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

RBC Bearings INC is the larger business by last-quarter revenue ($461.6M vs $318.2M, roughly 1.5× Mueller Water Products, Inc.). RBC Bearings INC runs the higher net margin — 14.6% vs 13.6%, a 1.0% gap on every dollar of revenue. On growth, RBC Bearings INC posted the faster year-over-year revenue change (17.0% vs 4.6%). RBC Bearings INC produced more free cash flow last quarter ($99.1M vs $44.0M). Over the past eight quarters, RBC Bearings INC's revenue compounded faster (5.6% 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.

Dover Corporation is an American conglomerate manufacturer of industrial products. The Downers Grove, Illinois-based company was founded in 1955. As of 2021, Dover's business was divided into five segments: Engineered Products, Clean Energy and Fueling, Imaging & Identification, Pumps & Process Solutions and Climate and Sustainability Technologies. Dover is a constituent of the S&P 500 index and trades on the New York Stock Exchange under the symbol DOV. Dover was ranked 448 in the 2024 Fortu...

MWA vs RBC — Head-to-Head

Bigger by revenue
RBC
RBC
1.5× larger
RBC
$461.6M
$318.2M
MWA
Growing faster (revenue YoY)
RBC
RBC
+12.5% gap
RBC
17.0%
4.6%
MWA
Higher net margin
RBC
RBC
1.0% more per $
RBC
14.6%
13.6%
MWA
More free cash flow
RBC
RBC
$55.1M more FCF
RBC
$99.1M
$44.0M
MWA
Faster 2-yr revenue CAGR
RBC
RBC
Annualised
RBC
5.6%
-5.1%
MWA

Income Statement — Q1 FY2026 vs Q3 FY2026

Metric
MWA
MWA
RBC
RBC
Revenue
$318.2M
$461.6M
Net Profit
$43.2M
$67.4M
Gross Margin
37.6%
44.3%
Operating Margin
17.8%
22.3%
Net Margin
13.6%
14.6%
Revenue YoY
4.6%
17.0%
Net Profit YoY
22.4%
16.4%
EPS (diluted)
$0.27
$2.13

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
RBC
RBC
Q4 25
$318.2M
$461.6M
Q3 25
$380.8M
$455.3M
Q2 25
$380.3M
$436.0M
Q1 25
$364.3M
$437.7M
Q4 24
$304.3M
$394.4M
Q3 24
$348.2M
$397.9M
Q2 24
$356.7M
$406.3M
Q1 24
$353.4M
$413.7M
Net Profit
MWA
MWA
RBC
RBC
Q4 25
$43.2M
$67.4M
Q3 25
$52.6M
$60.0M
Q2 25
$52.5M
$68.5M
Q1 25
$51.3M
$72.7M
Q4 24
$35.3M
$57.9M
Q3 24
$10.0M
$54.2M
Q2 24
$47.3M
$61.4M
Q1 24
$44.3M
Gross Margin
MWA
MWA
RBC
RBC
Q4 25
37.6%
44.3%
Q3 25
36.8%
44.1%
Q2 25
38.3%
44.8%
Q1 25
35.1%
44.2%
Q4 24
33.8%
44.3%
Q3 24
31.8%
43.7%
Q2 24
36.8%
45.3%
Q1 24
36.9%
43.1%
Operating Margin
MWA
MWA
RBC
RBC
Q4 25
17.8%
22.3%
Q3 25
18.3%
21.5%
Q2 25
19.4%
23.2%
Q1 25
19.2%
23.0%
Q4 24
15.6%
21.7%
Q3 24
8.2%
21.6%
Q2 24
18.8%
24.0%
Q1 24
18.0%
22.8%
Net Margin
MWA
MWA
RBC
RBC
Q4 25
13.6%
14.6%
Q3 25
13.8%
13.2%
Q2 25
13.8%
15.7%
Q1 25
14.1%
16.6%
Q4 24
11.6%
14.7%
Q3 24
2.9%
13.6%
Q2 24
13.3%
15.1%
Q1 24
12.5%
EPS (diluted)
MWA
MWA
RBC
RBC
Q4 25
$0.27
$2.13
Q3 25
$0.34
$1.90
Q2 25
$0.33
$2.17
Q1 25
$0.33
$2.33
Q4 24
$0.22
$1.82
Q3 24
$0.07
$1.65
Q2 24
$0.30
$1.90
Q1 24
$0.28
$1.92

