Mueller Water A Financials
Mueller Water A (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).
Mueller’s dominant mechanic is margin expansion through operating leverage, with profit growth outpacing revenue while reinvestment remains comparatively steady.
From FY2024 to FY2025, revenue rose8.7% while operating income increased43.4% ; relatively restrained SG&A growth indicates stronger fixed-cost absorption and operating profit conversion, not simply volume.
Gross-margin expansion moved from
FY2025 earnings quality was supported by cash: net income was
Financial Health Signals
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 A'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.
Mueller Water A 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 77/100, reflecting efficient cost management and pricing power. This is up from 13.8% the prior year.
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 54/100.
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 83/100, indicating a strong balance sheet with room for future borrowing.
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 82/100.
Mueller Water A converts 12.0% of revenue into free cash flow ($172.0M). This strong cash generation earns a score of 71/100.
Mueller Water A 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 79/100. This is up from 14.3% the prior year.
Mueller Water A scores 4.26, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($3.8B) 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.
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.
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.
Mueller Water A 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
Earnings & Revenue
Mueller Water A generated $1.4B in revenue in fiscal year 2025. This represents an increase of 8.7% from the prior year.
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.
Mueller Water A reported $191.7M in net income in fiscal year 2025. This represents an increase of 65.4% from the prior year.
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
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.
Mueller Water A held $431.5M in cash against $450.4M in long-term debt as of fiscal year 2025.
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.
Margins & Returns
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.
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.
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.
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
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.
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.
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
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $395.9M+3.0% | $384.4M+20.8% | $318.2M-16.4% | $380.8M+0.1% | $380.3M+4.4% | $364.3M+19.7% | $304.3M-12.6% | $348.2M |
| Cost of Revenue | $240.1M+0.1% | $239.9M+20.9% | $198.4M-17.6% | $240.8M+2.6% | $234.6M-0.7% | $236.3M+17.4% | $201.3M-15.2% | $237.3M |
| Gross Profit | $155.8M+7.8% | $144.5M+20.6% | $119.8M-14.4% | $140.0M-3.9% | $145.7M+13.8% | $128.0M+24.3% | $103.0M-7.1% | $110.9M |
| SG&A Expenses | $64.0M+7.2% | $59.7M-0.2% | $59.8M-10.3% | $66.7M-6.1% | $71.0M+27.5% | $55.7M+3.3% | $53.9M-14.6% | $63.1M |
| Operating Income | $80.6M+0.2% | $80.4M+41.8% | $56.7M-18.5% | $69.6M-5.6% | $73.7M+5.4% | $69.9M+47.5% | $47.4M+66.9% | $28.4M |
| Interest Expense | $700K-56.3% | $1.6M+60.0% | $1.0M-93.1% | $14.4M+747.1% | $1.7M-26.1% | $2.3M+43.8% | $1.6M-94.9% | $31.2M |
| Income Tax | $12.5M-36.5% | $19.7M+57.6% | $12.5M-22.4% | $16.1M-17.4% | $19.5M+18.9% | $16.4M+56.2% | $10.5M-27.1% | $14.4M |
| Net Income | $67.3M+13.9% | $59.1M+36.8% | $43.2M-17.9% | $52.6M+0.2% | $52.5M+2.3% | $51.3M+45.3% | $35.3M+253.0% | $10.0M |
| EPS (Diluted) | $0.43+13.2% | $0.38+40.7% | $0.27-20.6% | $0.34+3.0% | $0.330.0% | $0.33+50.0% | $0.22+266.7% | $0.06 |
Not reported in any period shown, so not listed: R&D Expenses.
