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Segments

By segment

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Water Flow Solutions$243M
Water Management Solutions$142.4M

Other financials

Income statement

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Revenue$384.4M+5.5%
Gross profit$144.5M+12.9%
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

Reported directly by Mueller Water Products in its filing.

Tagged under the XBRL concept us-gaap:InventoryNet.

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 itemMarch 31, 2026September 30, 2025
Assets:
Cash and cash equivalents$421.0$431.5
Receivables, net of allowance for credit losses of $3.2 million and $3.6 million208.6211.9
Inventories, net385.4328.7
Other current assets51.056.8
Total current assets1,066.01,028.9
Property, plant and equipment, net343.7335.7
Intangible assets, net305.7307.3

Item 1. FINANCIAL STATEMENTS

FAQ

What is Mueller Water Products's inventories?
Mueller Water Products (MWA) reported inventories of $385.4M in Q1 2026.
How has Mueller Water Products's inventories changed year-over-year?
Mueller Water Products's inventories increased by 26.2% year-over-year, from $305.5M to $385.4M.
What is the long-term trend for Mueller Water Products's inventories?
Over 4 years (2021 to 2025), Mueller Water Products's inventories has grown at a 15.5% compound annual growth rate (CAGR), from $184.7M to $328.7M.
What does inventories mean?
Total inventory including raw materials, work-in-progress, and finished goods, valued at the lower of cost or net realizable value.

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