Mueller Water Products vs Tennant
Mueller Water Products reported revenue of $1.4 billion in fiscal 2025, 1.2 times Tennant's $1.2 billion in fiscal 2025. Mueller Water Products' revenue grew 8.8% in its latest year, and Tennant's fell 6.5%. Mueller Water Products had an operating margin of 18.2%, against 5.7% at Tennant. Free cash flow was $172 million at Mueller Water Products and $43 million at Tennant. Their fiscal years end in different months (September 30 and December 31), so the periods don't line up exactly.
Side by side
| Mueller Water Products | Tennant | |
|---|---|---|
| Latest fiscal year | FY2025, Sep 30, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $1.4B | $1.2B |
| Revenue growth | 8.8% | −6.5% |
| Revenue growth a year, last 5 years | 8.2% | 3.8% |
| Gross margin | 36.1% | 40.2% |
| Operating margin | 18.2% | 5.7% |
| Net margin | 13.4% | 3.6% |
| Free cash flow | $172M | $43M |
| Free cash flow margin | 12.0% | 3.6% |
| Return on capital | 20.1% | 6.9% |
| Net debt to EBITDA | 0.1x | 1.3x |
| Dividends and buybacks | $57M | $110M |
| Change in diluted share count | 0.4% | −2.7% |
| Last close | $24.05 | $71.50 |
| P/E at the last close | 16.9× | 52.6× |
| Insider trades, last 12 months | bought $826,950, sold $4.8 million | bought $2.1 million, sold $1.2 million |
| Piotroski F-score | 8 of 9 | 5 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
Mueller Water ProductsTennant
Operating margin
Percent of revenue
Mueller Water ProductsTennant
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Mueller Water ProductsTennant
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Mueller Water Products and Tennant pages.