Is Zurn Elkay Water Solutions (ZWS) overvalued or fairly valued?

MarketChacha shows Zurn Elkay Water Solutions's valuation in context — a trailing P/E of about 37.9, a forward P/E of about 23.3, a price-to-book of about 4.7 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

Does Zurn Elkay Water Solutions's reported profit turn into cash?

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash. MarketChacha computes this cash-conversion check (1.90×) from reported figures — education, not a rating.

What is Zurn Elkay Water Solutions's revenue?

Zurn Elkay Water Solutions reported revenue of $1.7B for FY2025, with net profit of $198.0M, per official filings.

What is the share price of Zurn Elkay Water Solutions (ZWS)?

Zurn Elkay Water Solutions last traded at $47.71 (+1.3% on the day), as of 10/20/2026 — a delayed quote shown for education, not investment advice.

Zurn Elkay Water Solutions

ZWS · NYSE · Industrials · United States

Snapshot

TickerZWS

ExchangeNYSE

SectorIndustrials

IndustryPollution & Treatment Controls

CountryUnited States

Employees2,600

HeadquartersMilwaukee, United States

Websitewww.zurnelkay.com

Filings tracked14

About Zurn Elkay Water Solutions

Zurn Elkay Water Solutions Corporation engages in design, procurement, manufacture, and marketing of water management solutions in the United States, Canada, and internationally. It offers water dispensing and filtration products, such as filtered bottle filling stations, water fountains and water dispensers, and filtered faucets under the Elkay and Halsey Taylor brand names; filtered units including water filters; and water safety and control products, such as backflow preventers, fire system valves, pressure reducing valves, and thermostatic mixing valves under the Zurn and Wilkins brand names. The company also provides flow systems products comprising point drains, hydrants, fixture carrier systems, and chemical drainage systems; and oil and grease interceptors and separators, acid neutralization systems, and remote monitoring systems under the Zurn, Green Turtle, and Wade brands. In addition, it offers sensor operated flush valves under the Aquaflush, AquaSense, and AquaVantage brands; heavy-duty commercial faucets under the AquaSpec brand; flush valves and faucets under the Hydro X Power brands; water conserving fixtures under the EcoVantage and Zurn One brands; stainless steel, quartz, fireclay-ceramic, and cast iron sinks under the Elkay brand name; stainless steel sinks and plumbing fixtures under the Just brand; restroom partition systems and lockers under the Hadrian brand name; and hand dryers. Further, the company offers its products to institutional, commercial, waterworks, and residential end markets through independent sales representatives, plumbing wholesalers, and industry-specific distributors in the waterworks, foodservice, industrial, janitorial, sanitation, and sitework industries. The company was formerly known as Zurn Water Solutions Corporation and changed its name to Zurn Elkay Water Solutions Corporation in July 2022. Zurn Elkay Water Solutions Corporation was founded in 1900 and is headquartered in Milwaukee, Wisconsin.

Who owns it

Insiders11.6%
Institutions88.4%
Public & other0.0%

595 institutional holders

Ownership breakdown from public market data.

Top holders

Blackrock Inc.14.81%
Vanguard Portfolio Management LLC5.42%
Kayne Anderson Rudnick Investment Management LLC5.36%
Vanguard Capital Management LLC4.23%
State Street Corporation3.61%
Bank of America Corporation3.32%
Invesco Ltd.2.80%
Geode Capital Management, LLC2.32%

Largest institutional holders — last updated 6/30/2026.

Forensic scorecard

No major accounting red flags in the fundamentals we have — profit is backed by cash and returns look healthy.

Cash conversion1.90×

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash.

Net margin trend7.4% → 11.7%

Margin has expanded by about 4.3 points — the business is getting more profitable.

Growth qualityrev 5% · PAT 33%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $438.0M · EPS 0.42

Est. earnings growth +17.5%

Next fiscal year

Rev $2.0B · EPS 2.03

Est. earnings growth +10.8%

Analyst consensus estimates — not the company's own guidance.

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Revenue (FY2025)

$1.7B

Net margin

11.7%

ROE

12.3%

Revenue CAGR (2y)

+5.3%

Profit CAGR (2y)

+32.5%

EPS (FY2025)

1.15

Net profit (FY2025)

$198.0M

Ask MarketChacha about ZWS

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Financials

Yearly

Period	Revenue	Net profit	EPS	Net margin	ROE
FY2025	$1.7B	$198.0M	1.15	11.7%	12.3%
FY2024	$1.6B	$160.2M	0.92	10.2%	10.1%
FY2023	$1.5B	$112.7M	0.64	7.4%	7.0%

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q1	$433.0M	$58.9M	0.35	13.6%
2025Q3	$455.4M	$61.8M	0.36	13.6%
2025Q2	$444.5M	$50.5M	0.29	11.4%
2025Q1	$388.8M	$43.6M	0.26	11.2%
2024Q3	$410.0M	$43.5M	0.25	10.6%
2024Q2	$412.0M	$46.0M	0.27	11.2%
2024Q1	$373.8M	$34.3M	0.19	9.2%
2023Q3	$398.4M	$41.4M	0.24	10.4%
2023Q2	$403.2M	$34.6M	0.20	8.6%
2023Q1	$372.1M	$22.8M	0.13	6.1%

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

8-K — Results of operations, Exhibits
SEC7/28/2026material
10-Q filing
SEC7/28/2026
8-K — Results of operations, Other events, Exhibits
SEC7/20/2026material
8-K — Results of operations, Executive/director change, Exhibits
SEC5/27/2026material
8-K — Executive/director change, Shareholder vote results
SEC5/1/2026material
8-K — Results of operations, Exhibits
SEC4/21/2026material
10-Q filing
SEC4/21/2026
8-K — Material agreement, Material financial obligation, Exhibits
SEC2/20/2026material
10-K filing
SEC2/9/2026
8-K — Results of operations, Exhibits
SEC2/3/2026material

2025

8-K — Results of operations, Exhibits
SEC10/28/2025material
10-Q filing
SEC10/28/2025
8-K — Results of operations, Exhibits
SEC7/29/2025material
10-Q filing
SEC7/29/2025

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.