Xylem (XYL) FY2024 results: revenue $8.6 billion, up 16.3% on the year
Xylem Inc. (XYL) reported revenue of $8.6 billion for fiscal 2024, the year ended 31 December 2024, up 16.3% on the year before. Net income was $890 million, up 46.1%, and diluted earnings per share $3.65. The figures are the company's own, from the 10-K it filed with the SEC on 3 March 2025.
Revenue
$8.6 billion
+16.3% on the year
FY2017FY2024
Operating margin
11.8%
8.9% a year earlier
FY2017FY2024
Net income
$890 million
+46.1% on the year
FY2017FY2024
Diluted EPS
$3.65
+30.8% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. 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.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
1,263
837
596
+50.9%
Capital expenditure
321
271
208
+18.5%
Free cash flow
942
566
388
+66.4%
Free cash flow margin
11.0%
7.7%
7.0%
Cash from investing
-482
-628
-191
Cash from financing
-615
-157
-790
Depreciation and amortisation
562
436
236
+28.9%
Share-based compensation
56.0
60.0
37.0
-6.7%
Buybacks
20.0
25.0
52.0
-20.0%
Dividends paid
350
299
217
+17.1%
Dividend per share
$1.44
$1.32
$1.20
+9.1%
Diluted shares, weighted
244m
218m
181m
+11.6%
Shares outstanding at period end
243m
242m
180m
+0.6%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
10,642
10,166
3,494
+4.7%
Non-controlling interest
5.0
10.0
9.0
-50.0%
Redeemable equity
235
0.0
n/a
Debt
2,016
2,284
1,880
-11.7%
Operating lease liabilities
242
272
228
-11.0%
Finance lease liabilities
76.0
64.0
21.0
+18.8%
Other liabilities
3,277
3,316
2,320
-1.2%
Total liabilities and equity
16,493
16,112
7,952
+2.4%
Fixed assets
1,152
1,169
630
-1.5%
Goodwill
7,980
7,587
2,719
+5.2%
Intangible assets
2,379
2,529
930
-5.9%
Cash and equivalents
1,121
1,019
944
+10.0%
Receivables
1,668
1,617
1,096
+3.2%
Inventory
996
1,018
799
-2.2%
Other assets
1,197
1,173
834
+2.0%
Total assets
16,493
16,112
7,952
+2.4%
10-K for the year ended 31 December 2024, filed 3 March 2025: the filing.