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Mueller Water Products (MWA) Q4 FY25 earnings results (fourth quarter fiscal 2025)
10-K filed Nov 19, 2025
Mueller Water Products (MWA) reported revenue of $381M for the fourth quarter fiscal 2025 (Q4 FY25), +9% from a year earlier and +0.1% from the quarter before. Operating margin was 18.3%, net earnings $52.6M (13.8% of revenue).
Mueller Water Products, Q4 FY25: revenue $381M (+9% year over year), operating margin 18.3%, net earnings $52.6M, operating cash flow $83.5M. The chart follows the revenue to costs, profit and cash.
| Q4 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $381M | +0.1% | +9% |
| Gross profit | $140M | -4% | +26% |
| Operating profit | $69.6M | -6% | +145% |
| Net earnings | $52.6M | +0.2% | +426% |
| Operating cash flow | $83.5M | +24% | -6% |
| Free cash flow | $69.0M | — | — |
What changed
Revenue was $380.8M in Q4 FY25, up 9% year over year and roughly flat from the previous quarter.
Gross margin was 36.8%, up 4.9 points from a year earlier. Operating profit was $69.6M, a 18.3% margin (up 10.1 points year over year). Of the extra revenue versus a year earlier, 126% reached operating profit, above the 8% margin then. Operating expenses fell 15% while revenue rose 9%. Net earnings were $52.6M, up 426% year over year. The effective tax rate was 23.4%.
Operating cash flow was $83.5M (down 6% year over year), 159% of net earnings. Non-cash charges added back $12.8M of depreciation and amortization and $3.4M of share-based compensation. Working capital and other items added $14.7M. After capital expenditures ($14.5M), free cash flow as the company reports it was $69.0M.
Questions
What was Mueller Water Products' revenue in the fourth quarter fiscal 2025?
Mueller Water Products (MWA) reported revenue of $381M for the fourth quarter fiscal 2025 (Q4 FY25), +9% from a year earlier and +0.1% from the quarter before.
Was Mueller Water Products profitable in the fourth quarter fiscal 2025?
Operating profit was $69.6M (18.3% of revenue) and net earnings $52.6M.