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Screener / SEC EDGAR /CIK 0000795403 /10-K filed Feb 23, 2026, compared with Feb 18, 2025 /Numbers from the XBRL of the 10-Ks
Industrials peers:
ZGWEXCBZWTSLFUSCR
NYSE Industrials · Metal Products

Watts Water Technologies Inc WTS

WTS quote by TradingView

Watts Regulator Co. was founded by Joseph E. Watts in 1874 in Lawrence, Massachusetts. 10-K, Item 1

Employees
5,700
Headquarters
North Andover, MA
Next results
around Feb 10, 2027
Compare with peers Embed

Where each dollar of revenue went, FY2025

Revenue of $2.4B through the costs to a net profit of $340.8M · income statement of the 10-K

18% operating margin
Revenue to Gross profit: $1.2BRevenue to Cost of revenue: $1.2BGross profit to Operating profit: $448.1MGross profit to Operating expenses: $757.9MOperating profit to Net profit: $340.8MOperating profit to Tax & other: $107.3MOperating expenses to R&D: $73.5MOperating expenses to Sales, admin & other: $684.4M Revenue: $2.4B REVENUE $2.4B +8% Y/Y Gross profit: $1.2B · 49% margin GROSS PROFIT $1.2B 49% margin · +14% Y/Y Cost of revenue: $1.2B · 51% of revenue COST OF REVENUE $1.2B 51% of revenue Operating profit: $448.1M · 18% margin OPERATING PROFIT $448.1M 18% margin · +15% Y/Y Operating expenses: $757.9M · 31% of revenue OPERATING EXPENSES $757.9M 31% of revenue Net profit: $340.8M · 14% margin NET PROFIT $340.8M 14% margin · +17% Y/Y Tax & other: $107.3M · 4% of revenue TAX & OTHER $107.3M 4% of revenue R&D: $73.5M · 3% of revenue R&D $73.5M 3% of revenue Sales, admin & other: $684.4M · 28% of revenue SALES, ADMIN & OTHER $684.4M 28% of revenue
Gross profit $1.2B 49% margin · +14% Y/Y
Operating profit $448.1M 18% margin · +15% Y/Y
Net profit $340.8M 14% margin · +17% Y/Y
The full income statement, year by year

WTS among Industrials peers

Six ratios from the latest 10-K. Each corner is the share of 251 peers the company is above, not a score.

Compare
Revenue growth: 8.3%, above 63% of 250 peers (their median 5.7%) REVENUE GROWTH 8.3% · above 63% Gross margin: 50.5%, above 89% of 177 peers (their median 34.1%) GROSS MARGIN 50.5% · above 89% Operating margin: 21.2%, above 85% of 229 peers (their median 11.8%) OPERATING MARGIN 21.2% · above 85% Net margin: 16.0%, above 85% of 251 peers (their median 8.1%) NET MARGIN 16.0% · above 85% FCF margin: 13.3%, above 68% of 234 peers (their median 9.5%) FCF MARGIN 13.3% · above 68% Return on capital: 14.2%, above 70% of 193 peers (their median 10.4%) RETURN ON CAPITAL 14.2% · above 70%
WTS Peer median Below the median

What changed

9 new risk paragraphs and 1 accounting fact worth reading about. 10-K filed Feb 23, 2026 against Feb 18, 2025.

Risk factors
9 new paragraphs, nothing like them in the previous 10-K
10-K Item 1A
Inventory growing faster than revenue
Inventory +33.7% ($392.1M to $524.3M) vs revenue +8.3% ($2.3B to $2.4B), +25.4 pts apart
10-K · XBRL
Accounting checks
10 other checks clear, 1 worth a look
10-K · XBRL
Insiders
No open-market buys in the last 90 days
Form 4
Filings
2 in the last 30 days
EDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

Accounting checks

11 checks on the latest 10-K. Checks, not verdicts.

