Watts Water Technologies (WTS) Financials

$241.42 -3.38 (-1.38%)

As of 03:46 PM Eastern

Annual Income Statements for Watts Water Technologies

This table shows Watts Water Technologies' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	-113	84	73	128	132	114	166	252	262	291
Consolidated Net Income / (Loss)	-113	84	73	128	132	114	166	252	262	291
Net Income / (Loss) Continuing Operations	-113	84	73	128	132	114	0.00	252	262	291
Total Pre-Tax Income	-111	128	143	175	184	167	234	308	350	386
Total Operating Income	-90	145	162	188	197	181	240	315	351	390
Total Gross Profit	553	566	602	657	678	625	767	874	961	1,062
Total Revenue	1,468	1,398	1,457	1,565	1,601	1,509	1,809	1,980	2,056	2,252
Operating Revenue	1,468	1,398	1,457	1,565	1,601	1,509	1,809	1,980	2,056	2,252
Total Cost of Revenue	915	833	854	908	923	883	1,042	1,105	1,095	1,190
Operating Cost of Revenue	915	833	854	908	923	883	1,042	1,105	1,095	1,190
Total Operating Expenses	643	421	440	468	480	444	528	559	610	672
Selling, General & Admin Expense	491	424	432	465	476	434	508	549	605	664
Restructuring Charge	21	4.70	6.80	3.40	4.30	9.90	19	11	5.50	7.20
Total Other Income / (Expense), net	-21	-17	-19	-14	-13	-14	-5.50	-7.40	-1.40	-4.40
Interest Expense	24	23	19	16	14	13	6.30	7.00	8.20	15
Interest & Investment Income	1.00	1.00	1.00	0.80	0.40	0.20	0.00	0.60	7.20	8.90
Other Income / (Expense), net	2.40	4.40	-1.10	1.70	0.50	-1.00	0.80	-1.00	-0.40	1.40
Income Tax Expense	1.90	44	70	47	52	53	68	56	87	95
Basic Earnings per Share	($3.24)	$2.45	$2.12	$3.73	$3.86	$3.37	$4.90	$7.51	$7.85	$8.70
Weighted Average Basic Shares Outstanding	34.90M	34.40M	34.40M	34.30M	34.10M	33.90M	33.80M	33.50M	33.40M	33.50M
Diluted Earnings per Share	($3.24)	$2.44	$2.12	$3.73	$3.85	$3.36	$4.88	$7.48	$7.82	$8.69
Weighted Average Diluted Shares Outstanding	34.90M	34.50M	34.40M	34.30M	34.20M	34M	33.90M	33.60M	33.50M	33.50M
Weighted Average Basic & Diluted Shares Outstanding	34.80M	34.40M	34.50M	34.30M	34.10M	33.62M	33.60M	33.27M	33.31M	33.32M
Cash Dividends to Common per Share	$0.66	$0.71	$0.75	$0.82	$0.90	$0.92	$1.01	$1.16	$1.38	$1.65

This table shows Watts Water Technologies' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/25/2022	12/31/2022	3/26/2023	6/25/2023	9/24/2023	12/31/2023	3/31/2024	6/30/2024	9/29/2024	12/31/2024	3/30/2025
Net Income / (Loss) Attributable to Common Shareholders	59	69	65	76	66	56	73	82	69	68	74
Consolidated Net Income / (Loss)	59	69	65	76	66	56	73	82	69	68	74
Net Income / (Loss) Continuing Operations	59	69	0.00	0.00	66	196	0.00	0.00	69	222	74
Total Pre-Tax Income	79	65	84	101	88	77	95	110	92	89	87
Total Operating Income	80	67	85	100	87	79	97	112	93	89	88
Total Gross Profit	218	219	218	253	234	256	268	285	257	253	273
Total Revenue	488	502	472	533	504	548	571	597	544	540	558
Operating Revenue	488	502	472	533	504	548	571	597	544	540	558
Total Cost of Revenue	270	283	254	280	270	292	303	313	287	288	286
Operating Cost of Revenue	270	283	254	280	270	292	303	313	287	288	286
Total Operating Expenses	138	151	133	152	147	177	171	173	164	164	185
Selling, General & Admin Expense	136	145	134	151	147	173	170	173	159	163	168
Restructuring Charge	1.70	6.20	-0.30	1.60	0.40	3.80	1.20	0.20	4.90	0.90	17
Total Other Income / (Expense), net	-1.60	-2.50	-1.20	0.20	1.00	-1.40	-1.50	-2.00	-0.90	-	-0.80
Interest Expense	1.90	2.00	1.50	1.70	1.20	3.80	4.20	4.10	3.60	2.80	2.70
Interest & Investment Income	0.20	0.30	0.40	1.30	2.30	3.20	2.10	1.90	2.10	2.80	2.30
Other Income / (Expense), net	0.10	-0.80	-0.10	0.60	-0.10	-0.80	0.60	0.20	0.60	-	-0.40
Income Tax Expense	20	-3.90	19	25	22	22	23	28	23	22	13
Basic Earnings per Share	$1.76	$2.05	$1.94	$2.27	$1.97	$1.67	$2.17	$2.44	$2.07	$2.02	$2.21
Weighted Average Basic Shares Outstanding	33.40M	33.50M	33.40M	33.50M	33.40M	33.40M	33.40M	33.50M	33.50M	33.50M	33.50M
Diluted Earnings per Share	$1.75	$2.05	$1.93	$2.26	$1.96	$1.67	$2.17	$2.44	$2.06	$2.02	$2.21
Weighted Average Diluted Shares Outstanding	33.50M	33.60M	33.50M	33.60M	33.50M	33.50M	33.50M	33.50M	33.50M	33.50M	33.50M
Weighted Average Basic & Diluted Shares Outstanding	33.29M	33.27M	33.37M	33.34M	33.33M	33.31M	33.37M	33.35M	33.33M	33.32M	33.38M
Cash Dividends to Common per Share	$0.30	$0.30	$0.30	$0.36	$0.36	$0.36	$0.36	$0.43	$0.43	$0.43	$0.43

