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Mueller Water Products, Inc. (MWA) stock

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NYSE: MWA NYSE Industrial Machinery & Supplies & Components Next results ~November 4, 2026

C+ Fundamentals grade

Mueller Water Products, Inc. is a US-listed company in the industrial machinery & supplies & components industry. Its financial year ends in September.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$22

Cash-flow model

Base case. Range ~$17–$30 across our lower- and higher-growth cases (0.1%–10.1% a year).

Price vs value

Modestly overvalued

The price is inside our value range, 6% above our base value.

Price used: $23.72, November 3, 2026

Mueller Water Products, Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders2 buying, 6 selling5 purchases and 12 sales by directors and officers, last 12 monthsInsider trades
  • Funds209 adding, 195 cuttingOf 57 active managers that changed their stake, 26 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Mueller Water Products files

Where Mueller Water Products stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $1.48bn, up 5.9% on a year earlier, slower than the 6.6% growth a quarter earlier. Free-cash-flow margin held at 12.1%. Operating margin widened to 19.4% from 15.7%. Against its peers on growth, profitability, cash generation and balance sheet, it grades C. It passes 6 of our 7 financial-health checks. Our cash-flow model value is $23.07 a share, against a share price of $22.55. At that price, our model says the market is pricing in about 4.6% a year of cash-flow growth for five years, close to the 5.9% a year revenue growth it has delivered.

Source: 10-Q filed August 6, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 4, 2026 (estimated)

Mueller Water Products, Inc.'s trailing-twelve-month revenue grew 5.9% year on year, with a free-cash-flow margin of 12.1%. Where it stands out: days sales outstanding of 50 days ranks 11 of 65 industrial machinery & supplies & components companies we cover.

Our discounted-cash-flow model values the business at ~$22 per share in the base case (~$17–$30 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow grew 3.9% while net income grew 49.0%: a 45pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Margins widening. Operating margin is up 3.7 points on a year ago.
  • Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.

Things to watch

  • Results due soon. Results are expected around 5 November; the share price can move sharply on the day.

Latest results: FY2026 Q3

Filed August 6, 2026
Earnings per share
$0.50 against an average estimate of $0.39: beat by 27.4%
Revenue
$396m, up 4.1% on a year earlier
Share reaction
+1.8% in the first session after the results on August 5, 2026, against -0.4% for the S&P 500
Guidance given
consolidated net sales $1,470m to $1,480m (fiscal 2026); adjusted EBITDA $367m to $372m (fiscal 2026)
Next report
November 4, 2026; average EPS estimate $0.38

Mueller Water Products' figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-1.2%
  • 1 week+5.7%
  • 1 month+9.5%
  • This year+1.6%
  • 1 year-6.8%
  • 5 years+52.7%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$1.5B
Operating margin
19.4%
Net margin
15.0%
EPS (TTM, diluted)
$1.41

Growth

Revenue growth
+5.9%
Change in growth rate
−0.7 pts
Share count change
−0.0%

Cash

Free cash flow (TTM)
$180M
FCF margin
12.1%
Stock pay % of revenue
0.9%

Earnings

Last results
August 5, 2026
Next results (est.)
November 5, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Announcement
  2. Leadership
  3. Insider trade
  4. Results
  5. Guidance

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Mueller Water Products, Inc. valuation models and calculator

What the price is pricing in

The share price implies about 5.4% a year of cash-flow growth for five years.That is close to the 5.9% a year revenue growth Mueller Water Products has delivered.

  • Priced in5.4%
  • Last 12 months5.9%
  • 3 years a year4.2%
  • 5 years a year5.9%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($23.70, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Hold12-month view
12-month price target
~$22
Price used
$23.70close November 3, 2026
Implied change
▼ 5%
Uncertainty
Medium

