Mueller Water Products, Inc. (MWA) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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MWA Revenue Growth
Revenue Breakdown (FY 2024)
MWA's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
By Geography
MWA Revenue Analysis (2014–2025)
As of May 8, 2026, Mueller Water Products, Inc. (MWA) generated trailing twelve-month (TTM) revenue of $1.46 billion, reflecting solid growth of +5.5% year-over-year. The most recent quarter (Q2 2026) recorded $384.4 million in revenue, up 20.8% sequentially.
Looking at the longer-term picture, MWA's 5-year compound annual growth rate (CAGR) stands at +8.2%, indicating steady revenue expansion. The company achieved its highest annual revenue of $1.43 billion in 2025, representing a new all-time high.
Revenue diversification analysis shows MWA's business is primarily driven by Mueller Co. (57%), and Mueller Technologies (43%). With over half of revenue concentrated in Mueller Co., the company maintains significant focus in this area while developing other growth vectors.
When compared to Industrials sector peers including NWN (+5.9% YoY), AWK (+8.1% YoY), and FELE (+8.0% YoY), MWA has underperformed the peer group in terms of revenue growth. Compare MWA vs NWN →
MWA Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| MWACurrent | $1.5B | +5.5% | +8.2% | 18.2% | |
 NWN | $1.3B | +5.9% | +10.8% | 31.4% | |
 AWK | $5.1B | +8.1% | +6.4% | 36.6% | |
 FELE | $2.1B | +8.0% | +11.3% | 12.7% | |
 GFF | $2.5B | -8.0% | +4.0% | 8.2% | |
 VMI | $4.1B | +2.4% | +7.2% | 12.7% |
MWA Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $1.43B | +8.7% | $516.7M | 36.1% | $260.6M | 18.2% |
| 2024 | $1.31B | +3.1% | $459.0M | 34.9% | $181.7M | 13.8% |
| 2023 | $1.28B | +2.3% | $379.5M | 29.7% | $127.4M | 10.0% |
| 2022 | $1.25B | +12.3% | $364.3M | 29.2% | $111.6M | 8.9% |
| 2021 | $1.11B | +15.2% | $358.5M | 32.3% | $131.7M | 11.9% |
| 2020 | $964.1M | -0.4% | $328.2M | 34.0% | $116.8M | 12.1% |
| 2019 | $968.0M | +5.7% | $320.9M | 33.2% | $124.3M | 12.8% |
| 2018 | $916.0M | +10.9% | $289.9M | 31.6% | $121.7M | 13.3% |
| 2017 | $826.0M | +3.2% | $267.5M | 32.4% | $100.7M | 12.2% |
| 2016 | $800.6M | -31.2% | $267.9M | 33.5% | $92.9M | 11.6% |
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Start ComparisonMWA — Frequently Asked Questions
Quick answers to the most common questions about buying MWA stock.
Is MWA's revenue growth accelerating or slowing?
MWA maintains +5.5% revenue growth, in line with its 5-year CAGR of +8.2%. TTM revenue stands at $1.5B. Growth rate remains consistent with historical average.
What is MWA's long-term revenue growth rate?
Mueller Water Products, Inc.'s 5-year revenue CAGR of +8.2% reflects the sustained expansion pattern. Current YoY growth of +5.5% is near this long-term average.
How is MWA's revenue distributed by segment?
MWA reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.