This table details how cash moves in and out of Watts Water Technologies' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	-4.90	42	-58	-76	16	-0.80	23	69	39	37
Net Cash From Operating Activities	109	138	156	169	194	229	181	224	311	361
Net Cash From Continuing Operating Activities	109	138	156	169	194	229	181	224	311	361
Net Income / (Loss) Continuing Operations	-113	84	73	128	132	114	166	252	262	291
Consolidated Net Income / (Loss)	-113	84	73	128	132	114	166	252	262	291
Depreciation Expense	32	30	30	29	31	31	31	28	30	35
Amortization Expense	21	21	23	20	16	15	14	12	13	20
Non-Cash Adjustments To Reconcile Net Income	203	6.80	16	14	19	17	24	18	20	14
Changes in Operating Assets and Liabilities, net	-33	-4.10	15	-21	-2.70	51	-54	-85	-15	1.20
Net Cash From Investing Activities	-17	-114	-27	-36	-72	-55	-31	-23	-343	-125
Net Cash From Continuing Investing Activities	-17	-114	-27	-36	-72	-55	-31	-23	-343	-125
Purchase of Property, Plant & Equipment	-28	-36	-29	-36	-29	-44	-27	-28	-30	-35
Acquisitions	-20	-88	-1.40	-2.40	-43	-15	-9.10	0.00	-313	-96
Sale of Property, Plant & Equipment	31	10	3.50	2.20	0.10	2.20	5.10	5.20	0.00	5.90
Other Investing Activities, net	-	-	-	-	-	-	-	0.00	0.00	1.00
Net Cash From Financing Activities	-71	28	-205	-203	-106	-182	-119	-122	69	-191
Net Cash From Continuing Financing Activities	-71	28	-205	-203	-106	-182	-119	-122	69	-191
Repayment of Debt	-6.00	-618	-178	-195	-127	-520	-97	-80	-90	-102
Repurchase of Common Equity	-45	-27	-18	-26	-20	-29	-16	-69	-16	-17
Payment of Dividends	-23	-25	-26	-28	-31	-31	-34	-40	-47	-56
Issuance of Debt	0.00	689	20	50	82	408	40	85	240	0.00
Issuance of Common Equity	2.50	8.20	1.70	2.50	2.10	0.50	0.10	0.20	0.10	0.00
Other Financing Activities, net	0.30	-	-4.90	-6.60	-12	-9.90	-11	-18	-19	-16
Effect of Exchange Rate Changes	-26	-9.60	19	-6.70	-1.00	7.10	-	-11	2.60	-9.10
Cash Interest Paid	23	20	19	19	17	12	6.90	5.70	7.70	13
Cash Income Taxes Paid	25	34	39	55	51	46	73	86	116	117

This table details how cash moves in and out of Watts Water Technologies' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/25/2022	12/31/2022	3/26/2023	6/25/2023	9/24/2023	12/31/2023	3/31/2024	6/30/2024	9/29/2024	12/31/2024	3/30/2025
Net Change in Cash & Equivalents	-11	91	1.00	-20	71	-13	-113	42	25	83	-50
Net Cash From Operating Activities	41	138	33	67	100	110	46	85	91	140	55
Net Cash From Continuing Operating Activities	41	138	33	67	100	110	46	85	91	140	55
Net Income / (Loss) Continuing Operations	59	69	65	76	66	56	73	82	69	68	74
Consolidated Net Income / (Loss)	59	69	65	76	66	56	73	82	69	68	74
Depreciation Expense	7.30	6.10	7.00	7.30	7.50	8.30	8.60	8.30	9.00	8.70	8.80
Amortization Expense	3.00	3.00	3.00	3.00	3.00	4.20	4.70	5.10	5.10	4.90	4.90
Non-Cash Adjustments To Reconcile Net Income	4.90	3.60	4.20	5.50	5.00	5.70	3.00	2.90	4.40	4.00	3.00
Changes in Operating Assets and Liabilities, net	-33	56	-46	-25	19	36	-43	-13	3.10	54	-36
Net Cash From Investing Activities	-7.00	-3.60	-5.10	-18	-7.80	-312	-110	2.30	-5.20	-12	-80
Net Cash From Continuing Investing Activities	-7.00	-3.60	-5.10	-18	-7.80	-312	-110	2.30	-5.20	-12	-80
Purchase of Property, Plant & Equipment	-7.10	-7.90	-5.10	-6.50	-7.40	-11	-10	-6.80	-6.40	-12	-9.60
Acquisitions	-	-	0.00	-12	-0.40	-301	-101	4.50	-	-	-70
Sale of Property, Plant & Equipment	0.10	4.30	0.00	-	-	-	1.10	4.60	0.20	-	0.00
Net Cash From Financing Activities	-35	-53	-29	-68	-17	183	-45	-44	-67	-34	-30
Net Cash From Continuing Financing Activities	-35	-53	-29	-68	-17	183	-45	-44	-67	-34	-30
Repayment of Debt	-30	-35	-30	-50	-	-10	-15	-25	-47	-15	0.00
Repurchase of Common Equity	-4.00	-4.30	-3.70	-4.00	-4.00	-4.30	-4.00	-4.10	-4.90	-4.00	-3.90
Payment of Dividends	-10	-10	-10	-12	-12	-12	-12	-15	-14	-14	-14
Other Financing Activities, net	-0.90	-3.60	-15	-1.70	-0.80	-0.80	-14	-0.60	-0.70	-0.90	-12
Other Net Changes in Cash	-9.90	-	-	-	-	-	-4.20	-1.00	-	-	4.50
Cash Interest Paid	1.80	1.60	1.20	1.70	0.90	3.90	3.20	3.80	3.10	2.60	2.40
Cash Income Taxes Paid	26	18	7.70	50	29	29	14	47	28	28	5.10

This table presents Watts Water Technologies' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	1,691	1,763	1,737	1,654	1,723	1,738	1,856	1,931	2,309	2,397
Total Current Assets	809	819	784	721	735	710	862	951	1,061	1,084
Cash & Equivalents	296	338	280	204	220	219	242	311	350	387
Accounts Receivable	186	198	216	206	220	198	221	234	260	253
Inventories, net	240	239	259	287	270	264	371	376	399	392
Prepaid Expenses	46	41	27	25	25	29	28	30	52	51
Plant, Property, & Equipment, net	184	190	199	202	200	212	201	197	248	255
Plant, Property & Equipment, gross	-	498	526	537	558	609	609	596	677	692
Accumulated Depreciation	-	308	327	336	358	396	408	399	429	437
Total Noncurrent Assets	697	754	754	731	788	816	793	784	1,000	1,059
Goodwill	489	533	551	545	581	602	601	592	693	715
Intangible Assets	193	203	185	165	151	142	129	114	216	235
Noncurrent Deferred & Refundable Income Taxes	3.70	3.00	1.60	1.60	2.70	4.40	3.50	18	24	36
Other Noncurrent Operating Assets	12	16	17	19	53	68	61	60	68	72
Total Liabilities & Shareholders' Equity	1,691	1,763	1,737	1,654	1,723	1,738	1,856	1,931	2,309	2,397
Total Liabilities	986	1,027	908	762	745	668	682	630	796	689
Total Current Liabilities	295	426	327	349	419	313	409	379	406	418
Accounts Payable	102	101	124	127	123	110	143	134	132	148
Current Employee Benefit Liabilities	47	49	55	61	58	65	78	70	84	79
Other Current Liabilities	146	137	126	131	133	137	187	175	190	191
Total Noncurrent Liabilities	691	601	580	414	326	356	274	252	390	271
Long-Term Debt	574	511	475	323	204	198	142	148	298	197
Noncurrent Deferred & Payable Income Tax Liabilities	72	49	55	39	39	51	41	26	14	11
Other Noncurrent Operating Liabilities	45	42	50	52	83	106	92	78	79	63
Total Equity & Noncontrolling Interests	705	736	829	891	978	1,070	1,173	1,301	1,513	1,708
Total Preferred & Common Equity	705	736	829	891	978	1,070	1,173	1,301	1,513	1,708
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	705	736	829	891	978	1,070	1,173	1,301	1,513	1,708
Common Stock	515	539	555	572	595	610	635	655	678	700
Retained Earnings	318	349	373	441	514	560	666	795	979	1,185
Accumulated Other Comprehensive Income / (Loss)	-128	-151	-99	-121	-131	-100	-127	-150	-143	-176

