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WATTS WATER TECHNOLOGIES INC

CIK: 795403 SIC: 3490
$2.44B
Revenue
$340.80M
Net Income
49.46%
Gross Margin
18.38%
Op. Margin
$507.00M
Free Cash Flow
Financial Statements Annual (10-K)
Showing 5 of 16 annual reports available (2010 - 2025)
Breakdown TTM
(Dec 31, 2025)
FY 2025
(Dec 31, 2025)
FY 2024
(Dec 31, 2024)
FY 2023
(Dec 31, 2023)
FY 2022
(Dec 31, 2022)
FY 2021
(Dec 31, 2021)
+ Total Revenue $2.44B $2.44B $2.25B $2.06B $1.98B $1.81B
Revenue Growth % 0.0% 8.3% 9.5% 3.9% 9.4% nan%
Cost of Revenue $1.23B $1.23B $1.19B $1.10B $1.11B $1.04B
+ Gross Profit $1.21B $1.21B $1.06B $960.90M $874.30M $767.10M
Gross Margin % 49.5% 49.5% 47.2% 46.7% 44.2% 42.4%
Research & Development - $73.50M $70.40M $67.10M - -
Selling General & Admin $734.30M $734.20M $664.40M $604.50M $550.50M $508.20M
+ Operating Income $448.10M $448.10M $390.40M $350.90M $315.00M $239.60M
Operating Margin % 18.4% 18.4% 17.3% 17.1% 15.9% 13.2%
Interest Expense $17.40M $10.80M $14.70M $8.20M $7.00M $6.30M
Interest Income $9.80M $9.80M $8.90M $7.20M $600.00K -
Other Income/Expense $-1.30M $-1.30M $1.40M $-400.00K $-1.00M $800.00K
Income Before Tax $445.80M $445.80M $386.00M $349.50M $307.60M $234.10M
Income Tax Expense $105.00M $105.00M $94.80M $87.40M $56.10M $68.40M
+ Net Income $340.80M $340.80M $291.20M $262.10M $251.50M $165.70M
Net Margin % 14.0% 14.0% 12.9% 12.7% 12.7% 9.2%
Basic EPS 10.17 10.17 8.70 7.85 7.51 4.90
Diluted EPS 10.17 10.17 8.69 7.82 7.48 4.88
Basic Shares Outstanding - 33.5M 33.5M 33.4M 33.5M 33.8M
Diluted Shares Outstanding - 33.5M 33.5M 33.5M 33.6M 33.9M
Breakdown FY 2025
(Dec 31, 2025)
FY 2024
(Dec 31, 2024)
FY 2023
(Dec 31, 2023)
FY 2022
(Dec 31, 2022)
FY 2021
(Dec 31, 2021)
Cash & Cash Equivalents $405.50M $386.90M $350.10M $310.80M $242.00M
Accounts Receivable $294.00M $253.20M $259.80M $233.80M $220.90M
Inventory $524.30M $392.10M $399.30M $375.60M $370.70M
Other Current Assets $62.30M $51.30M $51.80M $30.40M $27.90M
Total Current Assets $1.29B $1.08B $1.06B $950.60M $861.50M
Property Plant & Equipment $297.10M $254.80M $248.20M $196.80M $200.70M
Goodwill $859.00M $715.00M $693.00M $592.40M $600.70M
Intangible Assets $294.60M $235.00M $216.10M $113.70M $128.60M
Other Non-current Assets $126.50M $72.30M $67.50M $59.60M $60.60M
Total Assets $2.88B $2.40B $2.31B $1.93B $1.86B
Accounts Payable $182.20M $148.00M $131.80M $134.30M $143.40M
Other Current Liabilities $234.70M $190.80M $190.30M $174.60M $186.90M
Total Current Liabilities $512.40M $417.90M $405.80M $378.70M $408.50M
Long-term Debt $197.70M $197.00M $298.30M $147.60M $141.90M
Deferred Tax Liabilities $36.50M $10.90M $13.50M $26.20M $40.50M
Other Non-current Liabilities $106.90M $63.30M $78.50M $77.80M $91.50M
Retained Earnings $1.43B $1.18B $979.10M $795.30M $665.90M
Total Stockholders Equity $2.03B $1.71B $1.51B $1.30B $1.17B
Total Liabilities & Equity $2.88B $2.40B $2.31B $1.93B $1.86B
Breakdown TTM
(Dec 31, 2025)
FY 2025
(Dec 31, 2025)
FY 2024
(Dec 31, 2024)
FY 2023
(Dec 31, 2023)
FY 2022
(Dec 31, 2022)
FY 2021
(Dec 31, 2021)
Net Income $340.80M $340.80M $291.20M $262.10M $251.50M $165.70M
Depreciation & Amortization - $56.80M $54.40M $43.30M - -
Stock-based Compensation $33.60M $21.20M $19.50M $20.20M $18.40M $22.90M
