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Mueller Water A Financials

MWA
Source SEC Filings (10-K/10-Q) Updated Feb 5, 2026 Currency USD FYE September

This page shows Mueller Water A (MWA) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 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).

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 64 / 100
Financial Profile 64/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability
63

Mueller Water A has an operating margin of 18.2%, meaning the company retains $18 of operating profit per $100 of revenue. This results in a moderate score of 63/100, indicating healthy but not exceptional operating efficiency. This is up from 13.8% the prior year.

Growth
48

Mueller Water A's revenue grew 8.7% year-over-year to $1.4B, a solid pace of expansion. This earns a growth score of 48/100.

Leverage
93

Mueller Water A 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 93/100, indicating a strong balance sheet with room for future borrowing.

Liquidity
69

With a current ratio of 3.54, Mueller Water A holds $3.54 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 69/100.

Cash Flow
55

Mueller Water A has a free cash flow margin of 12.0%, earning a moderate score of 55/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns
55

Mueller Water A's ROE of 19.5% shows moderate profitability relative to equity, earning a score of 55/100. This is up from 14.3% the prior year.

Altman Z-Score Safe
4.62

Mueller Water A scores 4.62, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($4.3B) relative to total liabilities ($857.2M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Piotroski F-Score Strong
7/9

Mueller Water A 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 A 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
13.0x

Mueller Water A earns $13.0 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
$1.4B
YoY+8.7%
5Y CAGR+8.2%
10Y CAGR+6.1%

Mueller Water A generated $1.4B in revenue in fiscal year 2025. This represents an increase of 8.7% from the prior year.

EBITDA
$307.5M
YoY+24.0%
5Y CAGR+12.0%
10Y CAGR+9.6%

Mueller Water A's EBITDA was $307.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 24.0% from the prior year.

Net Income
$191.7M
YoY+65.4%
5Y CAGR+21.6%
10Y CAGR+20.0%

Mueller Water A reported $191.7M in net income in fiscal year 2025. This represents an increase of 65.4% from the prior year.

EPS (Diluted)
$1.22
YoY+64.9%
5Y CAGR+22.1%
10Y CAGR+20.4%

Mueller Water A earned $1.22 per diluted share (EPS) in fiscal year 2025. This represents an increase of 64.9% from the prior year.

Cash & Balance Sheet

Free Cash Flow
$172.0M
YoY-10.1%
5Y CAGR+18.8%
10Y CAGR+18.7%

Mueller Water A generated $172.0M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 10.1% from the prior year.

Cash & Debt
$431.5M
YoY+39.2%
5Y CAGR+15.6%
10Y CAGR+1.8%

Mueller Water A held $431.5M in cash against $450.4M in long-term debt as of fiscal year 2025.

Dividends Per Share
$0.27
YoY+4.7%
5Y CAGR+5.0%
10Y CAGR+13.6%

Mueller Water A paid $0.27 per share in dividends in fiscal year 2025. This represents an increase of 4.7% from the prior year.

Shares Outstanding
156M
YoY+0.1%
5Y CAGR-0.2%
10Y CAGR-0.3%

Mueller Water A had 156M shares outstanding in fiscal year 2025. This represents an increase of 0.1% from the prior year.

Margins & Returns

Gross Margin
36.1%
YoY+1.2pp
5Y CAGR+2.1pp
10Y CAGR+5.1pp

Mueller Water A's gross margin was 36.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 1.2 percentage points from the prior year.

Operating Margin
18.2%
YoY+4.4pp
5Y CAGR+6.1pp
10Y CAGR+8.2pp

Mueller Water A's operating margin was 18.2% in fiscal year 2025, reflecting core business profitability. This is up 4.4 percentage points from the prior year.

Net Margin
13.4%
YoY+4.6pp
5Y CAGR+5.9pp
10Y CAGR+9.5pp

Mueller Water A's net profit margin was 13.4% in fiscal year 2025, showing the share of revenue converted to profit. This is up 4.6 percentage points from the prior year.

Return on Equity
19.5%
YoY+5.2pp
5Y CAGR+8.3pp
10Y CAGR+11.1pp

Mueller Water A's ROE was 19.5% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 5.2 percentage points from the prior year.

