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Mueller Water Products, Inc.

MWA

Industrials · 23.99 -0.0% today

Isolated · not yet confirmedMarket checked 11 Sept, 12:45 GMT-4

Market read

Mueller Water Products, Inc.'s current read is isolated; its market group is not confirming.

The latest filing evidence is available. 0 of 32 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 1 directly disclosed connection is confirming.

What changed
  • Revenue increased 4.1% versus the comparable filing period.
Company-0.0% todayVolume comparison unavailable
Market group0 of 32 activeIndustrial Equipment · unavailable
Disclosed network0 of 1 confirmingNo filing-linked name is confirming now
What would change this read
  • The latest period included non-recurring tariff refunds, while management cited roughly 5% inflation as an offset to pricing and performance.
  • Net interest expense for the six months ended March 31, 2026 was $2.6 million, a decrease of $1.3 million (33.3%), primarily due to higher interest income.

Invalidation: The isolated read changes if MWA's group or a disclosed connection begins moving with it.

Watch this read

Research brief

The story so far

Industrials · Specialty Industrial Machinery

The latest filing evidence is available. 0 of 32 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 1 directly disclosed connection is confirming.

Evidence that supports
  • Revenue increased 4.1% versus the comparable filing period.
  • Operating margin improved 1.0 percentage points.
  • Net income increased 28.2% versus the comparable filing period.
Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • The latest period included non-recurring tariff refunds, while management cited roughly 5% inflation as an offset to pricing and performance.
  • Net interest expense for the six months ended March 31, 2026 was $2.6 million, a decrease of $1.3 million (33.3%), primarily due to higher interest income.

Company research

Understand the business, not just the ticker

As of Sep 11, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods9
Price observations327
Usable filing statements111
Verified relationships2
Evidence supporting the case
  • Latest annual revenue changed +8.7% year over year.
  • Operating margin changed +4.4 percentage points in the latest annual period.
  • Net margin changed +4.6 percentage points in the latest annual period.
  • Demand and volume has repeated favorable evidence across 5 filings.
  • Pricing and mix has repeated favorable evidence across 5 filings.
  • Tariffs and trade policy has repeated favorable evidence across 5 filings.
  • Capital investment and capacity has repeated favorable evidence across 4 filings.
Evidence challenging the case
  • Foreign exchange has repeated adverse evidence across 4 filings.
Questions before a position

No credible peer-relative valuation comparison is available yet.

Longer-term price context

Price as of Sep 10, 2026

23.69
6m-15.8%12m-3.9%24m
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2021-09-30$1.1B+15.2%$0.44+0.4%
2022-09-30$1.2B+12.3%$0.48-0.8%
2023-09-30$1.3B+2.3%$0.55-0.8%
2024-09-30$1.3B+3.1%$0.74+0.1%
2025-09-30$1.4B+8.7%$1.22+0.4%

What management says matters

Persistent and emerging business drivers

Credit and interest ratesmixed · 5 filings
Net interest expense for the nine months ended June 30, 2026 was $3.3 million as compared with $5.6 million in the prior year period, a decrease of $2.3 million or 41.1%, primarily due to higher interest income.
10-Q · Aug 6, 2026
Demand and volumemixed · 5 filings
31 Table of Contents Water Management Solutions Net sales for the nine months ended June 30, 2026 were $491.9 million as compared with $441.5 million in the prior year period, an increase of $50.4 million or 11.4%, primarily as a result of higher volumes and…
10-Q · Aug 6, 2026
Macroeconomic conditionsmixed · 5 filings
SG&A for the nine months ended June 30, 2026 was $66.8 million as compared with $65.0 million in the prior year period, an increase of $1.8 million or 2.8%, primarily as a result of inflation of approximately 3%, higher personnel related expenses, and unfavor…
10-Q · Aug 6, 2026
Pricing and mixpositive · 5 filings
The increase was primarily driven by higher pricing across most product lines, increased volumes, and product mix.
10-Q · Aug 6, 2026

Valuation discipline

Peer-relative valuation withheld

Jodie found no industry-matched filing peers suitable for a valuation comparison. It will not substitute broader financial-sector names.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

23.99-0.0% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 12:45 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for MWA. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Latest filing assessment

Fundamentals strengthened in the latest filing

10-Q filed 2026-08-06 against the comparable filing from 2025-08-05.

constructive
OperationsconstructiveEvidence score +3
liquidityneutralEvidence score 0
valuationmixed

Capital and cash conversion

Inventory built faster than revenue

watch

Inventory growth exceeded revenue growth and inventory intensity increased.

Capital spending YoY
+32.9%
Capital spending / revenue
+4.0%
Free-cash-flow margin
+10.1%
FCF margin change
+0.2 pts

Capex, revenue, and operating cash flow are matched to the same reported duration. Reported accounting context, not a forecast or trading recommendation.

What improved

  • Revenue increased 4.1% versus the comparable filing period.
  • Operating margin improved 1.0 percentage points.
  • Net income increased 28.2% versus the comparable filing period.

What weakened

No thresholded deterioration was identified.

Filing receipts

This increase was primarily a result of higher pricing across most product lines, non-recurring tariff refunds, and performance partially offset by lower volumes, approximately 5% inflation, and product mix.

This increase was primarily a result of higher pricing across most product lines and performance, partially offset by lower volumes, approximately 5% inflation and product mix.

The increase was primarily a result of higher pricing across most product lines, increased volumes, and non-recurring tariff refunds, which were partially offset by performance, $3.1 million of portfolio optimization costs, and approximately 3% inflation.

Historical filing backfill generated after the original filing window. It is not part of Jodie's live track record.

Business ecosystem

The relationships behind MWA

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depended on by

BMIBadger Meter, Inc.competitorFeb 17, 2026

Across the Company's BlueEdge suite of offerings, organizations such as Sensus (Xylem Inc.), Neptune (Roper Technologies, Inc.), Hach (Veralto Corp.), Itron Inc., Aclara (Hubbell Inc.), Mueller Water Products Inc., Kamstrup and others have select elements of…

Filing peers

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks 5 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

MWA is currently a Follower in the organic co-movement group Industrial Equipment. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 1 filing-linked name are in the relationship map; none is currently confirmed as moving with the group.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.