--- title: "Xylem | 10-K: FY2025 Revenue Beats Estimate at USD 9.035 B" type: "News" locale: "en" url: "https://longbridge.com/en/news/276927376.md" datetime: "2026-02-25T18:49:15.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/276927376.md) - [en](https://longbridge.com/en/news/276927376.md) - [zh-HK](https://longbridge.com/zh-HK/news/276927376.md) --- > Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/276927376.md) | [繁體中文](https://longbridge.com/zh-HK/news/276927376.md) # Xylem | 10-K: FY2025 Revenue Beats Estimate at USD 9.035 B Revenue: As of FY2025, the actual value is USD 9.035 B, beating the estimate of USD 9.007 B. EPS: As of FY2025, the actual value is USD 3.92, beating the estimate of USD 3.659. EBIT: As of FY2025, the actual value is USD 1.252 B. #### Segment Revenue Xylem Inc. reported total revenue of $9,035 million in 2025, an increase of 5.5% from $8,562 million in 2024. This growth included $419 million in organic growth and $71 million from favorable foreign currency impacts, partially offset by a - $17 million net decline from acquisitions and divestitures . Segment 2025 Revenue (in millions) 2024 Revenue (in millions) Organic Growth % Acquisitions/(Divestitures) % Foreign Currency Translation % Total Change % Water Infrastructure $2,636 $2,555 3.4% \-1.8% 1.6% 3.2% Applied Water $1,849 $1,793 2.3% \- 0.8% 3.1% Measurement and Control Solutions $2,086 $1,871 9.2% 1.6% 0.7% 11.5% Water Solutions and Services $2,464 $2,343 5.0% 0.1% 0.1% 5.2% **Total Xylem** **$9,035** **$8,562** **4.9%** **\-0.2%** **0.8%** **5.5%** **Water Infrastructure Segment Revenue Breakdown (2025):** Transport: $1,556 million Treatment: $1,080 million **Applied Water Segment Revenue Breakdown (2025):** Building Solutions: $1,037 million Industrial Water: $812 million **Measurement and Control Solutions Segment Revenue Breakdown (2025):** Smart Metering and Other: $1,726 million Analytics: $360 million **Water Solutions and Services Segment Revenue Breakdown (2025):** Capital and Other: $1,144 million Services: $1,005 million #### Operational Metrics **Consolidated Performance (2025 vs. 2024):** **Gross Profit**: Increased to $3,475 million in 2025 from $3,212 million in 2024, an 8.2% increase . **Gross Margin**: Increased by 100 basis points to 38.5% in 2025 from 37.5% in 2024, driven by 370 basis points of favorable operational impacts (230 basis points from productivity savings, 140 basis points from price realization), partially offset by -290 basis points of unfavorable operating impacts (including -190 basis points from inflation and -60 basis points from unfavorable mix) . **Selling, General and Administrative (SG&A) Expenses**: Increased by $12 million, or 0.6%, to $1,923 million in 2025 from $1,911 million in 2024. As a percentage of revenue, SG&A decreased to 21.3% in 2025 from 22.3% in 2024 . **Research and Development (R&D) Expenses**: Were $226 million (2.5% of revenue) in 2025, compared to $230 million (2.7% of revenue) in 2024 . **Restructuring and Asset Impairment Charges**: Totaled $103 million in 2025, up from $62 million in 2024, primarily due to simplification actions across all segments, particularly Water Infrastructure and Applied Water . Employee position reductions were 1,463 in 2025, leading to estimated annual future net savings of $80 million to $120 million starting in 2026 . **Operating Income**: Increased by 21.2% to $1,223 million in 2025 from $1,009 million in 2024 . **Operating Margin**: Expanded by 170 basis points to 13.5% in 2025 from 11.8% in 2024, including 540 basis points from favorable operating impacts (330 basis points from productivity savings, 190 basis points from price realization), offset by -360 basis points of unfavorable impacts (240 basis points from inflation, -50 basis points from unfavorable mix) . **Adjusted Operating Income**: Increased by 17.4% to $1,612 million in 2025 from $1,373 million in 2024 . **Adjusted Operating Margin**: Expanded by 180 basis points to 17.8% in 2025 from 16.0% in 2024 . **Net Income attributable to Xylem Inc.