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Side-by-side financial comparison of AMN HEALTHCARE SERVICES INC (AMN) and WATTS WATER TECHNOLOGIES INC (WTS). Click either name above to swap in a different company.
AMN HEALTHCARE SERVICES INC is the larger business by last-quarter revenue ($748.2M vs $625.1M, roughly 1.2× WATTS WATER TECHNOLOGIES INC). WATTS WATER TECHNOLOGIES INC runs the higher net margin — 13.4% vs -1.0%, a 14.4% gap on every dollar of revenue. On growth, WATTS WATER TECHNOLOGIES INC posted the faster year-over-year revenue change (15.7% vs 1.8%). WATTS WATER TECHNOLOGIES INC produced more free cash flow last quarter ($140.3M vs $67.6M). Over the past eight quarters, WATTS WATER TECHNOLOGIES INC's revenue compounded faster (4.6% CAGR vs -4.5%).
AMN Healthcare Services Inc. is a leading US healthcare sector workforce solutions and staffing provider. It offers temporary and permanent placement for nurses, physicians, allied health and other clinical/non-clinical staff, plus workforce management tools and consulting for hospitals, clinics and other medical facilities.
AERCO International, Inc. is a manufacturer and supplier of commercial condensing boilers, high efficiency water heating equipment and energy recovery systems in the HVAC/plumbing industry across a variety of markets including education, lodging, government, office buildings, healthcare, industrial and multifamily housing. In 1949, AERCO introduced the industry's first semi-instantaneous, tankless steam-to-water water heater. In 1988, AERCO introduced the first condensing and fully modulating...
AMN vs WTS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $748.2M | $625.1M |
| Net Profit | $-7.7M | $83.7M |
| Gross Margin | 26.1% | 49.5% |
| Operating Margin | 1.1% | 18.2% |
| Net Margin | -1.0% | 13.4% |
| Revenue YoY | 1.8% | 15.7% |
| Net Profit YoY | 95.9% | 24.0% |
| EPS (diluted) | $-0.19 | $2.50 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $748.2M | $625.1M | ||
| Q3 25 | $634.5M | $611.7M | ||
| Q2 25 | $658.2M | $643.7M | ||
| Q1 25 | $689.5M | $558.0M | ||
| Q4 24 | $734.7M | $540.4M | ||
| Q3 24 | $687.5M | $543.6M | ||
| Q2 24 | $740.7M | $597.3M | ||
| Q1 24 | $820.9M | $570.9M |
| Q4 25 | $-7.7M | $83.7M | ||
| Q3 25 | $29.3M | $82.2M | ||
| Q2 25 | $-116.2M | $100.9M | ||
| Q1 25 | $-1.1M | $74.0M | ||
| Q4 24 | $-187.5M | $67.5M | ||
| Q3 24 | $7.0M | $69.1M | ||
| Q2 24 | $16.2M | $82.0M | ||
| Q1 24 | $17.3M | $72.6M |
| Q4 25 | 26.1% | 49.5% | ||
| Q3 25 | 29.1% | 48.8% | ||
| Q2 25 | 29.8% | 50.6% | ||
| Q1 25 | 28.7% | 48.8% | ||
| Q4 24 | 29.8% | 46.7% | ||
| Q3 24 | 31.0% | 47.3% | ||
| Q2 24 | 31.0% | 47.7% | ||
| Q1 24 | 31.4% | 46.9% |
| Q4 25 | 1.1% | 18.2% | ||
| Q3 25 | 7.5% | 18.2% | ||
| Q2 25 | -18.8% | 21.0% | ||
| Q1 25 | 1.8% | 15.7% | ||
| Q4 24 | -27.6% | 16.5% | ||
| Q3 24 | 3.2% | 17.1% | ||
| Q2 24 | 5.1% | 18.7% | ||
| Q1 24 | 4.9% | 16.9% |
| Q4 25 | -1.0% | 13.4% | ||
| Q3 25 | 4.6% | 13.4% | ||
| Q2 25 | -17.7% | 15.7% | ||
| Q1 25 | -0.2% | 13.3% | ||
| Q4 24 | -25.5% | 12.5% | ||
| Q3 24 | 1.0% | 12.7% | ||
| Q2 24 | 2.2% | 13.7% | ||
| Q1 24 | 2.1% | 12.7% |
| Q4 25 | $-0.19 | $2.50 | ||
| Q3 25 | $0.76 | $2.45 | ||
| Q2 25 | $-3.02 | $3.01 | ||
| Q1 25 | $-0.03 | $2.21 | ||
| Q4 24 | $-4.90 | $2.02 | ||
