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Side-by-side financial comparison of ONITY GROUP INC. (ONIT) and Zurn Elkay Water Solutions Corp (ZWS). Click either name above to swap in a different company.

Zurn Elkay Water Solutions Corp is the larger business by last-quarter revenue ($407.2M vs $290.0M, roughly 1.4× ONITY GROUP INC.). ONITY GROUP INC. runs the higher net margin — 43.9% vs 10.3%, a 33.5% gap on every dollar of revenue. On growth, ONITY GROUP INC. posted the faster year-over-year revenue change (29.0% vs 9.8%). Over the past eight quarters, ONITY GROUP INC.'s revenue compounded faster (10.1% CAGR vs 4.4%).

Onity Group, formerly Ocwen, is a provider of residential and commercial mortgage loan servicing, special servicing, and asset management services, which has been described as "debt collectors, collecting monthly principal and interest from homeowners". Ocwen was founded in 1988 and is headquartered in West Palm Beach, Florida, with additional offices in Mount Laurel, NJ, Rancho Cordova, California, and St. Croix, U.S. Virgin Islands. It also has support operations in the Philippines and Indi...

Zurn Elkay Water Solutions Corp designs, manufactures, and distributes a wide range of water management and dispensing products, including commercial plumbing fixtures, drinking fountains, water filtration systems, and flow control components. It serves commercial, residential, industrial, and public infrastructure markets primarily across North America, with a focus on delivering sustainable, water-efficient solutions for diverse end-user needs.

ONIT vs ZWS — Head-to-Head

Bigger by revenue
ZWS
ZWS
1.4× larger
ZWS
$407.2M
$290.0M
ONIT
Growing faster (revenue YoY)
ONIT
ONIT
+19.2% gap
ONIT
29.0%
9.8%
ZWS
Higher net margin
ONIT
ONIT
33.5% more per $
ONIT
43.9%
10.3%
ZWS
Faster 2-yr revenue CAGR
ONIT
ONIT
Annualised
ONIT
10.1%
4.4%
ZWS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ONIT
ONIT
ZWS
ZWS
Revenue
$290.0M
$407.2M
Net Profit
$127.2M
$42.1M
Gross Margin
44.4%
Operating Margin
14.8%
Net Margin
43.9%
10.3%
Revenue YoY
29.0%
9.8%
Net Profit YoY
552.7%
15.7%
EPS (diluted)
$14.53
$0.24

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
ONIT
ONIT
ZWS
ZWS
Q4 25
$290.0M
$407.2M
Q3 25
$280.3M
$455.4M
Q2 25
$246.6M
$444.5M
Q1 25
$249.8M
$388.8M
Q4 24
$224.8M
$370.7M
Q3 24
$265.7M
$410.0M
Q2 24
$246.4M
$412.0M
Q1 24
$239.1M
$373.8M
Net Profit
ONIT
ONIT
ZWS
ZWS
Q4 25
$127.2M
$42.1M
Q3 25
$18.7M
$61.8M
Q2 25
$21.5M
$50.5M
Q1 25
$22.1M
$43.6M
Q4 24
$-28.1M
$36.4M
Q3 24
$21.4M
$43.5M
Q2 24
$10.5M
$46.0M
Q1 24
$30.1M
$34.3M
Gross Margin
ONIT
ONIT
ZWS
ZWS
Q4 25
44.4%
Q3 25
44.1%
Q2 25
45.5%
Q1 25
46.6%
Q4 24
43.5%
Q3 24
46.2%
Q2 24
45.2%
Q1 24
45.5%
Operating Margin
ONIT
ONIT
ZWS
ZWS
Q4 25
14.8%
Q3 25
17.0%
Q2 25
17.5%
Q1 25
3.6%
16.3%
Q4 24
-14.9%
13.3%
Q3 24
10.4%
17.1%
Q2 24
5.5%
17.5%
Q1 24
13.3%
14.2%
Net Margin
ONIT
ONIT
ZWS
ZWS
Q4 25
43.9%
10.3%
Q3 25
6.7%
13.6%
Q2 25
8.7%
11.4%
Q1 25
8.8%
11.2%
Q4 24
-12.5%
9.8%
Q3 24
8.1%
10.6%
Q2 24
4.3%
11.2%
Q1 24
12.6%
9.2%
EPS (diluted)
ONIT
ONIT
ZWS
ZWS
Q4 25
$14.53
$0.24
Q3 25
$2.03
$0.36
Q2 25
$2.40
$0.29
Q1 25
$2.50
$0.26
Q4 24
$-3.59
$0.21
Q3 24
$2.65
$0.25
Q2 24
$1.33
$0.27
Q1 24
$3.74
$0.19

