WTS · Watts Water Technologies Inc - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $677.30M | - | $611.70M | $643.70M | $558.00M | - | $543.60M | $597.30M | $570.90M | - |
| Cost of Revenue | $351.20M | - | $313.30M | $317.80M | $285.50M | - | $286.50M | $312.50M | $303.40M | - |
| Gross Profit | $326.10M | - | $298.40M | $325.90M | $272.50M | - | $257.10M | $284.80M | $267.50M | - |
| R&D | $19.20M | - | $18.80M | $17.40M | $16.80M | - | $17.60M | $17.90M | $18.50M | - |
| SG&A | $192.90M | - | $185.10M | $187.20M | $167.50M | - | $159.00M | $173.10M | $169.60M | - |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | $15.40M | - | $14.20M | $14.50M | $13.70M | - | $14.00M | $13.50M | $13.30M | - |
| Operating Income | $133.00M | - | $111.40M | $135.30M | $87.70M | - | $93.20M | $111.50M | $96.70M | - |
| Interest Expense | $2.60M | - | $2.70M | $4.10M | $2.70M | - | $1.20M | $4.10M | $4.20M | - |
| Income Tax | $31.80M | - | $28.80M | $33.80M | $12.90M | - | $23.20M | $27.50M | $22.60M | - |
| Net Income | $99.60M | - | $82.20M | $100.90M | $74.00M | - | $69.10M | $82.00M | $72.60M | - |
| EPS - Basic | $2.97 | - | $2.45 | $3.01 | $2.21 | - | $2.07 | $2.44 | $2.17 | - |
| EPS - Diluted | $2.97 | - | $2.45 | $3.01 | $2.21 | - | $2.06 | $2.44 | $2.17 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $374.70M | $405.50M | $457.70M | $369.30M | $336.80M | $386.90M | $303.90M | $279.40M | $237.10M | $350.10M |
| Accounts Receivable | $374.40M | $294.00M | $323.90M | $337.50M | $301.10M | $253.20M | $291.60M | $310.60M | $305.70M | $259.80M |
| Inventory | $543.10M | $524.30M | $458.70M | $448.50M | $419.10M | $392.10M | $420.40M | $426.40M | $423.60M | $399.30M |
| Accounts Payable | $188.90M | $182.20M | $156.00M | $176.90M | $158.20M | $148.00M | $141.10M | $163.20M | $162.60M | $131.80M |
| Current Assets | $1.35B | $1.29B | $1.31B | $1.21B | $1.11B | $1.08B | $1.07B | $1.06B | $1.01B | $1.06B |
| Total Assets | $2.94B | $2.88B | $2.73B | $2.64B | $2.50B | $2.40B | $2.40B | $2.38B | $2.33B | $2.31B |
| Current Liabilities | $496.00M | $512.40M | $463.90M | $468.40M | $449.50M | $417.90M | $417.50M | $424.60M | $407.30M | $405.80M |
| Long-term Debt | $197.80M | $197.70M | $197.50M | $197.30M | $197.20M | $197.00M | $211.80M | $258.70M | $283.50M | $298.30M |
| Total Liabilities | - | - | - | - | - | - | - | - | - | - |
| Stockholders' Equity | $2.10B | $2.03B | $1.96B | $1.89B | $1.77B | $1.71B | $1.69B | $1.62B | $1.55B | $1.51B |
| Retained Earnings | $1.50B | $1.43B | $1.37B | $1.31B | $1.23B | $1.18B | $1.14B | $1.09B | $1.02B | $979.10M |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $17.90M | - | - | - | $55.20M | - | - | - | $45.60M | - |