How we got here: a discounted-cash-flow model of Mueller Water Products, Inc.'s free cash flow after stock-based pay with after-tax interest added back ($181M, FY2026 Q3 TTM), growing 2.6% and 4.3% in the next two years (forecasts, guidance and its record), then back to 5.1% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$17–~$30 ; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Mueller Water Products, Inc.'s free cash flow after stock-based pay ( $181M, FY2026 Q3 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Mueller Water Products, Inc. as an operating company, with every model that fits that kind of business. Cost of equity 9.3%: the 10-year Treasury yield (4.9%) plus a beta of 0.98 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$22 ~$17–$30 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$27 ~$25–$36 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$14 ~$10–$19 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$14 ~$12–$17 Included
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$20 ~$14–$27 4 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Mueller Water Products, Inc. with Industrial Machinery & Supplies & Components in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −25%
  • Revenue growth 5 points higher ▲ +32%
  • Free-cash-flow margin 1 point lower ▼ −8%
  • Last year's free-cash-flow margin change, if it persists ▼ −2%
  • Discount rate 1 point higher ▼ −15%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $17$23$31$41$55$73
8.5% $13$17$23$31$40$53
10% $11$14$18$24$32$41

Valuation multiples over time Market data may be delayed

At fiscal year end 2016201720182019202020212022202320242025Now
Share price$10.71$11.06$10.11$10.07$9.50$14.14$9.71$12.21$21.25$25.25$24.02
Market value$1.7bn$1.8bn$1.6bn$1.6bn$1.5bn$2.3bn$1.5bn$1.9bn$3.3bn$4.0bn$3.8bn
+ Net debt (− = net cash)$296m$125m$105m$275m$244m$225m$305m$291m$143m$23m−$40m
Enterprise value$2.0bn$1.9bn$1.7bn$1.9bn$1.7bn$2.5bn$1.8bn$2.2bn$3.5bn$4.0bn$3.7bn
Multiples
Price / sales 2.2x2.2x1.8x1.7x1.6x2.0x1.2x1.5x2.5x2.8x2.6x
Price / earnings 27.4x14.5x15.3x25.1x20.9x32.0x20.0x22.4x28.8x20.7x17.0x
Price / free cash flow 21.1x95.2x20.9xn/m20.7x24.0x—31.2x17.4x23.1x21.1x
EV / EBITDA 13.5x13.3x10.4x10.6x10.0x12.9x10.7x11.6x14.0x13.0x11.1x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

68 /100

Moderate moat

How hard Mueller Water Products's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 14 / 20

    Cash operating profit has been a median 11.3% of total assets over 10 years.

  • Pricing power 12 / 20

    Gross margin has been a median 33.4%, moving by 2.4 percentage points (standard deviation) across 10 years.

  • Durability 13 / 20

    Operating margin has been a median 13.1%; its worst year was 8.7%.

  • Cash conversion 12 / 20

    Free cash flow was positive in 9 of 10 years, at a median 6.9% of revenue.

  • Discipline 17 / 20

    The diluted share count fell 1.0% over five years; stock-based pay has been a median 0.8% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 4, 2026, after the close. Analysts expect revenue of $376m and EPS of $0.38 (range $0.36 to $0.39) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $1.56 +20% $1.5bn +3%
Next $1.57 +0% $1.5bn +3%

Next year's EPS estimate has moved +0.1% in 90 days, across 6 analysts.

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $0.39 $0.50 +27.4%
Mar 2026 $0.37 $0.40 +7.5%
Dec 2025 $0.26 $0.29 +10.1%
Sept 2025 $0.34 $0.38 +12.3%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 5, 2026
  • consolidated net sales fiscal 2026 $1,470m to $1,480m Narrowed
    “The Company is narrowing its guidance for fiscal 2026 consolidated net sales to between $1,470 million and $1,480 million, or an increase of 2.8% to 3.5% compared with the prior year.” source
  • adjusted EBITDA fiscal 2026 $367m to $372m Non-GAAP Raised
    “The Company is increasing its expectations for fiscal 2026 adjusted EBITDA to between $367 million and $372 million, or an increase of 12.5% to 14.0% compared with the prior year.” source
  • total SG&A expenses fiscal 2026 $241m to $245m Lowered
    “The Company is reducing its total SG&A expenses to be between $241 million and $245 million and its guidance for the effective tax rate to be between 21% and 23%, reflecting the one-time tax benefit in the third quarter.” source
  • effective tax rate fiscal 2026 21% to 23% Lowered
    “The Company is reducing its total SG&A expenses to be between $241 million and $245 million and its guidance for the effective tax rate to be between 21% and 23%, reflecting the one-time tax benefit in the third quarter.” source
  • free cash flow as a percentage of adjusted net income fiscal 2026 about 70% Non-GAAP Maintained
    “The Company is reiterating its expectation for free cash flow as a percentage of adjusted net income to exceed 70% in fiscal 2026.” source
  • net interest expense fiscal 2026 $4m to $5m
    “Net interest expense between $4 million and $5 million” source
Show 3 more items
  • depreciation and amortization fiscal 2026 $49m to $50m
    “Depreciation and amortization between $49 million and $50 million” source
  • capital expenditures fiscal 2026 $60m to $65m
    “Capital expenditures between $60 million and $65 million” source
  • pension expense other than service fiscal 2026 about $0.1m
    “Pension expense other than service of approximately $0.1 million” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

