Xylem Inc
- Industry
- Water Utilities
- Exchange
- US
- Country
- USA
- IPO date
- Oct 13, 2011
- Employees
- 22,000
- Website
- www.xylem.com
Composite valuation range · conservative $55–$70 / fair $80–$100 / optimistic $120–$145. At $120.16, Within the optimistic intrinsic-value range · much expectation priced in.
At publication $110.1 (May 28, 2026)
Data from EODHD, shown in the reporting currency; for reference only, not investment advice.
Xylem Inc., together with its subsidiaries, engages in the design, manufacture, and servicing of engineered products and solutions for utility, industrial, and residential and commercial building services settings worldwide. It operates through Water Infrastructure; Applied Water; Measurement and Control Solutions; and Water Solutions and Services segments. The company offers water, wastewater, and storm water pumps and controls and systems; filtration, disinfection, and biological treatment equipment under the Flygt, Ionpure, Leopold, Neptune Benson, Sanitare, Wallace & Tiernan, and Wedeco brands; and pumps, valves, heat exchangers, controls, and dispensing equipment used for water and focuses on the residential, commercial and industrial markets under the Rule, Bell & Gossett, Flojet, Goulds Water Technology, Jabsco, and Lowara brands. It also provides smart meters, network communication devices, data analytics, test instruments, controls, sensor devices, software and managed services, critical infrastructure services, cloud-based analytics, and remote monitoring and data management under the Ebro, Sensus, Sentec, Smith Blair, WTW, YSI, and Xylem Vue brands. In addition, the company offers preventative maintenance services, rapid response mobile services, digitally enabled/outsourced solutions, process and wastewater treatment systems, environmental remediation, odor and corrosion control, filtration, reverse osmosis, continuous deionization, and mobile dewatering equipment and rental services; and municipal services comprising odor and corrosion control services, as well as condition assessment and asset management, and pressure monitoring solutions under the Grindex, Mar Cor, and Godwin brands. Xylem Inc. was formerly known as ITT WCO, Inc. and changed its name to Xylem Inc. in July 2011. The company was incorporated in 2011 and is headquartered in Washington, District Of Columbia.
History
Xylem Inc. was formerly known as ITT WCO, Inc.; it was incorporated in 2011 and changed its name to Xylem Inc. in July 2011, and it held its IPO on October 13, 2011. The company is headquartered in Washington, District of Columbia, and employs about 22,000 people. It operates through four segments: Water Infrastructure, Applied Water, Measurement and Control Solutions, and Water Solutions and Services, selling under a broad brand portfolio that includes Flygt, Leopold, Neptune Benson, Wallace & Tiernan and Wedeco; Bell & Gossett, Goulds Water Technology and Lowara; Sensus, WTW, YSI and Xylem Vue; and Grindex, Mar Cor and Godwin. Revenue grew from $3.771 billion in 2016 to $9.035 billion in 2025, a roughly 10% compound annual rate over the decade. A step change came with the Evoqua acquisition: goodwill rose from $2.719 billion at the end of 2022 to $7.587 billion at the end of 2023 (reaching $8.332 billion by the end of 2025), revenue rose from $5.522 billion in 2022 to $7.364 billion in 2023, and diluted shares outstanding increased from about 181.0 million to about 218.2 million over the same period. During the 2020 pandemic, revenue declined from $5.249 billion in 2019 to $4.876 billion in 2020 while operating profit remained at $367 million.
Industry position
Xylem is a global water technology platform whose products and services span the full chain of how water is sourced, conveyed, metered, monitored, treated and serviced, selling both hardware and software/services across utility, industrial, commercial and residential channels. In the first quarter of 2026 its four segments generated revenue of about $603 million (Water Infrastructure), $448 million (Applied Water), $508 million (Measurement and Control Solutions) and $566 million (Water Solutions and Services), for total revenue of $2.125 billion, reflecting a diversified platform rather than dependence on a single pump or project type. Among comparable public peers, Xylem's market capitalization of about $26.79 billion exceeded that of Pentair (about $11.86 billion), Watts Water (about $10.55 billion) and Badger Meter (about $3.69 billion), making it one of the largest water technology platforms in the group; no single peer fully overlaps with it, as Pentair is closer to water systems solutions, Watts Water is stronger in building plumbing and fluid control, and Badger Meter is a more focused smart-metering and water-digitalization specialist, with Veralto also active as a digital player. Its differentiation comes from platform breadth, covering conveyance, treatment, metering, monitoring and services simultaneously, with sources of customer stickiness including the installed base, switching costs for utility and industrial customers replacing equipment, sensors, software platforms and service providers, engineering and project experience, service and distribution networks across utility, industrial and building applications, and emerging data accumulation from smart metering, network analytics and leak monitoring.