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Side-by-side financial comparison of TOWER SEMICONDUCTOR LTD (TSEM) and Zurn Elkay Water Solutions Corp (ZWS). Click either name above to swap in a different company.

Zurn Elkay Water Solutions Corp is the larger business by last-quarter revenue ($407.2M vs $351.2M, roughly 1.2× TOWER SEMICONDUCTOR LTD). TOWER SEMICONDUCTOR LTD runs the higher net margin — 15.2% vs 10.3%, a 4.9% gap on every dollar of revenue. On growth, Zurn Elkay Water Solutions Corp posted the faster year-over-year revenue change (9.8% vs -1.7%).

Tower Semiconductor Ltd. is an Israeli company that manufactures integrated circuits using specialty process technologies, including SiGe, BiCMOS, Silicon Photonics, SOI, mixed-signal and RFCMOS, CMOS image sensors, non-imaging sensors, power management (BCD), and non-volatile memory (NVM) as well as MEMS capabilities. Tower Semiconductor also owns 51% of TPSCo, an enterprise with Nuvoton Technology Corporation Japan (NTCJ).

Zurn Elkay Water Solutions Corp designs, manufactures, and distributes a wide range of water management and dispensing products, including commercial plumbing fixtures, drinking fountains, water filtration systems, and flow control components. It serves commercial, residential, industrial, and public infrastructure markets primarily across North America, with a focus on delivering sustainable, water-efficient solutions for diverse end-user needs.

TSEM vs ZWS — Head-to-Head

Bigger by revenue
ZWS
ZWS
1.2× larger
ZWS
$407.2M
$351.2M
TSEM
Growing faster (revenue YoY)
ZWS
ZWS
+11.5% gap
ZWS
9.8%
-1.7%
TSEM
Higher net margin
TSEM
TSEM
4.9% more per $
TSEM
15.2%
10.3%
ZWS

Income Statement — Q2 FY2024 vs Q4 FY2025

Metric
TSEM
TSEM
ZWS
ZWS
Revenue
$351.2M
$407.2M
Net Profit
$53.4M
$42.1M
Gross Margin
24.8%
44.4%
Operating Margin
15.7%
14.8%
Net Margin
15.2%
10.3%
Revenue YoY
-1.7%
9.8%
Net Profit YoY
4.4%
15.7%
EPS (diluted)
$0.48
$0.24

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
TSEM
TSEM
ZWS
ZWS
Q4 25
$407.2M
Q3 25
$455.4M
Q2 25
$444.5M
Q1 25
$388.8M
Q4 24
$370.7M
Q3 24
$410.0M
Q2 24
$351.2M
$412.0M
Q1 24
$373.8M
Net Profit
TSEM
TSEM
ZWS
ZWS
Q4 25
$42.1M
Q3 25
$61.8M
Q2 25
$50.5M
Q1 25
$43.6M
Q4 24
$36.4M
Q3 24
$43.5M
Q2 24
$53.4M
$46.0M
Q1 24
$34.3M
Gross Margin
TSEM
TSEM
ZWS
ZWS
Q4 25
44.4%
Q3 25
44.1%
Q2 25
45.5%
Q1 25
46.6%
Q4 24
43.5%
Q3 24
46.2%
Q2 24
24.8%
45.2%
Q1 24
45.5%
Operating Margin
TSEM
TSEM
ZWS
ZWS
Q4 25
14.8%
Q3 25
17.0%
Q2 25
17.5%
Q1 25
16.3%
Q4 24
13.3%
Q3 24
17.1%
Q2 24
15.7%
17.5%
Q1 24
14.2%
Net Margin
TSEM
TSEM
ZWS
ZWS
Q4 25
10.3%
Q3 25
13.6%
Q2 25
11.4%
Q1 25
11.2%
Q4 24
9.8%
Q3 24
10.6%
Q2 24
15.2%
11.2%
Q1 24
9.2%
EPS (diluted)
TSEM
TSEM
ZWS
ZWS
Q4 25
$0.24
Q3 25
$0.36
Q2 25
$0.29
Q1 25
$0.26
Q4 24
$0.21
Q3 24
$0.25
Q2 24
$0.48
$0.27
Q1 24
$0.19

Balance Sheet & Financial Strength

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

Metric
TSEM
TSEM
ZWS
ZWS
Cash + ST InvestmentsLiquidity on hand
$265.3M
$300.5M
Total DebtLower is stronger
$496.5M
Stockholders' EquityBook value
$2.5B
$1.6B
Total Assets
$3.0B
$2.7B
Debt / EquityLower = less leverage
0.31×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
TSEM
TSEM
ZWS
ZWS
Q4 25
$300.5M
Q3 25
$260.1M
Q2 25
$201.9M
Q1 25
$144.7M
Q4 24
$198.0M
Q3 24
$187.9M
Q2 24
$265.3M
$162.7M
Q1 24
$157.1M
Total Debt
TSEM
TSEM
ZWS
ZWS
Q4 25
$496.5M
Q3 25
$496.4M
Q2 25
$495.9M
Q1 25
$495.8M
Q4 24
$495.6M
Q3 24
$495.6M
Q2 24
$495.5M
Q1 24
$495.4M
Stockholders' Equity
TSEM
TSEM
ZWS
ZWS
Q4 25
$1.6B
Q3 25
$1.6B
Q2 25
$1.6B
Q1 25
$1.5B
Q4 24
$1.6B
Q3 24
$1.6B
Q2 24
$2.5B
$1.6B
Q1 24
$1.6B
Total Assets
TSEM
TSEM
ZWS
ZWS
Q4 25
$2.7B
Q3 25
$2.7B
Q2 25
$2.7B
Q1 25
$2.6B
Q4 24
$2.6B
Q3 24
$2.7B
Q2 24
$3.0B
$2.7B
Q1 24
$2.7B
Debt / Equity
TSEM
TSEM
ZWS
ZWS
Q4 25
0.31×
Q3 25
0.31×
Q2 25
0.32×
Q1 25
0.32×
Q4 24
0.31×
Q3 24
0.31×
Q2 24
0.31×
Q1 24
0.31×

Cash Flow & Capital Efficiency

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

Metric
TSEM
TSEM
ZWS
ZWS
Operating Cash FlowLast quarter
$91.7M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
2.18×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
TSEM
TSEM
ZWS
ZWS
Q4 25
$91.7M
Q3 25
$101.3M
Q2 25
$110.6M
Q1 25
$42.9M
Q4 24
$63.6M
Q3 24
$90.9M
Q2 24
$85.1M
Q1 24
$53.9M
Cash Conversion
TSEM
TSEM
ZWS
ZWS
Q4 25
2.18×
Q3 25
1.64×
Q2 25
2.19×
Q1 25
0.98×
Q4 24
1.75×
Q3 24
2.09×
Q2 24
1.85×
Q1 24
1.57×

Financial Flow Comparison

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

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