Capital Allocation

R&D Spending
$19.9M
YoY-2.9%
5Y CAGR+5.8%
10Y CAGR+5.1%

Mueller Water A invested $19.9M in research and development in fiscal year 2025. This represents a decrease of 2.9% from the prior year.

Share Buybacks
$15.0M
YoY+50.0%
5Y CAGR+24.6%
10Y CAGR+11.6%

Mueller Water A spent $15.0M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 50.0% from the prior year.

Capital Expenditures
$47.3M
YoY-0.2%
5Y CAGR-6.9%
10Y CAGR+5.7%

Mueller Water A invested $47.3M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 0.2% from the prior year.

MWA Income Statement

Metric Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24
Revenue $318-100.0% $318.2M-16.4% $380.8M+0.1% $380.3M+4.4% $364.3M+19.7% $304.3M-12.6% $348.2M-2.4% $356.7M
Cost of Revenue $198-100.0% $198.4M-17.6% $240.8M+2.6% $234.6M-0.7% $236.3M+17.4% $201.3M-15.2% $237.3M+5.3% $225.3M
Gross Profit $120-100.0% $119.8M-14.4% $140.0M-3.9% $145.7M+13.8% $128.0M+24.3% $103.0M-7.1% $110.9M-15.6% $131.4M
R&D Expenses N/A N/A N/A N/A N/A N/A N/A N/A
SG&A Expenses $60-100.0% $59.8M-10.3% $66.7M-6.1% $71.0M+27.5% $55.7M+3.3% $53.9M-14.6% $63.1M+2.6% $61.5M
Operating Income $57-100.0% $56.7M-18.5% $69.6M-5.6% $73.7M+5.4% $69.9M+47.5% $47.4M+66.9% $28.4M-57.6% $67.0M
Interest Expense $1-100.0% $1.0M-95.5% $22.4M+1417.6% -$1.7M+26.1% -$2.3M-243.8% $1.6M-94.9% $31.2M+1214.3% -$2.8M
Income Tax $13-100.0% $12.5M-22.4% $16.1M-17.4% $19.5M+18.9% $16.4M+56.2% $10.5M-27.1% $14.4M-9.4% $15.9M
Net Income $43-100.0% $43.2M-17.9% $52.6M+0.2% $52.5M+2.3% $51.3M+45.3% $35.3M+253.0% $10.0M-78.9% $47.3M
EPS (Diluted) $0.270.0% $0.27 N/A $0.330.0% $0.33+50.0% $0.22 N/A $0.30

MWA Balance Sheet

Metric Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24
Total Assets $2K-100.0% $1.8B+0.4% $1.8B+6.3% $1.7B+3.6% $1.7B+3.2% $1.6B-1.0% $1.6B+4.3% $1.6B
Current Assets $1K-100.0% $1.0B0.0% $1.0B+9.7% $937.8M+5.3% $890.7M+5.7% $842.7M-1.8% $858.4M+9.3% $785.5M
Cash & Equivalents $460-100.0% $459.6M+6.5% $431.5M+16.0% $372.0M+13.0% $329.2M-2.7% $338.2M+9.1% $309.9M+27.4% $243.3M
Inventory $377-100.0% $376.7M+14.6% $328.7M+3.8% $316.6M+3.6% $305.5M-3.9% $317.8M+5.3% $301.7M+2.7% $293.8M
Accounts Receivable $137-100.0% $137.1M-35.3% $211.9M+3.2% $205.4M-4.6% $215.3M+48.2% $145.3M-30.4% $208.9M-2.0% $213.2M
Goodwill $92-100.0% $92.1M+3.3% $89.2M+1.8% $87.6M+8.3% $80.9M-0.7% $81.5M+1.0% $80.7M-15.5% $95.5M
Total Liabilities $829-100.0% $828.6M-3.3% $857.2M+7.0% $801.4M+0.6% $797.0M+1.5% $785.1M-4.9% $825.8M+6.3% $777.0M
Current Liabilities $256-100.0% $256.0M-11.8% $290.3M+19.6% $242.8M+3.2% $235.3M+6.8% $220.3M-14.6% $258.0M+21.5% $212.4M
Long-Term Debt $451-100.0% $450.9M+0.1% $450.4M+0.1% $449.8M+0.1% $449.5M+0.2% $448.7M0.0% $448.7M+0.1% $448.2M
Total Equity $1K-100.0% $1.0B+3.7% $981.7M+5.7% $929.0M+6.3% $873.6M+4.7% $834.1M+3.0% $810.1M+2.3% $791.6M
Retained Earnings $131+100.0% -$131.0M+24.8% -$174.2M+23.2% -$226.8M+18.8% -$279.3M+15.5% -$330.6M+9.6% -$365.9M+2.7% -$375.9M

