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Mueller Water Products, Inc. (MWA)

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Mueller Water Products, Inc. (MWA) reported revenue of $396 million for Q3 FY2026, the quarter ended 30 June 2026, up 4.1% on the same quarter a year earlier. Net income was $67 million, up 28.2% on the year, and diluted earnings per share $0.43. The figures are the company's own, from the 10-Q it filed with the SEC on 6 August 2026.

Revenue$396 millionup 4.1%
Net income$67 millionup 28.2%
Diluted EPS$0.43
QuarterQ3 FY2026ended 30 June 2026

Mueller Water Products (MWA) in brief

Mueller Water Products (MWA) reported revenue of $1.4 billion for fiscal 2025, the year ended 30 September 2025, up 8.7% on the year before.
Read moreNet income was $192 million and diluted earnings per share $1.22. Revenue was $1.3 billion in fiscal 2024, $1.3 billion in fiscal 2023, $1.2 billion in fiscal 2022 and $1.1 billion in fiscal 2021. Net income in the same years was $116 million, $86 million, $77 million and $70 million. Over the twelve months to 30 June 2026, Mueller Water Products reported revenue of $1.5 billion and net income of $222 million. Revenue grew 8.2% a year, compounded, over the five years to fiscal 2025. Mueller Water Products declared $0.27 a share in dividends over the last four quarters and had 156 million shares outstanding at the latest filed count. At 30 June 2026 it carried $451 million of debt and $495 million of cash. At the close of 9 October 2026 the market cap of Mueller Water Products was $3.4 billion, 15.4 times its earnings over the last twelve months.

Ratios

From the filings

ROE19.8%
ROCE18.3%
Operating margin19.4%
Net margin15.0%
FCF margin12.1%
Interest cover66.81
Debt to equity0.40
Cash conversion1.07
Share count, 1 year-0.1%
Sales CAGR, 3 years4.7%
Profit CAGR, 3 years35.8%
EPS, TTM$1.41

At the close of 9 October 2026

Price$21.68
Market cap$3.4 billion
Stock P/E15.38
Price to book3.02
EV / EBITDA9.91
Dividend yield1.2%
Market cap / sales2.29
52-week high$30.37
52-week low$21.23
Price, 1 year-13.8%
Price CAGR, 3 years19.2%
Price CAGR, 5 years6.4%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on long-term debt as Mueller Water Products, Inc. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
MWAgreeksoup.ai
Daily prices to 9 October 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on MWA

Filings19 in twelve months: 11 current reports (8-K), about 4 results of operations; 3 officer or director change; 3 regulation FD disclosure; 1 shareholder vote; 1 other events
Planned insider sales9 Form 144 notices in twelve months, $4.6 million; latest 1 September 2026
Options tapeput/call 0.39 by open interest at the 9 October 2026 close; the straddle prices a 8.0% move to 16 October 2026
13F holders7 of the followed funds hold it; largest Geode Capital Management; 4 Schedule 13D or 13G filings in twelve months
Insider trading12 sales and 5 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest6.1 million shares short, 3.63 days to cover at 30 September 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026
Revenue301256353357348304364380381318384396
Cost of revenue213170223225237201236235241198240240
Gross profit88.486.3130131111103128146140120144156
Gross margin29%34%37%37%32%34%35%38%37%38%38%39%
SG&A54.256.963.761.563.153.955.771.066.759.859.764.0
Operating income24.922.863.567.028.447.469.973.769.656.780.480.6
Operating margin8%9%18%19%8%16%19%19%18%18%21%20%
Interest expensen/an/an/an/an/a1.62.31.71.01.01.60.7
Pre-tax income20.716.958.963.224.445.867.772.068.755.778.879.8
Tax rate17%15%25%25%59%23%24%27%23%22%25%16%
Net income17.214.344.347.310.035.351.352.552.643.259.167.3
Net margin6%6%13%13%3%12%14%14%14%14%15%17%
Diluted EPS$0.11$0.09$0.28$0.30$0.06$0.22$0.33$0.33$0.33$0.27$0.38$0.43
Operating cash flow56.567.9-5.787.389.354.114.367.483.561.2-12.8106
Capital expenditure15.25.710.112.219.411.99.211.714.517.214.711.7
Free cash flow41.362.2-15.875.169.942.25.155.769.044.0-27.594.1
Buybacks10.0n/an/a0.0n/a0.05.010.00.05.50.010.0
Dividends paid9.510.010.09.910.010.510.510.410.510.911.010.9
Shares outstanding156m156m156m156m156m157m157m156m156m156m156m156m
Filing10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 12 fiscal years and the trailing twelve months