This table presents Watts Water Technologies' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025
Period end date	9/25/2022	3/26/2023	6/25/2023	9/24/2023	3/31/2024	6/30/2024	9/29/2024	3/30/2025
Total Assets	1,886	1,990	2,004	2,018	2,332	2,383	2,399	2,501
Total Current Assets	937	1,014	1,023	1,042	1,010	1,061	1,066	1,108
Cash & Equivalents	220	312	292	363	237	279	304	337
Accounts Receivable	257	270	271	258	306	311	292	301
Inventories, net	423	401	422	386	424	426	420	419
Prepaid Expenses	38	31	38	35	44	45	50	51
Plant, Property, & Equipment, net	189	196	196	194	255	254	255	258
Plant, Property & Equipment, gross	578	603	612	610	684	684	700	713
Accumulated Depreciation	389	407	416	416	429	429	445	455
Total Noncurrent Assets	760	780	785	782	1,067	1,068	1,078	1,136
Goodwill	583	594	596	591	724	720	726	761
Intangible Assets	115	111	109	105	251	246	242	252
Noncurrent Deferred & Refundable Income Taxes	3.50	18	20	20	22	28	35	39
Other Noncurrent Operating Assets	59	58	61	67	71	75	77	85
Total Liabilities & Shareholders' Equity	1,886	1,990	2,004	2,018	2,332	2,383	2,399	2,501
Total Liabilities	678	644	590	566	781	765	710	729
Total Current Liabilities	379	396	405	380	407	425	418	450
Accounts Payable	132	151	153	121	163	163	141	158
Current Employee Benefit Liabilities	73	62	70	78	58	63	76	62
Other Current Liabilities	174	183	182	181	187	198	201	229
Total Noncurrent Liabilities	299	248	185	185	373	341	293	279
Long-Term Debt	182	148	98	98	284	259	212	197
Noncurrent Deferred & Payable Income Tax Liabilities	34	26	18	11	13	13	12	11
Other Noncurrent Operating Liabilities	83	75	70	76	77	69	69	71
Total Equity & Noncontrolling Interests	1,208	1,346	1,414	1,452	1,552	1,618	1,689	1,772
Total Preferred & Common Equity	1,208	1,346	1,414	1,452	1,552	1,618	1,689	1,772
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	1,208	1,346	1,414	1,452	1,552	1,618	1,689	1,772
Common Stock	650	661	667	672	684	690	695	705
Retained Earnings	741	832	890	940	1,023	1,086	1,136	1,230
Accumulated Other Comprehensive Income / (Loss)	-184	-147	-143	-160	-155	-158	-142	-163

