What is Zurn Elkay Water Solutions Corporation's earnings per share (EPS)?

Zurn Elkay Water Solutions Corporation (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 Corporation (ZWS) Financials

ZWS

Trailing 12 months to March 31, 2026

Revenue $1.7B +10.0% YoY

Net Income $213.3M +25.8% YoY

EPS (Diluted) $1.24 +25.3% YoY

Operating Cash Flow $349.7M +23.8% YoY

Market Cap $7.8B as of Oct 14, 2026

Price / Sales 4.5x on $1.7B revenue, trailing 12 months to March 31, 2026

Price / Earnings 36.7x on $213.3M net income, trailing 12 months to March 31, 2026

Price / Book 4.9x on $1.6B equity, Q1 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 14, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q1 FY2026, ended Mar 31, 2026 Reported Apr 21, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q1 FY2026, filed Apr 21, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the ZWS SEC filings page.

Zurn Elkay Water Solutions Corporation (ZWS) reported $1.7B in revenue over the twelve months to Mar 31, 2026, up 10.0% 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 ZWS FY2025 2026-10-03

Zurn Elkay is turning modest sales growth into wider margins and stronger cash generation without materially expanding its asset base.

Operating cash flow rose from $253.9M in FY2023 to $346.5M in FY2025, exceeding net income in both years. That combination indicates earnings are converting into operating cash, not merely accumulating through noncash accounting gains.

Revenue grew 10.2% from FY2023 to FY2025, while operating margin expanded from 12.5% to 16.5%. Gross margin also rose from 42.4% to 45.1%, so the improvement began in the economics of the products or revenue mix before overhead was considered.

Assets stayed near $2.7B across FY2023-FY2025 even as revenue increased 10.2%, pointing to better asset utilization rather than balance-sheet expansion. Debt-to-equity remained near 0.3x while the current ratio reached 3.1x, describing a lightly debt-funded structure with substantial reported current-asset coverage.

Financial Health Signals

Financial Health Score 56/100

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 Zurn Elkay Water Solutions Corporation'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

Zurn Elkay Water Solutions Corporation has an operating margin of 16.4%, meaning the company retains $16 of operating profit per $100 of revenue. This strong profitability earns a score of 78/100, reflecting efficient cost management and pricing power. This is up from 15.6% the prior year.

Growth

Zurn Elkay Water Solutions Corporation's revenue grew 8.3% year-over-year to $1.7B, a solid pace of expansion. This earns a growth score of 51/100.

Leverage

Zurn Elkay Water Solutions Corporation has a moderate D/E ratio of 0.31. This balance of debt and equity financing earns a leverage score of 60/100.

Liquidity

With a current ratio of 3.13, Zurn Elkay Water Solutions Corporation holds $3.13 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 80/100.

Cash Flow

Not available for Zurn Elkay Water Solutions Corporation, and counted as zero in the overall score.

Returns

Zurn Elkay Water Solutions Corporation earns a strong 12.3% return on equity (ROE), meaning it generates $12 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 68/100. This is up from 10.1% the prior year.

Altman Z-Score Safe

5.00

Zurn Elkay Water Solutions Corporation scores 5.00, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($7.8B) relative to total liabilities ($1.1B). 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

8/9

Zurn Elkay Water Solutions Corporation 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 Corporation 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

9.75x

Zurn Elkay Water Solutions Corporation earns $9.75 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

$433.0M

YoY+11.4%

QoQ+6.3%

5Y CAGR+16.1%

10Y CAGR-1.3%

Zurn Elkay Water Solutions Corporation generated $433.0M in revenue in Q1 2026. This represents an increase of 11.4% from the same quarter a year earlier. Against the prior quarter it is up 6.3%.

EBITDA

$103.1M

YoY+19.7%

QoQ+22.7%

Zurn Elkay Water Solutions Corporation's EBITDA was $103.1M in Q1 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 19.7% from the same quarter a year earlier. Against the prior quarter it is up 22.7%.

Net Income

$58.9M

YoY+35.1%

QoQ+39.9%

5Y CAGR+3.3%

Zurn Elkay Water Solutions Corporation reported $58.9M in net income in Q1 2026. This represents an increase of 35.1% from the same quarter a year earlier. Against the prior quarter it is up 39.9%.

EPS (Diluted)

$0.35

YoY+34.6%

QoQ+45.8%

5Y CAGR-2.6%

Zurn Elkay Water Solutions Corporation earned $0.35 per diluted share (EPS) in Q1 2026. This represents an increase of 34.6% from the same quarter a year earlier. Against the prior quarter it is up 45.8%.

