Watts Water Technologies Inc income statement
In fiscal 2025, Watts Water Technologies Inc reported revenue of $2.44bn, up 8.3% on the year before, operating income of $448m (a 18.4% margin) and net income of $341m, or $10.17 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1,226 | 1,275 | 1,407 | 1,427 | 1,474 | 1,514 | 1,468 | 1,398 | 1,457 | 1,565 | 1,601 | 1,509 | 1,809 | 1,980 | 2,056 | 2,252 | 2,439 | 2,677 |
| Cost of revenue | — | — | — | — | — | — | — | — | 854 | 908 | 923 | 883 | 1,042 | 1,105 | 1,095 | 1,190 | 1,233 | 1,369 |
| Gross profit | 435 | 465 | 508 | 514 | 527 | 542 | 553 | 566 | 602 | 657 | 678 | 625 | 767 | 874 | 961 | 1,062 | 1,206 | 1,308 |
| Research and development | 18 | 19 | 21 | 20 | 22 | 23 | 24 | 27 | 29 | 35 | 40 | 42 | 46 | 59 | 67 | 70 | 74 | 80 |
| Selling, general and administrative | 324 | 337 | 372 | 383 | 405 | 407 | 491 | 424 | 432 | 465 | 476 | 434 | 508 | 549 | 605 | 664 | 734 | 787 |
| Operating income | 92 | 114 | 134 | 123 | 112 | 105 | −90 | 145 | 162 | 188 | 197 | 181 | 240 | 315 | 351 | 390 | 448 | 512 |
| Interest expense | 22 | 23 | 26 | 25 | 22 | 20 | 24 | 23 | 19 | 16 | 14 | 13 | 6 | 7 | 8 | 15 | 11 | 10 |
| Income before tax | 72 | 95 | 108 | 100 | 88 | 83 | −111 | 128 | 143 | 175 | 184 | 167 | 234 | 308 | 350 | 386 | 446 | 509 |
| Income tax | 31 | 31 | 31 | 30 | 27 | 33 | 2 | 44 | 70 | 47 | 52 | 53 | 68 | 56 | 87 | 95 | 105 | 126 |
| Net income | 17 | 59 | 66 | 68 | 59 | 50 | −113 | 84 | 73 | 128 | 132 | 114 | 166 | 252 | 262 | 291 | 341 | 384 |
| Diluted EPS | $0.47 | $1.57 | $1.78 | $1.90 | $1.65 | $1.42 | −$3.24 | $2.44 | $2.12 | $3.73 | $3.85 | $3.36 | $4.88 | $7.48 | $7.82 | $8.69 | $10.17 | $11.46 |
| Diluted shares (average) | 37m | 37m | 38m | 36m | 36m | 35m | 35m | 35m | 34m | 34m | 34m | 34m | 34m | 34m | 34m | 34m | 34m | 34m |
| EBITDA | 139 | 159 | 181 | 172 | 160 | 154 | −38 | 196 | 215 | 237 | 244 | 228 | 285 | 355 | 394 | 445 | 505 | 572 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 544 | 540 | 558 | 644 | 612 | 625 | 677 | 763 |
| Cost of revenue | 287 | 288 | 286 | 318 | 313 | 316 | 351 | 389 |
| Gross profit | 257 | 253 | 273 | 326 | 298 | 309 | 326 | 374 |
| Research and development | 18 | 16 | 17 | 17 | 19 | 21 | 19 | 21 |
| Selling, general and administrative | 159 | 163 | 168 | 187 | 185 | 195 | 193 | 215 |
| Operating income | 93 | 89 | 88 | 135 | 111 | 114 | 133 | 154 |
| Interest expense | 4 | 3 | 3 | 3 | 3 | 3 | 3 | 2 |
| Income before tax | 92 | 89 | 87 | 135 | 111 | 113 | 131 | 154 |
| Income tax | 23 | 21 | 13 | 34 | 29 | 30 | 32 | 35 |
| Net income | 69 | 68 | 74 | 101 | 82 | 84 | 100 | 118 |
| Diluted EPS | $2.06 | $2.02 | $2.21 | $3.01 | $2.45 | $2.50 | $2.97 | $3.53 |
| EBITDA | 107 | 103 | 101 | 150 | 126 | 129 | 148 | 170 |
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