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Side-by-side financial comparison of Healthcare Realty Trust Inc (HR) and Zurn Elkay Water Solutions Corp (ZWS). Click either name above to swap in a different company.

Zurn Elkay Water Solutions Corp is the larger business by last-quarter revenue ($407.2M vs $279.0M, roughly 1.5× Healthcare Realty Trust Inc). Zurn Elkay Water Solutions Corp runs the higher net margin — 10.3% vs -0.0%, a 10.4% gap on every dollar of revenue. On growth, Zurn Elkay Water Solutions Corp posted the faster year-over-year revenue change (9.8% vs 5.9%). Over the past eight quarters, Zurn Elkay Water Solutions Corp's revenue compounded faster (4.4% CAGR vs -6.1%).

Duke Realty was a real estate investment trust (REIT) based in Indianapolis, Indiana, that invested in industrial properties. As of December 31, 2021, it owned or jointly controlled 548 primarily industrial properties containing 162.7 million rentable square feet. In October 2022, it was acquired by Prologis.

Zurn Elkay Water Solutions Corp designs, manufactures, and distributes a wide range of water management and dispensing products, including commercial plumbing fixtures, drinking fountains, water filtration systems, and flow control components. It serves commercial, residential, industrial, and public infrastructure markets primarily across North America, with a focus on delivering sustainable, water-efficient solutions for diverse end-user needs.

HR vs ZWS — Head-to-Head

Bigger by revenue
ZWS
ZWS
1.5× larger
ZWS
$407.2M
$279.0M
HR
Growing faster (revenue YoY)
ZWS
ZWS
+3.9% gap
ZWS
9.8%
5.9%
HR
Higher net margin
ZWS
ZWS
10.4% more per $
ZWS
10.3%
-0.0%
HR
Faster 2-yr revenue CAGR
ZWS
ZWS
Annualised
ZWS
4.4%
-6.1%
HR

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
HR
HR
ZWS
ZWS
Revenue
$279.0M
$407.2M
Net Profit
$-56.0K
$42.1M
Gross Margin
44.4%
Operating Margin
14.8%
Net Margin
-0.0%
10.3%
Revenue YoY
5.9%
9.8%
Net Profit YoY
15.7%
EPS (diluted)
$0.00
$0.24

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
HR
HR
ZWS
ZWS
Q1 26
$279.0M
Q4 25
$286.3M
$407.2M
Q3 25
$297.8M
$455.4M
Q2 25
$297.5M
$444.5M
Q1 25
$299.0M
$388.8M
Q4 24
$309.8M
$370.7M
Q3 24
$315.4M
$410.0M
Q2 24
$316.3M
$412.0M
Net Profit
HR
HR
ZWS
ZWS
Q1 26
$-56.0K
Q4 25
$14.6M
$42.1M
Q3 25
$-57.7M
$61.8M
Q2 25
$-157.9M
$50.5M
Q1 25
$-44.9M
$43.6M
Q4 24
$-108.2M
$36.4M
Q3 24
$-93.0M
$43.5M
Q2 24
$-143.8M
$46.0M
Gross Margin
HR
HR
ZWS
ZWS
Q1 26
Q4 25
44.4%
Q3 25
44.1%
Q2 25
45.5%
Q1 25
46.6%
Q4 24
43.5%
Q3 24
46.2%
Q2 24
45.2%
Operating Margin
HR
HR
ZWS
ZWS
Q1 26
Q4 25
14.8%
Q3 25
17.0%
Q2 25
17.5%
Q1 25
16.3%
Q4 24
13.3%
Q3 24
17.1%
Q2 24
17.5%
Net Margin
HR
HR
ZWS
ZWS
Q1 26
-0.0%
Q4 25
183.4%
10.3%
Q3 25
-19.4%
13.6%
Q2 25
-53.1%
11.4%
Q1 25
-15.0%
11.2%
Q4 24
-1924.1%
9.8%
Q3 24
-29.5%
10.6%
Q2 24
-45.5%
11.2%
EPS (diluted)
HR
HR
ZWS
ZWS
Q1 26
$0.00
Q4 25
$0.04
$0.24
Q3 25
$-0.17
$0.36
Q2 25
$-0.45
$0.29
Q1 25
$-0.13
$0.26
Q4 24
$-0.34
$0.21
Q3 24
$-0.26
$0.25
Q2 24
$-0.39
$0.27

