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

UDR, Inc. is the larger business by last-quarter revenue ($425.8M vs $318.2M, roughly 1.3× Mueller Water Products, Inc.). UDR, Inc. runs the higher net margin — 44.6% vs 13.6%, a 31.0% gap on every dollar of revenue. On growth, Mueller Water Products, Inc. posted the faster year-over-year revenue change (4.6% vs 0.9%). Over the past eight quarters, UDR, Inc.'s revenue compounded faster (1.3% 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.

UDR, Inc. is a leading U.S.-headquartered real estate investment trust specializing in owning, operating, and redeveloping high-quality multifamily residential apartment communities. It operates across major U.S. metropolitan markets, catering to a diverse tenant base including young professionals, families, and middle-to-high income households.

MWA vs UDR — Head-to-Head

Bigger by revenue
UDR
UDR
1.3× larger
UDR
$425.8M
$318.2M
MWA
Growing faster (revenue YoY)
MWA
MWA
+3.6% gap
MWA
4.6%
0.9%
UDR
Higher net margin
UDR
UDR
31.0% more per $
UDR
44.6%
13.6%
MWA
Faster 2-yr revenue CAGR
UDR
UDR
Annualised
UDR
1.3%
-5.1%
MWA

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
MWA
MWA
UDR
UDR
Revenue
$318.2M
$425.8M
Net Profit
$43.2M
$189.8M
Gross Margin
37.6%
Operating Margin
17.8%
54.0%
Net Margin
13.6%
44.6%
Revenue YoY
4.6%
0.9%
Net Profit YoY
22.4%
147.2%
EPS (diluted)
$0.27
$0.63

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
UDR
UDR
Q1 26
$425.8M
Q4 25
$318.2M
$433.1M
Q3 25
$380.8M
$431.9M
Q2 25
$380.3M
$425.4M
Q1 25
$364.3M
$421.9M
Q4 24
$304.3M
$422.7M
Q3 24
$348.2M
$420.2M
Q2 24
$356.7M
$415.3M
Net Profit
MWA
MWA
UDR
UDR
Q1 26
$189.8M
Q4 25
$43.2M
$222.9M
Q3 25
$52.6M
$40.4M
Q2 25
$52.5M
$37.7M
Q1 25
$51.3M
$76.7M
Q4 24
$35.3M
$-5.0M
Q3 24
$10.0M
$22.6M
Q2 24
$47.3M
$28.9M
Gross Margin
MWA
MWA
UDR
UDR
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
UDR
UDR
Q1 26
54.0%
Q4 25
17.8%
64.1%
Q3 25
18.3%
17.7%
Q2 25
19.4%
18.2%
Q1 25
19.2%
29.0%
Q4 24
15.6%
15.7%
Q3 24
8.2%
16.6%
Q2 24
18.8%
16.5%
Net Margin
MWA
MWA
UDR
UDR
Q1 26
44.6%
Q4 25
13.6%
51.5%
Q3 25
13.8%
9.4%
Q2 25
13.8%
8.9%
Q1 25
14.1%
18.2%
Q4 24
11.6%
-220.5%
Q3 24
2.9%
5.4%
Q2 24
13.3%
7.0%
EPS (diluted)
MWA
MWA
UDR
UDR
Q1 26
$0.63
Q4 25
$0.27
$0.67
Q3 25
$0.34
$0.12
Q2 25
$0.33
$0.11
Q1 25
$0.33
$0.23
Q4 24
$0.22
$-0.01
Q3 24
$0.07
$0.06
Q2 24
$0.30
$0.08

Balance Sheet & Financial Strength

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

Metric
MWA
MWA
UDR
UDR
Cash + ST InvestmentsLiquidity on hand
$1.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.0B
$3.3B
Total Assets
$1.8B
$10.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MWA
MWA
UDR
UDR
Q1 26
$1.3M
Q4 25
$1.2M
Q3 25
$1.2M
Q2 25
$1.5M
Q1 25
$1.3M
Q4 24
$1.3M
Q3 24
$2.3M
Q2 24
$2.8M
Total Debt
MWA
MWA
UDR
UDR
Q1 26
Q4 25
$5.8B
Q3 25
$5.8B
Q2 25
$5.8B
Q1 25
$5.8B
Q4 24
$5.8B
Q3 24
$5.9B
Q2 24
$5.8B
Stockholders' Equity
MWA
MWA
UDR
UDR
Q1 26
$3.3B
Q4 25
$1.0B
$3.3B
Q3 25
$981.7M
$3.3B
Q2 25
$929.0M
$3.3B
Q1 25
$873.6M
$3.3B
Q4 24
$834.1M
$3.4B
Q3 24
$810.1M
$3.5B
Q2 24
$791.6M
$3.7B
Total Assets
MWA
MWA
UDR
UDR
Q1 26
$10.3B
Q4 25
$1.8B
$10.6B
Q3 25
$1.8B
$10.6B
Q2 25
$1.7B
$10.6B
Q1 25
$1.7B
$10.7B
Q4 24
$1.6B
$10.9B
Q3 24
$1.6B
$11.1B
Q2 24
$1.6B
$11.1B
Debt / Equity
MWA
MWA
UDR
UDR
Q1 26
Q4 25
1.77×
Q3 25
1.78×
Q2 25
1.74×
Q1 25
1.74×
Q4 24
1.69×
Q3 24
1.67×
Q2 24
1.55×

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
UDR
UDR
Operating Cash FlowLast quarter
$61.2M
Free Cash FlowOCF − Capex
$44.0M
FCF MarginFCF / Revenue
13.8%
Capex IntensityCapex / Revenue
5.4%
4.9%
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
UDR
UDR
Q1 26
Q4 25
$61.2M
$902.9M
Q3 25
$83.5M
$234.9M
Q2 25
$67.4M
$250.3M
Q1 25
$14.3M
$156.2M
Q4 24
$54.1M
$876.8M
Q3 24
$89.3M
$230.3M
Q2 24
$87.3M
$238.5M
Free Cash Flow
MWA
MWA
UDR
UDR
Q1 26
Q4 25
$44.0M
$650.0M
Q3 25
$69.0M
$164.6M
Q2 25
$55.7M
$190.1M
Q1 25
$5.1M
$103.2M
Q4 24
$42.2M
$627.0M
Q3 24
$69.9M
$161.3M
Q2 24
$75.1M
$171.1M
FCF Margin
MWA
MWA
UDR
UDR
Q1 26
Q4 25
13.8%
150.1%
Q3 25
18.1%
38.1%
Q2 25
14.6%
44.7%
Q1 25
1.4%
24.5%
Q4 24
13.9%
148.3%
Q3 24
20.1%
38.4%
Q2 24
21.1%
41.2%
Capex Intensity
MWA
MWA
UDR
UDR
Q1 26
4.9%
Q4 25
5.4%
58.4%
Q3 25
3.8%
16.3%
Q2 25
3.1%
14.2%
Q1 25
2.5%
12.6%
Q4 24
3.9%
59.1%
Q3 24
5.6%
16.4%
Q2 24
3.4%
16.2%
Cash Conversion
MWA
MWA
UDR
UDR
Q1 26
Q4 25
1.42×
4.05×
Q3 25
1.59×
5.81×
Q2 25
1.28×
6.64×
Q1 25
0.28×
2.04×
Q4 24
1.53×
Q3 24
8.93×
10.19×
Q2 24
1.85×
8.26×

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%

UDR
UDR

Rental income$423.3M99%
Joint venture management and other fees$2.5M1%

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