ZWS - Zurn Elkay Water Solutions Corp

📈 Is growth accelerating? 7 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Mar 31, 2020 10-K ↗	FY 2018 Mar 31, 2019 10-K ↗	FY 2017 Mar 31, 2018 10-K ↗	FY 2016 Mar 31, 2017 10-K ↗	FY 2015 Mar 31, 2016 10-K ↗	FY 2014 Mar 31, 2015 10-K ↗	FY 2013 Mar 31, 2014 10-K ↗	FY 2012 Mar 31, 2013 10-K ↗	FY 2011 Mar 31, 2012 10-K ↗	FY 2010 Mar 31, 2011 10-K ↗	FY 2009 Mar 31, 2010 10-K ↗	FY 2008 Mar 31, 2009 10-K ↗
Revenue Growth YoY (%)	8.3% Fair ↓ Fair Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+65%)	2.4% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-53%)	19.4% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+288%)	40.7% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+714%)	22.1% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+342%)	-63.9% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-1379%)	0.8% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-83%)	-0.7% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-115%)	7.7% Fair ↑ Fair Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+54%)	-0.3% Weak ↑ Weak Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-106%)	-6.2% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-223%)	0.8% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-84%)	1.5% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-71%)	3.1% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-37%)	14.4% Good Good Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+188%)	12.6% Good Good Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+151%)	—	—
EPS Growth YoY (%)	25.8% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	43.1% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	58.5% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-59.0% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	-17.4% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	-18.2% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	1245.5% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-78.4% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	-21.5% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	-3.0% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	-18.3% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	164.5% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-40.4% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	15.6% Good Good Year-over-year change in earnings per share Optimal: > 10%	N/M	N/M	—	—
Net Income Growth YoY (%)	23.6% Good ↓ Good Declining Year-over-year change in net income	42.1% Excellent ↑ Excellent Improving Year-over-year change in net income	82.7% Excellent ↑ Excellent Improving Year-over-year change in net income	-49.0% Weak ↓ Weak Declining Year-over-year change in net income	-17.6% Weak ↓ Weak Declining Year-over-year change in net income	-18.5% Weak ↓ Weak Declining Year-over-year change in net income	425.1% Excellent ↑ Excellent Improving Year-over-year change in net income	-54.8% Weak ↓ Weak Declining Year-over-year change in net income	2.4% Caution ↓ Caution Declining Year-over-year change in net income	9.1% Fair ↓ Fair Declining Year-over-year change in net income	-19.0% Weak ↓ Weak Declining Year-over-year change in net income	177.5% Excellent ↑ Excellent Improving Year-over-year change in net income	-39.7% Weak Weak Year-over-year change in net income	67.6% Excellent Excellent Year-over-year change in net income	N/M	N/M	—	—
FCF Growth YoY (%)	20.2% Good ↓ Good Declining Year-over-year change in free cash flow	17.3% Good ↑ Good Improving Year-over-year change in free cash flow	127.7% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	-65.2% Weak ↓ Weak Declining Year-over-year change in free cash flow	-30.6% Weak ↓ Weak Declining Year-over-year change in free cash flow	15.1% Good ↓ Good Declining Year-over-year change in free cash flow	11.8% Fair ↑ Fair Improving Year-over-year change in free cash flow	14.0% Fair ↑ Fair Improving Year-over-year change in free cash flow	32.1% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	-17.3% Weak ↓ Weak Declining Year-over-year change in free cash flow	-14.7% Weak ↓ Weak Declining Year-over-year change in free cash flow	37.4% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	60.6% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	-27.3% Weak ↓ Weak Declining Year-over-year change in free cash flow	-36.3% Weak Weak Year-over-year change in free cash flow	-4.9% Weak Weak Year-over-year change in free cash flow	—	—
Revenue CAGR 3Y (%)	9.8% Fair ↓ Fair Declining Compound annual revenue growth over 3 years	19.8% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	27.1% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	-14.7% Weak ↑ Weak Improving Compound annual revenue growth over 3 years	-23.7% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	-28.8% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	2.5% Caution ↑ Caution Improving Compound annual revenue growth over 3 years	2.2% Caution ↑ Caution Improving Compound annual revenue growth over 3 years	0.3% Weak ↑ Weak Improving Compound annual revenue growth over 3 years	-1.9% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	-1.4% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	1.8% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	6.2% Fair Fair Compound annual revenue growth over 3 years	9.9% Fair Fair Compound annual revenue growth over 3 years	—	—	—	—
Revenue CAGR 5Y (%)	17.8% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	-5.4% Weak ↑ Weak Improving Compound annual revenue growth over 5 years	-5.7% Weak ↑ Weak Improving Compound annual revenue growth over 5 years	-9.1% Weak ↑ Weak Improving Compound annual revenue growth over 5 years	-13.8% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	-17.3% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	0.2% Weak ↑ Weak Improving Compound annual revenue growth over 5 years	0.2% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	0.6% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	-0.3% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	2.5% Caution Caution Compound annual revenue growth over 5 years	6.3% Fair Fair Compound annual revenue growth over 5 years	—	—	—	—	—	—
