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Side-by-side financial comparison of Spectrum Brands Holdings, Inc. (SPB) and WEBSTER FINANCIAL CORP (WBS). Click either name above to swap in a different company.

WEBSTER FINANCIAL CORP is the larger business by last-quarter revenue ($735.9M vs $677.0M, roughly 1.1× Spectrum Brands Holdings, Inc.). WEBSTER FINANCIAL CORP runs the higher net margin — 33.5% vs 4.2%, a 29.3% gap on every dollar of revenue. Over the past eight quarters, WEBSTER FINANCIAL CORP's revenue compounded faster (9.4% CAGR vs -2.9%).

Spectrum Brands Holdings, Inc. is an American multinational consumer products conglomerate headquartered in Middleton, Wisconsin. It was established in 2005 as the successor to Rayovac Corporation.

Webster Bank is an American commercial bank based in Stamford, Connecticut. It has 177 branches and 316 ATMs located in Connecticut; Massachusetts; Rhode Island; New Jersey; Westchester, Orange, Ulster, and Rockland counties in New York as well as New York City.

SPB vs WBS — Head-to-Head

Bigger by revenue
WBS
WBS
1.1× larger
WBS
$735.9M
$677.0M
SPB
Higher net margin
WBS
WBS
29.3% more per $
WBS
33.5%
4.2%
SPB
Faster 2-yr revenue CAGR
WBS
WBS
Annualised
WBS
9.4%
-2.9%
SPB

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
SPB
SPB
WBS
WBS
Revenue
$677.0M
$735.9M
Net Profit
$28.4M
$246.2M
Gross Margin
35.7%
Operating Margin
4.0%
Net Margin
4.2%
33.5%
Revenue YoY
-3.3%
Net Profit YoY
20.9%
8.5%
EPS (diluted)
$1.21
$1.50

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
SPB
SPB
WBS
WBS
Q1 26
$735.9M
Q4 25
$677.0M
$746.2M
Q3 25
$733.5M
$732.6M
Q2 25
$699.6M
$715.8M
Q1 25
$675.7M
$704.8M
Q4 24
$700.2M
$661.0M
Q3 24
$773.8M
$647.6M
Q2 24
$779.4M
$614.6M
Net Profit
SPB
SPB
WBS
WBS
Q1 26
$246.2M
Q4 25
$28.4M
$255.8M
Q3 25
$55.6M
$261.2M
Q2 25
$19.9M
$258.8M
Q1 25
$900.0K
$226.9M
Q4 24
$23.5M
$177.8M
Q3 24
$28.5M
$193.0M
Q2 24
$6.1M
$181.6M
Gross Margin
SPB
SPB
WBS
WBS
Q1 26
Q4 25
35.7%
Q3 25
35.0%
Q2 25
37.8%
Q1 25
37.5%
Q4 24
36.8%
Q3 24
37.2%
Q2 24
38.9%
Operating Margin
SPB
SPB
WBS
WBS
Q1 26
Q4 25
4.0%
48.6%
Q3 25
4.0%
51.3%
Q2 25
4.5%
51.7%
Q1 25
2.9%
51.2%
Q4 24
6.4%
48.5%
Q3 24
2.8%
46.1%
Q2 24
6.1%
47.0%
Net Margin
SPB
SPB
WBS
WBS
Q1 26
33.5%
Q4 25
4.2%
34.3%
Q3 25
7.6%
35.7%
Q2 25
2.8%
36.2%
Q1 25
0.1%
32.2%
Q4 24
3.4%
26.9%
Q3 24
3.7%
29.8%
Q2 24
0.8%
29.6%
EPS (diluted)
SPB
SPB
WBS
WBS
Q1 26
$1.50
Q4 25
$1.21
$1.54
Q3 25
$2.19
$1.54
Q2 25
$0.80
$1.52
Q1 25
$0.03
$1.30
Q4 24
$0.84
$1.01
Q3 24
$1.03
$1.10
Q2 24
$0.21
$1.03