Cash & Balance Sheet

Cash & Debt

$273.5M

YoY+89.0%

QoQ-9.0%

5Y CAGR-2.3%

10Y CAGR-5.6%

Zurn Elkay Water Solutions Corporation held $273.5M in cash against $497.6M in long-term debt as of Q1 2026.

Dividends Per Share

$0.11

YoY+22.2%

Zurn Elkay Water Solutions Corporation paid $0.11 per share in dividends in Q1 2026. This represents an increase of 22.2% from the same quarter a year earlier.

Shares Outstanding

167M

YoY-0.8%

QoQ0.0%

5Y CAGR+6.9%

10Y CAGR+5.1%

Zurn Elkay Water Solutions Corporation had 167M shares outstanding in Q1 2026. This represents a decrease of 0.8% from the same quarter a year earlier. It is unchanged from the prior quarter.

Free Cash Flow

Not reported for Q1 2026.

Margins & Returns

Gross Margin

47.5%

YoY+1.0pp

QoQ+3.1pp

5Y change+4.4pp

10Y change+13.5pp

Zurn Elkay Water Solutions Corporation's gross margin was 47.5% in Q1 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 3.1 percentage points.

Operating Margin

19.0%

YoY+2.6pp

QoQ+4.1pp

Zurn Elkay Water Solutions Corporation's operating margin was 19.0% in Q1 2026, reflecting core business profitability. This is up 2.6 percentage points from the same quarter a year earlier. Against the prior quarter it is up 4.1 percentage points.

Net Margin

13.6%

YoY+2.4pp

QoQ+3.3pp

5Y change-10.8pp

10Y change+13.7pp

Zurn Elkay Water Solutions Corporation's net profit margin was 13.6% in Q1 2026, showing the share of revenue converted to profit. This is up 2.4 percentage points from the same quarter a year earlier. Against the prior quarter it is up 3.3 percentage points.

Return on Equity

3.7%

YoY+0.9pp

QoQ+1.0pp

5Y change+0.3pp

10Y change+3.7pp

Zurn Elkay Water Solutions Corporation's ROE was 3.7% in Q1 2026, measuring profit generated per dollar of shareholder equity. This is up 0.9 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.0 percentage points.

Capital Allocation

Share Buybacks

$50.0M

YoY-35.4%

QoQ+100.0%

5Y CAGR+123.3%

Zurn Elkay Water Solutions Corporation spent $50.0M on share buybacks in Q1 2026, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 35.4% from the same quarter a year earlier. Against the prior quarter it is up 100.0%.

R&D Spending

Not reported for Q1 2026.

Capital Expenditures

Not reported for Q1 2026.

ZWS 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.

