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Side-by-side financial comparison of TEXAS CAPITAL BANCSHARES INC (TCBI) and WATTS WATER TECHNOLOGIES INC (WTS). Click either name above to swap in a different company.
WATTS WATER TECHNOLOGIES INC is the larger business by last-quarter revenue ($677.3M vs $324.0M, roughly 2.1× TEXAS CAPITAL BANCSHARES INC). TEXAS CAPITAL BANCSHARES INC runs the higher net margin — 22.8% vs 14.7%, a 8.1% gap on every dollar of revenue. On growth, WATTS WATER TECHNOLOGIES INC posted the faster year-over-year revenue change (21.4% vs 15.5%). Over the past eight quarters, TEXAS CAPITAL BANCSHARES INC's revenue compounded faster (10.2% CAGR vs 6.5%).
Texas Capital Bank is a bank headquartered in Dallas, Texas. The bank has branches located in every major city in Texas. Its parent bank holding company is Texas Capital Bancshares. It also operates an online-only banking division, Bask Bank.
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...
TCBI vs WTS — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $324.0M | $677.3M |
| Net Profit | $73.8M | $99.6M |
| Gross Margin | — | 48.1% |
| Operating Margin | — | 19.6% |
| Net Margin | 22.8% | 14.7% |
| Revenue YoY | 15.5% | 21.4% |
| Net Profit YoY | 56.8% | 34.6% |
| EPS (diluted) | $1.56 | $2.97 |
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 | $324.0M | $677.3M | ||
| Q4 25 | $327.5M | $625.1M | ||
| Q3 25 | $340.4M | $611.7M | ||
| Q2 25 | $307.5M | $643.7M | ||
| Q1 25 | $280.5M | $558.0M | ||
| Q4 24 | $229.6M | $540.4M | ||
| Q3 24 | $125.3M | $543.6M | ||
| Q2 24 | $267.0M | $597.3M |
| Q1 26 | $73.8M | $99.6M | ||
| Q4 25 | $100.7M | $83.7M | ||
| Q3 25 | $105.2M | $82.2M | ||
| Q2 25 | $77.3M | $100.9M | ||
| Q1 25 | $47.0M | $74.0M | ||
| Q4 24 | $71.0M | $67.5M | ||
| Q3 24 | $-61.3M | $69.1M | ||
| Q2 24 | $41.7M | $82.0M |
| Q1 26 | — | 48.1% | ||
| 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 | — | 19.6% | ||
| Q4 25 | 40.4% | 18.2% | ||
| Q3 25 | 40.5% | 18.2% | ||
| Q2 25 | 33.2% | 21.0% | ||
| Q1 25 | 21.6% | 15.7% | ||
| Q4 24 | 40.7% | 16.5% | ||
| Q3 24 | -63.8% | 17.1% | ||
| Q2 24 | 21.9% | 18.7% |
| Q1 26 | 22.8% | 14.7% | ||
| Q4 25 | 30.7% | 13.4% | ||
| Q3 25 | 30.9% | 13.4% | ||
| Q2 25 | 25.2% | 15.7% | ||
| Q1 25 | 16.8% | 13.3% | ||
| Q4 24 | 30.9% | 12.5% | ||
| Q3 24 | -48.9% | 12.7% | ||
| Q2 24 | 15.6% | 13.7% |
| Q1 26 | $1.56 | $2.97 | ||
| Q4 25 | $2.11 | $2.50 | ||
| Q3 25 | $2.18 | $2.45 | ||
| Q2 25 | $1.58 | $3.01 | ||
| Q1 25 | $0.92 | $2.21 | ||
| Q4 24 | $1.43 | $2.02 | ||
| Q3 24 | $-1.41 | $2.06 | ||
| Q2 24 | $0.80 | $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 | — | $374.7M |
| Total DebtLower is stronger | $878.3M | $197.8M |
