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Side-by-side financial comparison of Microchip Technology (MCHP) and WATTS WATER TECHNOLOGIES INC (WTS). Click either name above to swap in a different company.
Microchip Technology is the larger business by last-quarter revenue ($1.3B vs $677.3M, roughly 1.9× WATTS WATER TECHNOLOGIES INC). WATTS WATER TECHNOLOGIES INC runs the higher net margin — 14.7% vs 11.0%, a 3.7% gap on every dollar of revenue. On growth, WATTS WATER TECHNOLOGIES INC posted the faster year-over-year revenue change (21.4% vs -72.2%). Microchip Technology produced more free cash flow last quarter ($242.8M vs $6.6M). Over the past eight quarters, WATTS WATER TECHNOLOGIES INC's revenue compounded faster (6.5% CAGR vs 2.8%).
Microchip Technology Incorporated is an American publicly traded semiconductor corporation that manufactures microcontroller, mixed-signal, analog, and Flash-IP integrated circuits.
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...
MCHP vs WTS — Head-to-Head
Income Statement — Q4 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.3B | $677.3M |
| Net Profit | $144.2M | $99.6M |
| Gross Margin | 61.0% | 48.1% |
| Operating Margin | 16.6% | 19.6% |
| Net Margin | 11.0% | 14.7% |
| Revenue YoY | -72.2% | 21.4% |
| Net Profit YoY | 8.9% | 34.6% |
| EPS (diluted) | $0.21 | $2.97 |
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.
| Q1 26 | $1.3B | $677.3M | ||
| Q4 25 | $1.2B | $625.1M | ||
| Q3 25 | $1.1B | $611.7M | ||
| Q2 25 | $1.1B | $643.7M | ||
| Q1 25 | $970.5M | $558.0M | ||
| Q4 24 | $1.0B | $540.4M | ||
| Q3 24 | $1.2B | $543.6M | ||
| Q2 24 | $1.2B | $597.3M |
| Q1 26 | $144.2M | $99.6M | ||
| Q4 25 | $62.7M | $83.7M | ||
| Q3 25 | $41.7M | $82.2M | ||
| Q2 25 | $-18.6M | $100.9M | ||
| Q1 25 | $-154.6M | $74.0M | ||
| Q4 24 | $-53.6M | $67.5M | ||
| Q3 24 | $78.4M | $69.1M | ||
| Q2 24 | $129.3M | $82.0M |
| Q1 26 | 61.0% | 48.1% | ||
| Q4 25 | 59.6% | 49.5% | ||
| Q3 25 | 55.9% | 48.8% | ||
| Q2 25 | 53.6% | 50.6% | ||
| Q1 25 | 51.6% | 48.8% | ||
| Q4 24 | 54.7% | 46.7% | ||
| Q3 24 | 57.4% | 47.3% | ||
| Q2 24 | 59.4% | 47.7% |
| Q1 26 | 16.6% | 19.6% | ||
| Q4 25 | 12.8% | 18.2% | ||
| Q3 25 | 7.8% | 18.2% | ||
| Q2 25 | 3.0% | 21.0% | ||
| Q1 25 | -10.3% | 15.7% | ||
| Q4 24 | 3.0% | 16.5% | ||
| Q3 24 | 12.6% | 17.1% | ||
| Q2 24 | 17.7% | 18.7% |
| Q1 26 | 11.0% | 14.7% | ||
| Q4 25 | 5.3% | 13.4% | ||
| Q3 25 | 3.7% | 13.4% | ||
| Q2 25 | -1.7% | 15.7% | ||
| Q1 25 | -15.9% | 13.3% | ||
| Q4 24 | -5.2% | 12.5% | ||
| Q3 24 | 6.7% | 12.7% | ||
| Q2 24 | 10.4% | 13.7% |
| Q1 26 | $0.21 | $2.97 | ||
| Q4 25 | $0.06 | $2.50 | ||
| Q3 25 | $0.03 | $2.45 | ||
| Q2 25 | $-0.09 | $3.01 | ||
| Q1 25 | $-0.29 | $2.21 | ||
| Q4 24 | $-0.10 | $2.02 | ||
| Q3 24 | $0.14 | $2.06 | ||
| Q2 24 | $0.24 | $2.44 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $240.3M | $374.7M |
| Total DebtLower is stronger | $5.5B | $197.8M |
