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Side-by-side financial comparison of Mueller Water Products, Inc. (MWA) and Enpro Inc. (NPO). Click either name above to swap in a different company.

Mueller Water Products, Inc. is the larger business by last-quarter revenue ($318.2M vs $295.4M, roughly 1.1× Enpro Inc.). Mueller Water Products, Inc. runs the higher net margin — 13.6% vs -10.8%, a 24.4% gap on every dollar of revenue. On growth, Enpro Inc. posted the faster year-over-year revenue change (14.3% vs 4.6%). Over the past eight quarters, Enpro Inc.'s revenue compounded faster (7.1% CAGR vs -5.1%).

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.

Enpro is a US-based industrial technology company that designs and manufactures products and materials for technology-intensive sectors. The company serves industries such as semiconductors, aerospace, power generation, heavy-duty trucking, agricultural machinery, chemical processing, pulp and paper, and life sciences from 61 primary manufacturing facilities located in 12 countries, worldwide. It is organized under three segments: Sealing Technologies, Advanced Surface Technologies, and Engin...

MWA vs NPO — Head-to-Head

Bigger by revenue
MWA
MWA
1.1× larger
MWA
$318.2M
$295.4M
NPO
Growing faster (revenue YoY)
NPO
NPO
+9.8% gap
NPO
14.3%
4.6%
MWA
Higher net margin
MWA
MWA
24.4% more per $
MWA
13.6%
-10.8%
NPO
Faster 2-yr revenue CAGR
NPO
NPO
Annualised
NPO
7.1%
-5.1%
MWA

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
MWA
MWA
NPO
NPO
Revenue
$318.2M
$295.4M
Net Profit
$43.2M
$-32.0M
Gross Margin
37.6%
42.1%
Operating Margin
17.8%
11.2%
Net Margin
13.6%
-10.8%
Revenue YoY
4.6%
14.3%
Net Profit YoY
22.4%
-330.2%
EPS (diluted)
$0.27
$-1.50

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
MWA
MWA
NPO
NPO
Q4 25
$318.2M
$295.4M
Q3 25
$380.8M
$286.6M
Q2 25
$380.3M
$288.1M
Q1 25
$364.3M
$273.2M
Q4 24
$304.3M
$258.4M
Q3 24
$348.2M
$260.9M
Q2 24
$356.7M
$271.9M
Q1 24
$353.4M
$257.5M
Net Profit
MWA
MWA
NPO
NPO
Q4 25
$43.2M
$-32.0M
Q3 25
$52.6M
$21.6M
Q2 25
$52.5M
$26.4M
Q1 25
$51.3M
$24.5M
Q4 24
$35.3M
$13.9M
Q3 24
$10.0M
$19.8M
Q2 24
$47.3M
$26.7M
Q1 24
$44.3M
$12.5M
Gross Margin
MWA
MWA
NPO
NPO
Q4 25
37.6%
42.1%
Q3 25
36.8%
41.9%
Q2 25
38.3%
43.3%
Q1 25
35.1%
43.3%
Q4 24
33.8%
42.3%
Q3 24
31.8%
42.3%
Q2 24
36.8%
43.8%
Q1 24
36.9%
41.2%
Operating Margin
MWA
MWA
NPO
NPO
Q4 25
17.8%
11.2%
Q3 25
18.3%
14.3%
Q2 25
19.4%
15.9%
Q1 25
19.2%
15.3%
Q4 24
15.6%
12.5%
Q3 24
8.2%
13.1%
Q2 24
18.8%
17.7%
Q1 24
18.0%
10.9%
Net Margin
MWA
MWA
NPO
NPO
Q4 25
13.6%
-10.8%
Q3 25
13.8%
7.5%
Q2 25
13.8%
9.2%
Q1 25
14.1%
9.0%
Q4 24
11.6%
5.4%
Q3 24
2.9%
7.6%
Q2 24
13.3%
9.8%
Q1 24
12.5%
4.9%
EPS (diluted)
MWA
MWA
NPO
NPO
Q4 25
$0.27
$-1.50
Q3 25
$0.34
$1.01
Q2 25
$0.33
$1.25
Q1 25
$0.33
$1.15
Q4 24
$0.22
$0.65
Q3 24
$0.07
$0.94
Q2 24
$0.30
$1.27
Q1 24
$0.28
$0.59

