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Side-by-side financial comparison of CARTERS INC (CRI) and WATTS WATER TECHNOLOGIES INC (WTS). Click either name above to swap in a different company.
CARTERS INC is the larger business by last-quarter revenue ($757.8M vs $625.1M, roughly 1.2× WATTS WATER TECHNOLOGIES INC). WATTS WATER TECHNOLOGIES INC runs the higher net margin — 13.4% vs 1.5%, a 11.9% gap on every dollar of revenue. On growth, WATTS WATER TECHNOLOGIES INC posted the faster year-over-year revenue change (15.7% vs -0.1%). WATTS WATER TECHNOLOGIES INC produced more free cash flow last quarter ($140.3M vs $-144.1M).
Carter's, Inc. is a major American designer and marketer of children's apparel. It was founded in 1865 by William Carter.
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...
CRI vs WTS — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $757.8M | $625.1M |
| Net Profit | $11.6M | $83.7M |
| Gross Margin | 45.1% | 49.5% |
| Operating Margin | 3.8% | 18.2% |
| Net Margin | 1.5% | 13.4% |
| Revenue YoY | -0.1% | 15.7% |
| Net Profit YoY | -80.1% | 24.0% |
| EPS (diluted) | $0.32 | $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 | — | $625.1M | ||
| Q3 25 | $757.8M | $611.7M | ||
| Q2 25 | $585.3M | $643.7M | ||
| Q1 25 | $629.8M | $558.0M | ||
| Q4 24 | — | $540.4M | ||
| Q3 24 | — | $543.6M | ||
| Q2 24 | — | $597.3M | ||
| Q1 24 | — | $570.9M |
| Q4 25 | — | $83.7M | ||
| Q3 25 | $11.6M | $82.2M | ||
| Q2 25 | $446.0K | $100.9M | ||
| Q1 25 | $15.5M | $74.0M | ||
| Q4 24 | — | $67.5M | ||
| Q3 24 | — | $69.1M | ||
| Q2 24 | — | $82.0M | ||
| Q1 24 | — | $72.6M |
| Q4 25 | — | 49.5% | ||
| Q3 25 | 45.1% | 48.8% | ||
| Q2 25 | 48.1% | 50.6% | ||
| Q1 25 | 46.2% | 48.8% | ||
| Q4 24 | — | 46.7% | ||
| Q3 24 | — | 47.3% | ||
| Q2 24 | — | 47.7% | ||
| Q1 24 | — | 46.9% |
| Q4 25 | — | 18.2% | ||
| Q3 25 | 3.8% | 18.2% | ||
| Q2 25 | 0.7% | 21.0% | ||
| Q1 25 | 4.1% | 15.7% | ||
| Q4 24 | — | 16.5% | ||
| Q3 24 | — | 17.1% | ||
| Q2 24 | — | 18.7% | ||
| Q1 24 | — | 16.9% |
| Q4 25 | — | 13.4% | ||
| Q3 25 | 1.5% | 13.4% | ||
| Q2 25 | 0.1% | 15.7% | ||
| Q1 25 | 2.5% | 13.3% | ||
| Q4 24 | — | 12.5% | ||
| Q3 24 | — | 12.7% | ||
| Q2 24 | — | 13.7% | ||
| Q1 24 | — | 12.7% |
| Q4 25 | — | $2.50 | ||
| Q3 25 | $0.32 | $2.45 | ||
| Q2 25 | $0.01 | $3.01 | ||
| Q1 25 | $0.43 | $2.21 | ||
| Q4 24 | — | $2.02 | ||
| Q3 24 | — | $2.06 | ||
| Q2 24 | — | $2.44 | ||
| Q1 24 | — | $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 | $184.2M | $405.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $864.6M | $2.0B |
| Total Assets | $2.5B | $2.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $405.5M | ||
| Q3 25 | $184.2M | $457.7M | ||
| Q2 25 | $338.2M | $369.3M | ||
| Q1 25 | $320.8M | $336.8M | ||
| Q4 24 | — | $386.9M | ||
| Q3 24 | — | $303.9M | ||
| Q2 24 | — | $279.4M | ||
| Q1 24 | — | $237.1M |
| Q4 25 | — | $2.0B | ||
| Q3 25 | $864.6M | $2.0B | ||
| Q2 25 | $853.9M | $1.9B | ||
| Q1 25 | $847.2M | $1.8B | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | — | $1.7B | ||
| Q2 24 | — | $1.6B | ||
| Q1 24 | — | $1.6B |
| Q4 25 | — | $2.9B | ||
| Q3 25 | $2.5B | $2.7B | ||
| Q2 25 | $2.5B | $2.6B | ||
| Q1 25 | $2.3B | $2.5B | ||
| Q4 24 | — | $2.4B | ||
| Q3 24 | — | $2.4B | ||
| Q2 24 | — | $2.4B | ||
| Q1 24 | — | $2.3B |
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 | $-128.0M | $154.7M |
| Free Cash FlowOCF − Capex | $-144.1M | $140.3M |
| FCF MarginFCF / Revenue | -19.0% | 22.4% |
| Capex IntensityCapex / Revenue | 2.1% | 2.3% |
| Cash ConversionOCF / Net Profit | -11.04× | 1.85× |
| TTM Free Cash FlowTrailing 4 quarters | — | $356.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $154.7M | ||
| Q3 25 | $-128.0M | $122.4M | ||
| Q2 25 | $40.3M | $69.7M | ||
| Q1 25 | $-48.6M | $55.2M | ||
| Q4 24 | — | $139.5M | ||
| Q3 24 | — | $90.7M | ||
| Q2 24 | — | $85.3M | ||
| Q1 24 | — | $45.6M |
| Q4 25 | — | $140.3M | ||
| Q3 25 | $-144.1M | $110.9M | ||
| Q2 25 | $24.1M | $59.5M | ||
| Q1 25 | $-59.0M | $45.6M | ||
| Q4 24 | — | $127.5M | ||
| Q3 24 | — | $84.3M | ||
| Q2 24 | — | $78.5M | ||
| Q1 24 | — | $35.5M |
| Q4 25 | — | 22.4% | ||
| Q3 25 | -19.0% | 18.1% | ||
| Q2 25 | 4.1% | 9.2% | ||
| Q1 25 | -9.4% | 8.2% | ||
| Q4 24 | — | 23.6% | ||
| Q3 24 | — | 15.5% | ||
| Q2 24 | — | 13.1% | ||
| Q1 24 | — | 6.2% |
| Q4 25 | — | 2.3% | ||
| Q3 25 | 2.1% | 1.9% | ||
| Q2 25 | 2.8% | 1.6% | ||
| Q1 25 | 1.6% | 1.7% | ||
| Q4 24 | — | 2.2% | ||
| Q3 24 | — | 1.2% | ||
| Q2 24 | — | 1.1% | ||
| Q1 24 | — | 1.8% |
| Q4 25 | — | 1.85× | ||
| Q3 25 | -11.04× | 1.49× | ||
| Q2 25 | 90.37× | 0.69× | ||
| Q1 25 | -3.13× | 0.75× | ||
| Q4 24 | — | 2.07× | ||
| Q3 24 | — | 1.31× | ||
| Q2 24 | — | 1.04× | ||
| Q1 24 | — | 0.63× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CRI
| Sales Channel Directly To Consumer | $362.3M | 48% |
| Sales Channel Through Intermediary | $283.8M | 37% |
| Other | $110.4M | 15% |
| Gift Cards | $1.3M | 0% |
WTS
Segment breakdown not available.
