Xylem Inc. XYL

Industrials SIC 3561 - Pumps & Pumping Equipment NAICS Manufacturing › Machinery Manufacturing › Other General Purpose Machinery Manufacturing › Pump and Compressor Manufacturing › Measuring, Dispensing, and Other Pumping Equipment Manufacturing derived NYSE

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:

Last close 108.74 2026-10-23
Market cap $25.39B 2026-06-30 share count
52-week range 98.58 - 154.27

Valuation FY2025 figures against the last close

P/S2.8x
P/E27.7x
P/FCF27.9x
EV/EBITDA14.4x
Dividend yield1.5%
Diluted EPS3.92

Where the revenue comes from as reported in the latest 10-K

Revenue by segment

  • Water Infrastructure
  • Water Solutions and Services
  • Measurement and Control Solutions
  • Applied Water
Revenue by segment, 4 categories over 3 years. The same figures are in the table below. FY2025 Water Infrastructure, FY2025: 2.6B (29.2%) 29% Water Infrastructure Water Solutions and Services, FY2025: 2.5B (27.3%) 27% Water Solutions and Services Measurement and Control Solutions, FY2025: 2.1B (23.1%) 23% Measurement and Control Solutions Applied Water, FY2025: 1.8B (20.5%) 20% Applied Water FY2024 Water Infrastructure, FY2024: 2.6B (29.8%) 30% Water Solutions and Services, FY2024: 2.3B (27.4%) 27% Measurement and Control Solutions, FY2024: 1.9B (21.9%) 22% Applied Water, FY2024: 1.8B (20.9%) 21% FY2023 Water Infrastructure, FY2023: 2.2B (30.1%) 30% Water Solutions and Services, FY2023: 1.7B (22.9%) 23% Measurement and Control Solutions, FY2023: 1.6B (21.9%) 22% Applied Water, FY2023: 1.9B (25.2%) 25%
Segment FY2025FY2024FY2023
Water Infrastructure $2.64B $2.56B $2.21B
Water Solutions and Services $2.46B $2.34B $1.68B
Measurement and Control Solutions $2.09B $1.87B $1.61B
Applied Water $1.85B $1.79B $1.85B

As the company reported it, from the “Segment and Geographic Data - CODM (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
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 3.933.672.811.972.371.412.233.051.841.45
EPS, diluted 3.923.652.791.962.351.402.213.031.831.45
Shares, diluted (wtd. avg.) 244.0M243.5M218.2M181.0M181.5M181.1M181.2M181.1M180.9M180.0M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
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 FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
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.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 2.5B 5B 7.5B 10B Revenue, FY2016: 3.8B Gross profit, FY2016: 1.5B Net income, FY2016: 260M Revenue, FY2017: 4.7B Gross profit, FY2017: 1.8B Net income, FY2017: 331M Revenue, FY2018: 5B Gross profit, FY2018: 2B Net income, FY2018: 549M Revenue, FY2019: 5B Gross profit, FY2019: 2B Net income, FY2019: 401M Revenue, FY2020: 4.7B Gross profit, FY2020: 1.8B Net income, FY2020: 254M Revenue, FY2021: 5.2B Gross profit, FY2021: 2B Net income, FY2021: 427M Revenue, FY2022: 5.5B Gross profit, FY2022: 2.1B Net income, FY2022: 355M Revenue, FY2023: 7.4B Gross profit, FY2023: 2.7B Net income, FY2023: 609M Revenue, FY2024: 8.6B Gross profit, FY2024: 3.2B Net income, FY2024: 890M Revenue, FY2025: 9B Gross profit, FY2025: 3.5B Net income, FY2025: 957M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $3.77B $4.71B $4.96B $5.00B $4.68B $5.20B $5.52B $7.36B $8.56B $9.04B
Gross profit $1.46B $1.85B $2.03B $2.05B $1.83B $1.98B $2.08B $2.72B $3.21B $3.48B
Net income $260.0M $331.0M $549.0M $401.0M $254.0M $427.0M $355.0M $609.0M $890.0M $957.0M

Recent filings and events

  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Officer or director change Item 5.02
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Other event Item 8.01
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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