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Side-by-side financial comparison of Mueller Water Products, Inc. (MWA) and Phillips Edison & Company, Inc. (PECO). 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 $190.7M, roughly 1.7× Phillips Edison & Company, Inc.). Phillips Edison & Company, Inc. runs the higher net margin — 17.4% vs 13.6%, a 3.9% gap on every dollar of revenue. On growth, Phillips Edison & Company, Inc. posted the faster year-over-year revenue change (7.0% vs 4.6%). Over the past eight quarters, Phillips Edison & Company, Inc.'s revenue compounded faster (8.7% 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.

Consolidated Edison, Inc., commonly known as Con Edison or ConEd, is an energy company based in New York City. It is one of the largest investor-owned energy companies in the United States, with approximately $15.26 billion in annual revenues as of 2024, and over $70 billion in assets. The company provides a wide range of energy-related products and services to its customers through its subsidiaries:Consolidated Edison Company of New York, Inc. (CECONY), a regulated utility providing electric...

MWA vs PECO — Head-to-Head

Bigger by revenue
MWA
MWA
1.7× larger
MWA
$318.2M
$190.7M
PECO
Growing faster (revenue YoY)
PECO
PECO
+2.4% gap
PECO
7.0%
4.6%
MWA
Higher net margin
PECO
PECO
3.9% more per $
PECO
17.4%
13.6%
MWA
Faster 2-yr revenue CAGR
PECO
PECO
Annualised
PECO
8.7%
-5.1%
MWA

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
MWA
MWA
PECO
PECO
Revenue
$318.2M
$190.7M
Net Profit
$43.2M
$33.2M
Gross Margin
37.6%
Operating Margin
17.8%
Net Margin
13.6%
17.4%
Revenue YoY
4.6%
7.0%
Net Profit YoY
22.4%
15.1%
EPS (diluted)
$0.27
$0.24

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
PECO
PECO
Q1 26
$190.7M
Q4 25
$318.2M
$187.9M
Q3 25
$380.8M
$182.7M
Q2 25
$380.3M
$177.8M
Q1 25
$364.3M
$178.3M
Q4 24
$304.3M
$173.0M
Q3 24
$348.2M
$165.5M
Q2 24
$356.7M
$161.5M
Net Profit
MWA
MWA
PECO
PECO
Q1 26
$33.2M
Q4 25
$43.2M
$47.5M
Q3 25
$52.6M
$24.7M
Q2 25
$52.5M
$12.8M
Q1 25
$51.3M
$26.3M
Q4 24
$35.3M
$18.1M
Q3 24
$10.0M
$11.6M
Q2 24
$47.3M
$15.3M
Gross Margin
MWA
MWA
PECO
PECO
Q1 26
Q4 25
37.6%
Q3 25
36.8%
Q2 25
38.3%
Q1 25
35.1%
Q4 24
33.8%
Q3 24
31.8%
Q2 24
36.8%
Operating Margin
MWA
MWA
PECO
PECO
Q1 26
Q4 25
17.8%
Q3 25
18.3%
Q2 25
19.4%
Q1 25
19.2%
Q4 24
15.6%
Q3 24
8.2%
Q2 24
18.8%
Net Margin
MWA
MWA
PECO
PECO
Q1 26
17.4%
Q4 25
13.6%
25.3%
Q3 25
13.8%
13.5%
Q2 25
13.8%
7.2%
Q1 25
14.1%
14.8%
Q4 24
11.6%
10.5%
Q3 24
2.9%
7.0%
Q2 24
13.3%
9.5%
EPS (diluted)
MWA
MWA
PECO
PECO
Q1 26
$0.24
Q4 25
$0.27
$0.38
Q3 25
$0.34
$0.20
Q2 25
$0.33
$0.10
Q1 25
$0.33
$0.21
Q4 24
$0.22
$0.16
Q3 24
$0.07
$0.09
Q2 24
$0.30
$0.12

