ECL
Ecolab
$78.30Bn
279.35
+0.15%
+2.24%
Ecolab's Global Water segment provides water treatment and process applications, including cooling water, ultra pure water, and wastewater solutions for large industrial customers. The company's core identity is as a leader in water hygiene and water treatment programs.
FERG
2nd
Ferguson Enterprises
$44.34Bn
228.43
+2.34%
-4.09%
The company sells water and wastewater solutions and treatment products to residential, commercial, and industrial clients. This represents a substantive business line focused on managing and treating water systems.
IDXX
2nd
Idexx Laboratories
$42.23Bn
535.38
+1.15%
-16.40%
The company provides testing solutions and instrumentation for the detection of microbiological parameters in water, serving water utilities and public health agencies.
IR
2nd
Ingersoll Rand
$29.62Bn
76.34
+1.25%
-3.61%
The company sells its pumps and fluid handling systems specifically to water and wastewater treatment plants as a key customer market.
TDY
2nd
Teledyne Technologies
$28.32Bn
610.85
+0.52%
+12.16%
The company sells environmental instrumentation for monitoring air quality (sulfur dioxide, ozone) and water monitoring systems for wastewater detection of pathogens and contaminants.
AWK
2nd
American Water Works Company
$27.97Bn
140.72
-0.13%
+0.01%
The company operates non-regulated businesses, specifically the Military Services Group, which provides outsourced water and wastewater system operations and management for 18 military installations under long-term government contracts.
XYL
Xylem
$24.67Bn
105.67
-2.07%
-25.55%
Xylem's core business is the design, manufacture, and service of water and wastewater treatment equipment, including filtration, disinfection, and biological treatment systems. Its primary customers are water and wastewater utilities, and it provides comprehensive solutions for the entire water cycle.
VLTO
Veralto
$23.52Bn
96.31
-1.58%
-9.65%
Veralto's Water Quality segment provides precision instrumentation, consumables, and advanced water treatment technologies through brands like Hach and Trojan Technologies to treat and analyze water for municipal and industrial customers.
DD
2nd
DuPont de Nemours
$17.77Bn
131.62
+0.47%
+316.26%
The company provides comprehensive water purification and filtration technologies, including FILMTEC reverse osmosis elements and INGE ultrafiltration modules, sold to municipal utilities and industrial wastewater facilities.
WTS
2nd
Watts Water Technologies
$12.13Bn
363.30
+2.08%
+31.76%
The company has a dedicated water quality product line (5% of sales) that provides filtration, monitoring, conditioning, and scale prevention systems for point-of-use and closed-loop cooling towers.
WMS
2nd
Advanced Drainage Systems
$9.69Bn
135.81
+0.71%
-5.73%
The company provides water management solutions including water quality filters, separators, and advanced treatment units for stormwater and wastewater. These products are designed specifically for the treatment and management of water streams.
PNR
2nd
Pentair
$9.61Bn
60.22
+0.28%
-45.28%
The company has a dedicated Water Solutions segment that manufactures water treatment systems, including activated carbon products, membrane bioreactors, and point-of-entry/point-of-use filtration systems for residential and commercial use.
STN
2nd
Stantec
$8.39Bn
73.56
+0.68%
-32.37%
Stantec operates a Water business unit that designs sustainable water resources, planning, and management solutions to provide clean and safe water for communities and industry.
AOS
2nd
Smith A O
$8.22Bn
60.47
-0.10%
-14.58%
The company has a significant business line in water treatment, selling water filtration systems and reverse osmosis technology through the Pureit brand and other product lines.
ZWS
2nd
Zurn Elkay Water Solutions
$7.91Bn
47.62
-0.04%
+6.60%
The company provides water treatment and management solutions, including filtered drinking water delivery systems, bottle filling stations, and wastewater pre-treatment products like oil and grease interceptors.
PSN
2nd
Parsons
$5.09Bn
47.57
+2.63%
-39.54%
Parsons delivers design and engineering services specifically for water and wastewater treatment projects, serving customers such as the Southern Nevada Water Authority.
FELE
2nd
Franklin Electric
$4.41Bn
99.76
+0.49%
+3.35%
The company explicitly manufactures and sells water treatment systems and has expanded its offerings in this area through acquisitions such as Action Manufacturing & Supply.
ITRI
2nd
Itron
$4.25Bn
97.01
+1.53%
-19.91%
The company provides comprehensive water management solutions, including water meters and software for non-revenue water reduction and water infrastructure analytics for municipal water departments.
BMI
Badger Meter
$3.84Bn
132.48
-2.74%
-27.11%
Badger Meter's primary revenue driver is its Utility Water line (89% of sales), which provides meters, radio endpoints, and water quality sensors to municipal and private water utilities. The company focuses on water management across the full water cycle, including source, treatment, and return.