This table displays calculated financial ratios and metrics derived from Watts Water Technologies' official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-3.04%	-4.72%	4.17%	7.43%	2.27%	-5.74%	19.93%	9.41%	3.88%	9.53%
EBITDA Growth	-123.40%	669.89%	6.38%	11.81%	2.35%	-7.21%	25.99%	23.89%	11.34%	13.31%
EBIT Growth	-185.73%	270.35%	7.90%	17.93%	3.95%	-8.86%	33.48%	30.62%	11.62%	11.78%
NOPAT Growth	-198.86%	251.47%	-13.21%	66.59%	2.04%	-12.05%	36.82%	51.86%	2.17%	11.92%
Net Income Growth	-324.45%	174.58%	-13.18%	75.10%	2.73%	-13.08%	44.97%	51.78%	4.21%	11.10%
EPS Growth	-328.17%	175.31%	-13.11%	75.94%	3.22%	-12.73%	45.24%	53.28%	4.55%	11.13%
Operating Cash Flow Growth	-19.08%	26.23%	12.89%	8.66%	14.52%	17.94%	-20.98%	23.89%	38.75%	16.18%
Free Cash Flow Firm Growth	269.27%	-77.59%	158.10%	69.54%	-19.64%	24.83%	2.28%	32.73%	-131.54%	490.52%
Invested Capital Growth	-17.46%	6.43%	-0.08%	-0.36%	2.59%	-1.72%	2.29%	5.99%	28.49%	3.87%
Revenue Q/Q Growth	-1.22%	-1.15%	1.70%	1.38%	0.80%	0.21%	4.05%	1.43%	2.27%	-0.31%
EBITDA Q/Q Growth	-144.39%	286.51%	2.45%	2.67%	1.16%	2.95%	2.62%	0.57%	3.93%	2.81%
EBIT Q/Q Growth	-421.25%	13,481.82%	3.07%	4.34%	1.18%	4.04%	3.44%	1.29%	3.39%	2.92%
NOPAT Q/Q Growth	-355.38%	3,428.64%	-21.71%	36.00%	-0.83%	-2.44%	6.15%	13.07%	-5.01%	3.80%
Net Income Q/Q Growth	-4,416.00%	263.81%	-21.31%	37.05%	-0.38%	-2.22%	7.04%	12.78%	-4.69%	4.22%
EPS Q/Q Growth	-4,528.57%	267.12%	-21.48%	37.13%	0.00%	-2.33%	6.78%	13.33%	-4.63%	4.20%
Operating Cash Flow Q/Q Growth	5.60%	0.73%	9.87%	13.62%	-1.87%	1.02%	-23.49%	69.44%	-8.21%	8.93%
Free Cash Flow Firm Q/Q Growth	190.83%	-74.29%	333.71%	39.05%	-15.60%	-7.95%	-19.50%	60.68%	-123.43%	289.25%
Invested Capital Q/Q Growth	-14.43%	2.60%	-5.51%	-5.81%	-3.98%	-3.24%	0.94%	-2.84%	23.07%	-4.95%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	37.68%	40.45%	41.35%	41.95%	42.33%	41.46%	42.40%	44.17%	46.73%	47.15%
EBITDA Margin	-2.40%	14.35%	14.65%	15.25%	15.26%	15.02%	15.78%	17.87%	19.15%	19.81%
Operating Margin	-6.14%	10.37%	11.14%	12.04%	12.31%	12.00%	13.24%	15.91%	17.06%	17.33%
EBIT Margin	-5.98%	10.68%	11.07%	12.15%	12.35%	11.94%	13.29%	15.86%	17.05%	17.40%
Profit (Net Income) Margin	-7.69%	6.02%	5.02%	8.18%	8.22%	7.58%	9.16%	12.71%	12.75%	12.93%
Tax Burden Percent	101.71%	65.88%	51.08%	73.31%	71.51%	68.44%	70.78%	81.76%	74.99%	75.44%
Interest Burden Percent	126.57%	85.54%	88.77%	91.85%	93.07%	92.73%	97.38%	97.96%	99.71%	98.52%
Effective Tax Rate	0.00%	34.12%	48.92%	26.69%	28.49%	31.56%	29.22%	18.24%	25.01%	24.56%
Return on Invested Capital (ROIC)	-5.81%	9.42%	7.94%	13.25%	13.37%	11.71%	15.98%	23.30%	20.25%	19.77%
ROIC Less NNEP Spread (ROIC-NNEP)	-23.77%	5.56%	4.19%	7.70%	5.47%	-16.34%	22.43%	27.90%	21.23%	22.52%
Return on Net Nonoperating Assets (RNNOA)	-8.15%	2.26%	1.40%	1.63%	0.70%	-0.55%	-1.21%	-2.97%	-1.62%	-1.69%
Return on Equity (ROE)	-13.96%	11.68%	9.34%	14.88%	14.07%	11.16%	14.77%	20.33%	18.63%	18.08%
Cash Return on Invested Capital (CROIC)	13.33%	3.20%	8.01%	13.61%	10.82%	13.45%	13.72%	17.48%	-4.69%	15.98%
Operating Return on Assets (OROA)	-4.82%	8.65%	9.21%	11.21%	11.70%	10.41%	13.38%	16.59%	16.53%	16.65%
Return on Assets (ROA)	-6.21%	4.88%	4.18%	7.55%	7.79%	6.60%	9.22%	13.28%	12.36%	12.37%
Return on Common Equity (ROCE)	-13.96%	11.68%	9.34%	14.88%	14.07%	11.16%	14.77%	20.33%	18.63%	18.08%
Return on Equity Simple (ROE_SIMPLE)	-16.02%	11.44%	8.82%	14.36%	13.45%	10.68%	14.12%	19.34%	17.32%	17.05%
Net Operating Profit after Tax (NOPAT)	-63	96	83	138	141	124	170	258	263	295
NOPAT Margin	-4.30%	6.83%	5.69%	8.83%	8.81%	8.22%	9.37%	13.01%	12.80%	13.08%
Net Nonoperating Expense Percent (NNEP)	17.97%	3.87%	3.74%	5.55%	7.91%	28.05%	-6.45%	-4.60%	-0.98%	-2.75%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	17.78%	14.53%	15.46%
Cost of Revenue to Revenue	62.32%	59.55%	58.65%	58.05%	57.67%	58.54%	57.60%	55.83%	53.27%	52.85%
SG&A Expenses to Revenue	33.47%	30.33%	29.68%	29.70%	29.75%	28.79%	28.09%	27.72%	29.40%	29.50%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	43.82%	30.08%	30.21%	29.91%	30.02%	29.45%	29.16%	28.25%	29.66%	29.82%
Earnings before Interest and Taxes (EBIT)	-88	149	161	190	198	180	240	314	351	392
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-35	201	213	239	244	227	286	354	394	446
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.24	2.83	2.96	2.36	3.33	3.73	5.46	3.68	4.55	3.97
Price to Tangible Book Value (P/TBV)	68.50	1,894.87	26.26	11.59	13.28	12.25	14.42	8.06	11.40	8.94
Price to Revenue (P/Rev)	1.08	1.49	1.68	1.34	2.04	2.64	3.54	2.42	3.35	3.01
Price to Earnings (P/E)	0.00	24.75	33.52	16.41	24.80	34.88	38.63	19.05	26.27	23.27
Dividend Yield	1.44%	1.17%	1.05%	1.33%	0.94%	0.78%	0.53%	0.81%	0.67%	0.81%
Earnings Yield	0.00%	4.04%	2.98%	6.09%	4.03%	2.87%	2.59%	5.25%	3.81%	4.30%
Enterprise Value to Invested Capital (EV/IC)	1.90	2.29	2.55	2.16	3.14	3.78	5.87	4.07	4.68	4.34
Enterprise Value to Revenue (EV/Rev)	1.27	1.71	1.83	1.44	2.09	2.63	3.48	2.34	3.32	2.92
Enterprise Value to EBITDA (EV/EBITDA)	0.00	11.95	12.50	9.43	13.72	17.50	22.07	13.09	17.36	14.76
Enterprise Value to EBIT (EV/EBIT)	0.00	16.04	16.55	11.84	16.96	22.02	26.21	14.74	19.50	16.81
Enterprise Value to NOPAT (EV/NOPAT)	0.00	25.08	32.17	16.29	23.77	32.00	37.15	17.97	25.97	22.36
Enterprise Value to Operating Cash Flow (EV/OCF)	17.01	17.35	17.11	13.28	17.27	17.34	34.85	20.66	21.99	18.24
Enterprise Value to Free Cash Flow (EV/FCFF)	12.86	73.89	31.86	15.85	29.38	27.86	43.28	23.95	0.00	27.67
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.82	0.88	0.60	0.40	0.32	0.19	0.12	0.11	0.20	0.12
Long-Term Debt to Equity	0.81	0.69	0.57	0.36	0.21	0.19	0.12	0.11	0.20	0.12
Financial Leverage	0.34	0.41	0.34	0.21	0.13	0.03	-0.05	-0.11	-0.08	-0.08
