Credit and interest ratesnegative · 5 filings
“The decrease in interest expense was primarily driven by the same dynamics impacting the decrease for the quarter.”10-Q · Jul 28, 2026 ↗
Xylem Inc.
XYL
Market read
Xylem Inc.'s current read is isolated; its market group is not confirming.
The latest filing is mixed. 0 of 32 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 6 directly disclosed connections are confirming.
What changed
- Revenue increased 2.7% versus the comparable filing period.
Company-2.6% todayVolume comparison unavailable
Market group0 of 32 activeIndustrial Equipment · unavailable
Disclosed network0 of 6 confirmingNo filing-linked name is confirming now
What would change this read
Watch this read- Filing attributes decrease in interest expense to increased interest income on cross-currency swaps and lower equipment financing, partially offset by interest on Senior Notes (2033) and Blue Notes (2036).
- Organic revenue was partially offset by a $1 million organic decline in the industrial application tied to changing customer dynamics and lower backlog execution in western Europe.
Invalidation: The isolated read changes if XYL's group or a disclosed connection begins moving with it.
Research brief
The story so far
The latest filing is mixed. 0 of 32 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 6 directly disclosed connections are confirming.
Evidence that supports
- Revenue increased 2.7% versus the comparable filing period.
Evidence that challenges
No thresholded adverse filing evidence is available yet.
What would clarify the read
- Filing attributes decrease in interest expense to increased interest income on cross-currency swaps and lower equipment financing, partially offset by interest on Senior Notes (2033) and Blue Notes (2036).
- Organic revenue was partially offset by a $1 million organic decline in the industrial application tied to changing customer dynamics and lower backlog execution in western Europe.
Company research
Understand the business, not just the ticker
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 observations600
Usable filing statements307
Verified relationships7
Evidence supporting the case
- Latest annual revenue changed +5.5% year over year.
- Operating margin changed +1.8 percentage points in the latest annual period.
- Demand and volume has repeated favorable evidence across 5 filings.
- Supply chain and availability has repeated favorable evidence across 3 filings.
Evidence challenging the case
- Credit and interest rates has repeated adverse evidence across 5 filings.
- Macroeconomic conditions has repeated adverse evidence across 5 filings.
Questions before a position
- P/E is 22% below the available filing-peer median; determine whether growth and quality justify the difference.
- EV/sales is 42% below the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context
Price as of Sep 9, 2026
107.656m-12.3%12m-23.1%24m-16.7%
Annual trajectory
Reported annual revenue and per-share history. This is accounting history, not a forecast.
PeriodRevenueYoYDiluted EPSShare change
2021-12-31$5.2B+6.5%$2.35+0.2%
2022-12-31$5.5B+6.3%$1.96-0.3%
2023-12-31$7.4B+33.4%$2.79+20.6%
2024-12-31$8.6B+16.3%$3.65+11.6%
2025-12-31$9.0B+5.5%$3.92+0.2%
What management says matters
Persistent and emerging business drivers
Demand and volumepositive · 5 filings
“The increase in backlog as compared to December 31, 2025 was driven primarily by strong order intake, including the securing of a significant contract in the Water Solutions and Services segment, partially offset by backlog declines in the Measurement and Con…”10-Q · Jul 28, 2026 ↗
Foreign exchangemixed · 5 filings
“As such, beginning total backlog, plus orders, minus revenues, will not equal ending total backlog due to contract adjustments, foreign currency fluctuations, and other factors.”10-Q · Jul 28, 2026 ↗
Macroeconomic conditionsmixed · 5 filings
“Our outlook is being provided in the context of the current volatility, including due to geopolitical, trade, macroeconomic and regulatory uncertainty.”10-Q · Jul 28, 2026 ↗
Valuation discipline
Descriptive valuation snapshot
Price/sales 2.9× · EV/sales 2.9×. Comparisons use only industry-matched filing peers.
Scenario scaffold
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
105.93-2.6% today
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 10 Sept, 15:35 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 XYL. 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 · baseline
The latest filing presents a mixed picture
10-Q filed 2026-04-28 against the comparable filing from 2025-04-29.
OperationsmixedEvidence score +1
liquidityneutralEvidence score 0
valuationmixed
What improved
- Revenue increased 2.7% versus the comparable filing period.
What weakened
No thresholded deterioration was identified.
Filing receipts
“The decrease in organic revenue for the three months ended March 31, 2026 is primarily due to reduced capital project revenue in the U.S. in our Water Solutions and Services segment, and reduced backlog execution due to lower opening backlog in western Europe across multiple segments.”
“Revenue in the capital and other applications declined by $14 million organically, primarily due to reduced capital project revenue and sales volume in the U.S., partially offset by sales volume in the emerging markets.”
“The gross margin increase was partially offset by net unfavorable impacts of 10 basis points from increases in restructuring and realignment costs, flat special charges, and decreased acquired intangible amortization and special charges as compared to the prior year.”
Retrospective baseline calibration. It was generated after the filing date and is not part of Jodie's live track record.
Business ecosystem
The relationships behind XYL
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
BTIBritish American Tobacco p.l.c.distributorFeb 25, 2026 ▾
“Our principal currency exposures for which we enter into cash flow hedges include the Euro, Swedish Krona, Canadian Dollar, Polish Zloty, British Pound and Australian Dollar.”
GSThe Goldman Sachs Group, Inc.partnerFeb 25, 2026 ▾
“In 2021, in partnership with Goldman Sachs, we continued 12 our work towards further integrating our business and finance strategies with sustainability by creating a cash account tied to performance of select 2025 Sustainability goals.”
Depended on by
CECOCECO Environmental Corp.partnerMar 2, 2026 ▾
“Gleason served on the board of Faradyne, a strategic joint venture between Pentair and Xylem.”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 6 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
XYL 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. 3 filing-linked names 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.