Xylem Inc.

XYL · NYSE · USD

Financials

Annual

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Valuation and market statistics · USD millions unless noted · ratios on the twelve months ending at each period

Line item	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009
Valuation
Market cap	$33,156	$28,186	$27,570	$19,927	$21,625	$18,355	$14,208	$12,031	$12,298	$8,930	$6,582	$6,971	$6,408	$5,035	$4,755	–	–
Enterprise value	$33,751	$29,195	$28,951	$20,941	$22,793	$19,635	$15,871	$14,057	$14,100	$11,007	$7,176	$7,592	$7,116	$5,736	$5,643	–	–
P/E (TTM) at period end	34.65×	31.67×	45.27×	56.13×	50.64×	72.26×	35.43×	21.91×	37.15×	34.35×	19.36×	20.68×	28.10×	16.95×	17.04×	–	–
P/S (TTM) at period end	3.67×	3.29×	3.74×	3.61×	4.16×	3.76×	2.71×	2.31×	2.61×	2.37×	1.80×	1.78×	1.67×	1.33×	1.25×	–	–
P/B at period end	2.89×	2.65×	2.71×	5.70×	6.72×	6.18×	4.80×	4.35×	4.91×	4.08×	3.16×	3.28×	2.86×	2.43×	2.60×	–	–
EV / EBITDA (TTM)	22.65×	23.04×	34.26×	28.57×	32.42×	40.57×	26.32×	18.23×	21.33×	22.24×	13.36×	13.61×	15.40×	9.81×	10.61×	–	–
EV / Sales (TTM)	3.74×	3.41×	3.93×	3.79×	4.39×	4.03×	3.02×	2.70×	3.00×	2.92×	1.96×	1.94×	1.85×	1.51×	1.48×	–	–
Returns
Return on equity	8.3%	8.4%	6.0%	10.2%	13.3%	8.6%	13.6%	19.8%	13.2%	11.9%	16.3%	15.8%	10.2%	14.3%	15.2%	12.1%	15.6%
Return on invested capital	8.1%	7.1%	5.4%	11.1%	11.1%	7.7%	10.1%	12.8%	9.1%	7.3%	14.1%	13.5%	9.4%	12.2%	10.6%	12.7%	16.8%
Dividend yield	1.2%	1.2%	1.1%	1.1%	0.9%	1.0%	1.2%	1.3%	1.1%	1.3%	1.5%	1.3%	1.4%	1.5%	0.4%	–	–
Financial health
Current ratio	1.62×	1.75×	1.76×	1.89×	2.27×	1.80×	1.63×	1.51×	1.88×	1.49×	2.44×	2.29×	2.36×	2.40×	2.02×	2.06×	1.91×
Debt / equity	0.17×	0.19×	0.22×	0.54×	0.76×	1.04×	0.78×	0.83×	0.88×	1.08×	0.61×	0.60×	0.55×	0.58×	0.66×	0.00×	–
Effective tax rate	19.6%	18.1%	4.1%	19.3%	16.4%	10.9%	3.6%	6.2%	29.2%	23.5%	15.6%	20.0%	23.5%	23.5%	27.2%	15.2%	5.1%
Share count
Diluted shares outstanding	244	244	218	181	182	181	181	181	181	180	182	184	186	186	185	185	185

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Income statement · USD millions

