Zurn Elkay Water Solutions Corporation engages in design, procurement, manufacture, and marketing of water management solutions in the United States, Canada, and internationally. It offers water dispensing and filtration products, such as filtered bottle filling stations, water fountains and water dispensers, and filtered faucets under the Elkay and Halsey Taylor brand names; filtered units including water filters; and water safety and control products, such as backflow preventers, fire system valves, pressure reducing valves, and thermostatic mixing valves under the Zurn and Wilkins brand names. The company also provides flow systems products comprising point drains, hydrants, fixture carrier systems, and chemical drainage systems; and oil and grease interceptors and separators, acid neutralization systems, and remote monitoring systems under the Zurn, Green Turtle, and Wade brands. In addition, it offers sensor operated flush valves under the Aquaflush, AquaSense, and AquaVantage brands; heavy-duty commercial faucets under the AquaSpec brand; flush valves and faucets under the Hydro X Power brands; water conserving fixtures under the EcoVantage and Zurn One brands; stainless steel, quartz, fireclay-ceramic, and cast iron sinks under the Elkay brand name; stainless steel sinks and plumbing fixtures under the Just brand; restroom partition systems and lockers under the Hadrian brand name; and hand dryers. Further, the company offers its products to institutional, commercial, waterworks, and residential end markets through independent sales representatives, plumbing wholesalers, and industry-specific distributors in the waterworks, foodservice, industrial, janitorial, sanitation, and sitework industries. The company was formerly known as Zurn Water Solutions Corporation and changed its name to Zurn Elkay Water Solutions Corporation in July 2022. Zurn Elkay Water Solutions Corporation was founded in 1900 and is headquartered in Milwaukee, Wisconsin.
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 | $1.7B | $374M | $198M | $317M | 12.3% | 8.3% | 23.6% |
| 2024 | $1.6B | $328M | $160M | $272M | 10.1% | 2.4% | 42.1% |
| 2023 | $1.5B | $273M | $113M | $233M | 7.0% | 19.4% | 82.7% |
| 2022 | $1.3B | $165M | $62M | $89M | 3.8% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 1,281.80 | 1,530.50 | 1,566.50 | 1,695.90 |
| Operating Revenue | - | 1,281.80 | 1,530.50 | 1,566.50 | 1,695.90 |
| Cost Of Revenue | - | 816.30 | 882.40 | 859.50 | 931.10 |
| Gross Profit | - | 465.50 | 648.10 | 707 | 764.80 |
| Operating Expense | - | 343 | 430 | 448.90 | 476.30 |
| Selling General And Administration | - | 309 | 371.30 | 389.80 | 417.60 |
| Total Expenses | - | 1,159.30 | 1,312.40 | 1,308.40 | 1,407.40 |
| Operating Income | - | 122.50 | 218.10 | 258.10 | 288.50 |
| Total Operating Income As Reported | - | 107.10 | 191.40 | 244.60 | 278.90 |
| EBITDA | - | 165.20 | 273.20 | 328.40 | 373.60 |
| Normalized EBITDA | - | 180.60 | 300.80 | 341.90 | 383.20 |
| EBIT | - | 110.70 | 185.30 | 240.10 | 284.90 |
| Interest Expense | - | 26.90 | 38.50 | 33.10 | 28.60 |
| Net Interest Income | - | -26.90 | -38.50 | -33.10 | -28.60 |
| Other Non Operating Income Expenses | - | 3.60 | -5.20 | -4.50 | 6 |
| Other Income Expense | - | -11.80 | -32.80 | -18 | -3.60 |
| Interest Expense Non Operating | - | 26.90 | 38.50 | 33.10 | 28.60 |
| Net Non Operating Interest Income Expense | - | -26.90 | -38.50 | -33.10 | -28.60 |
| Pretax Income | - | 83.80 | 146.80 | 207 | 256.30 |
| Tax Provision | - | 26.80 | 42.60 | 48.10 | 63.90 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -4.93 | -8.01 | -3.13 | -2.39 |
| Net Income Continuous Operations | - | 57 | 104.20 | 158.90 | 192.40 |
| Net Income From Continuing And Discontinued Operation | - | 61.70 | 112.70 | 160.20 | 198 |
| Net Income From Continuing Operation Net Minority Interest | - | 57 | 104.20 | 158.90 | 192.40 |
| Net Income | - | 61.70 | 112.70 | 160.20 | 198 |
| Net Income Common Stockholders | - | 61.70 | 112.70 | 160.20 | 198 |
| Net Income Including Noncontrolling Interests | - | 61.70 | 112.70 | 160.20 | 198 |
| Normalized Income | - | 67.47 | 123.79 | 169.27 | 199.61 |
| Diluted NI Availto Com Stockholders | - | 61.70 | 112.70 | 160.20 | 198 |
| Basic Average Shares | - | 151.58 | 174.25 | 171.69 | 168.66 |
| Diluted Average Shares | - | 153.84 | 177.26 | 174.66 | 171.26 |
| Reconciled Depreciation | - | 54.50 | 87.90 | 88.30 | 88.70 |
| Reconciled Cost Of Revenue | - | 795.80 | 853.20 | 830.30 | 901.10 |
| Total Unusual Items | - | -15.40 | -27.60 | -13.50 | -9.60 |
| Total Unusual Items Excluding Goodwill | - | -15.40 | -27.60 | -13.50 | -9.60 |
| Net Income Discontinuous Operations | - | 4.70 | 8.50 | 1.30 | 5.60 |
| Special Income Charges | - | -15.40 | -27.60 | -13.50 | -9.60 |
| Gain On Sale Of Business | - | 0 | -11.40 | 0 | 0 |
| Other Special Charges | 20.40 | - | 0.90 | - | - |
| Restructuring And Mergern Acquisition | - | 15.40 | 15.30 | 13.50 | 9.60 |
| Depreciation Amortization Depletion Income Statement | - | 34 | 58.70 | 59.10 | 58.70 |
| Depreciation And Amortization In Income Statement | - | 34 | 58.70 | 59.10 | 58.70 |
| Amortization | - | 34 | 58.70 | 59.10 | 58.70 |
| Amortization Of Intangibles Income Statement | - | 34 | 58.70 | 59.10 | 58.70 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Zurn Elkay Water Solutions Corporationthis co. | ZWS | $7.9B | 40.15β premium | 4.96 | 12.3% | 21.96 |
| Builders FirstSource, Inc. | BLDR | $8.1B | 18.53 | 1.85 | 10.0% | 9.42 |
| Everus Construction Group, Inc. | ECG | $7.9B | 39.15 | 12.54 | 32.0% | 26.30 |
| A. O. Smith Corporation | AOS | $7.9B | 14.39 | 4.23 | 29.4% | 9.66 |
| Mercury Systems, Inc. |
| 2021 | - | - | - | - | - | - | - |
| MRCY |
| $7.1B |
| -186.64 |
| 4.80 |
| -2.6% |
| 113.93 |
| MYR Group Inc. | MYRG | $7.0B | 59.36 | 10.64 | 17.9% | 29.91 |
| Primoris Services Corporation | PRIM | $6.9B | 25.19 | 4.12 | 16.4% | 14.55 |
| Enpro Inc. | NPO | $6.7B | 165.58 | 4.34 | 2.6% | 37.34 |
| Pool Corporation | POOL | $6.7B | 16.43 | 5.63 | 34.3% | 12.83 |
| Peer Median | - | 21.86 | 4.57 | 17.1% | 20.42 | |