WTS financial statements

The full income statement, balance sheet, and cash-flow statement for Watts Water Technologies Inc. (WTS), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

Shares outstanding (point-in-time)

2024-06 33.4M2024-09 33.3M2024-12 33.3M2025-03 33.4M2025-06 33.4M2025-09 33.4M2025-12 33.3M2026-03 33.4M2026-06 33.4M+0.1% over 8 periods

SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.

PeriodRangeOrderChangeYoYQoQFiguresAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Revenue	2.44B YoY+8.3%	2.25B YoY+9.5%	2.06B YoY+3.9%	1.98B YoY+9.4%	1.81B YoY+19.9%
	1.21B YoY+13.6%	1.06B YoY+10.5%	961M YoY+9.9%	874M YoY+14.0%	767M YoY+22.7%
Cost of revenue	1.23B YoY+3.6%	1.19B YoY+8.7%	1.10B YoY-0.9%	1.11B YoY+6.1%	1.04B YoY+18.0%
Research & development	73.5M YoY+4.4%	70.4M YoY+4.9%	67.1M YoY+13.0%	59.4M YoY+30.3%	45.6M YoY+8.1%
Selling, general & administrative	734M YoY+10.5%	664M YoY+9.9%	605M YoY+10.2%	549M YoY+8.0%	508M YoY+17.0%
Amortization of intangibles	20.6M YoY+4.0%	19.8M YoY+50.0%	13.2M YoY+9.1%	12.1M YoY-11.7%	13.7M YoY-9.9%
Operating income	448M YoY+14.8%	390M YoY+11.3%	351M YoY+11.4%	315M YoY+31.5%	240M YoY+32.3%
Interest expense	10.8M YoY-26.5%	14.7M YoY+79.3%	8.20M YoY+17.1%	7.00M YoY+11.1%	6.30M YoY-52.6%
Interest & investment income	9.80M YoY+10.1%	8.90M YoY+23.6%	7.20M YoY+1100.0%	600K	—
Other non-operating income	-1.30M YoY-192.9%	1.40M YoY+450.0%	-400K YoY+60.0%	-1.00M YoY-225.0%	800K YoY+180.0%
Pre-tax income	446M YoY+15.5%	386M YoY+10.4%	350M YoY+13.6%	308M YoY+31.4%	234M YoY+40.2%
Income tax	105M YoY+10.8%	94.8M YoY+8.5%	87.4M YoY+55.8%	56.1M YoY-18.0%	68.4M YoY+29.8%
	341M YoY+17.0%	291M YoY+11.1%	262M YoY+4.2%	252M YoY+51.8%	166M YoY+45.0%
Net income to common	341M YoY+17.0%	291M YoY+11.1%	262M YoY+4.2%	252M YoY+51.8%	166M YoY+45.0%
	$10.17 YoY+17.0%	$8.69 YoY+11.1%	$7.82 YoY+4.5%	$7.48 YoY+53.3%	$4.88 YoY+45.2%
EPS (basic)	$10.17 YoY+16.9%	$8.70 YoY+10.8%	$7.85 YoY+4.5%	$7.51 YoY+53.3%	$4.90 YoY+45.4%
	33.5M YoY+0.0%	33.5M YoY+0.3%	33.4M YoY-0.3%	33.5M YoY-0.9%	33.8M YoY-0.3%
	33.5M YoY+0.0%	33.5M YoY+0.0%	33.5M YoY-0.3%	33.6M YoY-0.9%	33.9M YoY-0.3%
Dividends per share	$1.99 YoY+20.6%	$1.65 YoY+19.6%	$1.38 YoY+19.0%	$1.16 YoY+14.9%	$1.01 YoY+9.8%
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	1.29B YoY+18.7%	1.08B YoY+2.1%	1.06B YoY+11.6%	951M YoY+10.3%	862M YoY+21.4%
Cash & equivalents	406M YoY+4.8%	387M YoY+10.5%	350M YoY+12.6%	311M YoY+28.4%	242M YoY+10.6%
Accounts receivable	294M YoY+16.1%	253M YoY-2.5%	260M YoY+11.1%	234M YoY+5.8%	221M YoY+11.8%
Inventory	524M YoY+33.7%	392M YoY-1.8%	399M YoY+6.3%	376M YoY+1.3%	371M YoY+40.6%
Prepaid expenses	62.3M YoY+21.4%	51.3M YoY-1.0%	51.8M YoY+70.4%	30.4M YoY+9.0%	27.9M YoY-5.1%
