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Mueller Water Products MWA
$ 25.17 -2.86%
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Quarterly report 2026-Q2
added 05-06-2026

Mueller Water Products Income Statement 2025-2008 | MWA

Brief overview of financial performance at Mueller Water Products

The comparison covers a five-year financial horizon. Revenue at Mueller Water Products moved from 964 million dollars in 2020 to 1.4 billion dollars in 2025. Across the full period, sales moved by +48.3%; the average annual rate was 8.2%. Revenue advanced gradually over the five-year period.

At the gross-profit level, the result moved from 328 million dollars to 517 million dollars, a change of +57.4%. The relationship between revenue and direct costs remained stable. Gross margin moved from 34% to 36.1%. Improving gross profitability strengthens the quality of revenue growth.

EBITDA was 175 million dollars at the beginning and 308 million dollars at the end of the period (+76.1%). EBITDA expanded faster than the top line. EBITDA margin was 18.1% at the start and 21.5% at the end. The increased EBITDA share is a positive sign.

The five-year change in net income was +166.2%: from $72 million to $192 million. The latest figure was the best within the selected horizon.

Market capitalization changed from 1.8 billion dollars to 3.6 billion dollars (+95.7%). The valuation did not keep pace with the reported progress.

What the figures show

The results point to consistent and sustainable progress. The positive side is supported by sales growth, better sales economics and positive operating leverage. The key question is whether sales can be converted into sustainable profit.

Annual Income Statement Mueller Water Products

2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008

Market Cap

3.62 B 3.87 B 2.31 B 1.79 B 2.01 B 1.85 B 1.73 B 1.63 B 1.87 B 1.98 B 1.41 B 1.56 B 1.35 B 743 M 478 M 636 M 458 M -

Shares

156 M 156 M 156 M 157 M 158 M 158 M 157 M 158 M 160 M 161 M 160 M 159 M 158 M 156 M 155 M 154 M 117 M -

Historical Prices

23.1 24.8 14.8 11.4 12.8 11.7 11.1 9.27 10.7 12.3 7.4 9.15 7.7 5.18 2.35 4.12 3.93 9.73

