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Side-by-side financial comparison of Mueller Water Products, Inc. (MWA) and ORMAT TECHNOLOGIES, INC. (ORA). 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 $276.0M, roughly 1.2× ORMAT TECHNOLOGIES, INC.). Mueller Water Products, Inc. runs the higher net margin — 13.6% vs 11.4%, a 2.2% gap on every dollar of revenue. On growth, ORMAT TECHNOLOGIES, INC. posted the faster year-over-year revenue change (19.6% vs 4.6%). Mueller Water Products, Inc. produced more free cash flow last quarter ($44.0M vs $-40.0M). Over the past eight quarters, ORMAT TECHNOLOGIES, INC.'s revenue compounded faster (11.0% 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.

Ormat Technologies, Inc. is an international company based in Reno, Nevada, United States. Ormat supplies alternative and renewable geothermal energy technology. The company has built over 190 power plants and installed over 3,200 MW of output. As of January 2021 it owns and operates 933 MW of geothermal and recovered energy based power plants. Ormat has supplied over 1000 turbochargers worldwide, in North America, South America, Europe, Australia, and Asia. The company's products also includ...

MWA vs ORA — Head-to-Head

Bigger by revenue
MWA
MWA
1.2× larger
MWA
$318.2M
$276.0M
ORA
Growing faster (revenue YoY)
ORA
ORA
+15.1% gap
ORA
19.6%
4.6%
MWA
Higher net margin
MWA
MWA
2.2% more per $
MWA
13.6%
11.4%
ORA
More free cash flow
MWA
MWA
$84.0M more FCF
MWA
$44.0M
$-40.0M
ORA
Faster 2-yr revenue CAGR
ORA
ORA
Annualised
ORA
11.0%
-5.1%
MWA

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
MWA
MWA
ORA
ORA
Revenue
$318.2M
$276.0M
Net Profit
$43.2M
$31.4M
Gross Margin
37.6%
28.6%
Operating Margin
17.8%
15.4%
Net Margin
13.6%
11.4%
Revenue YoY
4.6%
19.6%
Net Profit YoY
22.4%
-23.2%
EPS (diluted)
$0.27
$0.51

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
ORA
ORA
Q4 25
$318.2M
$276.0M
Q3 25
$380.8M
$249.7M
Q2 25
$380.3M
$234.0M
Q1 25
$364.3M
$229.8M
Q4 24
$304.3M
$230.7M
Q3 24
$348.2M
$211.8M
Q2 24
$356.7M
$213.0M
Q1 24
$353.4M
$224.2M
Net Profit
MWA
MWA
ORA
ORA
Q4 25
$43.2M
$31.4M
Q3 25
$52.6M
$24.1M
Q2 25
$52.5M
$28.0M
Q1 25
$51.3M
$40.4M
Q4 24
$35.3M
$40.8M
Q3 24
$10.0M
$22.1M
Q2 24
$47.3M
$22.2M
Q1 24
$44.3M
$38.6M
Gross Margin
MWA
MWA
ORA
ORA
Q4 25
37.6%
28.6%
Q3 25
36.8%
25.6%
Q2 25
38.3%
24.3%
Q1 25
35.1%
31.7%
Q4 24
33.8%
31.9%
Q3 24
31.8%
27.8%
Q2 24
36.8%
28.8%
Q1 24
36.9%
35.2%
Operating Margin
MWA
MWA
ORA
ORA
Q4 25
17.8%
15.4%
Q3 25
18.3%
16.2%
Q2 25
19.4%
15.1%
Q1 25
19.2%
22.2%
Q4 24
15.6%
21.3%
Q3 24
8.2%
16.8%
Q2 24
18.8%
16.5%
Q1 24
18.0%
23.5%
Net Margin
MWA
MWA
ORA
ORA
Q4 25
13.6%
11.4%
Q3 25
13.8%
9.7%
Q2 25
13.8%
12.0%
Q1 25
14.1%
17.6%
Q4 24
11.6%
17.7%
Q3 24
2.9%
10.4%
Q2 24
13.3%
10.4%
Q1 24
12.5%
17.2%
EPS (diluted)
MWA
MWA
ORA
ORA
Q4 25
$0.27
$0.51
Q3 25
$0.34
$0.39
Q2 25
$0.33
$0.46
Q1 25
$0.33
$0.66
Q4 24
$0.22
$0.67
Q3 24
$0.07
$0.36
Q2 24
$0.30
$0.37
Q1 24
$0.28
$0.64