| Stockholders' EquityBook value | $3.6B | $2.1B |
| Total Assets | $33.5B | $2.9B |
| Debt / EquityLower = less leverage | 0.24× | 0.09× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $374.7M | ||
| 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 | $878.3M | $197.8M | ||
| Q4 25 | $620.6M | — | ||
| Q3 25 | $620.4M | — | ||
| Q2 25 | $620.3M | — | ||
| Q1 25 | $660.5M | — | ||
| Q4 24 | $660.3M | — | ||
| Q3 24 | $660.2M | — | ||
| Q2 24 | $660.0M | — |
| Q1 26 | $3.6B | $2.1B | ||
| Q4 25 | $3.6B | $2.0B | ||
| Q3 25 | $3.6B | $2.0B | ||
| Q2 25 | $3.5B | $1.9B | ||
| Q1 25 | $3.4B | $1.8B | ||
| Q4 24 | $3.4B | $1.7B | ||
| Q3 24 | $3.4B | $1.7B | ||
| Q2 24 | $3.2B | $1.6B |
| Q1 26 | $33.5B | $2.9B | ||
| Q4 25 | $31.5B | $2.9B | ||
| Q3 25 | $32.5B | $2.7B | ||
| Q2 25 | $31.9B | $2.6B | ||
| Q1 25 | $31.4B | $2.5B | ||
| Q4 24 | $30.7B | $2.4B | ||
| Q3 24 | $31.6B | $2.4B | ||
| Q2 24 | $29.9B | $2.4B |
| Q1 26 | 0.24× | 0.09× | ||
| Q4 25 | 0.17× | — | ||
| Q3 25 | 0.17× | — | ||
| Q2 25 | 0.18× | — | ||
| Q1 25 | 0.19× | — | ||
| Q4 24 | 0.20× | — | ||
| Q3 24 | 0.20× | — | ||
| Q2 24 | 0.21× | — |
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 | — | $17.9M |
| Free Cash FlowOCF − Capex | — | $6.6M |
| FCF MarginFCF / Revenue | — | 1.0% |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | 0.18× |
| TTM Free Cash FlowTrailing 4 quarters | — | $317.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $17.9M | ||
| Q4 25 | $360.2M | $154.7M | ||
| Q3 25 | $166.3M | $122.4M | ||
| Q2 25 | $63.0M | $69.7M | ||
| Q1 25 | $368.0K | $55.2M | ||
| Q4 24 | $480.1M | $139.5M | ||
| Q3 24 | $332.8M | $90.7M | ||
| Q2 24 | $33.3M | $85.3M |
| Q1 26 | — | $6.6M | ||
| Q4 25 | $347.6M | $140.3M | ||
| Q3 25 | $161.3M | $110.9M | ||
| Q2 25 | $57.5M | $59.5M | ||
| Q1 25 | $-2.0M | $45.6M | ||
| Q4 24 | $415.2M | $127.5M | ||
| Q3 24 | $317.6M | $84.3M | ||
| Q2 24 | $11.1M | $78.5M |
| Q1 26 | — | 1.0% | ||
| Q4 25 | 106.1% | 22.4% | ||
| Q3 25 | 47.4% | 18.1% | ||
| Q2 25 | 18.7% | 9.2% | ||
| Q1 25 | -0.7% | 8.2% | ||
| Q4 24 | 180.9% | 23.6% | ||
| Q3 24 | 253.4% | 15.5% | ||
| Q2 24 | 4.1% | 13.1% |
| Q1 26 | — | — | ||
| Q4 25 | 3.8% | 2.3% | ||
| Q3 25 | 1.5% | 1.9% | ||
| Q2 25 | 1.8% | 1.6% | ||
| Q1 25 | 0.9% | 1.7% | ||
| Q4 24 | 28.2% | 2.2% | ||
| Q3 24 | 12.1% | 1.2% | ||
| Q2 24 | 8.3% | 1.1% |
| Q1 26 | — | 0.18× | ||
| Q4 25 | 3.58× | 1.85× | ||
| Q3 25 | 1.58× | 1.49× | ||
| Q2 25 | 0.81× | 0.69× | ||
| Q1 25 | 0.01× | 0.75× | ||
| Q4 24 | 6.76× | 2.07× | ||
| Q3 24 | — | 1.31× | ||
| Q2 24 | 0.80× | 1.04× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
TCBI
Segment breakdown not available.
WTS
| segment net | $517.8M | 76% |
| Other | $159.5M | 24% |