ZWS quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K
Revenue	$1.7B	$1.7B+8.3%	$1.6B+2.4%	$1.5B+19.4%	$1.3B+40.7%	$910.9M+22.1%	$746.1M+5.1%	$710.1M	$2.1B+10.8%	$1.9B+8.1%	$1.7B-11.0%	$1.9B-6.2%	$2.1B+0.8%	$2.0B+4.7%	$1.9B0.0%	$1.9B
Cost of Revenue	$950.5M	$931.1M+8.3%	$859.5M-2.6%	$882.4M+8.1%	$816.3M+51.8%	$537.7M+31.8%	$407.9M+5.3%	$387.5M	$1.3B+10.6%	$1.1B+5.4%	$1.1B-13.7%	$1.3B-3.5%	$1.3B+1.8%	$1.3B+4.4%	$1.2B-2.2%	$1.3B
Gross Profit	$789.6M	$764.8M+8.2%	$707.0M+9.1%	$648.1M+39.2%	$465.5M+24.7%	$373.2M+10.3%	$338.2M+4.8%	$322.6M	$784.8M+11.1%	$706.5M+12.8%	$626.4M-5.8%	$665.2M-10.9%	$746.2M-1.0%	$753.4M+5.1%	$716.6M+3.8%	$690.1M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$16.2M	$16.3M+22.6%	$13.3M+27.9%	$10.4M-16.1%	$12.4M-3.1%	$12.8M-1.5%	$13.0M-5.1%	$13.7M-11.0%	$15.4M
SG&A Expenses	$424.6M	$417.6M+7.1%	$389.8M+5.0%	$371.3M+20.2%	$309.0M+29.3%	$239.0M+16.0%	$206.1M+4.9%	$196.4M	$433.1M+10.0%	$393.8M+10.6%	$356.1M-7.7%	$385.7M-7.1%	$415.1M-1.0%	$419.1M+5.2%	$398.4M+2.9%	$387.1M
Operating Income	$297.6M	$278.9M+14.0%	$244.6M+27.8%	$191.4M+78.7%	$107.1M+0.1%	$107.0M-0.6%	$107.7M+3.5%	$104.1M	$305.6M+14.7%	$266.4M+31.1%	$203.2M+16.6%	$174.3M-14.4%	$203.7M-25.2%	$272.4M+12.1%	$242.9M-1.0%	$245.3M
EBITDA	N/A	$369.1M+10.3%	$334.5M+19.0%	$281.0M+73.7%	$161.8M-7.4%	$174.7M-4.7%	$183.3M-3.9%	$190.7M	$393.5M+13.7%	$346.1M+15.6%	$299.3M+3.3%	$289.7M-8.3%	$315.9M-16.7%	$379.3M+7.2%	$353.8M-1.5%	$359.3M
Interest Expense	$27.5M	$28.6M-13.6%	$33.1M-14.0%	$38.5M+43.1%	$26.9M-22.5%	$34.7M-24.4%	$45.9M-18.9%	$56.6M	$69.9M-6.9%	$75.1M-14.9%	$88.3M-3.4%	$91.4M+4.0%	$87.9M-19.4%	$109.1M-28.8%	$153.3M-13.0%	$176.2M
Income Tax	$66.8M	$63.9M+32.8%	$48.1M+12.9%	$42.6M+59.0%	$26.8M+892.6%	$2.7M-71.6%	$9.5M+115.9%	$4.4M	$53.4M+373.8%	-$19.5M-225.0%	$15.6M-8.8%	$17.1M+1.8%	$16.8M+268.0%	-$10.0M-164.9%	$15.4M+63.8%	$9.4M
Net Income	$213.3M	$198.0M+23.6%	$160.2M+42.1%	$112.7M+82.7%	$61.7M-49.0%	$120.9M-17.6%	$146.7M-18.5%	$180.1M	$34.3M-54.8%	$75.9M+2.4%	$74.1M+9.1%	$67.9M-19.0%	$83.8M+177.5%	$30.2M-39.7%	$50.1M+67.6%	$29.9M
EPS (Basic)	N/A	$1.17+25.8%	$0.93+43.1%	$0.65+58.5%	$0.41-59.0%	$1.00-17.4%	$1.21-18.2%	$1.48	$0.11-78.4%	$0.51-21.5%	$0.65-3.0%	$0.67-18.3%	$0.82+164.5%	$0.31-40.4%	$0.52+15.6%	$0.45
EPS (Diluted)	$1.24	$1.15+25.0%	$0.92+43.8%	$0.64+60.0%	$0.40-58.8%	$0.97-18.5%	$1.19-17.9%	$1.45	$0.28-54.8%	$0.62-3.1%	$0.64-3.0%	$0.66-17.5%	$0.80+166.7%	$0.30-40.0%	$0.50+19.0%	$0.42
Diluted Shares (Avg)	N/A	171M-1.9%	175M-1.5%	177M+15.2%	154M+23.0%	125M+1.3%	123M+8.0%	114M	123M+1.1%	122M+16.4%	105M+1.4%	103M-1.4%	105M+3.4%	101M+1.5%	100M+38.6%	72M

