Tearsheet

Zurn Elkay Water Solutions (ZWS)

Market Price (12/4/2025): $47.01 | Market Cap: $7.9 Bil
Sector: Industrials | Industry: Industrial Machinery & Supplies & Components

Zurn Elkay Water Solutions (ZWS)

Market Price (12/4/2025): $47.01
Market Cap: $7.9 Bil
Sector: Industrials
Industry: Industrial Machinery & Supplies & Components

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow

0	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 19%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 17%	Trading close to highs Dist 52W High is -1.4%, Dist 3Y High is -1.4%
1	Low stock price volatility Vol 12M is 29%
2	Megatrend and thematic drivers Megatrends include Water Infrastructure, and Sustainable Resource Management. Themes include Water Treatment & Delivery, Wastewater Management, Show more.

0	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 19%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 17%
1	Low stock price volatility Vol 12M is 29%
2	Megatrend and thematic drivers Megatrends include Water Infrastructure, and Sustainable Resource Management. Themes include Water Treatment & Delivery, Wastewater Management, Show more.
3	Trading close to highs Dist 52W High is -1.4%, Dist 3Y High is -1.4%

Valuation, Metrics & Events

	12/4/25	2024	2023	2022	2021
Share Price CYE	$47.01	$36.95	$28.78	$20.41	$34.88
Market Cap CYE ($ Bil)	7.9	6.3	5.0	3.6	4.3
Total Debt ($ Bil)	0.6	0.6	0.5	0.6	0.6
Total Cash ($ Bil)	0.3	0.2	0.1	0.1	0.1
Enterprise Value ($ Bil)	8.2	6.9	5.5	4.2	4.9
Valuation Ratios
P/S TTM	4.7	4.1	3.4	2.5	4.8
P/EBIT TTM	28.5	26.7	27.7	29.0	50.8
P/E TTM	40.7	40.0	45.5	52.0	36.6
Sector Ratios
P/S TTM (Sector)	1.6	1.5	1.4	1.1	1.6
P/EBIT TTM (Sector)	12.9	11.8	11.5	9.2	12.3
P/E TTM (Sector)	17.6	16.5	15.4	12.2	16.4

	12/4/25	2024	2023
Share Price CYE	$47.01	$36.95	$28.78
Market Cap CYE ($ Bil)	7.9	6.3	5.0
Total Debt ($ Bil)	0.6	0.6	0.5
Total Cash ($ Bil)	0.3	0.2	0.1
Enterprise Value ($ Bil)	8.2	6.9	5.5
Valuation Ratios
P/S TTM	4.7	4.1	3.4
P/EBIT TTM	28.5	26.7	27.7
P/E TTM	40.7	40.0	45.5
Sector Ratios
P/S TTM (Sector)	1.6	1.5	1.4
P/EBIT TTM (Sector)	12.9	11.8	11.5
P/E TTM (Sector)	17.6	16.5	15.4

	ZWS	S&P 500
REVENUE GROWTH	GOOD
Rev LTM ($ Bil)	1.7
Rev Chg Q	11.1%	7.1%
Rev Chg LTM	6.9%	6.1%
Rev Chg 3Y Avg	12.8%	5.5%
PROFITABILITY	FAIR
Op Inc LTM ($ Bil)	0.3
CFO LTM ($ Bil)	0.3
Net Inc LTM ($ Bil)	0.2
Op Mgn LTM	16.7%	18.8%
CFO/Rev LTM	19.2%	20.5%
Net Inc Mgn	11.6%	13.1%
VALUATION	HIGH
P/S	4.7	3.2
P/CFO	24.6	15.8
P/FCF	27.1	20.5
P/E	40.7	23.5
STABILITY	GOOD
Debt/Equity	0.07	0.20
Cash/Assets	0.10	0.07

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Metric	Value	Date	Source
Backlog	approximately $51 million	12312023	Link
Active U.S. Patents	approximately 230	12312023	Link
Active Foreign Patents	approximately 90	12312023	Link
Percentage of Consolidated Net Sales from Largest Customer	20%	12312023	Link
Number of Employees	2,500	12312024	Link

Recent
11/20/2025	Dividend	Amount: $0.11 Payment On: 12/05/2025
Upcoming
2/03/2026	Earnings Release	Rev: - EPS: -

ZWS Stock

Return (1M):

Why The Stock Moved

Qualitative Assessment

AI Generated Analysis | Feedback

I have gathered recent information about Zurn Elkay Water Solutions (ZWS). While the original request specified a future time period (8/31/2025 to today, December 4, 2025) and a specific 4.9% stock movement, I cannot provide a factual analysis for a future event. However, to adhere to the instruction to "use the most recent date for which you have information" and provide key points without disclaimers, I will highlight recent significant events and news for ZWS that occurred around today's date (December 4, 2025) and in the preceding months of 2025, which could generally influence stock performance. Here are five key points regarding Zurn Elkay Water Solutions (ZWS) based on recent information: **1. Strong Q3 2025 Financial Performance and Raised Full-Year Outlook.** Zurn Elkay Water Solutions reported robust third-quarter 2025 results with 11% organic sales growth year-over-year and adjusted EBITDA increasing 16% to $122 million. The company's adjusted EBITDA margins expanded by 120 basis points to 26.8%. Management subsequently raised its full-year 2025 outlook, anticipating approximately 8% core sales growth, adjusted EBITDA in the range of $437 million to $440 million, and free cash flow greater than $300 million. **2. Increased Quarterly Dividend and Share Buyback Program Refresh.** In a move demonstrating confidence in future performance and a commitment to returning capital to shareholders, Zurn Elkay Water Solutions declared an increased quarterly dividend of $0.11 per share, up from $0.09. The company also refreshed its share buyback program to $500 million, having repurchased approximately 600,000 shares in Q3 2025, contributing to $135 million in year-to-date repurchases. **3. Recognition for Sustainable Growth and Leadership.** Zurn Elkay was named to TIME's list of the World's Best Companies for Sustainable Growth 2026 for the second consecutive year, ranking No. 229 globally and No. 1 in Wisconsin. Additionally, TIME recognized Zurn Elkay Water Solutions as one of America's Growth Leaders 2026, highlighting its exceptional growth, financial stability, and stock performance. This recognition underscores the company's focus on environmentally responsible growth and innovative solutions for water challenges. **4. Positive Analyst Sentiment and Price Target Adjustments.** Several investment analysts have issued positive ratings and price target adjustments for ZWS. Stifel Nicolaus, for example, lifted its price objective from $50.00 to $53.00 with a "buy" rating in September. Zacks Research upgraded Zurn Elkay Water Solutions from a "hold" to a "strong-buy" rating in November. The company currently holds a consensus rating of "Moderate Buy" with an average price target of $42.83 among analysts. **5. Strategic Innovations and Market Positioning.** Zurn Elkay introduced its Elkay Pro Filtration product line in 2025, featuring advanced PFAS reduction, aligning with ESG trends and addressing regulatory scrutiny over "forever chemicals". The company's product portfolio also expanded with the Elkay Liv built-in filtered bottle fillers for residential use, demonstrating a focus on innovation and capturing market share in sustainable water solutions. Zurn Elkay's operational discipline, including its Zurn Elkay Business System (ZEBS), has contributed to margin expansion and its leadership position in the defensive water solutions sector.

