Xylem Inc. XYL
Xylem is a leading global water technology company with 2025 revenues of $9.0 billion and approximately 22,000 employees worldwide. We design, manufacture and service engineered products and solutions across a wide variety of critical applications, primarily in the water sector. Our broad portfolio of products, services and solutions addresses customer needs of scarcity, resilience, quality, and affordability across the water cycle, from the delivery, treatment, measurement and use of drinking water, to the collection, testing, analysis and treatment of wastewater, to the return of water to the environment.
We have differentiated market positions in core applications including transport and dewatering, process water and wastewater treatment, analytics, smart metering, digital software solutions and comprehensive services. Setting us apart is a unique set of global assets that include:
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $9.04B | $8.56B | $7.36B | $5.52B | $5.20B | $4.68B | $5.00B | $4.96B | $4.71B | $3.77B |
| Cost of revenue | $5.56B | $5.35B | $4.65B | $3.44B | $3.22B | $3.05B | $3.20B | $3.18B | $2.86B | $2.31B |
| Gross profit | $3.48B | $3.21B | $2.72B | $2.08B | $1.98B | $1.83B | $2.05B | $2.03B | $1.85B | $1.46B |
| R&D | $226.0M | $230.0M | $232.0M | $206.0M | $204.0M | $187.0M | $191.0M | $189.0M | $181.0M | $110.0M |
| SG&A | $1.92B | $1.91B | $1.76B | $1.23B | $1.18B | $1.14B | $1.16B | $1.16B | $1.09B | $914.0M |
| Operating income | $1.22B | $1.01B | $652.0M | $622.0M | $585.0M | $367.0M | $486.0M | $654.0M | $552.0M | $408.0M |
| Interest expense | $29.0M | $44.0M | $49.0M | $50.0M | $76.0M | $77.0M | $67.0M | $82.0M | $82.0M | $70.0M |
| Pre-tax income | $1.18B | $1.09B | $635.0M | $440.0M | $511.0M | $285.0M | $416.0M | $585.0M | $466.0M | $340.0M |
| Income tax | $231.0M | $197.0M | $26.0M | $85.0M | $84.0M | $31.0M | $15.0M | $36.0M | $136.0M | $80.0M |
| Net income | $957.0M | $890.0M | $609.0M | $355.0M | $427.0M | $254.0M | $401.0M | $549.0M | $331.0M | $260.0M |
| EPS, basic | 3.93 | 3.67 | 2.81 | 1.97 | 2.37 | 1.41 | 2.23 | 3.05 | 1.84 | 1.45 |
| EPS, diluted | 3.92 | 3.65 | 2.79 | 1.96 | 2.35 | 1.40 | 2.21 | 3.03 | 1.83 | 1.45 |
| Shares, diluted (wtd. avg.) | $244.0M | $243.5M | $218.2M | $181.0M | $181.5M | $181.1M | $181.2M | $181.1M | $180.9M | $180.0M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $1.48B | $1.12B | $1.02B | $944.0M | $1.35B | $1.88B | $724.0M | $296.0M | $414.0M | $308.0M |
| Receivables | $1.76B | $1.67B | $1.62B | $1.10B | $953.0M | $923.0M | $1.04B | $1.03B | $956.0M | $843.0M |
| Inventory | $983.0M | $996.0M | $1.02B | $799.0M | $700.0M | $558.0M | $539.0M | $595.0M | $524.0M | $522.0M |
| Total current assets | $4.64B | $4.10B | $3.88B | $3.01B | $3.16B | $3.52B | $2.45B | $2.09B | $2.07B | $1.84B |
| Property, plant and equipment | $1.16B | $1.15B | $1.17B | $630.0M | $644.0M | $657.0M | $658.0M | $656.0M | $643.0M | $616.0M |
| Goodwill | $8.33B | $7.98B | $7.59B | $2.72B | $2.79B | $2.85B | $2.84B | $2.98B | $2.77B | $2.63B |
| Other intangibles | $2.27B | $2.38B | $2.53B | $930.0M | $1.02B | $1.09B | $1.17B | $1.23B | $1.17B | $1.20B |
| Total assets | $17.63B | $16.49B | $16.11B | $7.95B | $8.28B | $8.75B | $7.71B | $7.22B | $6.86B | $6.47B |
| Accounts payable | $1.01B | $1.01B | $968.0M | $723.0M | $639.0M | $569.0M | $597.0M | $586.0M | $549.0M | $457.0M |
| Short-term debt | $534.0M | $38.0M | $16.0M | $0 | $0 | $600.0M | $276.0M | $257.0M | $0 | $260.0M |
| Total current liabilities | $2.86B | $2.34B | $2.21B | $1.59B | $1.39B | $1.96B | $1.50B | $1.39B | $1.10B | $1.24B |
| Long-term debt | $1.41B | $1.98B | $2.27B | $1.88B | $2.44B | $2.48B | $2.04B | $2.05B | $2.20B | $2.11B |
| Total liabilities | $5.88B | $5.61B | $5.94B | $4.45B | $5.05B | $5.77B | $4.74B | $4.44B | $4.34B | $4.27B |
| Retained earnings | $3.71B | $3.14B | $2.60B | $2.29B | $2.15B | $1.93B | $1.87B | $1.64B | $1.23B | $1.03B |
| Total equity | $11.48B | $10.64B | $10.18B | $3.50B | $3.23B | $2.98B | $2.97B | $2.78B | $2.52B | $2.21B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.24B | $1.26B | $837.0M | $596.0M | $538.0M | $824.0M | $839.0M | $586.0M | $686.0M | $497.0M |
| Depreciation and amortisation | $575.0M | $562.0M | $436.0M | $236.0M | $245.0M | $251.0M | $257.0M | $261.0M | $234.0M | $151.0M |
| Stock-based compensation | $53.0M | $56.0M | $60.0M | $37.0M | $33.0M | $26.0M | $29.0M | $30.0M | $21.0M | $18.0M |
| Capital expenditure | $331.0M | $321.0M | $271.0M | $208.0M | $208.0M | $183.0M | $226.0M | $237.0M | $170.0M | $124.0M |
| Investing cash flow | -$471.0M | -$482.0M | -$628.0M | -$191.0M | -$183.0M | -$169.0M | -$231.0M | -$643.0M | -$181.0M | -$1.89B |
| Financing cash flow | -$501.0M | -$615.0M | -$157.0M | -$790.0M | -$855.0M | $473.0M | -$177.0M | -$40.0M | -$421.0M | $1.03B |
| Dividends paid | $391.0M | $350.0M | $299.0M | $217.0M | $203.0M | $188.0M | $174.0M | $152.0M | $130.0M | $112.0M |
| Buybacks | $15.0M | $20.0M | $25.0M | $52.0M | $68.0M | $61.0M | $40.0M | $59.0M | $25.0M | $4.0M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001524472-26-000012.
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