Quick Facts / Company Snapshot
| Data Point | Details |
| Official Name | Xylem Inc. |
| Ticker Symbol | NYSE: XYL |
| Headquarters | 301 Water Street SE, Washington, DC 20003 |
| Total Revenue (2025) | $9,035 million |
| Net Profit (2025) | $957 million |
| Operating Income (2025) | $1,223 million |
| EBITDA (2025) | $1,798 million |
| Total Assets (2025) | $18,456 million |
| Total Equity (2025) | $10,234 million |
| Total Debt (2025) | $2,485 million |
| Cash and Cash Equivalents | $1,479 million |
| Employee Count | Approximately 22,000 |
| President and CEO | Matthew F. Pine |
| SVP and CFO | William Grogan |
| Independent Board Chair | Robert Friel |
| Market Coverage | Approximately 150 countries |
| Manufacturing Footprint | ~400 locations in 50+ countries |
| Total Property Area | ~15 million square feet |
| Year of Incorporation | 2011 (as a spinoff from ITT Corporation) |
| State of Incorporation | Indiana |
Company Overview
Xylem Inc. stands as a titan in the global water technology landscape, dedicated to solving the most complex water challenges through innovation and engineering. The organization operates on a massive scale, generating $9,035 million in annual revenue and employing a global workforce of 22,000 specialists. The core mission of the firm is to enable a world where water issues no longer restrict health, prosperity, or sustainable development.
The business model is built around the entire water cycle. This includes the delivery and treatment of drinking water, the measurement and analysis of water usage, and the collection and return of treated wastewater to the environment. The company has secured differentiated market positions in critical applications like dewatering, smart metering, and digital software solutions.
A cornerstone of the firm’s value proposition is its extensive installed base of products. This physical presence across the globe ensures a steady stream of recurring revenue from parts, maintenance, and specialized services. Furthermore, the company leverages a global distribution network that combines a direct sales force with independent channel partners to reach customers in roughly 150 countries.
- The company maintains a significant global footprint with 15 million square feet of property across 400 locations.
- A strong financial position is evidenced by $1,479 million in cash and cash equivalents at the end of 2025.
- The organization focuses on four key pillars: water affordability, water quality, infrastructure resilience, and addressing water scarcity.
The strategy for 2025 and beyond is rooted in “Customer Centricity” and “Operational Excellence.” By utilizing the 80/20 principle, the leadership team focuses on the most impactful opportunities to drive value and optimize the product portfolio. This disciplined execution is designed to deliver consistent financial performance and long-term value for all stakeholders.
Business Segments
The company manages its global operations through four distinct reportable segments. Each segment is strategically aligned to address specific market applications within the water sector.
1. Water Infrastructure
The Water Infrastructure segment is the largest division, focusing on the transport, treatment, and testing of water. This segment serves municipal, industrial, and agricultural customers.
- Revenue (2025): $2,636 million
- Percentage of Total Revenue: 29.2%
- Operating Income: $462 million
Operational Scope:
This segment manages the collection and transport of wastewater and stormwater. It also provides the technology necessary for the secondary and tertiary treatment of water. Key offerings include large-scale pumps, filtration systems, and disinfection technologies.
2. Measurement and Control Solutions (M&CS)
M&CS focuses on the digital and analytical side of water management. It integrates smart technology with physical infrastructure to provide data-driven insights.
- Revenue (2025): $2,084 million
- Percentage of Total Revenue: 23.1%
- Operating Income: $244 million
Operational Scope:
This division provides smart metering, network communications, and advanced infrastructure analytics. It is a leader in leak detection and pressure management, helping utilities reduce “non-revenue water”—the water lost to leaks or theft before it reaches the customer.
3. Applied Water
The Applied Water segment serves the building and industrial sectors. It provides energy-efficient solutions for water delivery and heat transfer.
- Revenue (2025): $1,849 million
- Percentage of Total Revenue: 20.5%
- Operating Income: $312 million
Operational Scope:
Applied Water targets two primary sub-sectors: Building Solutions (Commercial and Residential) and Industrial Water. It provides the pumps and systems needed for HVAC, fire protection, and industrial processing.
4. Water Solutions and Services (WSS)
WSS was significantly expanded following the acquisition of Evoqua in 2023. It focuses on outsourced water services and comprehensive solutions for industrial and municipal customers.
- Revenue (2025): $2,466 million
- Percentage of Total Revenue: 27.3%
- Operating Income: $295 million
Operational Scope:
This segment offers on-site services, including the maintenance of water treatment systems and the rental of specialized water equipment. It operates an extensive network of service branches and a large rental fleet of water transfer assets.