Leverage Ratio	2.25	2.40	2.24	1.97	1.81	1.69	1.60	1.53	1.51	1.46
Compound Leverage Factor	2.85	2.05	1.98	1.81	1.68	1.57	1.56	1.50	1.50	1.44
Debt to Total Capital	44.94%	46.90%	37.49%	28.39%	24.02%	15.63%	10.79%	10.19%	16.47%	10.34%
Short-Term Debt to Total Capital	0.09%	10.03%	1.70%	2.41%	8.16%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	44.85%	36.87%	35.79%	25.98%	15.86%	15.63%	10.79%	10.19%	16.47%	10.34%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	55.06%	53.10%	62.51%	71.61%	75.98%	84.37%	89.21%	89.81%	83.53%	89.66%
Debt to EBITDA	-16.34	3.24	2.33	1.48	1.27	0.87	0.50	0.42	0.76	0.44
Net Debt to EBITDA	-7.93	1.56	1.02	0.63	0.37	-0.09	-0.35	-0.46	-0.13	-0.43
Long-Term Debt to EBITDA	-16.31	2.55	2.22	1.36	0.84	0.87	0.50	0.42	0.76	0.44
Debt to NOPAT	-9.12	6.81	6.00	2.56	2.19	1.60	0.84	0.57	1.13	0.67
Net Debt to NOPAT	-4.43	3.27	2.62	1.08	0.64	-0.17	-0.59	-0.63	-0.20	-0.64
Long-Term Debt to NOPAT	-9.10	5.35	5.72	2.34	1.45	1.60	0.84	0.57	1.13	0.67
Altman Z-Score	2.29	2.84	3.38	3.62	4.57	5.51	7.83	7.06	7.52	8.40
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.74	1.93	2.39	2.07	1.75	2.27	2.11	2.51	2.61	2.59
Quick Ratio	1.64	1.26	1.52	1.17	1.05	1.33	1.13	1.44	1.50	1.53
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	145	32	84	142	114	142	146	193	-61	238
Operating Cash Flow to CapEx	0.00%	531.15%	601.93%	502.67%	666.67%	550.00%	837.04%	978.17%	1,046.46%	1,228.23%
Free Cash Flow to Firm to Interest Expense	5.96	1.44	4.38	8.71	8.09	10.70	23.11	27.61	-7.43	16.19
Operating Cash Flow to Interest Expense	4.50	6.11	8.16	10.39	13.76	17.20	28.70	32.00	37.90	24.56
Operating Cash Flow Less CapEx to Interest Expense	4.63	4.96	6.81	8.33	11.70	14.08	25.27	28.73	34.28	22.56
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.81	0.81	0.83	0.92	0.95	0.87	1.01	1.05	0.97	0.96
Accounts Receivable Turnover	7.45	7.28	7.04	7.42	7.53	7.23	8.65	8.71	8.33	8.78
Inventory Turnover	3.44	3.47	3.43	3.33	3.31	3.31	3.29	2.96	2.83	3.01
Fixed Asset Turnover	7.57	7.48	7.50	7.82	7.96	7.32	8.76	9.96	9.24	8.96
Accounts Payable Turnover	8.22	8.21	7.60	7.24	7.37	7.57	8.22	7.96	8.23	8.51
Days Sales Outstanding (DSO)	49.02	50.17	51.88	49.17	48.50	50.49	42.22	41.92	43.81	41.57
Days Inventory Outstanding (DIO)	106.08	105.06	106.49	109.67	110.11	110.28	111.08	123.24	129.10	121.35
Days Payable Outstanding (DPO)	44.40	44.44	48.04	50.43	49.53	48.23	44.39	45.86	44.33	42.90
Cash Conversion Cycle (CCC)	110.69	110.78	110.33	108.41	109.08	112.55	108.90	119.30	128.58	120.02
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	982	1,045	1,044	1,041	1,068	1,049	1,073	1,137	1,462	1,518
Invested Capital Turnover	1.35	1.38	1.39	1.50	1.52	1.43	1.71	1.79	1.58	1.51
Increase / (Decrease) in Invested Capital	-208	63	-0.80	-3.80	27	-18	24	64	324	57
Enterprise Value (EV)	1,861	2,396	2,667	2,250	3,350	3,966	6,301	4,629	6,835	6,587
Market Capitalization	1,582	2,084	2,450	2,101	3,261	3,987	6,401	4,792	6,887	6,777
Book Value per Share	$20.42	$21.51	$24.28	$26.14	$28.87	$31.80	$34.89	$39.07	$45.41	$51.24
Tangible Book Value per Share	$0.67	$0.03	$2.73	$5.32	$7.25	$9.68	$13.20	$17.86	$18.13	$22.74
Total Capital	1,280	1,387	1,326	1,245	1,287	1,268	1,315	1,448	1,812	1,905
Total Debt	575	650	497	353	309	198	142	148	298	197
Total Long-Term Debt	574	511	475	323	204	198	142	148	298	197
Net Debt	279	312	217	149	90	-21	-100	-163	-52	-190
Capital Expenditures (CapEx)	-3.10	26	26	34	29	42	22	23	30	29
Debt-free, Cash-free Net Working Capital (DFCFNWC)	219	195	199	199	201	178	211	261	305	279
Debt-free Net Working Capital (DFNWC)	515	533	479	403	421	397	453	572	655	666
Net Working Capital (NWC)	514	394	456	373	316	397	453	572	655	666
Net Nonoperating Expense (NNE)	50	11	9.81	10	9.44	9.65	3.89	6.05	1.05	3.32
Net Nonoperating Obligations (NNO)	277	309	215	149	90	-21	-100	-163	-52	-190
Total Depreciation and Amortization (D&A)	53	51	52	49	47	47	45	40	43	54
Debt-free, Cash-free Net Working Capital to Revenue	14.91%	13.92%	13.63%	12.68%	12.55%	11.79%	11.66%	13.19%	14.84%	12.37%
Debt-free Net Working Capital to Revenue	35.10%	38.12%	32.86%	25.73%	26.28%	26.30%	25.04%	28.89%	31.86%	29.55%
Net Working Capital to Revenue	35.02%	28.17%	31.32%	23.81%	19.72%	26.30%	25.04%	28.89%	31.86%	29.55%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($3.24)	$2.45	$2.12	$3.73	$3.86	$3.37	$4.90	$7.51	$7.85	$8.70
Adjusted Weighted Average Basic Shares Outstanding	34.90M	34.40M	34.40M	34.30M	34.10M	33.90M	33.80M	33.50M	33.40M	33.50M
Adjusted Diluted Earnings per Share	($3.24)	$2.44	$2.12	$3.73	$3.85	$3.36	$4.88	$7.48	$7.82	$8.69
Adjusted Weighted Average Diluted Shares Outstanding	34.90M	34.50M	34.40M	34.30M	34.20M	34M	33.90M	33.60M	33.50M	33.50M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	34.17M	34.19M	34.07M	33.95M	33.86M	33.62M	33.60M	33.27M	33.31M	33.32M
Normalized Net Operating Profit after Tax (NOPAT)	43	99	87	141	144	131	183	266	267	300
Normalized NOPAT Margin	2.95%	7.08%	5.97%	8.99%	9.00%	8.67%	10.13%	13.45%	13.00%	13.32%
Pre Tax Income Margin	-7.56%	9.14%	9.82%	11.16%	11.49%	11.07%	12.94%	15.54%	17.00%	17.14%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-3.61	6.61	8.44	11.66	14.01	13.54	38.16	44.86	42.74	26.65
NOPAT to Interest Expense	-2.60	4.23	4.34	8.47	10.00	9.32	26.92	36.79	32.09	20.04
EBIT Less CapEx to Interest Expense	-3.48	5.46	7.08	9.60	11.95	10.41	34.73	41.59	39.12	24.65
NOPAT Less CapEx to Interest Expense	-2.47	3.08	2.98	6.41	7.93	6.19	23.49	33.52	28.47	18.04
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-20.46%	29.10%	35.43%	22.11%	23.88%	27.47%	20.70%	15.71%	17.74%	19.06%
Augmented Payout Ratio	-59.96%	60.93%	60.33%	42.42%	38.71%	52.76%	30.36%	43.30%	23.85%	24.90%

