NYSE : XYL
Xylem Inc. — Financial statements
Industrials · Specialty Industrial Machinery · United States
Last price 94.52 USD (Oct 30, 2026, 9:46 AM EDT) · Market cap 21.68B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Xylem Inc. (XYL) reported revenue of 9.06B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 9.06B | 9.04B | 8.56B | 7.36B | 5.52B | 5.20B |
| Cost of Revenue | 5.50B | 5.56B | 5.35B | 4.65B | 3.44B | 3.22B |
| Gross Profit | 3.56B | 3.48B | 3.21B | 2.72B | 2.08B | 1.98B |
| Selling, General & Admin | 1.93B | 1.93B | 1.92B | 1.76B | 1.23B | 1.19B |
| Research & Development | 231.00M | 226.00M | 230.00M | 232.00M | 206.00M | 204.00M |
| Operating Expenses | 2.16B | 2.16B | 2.15B | 1.99B | 1.43B | 1.40B |
| Operating Income | 1.41B | 1.32B | 1.07B | 725.00M | 651.00M | 578.00M |
| Interest Expense | -38.00M | -29.00M | -44.00M | -49.00M | -50.00M | -76.00M |
| Interest & Investment Income | 27.00M | 27.00M | 28.00M | 28.00M | 16.00M | 7.00M |
| Earnings From Equity Investments | 2.00M | 2.00M | -4.00M | 9.00M | ||
| Other Non Operating Income (Expenses) | -14.00M | -4.00M | -4.00M | 8.00M | -9.00M | -2.00M |
| EBT Excluding Unusual Items | 1.38B | 1.31B | 1.04B | 712.00M | 608.00M | 516.00M |
| Merger & Restructuring Charges | -83.00M | -95.00M | -55.00M | -72.00M | -15.00M | -6.00M |
| Gain (Loss) on Sale of Investments | 152.00M | |||||
| Gain (Loss) on Sale of Assets | -1.00M | -31.00M | -46.00M | -1.00M | 1.00M | 2.00M |
| Asset Writedown | -8.00M | -7.00M | -4.00M | -14.00M | -1.00M | |
| Other Unusual Items | 43.00M | -140.00M | ||||
| Pretax Income | 1.34B | 1.18B | 1.09B | 635.00M | 440.00M | 511.00M |
| Income Tax Expense | 270.00M | 231.00M | 197.00M | 26.00M | 85.00M | 84.00M |
| Earnings From Continuing Operations | 1.07B | 950.00M | 890.00M | 609.00M | 355.00M | 427.00M |
| Minority Interest in Earnings | 11.00M | 7.00M | ||||
| Net Income | 1.08B | 957.00M | 890.00M | 609.00M | 355.00M | 427.00M |
| Net Income to Common | 1.08B | 957.00M | 890.00M | 609.00M | 355.00M | 427.00M |
| Shares Outstanding (Basic) | 238.82M | 243.37M | 242.58M | 217.01M | 180.22M | 180.25M |
| Shares Outstanding (Diluted) | 239.31M | 243.99M | 243.52M | 218.18M | 180.98M | 181.53M |
| EPS (Basic) | 4.53 | 3.93 | 3.67 | 2.81 | 1.97 | 2.37 |
| EPS (Diluted) | 4.52 | 3.92 | 3.65 | 2.79 | 1.96 | 2.35 |
| Free Cash Flow | 919.00M | 873.00M | 942.00M | 566.00M | 388.00M | 330.00M |
| Free Cash Flow Per Share | 3.84 | 3.58 | 3.87 | 2.59 | 2.14 | 1.82 |
| Dividend Per Share | 1.69 | 1.60 | 1.44 | 1.32 | 1.20 | 1.12 |
