Zurn Elkay Water Solutions Corp ZWS

Industrials SIC 3560 - General Industrial Machinery & Equipment NYSE

Zurn Elkay Water Solutions Corporation ("Zurn Elkay", "we", "us", "our", or the "Company") is a growth-oriented, pure-play water management business that designs, procures, manufactures, and markets what we believe to be the broadest sustainable product portfolio of specification-driven water management solutions to improve health, hydration, human safety and the environment. Our product portfolio includes professional grade water safety and control products, flow systems products, hygienic and environmental products, and filtered drinking water products for public and private spaces that deliver superior value to building owners, positively impact the environment and human hygiene and reduce product installation time. Our heritage of innovation and specification has allowed us to provide highly-engineered, mission-critical solutions to customers for decades and affords us the privilege of having long-term, valued relationships with market leaders. We operate in a disciplined way and the Zurn Elkay Business System ("ZEBS"), described below, is our operating philosophy. Grounded in the spirit of continuous improvement, ZEBS creates a scalable, process-based framework that focuses on driving superior customer satisfaction and financial results by targeting world-class operating performance throughout all aspects of our business.

Last close 47.61 2026-09-04
Market cap $7.94B 2026-03-31 share count
52-week range 43.06 - 55.00

Valuation FY2025 figures against the last close

P/S4.7x
P/E41.4x
P/FCF22.9x
EV/EBITDA26.4x
Dividend yield0.8%
Diluted EPS1.15

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $1.70B$1.57B$1.53B$1.28B$910.9M$746.1M$710.1M$2.05B$1.85B$1.71B
Cost of revenue $931.1M$859.5M$882.4M$816.3M$537.7M$407.9M$387.5M$1.27B$1.15B$1.09B
Gross profit $764.8M$707.0M$648.1M$465.5M$373.2M$338.2M$322.6M$784.8M$706.5M$626.4M
R&D $16.2M$16.3M$13.3M$10.4M
SG&A $417.6M$389.8M$371.3M$309.0M$239.0M$206.1M$196.4M$433.1M$393.8M$356.1M
Operating income $278.9M$244.6M$191.4M$107.1M$107.0M$107.7M$104.1M$305.6M$266.4M$203.2M
Interest expense $28.6M$33.1M$38.5M$26.9M$34.7M$45.9M$56.6M$69.9M$75.1M$88.3M
Pre-tax income $256.3M$207.0M$146.8M$83.8M$52.4M$38.1M$23.4M$238.8M$187.1M$107.3M
Income tax $63.9M$48.1M$42.6M$26.8M$2.7M$9.5M$4.4M$53.4M$19.5M$15.6M
Net income $198.0M$160.2M$112.7M$61.7M$120.9M$146.7M$180.1M$34.3M$75.9M$74.1M
EPS, basic 1.170.930.650.411.001.211.480.110.510.65
EPS, diluted 1.150.920.640.400.971.191.450.280.620.64
Shares, diluted (wtd. avg.) $171.3M$174.7M$177.3M$153.8M$125.1M$123.5M$114.3M$123.3M$122.0M$104.8M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $300.5M$198.0M$136.7M$124.8M$96.6M$62.3M$573.4M$292.5M$217.6M$490.1M
Receivables $184.8M$202.2M$210.2M$219.7M$144.1M$103.6M$334.7M$334.3M$314.7M$322.9M
Inventory $274.4M$272.6M$277.6M$366.7M$184.5M$136.1M$317.5M$316.5M$304.1M$314.9M
Total current assets $811.7M$722.1M$667.8M$757.5M$474.8M$907.7M$1.26B$982.9M$997.7M$1.18B
Property, plant and equipment $378.8M$383.0M$396.5M$400.9M
Goodwill $795.0M$794.2M$796.0M$777.0M$254.1M$244.8M$200.5M$1.30B$1.28B$1.22B
Other intangibles $835.0M$891.6M$952.4M$1.01B$179.1M$200.3M$514.2M$511.5M$530.9M$558.6M
Total assets $2.68B$2.65B$2.67B$2.86B$1.08B$3.40B$3.63B$3.26B$3.42B$3.54B
Accounts payable $65.2M$71.7M$56.4M$116.9M$105.1M$41.3M$185.6M$191.7M$189.9M$197.8M
Short-term debt $900.0K$800.0K$900.0K$5.7M$5.6M$300.0K$76.4M$1.2M$3.9M$16.5M
Total current liabilities $259.4M$247.8M$220.9M$289.3M$240.4M$317.5M$455.5M$397.0M$454.2M$400.3M
Long-term debt $495.6M$494.8M$494.4M$530.2M$533.9M$1.12B$1.40B$1.24B$1.35B$1.61B
Total liabilities $1.08B$1.06B$1.06B$1.25B$951.3M$1.96B$2.31B$2.03B$2.21B$2.47B
Retained earnings -$1.13B-$1.17B-$1.18B-$1.16B-$1.24B$116.0M$85.9M$30.7M$8.0M-$55.5M
Total equity $1.60B$1.59B$1.60B$1.61B$126.4M$1.44B$1.31B$1.23B$1.21B$1.07B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $346.5M$293.5M$253.9M$97.0M$223.6M$320.2M$298.6M$258.1M$228.5M$195.1M
Depreciation and amortisation $30.0M$29.2M$29.2M$20.5M$44.1M$53.2M$51.2M$87.9M$79.7M$96.1M
Stock-based compensation $40.6M$37.9M$40.0M$25.0M$51.4M$44.8M$26.9M$22.6M$20.5M$13.4M
Capital expenditure $41.4M$42.5M$38.0M$50.8M
Investing cash flow -$29.9M-$20.2M-$4.6M-$6.6M-$21.9M-$196.6M-$123.1M-$53.3M-$208.8M-$264.0M
Financing cash flow -$217.3M-$207.5M-$239.2M-$61.1M-$356.2M-$156.2M$114.9M-$116.7M-$308.8M$79.9M
Dividends paid $63.9M$56.6M$50.4M$32.5M$36.4M$38.6M$9.8M$0$0
Buybacks $159.9M$150.2M$125.1M$24.7M$900.0K$140.0M$100.7M$0$0$0

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 0001628280-26-006372.

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