vs
Side-by-side financial comparison of RLI CORP (RLI) 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 $465.7M, roughly 1.3× RLI CORP). RLI CORP runs the higher net margin — 19.6% vs 13.4%, a 6.2% gap on every dollar of revenue. On growth, WATTS WATER TECHNOLOGIES INC posted the faster year-over-year revenue change (15.7% vs 6.1%). RLI CORP produced more free cash flow last quarter ($155.0M vs $140.3M). Over the past eight quarters, WATTS WATER TECHNOLOGIES INC's revenue compounded faster (4.6% CAGR vs 2.3%).
RLI Corp. is an American insurance company specializing in property insurance and casualty insurance. It is headquartered in Peoria, Illinois.
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...
RLI vs WTS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $465.7M | $625.1M |
| Net Profit | $91.2M | $83.7M |
| Gross Margin | — | 49.5% |
| Operating Margin | 24.4% | 18.2% |
| Net Margin | 19.6% | 13.4% |
| Revenue YoY | 6.1% | 15.7% |
| Net Profit YoY | 123.1% | 24.0% |
| EPS (diluted) | $1.00 | $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 | $465.7M | $625.1M | ||
| Q3 25 | $509.3M | $611.7M | ||
| Q2 25 | $499.8M | $643.7M | ||
| Q1 25 | $407.7M | $558.0M | ||
| Q4 24 | $439.1M | $540.4M | ||
| Q3 24 | $470.0M | $543.6M | ||
| Q2 24 | $416.4M | $597.3M | ||
| Q1 24 | $444.8M | $570.9M |
| Q4 25 | $91.2M | $83.7M | ||
| Q3 25 | $124.6M | $82.2M | ||
| Q2 25 | $124.3M | $100.9M | ||
| Q1 25 | $63.2M | $74.0M | ||
| Q4 24 | $40.9M | $67.5M | ||
| Q3 24 | $95.0M | $69.1M | ||
| Q2 24 | $82.0M | $82.0M | ||
| Q1 24 | $127.9M | $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 | 24.4% | 18.2% | ||
| Q3 25 | 30.9% | 18.2% | ||
| Q2 25 | 31.3% | 21.0% | ||
| Q1 25 | 19.3% | 15.7% | ||
| Q4 24 | 10.8% | 16.5% | ||
| Q3 24 | 24.9% | 17.1% | ||
| Q2 24 | 24.8% | 18.7% | ||
| Q1 24 | 36.0% | 16.9% |
| Q4 25 | 19.6% | 13.4% | ||
| Q3 25 | 24.5% | 13.4% | ||
| Q2 25 | 24.9% | 15.7% | ||
| Q1 25 | 15.5% | 13.3% | ||
| Q4 24 | 9.3% | 12.5% | ||
| Q3 24 | 20.2% | 12.7% | ||
| Q2 24 | 19.7% | 13.7% | ||
| Q1 24 | 28.8% | 12.7% |
| Q4 25 | $1.00 | $2.50 | ||
| Q3 25 | $1.35 | $2.45 | ||
| Q2 25 | $1.34 | $3.01 | ||
| Q1 25 | $0.68 | $2.21 | ||
| Q4 24 | $-2.87 | $2.02 | ||
| Q3 24 | $2.06 | $2.06 | ||
| Q2 24 | $1.78 | $2.44 | ||
| Q1 24 | $2.77 | $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 | — | $405.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.8B | $2.0B |
| Total Assets | $6.2B | $2.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $405.5M | ||
| Q3 25 | — | $457.7M | ||
| Q2 25 | — | $369.3M | ||
| Q1 25 | — | $336.8M | ||
| Q4 24 | — | $386.9M | ||
| Q3 24 | — | $303.9M | ||
| Q2 24 | — | $279.4M | ||
| Q1 24 | — | $237.1M |
| Q4 25 | — | — | ||
| Q3 25 | $100.0M | — | ||
| Q2 25 | $100.0M | — | ||
| Q1 25 | $100.0M | — | ||
| Q4 24 | $100.0M | — | ||
| Q3 24 | $100.0M | — | ||
| Q2 24 | $100.0M | — | ||
| Q1 24 | $100.0M | — |
| Q4 25 | $1.8B | $2.0B | ||
| Q3 25 | $1.9B | $2.0B | ||
| Q2 25 | $1.7B | $1.9B | ||
| Q1 25 | $1.6B | $1.8B | ||
| Q4 24 | $1.5B | $1.7B | ||
| Q3 24 | $1.7B | $1.7B | ||
| Q2 24 | $1.6B | $1.6B | ||
| Q1 24 | $1.5B | $1.6B |
| Q4 25 | $6.2B | $2.9B | ||
| Q3 25 | $6.2B | $2.7B | ||
| Q2 25 | $6.0B | $2.6B | ||
| Q1 25 | $5.7B | $2.5B | ||
| Q4 24 | $5.6B | $2.4B | ||
| Q3 24 | $5.8B | $2.4B | ||
| Q2 24 | $5.5B | $2.4B | ||
| Q1 24 | $5.3B | $2.3B |
| Q4 25 | — | — | ||
| Q3 25 | 0.05× | — | ||
| Q2 25 | 0.06× | — | ||
| Q1 25 | 0.06× | — | ||
| Q4 24 | 0.07× | — | ||
| Q3 24 | 0.06× | — | ||
| Q2 24 | 0.06× | — | ||
| Q1 24 | 0.07× | — |
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 | $156.8M | $154.7M |
| Free Cash FlowOCF − Capex | $155.0M | $140.3M |
| FCF MarginFCF / Revenue | 33.3% | 22.4% |
| Capex IntensityCapex / Revenue | 0.4% | 2.3% |
| Cash ConversionOCF / Net Profit | 1.72× | 1.85× |
| TTM Free Cash FlowTrailing 4 quarters | $608.7M | $356.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $156.8M | $154.7M | ||
| Q3 25 | $179.2M | $122.4M | ||
| Q2 25 | $174.7M | $69.7M | ||
| Q1 25 | $103.5M | $55.2M | ||
| Q4 24 | $128.1M | $139.5M | ||
| Q3 24 | $219.4M | $90.7M | ||
| Q2 24 | $141.8M | $85.3M | ||
| Q1 24 | $70.9M | $45.6M |
| Q4 25 | $155.0M | $140.3M | ||
| Q3 25 | $177.8M | $110.9M | ||
| Q2 25 | $173.4M | $59.5M | ||
| Q1 25 | $102.5M | $45.6M | ||
| Q4 24 | $127.6M | $127.5M | ||
| Q3 24 | $219.0M | $84.3M | ||
| Q2 24 | $139.1M | $78.5M | ||
| Q1 24 | $69.9M | $35.5M |
| Q4 25 | 33.3% | 22.4% | ||
| Q3 25 | 34.9% | 18.1% | ||
| Q2 25 | 34.7% | 9.2% | ||
| Q1 25 | 25.1% | 8.2% | ||
| Q4 24 | 29.0% | 23.6% | ||
| Q3 24 | 46.6% | 15.5% | ||
| Q2 24 | 33.4% | 13.1% | ||
| Q1 24 | 15.7% | 6.2% |
| Q4 25 | 0.4% | 2.3% | ||
| Q3 25 | 0.3% | 1.9% | ||
| Q2 25 | 0.3% | 1.6% | ||
| Q1 25 | 0.3% | 1.7% | ||
| Q4 24 | 0.1% | 2.2% | ||
| Q3 24 | 0.1% | 1.2% | ||
| Q2 24 | 0.7% | 1.1% | ||
| Q1 24 | 0.2% | 1.8% |
| Q4 25 | 1.72× | 1.85× | ||
| Q3 25 | 1.44× | 1.49× | ||
| Q2 25 | 1.41× | 0.69× | ||
| Q1 25 | 1.64× | 0.75× | ||
| Q4 24 | 3.13× | 2.07× | ||
| Q3 24 | 2.31× | 1.31× | ||
| Q2 24 | 1.73× | 1.04× | ||
| Q1 24 | 0.55× | 0.63× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
RLI
| Casualty Segment | $246.8M | 53% |
| Property Insurance Segment | $122.5M | 26% |
| Other | $59.3M | 13% |
| Surety Insurance Segment | $37.1M | 8% |
WTS
Segment breakdown not available.
