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Side-by-side financial comparison of SouthState Bank Corp (SSB) and WATTS WATER TECHNOLOGIES INC (WTS). Click either name above to swap in a different company.
SouthState Bank Corp is the larger business by last-quarter revenue ($661.7M vs $625.1M, roughly 1.1× WATTS WATER TECHNOLOGIES INC). SouthState Bank Corp runs the higher net margin — 34.1% vs 13.4%, a 20.7% gap on every dollar of revenue. Over the past eight quarters, SouthState Bank Corp's revenue compounded faster (37.4% CAGR vs 4.6%).
SouthState Bank, based in Winter Haven, Florida, is an American bank and a subsidiary of SouthState Corporation, a bank holding company. As of May 26, 2025, the company had 371 branches in South Carolina, North Carolina, Georgia, Florida, Alabama, Virginia, Colorado and Texas.
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...
SSB vs WTS — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $661.7M | $625.1M |
| Net Profit | $225.8M | $83.7M |
| Gross Margin | — | 49.5% |
| Operating Margin | 15.1% | 18.2% |
| Net Margin | 34.1% | 13.4% |
| Revenue YoY | — | 15.7% |
| Net Profit YoY | 153.5% | 24.0% |
| EPS (diluted) | $2.28 | $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.
| Q1 26 | $661.7M | — | ||
| Q4 25 | $581.1M | $625.1M | ||
| Q3 25 | $599.7M | $611.7M | ||
| Q2 25 | $577.9M | $643.7M | ||
| Q1 25 | $544.5M | $558.0M | ||
| Q4 24 | $369.8M | $540.4M | ||
| Q3 24 | $351.5M | $543.6M | ||
| Q2 24 | $350.3M | $597.3M |
| Q1 26 | $225.8M | — | ||
| Q4 25 | $247.7M | $83.7M | ||
| Q3 25 | $246.6M | $82.2M | ||
| Q2 25 | $215.2M | $100.9M | ||
| Q1 25 | $89.1M | $74.0M | ||
| Q4 24 | $144.2M | $67.5M | ||
| Q3 24 | $143.2M | $69.1M | ||
| Q2 24 | $132.4M | $82.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 49.5% | ||
| Q3 25 | — | 48.8% | ||
| Q2 25 | — | 50.6% | ||
| Q1 25 | — | 48.8% | ||
| Q4 24 | — | 46.7% | ||
| Q3 24 | — | 47.3% | ||
| Q2 24 | — | 47.7% |
| Q1 26 | 15.1% | — | ||
| Q4 25 | 54.3% | 18.2% | ||
| Q3 25 | 53.6% | 18.2% | ||
| Q2 25 | 48.8% | 21.0% | ||
| Q1 25 | 22.3% | 15.7% | ||
| Q4 24 | 50.7% | 16.5% | ||
| Q3 24 | 53.1% | 17.1% | ||
| Q2 24 | 49.3% | 18.7% |
| Q1 26 | 34.1% | — | ||
| Q4 25 | 42.6% | 13.4% | ||
| Q3 25 | 41.1% | 13.4% | ||
| Q2 25 | 37.2% | 15.7% | ||
| Q1 25 | 16.4% | 13.3% | ||
| Q4 24 | 39.0% | 12.5% | ||
| Q3 24 | 40.7% | 12.7% | ||
| Q2 24 | 37.8% | 13.7% |
| Q1 26 | $2.28 | — | ||
| Q4 25 | $2.47 | $2.50 | ||
| Q3 25 | $2.42 | $2.45 | ||
| Q2 25 | $2.11 | $3.01 | ||
| Q1 25 | $0.87 | $2.21 | ||
| Q4 24 | $1.88 | $2.02 | ||