EPS CAGR 3Y (%)	41.8% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	-2.4% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	-18.7% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	-34.8% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	108.7% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	33.4% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	31.6% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	-45.2% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	-14.6% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	28.0% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	8.8% Fair ↑ Fair Improving Compound annual EPS growth over 3 years	22.1% Excellent Excellent Compound annual EPS growth over 3 years	—	-26.7% Weak Weak Compound annual EPS growth over 3 years	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Mar 31, 2020 10-K ↗	FY 2018 Mar 31, 2019 10-K ↗	FY 2017 Mar 31, 2018 10-K ↗	FY 2016 Mar 31, 2017 10-K ↗	FY 2015 Mar 31, 2016 10-K ↗	FY 2014 Mar 31, 2015 10-K ↗	FY 2013 Mar 31, 2014 10-K ↗	FY 2012 Mar 31, 2013 10-K ↗	FY 2011 Mar 31, 2012 10-K ↗	FY 2010 Mar 31, 2011 10-K ↗	FY 2009 Mar 31, 2010 10-K ↗	FY 2008 Mar 31, 2009 10-K ↗
Operating Margin (%) (%)	16.4% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+37%)	15.6% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+30%)	12.5% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	8.4% Caution ↓ Caution Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-30%)	11.7% Caution ↓ Caution Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	14.4% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+20%)	16.2% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+35%)	14.9% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+24%)	7.1% Caution ↓ Caution Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-41%)	9.6% Caution ↓ Caution Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-20%)	9.1% Caution ↓ Caution Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-24%)	9.9% Caution ↓ Caution Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-17%)	13.4% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+12%)	12.7% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+6%)	12.6% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+5%)	12.9% Fair Fair Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+7%)	10.7% Caution Caution Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-11%)	—
Effective Tax Rate (%) (%)	24.9% Fair ↓ Fair Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	23.2% Fair ↑ Fair Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	29.0% Caution ↑ Caution Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	32.0% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	5.2% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	24.9% Fair Fair Actual taxes paid relative to pre-tax income Optimal: 15-25%	—	—	-34.5% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	9.6% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	—	—	—	—	—	—	—	—
Profit Margin (%) (%)	11.7% Fair ↑ Fair Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+46%)	10.2% Fair ↑ Fair Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+28%)	7.4% Caution ↓ Caution Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-8%)	4.8% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-40%)	13.3% Fair ↑ Fair Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+66%)	19.7% Good ↑ Good Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+146%)	8.7% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+9%)	1.7% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-79%)	3.7% Weak → Weak Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-54%)	3.9% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-52%)	3.5% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-56%)	4.1% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-49%)	1.5% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-81%)	2.5% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-69%)	1.5% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-81%)	-3.0% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-138%)	5.8% Caution Caution Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-27%)	—
FCF Margin (%) (%)	20.4% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	18.7% Good ↑ Good Improving Free cash flow as a percentage of revenue Optimal: > 10%	16.6% Good ↓ Good Declining Free cash flow as a percentage of revenue Optimal: > 10%	7.6% Caution ↓ Caution Declining Free cash flow as a percentage of revenue Optimal: > 10%	24.5% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	42.9% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	12.4% Fair ↑ Fair Improving Free cash flow as a percentage of revenue Optimal: > 10%	10.5% Fair ↑ Fair Improving Free cash flow as a percentage of revenue Optimal: > 10%	9.1% Caution ↑ Caution Improving Free cash flow as a percentage of revenue Optimal: > 10%	7.3% Caution ↓ Caution Declining Free cash flow as a percentage of revenue Optimal: > 10%	8.7% Caution ↑ Caution Improving Free cash flow as a percentage of revenue Optimal: > 10%	9.6% Caution ↑ Caution Improving Free cash flow as a percentage of revenue Optimal: > 10%	6.8% Caution ↑ Caution Improving Free cash flow as a percentage of revenue Optimal: > 10%	4.2% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	4.2% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	7.5% Caution Caution Free cash flow as a percentage of revenue Optimal: > 10%	8.8% Caution Caution Free cash flow as a percentage of revenue Optimal: > 10%	—
FCF / Net Income (x)	1.75x Excellent ↓ Excellent Declining Free cash flow relative to reported net income Optimal: > 1x	1.83x Excellent → Excellent Stable Free cash flow relative to reported net income Optimal: > 1x	2.25x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	1.57x Excellent ↓ Excellent Declining Free cash flow relative to reported net income Optimal: > 1x	1.85x Excellent ↓ Excellent Declining Free cash flow relative to reported net income Optimal: > 1x	2.18x Excellent ↓ Excellent Declining Free cash flow relative to reported net income Optimal: > 1x	1.43x Good ↓ Good Declining Free cash flow relative to reported net income Optimal: > 1x	6.29x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	2.47x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	1.90x Excellent ↓ Excellent Declining Free cash flow relative to reported net income Optimal: > 1x	2.46x Excellent ↓ Excellent Declining Free cash flow relative to reported net income Optimal: > 1x	2.35x Excellent ↓ Excellent Declining Free cash flow relative to reported net income Optimal: > 1x	4.59x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	1.68x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	2.70x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	-2.47x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	1.52x Excellent Excellent Free cash flow relative to reported net income Optimal: > 1x	—

