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Side-by-side financial comparison of Axos Financial, Inc. (AX) 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 $392.2M, roughly 1.6× Axos Financial, Inc.). Axos Financial, Inc. runs the higher net margin — 31.8% vs 13.4%, a 18.4% gap on every dollar of revenue. Over the past eight quarters, Axos Financial, Inc.'s revenue compounded faster (16.1% CAGR vs 4.6%).
Axos Financial is an American bank holding company based in Las Vegas, Nevada and is the parent of Axos Bank, a direct bank. It also offers registered investment adviser services and an electronic trading platform.
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...
AX vs WTS — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $392.2M | $625.1M |
| Net Profit | $124.7M | $83.7M |
| Gross Margin | — | 49.5% |
| Operating Margin | — | 18.2% |
| Net Margin | 31.8% | 13.4% |
| Revenue YoY | — | 15.7% |
| Net Profit YoY | 18.5% | 24.0% |
| EPS (diluted) | $2.15 | $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.
| Q1 26 | $392.2M | — | ||
| Q4 25 | $385.1M | $625.1M | ||
| Q3 25 | $323.4M | $611.7M | ||
| Q2 25 | $321.4M | $643.7M | ||
| Q1 25 | $308.8M | $558.0M | ||
| Q4 24 | $307.9M | $540.4M | ||
| Q3 24 | $320.7M | $543.6M | ||
| Q2 24 | $290.9M | $597.3M |
| Q1 26 | $124.7M | — | ||
| Q4 25 | $128.4M | $83.7M | ||
| Q3 25 | $112.4M | $82.2M | ||
| Q2 25 | $110.7M | $100.9M | ||
| Q1 25 | $105.2M | $74.0M | ||
| Q4 24 | $104.7M | $67.5M | ||
| Q3 24 | $112.3M | $69.1M | ||
| Q2 24 | $104.9M | $82.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 49.5% | ||
| Q3 25 | — | 48.8% | ||
| Q2 25 | — | 50.6% | ||
| Q1 25 | — | 48.8% | ||
| Q4 24 | — | 46.7% | ||
| Q3 24 | — | 47.3% | ||
| Q2 24 | — | 47.7% |
| Q1 26 | — | — | ||
| Q4 25 | 45.6% | 18.2% | ||
| Q3 25 | 46.3% | 18.2% | ||
| Q2 25 | 48.5% | 21.0% | ||
| Q1 25 | 47.9% | 15.7% | ||
| Q4 24 | 48.8% | 16.5% | ||
| Q3 24 | 49.6% | 17.1% | ||
| Q2 24 | 49.6% | 18.7% |
| Q1 26 | 31.8% | — | ||
| Q4 25 | 33.3% | 13.4% | ||
| Q3 25 | 34.7% | 13.4% | ||
| Q2 25 | 34.4% | 15.7% | ||
| Q1 25 | 34.1% | 13.3% | ||
| Q4 24 | 34.0% | 12.5% | ||
| Q3 24 | 35.0% | 12.7% | ||
| Q2 24 | 36.0% | 13.7% |
| Q1 26 | $2.15 | — | ||
| Q4 25 | $2.22 | $2.50 | ||
| Q3 25 | $1.94 | $2.45 | ||
| Q2 25 | $1.89 | $3.01 | ||
| Q1 25 | $1.81 | $2.21 | ||
| Q4 24 | $1.80 | $2.02 | ||
| Q3 24 | $1.93 | $2.06 | ||
| Q2 24 | $1.75 | $2.44 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $405.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.1B | $2.0B |
| Total Assets | $29.2B | $2.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $1.0B | $405.5M | ||
