Xylem (XYL)
Market Price (4/22/2026): $120.015 | Market Cap: $29.2 BilSector: Industrials | Industry: Industrial Machinery & Supplies & Components
Xylem (XYL)
Market Price (4/22/2026): $120.015Market Cap: $29.2 BilSector: IndustrialsIndustry: Industrial Machinery & Supplies & Components
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 14%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 10% Low stock price volatilityVol 12M is 24% Megatrend and thematic driversMegatrends include Water Infrastructure. Themes include Water Treatment & Delivery, Wastewater Management, and Desalination. | Weak multi-year price returns2Y Excs Rtn is -44%, 3Y Excs Rtn is -52% | Key risksXYL key risks include [1] significant financial and operational challenges in integrating the strategic acquisition of Evoqua Water Technologies and [2] navigating a highly competitive market with rapid technological advancements. |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 14%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 10% |
| Low stock price volatilityVol 12M is 24% |
| Megatrend and thematic driversMegatrends include Water Infrastructure. Themes include Water Treatment & Delivery, Wastewater Management, and Desalination. |
| Weak multi-year price returns2Y Excs Rtn is -44%, 3Y Excs Rtn is -52% |
| Key risksXYL key risks include [1] significant financial and operational challenges in integrating the strategic acquisition of Evoqua Water Technologies and [2] navigating a highly competitive market with rapid technological advancements. |
Qualitative Assessment
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Xylem (XYL) stock has lost about 10% since 12/31/2025 because of the following key factors:
1. Softer-than-anticipated 2026 financial guidance.
Xylem reported strong fourth-quarter 2025 results on February 10, 2026, with adjusted earnings per share (EPS) of $1.42 meeting or slightly exceeding analyst consensus and revenue increasing 6.3% year-over-year to $2.40 billion, beating estimates by 1.1%. However, the company's full-year 2026 revenue guidance of $9.1 to $9.2 billion (up 1-3% reported, 2-4% organically) fell 1.9% below analyst estimates at the midpoint. Similarly, the 2026 adjusted EPS guidance of $5.35 to $5.60 was 1.3% below analyst expectations at its midpoint. This weaker forward outlook disappointed investors, causing the stock to decline by over 8% following the earnings release.
2. Challenging market conditions in China and project delays.
Xylem's near-term outlook has been negatively affected by persistent softness in the Chinese market, which is expected to pressure its Water Infrastructure and Applied Water segments. Additionally, a slower revenue start for the first quarter of 2026 is attributed to competitive forces and delays in project timelines.
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1. Softer-than-anticipated 2026 financial guidance.
Xylem reported strong fourth-quarter 2025 results on February 10, 2026, with adjusted earnings per share (EPS) of $1.42 meeting or slightly exceeding analyst consensus and revenue increasing 6.3% year-over-year to $2.40 billion, beating estimates by 1.1%. However, the company's full-year 2026 revenue guidance of $9.1 to $9.2 billion (up 1-3% reported, 2-4% organically) fell 1.9% below analyst estimates at the midpoint. Similarly, the 2026 adjusted EPS guidance of $5.35 to $5.60 was 1.3% below analyst expectations at its midpoint. This weaker forward outlook disappointed investors, causing the stock to decline by over 8% following the earnings release.
2. Challenging market conditions in China and project delays.
Xylem's near-term outlook has been negatively affected by persistent softness in the Chinese market, which is expected to pressure its Water Infrastructure and Applied Water segments. Additionally, a slower revenue start for the first quarter of 2026 is attributed to competitive forces and delays in project timelines.