History and Evolution
The history of the firm is a journey from a diversified industrial conglomerate to a focused global water leader. The company as it exists today was formed on October 31, 2011, following a spinoff from ITT Corporation. Upon its inception, the company inherited a portfolio of brands that, in some cases, have been in operation for over a century.
Since the spinoff, the company has pursued a strategy of aggressive inorganic growth to bolster its digital and service capabilities. A transformative moment occurred in 2016 with the acquisition of Sensus, a leader in smart metering and communication technology. This move firmly established the company in the “Smart Water” space.
- In 2018, the acquisition of Pure Technologies added advanced infrastructure diagnostics to the portfolio.
- The 2023 acquisition of Evoqua Water Technologies, valued at roughly $7.5 billion, was a landmark event that dramatically scaled the company’s service and treatment capabilities.
- In 2024, the company secured a majority stake in Idrica, an intelligent water management software firm.
The evolution continued in 2025 with the buyout of Vacom Systems, a specialist in wastewater treatment solutions. Today, the organization has shifted from being a product-centric manufacturer to a solutions-centric technology and services provider. This transformation is aimed at capturing a larger share of the estimated $800 billion total addressable water market.
Products and Services
The product portfolio is one of the broadest in the industry, covering every stage of the water cycle.
Transport and Dewatering Systems
These products are designed to move water from one location to another, often under harsh conditions.
- Revenue (2025): Approximately $1,556 million (within the Infrastructure segment)
- Description: Includes submersible pumps, centrifugal pumps, and specialized dewatering equipment used in mining, construction, and municipal wastewater systems.
Treatment and Disinfection Equipment
These systems ensure that water is safe for consumption or discharge.
- Revenue (2025): Approximately $1,080 million (within the Infrastructure segment)
- Description: Includes ozone and UV disinfection systems, biological treatment processes, and advanced filtration media like the Leopold brand filters.
Smart Metering and Communication Networks
A core part of the M&CS segment, these products enable the “Internet of Water.”
- Description: Smart meters for water, gas, and electricity that provide real-time data on consumption. The FlexNet communication network allows for two-way communication between the utility and the end-point.
Building and Industrial Pumps
These are the workhorses of the Applied Water segment.
- Description: Centrifugal pumps for HVAC systems, fire-fighting pump systems, and specialized dispensers for the food and beverage industry.
Brand Portfolio
The organization manages a “house of brands” strategy, maintaining the market-leading status of individual brands while integrating them into a unified solution offering.
Flygt
- Description: The world’s leading manufacturer of submersible pumps and mixers. It is a critical brand for the Water Infrastructure segment.
- Revenue Contribution: Included in the $2,636 million Infrastructure revenue.
Sensus
- Description: A leader in smart metering and data analytics. It provides the technological backbone for the M&CS segment.
- Revenue Contribution: Included in the $2,084 million M&CS revenue.
Bell & Gossett
- Description: A premier brand for pumps, valves, and heat exchangers used in commercial building HVAC systems.
- Revenue Contribution: Primary driver for the $1,037 million Building Solutions sub-segment.
Godwin
- Description: Famous for its “Dri-Prime” automatic self-priming pumps, Godwin is the gold standard for temporary dewatering and bypass applications.
Wedeco
- Description: Specializes in chemical-free water treatment using ultraviolet (UV) light and ozone.
Geographical Presence
The company’s operations are truly global, with a massive footprint in both developed and emerging markets.
United States
- Revenue (2025): $5,209 million
- Percentage of Total Revenue: 57.7%
- Footprint: The U.S. is the largest market and home to the corporate headquarters in Washington, D.C. The company owns several major manufacturing sites, including a 267,000 square foot facility in Thomasville, GA.
Western Europe
- Revenue (2025): $1,839 million
- Percentage of Total Revenue: 20.4%
- Footprint: A critical manufacturing hub. The company owns a 1,197,000 square foot administrative and manufacturing site in Emmaboda, Sweden, which is the primary production center for Flygt pumps.
Emerging Markets
- Revenue (2025): $1,221 million
- Percentage of Total Revenue: 13.5%
- Footprint: Includes major operations in China, where the company owns a 271,000 square foot manufacturing facility in Shenyang.
Other Regions (Asia Pacific, Latin America, etc.)
