Filing Flows › Comparisons › PH vs WTS
Parker-Hannifin vs Watts Water Technologies: PH and WTS compared
Parker-Hannifin is the larger company: $6.0B of revenue in its latest quarter (Q1 FY27) against $728M for Watts Water Technologies (Q3 2026). Watts Water Technologies is growing faster (+19% against +18% a year earlier). Watts Water Technologies is more profitable, with an operating margin of 26.2% against 23.5%.
Where the money goes: PH and WTS
Parker-Hannifin (PH) · Q1 FY27
Parker-Hannifin, Q1 FY27: revenue $6.0B (+18% year over year), operating margin 23.5%, net earnings $884M, operating cash flow $752M. The chart follows the revenue to costs, profit and cash.
Watts Water Technologies (WTS) · Q3 2026
Watts Water Technologies, Q3 2026: revenue $728M (+19% year over year), operating margin 26.2%, net earnings $145M, operating cash flow $158M. The chart follows the revenue to costs, profit and cash.
| Parker-Hannifin (PH) | Watts Water Technologies (WTS) | |
|---|---|---|
| Latest quarter | Q1 FY27 | Q3 2026 |
| Revenue | $6.0B | $728M |
| Revenue growth, Y/Y | +18% | +19% |
| Gross margin | — | 55.1% |
| Operating margin | 23.5% | 26.2% |
| Net earnings | $884M | $145M |
| Net margin | 14.8% | 20.0% |
| Operating cash flow | $752M | $158M |
| Free cash flow | $643M | $132M |
| Market value | $114.0B | $11.6B |
| P/E | 30.6× | 25.9× |
| Analysts’ mean target | $1140.41 | $403.71 |
Where the revenue comes from
Watts Water Technologies
- Flow control and Protection: $441M (61%)
- HVAC and Gas Products: $180M (25%)
- Drainage and Water Re-use Products: $74.7M (10%)
- Water quality: $32.3M (4%)
Questions
Which is bigger, Parker-Hannifin or Watts Water Technologies?
Parker-Hannifin is the larger company: $6.0B of revenue in its latest quarter (Q1 FY27) against $728M for Watts Water Technologies (Q3 2026).
Is Parker-Hannifin or Watts Water Technologies growing faster?
Watts Water Technologies is growing faster (+19% against +18% a year earlier).
Which is more profitable, Parker-Hannifin or Watts Water Technologies?
Watts Water Technologies is more profitable, with an operating margin of 26.2% against 23.5%.
More: Parker-Hannifin earnings · how Parker-Hannifin makes money · Watts Water Technologies earnings · how Watts Water Technologies makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.