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Side-by-side financial comparison of NEWELL BRANDS INC. (NWL) and WESTERN ALLIANCE BANCORPORATION (WAL). Click either name above to swap in a different company.

NEWELL BRANDS INC. is the larger business by last-quarter revenue ($1.9B vs $1.0B, roughly 1.9× WESTERN ALLIANCE BANCORPORATION). WESTERN ALLIANCE BANCORPORATION runs the higher net margin — 18.6% vs -16.6%, a 35.2% gap on every dollar of revenue. On growth, WESTERN ALLIANCE BANCORPORATION posted the faster year-over-year revenue change (31.0% vs -2.7%). Over the past eight quarters, WESTERN ALLIANCE BANCORPORATION's revenue compounded faster (14.9% CAGR vs 7.1%).

Newell Brands Inc. is an American conglomerate of consumer and commercial products. The company's brands and products include Rubbermaid storage/or waste disposal containers; home organization and reusable container products; Contigo and Bubba water bottles; Coleman outdoor products; writing instruments glue ; children's products ; cookware and small appliances and fragrance products.

Western Alliance Bancorporation is a regional bank holding company headquartered in Phoenix. It is on the list of largest banks in the United States and is ranked 97th on the Forbes list of America's Best Banks.

NWL vs WAL — Head-to-Head

Bigger by revenue
NWL
NWL
1.9× larger
NWL
$1.9B
$1.0B
WAL
Growing faster (revenue YoY)
WAL
WAL
+33.6% gap
WAL
31.0%
-2.7%
NWL
Higher net margin
WAL
WAL
35.2% more per $
WAL
18.6%
-16.6%
NWL
Faster 2-yr revenue CAGR
WAL
WAL
Annualised
WAL
14.9%
7.1%
NWL

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
NWL
NWL
WAL
WAL
Revenue
$1.9B
$1.0B
Net Profit
$-315.0M
$189.2M
Gross Margin
33.1%
Operating Margin
-14.3%
Net Margin
-16.6%
18.6%
Revenue YoY
-2.7%
31.0%
Net Profit YoY
-483.3%
-5.0%
EPS (diluted)
$-0.75
$1.65

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
NWL
NWL
WAL
WAL
Q1 26
$1.0B
Q4 25
$1.9B
$980.9M
Q3 25
$1.8B
$938.2M
Q2 25
$1.9B
$845.9M
Q1 25
$1.6B
$778.0M
Q4 24
$1.9B
$838.4M
Q3 24
$1.9B
$823.1M
Q2 24
$2.0B
$771.8M
Net Profit
NWL
NWL
WAL
WAL
Q1 26
$189.2M
Q4 25
$-315.0M
$286.1M
Q3 25
$21.0M
$253.4M
Q2 25
$46.0M
$230.4M
Q1 25
$-37.0M
$199.1M
Q4 24
$-54.0M
$216.9M
Q3 24
$-198.0M
$199.8M
Q2 24
$45.0M
$193.6M
Gross Margin
NWL
NWL
WAL
WAL
Q1 26
Q4 25
33.1%
Q3 25
34.1%
Q2 25
35.4%
Q1 25
32.1%
Q4 24
34.2%
Q3 24
34.9%
Q2 24
34.4%
Operating Margin
NWL
NWL
WAL
WAL
Q1 26
Q4 25
-14.3%
36.3%
Q3 25
6.6%
33.4%
Q2 25
8.8%
34.4%
Q1 25
1.3%
31.7%
Q4 24
0.5%
30.9%
Q3 24
-6.2%
30.6%
Q2 24
8.0%
32.1%
Net Margin
NWL
NWL
WAL
WAL
Q1 26
18.6%
Q4 25
-16.6%
29.2%
Q3 25
1.2%
27.0%
Q2 25
2.4%
27.2%
Q1 25
-2.4%
25.6%
Q4 24
-2.8%
25.9%
Q3 24
-10.2%
24.3%
Q2 24
2.2%
25.1%
EPS (diluted)
NWL
NWL
WAL
WAL
Q1 26
$1.65
Q4 25
$-0.75
$2.59
Q3 25
$0.05
$2.28
Q2 25
$0.11
$2.07
Q1 25
$-0.09
$1.79
Q4 24
$-0.13
$1.94
Q3 24
$-0.48
$1.80
Q2 24
$0.11
$1.75