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Mar 31, 2020 10-K ↗	FY 2018 Mar 31, 2019 10-K ↗	FY 2017 Mar 31, 2018 10-K ↗	FY 2016 Mar 31, 2017 10-K ↗	FY 2015 Mar 31, 2016 10-K ↗	FY 2014 Mar 31, 2015 10-K ↗	FY 2013 Mar 31, 2014 10-K ↗	FY 2012 Mar 31, 2013 10-K ↗	FY 2011 Mar 31, 2012 10-K ↗	FY 2010 Mar 31, 2011 10-K ↗	FY 2009 Mar 31, 2010 10-K ↗	FY 2008 Mar 31, 2009 10-K ↗
Return on Invested Capital (%)	10.0% Fair ↑ Fair Improving Return earned on debt + equity capital invested Optimal: > 10%	9.0% Fair ↑ Fair Improving Return earned on debt + equity capital invested Optimal: > 10%	6.5% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	3.4% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	15.2% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	3.2% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	9.5% Fair ↑ Fair Improving Return earned on debt + equity capital invested Optimal: > 10%	9.8% Fair ↑ Fair Improving Return earned on debt + equity capital invested Optimal: > 10%	7.7% Fair ↑ Fair Improving Return earned on debt + equity capital invested Optimal: > 10%	6.2% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	5.5% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	6.5% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	8.5% Fair → Fair Stable Return earned on debt + equity capital invested Optimal: > 10%	8.4% Fair → Fair Stable Return earned on debt + equity capital invested Optimal: > 10%	8.3% Fair Fair Return earned on debt + equity capital invested Optimal: > 10%	8.2% Fair Fair Return earned on debt + equity capital invested Optimal: > 10%	—	—
Return on Capital (%) (%)	10.4% Good ↑ Good Improving Operating profit relative to total assets Optimal: > 10%	9.2% Fair ↑ Fair Improving Operating profit relative to total assets Optimal: > 10%	7.2% Fair ↑ Fair Improving Operating profit relative to total assets Optimal: > 10%	3.7% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	9.9% Fair ↑ Fair Improving Operating profit relative to total assets Optimal: > 10%	3.2% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	9.2% Fair ↑ Fair Improving Operating profit relative to total assets Optimal: > 10%	9.4% Fair ↑ Fair Improving Operating profit relative to total assets Optimal: > 10%	4.3% Caution ↓ Caution Declining Operating profit relative to total assets Optimal: > 10%	5.2% Caution ↓ Caution Declining Operating profit relative to total assets Optimal: > 10%	5.2% Caution ↓ Caution Declining Operating profit relative to total assets Optimal: > 10%	6.0% Caution ↓ Caution Declining Operating profit relative to total assets Optimal: > 10%	8.1% Fair ↑ Fair Improving Operating profit relative to total assets Optimal: > 10%	7.4% Fair → Fair Stable Operating profit relative to total assets Optimal: > 10%	7.5% Fair Fair Operating profit relative to total assets Optimal: > 10%	7.1% Fair Fair Operating profit relative to total assets Optimal: > 10%	—	—
Return on Common Equity (%) (%)	12.3% Fair ↑ Fair Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-18%)	10.1% Fair ↓ Fair Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-33%)	7.0% Caution ↓ Caution Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-53%)	3.8% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-75%)	95.6% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+538%)	10.2% Fair ↑ Fair Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-32%)	13.7% Fair ↑ Fair Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-8%)	2.8% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-81%)	6.3% Caution ↓ Caution Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-58%)	6.9% Caution ↓ Caution Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-54%)	11.5% Fair ↑ Fair Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-23%)	15.2% Good ↑ Good Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: At sector avg	5.4% Caution ↓ Caution Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-64%)	11.7% Fair ↑ Fair Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-22%)	-37.4% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-349%)	58.2% Excellent Excellent Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+288%)	—	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Mar 31, 2020 10-K ↗	FY 2018 Mar 31, 2019 10-K ↗	FY 2017 Mar 31, 2018 10-K ↗	FY 2016 Mar 31, 2017 10-K ↗	FY 2015 Mar 31, 2016 10-K ↗	FY 2014 Mar 31, 2015 10-K ↗	FY 2013 Mar 31, 2014 10-K ↗	FY 2012 Mar 31, 2013 10-K ↗	FY 2011 Mar 31, 2012 10-K ↗	FY 2010 Mar 31, 2011 10-K ↗	FY 2009 Mar 31, 2010 10-K ↗	FY 2008 Mar 31, 2009 10-K ↗
Debt to Equity (x)	0.31x Good → Good Stable Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-56%)	0.31x Good ↓ Good Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-55%)	0.31x Good ↓ Good Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-56%)	0.33x Good ↓ Good Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-53%)	4.27x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+510%)	0.78x Fair ↓ Fair Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+11%)	1.12x Caution ↓ Caution Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+61%)	1.01x Caution ↓ Caution Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+44%)	1.12x Caution ↓ Caution Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+60%)	1.52x Weak ↓ Weak Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+117%)	3.26x Weak ↓ Weak Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+366%)	3.51x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+401%)	3.51x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+401%)	4.58x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+554%)	-30.21x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-4415%)	-25.06x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-3679%)	—	—
Interest Coverage (x)	—	3.59x Fair ↓ Fair Declining Operating income divided by interest expense Optimal: > 5x	4.97x Fair ↑ Fair Improving Operating income divided by interest expense Optimal: > 5x	3.98x Fair ↑ Fair Improving Operating income divided by interest expense Optimal: > 5x	3.08x Fair ↓ Fair Declining Operating income divided by interest expense Optimal: > 5x	2.35x Caution ↓ Caution Declining Operating income divided by interest expense Optimal: > 5x	5.70x Good ↑ Good Improving Operating income divided by interest expense Optimal: > 5x	4.37x Fair ↑ Fair Improving Operating income divided by interest expense Optimal: > 5x	1.95x Caution ↓ Caution Declining Operating income divided by interest expense Optimal: > 5x	2.07x Caution ↓ Caution Declining Operating income divided by interest expense Optimal: > 5x	1.91x Caution ↓ Caution Declining Operating income divided by interest expense Optimal: > 5x	2.32x Caution ↑ Caution Improving Operating income divided by interest expense Optimal: > 5x	2.50x Caution ↑ Caution Improving Operating income divided by interest expense Optimal: > 5x	1.67x Caution ↑ Caution Improving Operating income divided by interest expense Optimal: > 5x	1.39x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	1.21x Weak Weak Operating income divided by interest expense Optimal: > 5x	0.83x Weak Weak Operating income divided by interest expense Optimal: > 5x	—
Net Debt (USD)	$196.00M	$297.60M	$358.60M	$411.10M	$442.90M	$1.06B	$900.00M	$945.50M	$1.14B	$1.13B	$1.44B	$1.57B	$1.63B	$1.44B	$2.12B	$1.82B	$-263.90M	$-287.90M
Debt / EBITDA (x)	1.61x Good ↓ Good Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.81x Good ↓ Good Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.25x Fair ↓ Fair Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	4.20x Weak ↓ Weak Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	3.57x Caution ↓ Caution Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	6.95x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	3.50x Caution ↓ Caution Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	3.15x Caution ↓ Caution Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	5.73x Weak ↓ Weak Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	5.61x Weak ↓ Weak Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	6.63x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	6.14x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	5.20x Weak ↓ Weak Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	5.34x Weak ↓ Weak Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	6.72x Weak Weak Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	7.99x Weak Weak Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—

