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Watts Water Technologies (WTS) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 5, 2026 · Watts Water Technologies (WTS) Q3 2026 earnings results →
Q3 2026 Revenue up 19% year over year to $728M · 20¢ of every $1 of revenue kept as net profit · operating margin 26.2%
Watts Water Technologies made $728M in Q3 2026 (+19% Y/Y): Flow control and Protection $441M, HVAC and Gas Products $180M, Drainage and Water Re-use Products $74.7M. Operating margin 26.2%, net earnings $145M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 5, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $728.0M in Q3 2026, up 19% year over year and down 5% from the previous quarter. Flow control and Protection was the largest line at 61% of revenue. Flow control and Protection added $67.2M year over year (up 18%), 58% of the total change.
Gross margin was 55.1%, up 6.3 points from Q3 2025. Operating profit was $190.8M, a 26.2% margin (up 8.0 points year over year). Of the extra revenue versus Q3 2025, 68% reached operating profit, above the 18% margin then. Operating expenses grew 12% against revenue growth of 19%. Net earnings were $145.4M, up 77% year over year. The effective tax rate was 24.2%.
Operating cash flow was $158.1M (up 29% year over year), 109% of net earnings. Non-cash charges added back $16.3M of depreciation and amortization and $7.5M of share-based compensation. Working capital and other items used $11.1M. Capital expenditures of $26.2M left free cash flow of $131.9M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 5, 2026 | $728M | +19% | 26.2% | $145M | $158M |
| Q2 2026 | 10-Q | Aug 6, 2026 | $763M | +19% | 20.2% | $118M | $103M |
| Q1 2026 | 10-Q | May 7, 2026 | $677M | +21% | 19.6% | $99.6M | $17.9M |
| Q4 2025 | 10-K | Feb 23, 2026 | $625M | +16% | 18.2% | $83.7M | $155M |
| Q3 2025 | 10-Q | Nov 6, 2025 | $612M | +12% | 18.2% | $82.2M | $122M |
| Q2 2025 | 10-Q | Aug 7, 2025 | $644M | +8% | 21.0% | $101M | $69.7M |
| Q1 2025 | 10-Q | May 8, 2025 | $558M | -2% | 15.7% | $74.0M | $55.2M |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Watts Water Technologies
In this Annual Report on Form 10-K, references to “the Company,” “Watts Water,” “Watts,” “we,” “us” or “our” refer to Watts Water Technologies, Inc. and its consolidated subsidiaries. Watts Regulator Co. was founded by Joseph E. Watts in 1874 in Lawrence, Massachusetts. Watts Regulator Co. started as a small machine shop supplying parts to the New England textile mills of the 19th century. Since then, Watts has grown into a global manufacturer and become one of the world’s leading providers of water technologies and solutions that are designed to promote safety, energy efficiency, and water conservation for commercial and residential buildings. Watts Water Technologies, Inc. was incorporated in Delaware in 1985 and is the parent company of Watts Regulator Co.
In its own words, from its 10-K, filed Feb 23, 2026.
Watts Water Technologies against its Miscellaneous Fabricated Metal Products peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +19% against the peers' median +18%. Operating margin: 26.2% against the peers' median 18.6%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| WTS Watts Water Technologies | Q3 2026 | $728M | +19% | 26.2% |
| PH Parker-Hannifin | Q1 FY27 | $6.0B | +18% | 23.5% |
| CR Crane | Q3 2026 | $755M | +28% | 18.6% |
| CXT Crane NXT | Q3 2026 | $497M | +12% | 13.2% |
| MWA Mueller Water Products | Q4 FY26 | $376M | -1% | 19.4% |
| HLIO Helios Technologies | Q3 2026 | $230M | +4% | 12.2% |
| ELMT Elmet Group | Q2 2026 | $66.4M | +35% | -11.5% |
| AREB American Rebel Holdings | Q2 2026 | $2.0M | -30% | -238.2% |
Source: Watts Water Technologies 10-Q on SEC EDGAR · CIK 795403 · Miscellaneous Fabricated Metal Products
Guidance and outlook
13F: who owns WTS and who is buying
More on WTS
- How Watts Water Technologies makes money: revenue by segment
- Watts Water Technologies next earnings date and what analysts expect
- Watts Water Technologies stock forecast, price target and fair value
- Who owns Watts Water Technologies stock: holders, funds and Congress trades
- Watts Water Technologies guidance and outlook
- Is Watts Water Technologies a takeover target? LBO and rumors
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results
- Watts Water Technologies guidance history: guided vs reported
- Watts Water Technologies gross margin by quarter
- Watts Water Technologies operating margin by quarter
- Watts Water Technologies net income by quarter
- Watts Water Technologies free cash flow by quarter
- Watts Water Technologies capital expenditures by quarter
- Watts Water Technologies Flow control and Protection revenue by quarter
- Watts Water Technologies HVAC and Gas Products revenue by quarter
- Watts Water Technologies Drainage and Water Re-use Products revenue by quarter