MWA
Mueller Water Products
NYSE: MWA · INDUSTRIALS · SPECIALTY INDUSTRIAL MACHINERY
$27.39
-1.81% today
Updated 2026-05-01
Market cap
$4.33B
P/E ratio
21.81
P/S ratio
3.00x
EPS (TTM)
$1.27
Dividend yield
0.96%
52W range
$23 – $31
Volume
1.1M
Mueller Water Products (MWA) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.93B | $1.85B | $1.86B | $1.43B | $1.34B | $1.34B | $1.02B | $1.12B | $1.18B | $1.16B | $800.60M | $826.00M | $916.00M | $968.00M | $964.10M | $1.11B | $1.25B | $1.28B | $1.31B | $1.43B |
| Revenue growth (YoY) | — | -4.4% | +0.6% | -23.2% | -6.3% | +0.1% | -23.5% | +9.5% | +5.7% | -1.7% | -31.2% | +3.2% | +10.9% | +5.7% | -0.4% | +15.2% | +12.3% | +2.3% | +3.1% | +8.7% |
| Cost of revenue | $1.53B | $1.39B | $1.42B | $1.17B | $1.10B | $1.10B | $752.80M | $807.60M | $836.80M | $817.20M | $532.70M | $558.50M | $626.10M | $647.10M | $635.90M | $752.50M | $883.10M | $896.20M | $855.70M | $913.00M |
| Gross profit | $407.70M | $463.20M | $439.00M | $256.90M | $236.40M | $236.40M | $271.10M | $313.20M | $347.90M | $347.30M | $267.90M | $267.50M | $289.90M | $320.90M | $328.20M | $358.50M | $364.30M | $379.50M | $459.00M | $516.70M |
| Gross margin | 21.1% | 25.1% | 23.6% | 18.0% | 17.7% | 17.7% | 26.5% | 27.9% | 29.4% | 29.8% | 33.5% | 32.4% | 31.6% | 33.2% | 34.0% | 32.3% | 29.2% | 29.7% | 34.9% | 36.1% |
| R&D | $5.70M | $4.60M | $5.70M | $6.90M | $8.00M | $10.10M | $14.20M | $17.10M | $15.50M | $13.70M | $12.90M | $12.10M | $11.60M | $14.30M | $15.00M | $17.10M | $24.50M | $28.80M | — | — |
| SG&A | $250.10M | $253.20M | $274.60M | $239.10M | $219.30M | $219.90M | $204.20M | $209.40M | $218.50M | $142.70M | $151.20M | $156.40M | $160.60M | $176.00M | $195.10M | $212.30M | $233.20M | $215.00M | $222.90M | $247.30M |
| Operating income | $129.00M | $210.00M | $146.10M | $-1.00B | $4.00M | $10.00M | $64.10M | $97.30M | $124.10M | $109.60M | $92.90M | $100.70M | $121.70M | $124.30M | $116.80M | $131.70M | $111.60M | $127.40M | $181.70M | $260.60M |
| Operating margin | 6.7% | 11.4% | 7.9% | -70.1% | 0.3% | 0.7% | 6.3% | 8.7% | 10.5% | 9.4% | 11.6% | 12.2% | 13.3% | 12.8% | 12.1% | 11.9% | 8.9% | 10.0% | 13.8% | 18.2% |
| EBITDA | $266.10M | $350.40M | $243.30M | $-912.80M | $84.30M | $80.60M | $123.50M | $158.00M | $180.20M | $136.70M | $145.50M | $142.60M | $164.10M | $157.30M | $177.30M | $177.20M | $175.70M | $188.90M | $250.10M | $300.50M |
| EBITDA margin | 13.8% | 19.0% | 13.1% | -63.9% | 6.3% | 6.0% | 12.1% | 14.1% | 15.2% | 11.7% | 18.2% | 17.3% | 17.9% | 16.3% | 18.4% | 15.9% | 14.1% | 14.8% | 19.0% | 21.0% |
| EBIT | $166.10M | $246.50M | $150.20M | $-1.00B | $-300000.00 | $-1.00M | $62.90M | $98.80M | $123.50M | $78.60M | $92.90M | $100.70M | $120.40M | $104.30M | $119.50M | $117.60M | $115.20M | $126.40M | $183.90M | $260.80M |
| Interest expense | $173.10M | $232.80M | $109.00M | $78.30M | $36.60M | $65.60M | $60.20M | $51.70M | $49.60M | $27.60M | $23.60M | $22.30M | $24.70M | $23.30M | $26.60M | $23.80M | $17.60M | $18.40M | $21.50M | $20.00M |
| Income tax | $8.00M | $38.50M | $31.70M | $-86.30M | $-23.40M | $-19.50M | $8.20M | $8.80M | $18.00M | $19.80M | $24.20M | $24.20M | $-9.90M | $18.30M | $22.10M | $24.50M | $22.00M | $23.50M | $47.50M | $62.50M |
| Effective tax rate | 61.1% | 44.4% | 43.0% | 8.0% | 34.1% | 35.1% | -8.2% | 17.7% | 24.5% | 39.1% | 27.5% | 16.4% | -10.3% | 22.3% | 23.5% | 25.8% | 22.3% | 21.6% | 29.1% | 24.6% |
| Net income | $5.10M | $48.20M | $42.00M | $-996.70M | $-45.20M | $-36.10M | $-107.90M | $40.80M | $55.50M | $30.90M | $63.90M | $123.30M | $105.60M | $63.80M | $72.00M | $70.40M | $76.60M | $85.50M | $115.90M | $191.70M |
| Net income growth (YoY) | — | +845.1% | -12.9% | -2473.1% | +95.5% | +20.1% | -198.9% | +137.8% | +36.0% | -44.3% | +106.8% | +93.0% | -14.4% | -39.6% | +12.9% | -2.2% | +8.8% | +11.6% | +35.6% | +65.4% |
| Profit margin | 0.3% | 2.6% | 2.3% | -69.8% | -3.4% | -2.7% | -10.5% | 3.6% | 4.7% | 2.7% | 8.0% | 14.9% | 11.5% | 6.6% | 7.5% | 6.3% | 6.1% | 6.7% | 8.8% | 13.4% |