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Side-by-side financial comparison of NATIONAL HEALTHCARE CORP (NHC) 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 $386.5M, roughly 1.6× NATIONAL HEALTHCARE CORP). WATTS WATER TECHNOLOGIES INC runs the higher net margin — 13.4% vs 6.4%, a 7.0% gap on every dollar of revenue. On growth, WATTS WATER TECHNOLOGIES INC posted the faster year-over-year revenue change (15.7% vs 4.6%). WATTS WATER TECHNOLOGIES INC produced more free cash flow last quarter ($140.3M vs $6.4M). Over the past eight quarters, NATIONAL HEALTHCARE CORP's revenue compounded faster (14.0% CAGR vs 4.6%).

HCA Healthcare, Inc. is an American global for-profit operator of health care facilities that was founded in 1968. It is based in Nashville, Tennessee, and, as of May 2020, owned and operated 186 hospitals and approximately 2,400 sites of care, including surgery centers, freestanding emergency rooms, urgent care centers and physician clinics in 20 states and the United Kingdom. As of 2024, HCA Healthcare is ranked #61 on the Fortune 500 rankings of the largest United States corporations by to...

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...

NHC vs WTS — Head-to-Head

Bigger by revenue
WTS
WTS
1.6× larger
WTS
$625.1M
$386.5M
NHC
Growing faster (revenue YoY)
WTS
WTS
+11.0% gap
WTS
15.7%
4.6%
NHC
Higher net margin
WTS
WTS
7.0% more per $
WTS
13.4%
6.4%
NHC
More free cash flow
WTS
WTS
$133.9M more FCF
WTS
$140.3M
$6.4M
NHC
Faster 2-yr revenue CAGR
NHC
NHC
Annualised
NHC
14.0%
4.6%
WTS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
NHC
NHC
WTS
WTS
Revenue
$386.5M
$625.1M
Net Profit
$24.8M
$83.7M
Gross Margin
49.5%
Operating Margin
8.6%
18.2%
Net Margin
6.4%
13.4%
Revenue YoY
4.6%
15.7%
Net Profit YoY
308.6%
24.0%
EPS (diluted)
$1.58
$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
NHC
NHC
WTS
WTS
Q4 25
$386.5M
$625.1M
Q3 25
$382.7M
$611.7M
Q2 25
$374.9M
$643.7M
Q1 25
$373.7M
$558.0M
Q4 24
$369.4M
$540.4M
Q3 24
$340.2M
$543.6M
Q2 24
$300.7M
$597.3M
Q1 24
$297.2M
$570.9M
Net Profit
NHC
NHC
WTS
WTS
Q4 25
$24.8M
$83.7M
Q3 25
$39.2M
$82.2M
Q2 25
$23.7M
$100.9M
Q1 25
$32.2M
$74.0M
Q4 24
$6.1M
$67.5M
Q3 24
$42.8M
$69.1M
Q2 24
$26.8M
$82.0M
Q1 24
$26.2M
$72.6M
Gross Margin
NHC
NHC
WTS
WTS
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%
Operating Margin
NHC
NHC
WTS
WTS
Q4 25
8.6%
18.2%
Q3 25
7.9%
18.2%
Q2 25
9.1%
21.0%
Q1 25
8.2%
15.7%
Q4 24
7.8%
16.5%
Q3 24
6.7%
17.1%
Q2 24
7.5%
18.7%
Q1 24
5.3%
16.9%
Net Margin
NHC
NHC
WTS
WTS
Q4 25
6.4%
13.4%
Q3 25
10.3%
13.4%
Q2 25
6.3%
15.7%
Q1 25
8.6%
13.3%
Q4 24
1.6%
12.5%
Q3 24
12.6%
12.7%
Q2 24
8.9%
13.7%
Q1 24
8.8%
12.7%
EPS (diluted)
NHC
NHC
WTS
WTS
Q4 25
$1.58
$2.50
Q3 25
$2.50
$2.45
Q2 25
$1.52
$3.01
Q1 25
$2.07
$2.21
Q4 24
$0.38
$2.02
Q3 24
$2.73
$2.06
Q2 24
$1.73
$2.44
Q1 24
$1.69
$2.17

