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Side-by-side financial comparison of Kimball Electronics, Inc. (KE) 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 $341.3M, roughly 1.8× Kimball Electronics, Inc.). WATTS WATER TECHNOLOGIES INC runs the higher net margin — 13.4% vs 1.1%, a 12.3% gap on every dollar of revenue. On growth, WATTS WATER TECHNOLOGIES INC posted the faster year-over-year revenue change (15.7% vs -4.5%). WATTS WATER TECHNOLOGIES INC produced more free cash flow last quarter ($140.3M vs $-11.2M). Over the past eight quarters, WATTS WATER TECHNOLOGIES INC's revenue compounded faster (4.6% CAGR vs -10.4%).

Kimball International, Inc. is an American company which consists of furniture brands: Kimball, National, Interwoven, Etc., David Edward, D'Style and Kimball Hospitality. It is the successor to W.W. Kimball and Company, the world's largest piano and organ manufacturer at certain times in the 19th and 20th centuries.

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...

KE vs WTS — Head-to-Head

Bigger by revenue
WTS
WTS
1.8× larger
WTS
$625.1M
$341.3M
KE
Growing faster (revenue YoY)
WTS
WTS
+20.2% gap
WTS
15.7%
-4.5%
KE
Higher net margin
WTS
WTS
12.3% more per $
WTS
13.4%
1.1%
KE
More free cash flow
WTS
WTS
$151.5M more FCF
WTS
$140.3M
$-11.2M
KE
Faster 2-yr revenue CAGR
WTS
WTS
Annualised
WTS
4.6%
-10.4%
KE

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
KE
KE
WTS
WTS
Revenue
$341.3M
$625.1M
Net Profit
$3.6M
$83.7M
Gross Margin
8.2%
49.5%
Operating Margin
3.2%
18.2%
Net Margin
1.1%
13.4%
Revenue YoY
-4.5%
15.7%
Net Profit YoY
6.0%
24.0%
EPS (diluted)
$0.15
$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
KE
KE
WTS
WTS
Q4 25
$341.3M
$625.1M
Q3 25
$365.6M
$611.7M
Q2 25
$380.5M
$643.7M
Q1 25
$374.6M
$558.0M
Q4 24
$357.4M
$540.4M
Q3 24
$374.3M
$543.6M
Q2 24
$430.2M
$597.3M
Q1 24
$425.0M
$570.9M
Net Profit
KE
KE
WTS
WTS
Q4 25
$3.6M
$83.7M
Q3 25
$10.1M
$82.2M
Q2 25
$6.6M
$100.9M
Q1 25
$3.8M
$74.0M
Q4 24
$3.4M
$67.5M
Q3 24
$3.2M
$69.1M
Q2 24
$7.5M
$82.0M
Q1 24
$-6.1M
$72.6M
Gross Margin
KE
KE
WTS
WTS
Q4 25
8.2%
49.5%
Q3 25
7.9%
48.8%
Q2 25
8.0%
50.6%
Q1 25
7.2%
48.8%
Q4 24
6.6%
46.7%
Q3 24
6.3%
47.3%
Q2 24
8.5%
47.7%
Q1 24
7.9%
46.9%
Operating Margin
KE
KE
WTS
WTS
Q4 25
3.2%
18.2%
Q3 25
4.0%
18.2%
Q2 25
4.3%
21.0%
Q1 25
3.1%
15.7%
Q4 24
2.3%
16.5%
Q3 24
2.4%
17.1%
Q2 24
4.6%
18.7%
Q1 24
-1.5%
16.9%
Net Margin
KE
KE
WTS
WTS
Q4 25
1.1%
13.4%
Q3 25
2.8%
13.4%
Q2 25
1.7%
15.7%
Q1 25
1.0%
13.3%
Q4 24
1.0%
12.5%
Q3 24
0.8%
12.7%
Q2 24
1.8%
13.7%
Q1 24
-1.4%
12.7%
EPS (diluted)
KE
KE
WTS
WTS
Q4 25
$0.15
$2.50
Q3 25
$0.40
$2.45
Q2 25
$0.27
$3.01
Q1 25
$0.15
$2.21
Q4 24
$0.14
$2.02
Q3 24
$0.12
$2.06
Q2 24
$0.29
$2.44
Q1 24
$-0.24
$2.17

