ZWS
IndustrialsZurn Elkay Water Solutions Corporation · Industrial - Pollution & Treatment Controls · $8B
What is Zurn Elkay Water Solutions Corporation?
Zurn Elkay Water Solutions Corporation is a Milwaukee-based manufacturer focused on water system solutions for non-residential buildings. The company serves a broad range of institutional and commercial markets across North America.
Zurn Elkay designs, manufactures, and markets products that manage water quality, safety, flow control, and conservation inside and around commercial buildings. Revenue comes from selling finish plumbing, drainage systems, fire protection products, and water control equipment primarily under the Zurn brand. The company also markets hand dryers and baby changing stations under the World Dryer brand, and stainless steel sinks and fixtures under the Just Manufacturing brand — serving healthcare, education, hospitality, government, and food service customers.
Incorporated in 2006 and headquartered in Milwaukee, Wisconsin, Zurn Elkay operates under a portfolio of established brand names.
- Finish plumbing and drainage systems under the Zurn brand
- Fire protection and backflow prevention products
- PEX pipe fittings and water control accessories
- Stainless steel sinks and fixtures via Just Manufacturing
- Hand dryers and baby changing stations via World Dryer
Is ZWS a Good Stock to Buy?
UQS Score rates ZWS as Good overall, reflecting a balanced profile across the five quality pillars.
The Risk pillar stands out as the strongest element of ZWS's profile, suggesting the business carries relatively low financial or operational vulnerability compared to sector peers. Growth and Quality both register as Good, pointing to a company that generates consistent results and maintains a reasonable trajectory in its end markets.
Moat and Valuation both land at Neutral, meaning ZWS does not yet demonstrate a commanding competitive advantage, and the current price does not appear to offer a clear discount relative to fundamentals.
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Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does ZWS pay dividends?
Yes — Zurn Elkay Water Solutions Corporation pays a dividend.
ZWS pays a regular dividend, which is relatively uncommon among mid-cap industrials still investing in product and market expansion. The dividend reflects management's confidence in the company's cash generation. Investors seeking income alongside exposure to water infrastructure may find this cadence appealing, though the full yield context is available in the Pro view.
When does ZWS report earnings?
Zurn Elkay Water Solutions reports earnings on a quarterly cadence, consistent with US-listed industrial companies.
The company's Good Quality and Growth pillar ratings suggest results have been broadly in line with expectations across recent periods, without significant deterioration in underlying business fundamentals. Margin and revenue trends are best evaluated in the full Pro breakdown.
For the most recent quarter's results and guidance, visit Zurn Elkay's official investor relations page.
ZWS Price History
+108.1% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in Zurn Elkay Water Solutions Corporation?
Based on Zurn Elkay Water Solutions Corporation'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.
ZWS Long-term Outlook
ZWS's Good Growth pillar suggests the business has identifiable drivers that support continued expansion in its core non-residential water solutions markets. The Strong Risk pillar adds confidence that near-term headwinds are unlikely to materially disrupt operations. However, the Neutral Moat rating means competitive pressures remain a factor, and the Neutral Valuation indicates the market has already priced in a reasonable portion of the growth outlook.
Growth drivers
- Ongoing non-residential construction and renovation activity driving demand for water management products
- Expanding institutional end markets including healthcare and higher education
- Cross-selling opportunities across the Zurn, World Dryer, and Just Manufacturing brand portfolio
Key risks
- Cyclical exposure to commercial construction spending slowdowns
- Limited pricing power given a Neutral Moat rating in a competitive industrial segment
- Valuation leaving little room for earnings misses in the near term
ZWS vs Peers
ZWS competes within the broader industrials and water technology space alongside companies that address adjacent filtration, environmental, and safety markets.
Federal Signal focuses on safety and signaling equipment for municipal and industrial customers, giving it a different end-market profile than ZWS's building-focused water solutions.
Atmus specializes in filtration products for commercial vehicles and industrial engines, competing in fluid management but not in the building water systems space.
Veralto operates across water quality analytics and product quality technologies, overlapping with ZWS on water quality themes but serving a broader set of industrial and municipal customers.
Frequently Asked Questions
What does Zurn Elkay Water Solutions do?
Zurn Elkay designs and manufactures water system products for non-residential buildings, including plumbing fixtures, drainage systems, fire protection equipment, and water control products. It also sells hand dryers and stainless steel sinks through its World Dryer and Just Manufacturing brands, serving healthcare, education, hospitality, and government customers.
Does ZWS pay dividends?
Yes, Zurn Elkay pays a regular dividend. This is notable for a mid-cap industrial company still investing in its product portfolio. The dividend signals management's view that the business generates sufficient cash to return capital to shareholders. Full yield and payout details are available in the Pro breakdown.
When does ZWS report earnings?
Zurn Elkay reports on a quarterly cadence, as is standard for US-listed industrials. For the exact schedule and most recent results, check the company's investor relations page directly, as our platform does not publish forward earnings dates.
