What is Mueller Water Products, Inc.'s earnings per share (EPS)?

Mueller Water Products, Inc. (MWA) reported diluted earnings per share of $1.22 for fiscal year 2025. This represents a 64.9% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Mueller Water Products, Inc. (MWA) Financials

MWA

Trailing 12 months to June 30, 2026

Revenue $1.5B +5.9% YoY

Net Income $222.2M +49.0% YoY

EPS (Diluted) $1.42 +51.1% YoY

Free Cash Flow $179.6M +3.9% YoY

Market Cap $3.4B as of Oct 17, 2026

Price / Sales 2.3x on $1.5B revenue, trailing 12 months to June 30, 2026

Price / Earnings 15.3x on $222.2M net income, trailing 12 months to June 30, 2026

Price / Book 3.0x on $1.1B equity, Q3 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 17, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q3 FY2026, ended Jun 30, 2026 Reported Aug 6, 2026 Currency USD FYE September

Newest figures come from the 10-Q for Q3 FY2026, filed Aug 6, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the MWA SEC filings page.

Mueller Water Products, Inc. (MWA) reported $1.5B in revenue over the twelve months to Jun 30, 2026, up 5.9% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI MWA FY2025 2026-10-03

Mueller’s recent earnings acceleration comes from wider margins and a stronger equity base, while cash generation lags.

Net income rose 65.5% in FY2025 while operating cash flow fell 8.2%, showing earnings and cash temporarily moving in opposite directions. Free cash flow fell 10.1% despite capex staying nearly flat at $47.3M, pointing to weaker cash conversion rather than heavier reinvestment.

Operating margin expanded by 4.0 percentage points in FY2025, while gross margin rose only 1.2 points. That gap suggests much of the earnings acceleration came below gross profit—through operating-cost absorption or other operating items—rather than solely from product economics.

From FY2024 to FY2025, liabilities rose 3.8% as equity growth reached 21.2%. Debt-to-equity fell to 0.5x and the current ratio reached 3.5x, so the stronger earnings period coincided with a less debt-dependent balance sheet and broader short-term coverage.

Financial Health Signals

Financial Health Score 74/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Mueller Water Products, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Mueller Water Products, Inc. has an operating margin of 18.2%, meaning the company retains $18 of operating profit per $100 of revenue. This strong profitability earns a score of 75/100, reflecting efficient cost management and pricing power. This is up from 13.8% the prior year.

Growth

Mueller Water Products, Inc.'s revenue grew 8.7% year-over-year to $1.4B, a solid pace of expansion. This earns a growth score of 53/100.

Leverage

Mueller Water Products, Inc. carries a low D/E ratio of 0.46, meaning only $0.46 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 83/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

With a current ratio of 3.54, Mueller Water Products, Inc. holds $3.54 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 84/100.

Cash Flow

Mueller Water Products, Inc. converts 12.0% of revenue into free cash flow ($172.0M). This strong cash generation earns a score of 69/100.

Returns

Mueller Water Products, Inc. earns a strong 19.5% return on equity (ROE), meaning it generates $20 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 78/100. This is up from 14.3% the prior year.

Altman Z-Score Safe

3.97

Mueller Water Products, Inc. scores 3.97, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($3.4B) relative to total liabilities ($857.2M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Strong

7/9

Mueller Water Products, Inc. passes 7 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Cash-Backed

1.14x

For every $1 of reported earnings, Mueller Water Products, Inc. generates $1.14 in operating cash flow ($219.3M OCF vs $191.7M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Safe

13.03x

Mueller Water Products, Inc. earns $13.03 in operating income for every $1 of interest expense ($260.6M vs $20.0M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Earnings & Revenue

Revenue

$395.9M

YoY+4.1%

QoQ+3.0%

5Y CAGR+5.0%

10Y CAGR+5.8%

Mueller Water Products, Inc. generated $395.9M in revenue in Q3 2026. This represents an increase of 4.1% from the same quarter a year earlier. Against the prior quarter it is up 3.0%.

EBITDA

$93.2M

YoY+9.1%

QoQ+0.4%

5Y CAGR+10.0%

10Y CAGR+11.1%

Mueller Water Products, Inc.'s EBITDA was $93.2M in Q3 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 9.1% from the same quarter a year earlier. Against the prior quarter it is up 0.4%.

Net Income

$67.3M

YoY+28.2%

QoQ+13.9%

5Y CAGR+36.1%

10Y CAGR+15.8%

Mueller Water Products, Inc. reported $67.3M in net income in Q3 2026. This represents an increase of 28.2% from the same quarter a year earlier. Against the prior quarter it is up 13.9%.

EPS (Diluted)

$0.43

YoY+30.3%

QoQ+13.2%

Mueller Water Products, Inc. earned $0.43 per diluted share (EPS) in Q3 2026. This represents an increase of 30.3% from the same quarter a year earlier. Against the prior quarter it is up 13.2%.

