Watts Water Technologies Inc (WTS)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 349,500 | 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 | 183,900 | 181,300 | 179,100 | 178,000 |
| 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 |
| Pretax margin | 17.06% | 16.81% | 16.48% | 16.21% | 15.59% | 15.62% | 15.09% | 13.28% | 12.98% | 12.93% | 12.32% | 11.79% | 11.15% | 10.71% | 10.79% | 11.73% | 11.57% | 11.50% | 9.12% | 9.09% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $349,500K ÷ $2,048,400K
= 17.06%
The pretax margin of Watts Water Technologies, Inc. has shown a generally positive trend over the past eight quarters. From Q1 2022 to Q4 2023, the pretax margin increased from 13.24% to 17.00%. This indicates that the company has been able to improve its efficiency in generating profits before accounting for taxes.
The consistent improvement in pretax margin signals that Watts Water Technologies is effectively managing its operating expenses and driving revenue growth. This upward trend suggests that the company may have implemented cost-saving measures or increased its pricing power to enhance profitability.
Overall, the pretax margin data reflects positively on the company's financial performance and operational efficiency. It indicates that Watts Water Technologies has been successful in increasing its profitability relative to its total revenue over the observed period.
Peer comparison
Dec 31, 2023