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Side-by-side financial comparison of Principal Financial Group (PFG) and WATTS WATER TECHNOLOGIES INC (WTS). Click either name above to swap in a different company.
Principal Financial Group is the larger business by last-quarter revenue ($750.8M vs $625.1M, roughly 1.2× WATTS WATER TECHNOLOGIES INC). WATTS WATER TECHNOLOGIES INC runs the higher net margin — 13.4% vs 0.3%, a 13.1% gap on every dollar of revenue. On growth, WATTS WATER TECHNOLOGIES INC posted the faster year-over-year revenue change (15.7% vs 4.0%). Over the past eight quarters, WATTS WATER TECHNOLOGIES INC's revenue compounded faster (4.6% CAGR vs -58.3%).
Principal Financial GroupPFGEarnings & Financial Report
Principal Financial Group, Inc. (PFG) is an American global financial investment management and insurance company headquartered in Des Moines, Iowa, United States.
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...
PFG vs WTS — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $750.8M | $625.1M |
| Net Profit | $1.9M | $83.7M |
| Gross Margin | — | 49.5% |
| Operating Margin | — | 18.2% |
| Net Margin | 0.3% | 13.4% |
| Revenue YoY | 4.0% | 15.7% |
| Net Profit YoY | 783.0% | 24.0% |
| EPS (diluted) | — | $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 | $750.8M | — | ||
| Q4 25 | $4.6B | $625.1M | ||
| Q3 25 | $3.7B | $611.7M | ||
| Q2 25 | $3.7B | $643.7M | ||
| Q1 25 | $3.7B | $558.0M | ||
| Q4 24 | $4.8B | $540.4M | ||
| Q3 24 | $3.0B | $543.6M | ||
| Q2 24 | $4.3B | $597.3M |
| Q1 26 | $1.9M | — | ||
| Q4 25 | $517.0M | $83.7M | ||
| Q3 25 | $213.8M | $82.2M | ||
| Q2 25 | $406.2M | $100.9M | ||
| Q1 25 | $48.1M | $74.0M | ||
| Q4 24 | $905.4M | $67.5M | ||
| Q3 24 | $-220.0M | $69.1M | ||
| Q2 24 | $353.1M | $82.0M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | — | 18.2% | ||
| Q3 25 | — | 18.2% | ||
| Q2 25 | — | 21.0% | ||
| Q1 25 | — | 15.7% | ||
| Q4 24 | — | 16.5% | ||
| Q3 24 | — | 17.1% | ||
| Q2 24 | — | 18.7% |
| Q1 26 | 0.3% | — | ||
| Q4 25 | 11.3% | 13.4% | ||
| Q3 25 | 5.8% | 13.4% | ||
| Q2 25 | 11.1% | 15.7% | ||
| Q1 25 | 1.3% | 13.3% | ||
| Q4 24 | 19.1% | 12.5% | ||
| Q3 24 | -7.3% | 12.7% | ||
| Q2 24 | 8.2% | 13.7% |
| Q1 26 | — | — | ||
| Q4 25 | $2.30 | $2.50 | ||
| Q3 25 | $0.95 | $2.45 | ||
| Q2 25 | $1.79 | $3.01 | ||
| Q1 25 | $0.21 | $2.21 | ||
| Q4 24 | $3.92 | $2.02 | ||
| Q3 24 | $-0.95 | $2.06 | ||
| Q2 24 | $1.49 | $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 | — | $405.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | — | $2.0B |
| Total Assets | — | $2.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $4.4B | $405.5M | ||
| Q3 25 | $5.1B | $457.7M | ||
| Q2 25 | $3.7B | $369.3M | ||
| Q1 25 | $3.9B | $336.8M | ||
| Q4 24 | $4.2B | $386.9M | ||
| Q3 24 | $6.2B | $303.9M | ||
| Q2 24 | $4.8B | $279.4M |
| Q1 26 | — | — | ||
| Q4 25 | $3.9B | — | ||
| Q3 25 | $3.9B | — | ||
| Q2 25 | $3.9B | — | ||
| Q1 25 | $4.3B | — | ||
| Q4 24 | $4.0B | — | ||
| Q3 24 | $3.9B | — | ||
| Q2 24 | $3.9B | — |
| Q1 26 | — | — | ||
| Q4 25 | $11.9B | $2.0B | ||
| Q3 25 | $11.7B | $2.0B | ||
| Q2 25 | $11.4B | $1.9B | ||
| Q1 25 | $11.2B | $1.8B | ||
| Q4 24 | $11.1B | $1.7B | ||
| Q3 24 | $11.2B | $1.7B | ||
| Q2 24 | $11.0B | $1.6B |
| Q1 26 | — | — | ||
| Q4 25 | $341.4B | $2.9B | ||
| Q3 25 | $334.5B | $2.7B | ||
| Q2 25 | $323.1B | $2.6B | ||
| Q1 25 | $313.0B | $2.5B | ||
| Q4 24 | $313.7B | $2.4B | ||
| Q3 24 | $322.9B | $2.4B | ||
| Q2 24 | $308.8B | $2.4B |
| Q1 26 | — | — | ||
| Q4 25 | 0.33× | — | ||
| Q3 25 | 0.34× | — | ||
| Q2 25 | 0.34× | — | ||
| Q1 25 | 0.39× | — | ||
| Q4 24 | 0.36× | — | ||
| Q3 24 | 0.35× | — | ||
| Q2 24 | 0.36× | — |
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 | — | $140.3M |
| FCF MarginFCF / Revenue | — | 22.4% |
| Capex IntensityCapex / Revenue | — | 2.3% |
| Cash ConversionOCF / Net Profit | — | 1.85× |
| TTM Free Cash FlowTrailing 4 quarters | — | $356.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $1.7B | $154.7M | ||
| Q3 25 | $1.0B | $122.4M | ||
| Q2 25 | $811.9M | $69.7M | ||
| Q1 25 | $977.3M | $55.2M | ||
| Q4 24 | $1.5B | $139.5M | ||
| Q3 24 | $1.1B | $90.7M | ||
| Q2 24 | $1.4B | $85.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | $140.3M | ||
| Q3 25 | — | $110.9M | ||
| Q2 25 | — | $59.5M | ||
| Q1 25 | — | $45.6M | ||
| Q4 24 | — | $127.5M | ||
| Q3 24 | — | $84.3M | ||
| Q2 24 | — | $78.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | 22.4% | ||
| Q3 25 | — | 18.1% | ||
| Q2 25 | — | 9.2% | ||
| Q1 25 | — | 8.2% | ||
| Q4 24 | — | 23.6% | ||
| Q3 24 | — | 15.5% | ||
| Q2 24 | — | 13.1% |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.3% | ||
| Q3 25 | — | 1.9% | ||
| Q2 25 | — | 1.6% | ||
| Q1 25 | — | 1.7% | ||
| Q4 24 | — | 2.2% | ||
| Q3 24 | — | 1.2% | ||
| Q2 24 | — | 1.1% |
| Q1 26 | — | — | ||
| Q4 25 | 3.37× | 1.85× | ||
| Q3 25 | 4.70× | 1.49× | ||
| Q2 25 | 2.00× | 0.69× | ||
| Q1 25 | 20.32× | 0.75× | ||
| Q4 24 | 1.61× | 2.07× | ||
| Q3 24 | — | 1.31× | ||
| Q2 24 | 4.05× | 1.04× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
