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

UiPath, Inc. is the larger business by last-quarter revenue ($411.1M vs $318.2M, roughly 1.3× Mueller Water Products, Inc.). UiPath, Inc. runs the higher net margin — 48.4% vs 13.6%, a 34.8% gap on every dollar of revenue. On growth, UiPath, Inc. posted the faster year-over-year revenue change (15.9% vs 4.6%). Mueller Water Products, Inc. produced more free cash flow last quarter ($44.0M vs $25.1M). Over the past eight quarters, UiPath, Inc.'s revenue compounded faster (0.7% 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.

UiPath Inc. is a global software company that develops artificial intelligence (AI) and agentic automation and orchestration software. The company's software enables the building and orchestration of AI agents to automate complex processes and workflows.

MWA vs PATH — Head-to-Head

Bigger by revenue
PATH
PATH
1.3× larger
PATH
$411.1M
$318.2M
MWA
Growing faster (revenue YoY)
PATH
PATH
+11.4% gap
PATH
15.9%
4.6%
MWA
Higher net margin
PATH
PATH
34.8% more per $
PATH
48.4%
13.6%
MWA
More free cash flow
MWA
MWA
$18.9M more FCF
MWA
$44.0M
$25.1M
PATH
Faster 2-yr revenue CAGR
PATH
PATH
Annualised
PATH
0.7%
-5.1%
MWA

Income Statement — Q1 FY2026 vs Q3 FY2026

Metric
MWA
MWA
PATH
PATH
Revenue
$318.2M
$411.1M
Net Profit
$43.2M
$198.8M
Gross Margin
37.6%
83.3%
Operating Margin
17.8%
3.2%
Net Margin
13.6%
48.4%
Revenue YoY
4.6%
15.9%
Net Profit YoY
22.4%
1966.2%
EPS (diluted)
$0.27
$0.37

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
PATH
PATH
Q4 25
$318.2M
$411.1M
Q3 25
$380.8M
$361.7M
Q2 25
$380.3M
$356.6M
Q1 25
$364.3M
$423.6M
Q4 24
$304.3M
$354.7M
Q3 24
$348.2M
$316.3M
Q2 24
$356.7M
$335.1M
Q1 24
$353.4M
$405.3M
Net Profit
MWA
MWA
PATH
PATH
Q4 25
$43.2M
$198.8M
Q3 25
$52.6M
$1.6M
Q2 25
$52.5M
$-22.6M
Q1 25
$51.3M
$51.8M
Q4 24
$35.3M
$-10.7M
Q3 24
$10.0M
$-86.1M
Q2 24
$47.3M
$-28.7M
Q1 24
$44.3M
$33.9M
Gross Margin
MWA
MWA
PATH
PATH
Q4 25
37.6%
83.3%
Q3 25
36.8%
82.2%
Q2 25
38.3%
82.1%
Q1 25
35.1%
84.8%
Q4 24
33.8%
82.0%
Q3 24
31.8%
80.0%
Q2 24
36.8%
83.5%
Q1 24
36.9%
86.8%
Operating Margin
MWA
MWA
PATH
PATH
Q4 25
17.8%
3.2%
Q3 25
18.3%
-5.6%
Q2 25
19.4%
-4.6%
Q1 25
19.2%
7.9%
Q4 24
15.6%
-12.2%
Q3 24
8.2%
-32.7%
Q2 24
18.8%
-14.8%
Q1 24
18.0%
3.7%
Net Margin
MWA
MWA
PATH
PATH
Q4 25
13.6%
48.4%
Q3 25
13.8%
0.4%
Q2 25
13.8%
-6.3%
Q1 25
14.1%
12.2%
Q4 24
11.6%
-3.0%
Q3 24
2.9%
-27.2%
Q2 24
13.3%
-8.6%
Q1 24
12.5%
8.4%
EPS (diluted)
MWA
MWA
PATH
PATH
Q4 25
$0.27
$0.37
Q3 25
$0.34
$0.00
Q2 25
$0.33
$-0.04
Q1 25
$0.33
$0.09
Q4 24
$0.22
$-0.02
Q3 24
$0.07
$-0.15
Q2 24
$0.30
$-0.05
Q1 24
$0.28
$0.07

