Mueller Water Products, Inc. (MWA) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Sales/Revenue | 384.4M | 318.2M | 380.8M | 380.3M | 364.3M | 304.3M | 348.2M | 356.7M | 353.4M | 256.4M | 301.4M | 326.6M | 332.9M | 314.8M | 331.4M | 333.2M | 310.5M | 272.3M | 295.6M | 310.5M |
| Revenue Growth % | 5.52% | 4.57% | 9.36% | 6.62% | 3.08% | 18.68% | 15.53% | 9.22% | 6.16% | -18.55% | -9.05% | -1.98% | 7.21% | 15.61% | 12.11% | 7.31% | 16.07% | 14.7% | 11.42% | 35.89% |
| Cost of Goods Sold | 239.9M | 198.4M | 240.8M | 234.6M | 236.3M | 201.3M | 237.3M | 225.3M | 223M | 170.1M | 213M | 226.5M | 235.1M | 221.6M | 245.8M | 234.9M | 217.7M | 184.7M | 209.3M | 205.1M |
| COGS % of Revenue | 62.41% | 62.35% | 63.24% | 61.69% | 64.86% | 66.15% | 68.15% | 63.16% | 63.1% | 66.34% | 70.67% | 69.35% | 70.62% | 70.39% | 74.17% | 70.5% | 70.11% | 67.83% | 70.81% | 66.05% |
| Gross Profit | 144.5M | 119.8M | 140M | 145.7M | 128M | 103M | 110.9M | 131.4M | 130.4M | 86.3M | 88.4M | 100.1M | 97.8M | 93.2M | 85.6M | 98.3M | 92.8M | 87.6M | 86.3M | 105.4M |
| Gross Margin % | 37.59% | 37.65% | 36.76% | 38.31% | 35.14% | 33.85% | 31.85% | 36.84% | 36.9% | 33.66% | 29.33% | 30.65% | 29.38% | 29.61% | 25.83% | 29.5% | 29.89% | 32.17% | 29.19% | 33.95% |
| Gross Profit Growth % | 12.89% | 16.31% | 26.24% | 10.88% | -1.84% | 19.35% | 25.45% | 31.27% | 33.33% | -7.4% | 3.27% | 1.83% | 5.39% | 6.39% | -0.81% | -6.74% | 4.98% | 11.73% | -8.09% | 39.23% |
| Operating Expenses | 64.1M | 59.8M | 70.4M | 72M | 58.1M | 55.6M | 82.5M | 64.4M | 66.9M | 63.5M | 63.5M | 64.5M | 64.9M | 59.2M | 74M | 61.4M | 58.6M | 58.7M | 58.5M | 62.7M |
| OpEx % of Revenue | 16.68% | 18.79% | 18.49% | 18.93% | 15.95% | 18.27% | 23.69% | 18.05% | 18.93% | 24.77% | 21.07% | 19.75% | 19.5% | 18.81% | 22.33% | 18.43% | 18.87% | 21.56% | 19.79% | 20.19% |
| Selling, General & Admin | 59.7M | 59.8M | 66.7M | 71M | 55.7M | 53.9M | 63.1M | 61.5M | 63.7M | 56.9M | 54.2M | 61.5M | 65.2M | 62.9M | 63.6M | 60.8M | 58M | 56.3M | 56.6M | 58.8M |
| SG&A % of Revenue | 15.53% | 18.79% | 17.52% | 18.67% | 15.29% | 17.71% | 18.12% | 17.24% | 18.02% | 22.19% | 17.98% | 18.83% | 19.59% | 19.98% | 19.19% | 18.25% | 18.68% | 20.68% | 19.15% | 18.94% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 1000K | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | -300K | -1000K | 1000K | 600K | 600K | 1000K | 1000K | 1000K |