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Stock Movement Drivers
Fundamental Drivers
The -11.6% change in XYL stock from 12/31/2025 to 4/21/2026 was primarily driven by a -12.4% change in the company's P/E Multiple.| (LTM values as of) | 12312025 | 4212026 | Change |
|---|---|---|---|
| Stock Price ($) | 135.72 | 119.98 | -11.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 8,894 | 9,035 | 1.6% |
| Net Income Margin (%) | 10.7% | 10.6% | -0.6% |
| P/E Multiple | 34.9 | 30.5 | -12.4% |
| Shares Outstanding (Mil) | 243 | 244 | -0.1% |
| Cumulative Contribution | -11.6% |
Market Drivers
12/31/2025 to 4/21/2026| Return | Correlation | |
|---|---|---|
| XYL | -11.6% | |
| Market (SPY) | -5.4% | 46.8% |
| Sector (XLI) | 10.5% | 55.8% |
Fundamental Drivers
The -18.2% change in XYL stock from 9/30/2025 to 4/21/2026 was primarily driven by a -19.7% change in the company's P/E Multiple.| (LTM values as of) | 9302025 | 4212026 | Change |
|---|---|---|---|
| Stock Price ($) | 146.59 | 119.98 | -18.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 8,730 | 9,035 | 3.5% |
| Net Income Margin (%) | 10.7% | 10.6% | -1.4% |
| P/E Multiple | 38.0 | 30.5 | -19.7% |
| Shares Outstanding (Mil) | 243 | 244 | -0.1% |
| Cumulative Contribution | -18.2% |
Market Drivers
9/30/2025 to 4/21/2026| Return | Correlation | |
|---|---|---|
| XYL | -18.2% | |
| Market (SPY) | -2.9% | 48.0% |
| Sector (XLI) | 11.5% | 56.9% |
Fundamental Drivers
The 1.7% change in XYL stock from 3/31/2025 to 4/21/2026 was primarily driven by a 5.5% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 3312025 | 4212026 | Change |
|---|---|---|---|
| Stock Price ($) | 118.02 | 119.98 | 1.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 8,562 | 9,035 | 5.5% |
| Net Income Margin (%) | 10.4% | 10.6% | 1.9% |
| P/E Multiple | 32.2 | 30.5 | -5.2% |
| Shares Outstanding (Mil) | 243 | 244 | -0.2% |
| Cumulative Contribution | 1.7% |
Market Drivers
3/31/2025 to 4/21/2026| Return | Correlation | |
|---|---|---|
| XYL | 1.7% | |
| Market (SPY) | 16.3% | 63.0% |
| Sector (XLI) | 32.2% | 67.2% |
Fundamental Drivers
The 18.8% change in XYL stock from 3/31/2023 to 4/21/2026 was primarily driven by a 64.8% change in the company's Net Income Margin (%).| (LTM values as of) | 3312023 | 4212026 | Change |
|---|---|---|---|
| Stock Price ($) | 100.99 | 119.98 | 18.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 5,522 | 9,035 | 63.6% |
| Net Income Margin (%) | 6.4% | 10.6% | 64.8% |
| P/E Multiple | 51.3 | 30.5 | -40.4% |
| Shares Outstanding (Mil) | 180 | 244 | -26.0% |
| Cumulative Contribution | 18.8% |
Market Drivers
3/31/2023 to 4/21/2026| Return | Correlation | |
|---|---|---|
| XYL | 18.8% | |
| Market (SPY) | 63.3% | 59.4% |
| Sector (XLI) | 76.7% | 66.6% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| XYL Return | 19% | -7% | 5% | 3% | 19% | -11% | 26% |
| Peers Return | 24% | -24% | 48% | 28% | 19% | -1% | 113% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 4% | 89% |
Monthly Win Rates [3] | |||||||
| XYL Win Rate | 67% | 33% | 50% | 50% | 67% | 50% | |
| Peers Win Rate | 62% | 31% | 60% | 62% | 60% | 60% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| XYL Max Drawdown | -7% | -39% | -20% | -4% | -11% | -14% | |
| Peers Max Drawdown | -8% | -37% | -4% | -6% | -23% | -20% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -7% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: ITT, PNR, FLS, GRC, GCDT. See XYL Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 4/21/2026 (YTD)
How Low Can It Go
| Event | XYL | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -47.2% | -25.4% |
| % Gain to Breakeven | 89.3% | 34.1% |
| Time to Breakeven | 689 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -36.5% | -33.9% |
| % Gain to Breakeven | 57.4% | 51.3% |
| Time to Breakeven | 199 days | 148 days |
| 2018 Correction | ||
| % Loss | -25.0% | -19.8% |
| % Gain to Breakeven | 33.4% | 24.7% |
| Time to Breakeven | 109 days | 120 days |
Compare to ITT, PNR, FLS, GRC, GCDT
In The Past
Xylem's stock fell -47.2% during the 2022 Inflation Shock from a high on 9/2/2021. A -47.2% loss requires a 89.3% gain to breakeven.