Cash & Balance Sheet

Free Cash Flow

$94.1M

YoY+68.9%

QoQ+442.2%

5Y CAGR+15.8%

10Y CAGR+5.6%

Mueller Water Products, Inc. generated $94.1M in free cash flow in Q3 2026, representing cash available after capex. This represents an increase of 68.9% from the same quarter a year earlier. Against the prior quarter it is up 442.2%.

Cash & Debt

$495.3M

YoY+33.1%

QoQ+17.6%

5Y CAGR+16.7%

10Y CAGR+12.8%

Mueller Water Products, Inc. held $495.3M in cash against $451.3M in long-term debt as of Q3 2026.

Dividends Per Share

$0.07

YoY+4.5%

QoQ0.0%

5Y CAGR+4.9%

Mueller Water Products, Inc. paid $0.07 per share in dividends in Q3 2026. This represents an increase of 4.5% from the same quarter a year earlier. It is unchanged from the prior quarter.

Shares Outstanding

156M

YoY-0.1%

QoQ-0.2%

5Y CAGR-0.3%

10Y CAGR-0.3%

Mueller Water Products, Inc. had 156M shares outstanding in Q3 2026. This represents a decrease of 0.1% from the same quarter a year earlier. Against the prior quarter it is down 0.2%.

Margins & Returns

Gross Margin

39.4%

YoY+1.0pp

QoQ+1.8pp

5Y change+5.4pp

10Y change+2.3pp

Mueller Water Products, Inc.'s gross margin was 39.4% in Q3 2026, indicating the percentage of revenue retained after direct costs. This is up 1.0 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.8 percentage points.

Operating Margin

20.4%

YoY+1.0pp

QoQ-0.6pp

5Y change+6.6pp

10Y change+10.3pp

Mueller Water Products, Inc.'s operating margin was 20.4% in Q3 2026, reflecting core business profitability. This is up 1.0 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.6 percentage points.

Net Margin

17.0%

YoY+3.2pp

QoQ+1.6pp

5Y change+12.4pp

10Y change+10.1pp

Mueller Water Products, Inc.'s net profit margin was 17.0% in Q3 2026, showing the share of revenue converted to profit. This is up 3.2 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.6 percentage points.

Return on Equity

6.0%

YoY+0.4pp

QoQ+0.5pp

5Y change+3.9pp

10Y change+2.1pp

Mueller Water Products, Inc.'s ROE was 6.0% in Q3 2026, measuring profit generated per dollar of shareholder equity. This is up 0.4 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.5 percentage points.

Capital Allocation

Share Buybacks

$10.0M

YoY0.0%

Mueller Water Products, Inc. spent $10.0M on share buybacks in Q3 2026, returning capital to shareholders by reducing shares outstanding. That is unchanged from the same quarter a year earlier.

Capital Expenditures

$11.7M

YoY0.0%

QoQ-20.4%

5Y CAGR-4.8%

10Y CAGR+8.7%

Mueller Water Products, Inc. invested $11.7M in capex in Q3 2026, funding long-term assets and infrastructure. That is unchanged from the same quarter a year earlier. Against the prior quarter it is down 20.4%.

R&D Spending

Not reported for Q3 2026.

