MWANYSEMiscellaneous Fabricated Metal ProductsFiscal year ends September 30
Mueller Water Products, Inc.
Financials through Q3 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026
$21.75−0.02 (-0.09%)
Close on Oct 19, 2026
- Market cap
- $3.42B
- P/E (TTM)
- 15.4
- Dividend yield
- 1.23%
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
36.1%+2.1 pts over 5 years
Operating margin
18.2%+6.1 pts over 5 years
Net margin
13.4%+5.9 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +8.7% | +4.7% | +8.2% | +6.1% | |
| Gross profit | +12.6% | +12.4% | +9.5% | +7.7% | |
| Operating income | +43.4% | +32.7% | +17.4% | +12.6% | |
| Net income | +65.4% | +35.8% | +21.6% | +20.0% | |
| EPS, diluted | +64.9% | +36.5% | – | +20.4% | |
| Free cash flow | -10.1% | – | +18.8% | +18.7% | |
| Dividend per share | +4.7% | +4.9% | +5.0% | +13.6% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 16.3% | 11.7% | 21.4% | |
| Return on assets | 5.1% | 5.3% | 11.0% | |
| Current ratio | 3.30 | 3.75 | 3.54 | |
| Debt to equity | 1.16 | 0.70 | 0.46 | |
| Net debt to EBITDA | 1.91× | 1.37× | 0.07× | |
| Interest coverage | 4.7× | 4.4× | 13.0× | |
| Inventory turnover | 3.0× | 3.6× | 2.9× | |
| Capex to revenue | 3.9% | 7.0% | 3.3% | |
| Diluted shares | 163M | 159M | 158M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Mueller Water Products generated $776.10M from operations and spent $530.90M on capital expenditure, dividends and share buybacks. 49% of that went back into the business.
Generated
$776.10M
Used
$530.90M
Capital expenditure$259.70M49%Dividends$191.20M36%Share buybacks$80.00M15%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin13.4%
×Asset turnover0.82×
×Equity multiplier1.94×
=Return on equity, FY202521.4%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 13.4% | 0.82× | 1.94× | 21.4% |
| FY2024 | 8.8% | 0.84× | 2.06× | 15.2% |
| FY2023 | 6.7% | 0.85× | 2.17× | 12.4% |
| FY2022 | 6.1% | 0.83× | 2.21× | 11.2% |
| FY2021 | 6.3% | 0.76× | 2.18× | 10.5% |
| FY2020 | 7.5% | 0.71× | 2.22× | 11.7% |
| FY2019 | 6.6% | 0.74× | 2.28× | 11.1% |
| FY2018 | 11.5% | 0.72× | 2.42× | 20.1% |
| FY2017 | 14.9% | 0.65× | 2.80× | 27.2% |
| FY2016 | 8.0% | 0.64× | 3.20× | 16.3% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
8of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$191.70M
- Cash generatingOperating cash flow above zero$219.30M
- Return on assets improvedROA up on the prior year7.7% → 11.7%
- Earnings backed by cashOperating cash flow above net income$219.30M vs $191.70M
- Less leverageLong-term debt to assets fell27.4% → 24.5%
- Better liquidityCurrent ratio rose3.33 → 3.54
- No dilutionShare count did not rise157M → 158M
- Gross margin improvedGross margin up on the prior year34.91% → 36.14%
- More efficientAsset turnover rose0.87 → 0.87