Balance Sheet & Financial Strength

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

Metric
ONIT
ONIT
ZWS
ZWS
Cash + ST InvestmentsLiquidity on hand
$180.5M
$300.5M
Total DebtLower is stronger
$496.5M
Stockholders' EquityBook value
$627.9M
$1.6B
Total Assets
$16.2B
$2.7B
Debt / EquityLower = less leverage
0.31×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ONIT
ONIT
ZWS
ZWS
Q4 25
$180.5M
$300.5M
Q3 25
$172.8M
$260.1M
Q2 25
$194.3M
$201.9M
Q1 25
$178.0M
$144.7M
Q4 24
$184.8M
$198.0M
Q3 24
$201.6M
$187.9M
Q2 24
$203.1M
$162.7M
Q1 24
$185.1M
$157.1M
Total Debt
ONIT
ONIT
ZWS
ZWS
Q4 25
$496.5M
Q3 25
$496.4M
Q2 25
$495.9M
Q1 25
$495.8M
Q4 24
$495.6M
Q3 24
$495.6M
Q2 24
$495.5M
Q1 24
$495.4M
Stockholders' Equity
ONIT
ONIT
ZWS
ZWS
Q4 25
$627.9M
$1.6B
Q3 25
$501.4M
$1.6B
Q2 25
$481.9M
$1.6B
Q1 25
$460.2M
$1.5B
Q4 24
$442.9M
$1.6B
Q3 24
$468.2M
$1.6B
Q2 24
$446.2M
$1.6B
Q1 24
$432.1M
$1.6B
Total Assets
ONIT
ONIT
ZWS
ZWS
Q4 25
$16.2B
$2.7B
Q3 25
$16.1B
$2.7B
Q2 25
$16.5B
$2.7B
Q1 25
$16.3B
$2.6B
Q4 24
$16.4B
$2.6B
Q3 24
$13.2B
$2.7B
Q2 24
$13.1B
$2.7B
Q1 24
$13.1B
$2.7B
Debt / Equity
ONIT
ONIT
ZWS
ZWS
Q4 25
0.31×
Q3 25
0.31×
Q2 25
0.32×
Q1 25
0.32×
Q4 24
0.31×
Q3 24
0.31×
Q2 24
0.31×
Q1 24
0.31×

Cash Flow & Capital Efficiency

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

Metric
ONIT
ONIT
ZWS
ZWS
Operating Cash FlowLast quarter
$-748.0M
$91.7M
Free Cash FlowOCF − Capex
$-750.9M
FCF MarginFCF / Revenue
-258.9%
Capex IntensityCapex / Revenue
1.0%
Cash ConversionOCF / Net Profit
-5.88×
2.18×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ONIT
ONIT
ZWS
ZWS
Q4 25
$-748.0M
$91.7M
Q3 25
$229.5M
$101.3M
Q2 25
$-598.8M
$110.6M
Q1 25
$-148.1M
$42.9M
Q4 24
$-573.8M
$63.6M
Q3 24
$19.2M
$90.9M
Q2 24
$-77.9M
$85.1M
Q1 24
$-297.1M
$53.9M
Free Cash Flow
ONIT
ONIT
ZWS
ZWS
Q4 25
$-750.9M
Q3 25
$228.8M
Q2 25
Q1 25
$-148.4M
Q4 24
$-574.6M
Q3 24
$19.1M
Q2 24
$-78.0M
Q1 24
$-297.2M
FCF Margin
ONIT
ONIT
ZWS
ZWS
Q4 25
-258.9%
Q3 25
81.6%
Q2 25
Q1 25
-59.4%
Q4 24
-255.6%
Q3 24
7.2%
Q2 24
-31.7%
Q1 24
-124.3%
Capex Intensity
ONIT
ONIT
ZWS
ZWS
Q4 25
1.0%
Q3 25
0.2%
Q2 25
0.0%
Q1 25
0.1%
Q4 24
0.4%
Q3 24
0.0%
Q2 24
0.0%
Q1 24
0.0%
Cash Conversion
ONIT
ONIT
ZWS
ZWS
Q4 25
-5.88×
2.18×
Q3 25
12.27×
1.64×
Q2 25
-27.85×
2.19×
Q1 25
-6.70×
0.98×
Q4 24
1.75×
Q3 24
0.90×
2.09×
Q2 24
-7.42×
1.85×
Q1 24
-9.87×
1.57×

Financial Flow Comparison

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

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