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Side-by-side financial comparison of DELUXE CORP (DLX) 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 ($677.3M vs $535.2M, roughly 1.3× DELUXE CORP). WATTS WATER TECHNOLOGIES INC runs the higher net margin — 14.7% vs 2.2%, a 12.5% gap on every dollar of revenue. On growth, WATTS WATER TECHNOLOGIES INC posted the faster year-over-year revenue change (21.4% vs 2.8%). Over the past eight quarters, WATTS WATER TECHNOLOGIES INC's revenue compounded faster (6.5% CAGR vs 0.0%).
Deluxe Corporation is an American company that provides payment processing, data services, checks and promotional products, and merchant services. It operates in four divisions: B2B payments, data, print, and merchant services. As of 2025, the company serves millions of small businesses and thousands of financial institutions, processing more than $2.8 trillion in payments annually. While its legacy business centers on check printing and other printed products, payments and data services now ...
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...
DLX vs WTS — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $535.2M | $677.3M |
| Net Profit | $12.0M | $99.6M |
| Gross Margin | 52.2% | 48.1% |
| Operating Margin | 8.9% | 19.6% |
| Net Margin | 2.2% | 14.7% |
| Revenue YoY | 2.8% | 21.4% |
| Net Profit YoY | -5.0% | 34.6% |
| EPS (diluted) | $0.25 | $2.97 |
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 | — | $677.3M | ||
| Q4 25 | $535.2M | $625.1M | ||
| Q3 25 | $540.2M | $611.7M | ||
| Q2 25 | $521.3M | $643.7M | ||
| Q1 25 | $536.5M | $558.0M | ||
| Q4 24 | $520.6M | $540.4M | ||
| Q3 24 | $528.4M | $543.6M | ||
| Q2 24 | $537.8M | $597.3M |
| Q1 26 | — | $99.6M | ||
| Q4 25 | $12.0M | $83.7M | ||
| Q3 25 | $33.7M | $82.2M | ||
| Q2 25 | $22.4M | $100.9M | ||
| Q1 25 | $14.0M | $74.0M | ||
| Q4 24 | $12.6M | $67.5M | ||
| Q3 24 | $8.9M | $69.1M | ||
| Q2 24 | $20.5M | $82.0M |
| Q1 26 | — | 48.1% | ||
| Q4 25 | 52.2% | 49.5% | ||
| Q3 25 | 53.9% | 48.8% | ||
| Q2 25 | 53.6% | 50.6% | ||
| Q1 25 | 52.4% | 48.8% | ||
| Q4 24 | 52.3% | 46.7% | ||
| Q3 24 | 53.3% | 47.3% | ||
| Q2 24 | 53.7% | 47.7% |
| Q1 26 | — | 19.6% | ||
| Q4 25 | 8.9% | 18.2% | ||
| Q3 25 | 14.0% | 18.2% | ||
| Q2 25 | 11.7% | 21.0% | ||
| Q1 25 | 9.0% | 15.7% | ||
| Q4 24 | 9.0% | 16.5% | ||
| Q3 24 | 7.9% | 17.1% | ||
| Q2 24 | 11.0% | 18.7% |
| Q1 26 | — | 14.7% | ||
| Q4 25 | 2.2% | 13.4% | ||
| Q3 25 | 6.2% | 13.4% | ||
| Q2 25 | 4.3% | 15.7% | ||
| Q1 25 | 2.6% | 13.3% | ||
| Q4 24 | 2.4% | 12.5% | ||
| Q3 24 | 1.7% | 12.7% | ||
| Q2 24 | 3.8% | 13.7% |
| Q1 26 | — | $2.97 | ||
| Q4 25 | $0.25 | $2.50 | ||
| Q3 25 | $0.74 | $2.45 | ||
| Q2 25 | $0.50 | $3.01 | ||
| Q1 25 | $0.31 | $2.21 | ||
| Q4 24 | $0.28 | $2.02 | ||
| Q3 24 | $0.20 | $2.06 | ||
| Q2 24 | $0.46 | $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 | $36.9M | $374.7M |
