Watts Water Technologies Inc (WTS)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 291,200 | 262,100 | 251,500 | 165,700 | 114,300 |
| Revenue | US$ in thousands | 2,252,200 | 2,056,300 | 1,979,500 | 1,809,200 | 1,508,600 |
| Net profit margin | 12.93% | 12.75% | 12.71% | 9.16% | 7.58% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $291,200K ÷ $2,252,200K
= 12.93%
The net profit margin of Watts Water Technologies Inc has shown a favorable trend over the past five years, exhibiting an increasing pattern. Starting at 7.58% on December 31, 2020, the net profit margin gradually improved to 9.16% on December 31, 2021, and experienced significant growth in subsequent years. By December 31, 2024, the net profit margin reached its highest point at 12.93%, indicating that the company has been effectively managing its expenses and generating more profit relative to its revenue. This consistent improvement in net profit margin reflects the company's ability to control costs and enhance overall profitability, which is a positive signal for investors and stakeholders.
Peer comparison
Dec 31, 2024