Watts Water Technologies, Inc. (WTS) Quarterly Income Statement

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Watts Water Technologies, Inc. (WTS) quarterly income statement — complete revenue, gross profit & net income history

Quarterly statement

WTS Income Statement

Watts Water Technologies, Inc. (WTS) annual income statement — 30-year revenue, gross profit & net income history

Metric	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22	Q2'22	Q1'22	Q4'21

Sales/Revenue	728M	763.2M	677.3M	625.1M	611.7M	643.7M	558M	540.4M	543.6M	597.3M	570.9M	547.5M	504.3M	532.8M	471.7M	501.9M	487.8M	526.6M	463.2M	473.9M
Revenue Growth %	19.01%	18.56%	21.38%	15.67%	12.53%	7.77%	-2.26%	-1.3%	7.79%	12.11%	21.03%	9.09%	3.38%	1.18%	1.84%	5.91%	7.21%	12.76%	12.07%	17.48%
Cost of Goods Sold	327M	389.1M	351.2M	315.9M	313.3M	317.8M	285.5M	287.8M	286.5M	312.5M	303.4M	291.9M	269.9M	280M	253.6M	283.3M	269.9M	287.4M	264.6M	274.6M
COGS % of Revenue	44.92%	50.98%	51.85%	50.54%	51.22%	49.37%	51.16%	53.26%	52.7%	52.32%	53.14%	53.32%	53.52%	52.55%	53.76%	56.45%	55.33%	54.58%	57.12%	57.94%
Gross Profit	401M	374.1M	326.1M	309.2M	298.4M	325.9M	272.5M	252.6M	257.1M	284.8M	267.5M	255.6M	234.4M	252.8M	218.1M	218.6M	217.9M	239.2M	198.6M	199.3M
Gross Margin %	55.08%	49.02%	48.15%	49.46%	48.78%	50.63%	48.84%	46.74%	47.3%	47.68%	46.86%	46.68%	46.48%	47.45%	46.24%	43.55%	44.67%	45.42%	42.88%	42.06%
Gross Profit Growth %	34.38%	14.79%	19.67%	22.41%	16.06%	14.43%	1.87%	-1.17%	9.68%	12.66%	22.65%	16.93%	7.57%	5.69%	9.82%	9.68%	12.32%	19.54%	14.34%	17.79%
Operating Expenses	210.2M	220.1M	192.9M	194.4M	185.1M	190.6M	184.8M	163.6M	163.9M	173.3M	170.8M	176.9M	147.3M	152.4M	133.4M	151.4M	137.5M	143.3M	127.1M	136.7M
OpEx % of Revenue	28.87%	28.84%	28.48%	31.1%	30.26%	29.61%	33.12%	30.27%	30.15%	29.01%	29.92%	32.31%	29.21%	28.6%	28.28%	30.17%	28.19%	27.21%	27.44%	28.85%
Selling, General & Admin	209.9M	214.5M	192.9M	194.4M	185.1M	187.2M	150.7M	162.8M	159M	173.1M	151.1M	173.1M	146.9M	150.8M	117.6M	126M	121.6M	129.3M	114.2M	122.8M
SG&A % of Revenue	28.83%	28.11%	28.48%	31.1%	30.26%	29.08%	27.01%	30.13%	29.25%	28.98%	26.47%	31.62%	29.13%	28.3%	24.93%	25.1%	24.93%	24.55%	24.65%	25.91%
Research & Development	0	0	19.2M	0	0	0	16.8M	0	0	0	18.5M	0	0	0	16.1M	21M	14.2M	12.3M	11.9M	12.8M
R&D % of Revenue	-	-	2.83%	-	-	-	3.01%	-	-	-	3.24%	-	-	-	3.41%	4.18%	2.91%	2.34%	2.57%	2.7%
Other Operating Expenses	300K	1000K	-1000K	0	0	1000K	1000K	800K	1000K	200K	1000K	1000K	400K	1000K	-300K	1000K	1000K	1000K	1000K	1000K
Operating Income	190.8M	154M	133M	114.8M	113.3M	135.3M	87.7M	89M	93.2M	111.5M	96.7M	78.7M	87.1M	100.4M	84.7M	67.2M	80.4M	95.9M	71.5M	62.6M
Operating Margin %	26.21%	20.18%	19.64%	18.37%	18.52%	21.02%	15.72%	16.47%	17.14%	18.67%	16.94%	14.37%	17.27%	18.84%	17.96%	13.39%	16.48%	18.21%	15.44%	13.21%
Operating Income Growth %	68.4%	13.82%	51.65%	28.99%	21.57%	21.35%	-9.31%	13.09%	7%	11.06%	14.17%	17.11%	8.33%	4.69%	18.46%	7.35%	24.27%	81.97%	19.97%	15.07%
EBITDA	207.3M	169.7M	148.4M	130.2M	128.1M	149.8M	101.4M	102.6M	107.3M	124.9M	110M	91.2M	97.6M	110.7M	94.7M	76.3M	90.7M	105.9M	81.8M	73.7M
