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Watts Water Technologies, Inc.

WTS Industrials Specialty Industrial Machinery

Watts Water Technologies, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.4 billion, up 8.27% from fiscal 2024. In the quarter to June 2026, revenue grew 18.6%, EPS grew 17.3%, free cash flow grew 54.0% and total debt fell 45.3%, each against the same quarter a year earlier. Dividend growth for twenty-five consecutive years, revenue growth for five, operating cash flow growth for three.

356.66 1.58 +0.44%
Market cap
$11.9B
P/E
31.1×
Fwd P/E
26.5×
Dividend yield
0.64%
F-score
7/9
Altman Z
8.88
Beneish M
−2.44
Dividend safety
100/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 17.26
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell 3 1 — 3 3 — 2 — — — 2 —
Insider Ownership 19.04%

Capital & Financial Ratios $m

Market Cap 11,850.00
Revenue 2,677.30
Net Income 383.80
Free Cash Flow 349.40
Net Debt (239.90)
Current Ratio 2.66 (at or above 1.5: strong)
Debt/Equity 0.05 (at or below 0.5: strong)
P/E ratio 31.15
Fwd P/E 26.50
P/S ratio 4.46
P/B ratio 5.46
Past 5Y EPS Growth 24.79% (at or above 15%: strong)
This Y EPS Growth 21.53% (at or above 15%: strong)
Next Y EPS Growth 9.18%
Next Y revenue growth 16.01% (at or above 10%: strong)
Next 5Y EPS Growth 13.34%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 4.4×, against a ten-year median of 2.5×; over the ten years it ranged from 1.4× in 2016 to 4.8× in 2026.
P/E against its own 10 years 76.72%
10-year low 10-year high
P/S against its own 10 years 98.05%
10-year low 10-year high
P/B against its own 10 years 96.72%
10-year low 10-year high
EV/Sales against its own 10 years 98.05%
10-year low 10-year high
EV/FCF against its own 10 years 84.74%
10-year low 10-year high

Dividends

Payout Ratio 0.20
Annual Dividend Rate 2.30
Annual Dividend Yield 0.64%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 2.41
0.52
0.63
0.63
2025 1.99
0.43
0.52
0.52
0.52
2024 1.65
0.36
0.43
0.43
0.43
2023 1.38
0.30
0.36
0.36
0.36
2022 1.16
0.26
0.30
0.30
0.30
2021 1.01
0.23
0.26
0.26
0.26
2020 0.92
0.23
0.23
0.23
0.23
2019 0.90
0.21
0.23
0.23
0.23
2018 0.82
0.19
0.21
0.21
0.21
2017 0.75
0.18
0.19
0.19
0.19
2016 0.71
0.17
0.18
0.18
0.18
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 350 387 406 348
Receivables 260 253 294 404
Inventory 399 392 524 547
Other — — — —
1,061 1,084 1,286 1,366
2023 2024 2025 Q'26
Payables 132 148 182 182
ST’ Debt — — — —
Other — — — —
406 418 512 513

Compound Annual Growth %

10y 5y 3y
Sales 5.21% 10.08% 7.20%
Cash Flow 13.90% 11.93% 21.52%
Earnings 0.00% 24.42% 10.66%
Book Value 11.14% 13.64% 15.95%

Revenue $m

Mar Jun Sep Dec Year
’26 677 763 — — —
’25 558 644 612 625 2,439
’24 571 597 544 540 2,252
’23 472 533 504 548 2,056
’22 463 527 488 502 1,980
’21 413 467 455 474 1,809
’20 383 339 384 403 1,509
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 18 103 — — —
’25 55 70 122 155 402
’24 46 85 91 140 361
’23 33 67 100 110 311
’22 (2) 47 41 138 224
’21 34 39 62 46 181
’20 (1) 48 80 101 229
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 7 92 — — —
’25 46 60 111 140 356
’24 37 83 85 128 332
’23 28 61 93 99 281
’22 (8) 40 34 134 201
’21 32 33 55 39 159
’20 (8) 33 70 92 187
Fiscal quarters ending in the months shown.

EPS $

Mar Jun Sep Dec Year
’26 2.97 3.53 — — —
’25 2.21 3.01 2.45 2.50 10.17
’24 2.17 2.44 2.06 2.02 8.69
’23 1.93 2.26 1.96 1.67 7.82
’22 1.61 2.07 1.75 2.05 7.48
’21 1.23 1.11 1.37 1.18 4.88
’20 0.94 0.59 0.97 0.86 3.36
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.5
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 44.51 59.15 61.17 61.91 69.02 113.44 116.31 142.10 175.37 177.59

