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Mueller Water Products (MWA) operating margin by quarter
Mueller Water Products' operating margin was 19.4% in Q4 FY26 (fourth quarter fiscal 2026), -0.9 pts from Q3 FY26. Over the last 7 quarters it ranged from 17.8% (Q1 FY26) to 20.9% (Q2 FY26).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q4 FY26 | 19.4% | -0.9 pts | +1.1 pts |
| Q3 FY26 | 20.4% | -0.6 pts | +1.0 pts |
| Q2 FY26 | 20.9% | +3.1 pts | +1.7 pts |
| Q1 FY26 | 17.8% | -0.5 pts | — |
| Q4 FY25 | 18.3% | -1.1 pts | — |
| Q3 FY25 | 19.4% | +0.2 pts | — |
| Q2 FY25 | 19.2% | — | — |
Q4 FY26 at a glance
Mueller Water Products, Q4 FY26: revenue $376M (-1% year over year), operating margin 19.4%, net earnings $52.3M, operating cash flow $109M. The chart follows the revenue to costs, profit and cash.
Questions
What is Mueller Water Products' operating margin?
Mueller Water Products' operating margin was 19.4% in Q4 FY26 (fourth quarter fiscal 2026), -0.9 pts from Q3 FY26.
How has Mueller Water Products' operating margin changed?
Over the last 7 quarters it ranged from 17.8% (Q1 FY26) to 20.9% (Q2 FY26).
Q4 FY26 results → · How Mueller Water Products makes money →