Mueller Water Products (MWA) - Net Assets
Based on the latest financial reports, Mueller Water Products (MWA) has net assets worth $1.02 Billion USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.85 Billion) and total liabilities ($828.60 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check MWA asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.02 Billion |
| % of Total Assets | 55.13% |
| Annual Growth Rate | N/A |
| 5-Year Change | 41.27% |
| 10-Year Change | 134.02% |
| Growth Volatility | 22.27 |
Mueller Water Products - Net Assets Trend (2005–2025)
This chart illustrates how Mueller Water Products's net assets have evolved over time, based on quarterly financial data. Also explore Mueller Water Products balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for Mueller Water Products (2005–2025)
The table below shows the annual net assets of Mueller Water Products from 2005 to 2025. For live valuation and market cap data, see market cap of Mueller Water Products.
| Year | Net Assets | Change |
|---|---|---|
| 2025-09-30 | $981.70 Million | +21.18% |
| 2024-09-30 | $810.10 Million | +13.86% |
| 2023-09-30 | $711.50 Million | +6.31% |
| 2022-09-30 | $669.30 Million | -3.68% |
| 2021-09-30 | $694.90 Million | +8.46% |
| 2020-09-30 | $640.70 Million | +8.17% |
| 2019-09-30 | $592.30 Million | +4.87% |
| 2018-09-30 | $564.80 Million | +15.38% |
| 2017-09-30 | $489.50 Million | +16.69% |
| 2016-09-30 | $419.50 Million | +14.06% |
| 2015-09-30 | $367.80 Million | +4.61% |
| 2014-09-30 | $351.60 Million | +7.13% |
| 2013-09-30 | $328.20 Million | +41.65% |
| 2012-09-30 | $231.70 Million | -38.87% |
| 2011-09-30 | $379.00 Million | -6.49% |
| 2010-09-30 | $405.30 Million | -7.11% |
| 2009-09-30 | $436.30 Million | -67.17% |
| 2008-09-30 | $1.33 Billion | +1.37% |
| 2007-09-30 | $1.31 Billion | +6.85% |
| 2006-09-30 | $1.23 Billion | +890.41% |
| 2005-09-30 | $-155.24 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Mueller Water Products's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 120000000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (September 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $1.60 Million | 0.16% |
| Other Comprehensive Income | $-4.60 Million | -0.47% |
| Other Components | $1.16 Billion | 118.05% |
| Total Equity | $981.70 Million | 100.00% |
Mueller Water Products Competitors by Market Cap
The table below lists competitors of Mueller Water Products ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shenzhen H&T Intelligent Control Co Ltd
SHE:002402
|
$4.28 Billion |
|
Shenzhen O-Film Tech Co Ltd
SHE:002456
|
$4.28 Billion |
|
ALMONTY INDUSTRIES CDIS/1
F:ALI0
|
$4.29 Billion |
|
G-bits Network Technology Xiamen Co Ltd
SHG:603444
|
$4.29 Billion |
|
NorthWestern Corporation
NASDAQ:NWE
|
$4.28 Billion |
|
GlaxoSmithKline Pharmaceuticals Limited
NSE:GLAXO
|
$4.28 Billion |
|
Gujarat Fluorochemicals Limited
NSE:FLUOROCHEM
|
$4.28 Billion |
|
Challenger Ltd
AU:CGF
|
$4.28 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Mueller Water Products's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 810,100,000 to 981,700,000, a change of 171,600,000 (21.2%).
- Net income of 191,700,000 contributed positively to equity growth.
- Dividend payments of 41,900,000 reduced retained earnings.
- Share repurchases of 15,000,000 reduced equity.
- New share issuances of 4,700,000 increased equity.
