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Side-by-side financial comparison of LCI INDUSTRIES (LCII) and WATTS WATER TECHNOLOGIES INC (WTS). Click either name above to swap in a different company.
LCI INDUSTRIES is the larger business by last-quarter revenue ($932.7M vs $625.1M, roughly 1.5× WATTS WATER TECHNOLOGIES INC). WATTS WATER TECHNOLOGIES INC runs the higher net margin — 13.4% vs 2.0%, a 11.4% gap on every dollar of revenue. On growth, LCI INDUSTRIES posted the faster year-over-year revenue change (16.1% vs 15.7%). WATTS WATER TECHNOLOGIES INC produced more free cash flow last quarter ($140.3M vs $64.3M). Over the past eight quarters, WATTS WATER TECHNOLOGIES INC's revenue compounded faster (4.6% CAGR vs -1.8%).
Lucky Core Industries Limited, formerly known as ICI Pakistan, is a Pakistani conglomerate company headquartered in Karachi. It manufactures polyester, pharmaceutical, agrochemical, soda ash, and veterinary medicine.
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...
LCII vs WTS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $932.7M | $625.1M |
| Net Profit | $18.7M | $83.7M |
| Gross Margin | 22.1% | 49.5% |
| Operating Margin | 3.8% | 18.2% |
| Net Margin | 2.0% | 13.4% |
| Revenue YoY | 16.1% | 15.7% |
| Net Profit YoY | 95.7% | 24.0% |
| EPS (diluted) | $0.79 | $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 | $932.7M | $625.1M | ||
| Q3 25 | $1.0B | $611.7M | ||
| Q2 25 | $1.1B | $643.7M | ||
| Q1 25 | $1.0B | $558.0M | ||
| Q4 24 | $803.1M | $540.4M | ||
| Q3 24 | $915.5M | $543.6M | ||
| Q2 24 | $1.1B | $597.3M | ||
| Q1 24 | $968.0M | $570.9M |
| Q4 25 | $18.7M | $83.7M | ||
| Q3 25 | $62.5M | $82.2M | ||
| Q2 25 | $57.6M | $100.9M | ||
| Q1 25 | $49.4M | $74.0M | ||
| Q4 24 | $9.5M | $67.5M | ||
| Q3 24 | $35.6M | $69.1M | ||
| Q2 24 | $61.2M | $82.0M | ||
| Q1 24 | $36.5M | $72.6M |
| Q4 25 | 22.1% | 49.5% | ||
| Q3 25 | 24.4% | 48.8% | ||
| Q2 25 | 24.4% | 50.6% | ||
| Q1 25 | 24.1% | 48.8% | ||
| Q4 24 | 21.1% | 46.7% | ||
| Q3 24 | 24.0% | 47.3% | ||
| Q2 24 | 25.3% | 47.7% | ||
| Q1 24 | 23.1% | 46.9% |
| Q4 25 | 3.8% | 18.2% | ||
| Q3 25 | 7.3% | 18.2% | ||
| Q2 25 | 7.9% | 21.0% | ||
| Q1 25 | 7.8% | 15.7% | ||
| Q4 24 | 2.0% | 16.5% | ||
| Q3 24 | 5.9% | 17.1% | ||
| Q2 24 | 8.6% | 18.7% | ||
| Q1 24 | 6.0% | 16.9% |
| Q4 25 | 2.0% | 13.4% | ||
| Q3 25 | 6.0% | 13.4% | ||
| Q2 25 | 5.2% | 15.7% | ||
| Q1 25 | 4.7% | 13.3% | ||
| Q4 24 | 1.2% | 12.5% | ||
| Q3 24 | 3.9% | 12.7% | ||
| Q2 24 | 5.8% | 13.7% | ||
| Q1 24 | 3.8% | 12.7% |
| Q4 25 | $0.79 | $2.50 | ||
| Q3 25 | $2.55 | $2.45 | ||
| Q2 25 | $2.29 | $3.01 | ||
| Q1 25 | $1.94 | $2.21 | ||
| Q4 24 | $0.37 | $2.02 | ||
| Q3 24 | $1.39 | $2.06 | ||
| Q2 24 | $2.40 | $2.44 | ||
| Q1 24 | $1.44 | $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 | $222.6M | $405.5M |
| Total DebtLower is stronger | $945.2M | — |
| Stockholders' EquityBook value | $1.4B | $2.0B |
| Total Assets | $3.2B | $2.9B |
| Debt / EquityLower = less leverage | 0.69× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $222.6M | $405.5M | ||
