Mueller Water Products, Inc. (MWA) FY2025 10-K Annual Report
Mueller Water Products, Inc. (MWA) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Nov 19, 2025. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
Mueller Water Products, Inc. FY2025 10-K Analysis
Business Overview
- • Core business manufacturing water transmission, distribution, and measurement products for North American municipalities and construction
- • Two operating segments: Water Flow Solutions and Water Management Solutions emphasized in segment reporting
- • Strong installed base with leading iron gate valves and fire hydrants in top 100 U.S. metropolitan areas
- • Fiscal 2025 net sales $1,429.7 million, highlighting scale and market presence
- • Notable longstanding distributor and end-user relationships supporting brand strength and market position
Management Discussion & Analysis
- • Revenue $1,429.7M in 2025, up 8.7% YoY ($115.0M increase) due to higher volumes and pricing across most products
- • Operating margin 18.2% in 2025 ($260.6M operating income) vs 13.8% in 2024 ($181.7M), gross margin 36.1% vs 34.9%
- • Best segment: Water Management Solutions, revenue $604.8M (+8.2%), gross margin 36.4% vs 33.5%; Worst: Corporate with operating loss $(67.2)M
- • Cash from operations $219.3M in 2025, down $19.5M YoY; share repurchases $15.0M with $65.0M authorization remaining; capex $47.1M; dividend payout $10.9M expected
- • FY2026 outlook: net sales growth 1.4%-2.8%; risks from tariffs (~3% of COGS), inflation, supply chain, and geopolitical factors; plan price increases and cost controls
Risk Factors
- • Legal risk from ongoing litigation and environmental remediation with uncertain potential liabilities requiring accrual adjustments
- • Macroeconomic risk from warranty cost estimates affected by unpredictable future claims and rising product repair/replacement expenses
- • Operational risk in inventory valuation needing quarterly impairment reviews due to production levels and market conditions
- • Competitive risk from goodwill impairment sensitivity to forecasted EBITDA margins and discount rates amid industry dynamics
- • Financial risk related to potential variability in warranty accruals causing material impacts on reported expenses
Mueller Water Products, Inc. FY2025 Key Financial MetricsXBRL
Revenue
$1.4B
▲ +8.7% YoY
Net Income
$192M
▲ +65.4% YoY
Gross Margin
36.1%
▲ +123bp YoY
Operating Margin
18.2%
▲ +441bp YoY
Net Margin
13.4%
▲ +459bp YoY
ROE
19.5%
▲ +522bp YoY
Total Assets
$1.8B
▲ +12.4% YoY
EPS (Diluted)
$1.22
▲ +64.9% YoY
Operating Cash Flow
$219M
▼ -8.2% YoY
Source: XBRL data from Mueller Water Products, Inc. FY2025 10-K filing on SEC EDGAR. All figures in USD.
Get deeper insights on Mueller Water Products, Inc.
Access full AI analysis, insider trading data, fund holdings, and cross-signal detection on SignalX.