financial statements

The full income statement, balance sheet, and cash-flow statement for Xylem Inc. Common Stock New (XYL), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

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PeriodRangeOrderChangeYoYQoQAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Revenue	9.04B YoY+5.5%	8.56B YoY+16.3%	7.36B YoY+33.4%	5.52B YoY+6.3%	5.20B YoY+6.5%
	3.48B YoY+8.2%	3.21B YoY+18.2%	2.72B YoY+30.4%	2.08B YoY+5.5%	1.98B YoY+7.9%
Cost of revenue	5.56B YoY+3.9%	5.35B YoY+15.1%	4.65B YoY+35.2%	3.44B YoY+6.8%	3.22B YoY+5.7%
Research & development	226M YoY-1.7%	230M YoY-0.9%	232M YoY+12.6%	206M YoY+1.0%	204M YoY+9.1%
Selling, general & administrative	1.92B YoY+0.6%	1.91B YoY+8.8%	1.76B YoY+43.2%	1.23B YoY+4.1%	1.18B YoY+3.1%
Restructuring	95.0M YoY+72.7%	55.0M YoY-23.6%	72.0M YoY+380.0%	15.0M YoY+150.0%	6.00M YoY-88.9%
Amortization of intangibles	308M YoY+1.3%	304M YoY+25.1%	243M YoY+94.4%	125M YoY-1.6%	127M YoY-5.2%
Operating income	1.22B YoY+21.2%	1.01B YoY+54.8%	652M YoY+4.8%	622M YoY+6.3%	585M YoY+59.4%
Interest expense	29.0M YoY-34.1%	44.0M YoY-10.2%	49.0M YoY-2.0%	50.0M YoY-34.2%	76.0M YoY-1.3%
Other non-operating income	18.0M YoY+12.5%	16.0M YoY-51.5%	33.0M YoY+371.4%	7.00M	0.00 YoY+100.0%
Equity-method income	2.00M YoY+150.0%	-4.00M	0.00	0.00 YoY-100.0%	9.00M YoY+350.0%
Pre-tax income	1.18B YoY+8.6%	1.09B YoY+71.2%	635M YoY+44.3%	440M YoY-13.9%	511M YoY+79.3%
Income tax	231M YoY+17.3%	197M YoY+657.7%	26.0M YoY-69.4%	85.0M YoY+1.2%	84.0M YoY+171.0%
	957M YoY+7.5%	890M YoY+46.1%	609M YoY+71.5%	355M YoY-16.9%	427M YoY+68.1%
Net income to non-controlling interest	-7.00M	0.00	0.00	—	—
	$3.92 YoY+7.4%	$3.65 YoY+30.8%	$2.79 YoY+42.3%	$1.96 YoY-16.6%	$2.35 YoY+67.9%
EPS (basic)	$3.93 YoY+7.1%	$3.67 YoY+30.6%	$2.81 YoY+42.6%	$1.97 YoY-16.9%	$2.37 YoY+68.1%
Weighted-avg shares (basic)	243M YoY+0.3%	243M YoY+11.8%	217M YoY+20.4%	180M YoY-0.0%	180M YoY+0.1%
Weighted-avg shares (diluted)	244M YoY+0.2%	244M YoY+11.6%	218M YoY+20.6%	181M YoY-0.3%	182M YoY+0.2%
Dividends per share	$1.60 YoY+11.1%	$1.44 YoY+9.1%	$1.32 YoY+10.0%	$1.20 YoY+7.1%	$1.12 YoY+7.7%
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	4.64B YoY+13.3%	4.10B YoY+5.5%	3.88B YoY+29.0%	3.01B YoY-4.7%	3.16B YoY-10.3%
Cash & equivalents	1.48B YoY+31.9%	1.12B YoY+10.0%	1.02B YoY+7.9%	944M YoY-30.0%	1.35B YoY-28.1%
Short-term investments	200M YoY+0.0%	200M YoY+0.0%	200M YoY+0.0%	200M YoY+0.0%	200M YoY+0.0%
Accounts receivable	1.76B YoY+5.5%	1.67B YoY+3.2%	1.62B YoY+47.5%	1.10B YoY+15.0%	953M YoY+3.3%
Inventory	983M YoY-1.3%	996M YoY-2.2%	1.02B YoY+27.4%	799M YoY+14.1%	700M YoY+25.4%
Prepaid expenses	244M YoY+3.4%	236M YoY+2.6%	230M YoY+32.9%	173M YoY+9.5%	158M YoY-5.4%
Other current assets	56.0M YoY+0.0%	56.0M YoY+0.0%	56.0M YoY+0.0%	56.0M YoY+0.0%	56.0M YoY+0.0%
	17.6B YoY+6.9%	16.5B YoY+2.4%	16.1B YoY+102.6%	7.95B YoY-3.9%	8.28B YoY-5.4%
