vs
Side-by-side financial comparison of WATTS WATER TECHNOLOGIES INC (WTS) and Zscaler, Inc. (ZS). Click either name above to swap in a different company.
Zscaler, Inc. is the larger business by last-quarter revenue ($788.1M vs $625.1M, roughly 1.3× WATTS WATER TECHNOLOGIES INC). WATTS WATER TECHNOLOGIES INC runs the higher net margin — 13.4% vs -1.5%, a 14.9% gap on every dollar of revenue. On growth, Zscaler, Inc. posted the faster year-over-year revenue change (25.5% vs 15.7%). Zscaler, Inc. produced more free cash flow last quarter ($431.0M vs $140.3M). Over the past eight quarters, Zscaler, Inc.'s revenue compounded faster (22.5% 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...
Zscaler, Inc. is an American cloud security company based in San Jose, California. The company offers cloud-based services to protect enterprise networks and data.
WTS vs ZS — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $625.1M | $788.1M |
| Net Profit | $83.7M | $-11.6M |
| Gross Margin | 49.5% | 76.6% |
| Operating Margin | 18.2% | -4.6% |
| Net Margin | 13.4% | -1.5% |
| Revenue YoY | 15.7% | 25.5% |
| Net Profit YoY | 24.0% | 3.6% |
| EPS (diluted) | $2.50 | $-0.07 |
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 | $788.1M | ||
| Q3 25 | $611.7M | $719.2M | ||
| Q2 25 | $643.7M | $678.0M | ||
| Q1 25 | $558.0M | $647.9M | ||
| Q4 24 | $540.4M | $628.0M | ||
| Q3 24 | $543.6M | $592.9M | ||
| Q2 24 | $597.3M | $553.2M | ||
| Q1 24 | $570.9M | $525.0M |
| Q4 25 | $83.7M | $-11.6M | ||
| Q3 25 | $82.2M | $-17.6M | ||
| Q2 25 | $100.9M | $-4.1M | ||
| Q1 25 | $74.0M | $-7.7M | ||
| Q4 24 | $67.5M | $-12.1M | ||
| Q3 24 | $69.1M | $-14.9M | ||
| Q2 24 | $82.0M | $19.1M | ||
| Q1 24 | $72.6M | $-28.5M |
| Q4 25 | 49.5% | 76.6% | ||
| Q3 25 | 48.8% | 76.1% | ||
| Q2 25 | 50.6% | 77.0% | ||
| Q1 25 | 48.8% | 77.1% | ||
| Q4 24 | 46.7% | 77.5% | ||
| Q3 24 | 47.3% | 78.0% | ||
| Q2 24 | 47.7% | 78.6% | ||
| Q1 24 | 46.9% | 77.7% |
| Q4 25 | 18.2% | -4.6% | ||
| Q3 25 | 18.2% | -4.5% | ||
| Q2 25 | 21.0% | -3.7% | ||
| Q1 25 | 15.7% | -6.2% | ||
| Q4 24 | 16.5% | -4.9% | ||
| Q3 24 | 17.1% | -4.5% | ||
| Q2 24 | 18.7% | -0.5% | ||
| Q1 24 | 16.9% | -8.7% |
| Q4 25 | 13.4% | -1.5% | ||
| Q3 25 | 13.4% | -2.4% | ||
| Q2 25 | 15.7% | -0.6% | ||
| Q1 25 | 13.3% | -1.2% | ||
| Q4 24 | 12.5% | -1.9% | ||
| Q3 24 | 12.7% | -2.5% | ||
| Q2 24 | 13.7% | 3.5% | ||
| Q1 24 | 12.7% | -5.4% |
| Q4 25 | $2.50 | $-0.07 | ||
| Q3 25 | $2.45 | $-0.11 | ||
| Q2 25 | $3.01 | $-0.03 | ||
| Q1 25 | $2.21 | $-0.05 | ||
| Q4 24 | $2.02 | $-0.08 | ||
| Q3 24 | $2.06 | $-0.09 | ||
| Q2 24 | $2.44 | $0.12 | ||
| Q1 24 | $2.17 | $-0.19 |
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 | $1.3B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.0B | $2.0B |
