InsiderClue
Stocks · Industrials · Miscellaneous Fabricated Metal Products

Mueller Water Products, Inc.

MWA Clue Score72
United States Fiscal year ends September CIK 0001350593
$21.67 +0.51% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $21.67 +41.17% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2017Revenue826.0Operating income102.1Net income123.3EPS, diluted0.76Fiscal year 2018Revenue916.0 +10.9%Operating income121.7Net income105.6 −14.4%EPS, diluted0.66 −13.2%Fiscal year 2019Revenue968.0 +5.7%Operating income124.3Net income63.8 −39.6%EPS, diluted0.40 −39.4%Fiscal year 2020Revenue964.1 −0.4%Operating income116.8Net income72.0 +12.9%EPS, diluted0.45 +12.5%Fiscal year 2021Revenue1,111.0 +15.2%Operating income131.7Net income70.4 −2.2%EPS, diluted0.44 −2.2%Fiscal year 2022Revenue1,247.4 +12.3%Operating income111.6Net income76.6 +8.8%EPS, diluted0.48 +9.1%Fiscal year 2023Revenue1,275.7 +2.3%Operating income127.4Net income85.5 +11.6%EPS, diluted0.55 +14.6%Fiscal year 2024Revenue1,314.7 +3.1%Operating income181.7Net income115.9 +35.6%EPS, diluted0.74 +34.5%Fiscal year 2025Revenue1,429.7 +8.7%Operating income260.6Net income191.7 +65.4%EPS, diluted1.22 +64.9%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 826.0 916.0 968.0 964.1 1,111.0 1,247.4 1,275.7 1,314.7 1,429.7
Growth +10.9% +5.7% −0.4% +15.2% +12.3% +2.3% +3.1% +8.7%
Operating income 102.1 121.7 124.3 116.8 131.7 111.6 127.4 181.7 260.6
Net income 123.3 105.6 63.8 72.0 70.4 76.6 85.5 115.9 191.7
Growth −14.4% −39.6% +12.9% −2.2% +8.8% +11.6% +35.6% +65.4%
EPS, diluted 0.76 0.66 0.40 0.45 0.44 0.48 0.55 0.74 1.22
Growth −13.2% −39.4% +12.5% −2.2% +9.1% +14.6% +34.5% +64.9%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2017Gross margin32.4%Operating margin12.4%Net margin14.9%Free cash flow margin2.3%Fiscal year 2018Gross margin31.6%Operating margin13.3%Net margin11.5%Free cash flow margin8.4%Fiscal year 2019Gross margin33.2%Operating margin12.8%Net margin6.6%Free cash flow margin0.6%Fiscal year 2020Gross margin34.0%Operating margin12.1%Net margin7.5%Free cash flow margin7.5%Fiscal year 2021Gross margin32.3%Operating margin11.9%Net margin6.3%Free cash flow margin8.5%Fiscal year 2022Gross margin29.2%Operating margin8.9%Net margin6.1%Free cash flow margin−0.2%Fiscal year 2023Gross margin29.7%Operating margin10.0%Net margin6.7%Free cash flow margin4.8%Fiscal year 2024Gross margin34.9%Operating margin13.8%Net margin8.8%Free cash flow margin14.6%Fiscal year 2025Gross margin36.1%Operating margin18.2%Net margin13.4%Free cash flow margin12.0%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 32.4% 31.6% 33.2% 34.0% 32.3% 29.2% 29.7% 34.9% 36.1%
Operating margin 12.4% 13.3% 12.8% 12.1% 11.9% 8.9% 10.0% 13.8% 18.2%
Net margin 14.9% 11.5% 6.6% 7.5% 6.3% 6.1% 6.7% 8.8% 13.4%
Free cash flow margin 2.3% 8.4% 0.6% 7.5% 8.5% −0.2% 4.8% 14.6% 12.0%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2017Operating cash flow59.4Capital expenditure−40.6Free cash flow18.8Buybacks−55.0Dividends paid−24.0Fiscal year 2018Operating cash flow133.1Capital expenditure−55.7Free cash flow77.4 +311.7%Buybacks−30.0Dividends paid−30.1Fiscal year 2019Operating cash flow92.5Capital expenditure−86.6Free cash flow5.9 −92.4%Buybacks−10.0Dividends paid−32.0Fiscal year 2020Operating cash flow140.3Capital expenditure−67.7Free cash flow72.6 +1,130.5%Buybacks−5.0Dividends paid−33.1Fiscal year 2021Operating cash flow156.7Capital expenditure−62.7Free cash flow94.0 +29.5%Buybacks−10.0Dividends paid−34.8Fiscal year 2022Operating cash flow52.3Capital expenditure−54.7Free cash flow−2.4 −102.6%Buybacks−35.0Dividends paid−36.5Fiscal year 2023Operating cash flow109.0Capital expenditure−47.6Free cash flow61.4Buybacks−10.0Dividends paid−38.1Fiscal year 2024Operating cash flow238.8Capital expenditure−47.4Free cash flow191.4 +211.7%Buybacks−10.0Dividends paid−39.9Fiscal year 2025Operating cash flow219.3Capital expenditure−47.3Free cash flow172.0 −10.1%Buybacks−15.0Dividends paid−41.9
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 59.4 133.1 92.5 140.3 156.7 52.3 109.0 238.8 219.3
Capital expenditure −40.6 −55.7 −86.6 −67.7 −62.7 −54.7 −47.6 −47.4 −47.3
Free cash flow 18.8 77.4 5.9 72.6 94.0 −2.4 61.4 191.4 172.0
Growth +311.7% −92.4% +1,130.5% +29.5% −102.6% +211.7% −10.1%
Buybacks −55.0 −30.0 −10.0 −5.0 −10.0 −35.0 −10.0 −10.0 −15.0
Dividends paid −24.0 −30.1 −32.0 −33.1 −34.8 −36.5 −38.1 −39.9 −41.9

