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Stocks · Industrials · General Industrial Machinery & Equipment

Zurn Elkay Water Solutions Corp

ZWS Clue Score65
United States Fiscal year ends December CIK 0001439288
$46.57 +0.71% Close, 9 Oct 2026
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Price $46.57 +29.87% 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 2018Revenue1,851.6Operating income266.4Net income75.9EPS, diluted0.62Fiscal year 2019Revenue2,050.9 +10.8%Operating income305.6Net income34.3 −54.8%EPS, diluted0.28 −54.8%Fiscal year 2019Revenue710.1 −65.4%Fiscal year 2020Revenue710.1 +0.0%Operating income104.1Net income180.1EPS, diluted1.45Fiscal year 2020Revenue746.1 +5.1%Operating income107.7Net income146.7 −18.5%EPS, diluted1.19 −17.9%Fiscal year 2021Revenue910.9 +22.1%Operating income107.0Net income120.9 −17.6%EPS, diluted0.97 −18.5%Fiscal year 2022Revenue1,281.8 +40.7%Operating income107.1Net income61.7 −49.0%EPS, diluted0.40 −58.8%Fiscal year 2023Revenue1,530.5 +19.4%Operating income191.4Net income112.7 +82.7%EPS, diluted0.64 +60.0%Fiscal year 2024Revenue1,566.5 +2.4%Operating income244.6Net income160.2 +42.1%EPS, diluted0.92 +43.8%Fiscal year 2025Revenue1,695.9 +8.3%Operating income278.9Net income198.0 +23.6%EPS, diluted1.15 +25.0%
FY2018FY2019FY2019FY2020FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 1,851.6 2,050.9 710.1 710.1 746.1 910.9 1,281.8 1,530.5 1,566.5 1,695.9
Growth +10.8% −65.4% +0.0% +5.1% +22.1% +40.7% +19.4% +2.4% +8.3%
Operating income 266.4 305.6 n/a 104.1 107.7 107.0 107.1 191.4 244.6 278.9
Net income 75.9 34.3 n/a 180.1 146.7 120.9 61.7 112.7 160.2 198.0
Growth −54.8% −18.5% −17.6% −49.0% +82.7% +42.1% +23.6%
EPS, diluted 0.62 0.28 n/a 1.45 1.19 0.97 0.40 0.64 0.92 1.15
Growth −54.8% −17.9% −18.5% −58.8% +60.0% +43.8% +25.0%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2018Gross margin38.2%Operating margin14.4%Net margin4.1%Free cash flow margin10.3%Fiscal year 2019Gross margin38.3%Operating margin14.9%Net margin1.7%Free cash flow margin10.5%Fiscal year 2019Fiscal year 2020Gross margin45.4%Operating margin14.7%Net margin25.4%Free cash flow margin36.2%Fiscal year 2020Gross margin45.3%Operating margin14.4%Net margin19.7%Fiscal year 2021Gross margin41.0%Operating margin11.7%Net margin13.3%Fiscal year 2022Gross margin36.3%Operating margin8.4%Net margin4.8%Fiscal year 2023Gross margin42.3%Operating margin12.5%Net margin7.4%Fiscal year 2024Gross margin45.1%Operating margin15.6%Net margin10.2%Fiscal year 2025Gross margin45.1%Operating margin16.4%Net margin11.7%
FY2018FY2019FY2019FY2020FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 38.2% 38.3% n/a 45.4% 45.3% 41.0% 36.3% 42.3% 45.1% 45.1%
Operating margin 14.4% 14.9% n/a 14.7% 14.4% 11.7% 8.4% 12.5% 15.6% 16.4%
Net margin 4.1% 1.7% n/a 25.4% 19.7% 13.3% 4.8% 7.4% 10.2% 11.7%
Free cash flow margin 10.3% 10.5% n/a 36.2% n/a n/a n/a n/a n/a n/a

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 2018Operating cash flow228.5Capital expenditure−38.0Free cash flow190.5Buybacks0.0Dividends paid0.0Fiscal year 2019Operating cash flow258.1Capital expenditure−42.5Free cash flow215.6 +13.2%Buybacks0.0Dividends paid0.0Fiscal year 2019Fiscal year 2020Operating cash flow298.6Capital expenditure−41.4Free cash flow257.2Buybacks−100.7Dividends paid−9.8Fiscal year 2020Operating cash flow320.2Buybacks−140.0Dividends paid−38.6Fiscal year 2021Operating cash flow223.6Buybacks−0.9Dividends paid−36.4Fiscal year 2022Operating cash flow97.0Buybacks−24.7Dividends paid−32.5Fiscal year 2023Operating cash flow253.9Buybacks−125.1Dividends paid−50.4Fiscal year 2024Operating cash flow293.5Buybacks−150.2Dividends paid−56.6Fiscal year 2025Operating cash flow346.5Buybacks−159.9Dividends paid−63.9
FY2018FY2019FY2019FY2020FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 228.5 258.1 n/a 298.6 320.2 223.6 97.0 253.9 293.5 346.5
Capital expenditure −38.0 −42.5 n/a −41.4 n/a n/a n/a n/a n/a n/a
Free cash flow 190.5 215.6 n/a 257.2 n/a n/a n/a n/a n/a n/a
Growth +13.2%
Buybacks 0.0 0.0 n/a −100.7 −140.0 −0.9 −24.7 −125.1 −150.2 −159.9
Dividends paid 0.0 0.0 n/a −9.8 −38.6 −36.4 −32.5 −50.4 −56.6 −63.9

