Mueller Water Products, Inc. manufactures and markets products and services for the transmission, distribution, and measurement of water used by municipalities, and the residential and non-residential construction industries in the United States, Canada, and internationally. It operates in two segments, Water Flow Solutions and Water Management Solutions. The Water Flow Solutions segment provides valves for water systems, such as iron gate, butterfly, tapping, check, knife, plug, and ball valves, which are used to control distribution and transmission of potable water and non-potable water, as well as in water transmission or distribution, water treatment facilities, or industrial applications. It also offers service brass products. The Water Management Solutions segment offers dry-barrel and wet-barrel fire hydrants for water infrastructure development; fire protection systems, and water infrastructure repair and replacement projects; pipe repair products, such as couplings, grips, and clamps used to repair leaks; residential, fire protection, and commercial water metering products and systems; water leak detection and pipe condition assessment products and services; machines and tools for tapping, drilling, extracting, installing, and stopping-off; gas valve products for use in gas distribution systems; and intelligent water solutions, including pressure control valves, advanced pressure management, network analytics, event management, and date logging. It sells its products under the Canada Valve, Centurion, Ez-Max, Hydro Gate, Hydro-Guard, HYMAX, HYMAX VERSA, Jones, Krausz, Milliken, Mueller Systems, Mueller, Pratt, Pratt Industrial, Repamax, Repaflex, Singer, Echologics, Echoshore, ePulse, Hersey, LeakFinderRT, Sentryx, and U.S. Pipe Valve and Hydrant brands. Mueller Water Products, Inc. was founded in 1857 and is headquartered in Atlanta, Georgia.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $1.4B | $320M | $192M | $172M | 19.5% | 8.7% | 65.4% |
| 2024 | $1.3B | $250M | $116M | $191M | 14.3% | 3.1% | 35.6% |
| 2023 | $1.3B | $189M | $86M | $61M | 12.0% | 2.3% | 11.6% |
| 2022 | $1.2B | $176M | $77M | $-2M | 11.4% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 1,247.40 | 1,275.70 | 1,314.70 | 1,429.70 |
| Operating Revenue | - | 1,247.40 | 1,275.70 | 1,314.70 | 1,429.70 |
| Cost Of Revenue | - | 883.10 | 896.20 | 855.70 | 913 |
| Gross Profit | - | 364.30 | 379.50 | 459 | 516.70 |
| Operating Expense | - | 238.70 | 241.90 | 245.20 | 247.30 |
| Selling General And Administration | - | 238.70 | 241.90 | 245.20 | 247.30 |
| Total Expenses | - | 1,121.80 | 1,138.10 | 1,100.90 | 1,160.30 |
| Operating Income | - | 125.60 | 137.60 | 213.80 | 269.40 |
| Total Operating Income As Reported | - | 111.60 | 127.40 | 181.70 | 260.60 |
| EBITDA | - | 175.70 | 188.90 | 250.10 | 320.10 |
| Normalized EBITDA | - | 189.70 | 199.10 | 282.20 | 328.90 |
| EBIT | - | 115.20 | 126.40 | 183.90 | 273.20 |
| Interest Income | - | 0.70 | 3.70 | 8.80 | 13.40 |
| Interest Expense | - | 16.60 | 17.40 | 20.50 | 19 |
| Net Interest Income | - | -16.90 | -14.70 | -12.70 | -6.60 |
| Other Non Operating Income Expenses | - | 3.90 | -3.70 | -5.60 | 0.20 |
| Other Income Expense | - | -10.10 | -13.90 | -37.70 | -8.60 |
| Interest Income Non Operating | - | 0.70 | 3.70 | 8.80 | 13.40 |
| Interest Expense Non Operating | - | 16.60 | 17.40 | 20.50 | 19 |
| Net Non Operating Interest Income Expense | - | -16.90 | -14.70 | -12.70 | -6.60 |
| Pretax Income | - | 98.60 | 109 | 163.40 | 254.20 |
| Tax Provision | - | 22 | 23.50 | 47.50 | 62.50 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -3.12 | -2.20 | -9.34 | -2.16 |
| Net Income Continuous Operations | - | 76.60 | 85.50 | 115.90 | 191.70 |
| Net Income From Continuing And Discontinued Operation | - | 76.60 | 85.50 | 115.90 | 191.70 |
| Net Income From Continuing Operation Net Minority Interest | - | 76.60 | 85.50 | 115.90 | 191.70 |
| Net Income | - | 76.60 | 85.50 | 115.90 | 191.70 |
| Net Income Common Stockholders | - | 76.60 | 85.50 | 115.90 | 191.70 |
| Net Income Including Noncontrolling Interests | - | 76.60 | 85.50 | 115.90 | 191.70 |
| Normalized Income | - | 87.48 | 93.50 | 138.66 | 198.34 |
| Diluted NI Availto Com Stockholders | - | 76.60 | 85.50 | 115.90 | 191.70 |
| Basic Average Shares | - | 157.40 | 156.30 | 155.90 | 156.40 |
| Diluted Average Shares | - | 158 | 156.80 | 156.90 | 157.50 |
| Reconciled Depreciation | - | 60.50 | 62.50 | 66.20 | 46.90 |
| Reconciled Cost Of Revenue | - | 883.10 | 896.20 | 855.70 | 913 |
| Total Unusual Items | - | -14 | -10.20 | -32.10 | -8.80 |
| Total Unusual Items Excluding Goodwill | - | -14 | -10.20 | -32.10 | -8.80 |
| Special Income Charges | - | -14 | -10.20 | -32.10 | -8.80 |
| Other Special Charges | 16.70 | - | - | - | - |
| Impairment Of Capital Assets | - | 6.80 | 0 | 16.30 | 0 |
| Restructuring And Mergern Acquisition | - | 7.20 | 10.20 | 15.80 | 8.80 |
| Gain On Sale Of Ppe | 0 | - | - | - | - |
| Total Other Finance Cost | - | 1 | 1 | 1 | 1 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Mueller Water Products, Inc.this co. | MWA | $3.9B | 20.48β discount | 4.00 | 19.5% | 12.33 |
| Franklin Electric Co., Inc. | FELE | $4.3B | 29.58 | 3.28 | 11.1% | 16.66 |
| Brady Corporation | BRC | $4.2B | 22.18 | 3.52 | 15.9% | 14.80 |
| AZZ Inc. | AZZ | $4.2B | 13.10 | 3.11 | 23.7% | 8.29 |
| Griffon Corporation | GFF | $3.9B |
| - |
| - |
| - |
| - |
| - |
| - |
| 77.09 |
| 53.26 |
| 69.1% |
| 18.97 |
| Korn Ferry | KFY | $3.7B | 14.92 | 1.97 | 13.2% | 7.26 |
| Otter Tail Corporation | OTTR | $3.6B | 13.16 | 1.95 | 14.8% | 8.92 |
| Standex International Corporation | SXI | $3.6B | 64.67 | 5.07 | 7.8% | 32.03 |
| Kadant Inc. | KAI | $3.6B | 35.19 | 3.66 | 10.4% | 18.27 |
| Peer Median | - | 25.88 | 3.40 | 14.0% | 15.73 | |