Watts Water Technologies, Inc. (WTS) Income Statement
WTS 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsWTS revenue and net income
Where WTS's revenue goes
2025Each bar shows an amount and its share of revenue. WTS kept 14.0% of revenue as net income.
WTS profit margins
WTS growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +8.3% | +7.2% | +10.1% | +5.2% |
| Gross profit | +13.6% | +11.3% | +14.0% | +8.1% |
| Operating income | +20.9% | +14.4% | +21.1% | — |
| Net income | +17.0% | +10.7% | +24.4% | — |
| EPS (diluted) | +19.3% | +14.1% | +22.2% | +16.0% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
WTS quarterly EPS vs estimates
Watts Water Technologies beat the analyst EPS estimate in 8 of the last 8 quarters. Next report: November 4, 2026 (estimate $3.15).
WTS income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.44B | $2.25B | $2.06B | $1.98B | $1.81B | $1.51B | $1.60B | $1.56B | $1.46B | $1.40B |
| Cost of revenue | $1.23B | $1.19B | $1.10B | $1.11B | $1.04B | $883.2M | $923.0M | $908.4M | $854.3M | $832.8M |
| Gross profit | $1.21B | $1.06B | $960.9M | $874.3M | $767.1M | $625.4M | $677.5M | $656.5M | $602.4M | $565.6M |
| Research & development | — | $70.4M | $67.1M | $59.4M | $45.6M | $42.6M | $39.6M | $34.5M | $29.0M | $26.5M |
| Sales, general & admin | $734.2M | $594.0M | $537.4M | $489.3M | $462.6M | $392.2M | $436.5M | $430.2M | $403.3M | $397.6M |
| Total operating expenses | $734.2M | $671.6M | $610.0M | $559.3M | $527.5M | $444.3M | $480.4M | $468.1M | $440.1M | $420.6M |
| Operating income | $471.8M | $390.4M | $350.9M | $315.0M | $239.6M | $181.1M | $197.1M | $188.4M | $162.3M | $145.0M |
| Interest income | $1.0M | $8.9M | $4.3M | $6.4M | $6.3M | $13.1M | $400,000 | $800,000 | $1.0M | $1.0M |
| Interest expense | $10.8M | $14.7M | $8.2M | $7.0M | $6.3M | $13.3M | $14.1M | $16.3M | $19.1M | $22.6M |
| Income before taxes | $445.8M | $386.0M | $349.5M | $307.6M | $234.1M | $167.0M | $183.9M | $174.6M | $143.1M | $127.8M |
| Income taxes | $105.0M | $94.8M | $87.4M | $56.1M | $68.4M | $52.7M | $52.4M | $49.8M | $70.0M | $43.6M |
| Net income | $340.8M | $291.2M | $262.1M | $251.5M | $165.7M | $114.3M | $131.5M | $124.8M | $73.1M | $84.2M |
| EBITDA | $513.4M | $455.1M | $401.0M | $354.3M | $285.5M | $226.8M | $244.6M | $239.4M | $214.4M | $201.6M |
| EPS (diluted) | $10.58 | $8.87 | $8.27 | $7.13 | $5.53 | $3.89 | $4.07 | $3.74 | $3.02 | $2.67 |
| Gross margin | 49.5% | 47.2% | 46.7% | 44.2% | 42.4% | 41.5% | 42.3% | 42.0% | 41.4% | 40.4% |
| Operating margin | 19.3% | 17.3% | 17.1% | 15.9% | 13.2% | 12.0% | 12.3% | 12.0% | 11.1% | 10.4% |
| Net margin | 14.0% | 12.9% | 12.7% | 12.7% | 9.2% | 7.6% | 8.2% | 8.0% | 5.0% | 6.0% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $763.2M | $677.3M | $625.1M | $611.7M | $643.7M | $558.0M | $540.4M | $543.6M | $597.3M | $570.9M | $547.5M | $504.3M |
| Cost of revenue | $389.1M | $351.2M | $315.9M | $313.3M | $317.8M | $285.5M | $287.8M | $286.5M | $312.5M | $303.4M | $291.9M | $269.9M |
| Gross profit | $374.1M | $326.1M | $309.2M | $298.4M | $325.9M | $272.5M | $252.6M | $257.1M | $284.8M | $267.5M | $255.6M | $234.4M |
| Research & development | $19.2M | $19.2M | — | — | $17.4M | $16.8M | $16.4M | $17.6M | $17.9M | $18.5M | $19.8M | $15.2M |
| Sales, general & admin | $214.5M | $192.9M | $194.4M | $185.1M | $169.8M | $150.7M | $129.3M | $140.5M | $155.2M | $151.1M | $153.3M | $131.7M |
