Watts Water Technologies Inc (WTS)
Net 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 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 | 131,500 | 132,000 | 131,200 | 130,800 |
| 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 |
| Net profit margin | 12.80% | 13.72% | 13.48% | 13.21% | 12.75% | 11.46% | 11.01% | 9.63% | 9.19% | 8.93% | 8.51% | 8.11% | 7.63% | 7.82% | 7.72% | 8.36% | 8.27% | 8.37% | 6.68% | 6.68% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $262,100K ÷ $2,048,400K
= 12.80%
The net profit margin of Watts Water Technologies, Inc. has shown a consistent improvement over the quarters, indicating the company's ability to more effectively convert revenue into profit. The company achieved its highest net profit margin of 13.68% in Q3 2023, followed by Q2 2023 at 13.43% and Q1 2023 at 13.16%. Compared to the same quarters in the previous year, the net profit margins have generally increased, with Q4 2023 showing a notable improvement at 12.75% compared to 12.71% in Q4 2022. This upward trend suggests that Watts Water Technologies, Inc. has been successfully managing its costs and expenses relative to its revenue, resulting in a more profitable operation. Overall, the company's net profit margin performance reflects positive financial health and efficiency in its operations.
Peer comparison
Dec 31, 2023