This table displays calculated financial ratios and metrics derived from Watts Water Technologies' official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/25/2022	12/31/2022	3/26/2023	6/25/2023	9/24/2023	12/31/2023	3/31/2024	6/30/2024	9/29/2024	12/31/2024	3/30/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	7.21%	5.91%	1.84%	1.18%	3.38%	9.09%	21.03%	12.11%	7.79%	-1.30%	-2.26%
EBITDA Growth	20.11%	2.72%	16.07%	5.10%	7.38%	19.74%	16.91%	12.40%	10.67%	13.50%	-8.68%
EBIT Growth	24.04%	6.41%	18.82%	5.32%	8.07%	17.32%	15.01%	10.59%	7.82%	14.25%	-10.28%
NOPAT Growth	26.68%	73.14%	17.73%	6.75%	8.62%	-20.41%	12.36%	10.23%	7.26%	19.03%	1.27%
Net Income Growth	26.51%	71.07%	18.72%	8.90%	12.10%	-18.80%	12.21%	8.04%	5.02%	21.18%	1.93%
EPS Growth	27.74%	75.21%	19.88%	9.18%	12.00%	-18.54%	12.44%	7.96%	5.10%	20.96%	1.84%
Operating Cash Flow Growth	-32.90%	200.00%	1,770.00%	43.07%	142.51%	-20.19%	36.53%	27.12%	-9.66%	26.93%	21.05%
Free Cash Flow Firm Growth	-169.63%	-59.48%	178.14%	176.18%	201.14%	-3,946.97%	-1,691.54%	-2,189.83%	-805.51%	104.11%	111.76%
Invested Capital Growth	10.11%	5.99%	3.88%	5.32%	1.44%	28.49%	35.23%	30.90%	34.48%	3.87%	2.15%
Revenue Q/Q Growth	-7.37%	2.89%	-6.02%	12.95%	-5.35%	8.57%	4.27%	4.62%	-8.99%	-0.59%	3.26%
EBITDA Q/Q Growth	-14.26%	-16.85%	25.30%	17.65%	-12.40%	-7.28%	22.35%	13.11%	-13.75%	-4.91%	-1.56%
EBIT Q/Q Growth	-16.06%	-17.52%	27.41%	19.39%	-13.86%	-10.46%	24.90%	14.80%	-16.03%	-5.12%	-1.91%
NOPAT Q/Q Growth	-15.60%	18.97%	-7.89%	15.42%	-14.12%	-12.83%	30.04%	13.23%	-16.44%	-3.26%	10.64%
Net Income Q/Q Growth	-15.78%	16.87%	-5.69%	17.31%	-13.31%	-15.35%	30.34%	12.95%	-15.73%	-2.32%	9.63%
EPS Q/Q Growth	-15.46%	17.14%	-5.85%	17.10%	-13.27%	-14.80%	29.94%	12.44%	-15.57%	-1.94%	9.41%
Operating Cash Flow Q/Q Growth	-11.73%	232.61%	-75.74%	100.90%	49.63%	9.46%	-58.51%	87.06%	6.33%	53.80%	-60.43%
Free Cash Flow Firm Q/Q Growth	-158.15%	114.60%	209.75%	-34.75%	242.75%	-655.29%	-28.15%	14.32%	-15.71%	103.24%	266.19%
Invested Capital Q/Q Growth	1.03%	-2.84%	3.90%	3.27%	-2.70%	23.07%	9.35%	-0.04%	-0.03%	-4.95%	7.55%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	44.67%	43.55%	46.24%	47.45%	46.48%	46.68%	46.86%	47.68%	47.30%	46.74%	48.84%
EBITDA Margin	18.61%	15.04%	20.06%	20.89%	19.33%	16.51%	19.37%	20.94%	19.85%	18.99%	18.10%
Operating Margin	16.48%	13.39%	17.96%	18.84%	17.27%	14.37%	16.94%	18.67%	17.15%	16.47%	15.72%
EBIT Margin	16.50%	13.23%	17.94%	18.96%	17.25%	14.23%	17.04%	18.70%	17.26%	16.47%	15.65%
Profit (Net Income) Margin	12.03%	13.67%	13.72%	14.25%	13.05%	10.17%	12.72%	13.73%	12.71%	12.49%	13.26%
Tax Burden Percent	74.49%	106.03%	77.49%	75.45%	74.69%	72.06%	76.26%	74.89%	74.86%	75.84%	85.16%
Interest Burden Percent	97.89%	97.44%	98.70%	99.60%	101.26%	99.23%	97.84%	98.03%	98.40%	100.00%	99.54%
Effective Tax Rate	25.51%	-6.03%	22.52%	24.55%	25.31%	27.94%	23.74%	25.11%	25.14%	24.16%	14.84%
Return on Invested Capital (ROIC)	21.45%	25.43%	23.85%	23.83%	22.00%	16.39%	20.03%	22.03%	20.83%	18.88%	18.55%
ROIC Less NNEP Spread (ROIC-NNEP)	23.37%	27.44%	24.83%	23.70%	21.50%	17.33%	21.98%	23.42%	21.21%	18.88%	20.01%
Return on Net Nonoperating Assets (RNNOA)	-1.23%	-2.92%	-1.87%	-2.02%	-2.44%	-1.32%	-0.89%	-1.66%	-2.41%	-1.42%	-0.56%
Return on Equity (ROE)	20.22%	22.50%	21.98%	21.81%	19.56%	15.07%	19.14%	20.37%	18.42%	17.47%	17.99%
Cash Return on Invested Capital (CROIC)	10.77%	17.48%	19.25%	17.68%	22.06%	-4.69%	-10.44%	-6.96%	-9.03%	15.98%	16.16%
Operating Return on Assets (OROA)	17.18%	13.83%	18.32%	19.20%	17.77%	13.80%	17.00%	18.92%	17.65%	15.76%	14.50%
Return on Assets (ROA)	12.53%	14.29%	14.01%	14.43%	13.44%	9.87%	12.68%	13.89%	13.00%	11.95%	12.29%
Return on Common Equity (ROCE)	20.22%	22.50%	21.98%	21.81%	19.56%	15.07%	19.14%	20.37%	18.42%	17.47%	17.99%
Return on Equity Simple (ROE_SIMPLE)	18.46%	0.00%	19.45%	18.94%	18.94%	0.00%	17.40%	17.06%	16.54%	0.00%	16.51%
Net Operating Profit after Tax (NOPAT)	60	71	66	76	65	57	74	83	70	68	75
NOPAT Margin	12.28%	14.20%	13.91%	14.22%	12.90%	10.36%	12.92%	13.98%	12.84%	12.49%	13.38%
Net Nonoperating Expense Percent (NNEP)	-1.92%	-2.01%	-0.99%	0.14%	0.50%	-0.94%	-1.95%	-1.40%	-0.38%	0.00%	-1.46%
Return On Investment Capital (ROIC_SIMPLE)	-	4.92%	-	-	-	3.13%	-	-	-	3.54%	3.79%
Cost of Revenue to Revenue	55.33%	56.45%	53.76%	52.55%	53.52%	53.32%	53.14%	52.32%	52.70%	53.26%	51.16%
SG&A Expenses to Revenue	27.84%	28.93%	28.34%	28.30%	29.13%	31.62%	29.71%	28.98%	29.25%	30.11%	30.02%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	28.19%	30.17%	28.28%	28.60%	29.21%	32.31%	29.92%	29.01%	30.15%	30.27%	33.12%
Earnings before Interest and Taxes (EBIT)	81	66	85	101	87	78	97	112	94	89	87
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	91	76	95	111	98	90	111	125	108	103	101
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.33	3.68	3.92	4.10	3.92	4.55	4.55	3.78	4.10	3.97	3.83
Price to Tangible Book Value (P/TBV)	7.89	8.06	8.23	8.17	7.54	11.40	12.26	9.37	9.58	8.94	8.94
Price to Revenue (P/Rev)	2.06	2.42	2.66	2.91	2.83	3.35	3.28	2.76	3.06	3.01	3.03
Price to Earnings (P/E)	18.05	19.05	20.18	21.64	20.72	26.27	26.18	22.16	24.77	23.27	23.22
Dividend Yield	0.93%	0.81%	0.76%	0.73%	0.77%	0.67%	0.68%	0.82%	0.76%	0.81%	0.84%
Earnings Yield	5.54%	5.25%	4.96%	4.62%	4.83%	3.81%	3.82%	4.51%	4.04%	4.30%	4.31%
Enterprise Value to Invested Capital (EV/IC)	3.41	4.07	4.33	4.59	4.58	4.68	4.45	3.82	4.28	4.34	4.08
Enterprise Value to Revenue (EV/Rev)	2.04	2.34	2.57	2.81	2.70	3.32	3.30	2.75	3.02	2.92	2.97
Enterprise Value to EBITDA (EV/EBITDA)	11.34	13.09	13.95	15.06	14.34	17.36	17.36	14.40	15.73	14.76	15.25
Enterprise Value to EBIT (EV/EBIT)	12.86	14.74	15.63	16.85	16.03	19.50	19.59	16.31	17.94	16.81	17.43
Enterprise Value to NOPAT (EV/NOPAT)	17.51	17.97	19.13	20.60	19.62	25.97	26.23	21.86	24.07	22.36	22.53
Enterprise Value to Operating Cash Flow (EV/OCF)	30.17	20.66	19.72	20.04	16.05	21.99	22.03	17.87	20.60	18.24	17.96
Enterprise Value to Free Cash Flow (EV/FCFF)	33.16	23.95	22.91	26.64	20.89	0.00	0.00	0.00	0.00	27.67	25.50
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.15	0.11	0.11	0.07	0.07	0.20	0.18	0.16	0.13	0.12	0.11
