Watts Water Technologies (WTS) Financials

$303.00 +3.00 (+1.00%)

As of 12:26 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	2025
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	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-113	84	73	128	132	114	166	252	262	291	341
Consolidated Net Income / (Loss)	-113	84	73	128	132	114	166	252	262	291	341
Net Income / (Loss) Continuing Operations	-113	84	73	128	132	114	0.00	252	262	291	341
Total Pre-Tax Income	-111	128	143	175	184	167	234	308	350	386	446
Total Operating Income	-90	145	162	188	197	181	240	315	351	390	448
Total Gross Profit	553	566	602	657	678	625	767	874	961	1,062	1,206
Total Revenue	1,468	1,398	1,457	1,565	1,601	1,509	1,809	1,980	2,056	2,252	2,439
Operating Revenue	1,468	1,398	1,457	1,565	1,601	1,509	1,809	1,980	2,056	2,252	2,439
Total Cost of Revenue	915	833	854	908	923	883	1,042	1,105	1,095	1,190	1,233
Operating Cost of Revenue	915	833	854	908	923	883	1,042	1,105	1,095	1,190	1,233
Total Operating Expenses	643	421	440	468	480	444	528	559	610	672	758
Selling, General & Admin Expense	491	424	432	465	476	434	508	549	605	664	734
Restructuring Charge	21	4.70	6.80	3.40	4.30	9.90	19	11	5.50	7.20	24
Total Other Income / (Expense), net	-21	-17	-19	-14	-13	-14	-5.50	-7.40	-1.40	-4.40	-2.30
Interest Expense	24	23	19	16	14	13	6.30	7.00	8.20	15	11
Interest & Investment Income	1.00	1.00	1.00	0.80	0.40	0.20	0.00	0.60	7.20	8.90	9.80
Other Income / (Expense), net	2.40	4.40	-1.10	1.70	0.50	-1.00	0.80	-1.00	-0.40	1.40	-1.30
Income Tax Expense	1.90	44	70	47	52	53	68	56	87	95	105
Basic Earnings per Share	($3.24)	$2.45	$2.12	$3.73	$3.86	$3.37	$4.90	$7.51	$7.85	$8.70	$10.17
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	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	$10.17
Weighted Average Diluted Shares Outstanding	34.90M	34.50M	34.40M	34.30M	34.20M	34M	33.90M	33.60M	33.50M	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	33.34M
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	$1.99

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 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/24/2023	12/31/2023	3/31/2024	6/30/2024	9/29/2024	12/31/2024	3/30/2025	6/29/2025	9/28/2025	12/31/2025	3/29/2026
Net Income / (Loss) Attributable to Common Shareholders	66	56	73	82	69	68	74	101	82	84	100
Consolidated Net Income / (Loss)	66	56	73	82	69	68	74	101	82	84	100
Net Income / (Loss) Continuing Operations	66	196	73	82	69	222	74	101	82	84	100
Total Pre-Tax Income	88	77	95	110	92	89	87	135	111	113	131
Total Operating Income	87	79	97	112	93	89	88	135	111	114	133
Total Gross Profit	234	256	268	285	257	253	273	326	298	309	326
Total Revenue	504	548	571	597	544	540	558	644	612	625	677
Operating Revenue	504	548	571	597	544	540	558	644	612	625	677
Total Cost of Revenue	270	292	303	313	287	288	286	318	313	316	351
Operating Cost of Revenue	270	292	303	313	287	288	286	318	313	316	351
Total Operating Expenses	147	177	171	173	164	164	185	191	187	196	193
Selling, General & Admin Expense	147	173	170	173	159	163	168	187	185	194	193
Restructuring Charge	0.40	3.80	1.20	0.20	4.90	0.90	17	3.40	1.90	1.10	0.20
Total Other Income / (Expense), net	1.00	-1.40	-1.50	-2.00	-0.90	-	-0.80	-0.60	-0.40	-0.50	-1.60
Interest Expense	1.20	3.80	4.20	4.10	3.60	2.80	2.70	2.70	2.70	2.70	2.60
Interest & Investment Income	2.30	3.20	2.10	1.90	2.10	2.80	2.30	2.30	2.50	2.70	1.70
Other Income / (Expense), net	-0.10	-0.80	0.60	0.20	0.60	-	-0.40	-0.20	-0.20	-0.50	-0.70
Income Tax Expense	22	22	23	28	23	22	13	34	29	30	32
Basic Earnings per Share	$1.97	$1.67	$2.17	$2.44	$2.07	$2.02	$2.21	$3.01	$2.45	$2.50	$2.97
Weighted Average Basic Shares Outstanding	33.40M	33.40M	33.40M	33.50M	33.50M	33.50M	33.50M	33.50M	33.50M	33.50M	33.50M
Diluted Earnings per Share	$1.96	$1.67	$2.17	$2.44	$2.06	$2.02	$2.21	$3.01	$2.45	$2.50	$2.97
Weighted Average Diluted Shares Outstanding	33.50M	33.50M	33.50M	33.50M	33.50M	33.50M	33.50M	33.50M	33.50M	33.50M	33.50M
Weighted Average Basic & Diluted Shares Outstanding	33.33M	33.31M	33.37M	33.35M	33.33M	33.32M	33.38M	33.36M	33.35M	33.34M	33.39M
Cash Dividends to Common per Share	$0.36	$0.36	$0.36	$0.43	$0.43	$0.43	$0.43	$0.52	$0.52	$0.52	$0.52

