Watts Water Technologies, Inc. (WTS) quarterly income statement — complete revenue, gross profit & net income history
| Metric | 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 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 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 | 455M | 467M |
| Revenue Growth % | 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% | 18.52% | 37.88% |
| Cost of Goods Sold | 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 | 261M | 266.9M |
| COGS % of Revenue | 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% | 57.36% | 57.15% |
| Gross Profit | 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 | 194M | 200.1M |
| Gross Margin % | 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% | 42.64% | 42.85% |
| Gross Profit Growth % | 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% | 22.4% | 48.33% |
| Operating Expenses | 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 | 129.3M | 147.4M |
| OpEx % of Revenue | 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% | 28.42% | 31.56% |
| Selling, General & Admin | 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 | 117.4M | 119.4M |
| SG&A % of Revenue | 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% | 25.8% | 25.57% |
| Research & Development | 0 | 0 | 0 | 0 | 16.8M | 0 | 0 | 0 | 18.5M | 0 | 0 | 0 | 16.1M | 21M | 14.2M | 12.3M | 11.9M | 12.8M | 11M | 11M |
| R&D % of Revenue | - | - | - | - | 3.01% | - | - | - | 3.24% | - | - | - | 3.41% | 4.18% | 2.91% | 2.34% | 2.57% | 2.7% | 2.42% | 2.36% |
| Other Operating Expenses | 0 | 0 | 0 | 1000K | 1000K | 800K | 1000K | 200K | 1000K | 1000K | 400K | 1000K | -300K | 1000K | 1000K | 1000K | 1000K | 1000K | 900K | 1000K |
| Operating Income | 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 | 64.7M | 52.7M |
| Operating Margin % | 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% | 14.22% | 11.28% |
| Operating Income Growth % | 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% | 35.07% | 70% |
| EBITDA | 133M | 129.6M | 140.3M | 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 | 75.4M | 64.1M |
| EBITDA Margin % | 19.64% | 20.73% | 22.94% | 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% | 16.57% | 13.73% |
| EBITDA Growth % | 31.16% | 26.32% | 30.75% | 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% | 26.3% | 50.82% |
| D&A (Non-Cash Add-back) | 0 | 14.8M | 27M | 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 | 10.7M | 11.4M |
| EBIT | 133M | 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 | 64.9M | 53.2M |
| Net Interest Income | 0 | 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 | -1.4M | -1.5M |
| Interest Income | -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 | 0 | 0 |
| Interest Expense | 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 | 1.4M | 1.5M |
| Other Income/Expense | -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 | -1.2M | -1M |
| Pretax Income | 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 | 63.5M | 51.7M |
| Pretax Margin % | 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% | 13.96% | 11.07% |
| Income Tax | 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 | 17.1M | 14.2M |
| Effective Tax Rate % | 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% | 26.93% | 27.47% |
| Net Income | 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 | 46.4M | 37.5M |
| Net Margin % | 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% | 10.2% | 8.03% |
| Net Income Growth % | 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% | 41.03% | 85.64% |
| Net Income (Continuing) | 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 | 46.4M | 37.5M |
| 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) | 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 | 1.37 | 1.11 |
| EPS Growth % | 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% | 41.24% | 88.14% |
| EPS (Basic) | 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 | 1.38 | 1.11 |
| Diluted Shares Outstanding | 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 | 33.9M | 33.9M |
| Basic Shares Outstanding | 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 | 33.7M | 33.8M |
| Dividend Payout Ratio | 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% | 18.97% | 23.73% |