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About Xylem (XYL)
Xylem Inc., together with its subsidiaries, engages in the design, manufacture, and servicing of engineered products and solutions for the water and wastewater applications in the United States, Europe, the Asia Pacific, and internationally. It operates through three segments: Water Infrastructure, Applied Water, and Measurement & Control Solutions. The Water Infrastructure segment offers various products, including water, storm water, and wastewater pumps; controls and systems; filtration, disinfection, and biological treatment equipment; and mobile dewatering equipment under the Flygt, Godwin, Wedeco, Sanitaire, Leopold, Wedeco, and Xylem Vue brand names for the transportation and treatment of water. The Applied Water segment provides pumps, valves, heat exchangers, controls, and dispensing equipment systems under the Goulds Water Technology, Bell & Gossett, A-C Fire Pump, Standard Xchange, Lowara, Jabsco, Xylem Vue and Flojet brand names for residential and commercial building services, and industrial water applications. The Measurement & Control Solutions segment provides smart meters, networked communication devices, and measurement and control technologies, as well as critical infrastructure technologies. It also offers software and services, including cloud-based analytics, remote monitoring and data management, leak detection, condition assessment, asset management, and pressure monitoring solutions, as well as testing equipment and managed services. This segment sells its products under the Pure, Sensus, Smith Blair, WTW, Xylem Vue, and YSI brand names. The company markets and sells its products through a network of direct sales force, resellers, distributors, and value-added solution providers. Xylem Inc. was formerly known as ITT WCO, Inc. and changed its name to Xylem Inc. in May 2011. The company. was incorporated in 2011 and is headquartered in Rye Brook, New York.
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Here are 1-2 brief analogies to describe Xylem (XYL):
- Siemens for water technology: Xylem provides industrial solutions, infrastructure, and smart technologies, but specifically for the water and wastewater sector, much like Siemens does for broader industrial and infrastructure domains.
- Honeywell for water systems and infrastructure: Xylem designs, manufactures, and services essential equipment, controls, and smart measurement solutions for water infrastructure, similar to how Honeywell provides industrial automation, building technologies, and critical controls for various sectors.
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- Water & Wastewater Pumps: Products including water, storm water, and wastewater pumps for the transportation and treatment of water.
- Water Treatment Equipment: Equipment for filtration, disinfection, and biological treatment processes in water systems.
- Applied Water Systems: Systems comprising pumps, valves, heat exchangers, controls, and dispensing equipment for residential, commercial, and industrial water applications.
- Measurement & Control Technologies: Smart meters, networked communication devices, and various technologies for monitoring and controlling water infrastructure.
- Software & Analytics: Cloud-based analytics, remote monitoring, and data management software designed for water system insights and operational oversight.
- Infrastructure Assessment & Management Services: Solutions for leak detection, condition assessment, asset management, and pressure monitoring of water systems.
- Testing Equipment & Managed Services: Equipment for water quality testing and professional services for the operational management of water systems.
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Xylem Inc. (XYL) primarily sells its engineered products and solutions to other companies and governmental entities, rather than directly to individuals. While the provided company description does not list specific major customer companies by name, it details the industries and types of organizations that constitute Xylem's primary customer base.
Based on its segments and product offerings, Xylem's major customers can be categorized as:
- Water and Wastewater Utilities & Municipalities: These public and private entities are responsible for the infrastructure and operations related to public water supply, storm water management, and wastewater treatment. They are major purchasers of Xylem's water and wastewater pumps, controls, treatment equipment, smart meters, networked communication devices, and various monitoring and asset management solutions from the Water Infrastructure and Measurement & Control Solutions segments.
- Industrial Companies: Across various sectors such as manufacturing, power generation, and chemical processing, industrial companies utilize Xylem's solutions for process water, cooling, and industrial wastewater applications. This includes products from the Applied Water segment (pumps, valves, heat exchangers) and Measurement & Control Solutions (testing equipment, monitoring, and data management).
- Commercial and Residential Building Developers, Contractors, and Facility Managers: This category encompasses businesses involved in the construction, maintenance, and operation of commercial and residential properties. They primarily procure products from Xylem's Applied Water segment, such as pumps, valves, and dispensing equipment systems used in building services like HVAC, fire protection, and domestic water supply. Xylem also supplies these customers indirectly through its network of resellers and distributors.
