Company / R&D Expense
Mueller Water Products R&D Expense History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest R&D Expense
$19.9M
FY2025
5-year range
$14.3M / $25.9M
FY2021-FY2025
Trend
-2.9%
vs FY2024
Sector context
#140 of 174
Industrials
What the data says
Mueller Water Products's r&d expense of $20M is lower than 80% of companies in the Industrials sector (FY2025). R&D Expense has fluctuated over the past 10 years, ranging from $10M in FY2018 to $26M in FY2023.
Based on SEC 10-K filings.
$20M in FY2025 with a 5-year CAGR of +5.8%.
Declined from $26M to $20M over the past 2 years.
Industrials sector context is included.
R&D Expense over time
Growth rates
- 3-Year CAGR
- -6.7%
- 5-Year CAGR
- +5.8%
- 10-Year CAGR
- -
Sector benchmark
Bottom 20% in IndustrialsTop 80% of 174This company $19.9M Sector average $273.7M
▼
-92.7% below sector average
Key checks
Key Insights
- 5-year CAGR of +5.8%, indicating consistent growth.
- In FY2025, r&d expense decreased 2.9% year-over-year.
- Ranks #140 out of 174 companies in the Industrials sector.
- Peak r&d expense was recorded in FY2023.
Company context
Key Data Points
- High Piotroski F-Score: 8/9 (strong financial health signals)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | R&D ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $19.9M | -2.9% |
| FY2024 | $20.5M | -20.8% |
| FY2023 | $25.9M | +5.7% |
| FY2022 | $24.5M | +71.3% |
| FY2021 | $14.3M | -4.7% |
| FY2020 | $15.0M | +24.0% |
| FY2019 | $12.1M | +22.2% |
| FY2018 | $9.9M | -18.2% |
| FY2017 | $12.1M | +22.2% |
| FY2016 | $9.9M | -33.1% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026