| Investing Cash Flow | ($13.20M) | - | - | - | ($79.90M) | - | - | - | ($109.80M) | - |
| Financing Cash Flow | ($34.80M) | - | - | - | ($29.90M) | - | - | - | ($44.60M) | - |
| CapEx | $11.30M | - | - | - | $9.60M | - | - | - | $10.10M | - |
| Free Cash Flow | $6.60M | - | - | - | $45.60M | - | - | - | $35.50M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 48.1% | - | 48.8% | 50.6% | 48.8% | - | 47.3% | 47.7% | 46.9% | - |
| Operating margin | 19.6% | - | 18.2% | 21.0% | 15.7% | - | 17.1% | 18.7% | 16.9% | - |
| EBITDA margin | 21.9% | - | 20.5% | 23.3% | 18.2% | - | 19.7% | 20.9% | 19.3% | - |
| Net margin | 14.7% | - | 13.4% | 15.7% | 13.3% | - | 12.7% | 13.7% | 12.7% | - |
| Free cash flow margin | 1.0% | - | - | - | 8.2% | - | - | - | 6.2% | - |
| FCF / Net income | 0.07 | - | - | - | 0.62 | - | - | - | 0.49 | - |
| R&D / Revenue | 2.8% | - | 3.1% | 2.7% | 3.0% | - | 3.2% | 3.0% | 3.2% | - |
| SG&A / Revenue | 28.5% | - | 30.3% | 29.1% | 30.0% | - | 29.2% | 29.0% | 29.7% | - |
| Effective tax rate | 24.2% | - | 25.9% | 25.1% | 14.8% | - | 25.1% | 25.1% | 23.7% | - |
| Return on assets | 3.4% | - | 3.0% | 3.8% | 3.0% | - | 2.9% | 3.4% | 3.1% | - |
| Return on equity | 4.8% | - | 4.2% | 5.3% | 4.2% | - | 4.1% | 5.1% | 4.7% | - |
| Return on invested capital | 4.4% | - | 3.8% | 4.8% | 3.8% | - | 3.7% | 4.4% | 4.0% | - |
| Liquidity | ||||||||||
| Current ratio | 2.72 | 2.51 | 2.83 | 2.59 | 2.46 | 2.59 | 2.55 | 2.50 | 2.48 | 2.61 |
| Quick ratio | 1.62 | 1.49 | 1.84 | 1.63 | 1.53 | 1.65 | 1.55 | 1.49 | 1.44 | 1.63 |
| Cash ratio | 0.76 | 0.79 | 0.99 | 0.79 | 0.75 | 0.93 | 0.73 | 0.66 | 0.58 | 0.86 |
| Leverage | ||||||||||
| Debt / Equity | 0.09 | 0.10 | 0.10 | 0.10 | 0.11 | 0.12 | 0.13 | 0.16 | 0.18 | 0.20 |
| Debt / Assets | 0.07 | 0.07 | 0.07 | 0.07 | 0.08 | 0.08 | 0.09 | 0.11 | 0.12 | 0.13 |
| Debt / EBITDA | 1.33 | - | 1.57 | 1.32 | 1.94 | - | 1.98 | 2.07 | 2.58 | - |
| Interest coverage | 51.2x | - | 41.3x | 33.0x | 32.5x | - | 77.7x | 27.2x | 23.0x | - |
| Equity multiplier | 1.40 | 1.42 | 1.39 | 1.40 | 1.41 | 1.40 | 1.42 | 1.47 | 1.50 | 1.53 |
| Liabilities / Assets | - | - | - | - | - | - | - | - | - | - |
| Efficiency | ||||||||||
| Asset turnover | 0.23 | - | 0.22 | 0.24 | 0.22 | - | 0.23 | 0.25 | 0.24 | - |
| Inventory turnover | 0.65 | - | 0.68 | 0.71 | 0.68 | - | 0.68 | 0.73 | 0.72 | - |
| Days sales outstanding | 202d | - | 193d | 191d | 197d | - | 196d | 190d | 195d | - |
| Days inventory outstanding | 564d | - | 534d | 515d | 536d | - | 536d | 498d | 510d | - |
| Days payable outstanding | 196d | - | 182d | 203d | 202d | - | 180d | 191d | 196d | - |
| Cash conversion cycle | 570d | - | 546d | 503d | 531d | - | 552d | 497d | 509d | - |
| Valuation | ||||||||||
| P / E | 96.6x | - | 113.6x | 81.7x | 92.3x | - | 100.7x | 75.2x | 97.9x | - |