MWA Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

MWA quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$1.5B	$1.4B+8.7%	$1.3B+3.1%	$1.3B+2.3%	$1.2B+12.3%	$1.1B+15.2%	$964.1M-0.4%	$968.0M+5.7%	$916.0M+10.9%	$826.0M+3.2%	$800.6M+0.9%	$793.4M-33.0%	$1.2B+5.7%	$1.1B+9.5%	$1.0B+6.1%	$964.6M
Cost of Revenue	$919.2M	$913.0M+6.7%	$855.7M-4.5%	$896.2M+1.5%	$883.1M+17.4%	$752.5M+18.3%	$635.9M-1.7%	$647.1M+3.4%	$626.1M+12.2%	$558.1M+5.0%	$531.7M-2.8%	$547.1M-34.6%	$836.8M+3.6%	$807.6M+7.3%	$752.8M+5.1%	$716.5M
Gross Profit	$560.1M	$516.7M+12.6%	$459.0M+20.9%	$379.5M+4.2%	$364.3M+1.6%	$358.5M+9.2%	$328.2M+2.3%	$320.9M+10.7%	$289.9M+8.2%	$267.9M-0.4%	$268.9M+9.2%	$246.3M-29.2%	$347.9M+11.1%	$313.2M+15.5%	$271.1M+9.3%	$248.1M
R&D Expenses	N/A	$19.9M-2.9%	$20.5M-20.8%	$25.9M+5.7%	$24.5M+43.3%	$17.1M+14.0%	$15.0M+4.9%	$14.3M+23.3%	$11.6M-4.1%	$12.1M+22.2%	$9.9M-18.2%	$12.1M-16.0%	$14.4M-2.7%	$14.8M+16.5%	$12.7M+28.3%	$9.9M
SG&A Expenses	$250.2M	$247.3M+0.9%	$245.2M+1.4%	$241.9M+1.3%	$238.7M+9.1%	$218.8M+10.3%	$198.4M+8.6%	$182.7M+9.6%	$166.7M+7.3%	$155.4M+3.9%	$149.5M+1.9%	$146.7M-33.5%	$220.7M+2.9%	$214.4M+5.0%	$204.2M+6.5%	$191.8M
Operating Income	$287.3M	$260.6M+43.4%	$181.7M+42.6%	$127.4M+14.2%	$111.6M-15.3%	$131.7M+12.8%	$116.8M-6.0%	$124.3M+2.1%	$121.7M+19.2%	$102.1M-9.0%	$112.2M+41.0%	$79.6M-35.9%	$124.1M+27.5%	$97.3M+51.8%	$64.1M+21.6%	$52.7M
EBITDA	N/A	$307.5M+24.0%	$247.9M+30.5%	$189.9M+10.3%	$172.1M-10.0%	$191.3M+9.6%	$174.6M-1.5%	$177.3M+7.2%	$165.4M+14.9%	$144.0M-5.1%	$151.7M+23.3%	$123.0M-32.0%	$180.8M+15.5%	$156.5M+25.5%	$124.7M+7.7%	$115.8M
Interest Expense	$17.7M	$20.0M-7.0%	$21.5M+16.8%	$18.4M+4.5%	$17.6M-26.1%	$23.8M-10.5%	$26.6M+14.2%	$23.3M-7.9%	$25.3M+4.5%	$24.2M+0.8%	$24.0M-13.7%	$27.8M-44.4%	$50.0M-3.8%	$52.0M-13.6%	$60.2M+191.4%	-$65.9M
Income Tax	$60.8M	$62.5M+31.6%	$47.5M+102.1%	$23.5M+6.8%	$22.0M-10.2%	$24.5M+10.9%	$22.1M+20.8%	$18.3M+284.8%	-$9.9M-140.9%	$24.2M0.0%	$24.2M+191.6%	$8.3M-53.9%	$18.0M+104.5%	$8.8M+11.4%	$7.9M+372.4%	-$2.9M
Net Income	$222.2M	$191.7M+65.4%	$115.9M+35.6%	$85.5M+11.6%	$76.6M+8.8%	$70.4M-2.2%	$72.0M+12.9%	$63.8M-39.6%	$105.6M-14.4%	$123.3M+93.0%	$63.9M+106.8%	$30.9M-44.3%	$55.5M+36.0%	$40.8M+137.6%	-$108.4M-184.5%	-$38.1M
EPS (Basic)	N/A	$1.23+66.2%	$0.74+34.5%	$0.55+12.2%	$0.49+11.4%	$0.44-4.3%	$0.46+15.0%	$0.40-40.3%	$0.67-13.0%	$0.77+92.5%	$0.40+110.5%	$0.19-45.7%	$0.35+34.6%	$0.26+137.7%	-$0.69-176.0%	-$0.25
EPS (Diluted)	$1.42	$1.22+64.9%	$0.74+34.5%	$0.55+14.6%	$0.48+9.1%	$0.44-2.2%	$0.45+12.5%	$0.40-39.4%	$0.66-13.2%	$0.76+94.9%	$0.39+105.3%	$0.19-44.1%	$0.34+36.0%	$0.25+136.2%	-$0.69-176.0%	-$0.25
Diluted Shares (Avg)	N/A	158M+0.4%	157M+0.1%	157M-0.8%	158M-0.8%	159M+0.4%	159M-0.3%	159M-0.4%	160M-1.3%	162M-1.0%	163M+0.1%	163M+0.6%	162M+1.2%	160M+2.4%	157M+0.8%	155M

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Revenue	$395.9M+4.1%	$384.4M+5.5%	$318.2M+4.6%	$380.8M+9.4%	$380.3M+6.6%	$364.3M+3.1%	$304.3M+18.7%	$348.2M+15.5%
Cost of Revenue	$240.1M+2.3%	$239.9M+1.5%	$198.4M-1.4%	$240.8M+1.5%	$234.6M+4.1%	$236.3M+6.0%	$201.3M+18.3%	$237.3M+11.4%
Gross Profit	$155.8M+6.9%	$144.5M+12.9%	$119.8M+16.3%	$140.0M+26.2%	$145.7M+10.9%	$128.0M-1.8%	$103.0M+19.4%	$110.9M+25.5%
SG&A Expenses	$64.0M-9.9%	$59.7M+7.2%	$59.8M+10.9%	$66.7M+5.7%	$71.0M+15.4%	$55.7M-12.6%	$53.9M-5.3%	$63.1M+16.4%
Operating Income	$80.6M+9.4%	$80.4M+15.0%	$56.7M+19.6%	$69.6M+145.1%	$73.7M+10.0%	$69.9M+10.1%	$47.4M+107.9%	$28.4M+14.1%
EBITDA	$93.2M+9.1%	$92.8M+14.3%	$68.8M+17.6%	$82.4M+81.5%	$85.4M+2.5%	$81.2M+1.5%	$58.5M+49.2%	$45.4M+9.9%
Interest Expense	$700K-58.8%	$1.6M-30.4%	$1.0M-37.5%	$14.4M-53.8%	$1.7M+160.7%	$2.3M+163.9%	$1.6M+148.5%	$31.2M+4.7%
Income Tax	$12.5M-35.9%	$19.7M+20.1%	$12.5M+19.0%	$16.1M+11.8%	$19.5M+22.6%	$16.4M+12.3%	$10.5M+303.8%	$14.4M+311.4%
Net Income	$67.3M+28.2%	$59.1M+15.2%	$43.2M+22.4%	$52.6M+426.0%	$52.5M+11.0%	$51.3M+15.8%	$35.3M+146.9%	$10.0M-41.9%
EPS (Basic)	$0.43+26.5%	$0.38+15.2%	$0.28+21.7%	$0.34+466.7%	$0.34+13.3%	$0.33+17.9%	$0.23+155.6%	$0.06-45.5%
EPS (Diluted)	$0.43+30.3%	$0.38+15.2%	$0.27+22.7%	$0.34+466.7%	$0.33+10.0%	$0.33+17.9%	$0.22+144.4%	$0.06-45.5%
Diluted Shares (Avg)	157M-0.1%	157M-0.1%	157M-0.1%	N/A	157M+0.4%	158M+0.5%	158M+0.5%	N/A

