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Side-by-side financial comparison of F5, Inc. (FFIV) and WATTS WATER TECHNOLOGIES INC (WTS). Click either name above to swap in a different company.
F5, Inc. is the larger business by last-quarter revenue ($811.7M vs $625.1M, roughly 1.3× WATTS WATER TECHNOLOGIES INC). F5, Inc. runs the higher net margin — 18.2% vs 13.4%, a 4.8% gap on every dollar of revenue. On growth, WATTS WATER TECHNOLOGIES INC posted the faster year-over-year revenue change (15.7% vs 11.0%). Over the past eight quarters, F5, Inc.'s revenue compounded faster (8.0% CAGR vs 4.6%).
F5, Inc. is an American technology company specializing in application security, multi-cloud management, online fraud prevention, application delivery networking (ADN), application availability and performance, and network security, access, and authorization.
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...
FFIV vs WTS — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $811.7M | $625.1M |
| Net Profit | $148.0M | $83.7M |
| Gross Margin | 81.4% | 49.5% |
| Operating Margin | 22.1% | 18.2% |
| Net Margin | 18.2% | 13.4% |
| Revenue YoY | 11.0% | 15.7% |
| Net Profit YoY | 1.5% | 24.0% |
| EPS (diluted) | $2.58 | $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.
| Q1 26 | $811.7M | — | ||
| Q4 25 | $822.5M | $625.1M | ||
| Q3 25 | $810.1M | $611.7M | ||
| Q2 25 | $780.4M | $643.7M | ||
| Q1 25 | $731.1M | $558.0M | ||
| Q4 24 | $766.5M | $540.4M | ||
| Q3 24 | $746.7M | $543.6M | ||
| Q2 24 | $695.5M | $597.3M |
| Q1 26 | $148.0M | — | ||
| Q4 25 | $180.1M | $83.7M | ||
| Q3 25 | $190.5M | $82.2M | ||
| Q2 25 | $189.9M | $100.9M | ||
| Q1 25 | $145.5M | $74.0M | ||
| Q4 24 | $166.4M | $67.5M | ||
| Q3 24 | $165.3M | $69.1M | ||
| Q2 24 | $144.1M | $82.0M |
| Q1 26 | 81.4% | — | ||
| Q4 25 | 81.5% | 49.5% | ||
| Q3 25 | 82.2% | 48.8% | ||
| Q2 25 | 81.0% | 50.6% | ||
| Q1 25 | 80.7% | 48.8% | ||
| Q4 24 | 81.7% | 46.7% | ||
| Q3 24 | 80.8% | 47.3% | ||
| Q2 24 | 80.4% | 47.7% |
| Q1 26 | 22.1% | — | ||
| Q4 25 | 26.0% | 18.2% | ||
| Q3 25 | 25.4% | 18.2% | ||
| Q2 25 | 25.2% | 21.0% | ||
| Q1 25 | 21.7% | 15.7% | ||
| Q4 24 | 26.8% | 16.5% | ||
| Q3 24 | 25.6% | 17.1% | ||
| Q2 24 | 23.4% | 18.7% |
| Q1 26 | 18.2% | — | ||
| Q4 25 | 21.9% | 13.4% | ||
| Q3 25 | 23.5% | 13.4% | ||
| Q2 25 | 24.3% | 15.7% | ||
| Q1 25 | 19.9% | 13.3% | ||
| Q4 24 | 21.7% | 12.5% | ||
| Q3 24 | 22.1% | 12.7% | ||
| Q2 24 | 20.7% | 13.7% |
| Q1 26 | $2.58 | — | ||
| Q4 25 | $3.10 | $2.50 | ||
| Q3 25 | $3.25 | $2.45 | ||