📊 What does each share earn? 8 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Mar 31, 2020 10-K ↗	FY 2018 Mar 31, 2019 10-K ↗	FY 2017 Mar 31, 2018 10-K ↗	FY 2016 Mar 31, 2017 10-K ↗	FY 2015 Mar 31, 2016 10-K ↗	FY 2014 Mar 31, 2015 10-K ↗	FY 2013 Mar 31, 2014 10-K ↗	FY 2012 Mar 31, 2013 10-K ↗	FY 2011 Mar 31, 2012 10-K ↗	FY 2010 Mar 31, 2011 10-K ↗	FY 2009 Mar 31, 2010 10-K ↗	FY 2008 Mar 31, 2009 10-K ↗
Revenue per Share (USD)	$10.06	$9.12	$8.78	$8.46	$7.50	$6.18	$18.52	$19.60	$19.89	$18.67	$19.08	$20.19	$20.74	$20.89	$29.13	$25.46	$22.62	—
Basic EPS, GAAP (USD)	$1.17	$0.93	$0.65	$0.41	$1.00	$1.21	$1.48	$0.11	$0.51	$0.65	$0.67	$0.82	$0.31	$0.52	$0.45	$-0.77	$1.32	—
Free Cash Flow per Share (USD)	$2.05	$1.71	$1.46	$0.64	$1.84	$2.65	$2.30	$2.06	$1.81	$1.37	$1.66	$1.94	$1.41	$0.88	$1.21	$1.90	$2.00	—
Dividend per Share (USD)	$0.38	$0.33	$0.29	$0.20	$0.30	—	$0.08	—	—	—	—	—	—	—	—	—	—	—
Book Value per Share (USD)	$9.60	$9.32	$9.30	$9.13	$1.01	$12.01	$10.95	$11.72	$11.64	$10.33	$5.80	$5.45	$5.73	$4.46	$-1.20	$-1.32	—	—
Tangible Book Value per Share (USD)	$-0.16	$-0.58	$-0.85	$-0.97	$-2.44	$8.29	$-4.39	$-5.56	$-6.15	$-7.78	$-11.10	$-12.18	$-12.04	$-13.58	$-27.59	$-26.20	—	—
Basic Weighted Avg Shares (shares)	168.66M	171.69M	174.25M	151.58M	121.49M	120.76M	111.69M	104.64M	103.89M	102.75M	100.84M	101.53M	98.11M	95.97M	66.75M	66.76M	66.75M	—
Dividend Payout Ratio (%)	32.5% Good Good Dividends paid as a percentage of earnings Optimal: 30-60%	35.5% Good Good Dividends paid as a percentage of earnings Optimal: 30-60%	—	—	30.0% Excellent Excellent Dividends paid as a percentage of earnings Optimal: 30-60%	—	5.4% Excellent Excellent Dividends paid as a percentage of earnings Optimal: 30-60%	—	—	—	—	—	—	—	—	—	—	—