MWA
2nd
Mueller Water Products
$3.74Bn
23.95
+0.21%
-8.13%
The company provides water transmission, distribution, and measurement products, including leak detection and pressure management solutions specifically for water and wastewater utilities.
CECO
2nd
Ceco Environmental
$3.21Bn
74.10
-0.34%
+51.94%
The company provides industrial water treatment packages, oily water separation and treatment systems, and desalination solutions. It serves the water/wastewater treatment and aquaculture sectors with these specific fluid-handling and treatment capabilities.
EFXT
2nd
Enerflex
$2.71Bn
22.24
+0.68%
+117.83%
Enerflex sells and operates produced water solutions and water treatment applications as part of its Engineered Systems and Energy Infrastructure product lines.
HWKN
2nd
Hawkins
$2.68Bn
129.13
-0.15%
-22.50%
The Water Treatment segment provides chemicals, filtration media, and systems for potable and wastewater, and sells and services equipment including tanks, valves, and pumps for water treatment.
BBUC
2nd
Brookfield Business
$2.46Bn
28.03
+2.60%
-14.75%
The company provides water and wastewater services, including a private sanitation company serving millions in Brazil, matching the Water Treatment industry's scope of managing water and wastewater.
GRC
2nd
Gorman Rupp
$1.99Bn
75.37
+0.63%
+78.31%
The company specifically targets municipal water and wastewater utilities with pumps used in critical infrastructure such as flood control systems and wastewater applications.
NWPX
NWPX Infrastructure
$1.04Bn
107.68
-2.41%
+106.24%
The company is a leading manufacturer of water-related infrastructure, producing steel casing pipe, concrete cylinder pipe, and wastewater pretreatment products. Its primary business is treating and managing water through the sale of drinking water mains, sanitary sewer systems, and stormwater quality products.
ONT
2nd
Onterris
$626.72Mn
17.85
+1.36%
-39.12%
The company's 'Remediation and Reuse' segment provides engineering design and implementation services that treat contaminated water and remove pollutants from soil using advanced treatment technologies, which matches the outsourced treatment services and water management described in I-38.
CWCO
2nd
Consolidated Water
$468.49Mn
29.28
+1.04%
-10.07%
The company has a dedicated Manufacturing Operations segment that manufactures and services specialized and custom water-related products and systems for commercial, municipal, and industrial customers.
ERII
Energy Recovery
$390.46Mn
7.63
-0.26%
-46.68%
The company's core business is the design and manufacture of pressure exchangers, pumps, and turbochargers specifically for seawater desalination, brackish water desalination, and wastewater treatment. These products are sold to municipal water utilities, project developers, and industrial water treatment operators to improve efficiency in reverse osmosis installations.
CVEO
2nd
Civeo
$374.89Mn
34.09
+1.16%
+46.56%
Civeo delivers water and wastewater treatment services as part of its integrated services offering at remote work locations.
CDZI
Cadiz
$350.11Mn
4.16
+3.74%
+16.20%
Cadiz operates ATEC Water Systems, which designs, manufactures, and sells modular water filtration systems to remove contaminants like arsenic and PFAS for municipalities and public water systems. This segment is a current revenue-generating business line focused on treating and managing water.
RNGE
2nd
Range Impact
$90.65Mn
0.80
+1.27%
+400.00%
The company operates and maintains passive and active water treatment systems and performs water restoration activities as part of its Range Services segment.
AIRJW
AirJoule Technologies
$85.08Mn
1.16
+11.54%
+30.34%
AirJoule's core business is the manufacture and sale of systems (AirJoule Core and AirJoule Prime) that produce purified distilled water from ambient air for industrial and commercial clients. The company generates revenue through system sales and Water Purchase Agreements (WPAs) for the water produced.
GEOS
2nd
Geospace Technologies
$69.59Mn
5.38
+4.26%
-69.34%
Through its Smart Water segment, the company sells Aquana smart water valves, leak detection, and remote shutoff solutions to water utilities and municipalities.
FTEK
2nd
Fuel Tech
$48.39Mn
1.55
+8.39%
-45.80%
The company has a Water Treatment segment that provides DGI dissolved gas infusion systems for applications such as wastewater odor control and pH adjustment.
SCWO
2nd
374Water
$44.21Mn
3.32
+2.15%
-8.82%
The company specifically targets the municipal water and wastewater treatment market, providing systems to wastewater treatment plants and municipal water utilities like the Orange County Sanitation District.
NEPH
2nd
Nephros
$44.20Mn
4.07
-2.63%
+1.88%
The company has a Commercial segment that sells carbon-based and carbon-free filters to foodservice, hospitality, laboratories, and manufacturing facilities to remove PFAS, lead, and other contaminants from water.
SLND
2nd
Southland Holdings
$34.84Mn
0.64
+3.23%
-84.35%
The company specifically provides design and construction services for water and wastewater treatment plants and outfall structures.
