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Side-by-side financial comparison of MATTEL INC (MAT) and WATTS WATER TECHNOLOGIES INC (WTS). Click either name above to swap in a different company.

MATTEL INC is the larger business by last-quarter revenue ($862.2M vs $625.1M, roughly 1.4× WATTS WATER TECHNOLOGIES INC). WATTS WATER TECHNOLOGIES INC runs the higher net margin — 13.4% vs 7.1%, a 6.3% gap on every dollar of revenue. On growth, WATTS WATER TECHNOLOGIES INC posted the faster year-over-year revenue change (15.7% vs 4.3%). WATTS WATER TECHNOLOGIES INC produced more free cash flow last quarter ($140.3M vs $-88.1M). Over the past eight quarters, WATTS WATER TECHNOLOGIES INC's revenue compounded faster (4.6% CAGR vs -10.6%).

Mattel Films was the film production division of American toy and entertainment company Mattel that operated from September 6, 2018 to June 2, 2025. It succeeded Mattel Playground Productions, which was formed on October 16, 2013 as part of Mattel Global Brands, a unified media structural and strategy unit, as itself the successor to Mattel Entertainment and Mattel Studios, Mattel's prior entertainment brands/banners.

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...

MAT vs WTS — Head-to-Head

Bigger by revenue
MAT
MAT
1.4× larger
MAT
$862.2M
$625.1M
WTS
Growing faster (revenue YoY)
WTS
WTS
+11.4% gap
WTS
15.7%
4.3%
MAT
Higher net margin
WTS
WTS
6.3% more per $
WTS
13.4%
7.1%
MAT
More free cash flow
WTS
WTS
$228.4M more FCF
WTS
$140.3M
$-88.1M
MAT
Faster 2-yr revenue CAGR
WTS
WTS
Annualised
WTS
4.6%
-10.6%
MAT

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
MAT
MAT
WTS
WTS
Revenue
$862.2M
$625.1M
Net Profit
$61.0M
$83.7M
Gross Margin
44.9%
49.5%
Operating Margin
18.2%
Net Margin
7.1%
13.4%
Revenue YoY
4.3%
15.7%
Net Profit YoY
251.4%
24.0%
EPS (diluted)
$0.20
$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
MAT
MAT
WTS
WTS
Q1 26
$862.2M
Q4 25
$1.8B
$625.1M
Q3 25
$1.7B
$611.7M
Q2 25
$1.0B
$643.7M
Q1 25
$826.6M
$558.0M
Q4 24
$1.6B
$540.4M
Q3 24
$1.8B
$543.6M
Q2 24
$1.1B
$597.3M
Net Profit
MAT
MAT
WTS
WTS
Q1 26
$61.0M
Q4 25
$106.2M
$83.7M
Q3 25
$278.4M
$82.2M
Q2 25
$53.4M
$100.9M
Q1 25
$-40.3M
$74.0M
Q4 24
$140.9M
$67.5M
Q3 24
$372.4M
$69.1M
Q2 24
$56.9M
$82.0M
Gross Margin
MAT
MAT
WTS
WTS
Q1 26
44.9%
Q4 25
45.9%
49.5%
Q3 25
50.0%
48.8%
Q2 25
50.9%
50.6%
Q1 25
49.4%
48.8%
Q4 24
50.7%
46.7%
Q3 24
53.1%
47.3%
Q2 24
49.2%
47.7%
Operating Margin
MAT
MAT
WTS
WTS
Q1 26
Q4 25
8.0%
18.2%
Q3 25
21.9%
18.2%
Q2 25
7.7%
21.0%
Q1 25
-6.4%
15.7%
Q4 24
9.6%
16.5%
Q3 24
26.5%
17.1%
Q2 24
7.7%
18.7%
Net Margin
MAT
MAT
WTS
WTS
Q1 26
7.1%
Q4 25
6.0%
13.4%
Q3 25
16.0%
13.4%
Q2 25
5.2%
15.7%
Q1 25
-4.9%
13.3%
Q4 24
8.6%
12.5%
Q3 24
20.2%
12.7%
Q2 24
5.3%
13.7%
EPS (diluted)
MAT
MAT
WTS
WTS
Q1 26
$0.20
Q4 25
$0.32
$2.50
Q3 25
$0.88
$2.45
Q2 25
$0.16
$3.01
Q1 25
$-0.12
$2.21
Q4 24
$0.40
$2.02
Q3 24
$1.09
$2.06
Q2 24
$0.17
$2.44

