MUELLER WATER PRODUCTS (MWA) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

MUELLER WATER PRODUCTS

NYSE•Industrials•Specialty Industrial Machinery

$21.85-0.89(-0.04%)After hours

Market Cap

$3.42B

P/E

15.4x

P/S

2.3x

P/B

3.1x

Mueller Water Products, Inc. manufactures and markets products and services for the transmission, distribution, and measurement of water used by municipalities, and the residential and non-residential construction industries in the United States, Canada, and internationally. It operates in two segments, Water Flow Solutions and Water Management Solutions. The Water Flow Solutions segment provides valves for water systems, such as iron gate, butterfly, tapping, check, knife, plug, and ball valves, which are used to control distribution and transmission of potable water and non-potable water, as well as in water transmission or distribution, water treatment facilities, or industrial applications. It also offers service brass products. The Water Management Solutions segment offers dry-barrel and wet-barrel fire hydrants for water infrastructure development; fire protection systems, and water infrastructure repair and replacement projects; pipe repair products, such as couplings, grips, and clamps used to repair leaks; residential, fire protection, and commercial water metering products and systems; water leak detection and pipe condition assessment products and services; machines and tools for tapping, drilling, extracting, installing, and stopping-off; gas valve products for use in gas distribution systems; and intelligent water solutions, including pressure control valves, advanced pressure management, network analytics, event management, and date logging. It sells its products under the Canada Valve, Centurion, Ez-Max, Hydro Gate, Hydro-Guard, HYMAX, HYMAX VERSA, Jones, Krausz, Milliken, Mueller Systems, Mueller, Pratt, Pratt Industrial, Repamax, Repaflex, Singer, Echologics, Echoshore, ePulse, Hersey, LeakFinderRT, Sentryx, and U.S. Pipe Valve and Hydrant brands. Mueller Water Products, Inc. was founded in 1857 and is headquartered in Atlanta, Georgia.

How this company scores

ExcellentMetricSide Score: 87/100

Strongest: Balance Sheet & Red Flags (25/25); weakest: Cash & Earnings Quality (20/25).

Profitability22/25

Growth20/25

Balance Sheet & Red Flags25/25

Cash & Earnings Quality20/25

Strengths

Strong marginsHigh ROERising earningsLow leverage

No red flags in the last 8 quarters.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 15.4x5y range 15.4x – 35.8x

Currently below its 20-quarter median.

P/S · 2.3x5y range 1.1x – 2.9x

Currently near its 20-quarter median.

P/B · 3.1x5y range 2.4x – 4.6x

Price & Volume

Market Cap $3.42B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $1.48B
Q. Revenue: $395.90M
TTM EBITDA: $337.20M
TTM Op. Income: $287.30M
Q. Op. Income: $80.60M
TTM Net Income: $222.20M
Q. Net Income: $67.30M
EPS: N/A
Shares Out.: $156.30M

$1.48B in TTM revenue grew 5.9% YoY, reaching $395.90M last quarter. TTM EBITDA of $337.20M and TTM operating income of $287.30M show growth is flowing through to the bottom line. TTM net income of $222.20M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 39.4%
EBITDA Margin: 23.5%
Op. Margin: 20.4%
Net Margin: 17.0%

Op. margin of 20.4% is up 1.0% YoY — cost efficiency is improving. Net margin at 17.0% and gross margin of 39.4% show how much of each revenue dollar survives to profit. Over the past year, operating margin is up 5% — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 15.4x
P/S Ratio: 2.3x
P/B Ratio: 3.1x

At 15.4x P/E, the stock trades within typical market levels. P/S of 2.3x and P/B of 3.1x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is down 39% — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $1.95B
Cash: $495.30M
Long-Term Debt: $451.30M
Book Value: $1.12B
D/E Ratio: 0.4
Debt/EBITDA: 4.8

With $1.95B in assets and $451.30M in long-term debt, D/E is 0.4and book value is $1.12B — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has fallen for 7 consecutive quarters — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $105.80M
TTM Free Cash Flow: $179.60M
FCF Margin: 12.1%
FCF / Net Income: 0.8

TTM FCF of $179.60M on $105.80M in operating cash flow. The FCF / Net Income ratio of 0.8x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is up 4% — an improving trend.