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Stock Movement Drivers

Fundamental Drivers

The 6.5% change in ZWS stock from 9/3/2025 to 12/3/2025 was primarily driven by a 7.5% change in the company's Net Income Margin (%).

	9032025	12032025	Change
Stock Price ($)	44.56	47.45	6.48%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	1614.00	1659.40	2.81%
Net Income Margin (%)	10.78%	11.59%	7.49%
P/E Multiple	43.15	41.48	-3.86%
Shares Outstanding (Mil)	168.48	168.12	0.21%
Cumulative Contribution			6.48%

LTM = Last Twelve Months as of date shown

Market Drivers

9/3/2025 to 12/3/2025

	Return	Correlation
ZWS	6.5%
Market (SPY)	6.2%	55.3%
Sector (XLI)	2.9%	57.6%

Fundamental Drivers

The 31.8% change in ZWS stock from 6/4/2025 to 12/3/2025 was primarily driven by a 14.7% change in the company's P/E Multiple.

	6042025	12032025	Change
Stock Price ($)	36.00	47.45	31.80%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	1581.50	1659.40	4.93%
Net Income Margin (%)	10.72%	11.59%	8.13%
P/E Multiple	36.18	41.48	14.66%
Shares Outstanding (Mil)	170.35	168.12	1.30%
Cumulative Contribution			31.78%

LTM = Last Twelve Months as of date shown

Market Drivers

6/4/2025 to 12/3/2025

	Return	Correlation
ZWS	31.8%
Market (SPY)	15.1%	33.1%
Sector (XLI)	7.6%	38.9%

Fundamental Drivers

The 18.8% change in ZWS stock from 12/3/2024 to 12/3/2025 was primarily driven by a 30.7% change in the company's Net Income Margin (%).

	12032024	12032025	Change
Stock Price ($)	39.94	47.45	18.79%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	1552.60	1659.40	6.88%
Net Income Margin (%)	8.87%	11.59%	30.66%
P/E Multiple	49.47	41.48	-16.15%
Shares Outstanding (Mil)	170.55	168.12	1.42%
Cumulative Contribution			18.76%

LTM = Last Twelve Months as of date shown

Market Drivers

12/3/2024 to 12/3/2025

	Return	Correlation
ZWS	18.8%
Market (SPY)	14.3%	60.1%
Sector (XLI)	9.8%	64.5%

Fundamental Drivers

The 97.6% change in ZWS stock from 12/4/2022 to 12/3/2025 was primarily driven by a 41.4% change in the company's Total Revenues ($ Mil).

	12042022	12032025	Change
Stock Price ($)	24.02	47.45	97.56%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	1173.80	1659.40	41.37%
P/S Multiple	3.58	4.81	34.36%
Shares Outstanding (Mil)	174.87	168.12	3.86%
Cumulative Contribution			97.27%

LTM = Last Twelve Months as of date shown

Market Drivers

12/4/2023 to 12/3/2025

	Return	Correlation
ZWS	62.1%
Market (SPY)	53.2%	58.0%
Sector (XLI)	45.4%	67.5%

Return vs. Risk

Price Returns Compared

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
ZWS Return	22%	-7%	-41%	41%	28%	29%	55%
Peers Return	6%	-1%	-19%	64%	66%	13%	161%
S&P 500 Return	16%	27%	-19%	24%	23%	16%	112%
Monthly Win Rates [3]
ZWS Win Rate	67%	75%	33%	58%	75%	80%
Peers Win Rate	58%	50%	42%	67%	54%	60%
S&P 500 Win Rate	58%	75%	42%	67%	75%	70%
Max Drawdowns [4]
ZWS Max Drawdown	-41%	-16%	-43%	-6%	-5%	-23%
Peers Max Drawdown	-37%	-15%	-38%	-2%	-6%	-26%
S&P 500 Max Drawdown	-31%	-1%	-25%	-1%	-2%	-15%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: GGG, GHM, ADVEN, BENN, HRDG.
[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] 2025 data is for the year up to 12/3/2025 (YTD)

How Low Can It Go

Unique Key	Event	ZWS	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-69.6%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	229.5%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	Not Fully Recovered days	464 days
2020 Covid Pandemic	2020 Covid Pandemic
2020 Covid Pandemic% Loss	% Loss	-45.5%	-33.9%
2020 Covid Pandemic% Gain to Breakeven	% Gain to Breakeven	83.4%	51.3%
2020 Covid PandemicTime to Breakeven	Time to Breakeven	220 days	148 days
2018 Correction	2018 Correction
2018 Correction% Loss	% Loss	-31.9%	-19.8%
2018 Correction% Gain to Breakeven	% Gain to Breakeven	46.8%	24.7%
2018 CorrectionTime to Breakeven	Time to Breakeven	352 days	120 days

Compare to GGG, GHM, ADVEN, BENN, HRDG

In The Past

Zurn Elkay Water Solutions's stock fell -69.6% during the 2022 Inflation Shock from a high on 9/29/2021. A -69.6% loss requires a 229.5% gain to breakeven.

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About Zurn Elkay Water Solutions (ZWS)

Zurn Water Solutions Corporation designs, procures, manufactures, and markets water system solutions that provide and enhance water quality, safety, flow control, and conservation in and around non-residential buildings. It offers finish plumbing, drainage and interceptors, water control and backflow, fire protection, PEX pipe fittings and accessories, and repair parts under the Zurn brand name; and hand and hair dryers, and baby changing stations under the World Dryer brand name. The company also offers stainless steel products under the Just Manufacturing brand name, which include stainless steel sinks for classrooms and academic institutions; ADA commercial stainless-steel sinks and plumbing fixtures for assisted living; faucets, bubblers, drains, and accessories; and stainless steel fixtures and related products for food services, government, healthcare, hospitality, institutional, and residential markets. It serves higher education, healthcare, retail, restaurant, hospitality, education, government, and fire protection markets. The company was formerly known as Rexnord Corporation and changed its name to Zurn Water Solutions Corporation in October 2021. Zurn Water Solutions Corporation was incorporated in 2006 and is headquartered in Milwaukee, Wisconsin.

AI Generated Analysis | Feedback

Here are 1-2 brief analogies for Zurn Elkay Water Solutions (ZWS):

The Legrand or Schneider Electric for commercial water infrastructure.
A commercial-grade Kohler or Moen for plumbing and drinking water systems.

