Zurn Elkay Water Solutions Corporation (ZWS)

ZWS Financials Overview

Financials in millions USD. Fiscal year is January - December.

Revenue & Profits

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue Revenue Growth	1,826	1,696	1,567	1,531	1,282	910.9
Revenue Growth	10.06%	8.26%	2.35%	19.40%	40.72%	-17.91%
Gross Profit Gross Profit Growth	920.7	764.8	707	648.1	465.5	373.2
Operating Income Operating Income Growth	409.4	286.6	255.4	214.9	158.7	115.8
Net Income Net Income Growth	290.6	198	160.2	112.7	61.7	120.9
Earnings Per Share EPS Growth	1.72	1.15	0.92	0.64	0.40	0.97
EPS Growth	53.05%	25.64%	43.81%	59.27%	-58.67%	-18.20%

Revenue by Segment

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Institutional Institutional Growth	900.2	830	740.5	690.5	517.7	334.8
Commercial Commercial Growth	531.1	477.3	451.1	443.1	373.7	286.7
All Other Customer Type All Other Customer Type Growth	395	388.6	374.9	396.9	390.4	289.4
Revenue (Total) Revenue (Total) Growth	1,826	1,696	1,567	1,531	1,282	910.9

Cash & Debt

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Investments Cash & Investments Growth	307.1	300.5	198	136.7	124.8	96.6
Total Debt Total Debt Growth	532.5	553.2	551.6	543.2	579.5	554.5
Net Cash (Debt) Net Cash Growth	-225.4	-252.7	-353.6	-406.5	-454.7	-457.9
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share Net Cash Per Share Growth	-1.33	-1.48	-2.02	-2.29	-2.96	-3.66

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Cash Flow Operating Cash Flow Growth	412.3	346.5	293.5	253.9	97	223.6
Capital Expenditures CapEx Growth	-25.3	-29.9	-21.8	-21.3	-7.6	-23.3
Free Cash Flow Free Cash Flow Growth	387	316.6	271.7	232.6	89.4	200.3
Free Cash Flow Growth	34.10%	16.53%	16.81%	160.18%	-55.37%	-27.43%

Margins

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Gross Margin	50.41%	45.10%	45.13%	42.35%	36.32%	40.97%
Operating Margin	22.42%	16.90%	16.30%	14.04%	12.38%	12.71%
Pretax Margin	20.96%	15.11%	13.21%	9.59%	6.54%	5.75%
Profit Margin	15.91%	11.68%	10.23%	7.36%	4.81%	13.27%
FCF Margin	21.19%	18.67%	17.34%	15.20%	6.98%	21.99%

Dividends

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct 27, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Dividend Per Share Dividend Per Share Growth	0.520	0.380	0.330	0.290	0.200	0.300
Dividend Per Share Growth	21.05%	15.15%	13.79%	45.00%	-33.33%	-6.25%
Dividend Yield	1.06%	0.82%	0.89%	0.98%	0.94%	0.85%

Valuation

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct 27, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
PE Ratio	28.65	39.29	39.52	45.10	60.95	36.53
Forward PE	24.34	28.85	28.16	27.01	22.78	38.59
P/FCF Ratio	21.07	24.57	23.30	21.85	42.06	22.05
PS Ratio	4.46	4.59	4.04	3.32	2.93	4.85

Data Sources: S&P Global Market Intelligence and Fiscal.ai Last updated: Oct 27, 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:

Oct 27, 2026

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