How our valuation uses these forecasts

Our cash-flow model grows Mueller Water Products, Inc.'s revenue by +2.6% next year and +4.3% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+1.6%, weight 51%) , management guidance (+1.7%, weight 21%) and the company's own record (+5.1%, weight 28%) . How the weights are set.

Analyst recommendations

6 analysts, Oct 2026
Buy233%
Hold233%
Sell233%

Monthly trend

  1. Oct 20262226
  2. Sep 20262226
  3. Aug 20262316
  4. Jul 20262316

Counts of recommendations published by analysts covering Mueller Water Products, Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
5.6%
of tradable shares
Days to cover
4.28
at average volume
Short interest, 1 month
+7%
to September 30, 2026
Held by institutions
—
of shares
Held by insiders
1.1%
of shares
Employees
3,500
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months −5.4%

$25.39 on October 31, 2025 to $24.02

ThenNowEffect
Revenue (last 12 months) $1.4bn $1.5bn +5.9%
Net margin 10.7% 15.0% +40.7%
P/E multiple 26.8x 17.0x −36.5%
Share count 157m 157m 0.0%

Biggest factor: p/e multiple.

Last 3 years +91.5%

$12.54 on November 3, 2023 to $24.02

ThenNowEffect
Revenue (last 12 months) $1.3bn $1.5bn +13.3%
Net margin 5.8% 15.0% +160.1%
P/E multiple 26.2x 17.0x −35.0%
Share count 157m 157m −0.1%

Biggest factor: net margin.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
MWA+18%−24%+36%+58%+7%+2%
Industry peers (median)+19%−13%+19%+2%+13%+5%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
MWA67%33%58%58%50%55%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
MWA−23%−29%−26%−13%−19%−30%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 47% from December 9, 2016 to March 23, 2020. Getting back needed a 88% gain, reached on January 7, 2021, 290 days after the low.

Price behaviour

52-week range
$21.24 – $30.21
From 52-week high
−20.5%
vs 50-day average
+6.1%
vs 200-day average
−6.8%
Volatility (1 year)
25%
Beta vs S&P 500
0.60

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
9 up, 3 down
typical move ±6.5%
After a week
7 up, 5 down
typical move ±8.8%
After a month
8 up, 4 down
typical move ±7.7%
Results releasedNext dayS&P 500 next day5 days21 days
August 5, 2026 +1.8% −0.4% −1.4% −9.9%
May 5, 2026 −0.3% +2.2% −6.6% −7.6%
February 4, 2026 +1.3% −1.7% +7.1% +1.6%
November 6, 2025 −8.2% −1.0% −11.1% −5.8%
August 4, 2025 +4.0% +1.0% +5.9% +7.8%
May 5, 2025 −6.9% −1.4% −6.4% −10.4%
February 4, 2025 +17.3% +1.1% +17.2% +8.5%
November 6, 2024 +6.2% +3.3% +10.5% +11.8%
August 5, 2024 +2.2% −2.0% −0.4% +3.2%
May 6, 2024 +11.0% +1.1% +18.3% +9.9%
February 8, 2024 +11.3% +0.6% +17.8% +14.9%
December 13, 2023 +7.4% +1.7% +3.1% +0.9%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How Mueller Water Products, Inc.’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 3, 2026. Check the live chain at your broker before trading.