FY2014 †FY2015 †FY2016 †FY2017 †FY2018FY2019FY2020FY2021FY2022FY2023 †FY2024FY2025TTM
Revenue1,1857938018269169689641,1111,2471,2761,3151,4301,479
Cost of revenue837547532558626647636752883896856913919
Gross profit348246269268290321328358364380459517560
Gross margin29.4%31.0%33.6%32.4%31.6%33.2%34.0%32.3%29.2%29.7%34.9%36.1%37.9%
Research and development14.412.19.912.111.614.315.017.124.525.920.519.9n/a
Selling, general and administrative221147150155167183198219239242245247250
Operating income12479.6112102122124117132112127182261287
Operating margin10.5%10.0%14.0%12.4%13.3%12.8%12.1%11.9%8.9%10.0%13.8%18.2%19.4%
Interest expense50.027.824.024.225.323.326.623.817.618.421.520.04.3
Pre-tax income73.5n/an/an/a95.782.194.194.998.6109163254283
Income tax18.08.324.224.2-9.918.322.124.522.023.547.562.560.8
Effective tax rate24.5%n/an/an/a-10.3%22.3%23.5%25.8%22.3%21.6%29.1%24.6%21.5%
Net income55.530.963.912310663.872.070.476.685.5116192222
Net margin4.7%3.9%8.0%14.9%11.5%6.6%7.5%6.3%6.1%6.7%8.8%13.4%15.0%
Diluted EPS$0.34$0.19$0.39$0.76$0.66$0.40$0.45$0.44$0.48$0.55$0.74$1.22$1.41
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by segment

FY2023FY2024FY2025Share
latest year
Water Flow Solutions63475682557.7%
Water Management Solutions64155960542.3%
Water Flow SolutionsWater Management Solutions
1,276FY20231,315FY20241,430FY2025

$ million; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow and capital returned

FY2014 †FY2015 †FY2016 †FY2017 †FY2018FY2019FY2020FY2021FY2022FY2023 †FY2024FY2025TTM
Operating cash flow14887.814516.113392.514015752.3109239219238
Capital expenditure36.927.231.540.655.786.667.762.754.747.647.447.358.1
Free cash flow11160.6114-24.577.45.972.694.0-2.461.4191172180
Free cash flow margin9.3%7.6%14.2%-3.0%8.4%0.6%7.5%8.5%-0.2%4.8%14.6%12.0%12.1%
Cash from investingn/an/an/an/a-47.9-212-67.5-81.7-54.9-42.1-47.2-47.1-56.8
Cash from financingn/an/an/an/a-98.3-50.9-41.4-58.8-72.0-48.8-46.0-58.3-62.6
Depreciation and amortisation56.743.439.541.943.753.057.859.660.562.566.246.949.9
Share-based compensation8.64.04.76.05.24.35.38.18.78.59.010.713.9
Buybacks0.05.00.055.030.010.05.010.035.010.010.015.015.5
Dividends paid11.212.016.124.030.132.033.134.836.538.139.941.943.3
Dividend per share$0.07$0.07$0.10$0.15$0.19$0.20$0.21$0.22$0.23$0.24$0.26$0.27n/a
Diluted shares, weighted162m163m163m162m160m159m159m159m158m157m157m158m157m
Shares outstanding at period end160m160m162m159m157m157m158m158m156m156m156m156m156m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2014 †FY2015 †FY2016 †FY2017 †FY2018FY2019FY2020FY2021FY2022FY2023 †FY2024FY2025TTM
Funded by
Shareholders' equity3503664184885635906416956697128109821,120
Non-controlling interest1.61.51.21.11.52.20.0n/an/an/an/an/an/a
Debt546496491486452452452452452447449450451
Operating lease liabilitiesn/an/an/an/an/a0.023.324.622.419.822.522.0n/a
Finance lease liabilitiesn/an/an/an/an/an/a1.41.20.80.61.92.9n/a
Other liabilities415366370282276293277345354326353382382
Total liabilities and equity1,3121,2301,2811,2581,2921,3371,3951,5181,4981,5051,6361,8391,953
Owned
Fixed assets146149108122151217254283302312319336345
Goodwill5.45.45.412.912.195.799.811598.693.780.789.292.1
Intangible assets534507435439408434409392361334310307301
Cash and equivalents161113195362347177209228146160310432495
Receivables182175132145164173181212228217209212203
Inventory198219131139157191162185279298302329380
Other assets86.060.727537.952.849.980.310383.590.3106135137
Total assets1,3121,2301,2811,2581,2921,3371,3951,5181,4981,5051,6361,8391,953
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded6.1%8.2%4.7%5.9%
Profit growth, compounded20.0%21.6%35.8%49.0%
Return on equity, average14.9%13.5%15.3%19.5%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was Mueller Water Products' revenue in fiscal 2025?

Mueller Water Products (MWA) reported revenue of $1.4 billion for fiscal 2025, the year ended 30 September 2025, up 8.7% on the year before.

How much did Mueller Water Products earn in fiscal 2025?

Net income was $192 million for fiscal 2025, and diluted earnings per share $1.22.

What is Mueller Water Products' P/E ratio?

