Watts Water Technologies (WTS)

NYSE Industrials Building Products S&P MidCap 400

$346.14

-1.32 (-0.38%)

Close of Nov 06, 2026 · end-of-day data

Source: Watts Water Technologies's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 06, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$1.40B	$1.46B	$1.56B	$1.60B	$1.51B	$1.81B	$1.98B	$2.06B	$2.25B	$2.44B
Cost of revenue	$832.80M	$854.30M	$908.40M	$923.00M	$883.20M	$1.04B	$1.11B	$1.10B	$1.19B	$1.23B
Gross profit	$565.60M	$602.40M	$656.50M	$677.50M	$625.40M	$767.10M	$874.30M	$960.90M	$1.06B	$1.21B
Research & development	$26.50M	$29.00M	$34.50M	$39.60M	$42.20M	$45.60M	$59.40M	$67.10M	$70.40M	$73.50M
Selling, general & admin	$424.10M	$432.30M	$464.70M	$476.10M	$434.40M	$508.20M	$548.70M	$604.50M	$664.40M	$734.20M
Operating income	$145.00M	$162.30M	$188.40M	$197.10M	$181.10M	$239.60M	$315.00M	$350.90M	$390.40M	$448.10M
Interest expense	$22.60M	$19.10M	$16.30M	$14.10M	$13.30M	$6.30M	$7.00M	$8.20M	$14.70M	$10.80M
Pre-tax income	$127.80M	$143.10M	$174.60M	$183.90M	$167.00M	$234.10M	$307.60M	$349.50M	$386.00M	$445.80M
Income tax	$43.60M	$70.00M	$46.60M	$52.40M	$52.70M	$68.40M	$56.10M	$87.40M	$94.80M	$105.00M
Net income	$84.20M	$73.10M	$128.00M	$131.50M	$114.30M	$165.70M	$251.50M	$262.10M	$291.20M	$340.80M
EBITDA	$196.20M	$214.50M	$236.90M	$243.70M	$227.60M	$284.70M	$354.70M	$394.20M	$444.80M	$504.90M
EPS (basic)	$2.45	$2.12	$3.73	$3.86	$3.37	$4.90	$7.51	$7.85	$8.70	$10.17
EPS (diluted)	$2.44	$2.12	$3.73	$3.85	$3.36	$4.88	$7.48	$7.82	$8.69	$10.17
Diluted shares	34.50M	34.40M	34.30M	34.20M	34.00M	33.90M	33.60M	33.50M	33.50M	33.50M
Gross margin	40.4%	41.4%	42.0%	42.3%	41.5%	42.4%	44.2%	46.7%	47.2%	49.5%
Operating margin	10.4%	11.1%	12.0%	12.3%	12.0%	13.2%	15.9%	17.1%	17.3%	18.4%
Net margin	6.0%	5.0%	8.2%	8.2%	7.6%	9.2%	12.7%	12.7%	12.9%	14.0%

Balance sheet

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash & equivalents	$338.40M	$280.20M	$204.10M	$219.70M	$218.90M	$242.00M	$310.80M	$350.10M	$386.90M	$405.50M
Receivables	$198.00M	$216.10M	$205.50M	$219.80M	$197.60M	$220.90M	$233.80M	$259.80M	$253.20M	$294.00M
Inventory	$239.40M	$259.10M	$286.80M	$270.10M	$263.60M	$370.70M	$375.60M	$399.30M	$392.10M	$524.30M
Total current assets	$819.40M	$783.60M	$721.30M	$734.90M	$709.50M	$861.50M	$950.60M	$1.06B	$1.08B	$1.29B
Goodwill	$532.70M	$550.50M	$544.80M	$581.10M	$602.40M	$600.70M	$592.40M	$693.00M	$715.00M	$859.00M
Total assets	$1.76B	$1.74B	$1.65B	$1.72B	$1.74B	$1.86B	$1.93B	$2.31B	$2.40B	$2.88B
Total current liabilities	$425.50M	$327.40M	$348.70M	$419.30M	$312.80M	$408.50M	$378.70M	$405.80M	$417.90M	$512.40M
Short-term debt	$139.10M	$22.50M	$30.00M	$105.00M	—	—	—	—	—	—
Long-term debt	$511.30M	$474.60M	$323.40M	$204.20M	$198.20M	$141.90M	$147.60M	$298.30M	$197.00M	$197.70M
Total debt	$650.40M	$497.10M	$353.40M	$309.20M	$198.20M	$141.90M	$147.60M	$298.30M	$197.00M	$197.70M
Total liabilities	$1.03B	$907.50M	$762.40M	$745.10M	$668.40M	$682.40M	$630.30M	$796.10M	$689.10M	$853.50M
Shareholders' equity	$736.30M	$829.00M	$891.30M	$978.00M	$1.07B	$1.17B	$1.30B	$1.51B	$1.71B	$2.03B

