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How Mueller Water Products (MWA) makes money
Mueller Water Products (MWA) made $376M of revenue in the fourth quarter fiscal 2026 (Q4 FY26), -1% from a year earlier. Of every dollar of revenue, 37¢ was left as gross profit, 19¢ was left as operating profit, 14¢ was left as net earnings.
Drawing the Sankey…
Where each dollar of revenue goes
| Line | Q4 FY26 | % of revenue |
|---|---|---|
| Revenue | $376M | 100.0% |
| Cost of revenue | $237M | 63.0% |
| Gross profit | $139M | 37.0% |
| Operating expenses | $66.2M | 17.6% |
| Operating profit | $73.1M | 19.4% |
| Income tax | $20.3M | 5.4% |
| Net earnings | $52.3M | 13.9% |
| Operating cash flow | $109M | 28.9% |
| Free cash flow | $96.7M | 25.7% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q4 FY26 | $376M | -1% |
| Q3 FY26 | $396M | +4% |
| Q2 FY26 | $384M | +6% |
| Q1 FY26 | $318M | +5% |
| Q4 FY25 | $381M | +9% |
| Q3 FY25 | $380M | +7% |
| Q2 FY25 | $364M | +3% |
From Mueller Water Products' 8-K filed Nov 4, 2026 (on EDGAR).
Questions
How does Mueller Water Products make money?
Mueller Water Products (MWA) made $376M of revenue in the fourth quarter fiscal 2026 (Q4 FY26), -1% from a year earlier. Of every dollar of revenue, 37¢ was left as gross profit, 19¢ was left as operating profit, 14¢ was left as net earnings.
What is Mueller Water Products' profit margin?
Net earnings were $52.3M, 13.9% of revenue, in the fourth quarter fiscal 2026; the operating margin was 19.4%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.