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Segments

By segment

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Water Flow Solutions$87.1M+13.1%
Water Management Solutions$57.4M+12.5%

Other financials

Income statement

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Revenue$384.4M+5.5%
Operating income$80.4M+15.0%
Net income$59.1M+15.2%
EPS (diluted)$0.38+15.2%

Balance sheet

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Cash & equivalents$421.0M+27.9%
Total debt$452.4M-0.9%
Total equity$981.7M+21.2%
Total assets$1.9B+12.8%

Cash flow

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Operating cash flow$61.2M+13.1%
CapEx$14.7M+59.8%
Free cash flow$44.0M+4.3%

Valuation

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Market cap$4.24B+4.6%
Enterprise value$4.27B+3.2%
P/E20.4×-6.7×
P/S2.9×0.0×

Profitability

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Gross margin37.6%+3.1pp
Operating margin19.2%+3.7pp
Net margin14.2%+3.7pp
FCF margin12%-1.7pp

Returns & leverage

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Return on equity21.4%+6.2pp
Debt / equity0.5×-0.1×
Current ratio4.6×+0.8×

Where this comes from

Calculated from Mueller Water Products’s reported figures.

The source filing: Mueller Water Products’s 10-Q, filed May 6, 2026.

Filed
May 6, 2026, 2:47 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q1 2026
Accession
0001350593-26-000024
Line itemThree months ended / March 31, 2026Three months ended / March 31, 2025Six months ended / March 31, 2026Six months ended / March 31, 2025
Net sales$384.4$364.3$702.6$668.6
Cost of sales239.9236.3438.3437.6
Gross profit144.5128.0264.3231.0
Operating expenses:
Selling, general and administrative59.755.7119.5109.6
Strategic reorganization and other charges4.42.47.74.1
Total operating expenses64.158.1127.2113.7
Operating income80.469.9137.1117.3

Item 1. FINANCIAL STATEMENTS

FAQ

What is Mueller Water Products's gross profit?
Mueller Water Products (MWA) reported gross profit of $144.5M in Q1 2026.
How has Mueller Water Products's gross profit changed year-over-year?
Mueller Water Products's gross profit increased by 12.9% year-over-year, from $128M to $144.5M.
What is the long-term trend for Mueller Water Products's gross profit?
Over 4 years (2021 to 2025), Mueller Water Products's gross profit has grown at a 9.6% compound annual growth rate (CAGR), from $358.5M to $516.7M.
What does gross profit mean?
Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.

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