Industrial - Distribution
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WSO vs SPIR
Revenue, margins, valuation, and 5-year total return — side by side.
Specialty Business Services
WSO vs SPIR — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Industrial - Distribution | Specialty Business Services |
| Market Cap | $17.10B | $541.04B |
| Revenue (TTM) | $7.24B | $72M |
| Net Income (TTM) | $496M | $-25.02B |
| Gross Margin | 28.4% | 40.8% |
| Operating Margin | 9.8% | -121.4% |
| Forward P/E | 33.4x | 10.2x |
| Total Debt | $479M | $8.76B |
| Cash & Equiv. | $433M | $24.81B |
WSO vs SPIR — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | Nov 20 | May 26 | Return |
|---|---|---|---|
| Watsco, Inc. (WSO) | 100 | 185.0 | +85.0% |
| Spire Global, Inc. (SPIR) | 100 | 20.9 | -79.1% |
Price return only. Dividends and distributions are not included.
Quick Verdict: WSO vs SPIR
Each card shows where this stock fits in a portfolio — not just who wins on paper.
WSO carries the broadest edge in this set and is the clearest fit for income & stability and growth exposure.
- Dividend streak 12 yrs, beta 1.10, yield 3.0%
- Rev growth -5.0%, EPS growth -7.9%, 3Y rev CAGR -0.2%
- 276.6% 10Y total return vs SPIR's -78.3%
SPIR is the clearest fit if your priority is value and momentum.
- Lower P/E (10.2x vs 33.4x)
- +77.8% vs WSO's -9.6%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | -5.0% revenue growth vs SPIR's -35.2% | |
| Value | Lower P/E (10.2x vs 33.4x) | |
| Quality / Margins | 6.8% margin vs SPIR's -349.6% | |
| Stability / Safety | Beta 1.10 vs SPIR's 2.93 | |
| Dividends | 3.0% yield; 12-year raise streak; the other pay no meaningful dividend | |
| Momentum (1Y) | +77.8% vs WSO's -9.6% | |
| Efficiency (ROA) | 10.8% ROA vs SPIR's -47.3%, ROIC 16.6% vs -0.1% |
WSO vs SPIR — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
WSO leads this category, winning 4 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
WSO is the larger business by revenue, generating $7.2B annually — 101.2x SPIR's $72M. WSO is the more profitable business, keeping 6.8% of every revenue dollar as net income compared to SPIR's -349.6%. On growth, WSO holds the edge at +0.1% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $7.2B | $72M |
| EBITDAEarnings before interest/tax | $757M | -$74M |
| Net IncomeAfter-tax profit | $496M | -$25.0B |
| Free Cash FlowCash after capex | $702M | -$16.2B |
| Gross MarginGross profit ÷ Revenue | +28.4% | +40.8% |
| Operating MarginEBIT ÷ Revenue | +9.8% | -121.4% |
| Net MarginNet income ÷ Revenue | +6.8% | -349.6% |
| FCF MarginFCF ÷ Revenue | +9.7% | -227.0% |
| Rev. Growth (YoY)Latest quarter vs prior year | +0.1% | -26.9% |
| EPS Growth (YoY)Latest quarter vs prior year | -3.1% | +59.5% |
Valuation Metrics
SPIR leads this category, winning 2 of 3 comparable metrics.
Valuation Metrics
At 10.2x trailing earnings, SPIR trades at a 70% valuation discount to WSO's 34.3x P/E.
| Metric | ||
|---|---|---|
| Market CapShares × price | $17.1B | $541.0B |
| Enterprise ValueMkt cap + debt − cash | $17.1B | $525.0B |
| Trailing P/EPrice ÷ TTM EPS | 34.34x | 10.22x |
| Forward P/EPrice ÷ next-FY EPS est. | 33.37x | — |
| PEG RatioP/E ÷ EPS growth rate | 2.91x | — |
| EV / EBITDAEnterprise value multiple | 23.29x | — |
| Price / SalesMarket cap ÷ Revenue | 2.36x | 7561.39x |
| Price / BookPrice ÷ Book value/share | 4.95x | 4.66x |
| Price / FCFMarket cap ÷ FCF | 31.94x | — |
Profitability & Efficiency
WSO leads this category, winning 5 of 7 comparable metrics.
