Mueller Water Products, Inc. (MWA) Financial Statements
Industry: Miscellaneous Fabricated Metal Products
In fiscal 2025, Mueller Water Products reported revenue of $1.43B, up 8.7% from $1.31B the year before. Net income was $191.7M (a 13.4% net margin), or $1.22 per diluted share. Gross margin was 36.1% and operating margin was 18.2%. Operating activities generated $219.3M of cash, leaving $172.0M of free cash flow. At fiscal year end, Mueller Water Products held $1.84B in total assets against $857.2M in total liabilities.
Open the full interactive Mueller Water Products financials → Quarterly statements, key ratios, valuation history and price charts.
Mueller Water Products Key Stats
| Share Price | $21.73 |
|---|---|
| Market Cap | $3.42B |
| P/E Ratio | 17.8 |
| Dividend Yield | 1.27% |
| Revenue YoY Growth | +8.8% |
| 52-Week Range | $21.24 – $30.21 |
| Shares Outstanding | 156.3 million (basic, 2026 Q3) |
Mueller Water Products Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $964.1M | $1.11B | $1.25B | $1.28B | $1.31B | $1.43B |
| Gross Profit | $328.2M | $358.5M | $364.3M | $379.5M | $459.0M | $516.7M |
| Operating Income | $116.8M | $131.7M | $111.6M | $127.4M | $181.7M | $260.6M |
| Pre-Tax Income | $94.1M | $94.9M | $98.6M | $109.0M | $163.4M | $254.2M |
| Income Tax | $22.1M | $24.5M | $22.0M | $23.5M | $47.5M | $62.5M |
| Net Income | $72.0M | $70.4M | $76.6M | $85.5M | $115.9M | $191.7M |
| Diluted EPS | $0.17 | $0.44 | $0.48 | $0.55 | $0.74 | $1.22 |
Mueller Water Products Quarterly Results
| 2025 Q4 | 2026 Q1 | 2026 Q2 | 2026 Q3 | |
|---|---|---|---|---|
| Revenue | $380.8M | $318.2M | $384.4M | $395.9M |
| Net Income | $52.6M | $43.2M | $59.1M | $67.3M |
| Diluted EPS | $0.33 | $0.27 | $0.38 | $0.43 |
Mueller Water Products Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $208.9M | $227.5M | — | — | — | — |
| Current Assets | $581.2M | $653.7M | $680.0M | $706.8M | $858.4M | $1.03B |
| Total Assets | $1.40B | $1.52B | $1.50B | $1.50B | $1.64B | $1.84B |
| Current Liabilities | $155.0M | $220.1M | $241.0M | $218.8M | $258.0M | $290.3M |
| Total Long-Term Debt | $447.6M | $446.9M | $446.9M | $447.4M | $449.5M | $451.6M |
| Total Liabilities | $754.3M | $823.1M | $828.8M | $793.5M | $825.8M | $857.2M |
| Shareholders' Equity | $640.7M | $694.9M | $669.3M | $711.5M | $810.1M | $981.7M |
Mueller Water Products Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $140.3M | $156.7M | $52.3M | $109.0M | $238.8M | $219.3M |
| Cash From Investing | -$67.5M | -$81.7M | -$54.9M | -$42.1M | -$47.2M | -$47.1M |
| Cash From Financing | -$41.4M | -$58.8M | -$72.0M | -$48.8M | -$46.0M | -$58.3M |
| Free Cash Flow | $72.6M | $94.0M | -$2.4M | $61.4M | $191.4M | $172.0M |
| Dividends Paid | $33.1M | $34.8M | $36.5M | $38.1M | $39.9M | $41.9M |
Figures from Mueller Water Products' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Mueller Water Products financials page for every line item.
Mueller Water Products Company Profile
| Ticker | MWA |
|---|---|
| Exchange | NYSE |
| Industry | Miscellaneous Fabricated Metal Products |
| Headquarters | Atlanta, Georgia |
| Incorporated in | Delaware |
| Fiscal Year End | September 30 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001350593 |
Frequently Asked Questions
What was Mueller Water Products' revenue in fiscal 2025?
Mueller Water Products (MWA) reported revenue of $1.43B for fiscal 2025.
What is Mueller Water Products' annual revenue history?
Mueller Water Products' annual revenue by fiscal year: 2020: $964.1M; 2021: $1.11B; 2022: $1.25B; 2023: $1.28B; 2024: $1.31B; 2025: $1.43B.
What was Mueller Water Products' net income in fiscal 2025?
Mueller Water Products reported net income of $191.7M for fiscal 2025.
What was Mueller Water Products' earnings per share (EPS) in fiscal 2025?
Mueller Water Products' diluted EPS was $1.22 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Mueller Water Products generate in fiscal 2025?
Mueller Water Products generated $172.0M of free cash flow in fiscal 2025.
What was Mueller Water Products' revenue last quarter?
In its most recent reported quarter (2026 Q3), Mueller Water Products reported revenue of $395.9M.
How much debt does Mueller Water Products have?
Mueller Water Products reported $451.6M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Mueller Water Products are outstanding?
Mueller Water Products reported a weighted average of 156.3 million basic shares outstanding in 2026 Q3.
What is Mueller Water Products' market cap?
Based on its latest closing price, Mueller Water Products (MWA) has a market capitalization of about $3.42B.
When does Mueller Water Products' fiscal year end?
Mueller Water Products' fiscal year end, as registered with the SEC, is September 30.
Where is Mueller Water Products headquartered?
Mueller Water Products lists its business address in Atlanta, Georgia in its SEC filings.
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