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Side-by-side financial comparison of COMERICA INC (CMA) and WATTS WATER TECHNOLOGIES INC (WTS). Click either name above to swap in a different company.

COMERICA INC is the larger business by last-quarter revenue ($838.0M vs $625.1M, roughly 1.3× WATTS WATER TECHNOLOGIES INC). COMERICA INC runs the higher net margin — 21.0% vs 13.4%, a 7.6% gap on every dollar of revenue. On growth, WATTS WATER TECHNOLOGIES INC posted the faster year-over-year revenue change (15.7% vs 3.3%). Over the past eight quarters, COMERICA INC's revenue compounded faster (108.9% CAGR vs 4.6%).

Comerica Incorporated is an American financial services company, headquartered in Dallas, Texas. It is the parent of Comerica Bank, a regional commercial bank with 413 branches in the U.S. states of Texas, Michigan, California, Florida and Arizona. Comerica is among the largest U.S. financial holding companies, with offices in a number of U.S. cities.

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...

CMA vs WTS — Head-to-Head

Bigger by revenue
CMA
CMA
1.3× larger
CMA
$838.0M
$625.1M
WTS
Growing faster (revenue YoY)
WTS
WTS
+12.3% gap
WTS
15.7%
3.3%
CMA
Higher net margin
CMA
CMA
7.6% more per $
CMA
21.0%
13.4%
WTS
Faster 2-yr revenue CAGR
CMA
CMA
Annualised
CMA
108.9%
4.6%
WTS

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
CMA
CMA
WTS
WTS
Revenue
$838.0M
$625.1M
Net Profit
$176.0M
$83.7M
Gross Margin
49.5%
Operating Margin
18.2%
Net Margin
21.0%
13.4%
Revenue YoY
3.3%
15.7%
Net Profit YoY
-4.3%
24.0%
EPS (diluted)
$1.35
$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.

Revenue
CMA
CMA
WTS
WTS
Q4 25
$625.1M
Q3 25
$838.0M
$611.7M
Q2 25
$849.0M
$643.7M
Q1 25
$829.0M
$558.0M
Q4 24
$825.0M
$540.4M
Q3 24
$811.0M
$543.6M
Q2 24
$824.0M
$597.3M
Q1 24
$784.0M
$570.9M
Net Profit
CMA
CMA
WTS
WTS
Q4 25
$83.7M
Q3 25
$176.0M
$82.2M
Q2 25
$199.0M
$100.9M
Q1 25
$172.0M
$74.0M
Q4 24
$170.0M
$67.5M
Q3 24
$184.0M
$69.1M
Q2 24
$206.0M
$82.0M
Q1 24
$138.0M
$72.6M
Gross Margin
CMA
CMA
WTS
WTS
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 24
46.9%
Operating Margin
CMA
CMA
WTS
WTS
Q4 25
18.2%
Q3 25
18.2%
Q2 25
21.0%
Q1 25
15.7%
Q4 24
16.5%
Q3 24
17.1%
Q2 24
18.7%
Q1 24
16.9%
Net Margin
CMA
CMA
WTS
WTS
Q4 25
13.4%
Q3 25
21.0%
13.4%
Q2 25
23.4%
15.7%
Q1 25
20.7%
13.3%
Q4 24
20.6%
12.5%
Q3 24
22.7%
12.7%
Q2 24
25.0%
13.7%
Q1 24
17.6%
12.7%
EPS (diluted)
CMA
CMA
WTS
WTS
Q4 25
$2.50
Q3 25
$1.35
$2.45
Q2 25
$1.42
$3.01
Q1 25
$1.25
$2.21
Q4 24
$1.22
$2.02
Q3 24
$1.33
$2.06
Q2 24
$1.49
$2.44
Q1 24
$0.98
$2.17