- Other comprehensive income increased equity by 26,200,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $191.70 Million | +19.53% |
| Dividends Paid | $41.90 Million | -4.27% |
| Share Repurchases | $15.00 Million | -1.53% |
| Share Issuances | $4.70 Million | +0.48% |
| Other Comprehensive Income | $26.20 Million | +2.67% |
| Other Changes | $5.90 Million | +0.6% |
| Total Change | $- | 21.18% |
Book Value vs Market Value Analysis
This analysis compares Mueller Water Products's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 4.39x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 2.28x to 4.39x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-09-30 | $12.03 | $27.39 | x |
| 2007-09-30 | $11.42 | $27.39 | x |
| 2008-09-30 | $11.51 | $27.39 | x |
| 2009-09-30 | $3.74 | $27.39 | x |
| 2010-09-30 | $2.63 | $27.39 | x |
| 2011-09-30 | $2.44 | $27.39 | x |
| 2012-09-30 | $1.48 | $27.39 | x |
| 2013-09-30 | $2.05 | $27.39 | x |
| 2014-09-30 | $2.16 | $27.39 | x |
| 2015-09-30 | $2.24 | $27.39 | x |
| 2016-09-30 | $2.56 | $27.39 | x |
| 2017-09-30 | $3.02 | $27.39 | x |
| 2018-09-30 | $3.53 | $27.39 | x |
| 2019-09-30 | $3.71 | $27.39 | x |
| 2020-09-30 | $4.04 | $27.39 | x |
| 2021-09-30 | $4.36 | $27.39 | x |
| 2022-09-30 | $4.24 | $27.39 | x |
| 2023-09-30 | $4.54 | $27.39 | x |
| 2024-09-30 | $5.16 | $27.39 | x |
| 2025-09-30 | $6.23 | $27.39 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Mueller Water Products utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 19.53%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.41%
- • Asset Turnover: 0.78x
- • Equity Multiplier: 1.87x
- Recent ROE (19.53%) is above the historical average (-5.15%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 0.42% | 0.26% | 0.65x | 2.44x | $-117.60 Million |
| 2007 | 3.68% | 2.61% | 0.61x | 2.30x | $-82.90 Million |
| 2008 | 3.16% | 2.26% | 0.60x | 2.33x | $-90.89 Million |
| 2009 | -228.44% | -69.80% | 0.82x | 3.99x | $-1.04 Billion |
| 2010 | -11.15% | -3.38% | 0.85x | 3.87x | $-85.73 Million |
| 2011 | -9.53% | -2.70% | 0.90x | 3.92x | $-74.00 Million |
| 2012 | -46.57% | -10.54% | 0.83x | 5.35x | $-131.07 Million |
| 2013 | 12.43% | 3.64% | 0.87x | 3.91x | $7.98 Million |
| 2014 | 15.86% | 4.68% | 0.90x | 3.76x | $20.50 Million |
| 2015 | 8.44% | 2.65% | 0.95x | 3.36x | $-5.73 Million |
| 2016 | 15.28% | 7.98% | 0.63x | 3.06x | $22.07 Million |
| 2017 | 25.25% | 14.93% | 0.66x | 2.58x | $74.46 Million |
| 2018 | 18.75% | 11.53% | 0.71x | 2.29x | $49.27 Million |
| 2019 | 10.81% | 6.59% | 0.72x | 2.27x | $4.79 Million |
| 2020 | 11.24% | 7.47% | 0.69x | 2.18x | $7.93 Million |
| 2021 | 10.13% | 6.34% | 0.73x | 2.18x | $910.00K |
| 2022 | 11.44% | 6.14% | 0.83x | 2.24x | $9.67 Million |
| 2023 | 12.02% | 6.70% | 0.85x | 2.12x | $14.35 Million |
| 2024 | 14.31% | 8.82% | 0.80x | 2.02x | $34.89 Million |
| 2025 | 19.53% | 13.41% | 0.78x | 1.87x | $93.53 Million |
Industry Comparison
This section compares Mueller Water Products's net assets metrics with peer companies in the Specialty Industrial Machinery industry.
Industry Context
- Industry: Specialty Industrial Machinery
- Average net assets among peers: $423,177,531
- Average return on equity (ROE) among peers: 6.77%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Mueller Water Products (MWA) | $1.02 Billion | 0.42% | 0.81x | $4.28 Billion |
| Ametek Inc (AME) | $252.90 Million | 16.29% | 1.13x | $53.06 Billion |
| American Superconductor Corporation (AMSC) | $22.10 Million | -19.46% | 0.09x | $1.72 Billion |
| Smith AO Corporation (AOS) | $1.72 Billion | 25.87% | 0.79x | $6.84 Billion |
| ATS Corporation (ATS) | $143.40 Million | 13.67% | 0.65x | $2.89 Billion |
| Babcock & Wilcox Enterprises Inc (BW) | $-294.94 Million | 0.00% | 0.00x | $1.90 Billion |
| Broadwind Energy Inc (BWEN) | $59.40 Million | 1.94% | 1.16x | $50.81 Million |
| Clean Energy Technologies, Inc. Common Stock (CETY) | $-4.80 Million | 0.00% | 0.00x | $5.97 Million |
| Cummins Inc (CMI) | $933.00 Million | 8.79% | 4.18x | $74.50 Billion |
| Crane Company (CR) | $1.15 Billion | 10.72% | 1.99x | $9.93 Billion |
| CSW Industrials, Inc. (CSW) | $258.01 Million | 9.87% | 0.52x | $4.86 Billion |
About Mueller Water Products
Mueller Water Products, Inc. manufactures and markets products and services for the transmission, distribution, and measurement of water used by municipalities, and the residential and non-residential construction industries in the United States, Canada, and internationally. It operates in two segments, Water Flow Solutions and Water Management Solutions. The Water Flow Solutions segment provides… Read more