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Side-by-side financial comparison of PJT Partners Inc. (PJT) 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 $531.4M, roughly 1.2× PJT Partners Inc.). WATTS WATER TECHNOLOGIES INC runs the higher net margin — 13.4% vs 10.0%, a 3.3% gap on every dollar of revenue. On growth, WATTS WATER TECHNOLOGIES INC posted the faster year-over-year revenue change (15.7% vs 12.9%). WATTS WATER TECHNOLOGIES INC produced more free cash flow last quarter ($140.3M vs $138.6M). Over the past eight quarters, PJT Partners Inc.'s revenue compounded faster (27.5% CAGR vs 4.6%).
PJT Partners, Inc. is a global advisory-focused investment bank, founded in October 2015 as part of The Blackstone Group's spin-off of its financial and strategic advisory services 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...
PJT vs WTS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $531.4M | $625.1M |
| Net Profit | $53.4M | $83.7M |
| Gross Margin | — | 49.5% |
| Operating Margin | 23.1% | 18.2% |
| Net Margin | 10.0% | 13.4% |
| Revenue YoY | 12.9% | 15.7% |
| Net Profit YoY | 4.0% | 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.
| Q4 25 | $531.4M | $625.1M | ||
| Q3 25 | $442.3M | $611.7M | ||
| Q2 25 | $401.1M | $643.7M | ||
| Q1 25 | $321.9M | $558.0M | ||
| Q4 24 | $470.5M | $540.4M | ||
| Q3 24 | $320.3M | $543.6M | ||
| Q2 24 | $358.1M | $597.3M | ||
| Q1 24 | $327.1M | $570.9M |
| Q4 25 | $53.4M | $83.7M | ||
| Q3 25 | $39.8M | $82.2M | ||
| Q2 25 | $32.9M | $100.9M | ||
| Q1 25 | $54.0M | $74.0M | ||
| Q4 24 | $51.3M | $67.5M | ||
| Q3 24 | $22.1M | $69.1M | ||
| Q2 24 | $28.3M | $82.0M | ||
| Q1 24 | $32.6M | $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 | 23.1% | 18.2% | ||
| Q3 25 | 20.6% | 18.2% | ||
| Q2 25 | 19.1% | 21.0% | ||
| Q1 25 | 16.3% | 15.7% | ||
| Q4 24 | 21.9% | 16.5% | ||
| Q3 24 | 15.4% | 17.1% | ||
| Q2 24 | 18.0% | 18.7% | ||
| Q1 24 | 16.5% | 16.9% |
| Q4 25 | 10.0% | 13.4% | ||
| Q3 25 | 9.0% | 13.4% | ||
| Q2 25 | 8.2% | 15.7% | ||
| Q1 25 | 16.8% | 13.3% | ||
| Q4 24 | 10.9% | 12.5% | ||
| Q3 24 | 6.9% | 12.7% | ||
| Q2 24 | 7.9% | 13.7% | ||
| Q1 24 | 10.0% | 12.7% |
| Q4 25 | — | $2.50 | ||
| Q3 25 | — | $2.45 | ||
| Q2 25 | — | $3.01 | ||
| Q1 25 | — | $2.21 | ||
| Q4 24 | — | $2.02 | ||
| Q3 24 | — | $2.06 | ||
| Q2 24 | — | $2.44 | ||
| Q1 24 | — | $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 | $538.9M | $405.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $308.2M | $2.0B |
| Total Assets | $1.8B | $2.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $538.9M | $405.5M | ||
| Q3 25 | $400.5M | $457.7M | ||
| Q2 25 | $214.6M | $369.3M | ||
| Q1 25 | $194.3M | $336.8M | ||
| Q4 24 | $483.9M | $386.9M | ||
| Q3 24 | $148.8M | $303.9M | ||
| Q2 24 | $164.2M | $279.4M | ||
| Q1 24 | $215.5M | $237.1M |
| Q4 25 | $308.2M | $2.0B | ||
| Q3 25 | $228.6M | $2.0B | ||
| Q2 25 | $167.4M | $1.9B | ||
| Q1 25 | $148.8M | $1.8B | ||
| Q4 24 | $187.0M | $1.7B | ||
| Q3 24 | $159.1M | $1.7B | ||
| Q2 24 | $133.8M | $1.6B | ||
| Q1 24 | $174.6M | $1.6B |
| Q4 25 | $1.8B | $2.9B | ||
| Q3 25 | $1.7B | $2.7B | ||
| Q2 25 | $1.5B | $2.6B | ||
| Q1 25 | $1.4B | $2.5B | ||
| Q4 24 | $1.6B | $2.4B | ||
| Q3 24 | $1.6B | $2.4B | ||
| Q2 24 | $1.4B | $2.4B | ||
| Q1 24 | $1.3B | $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 | $155.7M | $154.7M |
| Free Cash FlowOCF − Capex | $138.6M | $140.3M |
| FCF MarginFCF / Revenue | 26.1% | 22.4% |
| Capex IntensityCapex / Revenue | 3.2% | 2.3% |
| Cash ConversionOCF / Net Profit | 2.92× | 1.85× |
| TTM Free Cash FlowTrailing 4 quarters | $480.4M | $356.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $155.7M | $154.7M | ||
| Q3 25 | $256.1M | $122.4M | ||
| Q2 25 | $190.4M | $69.7M | ||
| Q1 25 | $-75.9M | $55.2M | ||
| Q4 24 | $195.7M | $139.5M | ||
| Q3 24 | $180.5M | $90.7M | ||
| Q2 24 | $193.6M | $85.3M | ||
| Q1 24 | $-38.8M | $45.6M |
| Q4 25 | $138.6M | $140.3M | ||
| Q3 25 | $240.9M | $110.9M | ||
| Q2 25 | $178.9M | $59.5M | ||
| Q1 25 | $-77.9M | $45.6M | ||
| Q4 24 | $195.3M | $127.5M | ||
| Q3 24 | $178.5M | $84.3M | ||
| Q2 24 | $193.0M | $78.5M | ||
| Q1 24 | $-39.2M | $35.5M |
| Q4 25 | 26.1% | 22.4% | ||
| Q3 25 | 54.5% | 18.1% | ||
| Q2 25 | 44.6% | 9.2% | ||
| Q1 25 | -24.2% | 8.2% | ||
| Q4 24 | 41.5% | 23.6% | ||
| Q3 24 | 55.7% | 15.5% | ||
| Q2 24 | 53.9% | 13.1% | ||
| Q1 24 | -12.0% | 6.2% |
| Q4 25 | 3.2% | 2.3% | ||
| Q3 25 | 3.4% | 1.9% | ||
| Q2 25 | 2.9% | 1.6% | ||
| Q1 25 | 0.6% | 1.7% | ||
| Q4 24 | 0.1% | 2.2% | ||
| Q3 24 | 0.6% | 1.2% | ||
| Q2 24 | 0.1% | 1.1% | ||
| Q1 24 | 0.1% | 1.8% |
| Q4 25 | 2.92× | 1.85× | ||
| Q3 25 | 6.43× | 1.49× | ||
| Q2 25 | 5.79× | 0.69× | ||
| Q1 25 | -1.41× | 0.75× | ||
| Q4 24 | 3.81× | 2.07× | ||
| Q3 24 | 8.15× | 1.31× | ||
| Q2 24 | 6.84× | 1.04× | ||
| Q1 24 | -1.19× | 0.63× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
