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Side-by-side financial comparison of Andersons, Inc. (ANDE) and WATTS WATER TECHNOLOGIES INC (WTS). Click either name above to swap in a different company.
WATTS WATER TECHNOLOGIES INC is the larger business by last-quarter revenue ($625.1M vs $329.5M, roughly 1.9× Andersons, Inc.). Andersons, Inc. runs the higher net margin — 20.5% vs 13.4%, a 7.1% gap on every dollar of revenue. On growth, WATTS WATER TECHNOLOGIES INC posted the faster year-over-year revenue change (15.7% vs -2.4%). WATTS WATER TECHNOLOGIES INC produced more free cash flow last quarter ($140.3M vs $-77.1M). Over the past eight quarters, WATTS WATER TECHNOLOGIES INC's revenue compounded faster (4.6% CAGR vs -1.8%).
The Andersons, Inc. is an American agribusiness established in 1947, that began as Andersons Truck Terminal (ATT) in the 1940s for the grain industry, headquartered in Maumee, Ohio. It is a diversified company rooted in agriculture that conducts business in the commodity merchandising, renewables, and plant nutrient sectors.
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...
ANDE vs WTS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $329.5M | $625.1M |
| Net Profit | $67.4M | $83.7M |
| Gross Margin | 70.3% | 49.5% |
| Operating Margin | 26.6% | 18.2% |
| Net Margin | 20.5% | 13.4% |
| Revenue YoY | -2.4% | 15.7% |
| Net Profit YoY | 49.6% | 24.0% |
| EPS (diluted) | — | $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 | $329.5M | $625.1M | ||
| Q3 25 | $295.8M | $611.7M | ||
| Q2 25 | $535.0M | $643.7M | ||
| Q1 25 | $370.8M | $558.0M | ||
| Q4 24 | $337.5M | $540.4M | ||
| Q3 24 | $231.9M | $543.6M | ||
| Q2 24 | $492.5M | $597.3M | ||
| Q1 24 | $341.4M | $570.9M |
| Q4 25 | $67.4M | $83.7M | ||
| Q3 25 | $20.1M | $82.2M | ||
| Q2 25 | $7.9M | $100.9M | ||
| Q1 25 | $284.0K | $74.0M | ||
| Q4 24 | $45.1M | $67.5M | ||
| Q3 24 | $27.4M | $69.1M | ||
| Q2 24 | $36.0M | $82.0M | ||
| Q1 24 | $5.6M | $72.6M |
| Q4 25 | 70.3% | 49.5% | ||
| Q3 25 | 57.8% | 48.8% | ||
| Q2 25 | 29.6% | 50.6% | ||
| Q1 25 | 41.2% | 48.8% | ||
| Q4 24 | 63.1% | 46.7% | ||
| Q3 24 | 76.4% | 47.3% | ||
| Q2 24 | 35.6% | 47.7% | ||
| Q1 24 | 37.6% | 46.9% |
| Q4 25 | 26.6% | 18.2% | ||
| Q3 25 | 8.7% | 18.2% | ||
| Q2 25 | 4.6% | 21.0% | ||
| Q1 25 | 0.9% | 15.7% | ||
| Q4 24 | 19.9% | 16.5% | ||
| Q3 24 | 26.8% | 17.1% | ||
| Q2 24 | 11.6% | 18.7% | ||
| Q1 24 | 4.1% | 16.9% |
| Q4 25 | 20.5% | 13.4% | ||
| Q3 25 | 6.8% | 13.4% | ||
| Q2 25 | 1.5% | 15.7% | ||
| Q1 25 | 0.1% | 13.3% | ||
| Q4 24 | 13.4% | 12.5% | ||
| Q3 24 | 11.8% | 12.7% | ||
| Q2 24 | 7.3% | 13.7% | ||
| Q1 24 | 1.6% | 12.7% |
| Q4 25 | — | $2.50 | ||
| Q3 25 | $0.59 | $2.45 | ||
| Q2 25 | $0.23 | $3.01 | ||
| Q1 25 | $0.01 | $2.21 | ||
| Q4 24 | $1.31 | $2.02 | ||
| Q3 24 | $0.80 | $2.06 | ||
| Q2 24 | $1.05 | $2.44 | ||
| Q1 24 | $0.16 | $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 | $98.3M | $405.5M |