Not reported in any period shown, so not listed: R&D Expenses.

MWA Balance Sheet

MWA quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$1.8B+12.4%	$1.6B+8.7%	$1.5B+0.5%	$1.5B-1.3%	$1.5B+8.8%	$1.4B+4.3%	$1.3B+3.5%	$1.3B+2.7%	$1.3B-1.7%	$1.3B+4.1%	$1.2B-6.3%	$1.3B+2.4%	$1.3B+3.3%	$1.2B-16.4%	$1.5B
Current Assets	$1.0B+19.9%	$858.4M+21.4%	$706.8M+3.9%	$680.0M+4.0%	$653.7M+12.5%	$581.2M+2.5%	$566.9M-17.3%	$685.5M+2.3%	$670.3M+9.5%	$612.3M+11.4%	$549.5M-9.5%	$607.4M+6.7%	$569.4M+16.2%	$489.9M-18.2%	$598.8M
Cash & Equivalents	$431.5M+39.2%	$309.9M+93.3%	$160.3M+9.4%	$146.5M-35.6%	$227.5M+8.9%	$208.9M+18.2%	$176.7M-49.1%	$347.1M-4.0%	$361.7M+85.5%	$195.0M-46.1%	$361.7M+124.5%	$161.1M+30.3%	$123.6M+48.9%	$83.0M+36.1%	$61.0M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$328.7M+8.9%	$301.7M+1.3%	$297.9M+6.9%	$278.7M+50.9%	$184.7M+13.7%	$162.5M-15.1%	$191.4M+22.2%	$156.6M+12.7%	$138.9M+6.3%	$130.7M-40.3%	$219.1M+10.7%	$198.0M-5.0%	$208.5M+13.8%	$183.2M+4.2%	$175.9M
Accounts Receivable	$211.9M+1.4%	$208.9M-3.8%	$217.1M-4.8%	$228.0M+7.4%	$212.2M+17.4%	$180.8M+4.6%	$172.8M+5.2%	$164.3M+13.1%	$145.3M+10.2%	$131.8M-24.8%	$175.3M-3.7%	$182.1M+10.7%	$164.5M-1.0%	$166.1M+12.7%	$147.4M
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$89.2M+10.5%	$80.7M-13.9%	$93.7M-5.0%	$98.6M-14.3%	$115.1M+15.3%	$99.8M+4.3%	$95.7M+690.9%	$12.1M-6.2%	$12.9M+138.9%	$5.4M0.0%	$5.4M0.0%	$5.4M	$0	$0-100.0%	$500K
Total Liabilities	$857.2M+3.8%	$825.8M+4.1%	$793.5M-4.3%	$828.8M+0.7%	$823.1M+9.1%	$754.3M+1.2%	$745.0M+2.5%	$727.1M-5.4%	$768.8M-10.7%	$861.1M-0.1%	$862.0M-10.3%	$960.9M+0.8%	$953.7M-5.5%	$1.0B-8.7%	$1.1B
Current Liabilities	$290.3M+12.5%	$258.0M+17.9%	$218.8M-9.2%	$241.0M+9.5%	$220.1M+42.0%	$155.0M-13.2%	$178.5M+6.8%	$167.1M+18.0%	$141.6M-23.8%	$185.8M+10.6%	$168.0M-31.3%	$244.4M+33.5%	$183.1M+8.7%	$168.4M-13.6%	$194.8M
Non-Current Liabilities	$566.9M-0.2%	$567.8M-1.2%	$574.7M-2.2%	$587.8M-2.5%	$603.0M+0.6%	$599.3M+5.8%	$566.5M+1.2%	$560.0M-10.7%	$627.2M-7.1%	$675.3M-2.7%	$694.0M-3.1%	$716.5M-7.0%	$770.6M-8.4%	$841.3M-7.7%	$911.2M
Long-Term Debt	$450.4M+0.4%	$448.7M+0.4%	$446.7M+0.1%	$446.1M0.0%	$445.9M-0.1%	$446.5M+0.2%	$445.4M+0.2%	$444.3M-6.5%	$475.0M-0.8%	$478.8M-0.8%	$482.9M-2.4%	$494.8M-17.5%	$599.5M-3.6%	$621.7M-8.2%	$677.4M
Total Equity	$981.7M+21.2%	$810.1M+13.9%	$711.5M+6.3%	$669.3M-3.7%	$694.9M+8.5%	$640.7M+8.6%	$590.1M+4.8%	$563.3M+15.3%	$488.4M+16.8%	$418.3M+14.2%	$366.3M+4.7%	$350.0M+6.6%	$328.2M+42.0%	$231.2M-39.0%	$379.0M
Retained Earnings	-$174.2M+52.4%	-$365.9M+24.1%	-$481.8M+15.1%	-$567.3M+11.9%	-$643.9M+9.8%	-$714.2M+9.2%	-$786.2M+7.5%	-$850.0M+11.1%	-$955.6M+11.4%	-$1.1B+5.6%	-$1.1B+2.6%	-$1.2B+4.5%	-$1.2B+3.2%	-$1.3B-9.3%	-$1.2B