| Total operating expenses | $220.1M | $192.9M | $194.4M | $185.1M | $190.6M | $184.8M | $163.6M | $163.9M | $173.3M | $170.8M | $176.9M | $147.3M |
| Operating income | $154.0M | $133.0M | $114.8M | $113.3M | $135.3M | $87.7M | $89.0M | $93.2M | $111.5M | $96.7M | $78.7M | $87.1M |
| Interest income | $1.7M | $1.7M | $2.7M | $2.5M | $2.3M | $2.3M | $2.8M | $2.1M | $1.9M | $2.1M | $3.2M | $2.3M |
| Interest expense | $2.2M | $2.6M | $2.7M | $2.7M | $2.7M | $2.7M | $2.8M | $3.6M | $4.1M | $4.2M | $3.8M | $1.2M |
| Income before taxes | $153.7M | $131.4M | $113.2M | $111.0M | $134.7M | $86.9M | $89.0M | $92.3M | $109.5M | $95.2M | $77.3M | $88.1M |
| Income taxes | $35.4M | $31.8M | $29.5M | $28.8M | $33.8M | $12.9M | $21.4M | $23.2M | $27.5M | $22.6M | $21.6M | $22.3M |
| Net income | $118.3M | $99.6M | $83.7M | $82.2M | $100.9M | $74.0M | $67.6M | $69.1M | $82.0M | $72.6M | $55.7M | $65.8M |
| EBITDA | $169.5M | $149.4M | $131.3M | $128.5M | $151.9M | $103.3M | $105.4M | $110.0M | $127.0M | $112.7M | $93.6M | $99.8M |
| EPS (diluted) | $3.66 | $3.04 | $2.62 | $2.50 | $3.09 | $2.37 | $2.05 | $2.03 | $2.46 | $2.33 | $1.97 | $2.04 |
| Gross margin | 49.0% | 48.1% | 49.5% | 48.8% | 50.6% | 48.8% | 46.7% | 47.3% | 47.7% | 46.9% | 46.7% | 46.5% |
| Operating margin | 20.2% | 19.6% | 18.4% | 18.5% | 21.0% | 15.7% | 16.5% | 17.1% | 18.7% | 16.9% | 14.4% | 17.3% |
| Net margin | 15.5% | 14.7% | 13.4% | 13.4% | 15.7% | 13.3% | 12.5% | 12.7% | 13.7% | 12.7% | 10.2% | 13.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in WTS's financial statements (latest annual report filed February 23, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
WTS financial results
In fiscal year 2025 (ended December 31, 2025), Watts Water Technologies reported revenue of $2.4 billion, up 8.3% from the year before. It had net income of $340.8 million (up 17.0%), a net profit margin of 14.0%. Diluted earnings per share came to $10.58. Over five years revenue grew at an average rate of 10.1% a year.
See the WTS stock overview for the latest quote and news, or the WTS chart for price history and technical indicators.
WTS income statement FAQ
What is Watts Water Technologies's annual revenue?
Watts Water Technologies reported total revenue of $2.4 billion for fiscal year 2025, which ended on December 31, 2025. That was up 8.3% from $2.3 billion the previous year.
Is Watts Water Technologies profitable?
Yes. Watts Water Technologies reported net income of $340.8 million in fiscal 2025, a net profit margin of 14.0%; its operating margin was 19.3%.
What is Watts Water Technologies's gross margin?
Watts Water Technologies's gross margin was 49.5% in fiscal 2025: for every $100 of revenue, Watts Water Technologies kept $49 after the direct cost of its products and services.
How fast is Watts Water Technologies growing?
Revenue grew 10.1% a year on average over the last five fiscal years, from $1.5 billion to $2.4 billion.
What are Watts Water Technologies's earnings per share?
Watts Water Technologies earned $10.58 per diluted share in fiscal 2025, compared with $8.87 a year earlier.
When will Watts Water Technologies report its next earnings?
Watts Water Technologies is expected to report results for the quarter ending September 30, 2026 on November 4, 2026 after the market closes.
When does Watts Water Technologies's fiscal year end?
Watts Water Technologies's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 23, 2026.