MARKETS / NYSE / ZWS

NYSE · GENERAL INDUSTRIAL MACHINERY & EQUIPMENT · LARGE CAP

Zurn Elkay Water Solutions Corp. ZWS

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

3 YEARS OF DIVIDEND GROWTH

Revenue

$1.7B

▲ 8.3% YoY

Net income

$198.0M

▲ 23.6% YoY

In brief

What this company does

Its product portfolio includes professional grade water safety and control products, flow systems products, hygienic and environmental products, and filtered drinking water products for public and private spaces. Its products are marketed and sold under brand names including Zurn, Elkay, Wilkins, Green Turtle, World Dryer, StainlessDrains.com, JUST, Hadrian, Wade and Halsey Taylor. Its physical footprint encompasses 21 principal manufacturing and warehouse facilities located primarily in North America. As of December 31, 2025, it had approximately 2,600 employees, of whom approximately 2,000 were employed in the United States. It utilizes a sales and marketing network that, in North America, consists of approximately 1,000 independent sales representatives across 120 sales agencies. Zurn Water Solutions Corporation agreed on February 12, 2022 to combine with Elkay Manufacturing Company, and upon completion of the merger on July 1, 2022 the Company changed its name to Zurn Elkay Water Solutions Corporation. On October 4, 2021, the Company completed a Reverse Morris Trust tax-free spin-off transaction in which its former Process & Motion Control business was divested to Regal Rexnord Corporation.

Written from the business description in ZURN ELKAY WATER SOLUTIONS CORPORATION's annual report to the U.S. Securities and Exchange Commission, filed 9 February 2026. Every sentence was checked against that document before publication.

Growth

USD 1.7B

Revenue, FY2025 · full 17-year series below

Revenue $B Net income $B

FY2025 · Revenue 1.7 · Net income 0.2

Compound annual growth

Revenue

+9.8%

+17.8%

−1.3%

+0.1%

Net income

+47.5%

+6.2%

+11.3%

EPS, diluted

+42.2%

Dividend / share

+23.9%

Returned to shareholders

+59.9%

+9.7%

+20.4%

+43.4%

3 yrs

5 yrs

10 yrs

15 yrs

Revenue compounded at +17.8% a year over five years — but profit grew slower: net income at +6.2%.

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

12 cents

of every revenue dollar became profit

Operating margin Net margin

FY2025 · Operating 16.4% · Net 11.7%

ROE

FY2025 · ROE 12.4%

Gross margin45.1%

Operating margin16.4%

Net margin11.7%

Return on assets7.4%

EBITDAUSD 308.9M

Each USD of equity produced 12 cents of profit this year.

Cash & shareholders

USD 223.8M

returned in FY2025 · dividends + net buybacks

Free cash flow $M

FY2019 · FCF 257.2

Net buybacks $M Dividends $M

FY2025 · Dividends 63.9 · Net buybacks 159.9

Dividends paidUSD 63.9M

Net buybacksUSD 159.9M

Share of profit113.0%

Consecutive raises3 years (since the 2022 share-count change)

USD 63.9M in dividends and USD 159.9M in buybacks — 113% of the year's profit, so the payout drew on cash built up earlier.

Total assetsUSD 2.7B

EquityUSD 1.6B

CashUSD 300.5M

Gross debtUSD 496.5M

Net debtUSD 196.0M

Current ratio3.13×

Net debt stands at 12% of equity.

The 17-year record

17 fiscal years

Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Revenue $B	1.7	1.6	1.5	1.3	0.9	0.7	0.7	2.1	1.9	1.7	1.9	2.1	2.0	1.9	1.9	1.7	1.5
Operating income $B	0.3	0.2	0.2	0.1	0.1	0.1	0.1	0.3	0.3	0.2	0.2	0.2	0.3	0.2	0.2	0.2	0.2
EBITDA $B	0.3	0.3	0.2	0.1	0.2	0.2	0.2	0.4	0.3	0.3	0.3	0.3	0.4	0.4	0.4	0.3	0.2
Income tax $B	0.1	0.0	0.0	0.0	0.0	0.0	0.0	0.1	−0.0	0.0	0.0	0.0	−0.0	0.0	0.0	−0.0	0.0
Net income $B	0.2	0.2	0.1	0.1	0.1	0.1	0.2	0.0	0.1	0.1	0.1	0.1	0.0	0.1	0.0	−0.1	0.1
Free cash flow $B	·	·	·	·	·	·	0.3	0.2	0.2	0.1	0.2	0.2	0.1	0.1	0.1	0.1	0.1
EPS, diluted $	1.15	0.92	0.64	0.40	0.97	1.19	1.45	0.28	0.62	0.64	0.66	0.80	0.30	0.50	0.42	−0.77	1.27
Dividend / sh $	0.38	0.33	0.29	0.20	0.30	·	0.08	·	·	·	·	·	·	·	·	·	·
Payout %	32	35	45	53	30	26	5	0	0	·	·	·	·	·	·	·	·
ROE %	12.4	10.0	7.0	7.1	15.4	10.7	14.2	2.8	6.6	8.9	11.9	15.0	6.1	28.7	·	·	·
Shares out B	0.17	0.17	0.17	0.18	0.13	0.12	0.12	0.10	0.10	0.10	0.10	·	·	·	0.07	·	·

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 83 reconciliationsAUDITED

Reconciled in 17 of 19 fiscal years. 12 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures

ActivityGeneral Industrial Machinery & Equipment

Listed onNYSE

Incorporated inDelaware

Fiscal year endsDecember 31

Data on record since2009