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Side-by-side financial comparison of EZCORP INC (EZPW) 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 $382.0M, roughly 1.6× EZCORP INC). WATTS WATER TECHNOLOGIES INC runs the higher net margin — 13.4% vs 11.6%, a 1.8% gap on every dollar of revenue. On growth, EZCORP INC posted the faster year-over-year revenue change (19.3% vs 15.7%). WATTS WATER TECHNOLOGIES INC produced more free cash flow last quarter ($140.3M vs $31.7M). Over the past eight quarters, EZCORP INC's revenue compounded faster (15.6% CAGR vs 4.6%).
EZCORP, Inc. is an American pawn shop operator based in Austin, Texas which provides services across the United States and Latin America. It is a publicly traded company listed on the NASDAQ stock exchange and is the second largest pawn shop operator in the U.S. after Cash America International.
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...
EZPW vs WTS — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $382.0M | $625.1M |
| Net Profit | $44.3M | $83.7M |
| Gross Margin | 58.4% | 49.5% |
| Operating Margin | 15.9% | 18.2% |
| Net Margin | 11.6% | 13.4% |
| Revenue YoY | 19.3% | 15.7% |
| Net Profit YoY | 42.8% | 24.0% |
| EPS (diluted) | $0.55 | $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 | $382.0M | $625.1M | ||
| Q3 25 | $336.8M | $611.7M | ||
| Q2 25 | $311.0M | $643.7M | ||
| Q1 25 | $306.3M | $558.0M | ||
| Q4 24 | $320.2M | $540.4M | ||
| Q3 24 | $294.6M | $543.6M | ||
| Q2 24 | $281.4M | $597.3M | ||
| Q1 24 | $285.6M | $570.9M |
| Q4 25 | $44.3M | $83.7M | ||
| Q3 25 | $26.7M | $82.2M | ||
| Q2 25 | $26.5M | $100.9M | ||
| Q1 25 | $25.4M | $74.0M | ||
| Q4 24 | $31.0M | $67.5M | ||
| Q3 24 | $15.2M | $69.1M | ||
| Q2 24 | $17.9M | $82.0M | ||
| Q1 24 | $21.5M | $72.6M |
| Q4 25 | 58.4% | 49.5% | ||
| Q3 25 | 59.0% | 48.8% | ||
| Q2 25 | 59.1% | 50.6% | ||
| Q1 25 | 58.3% | 48.8% | ||
| Q4 24 | 57.9% | 46.7% | ||
| Q3 24 | 59.5% | 47.3% | ||
| Q2 24 | 59.2% | 47.7% | ||
| Q1 24 | 58.7% | 46.9% |
| Q4 25 | 15.9% | 18.2% | ||
| Q3 25 | 11.0% | 18.2% | ||
| Q2 25 | 11.6% | 21.0% | ||
| Q1 25 | 11.2% | 15.7% | ||
| Q4 24 | 13.1% | 16.5% | ||
| Q3 24 | 8.8% | 17.1% | ||
| Q2 24 | 7.9% | 18.7% | ||
| Q1 24 | 9.6% | 16.9% |
| Q4 25 | 11.6% | 13.4% | ||
| Q3 25 | 7.9% | 13.4% | ||
| Q2 25 | 8.5% | 15.7% | ||
| Q1 25 | 8.3% | 13.3% | ||
| Q4 24 | 9.7% | 12.5% | ||
| Q3 24 | 5.2% | 12.7% | ||
| Q2 24 | 6.4% | 13.7% | ||
| Q1 24 | 7.5% | 12.7% |
| Q4 25 | $0.55 | $2.50 | ||
| Q3 25 | $0.35 | $2.45 | ||
| Q2 25 | $0.34 | $3.01 | ||
| Q1 25 | $0.33 | $2.21 | ||
| Q4 24 | $0.40 | $2.02 | ||
| Q3 24 | $0.20 | $2.06 | ||
| Q2 24 | $0.25 | $2.44 | ||
| Q1 24 | $0.29 | $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 | $465.9M | $405.5M |
| Total DebtLower is stronger | $518.6M | — |
| Stockholders' EquityBook value | $1.1B | $2.0B |
| Total Assets | $2.0B | $2.9B |
