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WTS

Watts Water Technologies, Inc.

WTS

Watts Water Technologies, Inc. • NYSE
$275.88 ▼ -0.67% (-1.86)
Market Cap $9.20 B
52w High $287.89
52w Low $177.59
Dividend Yield 1.47%
P/E 28.5
Volume 68.47K
Outstanding Shares 33.35M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $611.7M ▼ $185.1M ▼ $82.2M ▼ 13.438% ▼ $2.45 ▼ $140.7M ▼
Q2-2025 $643.7M ▲ $190.6M ▲ $100.9M ▲ 15.675% ▲ $3.01 ▲ $151.9M ▲
Q1-2025 $558M ▲ $184.8M ▲ $74M ▲ 13.262% ▲ $2.21 ▲ $103.3M ▼
Q4-2024 $540.4M ▼ $163.6M ▼ $67.6M ▼ 12.509% ▼ $2.02 ▼ $105.4M ▼
Q3-2024 $543.6M $163.9M $69.1M 12.712% $2.06 $110M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $457.7M ▲ $2.725B ▲ $768.6M ▲ $1.957B ▲
Q2-2025 $369.3M ▲ $2.645B ▲ $752.5M ▲ $1.892B ▲
Q1-2025 $336.8M ▼ $2.501B ▲ $728.5M ▲ $1.772B ▲
Q4-2024 $386.9M ▲ $2.397B ▼ $689.1M ▼ $1.708B ▲
Q3-2024 $303.9M $2.399B $710M $1.689B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $82.2M ▼ $122.4M ▲ $-11.5M ▲ $-22.2M ▲ $88.4M ▲ $110.9M ▲
Q2-2025 $100.9M ▲ $69.7M ▲ $-25.6M ▲ $-22.4M ▲ $32.5M ▲ $59.5M ▲
Q1-2025 $74M ▲ $55.2M ▼ $-79.9M ▼ $-29.9M ▲ $-50.1M ▼ $45.6M ▼
Q4-2024 $67.5M ▼ $139.5M ▲ $-12M ▼ $-34.3M ▲ $83M ▲ $127.5M ▲
Q3-2024 $69M $90.7M $-5.2M $-67.3M $24.5M $84.3M

Revenue by Products

Product Q4-2020Q1-2021Q2-2021Q3-2021
Drains And Water Reuse
Drains And Water Reuse
 $40.00M ▲$40.00M ▲$50.00M ▲$50.00M ▲
H V A C And Gas
H V A C And Gas
 $130.00M ▲$120.00M ▼$140.00M ▲$140.00M ▲
Residential And Commercial Flow Control
Residential And Commercial Flow Control
 $210.00M ▲$220.00M ▲$250.00M ▲$240.00M ▼
Water Quality
Water Quality
 $20.00M ▲$30.00M ▲$30.00M ▲$30.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Watts Water has shown steady, healthy growth in both sales and profits over the past five years, with no obvious setbacks in the trend. Profit margins have gradually widened, suggesting better pricing power, product mix, and cost control. Earnings per share have grown faster than sales, helped by this margin improvement and disciplined expense management. Overall, the income statement reflects a business that is scaling efficiently rather than simply getting bigger.

Balance Sheet

Balance Sheet The balance sheet looks conservative and solid. Total assets and shareholders’ equity have been building steadily, which indicates reinvestment and retained profits over time. Debt levels appear modest relative to the company’s size and have not been allowed to climb aggressively, while cash balances have generally increased. This combination points to financial flexibility and resilience in the face of industry or economic cycles.

Cash Flow

Cash Flow Watts converts a good share of its accounting profits into actual cash, and that cash generation has improved over the period shown. Operating cash flow has trended upward, and after funding relatively modest capital spending needs, the company is left with consistent and growing free cash flow. The business does not appear overly capital‑hungry, which supports ongoing investments, potential acquisitions, and shareholder returns without straining the balance sheet. Overall, cash flow quality looks strong and dependable rather than volatile.

Competitive Edge

Competitive Edge Watts occupies a strong niche in water-related products and systems, backed by a long-established brand that is trusted by contractors, engineers, and facility owners. Its broad product portfolio and global distribution network make it a convenient “one-stop” partner, which strengthens relationships with customers and channel partners. Scale advantages and a track record of integrating acquisitions add to its competitive defenses. The main competitive risks come from other large industrial and water-technology players pushing into smart and sustainable solutions, as well as pricing pressure in more commoditized product areas.

Innovation and R&D

Innovation and R&D The company is clearly leaning into smart, connected, and sustainable water management rather than standing still as a traditional hardware supplier. Platforms like its Nexa intelligent water management system, digital leak detection, connected boilers, and advanced mixing systems show a strong focus on software, sensors, and data, not just metal and valves. Watts also uses acquisitions to add new technologies and niche capabilities, especially in water quality and specialized control systems. The key execution risk is keeping its connected offerings truly differentiated and secure, while continuing to innovate fast enough to stay ahead of rivals in IoT and green-building solutions.

Summary

Watts Water today looks like a financially disciplined industrial company that has steadily grown sales, widened margins, and strengthened its balance sheet, while maintaining robust cash generation. Its position in water safety, efficiency, and control gives it exposure to long-term themes such as infrastructure renewal, smart buildings, and sustainability. The strategic shift toward smart and connected solutions, paired with targeted acquisitions, offers potential for higher-value, more recurring revenue streams. On the risk side, the business still depends on construction and infrastructure cycles, faces strong competition in water and HVAC technologies, and must execute well on digital innovation and integration. Overall, the data portrays a mature yet evolving industrial player, using a strong financial base to pivot toward more technology‑driven water management solutions.

NEWS

November 17, 2025 · 9:15 AM UTC

Watts Water Technologies Inc. Completes Acquisition of Superior Boiler

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November 17, 2025 · 9:10 AM UTC

Watts Water Technologies Announces Chief Financial Officer Transition

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November 10, 2025 · 4:15 PM UTC

Watts Water Technologies Elects Suzanne L. Stefany to Its Board of Directors

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November 5, 2025 · 4:15 PM UTC

Watts Water Technologies Reports Strong Third Quarter 2025 Results

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November 3, 2025 · 5:01 PM UTC

Watts Water Technologies, Inc. Declares Quarterly Dividend

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