HIGHOutside partySupplier
single-source or limited-source suppliers
“10-K Item 1A: 'Our reliance on vendors for certain products, some of which are single-source or limited-source suppliers'”
MWA · Concentration risk · 10-K extracted
MUELLER WATER PRODUCTS (MWA) concentration risks
Updated
The most significant concentration MUELLER WATER PRODUCTS discloses is single-source or limited-source suppliers, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
Show full disclosure ▾Hide full disclosure ▴
About TrendMatrix. TrendMatrix is a publisher of general securities research and market commentary. We publish on a regular schedule. All content is the same for every subscriber in a tier — we do not provide personalized investment advice and we do not take into account any individual subscriber's financial situation, investment objectives, risk tolerance, tax situation, or holdings.
Not investment advice. TrendMatrix is not a registered investment adviser. Our content is for informational and educational purposes only. Consult your own licensed investment adviser, broker, or tax professional before making any investment decision.
Conflicts and positions. The TrendMatrix editorial team frequently holds personal long-term positions in securities discussed. We disclose positions held at the time of publication on each piece. We maintain a trading-window policy: we do not initiate or close positions in the same direction as a TrendMatrix publication within 24 hours before or 72 hours after publication.
No paid promotion. TrendMatrix does not accept payment from any issuer, broker, or third party in exchange for coverage of any security. Our sole compensation is subscription revenue.
No fiduciary duty. No fiduciary, advisory, or agency relationship is created between you and TrendMatrix by reading our content or subscribing to our service.
Performance. Past performance is not indicative of future results. Performance figures reflect the published model only and do not reflect any individual subscriber's actual results.
Source: MUELLER WATER PRODUCTS’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 2 disclosed concentrations
HIGH1
MEDIUM1
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
MEDIUMOutside partyCustomer
37%
two largest distributors
“10-K Item 1: 'our two largest distributors, which together accounted for approximately 37%... of our gross sales in 2025, 2024 and 2023 fiscal years'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-06-24The company's concentration profile spans both the supply and customer sides, with the supply-side exposure carrying higher disclosed share. On the supply side, certain products are sourced from single-source or limited-source suppliers — a high-share dependency by disclosed size with no specific percentage quantified in the filing's language. The character is dependency: if a sole-source vendor experiences a disruption, there is limited or no immediate alternative, which could constrain production or compress margins. On the demand side, the two largest distributors together accounted for approximately 37% of gross sales across the most recent three fiscal years — a moderate, medium-share exposure by disclosed size. The consistency of that share across multiple years suggests a stable but meaningful dependency on a pair of wholesale distribution relationships rather than any single end-customer. A loss or renegotiation with either distributor could have a noticeable effect on volumes. Together, the exposures form a two-sided picture: a high-share supplier risk on inputs and a moderate customer-side concentration on outputs. Neither alone would likely move an investment verdict, but the combination means a stress scenario that simultaneously affects supply availability and distributor order flow would amplify the impact. Both exposures are well-disclosed, and neither appears to be a recent change in the business model.
For the engine’s reasoning on MWA’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Specialty Industrial Machinery
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| CMI | Cummins Inc. | 2 | 1 | 0 | 3 |
| AOS | A.O. Smith Corporation | 1 | 1 | 1 | 3 |
| MWA● | MUELLER WATER PRODUCTS | 1 | 1 | 0 | 2 |
| CR | Crane Company | 0 | 1 | 0 | 1 |
| AME | AMETEK, Inc. | 0 | 0 | 1 | 1 |
| BW | Babcock & Wilcox Enterprises, I | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.