Balance Sheet & Financial Strength

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

Metric
MWA
MWA
PECO
PECO
Cash + ST InvestmentsLiquidity on hand
$3.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.0B
$2.3B
Total Assets
$1.8B
$5.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MWA
MWA
PECO
PECO
Q1 26
$3.1M
Q4 25
$3.5M
Q3 25
$4.1M
Q2 25
$5.6M
Q1 25
$5.5M
Q4 24
$4.9M
Q3 24
$6.4M
Q2 24
$7.1M
Total Debt
MWA
MWA
PECO
PECO
Q1 26
Q4 25
$2.4B
Q3 25
$2.4B
Q2 25
$2.4B
Q1 25
$2.3B
Q4 24
$2.1B
Q3 24
$2.1B
Q2 24
$2.0B
Stockholders' Equity
MWA
MWA
PECO
PECO
Q1 26
$2.3B
Q4 25
$1.0B
$2.3B
Q3 25
$981.7M
$2.3B
Q2 25
$929.0M
$2.3B
Q1 25
$873.6M
$2.3B
Q4 24
$834.1M
$2.3B
Q3 24
$810.1M
$2.2B
Q2 24
$791.6M
$2.3B
Total Assets
MWA
MWA
PECO
PECO
Q1 26
$5.4B
Q4 25
$1.8B
$5.3B
Q3 25
$1.8B
$5.3B
Q2 25
$1.7B
$5.3B
Q1 25
$1.7B
$5.2B
Q4 24
$1.6B
$5.0B
Q3 24
$1.6B
$5.0B
Q2 24
$1.6B
$4.9B
Debt / Equity
MWA
MWA
PECO
PECO
Q1 26
Q4 25
1.04×
Q3 25
1.05×
Q2 25
1.04×
Q1 25
0.99×
Q4 24
0.91×
Q3 24
0.94×
Q2 24
0.90×

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
PECO
PECO
Operating Cash FlowLast quarter
$61.2M
$55.6M
Free Cash FlowOCF − Capex
$44.0M
FCF MarginFCF / Revenue
13.8%
Capex IntensityCapex / Revenue
5.4%
12.6%
Cash ConversionOCF / Net Profit
1.42×
1.67×
TTM Free Cash FlowTrailing 4 quarters
$173.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MWA
MWA
PECO
PECO
Q1 26
$55.6M
Q4 25
$61.2M
$348.1M
Q3 25
$83.5M
$95.4M
Q2 25
$67.4M
$96.1M
Q1 25
$14.3M
$60.5M
Q4 24
$54.1M
$334.7M
Q3 24
$89.3M
$109.1M
Q2 24
$87.3M
$78.5M
Free Cash Flow
MWA
MWA
PECO
PECO
Q1 26
Q4 25
$44.0M
Q3 25
$69.0M
Q2 25
$55.7M
Q1 25
$5.1M
Q4 24
$42.2M
Q3 24
$69.9M
Q2 24
$75.1M
FCF Margin
MWA
MWA
PECO
PECO
Q1 26
Q4 25
13.8%
Q3 25
18.1%
Q2 25
14.6%
Q1 25
1.4%
Q4 24
13.9%
Q3 24
20.1%
Q2 24
21.1%
Capex Intensity
MWA
MWA
PECO
PECO
Q1 26
12.6%
Q4 25
5.4%
Q3 25
3.8%
Q2 25
3.1%
Q1 25
2.5%
Q4 24
3.9%
Q3 24
5.6%
Q2 24
3.4%
Cash Conversion
MWA
MWA
PECO
PECO
Q1 26
1.67×
Q4 25
1.42×
7.33×
Q3 25
1.59×
3.87×
Q2 25
1.28×
7.52×
Q1 25
0.28×
2.30×
Q4 24
1.53×
18.45×
Q3 24
8.93×
9.40×
Q2 24
1.85×
5.14×

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%

PECO
PECO

Rental income$186.3M98%
Fees and management income$3.4M2%

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