Mueller Water Products, Inc. (MWA)

Mueller Water Products Financials Overview

Financials in millions USD. Fiscal year is October - September.

Revenue & Profits

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Sep 30, 2026	Sep 30, 2025	Sep 30, 2024	Sep 30, 2023	Sep 30, 2022
Revenue Revenue Growth	1,475	1,475	1,430	1,315	1,276	1,247
Revenue Growth	3.17%	3.17%	8.75%	3.06%	2.27%	12.28%
Gross Profit Gross Profit Growth	559.4	559.4	520.8	459	379.5	364.3
Operating Income Operating Income Growth	290.7	290.7	273.7	209.8	133.9	129.5
Net Income Net Income Growth	221.9	221.9	191.7	115.9	85.5	76.6
Earnings Per Share EPS Growth	1.41	1.41	1.22	0.74	0.55	0.48
EPS Growth	15.57%	15.57%	64.86%	35.28%	13.96%	9.09%

Revenue by Segment

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Sep 30, 2026	Sep 30, 2025	Sep 30, 2024	Sep 30, 2023	Sep 30, 2022
Water Flow Solutions Water Flow Solutions Growth	817.5	817.5	824.9	755.5	634.4	714.1
Water Management Solutions Water Management Solutions Growth	657.5	657.5	604.8	559.2	641.3	533.3
Revenue (Total) Revenue (Total) Growth	1,475	1,475	1,430	1,315	1,276	1,247

Cash & Debt

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Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Sep 30, 2026	Sep 30, 2025	Sep 30, 2024	Sep 30, 2023	Sep 30, 2022
Cash & Investments Cash & Investments Growth	566	566	431.5	309.9	160.3	146.5
Total Debt Total Debt Growth	453.8	453.8	480	477.5	472.1	473.7
Net Cash (Debt) Net Cash Growth	112.2	112.2	-48.5	-167.6	-311.8	-327.2
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share Net Cash Per Share Growth	0.71	0.71	-0.31	-1.07	-1.99	-2.07

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Sep 30, 2026	Sep 30, 2025	Sep 30, 2024	Sep 30, 2023	Sep 30, 2022
Operating Cash Flow Operating Cash Flow Growth	262.9	262.9	219.3	238.8	109	52.3
Capital Expenditures CapEx Growth	-55.6	-55.6	-47.3	-47.4	-47.6	-54.7
Free Cash Flow Free Cash Flow Growth	207.3	207.3	172	191.4	61.4	-2.4
Free Cash Flow Growth	20.52%	20.52%	-10.14%	211.73%	-	-

Margins

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Sep 30, 2026	Sep 30, 2025	Sep 30, 2024	Sep 30, 2023	Sep 30, 2022
Gross Margin	37.92%	37.92%	36.43%	34.91%	29.75%	29.20%
Operating Margin	19.71%	19.71%	19.14%	15.96%	10.50%	10.38%
Pretax Margin	19.45%	19.45%	17.78%	12.43%	8.54%	7.90%
Profit Margin	15.04%	15.04%	13.41%	8.82%	6.70%	6.14%
FCF Margin	14.05%	14.05%	12.03%	14.56%	4.81%	-0.19%

Dividends

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Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Nov 5, 2026	Sep 30, 2026	Sep 30, 2025	Sep 30, 2024	Sep 30, 2023	Sep 30, 2022
Dividend Per Share Dividend Per Share Growth	0.320	0.280	0.268	0.256	0.244	0.232
Dividend Per Share Growth	7.01%	4.48%	4.69%	4.92%	5.17%	5.46%
Dividend Yield	1.33%	1.31%	1.05%	1.18%	1.92%	2.25%

Valuation

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Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Nov 5, 2026	Sep 30, 2026	Sep 30, 2025	Sep 30, 2024	Sep 30, 2023	Sep 30, 2022
PE Ratio	17.05	14.94	20.81	29.17	23.21	21.00
Forward PE	15.76	13.77	18.45	21.70	22.70	16.24
P/FCF Ratio	18.11	16.00	23.19	17.66	32.32	-
PS Ratio	2.54	2.25	2.79	2.57	1.56	1.29

Data Sources: S&P Global Market Intelligence and Fiscal.ai Last updated: Nov 4, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company. Revenue segment data is provided by Fiscal.ai.

Update frequency:

Quarterly

Last checked:

Nov 4, 2026

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