Xylem
Builds water transport, treatment, metering, analytics, and service systems for utilities and industry.
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Profile
Supplies pumps, treatment systems, smart metering, water-quality instruments, software, rentals, and operating services to utilities, industrial sites, and buildings worldwide. Revenue comes from equipment and ongoing service across the water cycle, with the United States the largest market and smart metering centered in North America.
Builds and services equipment, software, and treatment systems across Water Infrastructure, Applied Water, Measurement and Control Solutions, and Water Solutions and Services. Offerings span pumps, filtration and disinfection, smart metering, water-quality instruments, network analytics, industrial treatment, dewatering, and outsourced operations.
Serves utilities, industrial sites, buildings, and agriculture through direct sales, distributors, and a global service network. The United States generates most revenue, followed by Western Europe. An installed base, established brands, application expertise, and service branches support replacement, rental, and recurring service work.
Demand and project timing depend on municipal and industrial capital spending, public funding, environmental and water-quality rules, and weather. Production relies on raw materials, electronic components, and third-party suppliers. Smart metering is now centered in North America after the international water and heat metering business was sold.
Company facts
Categories
Key statistics
Year to date −18.8% · Average volume (30d) 1.8M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 24, 2026 | Jefferies | Reiterate | Buy | $140 | $150 | |
| Aug 13, 2026 | UBS | Reiterate | Neutral | $135 | $138 | |
| Jul 30, 2026 | UBS | Reiterate | Neutral | $133 | $135 | |
| Jul 29, 2026 | Mizuho Securities | Target | $138 | $130 | ||
| Jul 29, 2026 | Stifel Nicolaus | Target | $157 | $160 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 28, 2026Q2 FY26 | $1.35 | $1.46 | +8.1% | $2.34B | $2.34B | −0.2% | −2.27% |
| Apr 28, 2026Q1 FY26 | $1.09 | $1.12 | +2.8% | $2.11B | $2.13B | +0.7% | −2.13% |
| Feb 10, 2026Q4 FY25 | $1.41 | $1.42 | +0.7% | $2.37B | $2.40B | +1.1% | −1.67% |
| Oct 28, 2025Q3 FY25 | $1.23 | $1.37 | +11.4% | $2.22B | $2.27B | +2.0% | +1.63% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $2.07B | $2.30B | $2.27B | $2.40B | $2.13B | $2.34B | |
| Gross profit | $768.0M | $892.0M | $883.0M | $932.0M | $803.0M | $963.0M | |
| Operating income | $231.0M | $305.0M | $334.0M | $353.0M | $244.0M | $390.0M | |
| Net income | $169.0M | $226.0M | $227.0M | $335.0M | $185.0M | $263.0M | |
| Diluted EPS | $0.69 | $0.93 | $0.93 | $1.37 | $0.79 | $1.11 | |
| Gross margin | 37.1% | 38.8% | 38.9% | 38.9% | 37.8% | 41.2% | |
| Operating margin | 11.2% | 13.3% | 14.7% | 14.7% | 11.5% | 16.7% |
Fiscal years (4-quarter sums)FY21 $5.20B · FY22 $5.52B · FY23 $7.37B · FY24 $8.56B · FY25 $9.04B
Revenue by product · Q4 FY25
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $1.28B · Total debt $3.06B · Total assets $17.34B · Shareholders' equity $10.42B
Dividends
Raised for 13 straight years — most recently to $0.43 from $0.40 in Feb 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 27, 2026 | Aug 27 | Sep 24 | $0.43 | |
| May 28, 2026 | May 28 | Jun 25 | $0.43 | |
| Feb 24, 2026 | Feb 24 | Mar 24 | $0.43 | raised from $0.40 |
| Nov 25, 2025 | Nov 25 | Dec 23 | $0.40 | |
| Aug 28, 2025 | Aug 28 | Sep 25 | $0.40 | |
| May 29, 2025 | May 29 | Jun 26 | $0.40 | |
| Feb 18, 2025 | Feb 18 | Mar 19 | $0.40 | raised from $0.36 |
| Nov 26, 2024 | Nov 26 | Dec 24 | $0.36 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 233.49M · Float 232.84M · 99.7% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 25.04M | 10.72% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 15.53M | 6.65% | 13F | Aug 13, 2026 |
| Vanguard Portfolio Management LLC | 12.62M | 5.40% | 13F | Aug 13, 2026 |
| State Street Corp | 11.44M | 4.90% | 13F | Aug 7, 2026 |
| Geode Capital Management, LLC | 6.35M | 2.72% | 13F | Aug 12, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| May 7, 2026 | Geri-Michelle McShane | officer: SVP, CAO | −4,269 | $117.46 |
| May 4, 2026 | Jerome A. Peribere | director | +1,210 | $116.61 |
| Nov 4, 2025 | Victoria D. Harker | director | −1,700 | $148.14 |
| Oct 30, 2025 | Claudia S. Toussaint | officer: EVP, CPSO | −10,421 | $152.64 |
| Sep 5, 2025 | Geri-Michelle McShane | officer: VP, CAO | −1,000 | $139.96 |
Peers
- Veralto
Water analytics and UV disinfection leader; Hach, Trojan, ChemTreat vs Xylem.
- Itron
Smart metering and AMI rival contesting the same utility endpoints as Sensus.
- Pentair
Pump and filtration rival in commercial and residential water applications.
- Ecolab
Nalco Water chemical programs compete with Evoqua industrial treatment services.
- Badger Meter
Pure-play smart water meter; ORION Cellular and BEACON SaaS rival to Sensus.
- Roper Technologies
Parent of Neptune, top-5 North American water AMI vendor competing with Sensus.
- Franklin Electric
Submersible pump specialist; Flygt and Goulds face Franklin in groundwater.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Xylem | $112.64 | +1.19% | $25.99B | 26.5 | 18.9 | 2.8 | +1.5% |
| Veralto | $97.11 | −1.38% | $24.03B | 24.9 | 21.8 | 4.2 | +7.5% |
| Itron | $97.53 | −0.06% | $4.27B | 16.3 | 15.1 | 1.9 | −7.2% |
| Pentair | $61.28 | −0.67% | $9.84B | 15.5 | 12.7 | 2.5 | −17.0% |
| Ecolab | $275.05 | −4.11% | $80.70B | 38.5 | 33.2 | 4.8 | +9.7% |
| Badger Meter | $136.00 | +0.23% | $3.93B | 31.7 | 29.0 | 4.5 | −6.6% |
| Roper Technologies | $425.13 | −0.26% | $43.01B | 17.8 | 18.1 | 5.2 | +8.5% |
| Franklin Electric | $100.56 | +0.03% | $4.45B | 29.0 | 20.6 | 2.0 | +6.0% |
| Median | 24.9 | 20.6 | 4.2 | +6.0% |