Metric	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'2410-Q
Revenue	$433.0M+11.4%	$407.2M+9.8%	$455.4M+11.1%	$444.5M+7.9%	$388.8M+4.0%	$370.7M+3.9%	$410.0M+2.9%	$412.0M+2.2%
Cost of Revenue	$227.2M+9.3%	$226.4M+8.1%	$254.7M+15.5%	$242.2M+7.3%	$207.8M+2.0%	$209.5M+4.3%	$220.6M-3.5%	$225.7M-1.7%
Gross Profit	$205.8M+13.7%	$180.8M+12.2%	$200.7M+6.0%	$202.3M+8.6%	$181.0M+6.4%	$161.2M+3.4%	$189.4M+11.5%	$186.3M+7.4%
SG&A Expenses	$108.2M+6.9%	$101.5M+8.8%	$106.7M+4.9%	$108.2M+9.4%	$101.2M+5.5%	$93.3M-0.3%	$101.7M+9.5%	$98.9M+2.7%
Operating Income	$82.1M+29.5%	$60.4M+22.5%	$77.5M+10.4%	$77.6M+7.9%	$63.4M+19.2%	$49.3M+50.3%	$70.2M+16.8%	$71.9M+31.2%
EBITDA	$103.1M+19.7%	$84.0M+13.5%	$99.3M+7.8%	$99.7M+6.5%	$86.1M+15.1%	$74.0M+31.9%	$92.1M+12.6%	$93.6M+22.2%
Interest Expense	$6.2M-15.1%	$6.5M-13.3%	$7.1M-14.5%	$7.7M-9.4%	$7.3M-17.0%	$7.5M-13.8%	$8.3M-16.2%	$8.5M-17.5%
Income Tax	$18.0M+19.2%	$11.5M+101.8%	$19.5M+15.4%	$17.8M+7.9%	$15.1M+67.8%	$5.7M-26.9%	$16.9M+35.2%	$16.5M+25.0%
Net Income	$58.9M+35.1%	$42.1M+15.7%	$61.8M+42.1%	$50.5M+9.8%	$43.6M+27.1%	$36.4M+161.9%	$43.5M+5.1%	$46.0M+32.9%
EPS (Basic)	$0.35+34.6%	$0.25+19.0%	$0.36+44.0%	$0.30+11.1%	$0.26+30.0%	$0.21+162.5%	$0.25+4.2%	$0.27+35.0%
EPS (Diluted)	$0.35+34.6%	$0.24+14.3%	$0.36+44.0%	$0.29+7.4%	$0.26+36.8%	$0.21+162.5%	$0.25+4.2%	$0.27+35.0%
Diluted Shares (Avg)	170M-1.5%	N/A	170M-1.6%	170M-2.8%	172M-2.0%	N/A	173M-1.8%	175M-0.8%

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

ZWS Balance Sheet

ZWS quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K
Total Assets	$2.7B+1.2%	$2.6B-0.7%	$2.7B-6.9%	$2.9B+165.8%	$1.1B-68.3%	$3.4B+4.3%	$3.3B	$3.3B-4.8%	$3.4B-3.3%	$3.5B+5.5%	$3.4B-1.6%	$3.4B+1.1%	$3.4B-3.0%	$3.5B+5.6%	$3.3B
Current Assets	$811.7M+12.4%	$722.1M+8.1%	$667.8M-11.8%	$757.5M+59.5%	$474.8M-47.7%	$907.7M-6.3%	$968.6M	$982.9M-1.5%	$997.7M-15.3%	$1.2B+0.2%	$1.2B+4.3%	$1.1B-1.0%	$1.1B-8.7%	$1.2B+22.5%	$1.0B
Cash & Equivalents	$300.5M+51.8%	$198.0M+44.8%	$136.7M+9.5%	$124.8M+29.2%	$96.6M+55.1%	$62.3M-77.5%	$277.0M	$292.5M+51.4%	$193.2M-60.6%	$490.1M+1.1%	$484.6M+30.9%	$370.3M+9.2%	$339.0M-35.3%	$524.1M+75.9%	$298.0M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$274.4M+0.7%	$272.6M-1.8%	$277.6M-24.3%	$366.7M+98.8%	$184.5M+35.6%	$136.1M-61.0%	$349.3M	$316.5M+4.1%	$304.1M-3.4%	$314.9M-3.8%	$327.2M-11.0%	$367.7M+2.2%	$359.7M+10.3%	$326.2M+1.8%	$320.3M
Accounts Receivable	$184.8M-8.6%	$202.2M-3.8%	$210.2M-4.3%	$219.7M+52.5%	$144.1M+39.1%	$103.6M-63.4%	$283.1M	$334.3M+6.2%	$314.7M-2.5%	$322.9M+1.7%	$317.6M-5.5%	$336.0M-8.8%	$368.3M+5.1%	$350.4M+3.7%	$337.9M
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$795.0M+0.1%	$794.2M-0.2%	$796.0M+2.4%	$777.0M+205.8%	$254.1M+3.8%	$244.8M-81.3%	$1.3B	$1.3B+1.8%	$1.3B+4.9%	$1.2B+1.9%	$1.2B-0.7%	$1.2B+4.5%	$1.2B+2.9%	$1.1B+0.3%	$1.1B
Total Liabilities	$1.1B+1.4%	$1.1B-0.2%	$1.1B-14.8%	$1.2B+31.3%	$951.3M-51.5%	$2.0B+3.6%	$1.9B	$2.0B-8.2%	$2.2B-10.4%	$2.5B-10.8%	$2.8B-3.1%	$2.9B+1.2%	$2.8B-7.4%	$3.0B-9.7%	$3.4B
Current Liabilities	$259.4M+4.7%	$247.8M+12.2%	$220.9M-23.6%	$289.3M+20.3%	$240.4M-24.3%	$317.5M-8.6%	$347.3M	$397.0M-12.6%	$454.2M+13.5%	$400.3M-1.0%	$404.4M-6.6%	$433.0M-3.7%	$449.5M-26.1%	$608.2M+29.8%	$468.6M
Non-Current Liabilities	$816.7M+0.3%	$813.9M-3.5%	$843.3M-12.1%	$959.7M+35.0%	$710.9M-56.8%	$1.6B+6.4%	$1.5B	$1.6B-7.1%	$1.8B-15.1%	$2.1B-12.4%	$2.4B-2.5%	$2.4B+2.2%	$2.4B-2.7%	$2.4B-16.1%	$2.9B
Long-Term Debt	$495.6M+0.2%	$494.8M+0.1%	$494.4M-6.8%	$530.2M-0.7%	$533.9M-52.2%	$1.1B-2.5%	$1.1B	$1.2B-8.5%	$1.4B-15.8%	$1.6B-15.5%	$1.9B-0.8%	$1.9B-1.4%	$1.9B-1.0%	$2.0B-18.7%	$2.4B
Total Equity	$1.6B+1.0%	$1.6B-1.0%	$1.6B-0.8%	$1.6B+1177.7%	$126.4M-91.2%	$1.4B+5.4%	$1.4B	$1.2B+1.3%	$1.2B+13.3%	$1.1B+81.9%	$588.6M+6.5%	$552.9M-1.7%	$562.3M+31.2%	$428.5M+636.3%	-$79.9M
Retained Earnings	-$1.1B+3.2%	-$1.2B+0.8%	-$1.2B-1.1%	-$1.2B+5.8%	-$1.2B-1166.3%	$116.0M-21.6%	$147.9M	$30.7M+283.8%	$8.0M+114.4%	-$55.5M+57.2%	-$129.6M+34.4%	-$197.5M+29.8%	-$281.3M+9.7%	-$311.5M+13.9%	-$361.6M