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2018Cash193.2Total debt1,356.0Net cash (debt)−1,162.8Shareholders’ equity1,212.7Debt to equity1.12Fiscal year 2019Cash292.5Total debt1,238.0Net cash (debt)−945.5Shareholders’ equity1,228.6Debt to equity1.01Fiscal year 2019Cash277.0Total debt1,148.6Net cash (debt)−871.6Shareholders’ equity1,365.6Debt to equity0.84Fiscal year 2020Cash573.4Total debt1,473.4Net cash (debt)−900.0Shareholders’ equity1,311.0Debt to equity1.12Fiscal year 2020Cash62.3Total debt1,118.3Net cash (debt)−1,056.0Shareholders’ equity1,439.3Debt to equity0.78Fiscal year 2021Cash96.6Total debt539.5Net cash (debt)−442.9Shareholders’ equity126.4Debt to equity4.27Fiscal year 2022Cash124.8Total debt535.9Net cash (debt)−411.1Shareholders’ equity1,615.0Debt to equity0.33Fiscal year 2023Cash136.7Total debt495.3Net cash (debt)−358.6Shareholders’ equity1,602.8Debt to equity0.31Fiscal year 2024Cash198.0Total debt495.6Net cash (debt)−297.6Shareholders’ equity1,586.8Debt to equity0.31Fiscal year 2025Cash300.5Total debt496.5Net cash (debt)−196.0Shareholders’ equity1,603.3Debt to equity0.31
FY2018FY2019FY2019FY2020FY2020FY2021FY2022FY2023FY2024FY2025
Cash 193.2 292.5 277.0 573.4 62.3 96.6 124.8 136.7 198.0 300.5
Total debt 1,356.0 1,238.0 1,148.6 1,473.4 1,118.3 539.5 535.9 495.3 495.6 496.5
Net cash (debt) −1,162.8 −945.5 −871.6 −900.0 −1,056.0 −442.9 −411.1 −358.6 −297.6 −196.0
Shareholders’ equity 1,212.7 1,228.6 1,365.6 1,311.0 1,439.3 126.4 1,615.0 1,602.8 1,586.8 1,603.3
Debt to equity 1.12 1.01 0.84 1.12 0.78 4.27 0.33 0.31 0.31 0.31

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

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2017 31 Mar 2017 FY2018 31 Mar 2018 FY2019 31 Mar 2019 FY2019 31 Dec 2019 FY2020 31 Mar 2020 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
1,712.5 1,851.6 2,050.9 710.1 710.1 746.1 910.9 1,281.8 1,530.5 1,566.5 1,695.9
Growth +8.1% +10.8% −65.4% +0.0% +5.1% +22.1% +40.7% +19.4% +2.4% +8.3%
1,086.1 1,145.1 1,266.1 n/a 387.5 407.9 537.7 816.3 882.4 859.5 931.1
626.4 706.5 784.8 n/a 322.6 338.2 373.2 465.5 648.1 707.0 764.8
Growth +12.8% +11.1% +4.8% +10.3% +24.7% +39.2% +9.1% +8.2%
10.4 13.3 16.3 n/a 16.2 n/a n/a n/a n/a n/a n/a
356.1 393.8 433.1 n/a 196.4 206.1 239.0 309.0 371.3 389.8 417.6
203.2 266.4 305.6 n/a 104.1 107.7 107.0 107.1 191.4 244.6 278.9
Growth +31.1% +14.7% +3.5% −0.6% +0.1% +78.7% +27.8% +14.0%
82.0 56.5 238.8 n/a 23.4 38.1 52.4 83.8 146.8 207.0 256.3
15.6 −19.5 53.4 n/a 4.4 9.5 2.7 26.8 42.6 48.1 63.9
74.1 75.9 34.3 n/a 180.1 146.7 120.9 61.7 112.7 160.2 198.0
Growth +2.4% −54.8% −18.5% −17.6% −49.0% +82.7% +42.1% +23.6%
Per share
0.65 0.51 0.11 n/a 1.48 1.21 1.00 0.41 0.65 0.93 1.17
0.64 0.62 0.28 n/a 1.45 1.19 0.97 0.40 0.64 0.92 1.15
Growth −3.1% −54.8% −17.9% −18.5% −58.8% +60.0% +43.8% +25.0%
102.8 103.9 104.6 n/a 111.7 120.8 121.5 151.6 174.3 171.7 168.7
104.8 122.0 123.3 n/a 114.3 123.5 125.1 153.8 177.3 174.7 171.3
Growth +16.4% +1.1% +8.0% +1.3% +23.0% +15.2% −1.5% −1.9%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 17.8% a year over five years, and earnings per share fell 0.7% a year.
  • The diluted share count rose 38.7% in five years, which is dilution.
  • Operating margin is up 2.0 points on five years ago, at 16.4%.
  • Profitable in every one of the 10 years on file.