Watts Water Technologies Inc (WTS)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 386,000 | 374,400 | 370,200 | 361,300 | 349,600 | 336,900 | 327,600 | 321,200 | 307,600 | 303,900 | 288,600 | 246,100 | 234,100 | 224,200 | 204,500 | 180,300 | 167,000 | 160,100 | 162,500 | 185,800 |
| 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 |
| Pretax margin | 17.14% | 16.57% | 16.68% | 16.76% | 17.00% | 16.76% | 16.43% | 16.16% | 15.54% | 15.57% | 15.04% | 13.24% | 12.94% | 12.89% | 12.26% | 11.71% | 11.07% | 10.63% | 10.72% | 11.65% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $386,000K ÷ $2,252,200K
= 17.14%
Watts Water Technologies Inc's pretax margin has shown a positive trend over the period from March 31, 2020, to December 31, 2024. The pretax margin has increased steadily from 11.65% in March 2020 to 17.14% in December 2024. This improvement indicates that the company has been able to effectively control its operating expenses and generate higher profitability before accounting for taxes.
The pretax margin improvement reflects the company's ability to increase operational efficiency, optimize costs, and potentially improve revenue generation strategies. A rising pretax margin indicates that Watts Water Technologies Inc is becoming more profitable on each dollar of sales made before tax deductions, which is a positive sign for investors as it signifies improved operational performance and financial health.
Peer comparison
Dec 31, 2024