Is ZWS a good stock to buy?
UQS Score rates ZWS as Good overall. The Risk pillar is particularly strong, and both Growth and Quality register positively. Moat and Valuation are Neutral, meaning the stock does not appear deeply discounted. Whether it fits your portfolio depends on your own criteria — the full pillar breakdown is available to Pro members.
Is ZWS overvalued?
ZWS carries a Neutral Valuation rating from UQS Score, suggesting the stock is neither clearly cheap nor obviously expensive relative to its fundamentals. This means investors are paying a fair market price without a significant margin of safety. Pro members can view the detailed valuation metrics behind this rating.
How does ZWS compare to its competitors?
ZWS focuses specifically on building water systems — plumbing, drainage, and fire protection — which distinguishes it from peers like Atmus Filtration, which targets vehicle filtration, and Federal Signal, which serves municipal safety markets. Veralto overlaps most closely on water quality themes. See the competitor panel on this page for UQS Score comparisons.
What is ZWS's market cap bracket?
Zurn Elkay Water Solutions is classified as a mid-cap company. This places it in a segment that typically offers more growth potential than large-caps but with greater stability than small-cap peers, though mid-caps can still experience meaningful price volatility.
Who founded Zurn Elkay Water Solutions?
The company traces its roots through the legacy Zurn and Elkay brands, both long-established names in commercial water products. Zurn Elkay Water Solutions Corporation was incorporated in 2006 and is headquartered in Milwaukee, Wisconsin. Founding leadership details are publicly available through the company's corporate history disclosures.
Is ZWS a long-term quality investment?
From a quality-scoring perspective, ZWS's Strong Risk pillar and Good Quality rating suggest the business has durable characteristics that support long-term holding. The Neutral Moat rating is worth monitoring, as sustained competitive advantage is a key driver of long-term value creation. Pro members can track pillar changes over time.
What is the main competitive advantage of Zurn Elkay?
ZWS benefits from a portfolio of recognized brand names — Zurn, World Dryer, and Just Manufacturing — that serve specialized institutional and commercial markets. Its focus on non-residential water infrastructure creates recurring demand tied to building maintenance and renovation cycles. However, the UQS Moat pillar rates this advantage as Neutral, indicating room for further differentiation.
What sector does ZWS belong to?
Zurn Elkay Water Solutions is classified in the Industrials sector, specifically within the water and building products segment. It serves end markets including healthcare, higher education, hospitality, and government — all of which tend to have relatively stable, long-term infrastructure spending patterns.
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Pro Analysis
ZWS — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 22, 2026 | 62.5 | 67.2 | 41.0 | 70.8 | 83.5 | 58.6 | 0.0 |
| May 21, 2026 | 62.5 | 67.1 | 41.0 | 70.8 | 83.5 | 58.5 | +0.1 |
| May 14, 2026 | 62.4 | 66.9 | 41.0 | 70.8 | 83.5 | 58.3 | +0.5 |
| May 12, 2026 | 61.9 | 66.6 | 41.0 | 70.8 | 83.5 | 55.6 | +0.1 |
| May 7, 2026 | 61.8 | 65.1 | 41.0 | 70.8 | 81.2 | 59.9 | 0.0 |
| May 3, 2026 | 61.8 | 65.1 | 41.0 | 70.8 | 81.2 | 59.7 | +0.1 |
| Apr 26, 2026 | 61.7 | 65.1 | 41.0 | 70.8 | 81.2 | 59.2 | -0.2 |
| Apr 25, 2026 | 61.9 | 65.1 | 41.0 | 70.8 | 81.2 | 60.5 | +0.1 |
| Apr 24, 2026 | 61.8 | 65.1 | 41.0 | 70.4 | 81.2 | 60.4 | +0.6 |
| Apr 23, 2026 | 61.2 | 65.1 | 41.0 | 67.6 | 81.2 | 59.9 | +0.1 |
ZWS — Pillar Breakdown
Quality
— 67.1/100 (25%)Zurn Elkay Water Solutions Corporation shows solid profitability with healthy returns on capital and reasonable margins.
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
— 70.8/100 (20%)Zurn Elkay Water Solutions Corporation 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
— 83.5/100 (15%)Zurn Elkay Water Solutions Corporation 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
— 58.4/100 (15%)Zurn Elkay Water Solutions Corporation trades at a reasonable valuation with decent earnings yield and FCF multiples.
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
— 41/100 (25%)Zurn Elkay Water Solutions Corporation 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 ZWS.
Score Composition
Financial Data
More Stock Analysis
How is the ZWS UQS Score Calculated?
The UQS (Unified Quality Score) for Zurn Elkay Water Solutions Corporation 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 Zurn Elkay Water Solutions Corporation'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 Zurn Elkay Water Solutions Corporation 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.