WTS on NYSE

WATTS WATER TECHNOLOGIES INC

American miscellaneous fabricated metal products company based in Wilmington.

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Last updated Oct 18, 2026.

Overview

$2.4BRevenue, fiscal 20252
$340.8MNet income, fiscal 20252

Compare with Crane Co., Crane NXT, Co. or Mueller Water Products, or pick any stock.

  • TickerWTS on NYSE
  • IndustryMiscellaneous Fabricated Metal Products
  • HeadquartersWilmington, United States
  • Incorporated inDE3
  • Business address815 Chestnut St, North Andover, Ma 018453
  • Filer categoryLarge accelerated filer3

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

49.5%Gross margin2
18.4%Operating margin2
14.0%Net margin2
8.3%Revenue growth, 20252
16.8%Return on equity2
0.10×Debt to equity2
$356.3MFree cash flow2

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Residential & Commercial Flow Control brought in 61% of the revenue WATTS WATER TECHNOLOGIES INC broke down this way in fiscal 2025.

  1. Residential & Commercial Flow Control$1.5B261%up 10% from 2024
  2. HVAC and Gas Products$572.1M223%up 5% from 2024
  3. Drainage and Water Re-use Products$262.1M211%up 9% from 2024
  4. Water Quality Products$116.4M25%up 6% from 2024
Products and services by year
Products and services20242025
Residential & Commercial Flow Control$1.4B$1.5B
HVAC and Gas Products$544.2M$572.1M
Drainage and Water Re-use Products$241.3M$262.1M
Water Quality Products$109.5M$116.4M

Business segments

Reportable Segments, Aggregation brought in 51% of the revenue WATTS WATER TECHNOLOGIES INC broke down this way in fiscal 2025.

  1. Reportable Segments, Aggregation$2.6B251%up 9% from 2024
  2. Americas$1.8B237%up 11% from 2024
  3. Europe$484.3M210%up 2% from 2024
  4. Asia Pacific Middle East And Africa$140.4M23%up 5% from 2024
Business segments by year
Business segments202320242025
Reportable Segments, Aggregation$2.2B$2.4B$2.6B
Americas$1.4B$1.7B$1.8B
Europe$536.8M$476.3M$484.3M
Asia Pacific Middle East And Africa$116.1M$134.0M$140.4M

Regions

Americas brought in 76% of the revenue WATTS WATER TECHNOLOGIES INC broke down this way in fiscal 2025.

  1. Americas$1.8B276%up 11% from 2024
  2. Europe$450.7M218%down 1% from 2024
  3. Apmea$140.4M26%up 5% from 2024
Regions by year
Regions20242025
Americas$1.7B$1.8B
Europe$453.3M$450.7M
Apmea$134.0M$140.4M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue49¢$1.2B
  • Research and development3¢$73.5M
  • Selling, general and admin29¢$734.2M
  • Interest0¢$10.8M
  • Income tax4¢$105.0M
  • Profit14¢$340.8M

Out of $2.4B in revenue.2

Where each dollar of operating cash went, fiscal 2025

  • Capital spending11¢$45.7M
  • Share buybacks4¢$16.0M
  • Kept or used elsewhere85¢$340.3M

Out of $402.0M of cash from operations.2

Financial statements

Revenue456782$2.4B in 2025+56% since 2018
0$1.0B$2.0B$3.0B2018: $1.6B$1.6B20182019: $1.6B$1.6B2019+2%2020: $1.5B$1.5B2020−6%2021: $1.8B$1.8B2021+20%2022: $2.0B$2.0B2022+9%2023: $2.1B$2.1B2023+4%2024: $2.3B$2.3B2024+10%2025: $2.4B$2.4B2025+8%
Gross profit456782$1.2B in 2025+84% since 2018
0$500.0M$1.0B$1.5B2018: $656.5M$656.5M20182019: $677.5M$677.5M2019+3%2020: $625.4M$625.4M2020−8%2021: $767.1M$767.1M2021+23%2022: $874.3M$874.3M2022+14%2023: $960.9M$960.9M2023+10%2024: $1.1B$1.1B2024+11%2025: $1.2B$1.2B2025+14%
Operating income456782$448.1M in 2025+138% since 2018
0$200.0M$400.0M$600.0M2018: $188.4M$188.4M20182019: $197.1M$197.1M2019+5%2020: $181.1M$181.1M2020−8%2021: $239.6M$239.6M2021+32%2022: $315.0M$315.0M2022+31%2023: $350.9M$350.9M2023+11%2024: $390.4M$390.4M2024+11%2025: $448.1M$448.1M2025+15%
Net income456782$340.8M in 2025+166% since 2018
0$100.0M$200.0M$300.0M$400.0M2018: $128.0M$128.0M20182019: $131.5M$131.5M2019+3%2020: $114.3M$114.3M2020−13%2021: $165.7M$165.7M2021+45%2022: $251.5M$251.5M2022+52%2023: $262.1M$262.1M2023+4%2024: $291.2M$291.2M2024+11%2025: $340.8M$340.8M2025+17%

Every line of the income statement as filed: the last 3 fiscal years, latest first.2