| Q3 24 | $0.18 | $2.06 | ||
| Q2 24 | $0.42 | $2.44 | ||
| Q1 24 | $0.45 | $2.17 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $34.0M | $405.5M |
| Total DebtLower is stronger | $767.1M | — |
| Stockholders' EquityBook value | $642.1M | $2.0B |
| Total Assets | $2.1B | $2.9B |
| Debt / EquityLower = less leverage | 1.19× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $34.0M | $405.5M | ||
| Q3 25 | $52.6M | $457.7M | ||
| Q2 25 | $41.5M | $369.3M | ||
| Q1 25 | $55.8M | $336.8M | ||
| Q4 24 | $10.6M | $386.9M | ||
| Q3 24 | $30.6M | $303.9M | ||
| Q2 24 | $48.0M | $279.4M | ||
| Q1 24 | $50.6M | $237.1M |
| Q4 25 | $767.1M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $642.1M | $2.0B | ||
| Q3 25 | $644.4M | $2.0B | ||
| Q2 25 | $607.6M | $1.9B | ||
| Q1 25 | $715.1M | $1.8B | ||
| Q4 24 | $706.6M | $1.7B | ||
| Q3 24 | $890.7M | $1.7B | ||
| Q2 24 | $876.9M | $1.6B | ||
| Q1 24 | $854.2M | $1.6B |
| Q4 25 | $2.1B | $2.9B | ||
| Q3 25 | $2.1B | $2.7B | ||
| Q2 25 | $2.2B | $2.6B | ||
| Q1 25 | $2.4B | $2.5B | ||
| Q4 24 | $2.4B | $2.4B | ||
| Q3 24 | $2.7B | $2.4B | ||
| Q2 24 | $2.8B | $2.4B | ||
| Q1 24 | $2.9B | $2.3B |
| Q4 25 | 1.19× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.49× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $75.6M | $154.7M |
| Free Cash FlowOCF − Capex | $67.6M | $140.3M |
| FCF MarginFCF / Revenue | 9.0% | 22.4% |
| Capex IntensityCapex / Revenue | 1.1% | 2.3% |
| Cash ConversionOCF / Net Profit | — | 1.85× |
| TTM Free Cash FlowTrailing 4 quarters | $233.8M | $356.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $75.6M | $154.7M | ||
| Q3 25 | $22.7M | $122.4M | ||
| Q2 25 | $78.5M | $69.7M | ||
| Q1 25 | $92.7M | $55.2M | ||
| Q4 24 | $72.8M | $139.5M | ||
| Q3 24 | $66.7M | $90.7M | ||
| Q2 24 | $99.5M | $85.3M | ||
| Q1 24 | $81.4M | $45.6M |
| Q4 25 | $67.6M | $140.3M | ||
| Q3 25 | $14.8M | $110.9M | ||
| Q2 25 | $68.7M | $59.5M | ||
| Q1 25 | $82.7M | $45.6M | ||
| Q4 24 | $56.6M | $127.5M | ||
| Q3 24 | $47.4M | $84.3M | ||
| Q2 24 | $72.2M | $78.5M | ||
| Q1 24 | $63.2M | $35.5M |
| Q4 25 | 9.0% | 22.4% | ||
| Q3 25 | 2.3% | 18.1% | ||
| Q2 25 | 10.4% | 9.2% | ||
| Q1 25 | 12.0% | 8.2% | ||
| Q4 24 | 7.7% | 23.6% | ||
| Q3 24 | 6.9% | 15.5% | ||
| Q2 24 | 9.8% | 13.1% | ||
| Q1 24 | 7.7% | 6.2% |
| Q4 25 | 1.1% | 2.3% | ||
| Q3 25 | 1.2% | 1.9% | ||
| Q2 25 | 1.5% | 1.6% | ||
| Q1 25 | 1.4% | 1.7% | ||
| Q4 24 | 2.2% | 2.2% | ||
| Q3 24 | 2.8% | 1.2% | ||
| Q2 24 | 3.7% | 1.1% | ||
| Q1 24 | 2.2% | 1.8% |
| Q4 25 | — | 1.85× | ||
| Q3 25 | 0.77× | 1.49× | ||
| Q2 25 | — | 0.69× | ||
| Q1 25 | — | 0.75× | ||
| Q4 24 | — | 2.07× | ||
| Q3 24 | 9.54× | 1.31× | ||
| Q2 24 | 6.13× | 1.04× | ||
| Q1 24 | 4.70× | 0.63× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AMN
| Travel Nurse Staffing | $208.3M | 28% |
| Allied Staffing | $146.9M | 20% |
| Labor Disruption Services | $124.3M | 17% |
| Technology And Workforce Solutions | $88.0M | 12% |
| Language Services | $69.9M | 9% |
| Other | $29.6M | 4% |
| International Nurse Staffing | $29.6M | 4% |
| Interim Leadership Staffing | $24.1M | 3% |
| Vendor Management Systems | $16.3M | 2% |
| Local Staffing | $8.6M | 1% |
| International Nurse Permanent Placement | $2.6M | 0% |
WTS
Segment breakdown not available.
