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Side-by-side financial comparison of Nextpower Inc. (NXT) and WATTS WATER TECHNOLOGIES INC (WTS). Click either name above to swap in a different company.
Nextpower Inc. is the larger business by last-quarter revenue ($909.4M vs $625.1M, roughly 1.5× WATTS WATER TECHNOLOGIES INC). Nextpower Inc. runs the higher net margin — 14.4% vs 13.4%, a 1.0% gap on every dollar of revenue. On growth, Nextpower Inc. posted the faster year-over-year revenue change (33.9% vs 15.7%). WATTS WATER TECHNOLOGIES INC produced more free cash flow last quarter ($140.3M vs $118.5M). Over the past eight quarters, Nextpower Inc.'s revenue compounded faster (11.1% CAGR vs 4.6%).
Nextpower Inc. (NXT) is a global energy technology provider based in Fremont, California.
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...
NXT vs WTS — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $909.4M | $625.1M |
| Net Profit | $131.2M | $83.7M |
| Gross Margin | 31.7% | 49.5% |
| Operating Margin | 19.4% | 18.2% |
| Net Margin | 14.4% | 13.4% |
| Revenue YoY | 33.9% | 15.7% |
| Net Profit YoY | 13.8% | 24.0% |
| EPS (diluted) | $0.85 | $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 | $909.4M | $625.1M | ||
| Q3 25 | $905.3M | $611.7M | ||
| Q2 25 | $864.3M | $643.7M | ||
| Q1 25 | $924.3M | $558.0M | ||
| Q4 24 | $679.4M | $540.4M | ||
| Q3 24 | $635.6M | $543.6M | ||
| Q2 24 | $719.9M | $597.3M | ||
| Q1 24 | $736.5M | $570.9M |
| Q4 25 | $131.2M | $83.7M | ||
| Q3 25 | $146.9M | $82.2M | ||
| Q2 25 | $157.2M | $100.9M | ||
| Q1 25 | $156.8M | $74.0M | ||
| Q4 24 | $115.3M | $67.5M | ||
| Q3 24 | $115.4M | $69.1M | ||
| Q2 24 | $121.7M | $82.0M | ||
| Q1 24 | $205.2M | $72.6M |
| Q4 25 | 31.7% | 49.5% | ||
| Q3 25 | 32.4% | 48.8% | ||
| Q2 25 | 32.6% | 50.6% | ||
| Q1 25 | 33.1% | 48.8% | ||
| Q4 24 | 35.5% | 46.7% | ||
| Q3 24 | 35.4% | 47.3% | ||
| Q2 24 | 33.0% | 47.7% | ||
| Q1 24 | 46.2% | 46.9% |
| Q4 25 | 19.4% | 18.2% | ||
| Q3 25 | 20.0% | 18.2% | ||
| Q2 25 | 21.5% | 21.0% | ||
| Q1 25 | 21.1% | 15.7% | ||
| Q4 24 | 22.1% | 16.5% | ||
| Q3 24 | 21.0% | 17.1% | ||
| Q2 24 | 22.2% | 18.7% | ||
| Q1 24 | 36.8% | 16.9% |
| Q4 25 | 14.4% | 13.4% | ||
| Q3 25 | 16.2% | 13.4% | ||
| Q2 25 | 18.2% | 15.7% | ||
| Q1 25 | 17.0% | 13.3% | ||
| Q4 24 | 17.0% | 12.5% | ||
| Q3 24 | 18.2% | 12.7% | ||
| Q2 24 | 16.9% | 13.7% | ||
| Q1 24 | 27.9% | 12.7% |
| Q4 25 | $0.85 | $2.50 | ||
| Q3 25 | $0.97 | $2.45 | ||
| Q2 25 | $1.04 | $3.01 | ||
| Q1 25 | $1.05 | $2.21 | ||
| Q4 24 | $0.79 | $2.02 | ||
| Q3 24 | $0.79 | $2.06 | ||
| Q2 24 | $0.84 | $2.44 | ||