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Matthew Pine, President and Chief Executive Officer
Matthew Pine leads Xylem's 23,000 colleagues in solving water challenges for customers in over 150 countries and also serves on Xylem's Board of Directors. He became CEO in January 2024, having joined Xylem in 2020, and previously served as Chief Operating Officer where he led the Applied Water and Measurement and Control Solutions segments, and the Americas region. Mr. Pine has over 25 years of experience in general management, sales, marketing, digital, and product management, with prior senior leadership roles at United Technologies Corporation, Vestas Wind Systems, Lennox International Inc., and Trane Residential & Light Commercial Systems. He is also a member of the Board of Directors of Trane Technologies.
William Grogan, EVP, Chief Financial Officer
William Grogan was appointed Senior Vice President and Chief Financial Officer, effective October 1, 2023, and leads Xylem's finance function, aiming to deliver value through business innovation and operational discipline. Prior to joining Xylem, he served as Chief Financial Officer of IDEX Corporation.
Thomas Pettit, EVP, Chief Operations Officer
Thomas Pettit leads Xylem's Integrated Operations and Supply Chain organization, focusing on operational excellence to deliver value for customers and drive growth for the company.
Claudia Toussaint, EVP, Chief People and Sustainability Officer
Claudia Toussaint is responsible for human resources and sustainability at Xylem. She previously served as Senior Vice President, General Counsel, and Corporate Secretary of Xylem Inc.
Snehal Desai, EVP, Chief Growth and Innovation Officer
Snehal Desai is responsible for leading growth, innovation, digital strategy, and the integration execution for the combined entity of Xylem and Evoqua. He brings over 35 years of leadership experience in water and commercial technologies, having previously held a role at Evoqua Water Technologies before its acquisition by Xylem.
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The key risks to Xylem's business include:
- Reliance on Government and Infrastructure Spending: A significant portion of Xylem's revenue is derived from public sector investments in water infrastructure, including municipal, state, and national projects for water, stormwater, and wastewater applications. Fluctuations in government budgets, shifts in political priorities, or broader economic downturns can lead to reduced spending on infrastructure projects, directly impacting the demand for Xylem's products and services, such as pumps, treatment equipment, and smart water technologies.
- Changes in Environmental Regulations and Standards: Xylem operates within a highly regulated industry where demand for its products is often driven by environmental protection laws, water quality standards, and discharge regulations. Stricter regulations could necessitate more advanced treatment solutions, potentially increasing demand. However, a relaxation of environmental standards or unpredictable changes in regulatory enforcement could reduce the imperative for utilities and industries to invest in Xylem's water and wastewater management solutions, thereby negatively affecting sales.
- Technological Disruption and Competition in Advanced Water Solutions: Xylem's Measurement & Control Solutions segment, offering smart meters, networked communication devices, cloud-based analytics, and remote monitoring, operates in a rapidly evolving technological landscape. Failure to keep pace with innovation, develop competitive new products, or integrate advanced digital solutions could lead to technological obsolescence. Additionally, intense competition from existing players and new entrants in the smart water technology space could put pressure on pricing, market share, and profitability.
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Xylem Inc. operates within several large and growing addressable markets for its water and wastewater products and services. The company's main products and services fall into three segments: Water Infrastructure, Applied Water, and Measurement & Control Solutions.
Water Infrastructure Segment
- The global water and wastewater treatment market, which encompasses many of Xylem's water infrastructure offerings, was valued at approximately USD 372.39 billion in 2025 and is projected to reach USD 713.96 billion by 2034, growing at a CAGR of 7.50%. North America held a 38.20% market share in this sector in 2025.
- The global water treatment equipment market was valued at USD 65.1 billion in 2023 and is anticipated to reach USD 106 billion by 2032, expanding at a CAGR of 5.6% between 2024 and 2032.
- The global water and wastewater pumps market was estimated at USD 19.53 billion in 2025 and is predicted to grow to approximately USD 36.67 billion by 2034, with a CAGR of 7.25%. Asia Pacific dominated this market with a 39% share in 2024.