How it works

1fact worth reading about the other 10 checks found nothing to note

  • Inventory growing faster than revenue
    Inventory +33.7% ($392.1M to $524.3M) vs revenue +8.3% ($2.3B to $2.4B), +25.4 pts apart
  • Receivables +16.1% ($253.2M to $294.0M) vs revenue +8.3% ($2.3B to $2.4B), +7.8 pts apart
9 more checks with nothing to note
  • Cash from operations $402.0M vs net income $340.8M (FY ending Dec 31, 2025)
  • Same auditor in both 10-Ks: KPMG LLP
  • No statement of substantial doubt about going concern
  • No 8-K item 4.02 in the last 2 years
  • No NT 10-K or NT 10-Q in the last 2 years
  • The same matters as last year: Excess and obsolete inventory reserve
  • No sentence in the 10-K concludes that controls were not effective because of a material weakness
  • No 8-K item 2.06 in the last 2 years
  • No 8-K item 1.03 in the last 2 years

In their words

9 paragraphs in Risk Factors that were not in the 10-K filed Feb 18, 2025. Quoted as filed.

All 9 new paragraphs
  1. Item 1A · new paragraph · not in the 10-K filed Feb 18, 2025 10-K, ITEM 1A
    Changes in U.S. or foreign trade policies and other factors beyond our control may adversely impact our business and operating results. Geopolitical tensions and trade disputes can disrupt supply chains and increase the cost of our products. This could cause our products to be more expensive for customers, which could reduce the demand…
  2. Item 1A · new paragraph · not in the 10-K filed Feb 18, 2025 10-K, ITEM 1A
    We have experienced cybersecurity incidents, directly and through third parties, and may continue to experience them going forward, potentially with more frequency. While to date no attacks have had a material impact on our operations or financial results, we cannot guarantee that material attacks will not occur in the future. We also…
  3. Item 1A · new paragraph · not in the 10-K filed Feb 18, 2025 10-K, ITEM 1A
    Our growth strategy includes acquisitions, and we may acquire businesses that operate on different and potentially outdated information technology and operational technology environments. As such, we may acquire companies with cybersecurity vulnerabilities and/or unsophisticated security measures. Despite diligent efforts, we may not…
  4. Item 1A · new paragraph · not in the 10-K filed Feb 18, 2025 10-K, ITEM 1A
    The phased implementation and coexistence of new and legacy ERP systems may increase complexity in identity and access management, data conversion, logging and monitoring, and segregation of duties, and may introduce new vulnerabilities, misconfigurations, or control gaps. These issues could increase the risk of cybersecurity incidents,…

New risk paragraphs, against peers

Latest 10-K of each, Industrials companies closest in revenue

Paragraphs in Risk Factors with nothing like them in the company's 10-K the year before. A count of text, not of risk.

Financial performance

Last 4 fiscal years · 10-K XBRL

All years
MetricFY2022FY2023FY2024FY2025
Revenue$2.0B$2.1B$2.3B$2.4B
Net income$251.5M$262.1M$291.2M$340.8M
Operating cash flow$224.0M$310.8M$361.1M$402.0M
Free cash flow$195.9M$281.1M$325.8M$356.3M

Revenue, FY2016 to FY2025

Ten fiscal years, each from its own 10-K · XBRL · USD

$2.4B ▲ 8.3% in FY2025

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Every number, year by year

Recent filings

2 filings in the last 30 days · SEC EDGAR

All filings

About the company

Watts Water Technologies Inc, North Andover, MA · from the 10-K filed Feb 23, 2026

Watts Regulator Co. was founded by Joseph E. Watts in 1874 in Lawrence, Massachusetts. Watts Regulator Co. started as a small machine shop supplying parts to the New England textile mills of the 19th century. Since then, Watts has grown into a global manufacturer and become one of the world’s leading providers of water technologies and solutions that are designed to promote safety, energy efficiency, and water conservation for commercial and residential buildings. Watts Water Technologies, Inc. was incorporated in Delaware in 1985 and is the parent company of Watts Regulator Co.

Headquarters
North Andover, MA
Country
United States
Reports in
USD
Listed on
NYSE
Fiscal year ends
December 31
Last results
Nov 4, 2026
Incorporated in
DE

Employees, at the top of the page: "As of December 31, 2025, we had approximately 5,700 employees globally, including 3,100 in the Americas, 1,900 in Europe and 700 in APMEA" (10-K). Address and exchange: SEC's company file.

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Sources

The 10-K filed Feb 23, 2026 (open at SEC), compared with the 10-K filed Feb 18, 2025. Numbers from the XBRL of the 10-Ks; filings from SEC EDGAR.

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