| Debt / EquityLower = less leverage | 0.48× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $465.9M | $405.5M | ||
| Q3 25 | $469.5M | $457.7M | ||
| Q2 25 | $472.1M | $369.3M | ||
| Q1 25 | $505.2M | $336.8M | ||
| Q4 24 | $174.5M | $386.9M | ||
| Q3 24 | $170.5M | $303.9M | ||
| Q2 24 | $218.0M | $279.4M | ||
| Q1 24 | $229.1M | $237.1M |
| Q4 25 | $518.6M | — | ||
| Q3 25 | $518.1M | — | ||
| Q2 25 | $517.6M | — | ||
| Q1 25 | $620.5M | — | ||
| Q4 24 | $327.7M | — | ||
| Q3 24 | $327.3M | — | ||
| Q2 24 | $361.3M | — | ||
| Q1 24 | $360.9M | — |
| Q4 25 | $1.1B | $2.0B | ||
| Q3 25 | $1.0B | $2.0B | ||
| Q2 25 | $990.1M | $1.9B | ||
| Q1 25 | $851.6M | $1.8B | ||
| Q4 24 | $823.9M | $1.7B | ||
| Q3 24 | $804.6M | $1.7B | ||
| Q2 24 | $801.5M | $1.6B | ||
| Q1 24 | $800.4M | $1.6B |
| Q4 25 | $2.0B | $2.9B | ||
| Q3 25 | $2.0B | $2.7B | ||
| Q2 25 | $1.9B | $2.6B | ||
| Q1 25 | $1.8B | $2.5B | ||
| Q4 24 | $1.5B | $2.4B | ||
| Q3 24 | $1.5B | $2.4B | ||
| Q2 24 | $1.5B | $2.4B | ||
| Q1 24 | $1.5B | $2.3B |
| Q4 25 | 0.48× | — | ||
| Q3 25 | 0.51× | — | ||
| Q2 25 | 0.52× | — | ||
| Q1 25 | 0.73× | — | ||
| Q4 24 | 0.40× | — | ||
| Q3 24 | 0.41× | — | ||
| Q2 24 | 0.45× | — | ||
| Q1 24 | 0.45× | — |
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 | $39.1M | $154.7M |
| Free Cash FlowOCF − Capex | $31.7M | $140.3M |
| FCF MarginFCF / Revenue | 8.3% | 22.4% |
| Capex IntensityCapex / Revenue | 2.0% | 2.3% |
| Cash ConversionOCF / Net Profit | 0.88× | 1.85× |
| TTM Free Cash FlowTrailing 4 quarters | $121.7M | $356.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $39.1M | $154.7M | ||
| Q3 25 | $51.3M | $122.4M | ||
| Q2 25 | $34.8M | $69.7M | ||
| Q1 25 | $36.9M | $55.2M | ||
| Q4 24 | $26.0M | $139.5M | ||
| Q3 24 | $43.3M | $90.7M | ||
| Q2 24 | $33.7M | $85.3M | ||
| Q1 24 | $15.1M | $45.6M |
| Q4 25 | $31.7M | $140.3M | ||
| Q3 25 | $35.7M | $110.9M | ||
| Q2 25 | $25.7M | $59.5M | ||
| Q1 25 | $28.6M | $45.6M | ||
| Q4 24 | $20.4M | $127.5M | ||
| Q3 24 | $24.4M | $84.3M | ||
| Q2 24 | $30.5M | $78.5M | ||
| Q1 24 | $8.6M | $35.5M |
| Q4 25 | 8.3% | 22.4% | ||
| Q3 25 | 10.6% | 18.1% | ||
| Q2 25 | 8.3% | 9.2% | ||
| Q1 25 | 9.3% | 8.2% | ||
| Q4 24 | 6.4% | 23.6% | ||
| Q3 24 | 8.3% | 15.5% | ||
| Q2 24 | 10.8% | 13.1% | ||
| Q1 24 | 3.0% | 6.2% |
| Q4 25 | 2.0% | 2.3% | ||
| Q3 25 | 4.6% | 1.9% | ||
| Q2 25 | 2.9% | 1.6% | ||
| Q1 25 | 2.7% | 1.7% | ||
| Q4 24 | 1.8% | 2.2% | ||
| Q3 24 | 6.4% | 1.2% | ||
| Q2 24 | 1.1% | 1.1% | ||
| Q1 24 | 2.3% | 1.8% |
| Q4 25 | 0.88× | 1.85× | ||
| Q3 25 | 1.92× | 1.49× | ||
| Q2 25 | 1.31× | 0.69× | ||
| Q1 25 | 1.45× | 0.75× | ||
| Q4 24 | 0.84× | 2.07× | ||
| Q3 24 | 2.85× | 1.31× | ||
| Q2 24 | 1.88× | 1.04× | ||
| Q1 24 | 0.70× | 0.63× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EZPW
| Merchandise | $210.1M | 55% |
| Pawn Service | $131.9M | 35% |
| Jewelry Scrap | $39.9M | 10% |
WTS
Segment breakdown not available.
