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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
$47.61-0.01(<0.01%)Market closed
Market Cap
$7.67B
P/E
27.8x
P/S
4.3x
P/B
4.6x

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: 94/100

Strongest: Profitability (25/25); weakest: Balance Sheet & Red Flags (21/25).

Profitability25/25
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 · 27.8x5y range 17.7x – 89.4x
P/E 27.8x · below its 19-quarter median

Currently below its 19-quarter median.

P/S · 4.3x5y range 1.7x – 21.3x
P/S 4.3x · near its 20-quarter median

Currently near its 20-quarter median.

P/B · 4.6x5y range 2.0x – 35.6x
Price & Volume
Market Cap $7.67B

Metrics at a Glance

as of June 2026

Revenue & Profit

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

TTM Revenue
$1.79B
7Q
Q. Revenue
$491.00M
2Q
TTM EBITDA
$458.50M
7Q
TTM Op. Income
$372.30M
7Q
Q. Op. Income
$152.30M
2Q
TTM Net Income
$276.10M
7Q
Q. Net Income
$113.30M
2Q
EPS
$0.68
2Q
Shares Out.
$167.07M
1%
$1.79B in TTM revenue grew 10.7% YoY, reaching $491.00M last quarter. TTM EBITDA of $458.50M and TTM operating income of $372.30M show growth is flowing through to the bottom line. TTM net income of $276.10M 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
58.7%
3Q
EBITDA Margin
35.4%
2Q
Op. Margin
31.0%
2Q
Net Margin
23.1%
2Q
Op. margin of 31.0% is up 13.6% YoY — cost efficiency is improving. Net margin at 23.1% and gross margin of 58.7% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has risen for 2 consecutive quarters — an improving trend.

Price Ratios

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

P/E Ratio
27.8x
3Q
P/S Ratio
4.3x
12%
P/B Ratio
4.6x
17%
At 27.8x P/E, the stock trades within typical market levels. P/S of 4.3x and P/B of 4.6x 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 3 consecutive quarters — an improving trend.

Assets & Liabilities

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

Total Assets
$2.78B
2Q
Cash
$365.00M
81%
Long-Term Debt
$497.70M
7Q
Book Value
$1.66B
5Q
D/E Ratio
0.3
5%
Debt/EBITDA
2.9
2Q
With $2.78B in assets and $497.70M in long-term debt, D/E is 0.3and book value is $1.66B — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is down 5% — an improving trend.

Cash Flow

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

Op. Cash Flow
$162.30M
47%
TTM Free Cash Flow
$378.50M
5Q
FCF Margin
21.2%
21%
FCF / Net Income
1.4
2Q
TTM FCF of $378.50M on $162.30M in operating cash flow. The FCF / Net Income ratio of 1.4x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 5 consecutive quarters — an improving trend.

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· near its 20-quarter median

Currently near its 20-quarter median.