🏦 How resilient is the balance sheet? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Mar 31, 2020 10-K ↗	FY 2018 Mar 31, 2019 10-K ↗	FY 2017 Mar 31, 2018 10-K ↗	FY 2016 Mar 31, 2017 10-K ↗	FY 2015 Mar 31, 2016 10-K ↗	FY 2014 Mar 31, 2015 10-K ↗	FY 2013 Mar 31, 2014 10-K ↗	FY 2012 Mar 31, 2013 10-K ↗	FY 2011 Mar 31, 2012 10-K ↗	FY 2010 Mar 31, 2011 10-K ↗	FY 2009 Mar 31, 2010 10-K ↗	FY 2008 Mar 31, 2009 10-K ↗
Working Capital (USD)	$552.30M	$474.30M	$446.90M	$468.20M	$234.40M	$590.20M	$808.80M	$585.90M	$543.50M	$777.80M	$771.70M	$694.60M	$689.10M	$638.90M	$549.70M	$483.60M	—	—
LT Debt (USD)	$496.50M	$495.60M	$495.30M	$535.90M	$539.50M	$1.12B	$1.47B	$1.24B	$1.36B	$1.62B	$1.92B	$1.94B	$1.97B	$1.96B	$2.41B	$2.21B	—	—
Total Equity (USD)	$1.60B	$1.59B	$1.60B	$1.61B	$126.40M	$1.44B	$1.31B	$1.23B	$1.21B	$1.07B	$588.60M	$552.90M	$562.30M	$428.50M	$-79.90M	$-88.20M	—	—