MWA Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $2.0B+3.6% | $1.9B+2.1% | $1.8B+0.4% | $1.8B+6.3% | $1.7B+3.6% | $1.7B+3.2% | $1.6B-1.0% | $1.6B |
| Current Assets | $1.1B+6.0% | $1.1B+3.6% | $1.0B0.0% | $1.0B+9.7% | $937.8M+5.3% | $890.7M+5.7% | $842.7M-1.8% | $858.4M |
| Cash & Equivalents | $495.3M+17.6% | $421.0M-8.4% | $459.6M+6.5% | $431.5M+16.0% | $372.0M+13.0% | $329.2M-2.7% | $338.2M+9.1% | $309.9M |
| Inventory | $379.8M-1.5% | $385.4M+2.3% | $376.7M+14.6% | $328.7M+3.8% | $316.6M+3.6% | $305.5M-3.9% | $317.8M+5.3% | $301.7M |
| Accounts Receivable | $203.2M-2.6% | $208.6M+52.2% | $137.1M-35.3% | $211.9M+3.2% | $205.4M-4.6% | $215.3M+48.2% | $145.3M-30.4% | $208.9M |
| Goodwill | $92.1M0.0% | $92.1M0.0% | $92.1M+3.3% | $89.2M+1.8% | $87.6M+8.3% | $80.9M-0.7% | $81.5M+1.0% | $80.7M |
| Total Liabilities | $832.9M+2.3% | $814.0M-1.8% | $828.6M-3.3% | $857.2M+7.0% | $801.4M+0.6% | $797.0M+1.5% | $785.1M-4.9% | $825.8M |
| Current Liabilities | $243.8M+4.5% | $233.3M-8.9% | $256.0M-11.8% | $290.3M+19.6% | $242.8M+3.2% | $235.3M+6.8% | $220.3M-14.6% | $258.0M |
| Long-Term Debt | $451.3M+0.1% | $451.0M0.0% | $450.9M+0.1% | $450.4M+0.1% | $449.8M+0.1% | $449.5M+0.2% | $448.7M0.0% | $448.7M |
| Total Equity | $1.1B+4.6% | $1.1B+5.2% | $1.0B+3.7% | $981.7M+5.7% | $929.0M+6.3% | $873.6M+4.7% | $834.1M+3.0% | $810.1M |
| Retained Earnings | -$4.6M+93.6% | -$71.9M+45.1% | -$131.0M+24.8% | -$174.2M+23.2% | -$226.8M+18.8% | -$279.3M+15.5% | -$330.6M+9.6% | -$365.9M |
MWA Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $105.8M+926.6% | -$12.8M-120.9% | $61.2M-26.7% | $83.5M+23.9% | $67.4M+371.3% | $14.3M-73.6% | $54.1M-39.4% | $89.3M |
| Capital Expenditures | $11.7M-20.4% | $14.7M-14.5% | $17.2M+18.6% | $14.5M+23.9% | $11.7M+27.2% | $9.2M-22.7% | $11.9M-38.7% | $19.4M |
| Free Cash Flow | $94.1M+442.2% | -$27.5M-162.5% | $44.0M-36.2% | $69.0M+23.9% | $55.7M+992.2% | $5.1M-87.9% | $42.2M-39.6% | $69.9M |
| Investing Cash Flow | -$10.6M+27.9% | -$14.7M+14.0% | -$17.1M-18.8% | -$14.4M-23.1% | -$11.7M-28.6% | -$9.1M+23.5% | -$11.9M+38.3% | -$19.3M |
| Financing Cash Flow | -$21.0M-92.7% | -$10.9M+44.4% | -$19.6M-76.6% | -$11.1M+45.3% | -$20.3M-47.1% | -$13.8M-5.3% | -$13.1M-147.2% | -$5.3M |
| Dividends Paid | $10.9M-0.9% | $11.0M+0.9% | $10.9M+3.8% | $10.5M+1.0% | $10.4M-1.0% | $10.5M0.0% | $10.5M+5.0% | $10.0M |
| Share Buybacks | $10.0M | $0-100.0% | $5.5M | $0-100.0% | $10.0M+100.0% | $5.0M | $0 | $0 |
MWA Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 39.4%+1.8pp | 37.6%-0.1pp | 37.6%+0.9pp | 36.8%-1.6pp | 38.3%+3.2pp | 35.1%+1.3pp | 33.9%+2.0pp | 31.9% |
| Operating Margin | 20.4%-0.6pp | 20.9%+3.1pp | 17.8%-0.5pp | 18.3%-1.1pp | 19.4%+0.2pp | 19.2%+3.6pp | 15.6%+7.4pp | 8.2% |
| Net Margin | 17.0%+1.6pp | 15.4%+1.8pp | 13.6%-0.2pp | 13.8%0.0pp | 13.8%-0.3pp | 14.1%+2.5pp | 11.6%+8.7pp | 2.9% |
| Return on Equity | 6.0%+0.5pp | 5.5%+1.3pp | 4.2%-1.1pp | 5.4%-0.3pp | 5.7%-0.2pp | 5.9%+1.6pp | 4.2%+3.0pp | 1.2% |
| Return on Assets | 3.5%+0.3pp | 3.1%+0.8pp | 2.3%-0.5pp | 2.9%-0.2pp | 3.0%0.0pp | 3.1%+0.9pp | 2.2%+1.6pp | 0.6% |
