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Watts Water Technologies Inc. (WTS)

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Watts Water Technologies Inc. (WTS) reported revenue of $763 million for Q2 FY2026, the quarter ended 28 June 2026, up 18.6% on the same quarter a year earlier. Net income was $118 million, up 17.2% on the year, and diluted earnings per share $3.53. The figures are the company's own, from the 10-Q it filed with the SEC on 6 August 2026.

Revenue$763 millionup 18.6%
Net income$118 millionup 17.2%
Diluted EPS$3.53
QuarterQ2 FY2026ended 28 June 2026

Watts Water Technologies (WTS) in brief

Watts Water Technologies (WTS) reported revenue of $2.4 billion for fiscal 2025, the year ended 31 December 2025, up 8.3% on the year before.
Read moreNet income was $341 million and diluted earnings per share $10.17. Revenue was $2.3 billion in fiscal 2024, $2.1 billion in fiscal 2023, $2.0 billion in fiscal 2022 and $1.8 billion in fiscal 2021. Net income in the same years was $291 million, $262 million, $252 million and $166 million. Over the twelve months to 28 June 2026, Watts Water Technologies reported revenue of $2.7 billion and net income of $384 million. Revenue grew 10.1% a year, compounded, over the five years to fiscal 2025. Watts Water Technologies declared $1.99 a share in dividends over the last four quarters. At 28 June 2026 it carried $108 million of debt and $348 million of cash. At the close of 8 October 2026 the market cap of Watts Water Technologies was $11.6 billion, 30.3 times its earnings over the last twelve months.

Ratios

From the filings

ROE17.5%
ROCE22.3%
Operating margin19.1%
Net margin14.3%
FCF margin13.1%
Interest cover50.21
Debt to equity0.05
Cash conversion1.04
Share count, 1 yearn/a
Sales CAGR, 3 years7.2%
Profit CAGR, 3 years10.7%
EPS, TTM$11.45

At the close of 8 October 2026

Price$347.14
Market cap$11.6 billion
Stock P/E30.32
Price to book5.31
EV / EBITDA19.91
Dividend yield0.6%
Market cap / sales4.34
52-week high$392.23
52-week low$263.55
Price, 1 year23.8%
Price CAGR, 3 years26.3%
Price CAGR, 5 years14.3%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest daily close from SimFin. Debt to equity here stands on long-term debt as Watts Water Technologies Inc. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
WTSgreeksoup.ai
Daily closes to 8 October 2026, adjusted for splits; prices from SimFin.
Read moreDay by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on WTS

Filings16 in twelve months: 8 current reports (8-K), about 4 results of operations; 3 officer or director change; 1 shareholder vote; 1 material agreement
Planned insider sales10 Form 144 notices in twelve months, $10.6 million; latest 4 September 2026
Options tapeput/call 0.06 by open interest at the 8 October 2026 close; the straddle prices a 2.8% move to 16 October 2026
13F holders10 of the followed funds hold it; largest Geode Capital Management; 8 Schedule 13D or 13G filings in twelve months
Insider trading23 sales and 0 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest745,214 shares short, 4.03 days to cover at 15 September 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue504548571597544540558644612625677763
Cost of revenue270292303312286288286318313316351389
Gross profit234256268285257253272326298309326374
Gross margin46%47%47%48%47%47%49%51%49%49%48%49%
R&D15.219.818.517.917.616.416.817.418.820.519.220.9
SG&A147173170173159163168187185194193214
Operating income87.178.796.711293.289.087.7135111114133154
Operating margin17%14%17%19%17%16%16%21%18%18%20%20%
Interest expense1.23.84.24.13.62.82.72.72.72.72.62.2
Pre-tax income88.177.395.211092.389.086.9135111113131154
Tax rate25%28%24%25%25%24%15%25%26%26%24%23%
Net income65.855.772.682.069.167.574.010182.283.799.6118
Net margin13%10%13%14%13%12%13%16%13%13%15%16%
Diluted EPS$1.96$1.67$2.17$2.44$2.06$2.02$2.21$3.01$2.45$2.50$2.97$3.53
Operating cash flow10011045.685.390.714055.269.712215517.9103
Capital expenditure7.410.710.16.86.412.09.610.211.514.411.311.3
Free cash flow93.099.235.578.584.312845.659.51111406.691.6
Buybacks4.04.34.04.14.94.03.94.03.94.23.84.1
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 12 fiscal years and the trailing twelve months