Cash-secured put

Not offered: fundamentals grade C+ (needs B+ or better).

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

Covered call

Not offered: no liquid call at or above our price target — the model says the upside is worth more than any listed strike.

For holders: sell a call at a strike at or above our fair value, so the shares are only sold at a price the model calls full value.

Collar

Not offered: no liquid put and call pair for the same expiry.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Mueller Water Products, Inc. in five measures

Fundamentals grade C+
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Mueller Water Products, Inc.
$1.2B $1.3B $1.4B $1.5B FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $1.3B Revenue (TTM), FY24 Q1: $1.2B Revenue (TTM), FY24 Q2: $1.2B Revenue (TTM), FY24 Q3: $1.3B Revenue (TTM), FY24 Q4: $1.3B Revenue (TTM), FY25 Q1: $1.4B Revenue (TTM), FY25 Q2: $1.4B Revenue (TTM), FY25 Q3: $1.4B Revenue (TTM), FY25 Q4: $1.4B Revenue (TTM), FY26 Q1: $1.4B Revenue (TTM), FY26 Q2: $1.5B Revenue (TTM), FY26 Q3: $1.5B $1.5B

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $1.3B
FY24 Q1 $1.2B
FY24 Q2 $1.2B
FY24 Q3 $1.3B
FY24 Q4 $1.3B
FY25 Q1 $1.4B
FY25 Q2 $1.4B
FY25 Q3 $1.4B
FY25 Q4 $1.4B
FY26 Q1 $1.4B
FY26 Q2 $1.5B
FY26 Q3 $1.5B
Revenue growth, TTM YoY Mueller Water Products, Inc.
-10% -5% 0% 5% 10% 15% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue growth, TTM YoY, FY23 Q4: 2.3% Revenue growth, TTM YoY, FY24 Q1: -5.6% Revenue growth, TTM YoY, FY24 Q2: -5.7% Revenue growth, TTM YoY, FY24 Q3: -2.9% Revenue growth, TTM YoY, FY24 Q4: 3.1% Revenue growth, TTM YoY, FY25 Q1: 11.9% Revenue growth, TTM YoY, FY25 Q2: 11.0% Revenue growth, TTM YoY, FY25 Q3: 10.2% Revenue growth, TTM YoY, FY25 Q4: 8.7% Revenue growth, TTM YoY, FY26 Q1: 5.9% Revenue growth, TTM YoY, FY26 Q2: 6.6% Revenue growth, TTM YoY, FY26 Q3: 5.9% 5.9%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 2.3%
FY24 Q1 -5.6%
FY24 Q2 -5.7%
FY24 Q3 -2.9%
FY24 Q4 3.1%
FY25 Q1 11.9%
FY25 Q2 11.0%
FY25 Q3 10.2%
FY25 Q4 8.7%
FY26 Q1 5.9%
FY26 Q2 6.6%
FY26 Q3 5.9%
Operating margin (TTM) Mueller Water Products, Inc.
5% 10% 15% 20% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Operating margin (TTM), FY23 Q4: 10.0% Operating margin (TTM), FY24 Q1: 9.5% Operating margin (TTM), FY24 Q2: 11.9% Operating margin (TTM), FY24 Q3: 14.1% Operating margin (TTM), FY24 Q4: 13.8% Operating margin (TTM), FY25 Q1: 15.1% Operating margin (TTM), FY25 Q2: 15.5% Operating margin (TTM), FY25 Q3: 15.7% Operating margin (TTM), FY25 Q4: 18.2% Operating margin (TTM), FY26 Q1: 18.7% Operating margin (TTM), FY26 Q2: 19.2% Operating margin (TTM), FY26 Q3: 19.4% 19.4%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q4 10.0%
FY24 Q1 9.5%
FY24 Q2 11.9%
FY24 Q3 14.1%
FY24 Q4 13.8%
FY25 Q1 15.1%
FY25 Q2 15.5%
FY25 Q3 15.7%
FY25 Q4 18.2%
FY26 Q1 18.7%
FY26 Q2 19.2%
FY26 Q3 19.4%
FCF margin (TTM) Mueller Water Products, Inc.
0% 5% 10% 15% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 FCF margin (TTM), FY23 Q4: 4.8% FCF margin (TTM), FY24 Q1: 11.5% FCF margin (TTM), FY24 Q2: 12.2% FCF margin (TTM), FY24 Q3: 12.8% FCF margin (TTM), FY24 Q4: 14.6% FCF margin (TTM), FY25 Q1: 12.6% FCF margin (TTM), FY25 Q2: 14.0% FCF margin (TTM), FY25 Q3: 12.4% FCF margin (TTM), FY25 Q4: 12.0% FCF margin (TTM), FY26 Q1: 12.0% FCF margin (TTM), FY26 Q2: 9.6% FCF margin (TTM), FY26 Q3: 12.1% 12.1%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 4.8%
