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Side-by-side financial comparison of Spectrum Brands Holdings, Inc. (SPB) and WATTS WATER TECHNOLOGIES INC (WTS). Click either name above to swap in a different company.
Spectrum Brands Holdings, Inc. is the larger business by last-quarter revenue ($677.0M vs $625.1M, roughly 1.1× WATTS WATER TECHNOLOGIES INC). WATTS WATER TECHNOLOGIES INC runs the higher net margin — 13.4% vs 4.2%, a 9.2% gap on every dollar of revenue. On growth, WATTS WATER TECHNOLOGIES INC posted the faster year-over-year revenue change (15.7% vs -3.3%). WATTS WATER TECHNOLOGIES INC produced more free cash flow last quarter ($140.3M vs $59.3M). Over the past eight quarters, WATTS WATER TECHNOLOGIES INC's revenue compounded faster (4.6% 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.
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...
SPB vs WTS — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $677.0M | $625.1M |
| Net Profit | $28.4M | $83.7M |
| Gross Margin | 35.7% | 49.5% |
| Operating Margin | 4.0% | 18.2% |
| Net Margin | 4.2% | 13.4% |
| Revenue YoY | -3.3% | 15.7% |
| Net Profit YoY | 20.9% | 24.0% |
| EPS (diluted) | $1.21 | $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 | $677.0M | $625.1M | ||
| Q3 25 | $733.5M | $611.7M | ||
| Q2 25 | $699.6M | $643.7M | ||
| Q1 25 | $675.7M | $558.0M | ||
| Q4 24 | $700.2M | $540.4M | ||
| Q3 24 | $773.8M | $543.6M | ||
| Q2 24 | $779.4M | $597.3M | ||
| Q1 24 | $718.5M | $570.9M |
| Q4 25 | $28.4M | $83.7M | ||
| Q3 25 | $55.6M | $82.2M | ||
| Q2 25 | $19.9M | $100.9M | ||
| Q1 25 | $900.0K | $74.0M | ||
| Q4 24 | $23.5M | $67.5M | ||
| Q3 24 | $28.5M | $69.1M | ||
| Q2 24 | $6.1M | $82.0M | ||
| Q1 24 | $61.1M | $72.6M |
| Q4 25 | 35.7% | 49.5% | ||
| Q3 25 | 35.0% | 48.8% | ||
| Q2 25 | 37.8% | 50.6% | ||
| Q1 25 | 37.5% | 48.8% | ||
| Q4 24 | 36.8% | 46.7% | ||
| Q3 24 | 37.2% | 47.3% | ||
| Q2 24 | 38.9% | 47.7% | ||
| Q1 24 | 38.1% | 46.9% |
| Q4 25 | 4.0% | 18.2% | ||
| Q3 25 | 4.0% | 18.2% | ||
| Q2 25 | 4.5% | 21.0% | ||
| Q1 25 | 2.9% | 15.7% | ||
| Q4 24 | 6.4% | 16.5% | ||
| Q3 24 | 2.8% | 17.1% | ||
| Q2 24 | 6.1% | 18.7% | ||
| Q1 24 | 10.6% | 16.9% |
| Q4 25 | 4.2% | 13.4% | ||
| Q3 25 | 7.6% | 13.4% | ||
| Q2 25 | 2.8% | 15.7% | ||
| Q1 25 | 0.1% | 13.3% | ||
| Q4 24 | 3.4% | 12.5% | ||
| Q3 24 | 3.7% | 12.7% | ||
| Q2 24 | 0.8% | 13.7% | ||
| Q1 24 | 8.5% | 12.7% |
| Q4 25 | $1.21 | $2.50 | ||
| Q3 25 | $2.19 | $2.45 | ||
| Q2 25 | $0.80 | $3.01 | ||
| Q1 25 | $0.03 | $2.21 | ||
| Q4 24 | $0.84 | $2.02 | ||
| Q3 24 | $1.03 | $2.06 | ||
| Q2 24 | $0.21 | $2.44 | ||
| Q1 24 | $2.01 | $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 | $126.6M | $405.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.9B | $2.0B |