Property, plant & equipment	1.16B YoY+0.6%	1.15B YoY-1.5%	1.17B YoY+85.6%	630M YoY-2.2%	644M YoY-2.0%
Operating lease right-of-use	391M YoY+26.5%	309M YoY-11.2%	348M YoY+22.1%	285M YoY-6.3%	304M YoY+11.8%
Goodwill	8.33B YoY+4.4%	7.98B YoY+5.2%	7.59B YoY+179.0%	2.72B YoY-2.6%	2.79B YoY-2.2%
Intangible assets	2.27B YoY-4.5%	2.38B YoY-5.9%	2.53B YoY+171.9%	930M YoY-8.5%	1.02B YoY-7.0%
Deferred tax assets	141M YoY+12.8%	125M YoY-26.9%	171M YoY+17.1%	146M YoY-35.4%	226M YoY-11.7%
Other non-current assets	1.23B YoY+39.1%	884M YoY-6.3%	943M YoY+42.7%	661M YoY-0.5%	664M YoY+6.6%
	2.86B YoY+22.3%	2.34B YoY+5.9%	2.21B YoY+38.7%	1.59B YoY+14.3%	1.39B YoY-28.9%
Accounts payable	1.01B YoY+0.7%	1.01B YoY+3.9%	968M YoY+33.9%	723M YoY+13.1%	639M YoY+12.3%
Accrued liabilities	1.24B YoY-2.7%	1.27B YoY+4.1%	1.22B YoY+40.8%	867M YoY+15.3%	752M YoY-4.4%
Short-term & current debt	534M YoY+1305.3%	38.0M YoY+137.5%	16.0M	0.00	0.00 YoY-100.0%
Current lease liability	121M YoY+47.6%	82.0M YoY-2.4%	84.0M YoY+29.2%	65.0M YoY-5.8%	69.0M YoY+9.5%
	5.88B YoY+4.9%	5.61B YoY-5.5%	5.94B YoY+33.4%	4.45B YoY-11.9%	5.05B YoY-12.5%
Long-term debt	1.41B YoY-28.8%	1.98B YoY-12.8%	2.27B YoY+20.6%	1.88B YoY-23.0%	2.44B YoY-1.8%
Non-current lease liability	321M YoY+32.6%	242M YoY-11.0%	272M YoY+19.3%	228M YoY-6.2%	243M YoY+12.5%
Deferred tax liabilities	405M YoY-18.5%	497M YoY-10.8%	557M YoY+150.9%	222M YoY-22.6%	287M YoY+18.6%
Other non-current liabilities	89.0M YoY+0.0%	89.0M YoY+0.0%	89.0M YoY+0.0%	89.0M YoY+0.0%	89.0M YoY+0.0%
	11.5B YoY+7.9%	10.6B YoY+4.7%	10.2B YoY+191.0%	3.49B YoY+8.6%	3.22B YoY+8.4%
Common stock	3.00M YoY+0.0%	3.00M YoY+0.0%	3.00M YoY+50.0%	2.00M YoY+0.0%	2.00M YoY+0.0%
Additional paid-in capital	8.76B YoY+0.8%	8.69B YoY+1.4%	8.56B YoY+301.3%	2.13B YoY+2.2%	2.09B YoY+2.6%
Retained earnings	3.71B YoY+18.0%	3.14B YoY+20.7%	2.60B YoY+13.5%	2.29B YoY+6.4%	2.15B YoY+11.6%
Treasury stock	768M YoY+2.0%	753M YoY+2.7%	733M YoY+3.5%	708M YoY+7.9%	656M YoY+11.6%
Accumulated other comprehensive income	-220M YoY+49.4%	-435M YoY-61.7%	-269M YoY-19.0%	-226M YoY+39.1%	-371M YoY+10.2%
Non-controlling interest	11.0M YoY+120.0%	5.00M YoY-50.0%	10.0M YoY+11.1%	9.00M YoY+12.5%	8.00M YoY+0.0%
Total equity incl. non-controlling	11.5B YoY+7.9%	10.6B YoY+4.6%	10.2B YoY+190.5%	3.50B YoY+8.6%	3.23B YoY+8.4%
Total liabilities & equity	17.6B YoY+6.9%	16.5B YoY+2.4%	16.1B YoY+102.6%	7.95B YoY-3.9%	8.28B YoY-5.4%
Common shares issued	260M YoY+0.3%	259M YoY+0.6%	258M YoY+31.4%	196M YoY+0.2%	196M YoY+0.4%
Common shares outstanding	244M YoY+0.2%	243M YoY+0.6%	242M YoY+34.0%	180M YoY-0.1%	180M YoY+0.0%
Shares outstanding (cover)	243M YoY+0.2%	243M YoY+0.8%	241M YoY+33.8%	180M YoY-0.1%	180M YoY+0.1%
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	1.24B YoY-1.7%	1.26B YoY+50.9%	837M YoY+40.4%	596M YoY+10.8%	538M YoY-34.7%
Depreciation & amortization	575M YoY+2.3%	562M YoY+28.9%	436M YoY+84.7%	236M YoY-3.7%	245M YoY-2.4%