Period ending2025-12-312024-12-312023-12-31
Net sales$2.4B$2.3B$2.1B
Cost of goods sold$1.2B$1.2B$1.1B
GROSS PROFIT$1.2B$1.1B$960.9M
Selling, general and administrative expenses$734.2M$664.4M$604.5M
Restructuring$23.7M$7.2M$5.5M
OPERATING INCOME$448.1M$390.4M$350.9M
Interest income-$9.8M-$8.9M-$7.2M
Interest expense$10.8M$14.7M$8.2M
Other expense (income), net$1.3M-$1.4M$400.0K
Total other expense$2.3M$4.4M$1.4M
INCOME BEFORE INCOME TAXES$445.8M$386.0M$349.5M
Provision for income taxes$105.0M$94.8M$87.4M
NET INCOME$340.8M$291.2M$262.1M
NET INCOME PER SHARE$10.17$8.70$7.85
Weighted average number of shares33.5M shares33.5M shares33.4M shares
NET INCOME PER SHARE$10.17$8.69$7.82
Weighted average number of shares33.5M shares33.5M shares33.5M shares
Dividends declared per share$1.99$1.65$1.38

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Leadership

Who has led WATTS WATER TECHNOLOGIES INC, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Dean P. Freeman2014
  2. Robert J. Pagano Jr.2014–now

President

  1. Josh C. Fu2008
  2. Srinivas K. Bagepalli2011–2013
  3. Elie Melhem2011–2013
  4. A. Suellen Torregrosa2013–2015
  5. Robert J. Pagano Jr.2014–2015
  6. Munish Nanda2015–2022

Chief financial officer

  1. William C. McCartney2006–2012
  2. Dean P. Freeman2012–2014
  3. Todd A. Trapp2015–2018
  4. Shashank Patel2018–2025
  5. Ryan Lada2025
  6. Diane M. McClintock2025–now

Chief operating officer

  1. William D. Martino2006–2007
  2. Andre Dhawan2022–now
2010201520202025
Board members and other officers (39)

Former names

  • WATTS INDUSTRIES INCFeb 9, 1994 to Oct 9, 20033

Timeline

  1. May 27, 2014New chief executive Robert J. Pagano Jr. becomes CEO15
  2. Feb 24, 2014New chief executive Dean P. Freeman becomes CEO14
  3. Dec 26, 1985Founded WATTS WATER TECHNOLOGIES INC is founded68

Filings

391 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 41 major events, 242 insider forms, 29 large holders, 59 other. The latest 20:

  1. Oct 1, 20268-K EDGAR
  2. Sep 8, 20264 EDGAR
  3. Sep 4, 2026SCHEDULE 13G/A EDGAR
  4. Sep 4, 2026144 EDGAR
  5. Sep 2, 20264 EDGAR
  6. Aug 21, 20264 EDGAR
  7. Aug 21, 20264 EDGAR
  8. Aug 6, 202610-Q EDGAR
  9. Aug 5, 20268-K EDGAR
  10. Aug 4, 20264 EDGAR
  11. Aug 4, 20264 EDGAR
  12. Aug 4, 20264 EDGAR
  13. Aug 4, 20264 EDGAR
  14. Aug 4, 20264 EDGAR
  15. Aug 4, 20264 EDGAR
  16. Aug 4, 20264 EDGAR
  17. Aug 4, 20264 EDGAR
  18. Jul 30, 2026SCHEDULE 13G/A EDGAR
  19. May 28, 2026144 EDGAR
  20. May 28, 20264 EDGAR

The 391 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last three years, summarized. The full record is on SEC EDGAR.

Insider trades and holders

Large holders

Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 29 such filings since October 2021, the latest 10:

  1. Sep 4, 2026SCHEDULE 13G/A
  2. Jul 30, 2026SCHEDULE 13G/A
  3. Apr 30, 2026SCHEDULE 13G
  4. Apr 30, 2026SCHEDULE 13G/A
  5. Apr 29, 2026SCHEDULE 13G
  6. Mar 27, 2026SCHEDULE 13G/A
  7. Feb 13, 2026SCHEDULE 13G/A
  8. Jan 30, 2026SCHEDULE 13G/A
  9. Jul 29, 2025SCHEDULE 13G/A
  10. Feb 13, 2025SCHEDULE 13G/A

From Forms 4 and Schedules 13D and 13G filed with the SEC.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.2,820,067$1.1B0.0%−853,653
Kayne Anderson Rudnick Investment Management LLC1,984,087$776.7M2.4%−143,227
Vanguard Portfolio Management LLC1,496,689$585.9M0.0%−164,036
Vanguard Capital Management LLC1,235,782$483.7M0.0%+9,399
Boston Partners997,499$389.9M0.3%+241,595
State Street Corp852,511$333.6M0.0%−138,633
Geode Capital Management, LLC767,575$300.5M0.0%−151,350
Capital World Investors659,012$258.0M0.0%New
First Trust Advisors LP546,475$213.9M0.1%+1,071
Impax Asset Management Group plc543,412$212.7M1.4%−44,610
Dimensional Fund Advisors LP526,726$206.1M0.0%+5,440
Invesco Ltd.509,483$199.4M0.0%+38,311
Pictet Asset Management Holding SA489,605$191.6M0.2%+470,742
Mirova US LLC412,095$161.3M1.7%−25,770
Aqr Capital Management LLC416,533$159.3M0.1%−6,092
Gamco Investors, Inc. Et Al399,032$156.2M1.4%−5,061
Boston Trust Walden Corp368,967$144.4M1.1%−10,057
Morgan Stanley327,665$128.3M0.0%+129,141
Charles Schwab Investment Management Inc325,015$127.2M0.0%−59,568
Neuberger Berman Group LLC314,261$123.0M0.1%+48,222
Northern Trust Corp260,683$102.0M0.0%−100,327
Port Capital LLC248,896$97.4M4.0%−8,510
Norges Bank241,492$94.5M0.0%New
UBS Group AG239,210$93.6M0.0%+160,160
Goldman Sachs Group Inc226,766$88.8M0.0%−54,586

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

1 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Jun 24, 2019Donna Shalala, HouseSale$1,001 - $15,000−125.1%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

Sources

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