Metric	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'2410-Q
Total Assets	$2.7B+2.9%	$2.7B+1.2%	$2.7B-0.8%	$2.7B-1.0%	$2.6B-2.1%	$2.6B-0.7%	$2.7B-3.8%	$2.7B-4.3%
Current Assets	$836.5M+19.9%	$811.7M+12.4%	$800.7M+6.0%	$754.0M+4.3%	$697.4M+0.1%	$722.1M+8.1%	$755.1M+4.7%	$723.2M+5.0%
Cash & Equivalents	$273.5M+89.0%	$300.5M+51.8%	$260.1M+38.4%	$201.9M+24.1%	$144.7M-7.9%	$198.0M+44.8%	$187.9M+8.5%	$162.7M+58.0%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$292.3M+4.2%	$274.4M+0.7%	$273.2M-1.9%	$275.8M-0.1%	$280.6M-2.1%	$272.6M-1.8%	$278.6M-2.0%	$276.2M-12.0%
Accounts Receivable	$242.7M0.0%	$184.8M-8.6%	$232.3M-4.2%	$240.1M0.0%	$242.8M+8.9%	$202.2M-3.8%	$242.4M+3.6%	$240.1M-1.0%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$794.4M0.0%	$795.0M+0.1%	$794.4M-0.3%	$795.6M+0.1%	$794.4M0.0%	$794.2M-0.2%	$796.5M+0.2%	$795.1M-0.1%
Total Liabilities	$1.1B+1.6%	$1.1B+1.4%	$1.1B-2.3%	$1.1B+0.3%	$1.1B+1.0%	$1.1B-0.2%	$1.1B-6.9%	$1.1B-10.4%
Current Liabilities	$258.5M+6.6%	$259.4M+4.7%	$288.2M+3.2%	$278.3M+9.1%	$242.6M+15.2%	$247.8M+12.2%	$279.2M+21.5%	$255.1M+10.2%
Non-Current Liabilities	$819.1M+0.2%	$816.7M+0.3%	$804.3M-4.1%	$811.6M-2.5%	$817.7M-2.6%	$813.9M-3.5%	$839.1M-13.6%	$832.0M-15.3%
Long-Term Debt	$497.6M+0.5%	$495.6M+0.2%	$495.5M+0.2%	$495.1M+0.1%	$495.0M+0.1%	$494.8M+0.1%	$494.7M-9.7%	$494.6M-9.9%
Total Equity	$1.6B+3.8%	$1.6B+1.0%	$1.6B+0.3%	$1.6B-1.9%	$1.5B-4.1%	$1.6B-1.0%	$1.6B-1.6%	$1.6B+0.4%
Retained Earnings	-$1.1B+6.7%	-$1.1B+3.2%	-$1.1B+3.1%	-$1.2B-0.6%	-$1.2B-3.5%	-$1.2B+0.8%	-$1.2B-1.6%	-$1.2B+1.4%

