MWA
IndustrialsMueller Water Products, Inc. · Industrial - Machinery · $4B
What is Mueller Water Products, Inc.?
Mueller Water Products is a North American leader in water infrastructure, manufacturing products that keep municipal water systems flowing safely. The company serves utilities, contractors, and construction markets across the continent.
The company operates through two segments. Its Infrastructure segment produces valves, fire hydrants, pipe repair clamps, and related fittings used in water and gas distribution networks. Its Technologies segment delivers water metering systems, leak detection tools, and pipe condition assessment services. Revenue comes primarily from municipal water utilities that need to maintain, upgrade, and monitor aging distribution infrastructure across North America.
Mueller Water Products was incorporated in 2006 and is headquartered in Atlanta, Georgia, though its manufacturing heritage traces back to 1857.
- Water and gas distribution valves under multiple brand names
- Dry- and wet-barrel fire hydrants for municipal systems
- Pipe repair clamps and couplings for leak remediation
- Residential and commercial water metering systems
- Acoustic leak detection and pipe condition assessment services
Is MWA a Good Stock to Buy?
UQS Score rates MWA as Good overall, reflecting a balanced profile across the five quality pillars.
The Risk pillar stands out as the strongest element of MWA's profile, suggesting the company carries a relatively conservative financial structure compared to sector peers. Valuation also scores Good, meaning the stock does not appear significantly stretched relative to its fundamentals. Quality rounds out the picture at a Good level, indicating consistent operational execution.
The Moat pillar registers as Weak, pointing to limited pricing power or competitive differentiation relative to peers. Growth is rated Neutral, reflecting a steady but not accelerating revenue trajectory.
See the exact pillar breakdown and full financial metrics by signing up for a UQS Pro account. Sign up free →
Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does MWA pay dividends?
Yes — Mueller Water Products, Inc. pays a dividend.
Mueller Water Products pays a regular dividend, which is relatively uncommon among mid-cap industrials focused on infrastructure reinvestment. The dividend reflects the company's stable cash generation from long-cycle municipal contracts. Income-oriented investors may find the payout meaningful, though the primary return driver remains the company's infrastructure spending exposure rather than yield alone.
When does MWA report earnings?
Mueller Water Products reports earnings on a quarterly cadence, consistent with standard practice for US-listed equities.
Results have generally tracked the pace of municipal infrastructure spending, with the Technologies segment adding incremental contribution as utilities modernize metering and leak detection capabilities. Revenue visibility tends to be supported by long-term utility contracts and government-funded water programs.
For the most recent quarter's results and guidance, visit Mueller Water Products' investor relations page directly.
MWA Price History
+105.8% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in Mueller Water Products, Inc.?
Based on Mueller Water Products, Inc.'s historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
MWA Long-term Outlook
MWA's Growth pillar is rated Neutral, suggesting the company is expanding at a measured pace rather than posting outsized gains. The strong Risk profile indicates the balance sheet is positioned to weather demand softness without acute financial stress. Federal and state infrastructure funding programs represent a meaningful tailwind for municipal water spending, which could gradually lift the Growth profile over time. The Good Valuation rating suggests the market has not priced in an aggressive growth scenario, leaving room if execution improves.
Growth drivers
- Sustained municipal infrastructure replacement and upgrade cycles
- Adoption of smart metering and leak detection technology by utilities
- Government water infrastructure funding programs in North America
Key risks
- Limited competitive moat may compress margins if rivals gain share
- Municipal budget cycles can delay or defer capital spending
- Neutral growth trajectory leaves little buffer if macro conditions weaken
MWA vs Peers
Mueller Water Products competes in the broader water and industrial infrastructure space alongside several specialized peers.
Franklin Electric focuses on water and fuel pumping systems, giving it a different product mix that emphasizes pump technology over valve and hydrant infrastructure.
ATS Corporation is a Canadian automation solutions provider serving multiple end markets, making it a broader industrial automation play rather than a pure water infrastructure specialist.
Mirion Technologies specializes in radiation detection and measurement, serving nuclear and medical markets rather than municipal water distribution.
Frequently Asked Questions
What does Mueller Water Products do?
Mueller Water Products manufactures valves, fire hydrants, pipe repair products, and water metering and leak detection systems. Its customers are primarily municipal water utilities and construction contractors across North America. The company operates through an Infrastructure segment and a Technologies segment, each serving different parts of the water distribution lifecycle.
Does MWA pay dividends?
Yes, Mueller Water Products pays a regular dividend. This is notable for a mid-cap industrial company that also invests in product development and infrastructure capacity. Investors seeking income alongside infrastructure exposure may find the dividend relevant, though payout details should be confirmed on the company's investor relations page.
When does MWA report earnings?
Mueller Water Products follows a standard quarterly earnings cadence for US-listed companies. The company does not pre-announce specific dates far in advance, so investors should check the investor relations section of the Mueller Water Products website for the current reporting schedule.
Is MWA a good stock to buy?