Line item	TTM	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009
Revenue and gross profit
Revenue	$9,126	$9,035	$8,562	$7,364	$5,522	$5,195	$4,876	$5,249	$5,207	$4,707	$3,771	$3,653	$3,916	$3,837	$3,791	$3,803	$3,202	$2,849
Cost of revenue	($5,545)	($5,560)	($5,350)	($4,647)	($3,438)	($3,220)	($3,046)	($3,203)	($3,181)	($2,860)	($2,309)	($2,249)	($2,403)	($2,338)	($2,289)	($2,342)	($1,988)	($1,812)
Gross profit	$3,581	$3,475	$3,212	$2,717	$2,084	$1,975	$1,830	$2,046	$2,026	$1,847	$1,462	$1,404	$1,513	$1,499	$1,502	$1,461	$1,214	$1,037
Operating expenses
Research and development	($227)	($226)	($230)	($232)	($206)	($204)	($187)	($191)	($189)	($181)	($110)	($95)	($104)	($104)	($106)	($100)	($74)	($63)
Selling, general and administrative	($1,935)	($1,923)	($1,911)	($1,757)	($1,227)	($1,179)	($1,143)	($1,158)	($1,161)	($1,089)	($914)	($854)	($920)	($990)	($914)	($877)	($737)	($667)
Total operating expenses	($2,260)	($2,252)	($2,203)	($2,065)	($1,462)	($1,390)	($1,463)	($1,560)	($1,372)	($1,295)	($1,054)	($955)	($1,050)	($1,136)	($1,059)	($1,066)	($826)	($761)
Total costs and expenses	($7,805)	($7,812)	($7,553)	($6,712)	($4,900)	($4,610)	($4,509)	($4,763)	($4,553)	($4,155)	($3,363)	($3,204)	($3,453)	($3,474)	($3,348)	($3,408)	($2,814)	($2,573)
Operating income	$1,321	$1,223	$1,009	$652	$622	$585	$367	$486	$654	$552	$408	$449	$463	$363	$443	$395	$388	$276
Earnings
EBITDA	$1,581	$1,490	$1,267	$845	$733	$703	$484	$603	$771	$661	$495	$537	$558	$462	$585	$532	$480	$346
Interest income	–	$27	$28	$28	$16	$7	$7	$5	$4	$3	$2	$2	$2	$3	$4	$3	–	–
Interest expense	($23)	($29)	($44)	($49)	($50)	($76)	($77)	($67)	($82)	($82)	($70)	($55)	($54)	($55)	($55)	($17)	–	–
Pre-tax income	$1,273	$1,181	$1,087	$635	$440	$511	$285	$416	$585	$466	$340	$403	$421	$298	$388	$383	$388	$277
Income tax expense	($264)	($231)	($197)	($26)	($85)	($84)	($31)	($15)	($36)	($136)	($80)	($63)	($84)	($70)	($91)	($104)	($59)	($14)
Net income	$1,018	$957	$890	$609	$355	$427	$254	$401	$549	$331	$260	$340	$337	$228	$297	$279	$329	$263
Per share
Diluted EPS (GAAP)	$4.20	$3.92	$3.65	$2.79	$1.96	$2.35	$1.40	$2.21	$3.03	$1.83	$1.45	$1.87	$1.83	$1.22	$1.59	$1.50	$1.78	$1.42
Basic EPS (GAAP)	$4.20	$3.93	$3.67	$2.81	$1.97	$2.37	$1.41	$2.23	$3.05	$1.84	$1.45	$1.88	$1.84	$1.23	$1.60	$1.51	$1.78	$1.42
Basic shares outstanding	241	243	243	217	180	180	180	180	180	180	179	181	183	185	186	185	185	185
Margins
Gross margin	39.2%	38.5%	37.5%	36.9%	37.7%	38.0%	37.5%	39.0%	38.9%	39.2%	38.8%	38.4%	38.6%	39.1%	39.6%	38.4%	37.9%	36.4%
Operating margin	14.5%	13.5%	11.8%	8.9%	11.3%	11.3%	7.5%	9.3%	12.6%	11.7%	10.8%	12.3%	11.8%	9.5%	11.7%	10.4%	12.1%	9.7%
Net margin	11.2%	10.6%	10.4%	8.3%	6.4%	8.2%	5.2%	7.6%	10.5%	7.0%	6.9%	9.3%	8.6%	5.9%	7.8%	7.3%	10.3%	9.2%

Analyst consensus

Hold40 analysts

Bearish · 1 · Hold · 21 · Bullish · 18

Earnings history

	EPS	Estimate
Q3 2024	$1.11	$1.11	Match
Q4 2024	$1.18	$1.13	Beat
Q1 2025	$1.03	$0.95	Beat
Q2 2025	$1.26	$1.15	Beat
Q3 2025	$1.37	$1.23	Beat
Q4 2025	$1.42	$1.41	Beat
Q1 2026	$1.12	$1.08	Beat
Q2 2026	$1.46	$1.35	Beat

Peers

Company overview

IPO dateOct 13, 2011

CEOMatthew F. Pine

Employees22,000

SectorIndustrials

IndustryIndustrial - Machinery

CountryUS

ExchangeNew York Stock Exchange

Websitewww.xylem.com

Xylem Inc., together with its subsidiaries, engages in the design, manufacture, and servicing of engineered products and solutions for utility, industrial, and residential and commercial building services settings worldwide. It operates through Water Infrastructure; Applied Water; Measurement and Control Solutions; and Water Solutions and Services segments. The company offers water, wastewater, and storm water pumps and controls and systems; filtration, disinfection, and biological treatment equipment under the Flygt, Ionpure, Leopold, Neptune Benson, Sanitare, Wallace & Tiernan, and Wedeco brands; and pumps, valves, heat exchangers, controls, and dispensing equipment used for water and focuses on the residential, commercial and industrial markets under the Rule, Bell & Gossett, Flojet, Goulds Water Technology, Jabsco, and Lowara brands. It also provides smart meters, network communication devices, data analytics, test instruments, controls, sensor devices, software and managed services, critical infrastructure services, cloud-based analytics, and remote monitoring and data management under the Ebro, Sensus, Sentec, Smith Blair, WTW, YSI, and Xylem Vue brands. In addition, the company offers preventative maintenance services, rapid response mobile services, digitally enabled/outsourced solutions, process and wastewater treatment systems, environmental remediation, odor and corrosion control, filtration, reverse osmosis, continuous deionization, and mobile dewatering equipment and rental services; and municipal services comprising odor and corrosion control services, as well as condition assessment and asset management, and pressure monitoring solutions under the Grindex, Mar Cor, and Godwin brands. Xylem Inc. was formerly known as ITT WCO, Inc. and changed its name to Xylem Inc. in July 2011. The company was incorporated in 2011 and is headquartered in Washington, District Of Columbia.

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