AI Generated Analysis | Feedback

Commercial Plumbing Fixtures & Faucets: Zurn Elkay manufactures a wide array of commercial faucets, flush valves, and fixtures designed for high-traffic environments.
Drinking Water Solutions: The company provides bottle filling stations, drinking fountains, and water coolers, often integrated with advanced filtration systems.
Drainage Systems: Zurn Elkay offers a comprehensive portfolio of floor drains, trench drains, and interceptors for various commercial and industrial applications.
Water Heaters & Flow Control Products: They produce commercial water heaters, backflow preventers, and other essential devices for water temperature control and safety in plumbing systems.

AI Generated Analysis | Feedback

Major Customers of Zurn Elkay Water Solutions (ZWS)

Zurn Elkay Water Solutions (ZWS) primarily sells its products and solutions to other companies (B2B) rather than directly to individuals. According to the company's public filings, no single customer accounted for 10% or more of net sales in 2023, 2022, or 2021. Therefore, specific names of major customer companies are not disclosed.

However, Zurn Elkay Water Solutions serves a diverse range of business customers through various channels. Their major customer categories include:

Wholesalers and Distributors: These companies form the primary channel through which ZWS products reach end-users, including commercial contractors, plumbers, and residential builders.
Original Equipment Manufacturers (OEMs): ZWS supplies components and products that are integrated into other manufacturers' systems or products.
Large Institutional Customers: ZWS also sells directly to significant entities across various sectors, such as:
- Government agencies
- Healthcare systems (e.g., hospitals, clinics)
- Educational institutions (e.g., schools, universities)
- National restaurant chains and other hospitality businesses

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Todd Adams, Chairman and Chief Executive Officer

Todd Adams joined Zurn Elkay Water Solutions (formerly Rexnord) in 2004, becoming Chief Executive Officer in 2009 and Chairman of the Board in 2020. He spearheaded the acquisition of Zurn Industries in 2007, which led to the creation of the company's Water Management Platform. Adams also oversaw the company's transformation into a pure-play water business in 2021 and its combination with Elkay Manufacturing in 2022. Prior to joining Zurn Elkay, he held senior financial positions at The Boeing Company, APW Ltd., Applied Power, and IDEX. Adams serves on the board of directors of Badger Meter, Inc. and previously served on the board of Generac Holdings Inc.

Dave Pauli, Chief Financial Officer

Dave Pauli joined Zurn Elkay Water Solutions in 2012 as assistant corporate controller. He progressed through various financial roles within the company, including divisional vice president of finance and corporate controller, before being named Chief Financial Officer in 2021. Pauli began his career with Deloitte.

Jeffrey Schoon, President

Jeffrey Schoon rejoined Zurn Elkay Water Solutions shortly after the 2022 combination with Elkay Manufacturing. From 2010 to 2021, he held various positions of increasing responsibility, including corporate director of the Rexnord Business System, and vice president and general manager of the Global Couplings and Conveying segments. When the company sold its Process & Motion Control business to Regal Beloit, Schoon transitioned with his role to the new Regal Rexnord Corporation.

Mark Peterson, Chief Administrative Officer

Mark Peterson joined the company in 2006 as Chief Financial Officer of the Flat Top division. He later served as corporate vice president & controller and was promoted to Senior Vice President and Chief Financial Officer in 2011. In his role as CFO, Peterson guided the 2021 sale of the Process & Motion Control business and the 2022 combination with Elkay Manufacturing. Before joining the company, he was the corporate controller of Gehl Company for five years.

Craig Wehr, Senior Vice President, Corporate Development and Integration

Craig Wehr served as president of Zurn Industries and Zurn Water Solutions for approximately ten years. He assumed his current role as Senior Vice President, Corporate Development and Integration, following the 2022 combination with Elkay Manufacturing. Wehr initially joined the company in 1993 as a sales manager and progressed through various leadership positions in sales, marketing, and business development.

AI Generated Analysis | Feedback

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AI Generated Analysis | Feedback

Zurn Elkay Water Solutions (ZWS) operates in several addressable markets related to sustainable water management. The company's main products and services encompass water dispensing and filtration, water safety and control, flow systems, restroom solutions, and sinks and plumbing fixtures, catering to both commercial and residential sectors.

The addressable markets for Zurn Elkay's main products and services in North America are sized as follows:

North America Plumbing Fixtures Market: This market, which includes products like faucets, sinks, bathtubs, showers, and toilets, was valued at approximately USD 29.32 billion in 2024. It is estimated to grow at a Compound Annual Growth Rate (CAGR) of 7.93% from 2025 to 2034, reaching an estimated USD 62.89 billion by 2034. Another estimate places the market size at USD 29.15 billion in 2024, projected to reach USD 45.76 billion by 2030, with a CAGR of 7.7% from 2025 to 2030. The U.S. plumbing fixtures market alone accounted for a dominant 69.8% revenue share within North America in 2024.
North America Plumbing Components Market: This broader market, which includes pipes, fittings, and valves, was valued at USD 38.3 billion in 2025 and is projected to reach USD 56.1 billion by 2032. A sub-segment, the North America plumbing parts market, was valued at USD 11.28 billion in 2023 and is expected to reach USD 15.79 billion by 2029, growing at a CAGR of 5.77%.
North America Water Pipe and Fittings Market: This specific segment was valued at USD 39.11 billion in 2022 and is projected to reach USD 53.97 billion by 2030, with a CAGR of 4.08% from 2024 to 2030.
North America Water Treatment System Market: This market, which encompasses drinking water treatment systems and other applications, was valued at approximately USD 15.74 billion in 2023. It is projected to reach USD 24.24 billion by 2031, with a CAGR of approximately 5.5% from 2023 to 2031.
North America Water Purifier Market: Valued at USD 10.21 billion in 2024, this market is anticipated to reach USD 20.17 billion by 2033, growing at a CAGR of 7.86% from 2025 to 2033. Within this, the U.S. water purifier market alone was valued at USD 6.75 billion in 2024 and is projected to grow to USD 10.35 billion by 2032.
North America Household Water Treatment System Market: This market was valued at USD 4.65 billion in 2022 and is projected to exceed USD 8.76 billion by 2032, with a CAGR of 6.5% from 2022 to 2032.
North America Point of Entry Water Treatment Systems Market: This market was estimated at USD 1.57 billion in 2023 and is anticipated to grow at a CAGR of 4.5% from 2024 to 2030, reaching USD 2.15 billion by 2030.