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	2025
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	12/31/2025
Net Change in Cash & Equivalents	-4.90	42	-58	-76	16	-0.80	23	69	39	37	19
Net Cash From Operating Activities	109	138	156	169	194	229	181	224	311	361	402
Net Cash From Continuing Operating Activities	109	138	156	169	194	229	181	224	311	361	402
Net Income / (Loss) Continuing Operations	-113	84	73	128	132	114	166	252	262	291	341
Consolidated Net Income / (Loss)	-113	84	73	128	132	114	166	252	262	291	341
Depreciation Expense	32	30	30	29	31	31	31	28	30	35	36
Amortization Expense	21	21	23	20	16	15	14	12	13	20	22
Non-Cash Adjustments To Reconcile Net Income	203	6.80	16	14	19	17	24	18	20	14	22
Changes in Operating Assets and Liabilities, net	-33	-4.10	15	-21	-2.70	51	-54	-85	-15	1.20	-19
Net Cash From Investing Activities	-17	-114	-27	-36	-72	-55	-31	-23	-343	-125	-303
Net Cash From Continuing Investing Activities	-17	-114	-27	-36	-72	-55	-31	-23	-343	-125	-303
Purchase of Property, Plant & Equipment	-28	-36	-29	-36	-29	-44	-27	-28	-30	-35	-46
Acquisitions	-20	-88	-1.40	-2.40	-43	-15	-9.10	0.00	-313	-96	-257
Sale of Property, Plant & Equipment	31	10	3.50	2.20	0.10	2.20	5.10	5.20	0.00	5.90	0.00
Other Investing Activities, net	-	-	-	-	-	-	-	0.00	0.00	1.00	0.00
Net Cash From Financing Activities	-71	28	-205	-203	-106	-182	-119	-122	69	-191	-97
Net Cash From Continuing Financing Activities	-71	28	-205	-203	-106	-182	-119	-122	69	-191	-97
Repayment of Debt	-6.00	-618	-178	-195	-127	-520	-97	-80	-90	-102	0.00
Repurchase of Common Equity	-45	-27	-18	-26	-20	-29	-16	-69	-16	-17	-16
Payment of Dividends	-23	-25	-26	-28	-31	-31	-34	-40	-47	-56	-67
Issuance of Debt	0.00	689	20	50	82	408	40	85	240	0.00	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	0.00
Other Financing Activities, net	0.30	-	-4.90	-6.60	-12	-9.90	-11	-18	-19	-16	-14
Effect of Exchange Rate Changes	-26	-9.60	19	-6.70	-1.00	7.10	-	-11	2.60	-9.10	16
Cash Interest Paid	23	20	19	19	17	12	6.90	5.70	7.70	13	9.90
Cash Income Taxes Paid	25	34	39	55	51	46	73	86	116	117	74

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 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/24/2023	12/31/2023	3/31/2024	6/30/2024	9/29/2024	12/31/2024	3/30/2025	6/29/2025	9/28/2025	12/31/2025	3/29/2026
Net Change in Cash & Equivalents	71	-13	-113	42	25	83	-50	33	88	-52	-31
Net Cash From Operating Activities	100	110	46	85	91	140	55	70	122	155	18
Net Cash From Continuing Operating Activities	100	110	46	85	91	140	55	70	122	155	18
Net Income / (Loss) Continuing Operations	66	56	73	82	69	68	74	101	82	84	100
Consolidated Net Income / (Loss)	66	56	73	82	69	68	74	101	82	84	100
Depreciation Expense	7.50	8.30	8.60	8.30	9.00	8.70	8.80	9.10	9.10	9.20	9.40
Amortization Expense	3.00	4.20	4.70	5.10	5.10	4.90	4.90	5.40	5.70	6.20	6.60
Non-Cash Adjustments To Reconcile Net Income	5.00	5.70	3.00	2.90	4.40	4.00	3.00	6.70	5.70	6.10	5.20
Changes in Operating Assets and Liabilities, net	19	36	-43	-13	3.10	54	-36	-52	20	50	-103
Net Cash From Investing Activities	-7.80	-312	-110	2.30	-5.20	-12	-80	-26	-12	-186	-13
Net Cash From Continuing Investing Activities	-7.80	-312	-110	2.30	-5.20	-12	-80	-26	-12	-186	-13
Purchase of Property, Plant & Equipment	-7.40	-11	-10	-6.80	-6.40	-12	-9.60	-10	-12	-14	-11
Acquisitions	-0.40	-301	-101	4.50	-	-	-70	-15	-	-171	-1.90
Net Cash From Financing Activities	-17	183	-45	-44	-67	-34	-30	-22	-22	-22	-35
Net Cash From Continuing Financing Activities	-17	183	-45	-44	-67	-34	-30	-22	-22	-22	-35
Repurchase of Common Equity	-4.00	-4.30	-4.00	-4.10	-4.90	-4.00	-3.90	-4.00	-3.90	-4.20	-3.80
Payment of Dividends	-12	-12	-12	-15	-14	-14	-14	-18	-17	-18	-18
Other Financing Activities, net	-0.80	-0.80	-14	-0.60	-0.70	-0.90	-12	-0.80	-0.90	-0.70	-14
Effect of Exchange Rate Changes	-	6.70	-	-	-	-10	4.50	-	-0.30	1.30	-0.70
Cash Interest Paid	0.90	3.90	3.20	3.80	3.10	2.60	2.40	2.50	2.50	2.50	2.40
Cash Income Taxes Paid	29	29	14	47	28	28	5.10	48	6.80	15	6.80

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	2025
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	12/31/2025
Total Assets	1,691	1,763	1,737	1,654	1,723	1,738	1,856	1,931	2,309	2,397	2,881
Total Current Assets	809	819	784	721	735	710	862	951	1,061	1,084	1,286
Cash & Equivalents	296	338	280	204	220	219	242	311	350	387	406
Accounts Receivable	186	198	216	206	220	198	221	234	260	253	294
Inventories, net	240	239	259	287	270	264	371	376	399	392	524
Prepaid Expenses	46	41	27	25	25	29	28	30	52	51	62
Plant, Property, & Equipment, net	184	190	199	202	200	212	201	197	248	255	297
Plant, Property & Equipment, gross	-	498	526	537	558	609	609	596	677	692	777
Accumulated Depreciation	-	308	327	336	358	396	408	399	429	437	480
Total Noncurrent Assets	697	754	754	731	788	816	793	784	1,000	1,059	1,298
Goodwill	489	533	551	545	581	602	601	592	693	715	859
Intangible Assets	193	203	185	165	151	142	129	114	216	235	295
Noncurrent Deferred & Refundable Income Taxes	3.70	3.00	1.60	1.60	2.70	4.40	3.50	18	24	36	18
Other Noncurrent Operating Assets	12	16	17	19	53	68	61	60	68	72	127
Total Liabilities & Shareholders' Equity	1,691	1,763	1,737	1,654	1,723	1,738	1,856	1,931	2,309	2,397	2,881
Total Liabilities	986	1,027	908	762	745	668	682	630	796	689	854
Total Current Liabilities	295	426	327	349	419	313	409	379	406	418	512
Accounts Payable	102	101	124	127	123	110	143	134	132	148	182
Current Employee Benefit Liabilities	47	49	55	61	58	65	78	70	84	79	96
Other Current Liabilities	146	137	126	131	133	137	187	175	190	191	235
Total Noncurrent Liabilities	691	601	580	414	326	356	274	252	390	271	341
Long-Term Debt	574	511	475	323	204	198	142	148	298	197	198
Noncurrent Deferred & Payable Income Tax Liabilities	72	49	55	39	39	51	41	26	14	11	37
Other Noncurrent Operating Liabilities	45	42	50	52	83	106	92	78	79	63	107
Total Equity & Noncontrolling Interests	705	736	829	891	978	1,070	1,173	1,301	1,513	1,708	2,028
Total Preferred & Common Equity	705	736	829	891	978	1,070	1,173	1,301	1,513	1,708	2,028
Preferred Stock	0.00	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	2,028
Common Stock	515	539	555	572	595	610	635	655	678	700	724
Retained Earnings	318	349	373	441	514	560	666	795	979	1,185	1,431
Accumulated Other Comprehensive Income / (Loss)	-128	-151	-99	-121	-131	-100	-127	-150	-143	-176	-128