ZWS Cash Flow Statement

ZWS quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K
Operating Cash Flow	$349.7M	$346.5M+18.1%	$293.5M+15.6%	$253.9M+161.8%	$97.0M-56.6%	$223.6M-30.2%	$320.2M+7.2%	$298.6M	$258.1M+13.0%	$228.5M+17.1%	$195.1M-10.9%	$219.0M-10.9%	$245.9M+28.9%	$190.8M+32.0%	$144.5M+3.7%	$139.3M
Depreciation & Amortization	N/A	$90.2M+0.3%	$89.9M+0.3%	$89.6M+63.8%	$54.7M-19.2%	$67.7M-10.4%	$75.6M-12.7%	$86.6M	$87.9M+10.3%	$79.7M-17.1%	$96.1M-16.7%	$115.4M+2.9%	$112.2M+5.0%	$106.9M-3.6%	$110.9M-2.7%	$114.0M
Stock-Based Compensation	N/A	$40.6M+7.1%	$37.9M-5.3%	$40.0M+60.0%	$25.0M-51.4%	$51.4M+14.7%	$44.8M+66.5%	$26.9M	$22.6M+10.2%	$20.5M+53.0%	$13.4M+78.7%	$7.5M+17.2%	$6.4M-8.6%	$7.0M-1.4%	$7.1M+91.9%	$3.7M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$41.4M	$42.5M+11.8%	$38.0M-25.2%	$50.8M-2.5%	$52.1M+6.8%	$48.8M-6.5%	$52.2M-13.1%	$60.1M+2.7%	$58.5M
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$257.2M	$215.6M+13.2%	$190.5M+32.0%	$144.3M-13.5%	$166.9M-15.3%	$197.1M+42.2%	$138.6M+64.2%	$84.4M+4.5%	$80.8M
Investing Cash Flow	-$29.0M	-$29.9M-48.0%	-$20.2M-339.1%	-$4.6M+30.3%	-$6.6M+69.9%	-$21.9M+88.9%	-$196.6M-59.7%	-$123.1M	-$53.3M+74.5%	-$208.8M+20.9%	-$264.0M-484.1%	-$45.2M+74.5%	-$177.3M-8.2%	-$163.8M-100.2%	-$81.8M+74.8%	-$324.2M
Financing Cash Flow	-$194.4M	-$217.3M-4.7%	-$207.5M+13.3%	-$239.2M-291.5%	-$61.1M+82.8%	-$356.2M-128.0%	-$156.2M-235.9%	$114.9M	-$116.7M+62.2%	-$308.8M-486.5%	$79.9M+241.9%	-$56.3M-223.6%	-$17.4M+91.7%	-$210.3M-226.9%	$165.7M+77.8%	$93.2M
Dividends Paid	$67.1M	$63.9M+12.9%	$56.6M+12.3%	$50.4M+55.1%	$32.5M-10.7%	$36.4M-5.7%	$38.6M+293.9%	$9.8M	$0	$0	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$132.5M	$159.9M+6.5%	$150.2M+20.1%	$125.1M+406.5%	$24.7M+2644.4%	$900K-99.4%	$140.0M+39.0%	$100.7M	$0	$0	$0-100.0%	$40.0M	$0	$0	$0	$0

Metric	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'2410-Q
Operating Cash Flow	$46.1M+7.5%	$91.7M+44.2%	$101.3M+11.4%	$110.6M+30.0%	$42.9M-20.4%	$63.6M+9.3%	$90.9M-12.2%	$85.1M-2.4%
Depreciation & Amortization	$21.0M-7.5%	$22.1M-4.3%	$21.8M-0.5%	$22.1M+1.8%	$22.7M+5.1%	$23.1M+6.9%	$21.9M+0.9%	$21.7M-0.5%
Stock-Based Compensation	$11.7M+11.4%	N/A	$9.6M-2.0%	$9.0M-4.3%	$10.5M+5.0%	N/A	$9.8M-2.0%	$9.4M-7.8%
Investing Cash Flow	-$3.4M+20.9%	-$9.2M-1.1%	-$7.4M-80.5%	-$9.0M-83.7%	-$4.3M-104.8%	-$9.1M-555.0%	-$4.1M+14.6%	-$4.9M-244.1%
Financing Cash Flow	-$69.2M+24.9%	-$43.2M-3.6%	-$35.4M+42.5%	-$46.6M+36.4%	-$92.1M-198.1%	-$41.7M+57.3%	-$61.6M-120.0%	-$73.3M-16.0%
Dividends Paid	$18.4M+21.1%	$18.5M+20.9%	$15.1M+11.0%	$15.1M+9.4%	$15.2M+9.4%	$15.3M+10.9%	$13.6M+12.4%	$13.8M+13.1%
Share Buybacks	$50.0M-35.4%	$25.0M+23.2%	$25.0M-50.0%	$32.5M-46.7%	$77.4M+309.5%	$20.3M-18.5%	$50.0M+281.7%	$61.0M+21.8%

Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow.