| P / B | 4.6x | - | 4.8x | 4.4x | 3.9x | - | 4.1x | 3.8x | 4.6x | - |
| P / S | 14.2x | - | 15.2x | 12.8x | 12.2x | - | 12.8x | 10.3x | 12.5x | - |
| EV / EBITDA | 63.6x | - | 72.2x | 53.9x | 66.0x | - | 64.0x | 49.0x | 65.2x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 21.4% | - | 12.5% | 7.8% | -2.3% | - | 7.8% | 12.1% | 21.0% | - |
| Revenue CAGR (3y) | 12.8% | - | 7.8% | 6.9% | 6.4% | - | 6.1% | 8.5% | 11.4% | - |
| Revenue CAGR (5y) | 10.4% | - | 9.8% | 13.7% | 7.8% | - | 6.6% | 7.5% | 8.0% | - |
| Gross profit growth (YoY) | 19.7% | - | 16.1% | 14.4% | 1.9% | - | 9.7% | 12.7% | 22.7% | - |
| Operating income growth (YoY) | 51.7% | - | 19.5% | 21.3% | -9.3% | - | 7.0% | 11.1% | 14.2% | - |
| Net income growth (YoY) | 34.6% | - | 19.0% | 23.0% | 1.9% | - | 5.0% | 8.0% | 12.2% | - |
| EPS growth (YoY) | 34.4% | - | 18.9% | 23.4% | 1.8% | - | 5.1% | 8.0% | 12.4% | - |
| EPS CAGR (3y) | 15.5% | - | 11.9% | 13.3% | 11.1% | - | 14.6% | 30.0% | 20.8% | - |
| EPS CAGR (5y) | 19.3% | - | 20.4% | 38.5% | 18.6% | - | 17.0% | 18.1% | 19.0% | - |
| FCF growth (YoY) | -85.5% | - | - | - | 28.5% | - | - | - | 25.4% | - |
| FCF CAGR (5y) | -25.6% | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 18.3% | 18.7% | 15.8% | 16.9% | 14.2% | 12.9% | 16.3% | 14.4% | 15.3% | 16.4% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$5.01B totalReportable Segments Aggregation$2.58B · 51.4%
Americas Segment$1.85B · 36.8%
Europe Segment$450.70M · 9.0%
Asia Pacific Middle East And Africa Segment$140.40M · 2.8%
Product / service
$1.85B totalResidential And Commercial Flow Control$1.19B · 64.6%
HVACAnd Gas$379.70M · 20.6%
Drains And Water Reuse$163.60M · 8.9%
Water Quality$111.60M · 6.0%
Geographic
$1.60B totalAmericas$1.19B · 74.1%
Europe$314.30M · 19.6%
Asia Pacific Middle East And Africa$101.50M · 6.3%
Peer comparison
Same SIC group: Miscellaneous Fabricated Metal Products
Comparing WATTS WATER TECHNOLOGIES INC against the 5 most active filers in the same SIC group.
Dividends
$2.19/share trailing 12 months · +21.0% YoY
| Ex-date | Per share |
|---|---|
| Jun 1, 2026 | $0.6300 |
| Feb 27, 2026 | $0.5200 |
| Dec 1, 2025 | $0.5200 |
| Aug 29, 2025 | $0.5200 |
| May 30, 2025 | $0.5200 |
| Feb 28, 2025 | $0.4300 |
| Nov 29, 2024 | $0.4300 |
| Aug 30, 2024 | $0.4300 |
| May 31, 2024 | $0.4300 |
| Feb 29, 2024 | $0.3600 |
| Nov 30, 2023 | $0.3600 |
| Aug 31, 2023 | $0.3600 |
| May 31, 2023 | $0.3600 |
| Feb 28, 2023 | $0.3000 |
| Nov 30, 2022 | $0.3000 |
| Aug 31, 2022 | $0.3000 |
| May 31, 2022 | $0.3000 |
| Feb 28, 2022 | $0.2600 |
| Nov 30, 2021 | $0.2600 |
| Aug 31, 2021 | $0.2600 |
| May 28, 2021 | $0.2600 |
| Feb 26, 2021 | $0.2300 |
| Nov 30, 2020 | $0.2300 |
| Aug 31, 2020 | $0.2300 |