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Mar 31, 2020 10-K ↗	FY 2018 Mar 31, 2019 10-K ↗	FY 2017 Mar 31, 2018 10-K ↗	FY 2016 Mar 31, 2017 10-K ↗	FY 2015 Mar 31, 2016 10-K ↗	FY 2014 Mar 31, 2015 10-K ↗	FY 2013 Mar 31, 2014 10-K ↗	FY 2012 Mar 31, 2013 10-K ↗	FY 2011 Mar 31, 2012 10-K ↗	FY 2010 Mar 31, 2011 10-K ↗	FY 2009 Mar 31, 2010 10-K ↗	FY 2008 Mar 31, 2009 10-K ↗
Sales/Revenue/Turnover (USD)	$1.70B	$1.57B	$1.53B	$1.28B	$910.90M	$746.10M	$2.07B	$2.05B	$2.07B	$1.92B	$1.92B	$2.05B	$2.03B	$2.01B	$1.94B	$1.70B	$1.51B	—
Depreciation Expense (USD)	$30.00M	$29.20M	$29.20M	$20.50M	$44.10M	$53.20M	$86.60M	$87.90M	$89.70M	$105.40M	$115.40M	$112.20M	$106.90M	$112.40M	$114.00M	$57.50M	$59.60M	—
Net Income, GAAP (USD)	$198.00M	$160.20M	$112.70M	$61.70M	$120.90M	$146.70M	$180.10M	$34.30M	$75.90M	$74.10M	$67.90M	$83.80M	$30.20M	$50.10M	$29.90M	$-51.30M	$88.10M	—
Operating Cash Flow (USD)	$346.50M	$293.50M	$253.90M	$97.00M	$223.60M	$320.20M	$298.60M	$258.10M	$228.50M	$195.10M	$219.00M	$245.90M	$190.80M	$144.50M	$139.30M	$164.50M	$155.50M	—

Zurn Elkay Water Solutions Corp

Analytical Summary

18-Year Financial Trajectory

Health Breakdown

Dividend History

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