Balance Sheet & Financial Strength

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

Metric
MWA
MWA
ORA
ORA
Cash + ST InvestmentsLiquidity on hand
$147.4M
Total DebtLower is stronger
$2.7B
Stockholders' EquityBook value
$1.0B
$2.5B
Total Assets
$1.8B
$6.2B
Debt / EquityLower = less leverage
1.05×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MWA
MWA
ORA
ORA
Q4 25
$147.4M
Q3 25
$79.6M
Q2 25
$88.5M
Q1 25
$112.7M
Q4 24
$94.4M
Q3 24
$88.1M
Q2 24
$66.3M
Q1 24
$201.5M
Total Debt
MWA
MWA
ORA
ORA
Q4 25
$2.7B
Q3 25
Q2 25
Q1 25
Q4 24
$2.3B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
MWA
MWA
ORA
ORA
Q4 25
$1.0B
$2.5B
Q3 25
$981.7M
$2.5B
Q2 25
$929.0M
$2.5B
Q1 25
$873.6M
$2.5B
Q4 24
$834.1M
$2.4B
Q3 24
$810.1M
$2.4B
Q2 24
$791.6M
$2.4B
Q1 24
$754.5M
$2.4B
Total Assets
MWA
MWA
ORA
ORA
Q4 25
$1.8B
$6.2B
Q3 25
$1.8B
$6.1B
Q2 25
$1.7B
$6.0B
Q1 25
$1.7B
$5.8B
Q4 24
$1.6B
$5.7B
Q3 24
$1.6B
$5.6B
Q2 24
$1.6B
$5.5B
Q1 24
$1.5B
$5.5B
Debt / Equity
MWA
MWA
ORA
ORA
Q4 25
1.05×
Q3 25
Q2 25
Q1 25
Q4 24
0.97×
Q3 24
Q2 24
Q1 24

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
ORA
ORA
Operating Cash FlowLast quarter
$61.2M
$105.0M
Free Cash FlowOCF − Capex
$44.0M
$-40.0M
FCF MarginFCF / Revenue
13.8%
-14.5%
Capex IntensityCapex / Revenue
5.4%
52.6%
Cash ConversionOCF / Net Profit
1.42×
3.35×
TTM Free Cash FlowTrailing 4 quarters
$173.8M
$-284.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MWA
MWA
ORA
ORA
Q4 25
$61.2M
$105.0M
Q3 25
$83.5M
$45.2M
Q2 25
$67.4M
$96.9M
Q1 25
$14.3M
$88.0M
Q4 24
$54.1M
$158.6M
Q3 24
$89.3M
$106.4M
Q2 24
$87.3M
$30.7M
Q1 24
$-5.7M
$115.2M
Free Cash Flow
MWA
MWA
ORA
ORA
Q4 25
$44.0M
$-40.0M
Q3 25
$69.0M
$-102.1M
Q2 25
$55.7M
$-37.9M
Q1 25
$5.1M
$-104.6M
Q4 24
$42.2M
$30.9M
Q3 24
$69.9M
$-3.3M
Q2 24
$75.1M
$-116.1M
Q1 24
$-15.8M
$11.8M
FCF Margin
MWA
MWA
ORA
ORA
Q4 25
13.8%
-14.5%
Q3 25
18.1%
-40.9%
Q2 25
14.6%
-16.2%
Q1 25
1.4%
-45.5%
Q4 24
13.9%
13.4%
Q3 24
20.1%
-1.6%
Q2 24
21.1%
-54.5%
Q1 24
-4.5%
5.3%
Capex Intensity
MWA
MWA
ORA
ORA
Q4 25
5.4%
52.6%
Q3 25
3.8%
59.0%
Q2 25
3.1%
57.6%
Q1 25
2.5%
83.8%
Q4 24
3.9%
55.4%
Q3 24
5.6%
51.8%
Q2 24
3.4%
69.0%
Q1 24
2.9%
46.1%
Cash Conversion
MWA
MWA
ORA
ORA
Q4 25
1.42×
3.35×
Q3 25
1.59×
1.87×
Q2 25
1.28×
3.45×
Q1 25
0.28×
2.18×
Q4 24
1.53×
3.89×
Q3 24
8.93×
4.82×
Q2 24
1.85×
1.38×
Q1 24
-0.13×
2.99×

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%

ORA
ORA

Electricity$186.6M68%
Products$63.1M23%
Energy Storage Segment$26.3M10%
Product Segment$1.2M0%

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