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Side-by-side financial comparison of WATTS WATER TECHNOLOGIES INC (WTS) and ZIONS BANCORPORATION, NATIONAL ASSOCIATION (ZION). Click either name above to swap in a different company.
ZIONS BANCORPORATION, NATIONAL ASSOCIATION is the larger business by last-quarter revenue ($891.0M vs $625.1M, roughly 1.4× WATTS WATER TECHNOLOGIES INC). ZIONS BANCORPORATION, NATIONAL ASSOCIATION runs the higher net margin — 29.5% vs 13.4%, a 16.1% gap on every dollar of revenue. On growth, WATTS WATER TECHNOLOGIES INC posted the faster year-over-year revenue change (15.7% vs 8.7%). ZIONS BANCORPORATION, NATIONAL ASSOCIATION produced more free cash flow last quarter ($952.0M vs $140.3M). Over the past eight quarters, ZIONS BANCORPORATION, NATIONAL ASSOCIATION's revenue compounded faster (9.6% CAGR vs 4.6%).
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...
Zions Bancorporation is an American national bank headquartered in Salt Lake City, Utah. It operates as a national bank rather than as a bank holding company and does business under the following seven brands: Zions Bank, Amegy Bank of Texas, California Bank and Trust, National Bank of Arizona, Nevada State Bank, Vectra Bank Colorado, and the Commerce Bank of Washington.
WTS vs ZION — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $625.1M | $891.0M |
| Net Profit | $83.7M | $263.0M |
| Gross Margin | 49.5% | — |
| Operating Margin | 18.2% | — |
| Net Margin | 13.4% | 29.5% |
| Revenue YoY | 15.7% | 8.7% |
| Net Profit YoY | 24.0% | 21.8% |
| EPS (diluted) | $2.50 | $1.77 |
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 | $625.1M | $891.0M | ||
| Q3 25 | $611.7M | $861.0M | ||
| Q2 25 | $643.7M | $838.0M | ||
| Q1 25 | $558.0M | $795.0M | ||
| Q4 24 | $540.4M | $820.0M | ||
| Q3 24 | $543.6M | $792.0M | ||
| Q2 24 | $597.3M | $777.0M | ||
| Q1 24 | $570.9M | $742.0M |
| Q4 25 | $83.7M | $263.0M | ||
| Q3 25 | $82.2M | $222.0M | ||
| Q2 25 | $100.9M | $244.0M | ||
| Q1 25 | $74.0M | $170.0M | ||
| Q4 24 | $67.5M | $216.0M | ||
| Q3 24 | $69.1M | $214.0M | ||
| Q2 24 | $82.0M | $201.0M | ||
| Q1 24 | $72.6M | $153.0M |
| 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 24 | 46.9% | — |
| Q4 25 | 18.2% | — | ||
| Q3 25 | 18.2% | — | ||
| Q2 25 | 21.0% | — | ||
| Q1 25 | 15.7% | — | ||
| Q4 24 | 16.5% | — | ||
| Q3 24 | 17.1% | — | ||
| Q2 24 | 18.7% | — | ||
| Q1 24 | 16.9% | — |
| Q4 25 | 13.4% | 29.5% | ||
| Q3 25 | 13.4% | 25.8% | ||
| Q2 25 | 15.7% | 29.1% | ||
| Q1 25 | 13.3% | 21.4% | ||
| Q4 24 | 12.5% | 26.3% | ||
| Q3 24 | 12.7% | 27.0% | ||
| Q2 24 | 13.7% | 25.9% | ||
| Q1 24 | 12.7% | 20.6% |
| Q4 25 | $2.50 | $1.77 | ||
| Q3 25 | $2.45 | $1.48 | ||
| Q2 25 | $3.01 | $1.63 | ||
| Q1 25 | $2.21 | $1.13 | ||
| Q4 24 | $2.02 | $1.34 | ||
| Q3 24 | $2.06 | $1.37 | ||
| Q2 24 | $2.44 | $1.28 | ||
| Q1 24 | $2.17 | $0.96 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $405.5M | — |
| Total DebtLower is stronger | — | $1.5B |
| Stockholders' EquityBook value | $2.0B | $7.2B |
| Total Assets | $2.9B | $89.0B |
| Debt / EquityLower = less leverage | — | 0.21× |
8-quarter trend — quarters aligned by calendar period.