Deferred Income Tax - $38.60M $-14.90M $-18.60M - -
Change in Receivables $120.10M $9.50M $-3.30M $-6.20M $20.00M $30.20M
Change in Inventory $130.80M $75.40M $-13.60M $-27.00M $16.40M $113.70M
Operating Cash Flow $582.10M $402.00M $361.10M $310.80M $224.00M $180.80M
Capital Expenditure $75.10M $45.70M $35.30M $29.70M $28.10M $26.70M
Acquisitions $413.10M $257.10M $96.30M $313.40M - $9.10M
Investing Cash Flow $-488.20M $-302.80M $-124.70M $-343.10M $-22.90M $-30.70M
Debt Repayment - - $100.00M $90.00M $80.00M $95.00M
Stock Repurchased $27.80M $16.00M $17.00M $16.00M $69.40M $16.00M
Financing Cash Flow $-179.10M $-96.90M $-190.50M $69.00M $-121.70M $-118.60M
Net Change in Cash $-49.10M $18.60M $36.80M $39.30M $68.80M $23.10M
SEC Filing Format - Data shown as it appears in the Q3 2025 (10-Q) filing Period ended: Sep 30, 2025
Condensed Consolidated Statements of Operations
Description Sep 30, 2025 Sep 30, 2025
Current Prior Year Current YTD Prior Year YTD
Total Revenue $611.70M $543.60M $1.81B $1.71B
Cost of Revenue $313.30M $286.50M $916.70M $902.40M
Gross Profit $298.40M $257.10M $896.70M $809.40M
Selling General & Admin $185.10M $159.00M $539.70M $501.60M
Operating Income $111.40M $93.20M $334.40M $301.40M
Interest Expense $2.70M $3.60M $7.40M $10.10M
Interest Income $2.50M $2.10M $7.10M $6.10M
Other Income/Expense $-200.00K $600.00K $-800.00K $1.40M
Income Before Tax $111.00M $92.30M $332.60M $297.00M
Income Tax Expense $28.80M $23.20M $75.50M $73.40M
Net Income $82.20M $69.10M $257.10M $223.60M
Basic EPS 2.45 2.07 7.67 6.68
Diluted EPS 2.45 2.06 7.67 6.67
Basic Shares Outstanding $33.50M $33.50M $33.50M $33.50M
Diluted Shares Outstanding $33.50M $33.50M $33.50M $33.50M
Condensed Consolidated Balance Sheets
Description Sep 30, 2025 Dec 31, 2024
Cash & Cash Equivalents $457.70M $386.90M
Accounts Receivable $323.90M $253.20M
Inventory $458.70M $392.10M
Other Current Assets $73.60M $51.30M
Total Current Assets $1.31B $1.08B
Property Plant & Equipment $267.40M $254.80M
Goodwill $781.30M $715.00M
Intangible Assets $246.80M $235.00M
Other Non-current Assets $96.30M $72.30M
Total Assets $2.73B $2.40B
Accounts Payable $156.00M $148.00M
Other Current Liabilities $218.80M $190.80M
Total Current Liabilities $463.90M $417.90M
Long-term Debt $197.50M $197.00M
Deferred Tax Liabilities $26.70M $10.90M
Other Non-current Liabilities $80.50M $63.30M
Retained Earnings $1.37B $1.18B
Total Stockholders Equity $1.96B $1.71B
Total Liabilities & Equity $2.73B $2.40B
Condensed Consolidated Statements of Cash Flows
Description Sep 30, 2025 Sep 30, 2025
Current Prior Year Current YTD Prior Year YTD
Net Income $82.20M $69.10M $257.10M $223.60M
Stock-based Compensation - - $15.10M $15.50M
Change in Receivables - - $56.10M $26.80M
Change in Inventory - - $47.40M $4.40M
Operating Cash Flow - - $247.30M $221.60M
Capital Expenditure - - $31.30M $23.30M
Acquisitions - - $85.70M $96.30M
Investing Cash Flow - - $-117.00M $-112.70M
Debt Repayment - - - $85.00M
Stock Repurchased - - $11.80M $13.00M
Financing Cash Flow - - $-74.50M $-156.20M
Net Change in Cash - - $70.80M $-46.20M

All values are in USD (United States Dollars). Data is sourced from SEC EDGAR 10-K filings.

Annual data represents full fiscal year results. FY = Fiscal Year ending.

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