ZWSZurn Elkay Water Solutions Corporation
The business
How ZWS's business earns
Zurn Elkay Water Solutions Corporation earns 17% on the capital it employs against an estimated 9.0% cost of capital.
Return on invested capital · cost of capital 9.0% · 7.9 points above the estimated cost of capital
- Operating margin
- 22%
Operating margin · Industrials median 9.9% · 12 months to Sep 30, 2026
- Cash conversion
- 1.35×
Cash conversion · 1.56× a year ago · operating cash flow divided by operating profit after tax
- Share count, year on year
- −1.3%
Share count, year on year · fewer shares than a year ago
| Year | Operating margin |
|---|---|
| FY2019 | 15% |
| FY2021 | 12% |
| FY2022 | 8.4% |
| FY2023 | 13% |
| FY2024 | 16% |
| FY2025 | 16% |
Details›
- Gross margin12 months to Sep 30, 2026
- 50%
- Operating margin12 months to Sep 30, 2026
- 22%
- Net margin12 months to Sep 30, 2026
- 16%
- Revenue, trailing twelve months
- $1.83B
- Net income, trailing twelve months
- $291M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 17%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.
Customers and suppliers
Who buys from ZWS and who it buys from, as the companies report it.
- Largest customer18%
Share of revenue · FY2025 10-K
- Top five customers38%
Combined share of revenue · FY2025 10-K
None disclosed.
Industrials
The closest names by size in the same sector