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Side-by-side financial comparison of StoneX Group Inc. (SNEX) and WATTS WATER TECHNOLOGIES INC (WTS). Click either name above to swap in a different company.

StoneX Group Inc. is the larger business by last-quarter revenue ($1.2B vs $625.1M, roughly 1.9× WATTS WATER TECHNOLOGIES INC). WATTS WATER TECHNOLOGIES INC runs the higher net margin — 13.4% vs 11.6%, a 1.8% gap on every dollar of revenue. On growth, StoneX Group Inc. posted the faster year-over-year revenue change (81.0% vs 15.7%). WATTS WATER TECHNOLOGIES INC produced more free cash flow last quarter ($140.3M vs $-1.3B). Over the past eight quarters, StoneX Group Inc.'s revenue compounded faster (53.5% CAGR vs 4.6%).

StoneX Group Inc. is an American financial services company. The company operates in six areas: commercial hedging, global payments, securities, physical commodities, foreign exchange and clearing and execution services (CES).

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...

SNEX vs WTS — Head-to-Head

Bigger by revenue
SNEX
SNEX
1.9× larger
SNEX
$1.2B
$625.1M
WTS
Growing faster (revenue YoY)
SNEX
SNEX
+65.4% gap
SNEX
81.0%
15.7%
WTS
Higher net margin
WTS
WTS
1.8% more per $
WTS
13.4%
11.6%
SNEX
More free cash flow
WTS
WTS
$1.4B more FCF
WTS
$140.3M
$-1.3B
SNEX
Faster 2-yr revenue CAGR
SNEX
SNEX
Annualised
SNEX
53.5%
4.6%
WTS

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
SNEX
SNEX
WTS
WTS
Revenue
$1.2B
$625.1M
Net Profit
$139.0M
$83.7M
Gross Margin
49.5%
Operating Margin
15.4%
18.2%
Net Margin
11.6%
13.4%
Revenue YoY
81.0%
15.7%
Net Profit YoY
63.3%
24.0%
EPS (diluted)
$2.50
$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.

Revenue
SNEX
SNEX
WTS
WTS
Q4 25
$1.2B
$625.1M
Q3 25
$32.7B
$611.7M
Q2 25
$851.2M
$643.7M
Q1 25
$820.4M
$558.0M
Q4 24
$663.1M
$540.4M
Q3 24
$31.1B
$543.6M
Q2 24
$571.8M
$597.3M
Q1 24
$509.2M
$570.9M
Net Profit
SNEX
SNEX
WTS
WTS
Q4 25
$139.0M
$83.7M
Q3 25
$85.7M
$82.2M
Q2 25
$63.4M
$100.9M
Q1 25
$71.7M
$74.0M
Q4 24
$85.1M
$67.5M
Q3 24
$76.7M
$69.1M
Q2 24
$61.9M
$82.0M
Q1 24
$53.1M
$72.6M
Gross Margin
SNEX
SNEX
WTS
WTS
Q4 25
49.5%
Q3 25
3.7%
48.8%
Q2 25
50.6%
Q1 25
48.8%
Q4 24
46.7%
Q3 24
3.0%
47.3%
Q2 24
47.7%
Q1 24
46.9%
Operating Margin
SNEX
SNEX
WTS
WTS
Q4 25
15.4%
18.2%
Q3 25
0.3%
18.2%
Q2 25
-1.3%
21.0%
Q1 25
-1.0%
15.7%
Q4 24
-3.2%
16.5%
Q3 24
-0.0%
17.1%
Q2 24
-4.7%
18.7%
Q1 24
-2.5%
16.9%
Net Margin
SNEX
SNEX
WTS
WTS
Q4 25
11.6%
13.4%
Q3 25
0.3%
13.4%
Q2 25
7.4%
15.7%
Q1 25
8.7%
13.3%
Q4 24
12.8%
12.5%
Q3 24
0.2%
12.7%
Q2 24
10.8%
13.7%
Q1 24
10.4%
12.7%
EPS (diluted)
SNEX
SNEX
WTS
WTS
Q4 25
$2.50
$2.50
Q3 25
$0.72
$2.45
Q2 25
$1.22
$3.01
Q1 25
$1.41
$2.21
Q4 24
$1.69
$2.02
Q3 24
$2.32
$2.06
Q2 24
$1.25
$2.44
Q1 24
$1.09
$2.17