Share-based compensation	53.0M YoY-5.4%	56.0M YoY-6.7%	60.0M YoY+62.2%	37.0M YoY+12.1%	33.0M YoY+26.9%
Deferred income taxes	-35.0M YoY+2.8%	-36.0M YoY+54.4%	-79.0M YoY-23.4%	-64.0M YoY-740.0%	10.0M YoY+132.3%
Change in inventory	-23.0M YoY-156.1%	41.0M YoY+200.0%	-41.0M YoY-127.9%	147M YoY-12.0%	167M YoY+3240.0%
Change in payables	-22.0M YoY-134.4%	64.0M YoY+190.9%	22.0M YoY-81.2%	117M YoY+44.4%	81.0M YoY+307.7%
	-471M YoY+2.3%	-482M YoY+23.2%	-628M YoY-228.8%	-191M YoY-4.4%	-183M YoY-8.3%
Capital expenditure	331M YoY+3.1%	321M YoY+18.5%	271M YoY+30.3%	208M YoY+0.0%	208M YoY+13.7%
Acquisitions	163M YoY-15.5%	193M YoY-59.5%	476M	0.00	0.00
Purchases of investments	49.0M YoY+188.2%	17.0M YoY-70.7%	58.0M YoY+427.3%	11.0M	0.00 YoY-100.0%
Sales/maturities of investments	8.00M YoY+33.3%	6.00M YoY+500.0%	1.00M YoY-80.0%	5.00M	0.00 YoY-100.0%
Proceeds from sale of PP&E	17.0M YoY+325.0%	4.00M YoY+300.0%	1.00M YoY-75.0%	4.00M YoY+33.3%	3.00M
Other investing activities	0.00 YoY-100.0%	1.00M YoY+125.0%	-4.00M YoY-33.3%	-3.00M YoY+0.0%	-3.00M YoY-50.0%
	-501M YoY+18.5%	-615M YoY-291.7%	-157M YoY+80.1%	-790M YoY+7.6%	-855M YoY-280.8%
Long-term debt repaid	82.0M YoY+382.4%	17.0M YoY-89.4%	160M YoY-69.6%	527M YoY-12.2%	600M
Common stock repurchased	15.0M YoY-25.0%	20.0M YoY-20.0%	25.0M YoY-51.9%	52.0M YoY-23.5%	68.0M YoY+11.5%
Dividends paid	391M YoY+11.7%	350M YoY+17.1%	299M YoY+37.8%	217M YoY+6.9%	203M YoY+8.0%
Other financing activities	-34.0M YoY-21.4%	-28.0M YoY-115.4%	-13.0M YoY-550.0%	-2.00M YoY+33.3%	-3.00M YoY-50.0%
FX effect on cash	90.0M YoY+269.8%	-53.0M YoY-330.4%	23.0M YoY+215.0%	-20.0M YoY+23.1%	-26.0M YoY-213.0%
Net change in cash	358M YoY+251.0%	102M YoY+36.0%	75.0M YoY+118.5%	-405M YoY+23.0%	-526M YoY-145.7%
Interest paid	61.0M YoY-9.0%	67.0M YoY-2.9%	69.0M YoY-9.2%	76.0M YoY-23.2%	99.0M YoY+28.6%
Income taxes paid	267M YoY+21.9%	219M YoY+3.8%	211M YoY+131.9%	91.0M YoY+9.6%	83.0M YoY+102.4%
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Market cap	33.2B YoY+17.6%	28.2B YoY+2.2%	27.6B YoY+38.4%	19.9B YoY-7.8%	21.6B YoY+17.9%
P/E	34.6× YoY+9.4%	31.7× YoY-43.4%	56.0× YoY-10.4%	62.5× YoY+23.3%	50.6× YoY-29.9%
P/S	3.7× YoY+11.5%	3.3× YoY-19.3%	4.1× YoY+9.3%	3.7× YoY-10.4%	4.2× YoY+10.6%
P/B	2.9× YoY+9.0%	2.6× YoY-4.5%	2.8× YoY-55.2%	6.2× YoY-7.8%	6.7× YoY+8.7%
P/FCF	36.4× YoY+21.8%	29.9× YoY-44.8%	54.2× YoY-38.8%	88.5× YoY+35.1%	65.5× YoY+129.0%
Earnings yield	2.9% YoY-8.6%	3.2% YoY+76.8%	1.8% YoY+11.6%	1.6% YoY-18.9%	2.0% YoY+42.6%
FCF yield	2.7% YoY-17.9%	3.3% YoY+81.2%	1.8% YoY+63.3%	1.1% YoY-26.0%	1.5% YoY-56.3%
Dividend yield	1.2% YoY-5.3%	1.2% YoY+7.5%	1.2% YoY+6.4%	1.1% YoY+16.2%	0.9% YoY-8.6%
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: XYL's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all XYL filings on SEC EDGAR → Not investment advice.

XYL▼ financial statements

About this data

financial statements