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Zurn Elkay Water Solutions Corp. (ZWS)

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Zurn Elkay Water Solutions Corp. (ZWS) reported revenue of $491 million for Q2 FY2026, the quarter ended 30 June 2026, up 10.5% on the same quarter a year earlier. Net income was $113 million, up 124.4% on the year, and diluted earnings per share $0.67. The figures are the company's own, from the 10-Q it filed with the SEC on 28 July 2026.

Revenue$491 millionup 10.5%
Net income$113 millionup 124.4%
Diluted EPS$0.67
QuarterQ2 FY2026ended 30 June 2026

Zurn Elkay Water Solutions (ZWS) in brief

Zurn Elkay Water Solutions (ZWS) reported revenue of $1.7 billion for fiscal 2025, the year ended 31 December 2025, up 8.3% on the year before.
Read moreNet income was $198 million and diluted earnings per share $1.15. Revenue was $1.6 billion in fiscal 2024, $1.5 billion in fiscal 2023, $1.3 billion in fiscal 2022 and $911 million in fiscal 2021. Net income in the same years was $160 million, $113 million, $62 million and $121 million. Over the twelve months to 30 June 2026, Zurn Elkay Water Solutions reported revenue of $1.8 billion and net income of $276 million. Revenue grew 17.8% a year, compounded, over the five years to fiscal 2025. Zurn Elkay Water Solutions declared $0.38 a share in dividends over the last four quarters and had 166 million shares outstanding at the latest filed count. At 30 June 2026 it carried $499 million of debt and $365 million of cash. At the close of 9 October 2026 the market cap of Zurn Elkay Water Solutions was $7.7 billion, 28.7 times its earnings over the last twelve months.

Ratios

From the filings

ROE16.6%
ROCE17.3%
Operating margin20.8%
Net margin15.5%
FCF marginn/a
Interest cover14.37
Debt to equity0.30
Cash conversion1.45
Share count, 1 year-0.9%
Sales CAGR, 3 years9.8%
Profit CAGR, 3 years47.5%
EPS, TTM$1.62

At the close of 9 October 2026

Price$46.56
Market cap$7.7 billion
Stock P/E28.74
Price to book4.66
EV / EBITDA17.16
Dividend yield0.8%
Market cap / sales4.33
52-week high$53.18
52-week low$43.70
Price, 1 year-0.4%
Price CAGR, 3 years20.2%
Price CAGR, 5 years5.0%
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 Zurn Elkay Water Solutions Corp. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
ZWSgreeksoup.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 ZWS

Filings17 in twelve months: 8 current reports (8-K), about 6 results of operations; 2 officer or director change; 1 other events; 1 shareholder vote; 1 material agreement
Planned insider sales25 Form 144 notices in twelve months, $38.9 million; latest 4 August 2026
Options tapeput/call 0.03 by open interest at the 9 October 2026 close; the straddle prices a 4.9% move to 16 October 2026
13F holders9 of the followed funds hold it; largest Geode Capital Management; 3 Schedule 13D or 13G filings in twelve months
Insider trading25 sales and 1 purchase on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest4.6 million shares short, 4.84 days to cover at 30 September 2026
Documentsthe 10-K, the 10-Qs, the proxy and 6 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue398357374412410371389444455407433491
Cost of revenue228201204226221210208242255226227203
Gross profit170156170186189161181202201181206288
Gross margin43%44%46%45%46%43%47%46%44%44%48%59%
SG&A92.993.695.998.910293.3101108107102108120
Operating income60.132.853.271.970.249.363.477.677.560.482.1152
Operating margin15%9%14%17%17%13%16%17%17%15%19%31%
Interest expense9.98.78.88.58.37.57.37.77.16.56.26.1
Pre-tax income47.721.343.061.860.441.856.167.979.153.276.9150
Tax rate26%37%21%27%28%14%27%26%25%22%23%25%
Net income41.413.934.346.043.536.443.650.561.842.158.9113
Net margin10%4%9%11%11%10%11%11%14%10%14%23%
Diluted EPS$0.24$0.08$0.19$0.27$0.25$0.21$0.26$0.29$0.36$0.24$0.35$0.67
Operating cash flow10458.253.985.190.963.642.911110191.746.1162
Buybacks13.124.918.961.050.020.377.432.525.025.050.049.6
Dividends paid12.113.813.913.813.615.315.215.115.118.518.418.4
Shares outstanding173m172m173m171m170m170m169m168m167m167m167m166m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-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), 7 fiscal years and the trailing twelve months