ZWS 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.

ZWS quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K
Gross Margin	45.1%0.0pp	45.1%+2.8pp	42.4%+6.0pp	36.3%-4.6pp	41.0%-4.4pp	45.3%-0.1pp	45.4%	38.3%+0.1pp	38.2%+1.6pp	36.6%+2.0pp	34.6%-1.8pp	36.4%-0.6pp	37.0%+0.2pp	36.9%+1.4pp	35.5%
Operating Margin	16.4%+0.8pp	15.6%+3.1pp	12.5%+4.1pp	8.4%-3.4pp	11.8%-2.7pp	14.4%-0.2pp	14.7%	14.9%+0.5pp	14.4%+2.5pp	11.9%+2.8pp	9.1%-0.9pp	9.9%-3.4pp	13.4%+0.9pp	12.5%-0.1pp	12.6%
Net Margin	11.7%+1.4pp	10.2%+2.9pp	7.4%+2.6pp	4.8%-8.5pp	13.3%-6.4pp	19.7%-5.7pp	25.4%	1.7%-2.4pp	4.1%-0.2pp	4.3%+0.8pp	3.5%-0.6pp	4.1%+2.6pp	1.5%-1.1pp	2.6%+1.0pp	1.5%
Return on Equity	12.3%+2.2pp	10.1%+3.1pp	7.0%+3.2pp	3.8%-91.8pp	95.7%+85.5pp	10.2%-3.0pp	13.2%	2.8%-3.5pp	6.3%-0.7pp	6.9%-4.6pp	11.5%-3.6pp	15.2%+9.8pp	5.4%-6.3pp	11.7%	N/A
Return on Assets	7.4%+1.3pp	6.0%+1.8pp	4.2%+2.1pp	2.1%-9.1pp	11.2%+6.9pp	4.3%-1.2pp	5.5%	1.1%-1.2pp	2.2%+0.1pp	2.1%+0.1pp	2.0%-0.4pp	2.5%+1.6pp	0.9%-0.5pp	1.4%+0.5pp	0.9%
Current Ratio	3.13+0.2x	2.91-0.1x	3.02+0.4x	2.62+0.6x	1.98-0.9x	2.86+0.1x	2.79	2.48+0.3x	2.20-0.7x	2.940.0x	2.91+0.3x	2.60+0.1x	2.53+0.5x	2.05-0.1x	2.17
Debt-to-Equity	0.310.0x	0.310.0x	0.310.0x	0.33-3.9x	4.22+3.4x	0.78-0.1x	0.84	1.01-0.1x	1.11-0.4x	1.50-1.7x	3.23-0.2x	3.460.0x	3.46-1.1x	4.58	N/A
Asset Turnover	0.630.0x	0.590.0x	0.57+0.1x	0.45-0.4x	0.85+0.6x	0.220.0x	0.22	0.63+0.1x	0.54+0.1x	0.48-0.1x	0.570.0x	0.600.0x	0.600.0x	0.560.0x	0.59
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	36.2%	10.5%+0.2pp	10.3%+1.9pp	8.4%-0.3pp	8.7%-0.9pp	9.6%+2.8pp	6.8%+2.5pp	4.3%+0.2pp	4.2%

