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Zurn Elkay Water Solutions Corp Financials

ZWS
Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Zurn Elkay Water Solutions Corp (ZWS) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 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 60 / 100
Financial Profile 60/100

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

Profitability
59

Zurn Elkay Water Solutions Corp has an operating margin of 16.4%, meaning the company retains $16 of operating profit per $100 of revenue. This results in a moderate score of 59/100, indicating healthy but not exceptional operating efficiency. This is up from 15.6% the prior year.

Growth
47

Zurn Elkay Water Solutions Corp's revenue grew 8.3% year-over-year to $1.7B, a solid pace of expansion. This earns a growth score of 47/100.

Leverage
96

Zurn Elkay Water Solutions Corp carries a low D/E ratio of 0.31, meaning only $0.31 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 96/100, indicating a strong balance sheet with room for future borrowing.

Liquidity
60

Zurn Elkay Water Solutions Corp's current ratio of 3.13 indicates adequate short-term liquidity, earning a score of 60/100. The company can meet its near-term obligations, though with limited headroom.

Returns
39

Zurn Elkay Water Solutions Corp's ROE of 12.3% shows moderate profitability relative to equity, earning a score of 39/100. This is up from 10.1% the prior year.

Altman Z-Score Safe
4.84

Zurn Elkay Water Solutions Corp scores 4.84, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($7.5B) relative to total liabilities ($1.1B). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Piotroski F-Score Strong
8/9

Zurn Elkay Water Solutions Corp passes 8 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), all 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Cash-Backed
1.75x

For every $1 of reported earnings, Zurn Elkay Water Solutions Corp generates $1.75 in operating cash flow ($346.5M OCF vs $198.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Safe
9.8x

Zurn Elkay Water Solutions Corp earns $9.8 in operating income for every $1 of interest expense ($278.9M vs $28.6M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Earnings & Revenue

Revenue
$1.7B
YoY+8.3%
5Y CAGR+17.8%
10Y CAGR-1.9%

Zurn Elkay Water Solutions Corp generated $1.7B in revenue in fiscal year 2025. This represents an increase of 8.3% from the prior year.

EBITDA
$369.1M
YoY+10.3%
5Y CAGR+15.0%
10Y CAGR+1.6%

Zurn Elkay Water Solutions Corp's EBITDA was $369.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 10.3% from the prior year.

Net Income
$198.0M
YoY+23.6%
5Y CAGR+6.2%
10Y CAGR+9.0%

Zurn Elkay Water Solutions Corp reported $198.0M in net income in fiscal year 2025. This represents an increase of 23.6% from the prior year.

EPS (Diluted)
$1.15
YoY+25.0%
5Y CAGR-0.7%
10Y CAGR+3.7%

Zurn Elkay Water Solutions Corp earned $1.15 per diluted share (EPS) in fiscal year 2025. This represents an increase of 25.0% from the prior year.

Cash & Balance Sheet

Free Cash Flow
N/A
Cash & Debt
$300.5M
YoY+51.8%
5Y CAGR+37.0%
10Y CAGR-2.1%

Zurn Elkay Water Solutions Corp held $300.5M in cash against $495.6M in long-term debt as of fiscal year 2025.

Dividends Per Share
$0.38
YoY+15.2%

Zurn Elkay Water Solutions Corp paid $0.38 per share in dividends in fiscal year 2025. This represents an increase of 15.2% from the prior year.

Shares Outstanding
167M
YoY-1.9%
5Y CAGR+6.9%
10Y CAGR+5.1%

Zurn Elkay Water Solutions Corp had 167M shares outstanding in fiscal year 2025. This represents a decrease of 1.9% from the prior year.

Margins & Returns

Gross Margin
45.1%
YoY-0.0pp
5Y CAGR-0.2pp
10Y CAGR+8.7pp

Zurn Elkay Water Solutions Corp's gross margin was 45.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 0.0 percentage points from the prior year.

Operating Margin
16.4%
YoY+0.8pp
5Y CAGR+2.0pp
10Y CAGR+6.5pp

Zurn Elkay Water Solutions Corp's operating margin was 16.4% in fiscal year 2025, reflecting core business profitability. This is up 0.8 percentage points from the prior year.

Net Margin
11.7%
YoY+1.4pp
5Y CAGR-8.0pp
10Y CAGR+7.6pp

Zurn Elkay Water Solutions Corp's net profit margin was 11.7% in fiscal year 2025, showing the share of revenue converted to profit. This is up 1.4 percentage points from the prior year.

Return on Equity
12.3%
YoY+2.2pp
5Y CAGR+2.2pp
10Y CAGR-2.8pp

Zurn Elkay Water Solutions Corp's ROE was 12.3% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 2.2 percentage points from the prior year.

Capital Allocation

R&D Spending
N/A
Share Buybacks
$159.9M
YoY+6.5%
5Y CAGR+2.7%

Zurn Elkay Water Solutions Corp spent $159.9M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 6.5% from the prior year.

