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Side-by-side financial comparison of SCANSOURCE, INC. (SCSC) and WATTS WATER TECHNOLOGIES INC (WTS). Click either name above to swap in a different company.
SCANSOURCE, INC. is the larger business by last-quarter revenue ($766.5M vs $625.1M, roughly 1.2× WATTS WATER TECHNOLOGIES INC). WATTS WATER TECHNOLOGIES INC runs the higher net margin — 13.4% vs 2.2%, a 11.2% gap on every dollar of revenue. On growth, WATTS WATER TECHNOLOGIES INC posted the faster year-over-year revenue change (15.7% vs 2.5%). WATTS WATER TECHNOLOGIES INC produced more free cash flow last quarter ($140.3M vs $28.9M). Over the past eight quarters, WATTS WATER TECHNOLOGIES INC's revenue compounded faster (4.6% CAGR vs 0.9%).
ScanSource, Inc. is a leading global specialty technology distributor offering a broad portfolio of solutions including point-of-sale systems, barcode scanning tools, cybersecurity products, cloud services and communication solutions. It primarily serves value-added resellers, managed service providers and enterprise clients across North America, Latin America and Europe, covering retail, healthcare, industrial and public sector core segments.
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...
SCSC vs WTS — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $766.5M | $625.1M |
| Net Profit | $16.5M | $83.7M |
| Gross Margin | 13.4% | 49.5% |
| Operating Margin | 2.3% | 18.2% |
| Net Margin | 2.2% | 13.4% |
| Revenue YoY | 2.5% | 15.7% |
| Net Profit YoY | -3.3% | 24.0% |
| EPS (diluted) | $0.75 | $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 | $766.5M | $625.1M | ||
| Q3 25 | $739.6M | $611.7M | ||
| Q2 25 | $812.9M | $643.7M | ||
| Q1 25 | $704.8M | $558.0M | ||
| Q4 24 | $747.5M | $540.4M | ||
| Q3 24 | $775.6M | $543.6M | ||
| Q2 24 | $746.1M | $597.3M | ||
| Q1 24 | $752.6M | $570.9M |
| Q4 25 | $16.5M | $83.7M | ||
| Q3 25 | $19.9M | $82.2M | ||
| Q2 25 | $20.1M | $100.9M | ||
| Q1 25 | $17.4M | $74.0M | ||
| Q4 24 | $17.1M | $67.5M | ||
| Q3 24 | $17.0M | $69.1M | ||
| Q2 24 | $16.1M | $82.0M | ||
| Q1 24 | $12.8M | $72.6M |
| Q4 25 | 13.4% | 49.5% | ||
| Q3 25 | 14.5% | 48.8% | ||
| Q2 25 | 12.9% | 50.6% | ||
| Q1 25 | 14.2% | 48.8% | ||
| Q4 24 | 13.6% | 46.7% | ||
| Q3 24 | 13.1% | 47.3% | ||
| Q2 24 | 13.0% | 47.7% | ||
| Q1 24 | 12.6% | 46.9% |
| Q4 25 | 2.3% | 18.2% | ||
| Q3 25 | 3.5% | 18.2% | ||
| Q2 25 | 3.3% | 21.0% | ||
| Q1 25 | 3.2% | 15.7% | ||
| Q4 24 | 2.5% | 16.5% | ||
| Q3 24 | 2.3% | 17.1% | ||
| Q2 24 | 2.9% | 18.7% | ||
| Q1 24 | 2.3% | 16.9% |
| Q4 25 | 2.2% | 13.4% | ||
| Q3 25 | 2.7% | 13.4% | ||
| Q2 25 | 2.5% | 15.7% | ||
| Q1 25 | 2.5% | 13.3% | ||
| Q4 24 | 2.3% | 12.5% | ||
| Q3 24 | 2.2% | 12.7% | ||
| Q2 24 | 2.2% | 13.7% | ||
| Q1 24 | 1.7% | 12.7% |
| Q4 25 | $0.75 | $2.50 | ||
| Q3 25 | $0.89 | $2.45 | ||
| Q2 25 | $0.87 | $3.01 | ||
| Q1 25 | $0.74 | $2.21 | ||
| Q4 24 | $0.70 | $2.02 | ||
| Q3 24 | $0.69 | $2.06 | ||
| Q2 24 | $0.66 | $2.44 | ||
| Q1 24 | $0.50 | $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 | $83.5M | $405.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $910.9M | $2.0B |
| Total Assets | $1.7B | $2.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $83.5M | $405.5M | ||
| Q3 25 | $124.9M | $457.7M | ||
| Q2 25 | $126.2M | $369.3M | ||
| Q1 25 | $146.3M | $336.8M | ||
| Q4 24 | $110.5M | $386.9M | ||
| Q3 24 | $145.0M | $303.9M | ||
| Q2 24 | $185.5M | $279.4M | ||
| Q1 24 | $159.1M | $237.1M |
| Q4 25 | $910.9M | $2.0B | ||
| Q3 25 | $914.0M | $2.0B | ||
| Q2 25 | $906.4M | $1.9B | ||
| Q1 25 | $901.7M | $1.8B | ||
| Q4 24 | $900.7M | $1.7B | ||
| Q3 24 | $920.9M | $1.7B | ||
| Q2 24 | $924.3M | $1.6B | ||
| Q1 24 | $944.1M | $1.6B |
| Q4 25 | $1.7B | $2.9B | ||
| Q3 25 | $1.7B | $2.7B | ||
| Q2 25 | $1.8B | $2.6B | ||
| Q1 25 | $1.7B | $2.5B | ||
| Q4 24 | $1.7B | $2.4B | ||
| Q3 24 | $1.8B | $2.4B | ||
| Q2 24 | $1.8B | $2.4B | ||
| Q1 24 | $1.8B | $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 | $30.8M | $154.7M |
| Free Cash FlowOCF − Capex | $28.9M | $140.3M |
| FCF MarginFCF / Revenue | 3.8% | 22.4% |
| Capex IntensityCapex / Revenue | 0.3% | 2.3% |
| Cash ConversionOCF / Net Profit | 1.87× | 1.85× |
| TTM Free Cash FlowTrailing 4 quarters | — | $356.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $30.8M | $154.7M | ||
| Q3 25 | $23.2M | $122.4M | ||
| Q2 25 | — | $69.7M | ||
| Q1 25 | $66.1M | $55.2M | ||
| Q4 24 | $-6.2M | $139.5M | ||
| Q3 24 | $44.8M | $90.7M | ||
| Q2 24 | — | $85.3M | ||
| Q1 24 | $160.2M | $45.6M |
| Q4 25 | $28.9M | $140.3M | ||
| Q3 25 | $20.8M | $110.9M | ||
| Q2 25 | — | $59.5M | ||
| Q1 25 | $64.6M | $45.6M | ||
| Q4 24 | $-8.2M | $127.5M | ||
| Q3 24 | $42.5M | $84.3M | ||
| Q2 24 | — | $78.5M | ||
| Q1 24 | $157.7M | $35.5M |
| Q4 25 | 3.8% | 22.4% | ||
| Q3 25 | 2.8% | 18.1% | ||
| Q2 25 | — | 9.2% | ||
| Q1 25 | 9.2% | 8.2% | ||
| Q4 24 | -1.1% | 23.6% | ||
| Q3 24 | 5.5% | 15.5% | ||
| Q2 24 | — | 13.1% | ||
| Q1 24 | 21.0% | 6.2% |
| Q4 25 | 0.3% | 2.3% | ||
| Q3 25 | 0.3% | 1.9% | ||
| Q2 25 | 0.3% | 1.6% | ||
| Q1 25 | 0.2% | 1.7% | ||
| Q4 24 | 0.3% | 2.2% | ||
| Q3 24 | 0.3% | 1.2% | ||
| Q2 24 | 0.2% | 1.1% | ||
| Q1 24 | 0.3% | 1.8% |
| Q4 25 | 1.87× | 1.85× | ||
| Q3 25 | 1.17× | 1.49× | ||
| Q2 25 | — | 0.69× | ||
| Q1 25 | 3.79× | 0.75× | ||
| Q4 24 | -0.36× | 2.07× | ||
| Q3 24 | 2.64× | 1.31× | ||
| Q2 24 | — | 1.04× | ||
| Q1 24 | 12.51× | 0.63× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
SCSC
| Products And Services | $723.4M | 94% |
| Intelisys Advisory | $25.0M | 3% |
| Recurring Revenue | $18.2M | 2% |
WTS
Segment breakdown not available.