- Revenue (2025): $766 million
- Percentage of Total Revenue: 8.5%
Profit and Loss (Income Statement)
The following table summarizes the financial performance for the fiscal year ended December 31, 2025.
| P&L Category | 2025 (In Millions) | 2024 (In Millions) |
| Total Revenue | $9,035 | $8,562 |
| Cost of Revenue | $5,560 | $5,350 |
| Gross Profit | $3,475 | $3,212 |
| Selling, General & Administrative | $1,922 | $1,848 |
| Research & Development | $233 | $215 |
| Restructuring & Realignment | $103 | $60 |
| Operating Income | $1,223 | $1,109 |
| Interest Expense, net | $2 | $16 |
| Income Before Taxes | $1,221 | $1,093 |
| Income Tax Expense | $259 | $198 |
| Net Income Attributable to Xylem | $957 | $890 |
Financial Ratios & Metrics:
- Gross Margin: 38.5% (compared to 37.5% in 2024).
- Operating Margin: 13.5%.
- Effective Tax Rate: 21.2%.
- Diluted EPS: $3.93.
Balance Sheet
The balance sheet reflects a robust asset base and a strong equity position following the major acquisition activities of recent years.
| Balance Sheet Category | 2025 (In Millions) | 2024 (In Millions) |
| Cash and Cash Equivalents | $1,479 | $1,121 |
| Receivables, net | $1,971 | $1,894 |
| Inventories, net | $1,343 | $1,299 |
| Total Current Assets | $5,312 | $4,846 |
| Property, Plant & Equipment, net | $1,159 | $1,152 |
| Goodwill | $8,521 | $8,542 |
| Intangible Assets, net | $2,785 | $3,056 |
| Total Assets | $18,456 | $18,367 |
| Current Liabilities | $2,583 | $2,572 |
| Long-term Debt | $2,485 | $2,581 |
| Total Liabilities | $8,222 | $8,642 |
| Total Xylem Stockholders’ Equity | $10,234 | $9,725 |
Cash Flow
The company’s ability to generate cash remains a key strength, allowing for debt reduction and shareholder returns.
| Cash Flow Category | 2025 (In Millions) | 2024 (In Millions) |
| Net Cash from Operating Activities | $1,368 | $1,059 |
| Net Cash from Investing Activities | ($176) | ($279) |
| Net Cash from Financing Activities | ($834) | ($678) |
| Capital Expenditures | ($240) | ($282) |
| Dividends Paid | ($360) | ($341) |
| Free Cash Flow | $1,128 | $777 |
Board of Directors and Leadership Team
The company is led by a diverse board of directors and an experienced executive team.
Executive Officers
- Matthew F. Pine (President and CEO): Joined the company in 2020 and became CEO in 2024. He previously served as COO and has extensive experience in the industrial and building systems sectors.
- William Grogan (Senior Vice President and CFO): Responsible for global financial operations, including accounting, treasury, and investor relations.
- Dorothy Capers (Senior Vice President and General Counsel): Oversees all legal, compliance, and regulatory matters globally.
Board of Directors
- Robert Friel (Independent Chair): Former CEO of PerkinElmer. He provides oversight on strategic direction and governance.
- Uday Yadav: Member of the Audit and Finance Committees.
- Lila Karbassi: Member of the Leadership Development & Compensation and Sustainability & Innovation Committees.
Subsidiaries, Associates, and Joint Ventures
The company operates through hundreds of legal entities. Key major subsidiaries and holdings include:
- Evoqua Water Technologies LLC: The primary entity for the Water Solutions and Services segment.
- Sensus USA Inc.: Manages the smart metering and communication technology business.
- Idrica (Majority Stake): A water management software firm that provides the “GoAigua” technology platform. The company has a “Put Right” agreement with the minority holders of Idrica, exercisable after December 10, 2027, with a fixed strike price of €168 million.
- Xylem Water Solutions Sweden AB: The entity that owns and operates the massive Emmaboda production facility.
Physical Properties
The company maintains a vast network of facilities to support its global operations.
- Total Facilities: Approximately 400 locations in more than 50 countries.
- Owned vs. Leased: About 300 locations (9 million sq. ft.) are leased, while the remaining 6 million sq. ft. are owned.
- Emmaboda, Sweden: 1,197,000 sq. ft. (Owned) – Infrastructure Segment.
- Thomasville, GA, USA: 267,000 sq. ft. (Owned) – Water Infrastructure Segment.
- Shenyang, China: 271,000 sq. ft. (Owned) – Applied Water/Infrastructure.