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	Q2 2025	Q3 2025	Q1 2026
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	6/29/2025	9/28/2025	3/29/2026
Total Assets	1,886	1,990	2,004	2,018	2,332	2,383	2,399	2,501	2,645	2,725	2,940
Total Current Assets	937	1,014	1,023	1,042	1,010	1,061	1,066	1,108	1,214	1,314	1,348
Cash & Equivalents	220	312	292	363	237	279	304	337	369	458	375
Accounts Receivable	257	270	271	258	306	311	292	301	338	324	374
Inventories, net	423	401	422	386	424	426	420	419	449	459	543
Prepaid Expenses	38	31	38	35	44	45	50	51	59	74	56
Plant, Property, & Equipment, net	189	196	196	194	255	254	255	258	265	267	296
Plant, Property & Equipment, gross	578	603	612	610	684	684	700	713	740	749	781
Accumulated Depreciation	389	407	416	416	429	429	445	455	474	482	485
Total Noncurrent Assets	760	780	785	782	1,067	1,068	1,078	1,136	1,166	1,144	1,295
Goodwill	583	594	596	591	724	720	726	761	782	781	860
Intangible Assets	115	111	109	105	251	246	242	252	252	247	287
Noncurrent Deferred & Refundable Income Taxes	3.50	18	20	20	22	28	35	39	43	20	19
Other Noncurrent Operating Assets	59	58	61	67	71	75	77	85	89	96	130
Total Liabilities & Shareholders' Equity	1,886	1,990	2,004	2,018	2,332	2,383	2,399	2,501	2,645	2,725	2,940
Total Liabilities	678	644	590	566	781	765	710	729	753	769	844
Total Current Liabilities	379	396	405	380	407	425	418	450	468	464	496
Accounts Payable	132	151	153	121	163	163	141	158	177	156	189
Current Employee Benefit Liabilities	73	62	70	78	58	63	76	62	72	89	73
Other Current Liabilities	174	183	182	181	187	198	201	229	220	219	234
Total Noncurrent Liabilities	299	248	185	185	373	341	293	279	284	305	348
Long-Term Debt	182	148	98	98	284	259	212	197	197	198	198
Noncurrent Deferred & Payable Income Tax Liabilities	34	26	18	11	13	13	12	11	12	27	43
Other Noncurrent Operating Liabilities	83	75	70	76	77	69	69	71	75	81	107
Total Equity & Noncontrolling Interests	1,208	1,346	1,414	1,452	1,552	1,618	1,689	1,772	1,892	1,957	2,096
Total Preferred & Common Equity	1,208	1,346	1,414	1,452	1,552	1,618	1,689	1,772	1,892	1,957	2,096
Preferred Stock	0.00	0.00	0.00	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	1,892	1,957	2,096
Common Stock	650	661	667	672	684	690	695	705	712	718	732
Retained Earnings	741	832	890	940	1,023	1,086	1,136	1,230	1,309	1,369	1,497
Accumulated Other Comprehensive Income / (Loss)	-184	-147	-143	-160	-155	-158	-142	-163	-128	-130	-132