Capital Expenditures
N/A

ZWS Income Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Revenue $407.2M-10.6% $455.4M+2.5% $444.5M+14.3% $388.8M+4.9% $370.7M-9.6% $410.0M-0.5% $412.0M+10.2% $373.8M
Cost of Revenue $226.4M-11.1% $254.7M+5.2% $242.2M+16.6% $207.8M-0.8% $209.5M-5.0% $220.6M-2.3% $225.7M+10.8% $203.7M
Gross Profit $180.8M-9.9% $200.7M-0.8% $202.3M+11.8% $181.0M+12.3% $161.2M-14.9% $189.4M+1.7% $186.3M+9.5% $170.1M
R&D Expenses N/A N/A N/A N/A N/A N/A N/A N/A
SG&A Expenses $101.5M-4.9% $106.7M-1.4% $108.2M+6.9% $101.2M+8.5% $93.3M-8.3% $101.7M+2.8% $98.9M+3.1% $95.9M
Operating Income $60.4M-22.1% $77.5M-0.1% $77.6M+22.4% $63.4M+28.6% $49.3M-29.8% $70.2M-2.4% $71.9M+35.2% $53.2M
Interest Expense $6.5M-8.5% $7.1M-7.8% $7.7M+5.5% $7.3M-2.7% $7.5M-9.6% $8.3M-2.4% $8.5M-3.4% $8.8M
Income Tax $11.5M-41.0% $19.5M+9.6% $17.8M+17.9% $15.1M+164.9% $5.7M-66.3% $16.9M+2.4% $16.5M+83.3% $9.0M
Net Income $42.1M-31.9% $61.8M+22.4% $50.5M+15.8% $43.6M+19.8% $36.4M-16.3% $43.5M-5.4% $46.0M+34.1% $34.3M
EPS (Diluted) N/A $0.36+24.1% $0.29+11.5% $0.26 N/A $0.25-7.4% $0.27+42.1% $0.19

ZWS Balance Sheet

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Total Assets $2.7B-0.2% $2.7B+1.1% $2.7B+1.8% $2.6B-1.5% $2.6B-2.1% $2.7B+0.9% $2.7B+0.6% $2.7B
Current Assets $811.7M+1.4% $800.7M+6.2% $754.0M+8.1% $697.4M-3.4% $722.1M-4.4% $755.1M+4.4% $723.2M+3.8% $696.5M
Cash & Equivalents $300.5M+15.5% $260.1M+28.8% $201.9M+39.5% $144.7M-26.9% $198.0M+5.4% $187.9M+15.5% $162.7M+3.6% $157.1M
Inventory $274.4M+0.4% $273.2M-0.9% $275.8M-1.7% $280.6M+2.9% $272.6M-2.2% $278.6M+0.9% $276.2M-3.6% $286.6M
Accounts Receivable $184.8M-20.4% $232.3M-3.2% $240.1M-1.1% $242.8M+20.1% $202.2M-16.6% $242.4M+1.0% $240.1M+7.7% $222.9M
Goodwill $795.0M+0.1% $794.4M-0.2% $795.6M+0.2% $794.4M0.0% $794.2M-0.3% $796.5M+0.2% $795.1M+0.1% $794.3M
Total Liabilities $1.1B-1.5% $1.1B+0.2% $1.1B+2.8% $1.1B-0.1% $1.1B-5.1% $1.1B+2.9% $1.1B+3.5% $1.1B
Current Liabilities $259.4M-10.0% $288.2M+3.6% $278.3M+14.7% $242.6M-2.1% $247.8M-11.2% $279.2M+9.4% $255.1M+21.1% $210.6M
Long-Term Debt $495.6M0.0% $495.5M+0.1% $495.1M0.0% $495.0M0.0% $494.8M0.0% $494.7M0.0% $494.6M0.0% $494.5M
Total Equity $1.6B+0.7% $1.6B+1.7% $1.6B+1.1% $1.5B-2.4% $1.6B0.0% $1.6B-0.5% $1.6B-1.2% $1.6B
Retained Earnings -$1.1B+1.5% -$1.1B+3.1% -$1.2B+1.5% -$1.2B-2.9% -$1.2B+1.4% -$1.2B-0.6% -$1.2B-1.3% -$1.2B

