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Side-by-side financial comparison of FULTON FINANCIAL CORP (FULT) 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 $336.2M, roughly 1.9× FULTON FINANCIAL CORP). FULTON FINANCIAL CORP runs the higher net margin — 28.2% vs 13.4%, a 14.8% gap on every dollar of revenue. On growth, WATTS WATER TECHNOLOGIES INC posted the faster year-over-year revenue change (15.7% vs 4.2%). Over the past eight quarters, WATTS WATER TECHNOLOGIES INC's revenue compounded faster (4.6% CAGR vs 0.2%).

Fulton Financial Corporation is an American regional financial services holding company, headquartered in Lancaster, Pennsylvania.

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...

FULT vs WTS — Head-to-Head

Bigger by revenue
WTS
WTS
1.9× larger
WTS
$625.1M
$336.2M
FULT
Growing faster (revenue YoY)
WTS
WTS
+11.5% gap
WTS
15.7%
4.2%
FULT
Higher net margin
FULT
FULT
14.8% more per $
FULT
28.2%
13.4%
WTS
Faster 2-yr revenue CAGR
WTS
WTS
Annualised
WTS
4.6%
0.2%
FULT

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
FULT
FULT
WTS
WTS
Revenue
$336.2M
$625.1M
Net Profit
$94.8M
$83.7M
Gross Margin
49.5%
Operating Margin
18.2%
Net Margin
28.2%
13.4%
Revenue YoY
4.2%
15.7%
Net Profit YoY
1.9%
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.

Revenue
FULT
FULT
WTS
WTS
Q1 26
$336.2M
Q4 25
$336.0M
$625.1M
Q3 25
$334.6M
$611.7M
Q2 25
$324.1M
$643.7M
Q1 25
$318.4M
$558.0M
Q4 24
$319.6M
$540.4M
Q3 24
$317.7M
$543.6M
Q2 24
$334.7M
$597.3M
Net Profit
FULT
FULT
WTS
WTS
Q1 26
$94.8M
Q4 25
$99.0M
$83.7M
Q3 25
$100.5M
$82.2M
Q2 25
$99.2M
$100.9M
Q1 25
$93.0M
$74.0M
Q4 24
$68.6M
$67.5M
Q3 24
$63.2M
$69.1M
Q2 24
$95.0M
$82.0M
Gross Margin
FULT
FULT
WTS
WTS
Q1 26
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%
Operating Margin
FULT
FULT
WTS
WTS
Q1 26
Q4 25
35.7%
18.2%
Q3 25
38.2%
18.2%
Q2 25
37.8%
21.0%
Q1 25
36.1%
15.7%
Q4 24
27.0%
16.5%
Q3 24
25.1%
17.1%
Q2 24
30.8%
18.7%
Net Margin
FULT
FULT
WTS
WTS
Q1 26
28.2%
Q4 25
29.5%
13.4%
Q3 25
30.0%
13.4%
Q2 25
30.6%
15.7%
Q1 25
29.2%
13.3%
Q4 24
21.5%
12.5%
Q3 24
19.9%
12.7%
Q2 24
28.4%
13.7%
EPS (diluted)
FULT
FULT
WTS
WTS
Q1 26
$0.55
Q4 25
$0.53
$2.50
Q3 25
$0.53
$2.45
Q2 25
$0.53
$3.01
Q1 25
$0.49
$2.21
Q4 24
$0.36
$2.02
Q3 24
$0.33
$2.06
Q2 24
$0.52
$2.44

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
FULT
FULT
WTS
WTS
Cash + ST InvestmentsLiquidity on hand
$405.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$3.5B
$2.0B
Total Assets
$32.2B
$2.9B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FULT
FULT
WTS
WTS
Q1 26
Q4 25
$405.5M
Q3 25
$457.7M
Q2 25
$369.3M
Q1 25
$336.8M
Q4 24
$386.9M
Q3 24
$303.9M
Q2 24
$279.4M
Stockholders' Equity
FULT
FULT
WTS
WTS
Q1 26
$3.5B
Q4 25
$3.5B
$2.0B
Q3 25
$3.4B
$2.0B
Q2 25
$3.3B
$1.9B
Q1 25
$3.3B
$1.8B
Q4 24
$3.2B
$1.7B
Q3 24
$3.2B
$1.7B
Q2 24
$3.1B
$1.6B
Total Assets
FULT
FULT
WTS
WTS
Q1 26
$32.2B
Q4 25
$32.1B
$2.9B
Q3 25
$32.0B
$2.7B
Q2 25
$32.0B
$2.6B
Q1 25
$32.1B
$2.5B
Q4 24
$32.1B
$2.4B
Q3 24
$32.2B
$2.4B
Q2 24
$31.8B
$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
FULT
FULT
WTS
WTS
Operating Cash FlowLast quarter
$154.7M
Free Cash FlowOCF − Capex
$140.3M
FCF MarginFCF / Revenue
22.4%
Capex IntensityCapex / Revenue
2.3%
Cash ConversionOCF / Net Profit
1.85×
TTM Free Cash FlowTrailing 4 quarters
$356.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FULT
FULT
WTS
WTS
Q1 26
Q4 25
$304.5M
$154.7M
Q3 25
$116.1M
$122.4M
Q2 25
$91.7M
$69.7M
Q1 25
$703.0K
$55.2M
Q4 24
$416.6M
$139.5M
Q3 24
$-22.0M
$90.7M
Q2 24
$157.8M
$85.3M
Free Cash Flow
FULT
FULT
WTS
WTS
Q1 26
Q4 25
$140.3M
Q3 25
$110.9M
Q2 25
$59.5M
Q1 25
$45.6M
Q4 24
$127.5M
Q3 24
$84.3M
Q2 24
$78.5M
FCF Margin
FULT
FULT
WTS
WTS
Q1 26
Q4 25
22.4%
Q3 25
18.1%
Q2 25
9.2%
Q1 25
8.2%
Q4 24
23.6%
Q3 24
15.5%
Q2 24
13.1%
Capex Intensity
FULT
FULT
WTS
WTS
Q1 26
Q4 25
2.3%
Q3 25
1.9%
Q2 25
1.6%
Q1 25
1.7%
Q4 24
2.2%
Q3 24
1.2%
Q2 24
1.1%
Cash Conversion
FULT
FULT
WTS
WTS
Q1 26
Q4 25
3.08×
1.85×
Q3 25
1.16×
1.49×
Q2 25
0.92×
0.69×
Q1 25
0.01×
0.75×
Q4 24
6.07×
2.07×
Q3 24
-0.35×
1.31×
Q2 24
1.66×
1.04×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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