At the close of 9 October 2026, Mueller Water Products traded at 15.4 times its earnings over the twelve months to 30 June 2026.

What is Mueller Water Products' market cap?

The market cap of Mueller Water Products was $3.4 billion at the close of 9 October 2026.

Does Mueller Water Products pay a dividend?

Yes. Mueller Water Products declared $0.27 a share in dividends over the four quarters to 30 June 2026.

Peers: Construction Materials

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Parker-Hannifin Corp. PH$121.3 billion33.7923.7%23.6%8.3%0.490.8%
Crane Co. CR$11.8 billion35.7715.4%17.9%16.3%0.500.4%
Watts Water Technologies Inc. WTS$11.8 billion30.8217.5%19.1%17.1%0.050.6%
Fortune Brands Innovations, Inc. FBIN$4.7 billion31.726.4%6.8%-2.3%1.112.6%
Louisiana-Pacific Corp. LPX$4.6 billion83.183.1%3.0%-14.4%0.200.4%
Trex Co. Inc. TREX$4.6 billionn/an/an/a7.0%0.25n/a
Champion Homes, Inc. SKY$4.3 billion23.3012.2%8.7%4.5%0.02n/a
Griffon Corp. GFF$4.1 billion23.10138.6%19.7%-12.0%9.750.8%
Cavco Industries, Inc. CVCO$4.1 billion23.1416.3%9.6%9.7%n/an/a
UFP Industries Inc. UFPI$4.1 billion17.018.2%5.1%-4.7%0.081.9%
Mueller Water Products, Inc. MWA$3.4 billion15.3819.8%19.4%5.9%0.401.2%
Crane Nxt, Co. CXT$2.9 billion20.8511.1%14.0%17.3%0.991.3%
All 23 in Construction Materials
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Parker-Hannifin Corp. PH$121.3 billion33.7923.7%23.6%8.3%0.490.8%
CRH Public Ltd. Co. CRH$54.3 billion14.3816.0%14.3%6.3%0.741.8%
Snap-on Inc. SNA$18.6 billion18.3717.1%25.4%4.0%0.202.5%
Masco Corp. MAS$13.6 billion15.80n/a17.5%-0.6%n/a1.8%
Stanley Black & Decker, Inc. SWK$13.4 billion21.606.9%5.6%0.6%0.533.7%
Crane Co. CR$11.8 billion35.7715.4%17.9%16.3%0.500.4%
Watts Water Technologies Inc. WTS$11.8 billion30.8217.5%19.1%17.1%0.050.6%
Valmont Industries Inc. VMI$9.0 billion18.2528.7%13.7%3.8%0.420.6%
Owens Corning OC$9.0 billionn/an/an/an/a1.362.5%
Arcosa, Inc. ACA$7.2 billion14.7516.5%11.8%2.6%0.480.1%
Simpson Manufacturing Co., Inc. SSD$7.0 billion18.7017.9%20.6%6.5%0.140.7%
Eagle Materials Inc. EXP$5.1 billion13.0227.1%n/a1.7%1.170.6%
Fortune Brands Innovations, Inc. FBIN$4.7 billion31.726.4%6.8%-2.3%1.112.6%
Louisiana-Pacific Corp. LPX$4.6 billion83.183.1%3.0%-14.4%0.200.4%
Trex Co. Inc. TREX$4.6 billionn/an/an/a7.0%0.25n/a
Champion Homes, Inc. SKY$4.3 billion23.3012.2%8.7%4.5%0.02n/a
Griffon Corp. GFF$4.1 billion23.10138.6%19.7%-12.0%9.750.8%
Cavco Industries, Inc. CVCO$4.1 billion23.1416.3%9.6%9.7%n/an/a
UFP Industries Inc. UFPI$4.1 billion17.018.2%5.1%-4.7%0.081.9%
Mueller Water Products, Inc. MWA$3.4 billion15.3819.8%19.4%5.9%0.401.2%
Crane Nxt, Co. CXT$2.9 billion20.8511.1%14.0%17.3%0.991.3%
Proto Labs Inc. PRLB$2.2 billion74.984.4%6.6%10.2%0.00n/a
Koppers Holdings Inc. KOP$820 millionn/a-22.5%-2.2%-5.0%2.340.7%
4 companies share its SEC industry code (Miscellaneous Fabricated Metal Products); the rest are the names nearest in size in its wider industry, Construction Materials, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q30 June 20266 August 2026EDGAR
10-Q31 March 20266 May 2026EDGAR
10-Q31 December 20255 February 2026EDGAR
10-K30 September 202519 November 2025EDGAR
10-Q30 June 20255 August 2025EDGAR
10-Q31 March 20256 May 2025EDGAR
10-Q31 December 20245 February 2025EDGAR
10-K30 September 202420 November 2024EDGAR
10-Q30 June 20246 August 2024EDGAR
10-Q31 March 20247 May 2024EDGAR

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