MWA Cash Flow Statement

Metric Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24
Operating Cash Flow $61-100.0% $61.2M-26.7% $83.5M+23.9% $67.4M+371.3% $14.3M-73.6% $54.1M-39.4% $89.3M+2.3% $87.3M
Capital Expenditures $17-100.0% $17.2M+18.6% $14.5M+23.9% $11.7M+27.2% $9.2M-22.7% $11.9M-38.7% $19.4M+59.0% $12.2M
Free Cash Flow $44-100.0% $44.0M-36.2% $69.0M+23.9% $55.7M+992.2% $5.1M-87.9% $42.2M-39.6% $69.9M-6.9% $75.1M
Investing Cash Flow $17+100.0% -$17.1M-18.8% -$14.4M-23.1% -$11.7M-28.6% -$9.1M+23.5% -$11.9M+38.3% -$19.3M-58.2% -$12.2M
Financing Cash Flow $20+100.0% -$19.6M-76.6% -$11.1M+45.3% -$20.3M-47.1% -$13.8M-5.3% -$13.1M-147.2% -$5.3M+43.0% -$9.3M
Dividends Paid $11-100.0% $10.9M+3.8% $10.5M+1.0% $10.4M-1.0% $10.5M0.0% $10.5M+5.0% $10.0M+1.0% $9.9M
Share Buybacks $6-100.0% $5.5M $0-100.0% $10.0M+100.0% $5.0M $0 $0 $0

MWA Financial Ratios

Metric Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24
Gross Margin 37.6%0.0pp 37.6%+0.9pp 36.8%-1.6pp 38.3%+3.2pp 35.1%+1.3pp 33.9%+2.0pp 31.9%-5.0pp 36.8%
Operating Margin 17.8%0.0pp 17.8%-0.5pp 18.3%-1.1pp 19.4%+0.2pp 19.2%+3.6pp 15.6%+7.4pp 8.2%-10.6pp 18.8%
Net Margin 13.6%0.0pp 13.6%-0.2pp 13.8%0.0pp 13.8%-0.3pp 14.1%+2.5pp 11.6%+8.7pp 2.9%-10.4pp 13.3%
Return on Equity 4.2%0.0pp 4.2%-1.1pp 5.4%-0.3pp 5.7%-0.2pp 5.9%+1.6pp 4.2%+3.0pp 1.2%-4.8pp 6.0%
Return on Assets 2.3%0.0pp 2.3%-0.5pp 2.9%-0.2pp 3.0%-0.0pp 3.1%+0.9pp 2.2%+1.6pp 0.6%-2.4pp 3.0%
Current Ratio 4.020.0 4.02+0.5 3.54-0.3 3.86+0.1 3.79-0.0 3.83+0.5 3.33-0.4 3.70
Debt-to-Equity 0.440.0 0.44-0.0 0.46-0.0 0.48-0.0 0.51-0.0 0.54-0.0 0.55-0.0 0.57
FCF Margin 13.8%0.0pp 13.8%-4.3pp 18.1%+3.5pp 14.6%+13.2pp 1.4%-12.5pp 13.9%-6.2pp 20.1%-1.0pp 21.1%

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Frequently Asked Questions

Mueller Water A (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.

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

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

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

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

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

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

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

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

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

Mueller Water A (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.

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

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

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

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

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

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

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

Mueller Water A (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.

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

Mueller Water A (MWA) has an Altman Z-Score of 4.62, 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.

Mueller Water A (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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Mueller Water A (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.

Mueller Water A (MWA) has an interest coverage ratio of 13.0x, 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.

Mueller Water A (MWA) scores 64 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.

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