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 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $2.44B | $2.25B | $2.06B | $1.98B | $1.81B | $1.51B |
| Cost of Revenue | $1.23B | $1.19B | $1.10B | $1.11B | $1.04B | $883.20M |
| Gross Profit | $1.21B | $1.06B | $960.90M | $874.30M | $767.10M | $625.40M |
| R&D | $73.50M | $70.40M | $67.10M | $59.40M | $45.60M | $42.20M |
| SG&A | $734.20M | $664.40M | $604.50M | $550.50M | $508.20M | $432.40M |
| Total Operating Expenses | - | - | - | - | - | - |
| D&A | $56.80M | $54.40M | $43.30M | $39.70M | $45.10M | $46.50M |
| Operating Income | $448.10M | $390.40M | $350.90M | $315.00M | $239.60M | $181.10M |
| Interest Expense | $10.80M | $14.70M | $8.20M | $7.00M | $6.30M | $13.30M |
| Income Tax | $105.00M | $94.80M | $87.40M | $56.10M | $68.40M | $52.70M |
| Net Income | $340.80M | $291.20M | $262.10M | $251.50M | $165.70M | $114.30M |
| EPS - Basic | $10.17 | $8.70 | $7.85 | $7.51 | $4.90 | $3.37 |
| EPS - Diluted | $10.17 | $8.69 | $7.82 | $7.48 | $4.88 | $3.36 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $405.50M | $386.90M | $350.10M | $310.80M | $242.00M | $218.90M |
| Accounts Receivable | $294.00M | $253.20M | $259.80M | $233.80M | $220.90M | $197.60M |
| Inventory | $524.30M | $392.10M | $399.30M | $375.60M | $370.70M | $263.60M |
| Accounts Payable | $182.20M | $148.00M | $131.80M | $134.30M | $143.40M | $110.10M |
| Current Assets | $1.29B | $1.08B | $1.06B | $950.60M | $861.50M | $709.50M |
| Total Assets | $2.88B | $2.40B | $2.31B | $1.93B | $1.86B | $1.74B |
| Current Liabilities | $512.40M | $417.90M | $405.80M | $378.70M | $408.50M | $312.80M |
| Long-term Debt | $197.70M | $197.00M | $298.30M | $147.60M | $141.90M | $198.20M |
| Total Liabilities | - | - | - | - | - | - |
| Stockholders' Equity | $2.03B | $1.71B | $1.51B | $1.30B | $1.17B | $1.07B |
| Retained Earnings | $1.43B | $1.18B | $979.10M | $795.30M | $665.90M | $560.10M |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $402.00M | $361.10M | $310.80M | $224.00M | $180.80M | $228.80M |
| Investing Cash Flow | ($302.80M) | ($124.70M) | ($343.10M) | ($22.90M) | ($30.70M) | ($54.80M) |
| Financing Cash Flow | ($96.90M) | ($190.50M) | $69.00M | ($121.70M) | ($118.60M) | ($181.90M) |
| CapEx | $45.70M | $35.30M | $29.70M | $28.10M | $26.70M | $43.80M |
| Free Cash Flow | $356.30M | $325.80M | $281.10M | $195.90M | $154.10M | $185.00M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 49.5% | 47.2% | 46.7% | 44.2% | 42.4% | 41.5% |
| Operating margin | 18.4% | 17.3% | 17.1% | 15.9% | 13.2% | 12.0% |
| EBITDA margin | 20.7% | 19.7% | 19.2% | 17.9% | 15.7% | 15.1% |
| Net margin | 14.0% | 12.9% | 12.7% | 12.7% | 9.2% | 7.6% |
| Free cash flow margin | 14.6% | 14.5% | 13.7% | 9.9% | 8.5% | 12.3% |
| FCF / Net income | 1.05 | 1.12 | 1.07 | 0.78 | 0.93 | 1.62 |