Cash flow

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Operating cash flow	$138.10M	$155.90M	$169.40M	$194.00M	$228.80M	$180.80M	$224.00M	$310.80M	$361.10M	$402.00M
Capital expenditures	$36.00M	$29.40M	$35.90M	$29.20M	$43.80M	$26.70M	$28.10M	$29.70M	$35.30M	$45.70M
Free cash flow	$102.10M	$126.50M	$133.50M	$164.80M	$185.00M	$154.10M	$195.90M	$281.10M	$325.80M	$356.30M
Investing cash flow	-$114.00M	-$27.30M	-$35.90M	-$71.80M	-$54.80M	-$30.70M	-$22.90M	-$343.10M	-$124.70M	-$302.80M
Financing cash flow	$27.70M	-$205.30M	-$202.90M	-$105.60M	-$181.90M	-$118.60M	-$121.70M	$69.00M	-$190.50M	-$96.90M
Share buybacks	$26.80M	$18.20M	$26.00M	$19.50M	$28.90M	$16.00M	$69.40M	$16.00M	$17.00M	$16.00M
Stock-based compensation	$13.40M	$13.90M	$13.80M	$17.80M	$12.70M	$22.90M	$18.40M	$20.20M	$19.50M	$21.20M
Depreciation & amortization	$51.20M	$52.20M	$48.50M	$46.60M	$46.50M	$45.10M	$39.70M	$43.30M	$54.40M	$56.80M

Income statement

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Revenue	$547.50M	$570.90M	$597.30M	$543.60M	$540.40M	$558.00M	$643.70M	$611.70M	$625.10M	$677.30M	$763.20M	$728.00M
Cost of revenue	$291.90M	$303.40M	$312.50M	$286.50M	$287.80M	$285.50M	$317.80M	$313.30M	$315.80M	$351.20M	$389.10M	$327.00M
Gross profit	$255.60M	$267.50M	$284.80M	$257.10M	$252.60M	$272.50M	$325.90M	$298.40M	$309.30M	$326.10M	$374.10M	$401.00M
Research & development	$19.80M	$18.50M	$17.90M	$17.60M	$16.40M	$16.80M	$17.40M	$18.80M	$20.60M	$19.20M	$20.90M	$19.40M
Selling, general & admin	$173.10M	$169.60M	$173.10M	$159.00M	$162.80M	$167.50M	$187.20M	$185.10M	$194.50M	$192.90M	$214.50M	$209.90M
Operating income	$78.70M	$96.70M	$111.50M	$93.20M	$89.00M	$87.70M	$135.30M	$111.40M	$113.70M	$133.00M	$154.00M	$190.80M
Interest expense	$3.80M	$4.20M	$4.10M	$3.60M	$2.80M	$2.70M	$2.70M	$2.70M	$2.70M	$2.60M	$2.20M	$2.00M
Pre-tax income	$77.30M	$95.20M	$109.50M	$92.30M	$89.00M	$86.90M	$134.70M	$111.00M	$113.20M	$131.40M	$153.70M	$191.90M
Income tax	$21.60M	$22.60M	$27.50M	$23.20M	$21.40M	$12.90M	$33.80M	$28.80M	$29.50M	$31.80M	$35.40M	$46.50M
Net income	$55.70M	$72.60M	$82.00M	$69.10M	$67.60M	$74.00M	$100.90M	$82.20M	$83.70M	$99.60M	$118.30M	$145.40M
EBITDA	$91.20M	$110.00M	$125.00M	$107.20M	$102.60M	$101.40M	$149.80M	$125.60M	$128.50M	$148.40M	$169.80M	$207.10M
EPS (basic)	$1.68	$2.17	$2.44	$2.07	$2.02	$2.21	$3.01	$2.45	$2.50	$2.97	$3.53	$4.34
EPS (diluted)	$1.67	$2.17	$2.44	$2.06	$2.02	$2.21	$3.01	$2.45	$2.50	$2.97	$3.53	$4.34
Diluted shares	0	33.50M	33.50M	33.50M	0	33.50M	33.50M	33.50M	0	33.50M	33.50M	33.50M
Gross margin	46.7%	46.9%	47.7%	47.3%	46.7%	48.8%	50.6%	48.8%	49.5%	48.1%	49.0%	55.1%
Operating margin	14.4%	16.9%	18.7%	17.1%	16.5%	15.7%	21.0%	18.2%	18.2%	19.6%	20.2%	26.2%
Net margin	10.2%	12.7%	13.7%	12.7%	12.5%	13.3%	15.7%	13.4%	13.4%	14.7%	15.5%	20.0%