- The global biological wastewater treatment market was estimated at USD 10.76 billion in 2025 and is projected to reach USD 17.73 billion by 2033, with a CAGR of 6.5%. Asia Pacific held the largest revenue share of 35.5% in 2025.
- The global water infrastructure development market was valued at USD 25.84 billion in 2024 and is expected to reach USD 46.44 billion by 2030, growing at a CAGR of 10.10%. Asia-Pacific is noted as the fastest-growing region in this market.
Applied Water Segment
- The broader global pumps market, relevant to Xylem's residential, commercial, and industrial water applications, was valued at USD 61.32 billion in 2024 and is projected to reach USD 79.01 billion by 2029, at a CAGR of 5.2%. Asia Pacific holds the largest market share in the global pumps market.
- For industrial water applications, the global industrial wastewater treatment market was calculated at USD 19.41 billion in 2025 and is predicted to increase to approximately USD 34.11 billion by 2034, with a CAGR of 6.44%. Asia Pacific contributed over 36% of the market share in 2024.
Measurement & Control Solutions Segment
- The global smart water meters market was valued at USD 9,051.3 million in 2024 and is projected to reach USD 16,190.2 million by 2030, growing at a CAGR of 10.3%. North America dominated this market, accounting for a 46% share in 2024.
- The global water pipeline leak detection systems market was valued at USD 2.55 billion in 2024 and is projected to reach USD 4.46 billion by 2033, growing at a CAGR of 6.4% from 2025 to 2033. North America dominates this global market.
- The global water testing equipment market is expected to reach USD 7.14 billion by 2030, expanding at a CAGR of 6.1%.
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Xylem (XYL) is expected to drive future revenue growth over the next 2-3 years through several key initiatives and market trends:- Strategic Acquisitions and Integration: The integration of recently acquired companies, particularly Evoqua, is anticipated to unlock substantial synergies and market opportunities, contributing to inorganic revenue growth. Xylem has outlined plans for disciplined mergers and acquisitions to accelerate growth.
- Digital Transformation and Smart Water Technologies: Xylem is heavily investing in and leveraging digital technologies, including Artificial Intelligence (AI), Internet of Things (IoT), and data analytics, along with advanced metering infrastructure (AMI). These innovations aim to modernize water management practices and enhance offerings, driving demand for Xylem's smart water solutions.
- Secular Demand in Water Infrastructure and Solutions: The growing global imperative for sustainable water management, infrastructure upgrades, and addressing critical water challenges such as water scarcity and quality concerns (e.g., PFAS remediation) is creating a fundamental and resilient demand for Xylem’s products and services. The company is well-positioned to capitalize on this long-term market trend.
- Operational Excellence and Portfolio Optimization: Initiatives such as the 80/20 strategy, focused on simplifying the product portfolio and improving operational efficiency, are expected to enhance customer experience and allow for strategic pricing. These efforts, while also driving margin expansion, contribute to sustainable, profitable revenue growth by enabling Xylem to outperform its markets and focus on higher-value offerings.
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Capital Allocation Decisions (2021-2026)
Share Repurchases
- In February 2026, Xylem's board authorized a new share repurchase program of up to $1.5 billion, effective immediately, replacing previous programs.
- This authorization allows for opportunistic repurchases on the open market or through privately negotiated transactions.
- During the first nine months of 2025, Xylem repurchased $14 million worth of shares.
Share Issuance
- Xylem's shares outstanding significantly increased in 2023 to 0.218 billion, a 20.55% increase from 2022.
- Shares outstanding further rose to 0.244 billion in 2024, an 11.59% increase from 2023. This increase is likely related to the acquisition of Evoqua in May 2023.
Outbound Investments
- On May 24, 2023, Xylem completed the acquisition of Evoqua Water Technologies Corp., significantly broadening its offerings in municipal and industrial water treatment.
- In April 2025, Xylem acquired Vacom Systems, a wastewater treatment company, to enhance its capabilities in sustainable water solutions.
- In October 2025, Xylem entered an agreement for AURELIUS to acquire its international water and heat metering business, which generated approximately $250 million in revenues in 2024, as part of its portfolio simplification strategy.
Capital Expenditures
- Xylem's capital expenditures were $208 million in 2021, $208 million in 2022, $271 million in 2023, $321 million in 2024, and $331 million in 2025.