| Operating Income | 80.4M | 60M | 69.6M | 73.7M | 69.9M | 47.4M | 28.4M | 67M | 63.5M | 22.8M | 24.9M | 35.6M | 32.9M | 34M | 11.6M | 36.9M | 34.2M | 28.9M | 27.8M | 42.7M |
| Operating Margin % | 20.92% | 18.86% | 18.28% | 19.38% | 19.19% | 15.58% | 8.16% | 18.78% | 17.97% | 8.89% | 8.26% | 10.9% | 9.88% | 10.8% | 3.5% | 11.07% | 11.01% | 10.61% | 9.4% | 13.75% |
| Operating Income Growth % | 15.02% | 26.58% | 145.07% | 10% | 10.08% | 107.89% | 14.06% | 88.2% | 93.01% | -32.94% | 114.66% | -3.52% | -3.8% | 17.65% | -58.27% | -13.58% | 2.4% | 3.96% | -31.7% | 113.5% |
| EBITDA | 92.8M | 72.1M | 82.4M | 85.4M | 81.2M | 58.5M | 45.4M | 83.3M | 80M | 39.2M | 41.3M | 51.4M | 48.4M | 48.8M | 27.2M | 51.8M | 49M | 44.1M | 42.8M | 57.9M |
| EBITDA Margin % | 24.14% | 22.66% | 21.64% | 22.46% | 22.29% | 19.22% | 13.04% | 23.35% | 22.64% | 15.29% | 13.7% | 15.74% | 14.54% | 15.5% | 8.21% | 15.55% | 15.78% | 16.2% | 14.48% | 18.65% |
| EBITDA Growth % | 14.29% | 23.25% | 81.5% | 2.52% | 1.5% | 49.23% | 9.93% | 62.06% | 65.29% | -19.67% | 51.84% | -0.77% | -1.22% | 10.66% | -36.45% | -10.54% | 1.87% | 3.76% | -23.16% | 67.83% |
| D&A (Non-Cash Add-back) | 12.4M | 12.1M | 12.8M | 11.7M | 11.3M | 11.1M | 17M | 16.3M | 16.5M | 16.4M | 16.4M | 15.8M | 15.5M | 14.8M | 15.6M | 14.9M | 14.8M | 15.2M | 15M | 15.2M |
| EBIT | 80.4M | 56.7M | 73.4M | 76.8M | 72.6M | 50.5M | 30.3M | 68.3M | 63.8M | 21.7M | 25.3M | 34.7M | 32.1M | 33.5M | 12.7M | 37.7M | 35M | 29.8M | 28.4M | 26.6M |
| Net Interest Income | -1.6M | -1M | -1M | -1.7M | -2.3M | -1.6M | -3M | -2.8M | -3.6M | -3.3M | -3.3M | -3.8M | -3.9M | -3.7M | -3.9M | -4.2M | -4.5M | -4.3M | -4.3M | -6.8M |
| Interest Income | 0 | 0 | 4.1M | 3.1M | 2.8M | 3.4M | 3.2M | 2.3M | 1.5M | 1.8M | 1.6M | 900K | 500K | 700K | 400K | 100K | 100K | 100K | 100K | 100K |
| Interest Expense | 1.6M | 1M | 5.1M | 4.8M | 5.1M | 5M | 6.2M | 5.1M | 5.1M | 5.1M | 4.9M | 4.7M | 4.4M | 4.4M | 4.3M | 4.3M | 4.6M | 4.4M | 4.4M | 6.9M |
| Other Income/Expense | -1.6M | -4.3M | -900K | -1.7M | -2.2M | -1.6M | -4M | -3.8M | -4.6M | -5.9M | -4.2M | -4.7M | -4.9M | -4.6M | -2.9M | -3.3M | -3.5M | -3.3M | -3.5M | -22.7M |
| Pretax Income | 78.8M | 55.7M | 68.7M | 72M | 67.7M | 45.8M | 24.4M | 63.2M | 58.9M | 16.9M | 20.7M | 30.9M | 28M | 29.4M | 8.7M | 33.6M | 30.7M | 25.6M | 24.3M | 20M |
