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Watts Water Technologies Inc

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Watts Water Technologies (NYSE: WTS) is an industrial products company that manufactures and sells products and solutions that manage and conserve the flow of fluids and energy into, through, and out of buildings. Revenue is generated through transactional sales of differentiated physical products distributed via wholesale and retail channels to commercial and residential construction markets. The company operates across three geographic segments: Americas, Europe, and Asia-Pacific, Middle East and Africa (APMEA), as disclosed in its 10-K filed 2026-02-23. Its strategy centers on three themes: safety and regulation, energy efficiency, and water conservation. Growth is pursued through both organic product expansion into existing markets and inorganic acquisitions, with cost reduction in manufacturing and operations as a secondary driver. The company promotes plumbing code development as a mechanism to drive demand for its safety and quality products, and it sells integrated multi-product solutions rather than standalone items through established distribution relationships.

Products & Services

Products and solutions that manage and conserve the flow of fluids and energy in buildings, with a focus on safety and regulation, energy efficiency, and water conservation. Specific brand names and SKUs are not detailed in the available filing excerpts.

Revenue Model

Transactional product sales through wholesale and retail distribution channels, selling physical fluid management and energy flow products to commercial and residential building markets across three geographic segments.

Customers & Markets

Commercial and residential building markets. End-market demand is tied to construction activity, plumbing code requirements, safety regulation, energy efficiency standards, and water conservation needs. Distribution occurs through wholesale and retail channels.

Geographic Exposure

Three geographic segments as of the 10-K filed 2026-02-23: Americas, Europe, and Asia-Pacific, Middle East and Africa (APMEA). Specific revenue split by segment is not supported by the available filing excerpts.

Financial Snapshot

Revenue
TTM
$2.558B
Gross Margin
TTM
49.26%
Net Income
TTM
$366.4M
Current Assets
2026 Q1
Current Liabilities
2026 Q1
Current Ratio
2026 Q1
271.79%
Total Assets
2026 Q1
Total Liabilities
2026 Q1
$801.0M
Book Value
2026 Q1
2.139B
Cash
2026 Q1
P/E
TTM
31.36
Free Cash Flow
TTM
$317.3M

Stock Price

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Market Cap: $11.49 Billion

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