Balance Sheet & Financial Strength

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

Metric
SNEX
SNEX
WTS
WTS
Cash + ST InvestmentsLiquidity on hand
$1.6B
$405.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.5B
$2.0B
Total Assets
$47.8B
$2.9B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SNEX
SNEX
WTS
WTS
Q4 25
$1.6B
$405.5M
Q3 25
$1.6B
$457.7M
Q2 25
$1.3B
$369.3M
Q1 25
$1.3B
$336.8M
Q4 24
$1.4B
$386.9M
Q3 24
$1.3B
$303.9M
Q2 24
$1.2B
$279.4M
Q1 24
$1.3B
$237.1M
Stockholders' Equity
SNEX
SNEX
WTS
WTS
Q4 25
$2.5B
$2.0B
Q3 25
$2.4B
$2.0B
Q2 25
$2.0B
$1.9B
Q1 25
$1.9B
$1.8B
Q4 24
$1.8B
$1.7B
Q3 24
$1.7B
$1.7B
Q2 24
$1.6B
$1.6B
Q1 24
$1.5B
$1.6B
Total Assets
SNEX
SNEX
WTS
WTS
Q4 25
$47.8B
$2.9B
Q3 25
$45.3B
$2.7B
Q2 25
$34.3B
$2.6B
Q1 25
$31.3B
$2.5B
Q4 24
$29.6B
$2.4B
Q3 24
$27.5B
$2.4B
Q2 24
$25.9B
$2.4B
Q1 24
$25.7B
$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
SNEX
SNEX
WTS
WTS
Operating Cash FlowLast quarter
$-1.3B
$154.7M
Free Cash FlowOCF − Capex
$-1.3B
$140.3M
FCF MarginFCF / Revenue
-106.4%
22.4%
Capex IntensityCapex / Revenue
1.3%
2.3%
Cash ConversionOCF / Net Profit
-9.08×
1.85×
TTM Free Cash FlowTrailing 4 quarters
$3.5B
$356.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SNEX
SNEX
WTS
WTS
Q4 25
$-1.3B
$154.7M
Q3 25
$3.5B
$122.4M
Q2 25
$1.5B
$69.7M
Q1 25
$-154.5M
$55.2M
Q4 24
$-477.8M
$139.5M
Q3 24
$192.6M
$90.7M
Q2 24
$-622.1M
$85.3M
Q1 24
$784.0M
$45.6M
Free Cash Flow
SNEX
SNEX
WTS
WTS
Q4 25
$-1.3B
$140.3M
Q3 25
$3.5B
$110.9M
Q2 25
$1.5B
$59.5M
Q1 25
$-169.8M
$45.6M
Q4 24
$-491.4M
$127.5M
Q3 24
$175.9M
$84.3M
Q2 24
$-640.5M
$78.5M
Q1 24
$766.6M
$35.5M
FCF Margin
SNEX
SNEX
WTS
WTS
Q4 25
-106.4%
22.4%
Q3 25
10.7%
18.1%
Q2 25
173.3%
9.2%
Q1 25
-20.7%
8.2%
Q4 24
-74.1%
23.6%
Q3 24
0.6%
15.5%
Q2 24
-112.0%
13.1%
Q1 24
150.5%
6.2%
Capex Intensity
SNEX
SNEX
WTS
WTS
Q4 25
1.3%
2.3%
Q3 25
0.1%
1.9%
Q2 25
1.9%
1.6%
Q1 25
1.9%
1.7%
Q4 24
2.1%
2.2%
Q3 24
0.1%
1.2%
Q2 24
3.2%
1.1%
Q1 24
3.4%
1.8%
Cash Conversion
SNEX
SNEX
WTS
WTS
Q4 25
-9.08×
1.85×
Q3 25
41.18×
1.49×
Q2 25
23.52×
0.69×
Q1 25
-2.15×
0.75×
Q4 24
-5.61×
2.07×
Q3 24
2.51×
1.31×
Q2 24
-10.05×
1.04×
Q1 24
14.76×
0.63×

Financial Flow Comparison

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

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