| Pretax Margin % | 20.5% | 17.5% | 18.04% | 18.93% | 18.58% | 15.05% | 7.01% | 17.72% | 16.67% | 6.59% | 6.87% | 9.46% | 8.41% | 9.34% | 2.63% | 10.08% | 9.89% | 9.4% | 8.22% | 6.44% |
| Income Tax | 19.7M | 12.5M | 16.1M | 19.5M | 16.4M | 10.5M | 14.4M | 15.9M | 14.6M | 2.6M | 3.5M | 6.4M | 6.7M | 6.9M | 1.6M | 7.1M | 7.1M | 6.2M | 5.9M | 5.6M |
| Effective Tax Rate % | 25% | 22.44% | 23.44% | 27.08% | 24.22% | 22.93% | 59.02% | 25.16% | 24.79% | 15.38% | 16.91% | 20.71% | 23.93% | 23.47% | 18.39% | 21.13% | 23.13% | 24.22% | 24.28% | 28% |
| Net Income | 59.1M | 43.2M | 52.6M | 52.5M | 51.3M | 35.3M | 10M | 47.3M | 44.3M | 14.3M | 17.2M | 24.5M | 21.3M | 22.5M | 7.1M | 26.5M | 23.6M | 19.4M | 18.4M | 14.4M |
| Net Margin % | 15.37% | 13.58% | 13.81% | 13.8% | 14.08% | 11.6% | 2.87% | 13.26% | 12.54% | 5.58% | 5.71% | 7.5% | 6.4% | 7.15% | 2.14% | 7.95% | 7.6% | 7.12% | 6.22% | 4.64% |
| Net Income Growth % | 15.2% | 22.38% | 426% | 10.99% | 15.8% | 146.85% | -41.86% | 93.06% | 107.98% | -36.44% | 142.25% | -7.55% | -9.75% | 15.98% | -61.41% | 84.03% | 12.92% | 16.17% | -31.09% | 28.57% |
| Net Income (Continuing) | 59.1M | 43.2M | 52.6M | 52.5M | 51.3M | 35.3M | 10M | 47.3M | 44.3M | 14.3M | 17.2M | 24.5M | 21.3M | 22.5M | 7.1M | 26.5M | 23.6M | 19.4M | 18.4M | 14.4M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.38 | 0.27 | 0.33 | 0.33 | 0.33 | 0.22 | 0.06 | 0.30 | 0.28 | 0.09 | 0.11 | 0.16 | 0.14 | 0.14 | 0.05 | 0.17 | 0.15 | 0.12 | 0.12 | 0.09 |
| EPS Growth % | 15.15% | 22.73% | 419.69% | 10% | 17.86% | 140.96% | -42.27% | 87.5% | 100% | -34.79% | 120% | -5.88% | -6.67% | 16.67% | -58.33% | 88.05% | 15.38% | 9.09% | -29.41% | 27.86% |
| EPS (Basic) | 0.38 | 0.28 | 0.34 | 0.34 | 0.33 | 0.23 | 0.06 | 0.30 | 0.28 | 0.09 | 0.11 | 0.16 | 0.14 | 0.14 | 0.05 | 0.17 | 0.15 | 0.12 | 0.12 | 0.09 |
| Diluted Shares Outstanding | 157.4M | 157.3M | 157.4M | 157.4M | 157.5M | 157.5M | 156.9M | 156.7M | 156.7M | 156.7M | 157M | 157.2M | 156.9M | 157M | 157M | 157.6M | 157.5M | 158.9M | 159.3M | 159.3M |
| Basic Shares Outstanding | 156.4M | 156.3M | 156.3M | 156.5M | 156.5M | 156.3M | 156M | 155.7M | 156M | 156M | 156.3M | 156.4M | 156.3M | 156.4M | 156.3M | 157M | 156.9M | 158M | 158.3M | 158.5M |
| Dividend Payout Ratio | 18.61% | 25.23% | 19.96% | 19.81% | 20.47% | 29.74% | 100% | 20.93% | 22.57% | 69.93% | 55.23% | 39.18% | - | 42.22% | 128.17% | 34.34% | 38.56% | 47.42% | 47.28% | 60.42% |