Net Income

192 M 116 M 85.5 M 76.6 M 70.4 M 72 M 63.8 M 106 M 123 M 63.9 M 30.9 M 55.5 M 40.8 M -108 M -38.1 M -12.1 M -10.7 M -

Revenue

1.43 B 1.31 B 1.28 B 1.25 B 1.11 B 964 M 968 M 916 M 826 M 1.14 B 1.16 B 1.18 B 1.12 B 1.02 B 1.34 B - - -

Cost of Revenue

913 M 856 M 896 M 883 M 752 M 636 M 647 M 626 M 558 M 532 M 547 M 837 M 808 M 753 M 716 M 701 M 1.17 B -

Gross Profit

517 M 459 M 380 M 364 M 358 M 328 M 321 M 290 M 268 M 364 M 347 M 348 M 313 M 271 M 234 M 52 M 55.9 M -

Operating Income

261 M 182 M 127 M 112 M 132 M 117 M 124 M 122 M 102 M 112 M 79.6 M 124 M 97.3 M 64.1 M 52.7 M 6 M 300 K -

Interest Expense

20 M 21.5 M 18.4 M 17.6 M 23.8 M 26.6 M 23.3 M 25.3 M 24.2 M 24 M 27.9 M 50 M -52 M 60.2 M 65.9 M 68.3 M 80 M -

EBITDA

308 M 248 M 190 M 172 M 191 M 175 M 177 M 156 M 143 M 173 M 177 M 184 M 158 M 128 M 95.8 M 71.6 M 90.5 M -

Operating Expenses

256 M 277 M 252 M 253 M 227 M 211 M 199 M 177 M 167 M 244 M 228 M 221 M 214 M 204 M 220 M 189 M 1.26 B -

General and Administrative Expenses

247 M 245 M 242 M 239 M 219 M 198 M 183 M 167 M 156 M 235 M 217 M 221 M 214 M 204 M 220 M 189 M 239 M -

All numbers in USD currency

Quarterly Income Statement Mueller Water Products

2026-Q2 2026-Q1 2025-Q4 2025-Q3 2025-Q2 2025-Q1 2024-Q4 2024-Q3 2024-Q2 2024-Q1 2023-Q4 2023-Q3 2023-Q2 2023-Q1 2022-Q4 2022-Q3 2022-Q2 2022-Q1 2021-Q4 2021-Q3 2021-Q2 2021-Q1 2020-Q4 2020-Q3 2020-Q2 2020-Q1 2019-Q4 2019-Q3 2019-Q2 2019-Q1 2018-Q4 2018-Q3 2018-Q2 2018-Q1 2017-Q4 2017-Q3 2017-Q2 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2 2014-Q1 2013-Q4 2013-Q3 2013-Q2 2013-Q1 2012-Q4 2012-Q3 2012-Q2 2012-Q1 2011-Q4 2011-Q3 2011-Q2 2011-Q1

Shares

156 M 156 M 156 M 156 M 156 M 157 M 156 M 156 M 156 M 156 M 156 M 156 M 156 M 156 M 156 M 156 M 157 M 157 M 158 M 158 M 158 M 158 M 158 M 158 M 158 M 158 M 158 M 158 M 158 M 158 M 158 M 158 M 158 M 158 M 158 M 161 M 159 M 158 M 162 M 161 M 162 M 162 M 161 M 160 M 161 M 161 M 160 M 159 M 160 M 160 M 158 M 158 M 158 M 158 M 157 M 156 M 157 M 157 M 156 M 155 M 156 M 156 M

Net Income

59.1 M 43.2 M 43.2 M - 52.5 M 51.3 M 35.3 M - 47.3 M 44.3 M 14.3 M - 24.5 M 21.3 M 22.5 M - 26.5 M 23.6 M 19.4 M - 14.4 M 20.9 M 16.7 M 26.7 M 11.2 M 16.7 M 10.3 M 40.2 M 33.7 M 10.3 M -21 M 25 M 15.3 M -21 M 55.1 M 19.3 M 24 M 55.1 M 6.7 M 26.5 M 15.5 M 6.7 M 6.2 M 22.3 M 16.5 M 6.2 M -20.2 M 26.2 M 18.5 M -20.2 M 1.1 M 13.5 M 14.1 M 6.2 M 7 M 3.5 M 9.8 M 7 M -11.9 M -9.6 M -2.7 M -11.9 M

Revenue

384 M 318 M 318 M - 380 M 364 M 304 M - 357 M 353 M 256 M - 327 M 333 M 315 M - 333 M 310 M 272 M - 310 M 268 M 237 M 265 M 228 M 237 M 213 M 267 M 274 M 213 M 193 M 254 M 250 M 233 M 178 M 227 M 232 M 200 M 167 M 216 M 225 M 167 M 163 M 311 M 301 M 243 M 262 M 321 M 318 M 262 M 257 M 293 M 299 M 257 M 245 M 281 M 276 M 245 M 215 M 256 M 260 M 312 M

Cost of Revenue

240 M 198 M 198 M - 235 M 236 M 201 M - 225 M 223 M 170 M - 226 M 235 M 222 M - 235 M 218 M 185 M - 205 M 179 M 159 M 464 M 153 M 159 M 140 M 469 M 177 M 140 M 133 M 457 M 176 M 133 M 123 M 412 M 150 M 123 M 115 M 395 M 142 M 116 M 116 M 604 M 205 M 174 M 190 M 617 M 221 M 190 M 190 M 603 M 209 M 190 M 188 M 548 M 196 M 188 M 163 M 525 M 186 M 260 M

Gross Profit

144 M 120 M 120 M - 146 M 128 M 103 M - 131 M 130 M 86.3 M - 100 M 97.8 M 93.2 M - 98.3 M 92.8 M 87.6 M - 105 M 88.4 M 78.4 M 93.9 M 75.7 M 78.4 M 72.6 M 88.8 M 97.2 M 72.6 M 60.1 M 85.5 M 74.5 M 60.1 M 55.4 M 81 M 82.6 M 55.4 M 51.8 M 77.8 M 83.2 M 51.7 M 47.6 M 97.7 M 96.2 M 68.7 M 71.3 M 101 M 97.3 M 71.3 M 67.1 M 88.8 M 90 M 67.1 M 57.1 M 76.6 M 79.6 M 57.1 M 52.8 M 64.9 M 73.1 M 51.8 M