Balance Sheet & Financial Strength

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

Metric
NHC
NHC
WTS
WTS
Cash + ST InvestmentsLiquidity on hand
$92.8M
$405.5M
Total DebtLower is stronger
$40.0M
Stockholders' EquityBook value
$1.1B
$2.0B
Total Assets
$1.5B
$2.9B
Debt / EquityLower = less leverage
0.04×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NHC
NHC
WTS
WTS
Q4 25
$92.8M
$405.5M
Q3 25
$130.6M
$457.7M
Q2 25
$111.0M
$369.3M
Q1 25
$90.4M
$336.8M
Q4 24
$76.1M
$386.9M
Q3 24
$84.8M
$303.9M
Q2 24
$136.2M
$279.4M
Q1 24
$94.0M
$237.1M
Total Debt
NHC
NHC
WTS
WTS
Q4 25
$40.0M
Q3 25
$73.1M
Q2 25
$110.0M
Q1 25
$134.0M
Q4 24
$137.0M
Q3 24
$147.0M
Q2 24
Q1 24
Stockholders' Equity
NHC
NHC
WTS
WTS
Q4 25
$1.1B
$2.0B
Q3 25
$1.1B
$2.0B
Q2 25
$1.0B
$1.9B
Q1 25
$1.0B
$1.8B
Q4 24
$980.2M
$1.7B
Q3 24
$983.5M
$1.7B
Q2 24
$945.8M
$1.6B
Q1 24
$924.7M
$1.6B
Total Assets
NHC
NHC
WTS
WTS
Q4 25
$1.5B
$2.9B
Q3 25
$1.6B
$2.7B
Q2 25
$1.6B
$2.6B
Q1 25
$1.5B
$2.5B
Q4 24
$1.5B
$2.4B
Q3 24
$1.6B
$2.4B
Q2 24
$1.3B
$2.4B
Q1 24
$1.3B
$2.3B
Debt / Equity
NHC
NHC
WTS
WTS
Q4 25
0.04×
Q3 25
0.07×
Q2 25
0.11×
Q1 25
0.13×
Q4 24
0.14×
Q3 24
0.15×
Q2 24
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
NHC
NHC
WTS
WTS
Operating Cash FlowLast quarter
$16.8M
$154.7M
Free Cash FlowOCF − Capex
$6.4M
$140.3M
FCF MarginFCF / Revenue
1.7%
22.4%
Capex IntensityCapex / Revenue
2.7%
2.3%
Cash ConversionOCF / Net Profit
0.68×
1.85×
TTM Free Cash FlowTrailing 4 quarters
$148.6M
$356.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NHC
NHC
WTS
WTS
Q4 25
$16.8M
$154.7M
Q3 25
$66.2M
$122.4M
Q2 25
$62.8M
$69.7M
Q1 25
$39.3M
$55.2M
Q4 24
$12.8M
$139.5M
Q3 24
$34.2M
$90.7M
Q2 24
$50.7M
$85.3M
Q1 24
$9.6M
$45.6M
Free Cash Flow
NHC
NHC
WTS
WTS
Q4 25
$6.4M
$140.3M
Q3 25
$56.5M
$110.9M
Q2 25
$52.6M
$59.5M
Q1 25
$33.1M
$45.6M
Q4 24
$4.6M
$127.5M
Q3 24
$28.6M
$84.3M
Q2 24
$42.8M
$78.5M
Q1 24
$3.7M
$35.5M
FCF Margin
NHC
NHC
WTS
WTS
Q4 25
1.7%
22.4%
Q3 25
14.8%
18.1%
Q2 25
14.0%
9.2%
Q1 25
8.9%
8.2%
Q4 24
1.3%
23.6%
Q3 24
8.4%
15.5%
Q2 24
14.2%
13.1%
Q1 24
1.2%
6.2%
Capex Intensity
NHC
NHC
WTS
WTS
Q4 25
2.7%
2.3%
Q3 25
2.5%
1.9%
Q2 25
2.7%
1.6%
Q1 25
1.6%
1.7%
Q4 24
2.2%
2.2%
Q3 24
1.7%
1.2%
Q2 24
2.6%
1.1%
Q1 24
2.0%
1.8%
Cash Conversion
NHC
NHC
WTS
WTS
Q4 25
0.68×
1.85×
Q3 25
1.69×
1.49×
Q2 25
2.65×
0.69×
Q1 25
1.22×
0.75×
Q4 24
2.10×
2.07×
Q3 24
0.80×
1.31×
Q2 24
1.89×
1.04×
Q1 24
0.37×
0.63×

Financial Flow Comparison

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

Revenue Breakdown by Segment

NHC
NHC

Inpatient Services Segment$333.7M86%
Homecare Services Segment$40.0M10%
Other$11.2M3%
National$1.6M0%

WTS
WTS

Segment breakdown not available.

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