ZWS Cash Flow Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Operating Cash Flow $91.7M-9.5% $101.3M-8.4% $110.6M+157.8% $42.9M-32.5% $63.6M-30.0% $90.9M+6.8% $85.1M+57.9% $53.9M
Capital Expenditures N/A N/A N/A N/A N/A N/A N/A N/A
Free Cash Flow N/A N/A N/A N/A N/A N/A N/A N/A
Investing Cash Flow -$9.2M-24.3% -$7.4M+17.8% -$9.0M-109.3% -$4.3M+52.7% -$9.1M-122.0% -$4.1M+16.3% -$4.9M-133.3% -$2.1M
Financing Cash Flow -$43.2M-22.0% -$35.4M+24.0% -$46.6M+49.4% -$92.1M-120.9% -$41.7M+32.3% -$61.6M+16.0% -$73.3M-137.2% -$30.9M
Dividends Paid $18.5M+22.5% $15.1M0.0% $15.1M-0.7% $15.2M-0.7% $15.3M+12.5% $13.6M-1.4% $13.8M-0.7% $13.9M
Share Buybacks $25.0M0.0% $25.0M-23.1% $32.5M-58.0% $77.4M+281.3% $20.3M-59.4% $50.0M-18.0% $61.0M+222.8% $18.9M

ZWS Financial Ratios

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Gross Margin 44.4%+0.3pp 44.1%-1.4pp 45.5%-1.0pp 46.6%+3.1pp 43.5%-2.7pp 46.2%+1.0pp 45.2%-0.3pp 45.5%
Operating Margin 14.8%-2.2pp 17.0%-0.4pp 17.5%+1.2pp 16.3%+3.0pp 13.3%-3.8pp 17.1%-0.3pp 17.4%+3.2pp 14.2%
Net Margin 10.3%-3.2pp 13.6%+2.2pp 11.4%+0.2pp 11.2%+1.4pp 9.8%-0.8pp 10.6%-0.6pp 11.2%+2.0pp 9.2%
Return on Equity 2.6%-1.3pp 3.9%+0.6pp 3.2%+0.4pp 2.8%+0.5pp 2.3%-0.5pp 2.7%-0.1pp 2.9%+0.8pp 2.1%
Return on Assets 1.6%-0.7pp 2.3%+0.4pp 1.9%+0.2pp 1.7%+0.3pp 1.4%-0.2pp 1.6%-0.1pp 1.7%+0.4pp 1.3%
Current Ratio 3.13+0.4 2.78+0.1 2.71-0.2 2.87-0.0 2.91+0.2 2.70-0.1 2.83-0.5 3.31
Debt-to-Equity 0.310.0 0.310.0 0.320.0 0.320.0 0.310.0 0.310.0 0.310.0 0.31
FCF Margin N/A N/A N/A N/A N/A N/A N/A N/A

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Frequently Asked Questions

Zurn Elkay Water Solutions Corp (ZWS) reported $1.7B in total revenue for fiscal year 2025. This represents a 8.3% 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.

Zurn Elkay Water Solutions Corp (ZWS) revenue grew by 8.3% year-over-year, from $1.6B to $1.7B in fiscal year 2025.

Yes, Zurn Elkay Water Solutions Corp (ZWS) reported a net income of $198.0M in fiscal year 2025, with a net profit margin of 11.7%.

Zurn Elkay Water Solutions Corp (ZWS) reported diluted earnings per share of $1.15 for fiscal year 2025. This represents a 25.0% 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.

Zurn Elkay Water Solutions Corp (ZWS) had EBITDA of $369.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

As of fiscal year 2025, Zurn Elkay Water Solutions Corp (ZWS) had $300.5M in cash and equivalents against $495.6M in long-term debt.

Zurn Elkay Water Solutions Corp (ZWS) had a gross margin of 45.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

Zurn Elkay Water Solutions Corp (ZWS) had an operating margin of 16.4% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

Zurn Elkay Water Solutions Corp (ZWS) had a net profit margin of 11.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Yes, Zurn Elkay Water Solutions Corp (ZWS) paid $0.38 per share in dividends during fiscal year 2025.

Zurn Elkay Water Solutions Corp (ZWS) has a return on equity of 12.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Zurn Elkay Water Solutions Corp (ZWS) generated $346.5M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Zurn Elkay Water Solutions Corp (ZWS) had $2.7B in total assets as of fiscal year 2025, including both current and long-term assets.

Yes, Zurn Elkay Water Solutions Corp (ZWS) spent $159.9M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Zurn Elkay Water Solutions Corp (ZWS) had 167M shares outstanding as of fiscal year 2025.

Zurn Elkay Water Solutions Corp (ZWS) had a current ratio of 3.13 as of fiscal year 2025, which is generally considered healthy.

Zurn Elkay Water Solutions Corp (ZWS) had a debt-to-equity ratio of 0.31 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Zurn Elkay Water Solutions Corp (ZWS) had a return on assets of 7.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Zurn Elkay Water Solutions Corp (ZWS) has an Altman Z-Score of 4.84, 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.

Zurn Elkay Water Solutions Corp (ZWS) has a Piotroski F-Score of 8 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.

Zurn Elkay Water Solutions Corp (ZWS) has an earnings quality ratio of 1.75x, 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.

Zurn Elkay Water Solutions Corp (ZWS) has an interest coverage ratio of 9.8x, 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.

Zurn Elkay Water Solutions Corp (ZWS) scores 60 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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