UQS Score rates MWA as Good overall. The Risk pillar is the standout strength, and Valuation also scores Good. The Moat pillar is rated Weak, and Growth is Neutral, which tempers the overall picture. Whether MWA fits a portfolio depends on individual goals — the full pillar breakdown is available to UQS Pro members.
Is MWA overvalued?
The UQS Valuation pillar for MWA is rated Good, suggesting the stock is not trading at a significant premium relative to its fundamentals. This does not mean it is cheap in absolute terms, but the valuation appears reasonable within the context of its quality and growth profile. Pro members can view the detailed valuation metrics.
How does MWA compare to its competitors?
Mueller Water Products is more narrowly focused on water infrastructure than peers like ATS Corporation or Mirion Technologies, which serve broader industrial and specialized markets. Franklin Electric overlaps more directly in water systems but emphasizes pumping rather than valves and hydrants. MWA's concentrated municipal water focus is both its differentiator and a source of revenue concentration risk.
What is MWA's market cap bracket?
Mueller Water Products is classified as a mid-cap company. This places it in a segment of the market that often balances growth potential with more established operations, though mid-caps can carry higher volatility than large-cap peers during market downturns.
Who founded Mueller Water Products?
Mueller Water Products was incorporated as a standalone public company in 2006, though its manufacturing roots date to 1857. Founding context for the modern corporate entity is publicly available through the company's official history and SEC filings.
Is MWA a long-term quality investment?
As a long-term quality indicator, MWA's UQS profile shows strengths in Risk and Valuation, with a Good overall score. The Weak Moat rating is a consideration for long-term holders, as durable competitive advantages tend to support sustained returns over time. The full analysis, including trend data, is available to Pro members.
What is the main competitive advantage of Mueller Water Products?
Mueller Water Products benefits from deep relationships with municipal water utilities, a broad portfolio of established brands, and the essential nature of water infrastructure. However, the UQS Moat pillar rates these advantages as Weak relative to sector peers, suggesting the company faces meaningful competition and limited pricing power in key product categories.
What sector does MWA belong to?
Mueller Water Products is classified in the Industrials sector, specifically within water infrastructure and related technologies. Its revenue is closely tied to municipal capital spending cycles and government infrastructure programs, which distinguishes it from more cyclical industrial peers.
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Pro Analysis
MWA — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 22, 2026 | 65.7 | 79.1 | 36.0 | 59.7 | 90.8 | 76.1 | 0.0 |
| May 16, 2026 | 65.7 | 79.0 | 36.0 | 59.7 | 90.8 | 75.9 | -0.1 |
| May 13, 2026 | 65.8 | 79.1 | 36.0 | 59.7 | 90.8 | 76.7 | -0.2 |
| May 7, 2026 | 66.0 | 79.0 | 36.0 | 59.4 | 98.1 | 71.2 | 0.0 |
| May 3, 2026 | 66.0 | 79.0 | 36.0 | 59.4 | 98.1 | 70.9 | +0.2 |
| Apr 26, 2026 | 65.8 | 79.0 | 36.0 | 59.4 | 98.1 | 69.9 | -0.1 |
| Apr 19, 2026 | 65.9 | 79.0 | 36.0 | 59.4 | 98.1 | 70.4 | +0.6 |
| Apr 18, 2026 | 65.3 | 78.8 | 36.0 | 59.4 | 98.1 | 66.6 | -0.2 |
| Apr 14, 2026 | 65.5 | 78.8 | 36.0 | 59.4 | 98.1 | 67.9 | -0.1 |
| Apr 12, 2026 | 65.6 | 78.8 | 36.0 | 59.4 | 98.1 | 68.8 | -0.5 |
MWA — Pillar Breakdown
Quality
— 79.1/100 (25%)Mueller Water Products, Inc. demonstrates outstanding capital efficiency and profitability, placing it among the highest-quality businesses in the market.
How effectively capital is deployed to generate returns.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Asset productivity — how much gross profit each dollar of assets generates.
Free cash flow relative to market value.
Growth
— 59.7/100 (20%)Mueller Water Products, Inc. demonstrates healthy growth trends across revenue and earnings.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Analyst consensus for future earnings growth.
Risk
— 90.8/100 (15%)Mueller Water Products, Inc. carries minimal financial risk with conservative leverage and strong solvency.
Debt levels relative to earnings capacity.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 76.2/100 (15%)Mueller Water Products, Inc. appears attractively valued relative to its earnings, cash flows, and sector peers.
Inverse of forward P/E — higher yield means cheaper stock.
How many years of FCF the market cap represents.
P/E relative to earnings growth — lower is more attractive.
Enterprise value multiple relative to sector median.
Moat
— 36/100 (25%)Mueller Water Products, Inc. possesses some competitive advantages but faces meaningful competition. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for MWA.
Score Composition
Financial Data
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How is the MWA UQS Score Calculated?
The UQS (Unified Quality Score) for Mueller Water Products, Inc. is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses Mueller Water Products, Inc.'s competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether Mueller Water Products, Inc. is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.