AI Generated Analysis | Feedback

Here are 3-5 expected drivers of future revenue growth for Zurn Elkay Water Solutions (ZWS) over the next 2-3 years:

Growth in Non-Residential End Markets: Zurn Elkay Water Solutions anticipates continued mid-single-digit core sales growth within its non-residential end markets. This segment consistently contributes to the company's sales performance, with growth initiatives aligning with market expectations.
Strategic Acquisitions and Partnerships: The company plans to pursue strategic acquisitions and partnerships to broaden its product offerings and expand its market reach. Zurn Elkay Water Solutions maintains a strong balance sheet and healthy cash flow, providing the flexibility to cultivate such merger and acquisition opportunities.
New Product Development and Innovation: A focus on new product launches, especially within sustainable water solutions, is expected to drive revenue. An example is the 2025 launch of the Elkay Pro Filtration product line, which aims to address advanced PFAS reduction. Zurn Elkay's commitment to an innovative and sustainable product portfolio is central to its strategy to address water-related challenges.
Leveraging Regulatory Tailwinds for Water Quality: The water solutions sector benefits from regulatory tailwinds and increasing demand for advanced treatment technologies due to global population growth and water scarcity. This provides a stable foundation for long-term growth and positions Zurn Elkay to capitalize on these trends with its diverse product portfolio.
Operational Excellence and Strategic Pricing: Initiatives like the Zurn Elkay Business System (ZEBS) and continuous improvement activities contribute to operational efficiency and enable strategic pricing. These efforts, combined with synergies from the Elkay merger, drive margin expansion and enhance competitiveness, which can support sustainable revenue growth.

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Share Repurchases

In fiscal year 2024, Zurn Elkay Water Solutions completed $150 million in common stock repurchases.
The company repurchased $61 million of shares in the second quarter of 2024.
In the third quarter of 2025, Zurn Elkay Water Solutions repurchased $25 million of stock and increased its share buyback authorization to $500 million.

Share Issuance

In February 2025, a public offering of 7,750,000 shares was launched by Ice Mountain LLC, a former Elkay stockholder, from which Zurn Elkay Water Solutions did not issue new stock or receive proceeds.
Stockholders approved an Employee Stock Purchase Plan (ESPP) in May 2024, allowing for the future issuance of up to 2,000,000 shares to eligible employees.
The number of common shares outstanding decreased from 172,262,163 at December 31, 2023, to 170,308,023 at December 31, 2024.

Outbound Investments

On July 1, 2022, Zurn Water Solutions Corporation completed its combination with Elkay Manufacturing Company, leading to the formation of Zurn Elkay Water Solutions Corporation.
Cash acquisitions amounted to $44.8 million in fiscal year 2022.
In fiscal year 2021, the company's cash acquisitions were $17.1 million.

Capital Expenditures

Capital expenditures were $21.8 million in fiscal year 2024 and $21.3 million in fiscal year 2023.
The company's innovation efforts focus capital expenditures on products that save water, use less energy, provide clean drinking water, reduce installation time, and lower maintenance costs to support sustainability goals.
Expected full-year free cash flow for 2025 is approximately $290 million.

Better Bets than Zurn Elkay Water Solutions (ZWS)

	ZWS	Better Performance than ZWS
Metric	Value	INDUSTRY: Industrial Machinery & Supplies & Components
Rev Chg LTM	6.9%	FTV (27.9%), MLI (15.7%), RBC (8.3%), ITT (8.0%), IEX (7.1%)
Rev Chg 3Y Avg	12.8%	SYM (75.4%), GTLS (43.7%), CR (19.0%), XYL (18.9%), SPXC (16.2%)
Op Mgn LTM	16.7%	ITW (26.2%), PH (20.7%), HUBB (20.5%), IR (19.8%), DOV (16.7%)
CFO/Rev LTM	19.2%	GGG (30.7%), SNA (21.6%), RBC (21.0%), ITW (20.6%), PNR (20.6%)
FCF/Rev LTM	17.4%	GGG (28.5%), SNA (20.1%), PNR (19.0%), ITW (17.9%), RBC (17.7%)
Total Yield	3.2%	ITW (6.3%), OTIS (5.6%), PH (4.7%), GWW (4.3%), XYL (3.7%)
P/S	4.8	OTIS (2.5), GWW (2.6), DOV (2.9), XYL (4.0), IR (4.4)
P/Op Inc	28.5	OTIS (16.9), ITW (18.2), GWW (18.3), IR (22.1), PH (23.2)

	ZWS	Better Performance than ZWS
Metric	Value	SECTOR: Industrials
Rev Chg LTM	6.9%	UBER (18.2%), GE (17.7%), BA (10.2%), GEV (9.4%), RTX (8.8%)
Rev Chg 3Y Avg	12.8%	EMR (24.9%), UBER (19.6%), TDG (18.2%), GE (15.7%), HWM (13.5%)
Op Mgn LTM	16.7%	UNP (40.6%), GE (20.5%), DE (20.0%), ETN (19.0%), CAT (18.2%)
CFO/Rev LTM	19.2%	UNP (39.6%), TDG (24.5%), WM (23.6%), ADP (22.8%), DE (19.7%)
FCF/Rev LTM	17.4%	UNP (24.5%), TDG (22.2%), ADP (20.1%), ITW (17.9%), UBER (17.5%)
Total Yield	3.2%	UBER (8.1%), UNP (7.3%), CAT (6.7%), DE (5.0%), RTX (4.5%)
P/S	4.8	BA (2.0), RTX (2.6), CAT (2.9), UBER (4.1), GEV (4.4)
P/Op Inc	28.5	UNP (14.0), CAT (15.8), DE (15.9), HON (17.4), RTX (25.5)

	ZWS	Better Performance than ZWS
Metric	Value	ALL OTHER SECTORS
Rev Chg LTM	6.9%	NVDA (71.6%), AVGO (28.0%), MSFT (15.6%), GOOGL (13.4%), AMZN (10.9%)
Rev Chg 3Y Avg	12.8%	NVDA (92.0%), AVGO (24.0%), BRK-B (19.8%), META (17.3%), MSFT (13.2%)
Op Mgn LTM	16.7%	NVDA (58.1%), MSFT (46.3%), AVGO (39.0%), GOOGL (32.2%), AAPL (31.9%)
CFO/Rev LTM	19.2%	MSFT (50.0%), NVDA (46.6%), AVGO (42.4%), GOOGL (39.3%), AAPL (26.6%)
FCF/Rev LTM	17.4%	NVDA (43.6%), AVGO (41.6%), MSFT (26.6%), AAPL (23.5%), GOOGL (19.1%)
Total Yield	3.2%	BRK-B (6.2%), GOOGL (4.6%), WMT (3.6%), META (3.5%), MSFT (3.4%)
P/S	4.8	WMT (1.1), XOM (1.4), COST (1.5), BRK-B (2.7), AMZN (3.5)
P/Op Inc	28.5	XOM (12.4), META (22.6), GOOGL (23.7), WMT (26.9), MSFT (28.3)