Profitability & Efficiency
WSO delivers a 15.3% return on equity — every $100 of shareholder capital generates $15 in annual profit, vs $-88 for SPIR. SPIR carries lower financial leverage with a 0.08x debt-to-equity ratio, signaling a more conservative balance sheet compared to WSO's 0.15x.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | +15.3% | -88.4% |
| ROA (TTM)Return on assets | +10.8% | -47.3% |
| ROICReturn on invested capital | +16.6% | -0.1% |
| ROCEReturn on capital employed | +19.0% | -0.1% |
| Piotroski ScoreFundamental quality 0–9 | 5 | 5 |
| Debt / EquityFinancial leverage | 0.15x | 0.08x |
| Net DebtTotal debt minus cash | $46M | -$16.1B |
| Cash & Equiv.Liquid assets | $433M | $24.8B |
| Total DebtShort + long-term debt | $479M | $8.8B |
| Interest CoverageEBIT ÷ Interest expense | — | 9.20x |
Total Returns (Dividends Reinvested)
SPIR leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in WSO five years ago would be worth $15,861 today (with dividends reinvested), compared to $2,078 for SPIR. Over the past 12 months, SPIR leads with a +77.8% total return vs WSO's -9.6%. The 3-year compound annual growth rate (CAGR) favors SPIR at 49.0% vs WSO's 10.5% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | +22.9% | +110.8% |
| 1-Year ReturnPast 12 months | -9.6% | +77.8% |
| 3-Year ReturnCumulative with dividends | +34.9% | +231.1% |
| 5-Year ReturnCumulative with dividends | +58.6% | -79.2% |
| 10-Year ReturnCumulative with dividends | +276.6% | -78.3% |
| CAGR (3Y)Annualised 3-year return | +10.5% | +49.0% |
Risk & Volatility
WSO leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
WSO is the less volatile stock with a 1.10 beta — it tends to amplify market swings less than SPIR's 2.93 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. WSO currently trades 84.8% from its 52-week high vs SPIR's 69.8% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.10x | 2.93x |
| 52-Week HighHighest price in past year | $496.25 | $23.59 |
| 52-Week LowLowest price in past year | $323.05 | $6.60 |
| % of 52W HighCurrent price vs 52-week peak | +84.8% | +69.8% |
| RSI (14)Momentum oscillator 0–100 | 49.3 | 52.8 |
| Avg Volume (50D)Average daily shares traded | 452K | 1.5M |
Analyst Outlook
Insufficient data to determine a leader in this category.
Analyst Outlook
Wall Street rates WSO as "Hold" and SPIR as "Buy". Consensus price targets imply 4.8% upside for SPIR (target: $17) vs -5.0% for WSO (target: $400). WSO is the only dividend payer here at 2.97% yield — a key consideration for income-focused portfolios.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Buy |
| Price TargetConsensus 12-month target | $399.80 | $17.25 |
| # AnalystsCovering analysts | 26 | 12 |
| Dividend YieldAnnual dividend ÷ price | +3.0% | — |
| Dividend StreakConsecutive years of raises | 12 | — |
| Dividend / ShareAnnual DPS | $12.50 | — |
| Buyback YieldShare repurchases ÷ mkt cap | +0.0% | 0.0% |
WSO leads in 3 of 6 categories (Income & Cash Flow, Profitability & Efficiency). SPIR leads in 2 (Valuation Metrics, Total Returns).
WSO vs SPIR: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is WSO or SPIR a better buy right now?
For growth investors, Watsco, Inc.
(WSO) is the stronger pick with -5. 0% revenue growth year-over-year, versus -35. 2% for Spire Global, Inc. (SPIR). Spire Global, Inc. (SPIR) offers the better valuation at 10. 2x trailing P/E, making it the more compelling value choice. Analysts rate Spire Global, Inc. (SPIR) a "Buy" — based on 12 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — WSO or SPIR?
On trailing P/E, Spire Global, Inc.
(SPIR) is the cheapest at 10. 2x versus Watsco, Inc. at 34. 3x.
03Which is the better long-term investment — WSO or SPIR?
Over the past 5 years, Watsco, Inc.
(WSO) delivered a total return of +58. 6%, compared to -79. 2% for Spire Global, Inc. (SPIR). Over 10 years, the gap is even starker: WSO returned +276. 6% versus SPIR's -78. 3%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — WSO or SPIR?
By beta (market sensitivity over 5 years), Watsco, Inc.
(WSO) is the lower-risk stock at 1. 10β versus Spire Global, Inc. 's 2. 93β — meaning SPIR is approximately 165% more volatile than WSO relative to the S&P 500. On balance sheet safety, Spire Global, Inc. (SPIR) carries a lower debt/equity ratio of 8% versus 15% for Watsco, Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — WSO or SPIR?
By revenue growth (latest reported year), Watsco, Inc.
(WSO) is pulling ahead at -5. 0% versus -35. 2% for Spire Global, Inc. (SPIR). On earnings-per-share growth, the picture is similar: Spire Global, Inc. grew EPS 137. 8% year-over-year, compared to -7. 9% for Watsco, Inc.. Over a 3-year CAGR, SPIR leads at 0. 4% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — WSO or SPIR?
Spire Global, Inc.
(SPIR) is the more profitable company, earning 71. 7% net margin versus 6. 9% for Watsco, Inc. — meaning it keeps 71. 7% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: WSO leads at 9. 6% versus -121. 4% for SPIR. At the gross margin level — before operating expenses — SPIR leads at 40. 8%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is WSO or SPIR more undervalued right now?
Analyst consensus price targets imply the most upside for SPIR: 4.
8% to $17. 25.
08Which pays a better dividend — WSO or SPIR?
In this comparison, WSO (3.
0% yield) pays a dividend. SPIR does not pay a meaningful dividend and should not be held primarily for income.
09Is WSO or SPIR better for a retirement portfolio?
For long-horizon retirement investors, Watsco, Inc.
(WSO) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 1. 10), 3. 0% yield, +276. 6% 10Y return). Spire Global, Inc. (SPIR) carries a higher beta of 2. 93 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (WSO: +276. 6%, SPIR: -78. 3%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between WSO and SPIR?
Both stocks operate in the Industrials sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: WSO is a mid-cap quality compounder stock; SPIR is a large-cap deep-value stock. WSO pays a dividend while SPIR does not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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