.6x | 4.2x | 3.8x |
| EV / EBITDA | 18.4x | 18.5x | 24.1x | 24.4x | 27.5x | 30.8x |
| Growth | ||||||
| Revenue growth (YoY) | 5.5% | 16.3% | 33.4% | 6.3% | 6.5% | -7.1% |
| Revenue CAGR (3y) | 17.8% | 18.1% | 14.7% | 1.7% | 11.3% | 1.2% |
| Revenue CAGR (5y) | 13.1% | 10.3% | 14.3% | 3.2% | 6.6% | 5.9% |
| Gross profit growth (YoY) | 8.2% | 18.2% | 30.4% | 5.5% | 7.9% | -10.6% |
| Operating income growth (YoY) | 21.2% | 54.8% | 4.8% | 6.3% | 59.4% | -24.5% |
| Net income growth (YoY) | 7.5% | 46.1% | 71.5% | -16.9% | 68.1% | -36.7% |
| EPS growth (YoY) | 7.4% | 30.8% | 42.3% | -16.6% | 67.9% | -36.7% |
| EPS CAGR (3y) | 26.0% | 15.8% | 25.8% | -3.9% | -8.1% | -8.5% |
| EPS CAGR (5y) | 22.9% | 10.6% | -1.6% | 1.4% | 10.1% | -5.6% |
| FCF growth (YoY) | -3.4% | 66.4% | 45.9% | 17.6% | -48.5% | 4.6% |
| FCF CAGR (5y) | 7.3% | 9.0% | 10.2% | -5.5% | -2.4% | 13.1% |
| Book value growth (YoY) | 7.9% | 4.7% | 191.0% | 8.6% | 8.4% | 0.4% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$9.04B totalWater Infrastructure$2.64B · 29.2%
Water Solutions Services Segment$2.46B · 27.3%
Measurementand Control Solutions$2.09B · 23.1%
Applied Water$1.85B · 20.5%
Product / service
$9.04B totalProduct$7.47B · 82.7%
Service$1.56B · 17.3%
Geographic
$9.04B totalUS$5.21B · 57.7%
Europe$1.84B · 20.4%
Asia Pacific$1.22B · 13.5%
Other Countries$766.00M · 8.5%
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
1.80
Grey zone
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
7/9
Strong
- ✓Net income positive
- ✓Operating cash flow positive
- ✓ROA improved YoY
- ✓Cash flow > net income
- ✓Long-term debt decreased
- ✗Current ratio improved
- ✓No share dilution
- ✓Gross margin improved
- ✗Asset turnover improved
Peer comparison
Same SIC group: Pumps & Pumping Equipment
Comparing Xylem Inc. against the 5 most active filers in the same SIC group.
Dividends
$1.66/share trailing 12 months · +9.2% YoY
| Ex-date | Per share |
|---|---|
| May 28, 2026 | $0.4300 |
| Feb 24, 2026 | $0.4300 |
| Nov 25, 2025 | $0.4000 |
| Aug 28, 2025 | $0.4000 |
| May 29, 2025 | $0.4000 |
| Feb 18, 2025 | $0.4000 |
| Nov 26, 2024 | $0.3600 |
| Aug 29, 2024 | $0.3600 |
| May 30, 2024 | $0.3600 |
| Feb 20, 2024 | $0.3600 |
| Nov 20, 2023 | $0.3300 |
| Aug 30, 2023 | $0.3300 |
| May 26, 2023 | $0.3300 |
| Feb 21, 2023 | $0.3300 |
| Nov 21, 2022 | $0.3000 |
| Aug 31, 2022 | $0.3000 |
| May 25, 2022 | $0.3000 |
| Feb 16, 2022 | $0.3000 |
| Nov 22, 2021 | $0.2800 |
| Aug 25, 2021 | $0.2800 |
| May 26, 2021 | $0.2800 |
| Feb 17, 2021 | $0.2800 |
| Nov 4, 2020 | $0.2600 |
| Aug 26, 2020 | $0.2600 |