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	2025
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	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-3.04%	-4.72%	4.17%	7.43%	2.27%	-5.74%	19.93%	9.41%	3.88%	9.53%	8.27%
EBITDA Growth	-123.40%	669.89%	6.38%	11.81%	2.35%	-7.21%	25.99%	23.89%	11.34%	13.31%	13.22%
EBIT Growth	-185.73%	270.35%	7.90%	17.93%	3.95%	-8.86%	33.48%	30.62%	11.62%	11.78%	14.04%
NOPAT Growth	-198.86%	251.47%	-13.21%	66.59%	2.04%	-12.05%	36.82%	51.86%	2.17%	11.92%	16.31%
Net Income Growth	-324.45%	174.58%	-13.18%	75.10%	2.73%	-13.08%	44.97%	51.78%	4.21%	11.10%	17.03%
EPS Growth	-328.17%	175.31%	-13.11%	75.94%	3.22%	-12.73%	45.24%	53.28%	4.55%	11.13%	17.03%
Operating Cash Flow Growth	-19.08%	26.23%	12.89%	8.66%	14.52%	17.94%	-20.98%	23.89%	38.75%	16.18%	11.33%
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%	-82.92%
Invested Capital Growth	-17.46%	6.43%	-0.08%	-0.36%	2.59%	-1.72%	2.29%	5.99%	28.49%	3.87%	19.89%
Revenue Q/Q Growth	-1.22%	-1.15%	1.70%	1.38%	0.80%	0.21%	4.05%	1.43%	2.27%	-0.31%	3.60%
EBITDA Q/Q Growth	-144.39%	286.51%	2.45%	2.67%	1.16%	2.95%	2.62%	0.57%	3.93%	2.81%	5.43%
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%	5.73%
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%	5.08%
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%	4.99%
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%	4.95%
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%	3.93%
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%	-82.04%
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%	7.27%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	37.68%	40.45%	41.35%	41.95%	42.33%	41.46%	42.40%	44.17%	46.73%	47.15%	49.46%
EBITDA Margin	-2.40%	14.35%	14.65%	15.25%	15.26%	15.02%	15.78%	17.87%	19.15%	19.81%	20.72%
Operating Margin	-6.14%	10.37%	11.14%	12.04%	12.31%	12.00%	13.24%	15.91%	17.06%	17.33%	18.38%
EBIT Margin	-5.98%	10.68%	11.07%	12.15%	12.35%	11.94%	13.29%	15.86%	17.05%	17.40%	18.32%
Profit (Net Income) Margin	-7.69%	6.02%	5.02%	8.18%	8.22%	7.58%	9.16%	12.71%	12.75%	12.93%	13.98%
Tax Burden Percent	101.71%	65.88%	51.08%	73.31%	71.51%	68.44%	70.78%	81.76%	74.99%	75.44%	76.45%
Interest Burden Percent	126.57%	85.54%	88.77%	91.85%	93.07%	92.73%	97.38%	97.96%	99.71%	98.52%	99.78%
Effective Tax Rate	0.00%	34.12%	48.92%	26.69%	28.49%	31.56%	29.22%	18.24%	25.01%	24.56%	23.55%
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%	20.53%
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%	21.41%
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%	-2.28%
Return on Equity (ROE)	-13.96%	11.68%	9.34%	14.88%	14.07%	11.16%	14.77%	20.33%	18.63%	18.08%	18.25%
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%	2.44%
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%	16.93%
Return on Assets (ROA)	-6.21%	4.88%	4.18%	7.55%	7.79%	6.60%	9.22%	13.28%	12.36%	12.37%	12.91%
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%	18.25%
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%	0.00%
Net Operating Profit after Tax (NOPAT)	-63	96	83	138	141	124	170	258	263	295	343
NOPAT Margin	-4.30%	6.83%	5.69%	8.83%	8.81%	8.22%	9.37%	13.01%	12.80%	13.08%	14.05%
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%	-0.88%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	17.78%	14.53%	15.46%	15.39%
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%	50.54%
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%	30.11%
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	43.82%	30.08%	30.21%	29.91%	30.02%	29.45%	29.16%	28.25%	29.66%	29.82%	31.08%
Earnings before Interest and Taxes (EBIT)	-88	149	161	190	198	180	240	314	351	392	447
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-35	201	213	239	244	227	286	354	394	446	505
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	4.54
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	10.53
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	3.78
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	27.01
Dividend Yield	1.44%	1.17%	1.05%	1.33%	0.94%	0.78%	0.53%	0.81%	0.67%	0.81%	0.72%
Earnings Yield	0.00%	4.04%	2.98%	6.09%	4.03%	2.87%	2.59%	5.25%	3.81%	4.30%	3.70%
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	4.94
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	3.69
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	17.81
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	20.14
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	26.27
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	22.38
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	221.31
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	0.10
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	0.10
Financial Leverage	0.34	0.41	0.34	0.21	0.13	0.03	-0.05	-0.11	-0.08	-0.08	-0.11
Leverage Ratio	2.25	2.40	2.24	1.97	1.81	1.69	1.60	1.53	1.51	1.46	1.41
Compound Leverage Factor	2.85	2.05	1.98	1.81	1.68	1.57	1.56	1.50	1.50	1.44	1.41
Debt to Total Capital	44.94%	46.90%	37.49%	28.39%	24.02%	15.63%	10.79%	10.19%	16.47%	10.34%	8.88%
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%	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%	8.88%
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	55.06%	53.10%	62.51%	71.61%	75.98%	84.37%	89.21%	89.81%	83.53%	89.66%	91.12%
Debt to EBITDA	-16.34	3.24	2.33	1.48	1.27	0.87	0.50	0.42	0.76	0.44	0.39
Net Debt to EBITDA	-7.93	1.56	1.02	0.63	0.37	-0.09	-0.35	-0.46	-0.13	-0.43	-0.41
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	0.39
Debt to NOPAT	-9.12	6.81	6.00	2.56	2.19	1.60	0.84	0.57	1.13	0.67	0.58
Net Debt to NOPAT	-4.43	3.27	2.62	1.08	0.64	-0.17	-0.59	-0.63	-0.20	-0.64	-0.61
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	0.58
Altman Z-Score	2.29	2.84	3.38	3.62	4.57	5.51	7.83	7.06	7.52	8.40	8.85
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	2.74	1.93	2.39	2.07	1.75	2.27	2.11	2.51	2.61	2.59	2.51
Quick Ratio	1.64	1.26	1.52	1.17	1.05	1.33	1.13	1.44	1.50	1.53	1.37
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	145	32	84	142	114	142	146	193	-61	238	41
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%	879.65%
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	3.76
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	37.22
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	32.99
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.81	0.81	0.83	0.92	0.95	0.87	1.01	1.05	0.97	0.96	0.92
Accounts Receivable Turnover	7.45	7.28	7.04	7.42	7.53	7.23	8.65	8.71	8.33	8.78	8.91
Inventory Turnover	3.44	3.47	3.43	3.33	3.31	3.31	3.29	2.96	2.83	3.01	2.69
Fixed Asset Turnover	7.57	7.48	7.50	7.82	7.96	7.32	8.76	9.96	9.24	8.96	8.84
Accounts Payable Turnover	8.22	8.21	7.60	7.24	7.37	7.57	8.22	7.96	8.23	8.51	7.47
Days Sales Outstanding (DSO)	49.02	50.17	51.88	49.17	48.50	50.49	42.22	41.92	43.81	41.57	40.95
Days Inventory Outstanding (DIO)	106.08	105.06	106.49	109.67	110.11	110.28	111.08	123.24	129.10	121.35	135.69
Days Payable Outstanding (DPO)	44.40	44.44	48.04	50.43	49.53	48.23	44.39	45.86	44.33	42.90	48.89
Cash Conversion Cycle (CCC)	110.69	110.78	110.33	108.41	109.08	112.55	108.90	119.30	128.58	120.02	127.75
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	982	1,045	1,044	1,041	1,068	1,049	1,073	1,137	1,462	1,518	1,820
Invested Capital Turnover	1.35	1.38	1.39	1.50	1.52	1.43	1.71	1.79	1.58	1.51	1.46
Increase / (Decrease) in Invested Capital	-208	63	-0.80	-3.80	27	-18	24	64	324	57	302
Enterprise Value (EV)	1,861	2,396	2,667	2,250	3,350	3,966	6,301	4,629	6,835	6,587	8,998
Market Capitalization	1,582	2,084	2,450	2,101	3,261	3,987	6,401	4,792	6,887	6,777	9,206
Book Value per Share	$20.42	$21.51	$24.28	$26.14	$28.87	$31.80	$34.89	$39.07	$45.41	$51.24	$60.80
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	$26.21
Total Capital	1,280	1,387	1,326	1,245	1,287	1,268	1,315	1,448	1,812	1,905	2,225
Total Debt	575	650	497	353	309	198	142	148	298	197	198
Total Long-Term Debt	574	511	475	323	204	198	142	148	298	197	198
Net Debt	279	312	217	149	90	-21	-100	-163	-52	-190	-208
Capital Expenditures (CapEx)	-3.10	26	26	34	29	42	22	23	30	29	46
Debt-free, Cash-free Net Working Capital (DFCFNWC)	219	195	199	199	201	178	211	261	305	279	368
Debt-free Net Working Capital (DFNWC)	515	533	479	403	421	397	453	572	655	666	774
Net Working Capital (NWC)	514	394	456	373	316	397	453	572	655	666	774
Net Nonoperating Expense (NNE)	50	11	9.81	10	9.44	9.65	3.89	6.05	1.05	3.32	1.76
Net Nonoperating Obligations (NNO)	277	309	215	149	90	-21	-100	-163	-52	-190	-208
Total Depreciation and Amortization (D&A)	53	51	52	49	47	47	45	40	43	54	58
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%	15.10%
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%	31.73%
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%	31.73%
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	$10.17
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	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	$10.17
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	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	34.17M	34.19M	34.07M	33.95M	33.86M	33.62M	33.60M	33.27M	33.31M	33.32M	33.34M
Normalized Net Operating Profit after Tax (NOPAT)	43	99	87	141	144	131	183	266	267	300	361
Normalized NOPAT Margin	2.95%	7.08%	5.97%	8.99%	9.00%	8.67%	10.13%	13.45%	13.00%	13.32%	14.79%
Pre Tax Income Margin	-7.56%	9.14%	9.82%	11.16%	11.49%	11.07%	12.94%	15.54%	17.00%	17.14%	18.28%
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	41.37
NOPAT to Interest Expense	-2.60	4.23	4.34	8.47	10.00	9.32	26.92	36.79	32.09	20.04	31.72
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	37.14
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	27.49
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%	19.63%
Augmented Payout Ratio	-59.96%	60.93%	60.33%	42.42%	38.71%	52.76%	30.36%	43.30%	23.85%	24.90%	24.33%

