Watts Water Technologies, Inc. (WTS)

Watts Water Technologies Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 28, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	2,354	2,252	2,056	1,980	1,809	1,509
Revenue Growth (YoY)	4.18%	9.53%	3.88%	9.41%	19.93%	-5.74%
Cost of Revenue	1,205	1,190	1,095	1,105	1,042	883.2
Gross Profit	1,149	1,062	960.9	874.3	767.1	625.4
Selling, General & Admin	633.2	594	537.4	489.3	462.6	392.2
Research & Development	69.3	70.4	67.1	59.4	45.6	42.2
Operating Expenses	702.5	664.4	604.5	548.7	508.2	434.4
Operating Income	446.8	397.6	356.4	325.6	258.9	191
Interest Expense	-10.9	-14.7	-8.2	-7	-6.3	-13.3
Interest & Investment Income	9.9	8.9	7.2	0.6	-	0.2
Currency Exchange Gain (Loss)	-	-	-0.4	-	-	-
Other Non Operating Income (Expenses)	-0.8	1.4	-	-1	0.8	-1
EBT Excluding Unusual Items	445	393.2	355	318.2	253.4	176.9
Merger & Restructuring Charges	-23.4	-7.2	-5.5	-10.6	-19.3	-9.9
Pretax Income	421.6	386	349.5	307.6	234.1	167
Income Tax Expense	96.9	94.8	87.4	56.1	68.4	52.7
Net Income	324.7	291.2	262.1	251.5	165.7	114.3
Net Income to Common	324.7	291.2	262.1	251.5	165.7	114.3
Net Income Growth	16.25%	11.10%	4.21%	51.78%	44.97%	-13.08%
Shares Outstanding (Basic)	34	34	33	34	34	34
Shares Outstanding (Diluted)	34	34	34	34	34	34
Shares Change (YoY)	-	-	-0.30%	-0.89%	-0.29%	-0.58%
EPS (Basic)	9.69	8.69	7.85	7.51	4.90	3.37
EPS (Diluted)	9.69	8.69	7.82	7.48	4.88	3.36
EPS Growth	16.19%	11.13%	4.54%	53.28%	45.24%	-12.73%
Free Cash Flow	343.5	325.8	281.1	195.9	154.1	185
Free Cash Flow Per Share	10.25	9.72	8.39	5.83	4.55	5.44
Dividend Per Share	1.900	1.650	1.380	1.160	1.010	0.920
Dividend Growth	20.25%	19.56%	18.97%	14.85%	9.78%	2.22%
Gross Margin	48.83%	47.15%	46.73%	44.17%	42.40%	41.46%
Operating Margin	18.98%	17.65%	17.33%	16.45%	14.31%	12.66%
Profit Margin	13.79%	12.93%	12.75%	12.71%	9.16%	7.58%
Free Cash Flow Margin	14.59%	14.47%	13.67%	9.90%	8.52%	12.26%
EBITDA	502.4	452	399.7	365.3	304	237.5
EBITDA Margin	21.34%	20.07%	19.44%	18.45%	16.80%	15.74%
D&A For EBITDA	55.6	54.4	43.3	39.7	45.1	46.5
EBIT	446.8	397.6	356.4	325.6	258.9	191
EBIT Margin	18.98%	17.65%	17.33%	16.45%	14.31%	12.66%
Effective Tax Rate	22.98%	24.56%	25.01%	18.24%	29.22%	31.56%

Updated Sep 28, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q