Filing Flows › Zurn Elkay Water Solutions (ZWS) › Q4 2025
Zurn Elkay Water Solutions (ZWS) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 9, 2026
Zurn Elkay Water Solutions (ZWS) reported revenue of $407M for the fourth quarter 2025 (Q4 2025), +10% from a year earlier and -11% from the quarter before. Operating margin was 14.8%, net earnings $42.1M (10.3% of revenue).
Zurn Elkay Water Solutions, Q4 2025: revenue $407M (+10% year over year), operating margin 14.8%, net earnings $42.1M, operating cash flow $91.7M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $407M | -11% | +10% |
| Gross profit | $181M | -10% | +12% |
| Operating profit | $60.4M | -22% | +23% |
| Net earnings | $42.1M | -32% | +16% |
| Operating cash flow | $91.7M | -9% | +44% |
| Free cash flow | $82.5M | — | +51% |
What changed
Revenue was $407.2M in Q4 2025, up 10% year over year and down 11% from the previous quarter.
Gross margin was 44.4%, up 0.9 points from a year earlier. Operating profit was $60.4M, a 14.8% margin (up 1.5 points year over year). Of the extra revenue versus a year earlier, 30% reached operating profit, above the 13% margin then. Operating expenses grew 8% against revenue growth of 10%. Net earnings were $42.1M, up 16% year over year. The effective tax rate was 21.5%.
Operating cash flow was $91.7M (up 44% year over year), 218% of net earnings. Non-cash charges added back $22.1M of depreciation and amortization and $11.5M of share-based compensation. Working capital and other items added $16.0M. Capital expenditures of $9.2M left free cash flow of $82.5M.
Questions
What was Zurn Elkay Water Solutions' revenue in the fourth quarter 2025?
Zurn Elkay Water Solutions (ZWS) reported revenue of $407M for the fourth quarter 2025 (Q4 2025), +10% from a year earlier and -11% from the quarter before.
Was Zurn Elkay Water Solutions profitable in the fourth quarter 2025?
Operating profit was $60.4M (14.8% of revenue) and net earnings $42.1M.