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

ZIFF DAVIS, INC. is the larger business by last-quarter revenue ($406.7M vs $318.2M, roughly 1.3× Mueller Water Products, Inc.). Mueller Water Products, Inc. runs the higher net margin — 13.6% vs 0.1%, a 13.5% gap on every dollar of revenue. On growth, Mueller Water Products, Inc. posted the faster year-over-year revenue change (4.6% vs -1.5%). ZIFF DAVIS, INC. produced more free cash flow last quarter ($157.8M vs $44.0M). Over the past eight quarters, ZIFF DAVIS, INC.'s revenue compounded faster (13.7% 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.

Ziff Davis, Inc. is an American digital media and Internet company. Founded in 1927 by William Bernard Ziff Sr. and Bernard George Davis, the company primarily owns technology- and health-oriented media websites, online shopping-related services, Internet connectivity services, gaming and entertainment brands, and cybersecurity and martech tools. Previously, the company was predominantly a publisher of hobbyist magazines.

MWA vs ZD — Head-to-Head

Bigger by revenue
ZD
ZD
1.3× larger
ZD
$406.7M
$318.2M
MWA
Growing faster (revenue YoY)
MWA
MWA
+6.0% gap
MWA
4.6%
-1.5%
ZD
Higher net margin
MWA
MWA
13.5% more per $
MWA
13.6%
0.1%
ZD
More free cash flow
ZD
ZD
$113.8M more FCF
ZD
$157.8M
$44.0M
MWA
Faster 2-yr revenue CAGR
ZD
ZD
Annualised
ZD
13.7%
-5.1%
MWA

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
MWA
MWA
ZD
ZD
Revenue
$318.2M
$406.7M
Net Profit
$43.2M
$370.0K
Gross Margin
37.6%
85.9%
Operating Margin
17.8%
21.2%
Net Margin
13.6%
0.1%
Revenue YoY
4.6%
-1.5%
Net Profit YoY
22.4%
-99.4%
EPS (diluted)
$0.27
$0.06

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
ZD
ZD
Q4 25
$318.2M
$406.7M
Q3 25
$380.8M
$363.7M
Q2 25
$380.3M
$352.2M
Q1 25
$364.3M
$328.6M
Q4 24
$304.3M
$412.8M
Q3 24
$348.2M
$353.6M
Q2 24
$356.7M
$320.8M
Q1 24
$353.4M
$314.5M
Net Profit
MWA
MWA
ZD
ZD
Q4 25
$43.2M
$370.0K
Q3 25
$52.6M
$-3.6M
Q2 25
$52.5M
$26.3M
Q1 25
$51.3M
$24.2M
Q4 24
$35.3M
$64.1M
Q3 24
$10.0M
$-48.6M
Q2 24
$47.3M
$36.9M
Q1 24
$44.3M
$10.6M
Gross Margin
MWA
MWA
ZD
ZD
Q4 25
37.6%
85.9%
Q3 25
36.8%
85.4%
Q2 25
38.3%
86.1%
Q1 25
35.1%
85.6%
Q4 24
33.8%
87.1%
Q3 24
31.8%
85.5%
Q2 24
36.8%
84.4%
Q1 24
36.9%
85.4%
Operating Margin
MWA
MWA
ZD
ZD
Q4 25
17.8%
21.2%
Q3 25
18.3%
7.8%
Q2 25
19.4%
9.5%
Q1 25
19.2%
10.7%
Q4 24
15.6%
19.0%
Q3 24
8.2%
-8.3%
Q2 24
18.8%
8.9%
Q1 24
18.0%
11.4%
Net Margin
MWA
MWA
ZD
ZD
Q4 25
13.6%
0.1%
Q3 25
13.8%
-1.0%
Q2 25
13.8%
7.5%
Q1 25
14.1%
7.4%
Q4 24
11.6%
15.5%
Q3 24
2.9%
-13.7%
Q2 24
13.3%
11.5%
Q1 24
12.5%
3.4%
EPS (diluted)
MWA
MWA
ZD
ZD
Q4 25
$0.27
$0.06
Q3 25
$0.34
$-0.09
Q2 25
$0.33
$0.62
Q1 25
$0.33
$0.56
Q4 24
$0.22
$1.53
Q3 24
$0.07
$-1.11
Q2 24
$0.30
$0.77
Q1 24
$0.28
$0.23