| Current Ratio | 4.64+0.1x | 4.57+0.6x | 4.02+0.5x | 3.54-0.3x | 3.86+0.1x | 3.790.0x | 3.83+0.5x | 3.33 |
| Debt-to-Equity | 0.400.0x | 0.420.0x | 0.440.0x | 0.460.0x | 0.480.0x | 0.510.0x | 0.540.0x | 0.55 |
| FCF Margin | 23.8%+30.9pp | -7.1%-21.0pp | 13.8%-4.3pp | 18.1%+3.5pp | 14.6%+13.2pp | 1.4%-12.5pp | 13.9%-6.2pp | 20.1% |
Similar Companies
Where Mueller Water A Ranks
Frequently Asked Questions
What is Mueller Water A's annual revenue?
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.
How fast is Mueller Water A's revenue growing?
Mueller Water A (MWA) revenue grew by 8.7% year-over-year, from $1.3B to $1.4B in fiscal year 2025.
Is Mueller Water A profitable?
Yes, Mueller Water A (MWA) reported a net income of $191.7M in fiscal year 2025, with a net profit margin of 13.4%.
What is Mueller Water A's EBITDA?
Mueller Water A (MWA) had EBITDA of $307.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Mueller Water A have?
As of fiscal year 2025, Mueller Water A (MWA) had $431.5M in cash and equivalents against $450.4M in long-term debt.
What is Mueller Water A's gross margin?
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.
What is Mueller Water A's operating margin?
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.
What is Mueller Water A's net profit margin?
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.
Does Mueller Water A pay dividends?
Yes, Mueller Water A (MWA) paid $0.27 per share in dividends during fiscal year 2025.
What is Mueller Water A's return on equity (ROE)?
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.
What is Mueller Water A's free cash flow?
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.
What is Mueller Water A's operating cash flow?
Mueller Water A (MWA) generated $219.3M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Mueller Water A's total assets?
Mueller Water A (MWA) had $1.8B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Mueller Water A's capital expenditures?
Mueller Water A (MWA) invested $47.3M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Mueller Water A spend on research and development?
Mueller Water A (MWA) invested $19.9M in research and development during fiscal year 2025.
What is Mueller Water A's current ratio?
Mueller Water A (MWA) had a current ratio of 3.54 as of fiscal year 2025, which is generally considered healthy.
What is Mueller Water A's debt-to-equity ratio?
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.
What is Mueller Water A's return on assets (ROA)?
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.
What is Mueller Water A's Altman Z-Score?
Mueller Water A (MWA) has an Altman Z-Score of 4.26, 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 A's Piotroski F-Score?
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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Mueller Water A's earnings high quality?
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.
Can Mueller Water A cover its interest payments?
Mueller Water A (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 A?
Mueller Water A (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.