Balance Sheet & Financial Strength

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

Metric
MWA
MWA
RBC
RBC
Cash + ST InvestmentsLiquidity on hand
$107.6M
Total DebtLower is stronger
$990.2M
Stockholders' EquityBook value
$1.0B
$3.3B
Total Assets
$1.8B
$5.1B
Debt / EquityLower = less leverage
0.30×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MWA
MWA
RBC
RBC
Q4 25
$107.6M
Q3 25
$91.2M
Q2 25
$132.9M
Q1 25
$36.8M
Q4 24
Q3 24
Q2 24
$76.8M
Q1 24
$63.5M
Total Debt
MWA
MWA
RBC
RBC
Q4 25
$990.2M
Q3 25
$1.1B
Q2 25
$915.6M
Q1 25
$920.1M
Q4 24
Q3 24
Q2 24
Q1 24
$1.2B
Stockholders' Equity
MWA
MWA
RBC
RBC
Q4 25
$1.0B
$3.3B
Q3 25
$981.7M
$3.2B
Q2 25
$929.0M
$3.1B
Q1 25
$873.6M
$3.0B
Q4 24
$834.1M
$2.9B
Q3 24
$810.1M
$2.9B
Q2 24
$791.6M
$2.8B
Q1 24
$754.5M
$2.8B
Total Assets
MWA
MWA
RBC
RBC
Q4 25
$1.8B
$5.1B
Q3 25
$1.8B
$5.1B
Q2 25
$1.7B
$4.8B
Q1 25
$1.7B
$4.7B
Q4 24
$1.6B
$4.7B
Q3 24
$1.6B
$4.7B
Q2 24
$1.6B
$4.7B
Q1 24
$1.5B
$4.7B
Debt / Equity
MWA
MWA
RBC
RBC
Q4 25
0.30×
Q3 25
0.34×
Q2 25
0.29×
Q1 25
0.30×
Q4 24
Q3 24
Q2 24
Q1 24
0.43×

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
RBC
RBC
Operating Cash FlowLast quarter
$61.2M
$122.1M
Free Cash FlowOCF − Capex
$44.0M
$99.1M
FCF MarginFCF / Revenue
13.8%
21.5%
Capex IntensityCapex / Revenue
5.4%
5.0%
Cash ConversionOCF / Net Profit
1.42×
1.81×
TTM Free Cash FlowTrailing 4 quarters
$173.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MWA
MWA
RBC
RBC
Q4 25
$61.2M
$122.1M
Q3 25
$83.5M
$88.4M
Q2 25
$67.4M
$120.0M
Q1 25
$14.3M
Q4 24
$54.1M
$84.0M
Q3 24
$89.3M
Q2 24
$87.3M
$97.4M
Q1 24
$-5.7M
Free Cash Flow
MWA
MWA
RBC
RBC
Q4 25
$44.0M
$99.1M
Q3 25
$69.0M
$71.7M
Q2 25
$55.7M
$104.3M
Q1 25
$5.1M
Q4 24
$42.2M
$73.6M
Q3 24
$69.9M
Q2 24
$75.1M
$88.4M
Q1 24
$-15.8M
FCF Margin
MWA
MWA
RBC
RBC
Q4 25
13.8%
21.5%
Q3 25
18.1%
15.7%
Q2 25
14.6%
23.9%
Q1 25
1.4%
Q4 24
13.9%
18.7%
Q3 24
20.1%
Q2 24
21.1%
21.8%
Q1 24
-4.5%
Capex Intensity
MWA
MWA
RBC
RBC
Q4 25
5.4%
5.0%
Q3 25
3.8%
3.7%
Q2 25
3.1%
3.6%
Q1 25
2.5%
3.2%
Q4 24
3.9%
2.6%
Q3 24
5.6%
4.1%
Q2 24
3.4%
2.2%
Q1 24
2.9%
Cash Conversion
MWA
MWA
RBC
RBC
Q4 25
1.42×
1.81×
Q3 25
1.59×
1.47×
Q2 25
1.28×
1.75×
Q1 25
0.28×
Q4 24
1.53×
1.45×
Q3 24
8.93×
Q2 24
1.85×
1.59×
Q1 24
-0.13×

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%

RBC
RBC

Domestic$413.3M90%
Foreign$48.3M10%

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