Filing Flows › Watts Water Technologies (WTS) › Q3 2026 › vs Q3 2025
Watts Water Technologies (WTS) Q3 2026 vs Q3 2025 (year over year)
Watts Water Technologies's revenue rose $116M (+19%) from $612M in Q3 2025 to $728M in Q3 2026. The biggest changes: Flow control and Protection +$67.2M (+18%); HVAC and Gas Products +$36.3M (+25%); Drainage and Water Re-use Products +$7.6M (+11%). Gross margin 55.1% against 48.8% (+6.3 pts).
Watts Water Technologies, Q3 2026: revenue $728M (+19% year over year), operating margin 26.2%, net earnings $145M, operating cash flow $158M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Gross margin | 55.1% | 48.8% | +6.3 pts |
| Operating margin | 26.2% | 18.2% | +8.0 pts |
| Net margin | 20.0% | 13.4% | +6.5 pts |
| Free cash flow margin | 18.1% | 18.1% | -0.0 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Flow control and Protection | $441M | $374M | $67.2M | +18% |
| HVAC and Gas Products | $180M | $143M | $36.3M | +25% |
| Drainage and Water Re-use Products | $74.7M | $67.1M | $7.6M | +11% |
| Water quality | $32.3M | $27.1M | $5.2M | +19% |
| Revenue | $728M | $612M | $116M | +19% |
| Gross profit | $401M | $298M | $103M | +34% |
| Cost of revenue | $327M | $313M | $13.7M | +4% |
| Operating profit | $191M | $111M | $79.4M | +71% |
| Operating expenses | $210M | $187M | $23.2M | +12% |
| Pre-tax earnings | $192M | $111M | $80.9M | +73% |
| Net earnings | $145M | $82.2M | $63.2M | +77% |
| Income tax | $46.5M | $28.8M | $17.7M | +61% |
| Depreciation & amortization | $16.3M | $14.2M | $2.1M | +15% |
| Share-based compensation | $7.5M | $5.6M | $1.9M | +34% |
| Working capital & other | $11.1M | −$20.4M | $31.5M | — |
| Operating cash flow | $158M | $122M | $35.7M | +29% |
| Free cash flow (OCF − capex) | $132M | $111M | $21.0M | +19% |
| Capital expenditures | $26.2M | $11.5M | $14.7M | +128% |
Questions
How much did Watts Water Technologies's revenue grow year over year in Q3 2026?
Watts Water Technologies's revenue rose $116M (+19%) from $612M in Q3 2025 to $728M in Q3 2026.
What drove Watts Water Technologies's revenue change in Q3 2026?
Flow control and Protection +$67.2M (+18%); HVAC and Gas Products +$36.3M (+25%); Drainage and Water Re-use Products +$7.6M (+11%).