Operating Income

80.4 M 56.7 M 56.7 M - 73.7 M 69.9 M 47.4 M - 67 M 63.5 M 22.8 M - 35.6 M 32.9 M 34 M - 36.9 M 34.2 M 28.9 M - 42.7 M 33.4 M 27.8 M 40.7 M 20 M 27.8 M 20.3 M 39 M 47.2 M 20.3 M 15.9 M 40.5 M 30.6 M 15.9 M 20.7 M 33.6 M 43 M 20.7 M 14.2 M 37.8 M 22.6 M 13.9 M 11.4 M 44.4 M 31.5 M 14.9 M 8.1 M 43 M 41.8 M 8.1 M 14 M 33.2 M 32.9 M 14 M 6.9 M 21.9 M 25.7 M 6.9 M 5.9 M 12.2 M 24.7 M -2.9 M

Interest Expense

-1.6 M -1 M -1 M - -1.7 M -2.3 M -1.6 M - -2.8 M -3.6 M -3.3 M - -3.8 M -3.9 M -3.7 M - -4.2 M -4.5 M -4.3 M - -6.8 M -6.1 M -6.1 M -19.5 M -6.1 M -6.1 M -7.4 M -15.6 M -4.2 M -7.4 M -5.5 M -15.7 M -5.3 M -5.5 M -5.2 M -17 M -5.1 M -5.2 M -6.4 M -18 M -6 M -6.4 M -6.1 M -21.8 M -6.3 M -6.1 M -9.4 M -37.6 M -12.5 M -9.4 M -12.6 M -39 M -12.7 M -12.6 M -13.5 M - - - - - 16.8 M 16.3 M

EBITDA

92.8 M 68.8 M 68.8 M - 85.4 M 81.2 M 58.5 M - 83.3 M 80 M 39.2 M - 51.4 M 48.4 M 48.8 M - 51.8 M 49 M 44.1 M - 57.9 M 48.1 M 42.5 M 83.5 M 34.5 M 42.5 M 34.3 M 77.8 M 60.5 M 34.3 M 28 M 72.8 M 41.4 M 28 M 31.3 M 64.7 M 53.2 M 31.3 M 24.5 M 67.1 M 32.4 M 24.2 M 21 M 87.6 M 46 M 27.9 M 22.4 M 85.5 M 55.8 M 22.4 M 28.7 M 77.6 M 47.5 M 28.7 M 21.7 M 67.1 M 40.7 M 21.7 M 20.9 M 59.4 M 40.4 M 16.5 M

Operating Expenses

64.1 M 63.1 M 63.1 M - 72 M 58.1 M 55.6 M - 64.4 M 66.9 M 63.5 M - 64.5 M 64.9 M 59.2 M - 61.4 M 58.6 M 58.7 M - 62.7 M 55 M 50.6 M 158 M 55.7 M 50.6 M 52.3 M 147 M 50 M 52.3 M 44.2 M 123 M 43.9 M 44.2 M 34.7 M 118 M 39.6 M 34.7 M 37.6 M 135 M 60.6 M 37.8 M 36.2 M 184 M 64.7 M 53.8 M 63.2 M 166 M 55.5 M 63.2 M 53.1 M 160 M 57.1 M 53.1 M 50.2 M 152 M 53.9 M 50.2 M 46.9 M 143 M 48.4 M 54.7 M

General and Administrative Expenses

59.7 M 59.8 M 59.8 M - 71 M 55.7 M 53.9 M - 61.5 M 63.7 M 56.9 M - 60.6 M 64.2 M 62.9 M - 60.8 M 58 M 56.3 M - 58.8 M 54.2 M 49.2 M 146 M 47.1 M 49.2 M 49.9 M 134 M 47.5 M 49.9 M 41 M 124 M 41.3 M 41 M 39.8 M 113 M 38.4 M 39.8 M 36.3 M 112 M 39.4 M 36.5 M 35.4 M 164 M 52.9 M 53 M 55 M 162 M 55.3 M 55 M 53 M 159 M 56.9 M 53 M 49.5 M 150 M 53.2 M 49.5 M 46.5 M 140 M 48.1 M 53.4 M

All numbers in USD currency

The income statement is one of the three key financial reports of a company Mueller Water Products (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:

  • How much revenue the company earned
  • How much it spent on production, personnel, marketing, taxes, etc.
  • What profit remained in the end

Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.

Features
  • The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
  • Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
  • A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.

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