		Best Bets In Industrials Sector
	ZWS
What You Pay
P/E	41.1
P/EBIT	28.8
What You Get
Rev Chg Q	11.1%
Rev Chg LTM	6.9%
Rev Chg 3Y Avg	12.8%
FCF/Rev 3Y Avg	17.3%

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 16%, alpha of 4.2%, and sharpe of 0.76

Latest Trefis Analyses

	Title	Topic	Date
0	DASHBOARDS
1	Zurn Elkay Water Solutions Earnings Notes
2	Would You Still Hold Zurn Elkay Water Solutions Stock If It Fell 30%?	Return
3	ZWS's 20% One Month Pop Begs The Question: Is GOOGL Better Instead?	Counter-Intuitive Comparisons
4	With ZWS Up 20% in a Month, Is It Time to Compare It Against WM?	Counter-Intuitive Comparisons
5	With ZWS Up 20% in a Month, Is It Time to Compare It Against MLI?	Counter-Intuitive Comparisons
6	How Does Zurn Elkay Water Solutions Stock Stack Up Against Its Peers?	Peer Comparison
7	Better Bet Than ZWS Stock: Pay Less Than Zurn Elkay Water Solutions To Get More From RCL, O
8	Better Bet Than ZWS Stock: Pay Less Than Zurn Elkay Water Solutions To Get More From FIX, GTLS
9	Better Bet Than ZWS Stock: Pay Less Than Zurn Elkay Water Solutions To Get More From GTLS
10	Why Zurn Elkay Water Solutions Stock Moved: ZWS Stock Has Gained 134% Since 2022 Fiscal End, Primarily Due To Favorable Change In Price To Sales Multiple (P/S)
11	ARTICLES
12	Small Cap Stocks Trading At 52-Week High		October 30th, 2025
13	Small Cap Stocks Trading At 52-Week High		September 16th, 2025

	Title
0	DASHBOARDS
1	Zurn Elkay Water Solutions Earnings Notes
2	Would You Still Hold Zurn Elkay Water Solutions Stock If It Fell 30%?
3	ZWS's 20% One Month Pop Begs The Question: Is GOOGL Better Instead?
4	With ZWS Up 20% in a Month, Is It Time to Compare It Against WM?
5	With ZWS Up 20% in a Month, Is It Time to Compare It Against MLI?
6	How Does Zurn Elkay Water Solutions Stock Stack Up Against Its Peers?
7	Better Bet Than ZWS Stock: Pay Less Than Zurn Elkay Water Solutions To Get More From RCL, O
8	Better Bet Than ZWS Stock: Pay Less Than Zurn Elkay Water Solutions To Get More From FIX, GTLS
9	Better Bet Than ZWS Stock: Pay Less Than Zurn Elkay Water Solutions To Get More From GTLS
10	Why Zurn Elkay Water Solutions Stock Moved: ZWS Stock Has Gained 134% Since 2022 Fiscal End, Primarily Due To Favorable Change In Price To Sales Multiple (P/S)
11	ARTICLES
12	Small Cap Stocks Trading At 52-Week High
13	Small Cap Stocks Trading At 52-Week High

Trade Ideas

Select past ideas related to ZWS. For more, see Trefis Trade Ideas.

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
CNM_11212025_Dip_Buyer_FCFYield	11212025	CNM	Core & Main	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	9.5%	9.5%	-1.6%
VRRM_11212025_Dip_Buyer_FCFYield	11212025	VRRM	Verra Mobility	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	3.2%	3.2%	-1.2%
LII_11212025_Dip_Buyer_ValueBuy	11212025	LII	Lennox International	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	7.5%	7.5%	0.0%
ADP_11212025_Monopoly_xInd_xCD_Getting_Cheaper	11212025	ADP	Automatic Data Processing	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	2.8%	2.8%	-1.2%
CW_11212025_Quality_Momentum_RoomToRun_10%	11212025	CW	Curtiss-Wright	Quality	Q \| Momentum \| UpsideQuality Stocks with Momentum and Upside Buying quality stocks with strong momentum but still having room to run	0.0%	0.0%	0.0%
ZWS_3312020_Dip_Buyer_ValueBuy	03312020	ZWS	Zurn Elkay Water Solutions	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	32.0%	109.7%	-14.7%

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
CNM_11212025_Dip_Buyer_FCFYield	11212025	CNM	Core & Main	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	9.5%	9.5%	-1.6%
VRRM_11212025_Dip_Buyer_FCFYield	11212025	VRRM	Verra Mobility	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	3.2%	3.2%	-1.2%
LII_11212025_Dip_Buyer_ValueBuy	11212025	LII	Lennox International	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	7.5%	7.5%	0.0%
ADP_11212025_Monopoly_xInd_xCD_Getting_Cheaper	11212025	ADP	Automatic Data Processing	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	2.8%	2.8%	-1.2%
CW_11212025_Quality_Momentum_RoomToRun_10%	11212025	CW	Curtiss-Wright	Quality	Q \| Momentum \| UpsideQuality Stocks with Momentum and Upside Buying quality stocks with strong momentum but still having room to run	0.0%	0.0%	0.0%
ZWS_3312020_Dip_Buyer_ValueBuy	03312020	ZWS	Zurn Elkay Water Solutions	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	32.0%	109.7%	-14.7%

Recent Active Movers

1 Day Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
MPLT	MapLight Therapeutics	0.7	31.3%
AEVA	Aeva Technologies	0.8	25.7%	188.2%
DC	Dakota Gold	0.6	19.7%	150.9%
SERV	Serve Robotics	0.7	18.2%	-12.6%
ACDC	ProFrac	0.7	17.6%	-45.0%
HY	Hyster Yale	0.6	15.6%	-29.9%
AEO	American Eagle Outfitters	4.1	15.1%	49.7%
BEAM	Beam Therapeutics	2.7	14.4%	7.8%
GOSS	Gossamer Bio	0.8	14.4%	278.1%
FTRE	Fortrea	1.3	14.4%	-21.8%

1 Day Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
PSTG	Pure Storage	22.6	-27.3%	12.1%
GTLB	GitLab	6.3	-12.8%	-32.9%
CTEV	Claritev	0.7	-11.3%
FBYD	Falcons Beyond Global	0.7	-11.2%	131.2%
ACHC	Acadia Healthcare	1.3	-10.9%	-63.0%
ULS	UL Solutions	16.0	-10.7%	60.4%
HPK	HighPeak Energy	0.7	-10.6%	-59.8%
OS	OneStream	3.5	-10.4%	-35.0%
ARE	Alexandria Real Estate Equities	8.2	-10.1%	-47.9%
THO	Thor Industries	5.3	-9.5%	6.6%