Balance Sheet & Financial Strength

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

Metric
MWA
MWA
PATH
PATH
Cash + ST InvestmentsLiquidity on hand
$1.4B
Total DebtLower is stronger
Stockholders' EquityBook value
$1.0B
$1.9B
Total Assets
$1.8B
$2.9B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MWA
MWA
PATH
PATH
Q4 25
$1.4B
Q3 25
$1.4B
Q2 25
$1.6B
Q1 25
$1.6B
Q4 24
$1.6B
Q3 24
$1.7B
Q2 24
$1.9B
Q1 24
$1.9B
Stockholders' Equity
MWA
MWA
PATH
PATH
Q4 25
$1.0B
$1.9B
Q3 25
$981.7M
$1.7B
Q2 25
$929.0M
$1.7B
Q1 25
$873.6M
$1.8B
Q4 24
$834.1M
$1.7B
Q3 24
$810.1M
$1.8B
Q2 24
$791.6M
$2.0B
Q1 24
$754.5M
$2.0B
Total Assets
MWA
MWA
PATH
PATH
Q4 25
$1.8B
$2.9B
Q3 25
$1.8B
$2.6B
Q2 25
$1.7B
$2.6B
Q1 25
$1.7B
$2.9B
Q4 24
$1.6B
$2.7B
Q3 24
$1.6B
$2.7B
Q2 24
$1.6B
$2.8B
Q1 24
$1.5B
$3.0B

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
PATH
PATH
Operating Cash FlowLast quarter
$61.2M
$28.3M
Free Cash FlowOCF − Capex
$44.0M
$25.1M
FCF MarginFCF / Revenue
13.8%
6.1%
Capex IntensityCapex / Revenue
5.4%
0.8%
Cash ConversionOCF / Net Profit
1.42×
0.14×
TTM Free Cash FlowTrailing 4 quarters
$173.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MWA
MWA
PATH
PATH
Q4 25
$61.2M
$28.3M
Q3 25
$83.5M
$41.6M
Q2 25
$67.4M
$119.0M
Q1 25
$14.3M
$146.1M
Q4 24
$54.1M
$28.1M
Q3 24
$89.3M
$46.4M
Q2 24
$87.3M
$100.0M
Q1 24
$-5.7M
$145.6M
Free Cash Flow
MWA
MWA
PATH
PATH
Q4 25
$44.0M
$25.1M
Q3 25
$69.0M
Q2 25
$55.7M
$106.2M
Q1 25
$5.1M
$138.7M
Q4 24
$42.2M
$23.2M
Q3 24
$69.9M
$45.0M
Q2 24
$75.1M
$98.8M
Q1 24
$-15.8M
$141.8M
FCF Margin
MWA
MWA
PATH
PATH
Q4 25
13.8%
6.1%
Q3 25
18.1%
Q2 25
14.6%
29.8%
Q1 25
1.4%
32.7%
Q4 24
13.9%
6.5%
Q3 24
20.1%
14.2%
Q2 24
21.1%
29.5%
Q1 24
-4.5%
35.0%
Capex Intensity
MWA
MWA
PATH
PATH
Q4 25
5.4%
0.8%
Q3 25
3.8%
0.0%
Q2 25
3.1%
3.6%
Q1 25
2.5%
1.7%
Q4 24
3.9%
1.4%
Q3 24
5.6%
0.4%
Q2 24
3.4%
0.4%
Q1 24
2.9%
0.9%
Cash Conversion
MWA
MWA
PATH
PATH
Q4 25
1.42×
0.14×
Q3 25
1.59×
26.25×
Q2 25
1.28×
Q1 25
0.28×
2.82×
Q4 24
1.53×
Q3 24
8.93×
Q2 24
1.85×
Q1 24
-0.13×
4.29×

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%

PATH
PATH

Subscription Services$247.6M60%
License$150.0M36%
Professional Services And Other$13.5M3%

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