| Total DebtLower is stronger | — | $197.8M |
| Stockholders' EquityBook value | $680.7M | $2.1B |
| Total Assets | $2.9B | $2.9B |
| Debt / EquityLower = less leverage | — | 0.09× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $374.7M | ||
| Q4 25 | $36.9M | $405.5M | ||
| Q3 25 | $25.8M | $457.7M | ||
| Q2 25 | $26.0M | $369.3M | ||
| Q1 25 | $30.3M | $336.8M | ||
| Q4 24 | $34.4M | $386.9M | ||
| Q3 24 | $41.3M | $303.9M | ||
| Q2 24 | $23.1M | $279.4M |
| Q1 26 | — | $197.8M | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $2.1B | ||
| Q4 25 | $680.7M | $2.0B | ||
| Q3 25 | $664.1M | $2.0B | ||
| Q2 25 | $638.7M | $1.9B | ||
| Q1 25 | $622.5M | $1.8B | ||
| Q4 24 | $620.9M | $1.7B | ||
| Q3 24 | $612.7M | $1.7B | ||
| Q2 24 | $620.5M | $1.6B |
| Q1 26 | — | $2.9B | ||
| Q4 25 | $2.9B | $2.9B | ||
| Q3 25 | $2.6B | $2.7B | ||
| Q2 25 | $2.5B | $2.6B | ||
| Q1 25 | $2.6B | $2.5B | ||
| Q4 24 | $2.8B | $2.4B | ||
| Q3 24 | $2.6B | $2.4B | ||
| Q2 24 | $2.7B | $2.4B |
| Q1 26 | — | 0.09× | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 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 | $102.1M | $17.9M |
| Free Cash FlowOCF − Capex | — | $6.6M |
| FCF MarginFCF / Revenue | — | 1.0% |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 8.53× | 0.18× |
| TTM Free Cash FlowTrailing 4 quarters | — | $317.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $17.9M | ||
| Q4 25 | $102.1M | $154.7M | ||
| Q3 25 | $67.1M | $122.4M | ||
| Q2 25 | $51.1M | $69.7M | ||
| Q1 25 | $50.3M | $55.2M | ||
| Q4 24 | $60.2M | $139.5M | ||
| Q3 24 | $67.9M | $90.7M | ||
| Q2 24 | $39.6M | $85.3M |
| Q1 26 | — | $6.6M | ||
| Q4 25 | — | $140.3M | ||
| Q3 25 | — | $110.9M | ||
| Q2 25 | $27.8M | $59.5M | ||
| Q1 25 | $24.3M | $45.6M | ||
| Q4 24 | — | $127.5M | ||
| Q3 24 | $46.7M | $84.3M | ||
| Q2 24 | $11.4M | $78.5M |
| Q1 26 | — | 1.0% | ||
| Q4 25 | — | 22.4% | ||
| Q3 25 | — | 18.1% | ||
| Q2 25 | 5.3% | 9.2% | ||
| Q1 25 | 4.5% | 8.2% | ||
| Q4 24 | — | 23.6% | ||
| Q3 24 | 8.8% | 15.5% | ||
| Q2 24 | 2.1% | 13.1% |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.3% | ||
| Q3 25 | — | 1.9% | ||
| Q2 25 | 4.5% | 1.6% | ||
| Q1 25 | 4.8% | 1.7% | ||
| Q4 24 | — | 2.2% | ||
| Q3 24 | 4.0% | 1.2% | ||
| Q2 24 | 5.2% | 1.1% |
| Q1 26 | — | 0.18× | ||
| Q4 25 | 8.53× | 1.85× | ||
| Q3 25 | 1.99× | 1.49× | ||
| Q2 25 | 2.28× | 0.69× | ||
| Q1 25 | 3.59× | 0.75× | ||
| Q4 24 | 4.77× | 2.07× | ||
| Q3 24 | 7.60× | 1.31× | ||
| Q2 24 | 1.94× | 1.04× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DLX
| Services | $247.9M | 46% |
| B2B Payments | $76.3M | 14% |
| Datadrivenmarketingsolutions | $68.5M | 13% |
| Promotional Solutions Revenue | $60.9M | 11% |
| Treasurymanagementsolutions | $59.8M | 11% |
| Other | $17.3M | 3% |
| Other Web Based Solutions | $4.6M | 1% |
WTS
| segment net | $517.8M | 76% |
| Other | $159.5M | 24% |
