TacticScaleWhat Mueller Water Products Does & How It Makes Money (MWA)
Updated October 2026 · reflects Mueller Water Products's latest reported financials
Maker of valves, fire hydrants, and water meters for municipal water systems. It makes money mainly by selling valves, hydrants, meters, repair products, and tapping tools to water utilities and construction projects.
How Mueller Water Products makes money
It makes money mainly by selling valves, hydrants, meters, repair products, and tapping tools to water utilities and construction projects. It also earns revenue from leak detection, pipe condition assessment, and network analytics services.
What Mueller Water Products does
Mueller Water Products, founded in 1857 and based in Atlanta, supplies the equipment used to carry, control, and measure water. Its Water Flow Solutions segment makes valves, including iron gate, butterfly, tapping, check, knife, plug, and ball valves, plus service brass products. These are used in potable and non-potable water distribution and transmission, water treatment plants, and industrial settings. The Water Management Solutions segment covers dry-barrel and wet-barrel fire hydrants, pipe repair products such as couplings, grips, and clamps, residential and commercial water meters, leak detection and pipe condition assessment, tapping and drilling machines, and gas distribution valves. It also sells intelligent water solutions such as pressure management and network analytics. The company serves municipalities and residential and non-residential construction across the US, Canada, and other countries under brands including Mueller, U.S. Pipe Valve and Hydrant, Singer, Krausz, HYMAX, Hersey, Echologics, and Sentryx.
Products & services
- Mueller fire hydrants and iron gate valves
- Singer pressure control valves
- Krausz and HYMAX pipe repair couplings
- Mueller Systems and Hersey water meters
- Echologics leak detection and pipe condition assessment
- Sentryx intelligent water platform
What is Mueller Water Products worth?
On an owner-earnings DCF, Mueller Water Products's most-likely value is about $26 versus a recent price near $22 (21% below fair value). But TacticScale only calls a stock undervalued when the price sits below its conservative no-growth floor (~$13) with a margin of safety — so the honest verdict here is “Fairly priced — no edge.” Fair value earns its keep only at the extremes, not in the wide middle.
Price sits in the normal range — fair value isn't actionable here; it earns its keep only when price drops below the no-growth floor, or runs to roughly double the optimistic case.
Analysis, not advice. Fair value is a margin-of-safety estimate from a deterministic owner-earnings DCF, not a price target or recommendation. See the full breakdown →
Related companies
Mueller Industries (MLI) · Badger Meter (BMI) · Watts Water Technologies (WTS) · Zurn Elkay Water Solutions (ZWS) · Ferguson Enterprises (FERG)