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Total Assets	$2.0B+12.9%	$1.9B+12.8%	$1.8B+14.1%	$1.8B+12.4%	$1.7B+10.3%	$1.7B+8.5%	$1.6B+5.9%	$1.6B+8.7%
Current Assets	$1.1B+20.5%	$1.1B+19.7%	$1.0B+22.1%	$1.0B+19.9%	$937.8M+19.4%	$890.7M+19.0%	$842.7M+15.5%	$858.4M+21.4%
Cash & Equivalents	$495.3M+33.1%	$421.0M+27.9%	$459.6M+35.9%	$431.5M+39.2%	$372.0M+52.9%	$329.2M+83.7%	$338.2M+56.1%	$309.9M+93.3%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$379.8M+20.0%	$385.4M+26.2%	$376.7M+18.5%	$328.7M+8.9%	$316.6M+7.8%	$305.5M-0.6%	$317.8M+2.1%	$301.7M+1.3%
Accounts Receivable	$203.2M-1.1%	$208.6M-3.1%	$137.1M-5.6%	$211.9M+1.4%	$205.4M-3.7%	$215.3M-6.3%	$145.3M-13.5%	$208.9M-3.8%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$92.1M+5.1%	$92.1M+13.8%	$92.1M+13.0%	$89.2M+10.5%	$87.6M-8.3%	$80.9M-16.6%	$81.5M-17.1%	$80.7M-13.9%
Total Liabilities	$832.9M+3.9%	$814.0M+2.1%	$828.6M+5.5%	$857.2M+3.8%	$801.4M+3.1%	$797.0M+1.5%	$785.1M-1.6%	$825.8M+4.1%
Current Liabilities	$243.8M+0.4%	$233.3M-0.8%	$256.0M+16.2%	$290.3M+12.5%	$242.8M+14.3%	$235.3M+10.8%	$220.3M-0.6%	$258.0M+17.9%
Non-Current Liabilities	$589.1M+5.5%	$580.7M+3.4%	$572.6M+1.4%	$566.9M-0.2%	$558.6M-1.1%	$561.7M-1.9%	$564.8M-1.9%	$567.8M-1.2%
Long-Term Debt	$451.3M+0.3%	$451.0M+0.3%	$450.9M+0.5%	$450.4M+0.4%	$449.8M+0.4%	$449.5M+0.3%	$448.7M+0.4%	$448.7M+0.4%
Total Equity	$1.1B+20.6%	$1.1B+22.6%	$1.0B+22.1%	$981.7M+21.2%	$929.0M+17.4%	$873.6M+15.8%	$834.1M+14.1%	$810.1M+13.9%
Retained Earnings	-$4.6M+98.0%	-$71.9M+74.3%	-$131.0M+60.4%	-$174.2M+52.4%	-$226.8M+39.7%	-$279.3M+34.0%	-$330.6M+29.3%	-$365.9M+24.1%