| Gross Margin | 39.32% | 38.46% | 37.52% | 36.90% | 37.74% | 38.02% |
| Operating Margin | 15.51% | 14.60% | 12.46% | 9.84% | 11.79% | 11.13% |
| Profit Margin | 11.94% | 10.59% | 10.39% | 8.27% | 6.43% | 8.22% |
| Free Cash Flow Margin | 10.14% | 9.66% | 11.00% | 7.69% | 7.03% | 6.35% |
| EBITDA | 1.97B | 1.89B | 1.63B | 1.16B | 890.00M | 824.00M |
| EBITDA Margin | 21.69% | 20.96% | 19.03% | 15.77% | 16.12% | 15.86% |
| D&A For EBITDA | 560.00M | 575.00M | 562.00M | 436.00M | 239.00M | 246.00M |
| EBIT | 1.41B | 1.32B | 1.07B | 725.00M | 651.00M | 578.00M |
| EBIT Margin | 15.51% | 14.60% | 12.46% | 9.84% | 11.79% | 11.13% |
| Effective Tax Rate | 20.13% | 19.56% | 18.12% | 4.09% | 19.32% | 16.44% |
| Revenue as Reported | 9.06B | 9.04B | 8.56B | 7.36B | 5.52B | 5.20B |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 708.00M | 1.48B | 1.12B | 1.02B | 944.00M | 1.35B |
| Cash & Short-Term Investments | 708.00M | 1.48B | 1.12B | 1.02B | 944.00M | 1.35B |
| Receivables | 1.97B | 1.76B | 1.67B | 1.62B | 1.10B | 953.00M |
| Inventory | 1.05B | 983.00M | 996.00M | 1.02B | 799.00M | 700.00M |
| Prepaid Expenses | 221.00M | 237.00M | 233.00M | 230.00M | 173.00M | 158.00M |
| Other Current Assets | 183.00M | 80.00M | ||||
| Total Current Assets | 3.95B | 4.64B | 4.10B | 3.88B | 3.01B | 3.16B |
| Property, Plant & Equipment | 1.20B | 1.67B | 1.56B | 1.60B | 940.00M | 948.00M |
| Goodwill | 8.52B | 8.33B | 7.98B | 7.59B | 2.72B | 2.79B |
| Other Intangible Assets | 2.22B | 2.27B | 2.38B | 2.53B | 930.00M | 1.02B |
| Long-Term Deferred Tax Assets | 146.00M | 226.00M | ||||
| Other Long-Term Assets | 1.43B | 721.00M | 478.00M | 510.00M | 205.00M | 134.00M |
| Total Assets | 17.33B | 17.63B | 16.49B | 16.11B | 7.95B | 8.28B |
| Accounts Payable | 1.05B | 1.01B | 1.01B | 968.00M | 723.00M | 639.00M |
| Accrued Expenses | 432.00M | 462.00M | 509.00M | 530.00M | 365.00M | 370.00M |
| Current Portion of Long-Term Debt | 530.00M | 534.00M | 38.00M | 16.00M | ||
| Current Portion of Leases | 131.00M | 121.00M | 109.00M | 106.00M | 69.00M | 69.00M |
| Current Income Taxes Payable | 227.00M | 207.00M | 201.00M | 170.00M | 186.00M | 86.00M |
| Other Current Liabilities | 467.00M | 519.00M | 473.00M | 415.00M | 247.00M | 227.00M |
| Total Current Liabilities | 2.84B | 2.86B | 2.34B | 2.21B | 1.59B | 1.39B |
| Long-Term Debt | 2.37B | 1.41B | 1.98B | 2.27B | 1.88B | 2.44B |
| Long-Term Leases | 412.00M | 318.00M | 336.00M | 249.00M | 243.00M | |
| Pension & Post-Retirement Benefits | 295.00M | 317.00M | 304.00M | 344.00M | 286.00M | 438.00M |