FY24 Q1 11.5%
FY24 Q2 12.2%
FY24 Q3 12.8%
FY24 Q4 14.6%
FY25 Q1 12.6%
FY25 Q2 14.0%
FY25 Q3 12.4%
FY25 Q4 12.0%
FY26 Q1 12.0%
FY26 Q2 9.6%
FY26 Q3 12.1%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2009 Sept 2009 2010 Sept 2010 2011 Sept 2011 2012 Sept 2012 2013 Sept 2013 2014 Sept 2014 2015 Sept 2015 2016 Sept 2016 2017 Sept 2017 2018 Sept 2018 2019 Sept 2019 2020 Sept 2020 2021 Sept 2021 2022 Sept 2022 2023 Sept 2023 2024 Sept 2024 2025 Sept 2025 LTM Jun 2026
Income
Revenue 1,428 960 965 1,024 1,121 1,185 793 801 826 916 968 964 1,111 1,247 1,276 1,315 1,430 1,479
Gross profit 257 259 248 271 313 348 246 269 268 290 321 328 359 364 380 459 517 560
EBITDA −911 135 116 125 157 181 123 152 144 165 177 175 191 172 190 248 308 337
Operating income −1,001 70 53 64 97 124 80 112 102 122 124 117 132 112 127 182 261 287
Net income −997 −45 −38 −108 41 56 31 64 123 106 64 72 70 77 86 116 192 222
Diluted EPS −$8.55 −$0.29 −$0.25 −$0.69 $0.25 $0.34 $0.19 $0.39 $0.76 $0.66 $0.40 — $0.44 $0.48 $0.55 $0.74 $1.22 $1.41
Growth (year on year)
Revenue — −32.8% +0.5% +6.1% +9.5% +5.7% −33.0% +0.9% +3.2% +10.9% +5.7% −0.4% +15.2% +12.3% +2.3% +3.1% +8.7% +5.9%
EBITDA — — −14.4% +7.7% +25.5% +15.5% −32.0% +23.3% −5.1% +14.9% +7.2% −1.5% +9.6% −10.0% +10.3% +30.5% +24.0% +24.7%
Operating income — — −24.4% +21.6% +51.8% +27.5% −35.9% +41.0% −9.0% +19.2% +2.1% −6.0% +12.8% −15.3% +14.2% +42.6% +43.4% +30.9%
Net income — — — — — +36.0% −44.3% +106.8% +93.0% −14.4% −39.6% +12.9% −2.2% +8.8% +11.6% +35.6% +65.4% +49.0%
Diluted EPS — — — — — +36.0% −44.1% +105.3% +94.9% −13.2% −39.4% — — +9.1% +14.6% +34.5% +64.9% +49.1%
Margins
Gross margin 18.0% 27.0% 25.7% 26.5% 27.9% 29.4% 31.0% 33.6% 32.4% 31.6% 33.2% 34.0% 32.3% 29.2% 29.7% 34.9% 36.1% 37.9%
EBITDA margin −63.8% 14.1% 12.0% 12.2% 14.0% 15.3% 15.5% 18.9% 17.4% 18.1% 18.3% 18.1% 17.2% 13.8% 14.9% 18.9% 21.5% 22.8%
Operating margin −70.1% 7.3% 5.5% 6.3% 8.7% 10.5% 10.0% 14.0% 12.4% 13.3% 12.8% 12.1% 11.9% 8.9% 10.0% 13.8% 18.2% 19.4%
Net margin −69.8% −4.7% −3.9% −10.6% 3.6% 4.7% 3.9% 8.0% 14.9% 11.5% 6.6% 7.5% 6.3% 6.1% 6.7% 8.8% 13.4% 15.0%
Free-cash-flow margin 6.4% 4.3% 1.8% 4.4% 7.0% 9.3% 3.9% 10.4% 2.3% 8.4% 0.6% 7.5% 8.5% −0.2% 4.8% 14.6% 12.0% 12.1%
Cash flow
Cash from operations 131 63 40 77 114 148 58 115 59 133 93 140 157 52 109 239 219 238
Capital spending 40 22 23 31 36 37 27 32 41 56 87 68 63 55 48 47 47 58
Free cash flow 91 41 17 45 79 111 31 83 19 77 6 73 94 −2 61 191 172 180
Stock-based pay 12 7 5 5 7 9 4 5 6 5 4 5 8 9 9 9 11 14
Free cash flow after stock pay 79 34 12 40 71 102 27 78 13 72 2 67 86 −11 53 182 161 166
Balance sheet
Cash 62 84 61 83 124 161 362 195 362 347 177 209 228 147 160 310 432 495
Total debt 0 692 678 623 601 546 496 491 487 452 452 453 452 452 451 453 454 455
Net debt (negative = net cash) −62 608 617 540 477 385 135 296 125 105 275 244 225 305 291 143 23 −40
Diluted shares 117m 154m 155m 157m 160m 162m 163m 163m 162m 160m 159m 159m 159m 158m 157m 157m 158m 157m
Returned to shareholders
Dividends 8 11 11 11 11 11 12 16 24 30 32 33 35 37 38 40 42 43
Buybacks — — — — 0 0 5 0 55 30 10 5 10 35 10 10 15 16
Total returned 8 11 11 11 11 11 17 16 79 60 42 38 45 72 48 50 57 59