| Stockholders' EquityBook value | $6.4B | $2.1B |
| Total Assets | $14.4B | $2.9B |
| Debt / EquityLower = less leverage | 0.85× | 0.09× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $240.3M | $374.7M | ||
| Q4 25 | $250.7M | $405.5M | ||
| Q3 25 | $236.8M | $457.7M | ||
| Q2 25 | $566.5M | $369.3M | ||
| Q1 25 | $771.7M | $336.8M | ||
| Q4 24 | $586.0M | $386.9M | ||
| Q3 24 | $286.1M | $303.9M | ||
| Q2 24 | $315.1M | $279.4M |
| Q1 26 | $5.5B | $197.8M | ||
| Q4 25 | $5.4B | — | ||
| Q3 25 | $5.4B | — | ||
| Q2 25 | $5.5B | — | ||
| Q1 25 | $5.6B | — | ||
| Q4 24 | $6.7B | — | ||
| Q3 24 | $6.4B | — | ||
| Q2 24 | $6.2B | — |
| Q1 26 | $6.4B | $2.1B | ||
| Q4 25 | $6.6B | $2.0B | ||
| Q3 25 | $6.7B | $2.0B | ||
| Q2 25 | $6.9B | $1.9B | ||
| Q1 25 | $7.1B | $1.8B | ||
| Q4 24 | $6.0B | $1.7B | ||
| Q3 24 | $6.3B | $1.7B | ||
| Q2 24 | $6.4B | $1.6B |
| Q1 26 | $14.4B | $2.9B | ||
| Q4 25 | $14.3B | $2.9B | ||
| Q3 25 | $14.5B | $2.7B | ||
| Q2 25 | $15.0B | $2.6B | ||
| Q1 25 | $15.4B | $2.5B | ||
| Q4 24 | $15.6B | $2.4B | ||
| Q3 24 | $15.6B | $2.4B | ||
| Q2 24 | $15.8B | $2.4B |
| Q1 26 | 0.85× | 0.09× | ||
| Q4 25 | 0.82× | — | ||
| Q3 25 | 0.80× | — | ||
| Q2 25 | 0.80× | — | ||
| Q1 25 | 0.80× | — | ||
| Q4 24 | 1.12× | — | ||
| Q3 24 | 1.02× | — | ||
| Q2 24 | 0.96× | — |
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 | — | $17.9M |
| Free Cash FlowOCF − Capex | $242.8M | $6.6M |
| FCF MarginFCF / Revenue | 18.5% | 1.0% |
| Capex IntensityCapex / Revenue | 1.1% | — |
| Cash ConversionOCF / Net Profit | — | 0.18× |
| TTM Free Cash FlowTrailing 4 quarters | $871.0M | $317.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $17.9M | ||
| Q4 25 | $341.4M | $154.7M | ||
| Q3 25 | $88.1M | $122.4M | ||
| Q2 25 | $275.6M | $69.7M | ||
| Q1 25 | $205.9M | $55.2M | ||
| Q4 24 | $271.5M | $139.5M | ||
| Q3 24 | $43.6M | $90.7M | ||
| Q2 24 | $377.1M | $85.3M |
| Q1 26 | $242.8M | $6.6M | ||
| Q4 25 | $318.9M | $140.3M | ||
| Q3 25 | $51.6M | $110.9M | ||
| Q2 25 | $257.7M | $59.5M | ||
| Q1 25 | $191.7M | $45.6M | ||
| Q4 24 | $253.4M | $127.5M | ||
| Q3 24 | $22.8M | $84.3M | ||
| Q2 24 | $304.2M | $78.5M |
| Q1 26 | 18.5% | 1.0% | ||
| Q4 25 | 26.9% | 22.4% | ||
| Q3 25 | 4.5% | 18.1% | ||
| Q2 25 | 24.0% | 9.2% | ||
| Q1 25 | 19.8% | 8.2% | ||
| Q4 24 | 24.7% | 23.6% | ||
| Q3 24 | 2.0% | 15.5% | ||
| Q2 24 | 24.5% | 13.1% |
| Q1 26 | 1.1% | — | ||
| Q4 25 | 1.9% | 2.3% | ||
| Q3 25 | 3.2% | 1.9% | ||
| Q2 25 | 1.7% | 1.6% | ||
| Q1 25 | 1.5% | 1.7% | ||
| Q4 24 | 1.8% | 2.2% | ||
| Q3 24 | 1.8% | 1.2% | ||
| Q2 24 | 5.9% | 1.1% |
| Q1 26 | — | 0.18× | ||
| Q4 25 | 5.44× | 1.85× | ||
| Q3 25 | 2.11× | 1.49× | ||
| Q2 25 | — | 0.69× | ||
| Q1 25 | — | 0.75× | ||
| Q4 24 | — | 2.07× | ||
| Q3 24 | 0.56× | 1.31× | ||
| Q2 24 | 2.92× | 1.04× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MCHP
Segment breakdown not available.
WTS
| segment net | $517.8M | 76% |
| Other | $159.5M | 24% |
