Watts Water Technologies Inc (WTS)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 391,800 | 385,400 | 379,300 | 368,000 | 354,800 | 339,400 | 332,700 | 328,200 | 315,000 | 310,400 | 294,700 | 251,500 | 239,600 | 231,400 | 214,600 | 192,900 | 181,100 | 174,000 | 174,900 | 198,200 |
| 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 |
| Operating profit margin | 17.40% | 17.06% | 17.09% | 17.07% | 17.25% | 16.88% | 16.68% | 16.51% | 15.91% | 15.91% | 15.36% | 13.53% | 13.24% | 13.31% | 12.87% | 12.53% | 12.00% | 11.56% | 11.53% | 12.43% |
December 31, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $391,800K ÷ $2,252,200K
= 17.40%
Watts Water Technologies Inc has demonstrated a generally positive trend in its operating profit margin over the reported periods, with fluctuations within a relatively narrow range. The operating profit margin started at 12.43% as of March 31, 2020, and hovered around this level for the subsequent quarters. There was a slight decrease to 11.53% by June 30, 2020, but the margin gradually picked up to reach 12.87% by June 30, 2021.
From June 2021 to December 2024, the operating profit margin consistently improved, reaching 17.40% at the end of December 31, 2024. Notably, the most significant increases occurred in the last few periods, with a notable jump from 15.36% as of June 30, 2022, to 15.91% in the following quarter, and maintaining this level until September 30, 2022.
The company experienced a further boost in its operating profit margin, hitting 16.88% by September 30, 2023, and eventually reaching 17.40% at the end of December 31, 2024. This upward trend indicates improved operational efficiency and profitability over time, reflecting positively on the company's ability to manage its direct costs and generate revenue.
Peer comparison
Dec 31, 2024