A Business at a Glance
0 of 5 daily views used (5 remaining). Sign up free for 10 daily views, or try AAPL for a full preview.
In this Annual Report on Form 10-K, references to “the Company,” “Watts Water,” “Watts,” “we,” “us” or “our” refer to Watts Water Technologies, Inc. and its consolidated subsidiaries. Watts Regulator Co. was founded by Joseph E. Watts in 1874 in Lawrence, Massachusetts. Watts Regulator Co. started as a small machine shop supplying parts to the New England textile mills of the 19th century. Since then, Watts has grown into a global manufacturer and become one of the world’s leading providers of water technologies and solutions that are designed to promote safety, energy efficiency, and water conservation for commercial and residential buildings. Watts Water Technologies, Inc. was incorporated in Delaware in 1985 and is the parent company of Watts Regulator Co.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 2.4B | 2.4B | 2.3B | 2.1B | 2.0B | 1.8B |
| Net Income | 341M | 341M | 291M | 262M | 252M | 166M |
| EPS | $10.17 | $10.17 | $8.69 | $7.82 | $7.48 | $4.88 |
| Free Cash Flow | 356M | 356M | 326M | 281M | 196M | 154M |
| ROIC | 18.8% | 20.5% | 19.7% | 20.2% | 23.3% | 16.0% |
| Gross Margin | 49.5% | 49.5% | 47.2% | 46.7% | 44.2% | 42.4% |
| Debt/Equity | 0.10 | 0.10 | 0.12 | 0.20 | 0.12 | 0.12 |
| Dividends/Share | $2.00 | $1.99 | $1.65 | $1.38 | $1.16 | $1.01 |
| Operating Income | 448M | 448M | 390M | 351M | 315M | 240M |
| Operating Margin | 18.4% | 18.4% | 17.3% | 17.1% | 15.9% | 13.2% |
| ROE | 16.8% | 18.2% | 18.1% | 18.6% | 20.3% | 14.8% |
| Shares Outstanding | 34M | 34M | 34M | 34M | 34M | 34M |
WATTS WATER TECHNOLOGIES INC passes 5 of 9 quality checks, suggesting mixed fundamentals.
WATTS WATER TECHNOLOGIES INC trades at 30.4x trailing earnings, compared to its 15-year median P/E of 25.6x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 23.8x vs a median of 21.1x. The company's 5-year average ROIC is 19.9% with a gross margin of 46.0%. Total shareholder yield (dividends + buybacks) is 0.8%. At current prices, the estimated annualized return to fair value is +19.8%.
WATTS WATER TECHNOLOGIES INC (WTS) has a current P/E ratio of 30.4, compared to its historical median P/E of 25.6. The stock is currently considered Fair based on its historical valuation range.
WATTS WATER TECHNOLOGIES INC (WTS) has a 5-year average return on invested capital (ROIC) of 19.9%. This indicates strong capital allocation and a potential competitive advantage.
WATTS WATER TECHNOLOGIES INC (WTS) has a market capitalization of $10.3B. It is classified as a large-cap stock.
Yes, WATTS WATER TECHNOLOGIES INC (WTS) pays a dividend with a trailing twelve-month yield of 0.65%. The company also returns capital through share buybacks, with a buyback yield of 0.15%.
Based on historical P/E analysis, WATTS WATER TECHNOLOGIES INC (WTS) appears fair. The current P/E of 30.4 is 18% above its historical median of 25.6. The estimated fair value CAGR (P/E method) is 19.5%.
WATTS WATER TECHNOLOGIES INC (WTS) operates in the Miscellaneous Fabricated Metal Products industry, within the Industrials sector.
WATTS WATER TECHNOLOGIES INC (WTS) reported annual revenue of $2.4 billion in its most recent fiscal year, based on SEC EDGAR filings.
WATTS WATER TECHNOLOGIES INC (WTS) has a net profit margin of 14.0%. This is a healthy margin.
WATTS WATER TECHNOLOGIES INC (WTS) generated $356 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
WATTS WATER TECHNOLOGIES INC (WTS) has a debt-to-equity ratio of 0.10. This indicates a conservatively financed balance sheet.
WATTS WATER TECHNOLOGIES INC (WTS) reported earnings per share (EPS) of $10.17 in its most recent fiscal year.
WATTS WATER TECHNOLOGIES INC (WTS) has a return on equity (ROE) of 18.2%. This indicates the company generates strong returns for shareholders.
WATTS WATER TECHNOLOGIES INC (WTS) has a 5-year average gross margin of 46.0%. This indicates decent pricing power.
The Ledger Terminal provides 16 years of financial data for WATTS WATER TECHNOLOGIES INC (WTS), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
WATTS WATER TECHNOLOGIES INC (WTS) has a book value per share of $60.51, based on its most recent annual SEC filing.