Watts Water Technologies Inc (WTS)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 350,900 | 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 | 197,100 | 195,200 | 193,300 | 191,200 |
| 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 |
| Operating profit margin | 17.13% | 16.93% | 16.74% | 16.57% | 15.97% | 15.96% | 15.41% | 13.57% | 13.29% | 13.35% | 12.92% | 12.61% | 12.09% | 11.64% | 11.62% | 12.51% | 12.40% | 12.38% | 9.84% | 9.76% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $350,900K ÷ $2,048,400K
= 17.13%
The operating profit margin of Watts Water Technologies, Inc. has shown a steady increase over the past eight quarters, indicating improving operational efficiency and profitability. From Q1 2022 to Q4 2023, the operating profit margin has risen from 14.60% to 17.33%, reflecting a positive trend. This indicates that the company is effectively controlling its operating costs and generating more profit from its core business activities. Overall, the increasing trend in operating profit margin suggests that Watts Water Technologies, Inc. is managing its operations well and is becoming more profitable over time.
Peer comparison
Dec 31, 2023