Watts Water Technologies Inc (WTS)
Net profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 291,200 | 279,400 | 276,100 | 270,000 | 262,100 | 275,000 | 267,900 | 261,700 | 251,500 | 223,000 | 210,700 | 178,500 | 165,700 | 154,800 | 141,300 | 124,000 | 114,300 | 116,900 | 116,300 | 132,500 |
| Revenue (ttm) | US$ in thousands | 2,252,200 | 2,259,300 | 2,220,000 | 2,155,500 | 2,056,300 | 2,010,700 | 1,994,200 | 1,988,000 | 1,979,500 | 1,951,500 | 1,918,700 | 1,859,100 | 1,809,200 | 1,738,700 | 1,667,600 | 1,539,300 | 1,508,600 | 1,505,500 | 1,516,300 | 1,594,400 |
| Net profit margin | 12.93% | 12.37% | 12.44% | 12.53% | 12.75% | 13.68% | 13.43% | 13.16% | 12.71% | 11.43% | 10.98% | 9.60% | 9.16% | 8.90% | 8.47% | 8.06% | 7.58% | 7.76% | 7.67% | 8.31% |
December 31, 2024 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $291,200K ÷ $2,252,200K
= 12.93%
Watts Water Technologies Inc has shown a positive trend in its net profit margin over the past few years, reflecting its ability to efficiently convert revenue into profit. The net profit margin has been steadily increasing from 8.31% as of March 31, 2020, to 12.93% as of December 31, 2024. This indicates that the company has been effectively managing its costs and expenses relative to its revenue generation.
The consistent upward trend in the net profit margin signifies improved profitability and operational efficiency for Watts Water Technologies Inc. However, it is notable that there was a slight dip in the net profit margin in the first quarter of 2023, followed by a recovery in subsequent periods. This may warrant further investigation to identify any underlying factors impacting profitability during that period.
Overall, the increasing net profit margin of Watts Water Technologies Inc is a positive indicator of its financial performance and ability to generate profits from its operations. This trend suggests a strengthening bottom line and may instill confidence in investors and stakeholders regarding the company's financial health.
Peer comparison
Dec 31, 2024