Mueller Water Products (MWA)

NYSE Industrials Industrial Machinery & Supplies & Components S&P SmallCap 600

$24.05

-0.58 (-2.35%)

Close of Nov 06, 2026 · end-of-day data

Source: Mueller Water Products's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 06, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$800.60M	$826.00M	$916.00M	$968.00M	$964.10M	$1.11B	$1.25B	$1.28B	$1.31B	$1.43B
Cost of revenue	$531.70M	$558.10M	$626.10M	$647.10M	$635.90M	$752.50M	$883.10M	$896.20M	$855.70M	$913.00M
Gross profit	$268.90M	$267.90M	$289.90M	$320.90M	$328.20M	$358.50M	$364.30M	$379.50M	$459.00M	$516.70M
Research & development	$9.90M	$12.10M	$11.60M	$14.30M	$15.00M	$17.10M	$24.50M	$25.90M	$20.50M	$19.90M
Selling, general & admin	$149.50M	$155.40M	$166.70M	$182.70M	$198.40M	$218.80M	$238.70M	$241.90M	$245.20M	$247.30M
Operating income	$112.20M	$102.10M	$121.70M	$124.30M	$116.80M	$131.70M	$111.60M	$127.40M	$181.70M	$260.60M
Interest expense	$24.00M	$24.20M	$25.30M	$23.30M	$26.60M	$23.80M	$17.60M	$18.40M	$21.50M	$20.00M
Pre-tax income	—	—	$95.70M	$82.10M	$94.10M	$94.90M	$98.60M	$109.00M	$163.40M	$254.20M
Income tax	$24.20M	$24.20M	-$9.90M	$18.30M	$22.10M	$24.50M	$22.00M	$23.50M	$47.50M	$62.50M
Net income	$63.90M	$123.30M	$105.60M	$63.80M	$72.00M	$70.40M	$76.60M	$85.50M	$115.90M	$191.70M
EBITDA	$151.70M	$144.00M	$165.40M	$177.30M	$174.60M	$191.30M	$172.10M	$189.90M	$247.90M	$307.50M
EPS (basic)	$0.40	$0.77	$0.67	$0.40	—	$0.44	$0.49	$0.55	$0.74	$1.23
EPS (diluted)	$0.39	$0.76	$0.66	$0.40	—	$0.44	$0.48	$0.55	$0.74	$1.22
Diluted shares	163.40M	161.80M	159.70M	159.00M	158.60M	159.20M	158.00M	156.80M	156.90M	157.50M
Gross margin	33.6%	32.4%	31.6%	33.2%	34.0%	32.3%	29.2%	29.7%	34.9%	36.1%
Operating margin	14.0%	12.4%	13.3%	12.8%	12.1%	11.9%	8.9%	10.0%	13.8%	18.2%
Net margin	8.0%	14.9%	11.5%	6.6%	7.5%	6.3%	6.1%	6.7%	8.8%	13.4%

Balance sheet

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash & equivalents	$195.00M	$361.70M	$347.10M	$176.70M	$208.90M	$227.50M	$146.50M	$160.30M	$309.90M	$431.50M
Receivables	$131.80M	$145.30M	$164.30M	$172.80M	$180.80M	$212.20M	$228.00M	$217.10M	$208.90M	$211.90M
Inventory	$130.70M	$138.90M	$156.60M	$191.40M	$162.50M	$184.70M	$278.70M	$297.90M	$301.70M	$328.70M
Total current assets	$612.30M	$670.30M	$685.50M	$566.90M	$581.20M	$653.70M	$680.00M	$706.80M	$858.40M	$1.03B
Goodwill	$5.40M	$12.90M	$12.10M	$95.70M	$99.80M	$115.10M	$98.60M	$93.70M	$80.70M	$89.20M
Total assets	$1.28B	$1.26B	$1.29B	$1.34B	$1.40B	$1.52B	$1.50B	$1.50B	$1.64B	$1.84B
Total current liabilities	$185.80M	$141.60M	$167.10M	$178.50M	$155.00M	$220.10M	$241.00M	$218.80M	$258.00M	$290.30M
Short-term debt	$5.60M	$5.60M	$700.00K	$900.00K	$1.10M	$1.00M	$800.00K	$700.00K	$800.00K	$1.20M
Long-term debt	$478.80M	$475.00M	$444.30M	$445.40M	$446.50M	$445.90M	$446.10M	$446.70M	$448.70M	$450.40M
Total debt	$484.40M	$480.60M	$445.00M	$446.30M	$447.60M	$446.90M	$446.90M	$447.40M	$449.50M	$451.60M
Total liabilities	$861.10M	$768.80M	$727.10M	$745.00M	$754.30M	$823.10M	$828.80M	$793.50M	$825.80M	$857.20M
Shareholders' equity	$418.30M	$488.40M	$563.30M	$590.10M	$640.70M	$694.90M	$669.30M	$711.50M	$810.10M	$981.70M