| Q2 25 | $3.25 | $3.01 | ||
| Q1 25 | $2.48 | $2.21 | ||
| Q4 24 | $2.82 | $2.02 | ||
| Q3 24 | $2.79 | $2.06 | ||
| Q2 24 | $2.44 | $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 | $1.4B | $405.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.6B | $2.0B |
| Total Assets | $6.5B | $2.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.4B | — | ||
| Q4 25 | $1.2B | $405.5M | ||
| Q3 25 | $1.3B | $457.7M | ||
| Q2 25 | $1.4B | $369.3M | ||
| Q1 25 | $1.3B | $336.8M | ||
| Q4 24 | $1.2B | $386.9M | ||
| Q3 24 | $1.1B | $303.9M | ||
| Q2 24 | $935.6M | $279.4M |
| Q1 26 | $3.6B | — | ||
| Q4 25 | $3.5B | $2.0B | ||
| Q3 25 | $3.6B | $2.0B | ||
| Q2 25 | $3.5B | $1.9B | ||
| Q1 25 | $3.3B | $1.8B | ||
| Q4 24 | $3.2B | $1.7B | ||
| Q3 24 | $3.1B | $1.7B | ||
| Q2 24 | $3.0B | $1.6B |
| Q1 26 | $6.5B | — | ||
| Q4 25 | $6.3B | $2.9B | ||
| Q3 25 | $6.3B | $2.7B | ||
| Q2 25 | $6.1B | $2.6B | ||
| Q1 25 | $5.9B | $2.5B | ||
| Q4 24 | $5.9B | $2.4B | ||
| Q3 24 | $5.6B | $2.4B | ||
| Q2 24 | $5.4B | $2.4B |
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 | $525.1M | $154.7M |
| Free Cash FlowOCF − Capex | — | $140.3M |
| FCF MarginFCF / Revenue | — | 22.4% |
| Capex IntensityCapex / Revenue | — | 2.3% |
| Cash ConversionOCF / Net Profit | 3.55× | 1.85× |
| TTM Free Cash FlowTrailing 4 quarters | — | $356.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $525.1M | — | ||
| Q4 25 | $159.2M | $154.7M | ||
| Q3 25 | $208.1M | $122.4M | ||
| Q2 25 | $282.2M | $69.7M | ||
| Q1 25 | $256.6M | $55.2M | ||
| Q4 24 | $202.8M | $139.5M | ||
| Q3 24 | $246.5M | $90.7M | ||
| Q2 24 | $159.0M | $85.3M |
| Q1 26 | — | — | ||
| Q4 25 | $149.5M | $140.3M | ||
| Q3 25 | $191.9M | $110.9M | ||
| Q2 25 | $273.7M | $59.5M | ||
| Q1 25 | $246.1M | $45.6M | ||
| Q4 24 | $194.7M | $127.5M | ||
| Q3 24 | $240.4M | $84.3M | ||
| Q2 24 | $153.1M | $78.5M |
| Q1 26 | — | — | ||
| Q4 25 | 18.2% | 22.4% | ||
| Q3 25 | 23.7% | 18.1% | ||
| Q2 25 | 35.1% | 9.2% | ||
| Q1 25 | 33.7% | 8.2% | ||
| Q4 24 | 25.4% | 23.6% | ||
| Q3 24 | 32.2% | 15.5% | ||
| Q2 24 | 22.0% | 13.1% |
| Q1 26 | — | — | ||
| Q4 25 | 1.2% | 2.3% | ||
| Q3 25 | 2.0% | 1.9% | ||
| Q2 25 | 1.1% | 1.6% | ||
| Q1 25 | 1.4% | 1.7% | ||
| Q4 24 | 1.1% | 2.2% | ||
| Q3 24 | 0.8% | 1.2% | ||
| Q2 24 | 0.8% | 1.1% |
| Q1 26 | 3.55× | — | ||
| Q4 25 | 0.88× | 1.85× | ||
| Q3 25 | 1.09× | 1.49× | ||
| Q2 25 | 1.49× | 0.69× | ||
| Q1 25 | 1.76× | 0.75× | ||
| Q4 24 | 1.22× | 2.07× | ||
| Q3 24 | 1.49× | 1.31× | ||
| Q2 24 | 1.10× | 1.04× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