1 Week Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
HPP	Hudson Pacific Properties	6.3	641.5%	-34.3%
TLRY	Tilray Brands	7.5	618.1%	-46.9%
TMC	TMC The Metals	2.8	42.2%	589.3%
VERA	Vera Therapeutics	2.6	40.2%	-2.4%
ARWR	Arrowhead Pharmaceuticals	9.0	39.1%	246.1%
TE	T1 Energy	0.7	37.4%
MPLT	MapLight Therapeutics	0.7	32.1%
AEVA	Aeva Technologies	0.8	31.1%	188.2%
AMKR	Amkor Technology	10.9	30.2%	73.4%
DC	Dakota Gold	0.6	30.2%	150.9%

1 Week Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
JANX	Janux Therapeutics	1.1	-50.7%	-68.0%
VTYX	Ventyx Biosciences	0.6	-25.0%	258.0%
CTEV	Claritev	0.7	-23.5%
AMBA	Ambarella	3.0	-22.9%	-3.6%
FULC	Fulcrum Therapeutics	0.6	-21.5%	92.8%
PD	PagerDuty	1.1	-20.5%	-33.9%
NTNX	Nutanix	12.7	-19.3%	-22.4%
CNK	Cinemark	2.6	-18.0%	-25.2%
PSTG	Pure Storage	22.6	-17.2%	12.1%
ZS	Zscaler	38.1	-15.9%	35.1%

1 Month Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
OLMA	Olema Pharmaceuticals	2.3	223.6%	367.4%
COGT	Cogent Biosciences	5.4	152.6%	402.1%
CDTX	Cidara Therapeutics	5.9	115.1%	722.1%
IRWD	Ironwood Pharmaceuticals	0.6	100.5%	-15.8%
TERN	Terns Pharmaceuticals	2.5	95.9%	396.2%
FRGE	Forge Global	0.6	90.3%	217.8%
SGML	Sigma Lithium	1.1	87.3%	-10.6%
INSP	Inspire Medical Systems	4.0	82.8%	-27.3%
NPCE	NeuroPace	0.6	77.2%	48.9%
ALMS	Alumis	0.6	71.9%	-0.3%

1 Month Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
UP	Wheels Up Experience	0.4	-52.7%	-62.4%
CCOI	Cogent Communications	0.9	-51.9%	-72.9%
SMR	NuScale Power	3.0	-50.7%	12.3%
FRMI	Fermi	10.3	-47.5%
AMSC	American Superconductor	1.4	-47.2%	30.1%
TLRY	Tilray Brands	7.5	-46.1%	-46.9%
BTDR	Bitdeer Technologies	2.4	-44.8%	-41.8%
EXOD	Exodus Movement	0.4	-43.1%	-53.3%
STUB	Stubhub	3.5	-39.8%
METC	Ramaco Resources	1.0	-39.4%	66.9%

Recent Active Movers

1 Day Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
MPLT	MapLight Therapeutics	0.7	31.3%
AEVA	Aeva Technologies	0.8	25.7%	188.2%
DC	Dakota Gold	0.6	19.7%	150.9%
SERV	Serve Robotics	0.7	18.2%	-12.6%
ACDC	ProFrac	0.7	17.6%	-45.0%
HY	Hyster Yale	0.6	15.6%	-29.9%
AEO	American Eagle Outfitters	4.1	15.1%	49.7%
BEAM	Beam Therapeutics	2.7	14.4%	7.8%
GOSS	Gossamer Bio	0.8	14.4%	278.1%
FTRE	Fortrea	1.3	14.4%	-21.8%

1 Day Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
PSTG	Pure Storage	22.6	-27.3%	12.1%
GTLB	GitLab	6.3	-12.8%	-32.9%
CTEV	Claritev	0.7	-11.3%
FBYD	Falcons Beyond Global	0.7	-11.2%	131.2%
ACHC	Acadia Healthcare	1.3	-10.9%	-63.0%
ULS	UL Solutions	16.0	-10.7%	60.4%
HPK	HighPeak Energy	0.7	-10.6%	-59.8%
OS	OneStream	3.5	-10.4%	-35.0%
ARE	Alexandria Real Estate Equities	8.2	-10.1%	-47.9%
THO	Thor Industries	5.3	-9.5%	6.6%

1 Week Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
HPP	Hudson Pacific Properties	6.3	641.5%	-34.3%
TLRY	Tilray Brands	7.5	618.1%	-46.9%
TMC	TMC The Metals	2.8	42.2%	589.3%
VERA	Vera Therapeutics	2.6	40.2%	-2.4%
ARWR	Arrowhead Pharmaceuticals	9.0	39.1%	246.1%
TE	T1 Energy	0.7	37.4%
MPLT	MapLight Therapeutics	0.7	32.1%
AEVA	Aeva Technologies	0.8	31.1%	188.2%
AMKR	Amkor Technology	10.9	30.2%	73.4%
DC	Dakota Gold	0.6	30.2%	150.9%

1 Week Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
JANX	Janux Therapeutics	1.1	-50.7%	-68.0%
VTYX	Ventyx Biosciences	0.6	-25.0%	258.0%
CTEV	Claritev	0.7	-23.5%
AMBA	Ambarella	3.0	-22.9%	-3.6%
FULC	Fulcrum Therapeutics	0.6	-21.5%	92.8%
PD	PagerDuty	1.1	-20.5%	-33.9%
NTNX	Nutanix	12.7	-19.3%	-22.4%
CNK	Cinemark	2.6	-18.0%	-25.2%
PSTG	Pure Storage	22.6	-17.2%	12.1%
ZS	Zscaler	38.1	-15.9%	35.1%

Peer Comparisons for Zurn Elkay Water Solutions

Peers to compare with:

Financials

	ZWS	GGG	GHM	ADVEN	BENN	HRDG	Median
Name	Zurn Elk.	Graco	Graham	AdvEn	Bend Nov.	Huarui I.
Mkt Price	47.45	82.99	57.30	-	-	-	57.30
Mkt Cap	8.0	13.8	0.6	-	-	-	8.0
Rev LTM	1,659	2,192	228	-	-	-	1,659
Op Inc LTM	277	582	17	-	-	-	277
FCF LTM	289	625	-11	-	-	-	289
FCF 3Y Avg	273	496	12	-	-	-	273
CFO LTM	318	672	13	-	-	-	318
CFO 3Y Avg	296	622	26	-	-	-	296