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

6 of 7 checks passed · June 30, 2026
What it owns · $2.0bn
Short-term assets $1.1bnLonger-term assets $823m
What it owes, and who funded it · $2.0bn
Short-term liabilities $244mLonger-term liabilities $589mShareholders' equity $1.1bn
  • Short-term assets cover short-term liabilities $1.1bn of assets due within a year against $244m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $1.1bn short-term assets against $589m of longer-dated liabilities.
  • More cash than debt $495m of cash against $453m of debt.
  • Debt below 40% of shareholders' equity Debt is 40% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 64% to 40% over five years.
  • A year's operating cash flow covers at least 20% of debt $238m of operating cash flow against $453m of debt.
  • Operating profit covers interest at least five times over Operating income of $287m against $18m of interest.

From Mueller Water Products, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q3 TTM
Buybacks (TTM)
$15.5M
Dividends (TTM)
$43.3M
Returned to shareholders
33%
of free cash flow
Buybacks, last 3 fiscal years
$35M
Diluted share count
−0.0%
year over year
Total shareholder yield
1.6%
dividends 1.1% + buybacks 0.4% of market value
Dividend payout ratio
20%
of net income paid out
Sales & admin spending
16.9%
of revenue
Days sales outstanding
50 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in industrial machinery & supplies & components
Last 12 months unless stated MWA CMCO PKOH AIN AZZ NPO Median
Revenue, last 12 months $1.5bn $1.5bn $1.7bn $1.3bn $1.7bn $1.2bn $1.4bn
Revenue growth, last 12 months 5.9% 55.2% 2.7% 14.2% 9.5% 13.3% 8.3%
Revenue growth, 3-year average 4.2% 16.1% 0.8% 6.3% 5.2% 3.3% 4.0%
Revenue growth, latest quarter 4.1% 125.3% 10.0% 33.7% 16.7% 17.6% 9.1%
Gross margin 37.9% 28.8% 17.3% 34.2% 24.3% 42.8% 35.2%
Operating margin 19.4% −9.6% 4.3% 11.2% 16.5% 14.3% 13.1%
Operating margin, 3-year average 16.4% 1.7% 4.9% 6.4% 15.4% 13.7% 13.7%
Net margin 15.0% −21.2% 1.6% 6.7% 9.6% 3.6% 8.9%
Cash from operations / revenue 16.1% −6.9% 4.1% 9.6% 16.7% 17.9% 11.9%
Free-cash-flow margin 12.1% −8.2% 1.2% 5.3% 12.3% 13.2% 8.8%
Free-cash-flow margin, 3-year average 12.5% −0.5% 0.4% 7.5% 15.4% 13.6% 9.8%
Stock pay / revenue 0.9% 0.6% 0.3% 0.6% 0.8% 1.3% 0.8%
Change in share count −0.0% 0.4% 2.1% −6.2% −0.3% 0.6% −0.0%