Balance Sheet & Financial Strength

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

Metric
MWA
MWA
ZD
ZD
Cash + ST InvestmentsLiquidity on hand
$607.0M
Total DebtLower is stronger
$866.5M
Stockholders' EquityBook value
$1.0B
$1.8B
Total Assets
$1.8B
$3.7B
Debt / EquityLower = less leverage
0.49×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MWA
MWA
ZD
ZD
Q4 25
$607.0M
Q3 25
$503.4M
Q2 25
$457.3M
Q1 25
$431.0M
Q4 24
$505.9M
Q3 24
$386.1M
Q2 24
$687.2M
Q1 24
$751.2M
Total Debt
MWA
MWA
ZD
ZD
Q4 25
$866.5M
Q3 25
Q2 25
Q1 25
Q4 24
$864.3M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
MWA
MWA
ZD
ZD
Q4 25
$1.0B
$1.8B
Q3 25
$981.7M
$1.8B
Q2 25
$929.0M
$1.8B
Q1 25
$873.6M
$1.8B
Q4 24
$834.1M
$1.8B
Q3 24
$810.1M
$1.8B
Q2 24
$791.6M
$1.9B
Q1 24
$754.5M
$1.9B
Total Assets
MWA
MWA
ZD
ZD
Q4 25
$1.8B
$3.7B
Q3 25
$1.8B
$3.5B
Q2 25
$1.7B
$3.5B
Q1 25
$1.7B
$3.5B
Q4 24
$1.6B
$3.7B
Q3 24
$1.6B
$3.4B
Q2 24
$1.6B
$3.7B
Q1 24
$1.5B
$3.7B
Debt / Equity
MWA
MWA
ZD
ZD
Q4 25
0.49×
Q3 25
Q2 25
Q1 25
Q4 24
0.48×
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
ZD
ZD
Operating Cash FlowLast quarter
$61.2M
$191.1M
Free Cash FlowOCF − Capex
$44.0M
$157.8M
FCF MarginFCF / Revenue
13.8%
38.8%
Capex IntensityCapex / Revenue
5.4%
8.2%
Cash ConversionOCF / Net Profit
1.42×
516.44×
TTM Free Cash FlowTrailing 4 quarters
$173.8M
$287.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MWA
MWA
ZD
ZD
Q4 25
$61.2M
$191.1M
Q3 25
$83.5M
$138.3M
Q2 25
$67.4M
$57.1M
Q1 25
$14.3M
$20.6M
Q4 24
$54.1M
$158.2M
Q3 24
$89.3M
$106.0M
Q2 24
$87.3M
$50.6M
Q1 24
$-5.7M
$75.6M
Free Cash Flow
MWA
MWA
ZD
ZD
Q4 25
$44.0M
$157.8M
Q3 25
$69.0M
$108.2M
Q2 25
$55.7M
$26.9M
Q1 25
$5.1M
$-5.0M
Q4 24
$42.2M
$131.1M
Q3 24
$69.9M
$80.1M
Q2 24
$75.1M
$25.1M
Q1 24
$-15.8M
$47.4M
FCF Margin
MWA
MWA
ZD
ZD
Q4 25
13.8%
38.8%
Q3 25
18.1%
29.7%
Q2 25
14.6%
7.6%
Q1 25
1.4%
-1.5%
Q4 24
13.9%
31.8%
Q3 24
20.1%
22.7%
Q2 24
21.1%
7.8%
Q1 24
-4.5%
15.1%
Capex Intensity
MWA
MWA
ZD
ZD
Q4 25
5.4%
8.2%
Q3 25
3.8%
8.3%
Q2 25
3.1%
8.6%
Q1 25
2.5%
7.8%
Q4 24
3.9%
6.6%
Q3 24
5.6%
7.3%
Q2 24
3.4%
8.0%
Q1 24
2.9%
8.9%
Cash Conversion
MWA
MWA
ZD
ZD
Q4 25
1.42×
516.44×
Q3 25
1.59×
Q2 25
1.28×
2.17×
Q1 25
0.28×
0.85×
Q4 24
1.53×
2.47×
Q3 24
8.93×
Q2 24
1.85×
1.37×
Q1 24
-0.13×
7.11×

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%

ZD
ZD

Health And Wellness$114.8M28%
Technology And Shopping$108.9M27%
Cybersecurity And Martech Segment$70.9M17%
Connectivity$60.3M15%
Gaming And Entertainment$51.7M13%
Subscription And Licensing$2.9M1%

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