- Expected capital expenditures for 2026 are forecasted at $351.4 million.
- The primary focus of these expenditures includes investments in organic and inorganic growth, innovation, and profitable growth, particularly supporting advanced metering infrastructure solutions and increased infrastructure projects.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Xylem Earnings Notes | 12/29/2026 | |
| How Low Can Xylem Stock Really Go? | 10/17/2025 | |
| Xylem vs Alphabet: Which Is A Better Investment? | 08/18/2025 | |
| Xylem vs Trane Technologies: Which Is A Better Investment? | 08/18/2025 | |
| Xylem vs Mueller Industries: Which Is A Better Investment? | 08/18/2025 | |
| How Does Xylem Stock Stack Up Against Its Peers? | 08/13/2025 | |
| Better Bet Than XYL Stock: Pay Less Than Xylem To Get More From LLY, ABNB | 08/12/2025 | |
| Better Bet Than XYL Stock: Pay Less Than Xylem To Get More From FIX, POWL | 08/12/2025 | |
| ARTICLES | ||
| Stronger Bet Than Hubbell Stock: XYL Delivers More | 04/22/2026 | |
| XYL Tops Parker Hannifin Stock on Price & Potential | 04/09/2026 | |
| Mid Cap Stocks Trading At 52-Week High | 08/01/2025 |
Trade Ideas
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| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 03312026 | NSP | Insperity | Insider | Insider Buys 45DStrong Insider BuyingCompanies with multiple insider buys in the last 45 days | 0.0% | 0.0% | 0.0% |
| 03312026 | TNC | Tennant | Insider | Insider Buys 45DStrong Insider BuyingCompanies with multiple insider buys in the last 45 days | 0.0% | 0.0% | 0.0% |
| 03272026 | ADP | Automatic Data Processing | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 1.0% | 1.0% | 0.0% |
| 03272026 | HURN | Huron Consulting | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 4.0% | 4.0% | 0.0% |
| 03272026 | TRU | TransUnion | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 5.2% | 5.2% | 0.0% |
Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 86.02 |
| Mkt Cap | 14.7 |
| Rev LTM | 4,176 |
| Op Inc LTM | 684 |
| FCF LTM | 547 |
| FCF 3Y Avg | 472 |
| CFO LTM | 668 |
| CFO 3Y Avg | 589 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 3.8% |
| Rev Chg 3Y Avg | 9.7% |
| Rev Chg Q | 4.9% |
| QoQ Delta Rev Chg LTM | 1.2% |
| Op Inc Chg LTM | 8.6% |
| Op Inc Chg 3Y Avg | 27.6% |
| Op Mgn LTM | 14.7% |
| Op Mgn 3Y Avg | 13.7% |
| QoQ Delta Op Mgn LTM | 0.5% |
| CFO/Rev LTM | 15.6% |
| CFO/Rev 3Y Avg | 13.7% |
| FCF/Rev LTM | 13.0% |
| FCF/Rev 3Y Avg | 11.1% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 14.7 |
| P/S | 3.2 |
| P/Op Inc | 20.1 |
| P/EBIT | 19.0 |
| P/E | 30.5 |
| P/CFO | 20.6 |
| Total Yield | 3.8% |
| Dividend Yield | 0.6% |
| FCF Yield 3Y Avg | 4.4% |
| D/E | 0.1 |
| Net D/E | 0.1 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 12.1% |
| 3M Rtn | -2.4% |
| 6M Rtn | 4.6% |
| 12M Rtn | 45.7% |
| 3Y Rtn | 117.7% |
| 1M Excs Rtn | 3.5% |
| 3M Excs Rtn | -6.4% |
| 6M Excs Rtn | -0.7% |
| 12M Excs Rtn | 9.2% |
| 3Y Excs Rtn | 47.3% |
Comparison Analyses
