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NYSE · Industrials

Mueller Water Products, Inc. (MWA)

As-reported financials and SEC filings for Mueller Water Products, Inc. The latest annual period is FY2025. The latest reported quarter is Q3 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About Mueller Water Products, Inc.

Mueller Water Products, Inc. manufactures and markets products used in the transmission, distribution, and measurement of water in North America. Its main product lines include iron gate valves, specialty valves, fire hydrants, and related water management solutions such as repair, installation, metering, and leak detection services. The company serves municipalities and the residential and non-residential construction industries.

Snapshot

Revenue
$1.43B
Revenue growth (YoY)
8.7%
Net income
$191.7M
Diluted EPS
$1.22
Gross margin
36.1%
Operating margin
18.2%
Net margin
13.4%
FCF margin
12.0%
ROE
19.5%
net income / fiscal-year-end equity
P/E
17.2×
trailing when available, otherwise FY EPS
Market cap
$3.81B
Long-term debt / equity
0.46×
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended September 30, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Mueller Water Products

  • Revenue grew 8.7% to $1.4B in FY2025, faster than the 3.1% the year before.
  • Operating margin is 18.2% in FY2025, +6.4 pp against 11.9% in FY2021.
  • Most recent quarter Q3 FY2026: revenue $396M, up 4.1% from Q3 FY2025.
  • Free cash flow was $172M in FY2025, 12.0% of revenue.
  • Net income rose 65.4% to $192M in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Mueller Water Products’s fundamentals sit among the 684 Industrials companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Gross margin36.1%
66th percentile of 466
Operating margin18.2%
85th percentile of 605
Net margin13.4%
83rd percentile of 645
FCF margin12.0%
75th percentile of 562
Revenue growth (YoY)+8.7%
63rd percentile of 668
ROE19.5%
81st percentile of 600
P/E17.2×
31st percentile of 434
Long-term debt / equity0.46×
48th percentile of 409
Short interest4.88d
72nd percentile of 676

Mueller Water Products’s operating margin of 18.2% ranks in the 85th percentile of the 605 Industrials companies reporting it.

1 reported insider purchase (code P) totaling $29,965 in the last 90 days, against 4 sales totaling $1.4M. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 2 of the superinvestors we track (plus 4 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
2
+4 quant / multi-strat
Initiated / added
0
0 new, 0 added
Reduced / exited
8
6 trimmed, 2 exited
Combined position
$21.3M
reported long value
InvestorAs ofPosition valueSharesChange
Two Sigma InvestmentsquantQ2 2026$11.5M445.7KReduced
AQR Capital ManagementquantQ2 2026$3.4M132.6KReduced
Millennium ManagementquantQ2 2026$2.7M105.7KReduced
D. E. ShawquantQ2 2026$2.0M76.8KReduced
Bridgewater AssociatesQ2 2026$1.2M47.3KReduced
Gotham Asset ManagementQ2 2026$377,71214.6KReduced

No longer held by: Citadel Advisors (as of Q2 2026), Point72 Asset Management (as of Q2 2026)

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
1
1 insider
Bought (90d)
$30K
code P value
Sells (90d)
4
$1.4M
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-09-01
Ortiz ChristineDirectorSell550$23.93$13K
2026-08-31
Ortiz ChristineDirectorSell12.0K$24.23$292K
2026-08-26
Feyerherm Richelle R.VP, CAO and Corp. ControllerSell3.0K$25.00$75K
2026-08-10
McAndrew PaulPresident and CEOSell40.0K$26.39$1.1M
2026-07-07
filed 2026-07-08
Healy Brian C.DirectorBuy1.2K$25.33$30K
2026-05-28
filed 2026-05-29
ZAKAS MARIETTA EDMUNDSFormer Officer and DirectorSell54.3K$25.26$1.4M
2026-05-15
filed 2026-05-18
Healy Brian C.DirectorBuy1.2K$25.75$30K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
4.9M
settled 2026-08-14
Change vs prior
+1.7%
vs previous settlement
Days to cover
4.88
at avg daily volume
Avg daily volume
1.0M
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-144.9M+1.7%4.88
2026-07-314.8M-8.8%4.14
2026-07-155.3M+7.2%4.87
2026-06-304.9M+18.8%3.06
2026-06-154.2M+19.2%3.59
2026-05-293.5M+5.2%2.83
2026-05-153.3M-7.0%2.78
2026-04-303.6M+3.6%2.23

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$1.43B$1.31B$1.28B$1.25B$1.11B
Gross profit$516.7M$459.0M$379.5M$364.3M$358.5M
Operating income$260.6M$181.7M$127.4M$111.6M$131.7M
Net income$191.7M$115.9M$85.5M$76.6M$70.4M
Diluted EPS$1.22$0.74$0.55$0.48$0.44

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$219.3M$238.8M$109.0M$52.3M$156.7M
Capital expenditure$47.3M$47.4M$47.6M$54.7M$62.7M
Free cash flow$172.0M$191.4M$61.4M$-2.4M$94.0M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q3 FY2026$395.9M4.1%$67.3M$0.43
Q2 FY2026$384.4M5.5%$59.1M$0.38
Q1 FY2026$318.2M4.6%$43.2M$0.27
Q4 FY2025$380.8M9.4%$52.6M$0.33
Q3 FY2025$380.3M6.6%$52.5M$0.33
Q2 FY2025$364.3M3.1%$51.3M$0.33
Q1 FY2025$304.3M18.7%$35.3M$0.22
Q4 FY2024$348.2M15.5%$10.0M$0.06

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNYSE
SectorIndustrials
SIC industryMiscellaneous Fabricated Metal Products
Latest annual periodFY2025 (ended September 30, 2025)
Latest reported quarterQ3 FY2026 (ended June 30, 2026)
Oldest indexed filing2014
SEC CIK1350593

Selected SEC filings

10-Q2026-08-06
View on EDGAR →
10-Q2026-05-06
View on EDGAR →
10-Q2026-02-05
View on EDGAR →
8-K2026-08-05
View on EDGAR →
8-K2026-06-18
View on EDGAR →
8-K2026-05-05
View on EDGAR →
8-K2026-02-25
View on EDGAR →

Largest Industrials peers

All Industrials companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.