{ "ok": true, "cik": "795403", "ticker": "WTS", "name": "WATTS WATER TECHNOLOGIES INC", "filings": [ { "form": "10-Q", "filed": "2026-08-06", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/795403/000110465926091726/0001104659-26-091726-index.htm" }, { "form": "8-K", "filed": "2026-08-05", "items": [ "2.02 Results of Operations and Financial Condition", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/795403/000110465926091165/0001104659-26-091165-index.htm" }, { "form": "8-K", "filed": "2026-05-20", "items": [ "5.07 Submission of Matters to a Vote of Security Holders" ], "url": "https://www.sec.gov/Archives/edgar/data/795403/000110465926064461/0001104659-26-064461-index.htm" }, { "form": "10-Q", "filed": "2026-05-07", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/795403/000110465926056817/0001104659-26-056817-index.htm" }, { "form": "8-K", "filed": "2026-05-06", "items": [ "2.02 Results of Operations and Financial Condition", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/795403/000110465926056325/0001104659-26-056325-index.htm" }, { "form": "DEF 14A", "filed": "2026-04-01", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/795403/000110465926038336/0001104659-26-038336-index.htm" } ], "events12m": 7, "healthWatch": { "window": "last 12 months", "since": "2025-09-27", "signals": [ { "code": "5.02", "label": "Director or officer change", "count": 2, "latest": { "filed": "2025-11-17", "url": "https://www.sec.gov/Archives/edgar/data/795403/000110465925112999/0001104659-25-112999-index.htm" } } ], "note": "Events the company itself filed with the SEC, most serious first. Shown beside the figures; they do not change the range or its receipt." }, "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0000795403.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=795403" }, "license": "Figures as filed with the SEC. Card text CC BY 4.0, POPS4.", "notAdvice": "Reporting, not investment advice. No price targets and no trading recommendations.", "edgar": "🫧 Edgar looked up WATTS WATER TECHNOLOGIES INC ($WTS). Last filing: 10-Q, 2026-08-06. 7 event filings (8-K) in the past twelve months.", "auditor": { "changes": [], "nonReliance": [], "restatedSince": null }, "metrics": { "fiscalYearEnd": "2025-12-31", "revenue": 2438500000, "revenueGrowth1y": 0.08271911908356278, "revenueGrowthPerYear": 0.0774795722922701, "yearsOfData": 5, "operatingMargin": 0.1837605085093295, "operatingMarginPrior": 0.17334162152561938, "netMargin": 0.13975804798031577, "operatingCashFlow": 402000000, "capitalSpending": 45700000, "freeCashFlow": 356300000, "researchAndDevelopment": 73500000, "researchShareOfRevenue": 0.030141480418289932, "cash": 405500000, "longTermDebt": 197700000, "longTermDebtChange": 0.0035532994923856975, "revenueHistory": [ { "fiscalYearEnd": "2021-12-31", "revenue": 1809200000 }, { "fiscalYearEnd": "2022-12-31", "revenue": 1979500000 }, { "fiscalYearEnd": "2023-12-31", "revenue": 2056300000 }, { "fiscalYearEnd": "2024-12-31", "revenue": 2252200000 }, { "fiscalYearEnd": "2025-12-31", "revenue": 2438500000 } ], "totalEquity": 2027700000, "totalAssets": 2881200000, "equityRatio": 0.7037692628071637, "returnOnEquity": 0.16807220002959017, "dividendsPaid": null, "payoutRatio": null, "dividendPerShare": 1.99, "dividendYearsRising": 13, "dividendCut": false, "priceBased": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown.", "earningsPerShare": 10.17, "sharesOutstanding": 33500000, "bookValuePerShare": 60.528358208955225, "revenuePerShare": 72.7910447761194, "range80": { "low": 2352308160.175414, "high": 2800916588.0019693, "baseline": 2627124129.3160596, "n": 4599, "band": "b1", "bandLabel": "$1B–10B", "method": "v4.1", "credibility": 0.5, "growthYears": 4, "ownVolatility": 0.024923227613357565, "classVolatility": 0.07701947805587882, "volatility": 0.057241450342680994 }, "ifPaceHeld": { "low": 2352308160.175414, "high": 2800916588.0019693 } }, "edgarette": "🔖 Exposure: revenue $2.4B (FY2025), total debt $197.7M. Experience: revenue up 8.3% on the year, up 7.7% a year over 4 years; operating margin 18.4%, up from 17.3%. Soundness: equity 70.4% of assets, return on equity 16.8%, dividend per share up 13 years running. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $2.4B and $2.8B next year (method v4.1: its own 4-year record of growth weighed at 50% against $1B–10B filers; on a year the method never saw, 83.4% landed inside). In a shock year the stress range is $2.2B to $3.0B. A statistical range, not company guidance. Against peers (38 filers, $50M+ revenue, its industry group): operating margin 18.4% against a 8.1% median; growth 8.3% against 2.4%.", "peers": { "sic": 3490, "sicDescription": "Miscellaneous Fabricated Metal Products", "calendarYear": 2025, "minRevenue": 50000000, "depth": 2, "group": "34", "growth": [ 0.0243, 40 ], "opMargin": [ 0.0809, 38 ], "equityRatio": [ 0.4846, 39 ], "returnOnEquity": [ 0.0852, 34 ], "payoutRatio": [ 0.2459, 26 ] }, "summary": "Watts Water Technologies (WTS) grew revenue 8.3% in FY2025 to $2.4 billion, operating margin 18.4% against a 8.1% median for miscellaneous fabricated metal products, equity 70.4% of assets, and dividend per share up 13 years running. Every figure is from the company’s own annual report filed with the SEC.", "chart": "
WATTS WATER TECHNOLOGIES INC against its own record and its peers
Operating marginPeer median 8.1%18.4%Revenue, on the yearPeer median 2.4%8.3%Equity of assetsPeer median 48.5%70.4%Return on equityPeer median 8.5%16.8%Gold tick: the median of 34–39 peers with $50M+ revenue in miscellaneous fabricated metal products
", "chartHorizon": "
Handed back now, or kept to compound · of each dollar of profit
Handed back per share$1.99up 13 years running

Gold paid out, navy kept. Kept share × return on equity = the growth it can fund itself. Facts from the filings, not a recommendation.

", "backtest": { "tests": 14, "hits": 12, "rate": 0.8571428571428571, "method": "v4", "byYear": { "2012": [ 1, 1 ], "2013": [ 1, 1 ], "2014": [ 1, 1 ], "2015": [ 1, 1 ], "2016": [ 1, 1 ], "2017": [ 0, 1 ], "2018": [ 1, 1 ], "2019": [ 1, 1 ], "2020": [ 1, 1 ], "2021": [ 0, 1 ], "2022": [ 1, 1 ], "2023": [ 1, 1 ], "2024": [ 1, 1 ], "2025": [ 1, 1 ] }, "note": "hindsight: the same credibility-weighted range on the company's own past years. Years 2018-2023 were used to fit or tune the method, so only 2025 outcomes are fully out of sample." }, "registry": { "logged": "2026-09-27T21:08:05.563Z", "hash": "b878628231a21bef", "status": "open" }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "schema": "pops4.edgarette.card/1", "card": { "summary": "Watts Water Technologies (WTS) grew revenue 8.3% in FY2025 to $2.4 billion, operating margin 18.4% against a 8.1% median for miscellaneous fabricated metal products, equity 70.4% of assets, and dividend per share up 13 years running. Every figure is from the company’s own annual report filed with the SEC.", "exposure": { "fiscalYearEnd": "2025-12-31", "revenue": 2438500000, "totalDebt": 197700000, "cash": 405500000 }, "experience": { "revenueGrowth1y": 0.08271911908356278, "revenueGrowthPerYear": 0.0774795722922701, "operatingMargin": 0.1837605085093295, "operatingMarginPrior": 0.17334162152561938, "netMargin": 0.13975804798031577, "freeCashFlow": 356300000 }, "soundness": { "equityRatio": 0.7037692628071637, "returnOnEquity": 0.16807220002959017, "payoutRatio": null, "dividendPerShare": 1.99, "dividendYearsRising": 13, "dividendCut": false, "note": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown." }, "peers": { "sic": 3490, "sicDescription": "Miscellaneous Fabricated Metal Products", "calendarYear": 2025, "minRevenue": 50000000, "depth": 2, "group": "34", "growth": [ 0.0243, 40 ], "opMargin": [ 0.0809, 38 ], "equityRatio": [ 0.4846, 39 ], "returnOnEquity": [ 0.0852, 34 ], "payoutRatio": [ 0.2459, 26 ] }, "credibility": { "auditedYears": 5, "weight": "reasonable", "standard": "ASOP No. 25", "nonReliance": null, "auditorChange": null }, "healthWatch": { "window": "last 12 months", "since": "2025-09-27", "signals": [ { "code": "5.02", "label": "Director or officer change", "count": 2, "latest": { "filed": "2025-11-17", "url": "https://www.sec.gov/Archives/edgar/data/795403/000110465925112999/0001104659-25-112999-index.htm" } } ], "note": "Events the company itself filed with the SEC, most serious first. Shown beside the figures; they do not change the range or its receipt." }, "range": { "low": 2352308160.175414, "high": 2800916588.0019693, "baseline": 2627124129.3160596, "coverage": 0.8, "method": "v4.1", "basis": "next fiscal year revenue: baseline = revenue x (1 + mean of one-year and three-year pace); width = the company's own volatility of yearly growth, credibility-weighted against its size class (Buhlmann), scaled to the 80% target on 2023 and tested on 2024", "calibratedOn": { "companyYears": 4599, "sizeBand": "$1B–10B", "fitYears": [ 2018, 2022 ], "tuneYear": 2023, "testYear": 2024, "coverageOnTestYear": 0.8341 }, "credibility": { "weightOnOwnRecord": 0.5, "growthYears": 4, "ownVolatility": 0.024923227613357565, "classVolatility": 0.07701947805587882, "pricedVolatility": 0.057241450342680994, "k": 3 }, "stress": { "low": 2207035152.7023835, "high": 2985464245.534182, "basis": "the same range with widths set to hold 80% across 2018-2023, pandemic years included" }, "kind": "a statistical range, not company guidance; no view on the share price", "track": { "backtest": { "tests": 14, "hits": 12, "rate": 0.8571428571428571, "method": "v4", "byYear": { "2012": [ 1, 1 ], "2013": [ 1, 1 ], "2014": [ 1, 1 ], "2015": [ 1, 1 ], "2016": [ 1, 1 ], "2017": [ 0, 1 ], "2018": [ 1, 1 ], "2019": [ 1, 1 ], "2020": [ 1, 1 ], "2021": [ 0, 1 ], "2022": [ 1, 1 ], "2023": [ 1, 1 ], "2024": [ 1, 1 ], "2025": [ 1, 1 ] }, "note": "hindsight: the same credibility-weighted range on the company's own past years. Years 2018-2023 were used to fit or tune the method, so only 2025 outcomes are fully out of sample." }, "registry": { "logged": "2026-09-27T21:08:05.563Z", "hash": "b878628231a21bef", "status": "open" }, "scorecard": "https://www.pops4.com/boards/scorecard" } }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0000795403.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=795403" }, "speedCash": { "fiscalYear": 2025, "cashConversion": 0.1649, "growth3y": 0.072, "volatility": 0.0249, "paysDividend": false, "raisedDividend": false, "equityRatio": 0.7038, "quadrant": { "code": "fs", "label": "Fast and steady", "plain": "growing faster than its size class, with steadier revenue" }, "compass": { "code": "later", "inside": "Turns 16.5% of revenue into operating cash; revenue growing 7.2% a year over three years; no common dividend.", "outside": "Among $1B-10B companies: 57th percentile for cash, 60th for growth.", "emoji": "🌱", "label": "Cash cow later", "plain": "growing fast, and already turning revenue into cash" }, "band": "$1B-10B", "cashPctInClass": 57, "growthPctInClass": 60, "source": "SEC XBRL frames, the company’s own audited figures; quadrant split at the median of its size class" }, "harbor": { "signs": [], "rule": "Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider.", "level": 0, "name": "New ship", "plain": "no warning signs" }, "cashFlow": { "fiscalYearEnd": "2025-12-31", "operating": 402000000, "investing": -302800000, "financing": -96900000, "capitalSpending": 45700000, "free": 356300000, "trend": [ { "fiscalYearEnd": "2021-12-31", "operating": 180800000, "free": 154100000 }, { "fiscalYearEnd": "2022-12-31", "operating": 224000000, "free": 195900000 }, { "fiscalYearEnd": "2023-12-31", "operating": 310800000, "free": 281100000 }, { "fiscalYearEnd": "2024-12-31", "operating": 361100000, "free": 325800000 }, { "fiscalYearEnd": "2025-12-31", "operating": 402000000, "free": 356300000 } ], "note": "Annual, as filed in 10-K cash flow statements; negative investing/financing = cash going out (capital spending, buybacks, dividends, debt repaid)." }, "investments": { "fiscalYearEnd": "2025-12-31", "cash": 405500000, "shortTerm": null, "longTerm": null, "equityHoldings": null, "totalAssets": 