MWA Cash Flow Statement

MWA quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$237.7M	$219.3M-8.2%	$238.8M+119.1%	$109.0M+108.4%	$52.3M-66.6%	$156.7M+11.7%	$140.3M+51.7%	$92.5M-30.5%	$133.1M+124.1%	$59.4M-48.1%	$114.5M+97.1%	$58.1M-60.6%	$147.6M+29.4%	$114.1M+48.6%	$76.8M+91.5%	$40.1M
Depreciation & Amortization	N/A	$46.9M-29.2%	$66.2M+5.9%	$62.5M+3.3%	$60.5M+1.5%	$59.6M+3.1%	$57.8M+9.1%	$53.0M+21.3%	$43.7M+4.3%	$41.9M+6.1%	$39.5M-9.0%	$43.4M-23.5%	$56.7M-4.2%	$59.2M-2.3%	$60.6M-4.0%	$63.1M
Stock-Based Compensation	N/A	$10.7M+18.9%	$9.0M+5.9%	$8.5M-2.3%	$8.7M+7.4%	$8.1M+52.8%	$5.3M+23.3%	$4.3M-17.3%	$5.2M-13.3%	$6.0M+27.7%	$4.7M+17.5%	$4.0M-53.5%	$8.6M+21.1%	$7.1M+39.2%	$5.1M+2.0%	$5.0M
Capital Expenditures	$58.1M	$47.3M-0.2%	$47.4M-0.4%	$47.6M-13.0%	$54.7M-12.8%	$62.7M-7.4%	$67.7M-21.8%	$86.6M+55.5%	$55.7M+37.2%	$40.6M+28.9%	$31.5M+15.8%	$27.2M-26.3%	$36.9M+3.7%	$35.6M+13.4%	$31.4M+35.9%	$23.1M
Free Cash Flow	$179.6M	$172.0M-10.1%	$191.4M+211.7%	$61.4M+2658.3%	-$2.4M-102.6%	$94.0M+29.5%	$72.6M+1130.5%	$5.9M-92.4%	$77.4M+311.7%	$18.8M-77.3%	$83.0M+168.6%	$30.9M-72.1%	$110.7M+41.0%	$78.5M+72.9%	$45.4M+167.1%	$17.0M
Investing Cash Flow	-$56.8M	-$47.1M+0.2%	-$47.2M-12.1%	-$42.1M+23.3%	-$54.9M+32.8%	-$81.7M-21.0%	-$67.5M+68.1%	-$211.8M-342.2%	-$47.9M	N/A	N/A	N/A	N/A	N/A	N/A	-$39.3M
Financing Cash Flow	-$62.6M	-$58.3M-26.7%	-$46.0M+5.7%	-$48.8M+32.2%	-$72.0M-22.4%	-$58.8M-42.0%	-$41.4M+18.7%	-$50.9M+48.2%	-$98.3M	N/A	N/A	N/A	N/A	N/A	N/A	-$22.9M
Dividends Paid	$43.3M	$41.9M+5.0%	$39.9M+4.7%	$38.1M+4.4%	$36.5M+4.9%	$34.8M+5.1%	$33.1M+3.4%	$32.0M+6.3%	$30.1M+25.4%	$24.0M+49.1%	$16.1M+34.2%	$12.0M+7.1%	$11.2M+1.8%	$11.0M0.0%	$11.0M+0.9%	$10.9M
Share Buybacks	$15.5M	$15.0M+50.0%	$10.0M0.0%	$10.0M-71.4%	$35.0M+250.0%	$10.0M+100.0%	$5.0M-50.0%	$10.0M-66.7%	$30.0M-45.5%	$55.0M	$0-100.0%	$5.0M	$0	$0	N/A	N/A

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Operating Cash Flow	$105.8M+57.0%	-$12.8M-189.5%	$61.2M+13.1%	$83.5M-6.5%	$67.4M-22.8%	$14.3M+350.9%	$54.1M-20.3%	$89.3M+58.1%
Depreciation & Amortization	$12.6M+7.7%	$12.4M+9.7%	$12.1M+9.0%	$12.8M-24.7%	$11.7M-28.2%	$11.3M-31.5%	$11.1M-32.3%	$17.0M+3.7%
Stock-Based Compensation	N/A	N/A	$3.5M+40.0%	N/A	$3.2M-13.5%	$3.7M+23.3%	$2.5M-3.8%	N/A
Capital Expenditures	$11.7M0.0%	$14.7M+59.8%	$17.2M+44.5%	$14.5M-25.3%	$11.7M-4.1%	$9.2M-8.9%	$11.9M+108.8%	$19.4M+27.6%
Free Cash Flow	$94.1M+68.9%	-$27.5M-639.2%	$44.0M+4.3%	$69.0M-1.3%	$55.7M-25.8%	$5.1M+132.3%	$42.2M-32.2%	$69.9M+69.2%
Investing Cash Flow	-$10.6M+9.4%	-$14.7M-61.5%	-$17.1M-43.7%	-$14.4M+25.4%	-$11.7M+4.1%	-$9.1M+9.9%	-$11.9M-112.5%	-$19.3M-30.4%
Financing Cash Flow	-$21.0M-3.4%	-$10.9M+21.0%	-$19.6M-49.6%	-$11.1M-109.4%	-$20.3M-118.3%	-$13.8M+31.3%	-$13.1M-15.9%	-$5.3M+73.0%
Dividends Paid	$10.9M+4.8%	$11.0M+4.8%	$10.9M+3.8%	$10.5M+5.0%	$10.4M+5.1%	$10.5M+5.0%	$10.5M+5.0%	$10.0M+5.3%
Share Buybacks	$10.0M0.0%	$0-100.0%	$5.5M	$0	$10.0M	$5.0M	$0	$0-100.0%