Growth & Margins

	ZWS	GGG	GHM	ADVEN	BENN	HRDG	Median
Name	Zurn Elk.	Graco	Graham	AdvEn	Bend Nov.	Huarui I.
Rev Chg LTM	6.9%	2.9%	16.0%	-	-	-	6.9%
Rev Chg 3Y Avg	12.8%	1.0%	17.0%	-	-	-	12.8%
Rev Chg Q	11.1%	4.7%	23.3%	-	-	-	11.1%
QoQ Delta Rev Chg LTM	2.8%	1.1%	5.8%	-	-	-	2.8%
Op Mgn LTM	16.7%	26.6%	7.4%	-	-	-	16.7%
Op Mgn 3Y Avg	15.2%	28.0%	5.1%	-	-	-	15.2%
QoQ Delta Op Mgn LTM	-0.1%	-0.1%	-0.4%	-	-	-	-0.1%
CFO/Rev LTM	19.2%	30.7%	5.7%	-	-	-	19.2%
CFO/Rev 3Y Avg	18.7%	28.7%	13.5%	-	-	-	18.7%
FCF/Rev LTM	17.4%	28.5%	-4.7%	-	-	-	17.4%
FCF/Rev 3Y Avg	17.3%	22.8%	6.8%	-	-	-	17.3%

Valuation

	ZWS	GGG	GHM	ADVEN	BENN	HRDG	Median
Name	Zurn Elk.	Graco	Graham	AdvEn	Bend Nov.	Huarui I.
Mkt Cap	8.0	13.8	0.6	-	-	-	8.0
P/S	4.8	6.4	2.6	-	-	-	4.8
P/EBIT	28.8	23.0	35.6	-	-	-	28.8
P/E	41.1	28.3	44.1	-	-	-	41.1
P/CFO	24.8	20.9	46.4	-	-	-	24.8
Total Yield	3.2%	4.8%	2.3%	-	-	-	3.2%
Dividend Yield	0.8%	1.3%	0.0%	-	-	-	0.8%
FCF Yield 3Y Avg	4.5%	3.6%	6.0%	-	-	-	4.5%
D/E	0.1	0.0	0.0	-	-	-	0.0
Net D/E	0.0	-0.0	-0.0	-	-	-	-0.0

Returns

	ZWS	GGG	GHM	ADVEN	BENN	HRDG	Median
Name	Zurn Elk.	Graco	Graham	AdvEn	Bend Nov.	Huarui I.
1M Rtn	1.1%	1.9%	-8.0%	-	-	-	1.1%
3M Rtn	6.5%	-1.5%	20.9%	-	-	-	6.5%
6M Rtn	31.8%	-0.9%	40.1%	-	-	-	31.8%
12M Rtn	18.8%	-7.6%	27.6%	-	-	-	18.8%
3Y Rtn	97.6%	22.7%	487.7%	-	-	-	97.6%
1M Excs Rtn	1.1%	1.9%	-8.0%	-	-	-	1.1%
3M Excs Rtn	-1.8%	-8.7%	11.2%	-	-	-	-1.8%
6M Excs Rtn	17.1%	-15.6%	25.4%	-	-	-	17.1%
12M Excs Rtn	6.7%	-21.2%	14.3%	-	-	-	6.7%
3Y Excs Rtn	33.7%	-47.2%	414.9%	-	-	-	33.7%

Comparison Analyses

	Title
0	How Does Zurn Elkay Water Solutions Stock Stack Up Against Its Peers?

Financials

Annual
Quarterly

$ Mil \| FY: 12/31	LTM	2024	2023	2022	2021	2020
Period End	9/30/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	3/31/2020
Filing Date	10/28/2025	2/10/2025	2/6/2024	2/14/2023	2/9/2022	5/12/2020
Key Financials
Total Revenue	1,659	1,566	1,530	1,282	911	563
EBITDA	364	328	273	165	165	146
Operating Income	277	258	218	122	111	83
Net Income	192	160	113	62	121	118
EPS	1.13	0.93	0.65	0.41	1.00	0.98
Growth Rates
Total Revenue Growth	6.9%	2.4%	19.4%	40.7%	61.9%	-20.8%
EBITDA Growth	18.4%	20.2%	65.4%	0.4%	12.9%	-12.5%
Operating Income Growth	9.7%	18.3%	78.0%	10.7%	33.9%	-21.5%
Net Income Growth	39.7%	42.1%	82.7%	-49.0%	2.3%	-34.4%
Margins
EBITDA Margin	21.9%	21.0%	17.9%	12.9%	18.1%	25.9%
Operating Income Margin	16.7%	16.5%	14.3%	9.6%	12.2%	14.7%
Net Income Margin	11.6%	10.2%	7.4%	4.8%	13.3%	21.0%
Cash & Debt
Total Cash	260	198	137	125	97	62
Total Debt	555	552	543	580	554	1,137
Net Debt / (Cash)	294	354	407	455	458	1,075
Cash Flows
Net Cash from Operations	318	294	254	97	224	196
Free Cash from Operations	289	272	233	89	200	168
Returns to Shareholders
Dividends	61	57	50	32	36	29
Share Repurchases	155	150	125	25	1	59

$ Mil \| FY: 12/31	2025Q3	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4
Period End	9/30/2025	6/30/2025	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022
Filing Date	10/28/2025	7/29/2025	4/22/2025	2/10/2025	10/29/2024	7/30/2024	4/23/2024	2/6/2024	10/31/2023	7/24/2023	4/25/2023	2/14/2023
Key Financials Quarterly
Total Revenue	455	444	389	371	410	412	374	357	398	403	372	340
Ebitda	108	98	86	72	91	92	73	52	79	78	64	47
Operating Income	79	80	65	53	73	73	60	48	62	63	46	22
Net Income	62	50	44	36	44	46	34	14	41	35	23	14
EPS	0.36	0.30	0.26	0.21	0.25	0.27	0.20	0.08	0.24	0.20	0.13	0.08
Key Financials TTM
Total Revenue TTM	1,659	1,614	1,582	1,566	1,553	1,541	1,532	1,530	1,514	1,533	1,414	1,282
Ebitda TTM	364	347	341	328	308	296	282	273	268	201	180	165
Operating Income TTM	277	271	264	258	253	242	232	218	193	132	123	122
Net Income TTM	192	174	170	160	138	136	124	113	113	52	54	62
Growth Rates Quarterly
Total Revenue Growth	11.1%	7.9%	4.0%	3.9%	2.9%	2.2%	0.5%	4.8%	-4.6%	41.9%	55.3%	46.5%
EBITDA Growth	19.2%	6.2%	17.3%	40.3%	14.2%	17.6%	14.5%	10.5%	555.4%	37.4%	29.5%	1930.4%
Operating Income Growth	8.8%	9.5%	9.4%	11.6%	17.0%	16.0%	30.5%	115.4%	3793.8%	16.4%	1.3%	44.4%
Net Income Growth	42.1%	9.8%	27.1%	161.9%	5.1%	32.9%	50.4%	-2.1%	316.8%	-4.9%	-24.5%	121.4%
Margins Quarterly
EBITDA Margin	23.7%	22.0%	22.1%	19.5%	22.1%	22.3%	19.6%	14.5%	19.9%	19.4%	17.2%	13.7%
Operating Income Margin	17.4%	17.9%	16.7%	14.3%	17.8%	17.6%	15.9%	13.3%	15.6%	15.5%	12.3%	6.5%
Net Income Margin	13.6%	11.4%	11.2%	9.8%	10.6%	11.2%	9.2%	3.9%	10.4%	8.6%	6.1%	4.2%
Cash & Debt
Total Cash	260	202	145	198	188	163	157	137	173	103	75	125
Total Debt	555	556	557	552	554	545	540	543	604	606	605	580
Net Debt / (Cash)	294	354	412	354	366	383	383	407	431	503	530	455
Cash Flows Quarterly
FCF from Operations	101	111	43	64	91	85	54	58	104	87	5	84
Cash Flows TTM
FCF from Operations TTM	318	308	282	294	288	301	303	254	280	201	156	97
Returns to Shareholders Quarterly
Dividends	15	15	15	15	14	14	14	14	12	12	12	12
Share Repurchases	25	32	77	20	50	61	19	25	13	50	37	25
Return on Invested Capital (ROIC) Quarterly
ROIC	7.9%	7.6%	6.0%	5.9%	6.7%	6.7%	6.0%	3.8%	5.7%	5.4%	3.9%	2.0%
Return on Invested Capital (ROIC) TTM
ROIC TTM	7.0%	6.6%	6.3%	6.4%	5.9%	5.6%	5.4%	4.9%	4.3%	2.5%	2.5%	2.6%