| 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 24 | $237.1M | — |
| Q4 25 | — | $1.5B | ||
| Q3 25 | — | $1.5B | ||
| Q2 25 | — | $970.0M | ||
| Q1 25 | — | $964.0M | ||
| Q4 24 | — | $950.0M | ||
| Q3 24 | — | $548.0M | ||
| Q2 24 | — | $546.0M | ||
| Q1 24 | — | $544.0M |
| Q4 25 | $2.0B | $7.2B | ||
| Q3 25 | $2.0B | $6.9B | ||
| Q2 25 | $1.9B | $6.6B | ||
| Q1 25 | $1.8B | $6.3B | ||
| Q4 24 | $1.7B | $6.1B | ||
| Q3 24 | $1.7B | $6.4B | ||
| Q2 24 | $1.6B | $6.0B | ||
| Q1 24 | $1.6B | $5.8B |
| Q4 25 | $2.9B | $89.0B | ||
| Q3 25 | $2.7B | $88.5B | ||
| Q2 25 | $2.6B | $88.9B | ||
| Q1 25 | $2.5B | $88.0B | ||
| Q4 24 | $2.4B | $88.8B | ||
| Q3 24 | $2.4B | $87.0B | ||
| Q2 24 | $2.4B | $87.6B | ||
| Q1 24 | $2.3B | $87.1B |
| Q4 25 | — | 0.21× | ||
| Q3 25 | — | 0.21× | ||
| Q2 25 | — | 0.15× | ||
| Q1 25 | — | 0.15× | ||
| Q4 24 | — | 0.16× | ||
| Q3 24 | — | 0.09× | ||
| Q2 24 | — | 0.09× | ||
| Q1 24 | — | 0.09× |
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 | $1.1B |
| Free Cash FlowOCF − Capex | $140.3M | $952.0M |
| FCF MarginFCF / Revenue | 22.4% | 106.8% |
| Capex IntensityCapex / Revenue | 2.3% | 13.6% |
| Cash ConversionOCF / Net Profit | 1.85× | 4.08× |
| TTM Free Cash FlowTrailing 4 quarters | $356.3M | $1.4B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $154.7M | $1.1B | ||
| Q3 25 | $122.4M | $438.0M | ||
| Q2 25 | $69.7M | $-62.0M | ||
| Q1 25 | $55.2M | $179.0M | ||
| Q4 24 | $139.5M | $1.1B | ||
| Q3 24 | $90.7M | $119.0M | ||
| Q2 24 | $85.3M | $251.0M | ||
| Q1 24 | $45.6M | $261.0M |
| Q4 25 | $140.3M | $952.0M | ||
| Q3 25 | $110.9M | $413.0M | ||
| Q2 25 | $59.5M | $-93.0M | ||
| Q1 25 | $45.6M | $152.0M | ||
| Q4 24 | $127.5M | $1.1B | ||
| Q3 24 | $84.3M | $97.0M | ||
| Q2 24 | $78.5M | $234.0M | ||
| Q1 24 | $35.5M | $231.0M |
| Q4 25 | 22.4% | 106.8% | ||
| Q3 25 | 18.1% | 48.0% | ||
| Q2 25 | 9.2% | -11.1% | ||
| Q1 25 | 8.2% | 19.1% | ||
| Q4 24 | 23.6% | 128.2% | ||
| Q3 24 | 15.5% | 12.2% | ||
| Q2 24 | 13.1% | 30.1% | ||
| Q1 24 | 6.2% | 31.1% |
| Q4 25 | 2.3% | 13.6% | ||
| Q3 25 | 1.9% | 2.9% | ||
| Q2 25 | 1.6% | 3.7% | ||
| Q1 25 | 1.7% | 3.4% | ||
| Q4 24 | 2.2% | 11.8% | ||
| Q3 24 | 1.2% | 2.8% | ||
| Q2 24 | 1.1% | 2.2% | ||
| Q1 24 | 1.8% | 4.0% |
| Q4 25 | 1.85× | 4.08× | ||
| Q3 25 | 1.49× | 1.97× | ||
| Q2 25 | 0.69× | -0.25× | ||
| Q1 25 | 0.75× | 1.05× | ||
| Q4 24 | 2.07× | 5.31× | ||
| Q3 24 | 1.31× | 0.56× | ||
| Q2 24 | 1.04× | 1.25× | ||
| Q1 24 | 0.63× | 1.71× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