MWA Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

MWA quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Gross Margin	36.1%+1.2pp	34.9%+5.2pp	29.8%+0.6pp	29.2%-3.1pp	32.3%-1.8pp	34.0%+0.9pp	33.1%+1.5pp	31.6%-0.8pp	32.4%-1.2pp	33.6%+2.5pp	31.0%+1.7pp	29.4%+1.4pp	27.9%+1.5pp	26.5%+0.8pp	25.7%
Operating Margin	18.2%+4.4pp	13.8%+3.8pp	10.0%+1.0pp	8.9%-2.9pp	11.8%-0.3pp	12.1%-0.7pp	12.8%-0.5pp	13.3%+0.9pp	12.4%-1.7pp	14.0%+4.0pp	10.0%-0.5pp	10.5%+1.8pp	8.7%+2.4pp	6.3%+0.8pp	5.5%
Net Margin	13.4%+4.6pp	8.8%+2.1pp	6.7%+0.6pp	6.1%-0.2pp	6.3%-1.1pp	7.5%+0.9pp	6.6%-4.9pp	11.5%-3.4pp	14.9%+6.9pp	8.0%+4.1pp	3.9%-0.8pp	4.7%+1.0pp	3.6%+14.2pp	-10.6%-6.6pp	-4.0%
Return on Equity	19.5%+5.2pp	14.3%+2.3pp	12.0%+0.6pp	11.4%+1.3pp	10.1%-1.1pp	11.2%+0.4pp	10.8%-7.9pp	18.8%-6.5pp	25.3%+10.0pp	15.3%+6.8pp	8.4%-7.4pp	15.9%+3.4pp	12.4%+59.3pp	-46.9%-36.8pp	-10.1%
Return on Assets	10.4%+3.3pp	7.1%+1.4pp	5.7%+0.6pp	5.1%+0.5pp	4.6%-0.5pp	5.2%+0.4pp	4.8%-3.4pp	8.2%-1.6pp	9.8%+4.8pp	5.0%+2.5pp	2.5%-1.7pp	4.2%+1.0pp	3.2%+11.9pp	-8.7%-6.2pp	-2.6%
Current Ratio	3.54+0.2x	3.33+0.1x	3.23+0.4x	2.82-0.1x	2.97-0.8x	3.75+0.6x	3.18-0.9x	4.10-0.6x	4.73+1.4x	3.300.0x	3.27+0.8x	2.49-0.6x	3.11+0.2x	2.91-0.2x	3.07
Debt-to-Equity	0.46-0.1x	0.55-0.1x	0.630.0x	0.670.0x	0.64-0.1x	0.70-0.1x	0.750.0x	0.79-0.2x	0.97-0.2x	1.14-0.2x	1.32-0.1x	1.41-0.4x	1.83-0.9x	2.69+0.9x	1.79
Asset Turnover	0.780.0x	0.800.0x	0.850.0x	0.83+0.1x	0.730.0x	0.690.0x	0.720.0x	0.71+0.1x	0.660.0x	0.630.0x	0.65-0.3x	0.900.0x	0.870.0x	0.83+0.2x	0.65
FCF Margin	12.0%-2.5pp	14.6%+9.8pp	4.8%+5.0pp	-0.2%-8.6pp	8.5%+0.9pp	7.5%+6.9pp	0.6%-7.8pp	8.5%+6.2pp	2.3%-8.1pp	10.4%+6.5pp	3.9%-5.5pp	9.3%+2.3pp	7.0%+2.6pp	4.4%+2.7pp	1.8%

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Gross Margin	39.4%+1.0pp	37.6%+2.5pp	37.6%+3.8pp	36.8%+4.9pp	38.3%+1.5pp	35.1%-1.8pp	33.9%+0.2pp	31.9%+2.5pp
Operating Margin	20.4%+1.0pp	20.9%+1.7pp	17.8%+2.2pp	18.3%+10.1pp	19.4%+0.6pp	19.2%+1.2pp	15.6%+6.7pp	8.2%-0.1pp
Net Margin	17.0%+3.2pp	15.4%+1.3pp	13.6%+2.0pp	13.8%+10.9pp	13.8%+0.5pp	14.1%+1.5pp	11.6%+6.0pp	2.9%-2.8pp
Return on Equity	6.0%+0.4pp	5.5%-0.4pp	4.2%0.0pp	5.4%+4.1pp	5.7%-0.3pp	5.9%0.0pp	4.2%+2.3pp	1.2%-1.2pp
Return on Assets	3.5%+0.4pp	3.1%+0.1pp	2.3%+0.2pp	2.9%+2.3pp	3.0%0.0pp	3.1%+0.2pp	2.2%+1.2pp	0.6%-0.5pp
Current Ratio	4.64+0.8x	4.57+0.8x	4.02+0.2x	3.54+0.2x	3.86+0.2x	3.79+0.3x	3.83+0.5x	3.33+0.1x
Debt-to-Equity	0.40-0.1x	0.42-0.1x	0.44-0.1x	0.46-0.1x	0.48-0.1x	0.51-0.1x	0.54-0.1x	0.55-0.1x
Asset Turnover	0.200.0x	0.200.0x	0.170.0x	0.210.0x	0.220.0x	0.220.0x	0.190.0x	0.210.0x
FCF Margin	23.8%+9.1pp	-7.1%-8.5pp	13.8%0.0pp	18.1%-1.9pp	14.6%-6.4pp	1.4%+5.9pp	13.9%-10.4pp	20.1%+6.4pp

