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Watts Water Technologies, Inc.

WTS

Watts Water Technologies is a global manufacturer and provider of water technologies and solutions focused on safety, energy efficiency, and water conservation.

Market cap
$11.54B+32.6%
Revenue$2.6B+14.2%
Net income$366.4M+25.2%
Free cash flow$317.3M-5.5%
EPS (diluted)$10.93+25.2%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 5, 2026 (In 1 week)
Revenue estimate$726.0M
EPS estimate$3.34

Financials

Q1 2026

Income statement

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Revenue$677.3M+21.4%
Gross profit$326.1M+19.7%
Operating income$133.0M+51.7%
Net income$99.6M+34.6%
EPS (diluted)$2.97+34.4%

Balance sheet

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Cash & equivalents$374.7M+11.3%
Total debt$197.8M+0.3%
Total equity$2.1B+18.3%
Total assets$2.9B+17.6%

Cash flow

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Operating cash flow$17.9M-67.6%
CapEx$11.3M+17.7%
Free cash flow$6.6M-85.5%

Valuation & ratios

Valuation

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Market cap$11.54B+32.6%
Enterprise value$11.37B+37.9%
P/E31.5×+4.5×
P/S4.5×+0.8×

Profitability

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Gross margin49.2%+1.6pp
Operating margin19.3%+2.3pp
Net margin14.3%+1.3pp
FCF margin12.4%-2.6pp

Returns & leverage

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Return on equity18.9%+1.3pp
Debt / equity0.1×0.0×
Current ratio2.7×+0.3×

Segments

By product

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Residential And Commercial Flow Control$419.3M+23.0%
HVAC And Gas$156.7M+18.6%
Drains And Water Reuse$69.6M+23.6%
Water Quality$31.7M+10.1%

By geography

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Americas$517.8M+23.2%
Europe$127.6M+9.4%
Asia Pacific Middle East And Africa$67.8M+20.2%

Competitors

Profile

Watts Water Technologies is a global manufacturer and provider of water technologies and solutions focused on safety, energy efficiency, and water conservation. The company designs and produces a broad range of products that manage and conserve the flow of fluids and energy into, through, and out of commercial and residential buildings. Its core value proposition centers on providing differentiated, code-compliant solutions that integrate smart, connected technologies to improve water risk management and operational oversight.

Competitive position

A leading global provider of water technologies with a strong emphasis on regulatory code compliance and a growing portfolio of smart, connected 'IoT' solutions.

GeographiesAmericas, Europe, Asia-Pacific, Middle East, Africa
Customer segmentsWholesale Distributors, Original Equipment Manufacturers, Specialty Distributors, Retail and DIY
Business modelManufacturing, SaaS, B2B
SuppliersExternal suppliers of bronze, brass, cast iron, and stainless steel, Plastic and steel component manufacturers, Contract manufacturing facilities in lower-cost regions
CustomersPlumbing and heating wholesale distributors, Water heater and boiler OEMs, DIY and retail chains, Mechanical contractors
Listed1986
Employees5.1K
CEORobert J. Pagano Jr.
FilingsSEC EDGAR

Questions, answered.

What is Watts Water Technologies, Inc.'s market cap?
Watts Water Technologies, Inc. (WTS) has a market capitalization of $11.5B and trades on NYSE.
What is Watts Water Technologies, Inc.'s revenue and profitability?
Watts Water Technologies, Inc. generated $2.6B in trailing twelve-month revenue with net income of $366.4M, representing a net margin of 14.3%. Gross margin stands at 49.2%, with free cash flow of $317.3M. These figures are based on the Q1 2026 filing.
Who are Watts Water Technologies, Inc.'s competitors?
Watts Water Technologies, Inc.'s key competitors include Zurn Elkay Water Solutions, A. O. Smith, Xylem Inc, and others. These companies compete in similar markets and product categories.
Who does Watts Water Technologies, Inc. partner with?
Watts Water Technologies, Inc.'s notable partners include American Supply Association, Canadian Institute of Plumbing and Heating, SAP.
What subsidiaries does Watts Water Technologies, Inc. have?
Watts Water Technologies, Inc.'s subsidiaries include Watts Regulator Co., BLÜCHER, Lync.
Where is Watts Water Technologies, Inc. headquartered?
Watts Water Technologies, Inc. is headquartered in United States of America and employs approximately 5,100 people. It has been publicly traded since 1986.