Mueller Water Products, Inc.MWAEarnings & Financial Report
Mueller Water Products, Inc. (MWP) is a publicly traded company headquartered in Atlanta, Georgia. It is one of the largest manufacturers and distributors of fire hydrants, gate valves, and other water infrastructure products in North America. MWP is made up of two business units—Mueller Co. and Mueller Technologies—that oversee more than a dozen brands and affiliates, including Echologics and Mueller Systems.
Revenue
$380.3M
Gross Profit
$145.7M
Operating Profit
$73.7M
Net Profit
$52.5M
Gross Margin
38.3%
Operating Margin
19.4%
Net Margin
13.8%
YoY Growth
6.6%
EPS
$0.33
Mueller Water Products, Inc. Q3 FY2025 Financial Summary
Mueller Water Products, Inc. reported revenue of $380.3M (up 6.6% YoY) for Q3 FY2025, with a net profit of $52.5M (up 11.0% YoY) (13.8% margin). Cost of goods sold was $234.6M, operating expenses totaled $72.0M.
Key Financial Metrics
| Total Revenue | $380.3M |
|---|---|
| Net Profit | $52.5M |
| Gross Margin | 38.3% |
| Operating Margin | 19.4% |
| Report Period | Q3 FY2025 |
Revenue Breakdown
Mueller Water Products, Inc. Q3 FY2025 revenue of $380.3M breaks down across 2 segments, led by Mueller Co at $216.6M (57.0% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Mueller Co | $216.6M | 57.0% |
| Mueller Technologies | $163.7M | 43.0% |
Mueller Water Products, Inc. Revenue by Segment — Quarterly Trend
Mueller Water Products, Inc. revenue by segment across the last 4 reported quarters, showing how each business line (such as Mueller Co and Mueller Technologies) has evolved quarter over quarter.
| Segment | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 |
|---|---|---|---|---|
| Mueller Co | — | — | $216.6M | $216.2M |
| Mueller Technologies | — | — | $163.7M | $148.1M |
Mueller Water Products, Inc. Annual Revenue by Year
Mueller Water Products, Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $1.4B).
| Year | Annual Revenue |
|---|---|
| 2025 | $1.4B |
| 2024 | $1.3B |
| 2023 | $1.3B |
| 2022 | $1.2B |
Mueller Water Products, Inc. Quarterly Revenue & Net Profit History
Mueller Water Products, Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $318.2M | +4.6% | $43.2M | 13.6% |
| Q4 FY2025 | $380.8M | +9.4% | $52.6M | 13.8% |
| Q3 FY2025 | $380.3M | +6.6% | $52.5M | 13.8% |
| Q2 FY2025 | $364.3M | +3.1% | $51.3M | 14.1% |
| Q1 FY2025 | $304.3M | +18.7% | $35.3M | 11.6% |
| Q4 FY2024 | $348.2M | +15.5% | $10.0M | 2.9% |
| Q3 FY2024 | $356.7M | +9.2% | $47.3M | 13.3% |
| Q2 FY2024 | $353.4M | +6.2% | $44.3M | 12.5% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $353.4M | $356.7M | $348.2M | $304.3M | $364.3M | $380.3M | $380.8M | $318.2M |
| YoY Growth | 6.2% | 9.2% | 15.5% | 18.7% | 3.1% | 6.6% | 9.4% | 4.6% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $1.54B | $1.57B | $1.64B | $1.62B | $1.67B | $1.73B | $1.84B | $1.85B |
| Liabilities | $784.9M | $777.0M | $825.8M | $785.1M | $797.0M | $801.4M | $857.2M | $828.6M |
| Equity | $754.5M | $791.6M | $810.1M | $834.1M | $873.6M | $929.0M | $981.7M | $1.02B |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-5.7M | $87.3M | $89.3M | $54.1M | $14.3M | $67.4M | $83.5M | $61.2M |