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Zurn Elkay Water Solutions (ZWS) Stock Fundamentals, Analysis & Risk Signals

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

Zurn Elkay Water Solutions
NYSE•Industrials•Pollution & Treatment Controls
$49.92+1.37(0.03%)Market open
Market Cap
$7.43B
P/E
25.6x
P/S
4.1x
P/B
4.4x

Zurn Elkay Water Solutions Corporation engages in design, procurement, manufacture, and marketing of water management solutions in the United States, Canada, and internationally. It offers water dispensing and filtration products, such as filtered bottle filling stations, water fountains and water dispensers, and filtered faucets under the Elkay and Halsey Taylor brand names; filtered units including water filters; and water safety and control products, such as backflow preventers, fire system valves, pressure reducing valves, and thermostatic mixing valves under the Zurn and Wilkins brand names. The company also provides flow systems products comprising point drains, hydrants, fixture carrier systems, and chemical drainage systems; and oil and grease interceptors and separators, acid neutralization systems, and remote monitoring systems under the Zurn, Green Turtle, and Wade brands. In addition, it offers sensor operated flush valves under the Aquaflush, AquaSense, and AquaVantage brands; heavy-duty commercial faucets under the AquaSpec brand; flush valves and faucets under the Hydro X Power brands; water conserving fixtures under the EcoVantage and Zurn One brands; stainless steel, quartz, fireclay-ceramic, and cast iron sinks under the Elkay brand name; stainless steel sinks and plumbing fixtures under the Just brand; restroom partition systems and lockers under the Hadrian brand name; and hand dryers. Further, the company offers its products to institutional, commercial, waterworks, and residential end markets through independent sales representatives, plumbing wholesalers, and industry-specific distributors in the waterworks, foodservice, industrial, janitorial, sanitation, and sitework industries. The company was formerly known as Zurn Water Solutions Corporation and changed its name to Zurn Elkay Water Solutions Corporation in July 2022. Zurn Elkay Water Solutions Corporation was founded in 1900 and is headquartered in Milwaukee, Wisconsin.

A

How this company scores

ExcellentMetricSide Score: 91/100

Strongest: Cash & Earnings Quality (25/25); weakest: Balance Sheet & Red Flags (21/25).

Profitability22/25
Growth23/25
Balance Sheet & Red Flags21/25
Cash & Earnings Quality25/25
Strengths
Rising free cash flowStrong marginsHigh ROERising earnings

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 · 25.6x5y range 25.6x – 89.4x
P/E 25.6x · below its 19-quarter median

Currently below its 19-quarter median.

P/S · 4.1x5y range 2.5x – 21.3x
P/S 4.1x · near its 20-quarter median

Currently near its 20-quarter median.

P/B · 4.4x5y range 2.0x – 35.6x
Price & Volume
Market Cap $7.43B

Metrics at a Glance

as of September 2026

Revenue & Profit

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

TTM Revenue
$1.83B
7Q
Q. Revenue
$495.10M
3Q
TTM EBITDA
$488.90M
7Q
TTM Op. Income
$403.00M
7Q
Q. Op. Income
$108.20M
40%
TTM Net Income
$290.60M
7Q
Q. Net Income
$76.30M
23%
EPS
$0.46
28%
Shares Out.
$166.26M
2Q
$1.83B in TTM revenue grew 10.1% YoY, reaching $495.10M last quarter. TTM EBITDA of $488.90M and TTM operating income of $403.00M show growth is flowing through to the bottom line. TTM net income of $290.60M 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
49.6%
13%
EBITDA Margin
26.2%
20%
Op. Margin
21.9%
28%
Net Margin
15.4%
14%
Op. margin of 21.9% is up 4.8% YoY — cost efficiency is improving. Net margin at 15.4% and gross margin of 49.6% show how much of each revenue dollar survives to profit. Over the past year, operating margin is up 28% — a weakening trend.

Price Ratios

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

P/E Ratio
25.6x
4Q
P/S Ratio
4.1x
14%
P/B Ratio
4.4x
11%
At 25.6x P/E, the stock trades within typical market levels. P/S of 4.1x and P/B of 4.4x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 8 quarters, P/E has fallen for 4 consecutive quarters — an improving trend.

Assets & Liabilities

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

Total Assets
$2.81B
3Q
Cash
$307.10M
18%
Long-Term Debt
$498.60M
7Q
Book Value
$1.69B
6Q
D/E Ratio
0.3
2Q
Debt/EBITDA
3.8
23%
With $2.81B in assets and $498.60M in long-term debt, D/E is 0.3and book value is $1.69B — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has fallen for 2 consecutive quarters — an improving trend.

Cash Flow

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

Op. Cash Flow
$112.20M
11%
TTM Free Cash Flow
$387.00M
6Q
FCF Margin
21.2%
2Q
FCF / Net Income
1.3
3Q
TTM FCF of $387.00M on $112.20M in operating cash flow. The FCF / Net Income ratio of 1.3x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 6 consecutive quarters — an improving trend.

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Currently near its 20-quarter median.