| Q3 25 | $199.7M | $457.7M | ||
| Q2 25 | $191.9M | $369.3M | ||
| Q1 25 | $231.2M | $336.8M | ||
| Q4 24 | $165.8M | $386.9M | ||
| Q3 24 | $161.2M | $303.9M | ||
| Q2 24 | $130.4M | $279.4M | ||
| Q1 24 | $22.6M | $237.1M |
| Q4 25 | $945.2M | — | ||
| Q3 25 | $947.8M | — | ||
| Q2 25 | $948.0M | — | ||
| Q1 25 | $938.3M | — | ||
| Q4 24 | $757.3M | — | ||
| Q3 24 | $822.5M | — | ||
| Q2 24 | $829.7M | — | ||
| Q1 24 | $855.3M | — |
| Q4 25 | $1.4B | $2.0B | ||
| Q3 25 | $1.4B | $2.0B | ||
| Q2 25 | $1.4B | $1.9B | ||
| Q1 25 | $1.4B | $1.8B | ||
| Q4 24 | $1.4B | $1.7B | ||
| Q3 24 | $1.4B | $1.7B | ||
| Q2 24 | $1.4B | $1.6B | ||
| Q1 24 | $1.4B | $1.6B |
| Q4 25 | $3.2B | $2.9B | ||
| Q3 25 | $3.2B | $2.7B | ||
| Q2 25 | $3.2B | $2.6B | ||
| Q1 25 | $3.1B | $2.5B | ||
| Q4 24 | $2.9B | $2.4B | ||
| Q3 24 | $3.0B | $2.4B | ||
| Q2 24 | $3.0B | $2.4B | ||
| Q1 24 | $3.0B | $2.3B |
| Q4 25 | 0.69× | — | ||
| Q3 25 | 0.70× | — | ||
| Q2 25 | 0.68× | — | ||
| Q1 25 | 0.69× | — | ||
| Q4 24 | 0.55× | — | ||
| Q3 24 | 0.58× | — | ||
| Q2 24 | 0.60× | — | ||
| Q1 24 | 0.63× | — |
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 | $78.9M | $154.7M |
| Free Cash FlowOCF − Capex | $64.3M | $140.3M |
| FCF MarginFCF / Revenue | 6.9% | 22.4% |
| Capex IntensityCapex / Revenue | 1.6% | 2.3% |
| Cash ConversionOCF / Net Profit | 4.22× | 1.85× |
| TTM Free Cash FlowTrailing 4 quarters | $278.3M | $356.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $78.9M | $154.7M | ||
| Q3 25 | $97.2M | $122.4M | ||
| Q2 25 | $112.2M | $69.7M | ||
| Q1 25 | $42.7M | $55.2M | ||
| Q4 24 | $106.6M | $139.5M | ||
| Q3 24 | $78.4M | $90.7M | ||
| Q2 24 | $192.9M | $85.3M | ||
| Q1 24 | $-7.7M | $45.6M |
| Q4 25 | $64.3M | $140.3M | ||
| Q3 25 | $80.9M | $110.9M | ||
| Q2 25 | $99.5M | $59.5M | ||
| Q1 25 | $33.7M | $45.6M | ||
| Q4 24 | $95.7M | $127.5M | ||
| Q3 24 | $68.3M | $84.3M | ||
| Q2 24 | $180.2M | $78.5M | ||
| Q1 24 | $-16.3M | $35.5M |
| Q4 25 | 6.9% | 22.4% | ||
| Q3 25 | 7.8% | 18.1% | ||
| Q2 25 | 9.0% | 9.2% | ||
| Q1 25 | 3.2% | 8.2% | ||
| Q4 24 | 11.9% | 23.6% | ||
| Q3 24 | 7.5% | 15.5% | ||
| Q2 24 | 17.1% | 13.1% | ||
| Q1 24 | -1.7% | 6.2% |
| Q4 25 | 1.6% | 2.3% | ||
| Q3 25 | 1.6% | 1.9% | ||
| Q2 25 | 1.2% | 1.6% | ||
| Q1 25 | 0.9% | 1.7% | ||
| Q4 24 | 1.4% | 2.2% | ||
| Q3 24 | 1.1% | 1.2% | ||
| Q2 24 | 1.2% | 1.1% | ||
| Q1 24 | 0.9% | 1.8% |
| Q4 25 | 4.22× | 1.85× | ||
| Q3 25 | 1.55× | 1.49× | ||
| Q2 25 | 1.95× | 0.69× | ||
| Q1 25 | 0.86× | 0.75× | ||
| Q4 24 | 11.17× | 2.07× | ||
| Q3 24 | 2.20× | 1.31× | ||
| Q2 24 | 3.15× | 1.04× | ||
| Q1 24 | -0.21× | 0.63× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LCII
| Travel Trailer And Fifth Wheels | $378.4M | 41% |
| Chassis Chassis Partsand Slideout Mechanisms | $206.1M | 22% |
| Furnitureand Mattresses | $120.4M | 13% |
| Appliances | $69.9M | 7% |
| Other Products | $69.1M | 7% |
| Axlesand Suspension Solutions | $62.3M | 7% |
| Motorhomes | $34.2M | 4% |
WTS
Segment breakdown not available.