| Q1 24 | $1.52 | $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 | $952.6M | $405.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.2B | $2.0B |
| Total Assets | $3.8B | $2.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $952.6M | $405.5M | ||
| Q3 25 | $845.3M | $457.7M | ||
| Q2 25 | $743.4M | $369.3M | ||
| Q1 25 | $766.1M | $336.8M | ||
| Q4 24 | $693.5M | $386.9M | ||
| Q3 24 | $561.9M | $303.9M | ||
| Q2 24 | $471.9M | $279.4M | ||
| Q1 24 | $474.1M | $237.1M |
| Q4 25 | $2.2B | $2.0B | ||
| Q3 25 | $2.0B | $2.0B | ||
| Q2 25 | $1.8B | $1.9B | ||
| Q1 25 | $1.6B | $1.8B | ||
| Q4 24 | $1.4B | $1.7B | ||
| Q3 24 | $1.3B | $1.7B | ||
| Q2 24 | $1.1B | $1.6B | ||
| Q1 24 | $961.0M | $1.6B |
| Q4 25 | $3.8B | $2.9B | ||
| Q3 25 | $3.7B | $2.7B | ||
| Q2 25 | $3.4B | $2.6B | ||
| Q1 25 | $3.2B | $2.5B | ||
| Q4 24 | $3.0B | $2.4B | ||
| Q3 24 | $2.8B | $2.4B | ||
| Q2 24 | $2.6B | $2.4B | ||
| Q1 24 | $2.5B | $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 | $123.3M | $154.7M |
| Free Cash FlowOCF − Capex | $118.5M | $140.3M |
| FCF MarginFCF / Revenue | 13.0% | 22.4% |
| Capex IntensityCapex / Revenue | 0.5% | 2.3% |
| Cash ConversionOCF / Net Profit | 0.94× | 1.85× |
| TTM Free Cash FlowTrailing 4 quarters | $587.3M | $356.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $123.3M | $154.7M | ||
| Q3 25 | $186.9M | $122.4M | ||
| Q2 25 | $81.3M | $69.7M | ||
| Q1 25 | $237.3M | $55.2M | ||
| Q4 24 | $143.8M | $139.5M | ||
| Q3 24 | $153.8M | $90.7M | ||
| Q2 24 | $120.8M | $85.3M | ||
| Q1 24 | $111.5M | $45.6M |
| Q4 25 | $118.5M | $140.3M | ||
| Q3 25 | $171.4M | $110.9M | ||
| Q2 25 | $70.1M | $59.5M | ||
| Q1 25 | $227.2M | $45.6M | ||
| Q4 24 | $134.9M | $127.5M | ||
| Q3 24 | $141.8M | $84.3M | ||
| Q2 24 | $118.0M | $78.5M | ||
| Q1 24 | $109.2M | $35.5M |
| Q4 25 | 13.0% | 22.4% | ||
| Q3 25 | 18.9% | 18.1% | ||
| Q2 25 | 8.1% | 9.2% | ||
| Q1 25 | 24.6% | 8.2% | ||
| Q4 24 | 19.9% | 23.6% | ||
| Q3 24 | 22.3% | 15.5% | ||
| Q2 24 | 16.4% | 13.1% | ||
| Q1 24 | 14.8% | 6.2% |
| Q4 25 | 0.5% | 2.3% | ||
| Q3 25 | 1.7% | 1.9% | ||
| Q2 25 | 1.3% | 1.6% | ||
| Q1 25 | 1.1% | 1.7% | ||
| Q4 24 | 1.3% | 2.2% | ||
| Q3 24 | 1.9% | 1.2% | ||
| Q2 24 | 0.4% | 1.1% | ||
| Q1 24 | 0.3% | 1.8% |
| Q4 25 | 0.94× | 1.85× | ||
| Q3 25 | 1.27× | 1.49× | ||
| Q2 25 | 0.52× | 0.69× | ||
| Q1 25 | 1.51× | 0.75× | ||
| Q4 24 | 1.25× | 2.07× | ||
| Q3 24 | 1.33× | 1.31× | ||
| Q2 24 | 0.99× | 1.04× | ||
| Q1 24 | 0.54× | 0.63× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NXT
| Transferred Over Time | $763.9M | 84% |
| Transferred At Point In Time | $145.4M | 16% |
WTS
Segment breakdown not available.
