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Side-by-side financial comparison of BLUE OWL CAPITAL INC. (OWL) and WATTS WATER TECHNOLOGIES INC (WTS). Click either name above to swap in a different company.
BLUE OWL CAPITAL INC. is the larger business by last-quarter revenue ($755.6M vs $625.1M, roughly 1.2× WATTS WATER TECHNOLOGIES INC). WATTS WATER TECHNOLOGIES INC runs the higher net margin — 13.4% vs 6.3%, a 7.1% gap on every dollar of revenue. On growth, BLUE OWL CAPITAL INC. posted the faster year-over-year revenue change (19.7% vs 15.7%). BLUE OWL CAPITAL INC. produced more free cash flow last quarter ($359.1M vs $140.3M). Over the past eight quarters, BLUE OWL CAPITAL INC.'s revenue compounded faster (21.3% CAGR vs 4.6%).
Blue Owl Capital Inc. is an American alternative investment asset management company that is listed on the New York Stock Exchange under the ticker symbol: "OWL". Headquartered in New York City, it has additional offices around the world, including London, Dubai, and Hong Kong.
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...
OWL vs WTS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $755.6M | $625.1M |
| Net Profit | $47.7M | $83.7M |
| Gross Margin | — | 49.5% |
| Operating Margin | 22.2% | 18.2% |
| Net Margin | 6.3% | 13.4% |
| Revenue YoY | 19.7% | 15.7% |
| Net Profit YoY | 129.8% | 24.0% |
| EPS (diluted) | $0.07 | $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 | $755.6M | $625.1M | ||
| Q3 25 | $728.0M | $611.7M | ||
| Q2 25 | $703.1M | $643.7M | ||
| Q1 25 | $683.5M | $558.0M | ||
| Q4 24 | $631.4M | $540.4M | ||
| Q3 24 | $600.9M | $543.6M | ||
| Q2 24 | $549.8M | $597.3M | ||
| Q1 24 | $513.3M | $570.9M |
| Q4 25 | $47.7M | $83.7M | ||
| Q3 25 | $6.3M | $82.2M | ||
| Q2 25 | $17.4M | $100.9M | ||
| Q1 25 | $7.4M | $74.0M | ||
| Q4 24 | $20.7M | $67.5M | ||
| Q3 24 | $29.8M | $69.1M | ||
| Q2 24 | $33.9M | $82.0M | ||
| Q1 24 | $25.1M | $72.6M |
| 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% |
| Q4 25 | 22.2% | 18.2% | ||
| Q3 25 | 7.6% | 18.2% | ||
| Q2 25 | 12.0% | 21.0% | ||
| Q1 25 | 5.9% | 15.7% | ||
| Q4 24 | 11.7% | 16.5% | ||
| Q3 24 | 18.7% | 17.1% | ||
| Q2 24 | 28.4% | 18.7% | ||
| Q1 24 | 24.7% | 16.9% |
| Q4 25 | 6.3% | 13.4% | ||
| Q3 25 | 0.9% | 13.4% | ||
| Q2 25 | 2.5% | 15.7% | ||
| Q1 25 | 1.1% | 13.3% | ||
| Q4 24 | 3.3% | 12.5% | ||
| Q3 24 | 5.0% | 12.7% | ||
| Q2 24 | 6.2% | 13.7% | ||
| Q1 24 | 4.9% | 12.7% |
| Q4 25 | $0.07 | $2.50 | ||
| Q3 25 | $0.01 | $2.45 | ||
| Q2 25 | $0.02 | $3.01 | ||
| Q1 25 | $0.00 | $2.21 | ||
| Q4 24 | $0.06 | $2.02 | ||
| Q3 24 | $0.04 | $2.06 | ||
| Q2 24 | $0.06 | $2.44 | ||
| Q1 24 | $0.04 | $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 | $194.5M | $405.5M |
| Total DebtLower is stronger | $3.3B | — |
| Stockholders' EquityBook value | $2.2B | $2.0B |
| Total Assets | $12.5B | $2.9B |
| Debt / EquityLower = less leverage | 1.51× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $194.5M | $405.5M | ||
