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Mueller Water Products vs Elmet Group: MWA and ELMT compared
Mueller Water Products is the larger company: $376M of revenue in its latest quarter (Q4 FY26) against $66.4M for Elmet Group (Q2 2026). Elmet Group is growing faster (+35% against -1% a year earlier). Mueller Water Products is more profitable, with an operating margin of 19.4% against -11.5%.
Where the money goes: MWA and ELMT
Mueller Water Products (MWA) · Q4 FY26
Mueller Water Products, Q4 FY26: revenue $376M (-1% year over year), operating margin 19.4%, net earnings $52.3M, operating cash flow $109M. The chart follows the revenue to costs, profit and cash.
Elmet Group (ELMT) · Q2 2026
Elmet Group, Q2 2026: revenue $66.4M (+35% year over year), operating margin -11.5%, net loss $4.5M, operating cash flow −$14.5M. The chart follows the revenue to costs, profit and cash.
| Mueller Water Products (MWA) | Elmet Group (ELMT) | |
|---|---|---|
| Latest quarter | Q4 FY26 | Q2 2026 |
| Revenue | $376M | $66.4M |
| Revenue growth, Y/Y | -1% | +35% |
| Gross margin | 37.0% | — |
| Operating margin | 19.4% | -11.5% |
| Net earnings | $52.3M | −$4.5M |
| Net margin | 13.9% | -6.8% |
| Operating cash flow | $109M | −$14.5M |
| Free cash flow | $96.7M | — |
| Market value | $3.8B | — |
| P/E | 17.0× | — |
| Analysts’ mean target | $27.00 | — |
Questions
Which is bigger, Mueller Water Products or Elmet Group?
Mueller Water Products is the larger company: $376M of revenue in its latest quarter (Q4 FY26) against $66.4M for Elmet Group (Q2 2026).
Is Mueller Water Products or Elmet Group growing faster?
Elmet Group is growing faster (+35% against -1% a year earlier).
Which is more profitable, Mueller Water Products or Elmet Group?
Mueller Water Products is more profitable, with an operating margin of 19.4% against -11.5%.
More: Mueller Water Products earnings · how Mueller Water Products makes money · Elmet Group earnings · how Elmet Group makes money
From the companies' latest 10-Q, 10-K or earnings release (8-K filed Nov 4, 2026; 10-Q filed Aug 13, 2026). Fiscal quarters can end on different dates. Not investment advice.