FY2014FY2015FY2016 †FY2017FY2018FY2019FY2020 †FY2021FY2022 †FY2023FY2024FY2025TTM
Revenue1,5141,4681,3981,4571,5651,6001,5091,8091,9802,0562,2522,4382,677
Cost of revenue9729158338549089238831,0421,1051,0951,1901,2321,370
Gross profit5425535666026566786257678749611,0621,2061,308
Gross margin35.8%37.7%40.4%41.4%42.0%42.3%41.5%42.4%44.2%46.7%47.2%49.5%48.8%
Research and development22.523.526.529.034.539.642.245.659.467.170.473.579.4
Selling, general and administrative407491424432465476434508549604664734787
Operating income105-90.1145162188197181240315351390448512
Operating margin7.0%-6.1%10.4%11.1%12.0%12.3%12.0%13.2%15.9%17.1%17.3%18.4%19.1%
Interest expense19.924.322.619.116.314.113.36.37.08.214.710.810.2
Pre-tax income83.1-111128143175184167234308350386446509
Income tax32.81.943.670.046.652.452.768.456.187.494.8105126
Effective tax rate39.5%n/a34.1%48.9%26.7%28.5%31.6%29.2%18.2%25.0%24.6%23.6%24.6%
Net income50.3-11384.273.1128132114166252262291341384
Net margin3.3%-7.7%6.0%5.0%8.2%8.2%7.6%9.2%12.7%12.7%12.9%14.0%14.3%
Diluted EPS$1.42-$3.24$2.44$2.12$3.73$3.85$3.36$4.88$7.48$7.82$8.69$10.17$11.45
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by product or service

FY2024FY2025Share
latest year
Residential & Commercial Flow Control1,3571,48861.0%
HVAC and Gas Products54457223.5%
Drainage and Water Re-use Products24126210.7%
Water Quality Products1101164.8%
Residential & Commercial Flow ControlHVAC and Gas ProductsDrainage and Water Re-use ProductsWater Quality Products
2,252FY20242,438FY2025

$ million; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Revenue by region

FY2024FY2025Share
latest year
Americas1,6651,84775.8%
Europe45345118.5%
APMEA1341405.8%
AmericasEuropeAPMEA
2,252FY20242,438FY2025

$ million; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow and capital returned

FY2014FY2015FY2016 †FY2017FY2018FY2019FY2020 †FY2021FY2022 †FY2023FY2024FY2025TTM
Operating cash flow135109138156169194229181224311361402398
Capital expenditure23.727.736.029.435.929.243.826.728.129.735.345.748.5
Free cash flow11281.7102126134165185154196281326356349
Free cash flow margin7.4%5.6%7.3%8.7%8.5%10.3%12.3%8.5%9.9%13.7%14.5%14.6%13.1%
Cash from investingn/a-17.3-114-27.3-35.9-71.8-54.8-30.7-22.9-343-125-303-222
Cash from financingn/a-70.927.7-205-203-106-182-119-12269.0-190-96.9-196
Depreciation and amortisation48.152.551.252.248.546.646.545.139.743.354.456.859.8
Share-based compensation8.610.913.413.913.817.812.722.918.420.219.521.225.2
Buybacks39.644.626.818.226.019.528.916.069.416.017.016.016.0
Dividend per share$0.58$0.66$0.71$0.75$0.82$0.90$0.92$1.01$1.16$1.38$1.65$1.99n/a
Diluted shares, weighted35m35m34m34m34m34m34m34m34m34m34m34m34m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2014FY2015FY2016 †FY2017FY2018FY2019FY2020 †FY2021FY2022 †FY2023FY2024FY2025TTM
Funded by
Shareholders' equity9127057368298919781,0701,1731,3011,5131,7082,0282,189
Debt580577654500355310200142148298197198108
Operating lease liabilitiesn/an/an/an/an/a31.947.042.038.143.838.179.1n/a
Finance lease liabilitiesn/an/an/an/an/a2.22.91.91.41.21.81.4n/a
Other liabilities456411373408407401418497443453452575654
Total liabilities and equity1,9481,6931,7631,7361,6541,7231,7381,8561,9312,3092,3972,8812,952
Owned
Fixed assets203184190198202200212201197248255297296
Goodwill639489533550545581602601592693715859858
Intangible assets210193202185165151142129114216235295281
Cash and equivalents301296338280204220219242311350387406348
Receivables208186198216206220198221234260253294404
Inventory292240239259287270264371376399392524546
Other assets95.110462.546.945.481.010292.0108143160207218
Total assets1,9481,6931,7631,7361,6541,7231,7381,8561,9312,3092,3972,8812,952
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded5.2%10.1%7.2%17.1%
Profit growth, compoundedn/a24.4%10.7%23.2%
Return on equity, average14.3%16.9%17.1%16.8%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Peers: Construction Materials

