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 30 h ago 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

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	FCF	Total debt	Cash
2025	$1.7B	$198M	45.1%	16.4%	—	$497M	$301M
2024	$1.6B	$160M	45.1%	15.6%	—	$496M	$198M
2023	$1.5B	$113M	42.3%	12.5%	—	$495M	$137M
2022	$1.3B	$62M	36.3%	8.4%	—	$536M	$125M
2021	$911M	$121M	41.0%	11.7%	—	$540M	$97M
2020	$746M	$147M	45.3%	14.4%	—	$1.1B	$62M
2020	$710M	$180M	45.4%	14.7%	$257M	$1.5B	$573M
2019	$2.1B	$34M	38.3%	14.9%	$216M	$1.2B	$293M
2018	$1.9B	$76M	38.2%	14.4%	$191M	$1.4B	$193M
2017	$1.7B	$74M	36.6%	11.9%	$144M	$1.6B	$490M
2016	—	$68M	—	—	$167M	$1.9B	$485M
2015	—	$84M	—	—	$197M	$1.9B	$370M
2014	—	$30M	—	—	$139M	$2.0B	$339M
2013	—	$50M	—	—	$84M	$2.1B	$524M
2012	—	$30M	—	—	$81M	$2.4B	$298M

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

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	FCF	Total debt	Cash
Mar '26	$433M	$59M	47.5%	19.0%	—	$499M	$274M
Dec '25	$407M	$42M	44.4%	14.8%	—	$497M	$301M
Sep '25	$455M	$62M	44.1%	17.0%	—	$496M	$260M
Jun '25	$445M	$51M	45.5%	17.5%	—	$496M	$202M
Mar '25	$389M	$44M	46.6%	16.3%	—	$496M	$145M
Dec '24	$371M	$36M	43.5%	13.3%	—	$496M	$198M
Sep '24	$410M	$44M	46.2%	17.1%	—	$496M	$188M
Jun '24	$412M	$46M	45.2%	17.5%	—	$496M	$163M
Mar '24	$374M	$34M	45.5%	14.2%	—	$495M	$157M
Dec '23	$357M	$14M	43.7%	9.2%	—	$495M	$137M
Sep '23	$398M	$41M	42.6%	15.1%	—	$554M	$173M
Jun '23	$403M	$35M	43.0%	13.6%	—	$555M	$103M
Mar '23	$372M	$23M	40.0%	11.7%	—	$557M	$75M
Dec '22	$340M	$14M	32.1%	5.8%	—	$536M	$125M
Sep '22	$418M	-$19M	33.6%	-2.4%	$22M	$537M	$72M
Jun '22	$284M	$36M	40.0%	18.8%	$41M	$538M	$110M
Mar '22	$240M	$30M	42.5%	18.3%	-$55M	$539M	$73M
Dec '21	$232M	-$66M	36.7%	5.7%	—	$540M	$97M
Sep '21	$230M	$64M	41.7%	14.1%	$93M	$1.2B	$478M
Jun '21	$244M	$73M	42.6%	15.3%	$69M	$1.2B	$391M

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 57.7× (Mar '23) to 43.2× (Jun '26).
The price-to-sales ratio has risen from 2.8× (Mar '23) to 5.0× (Jun '26).
The dividend yield has fallen from 0.9% (Mar '23) to 0.7% (Jun '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?

As of Jun '26, Zurn Elkay Water Solutions Corp traded at a price-to-earnings ratio of about 43.2× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. 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), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.