FY2019FY2020 †FY2021FY2022FY2023FY2024FY2025TTM
Revenue7107469111,2821,5301,5661,6961,787
Cost of revenuen/a408538816882860931911
Gross profitn/a338373466648707765876
Gross marginn/a45.3%41.0%36.3%42.3%45.1%45.1%49.0%
Selling, general and administrativen/a206239309371390418436
Operating incomen/a108107107191245279372
Operating marginn/a14.4%11.7%8.4%12.5%15.6%16.4%20.8%
Interest expensen/a45.934.726.938.533.128.625.9
Pre-tax incomen/a38.152.483.8147207256359
Income taxn/a9.52.726.842.648.163.986.6
Effective tax raten/a24.9%5.2%32.0%29.0%23.2%24.9%24.1%
Net incomen/a14712161.7113160198276
Net marginn/a19.7%13.3%4.8%7.4%10.2%11.7%15.5%
Diluted EPSn/a$1.19$0.97$0.40$0.64$0.92$1.15$1.62
Filing10-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 region

FY2023FY2024FY2025Share
latest year
United States1,4101,4291,55191.5%
Canada78.790.197.85.8%
Rest of world41.747.547.02.8%
United StatesCanadaRest of world
1,530FY20231,566FY20241,696FY2025

$ 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

FY2019FY2020 †FY2021FY2022FY2023FY2024FY2025TTM
Operating cash flown/a32022497.0254294346401
Cash from investingn/a-197-21.9-6.6-4.6-20.2-29.9-22.9
Cash from financingn/a-156-356-61.1-239-208-217-215
Depreciation and amortisationn/a75.667.654.587.988.388.786.2
Share-based compensationn/a44.851.425.040.037.940.642.0
Buybacksn/a1400.924.7125150160150
Dividends paidn/a38.636.432.550.456.663.970.4
Dividend per sharen/an/a$0.30$0.20$0.29$0.33$0.38n/a
Diluted shares, weightedn/a123m125m154m177m175m171m169m
Shares outstanding at period end122m120m126m177m172m170m167m166m
Filing10-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

FY2019FY2020 †FY2021FY2022FY2023FY2024FY2025TTM
Funded by
Shareholders' equity1,3661,4391261,6151,6031,5871,6031,659
Non-controlling interest2.63.00.0n/an/an/an/an/a
Debt1,1491,118540536495496496499
Operating lease liabilities36.713.48.934.237.343.342.036.0
Finance lease liabilities26.80.10.20.420.819.819.2n/a
Other liabilities681827403678511503518587
Total liabilities and equity3,2623,4011,0782,8642,6672,6482,6792,781
Owned
Fixed assets37343564.4n/an/an/an/an/a
Goodwill1,311245254777796794795793
Intangible assets4922001791,010952892835806
Cash and equivalents27762.396.6125137198300365
Receivables283104144220210202185271
Inventory349136184367278273274287
Other assets1762,219155366294290290259
Total assets3,2623,4011,0782,8642,6672,6482,6792,781
Filing10-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, compoundedn/a17.8%9.8%10.7%
Profit growth, compoundedn/a6.2%47.5%58.7%
Return on equity, averagen/a25.8%9.8%12.3%
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 Zurn Elkay Water Solutions' revenue in fiscal 2025?

Zurn Elkay Water Solutions (ZWS) reported revenue of $1.7 billion for fiscal 2025, the year ended 31 December 2025, up 8.3% on the year before.

How much did Zurn Elkay Water Solutions earn in fiscal 2025?

Net income was $198 million for fiscal 2025, and diluted earnings per share $1.15.

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

At the close of 9 October 2026, Zurn Elkay Water Solutions traded at 28.7 times its earnings over the twelve months to 30 June 2026.

What is Zurn Elkay Water Solutions' market cap?

The market cap of Zurn Elkay Water Solutions was $7.7 billion at the close of 9 October 2026.

Does Zurn Elkay Water Solutions pay a dividend?