Long-Term Debt to Equity	0.15	0.11	0.11	0.07	0.07	0.20	0.18	0.16	0.13	0.12	0.11
Financial Leverage	-0.05	-0.11	-0.08	-0.09	-0.11	-0.08	-0.04	-0.07	-0.11	-0.08	-0.03
Leverage Ratio	1.59	1.53	1.55	1.51	1.47	1.51	1.49	1.45	1.41	1.46	1.45
Compound Leverage Factor	1.56	1.49	1.53	1.51	1.49	1.50	1.46	1.42	1.38	1.46	1.45
Debt to Total Capital	13.12%	10.19%	9.90%	6.48%	6.33%	16.47%	15.45%	13.78%	11.14%	10.34%	10.01%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	13.12%	10.19%	9.90%	6.48%	6.33%	16.47%	15.45%	13.78%	11.14%	10.34%	10.01%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	86.88%	89.81%	90.10%	93.52%	93.67%	83.53%	84.55%	86.22%	88.86%	89.66%	89.99%
Debt to EBITDA	0.52	0.42	0.40	0.26	0.26	0.76	0.69	0.61	0.49	0.44	0.45
Net Debt to EBITDA	-0.11	-0.46	-0.45	-0.52	-0.70	-0.13	0.11	-0.05	-0.21	-0.43	-0.32
Long-Term Debt to EBITDA	0.52	0.42	0.40	0.26	0.26	0.76	0.69	0.61	0.49	0.44	0.45
Debt to NOPAT	0.80	0.57	0.55	0.36	0.35	1.13	1.05	0.93	0.75	0.67	0.67
Net Debt to NOPAT	-0.16	-0.63	-0.61	-0.71	-0.95	-0.20	0.17	-0.07	-0.32	-0.64	-0.47
Long-Term Debt to NOPAT	0.80	0.57	0.55	0.36	0.35	1.13	1.05	0.93	0.75	0.67	0.67
Altman Z-Score	5.64	6.63	7.01	8.05	8.23	7.13	7.42	6.84	7.91	7.99	7.61
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.48	2.51	2.56	2.53	2.74	2.61	2.48	2.50	2.55	2.59	2.46
Quick Ratio	1.26	1.44	1.47	1.39	1.63	1.50	1.33	1.39	1.43	1.53	1.42
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-48	6.95	22	14	48	-267	-343	-294	-340	11	40
Operating Cash Flow to CapEx	591.43%	3,825.00%	654.90%	1,032.31%	1,356.76%	1,027.10%	506.67%	3,877.27%	1,462.90%	1,162.50%	575.00%
Free Cash Flow to Firm to Interest Expense	-25.06	3.48	14.35	8.26	40.13	-70.37	-81.58	-71.61	-94.37	3.93	14.92
Operating Cash Flow to Interest Expense	21.79	68.85	22.27	39.47	83.67	28.92	10.86	20.80	25.19	49.82	20.44
Operating Cash Flow Less CapEx to Interest Expense	18.11	67.05	18.87	35.65	77.50	26.11	8.71	20.27	23.47	45.54	16.89
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.04	1.05	1.02	1.01	1.03	0.97	1.00	1.01	1.02	0.96	0.93
Accounts Receivable Turnover	7.80	8.71	7.48	7.41	7.81	8.33	7.49	7.63	8.23	8.78	7.38
Inventory Turnover	2.83	2.96	2.72	2.55	2.69	2.83	2.78	2.78	2.96	3.01	2.78
Fixed Asset Turnover	9.92	9.96	10.13	10.22	10.50	9.24	9.56	9.86	10.06	8.96	8.74
Accounts Payable Turnover	7.74	7.96	7.10	6.81	8.60	8.23	7.30	7.45	9.11	8.51	7.31
Days Sales Outstanding (DSO)	46.78	41.92	48.79	49.28	46.71	43.81	48.73	47.84	44.36	41.57	49.45
Days Inventory Outstanding (DIO)	129.04	123.24	133.98	143.34	135.85	129.10	131.44	131.46	123.29	121.35	131.19
Days Payable Outstanding (DPO)	47.14	45.86	51.39	53.58	42.45	44.33	50.02	48.97	40.08	42.90	49.94
Cash Conversion Cycle (CCC)	128.68	119.30	131.39	139.04	140.11	128.58	130.14	130.33	127.57	120.02	130.70
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,171	1,137	1,182	1,220	1,188	1,462	1,598	1,598	1,597	1,518	1,633
Invested Capital Turnover	1.75	1.79	1.71	1.68	1.71	1.58	1.55	1.58	1.62	1.51	1.39
Increase / (Decrease) in Invested Capital	108	64	44	62	17	324	416	377	410	57	34
Enterprise Value (EV)	3,988	4,629	5,116	5,604	5,434	6,835	7,115	6,098	6,829	6,587	6,656
Market Capitalization	4,025	4,792	5,280	5,798	5,699	6,887	7,068	6,119	6,921	6,777	6,796
Book Value per Share	$36.25	$39.07	$40.45	$42.39	$43.55	$45.41	$46.46	$48.49	$50.65	$51.24	$53.20
Tangible Book Value per Share	$15.32	$17.86	$19.28	$21.28	$22.68	$18.13	$17.26	$19.57	$21.65	$22.74	$22.82
Total Capital	1,390	1,448	1,494	1,512	1,550	1,812	1,835	1,877	1,901	1,905	1,969
Total Debt	182	148	148	98	98	298	284	259	212	197	197
Total Long-Term Debt	182	148	148	98	98	298	284	259	212	197	197
Net Debt	-37	-163	-164	-194	-265	-52	46	-21	-92	-190	-140
Capital Expenditures (CapEx)	7.00	3.60	5.10	6.50	7.40	11	9.00	2.20	6.20	12	9.60
Debt-free, Cash-free Net Working Capital (DFCFNWC)	339	261	306	326	299	305	366	357	344	279	321
Debt-free Net Working Capital (DFNWC)	558	572	618	618	661	655	603	636	648	666	658
Net Working Capital (NWC)	558	572	618	618	661	655	603	636	648	666	658
Net Nonoperating Expense (NNE)	1.19	2.65	0.93	-0.15	-0.75	1.01	1.14	1.50	0.67	0.00	0.68
Net Nonoperating Obligations (NNO)	-37	-163	-164	-194	-265	-52	46	-21	-92	-190	-140
Total Depreciation and Amortization (D&A)	10	9.10	10	10	11	13	13	13	14	14	14
Debt-free, Cash-free Net Working Capital to Revenue	17.36%	13.19%	15.38%	16.37%	14.85%	14.84%	16.96%	16.08%	15.23%	12.37%	14.34%
Debt-free Net Working Capital to Revenue	28.61%	28.89%	31.07%	31.00%	32.89%	31.86%	27.96%	28.67%	28.69%	29.55%	29.38%
Net Working Capital to Revenue	28.61%	28.89%	31.07%	31.00%	32.89%	31.86%	27.96%	28.67%	28.69%	29.55%	29.38%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.76	$2.05	$1.94	$2.27	$1.97	$1.67	$2.17	$2.44	$2.07	$2.02	$2.21
Adjusted Weighted Average Basic Shares Outstanding	33.40M	33.50M	33.40M	33.50M	33.40M	33.40M	33.40M	33.50M	33.50M	33.50M	33.50M
Adjusted Diluted Earnings per Share	$1.75	$2.05	$1.93	$2.26	$1.96	$1.67	$2.17	$2.44	$2.06	$2.02	$2.21
Adjusted Weighted Average Diluted Shares Outstanding	33.50M	33.60M	33.50M	33.60M	33.50M	33.50M	33.50M	33.50M	33.50M	33.50M	33.50M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	33.29M	33.27M	33.37M	33.34M	33.33M	33.31M	33.37M	33.35M	33.33M	33.32M	33.38M
Normalized Net Operating Profit after Tax (NOPAT)	61	51	65	77	65	59	75	84	73	68	89
Normalized NOPAT Margin	12.54%	10.24%	13.86%	14.44%	12.96%	10.86%	13.08%	14.00%	13.51%	12.62%	16.02%
Pre Tax Income Margin	16.15%	12.89%	17.70%	18.88%	17.47%	14.12%	16.68%	18.33%	16.98%	16.47%	15.57%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	42.37	33.20	56.40	59.41	72.50	20.50	23.17	27.24	26.06	31.79	32.33
NOPAT to Interest Expense	31.52	35.63	43.75	44.56	54.21	14.92	17.56	20.37	19.38	24.11	27.66
EBIT Less CapEx to Interest Expense	38.68	31.40	53.00	55.59	66.33	17.68	21.02	26.71	24.33	27.50	28.78
NOPAT Less CapEx to Interest Expense	27.84	33.83	40.35	40.73	48.04	12.11	15.42	19.83	17.66	19.82	24.10
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	17.13%	15.71%	15.51%	15.86%	16.18%	17.74%	17.96%	18.44%	19.04%	19.06%	19.75%
Augmented Payout Ratio	48.21%	43.30%	27.05%	21.84%	22.00%	23.85%	24.00%	24.38%	25.23%	24.90%	25.53%