| Long-Term Deferred Tax Liabilities | 453.00M | 405.00M | 497.00M | 557.00M | 222.00M | 287.00M |
| Other Long-Term Liabilities | 860.00M | 487.00M | 178.00M | 226.00M | 222.00M | 251.00M |
| Total Liabilities | 6.82B | 5.88B | 5.61B | 5.94B | 4.45B | 5.05B |
| Common Stock | 3.00M | 3.00M | 3.00M | 3.00M | 2.00M | 2.00M |
| Additional Paid-In Capital | 8.80B | 8.76B | 8.69B | 8.56B | 2.13B | 2.09B |
| Retained Earnings | 4.15B | 3.71B | 3.14B | 2.60B | 2.29B | 2.15B |
| Treasury Stock | -2.38B | -768.00M | -753.00M | -733.00M | -708.00M | -656.00M |
| Comprehensive Income & Other | -307.00M | -220.00M | -435.00M | -269.00M | -226.00M | -371.00M |
| Total Common Equity | 10.27B | 11.48B | 10.64B | 10.17B | 3.49B | 3.22B |
| Minority Interest | 242.00M | 269.00M | 240.00M | 10.00M | 9.00M | 8.00M |
| Shareholders' Equity | 10.51B | 11.75B | 10.88B | 10.18B | 3.50B | 3.23B |
| Total Liabilities & Equity | 17.33B | 17.63B | 16.49B | 16.11B | 7.95B | 8.28B |
| Total Debt | 3.03B | 2.48B | 2.44B | 2.73B | 2.20B | 2.75B |
| Net Cash (Debt) | -2.32B | -996.00M | -1.32B | -1.71B | -1.25B | -1.40B |
| Net Cash Per Share | -9.69 | -4.08 | -5.43 | -7.82 | -6.93 | -7.73 |
| Filing Date Shares Outstanding | 229.33M | 243.14M | 243.05M | 241.77M | 180.28M | 179.90M |
| Total Common Shares Outstanding | 230.30M | 243.58M | 242.99M | 241.50M | 180.25M | 180.39M |
| Working Capital | 1.11B | 1.78B | 1.76B | 1.68B | 1.42B | 1.77B |
| Book Value Per Share | 44.59 | 47.13 | 43.80 | 42.09 | 19.38 | 17.84 |
| Tangible Book Value | -475.00M | 876.00M | 283.00M | 50.00M | -155.00M | -590.00M |
| Tangible Book Value Per Share | -2.06 | 3.60 | 1.16 | 0.21 | -0.86 | -3.27 |
| Land | 512.00M | 477.00M | 480.00M | 360.00M | 370.00M | |
| Machinery | 2.04B | 1.82B | 1.72B | 1.28B | 1.31B | |
| Construction In Progress | 175.00M | 228.00M | 217.00M | 106.00M | 115.00M | |
| Order Backlog | 4.62B | 5.07B | 3.60B |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 1.08B | 957.00M | 890.00M | 609.00M | 355.00M | 427.00M |
| Depreciation & Amortization | 560.00M | 575.00M | 562.00M | 436.00M | 239.00M | 246.00M |
| Loss (Gain) From Sale of Assets | 1.00M | 31.00M | 46.00M | 1.00M | -1.00M | -2.00M |
| Asset Writedown & Restructuring Costs | -10.00M | 21.00M | 30.00M | 46.00M | 18.00M | -18.00M |
| Loss (Gain) From Sale of Investments | -152.00M | |||||
| Stock-Based Compensation | 55.00M | 53.00M | 56.00M | 60.00M | 37.00M | 33.00M |
| Other Operating Activities | -102.00M | -63.00M | -57.00M | -104.00M | 50.00M | -12.00M |
| Change in Accounts Receivable | -143.00M | -55.00M | -107.00M | -87.00M | -192.00M | -70.00M |