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Water Infrastructure | 2,555 | 2,215 | 2,364 | 2,247 | 2,079 |
| Water Solutions and Services | 2,343 | ||||
| Measurement and Control Solutions | 1,871 | 1,612 | 1,391 | 1,335 | 1,363 |
| Applied Water | 1,793 | 1,853 | 1,767 | 1,613 | 1,434 |
| Integrated Solutions and Services | 1,684 | 0 | |||
| Total | 8,562 | 7,364 | 5,522 | 5,195 | 4,876 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Water Infrastructure | 356 | 275 | 418 | 387 | 318 |
| Applied Water | 271 | 310 | 258 | 240 | 205 |
| Measurement and Control Solutions | 247 | 133 | 2 | 12 | -106 |
| Water Solutions and Services | 219 | ||||
| Corporate and other operating (loss) | -84 | -198 | -56 | -54 | -50 |
| Integrated Solutions and Services | 132 | 0 | |||
| Total | 1,009 | 652 | 622 | 585 | 367 |
Price Behavior
Price Behavior
| Market Price | $119.98 | |
| Market Cap ($ Bil) | 29.2 | |
| First Trading Date | 10/13/2011 | |
| Distance from 52W High | -21.1% | |
| 50 Days | 200 Days | |
| DMA Price | $124.72 | $136.52 |
| DMA Trend | indeterminate | down |
| Distance from DMA | -3.8% | -12.1% |
| 3M | 1YR | |
| Volatility | 29.2% | 23.9% |
| Downside Capture | 0.58 | 0.51 |
| Upside Capture | 78.51 | 88.97 |
| Correlation (SPY) | 41.2% | 48.5% |
XYL Betas & Captures as of 3/31/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.95 | 0.83 | 1.08 | 0.88 | 0.86 | 0.90 |
| Up Beta | 0.37 | 0.60 | 0.83 | 0.61 | 0.78 | 0.84 |
| Down Beta | 0.93 | 0.20 | 0.90 | 0.68 | 0.90 | 0.88 |
| Up Capture | 84% | 87% | 103% | 78% | 79% | 73% |
| Bmk +ve Days | 7 | 16 | 27 | 65 | 139 | 424 |
| Stock +ve Days | 8 | 17 | 28 | 60 | 128 | 395 |
| Down Capture | 111% | 127% | 133% | 117% | 101% | 100% |
| Bmk -ve Days | 12 | 23 | 33 | 58 | 110 | 323 |
| Stock -ve Days | 14 | 25 | 35 | 66 | 124 | 356 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with XYL | |
|---|---|---|---|---|
| XYL | 10.0% | 23.9% | 0.34 | - |
| Sector ETF (XLI) | 38.5% | 15.4% | 1.91 | 57.0% |
| Equity (SPY) | 23.7% | 12.7% | 1.52 | 51.2% |
| Gold (GLD) | 41.4% | 27.5% | 1.25 | -3.9% |
| Commodities (DBC) | 22.4% | 16.2% | 1.25 | -12.8% |
| Real Estate (VNQ) | 14.2% | 13.8% | 0.72 | 26.6% |
| Bitcoin (BTCUSD) | -10.4% | 42.7% | -0.14 | 26.3% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with XYL | |
|---|---|---|---|---|
| XYL | 3.4% | 25.9% | 0.12 | - |
| Sector ETF (XLI) | 12.9% | 17.3% | 0.59 | 71.2% |
| Equity (SPY) | 10.8% | 17.1% | 0.49 | 66.7% |
| Gold (GLD) | 21.6% | 17.8% | 0.99 | 7.6% |
| Commodities (DBC) | 10.9% | 18.8% | 0.47 | 10.8% |
| Real Estate (VNQ) | 4.1% | 18.8% | 0.12 | 54.7% |
| Bitcoin (BTCUSD) | 3.8% | 56.4% | 0.29 | 21.3% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with XYL | |
|---|---|---|---|---|
| XYL | 12.5% | 27.2% | 0.47 | - |
| Sector ETF (XLI) | 14.0% | 19.9% | 0.62 | 76.4% |
| Equity (SPY) | 13.9% | 17.9% | 0.67 | 69.9% |
| Gold (GLD) | 13.7% | 15.9% | 0.71 | 2.8% |
| Commodities (DBC) | 8.2% | 17.6% | 0.39 | 20.1% |
| Real Estate (VNQ) | 5.4% | 20.7% | 0.23 | 56.3% |
