ZWS · Zurn Elkay Water Solutions Corp - 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.

Price · ZWS

1Y 3Y 5Y Max

Annual Quarterly

Income Statement

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$1.70B	$1.57B	$1.53B	$1.28B	$746.10M	$2.07B
Cost of Revenue	$931.10M	$859.50M	$882.40M	$816.30M	$407.90M	$1.25B
Gross Profit	$764.80M	$707.00M	$648.10M	$465.50M	$338.20M	$818.00M
R&D	-	-	-	-	-	$16.20M
SG&A	$417.60M	$389.80M	$371.30M	$309.00M	$206.10M	$432.80M
Total Operating Expenses	-	-	-	-	-	-
D&A	$30.00M	$29.20M	$29.20M	$20.50M	$53.20M	$86.60M
Operating Income	$278.90M	$244.60M	$191.40M	$107.10M	$107.70M	$334.30M
Interest Expense	$28.60M	$33.10M	$38.50M	$26.90M	$45.90M	$58.60M
Income Tax	$63.90M	$48.10M	$42.60M	$26.80M	$9.50M	$54.10M
Net Income	$198.00M	$160.20M	$112.70M	$61.70M	$146.70M	$180.10M
EPS - Basic	$1.17	$0.93	$0.65	$0.41	$1.21	$1.48
EPS - Diluted	$1.15	$0.92	$0.64	$0.40	$1.19	$1.45

Balance Sheet

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Cash & Equivalents	$300.50M	$198.00M	$136.70M	$124.80M	$96.60M	$255.60M
Accounts Receivable	$184.80M	$202.20M	$210.20M	$219.70M	$144.10M	$274.80M
Inventory	$274.40M	$272.60M	$277.60M	$366.70M	$184.50M	$330.10M
Accounts Payable	$65.20M	$71.70M	$56.40M	$116.90M	$105.10M	$129.40M
Current Assets	$811.70M	$722.10M	$667.80M	$757.50M	$474.80M	$907.70M
Total Assets	$2.68B	$2.65B	$2.67B	$2.86B	$1.08B	$3.40B
Current Liabilities	$259.40M	$247.80M	$220.90M	$289.30M	$240.40M	$317.50M
Long-term Debt	$495.60M	$494.80M	$494.40M	$530.20M	$533.90M	$1.19B
Total Liabilities	$1.08B	$1.06B	$1.06B	$1.25B	$951.30M	$1.96B
Stockholders' Equity	$1.60B	$1.59B	$1.60B	$1.61B	$126.40M	$1.44B
Retained Earnings	($1.13B)	($1.17B)	($1.18B)	($1.16B)	($1.24B)	$116.00M

Cash Flow

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Operating Cash Flow	$346.50M	$293.50M	$253.90M	$97.00M	$320.20M	$298.60M
Investing Cash Flow	($29.90M)	($20.20M)	($4.60M)	($6.60M)	($196.60M)	($123.10M)
Financing Cash Flow	($217.30M)	($207.50M)	($239.20M)	($61.10M)	($156.20M)	$114.90M
CapEx	-	-	-	-	-	$41.40M
Free Cash Flow	-	-	-	-	-	$257.20M

