Capital Intensity
Score how much of a company is physical plant, inventory, and equipment, whether that base is being maintained, and whether the shares have tangible backing.
Xylem Inc
Physical assets are 12.1% of total assets, a light footprint. Capex is 0.64x depreciation while free cash flow yield is positive, which can mean an aging base that is still throwing off cash. ROIC is 8.9%, above an 8% cost-of-capital hurdle.
Energy, materials, and industrial names often turn net PP&E at about 1x to 3x. This name is at 7.80x.
Physical asset ratio
12.1%
Net PP&E plus inventory, divided by total assets. Above 50% is a heavy footprint.
Fixed asset turnover
7.80x
Revenue per dollar of the physical asset base.
Capex / D&A
0.64x
Above 1.0x means the physical base is being replaced or expanded.
Tangible book / share
€4.69
Assets minus goodwill, intangibles, and liabilities, per share.
Price / tangible book
19.60x
Price €91.97.
Fixed-charge coverage
2.72x
EBITDA minus capex, divided by interest plus short-term debt.
FCF yield
4.1%
Latest free cash flow divided by current market cap (€21.48B).
ROIC
8.9%
After-tax operating income over equity plus debt minus cash.
Operating income / net PP&E is 1.14x.
Footprint and return
Turnover and reinvestment
| Year | Physical | FAT | Capex/D&A | TBV/sh | Coverage | FCF | ROIC | EBIT/PP&E |
|---|---|---|---|---|---|---|---|---|
| 2018 | 17.3% | 7.94x | 0.91x | -€7.87 | 2.10x | €349.00M | 12.8% | 1.00x |
| 2019 | 18.7% | 5.84x | 0.88x | -€5.77 | 2.10x | €613.00M | 14.7% | 0.77x |
| 2020 | 17.0% | 5.25x | 0.73x | -€5.36 | 0.82x | €641.00M | 10.6% | 0.53x |
| 2021 | 19.9% | 5.48x | 0.85x | -€3.21 | 4.30x | €330.00M | 11.2% | 0.62x |
| 2022 | 21.9% | 5.87x | 0.88x | -€0.81 | 2.82x | €388.00M | 11.2% | 0.66x |
| 2023 | 16.3% | 4.60x | 0.62x | €0.28 | 13.06x | €566.00M | 5.4% | 0.41x |
| 2024 | 13.0% | 7.43x | 0.57x | €2.15 | 16.73x | €942.00M | 7.1% | 0.88x |
| 2025 | 12.1% | 7.80x | 0.64x | €4.69 | 2.72x | €873.06M | 8.9% | 1.14x |
- Receivables are larger than the physical asset base, so a finance or credit book may sit outside the physical ratio and inside the debt used for coverage.
- Principal due is the current portion of debt.
Latest year inputs (2025)
Net PP&E: €1.16B
Inventory: €983.07M
Total assets: €17.64B
Goodwill: €8.33B
Intangibles: €2.27B
Liabilities: €5.89B
Tangible book: €1.15B
Shares: 244,000,000
Revenue: €9.04B
Capex: €368.03M
D&A: €575.04M
EBITDA: €1.90B
Interest: €29.00M
Short-term debt: €534.00M
Free cash flow: €873.06M
Operating income: €1.32B
Invested capital: €11.94B
Tax rate: 19.6%