Watts Water Technologies Inc (WTS)
Operating profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 390,400 | 356,400 | 315,000 | 239,600 | 181,100 |
| Revenue | US$ in thousands | 2,252,200 | 2,056,300 | 1,979,500 | 1,809,200 | 1,508,600 |
| Operating profit margin | 17.33% | 17.33% | 15.91% | 13.24% | 12.00% |
December 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $390,400K ÷ $2,252,200K
= 17.33%
The operating profit margin of Watts Water Technologies Inc has shown a consistent upward trend over the past five years. Starting at 12.00% as of December 31, 2020, the margin increased steadily to 13.24% by December 31, 2021. Further growth was witnessed in the subsequent years, with the margin reaching 15.91% as of December 31, 2022, and further improving to 17.33% as of December 31, 2023, where it also remained stable in the last year of the dataset, December 31, 2024. This positive trend indicates the company's ability to efficiently manage its operating expenses relative to its revenue, leading to an improved profitability margin over the years.
Peer comparison
Dec 31, 2024