| Total DebtLower is stronger | $560.0M | — |
| Stockholders' EquityBook value | $1.2B | $2.0B |
| Total Assets | $3.7B | $2.9B |
| Debt / EquityLower = less leverage | 0.45× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $98.3M | $405.5M | ||
| Q3 25 | — | $457.7M | ||
| Q2 25 | — | $369.3M | ||
| Q1 25 | — | $336.8M | ||
| Q4 24 | $561.8M | $386.9M | ||
| Q3 24 | — | $303.9M | ||
| Q2 24 | — | $279.4M | ||
| Q1 24 | — | $237.1M |
| Q4 25 | $560.0M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $608.2M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.2B | $2.0B | ||
| Q3 25 | $1.2B | $2.0B | ||
| Q2 25 | $1.4B | $1.9B | ||
| Q1 25 | $1.4B | $1.8B | ||
| Q4 24 | $1.4B | $1.7B | ||
| Q3 24 | $1.3B | $1.7B | ||
| Q2 24 | $1.3B | $1.6B | ||
| Q1 24 | $1.3B | $1.6B |
| Q4 25 | $3.7B | $2.9B | ||
| Q3 25 | $3.3B | $2.7B | ||
| Q2 25 | $3.4B | $2.6B | ||
| Q1 25 | $3.8B | $2.5B | ||
| Q4 24 | $4.1B | $2.4B | ||
| Q3 24 | $3.4B | $2.4B | ||
| Q2 24 | $3.3B | $2.4B | ||
| Q1 24 | $3.3B | $2.3B |
| Q4 25 | 0.45× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.45× | — | ||
| 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 | $-6.2M | $154.7M |
| Free Cash FlowOCF − Capex | $-77.1M | $140.3M |
| FCF MarginFCF / Revenue | -23.4% | 22.4% |
| Capex IntensityCapex / Revenue | 21.5% | 2.3% |
| Cash ConversionOCF / Net Profit | -0.09× | 1.85× |
| TTM Free Cash FlowTrailing 4 quarters | $-56.1M | $356.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-6.2M | $154.7M | ||
| Q3 25 | $233.9M | $122.4M | ||
| Q2 25 | $299.3M | $69.7M | ||
| Q1 25 | $-350.0M | $55.2M | ||
| Q4 24 | $268.8M | $139.5M | ||
| Q3 24 | $-2.1M | $90.7M | ||
| Q2 24 | $304.4M | $85.3M | ||
| Q1 24 | $-239.6M | $45.6M |
| Q4 25 | $-77.1M | $140.3M | ||
| Q3 25 | $167.0M | $110.9M | ||
| Q2 25 | $250.5M | $59.5M | ||
| Q1 25 | $-396.6M | $45.6M | ||
| Q4 24 | $212.9M | $127.5M | ||
| Q3 24 | $-40.0M | $84.3M | ||
| Q2 24 | $275.8M | $78.5M | ||
| Q1 24 | $-266.4M | $35.5M |
| Q4 25 | -23.4% | 22.4% | ||
| Q3 25 | 56.5% | 18.1% | ||
| Q2 25 | 46.8% | 9.2% | ||
| Q1 25 | -106.9% | 8.2% | ||
| Q4 24 | 63.1% | 23.6% | ||
| Q3 24 | -17.2% | 15.5% | ||
| Q2 24 | 56.0% | 13.1% | ||
| Q1 24 | -78.0% | 6.2% |
| Q4 25 | 21.5% | 2.3% | ||
| Q3 25 | 22.6% | 1.9% | ||
| Q2 25 | 9.1% | 1.6% | ||
| Q1 25 | 12.6% | 1.7% | ||
| Q4 24 | 16.6% | 2.2% | ||
| Q3 24 | 16.3% | 1.2% | ||
| Q2 24 | 5.8% | 1.1% | ||
| Q1 24 | 7.8% | 1.8% |
| Q4 25 | -0.09× | 1.85× | ||
| Q3 25 | 11.61× | 1.49× | ||
| Q2 25 | 38.10× | 0.69× | ||
| Q1 25 | -1232.46× | 0.75× | ||
| Q4 24 | 5.96× | 2.07× | ||
| Q3 24 | -0.08× | 1.31× | ||
| Q2 24 | 8.46× | 1.04× | ||
| Q1 24 | -42.94× | 0.63× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ANDE
| Specialty And Primary Nutrients | $137.1M | 42% |
| Premium Ingredients | $66.1M | 20% |
| Segment Reporting Reconciling Item Other | $63.2M | 19% |
| Other | $63.1M | 19% |
WTS
Segment breakdown not available.