Ratios

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Profitability
Gross margin	45.1%	45.1%	42.3%	36.3%	45.3%	39.5%
Operating margin	16.4%	15.6%	12.5%	8.4%	14.4%	16.2%
EBITDA margin	18.2%	17.5%	14.4%	10.0%	21.6%	20.4%
Net margin	11.7%	10.2%	7.4%	4.8%	19.7%	8.7%
Free cash flow margin	-	-	-	-	-	12.4%
FCF / Net income	-	-	-	-	-	1.43
R&D / Revenue	-	-	-	-	-	0.8%
SG&A / Revenue	24.6%	24.9%	24.3%	24.1%	27.6%	20.9%
Effective tax rate	24.4%	23.1%	27.4%	30.3%	6.1%	23.1%
Return on assets	7.4%	6.0%	4.2%	2.2%	13.6%	5.3%
Return on equity	12.3%	10.1%	7.0%	3.8%	116.1%	12.5%
Return on invested capital	10.0%	9.0%	6.6%	3.5%	15.3%	9.8%
Liquidity
Current ratio	3.13	2.91	3.02	2.62	1.98	2.86
Quick ratio	2.07	1.81	1.77	1.35	1.21	1.82
Cash ratio	1.16	0.80	0.62	0.43	0.40	0.81
Leverage
Debt / Equity	0.31	0.31	0.31	0.33	4.22	0.83
Debt / Assets	0.18	0.19	0.19	0.19	0.50	0.35
Debt / EBITDA	1.60	1.81	2.24	4.16	3.32	2.83
Interest coverage	9.8x	7.4x	5.0x	4.0x	2.3x	5.7x
Equity multiplier	1.67	1.67	1.66	1.77	8.53	2.37
Liabilities / Assets	0.40	0.40	0.40	0.44	0.88	0.58
Efficiency
Asset turnover	0.63	0.59	0.57	0.45	0.69	0.61
Inventory turnover	3.39	3.15	3.18	2.23	2.21	3.79
Days sales outstanding	40d	47d	50d	63d	70d	48d
Days inventory outstanding	108d	116d	115d	164d	165d	96d
Days payable outstanding	26d	30d	23d	52d	94d	38d
Cash conversion cycle	122d	132d	142d	174d	142d	107d
Valuation
P / E	40.4x	40.5x	46.0x	52.9x	30.6x	13.1x
P / B	5.0x	4.1x	3.3x	2.0x	35.6x	1.6x
P / S	4.7x	4.2x	3.4x	2.5x	6.0x	1.1x
EV / EBITDA	26.4x	24.9x	25.3x	28.7x	30.6x	7.8x
Growth
Revenue growth (YoY)	8.3%	2.4%	19.4%	71.8%	-63.9%	0.8%
Revenue CAGR (3y)	9.8%	28.0%	-9.6%	-14.5%	-28.8%	2.5%
Revenue CAGR (5y)	-3.9%	-5.2%	-5.8%	-7.7%	-17.3%	0.2%
Gross profit growth (YoY)	8.2%	9.1%	39.2%	37.6%	-58.7%	4.2%
Operating income growth (YoY)	14.0%	27.8%	78.7%	-0.6%	-67.8%	9.4%
Net income growth (YoY)	23.6%	42.1%	82.7%	-57.9%	-18.5%	425.1%
EPS growth (YoY)	25.0%	43.8%	60.0%	-66.4%	-17.9%	417.9%
EPS CAGR (3y)	42.2%	-8.2%	-23.9%	12.6%	33.5%	31.3%
EPS CAGR (5y)	-4.5%	26.9%	5.1%	-9.0%	12.5%	12.6%
FCF growth (YoY)	-	-	-	-	-	19.3%
FCF CAGR (5y)	-	-	-	-	-	5.5%
Book value growth (YoY)	1.0%	-1.0%	-0.8%	1177.7%	-91.2%	16.9%

Sales by segment

From XBRL dimensional facts in the 10-K period ending 2025-12-31.

Business segments

$1.70B total

Reportable Segment$1.70B · 100.0%

Geographic

$1.70B total

US$1.55B · 91.5%

CA$97.80M · 5.8%

Other Geographical Areas$47.00M · 2.8%

Stability scores

Altman Z′

FY 2025 · bankruptcy risk

1.37

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: General Industrial Machinery & Equipment

Company	Revenue (last FY)	Net margin	ROE
ZBRA	$5.40B	7.8%	11.7%
IR	$7.65B	7.6%	5.8%
GTES	$3.44B	7.3%	7.5%
ITW	$16.04B	19.1%	95.0%
GHM	$209.90M	5.8%	10.2%

Comparing Zurn Elkay Water Solutions Corp against the 5 most active filers in the same SIC group.

Dividends

$0.42/share trailing 12 months · +20.0% YoY

Ex-date	Per share
May 20, 2026	$0.1100
Feb 20, 2026	$0.1100
Nov 20, 2025	$0.1100
Aug 20, 2025	$0.0900
May 20, 2025	$0.0900
Feb 20, 2025	$0.0900
Nov 20, 2024	$0.0900
Aug 20, 2024	$0.0800
May 17, 2024	$0.0800
Feb 16, 2024	$0.0800
Nov 17, 2023	$0.0800
Aug 17, 2023	$0.0700
May 18, 2023	$0.0700
Feb 17, 2023	$0.0700
Nov 17, 2022	$0.0700
Aug 18, 2022	$0.0700
May 19, 2022	$0.0300
Feb 17, 2022	$0.0300
Nov 18, 2021	$0.0300
Aug 19, 2021	$0.0434
May 19, 2021	$0.0434
Feb 18, 2021	$0.0434
Nov 19, 2020	$0.0385
Aug 19, 2020	$0.0385