Segment Financials

Revenue by Segment

$ Mil	2024	2023	2022	2021	2020
Single Segment	1,530	1,282	911	563
Process & Motion Control					1,358
Water Management					710
Total	1,530	1,282	911	563	2,068

Price Behavior

Price Behavior

Market Price	$47.45
Market Cap ($ Bil)	8.0
First Trading Date	03/29/2012
Distance from 52W High	-1.4%
	50 Days	200 Days
DMA Price	$46.71	$39.81
DMA Trend	up	up
Distance from DMA	1.6%	19.2%
	3M	1YR
Volatility	22.4%	29.2%
Downside Capture	111.37	87.80
Upside Capture	109.29	93.13
Correlation (SPY)	54.8%	60.2%

ZWS Betas & Captures as of 11/30/2025

	1M	2M	3M	6M	1Y	3Y
Beta	0.89	0.93	1.01	0.83	0.89	1.06
Up Beta	0.87	0.47	0.92	1.00	0.80	0.95
Down Beta	0.36	0.93	0.86	1.18	0.98	1.01
Up Capture	113%	101%	108%	88%	93%	169%
Bmk +ve Days	13	26	39	74	142	427
Stock +ve Days	10	21	32	69	128	384
Down Capture	89%	108%	112%	38%	92%	103%
Bmk -ve Days	7	16	24	52	107	323
Stock -ve Days	10	21	30	56	119	358

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

1Y 5Y 10Y

Based On 1-Year Data

		Comparison of ZWS With Other Asset Classes (Last 1Y)
	ZWS	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	20.7%	8.9%	15.3%	58.9%	4.6%	-5.8%	-3.1%
Annualized Volatility	29.0%	18.9%	19.7%	19.4%	15.9%	17.8%	35.7%
Sharpe Ratio	0.64	0.32	0.60	2.26	0.09	-0.48	0.04
Correlation With Other Assets		64.2%	60.0%	-10.1%	15.2%	45.2%	22.2%

ETFs used for asset classes: Sector ETF = XLI, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
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Based On 5-Year Data

		Comparison of ZWS With Other Asset Classes (Last 5Y)
	ZWS	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	4.9%	13.1%	15.0%	17.9%	11.9%	4.9%	37.1%
Annualized Volatility	39.4%	17.2%	17.1%	15.5%	18.9%	19.0%	49.1%
Sharpe Ratio	0.27	0.61	0.71	0.93	0.52	0.17	0.64
Correlation With Other Assets		52.7%	47.1%	3.3%	10.6%	42.1%	14.8%

Based On 10-Year Data

		Comparison of ZWS With Other Asset Classes (Last 10Y)
	ZWS	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	9.5%	12.8%	14.5%	14.2%	5.6%	5.4%	76.3%
Annualized Volatility	38.7%	19.9%	18.0%	14.8%	17.7%	20.9%	55.9%
Sharpe Ratio	0.38	0.57	0.69	0.79	0.25	0.23	0.95
Correlation With Other Assets		64.5%	59.4%	-0.5%	21.8%	47.5%	12.1%

Short Interest

Short Interest: As Of Date	11142025
Short Interest: Shares Quantity	5,526,099
Short Interest: % Change Since 10312025	-3.3%
Average Daily Volume	714,162
Days-to-Cover Short Interest	7.74
Basic Shares Quantity	168,125,000
Short % of Basic Shares	3.3%

Returns Analyses

	Title
0	Would You Still Hold Zurn Elkay Water Solutions Stock If It Fell 30%?

SEC Filings

Expand for More

Report Date	Filing Date	Filing
9302025	10282025	10-Q 9/30/2025
6302025	7292025	10-Q 6/30/2025
3312025	4222025	10-Q 3/31/2025
12312024	2102025	10-K 12/31/2024
9302024	10292024	10-Q 9/30/2024
6302024	7302024	10-Q 6/30/2024
3312024	4232024	10-Q 3/31/2024
12312023	2062024	10-K 12/31/2023
9302023	10312023	10-Q 9/30/2023
6302023	7242023	10-Q 6/30/2023
3312023	4252023	10-Q 3/31/2023
12312022	2142023	10-K 12/31/2022
9302022	10252022	10-Q 9/30/2022
6302022	7262022	10-Q 6/30/2022
3312022	4272022	10-Q 3/31/2022
12312021	2092022	10-K 12/31/2021

Insider Activity

Expand for More

	Owner	Title	Filing Date	Action	Price	Shares	Transacted Value	Value of Held Shares	Form
0	PETERSON MARK W	Chief Administrative Officer	11142025	Sell	48.48	21,570	1,045,714	15,443,837	Form
1	JAHNKE TIMOTHY J		11102025	Sell	47.51	10,539	500,708	8,051,092	Form

External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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Zurn Elkay Water Solutions (ZWS)

Market Price (12/4/2025): $47.01 | Market Cap: $7.9 BilSector: Industrials | Industry: Industrial Machinery & Supplies & Components

Zurn Elkay Water Solutions (ZWS)

Market Price (12/4/2025): $47.01Market Cap: $7.9 BilSector: IndustrialsIndustry: Industrial Machinery & Supplies & Components

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Market Price (12/4/2025): $47.01 | Market Cap: $7.9 Bil
Sector: Industrials | Industry: Industrial Machinery & Supplies & Components

Market Price (12/4/2025): $47.01
Market Cap: $7.9 Bil
Sector: Industrials
Industry: Industrial Machinery & Supplies & Components