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Side-by-side financial comparison of PEGASYSTEMS INC (PEGA) 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 $430.0M, roughly 1.5× PEGASYSTEMS INC). WATTS WATER TECHNOLOGIES INC runs the higher net margin — 13.4% vs 7.6%, a 5.8% gap on every dollar of revenue. On growth, WATTS WATER TECHNOLOGIES INC posted the faster year-over-year revenue change (15.7% vs -9.6%). PEGASYSTEMS INC produced more free cash flow last quarter ($206.5M vs $140.3M). Over the past eight quarters, PEGASYSTEMS INC's revenue compounded faster (10.7% CAGR vs 4.6%).
Pegasystems Inc. (Pega) is a global software company based in Waltham, Massachusetts, in the United States, and founded in 1983. The company has been publicly traded since 1996 as PEGA (NASDAQ). Pega is a low-code platform for workflow automation and generative AI-powered decision-making for businesses.
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...
PEGA vs WTS — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $430.0M | $625.1M |
| Net Profit | $32.8M | $83.7M |
| Gross Margin | 75.2% | 49.5% |
| Operating Margin | 8.6% | 18.2% |
| Net Margin | 7.6% | 13.4% |
| Revenue YoY | -9.6% | 15.7% |
| Net Profit YoY | -61.6% | 24.0% |
| EPS (diluted) | $0.18 | $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.
| Q1 26 | $430.0M | — | ||
| Q4 25 | $504.3M | $625.1M | ||
| Q3 25 | $381.4M | $611.7M | ||
| Q2 25 | $384.5M | $643.7M | ||
| Q1 25 | $475.6M | $558.0M | ||
| Q4 24 | $490.8M | $540.4M | ||
| Q3 24 | $325.1M | $543.6M | ||
| Q2 24 | $351.2M | $597.3M |
| Q1 26 | $32.8M | — | ||
| Q4 25 | $234.6M | $83.7M | ||
| Q3 25 | $43.4M | $82.2M | ||
| Q2 25 | $30.1M | $100.9M | ||
| Q1 25 | $85.4M | $74.0M | ||
| Q4 24 | $119.1M | $67.5M | ||
| Q3 24 | $-14.4M | $69.1M | ||
| Q2 24 | $6.6M | $82.0M |
| Q1 26 | 75.2% | — | ||
| Q4 25 | 79.5% | 49.5% | ||
| Q3 25 | 72.2% | 48.8% | ||
| Q2 25 | 71.5% | 50.6% | ||
| Q1 25 | 78.5% | 48.8% | ||
| Q4 24 | 79.1% | 46.7% | ||
| Q3 24 | 70.2% | 47.3% | ||
| Q2 24 | 72.4% | 47.7% |
| Q1 26 | 8.6% | — | ||
| Q4 25 | 20.7% | 18.2% | ||
| Q3 25 | 3.8% | 18.2% | ||
| Q2 25 | 4.5% | 21.0% | ||
| Q1 25 | 26.7% | 15.7% | ||
| Q4 24 | 29.1% | 16.5% | ||
| Q3 24 | -3.6% | 17.1% | ||
| Q2 24 | 3.7% | 18.7% |
| Q1 26 | 7.6% | — | ||
| Q4 25 | 46.5% | 13.4% | ||
| Q3 25 | 11.4% | 13.4% | ||
| Q2 25 | 7.8% | 15.7% | ||
| Q1 25 | 18.0% | 13.3% | ||
| Q4 24 | 24.3% | 12.5% | ||
| Q3 24 | -4.4% | 12.7% | ||
| Q2 24 | 1.9% | 13.7% |
| Q1 26 | $0.18 | — | ||
| Q4 25 | $0.81 | $2.50 | ||
| Q3 25 | $0.24 | $2.45 | ||
| Q2 25 | $0.17 | $3.01 | ||
| Q1 25 | $0.91 | $2.21 | ||
| Q4 24 | $1.35 | $2.02 | ||
| Q3 24 | $-0.17 | $2.06 | ||
| Q2 24 | $0.07 | $2.44 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $270.0M | $405.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $705.9M | $2.0B |
| Total Assets | $1.6B | $2.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $270.0M | — | ||
| Q4 25 | $425.8M | $405.5M | ||
| Q3 25 | $351.4M | $457.7M | ||
| Q2 25 | $411.6M | $369.3M | ||
| Q1 25 | $371.7M | $336.8M | ||
| Q4 24 | $740.0M | $386.9M | ||
| Q3 24 | $703.0M | $303.9M | ||
| Q2 24 | $665.1M | $279.4M |
| Q1 26 | $705.9M | — | ||
| Q4 25 | $787.4M | $2.0B | ||
| Q3 25 | $596.8M | $2.0B | ||
| Q2 25 | $624.5M | $1.9B | ||
| Q1 25 | $611.3M | $1.8B | ||
| Q4 24 | $585.5M | $1.7B | ||
| Q3 24 | $473.0M | $1.7B | ||
| Q2 24 | $435.4M | $1.6B |
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $2.9B | ||
| Q3 25 | $1.3B | $2.7B | ||
| Q2 25 | $1.3B | $2.6B | ||
| Q1 25 | $1.3B | $2.5B | ||
| Q4 24 | $1.8B | $2.4B | ||
| Q3 24 | $1.6B | $2.4B | ||
| Q2 24 | $1.5B | $2.4B |
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 | — | $154.7M |
| Free Cash FlowOCF − Capex | $206.5M | $140.3M |
| FCF MarginFCF / Revenue | 48.0% | 22.4% |
| Capex IntensityCapex / Revenue | — | 2.3% |
| Cash ConversionOCF / Net Profit | — | 1.85× |
| TTM Free Cash FlowTrailing 4 quarters | $494.9M | $356.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $158.4M | $154.7M | ||
| Q3 25 | $56.3M | $122.4M | ||
| Q2 25 | $86.3M | $69.7M | ||
| Q1 25 | $204.2M | $55.2M | ||
| Q4 24 | $95.2M | $139.5M | ||
| Q3 24 | $30.5M | $90.7M | ||
| Q2 24 | $40.1M | $85.3M |
| Q1 26 | $206.5M | — | ||
| Q4 25 | $152.4M | $140.3M | ||
| Q3 25 | $51.8M | $110.9M | ||
| Q2 25 | $84.1M | $59.5M | ||
| Q1 25 | $202.3M | $45.6M | ||
| Q4 24 | $92.4M | $127.5M | ||
| Q3 24 | $27.4M | $84.3M | ||
| Q2 24 | $38.8M | $78.5M |
| Q1 26 | 48.0% | — | ||
| Q4 25 | 30.2% | 22.4% | ||
| Q3 25 | 13.6% | 18.1% | ||
| Q2 25 | 21.9% | 9.2% | ||
| Q1 25 | 42.5% | 8.2% | ||
| Q4 24 | 18.8% | 23.6% | ||
| Q3 24 | 8.4% | 15.5% | ||
| Q2 24 | 11.1% | 13.1% |
| Q1 26 | — | — | ||
| Q4 25 | 1.2% | 2.3% | ||
| Q3 25 | 1.2% | 1.9% | ||
| Q2 25 | 0.6% | 1.6% | ||
| Q1 25 | 0.4% | 1.7% | ||
| Q4 24 | 0.6% | 2.2% | ||
| Q3 24 | 0.9% | 1.2% | ||
| Q2 24 | 0.4% | 1.1% |
| Q1 26 | — | — | ||
| Q4 25 | 0.68× | 1.85× | ||
| Q3 25 | 1.30× | 1.49× | ||
| Q2 25 | 2.87× | 0.69× | ||
| Q1 25 | 2.39× | 0.75× | ||
| Q4 24 | 0.80× | 2.07× | ||
| Q3 24 | — | 1.31× | ||
| Q2 24 | 6.06× | 1.04× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PEGA
| Pega Cloud | $205.0M | 48% |
| Subscription license | $94.9M | 22% |
| Maintenance | $75.3M | 18% |
| Consulting | $54.8M | 13% |
WTS
Segment breakdown not available.