| R&D / Revenue | 3.0% | 3.1% | 3.3% | 3.0% | 2.5% | 2.8% |
| SG&A / Revenue | 30.1% | 29.5% | 29.4% | 27.8% | 28.1% | 28.7% |
| Effective tax rate | 23.6% | 24.6% | 25.0% | 18.2% | 29.2% | 31.6% |
| Return on assets | 11.8% | 12.1% | 11.3% | 13.0% | 8.9% | 6.6% |
| Return on equity | 16.8% | 17.1% | 17.3% | 19.3% | 14.1% | 10.7% |
| Return on invested capital | 15.4% | 15.5% | 14.5% | 17.8% | 12.9% | 9.8% |
| Liquidity | ||||||
| Current ratio | 2.51 | 2.59 | 2.61 | 2.51 | 2.11 | 2.27 |
| Quick ratio | 1.49 | 1.65 | 1.63 | 1.52 | 1.20 | 1.43 |
| Cash ratio | 0.79 | 0.93 | 0.86 | 0.82 | 0.59 | 0.70 |
| Leverage | ||||||
| Debt / Equity | 0.10 | 0.12 | 0.20 | 0.11 | 0.12 | 0.19 |
| Debt / Assets | 0.07 | 0.08 | 0.13 | 0.08 | 0.08 | 0.11 |
| Debt / EBITDA | 0.39 | 0.44 | 0.76 | 0.42 | 0.50 | 0.87 |
| Interest coverage | 41.5x | 26.6x | 42.8x | 45.0x | 38.0x | 13.6x |
| Equity multiplier | 1.42 | 1.40 | 1.53 | 1.48 | 1.58 | 1.62 |
| Liabilities / Assets | - | - | - | - | - | - |
| Efficiency | ||||||
| Asset turnover | 0.85 | 0.94 | 0.89 | 1.03 | 0.97 | 0.87 |
| Inventory turnover | 2.35 | 3.04 | 2.74 | 2.94 | 2.81 | 3.35 |
| Days sales outstanding | 44d | 41d | 46d | 43d | 45d | 48d |
| Days inventory outstanding | 155d | 120d | 133d | 124d | 130d | 109d |
| Days payable outstanding | 54d | 45d | 44d | 44d | 50d | 46d |
| Cash conversion cycle | 145d | 116d | 135d | 123d | 124d | 111d |
| Valuation | ||||||
| P / E | 27.1x | 23.4x | 26.6x | 19.5x | 39.8x | 36.2x |
| P / B | 4.6x | 4.0x | 4.6x | 3.8x | 5.6x | 3.9x |
| P / S | 3.8x | 3.0x | 3.4x | 2.5x | 3.6x | 2.7x |
| EV / EBITDA | 17.9x | 14.9x | 17.6x | 13.4x | 22.8x | 18.1x |
| Growth | ||||||
| Revenue growth (YoY) | 8.3% | 9.5% | 3.9% | 9.4% | 19.9% | -5.7% |
| Revenue CAGR (3y) | 7.2% | 7.6% | 10.9% | 7.3% | 9.0% | 1.2% |
| Revenue CAGR (5y) | 10.1% | 7.1% | 8.0% | 6.3% | 5.3% | 0.6% |
| Gross profit growth (YoY) | 13.6% | 10.5% | 9.9% | 14.0% | 22.7% | -7.7% |
| Operating income growth (YoY) | 14.8% | 11.3% | 11.4% | 31.5% | 32.3% | -8.1% |
| Net income growth (YoY) | 17.0% | 11.1% | 4.2% | 51.8% | 45.0% | -13.1% |
| EPS growth (YoY) | 17.0% | 11.1% | 4.5% | 53.3% | 45.2% | -12.7% |
| EPS CAGR (3y) | 10.8% | 21.2% | 32.5% | 24.8% | 9.4% | 16.6% |
| EPS CAGR (5y) | 24.8% | 17.7% | 16.0% | 28.7% | 14.9% | - |
| FCF growth (YoY) | 9.4% | 15.9% | 43.5% | 27.1% | -16.7% | 12.3% |
| FCF CAGR (5y) | 14.0% | 14.6% | 16.1% | 12.5% | 8.6% | 17.8% |
| Book value growth (YoY) | 18.7% | 12.9% | 16.4% | 10.9% | 9.7% | 9.4% |
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%
Stability scores
Piotroski F-score
FY 2025 · 9-point quality
5/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- ✗Long-term debt decreased
- ✗Current ratio improved
- ✓No share dilution
- ✓Gross margin improved
- ✗Asset turnover improved
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 |