| Change in Inventory | -19.00M | 23.00M | -41.00M | 41.00M | -147.00M | -167.00M |
| Change in Accounts Payable | 52.00M | -22.00M | 64.00M | 22.00M | 117.00M | 81.00M |
| Change in Income Taxes | 26.00M | 14.00M | -109.00M | 57.00M | -9.00M | |
| Change in Other Net Operating Assets | -230.00M | -279.00M | -42.00M | -78.00M | 63.00M | 29.00M |
| Operating Cash Flow | 1.27B | 1.24B | 1.26B | 837.00M | 596.00M | 538.00M |
| Capital Expenditures | -353.00M | -368.00M | -321.00M | -271.00M | -208.00M | -208.00M |
| Sale of Property, Plant & Equipment | 14.00M | 17.00M | 4.00M | 1.00M | 4.00M | 3.00M |
| Cash Acquisitions | -475.00M | -163.00M | -193.00M | -476.00M | ||
| Divestitures | 96.00M | 49.00M | 11.00M | 105.00M | 1.00M | 10.00M |
| Investment in Securities | -21.00M | -41.00M | -11.00M | -57.00M | -9.00M | -5.00M |
| Other Investing Activities | 43.00M | 35.00M | 28.00M | 70.00M | 21.00M | 17.00M |
| Investing Cash Flow | -696.00M | -471.00M | -482.00M | -628.00M | -191.00M | -183.00M |
| Short-Term Debt Issued | 1.00M | |||||
| Long-Term Debt Issued | 1.00M | 278.00M | ||||
| Total Debt Issued | 987.00M | 1.00M | 1.00M | 278.00M | ||
| Short-Term Debt Repaid | -268.00M | |||||
| Long-Term Debt Repaid | -82.00M | -17.00M | -160.00M | -527.00M | -600.00M | |
| Total Debt Repaid | -30.00M | -82.00M | -285.00M | -160.00M | -527.00M | -600.00M |
| Net Debt Issued (Repaid) | 957.00M | -81.00M | -284.00M | 118.00M | -527.00M | -600.00M |
| Issuance of Common Stock | 12.00M | 20.00M | 67.00M | 62.00M | 8.00M | 19.00M |
| Repurchase of Common Stock | -1.58B | -15.00M | -20.00M | -25.00M | -52.00M | -68.00M |
| Common Dividends Paid | -405.00M | -391.00M | -350.00M | -299.00M | -217.00M | -203.00M |
| Other Financing Activities | -37.00M | -34.00M | -28.00M | -13.00M | -2.00M | -3.00M |
| Financing Cash Flow | -1.05B | -501.00M | -615.00M | -157.00M | -790.00M | -855.00M |
| Foreign Exchange Rate Adjustments | -16.00M | 90.00M | -53.00M | 23.00M | -20.00M | -26.00M |
| Miscellaneous Cash Flow Adjustments | 11.00M | -1.00M | -11.00M | |||
| Net Cash Flow | -483.00M | 358.00M | 102.00M | 75.00M | -405.00M | -526.00M |
| Free Cash Flow | 919.00M | 873.00M | 942.00M | 566.00M | 388.00M | 330.00M |
| Free Cash Flow Margin | 10.14% | 9.66% | 11.00% | 7.69% | 7.03% | 6.35% |
| Free Cash Flow Per Share | 3.84 | 3.58 | 3.87 | 2.59 | 2.14 | 1.82 |
| Levered Free Cash Flow | 1.21B | 893.25M | 930.38M | 412.50M | 385.62M | 250.75M |
| Unlevered Free Cash Flow | 1.23B | 911.38M | 957.88M | 443.12M | 416.88M | 298.25M |
| Cash Interest Paid | 57.00M | 61.00M | 67.00M | 69.00M | 76.00M | 99.00M |