2881200000, "ladder": null, "currentRatio": 2.51, "unrealizedGain": null, "unrealizedLoss": null, "note": "Balance-sheet cash and investment securities at fiscal year end, as filed; short-term = due or saleable within a year. Insurers and banks hold most of their book here." } }, "definitions": { "operatingMargin": "Operating income divided by revenue.", "netMargin": "Net income divided by revenue.", "freeCashFlow": "Cash from operations minus spending on property and equipment.", "researchShareOfRevenue": "Research and development expense for the year as a share of revenue, both as filed.", "equityRatio": "Shareholders equity as a share of total assets, both as filed. Higher means less of the company is owed to someone else.", "returnOnEquity": "Net income for the year against shareholders equity at year end.", "payoutRatio": "Dividends paid as a share of net income, in the year the cash went out.", "dividendYearsRising": "Consecutive years, counted back from the last on record, in which dividend per share rose. A fall ends the run and is reported as dividendCut.", "revenueGrowthPerYear": "Compound annual growth between the first and latest fiscal years shown.", "credibility": "How much weight a record deserves, in the actuarial sense (ASOP No. 25): more audited years, more weight.", "peers": "Medians of SEC filers with $50M+ revenue in the same industry code (SIC), narrowest group with at least 8 filers, calendar-year figures from SEC XBRL frames.", "backtest": "The same range method applied to the company's own past years, scored against what it actually reported next. Hindsight, and labelled so.", "healthWatch": "Distress-type events the company filed in the last 12 months (late-filing notices; 8-K items 1.03, 3.01, 2.04, 4.02, 4.01, 2.05, 2.06, 1.05, 5.02), each with its count and newest filing. Display only: they do not change the range or its receipt." }, "speedCash": { "fiscalYear": 2025, "cashConversion": 0.1649, "growth3y": 0.072, "volatility": 0.0249, "paysDividend": false, "raisedDividend": false, "equityRatio": 0.7038, "quadrant": { "code": "fs", "label": "Fast and steady", "plain": "growing faster than its size class, with steadier revenue" }, "compass": { "code": "later", "inside": "Turns 16.5% of revenue into operating cash; revenue growing 7.2% a year over three years; no common dividend.", "outside": "Among $1B-10B companies: 57th percentile for cash, 60th for growth.", "emoji": "🌱", "label": "Cash cow later", "plain": "growing fast, and already turning revenue into cash" }, "band": "$1B-10B", "cashPctInClass": 57, "growthPctInClass": 60, "source": "SEC XBRL frames, the company’s own audited figures; quadrant split at the median of its size class" }, "harbor": { "signs": [], "rule": "Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider.", "level": 0, "name": "New ship", "plain": "no warning signs" }, "cashFlow": { "fiscalYearEnd": "2025-12-31", "operating": 402000000, "investing": -302800000, "financing": -96900000, "capitalSpending": 45700000, "free": 356300000, "trend": [ { "fiscalYearEnd": "2021-12-31", "operating": 180800000, "free": 154100000 }, { "fiscalYearEnd": "2022-12-31", "operating": 224000000, "free": 195900000 }, { "fiscalYearEnd": "2023-12-31", "operating": 310800000, "free": 281100000 }, { "fiscalYearEnd": "2024-12-31", "operating": 361100000, "free": 325800000 }, { "fiscalYearEnd": "2025-12-31", "operating": 402000000, "free": 356300000 } ], "note": "Annual, as filed in 10-K cash flow statements; negative investing/financing = cash going out (capital spending, buybacks, dividends, debt repaid)." }, "investments": { "fiscalYearEnd": "2025-12-31", "cash": 405500000, "shortTerm": null, "longTerm": null, "equityHoldings": null, "totalAssets": 2881200000, "ladder": null, "currentRatio": 2.51, "unrealizedGain": null, "unrealizedLoss": null, "note": "Balance-sheet cash and investment securities at fiscal year end, as filed; short-term = due or saleable within a year. Insurers and banks hold most of their book here." } }