Filing Flows › Zurn Elkay Water Solutions (ZWS) › Q3 2025
Zurn Elkay Water Solutions (ZWS) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 28, 2025
Zurn Elkay Water Solutions (ZWS) reported revenue of $455M for the third quarter 2025 (Q3 2025), +11% from a year earlier and +2% from the quarter before. Operating margin was 17.0%, net earnings $61.8M (13.6% of revenue).
Zurn Elkay Water Solutions, Q3 2025: revenue $455M (+11% year over year), operating margin 17.0%, net earnings $61.8M, operating cash flow $101M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $455M | +2% | +11% |
| Gross profit | $201M | -0.8% | +6% |
| Operating profit | $77.5M | -0.1% | +10% |
| Net earnings | $61.8M | +22% | +42% |
| Operating cash flow | $101M | -8% | +11% |
| Free cash flow | $93.9M | — | +8% |
What changed
Revenue was $455.4M in Q3 2025, up 11% year over year and up 2% from the previous quarter.
Gross margin was 44.1%, down 2.1 points from a year earlier. Operating profit was $77.5M, a 17.0% margin (down 0.1 points year over year). Of the extra revenue versus a year earlier, 16% reached operating profit, below the 17% margin then. Operating expenses grew 3% against revenue growth of 11%. Net earnings were $61.8M, up 42% year over year. The effective tax rate was 24.0%.
Operating cash flow was $101.3M (up 11% year over year), 164% of net earnings. Non-cash charges added back $21.8M of depreciation and amortization and $9.6M of share-based compensation. Working capital and other items added $8.1M. After expenditures for property, plant and equipment ($7.4M), free cash flow as the company reports it was $93.9M.
Questions
What was Zurn Elkay Water Solutions' revenue in the third quarter 2025?
Zurn Elkay Water Solutions (ZWS) reported revenue of $455M for the third quarter 2025 (Q3 2025), +11% from a year earlier and +2% from the quarter before.
Was Zurn Elkay Water Solutions profitable in the third quarter 2025?
Operating profit was $77.5M (17.0% of revenue) and net earnings $61.8M.