MARKETS / NYSE / MWA

NYSE · MISCELLANEOUS FABRICATED METAL PRODUCTS · LARGE CAP

Mueller Water Products, Inc. MWA

17 fiscal years on record · USD · FY2025 reported · SEC filings only

11 YEARS OF DIVIDEND GROWTH

Revenue

$1.4B

▲ 8.7% YoY

Net income

$191.7M

▲ 65.4% YoY

Free cash flow

$172.0M

▼ 10.1% YoY

In brief

What this company does

Mueller Water Products, Inc. manufactures and markets products and solutions used in the transmission, distribution and measurement of water in North America. Its consolidated net sales were $1,429.7 million in 2025. As of September 30, 2025, it employed approximately 3,500 people, 83% of whom work in the United States. It operates its business through two segments, Water Flow Solutions and Water Management Solutions. The Water Flow Solutions product portfolio includes iron gate valves, specialty valves and service brass products. Net sales of products in the Water Flow Solutions business unit were approximately 58% of fiscal 2025 consolidated net sales. The Water Management Solutions product and service portfolio includes fire hydrants, repair and installation, natural gas, metering, leak detection, as well as pressure management and control products and solutions. Net sales of products and services in the Water Management Solutions business unit were approximately 42% of fiscal 2025 consolidated net sales.

Written from the business description in Mueller Water Products, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 19 November 2025. Every sentence was checked against that document before publication.

Growth

USD 1.4B

Revenue, FY2025 · full 17-year series below

Revenue $B Net income $B

FY2025 · Revenue 1.4 · Net income 0.2

Compound annual growth

Revenue

+4.7%

+8.2%

+6.1%

+2.7%

Net income

+35.8%

+21.6%

+20.0%

EPS, diluted

+36.5%

+20.4%

Dividend / share

+4.9%

+5.0%

+13.6%

Returned to shareholders

−9.1%

+8.6%

+14.3%

+11.1%

3 yrs

5 yrs

10 yrs

15 yrs

Revenue compounded at +8.2% a year over five years — but profit grew faster: net income at +21.6%.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

13 cents

of every revenue dollar became profit

Operating margin Net margin

FY2025 · Operating 18.2% · Net 13.4%

ROE

FY2025 · ROE 21.4%

Gross margin36.1%

Operating margin18.2%

Net margin13.4%

Return on assets11.0%

EBITDAUSD 307.5M

Each USD of equity produced 21 cents of profit this year.

Cash & shareholders

USD 52.2M

returned in FY2025 · dividends + net buybacks

Free cash flow $M

FY2025 · FCF 172.0

Net buybacks $M Dividends $M

FY2025 · Dividends 41.9 · Net buybacks 10.3

Dividends paidUSD 41.9M

Net buybacksUSD 10.3M

Share of profit27.2%

Consecutive raises11 years

USD 41.9M in dividends and USD 10.3M in buybacks — 27% of the year's profit went back to shareholders.

Total assetsUSD 1.8B

EquityUSD 981.7M

CashUSD 431.5M

Gross debtUSD 451.6M

Net debtUSD 20.1M

Current ratio3.54×

Net debt stands at 2% of equity.

The 17-year record

17 fiscal years

Every figure from documents filed with the SEC · USD

row low → row highnegative

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Revenue $B	1.4	1.3	1.3	1.2	1.1	1.0	1.0	0.9	0.8	0.8	0.8	1.2	1.1	1.0	1.0	1.0	1.4
Operating income $B	0.3	0.2	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	−1.0
EBITDA $B	0.3	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.1	0.2	0.1	0.2	0.2	0.1	0.1	0.1	−0.9
Income tax $B	0.1	0.0	0.0	0.0	0.0	0.0	0.0	−0.0	0.0	0.0	0.0	0.0	0.0	0.0	−0.0	0.0	−0.1
Net income $B	0.2	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.0	0.1	0.0	−0.1	−0.0	−0.0	−1.0
Free cash flow $B	0.2	0.2	0.1	−0.0	0.1	0.1	0.0	0.1	0.0	0.1	0.0	0.1	0.1	0.0	0.0	0.1	0.1
EPS, diluted $	1.22	0.74	0.55	0.48	0.44	·	0.40	0.66	0.76	0.39	0.19	0.34	0.25	−0.69	−0.25	−0.29	−8.55
Dividend / sh $	0.27	0.26	0.24	0.23	0.22	0.21	0.20	0.19	0.15	0.10	0.07	0.07	0.07	0.07	0.07	0.00	0.07
Payout %	22	34	45	48	49	46	50	29	19	25	39	20	27	−10	−29	−24	−1
ROE %	21.4	15.2	12.4	11.2	10.5	11.7	11.1	20.1	27.2	16.3	8.6	16.4	14.6	−35.5	−9.7	−10.7	−228.4
Shares out B	0.16	0.16	0.16	0.16	0.16	0.16	0.16	0.16	0.16	0.16	0.16	0.16	0.16	0.16	0.16	0.15	0.15

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance

Company facts, as filed

How we verify · 0 failures in 82 reconciliationsAUDITED

Reconciled in 17 of 19 fiscal years. 13 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures

ActivityMiscellaneous Fabricated Metal Products

Listed onNYSE

Incorporated inDelaware

Fiscal year endsSeptember 30

Data on record since2009