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

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/24/2023	12/31/2023	3/31/2024	6/30/2024	9/29/2024	12/31/2024	3/30/2025	6/29/2025	9/28/2025	12/31/2025	3/29/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	33,339,926.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	33,339,926.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	2.99
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	3.38%	9.09%	21.03%	12.11%	7.79%	-1.30%	-2.26%	7.77%	12.53%	15.67%	21.38%
EBITDA Growth	7.38%	19.74%	16.91%	12.40%	10.67%	13.50%	-8.68%	19.58%	16.77%	25.34%	46.83%
EBIT Growth	8.07%	17.32%	15.01%	10.59%	7.82%	14.25%	-10.28%	20.95%	18.55%	27.19%	51.55%
NOPAT Growth	8.62%	-20.41%	12.36%	10.23%	7.26%	19.03%	1.27%	21.38%	18.23%	24.55%	34.99%
Net Income Growth	12.10%	-18.80%	12.21%	8.04%	5.02%	21.18%	1.93%	23.05%	18.96%	24.00%	34.59%
EPS Growth	12.00%	-18.54%	12.44%	7.96%	5.10%	20.96%	1.84%	23.36%	18.93%	23.76%	34.39%
Operating Cash Flow Growth	142.51%	-20.19%	36.53%	27.12%	-9.66%	26.93%	21.05%	-18.29%	34.95%	10.90%	-67.57%
Free Cash Flow Firm Growth	201.14%	-3,946.97%	-1,691.54%	-2,189.83%	-805.51%	104.11%	111.76%	92.66%	94.97%	-2,080.28%	-561.72%
Invested Capital Growth	1.44%	28.49%	35.23%	30.90%	34.48%	3.87%	2.15%	7.69%	6.24%	19.89%	17.57%
Revenue Q/Q Growth	-5.35%	8.57%	4.27%	4.62%	-8.99%	-0.59%	3.26%	15.36%	-4.97%	2.19%	8.35%
EBITDA Q/Q Growth	-12.40%	-7.28%	22.35%	13.11%	-13.75%	-4.91%	-1.56%	48.12%	-15.78%	2.06%	15.32%
EBIT Q/Q Growth	-13.86%	-10.46%	24.90%	14.80%	-16.03%	-5.12%	-1.91%	54.75%	-17.69%	1.80%	16.87%
NOPAT Q/Q Growth	-14.12%	-12.83%	30.04%	13.23%	-16.44%	-3.26%	10.64%	35.71%	-18.60%	1.91%	19.92%
Net Income Q/Q Growth	-13.31%	-15.35%	30.34%	12.95%	-15.73%	-2.32%	9.63%	36.35%	-18.53%	1.82%	19.00%
EPS Q/Q Growth	-13.27%	-14.80%	29.94%	12.44%	-15.57%	-1.94%	9.41%	36.20%	-18.60%	2.04%	18.80%
Operating Cash Flow Q/Q Growth	49.63%	9.46%	-58.51%	87.06%	6.33%	53.80%	-60.43%	26.27%	75.61%	26.39%	-88.43%
Free Cash Flow Firm Q/Q Growth	242.75%	-655.29%	-28.15%	14.32%	-15.71%	103.24%	266.19%	-153.50%	20.63%	-1,173.58%	14.62%
Invested Capital Q/Q Growth	-2.70%	23.07%	9.35%	-0.04%	-0.03%	-4.95%	7.55%	5.38%	-1.38%	7.27%	5.47%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	46.48%	46.68%	46.86%	47.68%	47.30%	46.74%	48.84%	50.63%	48.78%	49.46%	48.15%
EBITDA Margin	19.33%	16.51%	19.37%	20.94%	19.85%	18.99%	18.10%	23.24%	20.60%	20.57%	21.90%
Operating Margin	17.27%	14.37%	16.94%	18.67%	17.15%	16.47%	15.72%	21.02%	18.21%	18.19%	19.64%
EBIT Margin	17.25%	14.23%	17.04%	18.70%	17.26%	16.47%	15.65%	20.99%	18.18%	18.11%	19.53%
Profit (Net Income) Margin	13.05%	10.17%	12.72%	13.73%	12.71%	12.49%	13.26%	15.68%	13.44%	13.39%	14.71%
Tax Burden Percent	74.69%	72.06%	76.26%	74.89%	74.86%	75.84%	85.16%	74.91%	74.05%	73.94%	75.80%
Interest Burden Percent	101.26%	99.23%	97.84%	98.03%	98.40%	100.00%	99.54%	99.70%	99.82%	100.00%	99.32%
Effective Tax Rate	25.31%	27.94%	23.74%	25.11%	25.14%	24.16%	14.84%	25.09%	25.95%	26.06%	24.20%
Return on Invested Capital (ROIC)	22.00%	16.39%	20.03%	22.03%	20.83%	18.88%	18.55%	21.69%	19.28%	19.65%	21.44%
ROIC Less NNEP Spread (ROIC-NNEP)	21.50%	17.33%	21.98%	23.42%	21.21%	18.88%	20.01%	22.16%	19.44%	19.84%	22.20%
Return on Net Nonoperating Assets (RNNOA)	-2.44%	-1.32%	-0.89%	-1.66%	-2.41%	-1.42%	-0.56%	-1.22%	-1.88%	-2.11%	-1.82%
Return on Equity (ROE)	19.56%	15.07%	19.14%	20.37%	18.42%	17.47%	17.99%	20.48%	17.40%	17.54%	19.62%
Cash Return on Invested Capital (CROIC)	22.06%	-4.69%	-10.44%	-6.96%	-9.03%	15.98%	16.16%	11.48%	13.75%	2.44%	4.61%
Operating Return on Assets (OROA)	17.77%	13.80%	17.00%	18.92%	17.65%	15.76%	14.50%	19.08%	16.70%	16.73%	18.37%
Return on Assets (ROA)	13.44%	9.87%	12.68%	13.89%	13.00%	11.95%	12.29%	14.25%	12.34%	12.37%	13.83%
Return on Common Equity (ROCE)	19.56%	15.07%	19.14%	20.37%	18.42%	17.47%	17.99%	20.48%	17.40%	17.54%	19.62%
Return on Equity Simple (ROE_SIMPLE)	18.94%	0.00%	17.40%	17.06%	16.54%	0.00%	16.51%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	65	57	74	83	70	68	75	101	82	84	101
NOPAT Margin	12.90%	10.36%	12.92%	13.98%	12.84%	12.49%	13.38%	15.74%	13.49%	13.45%	14.88%