EBITDA Margin %	28.48%	22.24%	21.91%	20.83%	20.94%	23.27%	18.17%	18.99%	19.74%	20.91%	19.27%	16.66%	19.35%	20.78%	20.08%	15.2%	18.59%	20.11%	17.66%	15.55%
EBITDA Growth %	61.83%	13.28%	46.35%	26.9%	19.38%	19.94%	-7.82%	12.5%	9.94%	12.83%	16.16%	19.53%	7.61%	4.53%	15.77%	3.53%	20.29%	65.21%	14.57%	11.33%
D&A (Non-Cash Add-back)	16.5M	15.7M	15.4M	15.4M	14.8M	14.5M	13.7M	13.6M	14.1M	13.4M	13.3M	12.5M	10.5M	10.3M	10M	9.1M	10.3M	10M	10.3M	11.1M
EBIT	193.9M	153.8M	134M	115.9M	113.7M	137.4M	89.6M	91.8M	95.9M	113.6M	99.4M	81.1M	89.3M	102.3M	85M	66.7M	80.7M	97.6M	71.3M	62.4M
Net Interest Income	1.4M	-500K	-900K	0	-200K	-400K	-400K	0	-1.5M	-2.2M	-2.1M	-600K	1.1M	-400K	-1.1M	-1.7M	-1.7M	-1.7M	-1.3M	-1.4M
Interest Income	3.4M	1.7M	1.7M	2.7M	2.5M	2.3M	2.3M	2.8M	2.1M	1.9M	2.1M	3.2M	2.3M	1.3M	400K	300K	200K	0	100K	0
Interest Expense	2M	2.2M	2.6M	2.7M	2.7M	2.7M	2.7M	2.8M	3.6M	4.1M	4.2M	3.8M	1.2M	1.7M	1.5M	2M	1.9M	1.7M	1.4M	1.4M
Other Income/Expense	1.1M	-300K	-1.6M	-1.6M	-2.3M	-600K	-800K	0	-900K	-2M	-1.5M	-1.4M	1M	200K	-1.2M	-2.5M	-1.6M	-1.7M	-1.6M	-1.6M
Pretax Income	191.9M	153.7M	131.4M	113.2M	111M	134.7M	86.9M	89M	92.3M	109.5M	95.2M	77.3M	88.1M	100.6M	83.5M	64.7M	78.8M	94.2M	69.9M	61M
Pretax Margin %	26.36%	20.14%	19.4%	18.11%	18.15%	20.93%	15.57%	16.47%	16.98%	18.33%	16.68%	14.12%	17.47%	18.88%	17.7%	12.89%	16.15%	17.89%	15.09%	12.87%
Income Tax	46.5M	35.4M	31.8M	29.5M	28.8M	33.8M	12.9M	21.4M	23.2M	27.5M	22.6M	21.6M	22.3M	24.7M	18.8M	-3.9M	20.1M	24.5M	15.4M	20.9M
Effective Tax Rate %	24.23%	23.03%	24.2%	26.06%	25.95%	25.09%	14.84%	24.04%	25.14%	25.11%	23.74%	27.94%	25.31%	24.55%	22.51%	-6.03%	25.51%	26.01%	22.03%	34.26%
Net Income	145.4M	118.3M	99.6M	83.7M	82.2M	100.9M	74M	67.6M	69.1M	82M	72.6M	55.7M	65.8M	75.9M	64.7M	68.6M	58.7M	69.7M	54.5M	40.1M
Net Margin %	19.97%	15.5%	14.71%	13.39%	13.44%	15.68%	13.26%	12.51%	12.71%	13.73%	12.72%	10.17%	13.05%	14.25%	13.72%	13.67%	12.03%	13.24%	11.77%	8.46%
Net Income Growth %	76.89%	17.24%	34.59%	23.82%	18.96%	23.05%	1.93%	21.36%	5.02%	8.04%	12.21%	-18.8%	12.1%	8.9%	18.72%	71.07%	26.51%	85.87%	30.7%	37.33%
Net Income (Continuing)	145.4M	118.3M	99.6M	83.7M	82.2M	100.9M	74M	67.6M	69.1M	82M	72.6M	55.7M	65.8M	75.9M	64.7M	68.6M	58.7M	69.7M	54.5M	40.1M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)	4.34	3.53	2.97	2.51	2.45	3.01	2.21	2.02	2.06	2.45	2.17	1.67	1.96	2.26	1.93	2.05	1.75	2.07	1.61	1.18
EPS Growth %	77.14%	17.28%	34.39%	24.26%	18.93%	22.86%	1.84%	20.96%	5.1%	8.41%	12.44%	-18.54%	12%	9.18%	19.88%	73.73%	27.74%	86.49%	30.89%	37.21%
EPS (Basic)	4.34	3.53	2.97	2.51	2.45	3.01	2.21	2.02	2.06	2.45	2.17	1.67	1.97	2.27	1.94	2.05	1.76	2.08	1.62	1.19
Diluted Shares Outstanding	33.5M	33.5M	33.5M	33.4M	33.5M	33.5M	33.5M	33.5M	33.5M	33.5M	33.5M	33.5M	33.5M	33.6M	33.5M	33.5M	33.5M	33.6M	33.8M	33.9M
Basic Shares Outstanding	33.5M	33.5M	33.5M	33.4M	33.5M	33.5M	33.5M	33.4M	33.5M	33.5M	33.4M	33.4M	33.4M	33.5M	33.4M	33.4M	33.4M	33.5M	33.7M	33.7M
Dividend Payout Ratio	14.58%	18.01%	17.57%	20.91%	21.17%	17.44%	19.46%	21.3%	20.84%	17.8%	16.67%	21.72%	18.39%	16.07%	15.61%	14.72%	17.21%	14.78%	16.51%	21.95%