Median of all 76 companies we cover in industrial machinery & supplies & components. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

76 industrial machinery & supplies & components companies
Measure Company Peer median Rank
Revenue growth Growth 5.9% 8.3% 51 of 75
Change in growth rate Growth -0.7pp +1.2pp 56 of 75
Gross margin Profitability 37.9% 35.4% 29 of 70
Operating margin Profitability 19.4% 13.0% 17 of 75
Net margin Profitability 15.0% 8.9% 14 of 76
Free-cash-flow margin Cash generation 12.1% 9.1% 27 of 76
Stock pay as % of revenue Cash generation 0.9% 0.8% 44 of 70
Long-term debt as % of assets Balance sheet 23.1% 23.4% 29 of 59
Change in share count Balance sheet -0.0% -0.0% 35 of 73
Days sales outstanding Balance sheet 50 days 63 days 11 of 65

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to September 30, 2025
Segments
Line of business Revenue Share YoY
Water Flow Solutions $825M 57.7% ▲ 9.2%
Water Management Solutions $605M 42.3% ▲ 8.2%

From Mueller Water Products, Inc.'s 10-K filed November 19, 2025, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$3.9B
Institutions reporting
425
Shares held vs prior quarter
▲ 2.2%
Positions opened / closed
47 / 48

Top buyers and sellers, Q2 2026: 209 institutions bought and 195 sold ; the biggest buyer was Fiduciary Management Inc (+1.7M shares) and the biggest seller Balyasny Asset Management L.P (−1.1M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $663M 25.7M 17.1% ▲ 2.2%
Vanguard Portfolio Management LLC $299M 11.6M 7.7% ▲ 2.0%
Vanguard Capital Management LLC $182M 7.0M 4.7% ▲ 0.2%
State Street Corp $164M 6.3M 4.2% ▲ 1.6%
First Trust Advisors LP $158M 6.1M 4.1% ▲ 1.1%
Fiduciary Management Inc $152M 5.9M 3.9% ▲ 42.0%
Geode Capital Management, LLC $130M 5.0M 3.3% ▲ 8.0%
Fuller & Thaler Asset Management, Inc. $127M 4.9M 3.3% ▼ 5.1%
Franklin Resources Inc $123M 4.8M 3.2% ▲ 41.3%
Dimensional Fund Advisors LP $96.9M 3.7M 2.5% ▲ 4.1%
Impax Asset Management Group PLC $76.6M 3.0M 2.0% ▲ 0.7%
Amundi $74.2M 2.9M 1.9% ▲ 27.1%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Mueller Water Products, Inc.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $856,879 5 trades by 2 insiders, last 12 months Insider sales History → $4.8M 12 trades by 6 insiders · 86% under pre-set plans
Net ▼ $4M net selling
Insider Date Trade Shares Price Value
Healy Brian C. Director October 7, 2026 Buy pre-set plan 1,376 $21.75 $29,927
Ortiz Christine Director September 1, 2026 Sell pre-set plan 550 $23.93 $13,162
Helms Todd P 10% owner September 1, 2026 Sell 9,997 $23.67 $236,629
Ortiz Christine Director August 31, 2026 Sell pre-set plan 12,048 $24.23 $291,923
Feyerherm Richelle R. VP, CAO and Corp. Controller August 26, 2026 Sell 3,000 $25.00 $75,000
Mcandrew Paul President and CEO August 10, 2026 Sell pre-set plan 40,000 $26.39 $1.1M
Healy Brian C. Director July 7, 2026 Buy pre-set plan 1,183 $25.33 $29,965
Zakas Marietta Edmunds Former Officer and Director May 28, 2026 Sell pre-set plan 54,254 $25.26 $1.4M
Healy Brian C. Director May 15, 2026 Buy pre-set plan 1,166 $25.75 $30,024
Helms Todd P SVP and CHRO March 17, 2026 Sell pre-set plan 10,720 $27.61 $295,979
Sengstack Gregg C Director February 25, 2026 Buy 25,000 $29.58 $739,500
Helms Todd P SVP and CHRO February 19, 2026 Sell pre-set plan 10,720 $29.72 $318,598

