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Side-by-side financial comparison of Noble Corp plc (NE) and WATTS WATER TECHNOLOGIES INC (WTS). Click either name above to swap in a different company.
Noble Corp plc is the larger business by last-quarter revenue ($764.4M vs $625.1M, roughly 1.2× WATTS WATER TECHNOLOGIES INC). WATTS WATER TECHNOLOGIES INC runs the higher net margin — 13.4% vs 11.3%, a 2.1% gap on every dollar of revenue. On growth, WATTS WATER TECHNOLOGIES INC posted the faster year-over-year revenue change (15.7% vs -17.6%). WATTS WATER TECHNOLOGIES INC produced more free cash flow last quarter ($140.3M vs $35.4M). Over the past eight quarters, Noble Corp plc's revenue compounded faster (9.5% CAGR vs 4.6%).
Barnes & Noble Booksellers is an American bookseller with the largest number of retail outlets in the United States. The company operates approximately 700+ retail stores across the United States.
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...
NE vs WTS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $764.4M | $625.1M |
| Net Profit | $86.6M | $83.7M |
| Gross Margin | — | 49.5% |
| Operating Margin | 5.6% | 18.2% |
| Net Margin | 11.3% | 13.4% |
| Revenue YoY | -17.6% | 15.7% |
| Net Profit YoY | -10.4% | 24.0% |
| EPS (diluted) | $0.54 | $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 | $764.4M | $625.1M | ||
| Q3 25 | $798.0M | $611.7M | ||
| Q2 25 | $848.7M | $643.7M | ||
| Q1 25 | $874.5M | $558.0M | ||
| Q4 24 | $927.3M | $540.4M | ||
| Q3 24 | $800.5M | $543.6M | ||
| Q2 24 | $692.8M | $597.3M | ||
| Q1 24 | $637.1M | $570.9M |
| Q4 25 | $86.6M | $83.7M | ||
| Q3 25 | $-21.1M | $82.2M | ||
| Q2 25 | $42.9M | $100.9M | ||
| Q1 25 | $108.3M | $74.0M | ||
| Q4 24 | $96.6M | $67.5M | ||
| Q3 24 | $61.2M | $69.1M | ||
| Q2 24 | $195.0M | $82.0M | ||
| Q1 24 | $95.5M | $72.6M |
| Q4 25 | — | 49.5% | ||
| Q3 25 | — | 48.8% | ||
| Q2 25 | — | 50.6% | ||
| Q1 25 | — | 48.8% | ||
| Q4 24 | — | 46.7% | ||
| Q3 24 | — | 47.3% | ||
| Q2 24 | — | 47.7% | ||
| Q1 24 | — | 46.9% |
| Q4 25 | 5.6% | 18.2% | ||
| Q3 25 | 6.3% | 18.2% | ||
| Q2 25 | 15.9% | 21.0% | ||
| Q1 25 | 21.4% | 15.7% | ||
| Q4 24 | 18.4% | 16.5% | ||
| Q3 24 | 14.4% | 17.1% | ||
| Q2 24 | 30.3% | 18.7% | ||
| Q1 24 | 16.9% | 16.9% |
| Q4 25 | 11.3% | 13.4% | ||
| Q3 25 | -2.6% | 13.4% | ||
| Q2 25 | 5.1% | 15.7% | ||
| Q1 25 | 12.4% | 13.3% | ||
| Q4 24 | 10.4% | 12.5% | ||
| Q3 24 | 7.6% | 12.7% | ||
| Q2 24 | 28.1% | 13.7% | ||
| Q1 24 | 15.0% | 12.7% |
| Q4 25 | $0.54 | $2.50 | ||
| Q3 25 | $-0.13 | $2.45 | ||
| Q2 25 | $0.27 | $3.01 | ||
| Q1 25 | $0.67 | $2.21 | ||
| Q4 24 | $0.56 | $2.02 | ||
| Q3 24 | $0.40 | $2.06 | ||
