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	Jun 29, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	2,286	2,252	2,056	1,980	1,809	1,509
Revenue Growth (YoY)	2.96%	9.53%	3.88%	9.41%	19.93%	-5.74%
Cost of Revenue	1,178	1,190	1,095	1,105	1,042	883.2
Gross Profit	1,108	1,062	960.9	874.3	767.1	625.4
Selling, General & Admin	608.4	594	537.4	489.3	462.6	392.2
Research & Development	68.1	70.4	67.1	59.4	45.6	42.2
Operating Expenses	676.5	664.4	604.5	548.7	508.2	434.4
Operating Income	431.6	397.6	356.4	325.6	258.9	191
Interest Expense	-11.8	-14.7	-8.2	-7	-6.3	-13.3
Interest & Investment Income	9.5	8.9	7.2	0.6	-	0.2
Currency Exchange Gain (Loss)	-	-	-0.4	-	-	-
Other Non Operating Income (Expenses)	-	1.4	-	-1	0.8	-1
EBT Excluding Unusual Items	429.3	393.2	355	318.2	253.4	176.9
Merger & Restructuring Charges	-26.4	-7.2	-5.5	-10.6	-19.3	-9.9
Pretax Income	402.9	386	349.5	307.6	234.1	167
Income Tax Expense	91.3	94.8	87.4	56.1	68.4	52.7
Net Income	311.6	291.2	262.1	251.5	165.7	114.3
Net Income to Common	311.6	291.2	262.1	251.5	165.7	114.3
Net Income Growth	12.90%	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)	9.30	8.69	7.85	7.51	4.90	3.37
EPS (Diluted)	9.30	8.69	7.82	7.48	4.88	3.36
EPS Growth	12.86%	11.13%	4.54%	53.28%	45.24%	-12.73%
Free Cash Flow	316.9	325.8	281.1	195.9	154.1	185
Free Cash Flow Per Share	9.46	9.72	8.39	5.83	4.55	5.44
Dividend Per Share	1.810	1.650	1.380	1.160	1.010	0.920
Dividend Growth	19.87%	19.56%	18.97%	14.85%	9.78%	2.22%
Gross Margin	48.48%	47.15%	46.73%	44.17%	42.40%	41.46%
Operating Margin	18.88%	17.65%	17.33%	16.45%	14.31%	12.66%
Profit Margin	13.63%	12.93%	12.75%	12.71%	9.16%	7.58%
Free Cash Flow Margin	13.86%	14.47%	13.67%	9.90%	8.52%	12.26%
EBITDA	487.5	452	399.7	365.3	304	237.5
EBITDA Margin	21.33%	20.07%	19.44%	18.45%	16.80%	15.74%
D&A For EBITDA	55.9	54.4	43.3	39.7	45.1	46.5
EBIT	431.6	397.6	356.4	325.6	258.9	191
EBIT Margin	18.88%	17.65%	17.33%	16.45%	14.31%	12.66%
Effective Tax Rate	22.66%	24.56%	25.01%	18.24%	29.22%	31.56%

Updated Jun 29, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q