Balance Sheet & Financial Strength

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

Metric
SPB
SPB
WBS
WBS
Cash + ST InvestmentsLiquidity on hand
$126.6M
Total DebtLower is stronger
$738.3M
Stockholders' EquityBook value
$1.9B
$9.6B
Total Assets
$3.4B
$85.6B
Debt / EquityLower = less leverage
0.08×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SPB
SPB
WBS
WBS
Q1 26
Q4 25
$126.6M
Q3 25
$123.6M
Q2 25
$122.0M
Q1 25
$96.0M
Q4 24
$179.9M
Q3 24
$368.9M
Q2 24
$306.8M
Total Debt
SPB
SPB
WBS
WBS
Q1 26
$738.3M
Q4 25
$739.5M
Q3 25
$496.1M
$1.2B
Q2 25
$905.6M
Q1 25
$907.4M
Q4 24
$909.2M
Q3 24
$496.1M
$911.0M
Q2 24
$912.7M
Stockholders' Equity
SPB
SPB
WBS
WBS
Q1 26
$9.6B
Q4 25
$1.9B
$9.5B
Q3 25
$1.9B
$9.5B
Q2 25
$1.9B
$9.3B
Q1 25
$1.9B
$9.2B
Q4 24
$2.0B
$9.1B
Q3 24
$2.1B
$9.2B
Q2 24
$2.1B
$8.8B
Total Assets
SPB
SPB
WBS
WBS
Q1 26
$85.6B
Q4 25
$3.4B
$84.1B
Q3 25
$3.4B
$83.2B
Q2 25
$3.5B
$81.9B
Q1 25
$3.5B
$80.3B
Q4 24
$3.6B
$79.0B
Q3 24
$3.8B
$79.5B
Q2 24
$3.8B
$76.8B
Debt / Equity
SPB
SPB
WBS
WBS
Q1 26
0.08×
Q4 25
0.08×
Q3 25
0.26×
0.13×
Q2 25
0.10×
Q1 25
0.10×
Q4 24
0.10×
Q3 24
0.23×
0.10×
Q2 24
0.10×

Cash Flow & Capital Efficiency

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

Metric
SPB
SPB
WBS
WBS
Operating Cash FlowLast quarter
$67.4M
Free Cash FlowOCF − Capex
$59.3M
FCF MarginFCF / Revenue
8.8%
Capex IntensityCapex / Revenue
1.2%
Cash ConversionOCF / Net Profit
2.37×
TTM Free Cash FlowTrailing 4 quarters
$302.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SPB
SPB
WBS
WBS
Q1 26
Q4 25
$67.4M
$1.1B
Q3 25
$171.1M
$374.7M
Q2 25
$81.8M
$270.9M
Q1 25
$23.1M
$94.9M
Q4 24
$-72.4M
$1.4B
Q3 24
$80.7M
$45.3M
Q2 24
$82.7M
$224.0M
Free Cash Flow
SPB
SPB
WBS
WBS
Q1 26
Q4 25
$59.3M
$1.0B
Q3 25
$157.9M
$362.5M
Q2 25
$71.8M
$257.7M
Q1 25
$13.9M
$86.6M
Q4 24
$-78.3M
$1.4B
Q3 24
$67.7M
$35.3M
Q2 24
$72.6M
$215.6M
FCF Margin
SPB
SPB
WBS
WBS
Q1 26
Q4 25
8.8%
135.2%
Q3 25
21.5%
49.5%
Q2 25
10.3%
36.0%
Q1 25
2.1%
12.3%
Q4 24
-11.2%
207.0%
Q3 24
8.7%
5.4%
Q2 24
9.3%
35.1%
Capex Intensity
SPB
SPB
WBS
WBS
Q1 26
Q4 25
1.2%
6.6%
Q3 25
1.8%
1.7%
Q2 25
1.4%
1.8%
Q1 25
1.4%
1.2%
Q4 24
0.8%
5.4%
Q3 24
1.7%
1.5%
Q2 24
1.3%
1.4%
Cash Conversion
SPB
SPB
WBS
WBS
Q1 26
Q4 25
2.37×
4.14×
Q3 25
3.08×
1.43×
Q2 25
4.11×
1.05×
Q1 25
25.67×
0.42×
Q4 24
-3.08×
7.90×
Q3 24
2.83×
0.23×
Q2 24
13.56×
1.23×

Financial Flow Comparison

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

Revenue Breakdown by Segment

SPB
SPB

HPC Segment$321.5M47%
Global Pet Supplies$168.7M25%
Home And Personal Care$109.8M16%
HG Segment$73.9M11%

WBS
WBS

Net Interest Income$634.4M86%
Noninterest Income$101.5M14%

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