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Parker-Hannifin Corp. PH$119.4 billion33.2423.7%23.6%8.3%0.490.8%
Snap-on Inc. SNA$18.6 billion18.3017.1%25.4%4.0%0.202.5%
Masco Corp. MAS$13.7 billion15.98n/a17.5%-0.6%n/a1.8%
Stanley Black & Decker, Inc. SWK$13.5 billion21.756.9%5.6%0.6%0.533.7%
Crane Co. CR$11.7 billion35.3415.4%17.9%16.3%0.500.5%
Watts Water Technologies Inc. WTS$11.6 billion30.3217.5%19.1%17.1%0.050.6%
Owens Corning OC$9.3 billionn/an/an/an/a1.362.4%
Valmont Industries Inc. VMI$9.0 billion18.2728.7%13.7%3.8%0.420.6%
Simpson Manufacturing Co., Inc. SSD$7.0 billion18.7917.9%20.6%6.5%0.140.7%
Eagle Materials Inc. EXP$5.2 billion13.2327.1%n/a1.7%1.170.6%
Fortune Brands Innovations, Inc. FBIN$4.6 billion31.326.4%6.8%-2.3%1.112.6%
Crane Nxt, Co. CXT$2.8 billion19.9011.1%14.0%17.3%0.991.4%
All 16 in Construction Materials
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Parker-Hannifin Corp. PH$119.4 billion33.2423.7%23.6%8.3%0.490.8%
CRH Public Ltd. Co. CRH$54.5 billion14.4416.0%14.3%6.3%0.741.8%
Snap-on Inc. SNA$18.6 billion18.3017.1%25.4%4.0%0.202.5%
Masco Corp. MAS$13.7 billion15.98n/a17.5%-0.6%n/a1.8%
Stanley Black & Decker, Inc. SWK$13.5 billion21.756.9%5.6%0.6%0.533.7%
Crane Co. CR$11.7 billion35.3415.4%17.9%16.3%0.500.5%
Watts Water Technologies Inc. WTS$11.6 billion30.3217.5%19.1%17.1%0.050.6%
Owens Corning OC$9.3 billionn/an/an/an/a1.362.4%
Valmont Industries Inc. VMI$9.0 billion18.2728.7%13.7%3.8%0.420.6%
Simpson Manufacturing Co., Inc. SSD$7.0 billion18.7917.9%20.6%6.5%0.140.7%
Eagle Materials Inc. EXP$5.2 billion13.2327.1%n/a1.7%1.170.6%
Fortune Brands Innovations, Inc. FBIN$4.6 billion31.326.4%6.8%-2.3%1.112.6%
Louisiana-Pacific Corp. LPX$4.6 billion82.353.1%3.0%-14.4%0.200.4%
Trex Co. Inc. TREX$4.5 billionn/an/an/a7.0%0.25n/a
UFP Industries Inc. UFPI$4.2 billion17.538.2%5.1%-4.7%0.081.8%
Crane Nxt, Co. CXT$2.8 billion19.9011.1%14.0%17.3%0.991.4%
3 companies share its SEC industry code (Miscellaneous Fabricated Metal Products); the rest are the names nearest in size in its wider industry, Construction Materials, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q28 June 20266 August 2026EDGAR
10-Q29 March 20267 May 2026EDGAR
10-K31 December 202523 February 2026EDGAR
10-Q28 September 20256 November 2025EDGAR
10-Q29 June 20257 August 2025EDGAR
10-Q30 March 20258 May 2025EDGAR
10-K31 December 202418 February 2025EDGAR
10-Q29 September 202431 October 2024EDGAR
10-Q30 June 20248 August 2024EDGAR
10-Q31 March 20249 May 2024EDGAR

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