15 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 10.1% per year over the past 5 years.
Net income has grown faster than revenue (24.4% vs 10.1% per year).
Operating margin has expanded, at 18.4% in the latest year.
Free cash flow has grown 14.0% per year over the past 5 years.
Financial health
The company holds more cash ($406M) than total debt ($198M).
Total debt has grown slower than revenue (-0.2% vs 10.1% per year).
Operating income covered interest expense 41× in the latest year, up from 14× 5 years ago.
Total debt is 0.4× EBITDA.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$2.4B
$341M
49.5%
18.4%
$356M
$198M
$406M
2024
$2.3B
$291M
47.2%
17.3%
$326M
$197M
$387M
2023
$2.1B
$262M
46.7%
17.1%
$281M
$298M
$350M
2022
$2.0B
$252M
44.2%
15.9%
$196M
$148M
$311M
2021
$1.8B
$166M
42.4%
13.2%
$154M
$142M
$242M
2020
$1.5B
$114M
41.5%
12.0%
$185M
$200M
$219M
2019
$1.6B
$132M
42.3%
12.3%
$165M
$310M
$220M
2018
$1.6B
$128M
42.0%
12.0%
$134M
$355M
$204M
2017
$1.5B
$73M
41.4%
11.1%
$127M
$500M
$280M
2016
$1.4B
$84M
40.4%
10.4%
$102M
$654M
$338M
2015
—
-$113M
—
—
$82M
$577M
$296M
2014
—
$50M
—
—
—
$580M
$301M
2013
—
$59M
—
—
—
$308M
$268M
2012
—
$68M
—
—
—
$385M
$271M
2010
—
$59M
—
—
—
$379M
$329M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$677M
$100M
48.1%
19.6%
$7M
$198M
$375M
Dec '25
$625M
$84M
49.5%
18.2%
$140M
$198M
$406M
Sep '25
$612M
$82M
48.8%
18.2%
$111M
$198M
$458M
Jun '25
$644M
$101M
50.6%
21.0%
$60M
$197M
$369M
Mar '25
$558M
$74M
48.8%
15.7%
$46M
$197M
$337M
Dec '24
$540M
$68M
46.7%
16.5%
$128M
$197M
$387M
Sep '24
$544M
$69M
47.3%
17.1%
$84M
$212M
$304M
Jun '24
$597M
$82M
47.7%
18.7%
$79M
$259M
$279M
Mar '24
$571M
$73M
46.9%
16.9%
$36M
$284M
$237M
Dec '23
$548M
$56M
46.7%
14.4%
$99M
$298M
$350M
Sep '23
$504M
$66M
46.5%
17.3%
$93M
$98M
$363M
Jun '23
$533M
$76M
47.4%
18.8%
$61M
$98M
$292M
Mar '23
$472M
$65M
46.2%
18.0%
$28M
$148M
$312M
Dec '22
$502M
$69M
43.6%
13.4%
$130M
$148M
$311M
Sep '22
$488M
$59M
44.7%
16.5%
$34M
$182M
$220M
Jun '22
$527M
$70M
45.4%
18.2%
$39M
$202M
$230M
Mar '22
$463M
$55M
42.9%
15.4%
-$8M
$202M
$227M
Dec '21
$474M
$40M
42.1%
13.2%
$39M
$142M
$242M
Sep '21
$455M
$46M
42.6%
14.2%
$55M
$152M
$239M
Jun '21
$467M
$38M
42.8%
11.3%
$31M
$192M
$240M
Valuation over time
How the market has priced WTS against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has risen from 22.4× (Mar '23) to 36.9× (Jun '26).
The price-to-sales ratio has risen from 2.8× (Mar '23) to 5.2× (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Frequently asked questions
Is WTS growing its revenue and profit?
Over the past 5 years, Watts Water Technologies Inc's revenue has grown 10.1% per year, and net income grown 24.4% per year. These are computed facts, not advice.
How much debt does WTS have?
As of FY2025, Watts Water Technologies Inc reported $198M of total debt against $406M of cash; operating income covered interest expense 41×.
What is WTS's profit margin?
In FY2025, gross margin was 49.5%, operating margin 18.4%, and net margin 14.0%.
What is WTS's P/E ratio?
As of Jun '26, Watts Water Technologies Inc traded at a price-to-earnings ratio of about 36.9× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.