What is Mueller Water Products's net debt?

Mueller Water Products (MWA) reported net debt of $31.4M in Q1 2026.

How has Mueller Water Products's net debt changed year-over-year?

Mueller Water Products's net debt decreased by 75.3% year-over-year, from $127.2M to $31.4M.

What is the long-term trend for Mueller Water Products's net debt?

Over 5 years (2020 to 2025), Mueller Water Products's net debt has grown at a -27.8% compound annual growth rate (CAGR), from $268.5M to $52.6M.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

Mueller Water Products MWA Net debt

Discontinued — last reported Q2 '26

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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$4.09B+8.0%

Enterprise value$4.12B+5.4%

P/E19.7×-6.6×

P/S2.8×0.0×

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.

$452.4Mtotal debt−$421.0Mcash and equivalents=$31.4M

The official record: Mueller Water Products’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Mueller Water Products's net debt?: Mueller Water Products (MWA) reported net debt of $31.4M in Q1 2026.
How has Mueller Water Products's net debt changed year-over-year?: Mueller Water Products's net debt decreased by 75.3% year-over-year, from $127.2M to $31.4M.
What is the long-term trend for Mueller Water Products's net debt?: Over 5 years (2020 to 2025), Mueller Water Products's net debt has grown at a -27.8% compound annual growth rate (CAGR), from $268.5M to $52.6M.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.