| Total Assets | $2.9B | $6.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $405.5M | $1.3B | ||
| Q3 25 | $457.7M | $2.4B | ||
| Q2 25 | $369.3M | $2.0B | ||
| Q1 25 | $336.8M | $1.8B | ||
| Q4 24 | $386.9M | $1.6B | ||
| Q3 24 | $303.9M | $1.4B | ||
| Q2 24 | $279.4M | $1.3B | ||
| Q1 24 | $237.1M | $1.4B |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $1.1B | ||
| Q1 25 | — | $1.1B | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | — | $1.1B | ||
| Q1 24 | — | $1.1B |
| Q4 25 | $2.0B | $2.0B | ||
| Q3 25 | $2.0B | $1.8B | ||
| Q2 25 | $1.9B | $1.8B | ||
| Q1 25 | $1.8B | $1.6B | ||
| Q4 24 | $1.7B | $1.4B | ||
| Q3 24 | $1.7B | $1.3B | ||
| Q2 24 | $1.6B | $1.1B | ||
| Q1 24 | $1.6B | $958.9M |
| Q4 25 | $2.9B | $6.5B | ||
| Q3 25 | $2.7B | $6.4B | ||
| Q2 25 | $2.6B | $5.3B | ||
| Q1 25 | $2.5B | $5.0B | ||
| Q4 24 | $2.4B | $4.7B | ||
| Q3 24 | $2.4B | $4.7B | ||
| Q2 24 | $2.4B | $4.2B | ||
| Q1 24 | $2.3B | $3.9B |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 0.64× | ||
| Q1 25 | — | 0.71× | ||
| Q4 24 | — | 0.80× | ||
| Q3 24 | — | 0.90× | ||
| Q2 24 | — | 1.04× | ||
| Q1 24 | — | 1.19× |
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 | $448.3M |
| Free Cash FlowOCF − Capex | $140.3M | $431.0M |
| FCF MarginFCF / Revenue | 22.4% | 54.7% |
| Capex IntensityCapex / Revenue | 2.3% | 2.2% |
| Cash ConversionOCF / Net Profit | 1.85× | — |
| TTM Free Cash FlowTrailing 4 quarters | $356.3M | $924.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $154.7M | $448.3M | ||
| Q3 25 | $122.4M | $250.6M | ||
| Q2 25 | $69.7M | $211.1M | ||
| Q1 25 | $55.2M | $179.4M | ||
| Q4 24 | $139.5M | $331.3M | ||
| Q3 24 | $90.7M | $203.6M | ||
| Q2 24 | $85.3M | $173.4M | ||
| Q1 24 | $45.6M | $142.1M |
| Q4 25 | $140.3M | $431.0M | ||
| Q3 25 | $110.9M | $190.6M | ||
| Q2 25 | $59.5M | $138.9M | ||
| Q1 25 | $45.6M | $164.4M | ||
| Q4 24 | $127.5M | $314.3M | ||
| Q3 24 | $84.3M | $154.2M | ||
| Q2 24 | $78.5M | $137.8M | ||
| Q1 24 | $35.5M | $111.2M |
| Q4 25 | 22.4% | 54.7% | ||
| Q3 25 | 18.1% | 26.5% | ||
| Q2 25 | 9.2% | 20.5% | ||
| Q1 25 | 8.2% | 25.4% | ||
| Q4 24 | 23.6% | 50.1% | ||
| Q3 24 | 15.5% | 26.0% | ||
| Q2 24 | 13.1% | 24.9% | ||
| Q1 24 | 6.2% | 21.2% |
| Q4 25 | 2.3% | 2.2% | ||
| Q3 25 | 1.9% | 8.3% | ||
| Q2 25 | 1.6% | 10.6% | ||
| Q1 25 | 1.7% | 2.3% | ||
| Q4 24 | 2.2% | 2.7% | ||
| Q3 24 | 1.2% | 8.3% | ||
| Q2 24 | 1.1% | 6.4% | ||
| Q1 24 | 1.8% | 5.9% |
| Q4 25 | 1.85× | — | ||
| Q3 25 | 1.49× | — | ||
| Q2 25 | 0.69× | — | ||
| Q1 25 | 0.75× | — | ||
| Q4 24 | 2.07× | — | ||
| Q3 24 | 1.31× | — | ||
| Q2 24 | 1.04× | 9.07× | ||
| Q1 24 | 0.63× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
