Watts Water Technologies, Inc. (WTS) Financial Statements

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Watts Water Technologies financial statements at a glance

Watts Water Technologies reported revenue of $2.44 billion for fiscal year 2025 (ended December 31, 2025), up 8.3% from fiscal year 2024. Net income was $340.80 million, a net margin of 14.0%, and diluted earnings per share were $10.17.

At the end of fiscal year 2025 it had total assets of $2.88 billion, total liabilities of $853.50 million and shareholders' equity of $2.03 billion, with cash and short-term investments of $405.50 million and total debt of $197.70 million.

Its operations brought in $402.00 million of cash; capital spending was $45.70 million, leaving free cash flow of $356.30 million.

The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.

Figures from company filings, in USD; latest fiscal year ended December 31, 2025.

WTS logo

Watts Water Technologies, Inc.

WTSUnited States
Manufacturing and Production
USD (Local)

Income Statement

Annual • USD

Total Revenue
2.44B
Prev Year: 2.25B
YoY: +8.3%
Operating Revenue
2.44B
Prev Year: 2.25B
YoY: +8.3%
Total Unusual Items
-23.70M
Prev Year: -7.20M
YoY: -229.2%
Normalized EBITDA
538.70M
Prev Year: 462.30M
YoY: +16.5%
Tax Rate for Calcs
0.235
Prev Year: 0
Tax Effect of Unusual Items
-5.57M
Prev Year: -1.77M
YoY: -214.4%
Total Operating Income as Reported
448.10M
Prev Year: 390.40M
YoY: +14.8%
Other Income Expense
-25.00M
Prev Year: -5.80M
YoY: -331.0%
Other Non-operating Income (expense)
-1.30M
Prev Year: 1.40M
YoY: -192.9%
Special Income Charges
-23.70M
Prev Year: -7.20M
YoY: -229.2%
Restructuring and Mergers Acquisition
23.70M
Prev Year: 7.20M
YoY: +229.2%
Cost of Revenue
1.23B
Prev Year: 1.19B
YoY: +3.6%
Gross Profit
1.21B
Prev Year: 1.06B
YoY: +13.6%
Operating Expense
734.20M
Prev Year: 664.40M
YoY: +10.5%
Selling General and Administrative
734.20M
Prev Year: 664.40M
YoY: +10.5%
Operating Income
471.80M
Prev Year: 397.60M
YoY: +18.7%
Net Non Operating Interest Income Expense
-1.00M
Prev Year: -5.80M
YoY: +82.8%
Non-operating Interest Income
9.80M
Prev Year: 8.90M
YoY: +10.1%
Non-operating Interest Expense
10.80M
Prev Year: 14.70M
YoY: -26.5%
Pre-tax Income
445.80M
Prev Year: 386.00M
YoY: +15.5%
Provision for Income Taxes
105.00M
Prev Year: 94.80M
YoY: +10.8%
Net Income Common Stockholders
340.80M
Prev Year: 291.20M
YoY: +17.0%
Net Income
340.80M
Prev Year: 291.20M
YoY: +17.0%
Net Income Including Non-Controlling Interests
340.80M
Prev Year: 291.20M
YoY: +17.0%
Net Income from Continuing Operations
340.80M
Prev Year: 291.20M
YoY: +17.0%
Diluted NI Available to Com Stockholders
340.80M
Prev Year: 291.20M
YoY: +17.0%
Basic EPS
10.17
Prev Year: 8.7
YoY: +16.9%
Diluted EPS
10.17
Prev Year: 8.69
YoY: +17.0%
Weighted Average Shares (basic)
33.50M
Prev Year: 33.50M
YoY: 0.0%
Weighted Average Shares (diluted)
33.50M
Prev Year: 33.50M
YoY: 0.0%
Total Expenses
1.97B
Prev Year: 1.85B
YoY: +6.0%
Net Income from Continuing and Discontinued Operation
340.80M
Prev Year: 291.20M
YoY: +17.0%
Normalized Income
358.93M
Prev Year: 296.63M
YoY: +21.0%
Interest Income
9.80M
Prev Year: 8.90M
YoY: +10.1%
Interest Expense
10.80M
Prev Year: 14.70M
YoY: -26.5%
Net Interest Income
-1.00M
Prev Year: -5.80M
YoY: +82.8%
EBIT
456.60M
Prev Year: 400.70M
YoY: +14.0%
EBITDA
515.00M
Prev Year: 455.10M
YoY: +13.2%
Reconciled Cost of Revenue
1.23B
Prev Year: 1.19B
YoY: +3.6%
Reconciled Depreciation
58.40M
Prev Year: 54.40M
YoY: +7.4%
Net Income from Continuing Operation Net Minority Interest
340.80M
Prev Year: 291.20M
YoY: +17.0%
Total Unusual Items Excluding Goodwill
-23.70M
Prev Year: -7.20M
YoY: -229.2%
Values in USD

Watts Water Technologies key figures by fiscal year

FY2025FY2024FY2023FY2022FY2021
Revenue$2.4B$2.3B$2.1B$2.0B$1.8B
Gross profit$1.2B$1.1B$960.9M$874.3M$767.1M
Operating income$471.8M$397.6M$356.4M$325.6M$258.9M
Net income$340.8M$291.2M$262.1M$251.5M$165.7M
Diluted EPS$10.17$8.69$7.82$7.48$4.88
Total assets$2.9B$2.4B$2.3B$1.9B$1.9B
Total liabilities$853.5M$689.1M$796.1M$630.3M$682.4M
Shareholders' equity$2.0B$1.7B$1.5B$1.3B$1.2B
Cash and short-term investments$405.5M$386.9M$350.1M$310.8M$242.0M
Total debt$197.7M$197.0M$298.3M$147.6M$141.9M
Operating cash flow$402.0M$361.1M$310.8M$224.0M$180.8M
Capital spending$45.7M$35.3M$29.7M$28.1M$26.7M
Free cash flow$356.3M$325.8M$281.1M$195.9M$154.1M

In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2014.

Questions and answers

What was Watts Water Technologies's revenue in fiscal year 2025?

$2.44 billion, up 8.3% from $2.25 billion in fiscal year 2024.

How much profit does Watts Water Technologies make?

Watts Water Technologies reported net income of $340.80 million for fiscal year 2025 (14.0% of revenue); operating income was $471.80 million.

How much cash and debt does Watts Water Technologies have?

At the end of fiscal year 2025: cash and short-term investments of $405.50 million and total debt of $197.70 million.

What is Watts Water Technologies's free cash flow?

$356.30 million in fiscal year 2025 (operating cash flow of $402.00 million minus capital spending of $45.70 million).

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Disclaimer: This analysis is for informational and educational purposes only and does not constitute financial, investment, tax, or legal advice. Data may be incomplete, delayed, or contain inaccuracies. Consult with a qualified financial advisor before making any investment decisions.
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