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
MWA
MWA
NPO
NPO
Cash + ST InvestmentsLiquidity on hand
$114.7M
Total DebtLower is stronger
$655.3M
Stockholders' EquityBook value
$1.0B
$1.5B
Total Assets
$1.8B
$2.7B
Debt / EquityLower = less leverage
0.42×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MWA
MWA
NPO
NPO
Q4 25
$114.7M
Q3 25
$132.9M
Q2 25
$107.1M
Q1 25
$240.3M
Q4 24
$236.3M
Q3 24
$206.9M
Q2 24
$175.9M
Q1 24
$163.9M
Total Debt
MWA
MWA
NPO
NPO
Q4 25
$655.3M
Q3 25
Q2 25
Q1 25
Q4 24
$640.1M
Q3 24
Q2 24
Q1 24
$644.9M
Stockholders' Equity
MWA
MWA
NPO
NPO
Q4 25
$1.0B
$1.5B
Q3 25
$981.7M
$1.5B
Q2 25
$929.0M
$1.5B
Q1 25
$873.6M
$1.5B
Q4 24
$834.1M
$1.4B
Q3 24
$810.1M
$1.5B
Q2 24
$791.6M
$1.4B
Q1 24
$754.5M
$1.4B
Total Assets
MWA
MWA
NPO
NPO
Q4 25
$1.8B
$2.7B
Q3 25
$1.8B
$2.4B
Q2 25
$1.7B
$2.4B
Q1 25
$1.7B
$2.5B
Q4 24
$1.6B
$2.5B
Q3 24
$1.6B
$2.5B
Q2 24
$1.6B
$2.5B
Q1 24
$1.5B
$2.5B
Debt / Equity
MWA
MWA
NPO
NPO
Q4 25
0.42×
Q3 25
Q2 25
Q1 25
Q4 24
0.45×
Q3 24
Q2 24
Q1 24
0.46×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
MWA
MWA
NPO
NPO
Operating Cash FlowLast quarter
$61.2M
Free Cash FlowOCF − Capex
$44.0M
FCF MarginFCF / Revenue
13.8%
Capex IntensityCapex / Revenue
5.4%
4.1%
Cash ConversionOCF / Net Profit
1.42×
TTM Free Cash FlowTrailing 4 quarters
$173.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MWA
MWA
NPO
NPO
Q4 25
$61.2M
Q3 25
$83.5M
$65.3M
Q2 25
$67.4M
$52.2M
Q1 25
$14.3M
$21.0M
Q4 24
$54.1M
$59.4M
Q3 24
$89.3M
$54.0M
Q2 24
$87.3M
$43.2M
Q1 24
$-5.7M
$6.3M
Free Cash Flow
MWA
MWA
NPO
NPO
Q4 25
$44.0M
Q3 25
$69.0M
$53.4M
Q2 25
$55.7M
$42.3M
Q1 25
$5.1M
$13.0M
Q4 24
$42.2M
$49.1M
Q3 24
$69.9M
$48.3M
Q2 24
$75.1M
$38.3M
Q1 24
$-15.8M
$-1.9M
FCF Margin
MWA
MWA
NPO
NPO
Q4 25
13.8%
Q3 25
18.1%
18.6%
Q2 25
14.6%
14.7%
Q1 25
1.4%
4.8%
Q4 24
13.9%
19.0%
Q3 24
20.1%
18.5%
Q2 24
21.1%
14.1%
Q1 24
-4.5%
-0.7%
Capex Intensity
MWA
MWA
NPO
NPO
Q4 25
5.4%
4.1%
Q3 25
3.8%
4.2%
Q2 25
3.1%
3.4%
Q1 25
2.5%
2.9%
Q4 24
3.9%
4.0%
Q3 24
5.6%
2.2%
Q2 24
3.4%
1.8%
Q1 24
2.9%
3.2%
Cash Conversion
MWA
MWA
NPO
NPO
Q4 25
1.42×
Q3 25
1.59×
3.02×
Q2 25
1.28×
1.98×
Q1 25
0.28×
0.86×
Q4 24
1.53×
4.27×
Q3 24
8.93×
2.73×
Q2 24
1.85×
1.62×
Q1 24
-0.13×
0.50×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

MWA
MWA

Water Flow Solutions$173.0M54%
Water Management Solutions$145.2M46%

NPO
NPO

Sealing Technologies Segment$187.0M63%
General Industrial$71.3M24%
Power Generation$19.9M7%
Oiland Gas Market$15.0M5%
Semiconductors$2.2M1%

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