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Side-by-side financial comparison of NEWELL BRANDS INC. (NWL) and WATSCO INC (WSO). Click either name above to swap in a different company.
NEWELL BRANDS INC. is the larger business by last-quarter revenue ($1.9B vs $1.6B, roughly 1.2× WATSCO INC). WATSCO INC runs the higher net margin — 4.5% vs -16.6%, a 21.1% gap on every dollar of revenue. On growth, NEWELL BRANDS INC. posted the faster year-over-year revenue change (-2.7% vs -10.0%). WATSCO INC produced more free cash flow last quarter ($388.5M vs $91.0M). Over the past eight quarters, NEWELL BRANDS INC.'s revenue compounded faster (7.1% CAGR vs 0.4%).
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.
Watsco, Inc. is a distributor of air conditioning, heating and refrigeration equipment, and related parts and supplies (HVAC/R) in the United States. Watsco was founded more than 60 years ago as a manufacturer of parts, components, and tools used in the HVAC/R industry. In 1989, the company shifted from manufacturing to distribution, by acquiring Gemaire Distributors Inc., a South Florida-based Rheem distributor.
NWL vs WSO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.9B | $1.6B |
| Net Profit | $-315.0M | $71.7M |
| Gross Margin | 33.1% | 27.1% |
| Operating Margin | -14.3% | 6.4% |
| Net Margin | -16.6% | 4.5% |
| Revenue YoY | -2.7% | -10.0% |
| Net Profit YoY | -483.3% | -25.9% |
| EPS (diluted) | $-0.75 | $1.82 |
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 | $1.9B | $1.6B | ||
| Q3 25 | $1.8B | $2.1B | ||
| Q2 25 | $1.9B | $2.1B | ||
| Q1 25 | $1.6B | $1.5B | ||
| Q4 24 | $1.9B | $1.8B | ||
| Q3 24 | $1.9B | $2.2B | ||
| Q2 24 | $2.0B | $2.1B | ||
| Q1 24 | $1.7B | $1.6B |
| Q4 25 | $-315.0M | $71.7M | ||
| Q3 25 | $21.0M | $161.6M | ||
| Q2 25 | $46.0M | $183.6M | ||
| Q1 25 | $-37.0M | $80.1M | ||
| Q4 24 | $-54.0M | $96.8M | ||
| Q3 24 | $-198.0M | $171.0M | ||
| Q2 24 | $45.0M | $181.4M | ||
| Q1 24 | $-9.0M | $87.0M |
| Q4 25 | 33.1% | 27.1% | ||
| Q3 25 | 34.1% | 27.5% | ||
| Q2 25 | 35.4% | 29.3% | ||
| Q1 25 | 32.1% | 28.1% | ||
| Q4 24 | 34.2% | 26.7% | ||
| Q3 24 | 34.9% | 26.2% | ||
| Q2 24 | 34.4% | 27.1% | ||
| Q1 24 | 30.5% | 27.5% |
| Q4 25 | -14.3% | 6.4% | ||
| Q3 25 | 6.6% | 11.4% | ||
| Q2 25 | 8.8% | 13.2% | ||
| Q1 25 | 1.3% | 7.3% | ||
| Q4 24 | 0.5% | 7.8% | ||
| Q3 24 | -6.2% | 11.6% | ||
| Q2 24 | 8.0% | 12.6% | ||
| Q1 24 | 1.0% | 8.1% |
| Q4 25 | -16.6% | 4.5% | ||
| Q3 25 | 1.2% | 7.8% | ||
| Q2 25 | 2.4% | 8.9% | ||
| Q1 25 | -2.4% | 5.2% | ||
| Q4 24 | -2.8% | 5.5% | ||
| Q3 24 | -10.2% | 7.9% | ||
| Q2 24 | 2.2% | 8.5% | ||
| Q1 24 | -0.5% | 5.6% |
| Q4 25 | $-0.75 | $1.82 | ||
| Q3 25 | $0.05 | $3.98 | ||
| Q2 25 | $0.11 | $4.52 | ||
| Q1 25 | $-0.09 | $1.93 | ||
| Q4 24 | $-0.13 | $2.42 | ||
| Q3 24 | $-0.48 | $4.22 | ||
| Q2 24 | $0.11 | $4.49 | ||
| Q1 24 | $-0.02 | $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 | $203.0M | $733.3M |
| Total DebtLower is stronger | — | $361.6M |
| Stockholders' EquityBook value | $2.4B | $2.8B |