Balance sheet

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Cash & equivalents	$350.10M	$237.10M	$279.40M	$303.90M	$386.90M	$336.80M	$369.30M	$457.70M	$405.50M	$374.70M	$347.90M	$444.80M
Receivables	$259.80M	$305.70M	$310.60M	$291.60M	$253.20M	$301.10M	$337.50M	$323.90M	$294.00M	$374.40M	$404.40M	$399.30M
Inventory	$399.30M	$423.60M	$426.40M	$420.40M	$392.10M	$419.10M	$448.50M	$458.70M	$524.30M	$543.10M	$546.50M	$576.60M
Total current assets	$1.06B	$1.01B	$1.06B	$1.07B	$1.08B	$1.11B	$1.21B	$1.31B	$1.29B	$1.35B	$1.37B	$1.48B
Goodwill	$693.00M	$724.30M	$719.60M	$725.50M	$715.00M	$760.50M	$781.90M	$781.30M	$859.00M	$859.60M	$858.40M	$859.10M
Total assets	$2.31B	$2.33B	$2.38B	$2.40B	$2.40B	$2.50B	$2.64B	$2.73B	$2.88B	$2.94B	$2.95B	$3.08B
Total current liabilities	$405.80M	$407.30M	$424.60M	$417.50M	$417.90M	$449.50M	$468.40M	$463.90M	$512.40M	$496.00M	$513.30M	$528.70M
Long-term debt	$298.30M	$283.50M	$258.70M	$211.80M	$197.00M	$197.20M	$197.30M	$197.50M	$197.70M	$197.80M	$108.00M	$98.20M
Total debt	$298.30M	$283.50M	$258.70M	$211.80M	$197.00M	$197.20M	$197.30M	$197.50M	$197.70M	$197.80M	$108.00M	$98.20M
Total liabilities	$796.10M	$780.60M	$765.10M	$710.00M	$689.10M	$728.50M	$752.50M	$768.60M	$853.50M	$843.50M	$762.10M	$757.40M
Shareholders' equity	$1.51B	$1.55B	$1.62B	$1.69B	$1.71B	$1.77B	$1.89B	$1.96B	$2.03B	$2.10B	$2.19B	$2.32B

Cash flow

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Operating cash flow	$109.90M	$45.60M	$85.30M	$90.70M	$139.50M	$55.20M	$69.70M	$122.40M	$154.70M	$17.90M	$102.90M	$158.10M
Capital expenditures	$10.70M	$10.10M	$6.80M	$6.40M	$12.00M	$9.60M	$10.20M	$11.50M	$14.40M	$11.30M	$11.30M	$26.20M
Free cash flow	$99.20M	$35.50M	$78.50M	$84.30M	$127.50M	$45.60M	$59.50M	$110.90M	$140.30M	$6.60M	$91.60M	$131.90M
Investing cash flow	-$312.00M	-$109.80M	$2.30M	-$5.20M	-$12.00M	-$79.90M	-$25.60M	-$11.50M	-$185.80M	-$13.20M	-$11.10M	-$26.10M
Financing cash flow	$182.80M	-$44.60M	-$44.30M	-$67.30M	-$34.30M	-$29.90M	-$22.40M	-$22.20M	-$22.40M	-$34.80M	-$116.40M	-$35.90M
Share buybacks	$4.30M	$4.00M	$4.10M	$4.90M	$4.00M	$3.90M	$4.00M	$3.90M	$4.20M	$3.80M	$4.10M	$3.90M
Stock-based compensation	$5.70M	$4.00M	$6.00M	$5.50M	$4.00M	$2.90M	$6.60M	$5.60M	$6.10M	$5.20M	$8.30M	$7.50M
Depreciation & amortization	$12.50M	$13.30M	$13.50M	$14.00M	$13.60M	$13.70M	$14.50M	$14.20M	$14.80M	$15.40M	$15.80M	$16.30M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.