BEEM
2nd
Beam Global
$31.40Mn
1.41
-0.70%
-42.21%
The company produces the BeamWell water treatment system, which is specifically identified as a product in its portfolio.
BCHT
2nd
Birchtech
$23.54Mn
1.21
+3.42%
-66.85%
The company develops water treatment systems targeting PFAS and other contaminants, selling specialized adsorbents and carbon rejuvenation services to municipal water utilities and industrial wastewater operators.
CVAT
2nd
Cavitation Technologies
$15.49Mn
0.05
+0.00%
+25.00%
The company develops and sells systems for industrial water treatment and water-oil emulsions, including a joint venture called Enviro WaterTek LLC and pilots for agricultural water-remediation with Hacienda Farms.
CLWT
Euro Tech Holdings
$12.29Mn
1.65
+3.12%
+18.71%
The company's core business is the distribution and engineering of water and wastewater treatment equipment, including ballast water treatment systems and process control instruments. It serves customers like the Hong Kong Water Supplies Department and the Drainage Services Department with these specific water-management solutions.
JBDI
2nd
JBDI Holdings
$11.89Mn
1.25
-8.09%
+28.85%
The company operates the JBD Systems segment, which provides wastewater treatment services to third-party clients and leases a wastewater treatment plant to Liquinex Group Pte Ltd.
LIQT
2nd
Liqtech International
$11.86Mn
0.57
+0.00%
-72.66%
The company produces ceramic membranes and filtration systems specifically for industrial wastewater, marine water treatment, and municipal water treatment facilities.
WFF
2nd
WF Holding
$10.28Mn
2.04
-0.97%
-57.68%
The company manufactures corrosion-resistant tanks and components specifically for customers in the water and wastewater treatment sectors.
BNET
2nd
Bion Environmental Technologies
$9.19Mn
0.16
-5.88%
+14.29%
The company develops technology for industrial wastewater plants and livestock facilities to extract nitrogen and manage ammonia control to meet regulatory discharge limits. This aligns with the provision of wastewater treatment systems and outsourced treatment services.
RAIN
Rain Enhancement Technologies Holdco
$8.79Mn
0.85
-2.30%
-82.90%
The company develops and sells atmospheric enhancement technology specifically to improve water availability and enhance rainfall and snowfall for water-scarce regions. Its core business is the management and generation of water resources for governmental entities and commercial enterprises, which aligns with the water treatment and management scope of I-38.
GNOLF
2nd
Genoil
$6.11Mn
0.01
+0.00%
+0.00%
The company develops and markets the Crystal Sea unit, which is a specialized system for separating oil from water in both offshore and onshore water treatment applications.
QWTR
Quest Water Global
$3.96Mn
0.03
+0.00%
-50.00%
Quest Water Global designs, engineers, and manufactures water purification and desalination systems, specifically the AQUAtap™ and WEPS™ product lines. The company generates significant revenue from the outright sale of these systems to commercial bottled water operators, industrial water reuse facilities, and agricultural projects.
DXST
Decent Holding
$1.68Mn
2.59
+0.00%
-91.44%
The company's primary revenue comes from wastewater treatment (32.16%) and river water quality management (51.12%), providing services such as treatment process design, installation, and maintenance for industrial and municipal clients. It specifically utilizes nanofiltration membrane separation and microbial bacteria remediation technology to treat protein-rich wastewater and restore ecological rivers.
CETI
Cyber Enviro-Tech
$1.61Mn
0.01
-50.00%
-94.12%
The company develops and commercializes water science technologies and proprietary filtration systems to treat contaminated industrial wastewater for clients in the oil and gas, meat packing, and municipal sectors.
CDTG
CDT Environmental Technology Investment Holdings
$714.12K
1.32
+46.67%
-91.34%
The company's core business is the design, manufacture, and installation of sewage treatment systems and the provision of sewage treatment services. It generates revenue from the sale of sewage treatment equipment and the operation and maintenance of decentralized rural sewage treatment plants.
MDLK
2nd
ModuLink
$0.00
0.00
—
—
The company earns revenue from the sale and licensing of its air-to-water technology, which provides decentralized sustainable water sources to reduce reliance on municipal supplies.
OCLN
Originclear
$0.00
0.00
—
—
OriginClear's primary revenue comes from its Progressive Water Treatment unit, which designs, builds, and services custom water treatment systems for municipal, industrial, and commercial customers. The company specifically provides turnkey systems for pure water applications and managed wastewater treatment.
RAKR
Rainmaker Worldwide
$0.00
0.00
—
-100.00%
Rainmaker Worldwide manufactures and sells systems for freshwater production and water purification, specifically its 'Water-to-Water' technology for purifying seawater and sewage. The company generates revenue from the sale and deployment of these water treatment systems to communities, industries, and governments.