Zurn Elkay Water Solutions
ZWS on NYSE. Zurn Elkay sells water management products to building owners and construction firms. Market value $8.0bn.
Price checks use the past 12 months to June 2026. Some use the latest annual report instead, as marked. Quality checks use five annual reports, the latest for the year to December 2025.
Cash flow or capital spending isn't reported, so free cash flow is unknown.
Should I look at this?
Not a fit for our list right now
Why it could be worth it
See Industrials stocks that passed both tests
This is not advice. Check the numbers below.
We could not compute this from the filings.
You pay 21.7 years of operating profit for the business. The average large US company costs around 18.
Each dollar kept in the business earns 10 cents a year. Above 10 is good.
Quality score: 60 of 100. Price score: 51 of 100. Our list needs 70 on quality and 60 on price.
$47.85 a share, 11% above its 1-year low
Over the past year the price has ranged from $43.06 to $55.00.
Dividend: 0.8% a year
Paid every year for at least 5 years
Payouts have jumped around in recent years, so this may not repeat.
Prices from Tuesday’s close (6 October).
Five years of cash, in billions
| Revenue | |||||
| Revenue | $911m | $1.3bn | $1.5bn | $1.6bn | $1.7bn |
| Operating margin | |||||
| Operating margin | 11.7% | 8.4% | 12.5% | 15.6% | 16.4% |
| Debt to equity | |||||
| Debt to equity | 4.27 | 0.33 | 0.32 | 0.33 | 0.32 |
| Shares outstanding | |||||
| Shares outstanding | 0.18bn | 0.17bn | 0.17bn | 0.17bn | 0.17bn |
Health checks
- Free cash flow positiveNot enough data
- Accounting looks honest (Beneish)Nothing unusual
- Financial strength (Piotroski)7 of 9
- Profit backed by cash (accruals)Yes
- Debt0.32× equity
- Revenue growth, five yearsShrinking, 3.4% a year
- Buying back its own sharesYes, 6% fewer since 2021
The quarter to June 2026
How the business did, compared with the same quarter a year earlier.
- Sales: $491 million last quarter, up 10% on a year ago.
- Profit: $113 million, up 124% on a year ago.
- It keeps 21 cents of each $1 of sales as operating profit, up from 16 cents a year earlier.
- 1% fewer shares than a year ago. Each share owns a bit more of the company.
- Debt is $134 million more than cash, down from $294 million a year ago.
- Sales grew on a year ago in each of the last 4 quarters.
| Quarter to | Amount |
|---|---|
| September 2024 | $410m |
| December 2024 | $371m |
| March 2025 | $389m |
| June 2025 | $445m |
| September 2025 | $455m |
| December 2025 | $407m |
| March 2026 | $433m |
| June 2026 | $491m |
| Quarter to | Amount |
|---|---|
| September 2024 | $44m |
| December 2024 | $36m |
| March 2025 | $44m |
| June 2025 | $51m |
| September 2025 | $62m |
| December 2025 | $42m |
| March 2026 | $59m |
| June 2026 | $113m |
From the company's quarterly reports to the SEC.
Dates
- Next results (estimated)
- n/a
- Last annual report (10-K)
- 9 February 2026
- Next quarterly (estimated, 10-Q)
- 27 October 2026
Who owns it
1 long-term investor we follow owns it, unchanged from 1 last quarter. 435 funds in all.
| Fund | Value | Share of that fund | Change |
|---|---|---|---|
| Select Equity GroupGeorge Loening | $33m | 0.2% | Added |
Largest holders overall
- BlackRock$1.2bnAdded
- Vanguard Portfolio Management$454m
- Kayne Anderson Rudnick Investment Management$449mCut
- Vanguard Capital Management$354m
- State Street$303mAdded
- Bank of America$278mCut
- Invesco$235m
- Geode Capital Management$194mAdded
- Beck Mack & Oliver$173m
- Jupiter Topco$172m
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
4 investors own more than 5%.
- BlackRock, Inc.Passive investor13.6%Since 31 March 2025
- Aimee KatzPassive investorat least 9.1%(filed with 6 related holders)Since 13 February 2025
- Vanguard Portfolio ManagementPassive investor5.4%Since 31 March 2026
- Kayne Anderson Rudnick Investment Management, LLCPassive investor5.3%Since 30 June 2026
- Impax Asset Management Group plcPassive investorSold down below 5%Since 31 December 2024
- The Vanguard GroupPassive investorSold down below 5%Since 13 March 2026
| Holder | Stake | Since | |
|---|---|---|---|
BlackRock, Inc. Passive investor | 13.6% | 31 March 2025 | |
Aimee Katz Passive investor | at least 9.1% (filed with 6 related holders) | 13 February 2025 | |
Vanguard Portfolio Management Passive investor | 5.4% | 31 March 2026 | |
Kayne Anderson Rudnick Investment Management, LLC Passive investor | 5.3% | 30 June 2026 | |
Impax Asset Management Group plc Passive investor | Sold down below 5% | 31 December 2024 | |
The Vanguard Group Passive investor | Sold down below 5% | 13 March 2026 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
In the last 12 months, 1 insider bought $99,994 of shares on the open market. 8 sold $39m, $1m of it under preset trading plans.
- Butler Jacques DonavonDirectorBought
- Date
- 19 August 2026
- Shares
- 2,016
- Price
- $49.60
- Value
- $99,994
- PETERSON MARK WChief Administrative OfficerSold
- Date
- 4 August 2026
- Shares
- 25,000
- Price
- $53.02
- Value
- $1m
- Chhabra SudhanshuVP-Zurn Business SystemsSold
- Date
- 17 February 2026
- Shares
- 2,021
- Price
- $50.85
- Value
- $102,768
- Troutman MichaelChief Information OfficerSold
- Date
- 17 February 2026
- Shares
- 448
- Price
- $50.80
- Value
- $22,758
- PETERSON MARK WChief Administrative OfficerSold
- Date
- 17 February 2026
- Shares
- 2,006
- Price
- $50.86
- Value
- $102,025
- LaValle Jeffrey J.VP, General Counsel & Sec'ySold
- Date
- 17 February 2026
- Shares
- 447
- Price
- $50.86
- Value
- $22,734
- JAHNKE TIMOTHY JDirectorSold
- Date
- 17 February 2026
- Shares
- 25,000
- Price
- $51.18
- Value
- $1m
- Schoon Jeffrey APresidentSold
- Date
- 11 February 2026
- Shares
- 1,286
- Price
- $51.54
- Value
- $66,280
- PETERSON MARK WChief Administrative OfficerSold
- Date
- 11 February 2026
- Shares
- 3,793
- Price
- $51.48
- Value
- $195,264
- Pauli David JChief Financial OfficerSold
- Date
- 11 February 2026
- Shares
- 812
- Price
- $51.61
- Value
- $41,907
| Date | Who | Did | Shares | Price | Value |
|---|---|---|---|---|---|
| 19 August 2026 | Butler Jacques Donavon Director | Bought | 2,016 | $49.60 | $99,994 |
| 4 August 2026 | PETERSON MARK W Chief Administrative Officer | Sold | 25,000 | $53.02 | $1m |
| 17 February 2026 | Chhabra Sudhanshu VP-Zurn Business Systems | Sold | 2,021 | $50.85 | $102,768 |
| 17 February 2026 | Troutman Michael Chief Information Officer | Sold | 448 | $50.80 | $22,758 |
| 17 February 2026 | PETERSON MARK W Chief Administrative Officer | Sold | 2,006 | $50.86 | $102,025 |
| 17 February 2026 | LaValle Jeffrey J. VP, General Counsel & Sec'y | Sold | 447 | $50.86 | $22,734 |
| 17 February 2026 | JAHNKE TIMOTHY J Director | Sold | 25,000 | $51.18 | $1m |
| 11 February 2026 | Schoon Jeffrey A President | Sold | 1,286 | $51.54 | $66,280 |
| 11 February 2026 | PETERSON MARK W Chief Administrative Officer | Sold | 3,793 | $51.48 | $195,264 |
| 11 February 2026 | Pauli David J Chief Financial Officer | Sold | 812 | $51.61 | $41,907 |
From Form 4 filings: insiders must report trades in their own company's shares within two days.
What could go wrong
- Sales have shrunk: 3.4% a year.
Whether the price already reflects the risks is what the deep dive is for.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.