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Other financials

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

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Market cap$11.48B+42.5%
Enterprise value$11.31B+42.8%
P/E31.3×+3.8×
P/S4.5×+0.9×

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×

Where this comes from

Reported directly by Watts Water Technologies, Inc. in its filing.

Tagged under the XBRL concept us-gaap:InventoryWorkInProcessNetOfReserves.

The official record: Watts Water Technologies, Inc.’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Watts Water Technologies, Inc.'s work in process?
Watts Water Technologies, Inc. (WTS) reported work in process of $28.1M in Q1 2026.
How has Watts Water Technologies, Inc.'s work in process changed year-over-year?
Watts Water Technologies, Inc.'s work in process increased by 39.8% year-over-year, from $20.1M to $28.1M.
What is the long-term trend for Watts Water Technologies, Inc.'s work in process?
Over 5 years (2020 to 2025), Watts Water Technologies, Inc.'s work in process has grown at a 12.1% compound annual growth rate (CAGR), from $16.1M to $28.5M.
What does work in process mean?
The value of partially completed goods currently on the factory floor.
How do you interpret work in process?
Lower levels relative to output indicate efficient production throughput, while high levels may suggest operational bottlenecks.
How does work in process compare across companies?
Common in industrial manufacturing; efficiency is measured by how quickly these goods transition to finished inventory.