Net Nonoperating Expense Percent (NNEP)	0.50%	-0.94%	-1.95%	-1.40%	-0.38%	0.00%	-1.46%	-0.47%	-0.17%	-0.19%	-0.77%
Return On Investment Capital (ROIC_SIMPLE)	-	3.13%	-	-	-	3.54%	3.79%	4.85%	3.83%	3.78%	4.39%
Cost of Revenue to Revenue	53.52%	53.32%	53.14%	52.32%	52.70%	53.26%	51.16%	49.37%	51.22%	50.54%	51.85%
SG&A Expenses to Revenue	29.13%	31.62%	29.71%	28.98%	29.25%	30.11%	30.02%	29.08%	30.26%	31.10%	28.48%
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	29.21%	32.31%	29.92%	29.01%	30.15%	30.27%	33.12%	29.61%	30.57%	31.28%	28.51%
Earnings before Interest and Taxes (EBIT)	87	78	97	112	94	89	87	135	111	113	132
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	98	90	111	125	108	103	101	150	126	129	148
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.92	4.55	4.55	3.78	4.10	3.97	3.83	4.34	4.75	4.54	4.56
Price to Tangible Book Value (P/TBV)	7.54	11.40	12.26	9.37	9.58	8.94	8.94	9.56	10.00	10.53	10.07
Price to Revenue (P/Rev)	2.83	3.35	3.28	2.76	3.06	3.01	3.03	3.59	3.95	3.78	3.74
Price to Earnings (P/E)	20.72	26.27	26.18	22.16	24.77	23.27	23.22	26.35	28.61	27.01	26.12
Dividend Yield	0.77%	0.67%	0.68%	0.82%	0.76%	0.81%	0.84%	0.74%	0.68%	0.72%	0.72%
Earnings Yield	4.83%	3.81%	3.82%	4.51%	4.04%	4.30%	4.31%	3.79%	3.49%	3.70%	3.83%
Enterprise Value to Invested Capital (EV/IC)	4.58	4.68	4.45	3.82	4.28	4.34	4.08	4.67	5.32	4.94	4.89
Enterprise Value to Revenue (EV/Rev)	2.70	3.32	3.30	2.75	3.02	2.92	2.97	3.52	3.84	3.69	3.67
Enterprise Value to EBITDA (EV/EBITDA)	14.34	17.36	17.36	14.40	15.73	14.76	15.25	17.43	18.84	17.81	17.00
Enterprise Value to EBIT (EV/EBIT)	16.03	19.50	19.59	16.31	17.94	16.81	17.43	19.83	21.36	20.14	19.10
Enterprise Value to NOPAT (EV/NOPAT)	19.62	25.97	26.23	21.86	24.07	22.36	22.53	25.65	27.69	26.27	25.47
Enterprise Value to Operating Cash Flow (EV/OCF)	16.05	21.99	22.03	17.87	20.60	18.24	17.96	22.63	23.34	22.38	25.75
Enterprise Value to Free Cash Flow (EV/FCFF)	20.89	0.00	0.00	0.00	0.00	27.67	25.50	42.21	39.88	221.31	114.65
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.07	0.20	0.18	0.16	0.13	0.12	0.11	0.10	0.10	0.10	0.09
Long-Term Debt to Equity	0.07	0.20	0.18	0.16	0.13	0.12	0.11	0.10	0.10	0.10	0.09
Financial Leverage	-0.11	-0.08	-0.04	-0.07	-0.11	-0.08	-0.03	-0.05	-0.10	-0.11	-0.08
Leverage Ratio	1.47	1.51	1.49	1.45	1.41	1.46	1.45	1.43	1.41	1.41	1.41
Compound Leverage Factor	1.49	1.50	1.46	1.42	1.38	1.46	1.45	1.43	1.40	1.41	1.40
Debt to Total Capital	6.33%	16.47%	15.45%	13.78%	11.14%	10.34%	10.01%	9.44%	9.17%	8.88%	8.62%
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	6.33%	16.47%	15.45%	13.78%	11.14%	10.34%	10.01%	9.44%	9.17%	8.88%	8.62%
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	93.67%	83.53%	84.55%	86.22%	88.86%	89.66%	89.99%	90.56%	90.83%	91.12%	91.38%
Debt to EBITDA	0.26	0.76	0.69	0.61	0.49	0.44	0.45	0.43	0.41	0.39	0.36
Net Debt to EBITDA	-0.70	-0.13	0.11	-0.05	-0.21	-0.43	-0.32	-0.37	-0.54	-0.41	-0.32
Long-Term Debt to EBITDA	0.26	0.76	0.69	0.61	0.49	0.44	0.45	0.43	0.41	0.39	0.36
Debt to NOPAT	0.35	1.13	1.05	0.93	0.75	0.67	0.67	0.63	0.61	0.58	0.54
Net Debt to NOPAT	-0.95	-0.20	0.17	-0.07	-0.32	-0.64	-0.47	-0.55	-0.80	-0.61	-0.48
Long-Term Debt to NOPAT	0.35	1.13	1.05	0.93	0.75	0.67	0.67	0.63	0.61	0.58	0.54
Altman Z-Score	8.23	7.13	7.42	6.84	7.91	7.99	7.61	8.61	9.33	8.47	8.89
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	2.74	2.61	2.48	2.50	2.55	2.59	2.46	2.59	2.83	2.51	2.72
Quick Ratio	1.63	1.50	1.33	1.39	1.43	1.53	1.42	1.51	1.68	1.37	1.51
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	48	-267	-343	-294	-340	11	40	-22	-17	-218	-186
Operating Cash Flow to CapEx	1,356.76%	1,027.10%	506.67%	3,877.27%	1,462.90%	1,162.50%	575.00%	683.33%	1,064.35%	1,074.31%	158.41%
Free Cash Flow to Firm to Interest Expense	40.13	-70.37	-81.58	-71.61	-94.37	3.93	14.92	-7.98	-6.33	-80.68	-71.53
Operating Cash Flow to Interest Expense	83.67	28.92	10.86	20.80	25.19	49.82	20.44	25.81	45.33	57.30	6.88
Operating Cash Flow Less CapEx to Interest Expense	77.50	26.11	8.71	20.27	23.47	45.54	16.89	22.04	41.07	51.96	2.54
