One-glance verdict
Not enough data
Fair value unavailable
Not enough cash-flow history to value this one with our method.
Fundamentals snapshot
MUELLER WATER PRODUCTS
MWA · NYQ · Industrials · Specialty Industrial Machinery
Current price
$24.95
52-week range
$22.74 - $31.00
Market cap
—
Balance sheet
Healthy
14.18x Strong cushion
Net debt $31.40M. Interest coverage shows how many times profit covers the interest bill.
What stands out
3 Rewards
1 Risk
3 rewards · 1 risks
- Reward Revenue grew 2.4% last year.
- Reward Returns 21.3% on equity, ahead of 83% of its peers.
- Reward Free cash flow was positive in 9/10 years.
- Risk Insider ownership is only 1.1% (peer median: 7.5%).
What this company does
MUELLER WATER PRODUCTS
Mueller Water Products makes the essential hardware for water systems, like the fire hydrants on your street and the large valves that control water flow for entire towns. The company primarily makes money selling these crucial parts to cities and utility companies for repairing aging pipes and building new infrastructure. Because communities consistently need to maintain their water supply, Mueller's business often depends on steady government and utility spending.
How the company got here
Mueller Water Products traces its roots back to 1857, when Hieronymus Mueller founded a company in Illinois. An inventor at heart, he developed many new products, including a machine for tapping into pressurized water and gas lines that is still an industry standard today. Through a series of mergers and acquisitions over many decades, the company grew and eventually combined with other major players in water infrastructure. In 2006, Mueller Water Products was spun off as the separate, publicly traded company it is today, focused on products for water systems.
What it actually does
Mueller makes the essential, and often unseen, products needed to control, move, and measure water for cities and towns. Think of the fire hydrants on your street, the large valves that control water flow under the ground, and the meters that measure water usage for homes and businesses. Their customers are mainly municipal water utilities and construction companies that build and maintain the vast network of pipes that deliver clean drinking water. They also provide technology to help cities find leaks and assess the condition of their underground pipes.
Water Flow Solutions
This is the company's largest business segment, making up a little over half of its sales. It manufactures and sells a wide variety of valves, which are like gates that control the flow of water through pipes. These include large iron gate valves for main water lines, as well as smaller brass products that connect service lines to homes and buildings. Municipalities and water utilities buy these products to manage and maintain their water transmission and distribution systems.
Water Management Solutions
This segment provides a diverse range of products and services that help manage water systems, accounting for a little less than half of the company's revenue. This is where you'll find the fire hydrants you see on the street, as well as products for repairing pipes, like clamps and couplings. It also includes water meters for homes and businesses, and advanced technologies like leak detection services and software that help cities monitor their water networks for problems.
What management is betting on now
The company's strategy focuses heavily on the need to repair and replace North America's aging water infrastructure. They are also investing in so-called "smart water" technologies, which include sensors, data analytics (the process of examining data to find trends), and software to help cities better manage their water systems and reduce water loss. Management is also focused on improving its own manufacturing and supply chain (the network of organizations, people, activities, information, and resources involved in moving a product from supplier to customer) to become more efficient. By expanding these digital and technology-based solutions, they aim to provide more value beyond just selling physical products.
Price history
How the share price has moved
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Earnings history
Last 8 quarters — what happened
Click any quarter to read the call summary and what the numbers say.
FY2024 Q3
$75.10M
FY2024 Q4
$69.90M
FY2025 Q1
$42.20M
FY2025 Q2
$5.10M
FY2025 Q3
$55.70M
FY2025 Q4
$69.00M
FY2026 Q1
$44.00M
FY2026 Q2
$-27.50M
Revenue
$384.40M
Net income
$59.10M
Diluted EPS
0.38
Operating cash flow
$-12.80M
Free cash flow
$-27.50M
Fetching…
Sources
Revenue
$318.20M
Net income
$43.20M
Diluted EPS
0.27
Operating cash flow
$61.20M
Free cash flow
$44.00M
Fetching…
Sources
Revenue
$380.80M
Net income
$52.60M
Diluted EPS
0.34
Operating cash flow
$83.50M
Free cash flow
$69.00M
Fetching…
Sources
Revenue
$380.30M
Net income
$52.50M
Diluted EPS
0.33
Operating cash flow
$67.40M
Free cash flow
$55.70M
Fetching…
Sources
Revenue
$364.30M
Net income
$51.30M
Diluted EPS
0.33
Operating cash flow
$14.30M
Free cash flow
$5.10M
Fetching…
Sources
Revenue
$304.30M
Net income
$35.30M
Diluted EPS
0.22
Operating cash flow
$54.10M
Free cash flow
$42.20M
Fetching…
Sources
Revenue
$348.20M
Net income
$10.00M
Diluted EPS
0.07
Operating cash flow
$89.30M
Free cash flow
$69.90M
Fetching…
Sources
Revenue
$356.70M
Net income
$47.30M
Diluted EPS
0.30
Operating cash flow
$87.30M
Free cash flow
$75.10M
Fetching…
Sources
Is it cheap or expensive?
Fair value — vs current price $24.95
We couldn't calculate a fair value right now.
Is it drowning in debt?
Healthy
Net debt $31.4M. Interest coverage 14.2x.
Net debt
$31.40M
Interest coverage
14.18x
MUELLER WATER PRODUCTS's profit covers its interest bill about 14.2 times over. which is stronger than most peers shown here.
Healthy
Worse cushion
Baseline
Better cushion
MWA
BASELINE
MUELLER WATER PRODUCTS
Total debt $452.40M Interest coverage 14.18x This is the baseline the peer rows are being compared against.
Total debt $308.32M Interest coverage 25.34x +79% vs MWA Carries about 1.8x more debt cushion than MWA.
Total debt $23.48M Interest coverage 35.80x +152% vs MWA Carries about 2.5x more debt cushion than MWA.
Total debt $305.00M Interest coverage 43.69x +208% vs MWA Carries about 3.1x more debt cushion than MWA.
Total debt $550.50M Interest coverage 10.09x -29% vs MWA Carries about 1.4x less debt cushion than MWA.
Total debt $275.14M Interest coverage 4.08x -71% vs MWA Carries about 3.5x less debt cushion than MWA.
What you should know
The case for and against MWA
3 Rewards
1 Risk
Rewards
-
Revenue grew 2.4% last year.
-
Returns 21.3% on equity, ahead of 83% of its peers.
-
Free cash flow was positive in 9/10 years.
Risks
-
Insider ownership is only 1.1% (peer median: 7.5%).
The numbers
All the key metrics, grouped by purpose
Tap any ? icon to learn what it means.
Valuation
How expensive the stock looks
P/E (TTM)
18.90x
Forward P/E
15.88x
P/B
3.64x
P/S
—
EV/EBITDA
11.59x
PEG ratio
1.05x
Profitability
How much profit each dollar creates
Gross margin
37.6%
Operating margin
22.1%
Net margin
14.2%
ROE
21.3%
ROA
10.3%
Health
Liquidity and balance-sheet strength
Debt / equity
0.42x
Current ratio
4.57x
Quick ratio
2.70x
Total debt
$452.40M
Total cash
$421.00M
Growth
How the business has been compounding
Revenue TTM
$1.46B
Revenue 5Y CAGR
6.5%
EPS TTM
1.32
EPS 5Y CAGR
36.5%
Cash flow
How much cash the business throws off
Operating CF TTM
$199.30M
Free CF TTM
$172.00M
FCF margin
11.8%
Dividend
Shareholder payout
Yield
1.1%
Payout ratio
20.8%
Last ex-div date
2026-08-10