| Q3 25 | $2.6B | $457.7M | ||
| Q2 25 | $1.9B | $369.3M | ||
| Q1 25 | $2.0B | $336.8M | ||
| Q4 24 | $2.4B | $386.9M | ||
| Q3 24 | $2.6B | $303.9M | ||
| Q2 24 | $2.0B | $279.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $312.7M | — | ||
| Q1 25 | $377.4M | — | ||
| Q4 24 | $358.7M | — | ||
| Q3 24 | $313.5M | — | ||
| Q2 24 | $325.7M | — |
| Q1 26 | $3.1B | — | ||
| Q4 25 | $2.9B | $2.0B | ||
| Q3 25 | $2.8B | $2.0B | ||
| Q2 25 | $2.7B | $1.9B | ||
| Q1 25 | $2.6B | $1.8B | ||
| Q4 24 | $2.5B | $1.7B | ||
| Q3 24 | $2.4B | $1.7B | ||
| Q2 24 | $2.3B | $1.6B |
| Q1 26 | $29.2B | — | ||
| Q4 25 | $28.2B | $2.9B | ||
| Q3 25 | $27.4B | $2.7B | ||
| Q2 25 | $24.8B | $2.6B | ||
| Q1 25 | $24.0B | $2.5B | ||
| Q4 24 | $23.7B | $2.4B | ||
| Q3 24 | $23.6B | $2.4B | ||
| Q2 24 | $22.9B | $2.4B |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 0.12× | — | ||
| Q1 25 | 0.14× | — | ||
| Q4 24 | 0.14× | — | ||
| Q3 24 | 0.13× | — | ||
| Q2 24 | 0.14× | — |
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 | — | $154.7M |
| Free Cash FlowOCF − Capex | — | $140.3M |
| FCF MarginFCF / Revenue | — | 22.4% |
| Capex IntensityCapex / Revenue | — | 2.3% |
| Cash ConversionOCF / Net Profit | — | 1.85× |
| TTM Free Cash FlowTrailing 4 quarters | — | $356.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $104.1M | $154.7M | ||
| Q3 25 | $118.4M | $122.4M | ||
| Q2 25 | $490.3M | $69.7M | ||
| Q1 25 | $73.7M | $55.2M | ||
| Q4 24 | $162.5M | $139.5M | ||
| Q3 24 | $70.8M | $90.7M | ||
| Q2 24 | $305.5M | $85.3M |
| Q1 26 | — | — | ||
| Q4 25 | $85.4M | $140.3M | ||
| Q3 25 | $109.3M | $110.9M | ||
| Q2 25 | $436.1M | $59.5M | ||
| Q1 25 | $65.1M | $45.6M | ||
| Q4 24 | $156.4M | $127.5M | ||
| Q3 24 | $53.0M | $84.3M | ||
| Q2 24 | $269.5M | $78.5M |
| Q1 26 | — | — | ||
| Q4 25 | 22.2% | 22.4% | ||
| Q3 25 | 33.8% | 18.1% | ||
| Q2 25 | 135.7% | 9.2% | ||
| Q1 25 | 21.1% | 8.2% | ||
| Q4 24 | 50.8% | 23.6% | ||
| Q3 24 | 16.5% | 15.5% | ||
| Q2 24 | 92.6% | 13.1% |
| Q1 26 | — | — | ||
| Q4 25 | 4.9% | 2.3% | ||
| Q3 25 | 2.8% | 1.9% | ||
| Q2 25 | 16.9% | 1.6% | ||
| Q1 25 | 2.8% | 1.7% | ||
| Q4 24 | 2.0% | 2.2% | ||
| Q3 24 | 5.5% | 1.2% | ||
| Q2 24 | 12.4% | 1.1% |
| Q1 26 | — | — | ||
| Q4 25 | 0.81× | 1.85× | ||
| Q3 25 | 1.05× | 1.49× | ||
| Q2 25 | 4.43× | 0.69× | ||
| Q1 25 | 0.70× | 0.75× | ||
| Q4 24 | 1.55× | 2.07× | ||
| Q3 24 | 0.63× | 1.31× | ||
| Q2 24 | 2.91× | 1.04× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AX
| Net Interest Income | $306.3M | 78% |
| Noninterest Income | $86.0M | 22% |
WTS
Segment breakdown not available.
