Watts Water Technologies Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.44B | $2.25B | $2.06B | $1.98B | $1.81B | $1.51B | $1.60B | $1.56B |
| Cost of Revenue | $1.23B | $1.19B | $1.10B | $1.11B | $1.04B | $883.2M | $923.0M | $908.4M |
| Gross Profit | $1.21B | $1.06B | $960.9M | $874.3M | $767.1M | $625.4M | $677.5M | $656.5M |
| Gross Margin | 49.5% | 47.2% | 46.7% | 44.2% | 42.4% | 41.5% | 42.3% | 42.0% |
| Operating Expenses | ||||||||
| Research & Development | $73.5M | $70.4M | $67.1M | $59.4M | $45.6M | $42.2M | $39.6M | $34.5M |
| SG&A Expense | $734.2M | $664.4M | $604.5M | $548.7M | $508.2M | $434.4M | $476.1M | $464.7M |
| Operating Income | $448.1M | $390.4M | $350.9M | $315.0M | $239.6M | $181.1M | $197.1M | $188.4M |
| Operating Margin | 18.4% | 17.3% | 17.1% | 15.9% | 13.2% | 12.0% | 12.3% | 12.0% |
| Interest Expense | $10.8M | $14.7M | $8.2M | $7.0M | $6.3M | $13.3M | $14.1M | $16.3M |
| Pretax Income | $445.8M | $386.0M | $349.5M | $307.6M | $234.1M | $167.0M | $183.9M | $174.6M |
| Income Tax Expense | $105.0M | $94.8M | $87.4M | $56.1M | $68.4M | $52.7M | $52.4M | $46.6M |
| Net Income | $340.8M | $291.2M | $262.1M | $251.5M | $165.7M | $114.3M | $131.5M | $128.0M |
| Net Margin | 14.0% | 12.9% | 12.7% | 12.7% | 9.2% | 7.6% | 8.2% | 8.2% |
| EPS (Basic) | $10.17 | $8.70 | $7.85 | $7.51 | $4.90 | $3.37 | $3.86 | $3.73 |
| EPS (Diluted) | $10.17 | $8.69 | $7.82 | $7.48 | $4.88 | $3.36 | $3.85 | $3.73 |
| Shares Outstanding (Basic) | 33.5M | 33.5M | 33.4M | 33.5M | 33.8M | 33.9M | 34.1M | 34.3M |
| Shares Outstanding (Diluted) | 33.5M | 33.5M | 33.5M | 33.6M | 33.9M | 34.0M | 34.2M | 34.3M |
| Dividends Per Share | $1.99 | $1.65 | $1.38 | $1.16 | $1.01 | $0.92 | $0.90 | $0.82 |