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Side-by-side financial comparison of GRACO INC (GGG) 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 $593.2M, roughly 1.1× GRACO INC). GRACO INC runs the higher net margin — 22.3% vs 13.4%, a 8.9% gap on every dollar of revenue. On growth, WATTS WATER TECHNOLOGIES INC posted the faster year-over-year revenue change (15.7% vs 8.1%). GRACO INC produced more free cash flow last quarter ($184.3M vs $140.3M). Over the past eight quarters, GRACO INC's revenue compounded faster (9.8% CAGR vs 4.6%).
Graco Inc. is an American industrial company that specializes in the development and manufacturing of fluid-handling systems and products. The company is headquartered in Minneapolis, Minnesota, and markets its products to customers worldwide.
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...
GGG vs WTS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $593.2M | $625.1M |
| Net Profit | $132.5M | $83.7M |
| Gross Margin | 51.7% | 49.5% |
| Operating Margin | 26.7% | 18.2% |
| Net Margin | 22.3% | 13.4% |
| Revenue YoY | 8.1% | 15.7% |
| Net Profit YoY | 21.9% | 24.0% |
| EPS (diluted) | $0.78 | $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 | $593.2M | $625.1M | ||
| Q3 25 | $543.4M | $611.7M | ||
| Q2 25 | $571.8M | $643.7M | ||
| Q1 25 | $528.3M | $558.0M | ||
| Q4 24 | $548.7M | $540.4M | ||
| Q3 24 | $519.2M | $543.6M | ||
| Q2 24 | $553.2M | $597.3M | ||
| Q1 24 | $492.2M | $570.9M |
| Q4 25 | $132.5M | $83.7M | ||
| Q3 25 | $137.6M | $82.2M | ||
| Q2 25 | $127.6M | $100.9M | ||
| Q1 25 | $124.1M | $74.0M | ||
| Q4 24 | $108.7M | $67.5M | ||
| Q3 24 | $122.2M | $69.1M | ||
| Q2 24 | $133.0M | $82.0M | ||
| Q1 24 | $122.2M | $72.6M |
| Q4 25 | 51.7% | 49.5% | ||
| Q3 25 | 53.2% | 48.8% | ||
| Q2 25 | 52.4% | 50.6% | ||
| Q1 25 | 52.6% | 48.8% | ||
| Q4 24 | 50.9% | 46.7% | ||
| Q3 24 | 53.2% | 47.3% | ||
| Q2 24 | 54.4% | 47.7% | ||
| Q1 24 | 54.1% | 46.9% |
| Q4 25 | 26.7% | 18.2% | ||
| Q3 25 | 30.3% | 18.2% | ||
| Q2 25 | 27.5% | 21.0% | ||
| Q1 25 | 27.3% | 15.7% | ||
| Q4 24 | 23.7% | 16.5% | ||
| Q3 24 | 28.1% | 17.1% | ||
| Q2 24 | 29.2% | 18.7% | ||
| Q1 24 | 27.0% | 16.9% |
| Q4 25 | 22.3% | 13.4% | ||
| Q3 25 | 25.3% | 13.4% | ||
| Q2 25 | 22.3% | 15.7% | ||
| Q1 25 | 23.5% | 13.3% | ||
| Q4 24 | 19.8% | 12.5% | ||
| Q3 24 | 23.5% | 12.7% | ||
| Q2 24 | 24.0% | 13.7% | ||
| Q1 24 | 24.8% | 12.7% |
| Q4 25 | $0.78 | $2.50 | ||
| Q3 25 | $0.82 | $2.45 | ||
| Q2 25 | $0.76 | $3.01 | ||
| Q1 25 | $0.72 | $2.21 | ||
| Q4 24 | $0.63 | $2.02 | ||
| Q3 24 | $0.71 | $2.06 | ||
| Q2 24 | $0.77 | $2.44 | ||