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.03	0.97	1.00	1.01	1.02	0.96	0.93	0.91	0.92	0.92	0.94
Accounts Receivable Turnover	7.81	8.33	7.49	7.63	8.23	8.78	7.38	7.05	7.65	8.91	7.57
Inventory Turnover	2.69	2.83	2.78	2.78	2.96	3.01	2.78	2.69	2.74	2.69	2.70
Fixed Asset Turnover	10.50	9.24	9.56	9.86	10.06	8.96	8.74	8.80	9.01	8.84	9.23
Accounts Payable Turnover	8.60	8.23	7.30	7.45	9.11	8.51	7.31	6.93	8.11	7.47	7.48
Days Sales Outstanding (DSO)	46.71	43.81	48.73	47.84	44.36	41.57	49.45	51.75	47.72	40.95	48.20
Days Inventory Outstanding (DIO)	135.85	129.10	131.44	131.46	123.29	121.35	131.19	135.59	133.21	135.69	135.27
Days Payable Outstanding (DPO)	42.45	44.33	50.02	48.97	40.08	42.90	49.94	52.71	45.02	48.89	48.80
Cash Conversion Cycle (CCC)	140.11	128.58	130.14	130.33	127.57	120.02	130.70	134.63	135.91	127.75	134.67
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,188	1,462	1,598	1,598	1,597	1,518	1,633	1,720	1,697	1,820	1,919
Invested Capital Turnover	1.71	1.58	1.55	1.58	1.62	1.51	1.39	1.38	1.43	1.46	1.44
Increase / (Decrease) in Invested Capital	17	324	416	377	410	57	34	123	100	302	287
Enterprise Value (EV)	5,434	6,835	7,115	6,098	6,829	6,587	6,656	8,037	9,028	8,998	9,392
Market Capitalization	5,699	6,887	7,068	6,119	6,921	6,777	6,796	8,209	9,288	9,206	9,569
Book Value per Share	$43.55	$45.41	$46.46	$48.49	$50.65	$51.24	$53.20	$56.70	$58.65	$60.80	$62.88
Tangible Book Value per Share	$22.68	$18.13	$17.26	$19.57	$21.65	$22.74	$22.82	$25.72	$27.84	$26.21	$28.49
Total Capital	1,550	1,812	1,835	1,877	1,901	1,905	1,969	2,090	2,154	2,225	2,294
Total Debt	98	298	284	259	212	197	197	197	198	198	198
Total Long-Term Debt	98	298	284	259	212	197	197	197	198	198	198
Net Debt	-265	-52	46	-21	-92	-190	-140	-172	-260	-208	-177
Capital Expenditures (CapEx)	7.40	11	9.00	2.20	6.20	12	9.60	10	12	14	11
Debt-free, Cash-free Net Working Capital (DFCFNWC)	299	305	366	357	344	279	321	376	392	368	477
Debt-free Net Working Capital (DFNWC)	661	655	603	636	648	666	658	746	850	774	852
Net Working Capital (NWC)	661	655	603	636	648	666	658	746	850	774	852
Net Nonoperating Expense (NNE)	-0.75	1.01	1.14	1.50	0.67	0.00	0.68	0.45	0.30	0.37	1.21
Net Nonoperating Obligations (NNO)	-265	-52	46	-21	-92	-190	-140	-172	-260	-208	-177
Total Depreciation and Amortization (D&A)	11	13	13	13	14	14	14	15	15	15	16
Debt-free, Cash-free Net Working Capital to Revenue	14.85%	14.84%	16.96%	16.08%	15.23%	12.37%	14.34%	16.46%	16.67%	15.10%	18.66%
Debt-free Net Working Capital to Revenue	32.89%	31.86%	27.96%	28.67%	28.69%	29.55%	29.38%	32.62%	36.11%	31.73%	33.31%
Net Working Capital to Revenue	32.89%	31.86%	27.96%	28.67%	28.69%	29.55%	29.38%	32.62%	36.11%	31.73%	33.31%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.97	$1.67	$2.17	$2.44	$2.07	$2.02	$2.21	$3.01	$2.45	$2.50	$2.97
Adjusted Weighted Average Basic Shares Outstanding	33.40M	33.40M	33.40M	33.50M	33.50M	33.50M	33.50M	33.50M	33.50M	33.50M	33.50M
Adjusted Diluted Earnings per Share	$1.96	$1.67	$2.17	$2.44	$2.06	$2.02	$2.21	$3.01	$2.45	$2.50	$2.97
Adjusted Weighted Average Diluted Shares Outstanding	33.50M	33.50M	33.50M	33.50M	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	33.33M	33.31M	33.37M	33.35M	33.33M	33.32M	33.38M	33.36M	33.35M	33.34M	33.39M
Normalized Net Operating Profit after Tax (NOPAT)	65	59	75	84	73	68	89	104	84	85	101
Normalized NOPAT Margin	12.96%	10.86%	13.08%	14.00%	13.51%	12.62%	16.02%	16.14%	13.72%	13.58%	14.91%
Pre Tax Income Margin	17.47%	14.12%	16.68%	18.33%	16.98%	16.47%	15.57%	20.93%	18.15%	18.11%	19.40%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	72.50	20.50	23.17	27.24	26.06	31.79	32.33	50.04	41.19	41.93	50.88
NOPAT to Interest Expense	54.21	14.92	17.56	20.37	19.38	24.11	27.66	37.54	30.55	31.14	38.77
EBIT Less CapEx to Interest Expense	66.33	17.68	21.02	26.71	24.33	27.50	28.78	46.26	36.93	36.59	46.54
NOPAT Less CapEx to Interest Expense	48.04	12.11	15.42	19.83	17.66	19.82	24.10	33.76	26.29	25.80	34.43
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	16.18%	17.74%	17.96%	18.44%	19.04%	19.06%	19.75%	19.52%	19.66%	19.63%	19.10%
Augmented Payout Ratio	22.00%	23.85%	24.00%	24.38%	25.23%	24.90%	25.53%	24.91%	24.52%	24.33%	23.44%