| Cash Income Tax Paid | 280.00M | 267.00M | 219.00M | 211.00M | 91.00M | 83.00M |
| Change in Working Capital | -314.00M | -333.00M | -112.00M | -211.00M | -102.00M | -136.00M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 21.19B | 33.16B | 28.19B | 27.57B | 19.93B | 21.62B |
| Enterprise Value | 23.51B | 34.29B | 29.31B | 29.25B | 21.17B | 22.90B |
| Last Close Price | 92.40 | 134.68 | 113.38 | 110.54 | 105.51 | 112.96 |
| PE Ratio | 20.46 | 34.65 | 31.67 | 45.27 | 56.13 | 50.64 |
| Forward PE | 16.49 | 25.14 | 25.38 | 29.33 | 36.79 | 44.27 |
| PS Ratio | 2.34 | 3.67 | 3.29 | 3.74 | 3.61 | 4.16 |
| PB Ratio | 2.07 | 2.82 | 2.59 | 2.71 | 5.69 | 6.70 |
| P/TBV Ratio | 37.85 | 99.60 | 551.39 | |||
| P/FCF Ratio | 23.06 | 37.98 | 29.92 | 48.71 | 51.36 | 65.53 |
| P/OCF Ratio | 16.66 | 26.72 | 22.32 | 32.94 | 33.44 | 40.19 |
| PEG Ratio | 1.37 | 1.97 | 1.97 | 2.07 | 2.73 | 3.69 |
| EV/Sales Ratio | 2.60 | 3.79 | 3.42 | 3.97 | 3.83 | 4.41 |
| EV/EBITDA Ratio | 11.96 | 18.11 | 17.99 | 25.19 | 23.79 | 27.80 |
| EV/EBIT Ratio | 16.73 | 26.00 | 27.47 | 40.34 | 32.52 | 39.63 |
| EV/FCF Ratio | 25.58 | 39.28 | 31.11 | 51.67 | 54.57 | 69.41 |
| Debt / Equity Ratio | 0.29 | 0.21 | 0.22 | 0.27 | 0.63 | 0.85 |
| Debt / EBITDA Ratio | 1.43 | 1.21 | 1.38 | 2.12 | 2.21 | 2.95 |
| Debt / FCF Ratio | 3.29 | 2.83 | 2.59 | 4.82 | 5.67 | 8.34 |
| Net Debt / Equity Ratio | 0.22 | 0.09 | 0.12 | 0.17 | 0.36 | 0.43 |
| Net Debt / EBITDA Ratio | 1.18 | 0.53 | 0.81 | 1.47 | 1.41 | 1.70 |
| Net Debt / FCF Ratio | 2.52 | 1.14 | 1.40 | 3.02 | 3.23 | 4.25 |
| Asset Turnover | 0.52 | 0.53 | 0.53 | 0.61 | 0.68 | 0.61 |
| Inventory Turnover | 5.27 | 5.62 | 5.31 | 5.12 | 4.59 | 5.12 |
| Quick Ratio | 0.94 | 1.13 | 1.19 | 1.20 | 1.28 | 1.66 |
| Current Ratio | 1.39 | 1.62 | 1.75 | 1.76 | 1.89 | 2.27 |
| Return on Equity (ROE) | 9.76% | 8.40% | 8.45% | 8.90% | 10.55% | 13.77% |
| Return on Assets (ROA) | 5.07% | 4.83% | 4.09% | 3.77% | 5.01% | 4.24% |
| Return on Invested Capital (ROIC) | 8.88% | 8.51% | 7.25% | 8.36% | 11.19% | 10.62% |
| Return on Capital Employed (ROCE) | 9.70% | 8.90% | 7.50% | 5.20% | 10.20% | 8.40% |
| Earnings Yield | 4.89% | 2.89% | 3.16% | 2.21% | 1.78% | 1.98% |
| FCF Yield | 4.34% | 2.63% | 3.34% | 2.05% | 1.95% | 1.53% |
| Dividend Yield | 1.86% | 1.18% | 1.24% | 1.16% | 1.08% | 0.93% |
| Payout Ratio | 38.09% | 40.86% | 39.33% | 49.10% | 61.13% | 47.54% |
| Buyback Yield / Dilution | 1.87% | -0.19% | -11.62% | -20.55% | 0.30% | -0.24% |
| Total Shareholder Return | 3.74% | 0.98% | -10.37% | -19.40% | 1.39% | 0.70% |