Yes. Zurn Elkay Water Solutions declared $0.38 a share in dividends over the four quarters to 30 June 2026.

Peers: Machinery

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Illinois Tool Works Inc. ITW$75.2 billion23.94110.3%26.5%4.3%3.352.4%
Ingersoll Rand Inc. IR$30.6 billion32.409.4%18.1%7.8%0.40n/a
Zebra Technologies Corp. ZBRA$18.3 billion35.4315.7%14.7%12.7%0.81n/a
Toro Co. TTC$9.1 billion25.6127.2%10.3%5.2%0.721.6%
SPX Technologies, Inc. SPXC$8.5 billion30.4811.9%16.2%20.6%0.260.4%
Pentair plc PNR$8.5 billion13.1817.4%20.3%-2.1%0.431.9%
Timken Co. TKR$8.1 billion31.498.1%10.5%5.5%0.641.2%
Zurn Elkay Water Solutions Corp. ZWS$7.7 billion28.7416.6%20.8%10.7%0.300.8%
Agco Corp. AGCO$7.2 billion14.3013.1%5.8%1.7%0.651.1%
Aaon, Inc. AAON$7.1 billion44.8415.8%11.0%53.5%0.430.5%
NOV Inc. NOV$6.8 billion72.941.5%5.1%-1.7%0.272.7%
Gates Industrial Corp. Ltd. GTES$6.8 billion18.9210.3%13.3%3.3%0.63n/a
All 60 in Machinery
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
ASML Holding N.V. ASML *$686.2 billion64.0049.0%34.6%15.6%0.22n/a
Lam Research Corp. LRCX$398.9 billion55.3558.3%35.3%26.0%0.300.3%
Caterpillar Inc. CAT$367.9 billion34.4555.9%17.5%18.4%1.440.7%
Deere & Co. DE$167.4 billion34.4917.4%13.4%8.0%2.281.0%
Eaton Corp. plc ETN$166.9 billion43.7118.9%n/a15.5%0.911.0%
Johnson Controls International plc JCI$96.0 billion27.3826.5%n/a6.8%0.621.0%
Illinois Tool Works Inc. ITW$75.2 billion23.94110.3%26.5%4.3%3.352.4%
Cummins Inc. CMI$72.0 billion26.7421.1%11.2%2.9%0.521.5%
Baker Hughes Co. BKR$56.3 billion18.2915.6%n/a0.4%0.82n/a
Carrier Global Corp. CARR$46.1 billion38.329.1%7.8%-1.6%0.771.2%
Ingersoll Rand Inc. IR$30.6 billion32.409.4%18.1%7.8%0.40n/a
TechnipFMC plc FTI$27.3 billion24.1535.9%16.0%9.9%0.120.3%
nVent Electric plc NVT$27.1 billion45.7515.0%17.1%46.2%0.370.5%
Dover Corp. DOV$25.4 billion22.7414.7%16.9%7.6%0.421.1%
Xylem Inc. XYL$24.0 billion24.459.8%14.5%4.5%0.281.6%
Curtiss Wright Corp. CW$18.9 billion35.3019.5%18.8%10.5%0.350.2%
Zebra Technologies Corp. ZBRA$18.3 billion35.4315.7%14.7%12.7%0.81n/a
Nordson Corp. NDSN$18.3 billion33.1717.0%26.9%7.0%0.531.0%
ITT Inc. ITT$18.0 billion39.488.8%14.4%28.1%0.620.7%
Idex Corp. IEX$17.3 billion33.7013.0%20.7%7.3%0.471.2%
RBC Bearings Inc. RBC$16.5 billion49.799.3%23.6%17.3%0.230.0%
Lincoln Electric Holdings Inc. LECO$14.2 billion26.1035.6%17.1%9.3%0.741.2%
CNH Industrial N.V. CNH$14.1 billion45.604.0%n/a0.6%3.332.2%
BWX Technologies, Inc. BWXT$13.2 billion37.2626.6%12.1%22.7%1.510.7%
Graco Inc. GGG$12.7 billion24.5921.1%28.1%4.6%0.011.4%
Lennox International Inc. LII$12.4 billion16.1160.8%19.7%-2.1%0.891.4%
Moog Inc. MOG.A$11.6 billion30.8717.0%13.3%15.6%0.410.3%
