WATTS WATER TECHNOLOGIES INC

Miscellaneous Fabricated Metal Products·NORTH ANDOVER, MA·FY end 12/31·CIK 795403

CEO Pay Ratio

191:1

Robert J. Pagano

CEO Total Comp

$10.4M

Robert J. Pagano

Median Employee

$54,714

Revenue

$2.4B

FY 2025

Net Income

$340.8M

FY 2025

Free Cash Flow

$356.3M

FY 2025

Net Margin

14.0%

Insider Net (180d)

-$21.2M

0 buys / 24 sales

CEO Pay Accountability

CEO comp as % of net income

3.06%

For every $1,000 of profit, $30.58 flows to the CEO.

CEO comp as % of buybacks

65.15%

CEO comp equals 651.5‰ of cash returned to shareholders via buybacks.

5-year history · USD

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	Trend
Revenue	$2.4B	$2.3B	$2.1B	$2.0B	$1.8B
Gross Profit	$1.2B	$1.1B	$960.9M	$874.3M	$767.1M
Operating Income	$448.1M	$390.4M	$350.9M	$315.0M	$239.6M
Net Income	$340.8M	$291.2M	$262.1M	$251.5M	$165.7M
Operating CF	$402.0M	$361.1M	$310.8M	$224.0M	$180.8M
Capex	$45.7M	$35.3M	$29.7M	$28.1M	$26.7M
Free Cash Flow	$356.3M	$325.8M	$281.1M	$195.9M	$154.1M
Buybacks	$16.0M	$17.0M	$16.0M	$69.4M	$16.0M
Dividends	—	—	—	—	—	—

Gross Margin	49.5%	47.2%	46.7%	44.2%	42.4%
Operating Margin	18.4%	17.3%	17.1%	15.9%	13.2%
Net Margin	14.0%	12.9%	12.7%	12.7%	9.2%
FCF Margin	14.6%	14.5%	13.7%	9.9%	8.5%
R&D / Revenue	3.0%	3.1%	3.3%	3.0%	2.5%
Effective Tax	23.6%	24.6%	25.0%	18.2%	29.2%
Debt / Equity	0.10	0.12	0.20	0.11	0.12
Buybacks / FCF	4.5%	5.2%	5.7%	35.4%	10.4%

FY 2025

Executive	Salary	Stock	Options	Bonus / Inc.	Other	Total
Robert J. PaganoJr. Chief Executive Officer, President & Chairperson of the Board	$1.2M	$6.5M	—	$2.7M	$90.9K	$10.4M
Andre DhawanChief Operating Officer	$605.4K	$1.1M	—	$769.4K	$60.5K	$2.5M
Elie A. MelhemPresident, Asia-Pacific, the Middle East & Africa	$502.0K	$827.4K	—	$400.4K	$292.2K	$2.0M
Kenneth R. Lepage GeneralCounsel, Chief Compliance Officer, Chief Sustainability Officer & Secretary	$493.8K	$736.8K	—	$532.0K	$60.9K	$1.8M
Diane McClintockChief Financial Officer	$334.4K	$711.0K	—	$306.6K	$31.8K	$1.4M
Shashank PatelFormer Chief Financial Officer	$482.2K	—	—	$600.5K	$48.0K	$1.1M
Ryan LadaFormer Chief Financial Officer	$170.0K	$499.9K	—	—	$10.4K	$680.2K