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Side-by-side financial comparison of Evergy (EVRG) and WATTS WATER TECHNOLOGIES INC (WTS). Click either name above to swap in a different company.
Evergy is the larger business by last-quarter revenue ($1.3B vs $677.3M, roughly 1.9× WATTS WATER TECHNOLOGIES INC). WATTS WATER TECHNOLOGIES INC runs the higher net margin — 14.7% vs 6.5%, a 8.2% gap on every dollar of revenue. On growth, WATTS WATER TECHNOLOGIES INC posted the faster year-over-year revenue change (21.4% vs 5.3%). WATTS WATER TECHNOLOGIES INC produced more free cash flow last quarter ($6.6M vs $-530.5M). Over the past eight quarters, WATTS WATER TECHNOLOGIES INC's revenue compounded faster (6.5% CAGR vs 0.4%).
Evergy, Inc. is an American investor-owned utility (IOU) with publicly traded stock with headquarters in Topeka, Kansas, and in Kansas City, Missouri. The company was formed from a merger of Westar Energy of Topeka and Great Plains Energy of Kansas City, parent company of Kansas City Power & Light. Evergy is the largest electric company in Kansas, serving more than 1.7 million residential, commercial and industrial customers in Kansas and Missouri.
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...
EVRG vs WTS — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.3B | $677.3M |
| Net Profit | $84.3M | $99.6M |
| Gross Margin | — | 48.1% |
| Operating Margin | 18.5% | 19.6% |
| Net Margin | 6.5% | 14.7% |
| Revenue YoY | 5.3% | 21.4% |
| Net Profit YoY | 7.8% | 34.6% |
| EPS (diluted) | $0.35 | $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 | $1.3B | $625.1M | ||
| Q3 25 | $1.8B | $611.7M | ||
| Q2 25 | $1.4B | $643.7M | ||
| Q1 25 | $1.3B | $558.0M | ||
| Q4 24 | $1.2B | $540.4M | ||
| Q3 24 | $1.8B | $543.6M | ||
| Q2 24 | $1.4B | $597.3M |
| Q1 26 | — | $99.6M | ||
| Q4 25 | $84.3M | $83.7M | ||
| Q3 25 | $475.0M | $82.2M | ||
| Q2 25 | $171.3M | $100.9M | ||
| Q1 25 | $125.0M | $74.0M | ||
| Q4 24 | $78.2M | $67.5M | ||
| Q3 24 | $465.6M | $69.1M | ||
| Q2 24 | $207.0M | $82.0M |
| Q1 26 | — | 48.1% | ||
| 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 | — | 19.6% | ||
| Q4 25 | 18.5% | 18.2% | ||
| Q3 25 | 37.3% | 18.2% | ||
| Q2 25 | 25.4% | 21.0% | ||
| Q1 25 | 22.5% | 15.7% | ||
| Q4 24 | 18.1% | 16.5% | ||
| Q3 24 | 35.1% | 17.1% | ||
| Q2 24 | 25.4% | 18.7% |
| Q1 26 | — | 14.7% | ||
| Q4 25 | 6.5% | 13.4% | ||
| Q3 25 | 26.9% | 13.4% | ||
| Q2 25 | 12.6% | 15.7% | ||
| Q1 25 | 9.7% | 13.3% | ||
| Q4 24 | 6.4% | 12.5% | ||
| Q3 24 | 26.0% | 12.7% | ||
| Q2 24 | 14.7% | 13.7% |
| Q1 26 | — | $2.97 | ||
| Q4 25 | $0.35 | $2.50 | ||
| Q3 25 | $2.03 | $2.45 | ||
| Q2 25 | $0.74 | $3.01 | ||
| Q1 25 | $0.54 | $2.21 | ||
| Q4 24 | $0.34 | $2.02 | ||
| Q3 24 | $2.02 | $2.06 | ||
| Q2 24 | $0.90 | $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 | $19.8M | $374.7M |
| Total DebtLower is stronger | — | $197.8M |
| Stockholders' EquityBook value | $10.2B | $2.1B |
