MUELLER WATER PRODUCTS Common Stock (MWA)

FairStock Score: 60/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

Mueller Water Products is the kind of unglamorous industrial business I can understand: it sells valves and water-management products to municipalities and builders. The numbers show a steady stalwart, not a fly-by-night. In fiscal Q3 2026, the quarter ended 2026-06-30, revenue was $395.9M and net income $67.3M, or $0.43 per diluted share. A year earlier, fiscal Q3 2025, revenue was $380.3M, net income $52.5M, and EPS $0.33. So sales grew about 4% while profit and per-share earnings grew roughly 28% and 30%. That is operating leverage. For FY2025, revenue was $1.4B and net income $191.7M, or $1.22 per diluted share, up from FY2024 net income $115.9M and EPS $0.74. FairStock calculates a 21.68% ROE, 10.62% ROCE, D/E 0.40, Piotroski 8/9, Altman 3.34, and TTM FCF $179.6M, a 5.3% FCF yield. Those are respectable. The Lynch category is STALWART: 21.6% profit growth and 8.2% revenue growth over five years. The competitive position is not obvious from the figures alone; this is a steady supplier, not a wide-moat franchise. At the 2026-10-13 close of $21.73, the stock trades at 15.3x earnings and 3.03x book, with a PEG of 0.68 and EV/EBITDA 9.53. That is not demanding if growth continues, but FairStock's Graham Number is $15.15, so the price carries a negative 43.43% margin of safety. I see a decent industrial near the low end of its 52-week range, but not a Graham bargain.

In plain English: Mueller Water Products makes valves and other equipment used to move and measure water for cities and builders. The business looks reasonably strong: sales and profits rose in the quarter ended June 30, 2026, and the company earns a good return on shareholders' money. At $21.73, the price looks fair rather than a bargain—not wildly expensive, but also not cheap by conservative asset-based standards.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q3 2026 10-Q (period ended 2026-06-30) · fiscal Q2 2026 10-Q (period ended 2026-03-31) · fiscal Q1 2026 10-Q (period ended 2025-12-31) · fiscal Q3 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-09-30) · FY2024 10-K (period ended 2024-09-30) · FY2023 10-K (period ended 2023-09-30)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer