Loading…
Makes water technology products including pumps, treatment systems and metering equipment for utilities and industry.
Makes water technology products including pumps, treatment systems and metering equipment for utilities and industry.
Sells pumps, meters and treatment equipment to utilities and industry, with replacement parts, repairs and service on installed equipment giving a steadier stream than new orders. The 2023 purchase of Evoqua added water-treatment services, which are billed repeatedly. It was spun out of ITT in 2011.
Moat: narrow (installed base, scale, brand). Large installed base of water infrastructure equipment drives recurring parts/service and analytics revenue.
Headquarters: Washington, D.C., US · Founded: 2011 · Employees: 22,000
Size Xylem (XYL) is a United States Industrials company (Industrial Machinery) with a market value of $22.4B, the 462nd largest of 3,117 United States companies the cockpit tracks. Shares closed at $97.83 on 6 Nov 2026.
Performance Over six months the shares fell 13.6%, against -4.8% for the median peer and -1.1% for the United States market (cap-weighted) — 9th lowest of 21 in its peer set.
Growth Revenue grew 1.8% over the last twelve months (peer median +8.1%); the operating margin is 15.9% (peer median 18.5%).
Valuation It trades at 17.4× forward earnings against a peer median of 24.4× (5th cheapest of 21).
Price implies For today's price to make sense, revenue must grow about 12% a year for seven years (Req g). Recent delivered growth is +13%, so the hurdle is -1 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 0.6 points below its cost of capital (9.3% WACC).
Backlog Backlog (remaining performance obligations) was $3.19B at 30 Sep 2026, up 61% on a year earlier — 0.4 years of trailing revenue. Backlog detail →
Credit Xylem has 8 bonds outstanding ($3.90B), rated BBB by the agencies and trading like A- at a weighted spread of 74 bp.
Short interest Short interest is 4.4% of the free float (15 Oct 2026).
Next results Next results expected around 9 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $9.05B | $9.03B | $8.56B | $7.37B | $5.54B |
| Revenue growth | — | +5% | +16% | +33% | — |
| Gross profit | $3.59B | $3.47B | $3.21B | $2.72B | $2.10B |
| EBITDA | $2.00B | $1.89B | $1.64B | $1.17B | $901M |
| Net income | $1.08B | $957M | $890M | $609M | $355M |
| Free cash flow | $884M | $873M | $942M | $566M | $388M |
| Capital expenditure | $388M | $368M | $321M | $271M | $208M |
| Total debt | $3.03B | $2.51B | $2.37B | $2.66B | $2.20B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Xylem XYL | $22.4B | -14% | +2% | 16% | 17.4× | 12.1% |
| Veralto VLTO | $28.5B | +35% | +6% | 22% | 24.6× | 8.3% |
| Pentair PNR | $10.9B | -11% | -4% | 22% | 13.2× | 7.1% |
| Watts Water Technologies WTS | $11.6B | +17% | +17% | 19% | 24.6× | 15.8% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | XYL | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -4.1% | -7.0% | 9th highest of 21 |
| 6-month return | -13.6% | -4.8% | 9th lowest of 21 |
| Distance from 52-week high | -35.2% | -29.3% | 10th lowest of 21 |
| Revenue growth (TTM) | +1.8% | +8.1% | 3rd lowest of 21 |
| Operating margin | 15.9% | 18.5% | 8th lowest of 21 |
| Forward P/E | 17.4× | 24.4× | 5th cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | 12.1% | 16.5% | 4th least demanding of 19 |
| Growth delivered (Del g) | +13.1% | +9.2% | 7th highest of 19 |
| Hurdle (Req g minus delivered) | -1.1 pp | +7.0 pp | 4th least demanding of 19 |
| ROIC minus cost of capital | -0.6 pp | +4.3 pp | 5th lowest of 20 |
| EV / EBITDA | 12.5× | 17.6× | 3rd cheapest of 15 |
| Net debt / EBITDA | 1.2× | 0.9× | 6th most indebted of 16 |
| Bond spread | 74 bp | 76 bp | 2nd tightest of 7 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Xylem XYL | United States | $22.4B | -14% | +2% | 16% | 17.4× | 12.1% | +13.1% |
| Alfa Laval ALFA.ST | Sweden | $22.5B | 0% | +4% | 18% | 24.2× | 7.9% | +10.9% |
| SYM SYM | United States | $22.3B | -30% | +20% | 1% | 101.9× | n/a | n/a |
| Smc 6273.T | Japan | $21.9B | -27% | +16% | 24% | 15.9× | 16.2% | +8.8% |
| Zhejiang Sanhua Intelligent Controls 002050.SZ | China | $21.5B | -28% | +3% | 15% | 33.3× | 23.8% | +20.8% |
| VAT VACN.SW | Switzerland | $19.0B | -11% | -2% | 25% | 48.2× | 25.8% | +9.2% |
| Woodward WWD | United States | $18.7B | -14% | +22% | 16% | 31.0× | 18.9% | +7.4% |
| Dover DOV | United States | $27.1B | -7% | +8% | 18% | 17.6× | 12.2% | +3.9% |
| Veralto VLTO | United States | $28.5B | +35% | +6% | 22% | 24.6× | 8.3% | +4.8% |
| Nordson NDSN | United States | $17.3B | +10% | +7% | 27% | 24.5× | 15.4% | +5.6% |
| IDEX IEX | United States | $16.7B | +5% | +7% | 21% | 23.7× | 14.7% | +8.0% |
| Fanuc 6954.T | Japan | $31.2B | -23% | +13% | 23% | 22.0× | 16.9% | +9.2% |
| Gree Electric Appliances, Inc. of Zhuhai 000651.SZ | China | $31.2B | -3% | -11% | 16% | 8.6× | -16.4% | 0.0% |
| Ingersoll Rand IR | United States | $31.9B | +10% | +8% | 19% | 21.8× | 17.3% | +14.0% |
| Ihi 7013.T | Japan | $15.4B | -20% | +8% | 10% | 12.7× | 16.7% | +8.1% |
| Lincoln Electric LECO | United States | $14.9B | +2% | +11% | 18% | 22.0× | 13.3% | +9.7% |
| ACM Research (Shanghai) 688082.SS | China | $14.6B | +30% | +9% | 15% | 54.1× | n/a | n/a |
| ASM International ASM.AS | Netherlands | $35.5B | -28% | +13% | 31% | 27.0× | 30.0% | +19.0% |
| Eoptolink Technology 300502.SZ | China | $36.0B | -54% | +101% | 44% | 12.3× | 21.7% | +65.5% |
| Advanced Micro-Fabrication Equipment Inc. China 688012.SS | China | $36.5B | +1% | +26% | 12% | 51.5× | 51.7% | +40.3% |
| Lifco LIFCO-B.ST | Sweden | $13.1B | +1% | +7% | 19% | 29.3× | 15.2% | +15.4% |
Xylem has 8 bonds outstanding with $3.90B face value. The agencies rate it BBB; its bonds trade like A-. Weighted yield 5.45%, a spread of 74 bp over government bonds.
Xylem reported $3.19B of remaining performance obligations at 30 Sep 2026, up 61% from a year earlier and up 9% from the previous quarter. That is 0.4 years of trailing revenue already under contract. Book-to-bill last quarter: 1.12.