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ZWS

Zurn Elkay Water Solutions Corporation

ZWS

Zurn Elkay Water Solutions Corporation • NYSE
$47.70 ▼ -0.89% (-0.43)
Market Cap $7.98 B
52w High $50.03
52w Low $27.74
Dividend Yield 0.38%
P/E 43.76
Volume 481.40K
Outstanding Shares 167.37M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $455.4M ▲ $122.2M ▼ $62.8M ▲ 13.79% ▲ $0.36 ▲ $101.9M ▲
Q2-2025 $444.5M ▲ $124.7M ▲ $50.5M ▲ 11.361% ▲ $0.3 ▲ $97.7M ▲
Q1-2025 $388.8M ▲ $117.6M ▲ $43.6M ▲ 11.214% ▲ $0.26 ▲ $86.1M ▲
Q4-2024 $370.7M ▼ $111.9M ▼ $36.4M ▼ 9.819% ▼ $0.213 ▼ $72.4M ▼
Q3-2024 $410M $119.2M $43.5M 10.61% $0.26 $90.6M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2025 $201.9M ▲ $2.654B ▲ $1.09B ▲ $1.564B ▲
Q1-2025 $144.7M ▼ $2.608B ▼ $1.06B ▼ $1.548B ▼
Q4-2024 $198M ▲ $2.648B ▼ $1.062B ▼ $1.587B ▲
Q3-2024 $187.9M ▲ $2.705B ▲ $1.118B ▲ $1.587B ▼
Q2-2024 $162.7M $2.682B $1.087B $1.594B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $50.5M ▲ $110.6M ▲ $-9M ▼ $-46.6M ▲ $57.2M ▲ $101.6M ▲
Q1-2025 $43.6M ▲ $42.9M ▼ $-4.3M ▲ $-92.1M ▼ $-53.3M ▼ $38.6M ▼
Q4-2024 $36.4M ▼ $63.6M ▼ $-9.1M ▼ $-41.7M ▲ $10.1M ▼ $54.5M ▼
Q3-2024 $43.5M ▼ $90.9M ▲ $-4.1M ▲ $-61.6M ▲ $25.2M ▲ $86.8M ▲
Q2-2024 $46M $85.1M $-4.9M $-73.3M $5.6M $80.2M

Revenue by Products

Product Q2-2021Q3-2021Q1-2025Q2-2025
Reportable Segment
Reportable Segment
 $0 ▲$0 ▲$390.00M ▲$440.00M ▲
Process Motion Control Segment
Process Motion Control Segment
 $320.00M ▲$330.00M ▲$0 ▼$0 ▲
Water Management Segment
Water Management Segment
 $240.00M ▲$230.00M ▼$0 ▼$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has climbed steadily over the past five years, helped by the Elkay combination and growing demand for water solutions. Profitability has improved as the business has scaled, with healthier gross and operating margins than earlier in the period. Net income has grown overall, even if individual years show some lumpiness from deals and one‑off items. The company now looks more like a mature, consistently profitable industrial rather than a niche player, but it is still in a phase where execution and cost control matter a lot to maintain these margin gains.

Balance Sheet

Balance Sheet The balance sheet has been reshaped by acquisitions and corporate actions, but today it shows a reasonably solid capital structure. Debt sits at a moderate level and has remained fairly stable in recent years, suggesting leverage is being managed deliberately rather than aggressively. Equity is sizeable and has inched up, which supports financial flexibility. Cash on hand is not especially large, so the company likely depends on its ongoing cash generation and access to credit rather than a big cash war chest, but there are no obvious signs of balance‑sheet strain in the recent data.

Cash Flow

Cash Flow The business consistently generates cash from operations, and that cash has been trending upward. After relatively modest investment needs, free cash flow has been positive every year in the period shown. Capital spending is quite restrained compared with the cash coming in, which indicates an asset‑light, returns‑focused model. Overall, cash conversion from earnings is a clear strength, providing room for debt service, dividends or buybacks, and reinvestment without stretching the balance sheet.

Competitive Edge

Competitive Edge Zurn Elkay holds a strong niche in water management, especially in commercial buildings, with well‑known brands and a broad lineup that runs from behind‑the‑wall plumbing to visible fixtures and smart dispensers. The merger created a “one‑stop shop” for many customers, which makes it harder for smaller or more specialized rivals to compete on breadth and integration. A heavy emphasis on water conservation, hygiene, and ESG‑friendly solutions fits well with tightening building codes and sustainability goals. That said, the company still operates in competitive end markets tied to construction and infrastructure cycles, so demand can be sensitive to broader economic swings and capital budgets.

Innovation and R&D

Innovation and R&D Innovation is a standout theme. Zurn Elkay is leaning into smart, connected products, such as intelligent bottle‑filling stations and software that lets building managers monitor and manage water systems in real time. It is also pushing energy‑harvesting technologies that power faucets and valves from water flow, reducing the need for wiring or batteries. Advanced filtration, with a focus on removing emerging contaminants, strengthens its value proposition in health and safety. Over time, the data generated by these connected products could support new analytics and service offerings, deepening customer relationships and adding recurring, higher‑margin revenue streams if executed well.

Summary

Overall, Zurn Elkay looks like a steadily growing, cash‑generative water solutions company with an increasingly technology‑driven profile. Financially, it has moved toward stronger margins and reliable free cash flow, backed by a manageable level of debt and a solid equity base. Strategically, its mix of trusted brands, broad product coverage, and sustainability‑oriented, smart solutions gives it a differentiated position within building and plumbing markets. The main watchpoints are its exposure to construction cycles, the need to keep innovating to stay ahead of competitors, and the relatively modest cash buffer on the balance sheet. If it can continue converting its innovation pipeline into commercially successful products while maintaining financial discipline, it is well placed to benefit from long‑term trends in water quality, conservation, and smart buildings.

NEWS

November 19, 2025 · 8:23 AM UTC

Zurn Elkay Water Solutions Again Named to TIME's List of World's Best Companies for Sustainable Growth

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October 30, 2025 · 8:54 AM UTC

Zurn Elkay Water Solutions Named One of America's Growth Leaders

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October 28, 2025 · 4:05 PM UTC

Zurn Elkay Water Solutions Reports Third Quarter 2025 Financial Results

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October 27, 2025 · 9:11 AM UTC

Zurn Elkay Water Solutions Again Named One of America's Greenest Companies for Second Consecutive Year

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October 20, 2025 · 11:14 AM UTC

Meet the Future of Home Hydration with the Elkay®™ Liv EZ

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