Metric	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'2410-Q
Gross Margin	47.5%+1.0pp	44.4%+0.9pp	44.1%-2.1pp	45.5%+0.3pp	46.6%+1.0pp	43.5%-0.2pp	46.2%+3.6pp	45.2%+2.2pp
Operating Margin	19.0%+2.6pp	14.8%+1.5pp	17.0%-0.1pp	17.5%0.0pp	16.3%+2.1pp	13.3%+4.1pp	17.1%+2.0pp	17.4%+3.9pp
Net Margin	13.6%+2.4pp	10.3%+0.5pp	13.6%+3.0pp	11.4%+0.2pp	11.2%+2.0pp	9.8%+5.9pp	10.6%+0.2pp	11.2%+2.6pp
Return on Equity	3.7%+0.9pp	2.6%+0.3pp	3.9%+1.1pp	3.2%+0.3pp	2.8%+0.7pp	2.3%+1.4pp	2.7%+0.2pp	2.9%+0.7pp
Return on Assets	2.2%+0.5pp	1.6%+0.2pp	2.3%+0.7pp	1.9%+0.2pp	1.7%+0.4pp	1.4%+0.9pp	1.6%+0.1pp	1.7%+0.5pp
Current Ratio	3.24+0.4x	3.13+0.2x	2.78+0.1x	2.71-0.1x	2.87-0.4x	2.91-0.1x	2.70-0.4x	2.83-0.1x
Debt-to-Equity	0.310.0x	0.310.0x	0.310.0x	0.320.0x	0.320.0x	0.310.0x	0.310.0x	0.310.0x
Asset Turnover	0.160.0x	0.150.0x	0.170.0x	0.170.0x	0.150.0x	0.140.0x	0.150.0x	0.150.0x

Not reported in any period shown, so not listed: FCF Margin.

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
Zurn Elkay Water Solutions Corporation ZWS	FY2025	$1.7B	$198.0M	11.7%	$7.8B	56/100
Federal Signal Corp. FSS	FY2025	$2.2B	$246.6M	11.3%	$7.0B	71/100
PureCycle Technologies, Inc. PCT	FY2025	$8.4M	-$182.6M	N/A	$691.1M	28/100
Veralto Corporation VLTO	FY2025	$5.5B	$940.0M	17.1%	$24.1B	76/100
Ceco Environmental Corp CECO	FY2025	$774.4M	$50.1M	6.5%	$3.9B	53/100
Energy Recovery, Inc. ERII	FY2025	$135.0M	$23.0M	17.0%	$349.7M	74/100

Where Zurn Elkay Water Solutions Corporation Ranks

Frequently Asked Questions

What is Zurn Elkay Water Solutions Corporation's annual revenue?

Zurn Elkay Water Solutions Corporation (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.

How fast is Zurn Elkay Water Solutions Corporation's revenue growing?

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

Is Zurn Elkay Water Solutions Corporation profitable?

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

What is Zurn Elkay Water Solutions Corporation's EBITDA?

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

How much debt does Zurn Elkay Water Solutions Corporation have?

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

What is Zurn Elkay Water Solutions Corporation's gross margin?

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

What is Zurn Elkay Water Solutions Corporation's operating margin?

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

What is Zurn Elkay Water Solutions Corporation's net profit margin?

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

Does Zurn Elkay Water Solutions Corporation pay dividends?

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

What is Zurn Elkay Water Solutions Corporation's return on equity (ROE)?

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

What is Zurn Elkay Water Solutions Corporation's operating cash flow?

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

What are Zurn Elkay Water Solutions Corporation's total assets?

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

Does Zurn Elkay Water Solutions Corporation buy back shares?

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

How many shares does Zurn Elkay Water Solutions Corporation have outstanding?

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

What is Zurn Elkay Water Solutions Corporation's current ratio?

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

What is Zurn Elkay Water Solutions Corporation's debt-to-equity ratio?

Zurn Elkay Water Solutions Corporation (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.

What is Zurn Elkay Water Solutions Corporation's return on assets (ROA)?

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

What is Zurn Elkay Water Solutions Corporation's P/E ratio?

Zurn Elkay Water Solutions Corporation (ZWS) trades at 36.7x earnings, its market capitalization divided by net income of $213.3M net income, trailing 12 months to March 31, 2026. The market capitalization is $7.8B as of Oct 14, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Zurn Elkay Water Solutions Corporation's price-to-sales ratio?

Zurn Elkay Water Solutions Corporation (ZWS) trades at 4.5x sales, its market capitalization divided by revenue of $1.7B revenue, trailing 12 months to March 31, 2026. The market capitalization is $7.8B as of Oct 14, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Zurn Elkay Water Solutions Corporation's Altman Z-Score?

Zurn Elkay Water Solutions Corporation (ZWS) has an Altman Z-Score of 5.00, 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 Zurn Elkay Water Solutions Corporation's Piotroski F-Score?

Zurn Elkay Water Solutions Corporation (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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Zurn Elkay Water Solutions Corporation's earnings high quality?

Zurn Elkay Water Solutions Corporation (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.

Can Zurn Elkay Water Solutions Corporation cover its interest payments?

Zurn Elkay Water Solutions Corporation (ZWS) has an interest coverage ratio of 9.75x, 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 Zurn Elkay Water Solutions Corporation?

Zurn Elkay Water Solutions Corporation (ZWS) scores 56 out of 100 on our Financial Health Score, indicating moderate 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.