| Total Assets | $33.9B | $2.9B |
| Debt / EquityLower = less leverage | — | 0.09× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $374.7M | ||
| Q4 25 | $19.8M | $405.5M | ||
| Q3 25 | $27.5M | $457.7M | ||
| Q2 25 | $27.8M | $369.3M | ||
| Q1 25 | $35.3M | $336.8M | ||
| Q4 24 | $22.0M | $386.9M | ||
| Q3 24 | $34.6M | $303.9M | ||
| Q2 24 | $26.1M | $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 | $10.2B | $2.0B | ||
| Q3 25 | $10.3B | $2.0B | ||
| Q2 25 | $10.0B | $1.9B | ||
| Q1 25 | $9.9B | $1.8B | ||
| Q4 24 | $10.0B | $1.7B | ||
| Q3 24 | $10.0B | $1.7B | ||
| Q2 24 | $9.7B | $1.6B |
| Q1 26 | — | $2.9B | ||
| Q4 25 | $33.9B | $2.9B | ||
| Q3 25 | $33.4B | $2.7B | ||
| Q2 25 | $32.9B | $2.6B | ||
| Q1 25 | $32.5B | $2.5B | ||
| Q4 24 | $32.3B | $2.4B | ||
| Q3 24 | $32.1B | $2.4B | ||
| Q2 24 | $31.8B | $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 | $334.0M | $17.9M |
| Free Cash FlowOCF − Capex | $-530.5M | $6.6M |
| FCF MarginFCF / Revenue | -41.1% | 1.0% |
| Capex IntensityCapex / Revenue | 66.9% | — |
| Cash ConversionOCF / Net Profit | 3.96× | 0.18× |
| TTM Free Cash FlowTrailing 4 quarters | $-751.7M | $317.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $17.9M | ||
| Q4 25 | $334.0M | $154.7M | ||
| Q3 25 | $937.7M | $122.4M | ||
| Q2 25 | $323.9M | $69.7M | ||
| Q1 25 | $449.6M | $55.2M | ||
| Q4 24 | $395.6M | $139.5M | ||
| Q3 24 | $953.3M | $90.7M | ||
| Q2 24 | $317.5M | $85.3M |
| Q1 26 | — | $6.6M | ||
| Q4 25 | $-530.5M | $140.3M | ||
| Q3 25 | $225.4M | $110.9M | ||
| Q2 25 | $-303.4M | $59.5M | ||
| Q1 25 | $-143.2M | $45.6M | ||
| Q4 24 | $-118.6M | $127.5M | ||
| Q3 24 | $427.0M | $84.3M | ||
| Q2 24 | $-360.0M | $78.5M |
| Q1 26 | — | 1.0% | ||
| Q4 25 | -41.1% | 22.4% | ||
| Q3 25 | 12.8% | 18.1% | ||
| Q2 25 | -22.4% | 9.2% | ||
| Q1 25 | -11.1% | 8.2% | ||
| Q4 24 | -9.7% | 23.6% | ||
| Q3 24 | 23.9% | 15.5% | ||
| Q2 24 | -25.6% | 13.1% |
| Q1 26 | — | — | ||
| Q4 25 | 66.9% | 2.3% | ||
| Q3 25 | 40.4% | 1.9% | ||
| Q2 25 | 46.3% | 1.6% | ||
| Q1 25 | 45.8% | 1.7% | ||
| Q4 24 | 41.9% | 2.2% | ||
| Q3 24 | 29.4% | 1.2% | ||
| Q2 24 | 48.1% | 1.1% |
| Q1 26 | — | 0.18× | ||
| Q4 25 | 3.96× | 1.85× | ||
| Q3 25 | 1.97× | 1.49× | ||
| Q2 25 | 1.89× | 0.69× | ||
| Q1 25 | 3.60× | 0.75× | ||
| Q4 24 | 5.06× | 2.07× | ||
| Q3 24 | 2.05× | 1.31× | ||
| Q2 24 | 1.53× | 1.04× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EVRG
| Electric Utility Customer Class Residential | $462.9M | 36% |
| Electric Utility Customer Class Commercial | $447.6M | 35% |
| Electric Utility Customer Class Industrial | $164.1M | 13% |
| Electric Utility Customer Class Transmission | $129.4M | 10% |
| Electric Utility Customer Class Wholesale | $69.7M | 5% |
| Electric Utility Customer Class Other Retail | $12.2M | 1% |
| Electric Utility Customer Class Industrial Steam | $5.7M | 0% |
WTS
| segment net | $517.8M | 76% |
| Other | $159.5M | 24% |