| Q2 24 | $1.34 | $2.44 | ||
| Q1 24 | $0.66 | $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 | $471.4M | $405.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $4.5B | $2.0B |
| Total Assets | $7.5B | $2.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $471.4M | $405.5M | ||
| Q3 25 | $477.9M | $457.7M | ||
| Q2 25 | $338.2M | $369.3M | ||
| Q1 25 | $303.8M | $336.8M | ||
| Q4 24 | $247.3M | $386.9M | ||
| Q3 24 | $391.9M | $303.9M | ||
| Q2 24 | $162.9M | $279.4M | ||
| Q1 24 | $212.5M | $237.1M |
| Q4 25 | $4.5B | $2.0B | ||
| Q3 25 | $4.5B | $2.0B | ||
| Q2 25 | $4.6B | $1.9B | ||
| Q1 25 | $4.7B | $1.8B | ||
| Q4 24 | $4.7B | $1.7B | ||
| Q3 24 | $4.7B | $1.7B | ||
| Q2 24 | $4.0B | $1.6B | ||
| Q1 24 | $3.9B | $1.6B |
| Q4 25 | $7.5B | $2.9B | ||
| Q3 25 | $7.6B | $2.7B | ||
| Q2 25 | $7.7B | $2.6B | ||
| Q1 25 | $7.9B | $2.5B | ||
| Q4 24 | $8.0B | $2.4B | ||
| Q3 24 | $8.0B | $2.4B | ||
| Q2 24 | $5.6B | $2.4B | ||
| Q1 24 | $5.4B | $2.3B |
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 | $187.1M | $154.7M |
| Free Cash FlowOCF − Capex | $35.4M | $140.3M |
| FCF MarginFCF / Revenue | 4.6% | 22.4% |
| Capex IntensityCapex / Revenue | 19.9% | 2.3% |
| Cash ConversionOCF / Net Profit | 2.16× | 1.85× |
| TTM Free Cash FlowTrailing 4 quarters | $432.2M | $356.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $187.1M | $154.7M | ||
| Q3 25 | $277.1M | $122.4M | ||
| Q2 25 | $216.4M | $69.7M | ||
| Q1 25 | $271.1M | $55.2M | ||
| Q4 24 | $136.2M | $139.5M | ||
| Q3 24 | $283.8M | $90.7M | ||
| Q2 24 | $106.8M | $85.3M | ||
| Q1 24 | $128.7M | $45.6M |
| Q4 25 | $35.4M | $140.3M | ||
| Q3 25 | $139.5M | $110.9M | ||
| Q2 25 | $99.8M | $59.5M | ||
| Q1 25 | $157.5M | $45.6M | ||
| Q4 24 | $-4.4M | $127.5M | ||
| Q3 24 | $156.8M | $84.3M | ||
| Q2 24 | $-34.3M | $78.5M | ||
| Q1 24 | $-37.9M | $35.5M |
| Q4 25 | 4.6% | 22.4% | ||
| Q3 25 | 17.5% | 18.1% | ||
| Q2 25 | 11.8% | 9.2% | ||
| Q1 25 | 18.0% | 8.2% | ||
| Q4 24 | -0.5% | 23.6% | ||
| Q3 24 | 19.6% | 15.5% | ||
| Q2 24 | -4.9% | 13.1% | ||
| Q1 24 | -6.0% | 6.2% |
| Q4 25 | 19.9% | 2.3% | ||
| Q3 25 | 17.3% | 1.9% | ||
| Q2 25 | 13.7% | 1.6% | ||
| Q1 25 | 13.0% | 1.7% | ||
| Q4 24 | 15.2% | 2.2% | ||
| Q3 24 | 15.9% | 1.2% | ||
| Q2 24 | 20.4% | 1.1% | ||
| Q1 24 | 26.2% | 1.8% |
| Q4 25 | 2.16× | 1.85× | ||
| Q3 25 | — | 1.49× | ||
| Q2 25 | 5.05× | 0.69× | ||
| Q1 25 | 2.50× | 0.75× | ||
| Q4 24 | 1.41× | 2.07× | ||
| Q3 24 | 4.64× | 1.31× | ||
| Q2 24 | 0.55× | 1.04× | ||
| Q1 24 | 1.35× | 0.63× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NE
| Floaters | $559.8M | 73% |
| Jackups | $145.5M | 19% |
| Service Other | $59.1M | 8% |
WTS
Segment breakdown not available.