Regal Rexnord Corp. RRX$11.0 billion34.024.7%11.7%3.5%0.660.8%
Donaldson Co. Inc. DCI$10.1 billion22.5925.7%15.4%5.3%0.731.4%
Flowserve Corp. FLS$9.2 billion25.3416.4%8.5%-0.3%0.941.2%
Toro Co. TTC$9.1 billion25.6127.2%10.3%5.2%0.721.6%
SPX Technologies, Inc. SPXC$8.5 billion30.4811.9%16.2%20.6%0.260.4%
Pentair plc PNR$8.5 billion13.1817.4%20.3%-2.1%0.431.9%
Timken Co. TKR$8.1 billion31.498.1%10.5%5.5%0.641.2%
Zurn Elkay Water Solutions Corp. ZWS$7.7 billion28.7416.6%20.8%10.7%0.300.8%
Agco Corp. AGCO$7.2 billion14.3013.1%5.8%1.7%0.651.1%
Aaon, Inc. AAON$7.1 billion44.8415.8%11.0%53.5%0.430.5%
NOV Inc. NOV$6.8 billion72.941.5%5.1%-1.7%0.272.7%
Gates Industrial Corp. Ltd. GTES$6.8 billion18.9210.3%13.3%3.3%0.63n/a
Solaris Energy Infrastructure, Inc. SEI$6.0 billion95.536.1%24.3%70.5%1.780.6%
Weatherford International plc WFRD$5.6 billion15.3720.5%12.7%-7.2%0.811.3%
JBT Marel Corp. JBTM$5.6 billion29.194.3%7.3%44.9%0.380.4%
ACM Research, Inc. ACMR$5.1 billion33.998.1%13.3%27.3%0.13n/a
Middleby Corp. MIDD$4.8 billionn/a-21.3%16.5%8.4%0.88n/a
Cactus, Inc. WHD$4.5 billion54.2313.2%18.6%21.8%0.000.9%
Esab Corp. ESAB$4.2 billion23.976.8%12.1%9.7%0.940.6%
Brunswick Corp. BC$4.0 billionn/a-5.1%-0.4%10.5%1.252.8%
Standex International Corp. SXI$3.4 billion32.9613.9%21.7%12.8%0.690.5%
Veeco Instruments Inc. VECO$3.2 billion145.422.6%2.7%-2.5%0.25n/a
Kadant Inc. KAI$3.1 billion28.0110.7%15.0%12.5%0.500.5%
Dnow Inc. DNOW$2.8 billionn/an/an/a69.8%0.23n/a
Kennametal Inc. KMT$2.4 billion7.2521.8%20.1%19.8%0.442.5%
Hayward Holdings, Inc. HAYW$2.4 billion15.3210.1%21.1%7.8%0.590.0%
Innovex International, Inc. INVX$1.9 billion31.535.8%10.0%15.0%0.02n/a
Alamo Group Inc. ALG$1.8 billion18.298.5%8.9%4.1%0.220.8%
Enerpac Tool Group Corp. EPAC$1.8 billion19.7522.0%21.2%4.3%0.440.1%
Azenta, Inc. AZTA$1.7 billionn/a-8.1%-28.6%4.8%0.000.3%
Lindsay Corp. LNN$1.1 billion21.5511.1%9.9%-7.4%0.231.3%
Tennant Co. TNC$1.1 billion63.473.4%3.2%-2.9%0.671.8%
Astec Industries Inc. ASTE$890 million45.532.8%3.4%18.7%0.531.3%
4 companies share its SEC industry code (General Industrial Machinery & Equipment); the rest are the names nearest in size in its wider industry, Machinery, 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 202628 July 2026EDGAR
10-Q31 March 202621 April 2026EDGAR
10-K31 December 20259 February 2026EDGAR
10-Q30 September 202528 October 2025EDGAR
10-Q30 June 202529 July 2025EDGAR
10-Q31 March 202522 April 2025EDGAR
10-K31 December 202410 February 2025EDGAR
10-Q30 September 202429 October 2024EDGAR
10-Q30 June 202430 July 2024EDGAR
10-Q31 March 202423 April 2024EDGAR

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