Watts Water Technologies Inc (WTS)
Gross profit margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 960,900 | 923,900 | 907,400 | 893,800 | 874,300 | 855,000 | 831,100 | 792,000 | 767,100 | 737,000 | 701,500 | 636,300 | 625,400 | 626,300 | 636,400 | 676,100 | 677,500 | 673,300 | 669,200 | 664,000 |
| Revenue (ttm) | US$ in thousands | 2,048,400 | 2,004,500 | 1,987,300 | 1,981,100 | 1,972,700 | 1,945,300 | 1,913,000 | 1,853,600 | 1,803,100 | 1,733,800 | 1,660,500 | 1,529,700 | 1,498,000 | 1,494,900 | 1,505,800 | 1,584,200 | 1,589,700 | 1,577,000 | 1,963,700 | 1,958,500 |
| Gross profit margin | 46.91% | 46.09% | 45.66% | 45.12% | 44.32% | 43.95% | 43.44% | 42.73% | 42.54% | 42.51% | 42.25% | 41.60% | 41.75% | 41.90% | 42.26% | 42.68% | 42.62% | 42.69% | 34.08% | 33.90% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $960,900K ÷ $2,048,400K
= 46.91%
The gross profit margin of Watts Water Technologies, Inc. has shown a consistent upward trend over the past eight quarters, reflecting positively on the company's ability to generate profits from its core operations. The margin started at 42.60% in Q1 2022 and steadily increased to reach 46.73% in Q4 2023. This indicates that the company has been effectively managing its production costs and pricing strategies to improve profitability. Overall, the increasing gross profit margin suggests operational efficiency and effective cost control measures within Watts Water Technologies, Inc.
Peer comparison
Dec 31, 2023