Financials Breakdown Chart

Key Financial Trends

Watts Water Technologies (NYSE: WTS) reported a solid upcycle across its last four quarters, with revenue, gross margin and operating profitability trending higher, while cash flow showed a mix of stronger operating cash flow and investing/financing outflows due to growth activity. Below are the top trends a retail investor may want to note, based on the quarterly data provided for 2025, 2024 and earlier.

Revenue growth: In Q4 2025, operating revenue reached $625.1 million, up from $540.4 million in Q4 2024 (about +15.7%). The momentum also shows in Q3 2025 ($611.7 million) vs Q3 2024 ($543.6 million).
Gross margin expansion: Q4 2025 gross margin is about 49.5% (309.2M gross profit on 625.1M revenue), up from roughly 46.7% in Q4 2024.
Operating income growth: Q4 2025 operating income is $113.7 million, up from $89.0 million in Q4 2024, indicating improved profitability from scale and mix.
Net income growth: Net income from continuing operations was $83.7 million in Q4 2025 versus about $67.5 million in Q4 2024.
Operating cash flow strength: Net cash from continuing operating activities was $154.7 million in Q4 2025, up from $139.5 million in Q4 2024, signaling ongoing cash-flow resilience.
Liquidity and cash balance: Cash and equivalents rose to $457.7 million by Q3 2025, with elevated cash levels relative to earlier 2025 quarters, pointing to improving liquidity.
SG&A efficiency tick: Selling, General & Administrative expense reached $194.4 million in Q4 2025, roughly 31.1% of revenue (vs about 30%+ in prior year), a modest rise that’s neutral to the long-term margin trend.
Investments for growth: Q4 2025 included sizable investments, such as acquisitions (around $171.4 million) and net cash from continuing investing activities at about -$185.8 million, reflecting growth initiatives rather than operating weakness.
Net change in cash: The quarter ended with a negative net change in cash and equivalents of about -$52.2 million, highlighting near-term liquidity outflows despite positive operating cash flow.
Financing outflows: Net cash from financing activities was -$22.4 million in Q4 2025, indicating cash outflows related to financing activities alongside investing activities.

05/14/26 11:22 AM ETAI Generated. May Contain Errors.

Watts Water Technologies Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Watts Water Technologies' financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Watts Water Technologies' net income appears to be on an upward trend, with a most recent value of $340.80 million in 2025, falling from -$112.90 million in 2015. The previous period was $291.20 million in 2024. Check out Watts Water Technologies' forecast to explore projected trends and price targets.

Watts Water Technologies' total operating income in 2025 was $448.10 million, based on the following breakdown:

Total Gross Profit: $1.21 billion
Total Operating Expenses: $757.90 million

Over the last 10 years, Watts Water Technologies' total revenue changed from $1.47 billion in 2015 to $2.44 billion in 2025, a change of 66.1%.

Watts Water Technologies' total liabilities were at $853.50 million at the end of 2025, a 23.9% increase from 2024, and a 13.4% decrease since 2015.

In the past 10 years, Watts Water Technologies' cash and equivalents has ranged from $204.10 million in 2018 to $405.50 million in 2025, and is currently $405.50 million as of their latest financial filing in 2025.

Over the last 10 years, Watts Water Technologies' book value per share changed from 20.42 in 2015 to 60.80 in 2025, a change of 197.7%.

Related Companies

Financial statements for NYSE:WTS last updated on 5/12/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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

Financials Breakdown Chart

Key Financial Trends

Watts Water Technologies Financials - Frequently Asked Questions

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

Financials Breakdown Chart

Key Financial Trends

Watts Water Technologies Financials - Frequently Asked Questions

When does Watts Water Technologies' fiscal year end?

How has Watts Water Technologies' net income changed over the last 10 years?

What is Watts Water Technologies' operating income?

How has Watts Water Technologies' revenue changed over the last 10 years?

How much debt does Watts Water Technologies have?

How much cash does Watts Water Technologies have?

How has Watts Water Technologies' book value per share changed over the last 10 years?

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools