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Side-by-side financial comparison of PROCORE TECHNOLOGIES, INC. (PCOR) and WATTS WATER TECHNOLOGIES INC (WTS). Click either name above to swap in a different company.
WATTS WATER TECHNOLOGIES INC is the larger business by last-quarter revenue ($625.1M vs $349.1M, roughly 1.8× PROCORE TECHNOLOGIES, INC.). WATTS WATER TECHNOLOGIES INC runs the higher net margin — 13.4% vs -10.8%, a 24.2% gap on every dollar of revenue. On growth, WATTS WATER TECHNOLOGIES INC posted the faster year-over-year revenue change (15.7% vs 15.6%). WATTS WATER TECHNOLOGIES INC produced more free cash flow last quarter ($140.3M vs $109.2M). Over the past eight quarters, PROCORE TECHNOLOGIES, INC.'s revenue compounded faster (13.8% CAGR vs 4.6%).
Procore Technologies is an American construction management software as a service company founded in 2002, with headquarters in Carpinteria, California. Procore hosts a platform to connect those involved in the construction industry on a global platform. The software allows for the creation of simplified workflows and displays a consolidated view of construction products that includes the tracking of tasks, management of project workflows, and scheduling.
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...
PCOR vs WTS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $349.1M | $625.1M |
| Net Profit | $-37.6M | $83.7M |
| Gross Margin | 80.1% | 49.5% |
| Operating Margin | -12.3% | 18.2% |
| Net Margin | -10.8% | 13.4% |
| Revenue YoY | 15.6% | 15.7% |
| Net Profit YoY | 39.6% | 24.0% |
| EPS (diluted) | $-0.25 | $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 | $349.1M | $625.1M | ||
| Q3 25 | $338.9M | $611.7M | ||
| Q2 25 | $323.9M | $643.7M | ||
| Q1 25 | $310.6M | $558.0M | ||
| Q4 24 | $302.0M | $540.4M | ||
| Q3 24 | $295.9M | $543.6M | ||
| Q2 24 | $284.3M | $597.3M | ||
| Q1 24 | $269.4M | $570.9M |
| Q4 25 | $-37.6M | $83.7M | ||
| Q3 25 | $-9.1M | $82.2M | ||
| Q2 25 | $-21.1M | $100.9M | ||
| Q1 25 | $-33.0M | $74.0M | ||
| Q4 24 | $-62.3M | $67.5M | ||
| Q3 24 | $-26.4M | $69.1M | ||
| Q2 24 | $-6.3M | $82.0M | ||
| Q1 24 | $-11.0M | $72.6M |
| Q4 25 | 80.1% | 49.5% | ||
| Q3 25 | 79.7% | 48.8% | ||
| Q2 25 | 79.1% | 50.6% | ||
| Q1 25 | 79.1% | 48.8% | ||
| Q4 24 | 81.2% | 46.7% | ||
| Q3 24 | 81.4% | 47.3% | ||
| Q2 24 | 83.1% | 47.7% | ||
| Q1 24 | 83.0% | 46.9% |
| Q4 25 | -12.3% | 18.2% | ||
| Q3 25 | -4.4% | 18.2% | ||
| Q2 25 | -9.3% | 21.0% | ||
| Q1 25 | -11.7% | 15.7% | ||
| Q4 24 | -21.9% | 16.5% | ||
| Q3 24 | -12.3% | 17.1% | ||
| Q2 24 | -5.2% | 18.7% | ||
| Q1 24 | -7.0% | 16.9% |
| Q4 25 | -10.8% | 13.4% | ||
| Q3 25 | -2.7% | 13.4% | ||
| Q2 25 | -6.5% | 15.7% | ||
| Q1 25 | -10.6% | 13.3% | ||
| Q4 24 | -20.6% | 12.5% | ||
| Q3 24 | -8.9% | 12.7% | ||
| Q2 24 | -2.2% | 13.7% | ||
| Q1 24 | -4.1% | 12.7% |
| Q4 25 | $-0.25 | $2.50 | ||
| Q3 25 | $-0.06 | $2.45 | ||
| Q2 25 | $-0.14 | $3.01 | ||
| Q1 25 | $-0.22 | $2.21 | ||
| Q4 24 | $-0.42 | $2.02 | ||
| Q3 24 | $-0.18 | $2.06 | ||
| Q2 24 | $-0.04 | $2.44 | ||
| Q1 24 | $-0.08 | $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 | $768.5M | $405.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.3B | $2.0B |
| Total Assets | $2.2B | $2.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $768.5M | $405.5M | ||
| Q3 25 | $684.0M | $457.7M | ||
| Q2 25 | $620.9M | $369.3M | ||
| Q1 25 | $566.7M | $336.8M | ||
| Q4 24 | $775.4M | $386.9M | ||
| Q3 24 | $756.9M | $303.9M | ||
| Q2 24 | $735.4M | $279.4M | ||
| Q1 24 | $744.6M | $237.1M |
| Q4 25 | $1.3B | $2.0B | ||
| Q3 25 | $1.2B | $2.0B | ||
| Q2 25 | $1.2B | $1.9B | ||
| Q1 25 | $1.2B | $1.8B | ||
| Q4 24 | $1.3B | $1.7B | ||
| Q3 24 | $1.3B | $1.7B | ||
| Q2 24 | $1.3B | $1.6B | ||
| Q1 24 | $1.2B | $1.6B |
| Q4 25 | $2.2B | $2.9B | ||
| Q3 25 | $2.1B | $2.7B | ||
| Q2 25 | $2.0B | $2.6B | ||
| Q1 25 | $1.9B | $2.5B | ||
| Q4 24 | $2.1B | $2.4B | ||
| Q3 24 | $2.0B | $2.4B | ||
| Q2 24 | $2.0B | $2.4B | ||
| Q1 24 | $1.9B | $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 | $114.9M | $154.7M |
| Free Cash FlowOCF − Capex | $109.2M | $140.3M |
| FCF MarginFCF / Revenue | 31.3% | 22.4% |
| Capex IntensityCapex / Revenue | 1.6% | 2.3% |
| Cash ConversionOCF / Net Profit | — | 1.85× |
| TTM Free Cash FlowTrailing 4 quarters | $282.2M | $356.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $114.9M | $154.7M | ||
| Q3 25 | $88.5M | $122.4M | ||
| Q2 25 | $30.8M | $69.7M | ||
| Q1 25 | $66.0M | $55.2M | ||
| Q4 24 | $29.1M | $139.5M | ||
| Q3 24 | $39.3M | $90.7M | ||
| Q2 24 | $58.7M | $85.3M | ||
| Q1 24 | $69.1M | $45.6M |
| Q4 25 | $109.2M | $140.3M | ||
| Q3 25 | $83.1M | $110.9M | ||
| Q2 25 | $27.9M | $59.5M | ||
| Q1 25 | $62.0M | $45.6M | ||
| Q4 24 | $17.4M | $127.5M | ||
| Q3 24 | $35.7M | $84.3M | ||
| Q2 24 | $56.8M | $78.5M | ||
| Q1 24 | $67.1M | $35.5M |
| Q4 25 | 31.3% | 22.4% | ||
| Q3 25 | 24.5% | 18.1% | ||
| Q2 25 | 8.6% | 9.2% | ||
| Q1 25 | 20.0% | 8.2% | ||
| Q4 24 | 5.8% | 23.6% | ||
| Q3 24 | 12.1% | 15.5% | ||
| Q2 24 | 20.0% | 13.1% | ||
| Q1 24 | 24.9% | 6.2% |
| Q4 25 | 1.6% | 2.3% | ||
| Q3 25 | 1.6% | 1.9% | ||
| Q2 25 | 0.9% | 1.6% | ||
| Q1 25 | 1.3% | 1.7% | ||
| Q4 24 | 3.9% | 2.2% | ||
| Q3 24 | 1.2% | 1.2% | ||
| Q2 24 | 0.7% | 1.1% | ||
| Q1 24 | 0.8% | 1.8% |
| Q4 25 | — | 1.85× | ||
| Q3 25 | — | 1.49× | ||
| Q2 25 | — | 0.69× | ||
| Q1 25 | — | 0.75× | ||
| Q4 24 | — | 2.07× | ||
| Q3 24 | — | 1.31× | ||
| Q2 24 | — | 1.04× | ||
| Q1 24 | — | 0.63× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PCOR
| US | $298.3M | 85% |
| Non Us | $50.9M | 15% |
WTS
Segment breakdown not available.