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2017Cash361.7Total debt480.6Net cash (debt)−118.9Shareholders’ equity488.4Debt to equity0.98Fiscal year 2018Cash347.1Total debt445.0Net cash (debt)−97.9Shareholders’ equity563.3Debt to equity0.79Fiscal year 2019Cash176.7Total debt446.3Net cash (debt)−269.6Shareholders’ equity590.1Debt to equity0.76Fiscal year 2020Cash208.9Total debt447.6Net cash (debt)−238.7Shareholders’ equity640.7Debt to equity0.70Fiscal year 2021Cash227.5Total debt446.9Net cash (debt)−219.4Shareholders’ equity694.9Debt to equity0.64Fiscal year 2022Cash146.5Total debt446.9Net cash (debt)−300.4Shareholders’ equity669.3Debt to equity0.67Fiscal year 2023Cash160.3Total debt447.4Net cash (debt)−287.1Shareholders’ equity711.5Debt to equity0.63Fiscal year 2024Cash309.9Total debt449.5Net cash (debt)−139.6Shareholders’ equity810.1Debt to equity0.55Fiscal year 2025Cash431.5Total debt451.6Net cash (debt)−20.1Shareholders’ equity981.7Debt to equity0.46
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 361.7 347.1 176.7 208.9 227.5 146.5 160.3 309.9 431.5
Total debt 480.6 445.0 446.3 447.6 446.9 446.9 447.4 449.5 451.6
Net cash (debt) −118.9 −97.9 −269.6 −238.7 −219.4 −300.4 −287.1 −139.6 −20.1
Shareholders’ equity 488.4 563.3 590.1 640.7 694.9 669.3 711.5 810.1 981.7
Debt to equity 0.98 0.79 0.76 0.70 0.64 0.67 0.63 0.55 0.46

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending September, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2017 30 Sep 2017 FY2018 30 Sep 2018 FY2019 30 Sep 2019 FY2020 30 Sep 2020 FY2021 30 Sep 2021 FY2022 30 Sep 2022 FY2023 30 Sep 2023 FY2024 30 Sep 2024 FY2025 30 Sep 2025
Margins
32.4% 31.6% 33.2% 34.0% 32.3% 29.2% 29.7% 34.9% 36.1%
12.4% 13.3% 12.8% 12.1% 11.9% 8.9% 10.0% 13.8% 18.2%
n/a 10.4% 8.5% 9.8% 8.5% 7.9% 8.5% 12.4% 17.8%
14.9% 11.5% 6.6% 7.5% 6.3% 6.1% 6.7% 8.8% 13.4%
2.3% 8.4% 0.6% 7.5% 8.5% −0.2% 4.8% 14.6% 12.0%
Spending
1.5% 1.3% 1.5% 1.6% 1.5% 2.0% 2.0% 1.6% 1.4%
18.8% 18.2% 18.9% 20.6% 19.7% 19.1% 19.0% 18.7% 17.3%
4.9% 6.1% 8.9% 7.0% 5.6% 4.4% 3.7% 3.6% 3.3%
n/a −10.3% 22.3% 23.5% 25.8% 22.3% 21.6% 29.1% 24.6%
Returns
25.2% 18.7% 10.8% 11.2% 10.1% 11.4% 12.0% 14.3% 19.5%
9.8% 8.2% 4.8% 5.2% 4.6% 5.1% 5.7% 7.1% 10.4%
Balance and payout
0.98 0.79 0.76 0.70 0.64 0.67 0.63 0.55 0.46
61.1% 56.3% 55.7% 54.1% 54.2% 55.3% 52.7% 50.5% 46.6%
19.5% 28.5% 50.2% 46.0% 49.4% 47.7% 44.6% 34.4% 21.9%
420.2% 77.6% 711.9% 52.5% 47.7% n/a 78.3% 26.1% 33.1%