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Mueller Water Products, Inc. MWA	FY2025	$1.4B	$191.7M	13.4%	$3.4B	74/100
Kadant Inc. KAI	FY2025	$1.1B	$102.0M	9.7%	$3.1B	66/100
Franklin Electric Co Inc FELE	FY2025	$2.1B	$147.1M	6.9%	$4.4B	71/100
Enpro Inc. NPO	FY2025	$1.1B	$40.5M	3.5%	$5.9B	57/100
Crane NXT, Co. CXT	FY2025	$1.7B	$145.1M	8.8%	$3.1B	59/100
Mirion Technologies, Inc. MIR	FY2025	$925.4M	$28.8M	3.1%	$3.8B	57/100

Where Mueller Water Products, Inc. Ranks

Frequently Asked Questions

What is Mueller Water Products, Inc.'s annual revenue?

Mueller Water Products, Inc. (MWA) reported $1.4B in total revenue for fiscal year 2025. This represents a 8.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Mueller Water Products, Inc.'s revenue growing?

Mueller Water Products, Inc. (MWA) revenue grew by 8.7% year-over-year, from $1.3B to $1.4B in fiscal year 2025.

Is Mueller Water Products, Inc. profitable?

Yes, Mueller Water Products, Inc. (MWA) reported a net income of $191.7M in fiscal year 2025, with a net profit margin of 13.4%.

What is Mueller Water Products, Inc.'s EBITDA?

Mueller Water Products, Inc. (MWA) had EBITDA of $307.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Mueller Water Products, Inc. have?

As of fiscal year 2025, Mueller Water Products, Inc. (MWA) had $431.5M in cash and equivalents against $450.4M in long-term debt.

What is Mueller Water Products, Inc.'s gross margin?

Mueller Water Products, Inc. (MWA) had a gross margin of 36.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Mueller Water Products, Inc.'s operating margin?

Mueller Water Products, Inc. (MWA) had an operating margin of 18.2% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Mueller Water Products, Inc.'s net profit margin?

Mueller Water Products, Inc. (MWA) had a net profit margin of 13.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Mueller Water Products, Inc. pay dividends?

Yes, Mueller Water Products, Inc. (MWA) paid $0.27 per share in dividends during fiscal year 2025.

What is Mueller Water Products, Inc.'s return on equity (ROE)?

Mueller Water Products, Inc. (MWA) has a return on equity of 19.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Mueller Water Products, Inc.'s free cash flow?

Mueller Water Products, Inc. (MWA) generated $172.0M in free cash flow during fiscal year 2025. This represents a -10.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Mueller Water Products, Inc.'s operating cash flow?

Mueller Water Products, Inc. (MWA) generated $219.3M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Mueller Water Products, Inc.'s total assets?

Mueller Water Products, Inc. (MWA) had $1.8B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Mueller Water Products, Inc.'s capital expenditures?

Mueller Water Products, Inc. (MWA) invested $47.3M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does Mueller Water Products, Inc. spend on research and development?

Mueller Water Products, Inc. (MWA) invested $19.9M in research and development during fiscal year 2025.

Does Mueller Water Products, Inc. buy back shares?

Yes, Mueller Water Products, Inc. (MWA) spent $15.0M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Mueller Water Products, Inc. have outstanding?

Mueller Water Products, Inc. (MWA) had 156M shares outstanding as of fiscal year 2025.

What is Mueller Water Products, Inc.'s current ratio?

Mueller Water Products, Inc. (MWA) had a current ratio of 3.54 as of fiscal year 2025, which is generally considered healthy.

What is Mueller Water Products, Inc.'s debt-to-equity ratio?

Mueller Water Products, Inc. (MWA) had a debt-to-equity ratio of 0.46 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Mueller Water Products, Inc.'s return on assets (ROA)?

Mueller Water Products, Inc. (MWA) had a return on assets of 10.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Mueller Water Products, Inc.'s P/E ratio?

Mueller Water Products, Inc. (MWA) trades at 15.3x earnings, its market capitalization divided by net income of $222.2M net income, trailing 12 months to June 30, 2026. The market capitalization is $3.4B as of Oct 17, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Mueller Water Products, Inc.'s price-to-sales ratio?

Mueller Water Products, Inc. (MWA) trades at 2.3x sales, its market capitalization divided by revenue of $1.5B revenue, trailing 12 months to June 30, 2026. The market capitalization is $3.4B as of Oct 17, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Mueller Water Products, Inc.'s Altman Z-Score?

Mueller Water Products, Inc. (MWA) has an Altman Z-Score of 3.97, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Mueller Water Products, Inc.'s Piotroski F-Score?

Mueller Water Products, Inc. (MWA) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Mueller Water Products, Inc.'s earnings high quality?

Mueller Water Products, Inc. (MWA) has an earnings quality ratio of 1.14x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Mueller Water Products, Inc. cover its interest payments?

Mueller Water Products, Inc. (MWA) has an interest coverage ratio of 13.03x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Mueller Water Products, Inc.?

Mueller Water Products, Inc. (MWA) scores 74 out of 100 on our Financial Health Score, indicating strong standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.