**: Increased by 7.5% to $957 million in 2025 from $890 million in 2024, with a net income margin of 10.6% in 2025 compared to 10.4% in 2024 . **Adjusted Net Income**: Increased to $1,240 million in 2025 from $1,041 million in 2024, representing a 19.0% increase . **EBITDA**: Increased by 6% to $1,765 million in 2025 from $1,665 million in 2024 . **Adjusted EBITDA**: Increased by 14.0% to $2,009 million in 2025 from $1,763 million in 2024 . **Adjusted EBITDA Margin**: Expanded by 160 basis points to 22.2% in 2025 from 20.6% in 2024 . **Interest Expense**: Decreased to - $29 million in 2025 from - $44 million in 2024, primarily due to increased income on cross-currency swaps and lower debt . **Income Tax Expense**: Was $231 million in 2025 (effective tax rate of 19.5%) compared to $197 million in 2024 (effective tax rate of 18.1%) . **Segment Operating Income and Adjusted Operating Income (2025 vs. 2024):** Segment 2025 Operating Income (in millions) 2024 Operating Income (in millions) Operating Margin 2025 Operating Margin 2024 Change in Operating Margin (bp) 2025 Adjusted Operating Income (in millions) 2024 Adjusted Operating Income (in millions) Adjusted Operating Margin 2025 Adjusted Operating Margin 2024 Change in Adjusted Operating Margin (bp) Water Infrastructure $462 $356 17.5% 13.9% 360 $583 $455 22.1% 17.8% 430 Applied Water $312 $271 16.9% 15.1% 180 $340 $286 18.4% 16.0% 240 Measurement and Control Solutions $244 $247 11.7% 13.2% \-150 $353 $327 16.9% 17.5% \-60 Water Solutions and Services $302 $219 12.3% 9.3% 300 $422 $368 17.1% 15.7% 140 Corporate and other \- $97 \- $84 \- \- \- \- $86 \- $63 \- \- \- **Segment Adjusted EBITDA and Adjusted EBITDA Margin (2025 vs. 2024):** Segment 2025 Adjusted EBITDA (in millions) 2024 Adjusted EBITDA (in millions) Adjusted EBITDA Margin 2025 Adjusted EBITDA Margin 2024 Change in Adjusted EBITDA Margin (bp) Water Infrastructure $641 $529 24.3% 20.7% 360 Applied Water $378 $317 20.4% 17.7% 270 Measurement and Control Solutions $450 $395 21.6% 21.1% 50 Water Solutions and Services $595 $548 24.1% 23.4% 70 #### Cash Flow - **Net Cash Provided by Operating Activities**: Was $1,241 million in 2025, a decrease of - $22 million from $1,263 million in 2024. This decrease was mainly due to increased spending on long-term outsourced water projects, liquidation of customer advances, and higher restructuring payments, partially offset by higher cash earnings and decreased investment in net working capital . - **Free Cash Flow**: Was $910 million in 2025, a decrease of - $32 million from $942 million in 2024 . - **Net Cash Used in Investing Activities**: Was - $471 million in 2025, a decrease of - $11 million from - $482 million in 2024, reflecting increased proceeds from asset sales and less cash used for acquisitions . - **Net Cash Used in Financing Activities**: Was - $501 million in 2025, a decrease of - $114 million from - $615 million in 2024, primarily due to the repayment of a term loan in 2024 . #### Unique Metrics - **Orders**: Total orders were $8,904 million in 2025, up 2.0% from $8,730 million in 2024, with 1.6% organic growth . Orders for Water Infrastructure changed by -2.0%, Applied Water by 3.8%, Measurement and Control Solutions by 12.0%, and Water Solutions and Services by -1.6% . - **Backlog**: Total backlog was $4,615 million at December 31, 2025, a 9.0% decrease from $5,070 million at December 31, 2024. Approximately 60% of the 2025 backlog is expected to be recognized as revenue in 2026 . - **Dividends**: Dividends per share paid to shareholders increased by 11% in 2025 . - **Capitalized Software**: Net capitalized software for external sales and services was $175 million as of December 31, 2025, compared to $185 million as of December 31, 2024 . #### Outlook / Guidance Xylem Inc. anticipates total revenue growth of 1% to 3% in 2026, with organic revenue growth projected to be in the range of 2% to 4%. This outlook is based on current market conditions and expectations, acknowledging that actual results may vary due to various risks . ### Related Stocks - [Xylem Inc. 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