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around November 5, 2026 estimated from the company's past filing pattern, not announced

  • August 5, 2026
  • May 5, 2026
  • February 4, 2026
  • November 6, 2025
  • August 4, 2025
  • May 5, 2025

Recent SEC filings

Data status

When each part of this page on Mueller Water Products, Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Mueller Water Products, Inc. in brief

What does Mueller Water Products, Inc. do?
Mueller Water Products, Inc. is a US-listed company in the industrial machinery & supplies & components industry. Its financial year ends in September.
What is Mueller Water Products, Inc.'s stock ticker?
Mueller Water Products, Inc. trades under the ticker MWA on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Mueller Water Products, Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Mueller Water Products, Inc. reported revenue of $1.5B, 5.9% higher than a year earlier, according to its SEC filings.
What is Mueller Water Products, Inc.'s free cash flow?
Mueller Water Products, Inc.'s free-cash-flow margin is 12.1% of revenue over the trailing twelve months, ranking 27 of the 76 industrial machinery & supplies & components companies we cover.
What is Mueller Water Products, Inc.'s fair value (intrinsic value) per share?
Our discounted-cash-flow model of Mueller Water Products, Inc.'s free cash flow after stock-based pay gives ~$22 per share in the base case, and ~$17–$30 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Mueller Water Products, Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Vanguard Portfolio Management LLC and Vanguard Capital Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Mueller Water Products, Inc. buying back stock, and does it pay a dividend?
Mueller Water Products, Inc. spent $15.5M on share repurchases over the trailing twelve months, and its diluted share count fell 0.0% over the year.
What is Mueller Water Products, Inc.'s market cap?
On November 2, 2026, Mueller Water Products, Inc.'s market capitalisation was about $3.8B, with a price-to-earnings ratio of 17.0 and net debt of -$40.4M. Market figures come from third-party market data and may be delayed.
Does Mueller Water Products, Inc. pay a dividend?
Yes: Mueller Water Products, Inc. paid $43.3M in dividends over the trailing twelve months, a dividend yield of 1.15% and a payout ratio of 19.5%.
How much debt does Mueller Water Products, Inc. have?
Mueller Water Products, Inc.'s debt-to-equity ratio is 40.4%, from its latest balance sheet (64.4% five years earlier). The financial health section below sets out its other solvency checks.
Who are Mueller Water Products, Inc.'s competitors?
In our Industrial Machinery & Supplies & Components peer group, the companies closest to Mueller Water Products, Inc. are Columbus Mckinnon Corp, Park Ohio Holdings Corp, Albany International Corp, AZZ Inc and Enpro Inc. The side-by-side comparison below sets their revenue, margins and growth against Mueller Water Products, Inc.'s.
Are insiders buying or selling Mueller Water Products, Inc. stock?
Over the last 12 months, Mueller Water Products, Inc.'s directors and officers reported 5 open-market purchases and 12 sales on Form 4. The insider trading page charts every trade.
When is Mueller Water Products, Inc.'s next earnings date?
Around November 4, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Mueller Water Products, Inc. announces its own schedule.