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Side-by-side financial comparison of Regency Centers (REG) and Zurn Elkay Water Solutions Corp (ZWS). Click either name above to swap in a different company.

Zurn Elkay Water Solutions Corp is the larger business by last-quarter revenue ($407.2M vs $404.2M, roughly 1.0× Regency Centers). Regency Centers runs the higher net margin — 50.1% vs 10.3%, a 39.8% gap on every dollar of revenue. On growth, Zurn Elkay Water Solutions Corp posted the faster year-over-year revenue change (9.8% vs 8.5%). Over the past eight quarters, Regency Centers's revenue compounded faster (5.4% CAGR vs 4.4%).

Regency Centers Corporation is a real estate investment trust based in Jacksonville, Florida, and is one of the largest operators of shopping centers with grocery stores as anchor tenants. As of October 21, 2020, the company owned 415 properties comprising 56-million-square feet of space. Notable properties owned by the company include Serramonte Center and a 30% interest in Village District.

Zurn Elkay Water Solutions Corp designs, manufactures, and distributes a wide range of water management and dispensing products, including commercial plumbing fixtures, drinking fountains, water filtration systems, and flow control components. It serves commercial, residential, industrial, and public infrastructure markets primarily across North America, with a focus on delivering sustainable, water-efficient solutions for diverse end-user needs.

REG vs ZWS — Head-to-Head

Bigger by revenue
ZWS
ZWS
1.0× larger
ZWS
$407.2M
$404.2M
REG
Growing faster (revenue YoY)
ZWS
ZWS
+1.3% gap
ZWS
9.8%
8.5%
REG
Higher net margin
REG
REG
39.8% more per $
REG
50.1%
10.3%
ZWS
Faster 2-yr revenue CAGR
REG
REG
Annualised
REG
5.4%
4.4%
ZWS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
REG
REG
ZWS
ZWS
Revenue
$404.2M
$407.2M
Net Profit
$202.5M
$42.1M
Gross Margin
44.4%
Operating Margin
71.0%
14.8%
Net Margin
50.1%
10.3%
Revenue YoY
8.5%
9.8%
Net Profit YoY
134.1%
15.7%
EPS (diluted)
$0.24

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.

Revenue
REG
REG
ZWS
ZWS
Q4 25
$404.2M
$407.2M
Q3 25
$387.6M
$455.4M
Q2 25
$380.8M
$444.5M
Q1 25
$380.9M
$388.8M
Q4 24
$372.5M
$370.7M
Q3 24
$360.3M
$410.0M
Q2 24
$357.3M
$412.0M
Q1 24
$363.9M
$373.8M
Net Profit
REG
REG
ZWS
ZWS
Q4 25
$202.5M
$42.1M
Q3 25
$109.4M
$61.8M
Q2 25
$106.0M
$50.5M
Q1 25
$109.6M
$43.6M
Q4 24
$86.5M
$36.4M
Q3 24
$101.5M
$43.5M
Q2 24
$102.7M
$46.0M
Q1 24
$109.8M
$34.3M
Gross Margin
REG
REG
ZWS
ZWS
Q4 25
44.4%
Q3 25
44.1%
Q2 25
45.5%
Q1 25
46.6%
Q4 24
43.5%
Q3 24
46.2%
Q2 24
45.2%
Q1 24
45.5%
Operating Margin
REG
REG
ZWS
ZWS
Q4 25
71.0%
14.8%
Q3 25
72.7%
17.0%
Q2 25
73.8%
17.5%
Q1 25
71.8%
16.3%
Q4 24
71.1%
13.3%
Q3 24
72.5%
17.1%
Q2 24
72.3%
17.5%
Q1 24
72.3%
14.2%
Net Margin
REG
REG
ZWS
ZWS
Q4 25
50.1%
10.3%
Q3 25
28.2%
13.6%
Q2 25
27.8%
11.4%
Q1 25
28.8%
11.2%
Q4 24
23.2%
9.8%
Q3 24
28.2%
10.6%
Q2 24
28.7%
11.2%
Q1 24
30.2%
9.2%
EPS (diluted)
REG
REG
ZWS
ZWS
Q4 25
$0.24
Q3 25
$0.36
Q2 25
$0.29
Q1 25
$0.26
Q4 24
$0.21
Q3 24
$0.25
Q2 24
$0.27
Q1 24
$0.19

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
REG
REG
ZWS
ZWS
Cash + ST InvestmentsLiquidity on hand
$300.5M
Total DebtLower is stronger
$4.7B
$496.5M
Stockholders' EquityBook value
$6.9B
$1.6B
Total Assets
$13.0B
$2.7B
Debt / EquityLower = less leverage
0.69×
0.31×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
REG
REG
ZWS
ZWS
Q4 25
$300.5M
Q3 25
$260.1M
Q2 25
$201.9M
Q1 25
$144.7M
Q4 24
$198.0M
Q3 24
$187.9M
Q2 24
$162.7M
Q1 24
$157.1M
Total Debt
REG
REG
ZWS
ZWS
Q4 25
$4.7B
$496.5M
Q3 25
$4.9B
$496.4M
Q2 25
$4.8B
$495.9M
Q1 25
$4.6B
$495.8M
Q4 24
$4.4B
$495.6M
Q3 24
$4.4B
$495.6M
Q2 24
$4.4B
$495.5M
Q1 24
$4.4B
$495.4M
Stockholders' Equity
REG
REG
ZWS
ZWS
Q4 25
$6.9B
$1.6B
Q3 25
$6.8B
$1.6B
Q2 25
$6.7B
$1.6B
Q1 25
$6.7B
$1.5B
Q4 24
$6.7B
$1.6B
Q3 24
$6.8B
$1.6B
Q2 24
$6.8B
$1.6B
Q1 24
$7.0B
$1.6B
Total Assets
REG
REG
ZWS
ZWS
Q4 25
$13.0B
$2.7B
Q3 25
$13.1B
$2.7B
Q2 25
$12.7B
$2.7B
Q1 25
$12.6B
$2.6B
Q4 24
$12.4B
$2.6B
Q3 24
$12.4B
$2.7B
Q2 24
$12.4B
$2.7B
Q1 24
$12.7B
$2.7B
Debt / Equity
REG
REG
ZWS
ZWS
Q4 25
0.69×
0.31×
Q3 25
0.72×
0.31×
Q2 25
0.72×
0.32×
Q1 25
0.69×
0.32×
Q4 24
0.66×
0.31×
Q3 24
0.65×
0.31×
Q2 24
0.64×
0.31×
Q1 24
0.63×
0.31×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
REG
REG
ZWS
ZWS
Operating Cash FlowLast quarter
$203.9M
$91.7M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.01×
2.18×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
REG
REG
ZWS
ZWS
Q4 25
$203.9M
$91.7M
Q3 25
$218.7M
$101.3M
Q2 25
$244.0M
$110.6M
Q1 25
$161.0M
$42.9M
Q4 24
$191.4M
$63.6M
Q3 24
$227.6M
$90.9M
Q2 24
$203.5M
$85.1M
Q1 24
$167.8M
$53.9M
Cash Conversion
REG
REG
ZWS
ZWS
Q4 25
1.01×
2.18×
Q3 25
2.00×
1.64×
Q2 25
2.30×
2.19×
Q1 25
1.47×
0.98×
Q4 24
2.21×
1.75×
Q3 24
2.24×
2.09×
Q2 24
1.98×
1.85×
Q1 24
1.53×
1.57×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

REG
REG

Shopping Centers$418.0M103%
Propertymanagementservices$4.1M1%
Assetmanagementservices$1.7M0%

ZWS
ZWS

Segment breakdown not available.

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