ZWS Financials Zurn Elkay Water Solutions Corp

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Oct 30, 2026, 11:16 UTC Overview →

Growth & profitability

Revenue has grown 19.0% per year over the past 5 years.
Net income has grown slower than revenue (1.9% vs 19.0% per year).
Operating margin has expanded, at 16.4% in the latest year.
Free cash flow has grown 5.5% per year over the past 5 years.

Financial health

Total debt ($497M) exceeds cash ($301M); net debt is $196M.
Total debt has grown slower than revenue (-19.6% vs 19.0% per year).
Operating income covered interest expense 9.8× in the latest year.
Total debt is 1.8× EBITDA.

Shareholder returns

Dividends have been paid for 7 consecutive years, consuming 32.3% of earnings.
The dividend has grown 45.5% per year over the past 5 years.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
2025	$1.7B	$198M	45.1%	16.4%	12.3%	7.4%	—	$497M	$301M
2024	$1.6B	$160M	45.1%	15.6%	10.1%	6.0%	—	$496M	$198M
2023	$1.5B	$113M	42.3%	12.5%	7.0%	4.2%	—	$495M	$137M
2022	$1.3B	$62M	36.3%	8.4%	3.8%	2.2%	—	$536M	$125M
2021	$911M	$121M	41.0%	11.7%	95.6%	11.2%	—	$540M	$97M
2020	$746M	$147M	45.3%	14.4%	10.2%	4.3%	—	$1.1B	$62M
2020	$710M	$180M	45.4%	14.7%	13.7%	5.0%	$257M	$1.5B	$573M
2019	$2.1B	$34M	38.3%	14.9%	2.8%	1.1%	$216M	$1.2B	$293M
2018	$1.9B	$76M	38.2%	14.4%	6.3%	2.2%	$191M	$1.4B	$193M
2017	$1.7B	$74M	36.6%	11.9%	6.9%	2.1%	$144M	$1.6B	$490M
2016	—	$68M	—	—	11.5%	2.0%	$167M	$1.9B	$485M
2015	—	$84M	—	—	15.2%	2.5%	$197M	$1.9B	$370M
2014	—	$30M	—	—	5.4%	0.9%	$139M	$2.0B	$339M
2013	—	$50M	—	—	11.7%	1.4%	$84M	$2.1B	$524M
2012	—	$30M	—	—	-37.4%	0.9%	$81M	$2.4B	$298M

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
Sep '26	$495M	$76M	49.6%	21.9%	4.5%	2.7%	—	$500M	$307M
Jun '26	$491M	$113M	58.7%	31.0%	6.8%	4.1%	—	$499M	$365M
Mar '26	$433M	$59M	47.5%	19.0%	3.7%	2.2%	—	$499M	$274M
Dec '25	$407M	$42M	44.4%	14.8%	2.6%	1.6%	—	$497M	$301M
Sep '25	$455M	$62M	44.1%	17.0%	3.9%	2.3%	—	$496M	$260M
Jun '25	$445M	$51M	45.5%	17.5%	3.2%	1.9%	—	$496M	$202M
Mar '25	$389M	$44M	46.6%	16.3%	2.8%	1.7%	—	$496M	$145M
Dec '24	$371M	$36M	43.5%	13.3%	2.3%	1.4%	—	$496M	$198M
Sep '24	$410M	$44M	46.2%	17.1%	2.7%	1.6%	—	$496M	$188M
Jun '24	$412M	$46M	45.2%	17.5%	2.9%	1.7%	—	$496M	$163M
Mar '24	$374M	$34M	45.5%	14.2%	2.1%	1.3%	—	$495M	$157M
Dec '23	$357M	$14M	43.7%	9.2%	0.9%	0.5%	—	$495M	$137M
Sep '23	$398M	$41M	42.6%	15.1%	2.6%	1.5%	—	$554M	$173M
Jun '23	$403M	$35M	43.0%	13.6%	2.2%	1.2%	—	$555M	$103M
Mar '23	$372M	$23M	40.0%	11.7%	1.4%	0.8%	—	$557M	$75M
Dec '22	$340M	$14M	32.1%	5.8%	0.9%	0.5%	—	$536M	$125M
Sep '22	$418M	-$19M	33.6%	-2.4%	-1.2%	-0.7%	$22M	$537M	$72M
Jun '22	$284M	$36M	40.0%	18.8%	15.9%	3.1%	$41M	$538M	$110M
Mar '22	$240M	$30M	42.5%	18.3%	15.6%	2.7%	-$55M	$539M	$73M
Dec '21	$232M	-$66M	36.7%	5.7%	-52.5%	-6.2%	—	$540M	$97M

Valuation over time

How the market has priced ZWS against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has fallen from 57.1× (Mar '23) to 37.2× (Nov '26).
The price-to-sales ratio has risen from 2.7× (Mar '23) to 4.3× (Nov '26).
The dividend yield has fallen from 0.9% (Mar '23) to 0.9% (Nov '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is ZWS growing its revenue and profit?

Over the past 5 years, Zurn Elkay Water Solutions Corp's revenue has grown 19.0% per year, and net income grown 1.9% per year. These are computed facts, not advice.

How much debt does ZWS have?

As of FY2025, Zurn Elkay Water Solutions Corp reported $497M of total debt against $301M of cash; operating income covered interest expense 9.8×.

What is ZWS's profit margin?

In FY2025, gross margin was 45.1%, operating margin 16.4%, and net margin 11.7%.

What is ZWS's P/E ratio?

Zurn Elkay Water Solutions Corp's P/E (TTM) is 25.37 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the ZWS stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 37.2× as of Nov '26) can differ. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.