- Montevideo, MN, USA: 175,000 sq. ft. (Owned) – Water Infrastructure Segment.
Founders
Xylem was not founded by a single individual but was created through a corporate spinoff from ITT Corporation in 2011. The spinoff was led by the executive team and board of ITT at the time to unlock value by creating three independent, specialized companies.
Parent
Xylem Inc. is the ultimate parent company of the group. It is a publicly-traded corporation and does not have a parent company.
Investments and Capital Expenditure Plans
The organization is committed to maintaining its technological lead through steady investment.
- R&D Spending: In 2025, the company invested $233 million in Research and Development, representing roughly 2.6% of revenue.
- Capital Expenditures: The 2025 Capex budget was $240 million, primarily focused on manufacturing automation and digital infrastructure.
- Strategic Priorities: Future investments are targeted at “Smart Water” applications, AI-driven leak detection, and expanding the service branch network in emerging markets.
Shareholding Pattern
The company is widely held by institutional and public investors.
- Total Outstanding Shares: 243,141,405 (as of February 2026).
- Institutional Holdings: The vast majority of shares are held by large investment firms, including The Vanguard Group, BlackRock, and State Street Corporation.
- Aggregate Market Value: As of June 30, 2025, the market value of common stock held by non-affiliates was approximately $31.0 billion.
Future Strategy
The management has outlined a clear path for the next five years, centered on “Sustainability Leadership” and “High-Impact Culture.”
- Decarbonizing the Water Sector: Developing products that significantly reduce the energy required to move and treat water.
- Corporate Water Stewardship: Helping industrial customers reduce their water footprint through recycling and reuse technologies.
- Expansion into Digital: Increasing the mix of recurring digital revenue by expanding the GoAigua platform and Sensus analytics.
- Simplification: Continuing to use the 80/20 principle to reduce complexity and improve margins across the WSS and Applied Water segments.
Key Strengths
- Massive Installed Base: A global fleet of millions of pumps and meters creates a high-barrier “moat” and consistent parts revenue.
- Dominant Market Share: Market-leading positions in submersible pumps (Flygt) and smart metering (Sensus).
- Strong Cash Generation: Free cash flow of $1.128 billion in 2025 allows for flexible capital deployment.
- Diverse Geographic and End-Market Exposure: Low reliance on any single customer or country, with 57.7% U.S. and 42.3% international revenue.
Key Challenges and Risks
- Supply Chain and Raw Materials: Volatility in the price of copper, steel, and electronic components (semiconductors) can impact margins.
- Geopolitical and Trade Risks: Tariffs and export restrictions, particularly involving operations in China, pose ongoing risks.
- Cybersecurity: As the company moves toward digital “connected” products, the risk of data breaches or system disruptions increases.
- Climate Patterns: While droughts and floods drive demand, extreme weather can also disrupt the company’s own manufacturing and supply chains.
Conclusion and Strategic Outlook
Xylem Inc. enters 2026 as the preeminent force in the global water technology market. With a record revenue of $9,035 million and a highly successful integration of the Evoqua acquisition, the company has the scale and depth to address the $800 billion global water opportunity. The transition to a more service-oriented and digital-heavy business model is clearly underway, evidenced by the $1.128 billion in free cash flow generated in 2025. As global demand for clean water increases and infrastructure continues to age, the organization is uniquely positioned to drive both social impact and financial returns.
FAQ
Q1: What does Xylem actually do?
A: Xylem is a water technology company. They design and manufacture the pumps, filters, and smart meters used by cities and factories to move, treat, and measure water.
Q2: How big is Xylem?
A: In 2025, Xylem generated over $9 billion in revenue and employed about 22,000 people globally.
Q3: Who is the CEO of Xylem?
A: Matthew F. Pine is the President and CEO, having taken the role at the start of 2024.
Q4: Where is Xylem’s headquarters?
A: The company is headquartered in Washington, D.C., at 301 Water Street SE.
Q5: What are Xylem’s main brands?
A: Some of the most famous brands include Flygt (pumps), Sensus (smart meters), Bell & Gossett (HVAC systems), and Godwin (dewatering).
Q6: Is Xylem a sustainable company?
A: Yes, sustainability is at the core of their strategy. They focus on helping customers reduce water waste and energy consumption.
Official Site: https://www.xylem.com
Source: Content on FirmsWorld.com is based on publicly available corporate filings, regulatory disclosures, annual reports, SEC 10-K filings, investor relations materials, and, where applicable, direct communications with the company.