Balance Sheet & Financial Strength

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

Metric
NWL
NWL
WAL
WAL
Cash + ST InvestmentsLiquidity on hand
$203.0M
Total DebtLower is stronger
$4.3B
Stockholders' EquityBook value
$2.4B
$7.9B
Total Assets
$10.7B
$98.9B
Debt / EquityLower = less leverage
0.54×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NWL
NWL
WAL
WAL
Q1 26
Q4 25
$203.0M
Q3 25
$229.0M
Q2 25
$219.0M
Q1 25
$233.0M
Q4 24
$198.0M
Q3 24
$494.0M
Q2 24
$382.0M
Total Debt
NWL
NWL
WAL
WAL
Q1 26
$4.3B
Q4 25
$1.4B
Q3 25
$2.9B
Q2 25
$2.9B
Q1 25
$1.6B
Q4 24
$2.4B
Q3 24
$1.4B
Q2 24
$436.0M
Stockholders' Equity
NWL
NWL
WAL
WAL
Q1 26
$7.9B
Q4 25
$2.4B
$7.7B
Q3 25
$2.7B
$7.4B
Q2 25
$2.7B
$7.1B
Q1 25
$2.7B
$6.9B
Q4 24
$2.8B
$6.7B
Q3 24
$2.9B
$6.7B
Q2 24
$3.1B
$6.3B
Total Assets
NWL
NWL
WAL
WAL
Q1 26
$98.9B
Q4 25
$10.7B
$92.8B
Q3 25
$11.3B
$91.0B
Q2 25
$11.5B
$86.7B
Q1 25
$11.3B
$83.0B
Q4 24
$11.0B
$80.9B
Q3 24
$11.8B
$80.1B
Q2 24
$12.0B
$80.6B
Debt / Equity
NWL
NWL
WAL
WAL
Q1 26
0.54×
Q4 25
0.18×
Q3 25
0.39×
Q2 25
0.41×
Q1 25
0.23×
Q4 24
0.36×
Q3 24
0.21×
Q2 24
0.07×

Cash Flow & Capital Efficiency

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

Metric
NWL
NWL
WAL
WAL
Operating Cash FlowLast quarter
$161.0M
Free Cash FlowOCF − Capex
$91.0M
FCF MarginFCF / Revenue
4.8%
Capex IntensityCapex / Revenue
3.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$17.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NWL
NWL
WAL
WAL
Q1 26
Q4 25
$161.0M
$-2.7B
Q3 25
$374.0M
$-597.4M
Q2 25
$-58.0M
$-357.7M
Q1 25
$-213.0M
$-1.7B
Q4 24
$150.0M
$-2.7B
Q3 24
$282.0M
$-1.1B
Q2 24
$32.0M
$-745.8M
Free Cash Flow
NWL
NWL
WAL
WAL
Q1 26
Q4 25
$91.0M
Q3 25
$315.0M
Q2 25
$-117.0M
Q1 25
$-272.0M
Q4 24
$54.0M
Q3 24
$231.0M
Q2 24
$-21.0M
FCF Margin
NWL
NWL
WAL
WAL
Q1 26
Q4 25
4.8%
Q3 25
17.4%
Q2 25
-6.0%
Q1 25
-17.4%
Q4 24
2.8%
Q3 24
11.9%
Q2 24
-1.0%
Capex Intensity
NWL
NWL
WAL
WAL
Q1 26
Q4 25
3.7%
Q3 25
3.3%
Q2 25
3.0%
Q1 25
3.8%
Q4 24
4.9%
Q3 24
2.6%
Q2 24
2.6%
Cash Conversion
NWL
NWL
WAL
WAL
Q1 26
Q4 25
-9.36×
Q3 25
17.81×
-2.36×
Q2 25
-1.26×
-1.55×
Q1 25
-8.31×
Q4 24
-12.64×
Q3 24
-5.35×
Q2 24
0.71×
-3.85×

Financial Flow Comparison

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

Revenue Breakdown by Segment

NWL
NWL

Kitchen$538.0M28%
Writing$370.0M20%
Commercial$320.0M17%
Financial Institution Two$286.0M15%
Baby$259.0M14%
Outdoor And Recreation$142.0M7%

WAL
WAL

Segment breakdown not available.

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