Analyst estimates 2026–2028

Powerpack
High 71.05 78.05 93.35 100.86 123.03 212.00 195.60 213.14 222.70 287.89
People
People Employees 4,800 4,800 4,800 4,800 4,465 4,597 4,600 5,100 4,800 5,700
Revenue/emp, $m 0.29 0.30 0.33 0.33 0.34 0.39 0.43 0.40 0.47 0.43
Income, $m
Income, $m Revenue 1,398 1,457 1,565 1,601 1,509 1,809 1,980 2,056 2,252 2,439
Gross margin, % 40.45 41.35 41.95 42.33 41.46 42.40 44.17 46.73 47.15 49.46
EBT 128 143 175 184 167 234 308 350 386 446
EBT margin, % 9.14 9.82 11.16 11.49 11.07 12.94 15.54 17.00 17.14 18.28
Net income 84 73 128 132 114 166 252 262 291 341
Depreciation 51 52 49 47 47 45 40 43 54 58
Per share, $
Per share, $ Revenue 40.65 42.35 45.62 46.94 44.50 53.53 59.09 61.57 67.23 72.79
Earnings 2.45 2.12 3.64 3.86 3.37 4.90 7.51 7.85 8.70 10.17
Cash flow 4.01 4.53 4.94 5.69 6.75 5.35 6.69 9.31 10.78 12.00
Capex (0.76) (0.80) (1.00) (0.85) (1.23) (0.64) (0.68) (0.89) (0.88) (1.36)
Free cash flow 3.26 3.74 3.94 4.84 5.52 4.71 6.00 8.42 9.90 10.64
Book value 21.40 24.10 25.99 28.68 31.56 34.71 38.82 45.31 50.98 60.53
Shares, m 34 34 34 34 34 34 34 33 34 34
Valuation, ×
Valuation, × P/E 26.97 35.85 17.73 25.84 36.11 39.55 19.39 26.05 23.37 27.14
P/S 1.62 1.79 1.41 2.13 2.73 3.63 2.46 3.32 3.02 3.79
P/B 3.07 3.15 2.48 3.48 3.86 5.59 3.75 4.51 3.99 4.56
EV/Sales 1.84 1.94 1.51 2.18 2.78 3.62 2.42 3.34 2.98 3.74
EV/FCF 22.98 21.78 17.83 21.59 22.76 41.96 24.24 24.68 20.41 25.83
Cash, $m
Cash, $m Operating cash flow 138 156 169 194 229 181 224 311 361 402
Capex (26) (27) (34) (29) (42) (22) (23) (30) (29) (46)
Free cash flow 112 129 135 165 187 159 201 281 332 356
Balance, $m
Balance, $m Working capital 394 456 373 316 397 453 572 655 666 774
Total debt 650 497 353 309 198 142 148 298 197 198
Net debt 312 217 149 90 (21) (100) (163) (52) (190) (208)
Shareholders’ equity 736 829 891 978 1,070 1,173 1,301 1,513 1,708 2,028
Returns, %
Returns, % ROA 4.88 4.18 7.55 7.79 6.60 9.22 13.28 12.36 12.37 12.91
ROIC 8.64 9.70 11.32 11.54 10.79 13.95 17.31 15.01 16.07 15.39
ROE 11.68 9.34 14.88 14.07 11.16 14.77 20.33 18.63 18.08 18.25
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Watts Water Technologies, Inc. vs peers in Specialty Industrial Machinery (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
IEX IDEX Corporation $17.4B 33.8× 30.5× +6.38% (above 0%: growing) +11.49% (above 0%: growing) +20.49% (above 0%: growing) 46.36% 21.71% Compare
GGG Graco Inc. $13.2B 25.3× 23.6× +3.28% (above 0%: growing) +15.58% (above 0%: growing) −1.13% (below 0%: shrinking) 53.67% 29.65% Compare
WTS Watts Water Technologies, Inc. $11.9B 31.1× 26.5× +18.56% (above 0%: growing) +17.28% (above 0%: growing) +53.95% (above 0%: growing) 49.02% 20.18%
GNRC Generac Holdings Inc. $11.7B 43.7× 35.5× +10.59% (above 0%: growing) +92.13% (above 0%: growing) +336.44% (above 0%: growing) 44.47% 17.93% Compare
RRX Regal Rexnord Corporation $10.4B 31.6× 36.7× +4.16% (above 0%: growing) +47.06% (above 0%: growing) −68.44% (below 0%: shrinking) 39.25% 13.81% Compare
DCI Donaldson Company, Inc. $10.2B 22.5× 19.1× +7.96% (above 0%: growing) +13.27% (above 0%: growing) +23.80% (above 0%: growing) 36.26% 16.68% Compare
FLS Flowserve Corporation $9.0B 24.5× 19.0× −1.59% (below 0%: shrinking) +25.81% (above 0%: growing) −18.46% (below 0%: shrinking) 32.91% 15.78% Compare
PNR Pentair plc $8.5B 13.3× 14.9× −16.96% (below 0%: shrinking) −11.11% (below 0%: shrinking) −7.20% (below 0%: shrinking) 42.35% 17.85% Compare
AOS A. O. Smith Corporation $8.1B 16.5× 15.3× −0.69% (below 0%: shrinking) −14.95% (below 0%: shrinking) −6.61% (below 0%: shrinking) 38.61% 18.93% Compare
Median of peers $10.3B 24.9× 21.4× +3.72% +14.43% −3.87% 40.80% 17.89%

All 76 Specialty Industrial Machinery stocks →

Watts Water Technologies, Inc. (WTS) key facts

  • Strength: Watts Water Technologies, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.4 billion, up 8.27% from fiscal 2024.
  • Strength: Net income was $340.8 million, or $10.17 per share (basic), a net margin of 14.0%.
  • Watts Water Technologies, Inc. (WTS) is a Specialty Industrial Machinery company in the Industrials sector, listed on the New York Stock Exchange.
  • As of October 16, 2026, WTS traded at $356.66, a market capitalization of $11.9 billion.
  • At that price the stock trades at 31.1× trailing-twelve-month earnings and 4.5× sales; its P/E is higher than 77% of its own readings over the past ten years.
  • Watts Water Technologies, Inc. pays an annual dividend of $2.30 per share, a yield of 0.64%, with a payout ratio of 20.1%.
  • Return on equity was 18.3% and debt-to-equity 0.05.
  • Its Piotroski F-score is 7 out of 9 and its Altman Z-score is 8.88 (safe zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

Watts Water Technologies, Inc. (WTS) Latest News

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stockrow.com/WTS · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com