| Q3 24 | $1.86 | $2.06 | ||
| Q2 24 | $1.73 | $2.44 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $2.9B | $405.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $9.0B | $2.0B |
| Total Assets | $68.0B | $2.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $2.9B | — | ||
| Q4 25 | — | $405.5M | ||
| Q3 25 | — | $457.7M | ||
| Q2 25 | — | $369.3M | ||
| Q1 25 | — | $336.8M | ||
| Q4 24 | — | $386.9M | ||
| Q3 24 | — | $303.9M | ||
| Q2 24 | — | $279.4M |
| Q1 26 | $9.0B | — | ||
| Q4 25 | $9.1B | $2.0B | ||
| Q3 25 | $9.0B | $2.0B | ||
| Q2 25 | $8.8B | $1.9B | ||
| Q1 25 | $8.6B | $1.8B | ||
| Q4 24 | $5.9B | $1.7B | ||
| Q3 24 | $5.9B | $1.7B | ||
| Q2 24 | $5.7B | $1.6B |
| Q1 26 | $68.0B | — | ||
| Q4 25 | $67.2B | $2.9B | ||
| Q3 25 | $66.0B | $2.7B | ||
| Q2 25 | $65.9B | $2.6B | ||
| Q1 25 | $65.1B | $2.5B | ||
| Q4 24 | $46.4B | $2.4B | ||
| Q3 24 | $46.1B | $2.4B | ||
| Q2 24 | $45.5B | $2.4B |
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 | — | $154.7M |
| Free Cash FlowOCF − Capex | — | $140.3M |
| FCF MarginFCF / Revenue | — | 22.4% |
| Capex IntensityCapex / Revenue | — | 2.3% |
| Cash ConversionOCF / Net Profit | — | 1.85× |
| TTM Free Cash FlowTrailing 4 quarters | — | $356.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $232.1M | $154.7M | ||
| Q3 25 | $122.4M | $122.4M | ||
| Q2 25 | $72.6M | $69.7M | ||
| Q1 25 | $-126.3M | $55.2M | ||
| Q4 24 | $354.3M | $139.5M | ||
| Q3 24 | $-246.8M | $90.7M | ||
| Q2 24 | $126.8M | $85.3M |
| Q1 26 | — | — | ||
| Q4 25 | $215.5M | $140.3M | ||
| Q3 25 | $101.7M | $110.9M | ||
| Q2 25 | $52.5M | $59.5M | ||
| Q1 25 | $-139.1M | $45.6M | ||
| Q4 24 | $340.9M | $127.5M | ||
| Q3 24 | $-254.2M | $84.3M | ||
| Q2 24 | $117.3M | $78.5M |
| Q1 26 | — | — | ||
| Q4 25 | 37.1% | 22.4% | ||
| Q3 25 | 17.0% | 18.1% | ||
| Q2 25 | 9.1% | 9.2% | ||
| Q1 25 | -25.5% | 8.2% | ||
| Q4 24 | 92.2% | 23.6% | ||
| Q3 24 | -72.3% | 15.5% | ||
| Q2 24 | 33.5% | 13.1% |
| Q1 26 | — | — | ||
| Q4 25 | 2.9% | 2.3% | ||
| Q3 25 | 3.5% | 1.9% | ||
| Q2 25 | 3.5% | 1.6% | ||
| Q1 25 | 2.4% | 1.7% | ||
| Q4 24 | 3.6% | 2.2% | ||
| Q3 24 | 2.1% | 1.2% | ||
| Q2 24 | 2.7% | 1.1% |
| Q1 26 | — | — | ||
| Q4 25 | 0.94× | 1.85× | ||
| Q3 25 | 0.50× | 1.49× | ||
| Q2 25 | 0.34× | 0.69× | ||
| Q1 25 | -1.42× | 0.75× | ||
| Q4 24 | 2.46× | 2.07× | ||
| Q3 24 | -1.72× | 1.31× | ||
| Q2 24 | 0.96× | 1.04× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
SSB
| Net Interest Income | $561.6M | 85% |
| Noninterest Income | $100.1M | 15% |
WTS
Segment breakdown not available.