| Q1 24 | $0.71 | $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 | $624.1M | $405.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.7B | $2.0B |
| Total Assets | $3.3B | $2.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $624.1M | $405.5M | ||
| Q3 25 | $618.7M | $457.7M | ||
| Q2 25 | $534.9M | $369.3M | ||
| Q1 25 | $536.1M | $336.8M | ||
| Q4 24 | $675.3M | $386.9M | ||
| Q3 24 | $764.5M | $303.9M | ||
| Q2 24 | $666.0M | $279.4M | ||
| Q1 24 | $622.7M | $237.1M |
| Q4 25 | $2.7B | $2.0B | ||
| Q3 25 | $2.6B | $2.0B | ||
| Q2 25 | $2.5B | $1.9B | ||
| Q1 25 | $2.5B | $1.8B | ||
| Q4 24 | $2.6B | $1.7B | ||
| Q3 24 | $2.5B | $1.7B | ||
| Q2 24 | $2.4B | $1.6B | ||
| Q1 24 | $2.3B | $1.6B |
| Q4 25 | $3.3B | $2.9B | ||
| Q3 25 | $3.2B | $2.7B | ||
| Q2 25 | $3.0B | $2.6B | ||
| Q1 25 | $3.0B | $2.5B | ||
| Q4 24 | $3.1B | $2.4B | ||
| Q3 24 | $3.0B | $2.4B | ||
| Q2 24 | $2.9B | $2.4B | ||
| Q1 24 | $2.8B | $2.3B |
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 | $196.3M | $154.7M |
| Free Cash FlowOCF − Capex | $184.3M | $140.3M |
| FCF MarginFCF / Revenue | 31.1% | 22.4% |
| Capex IntensityCapex / Revenue | 2.0% | 2.3% |
| Cash ConversionOCF / Net Profit | 1.48× | 1.85× |
| TTM Free Cash FlowTrailing 4 quarters | $637.9M | $356.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $196.3M | $154.7M | ||
| Q3 25 | $179.2M | $122.4M | ||
| Q2 25 | $182.7M | $69.7M | ||
| Q1 25 | $125.4M | $55.2M | ||
| Q4 24 | $185.2M | $139.5M | ||
| Q3 24 | $178.6M | $90.7M | ||
| Q2 24 | $139.0M | $85.3M | ||
| Q1 24 | $118.9M | $45.6M |
| Q4 25 | $184.3M | $140.3M | ||
| Q3 25 | $175.7M | $110.9M | ||
| Q2 25 | $163.1M | $59.5M | ||
| Q1 25 | $114.8M | $45.6M | ||
| Q4 24 | $171.3M | $127.5M | ||
| Q3 24 | $159.2M | $84.3M | ||
| Q2 24 | $102.7M | $78.5M | ||
| Q1 24 | $81.7M | $35.5M |
| Q4 25 | 31.1% | 22.4% | ||
| Q3 25 | 32.3% | 18.1% | ||
| Q2 25 | 28.5% | 9.2% | ||
| Q1 25 | 21.7% | 8.2% | ||
| Q4 24 | 31.2% | 23.6% | ||
| Q3 24 | 30.7% | 15.5% | ||
| Q2 24 | 18.6% | 13.1% | ||
| Q1 24 | 16.6% | 6.2% |
| Q4 25 | 2.0% | 2.3% | ||
| Q3 25 | 0.6% | 1.9% | ||
| Q2 25 | 3.4% | 1.6% | ||
| Q1 25 | 2.0% | 1.7% | ||
| Q4 24 | 2.5% | 2.2% | ||
| Q3 24 | 3.7% | 1.2% | ||
| Q2 24 | 6.6% | 1.1% | ||
| Q1 24 | 7.6% | 1.8% |
| Q4 25 | 1.48× | 1.85× | ||
| Q3 25 | 1.30× | 1.49× | ||
| Q2 25 | 1.43× | 0.69× | ||
| Q1 25 | 1.01× | 0.75× | ||
| Q4 24 | 1.70× | 2.07× | ||
| Q3 24 | 1.46× | 1.31× | ||
| Q2 24 | 1.05× | 1.04× | ||
| Q1 24 | 0.97× | 0.63× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GGG
| Industrial | $284.3M | 48% |
| Contractor | $265.5M | 45% |
| Other | $43.4M | 7% |
WTS
Segment breakdown not available.