| Bitcoin (BTCUSD) | 68.0% | 66.9% | 1.07 | 14.1% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 2/10/2026 | -8.0% | -8.3% | -12.4% |
| 10/28/2025 | 0.7% | -0.2% | -5.0% |
| 7/31/2025 | 10.7% | 10.0% | 10.6% |
| 4/29/2025 | 2.3% | 5.5% | 8.4% |
| 2/4/2025 | 5.2% | 6.9% | 5.9% |
| 10/31/2024 | -6.5% | -5.0% | -2.4% |
| 7/30/2024 | -5.7% | -10.9% | -4.3% |
| 5/2/2024 | 3.8% | 7.8% | 8.0% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 17 | 16 | 16 |
| # Negative | 7 | 8 | 8 |
| Median Positive | 3.8% | 6.6% | 8.2% |
| Median Negative | -5.7% | -7.2% | -6.1% |
| Max Positive | 10.7% | 10.1% | 19.2% |
| Max Negative | -12.0% | -10.9% | -17.9% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 12/31/2025 | 02/25/2026 | 10-K |
| 09/30/2025 | 10/28/2025 | 10-Q |
| 06/30/2025 | 07/31/2025 | 10-Q |
| 03/31/2025 | 04/29/2025 | 10-Q |
| 12/31/2024 | 03/03/2025 | 10-K |
| 09/30/2024 | 10/31/2024 | 10-Q |
| 06/30/2024 | 07/30/2024 | 10-Q |
| 03/31/2024 | 05/02/2024 | 10-Q |
| 12/31/2023 | 02/28/2024 | 10-K |
| 09/30/2023 | 10/31/2023 | 10-Q |
| 06/30/2023 | 08/04/2023 | 10-Q |
| 03/31/2023 | 05/04/2023 | 10-Q |
| 12/31/2022 | 02/24/2023 | 10-K |
| 09/30/2022 | 11/01/2022 | 10-Q |
| 06/30/2022 | 08/02/2022 | 10-Q |
| 03/31/2022 | 05/04/2022 | 10-Q |
Recent Forward Guidance [BETA]
Latest: Q4 2025 Earnings Reported 2/10/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Revenue | 9.10 Bil | 9.15 Bil | 9.20 Bil | 1.7% | Higher New | Actual: 9.00 Bil for 2025 | |
| 2026 Revenue Growth | 2.0% | 3.0% | 4.0% | -45.5% | -2.5% | Lower New | Actual: 5.5% for 2025 |
| 2026 Adjusted EBITDA Margin | 22.9% | 23.1% | 23.3% | 4.3% | 1.0% | Higher New | Actual: 22.15% for 2025 |
| 2026 Free Cash Flow Margin | 10.2% | 10.6% | 11.0% | 11.6% | 1.1% | Higher New | Actual: 9.5% for 2025 |
| 2026 Adjusted EPS | 5.35 | 5.47 | 5.6 | 8.3% | Higher New | Actual: 5.05 for 2025 | |
Prior: Q3 2025 Earnings Reported 10/28/2025
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2025 Revenue | 9.00 Bil | 0.6% | Raised | Guidance: 8.95 Bil for 2025 | |||
| 2025 Revenue Growth | 5.5% | 22.2% | 1.0% | Raised | Guidance: 4.5% for 2025 | ||
| 2025 Adjusted EBITDA Margin | 22.15% | 2.8% | 0.6% | Raised | Guidance: 21.55% for 2025 | ||
| 2025 Adjusted EPS | 5.05 | 5.9% | Raised | Guidance: 4.78 for 2025 | |||
| 2025 Free Cash Flow Margin | 9.5% | 0 | Affirmed | Guidance: 9.5% for 2025 | |||
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Harker, Victoria D | Direct | Sell | 11052025 | 148.14 | 1,700 | 251,838 | 2,499,862 | Form | |
| 2 | Toussaint, Claudia S | EVP, CPSO | by Claudia S. Toussaint Revocable Trust | Sell | 10312025 | 152.64 | 10,421 | 1,590,661 | 4,770,000 | Form |
| 3 | McShane, Geri-Michelle | VP, CAO | Direct | Sell | 9052025 | 139.96 | 1,000 | 139,962 | 413,868 | Form |
| 4 | Glatch, Lisa | Direct | Sell | 8202025 | 140.66 | 4,900 | 689,231 | 726,224 | Form | |
| 5 | Harker, Victoria D | Direct | Sell | 8052025 | 143.63 | 1,800 | 258,542 | 2,668,007 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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