Income Statement Research
Review the full annual statement in one scroll, from headline results to detailed SEC line items, margin conversion, and growth diagnostics.
Snapshot
WATTS WATER TECHNOLOGIES INC's top line, gross profit, operating income, and bottom-line conversion. Values in USD millions.
Revenue
+7.7%Compound growth, FY2021 to FY2025
Gross profit
+12.0%Compound growth, FY2021 to FY2025
Operating Income
+16.9%Compound growth, FY2021 to FY2025
Net income
+19.8%Compound growth, FY2021 to FY2025
Headline results
Four lines, five fiscal years, straight from the filings.
WATTS WATER TECHNOLOGIES INC headline income statement — FY2025
Trend
The same four lines drawn across the window.
All values shown in USD millions unless noted otherwise.
Line items
The full annual income statement layer for WATTS WATER TECHNOLOGIES INC, from revenue down to share counts.
Statement basis
USD millions, except per-share and share-count rows.
WATTS WATER TECHNOLOGIES INC expanded income statement — FY2025
Expanded annual statement lines sourced from the SEC EDGAR database for WATTS WATER TECHNOLOGIES INC.
Margins
How much of WATTS WATER TECHNOLOGIES INC's revenue survives through gross profit, operating income, and net income.
Gross margin
+706 bpsFY2025, versus FY2021
Operating Margin
+513 bpsFY2025, versus FY2021
Net income margin
+482 bpsFY2025, versus FY2021
Observation window
yearsFY2021 through FY2025
Margin table
Side-by-side read of gross, operating and net margin.
WATTS WATER TECHNOLOGIES INC margins — FY2025
Margin trend
The shape of profitability across the window.
Margins are calculated from annual SEC facts using reported revenue as the denominator.
Year on year
Every headline line of WATTS WATER TECHNOLOGIES INC's statement measured against the immediately prior period.
Revenue YoY
FY2024FY2025 versus FY2024
Gross profit YoY
FY2024FY2025 versus FY2024
Op. income YoY
FY2024FY2025 versus FY2024
Net income YoY
FY2024FY2025 versus FY2024
Year-on-year table
Contractions are tinted so slowdowns are obvious.
WATTS WATER TECHNOLOGIES INC year-on-year change — FY2025
Momentum
Whether the business is accelerating or rolling over.
Year-on-year change compares each annual period against the immediately prior year inside the selected window.
Compound growth
Compounded annual growth from FY2021 to FY2025, which filters out one-year noise.
Revenue CAGR
4yrFY2021 to FY2025
Gross profit CAGR
4yrFY2021 to FY2025
Op. income CAGR
4yrFY2021 to FY2025
Net income CAGR
4yrFY2021 to FY2025
Compound rates use the first and last reported year in the window, so a gap in either endpoint suppresses the figure.
Commentary
A written read of the filing-backed figures above. The statement itself remains the source of truth.
This explanation uses an earlier data snapshot or evidence version. Compare its generation date with the current filing figures.
Over the past five years, Watts Water Technologies has demonstrated solid financial growth across key income statement metrics. Revenue increased from USD 1,809.2 million in 2021 to USD 2,438.5 million in 2025, reflecting a steady upward trend despite some year-to-year variations in growth rates—a low near 3.9% between 2022 and 2023 and closer to 9%-10% in other years. Gross profit similarly rose from USD 767.1 million in 2021 to USD 1,206 million in 2025, indicating consistent improvement in profitability and suggesting effective cost management. Operating income has improved strongly, increasing from USD 239.6 million in 2021 to USD 448.1 million in 2025, with a particularly notable jump of over 30% from 2021 to 2022. Net income followed a similar pattern, jumping from USD 165.7 million in 2021 to USD 251.5 million in 2022—a more than 50% increase—before continuing to grow steadily to USD 340.8 million in 2025. This financial trajectory is encouraging, reflecting both revenue expansion and improved operational efficiency. The notable year-over-year increases, especially during the early part of this period, may be attributed to enhanced operational strategies and favorable market conditions in the water technology and sustainability sector. As regulators and industries worldwide emphasize water conservation and efficiency, Watts Water Technologies appears well positioned to benefit from market trends. Overall, the company’s ongoing improvement in revenue, gross profit, operating income, and net income underscores a robust financial health and suggests a sustainable path forward in its competitive industry landscape.
This analysis is for informational purposes only and does not constitute financial advice or a recommendation for any investment decision. Please consult a qualified financial professional for personalised guidance.