| Total Assets | $10.7B | $4.4B |
| Debt / EquityLower = less leverage | — | 0.13× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $203.0M | $733.3M | ||
| Q3 25 | $229.0M | $524.3M | ||
| Q2 25 | $219.0M | $293.0M | ||
| Q1 25 | $233.0M | $431.8M | ||
| Q4 24 | $198.0M | $781.9M | ||
| Q3 24 | $494.0M | $550.0M | ||
| Q2 24 | $382.0M | $424.9M | ||
| Q1 24 | $372.0M | $478.9M |
| Q4 25 | — | $361.6M | ||
| Q3 25 | — | $340.8M | ||
| Q2 25 | — | $338.7M | ||
| Q1 25 | — | $346.4M | ||
| Q4 24 | — | $337.2M | ||
| Q3 24 | — | $321.0M | ||
| Q2 24 | — | $307.1M | ||
| Q1 24 | — | $306.3M |
| Q4 25 | $2.4B | $2.8B | ||
| Q3 25 | $2.7B | $2.8B | ||
| Q2 25 | $2.7B | $2.8B | ||
| Q1 25 | $2.7B | $2.7B | ||
| Q4 24 | $2.8B | $2.7B | ||
| Q3 24 | $2.9B | $2.7B | ||
| Q2 24 | $3.1B | $2.6B | ||
| Q1 24 | $3.1B | $2.5B |
| Q4 25 | $10.7B | $4.4B | ||
| Q3 25 | $11.3B | $4.6B | ||
| Q2 25 | $11.5B | $4.7B | ||
| Q1 25 | $11.3B | $4.5B | ||
| Q4 24 | $11.0B | $4.5B | ||
| Q3 24 | $11.8B | $4.5B | ||
| Q2 24 | $12.0B | $4.4B | ||
| Q1 24 | $12.1B | $4.4B |
| Q4 25 | — | 0.13× | ||
| Q3 25 | — | 0.12× | ||
| Q2 25 | — | 0.12× | ||
| Q1 25 | — | 0.13× | ||
| Q4 24 | — | 0.13× | ||
| Q3 24 | — | 0.12× | ||
| Q2 24 | — | 0.12× | ||
| Q1 24 | — | 0.12× |
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 | $161.0M | $399.8M |
| Free Cash FlowOCF − Capex | $91.0M | $388.5M |
| FCF MarginFCF / Revenue | 4.8% | 24.6% |
| Capex IntensityCapex / Revenue | 3.7% | 0.7% |
| Cash ConversionOCF / Net Profit | — | 5.57× |
| TTM Free Cash FlowTrailing 4 quarters | $17.0M | $535.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $161.0M | $399.8M | ||
| Q3 25 | $374.0M | $354.9M | ||
| Q2 25 | $-58.0M | $-7.4M | ||
| Q1 25 | $-213.0M | $-177.6M | ||
| Q4 24 | $150.0M | $378.9M | ||
| Q3 24 | $282.0M | $232.8M | ||
| Q2 24 | $32.0M | $57.7M | ||
| Q1 24 | $32.0M | $103.7M |
| Q4 25 | $91.0M | $388.5M | ||
| Q3 25 | $315.0M | $346.1M | ||
| Q2 25 | $-117.0M | $-14.3M | ||
| Q1 25 | $-272.0M | $-185.2M | ||
| Q4 24 | $54.0M | $370.9M | ||
| Q3 24 | $231.0M | $223.0M | ||
| Q2 24 | $-21.0M | $51.3M | ||
| Q1 24 | $-27.0M | $97.9M |
| Q4 25 | 4.8% | 24.6% | ||
| Q3 25 | 17.4% | 16.7% | ||
| Q2 25 | -6.0% | -0.7% | ||
| Q1 25 | -17.4% | -12.1% | ||
| Q4 24 | 2.8% | 21.1% | ||
| Q3 24 | 11.9% | 10.3% | ||
| Q2 24 | -1.0% | 2.4% | ||
| Q1 24 | -1.6% | 6.3% |
| Q4 25 | 3.7% | 0.7% | ||
| Q3 25 | 3.3% | 0.4% | ||
| Q2 25 | 3.0% | 0.3% | ||
| Q1 25 | 3.8% | 0.5% | ||
| Q4 24 | 4.9% | 0.5% | ||
| Q3 24 | 2.6% | 0.5% | ||
| Q2 24 | 2.6% | 0.3% | ||
| Q1 24 | 3.6% | 0.4% |
| Q4 25 | — | 5.57× | ||
| Q3 25 | 17.81× | 2.20× | ||
| Q2 25 | -1.26× | -0.04× | ||
| Q1 25 | — | -2.22× | ||
| Q4 24 | — | 3.91× | ||
| Q3 24 | — | 1.36× | ||
| Q2 24 | 0.71× | 0.32× | ||
| Q1 24 | — | 1.19× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NWL
| Kitchen | $538.0M | 28% |
| Writing | $370.0M | 20% |
| Commercial | $320.0M | 17% |
| Financial Institution Two | $286.0M | 15% |
| Baby | $259.0M | 14% |
| Outdoor And Recreation | $142.0M | 7% |
WSO
Segment breakdown not available.
