Xylem Inc (NYSE: XYL) is a water technology company that designs, manufactures, and services products used in the transport, treatment, testing, and management of water. Revenue is generated through equipment sales and related services across utility, industrial, commercial, and residential end markets. Xylem operates in approximately 150 countries, with 42% of net revenue generated outside the United States for the year ended December 31, 2025. The company's products are subject to a range of environmental and safety regulations, including the U.S. Safe Drinking Water Act, the Clean Water Act, and the EU's Restriction of Hazardous Substances Directive, reflecting the regulated nature of its core end markets. Certain products supplied to the medical industry are subject to Section 510(k) of the U.S. Food, Drug and Cosmetic Act. Principal currency exposures include the Euro, Swedish Krona, Canadian Dollar, Polish Zloty, British Pound, and Australian Dollar, creating material foreign exchange translation and transaction risk.

Revenue model

Xylem generates revenue through the sale of water technology equipment and related services. The business includes both short-cycle, book-and-bill transactions and longer-cycle project-based orders. Sales are transactional rather than subscription-based, with geographic diversification across approximately 150 countries (FY2025).

Products and services

Water transport, treatment, testing, and management equipment and services. Products span potable and non-potable water applications, wastewater treatment, and certain medical-industry applications subject to FDA Section 510(k) review. The company also uses U.S. FCC-licensed radio spectrum in certain product lines.

Customers and end markets

End markets include water utilities, industrial customers, commercial and residential users, and select medical industry customers. Operations are subject to federal, state, local, and foreign environmental and safety regulations, indicating heavy exposure to regulated public-utility and industrial buyers.

Value-chain role

Manufacturer and service provider of water technology equipment. Sells through direct operations and intermediaries including distributors and agents across approximately 150 countries.

Geographic exposure

58% U.S. revenue, 42% non-U.S. revenue for the year ended December 31, 2025. Significant operations outside the U.S. with principal currency exposures in Euro, Swedish Krona, Canadian Dollar, Polish Zloty, British Pound, and Australian Dollar. Translation exposure also in Chinese Yuan and Indian Rupee.

Source: SEC 10-K, filed 2026-02-25

Industry: Pumps & Pumping Equipment Peers: Dover Corp Fortive Corp Ingersoll Rand Inc IDEX Corp Illinois Tool Works Inc Nordson Corp Otis Worldwide Corp Parker-Hannifin Corp Snap-On Inc Stanley Black & Decker Inc