| Total Assets | $3.4B | $2.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $126.6M | $405.5M | ||
| Q3 25 | $123.6M | $457.7M | ||
| Q2 25 | $122.0M | $369.3M | ||
| Q1 25 | $96.0M | $336.8M | ||
| Q4 24 | $179.9M | $386.9M | ||
| Q3 24 | $368.9M | $303.9M | ||
| Q2 24 | $306.8M | $279.4M | ||
| Q1 24 | $1.2B | $237.1M |
| Q4 25 | — | — | ||
| Q3 25 | $496.1M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $496.1M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.9B | $2.0B | ||
| Q3 25 | $1.9B | $2.0B | ||
| Q2 25 | $1.9B | $1.9B | ||
| Q1 25 | $1.9B | $1.8B | ||
| Q4 24 | $2.0B | $1.7B | ||
| Q3 24 | $2.1B | $1.7B | ||
| Q2 24 | $2.1B | $1.6B | ||
| Q1 24 | $2.3B | $1.6B |
| Q4 25 | $3.4B | $2.9B | ||
| Q3 25 | $3.4B | $2.7B | ||
| Q2 25 | $3.5B | $2.6B | ||
| Q1 25 | $3.5B | $2.5B | ||
| Q4 24 | $3.6B | $2.4B | ||
| Q3 24 | $3.8B | $2.4B | ||
| Q2 24 | $3.8B | $2.4B | ||
| Q1 24 | $4.8B | $2.3B |
| Q4 25 | — | — | ||
| Q3 25 | 0.26× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.23× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $67.4M | $154.7M |
| Free Cash FlowOCF − Capex | $59.3M | $140.3M |
| FCF MarginFCF / Revenue | 8.8% | 22.4% |
| Capex IntensityCapex / Revenue | 1.2% | 2.3% |
| Cash ConversionOCF / Net Profit | 2.37× | 1.85× |
| TTM Free Cash FlowTrailing 4 quarters | $302.9M | $356.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $67.4M | $154.7M | ||
| Q3 25 | $171.1M | $122.4M | ||
| Q2 25 | $81.8M | $69.7M | ||
| Q1 25 | $23.1M | $55.2M | ||
| Q4 24 | $-72.4M | $139.5M | ||
| Q3 24 | $80.7M | $90.7M | ||
| Q2 24 | $82.7M | $85.3M | ||
| Q1 24 | $3.5M | $45.6M |
| Q4 25 | $59.3M | $140.3M | ||
| Q3 25 | $157.9M | $110.9M | ||
| Q2 25 | $71.8M | $59.5M | ||
| Q1 25 | $13.9M | $45.6M | ||
| Q4 24 | $-78.3M | $127.5M | ||
| Q3 24 | $67.7M | $84.3M | ||
| Q2 24 | $72.6M | $78.5M | ||
| Q1 24 | $-9.0M | $35.5M |
| Q4 25 | 8.8% | 22.4% | ||
| Q3 25 | 21.5% | 18.1% | ||
| Q2 25 | 10.3% | 9.2% | ||
| Q1 25 | 2.1% | 8.2% | ||
| Q4 24 | -11.2% | 23.6% | ||
| Q3 24 | 8.7% | 15.5% | ||
| Q2 24 | 9.3% | 13.1% | ||
| Q1 24 | -1.3% | 6.2% |
| Q4 25 | 1.2% | 2.3% | ||
| Q3 25 | 1.8% | 1.9% | ||
| Q2 25 | 1.4% | 1.6% | ||
| Q1 25 | 1.4% | 1.7% | ||
| Q4 24 | 0.8% | 2.2% | ||
| Q3 24 | 1.7% | 1.2% | ||
| Q2 24 | 1.3% | 1.1% | ||
| Q1 24 | 1.7% | 1.8% |
| Q4 25 | 2.37× | 1.85× | ||
| Q3 25 | 3.08× | 1.49× | ||
| Q2 25 | 4.11× | 0.69× | ||
| Q1 25 | 25.67× | 0.75× | ||
| Q4 24 | -3.08× | 2.07× | ||
| Q3 24 | 2.83× | 1.31× | ||
| Q2 24 | 13.56× | 1.04× | ||
| Q1 24 | 0.06× | 0.63× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
SPB
| HPC Segment | $321.5M | 47% |
| Global Pet Supplies | $168.7M | 25% |
| Home And Personal Care | $109.8M | 16% |
| HG Segment | $73.9M | 11% |
WTS
Segment breakdown not available.