	2.88B YoY+20.2%	2.40B YoY+3.8%	2.31B YoY+19.6%	1.93B YoY+4.1%	1.86B YoY+6.8%
Property, plant & equipment	297M YoY+16.6%	255M YoY+2.7%	248M YoY+26.1%	197M YoY-1.9%	201M YoY-5.5%
Operating lease right-of-use	86.8M YoY+93.3%	44.9M YoY-10.6%	50.2M YoY+15.9%	43.3M YoY-7.7%	46.9M YoY-10.8%
Goodwill	859M YoY+20.1%	715M YoY+3.2%	693M YoY+17.0%	592M YoY-1.4%	601M YoY-0.3%
Intangible assets	295M YoY+25.4%	235M YoY+8.7%	216M YoY+90.1%	114M YoY-11.6%	129M YoY-9.3%
Deferred tax assets	17.9M YoY-50.8%	36.4M YoY+54.2%	23.6M YoY+32.6%	17.8M YoY+408.6%	3.50M YoY-20.5%
Other non-current assets	127M YoY+75.0%	72.3M YoY+7.1%	67.5M YoY+13.3%	59.6M YoY-1.7%	60.6M YoY-10.6%
	512M YoY+22.6%	418M YoY+3.0%	406M YoY+7.2%	379M YoY-7.3%	409M YoY+30.6%
Accounts payable	182M YoY+23.1%	148M YoY+12.3%	132M YoY-1.9%	134M YoY-6.3%	143M YoY+30.2%
Current lease liability	12.5M YoY+11.6%	11.2M YoY+9.8%	10.2M YoY+14.6%	8.90M YoY+1.1%	8.80M YoY-2.2%
Other current liabilities	235M YoY+23.0%	191M YoY+0.3%	190M YoY+9.0%	175M YoY-6.6%	187M YoY+36.0%
Finance lease liability (current)	1.20M YoY-52.0%	2.50M YoY+92.3%	1.30M YoY-59.4%	3.20M YoY+113.3%	1.50M YoY-11.8%
Long-term debt	198M YoY+0.4%	197M YoY-34.0%	298M YoY+102.1%	148M YoY+4.0%	142M YoY-28.4%
Non-current lease liability	79.1M YoY+107.6%	38.1M YoY-13.0%	43.8M YoY+15.0%	38.1M YoY-9.3%	42.0M YoY-10.6%
Operating lease liability (total)	91.6M YoY+85.8%	49.3M YoY-8.7%	54.0M YoY+14.9%	47.0M YoY-7.5%	50.8M YoY-9.3%
Finance lease liability (total)	2.60M YoY-39.5%	4.30M YoY+72.0%	2.50M YoY-45.7%	4.60M YoY+35.3%	3.40M YoY-26.1%
Finance lease liability	1.40M YoY-22.2%	1.80M YoY+50.0%	1.20M YoY-14.3%	1.40M YoY-26.3%	1.90M YoY-34.5%
Deferred tax liabilities	36.5M YoY+234.9%	10.9M YoY-19.3%	13.5M YoY-48.5%	26.2M YoY-35.3%	40.5M YoY-20.7%
Other non-current liabilities	107M YoY+68.9%	63.3M YoY-19.4%	78.5M YoY+0.9%	77.8M YoY-15.0%	91.5M YoY-13.9%
	2.03B YoY+18.7%	1.71B YoY+12.9%	1.51B YoY+16.4%	1.30B YoY+10.9%	1.17B YoY+9.7%
Additional paid-in capital	721M YoY+3.5%	696M YoY+3.2%	674M YoY+3.4%	652M YoY+3.3%	631M YoY+4.1%
Retained earnings	1.43B YoY+20.8%	1.18B YoY+21.0%	979M YoY+23.1%	795M YoY+19.4%	666M YoY+18.9%
Accumulated other comprehensive income	-128M YoY+27.7%	-176M YoY-23.0%	-143M YoY+4.3%	-150M YoY-17.8%	-127M YoY-27.3%
Total liabilities & equity	2.88B YoY+20.2%	2.40B YoY+3.8%	2.31B YoY+19.6%	1.93B YoY+4.1%	1.86B YoY+6.8%
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	402M YoY+11.3%	361M YoY+16.2%	311M YoY+38.8%	224M YoY+23.9%	181M YoY-21.0%
Depreciation & amortization	56.8M YoY+4.4%	54.4M YoY+25.6%	43.3M YoY+9.1%	39.7M YoY-12.0%	45.1M YoY-3.0%
Intangible amortization	20.6M YoY+4.0%	19.8M YoY+50.0%	13.2M YoY+9.1%	12.1M YoY-11.7%	13.7M YoY-9.9%
