Filing Flows › Industrials › Zurn Elkay Water Solutions (ZWS)
Zurn Elkay Water Solutions (ZWS) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Oct 27, 2026 · Zurn Elkay Water Solutions (ZWS) Q3 2026 earnings results →
Q3 2026 Revenue up 9% year over year to $495M · 15¢ of every $1 of revenue kept as net profit · operating margin 21.9%
Zurn Elkay Water Solutions made $495M in Q3 2026 (+9% Y/Y). Operating margin 21.9%, net earnings $76.3M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 27, 2026.
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What changed this quarter
Revenue was $495.1M in Q3 2026, up 9% year over year and up 1% from the previous quarter.
Gross margin was 49.6%, up 5.6 points from Q3 2025. Operating profit was $108.2M, a 21.9% margin (up 4.8 points year over year). Of the extra revenue versus Q3 2025, 77% reached operating profit, above the 17% margin then. Operating expenses grew 12% against revenue growth of 9%. The fastest-growing cost line was SG&A (+13%). Net earnings were $76.3M, up 23% year over year. The effective tax rate was 25.8%.
Operating cash flow was $112.2M (up 11% year over year), 147% of net earnings. Non-cash charges added back $21.5M of depreciation and amortization and $10.6M of share-based compensation. After expenditures for property, plant and equipment, net ($2.6M), free cash flow as the company reports it was $109.6M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Oct 27, 2026 | $495M | +9% | 21.9% | $76.3M | $112M |
| Q2 2026 | 10-Q | Jul 28, 2026 | $491M | +10% | 31.0% | $113M | $162M |
| Q1 2026 | 10-Q | Apr 21, 2026 | $433M | +11% | 19.0% | $58.9M | $46.1M |
| Q4 2025 | 10-K | Feb 9, 2026 | $407M | +10% | 14.8% | $42.1M | $91.7M |
| Q3 2025 | 10-Q | Oct 28, 2025 | $455M | +11% | 17.0% | $61.8M | $101M |
| Q2 2025 | 10-Q | Jul 29, 2025 | $444M | +8% | 17.5% | $50.5M | $111M |
| Q1 2025 | 10-Q | Apr 22, 2025 | $389M | +4% | 16.3% | $43.6M | $42.9M |
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About Zurn Elkay Water Solutions
Zurn Elkay Water Solutions Corporation ("Zurn Elkay", "we", "us", "our", or the "Company") is a growth-oriented, pure-play water management business that designs, procures, manufactures, and markets what we believe to be the broadest sustainable product portfolio of specification-driven water management solutions to improve health, hydration, human safety and the environment. Our product portfolio includes professional grade water safety and control products, flow systems products, hygienic and environmental products, and filtered drinking water products for public and private spaces that deliver superior value to building owners, positively impact the environment and human hygiene and reduce product installation time.
In its own words, from its 10-K, filed Feb 9, 2026.
Zurn Elkay Water Solutions against its General Industrial Machinery & Equipment peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +9% against the peers' median +9%. Operating margin: 21.9% against the peers' median 20.0%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| ZWS Zurn Elkay Water Solutions | Q3 2026 | $495M | +9% | 21.9% |
| ITW Illinois Tool Works | Q3 2026 | $4.2B | +4% | 27.8% |
| IR Ingersoll Rand | Q3 2026 | $2.1B | +6% | 37.9% |
| ZBRA Zebra Technologies | Q3 2026 | $1.6B | +22% | 14.7% |
| GTES Gates Industrial | Q3 2026 | $904M | +6% | 14.5% |
| TWIN Twin Disc | Q1 FY27 | $88.7M | +11% | 5.2% |
| GHM Graham | Q2 FY27 | $69.8M | +6% | 8.4% |
| GTEC Greenland Technologies Holding | Q2 2026 | $29.9M | +38% | 20.0% |
Source: Zurn Elkay Water Solutions 10-Q on SEC EDGAR · CIK 1439288 · General Industrial Machinery & Equipment
Guidance and outlook
13F: who owns ZWS and who is buying
More on ZWS
- How Zurn Elkay Water Solutions makes money: revenue by segment
- Zurn Elkay Water Solutions stock forecast, price target and fair value
- Who owns Zurn Elkay Water Solutions stock: holders, funds and Congress trades
- Zurn Elkay Water Solutions guidance and outlook
- Is Zurn Elkay Water Solutions a takeover target? LBO and rumors
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results
Compare ZWS with
- Zurn Elkay Water Solutions vs Gates Industrial (ZWS vs GTES)
- Zurn Elkay Water Solutions vs Zebra Technologies (ZWS vs ZBRA)
- Zurn Elkay Water Solutions vs Ingersoll Rand (ZWS vs IR)
- Zurn Elkay Water Solutions vs Twin Disc (ZWS vs TWIN)
- Zurn Elkay Water Solutions vs Graham (ZWS vs GHM)
- Zurn Elkay Water Solutions vs Greenland Technologies Holding (ZWS vs GTEC)