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Apr 29, 2026·SEC
Material company update
Apr 28, 2026·SEC
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Feb 17, 2026·SEC
Watsco, Inc.(WSO)Earnings, Financials & Key Ratios
WSO•NYSE
32.7× P/E·Price updated Jun 19, 2026
SectorIndustrialsIndustryIndustrial DistributionSub-IndustryConstruction and Building Products Distribution
AboutWatsco, Inc., together with its subsidiaries, distributes air conditioning, heating, refrigeration equipment, and related parts and supplies. The company distributes equipment comprising residential ducted and ductless air conditioners, such as gas, electric, and oil furnaces; commercial air conditioning and heating equipment systems; and other specialized equipment. It also offers parts, including replacement compressors, evaporator coils, motors, and other component parts; and supplies, such as thermostats, insulation materials, refrigerants, ductworks, grills, registers, sheet metals, tools, copper tubing, concrete pads, tapes, adhesives, and other ancillary supplies, as well as plumbing and bathroom remodeling supplies. The company serves contractors and dealers that service the replacement and new construction markets for residential and light commercial central air conditioning, heating, and refrigeration systems. As of December 31, 2021, it operated from 671 locations in the United States, Canada, Mexico, and Puerto Rico, as well as exports its products to Latin America and the Caribbean Basin. Watsco, Inc. was founded in 1945 and is headquartered in Miami, Florida.Show more
- Revenue$7.24B-5.0%
- EBITDA$736M-10.5%
- Net Income$497M-7.3%
- EPS (Diluted)12.25-7.9%
- Gross Margin28.05%+4.5%
- EBITDA Margin10.17%-5.8%
- Operating Margin9.57%-6.8%
- Net Margin6.87%-2.5%
- ROE15.81%-16.3%
WSO Key Insights
Watsco, Inc. (WSO) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓12 consecutive years of dividend growth
- ✓Good 3Y average ROE of 18.9%
- ✓Healthy dividend yield of 3.1%
- ✓Efficient asset utilization: 1.6x turnover
✗Weaknesses
No significant weaknesses identified
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
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WSO Price & Volume
Watsco, Inc. (WSO) stock price & volume — 10-year historical chart
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WSO Growth Metrics
Watsco, Inc. (WSO) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years5.82%
5 Years7.45%
3 Years-0.16%
TTM-4.52%
Profit CAGR
10 Years11.13%
5 Years13.01%
3 Years-6.15%
TTM-6.3%
EPS CAGR
10 Years10.51%
5 Years11.81%
3 Years-7.36%
TTM-7.52%
Return on Capital
10 Years23.85%
5 Years26.75%
3 Years23.74%
Last Year19.01%
WSO Recent Earnings
Watsco, Inc. (WSO) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 3/12 qtrs (25%)●Beat Revenue 3/12 qtrs (25%)
Q2 2026Latest
Apr 28, 2026Metric
Actual
Est
EPS
$1.87+8.1%
$1.73
Rev
$1.5B+3.1%
$1.5B
Q1 2026
Feb 17, 2026Metric
Actual
Est
EPS
$1.68-10.6%
$1.88
Rev
$1.6B-2.4%
$1.6B
Q4 2025
Oct 29, 2025Metric
Actual
Est
EPS
$3.98-10.4%
$4.44
Rev
$2.1B-4.5%
$2.2B
Q3 2025
Jul 30, 2025Metric
Actual
Est
EPS
$4.52-5.4%
$4.78
Rev
$2.1B-7.3%
