Zurn Elkay Water Solutions Corporation
Rank #238HypergrowthZWS · NYSE · Industrials
Zurn Elkay Water Solutions Corporation (ZWS) — Rank #238 by gross profitability (GP/assets 0.28) · ROE 12.3% · Piotroski F-Score 8 / 9.
As-of 2026-09-15 · CIK 0001439288 · all metrics point-in-time as of the filing date.
About
Zurn Elkay Water Solutions Corporation engages in design, procurement, manufacture, and marketing of water management solutions in the United States, Canada, and internationally.
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It offers water dispensing and filtration products, such as filtered bottle filling stations, water fountains and water dispensers, and filtered faucets under the Elkay and Halsey Taylor brand names; filtered units including water filters; and water safety and control products, such as backflow preventers, fire system valves, pressure reducing valves, and thermostatic mixing valves under the Zurn and Wilkins brand names. The company also provides flow systems products comprising point drains, hydrants, fixture carrier systems, and chemical drainage systems; and oil and grease interceptors and separators, acid neutralization systems, and remote monitoring systems under the Zurn, Green Turtle, and Wade brands. In addition, it offers sensor operated flush valves under the Aquaflush, AquaSense, and AquaVantage brands; heavy-duty commercial faucets under the AquaSpec brand; flush valves and faucets under the Hydro X Power brands; water conserving fixtures under the EcoVantage and Zurn One brands; stainless steel, quartz, fireclay-ceramic, and cast iron sinks under the Elkay brand name; stainless steel sinks and plumbing fixtures under the Just brand; restroom partition systems and lockers under the Hadrian brand name; and hand dryers. Further, the company offers its products to institutional, commercial, waterworks, and residential end markets through independent sales representatives, plumbing wholesalers, and industry-specific distributors in the waterworks, foodservice, industrial, janitorial, sanitation, and sitework industries. The company was formerly known as Zurn Water Solutions Corporation and changed its name to Zurn Elkay Water Solutions Corporation in July 2022.
Zurn Elkay Water Solutions Corporation was founded in 1900 and is headquartered in Milwaukee, Wisconsin.
- Industry
- Pollution & Treatment Controls
- Sector
- Industrials
- State
- DE
- Filer Category
- Large accelerated filer
- Fiscal Year End
- December 31
- Website
- zurnelkay.com
Price History
Company Snapshot
P/S is the primary valuation lens — earnings are reinvested, not available for P/E.
Market Cap
$7.58B
P/E (annual)
39.7
P/S (annual)
4.5
P/B
4.7
P/OCF (annual)
21.9
Shareholder Yield
-10.5%
Employees
2,600
Industry
Pollution & Treatment Controls
Exchange
NYSE
Signal Flags
Quality Profile
Profitability
1/1 passSafety
1/1 passCash Flow
1/1 passGrowth
1/2 passTerry Smith quality gate
Passes 0/5 Terry Smith thresholds2 of 5 thresholds not computable from filed data.
Valuation History
Current multiple vs historical range at each filing date. Band spans 25th-75th percentile.
P / E
Price / diluted EPS
P / S
Price / revenue per share
P / B
Price / book value per share
P / GP
Price / gross profit per share
P / FCF
Price / free cash flow per share
Disclosure regression check
2 previously-disclosed line items are no longer reported. Worth checking the filing for why.
Revenue growth and the path to profitability (margin trend) are the primary reads at this stage.
Profitability
Gross profitability (GP / assets)
0.28
Primary signal (Novy-Marx).
63rd pctl of 36 SIC 35 peers
Return on equity
12.3%
Gross margin
45.1%
66th pctl of 36 SIC 35 peers
Revenue growth (YoY)
32.3%
Gross margin improving
Margin trend vs prior year.
Operating Leverage
| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Revenue vs COGS | ||||
| Revenue vs OpEx | ||||
| Op. Income vs Revenue |
Growth
Revenue CAGR (3Y)
—
Revenue CAGR (5Y)
—
Earnings CAGR (3Y)
47.5%
FCF CAGR (3Y)
—
Anti-fragile safety
Balance-sheet safety
Composite anti-fragile check.
Debt / equity
0.67
77th pctl of 36 SIC 35 peers (best = lowest)
Current ratio
3.24×
91st pctl of 36 SIC 35 peers
Quick ratio
2.00×
Net cash
-$225.50M
Cash & equivalents minus total debt.
Recession resistance
Revenue through recessions
Worst single-year YoY revenue decline, 15 years of history
Cash-flow health
Free cash flow
—
Operating cash flow minus capex.
Positive free cash flow
FCF / net income
—
Cash-backing of earnings.
FCF/NI divergence
Unfavorable divergence (yellow flag).
Accruals healthy
Cash-backed earnings.
SBC / revenue
2.4%
Stock-based comp intensity.
Dividend safety
Composite score
2.0 / 5
Piotroski F-Score
F-Score
8 / 9
Fundamental-strength score (0-9).