Cash flow

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Operating cash flow	$114.50M	$59.40M	$133.10M	$92.50M	$140.30M	$156.70M	$52.30M	$109.00M	$238.80M	$219.30M
Capital expenditures	$31.50M	$40.60M	$55.70M	$86.60M	$67.70M	$62.70M	$54.70M	$47.60M	$47.40M	$47.30M
Free cash flow	$83.00M	$18.80M	$77.40M	$5.90M	$72.60M	$94.00M	-$2.40M	$61.40M	$191.40M	$172.00M
Investing cash flow	-$31.20M	-$66.30M	-$47.90M	-$211.80M	-$67.50M	-$81.70M	-$54.90M	-$42.10M	-$47.20M	-$47.10M
Financing cash flow	-$23.70M	-$81.40M	-$98.30M	-$50.90M	-$41.40M	-$58.80M	-$72.00M	-$48.80M	-$46.00M	-$58.30M
Dividends paid	$16.10M	$24.00M	$30.10M	$32.00M	$33.10M	$34.80M	$36.50M	$38.10M	$39.90M	$41.90M
Share buybacks	$0	$55.00M	$30.00M	$10.00M	$5.00M	$10.00M	$35.00M	$10.00M	$10.00M	$15.00M
Stock-based compensation	$4.70M	$6.00M	$5.20M	$4.30M	$5.30M	$8.10M	$8.70M	$8.50M	$9.00M	$10.70M
Depreciation & amortization	$39.50M	$41.90M	$43.70M	$53.00M	$57.80M	$59.60M	$60.50M	$62.50M	$66.20M	$46.90M

Income statement

quarters · USD

Quarter ended	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue	$301.40M	$256.40M	$353.40M	$356.70M	$348.20M	$304.30M	$364.30M	$380.30M	$380.80M	$318.20M	$384.40M	$395.90M
Cost of revenue	$213.00M	$170.10M	$223.00M	$225.30M	$237.30M	$201.30M	$236.30M	$234.60M	$240.80M	$198.40M	$239.90M	$240.10M
Gross profit	$88.40M	$86.30M	$130.40M	$131.40M	$110.90M	$103.00M	$128.00M	$145.70M	$140.00M	$119.80M	$144.50M	$155.80M
Selling, general & admin	$54.20M	$56.90M	$63.70M	$61.50M	$63.10M	$53.90M	$55.70M	$71.00M	$66.70M	$59.80M	$59.70M	$64.00M
Operating income	$24.90M	$22.80M	$63.50M	$67.00M	$28.40M	$47.40M	$69.90M	$73.70M	$69.60M	$56.70M	$80.40M	$80.60M
Interest expense	—	—	—	—	—	$1.60M	$2.30M	$1.70M	$1.00M	$1.00M	$1.60M	$700.00K
Pre-tax income	$20.70M	$16.90M	$58.90M	$63.20M	$24.40M	$45.80M	$67.70M	$72.00M	$68.70M	$55.70M	$78.80M	$79.80M
Income tax	$3.50M	$2.60M	$14.60M	$15.90M	$14.40M	$10.50M	$16.40M	$19.50M	$16.10M	$12.50M	$19.70M	$12.50M
Net income	$17.20M	$14.30M	$44.30M	$47.30M	$10.00M	$35.30M	$51.30M	$52.50M	$52.60M	$43.20M	$59.10M	$67.30M
EBITDA	$41.30M	$39.20M	$80.00M	$83.30M	$45.40M	$58.50M	$81.20M	$85.40M	$82.40M	$68.80M	$92.80M	$93.20M
EPS (basic)	$0.11	$0.09	$0.28	$0.30	$0.06	$0.23	$0.33	$0.34	$0.34	$0.28	$0.38	$0.43
EPS (diluted)	$0.11	$0.09	$0.28	$0.30	$0.06	$0.22	$0.33	$0.33	$0.34	$0.27	$0.38	$0.43
Diluted shares	0	156.70M	156.70M	156.70M	300.00K	157.50M	157.50M	157.40M	0	157.30M	157.40M	157.30M
Gross margin	29.3%	33.7%	36.9%	36.8%	31.8%	33.8%	35.1%	38.3%	36.8%	37.6%	37.6%	39.4%
Operating margin	8.3%	8.9%	18.0%	18.8%	8.2%	15.6%	19.2%	19.4%	18.3%	17.8%	20.9%	20.4%
Net margin	5.7%	5.6%	12.5%	13.3%	2.9%	11.6%	14.1%	13.8%	13.8%	13.6%	15.4%	17.0%

