Watts Water Technologies Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	2,439	2,252	2,056	1,980	1,809
Revenue Growth (YoY)	8.27%	9.53%	3.88%	9.41%	19.93%
Cost of Revenue	1,233	1,190	1,095	1,105	1,042
Gross Profit	1,206	1,062	960.9	874.3	767.1
Selling, General & Admin	734.2	594	537.4	489.3	462.6
Research & Development	-	70.4	67.1	59.4	45.6
Operating Expenses	734.2	664.4	604.5	548.7	508.2
Operating Income	471.8	397.6	356.4	325.6	258.9
Interest Expense	-10.8	-14.7	-8.2	-7	-6.3
Interest & Investment Income	9.8	8.9	7.2	0.6	-
Currency Exchange Gain (Loss)	-	-	-0.4	-	-
Other Non Operating Income (Expenses)	-1.3	1.4	-	-1	0.8
EBT Excluding Unusual Items	469.5	393.2	355	318.2	253.4
Merger & Restructuring Charges	-23.7	-7.2	-5.5	-10.6	-19.3
Pretax Income	445.8	386	349.5	307.6	234.1
Income Tax Expense	105	94.8	87.4	56.1	68.4
Net Income	340.8	291.2	262.1	251.5	165.7
Net Income to Common	340.8	291.2	262.1	251.5	165.7
Net Income Growth	17.03%	11.10%	4.21%	51.78%	44.97%
Shares Outstanding (Basic)	34	34	33	34	34
Shares Outstanding (Diluted)	34	34	34	34	34
Shares Change (YoY)	-	-	-0.30%	-0.89%	-0.29%
EPS (Basic)	10.17	8.69	7.85	7.51	4.90
EPS (Diluted)	10.17	8.69	7.82	7.48	4.88
EPS Growth	17.03%	11.13%	4.54%	53.28%	45.24%
Free Cash Flow	356.3	325.8	281.1	195.9	154.1
Free Cash Flow Per Share	10.64	9.72	8.39	5.83	4.55
Dividend Per Share	1.990	1.650	1.380	1.160	1.010
Dividend Growth	20.61%	19.56%	18.97%	14.85%	9.78%
Gross Margin	49.46%	47.15%	46.73%	44.17%	42.40%
Operating Margin	19.35%	17.65%	17.33%	16.45%	14.31%
Profit Margin	13.98%	12.93%	12.75%	12.71%	9.16%
Free Cash Flow Margin	14.61%	14.47%	13.67%	9.90%	8.52%
EBITDA	528.6	452	399.7	365.3	304
EBITDA Margin	21.68%	20.07%	19.44%	18.45%	16.80%
D&A For EBITDA	56.8	54.4	43.3	39.7	45.1
EBIT	471.8	397.6	356.4	325.6	258.9
EBIT Margin	19.35%	17.65%	17.33%	16.45%	14.31%
Effective Tax Rate	23.55%	24.56%	25.01%	18.24%	29.22%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.