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Xylem XYL Depreciation, Excluding Lessor Asset under Operating Lease

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Other financials

Income statement

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Revenue$2.3B+1.5%
Gross profit$963.0M+8.0%
Operating income$390.0M+27.9%
Net income$263.0M+16.4%
EPS (diluted)$1.11+19.4%

Balance sheet

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Cash & equivalents$1.3B+9.1%
Total debt$3.6B+63.6%
Total equity$10.4B-5.9%
Total assets$17.3B+0.9%

Cash flow

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Operating cash flow$290.0M-4.9%
CapEx$89.0M-9.2%
Free cash flow$201.0M-2.9%

Valuation

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Market cap$28.54B-18.3%
Enterprise value$30.85B-14.2%
P/E28×-9.2×
P/S3.1×-0.9×

Profitability

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Gross margin39.2%+1.4pp
Operating margin14.5%+2.1pp
Net margin11.2%+0.4pp
FCF margin10.5%+0.4pp

Returns & leverage

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Return on equity9.5%+0.7pp
Debt / equity0.3×+0.1×
Current ratio1.6×-0.3×

Where this comes from

Reported directly by Xylem in its filing.

Tagged under the XBRL concept us-gaap:DepreciationExcludingLessorAssetUnderOperatingLease.

The source filing: Xylem’s 10-K, filed February 25, 2026.

Filed
Feb 25, 2026, 1:36 PM EST
Fiscal year
FY2025
Accession
0001524472-26-000012

Depreciation expense related to property, plant and equipment was $231 million, $230 million, and $177 million for 2025, 2024, and 2023, respectively.

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FAQ

What is Xylem's depreciation, excluding lessor asset under operating lease?
Xylem (XYL) reported depreciation, excluding lessor asset under operating lease of $57.75M in Q4 2025.
How has Xylem's depreciation, excluding lessor asset under operating lease changed year-over-year?
Xylem's depreciation, excluding lessor asset under operating lease increased by 0.4% year-over-year, from $57.5M to $57.75M.
What is the long-term trend for Xylem's depreciation, excluding lessor asset under operating lease?
Over 4 years (2021 to 2025), Xylem's depreciation, excluding lessor asset under operating lease has grown at a 18.3% compound annual growth rate (CAGR), from $118M to $231M.
What does depreciation, excluding lessor asset under operating lease mean?
This metric represents the periodic expense allocated to the cost of tangible assets, excluding assets leased to others under operating leases. It reflects the systematic consumption of the company's productive assets over their useful lives. This is a core component of non-cash operating expenses.

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