Balance Sheet & Financial Strength

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

Metric
MAT
MAT
WTS
WTS
Cash + ST InvestmentsLiquidity on hand
$866.0M
$405.5M
Total DebtLower is stronger
$2.3B
Stockholders' EquityBook value
$2.1B
$2.0B
Total Assets
$6.3B
$2.9B
Debt / EquityLower = less leverage
1.11×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MAT
MAT
WTS
WTS
Q1 26
$866.0M
Q4 25
$1.2B
$405.5M
Q3 25
$691.9M
$457.7M
Q2 25
$870.5M
$369.3M
Q1 25
$1.2B
$336.8M
Q4 24
$1.4B
$386.9M
Q3 24
$723.5M
$303.9M
Q2 24
$722.4M
$279.4M
Total Debt
MAT
MAT
WTS
WTS
Q1 26
$2.3B
Q4 25
$2.3B
Q3 25
$2.3B
Q2 25
$2.3B
Q1 25
$2.3B
Q4 24
$2.3B
Q3 24
$2.3B
Q2 24
$2.3B
Stockholders' Equity
MAT
MAT
WTS
WTS
Q1 26
$2.1B
Q4 25
$2.2B
$2.0B
Q3 25
$2.3B
$2.0B
Q2 25
$2.2B
$1.9B
Q1 25
$2.1B
$1.8B
Q4 24
$2.3B
$1.7B
Q3 24
$2.3B
$1.7B
Q2 24
$2.0B
$1.6B
Total Assets
MAT
MAT
WTS
WTS
Q1 26
$6.3B
Q4 25
$6.6B
$2.9B
Q3 25
$6.6B
$2.7B
Q2 25
$6.2B
$2.6B
Q1 25
$6.2B
$2.5B
Q4 24
$6.5B
$2.4B
Q3 24
$6.5B
$2.4B
Q2 24
$5.9B
$2.4B
Debt / Equity
MAT
MAT
WTS
WTS
Q1 26
1.11×
Q4 25
1.04×
Q3 25
1.03×
Q2 25
1.08×
Q1 25
1.10×
Q4 24
1.03×
Q3 24
1.01×
Q2 24
1.18×

Cash Flow & Capital Efficiency

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

Metric
MAT
MAT
WTS
WTS
Operating Cash FlowLast quarter
$154.7M
Free Cash FlowOCF − Capex
$-88.1M
$140.3M
FCF MarginFCF / Revenue
-10.2%
22.4%
Capex IntensityCapex / Revenue
7.6%
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
MAT
MAT
WTS
WTS
Q1 26
Q4 25
$796.6M
$154.7M
Q3 25
$72.0M
$122.4M
Q2 25
$-300.1M
$69.7M
Q1 25
$24.8M
$55.2M
Q4 24
$862.1M
$139.5M
Q3 24
$155.8M
$90.7M
Q2 24
$-252.9M
$85.3M
Free Cash Flow
MAT
MAT
WTS
WTS
Q1 26
$-88.1M
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
MAT
MAT
WTS
WTS
Q1 26
-10.2%
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
MAT
MAT
WTS
WTS
Q1 26
7.6%
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
MAT
MAT
WTS
WTS
Q1 26
Q4 25
7.50×
1.85×
Q3 25
0.26×
1.49×
Q2 25
-5.62×
0.69×
Q1 25
0.75×
Q4 24
6.12×
2.07×
Q3 24
0.42×
1.31×
Q2 24
-4.45×
1.04×

Financial Flow Comparison

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

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