Mueller Water Products (MWA)

Return on total capital

Sep 30, 2025 Sep 30, 2024 Sep 30, 2023 Sep 30, 2022 Sep 30, 2021
Earnings before interest and tax (EBIT) US$ in thousands 260,800 183,900 126,400 115,200 117,600
Long-term debt US$ in thousands — — — — —
Total stockholders’ equity US$ in thousands 981,700 810,100 711,500 669,300 694,900
Return on total capital 26.57% 22.70% 17.77% 17.21% 16.92%

September 30, 2025 calculation

Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $260,800K ÷ ($—K + $981,700K)
= 26.57%