Share-based compensation	21.2M YoY+8.7%	19.5M YoY-3.5%	20.2M YoY+9.8%	18.4M YoY-19.7%	22.9M YoY+80.3%
Deferred income taxes	38.6M YoY+359.1%	-14.9M YoY+19.9%	-18.6M YoY+37.2%	-29.6M YoY-256.6%	-8.30M YoY-216.9%
Change in receivables	9.50M YoY+387.9%	-3.30M YoY+46.8%	-6.20M YoY-131.0%	20.0M YoY-33.8%	30.2M YoY+193.8%
Change in inventory	75.4M YoY+654.4%	-13.6M YoY+49.6%	-27.0M YoY-264.6%	16.4M YoY-85.6%	114M YoY+708.0%
	-303M YoY-142.8%	-125M YoY+63.7%	-343M YoY-1398.3%	-22.9M YoY+25.4%	-30.7M YoY+44.0%
Capital expenditure	45.7M YoY+29.5%	35.3M YoY+18.9%	29.7M YoY+5.7%	28.1M YoY+5.2%	26.7M YoY-39.0%
Free cash flow	356M YoY+9.4%	326M YoY+15.9%	281M YoY+43.5%	196M YoY+27.1%	154M YoY-16.7%
Acquisitions	257M YoY+167.0%	96.3M YoY-69.3%	313M	0.00 YoY-100.0%	9.10M YoY-40.1%
Proceeds from sale of PP&E	—	5.90M	—	5.20M YoY+2.0%	5.10M YoY+131.8%
Other investing activities	—	-1.00M	—	—	—
	-96.9M YoY+49.1%	-191M YoY-376.1%	69.0M YoY+156.7%	-122M YoY-2.6%	-119M YoY+34.8%
Long-term debt issued	0.00	0.00 YoY-100.0%	240M YoY+182.4%	85.0M YoY+112.5%	40.0M YoY-90.2%
Long-term debt repaid	0.00 YoY-100.0%	100M YoY+11.1%	90.0M YoY+12.5%	80.0M YoY-15.8%	95.0M YoY-81.6%
Common stock issued	0.00	0.00	0.00	0.00	0.00
Common stock repurchased	16.0M YoY-5.9%	17.0M YoY+6.3%	16.0M YoY-76.9%	69.4M YoY+333.8%	16.0M YoY-44.6%
Dividends paid	66.9M YoY+20.5%	55.5M YoY+19.4%	46.5M YoY+17.7%	39.5M YoY+15.2%	34.3M YoY+9.2%
FX effect on cash	16.3M YoY+279.1%	-9.10M YoY-450.0%	2.60M YoY+124.5%	-10.6M YoY-26.2%	-8.40M YoY-218.3%
Net change in cash	18.6M YoY-49.5%	36.8M YoY-6.4%	39.3M YoY-42.9%	68.8M YoY+197.8%	23.1M YoY+2987.5%
Interest paid	9.90M YoY-22.0%	12.7M YoY+64.9%	7.70M YoY+35.1%	5.70M YoY-17.4%	6.90M YoY-43.4%
Income taxes paid	74.4M YoY-36.5%	117M YoY+1.3%	116M YoY+34.8%	85.8M YoY+17.5%	73.0M YoY+60.1%
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Market cap	9.22B YoY+35.3%	6.81B YoY-2.4%	6.98B YoY+42.5%	4.90B YoY-25.6%	6.58B YoY+59.1%
P/E	27.0× YoY+15.6%	23.4× YoY-7.8%	25.4× YoY+15.5%	22.0× YoY-44.7%	39.7× YoY+9.7%
P/S	3.8× YoY+25.0%	3.0× YoY-12.9%	3.5× YoY+38.3%	2.5× YoY-31.0%	3.6× YoY+32.6%
P/B	4.5× YoY+14.0%	4.0× YoY-17.0%	4.8× YoY+18.5%	4.1× YoY-27.7%	5.6× YoY+45.1%
P/FCF	25.9× YoY+23.7%	20.9× YoY-6.6%	22.4× YoY-52.1%	46.7× YoY+9.3%	42.7× YoY+91.0%
	3.7% YoY-13.5%	4.3% YoY+8.5%	3.9% YoY-13.4%	4.6% YoY+80.8%	2.5% YoY-8.9%
	3.9% YoY-19.2%	4.8% YoY+7.1%	4.5% YoY+108.6%	2.1% YoY-8.5%	2.3% YoY-47.6%
	0.72% YoY-11.2%	0.81% YoY+22.5%	0.66% YoY-16.5%	0.79% YoY+52.5%	0.52% YoY-31.2%
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: WTS's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all WTS filings on SEC EDGAR → Not investment advice.