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	664.4	604.5	548.7	508.2
Other Operating Expenses	23.7	7.2	5.5	10.6	19.3
Total Operating Expenses	757.9	671.6	610	559.3	527.5
Operating Income	448.1	390.4	350.9	315	239.6
Interest Income	9.8	8.9	7.2	0.6	-
Interest Expense	-10.8	-14.7	-8.2	-7	-6.3
Other Non-Operating Income (Expense)	-1.3	1.4	-0.4	-1	0.8
Total Non-Operating Income (Expense)	-2.3	-4.4	-1.4	-7.4	-5.5
Pretax Income	445.8	386	349.5	307.6	234.1
Provision for Income Taxes	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	8.70	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%
Shares Outstanding	33.34	33.32	33.31	33.27	33.61
Free Cash Flow	356.3	325.8	281.1	195.9	154.1
Free Cash Flow Growth	9.36%	15.90%	43.49%	27.13%	-16.70%
Free Cash Flow Per Share	10.64	9.73	8.39	5.83	4.55
Dividends 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	18.38%	17.33%	17.06%	15.91%	13.24%
Profit Margin	13.98%	12.93%	12.75%	12.71%	9.16%
FCF Margin	14.61%	14.47%	13.67%	9.90%	8.52%
EBITDA	506.5	444.8	394.2	354.7	284.7
EBITDA Margin	20.77%	19.75%	19.17%	17.92%	15.74%
EBIT	448.1	390.4	350.9	315	239.6
EBIT Margin	18.38%	17.33%	17.06%	15.91%	13.24%
Effective Tax Rate	23.55%	24.56%	25.01%	18.24%	29.22%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q