Frequently Asked Questions About Watts Water Technologies' Financials

When does Watts Water Technologies's financial year end?

According to the most recent income statement we have on file, Watts Water Technologies' fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Watts Water Technologies' net income changed over the last 9 years?

Watts Water Technologies' net income appears to be on an upward trend, with a most recent value of $291.20 million in 2024, falling from -$112.90 million in 2015. The previous period was $262.10 million in 2023. Check out Watts Water Technologies' forecast to explore projected trends and price targets.

What is Watts Water Technologies's operating income?

Watts Water Technologies's total operating income in 2024 was $390.40 million, based on the following breakdown:

Total Gross Profit: $1.06 billion
Total Operating Expenses: $671.60 million

How has Watts Water Technologies revenue changed over the last 9 years?

Over the last 9 years, Watts Water Technologies' total revenue changed from $1.47 billion in 2015 to $2.25 billion in 2024, a change of 53.5%.

How much debt does Watts Water Technologies have?

Watts Water Technologies' total liabilities were at $689.10 million at the end of 2024, a 13.4% decrease from 2023, and a 30.1% decrease since 2015.

How much cash does Watts Water Technologies have?

In the past 9 years, Watts Water Technologies' cash and equivalents has ranged from $204.10 million in 2018 to $386.90 million in 2024, and is currently $386.90 million as of their latest financial filing in 2024.

How has Watts Water Technologies' book value per share changed over the last 9 years?

Over the last 9 years, Watts Water Technologies' book value per share changed from 20.42 in 2015 to 51.24 in 2024, a change of 150.9%.

Related Companies

This page (NYSE:WTS) was last updated on 6/12/2025 by MarketBeat.com Staff

From Our Partners

Get 30 Days of MarketBeat All Access for Free

Start Your 30-Day Trial

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Watts Water Technologies (WTS) Financials

Frequently Asked Questions About Watts Water Technologies' Financials

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

Watts Water Technologies (WTS) Financials

Annual Income Statements for Watts Water Technologies

Quarterly Income Statements for Watts Water Technologies

Annual Cash Flow Statements for Watts Water Technologies

Quarterly Cash Flow Statements for Watts Water Technologies

Annual Balance Sheets for Watts Water Technologies

Quarterly Balance Sheets for Watts Water Technologies

Annual Metrics And Ratios for Watts Water Technologies

Quarterly Metrics And Ratios for Watts Water Technologies

Frequently Asked Questions About Watts Water Technologies' Financials

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools