vs

Side-by-side financial comparison of SL GREEN REALTY CORP (SLG) 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 $276.5M, roughly 1.5× SL GREEN REALTY CORP). Zurn Elkay Water Solutions Corp runs the higher net margin — 10.3% vs -36.5%, a 46.8% gap on every dollar of revenue. On growth, SL GREEN REALTY CORP posted the faster year-over-year revenue change (12.4% vs 9.8%). Over the past eight quarters, SL GREEN REALTY CORP's revenue compounded faster (21.3% CAGR vs 4.4%).

SL Green Realty Corp. is a real estate investment trust that primarily invests in office buildings and shopping centers in New York City. As of December 31, 2024, the company owned interests in 39 properties comprising 25,297,353 square feet, primarily in Manhattan. It has been referred to as "New York City’s largest office landlord".

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.

SLG vs ZWS — Head-to-Head

Bigger by revenue
ZWS
ZWS
1.5× larger
ZWS
$407.2M
$276.5M
SLG
Growing faster (revenue YoY)
SLG
SLG
+2.6% gap
SLG
12.4%
9.8%
ZWS
Higher net margin
ZWS
ZWS
46.8% more per $
ZWS
10.3%
-36.5%
SLG
Faster 2-yr revenue CAGR
SLG
SLG
Annualised
SLG
21.3%
4.4%
ZWS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
SLG
SLG
ZWS
ZWS
Revenue
$276.5M
$407.2M
Net Profit
$-100.8M
$42.1M
Gross Margin
44.4%
Operating Margin
64.2%
14.8%
Net Margin
-36.5%
10.3%
Revenue YoY
12.4%
9.8%
Net Profit YoY
-870.0%
15.7%
EPS (diluted)
$-1.49
$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
SLG
SLG
ZWS
ZWS
Q4 25
$276.5M
$407.2M
Q3 25
$244.8M
$455.4M
Q2 25
$241.9M
$444.5M
Q1 25
$239.8M
$388.8M
Q4 24
$245.9M
$370.7M
Q3 24
$229.7M
$410.0M
Q2 24
$222.8M
$412.0M
Q1 24
$187.9M
$373.8M
Net Profit
SLG
SLG
ZWS
ZWS
Q4 25
$-100.8M
$42.1M
Q3 25
$28.6M
$61.8M
Q2 25
$-7.4M
$50.5M
Q1 25
$-17.3M
$43.6M
Q4 24
$19.1M
$36.4M
Q3 24
$-9.5M
$43.5M
Q2 24
$1.6M
$46.0M
Q1 24
$16.9M
$34.3M
Gross Margin
SLG
SLG
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
SLG
SLG
ZWS
ZWS
Q4 25
64.2%
14.8%
Q3 25
85.5%
17.0%
Q2 25
53.4%
17.5%
Q1 25
56.7%
16.3%
Q4 24
59.8%
13.3%
Q3 24
65.1%
17.1%
Q2 24
79.2%
17.5%
Q1 24
14.2%
Net Margin
SLG
SLG
ZWS
ZWS
Q4 25
-36.5%
10.3%
Q3 25
11.7%
13.6%
Q2 25
-3.0%
11.4%
Q1 25
-7.2%
11.2%
Q4 24
7.8%
9.8%
Q3 24
-4.2%
10.6%
Q2 24
0.7%
11.2%
Q1 24
9.0%
9.2%
EPS (diluted)
SLG
SLG
ZWS
ZWS
Q4 25
$-1.49
$0.24
Q3 25
$0.34
$0.36
Q2 25
$-0.16
$0.29
Q1 25
$-0.30
$0.26
Q4 24
$0.13
$0.21
Q3 24
$-0.21
$0.25
Q2 24
$-0.04
$0.27
Q1 24
$0.20
$0.19

Balance Sheet & Financial Strength

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

Metric
SLG
SLG
ZWS
ZWS
Cash + ST InvestmentsLiquidity on hand
$155.7M
$300.5M
Total DebtLower is stronger
$496.5M
Stockholders' EquityBook value
$3.7B
$1.6B
Total Assets
$11.1B
$2.7B
Debt / EquityLower = less leverage
0.31×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SLG
SLG
ZWS
ZWS
Q4 25
$155.7M
$300.5M
Q3 25
$187.0M
$260.1M
Q2 25
$182.9M
$201.9M
Q1 25
$180.1M
$144.7M
Q4 24
$184.3M
$198.0M
Q3 24
$188.2M
$187.9M
Q2 24
$199.5M
$162.7M
Q1 24
$196.0M
$157.1M
Total Debt
SLG
SLG
ZWS
ZWS
Q4 25
$496.5M
Q3 25
$496.4M
Q2 25
$495.9M
Q1 25
$495.8M
Q4 24
$495.6M
Q3 24
$495.6M
Q2 24
$495.5M
Q1 24
$495.4M
Stockholders' Equity
SLG
SLG
ZWS
ZWS
Q4 25
$3.7B
$1.6B
Q3 25
$3.8B
$1.6B
Q2 25
$3.8B
$1.6B
Q1 25
$3.8B
$1.5B
Q4 24
$4.0B
$1.6B
Q3 24
$3.6B
$1.6B
Q2 24
$3.7B
$1.6B
Q1 24
$3.7B
$1.6B
Total Assets
SLG
SLG
ZWS
ZWS
Q4 25
$11.1B
$2.7B
Q3 25
$11.1B
$2.7B
Q2 25
$11.3B
$2.7B
Q1 25
$11.4B
$2.6B
Q4 24
$10.5B
$2.6B
Q3 24
$10.2B
$2.7B
Q2 24
$9.5B
$2.7B
Q1 24
$9.8B
$2.7B
Debt / Equity
SLG
SLG
ZWS
ZWS
Q4 25
0.31×
Q3 25
0.31×
Q2 25
0.32×
Q1 25
0.32×
Q4 24
0.31×
Q3 24
0.31×
Q2 24
0.31×
Q1 24
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
SLG
SLG
ZWS
ZWS
Operating Cash FlowLast quarter
$82.9M
$91.7M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
2.18×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SLG
SLG
ZWS
ZWS
Q4 25
$82.9M
$91.7M
Q3 25
$-6.8M
$101.3M
Q2 25
$54.5M
$110.6M
Q1 25
$6.7M
$42.9M
Q4 24
$129.6M
$63.6M
Q3 24
$16.7M
$90.9M
Q2 24
$79.4M
$85.1M
Q1 24
$-24.7M
$53.9M
Cash Conversion
SLG
SLG
ZWS
ZWS
Q4 25
2.18×
Q3 25
-0.24×
1.64×
Q2 25
2.19×
Q1 25
0.98×
Q4 24
6.77×
1.75×
Q3 24
2.09×
Q2 24
50.33×
1.85×
Q1 24
-1.46×
1.57×

Financial Flow Comparison

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

Revenue Breakdown by Segment

SLG
SLG

Real Estate Segment$223.1M81%
Other$35.9M13%
Debt And Preferred Equity Segment$17.4M6%

ZWS
ZWS

Segment breakdown not available.

Related Comparisons