Balance Sheet & Financial Strength

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

Metric
KE
KE
WTS
WTS
Cash + ST InvestmentsLiquidity on hand
$77.9M
$405.5M
Total DebtLower is stronger
$153.8M
Stockholders' EquityBook value
$579.2M
$2.0B
Total Assets
$1.1B
$2.9B
Debt / EquityLower = less leverage
0.27×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KE
KE
WTS
WTS
Q4 25
$77.9M
$405.5M
Q3 25
$75.7M
$457.7M
Q2 25
$88.8M
$369.3M
Q1 25
$51.4M
$336.8M
Q4 24
$53.9M
$386.9M
Q3 24
$76.6M
$303.9M
Q2 24
$78.0M
$279.4M
Q1 24
$65.2M
$237.1M
Total Debt
KE
KE
WTS
WTS
Q4 25
$153.8M
Q3 25
$137.5M
Q2 25
$147.1M
Q1 25
$178.3M
Q4 24
$204.5M
Q3 24
Q2 24
$294.8M
Q1 24
Stockholders' Equity
KE
KE
WTS
WTS
Q4 25
$579.2M
$2.0B
Q3 25
$577.1M
$2.0B
Q2 25
$569.9M
$1.9B
Q1 25
$548.1M
$1.8B
Q4 24
$537.5M
$1.7B
Q3 24
$547.8M
$1.7B
Q2 24
$540.5M
$1.6B
Q1 24
$539.1M
$1.6B
Total Assets
KE
KE
WTS
WTS
Q4 25
$1.1B
$2.9B
Q3 25
$1.1B
$2.7B
Q2 25
$1.1B
$2.6B
Q1 25
$1.1B
$2.5B
Q4 24
$1.1B
$2.4B
Q3 24
$1.1B
$2.4B
Q2 24
$1.2B
$2.4B
Q1 24
$1.3B
$2.3B
Debt / Equity
KE
KE
WTS
WTS
Q4 25
0.27×
Q3 25
0.24×
Q2 25
0.26×
Q1 25
0.33×
Q4 24
0.38×
Q3 24
Q2 24
0.55×
Q1 24

Cash Flow & Capital Efficiency

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

Metric
KE
KE
WTS
WTS
Operating Cash FlowLast quarter
$6.9M
$154.7M
Free Cash FlowOCF − Capex
$-11.2M
$140.3M
FCF MarginFCF / Revenue
-3.3%
22.4%
Capex IntensityCapex / Revenue
5.3%
2.3%
Cash ConversionOCF / Net Profit
1.89×
1.85×
TTM Free Cash FlowTrailing 4 quarters
$81.8M
$356.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KE
KE
WTS
WTS
Q4 25
$6.9M
$154.7M
Q3 25
$8.1M
$122.4M
Q2 25
$78.1M
$69.7M
Q1 25
$30.9M
$55.2M
Q4 24
$29.5M
$139.5M
Q3 24
$45.5M
$90.7M
Q2 24
$48.5M
$85.3M
Q1 24
$42.6M
$45.6M
Free Cash Flow
KE
KE
WTS
WTS
Q4 25
$-11.2M
$140.3M
Q3 25
$-2.5M
$110.9M
Q2 25
$68.4M
$59.5M
Q1 25
$27.0M
$45.6M
Q4 24
$23.1M
$127.5M
Q3 24
$32.1M
$84.3M
Q2 24
$39.5M
$78.5M
Q1 24
$30.0M
$35.5M
FCF Margin
KE
KE
WTS
WTS
Q4 25
-3.3%
22.4%
Q3 25
-0.7%
18.1%
Q2 25
18.0%
9.2%
Q1 25
7.2%
8.2%
Q4 24
6.5%
23.6%
Q3 24
8.6%
15.5%
Q2 24
9.2%
13.1%
Q1 24
7.1%
6.2%
Capex Intensity
KE
KE
WTS
WTS
Q4 25
5.3%
2.3%
Q3 25
2.9%
1.9%
Q2 25
2.5%
1.6%
Q1 25
1.0%
1.7%
Q4 24
1.8%
2.2%
Q3 24
3.6%
1.2%
Q2 24
2.1%
1.1%
Q1 24
3.0%
1.8%
Cash Conversion
KE
KE
WTS
WTS
Q4 25
1.89×
1.85×
Q3 25
0.80×
1.49×
Q2 25
11.86×
0.69×
Q1 25
8.11×
0.75×
Q4 24
8.58×
2.07×
Q3 24
14.42×
1.31×
Q2 24
6.43×
1.04×
Q1 24
0.63×

Financial Flow Comparison

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

Revenue Breakdown by Segment

KE
KE

Automotive$162.3M48%
Medical$96.3M28%
Industrial$82.7M24%

WTS
WTS

Segment breakdown not available.

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