| Q3 25 | $137.3M | $457.7M | ||
| Q2 25 | $117.6M | $369.3M | ||
| Q1 25 | $97.6M | $336.8M | ||
| Q4 24 | $152.1M | $386.9M | ||
| Q3 24 | $115.9M | $303.9M | ||
| Q2 24 | $436.8M | $279.4M | ||
| Q1 24 | $155.8M | $237.1M |
| Q4 25 | $3.3B | — | ||
| Q3 25 | $3.2B | — | ||
| Q2 25 | $3.2B | — | ||
| Q1 25 | $3.2B | — | ||
| Q4 24 | $2.6B | — | ||
| Q3 24 | $2.5B | — | ||
| Q2 24 | $2.5B | — | ||
| Q1 24 | $2.1B | — |
| Q4 25 | $2.2B | $2.0B | ||
| Q3 25 | $2.3B | $2.0B | ||
| Q2 25 | $2.4B | $1.9B | ||
| Q1 25 | $2.3B | $1.8B | ||
| Q4 24 | $2.1B | $1.7B | ||
| Q3 24 | $2.0B | $1.7B | ||
| Q2 24 | $1.7B | $1.6B | ||
| Q1 24 | $1.6B | $1.6B |
| Q4 25 | $12.5B | $2.9B | ||
| Q3 25 | $12.5B | $2.7B | ||
| Q2 25 | $12.3B | $2.6B | ||
| Q1 25 | $12.3B | $2.5B | ||
| Q4 24 | $11.0B | $2.4B | ||
| Q3 24 | $10.8B | $2.4B | ||
| Q2 24 | $9.7B | $2.4B | ||
| Q1 24 | $9.0B | $2.3B |
| Q4 25 | 1.51× | — | ||
| Q3 25 | 1.41× | — | ||
| Q2 25 | 1.38× | — | ||
| Q1 25 | 1.37× | — | ||
| Q4 24 | 1.22× | — | ||
| Q3 24 | 1.27× | — | ||
| Q2 24 | 1.41× | — | ||
| Q1 24 | 1.26× | — |
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 | $382.9M | $154.7M |
| Free Cash FlowOCF − Capex | $359.1M | $140.3M |
| FCF MarginFCF / Revenue | 47.5% | 22.4% |
| Capex IntensityCapex / Revenue | 3.1% | 2.3% |
| Cash ConversionOCF / Net Profit | 8.03× | 1.85× |
| TTM Free Cash FlowTrailing 4 quarters | $1.2B | $356.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $382.9M | $154.7M | ||
| Q3 25 | $433.1M | $122.4M | ||
| Q2 25 | $422.5M | $69.7M | ||
| Q1 25 | $17.6M | $55.2M | ||
| Q4 24 | $324.0M | $139.5M | ||
| Q3 24 | $326.0M | $90.7M | ||
| Q2 24 | $302.3M | $85.3M | ||
| Q1 24 | $47.2M | $45.6M |
| Q4 25 | $359.1M | $140.3M | ||
| Q3 25 | $422.5M | $110.9M | ||
| Q2 25 | $412.5M | $59.5M | ||
| Q1 25 | $4.2M | $45.6M | ||
| Q4 24 | $310.1M | $127.5M | ||
| Q3 24 | $314.8M | $84.3M | ||
| Q2 24 | $269.4M | $78.5M | ||
| Q1 24 | $41.1M | $35.5M |
| Q4 25 | 47.5% | 22.4% | ||
| Q3 25 | 58.0% | 18.1% | ||
| Q2 25 | 58.7% | 9.2% | ||
| Q1 25 | 0.6% | 8.2% | ||
| Q4 24 | 49.1% | 23.6% | ||
| Q3 24 | 52.4% | 15.5% | ||
| Q2 24 | 49.0% | 13.1% | ||
| Q1 24 | 8.0% | 6.2% |
| Q4 25 | 3.1% | 2.3% | ||
| Q3 25 | 1.5% | 1.9% | ||
| Q2 25 | 1.4% | 1.6% | ||
| Q1 25 | 2.0% | 1.7% | ||
| Q4 24 | 2.2% | 2.2% | ||
| Q3 24 | 1.9% | 1.2% | ||
| Q2 24 | 6.0% | 1.1% | ||
| Q1 24 | 1.2% | 1.8% |
| Q4 25 | 8.03× | 1.85× | ||
| Q3 25 | 68.64× | 1.49× | ||
| Q2 25 | 24.25× | 0.69× | ||
| Q1 25 | 2.37× | 0.75× | ||
| Q4 24 | 15.62× | 2.07× | ||
| Q3 24 | 10.94× | 1.31× | ||
| Q2 24 | 8.91× | 1.04× | ||
| Q1 24 | 1.88× | 0.63× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
OWL
| Credit Platform | $455.0M | 60% |
| GP Strategic Capital Platform | $157.0M | 21% |
| Administrative Service | $87.6M | 12% |
| IPI Partners LLC | $33.8M | 4% |
| Other | $22.2M | 3% |
WTS
Segment breakdown not available.