Balance sheet

quarters · USD

Quarter ended	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Cash & equivalents	$160.30M	$216.70M	$179.20M	$243.30M	$309.90M	$338.20M	$329.20M	$372.00M	$431.50M	$459.60M	$421.00M	$495.30M
Receivables	$217.10M	$167.90M	$229.70M	$213.20M	$208.90M	$145.30M	$215.30M	$205.40M	$211.90M	$137.10M	$208.60M	$203.20M
Inventory	$297.90M	$311.30M	$307.30M	$293.80M	$301.70M	$317.80M	$305.50M	$316.60M	$328.70M	$376.70M	$385.40M	$379.80M
Total current assets	$706.80M	$729.40M	$748.60M	$785.50M	$858.40M	$842.70M	$890.70M	$937.80M	$1.03B	$1.03B	$1.07B	$1.13B
Goodwill	$93.70M	$98.30M	$97.00M	$95.50M	$80.70M	$81.50M	$80.90M	$87.60M	$89.20M	$92.10M	$92.10M	$92.10M
Total assets	$1.50B	$1.53B	$1.54B	$1.57B	$1.64B	$1.62B	$1.67B	$1.73B	$1.84B	$1.85B	$1.88B	$1.95B
Total current liabilities	$218.80M	$221.60M	$212.30M	$212.40M	$258.00M	$220.30M	$235.30M	$242.80M	$290.30M	$256.00M	$233.30M	$243.80M
Short-term debt	$700.00K	$600.00K	$700.00K	$700.00K	$800.00K	$800.00K	$1.00M	$1.00M	$1.20M	$1.40M	$1.40M	$1.60M
Long-term debt	$446.70M	$446.80M	$448.00M	$448.20M	$448.70M	$448.70M	$449.50M	$449.80M	$450.40M	$450.90M	$451.00M	$451.30M
Total debt	$447.40M	$447.40M	$448.70M	$448.90M	$449.50M	$449.50M	$450.50M	$450.80M	$451.60M	$452.30M	$452.40M	$452.90M
Total liabilities	$793.50M	$797.60M	$784.90M	$777.00M	$825.80M	$785.10M	$797.00M	$801.40M	$857.20M	$828.60M	$814.00M	$832.90M
Shareholders' equity	$711.50M	$731.20M	$754.50M	$791.60M	$810.10M	$834.10M	$873.60M	$929.00M	$981.70M	$1.02B	$1.07B	$1.12B

Cash flow

quarters · USD

Quarter ended	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Operating cash flow	$56.50M	$67.90M	-$5.70M	$87.30M	$89.30M	$54.10M	$14.30M	$67.40M	$83.50M	$61.20M	-$12.80M	$105.80M
Capital expenditures	$15.20M	$5.70M	$10.10M	$12.20M	$19.40M	$11.90M	$9.20M	$11.70M	$14.50M	$17.20M	$14.70M	$11.70M
Free cash flow	$41.30M	$62.20M	-$15.80M	$75.10M	$69.90M	$42.20M	$5.10M	$55.70M	$69.00M	$44.00M	-$27.50M	$94.10M
Investing cash flow	-$14.80M	-$5.60M	-$10.10M	-$12.20M	-$19.30M	-$11.90M	-$9.10M	-$11.70M	-$14.40M	-$17.10M	-$14.70M	-$10.60M
Financing cash flow	-$19.60M	-$11.30M	-$20.10M	-$9.30M	-$5.30M	-$13.10M	-$13.80M	-$20.30M	-$11.10M	-$19.60M	-$10.90M	-$21.00M
Dividends paid	$9.50M	$10.00M	$10.00M	$9.90M	$10.00M	$10.50M	$10.50M	$10.40M	$10.50M	$10.90M	$11.00M	$10.90M
Share buybacks	$10.00M	—	—	$0	$0	$0	$5.00M	$10.00M	$0	$5.50M	$0	$10.00M
Stock-based compensation	$2.60M	$2.60M	$1.90M	$2.50M	$2.00M	$2.50M	$2.50M	$2.30M	$3.40M	$3.50M	$4.10M	$2.90M
Depreciation & amortization	$16.40M	$16.40M	$16.50M	$16.30M	$17.00M	$11.10M	$11.30M	$11.70M	$12.80M	$12.10M	$12.40M	$12.60M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.