Balance Sheet & Financial Strength

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

Metric
HR
HR
ZWS
ZWS
Cash + ST InvestmentsLiquidity on hand
$26.2M
$300.5M
Total DebtLower is stronger
$496.5M
Stockholders' EquityBook value
$4.4B
$1.6B
Total Assets
$9.1B
$2.7B
Debt / EquityLower = less leverage
0.31×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HR
HR
ZWS
ZWS
Q1 26
$26.2M
Q4 25
$26.2M
$300.5M
Q3 25
$43.3M
$260.1M
Q2 25
$25.5M
$201.9M
Q1 25
$25.7M
$144.7M
Q4 24
$68.9M
$198.0M
Q3 24
$22.8M
$187.9M
Q2 24
$41.8M
$162.7M
Total Debt
HR
HR
ZWS
ZWS
Q1 26
Q4 25
$3.9B
$496.5M
Q3 25
$4.5B
$496.4M
Q2 25
$4.7B
$495.9M
Q1 25
$4.7B
$495.8M
Q4 24
$4.7B
$495.6M
Q3 24
$5.0B
$495.6M
Q2 24
$5.1B
$495.5M
Stockholders' Equity
HR
HR
ZWS
ZWS
Q1 26
$4.4B
Q4 25
$4.6B
$1.6B
Q3 25
$4.7B
$1.6B
Q2 25
$4.8B
$1.6B
Q1 25
$5.1B
$1.5B
Q4 24
$5.2B
$1.6B
Q3 24
$5.5B
$1.6B
Q2 24
$5.9B
$1.6B
Total Assets
HR
HR
ZWS
ZWS
Q1 26
$9.1B
Q4 25
$9.2B
$2.7B
Q3 25
$9.9B
$2.7B
Q2 25
$10.2B
$2.7B
Q1 25
$10.5B
$2.6B
Q4 24
$10.7B
$2.6B
Q3 24
$11.2B
$2.7B
Q2 24
$11.8B
$2.7B
Debt / Equity
HR
HR
ZWS
ZWS
Q1 26
Q4 25
0.85×
0.31×
Q3 25
0.96×
0.31×
Q2 25
0.97×
0.32×
Q1 25
0.93×
0.32×
Q4 24
0.89×
0.31×
Q3 24
0.90×
0.31×
Q2 24
0.87×
0.31×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
HR
HR
ZWS
ZWS
Operating Cash FlowLast quarter
$91.7M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
9.7%
Cash ConversionOCF / Net Profit
2.18×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HR
HR
ZWS
ZWS
Q1 26
Q4 25
$457.1M
$91.7M
Q3 25
$113.8M
$101.3M
Q2 25
$163.2M
$110.6M
Q1 25
$47.8M
$42.9M
Q4 24
$501.6M
$63.6M
Q3 24
$119.3M
$90.9M
Q2 24
$168.2M
$85.1M
Capex Intensity
HR
HR
ZWS
ZWS
Q1 26
9.7%
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Cash Conversion
HR
HR
ZWS
ZWS
Q1 26
Q4 25
31.33×
2.18×
Q3 25
1.64×
Q2 25
2.19×
Q1 25
0.98×
Q4 24
1.75×
Q3 24
2.09×
Q2 24
1.85×

Financial Flow Comparison

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

Revenue Breakdown by Segment

HR
HR

Rental income$267.6M96%
Other$11.4M4%

ZWS
ZWS

Segment breakdown not available.

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