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CMA
CMA
WTS
WTS
Cash + ST InvestmentsLiquidity on hand
$405.5M
Total DebtLower is stronger
$5.4B
Stockholders' EquityBook value
$7.4B
$2.0B
Total Assets
$77.4B
$2.9B
Debt / EquityLower = less leverage
0.73×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CMA
CMA
WTS
WTS
Q4 25
$405.5M
Q3 25
$457.7M
Q2 25
$369.3M
Q1 25
$336.8M
Q4 24
$386.9M
Q3 24
$303.9M
Q2 24
$279.4M
Q1 24
$237.1M
Total Debt
CMA
CMA
WTS
WTS
Q4 25
Q3 25
$5.4B
Q2 25
$5.8B
Q1 25
$5.7B
Q4 24
$6.7B
Q3 24
$6.8B
Q2 24
$7.1B
Q1 24
$7.1B
Stockholders' Equity
CMA
CMA
WTS
WTS
Q4 25
$2.0B
Q3 25
$7.4B
$2.0B
Q2 25
$6.9B
$1.9B
Q1 25
$7.1B
$1.8B
Q4 24
$6.5B
$1.7B
Q3 24
$7.4B
$1.7B
Q2 24
$6.2B
$1.6B
Q1 24
$6.0B
$1.6B
Total Assets
CMA
CMA
WTS
WTS
Q4 25
$2.9B
Q3 25
$77.4B
$2.7B
Q2 25
$78.0B
$2.6B
Q1 25
$77.6B
$2.5B
Q4 24
$79.3B
$2.4B
Q3 24
$79.7B
$2.4B
Q2 24
$79.6B
$2.4B
Q1 24
$79.4B
$2.3B
Debt / Equity
CMA
CMA
WTS
WTS
Q4 25
Q3 25
0.73×
Q2 25
0.84×
Q1 25
0.81×
Q4 24
1.02×
Q3 24
0.92×
Q2 24
1.15×
Q1 24
1.18×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CMA
CMA
WTS
WTS
Operating Cash FlowLast quarter
$-270.0M
$154.7M
Free Cash FlowOCF − Capex
$140.3M
FCF MarginFCF / Revenue
22.4%
Capex IntensityCapex / Revenue
2.3%
Cash ConversionOCF / Net Profit
-1.53×
1.85×
TTM Free Cash FlowTrailing 4 quarters
$356.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CMA
CMA
WTS
WTS
Q4 25
$154.7M
Q3 25
$-270.0M
$122.4M
Q2 25
$476.0M
$69.7M
Q1 25
$273.0M
$55.2M
Q4 24
$601.0M
$139.5M
Q3 24
$1.0B
$90.7M
Q2 24
$111.0M
$85.3M
Q1 24
$-205.0M
$45.6M
Free Cash Flow
CMA
CMA
WTS
WTS
Q4 25
$140.3M
Q3 25
$110.9M
Q2 25
$59.5M
Q1 25
$45.6M
Q4 24
$127.5M
Q3 24
$84.3M
Q2 24
$78.5M
Q1 24
$35.5M
FCF Margin
CMA
CMA
WTS
WTS
Q4 25
22.4%
Q3 25
18.1%
Q2 25
9.2%
Q1 25
8.2%
Q4 24
23.6%
Q3 24
15.5%
Q2 24
13.1%
Q1 24
6.2%
Capex Intensity
CMA
CMA
WTS
WTS
Q4 25
2.3%
Q3 25
1.9%
Q2 25
1.6%
Q1 25
1.7%
Q4 24
2.2%
Q3 24
1.2%
Q2 24
1.1%
Q1 24
1.8%
Cash Conversion
CMA
CMA
WTS
WTS
Q4 25
1.85×
Q3 25
-1.53×
1.49×
Q2 25
2.39×
0.69×
Q1 25
1.59×
0.75×
Q4 24
3.54×
2.07×
Q3 24
5.70×
1.31×
Q2 24
0.54×
1.04×
Q1 24
-1.49×
0.63×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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