--- title: "Xylem Inc.: Business Model" description: "Xylem Inc. revenue by business segment from its fiscal 2025 Form 10-K, with each part's share, growth and profitability explained." canonical: https://www.getswoopr.com/stocks/companies/xylem-inc/business-model/ source: "Swoopr Investment: https://www.getswoopr.com" --- # Xylem Inc.: Business Model & Revenue Engine ## Direct Answer Xylem Inc. reports revenue across 4 business segments in its fiscal 2025 Form 10-K. Water Infrastructure is the largest, with $2.6 billion of revenue (29% of the total), followed by Water Solutions Services at $2.5 billion (27%). ## How Does Xylem Inc. Make Money? No single line supplies a majority of revenue: the largest, Water Infrastructure, is 29%, which spreads Xylem Inc.'s exposure across several demand drivers. Between fiscal 2024 and 2025, Measurement and Control Solutions grew fastest (+11.5%) and Applied Water slowest (+3.1%), so the revenue mix tilts toward Measurement and Control Solutions while that gap lasts. | Segment | FY2025 revenue | FY2024 revenue | Share of revenue | Change | | --- | --- | --- | --- | --- | | Water Infrastructure | $2.6 billion | $2.6 billion | 29.2% | 3.2% | | Water Solutions Services | $2.5 billion | $2.3 billion | 27.3% | 5.2% | | Measurement and Control Solutions | $2.1 billion | $1.9 billion | 23.1% | 11.5% | | Applied Water | $1.8 billion | $1.8 billion | 20.5% | 3.1% | ![Bar chart of Xylem Inc. revenue by segment for fiscal 2025: Water Infrastructure 29.2%, Water Solutions Services 27.3%, Measurement and Control Solutions 23.1%, Applied Water 20.5%.](https://www.getswoopr.com/images/charts/xylem-inc-business-model-segment-mix.webp) *Xylem Inc. revenue by segment as a share of total revenue, from the table above. The largest is highlighted. Select the chart to open it full size.* ## Which Xylem Inc. Segments Earn the Most? | Segment | FY2025 segment operating income | Segment margin | | --- | --- | --- | | Water Infrastructure | $462 million | 17.5% | | Water Solutions Services | $302 million | 12.3% | | Measurement and Control Solutions | $244 million | 11.7% | | Applied Water | $312 million | 16.9% | Segment operating income is the profit measure Xylem Inc. reports to its chief operating decision maker for each segment. It usually leaves out corporate costs that are not allocated to a segment, so the segments usually add up to more than consolidated operating income, and margins are comparable within Xylem Inc. more safely than against another company. ## What Does Xylem Inc. Sell? Xylem Inc. also breaks revenue down by product and service line, which shows what customers pay for rather than how management organizes the business. | Product or service | FY2025 revenue | FY2024 revenue | Share of revenue | Change | | --- | --- | --- | --- | --- | | Product | $7.5 billion | $7.1 billion | 82.7% | 5.3% | | Service | $1.6 billion | $1.5 billion | 17.3% | 6.5% | ## What the Segment Figures Do Not Show The rows above add up to 100% of Xylem Inc.'s reported revenue for fiscal 2025; the difference is intersegment eliminations, corporate revenue or items the company reports outside its segments. Segment definitions are management's choice and change when a company reorganizes, in which case it restates prior years in the next filing, so a multi-year comparison should use the figures from a single filing. Revenue shows where sales come from, not where profit or cash is earned: a small segment can carry most of the margin. ## Where These Numbers Come From Every figure on this page is a value Xylem Inc. reported in the segment note and revenue disclosures of its Form 10-K filed February 25, 2026 (accession 0001524472-26-000012), read from the SEC's Financial Statement Data Sets. The prior-year column is the comparative figure from that same filing, so it reflects any restatement for a change in segments. Category names are the company's own XBRL labels, lightly reformatted for reading. Rows that only total other rows (for example a "Products" line beside the individual products) are left out so nothing is counted twice. This page is educational and describes reported history for fiscal 2025; it is not a forecast or a recommendation. ## Frequently Asked Questions ### What are Xylem Inc.'s business segments? In its fiscal 2025 Form 10-K, Xylem Inc. reports revenue for Water Infrastructure, Water Solutions Services, Measurement and Control Solutions and Applied Water. ### Which part of Xylem Inc. brings in the most revenue? Water Infrastructure, with $2.6 billion of revenue in fiscal 2025, or 29% of the total. ### Where does Xylem Inc. report its segment results? In the segment note to the financial statements in its Form 10-K, most recently filed February 25, 2026, alongside management's discussion of each segment's results. ## References - [SEC EDGAR: Xylem Inc. Form 10-K filed February 25, 2026](https://www.sec.gov/Archives/edgar/data/1524472/000152447226000012/xyl-20251231.htm) - [SEC EDGAR: Xylem Inc. annual and quarterly filings](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1524472&type=10-K) - [SEC: EDGAR application programming interfaces (XBRL frames and submissions data)](https://www.sec.gov/search-filings/edgar-application-programming-interfaces) - [SEC: Financial Statement Data Sets](https://www.sec.gov/data-research/sec-markets-data/financial-statement-data-sets) ## Related Pages - [Xylem Inc. company dossier](https://www.getswoopr.com/stocks/companies/xylem-inc/) - [Xylem Inc. financial metrics](https://www.getswoopr.com/stocks/companies/xylem-inc/metrics/) - [Xylem Inc. financial risk indicators](https://www.getswoopr.com/stocks/companies/xylem-inc/risks/) - [Xylem Inc. peer comparison](https://www.getswoopr.com/stocks/companies/xylem-inc/competitors/) - [Xylem Inc. business model and revenue mix](https://www.getswoopr.com/stocks/companies/xylem-inc/business-model/) - [Fundamental analysis guides](https://www.getswoopr.com/learn/fundamental-analysis/) **[Swoopr Editorial Team](https://www.getswoopr.com/authors/swoopr-editorial-team/)** Swoopr's editorial team produces independent investment education content reviewed for accuracy and clarity. We do not provide personalized financial advice. See our [editorial policy](https://www.getswoopr.com/legal/editorial-policy/) and [corrections policy](https://www.getswoopr.com/legal/corrections-policy/).