$2.2B
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 28, 2026 | $1.87vs $1.73+8.1% | $1.5Bvs $1.5B+3.1% |
| Q1 2026 | Feb 17, 2026 | $1.68vs $1.88-10.6% | $1.6Bvs $1.6B-2.4% |
| Q4 2025 | Oct 29, 2025 | $3.98vs $4.44-10.4% | $2.1Bvs $2.2B-4.5% |
| Q3 2025 | Jul 30, 2025 | $4.52vs $4.78-5.4% | $2.1Bvs $2.2B-7.3% |
Based on last 12 quarters of dataView full earnings history →
WSO Peer Comparison
Watsco, Inc. (WSO) competitors in Construction and Building Products Distribution — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 GWW | 64.47B | 1365.41 | 38.57 | 4.51% | 9.7% | 43.13% | 0.76 | |
 MSM | 6.61B | 118.51 | 33.20 | -1.35% | 5.37% | 14.79% | 0.39 | |
 FAST | 52.68B | 45.89 | 42.10 | 8.67% | 15.35% | 31.91% | 0.11 | |
 IBP | 5.88B | 218.25 | 22.48 | 1% | 8.65% | 37.46% | 1.48 | |
 BLDR | 8.91B | 80.59 | 20.72 | -7.38% | 1.97% | 6.92% | 1.30 | |
 POOL | 7.3B | 198.99 | 18.34 | -0.41% | 7.58% | 32.17% | 0.29 | |
 CARR | 59.99B | 71.81 | 42.24 | -3.29% | 6.03% | 9.13% | 0.90 | |
 TT | 106.99B | 483.40 | 37.24 | 7.48% | 13.42% | 34.69% | 0.54 |
Compare WSO vs Peers
Watsco, Inc. (WSO) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
WSO Income Statement
Watsco, Inc. (WSO) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Sales/Revenue | 4.34B | 4.55B | 4.77B | 5.05B | 6.28B | 7.27B | 7.28B | 7.62B | 7.24B | 7.24B |
Revenue Growth % | 2.87% | 4.71% | 4.92% | 5.97% | 24.24% | 15.83% | 0.13% | 4.59% | -4.98% | -4.52% |
Cost of Goods Sold | 3.28B | 3.43B | 3.61B | 3.83B | 4.61B | 5.24B | 5.29B | 5.57B | 5.21B | 5.19B |
COGS % of Revenue | 75.46% | 75.36% | 75.75% | 75.81% | 73.45% | 72.09% | 72.65% | 73.16% | 71.95% | - |
Gross Profit | 1.07B▲ 0% | 1.12B▲ 5.1% | 1.16B▲ 3.3% | 1.22B▲ 5.7% | 1.67B▲ 36.4% | 2.03B▲ 21.8% | 1.99B▼ 1.9% | 2.04B▲ 2.6% | 2.03B▼ 0.7% | 2.05B▲ 0% |
Gross Margin % | 24.54% | 24.64% | 24.25% | 24.19% | 26.55% | 27.91% | 27.35% | 26.84% | 28.05% | 28.37% |
Gross Profit Growth % | 3% | 5.12% | 3.28% | 5.69% | 36.37% | 21.75% | -1.88% | 2.64% | -0.7% | - |
Operating Expenses | 711.78M | 748.17M | 790.07M | 821.79M | 1.04B | 1.2B | 1.2B | 1.26B | 1.34B | 1.34B |
OpEx % of Revenue | 16.39% | 16.46% | 16.56% | 16.26% | 16.54% | 16.48% | 16.44% | 16.58% | 18.48% | - |
Selling, General & Admin | 715.67M | 757.45M | 800.33M | 833.05M | 1.06B | 1.22B | 1.22B | 1.26B | 1.34B | 1.34B |
SG&A % of Revenue | 16.48% | 16.66% | 16.78% | 16.48% | 16.85% | 16.79% | 16.8% | 16.48% | 18.48% | - |
Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
R&D % of Revenue | - | - | - | - | - | - | - | - | - | - |
Other Operating Expenses | -3.89M | -9.28M | -10.26M | -11.26M | -19.3M | -22.67M | -26.18M | 7.09M | 0 | -1000K |
Operating Income | 353.87M▲ 0% | 372.08M▲ 5.1% | 366.88M▼ 1.4% | 401.03M▲ 9.3% | 628.53M▲ 56.7% | 831.58M▲ 32.3% | 794.81M▼ 4.4% | 781.77M▼ 1.6% | 692.58M▼ 11.4% | 712.61M▲ 0% |
Operating Margin % | 8.15% | 8.18% | 7.69% | 7.93% | 10.01% | 11.43% | 10.91% | 10.26% | 9.57% | 9.84% |
Operating Income Growth % | 2.38% | 5.15% | -1.4% | 9.31% | 56.73% | 32.31% | -4.42% | -1.64% | -11.41% | - |
EBITDA | 375.91M | 394.18M | 391.4M | 426.94M | 656.65M | 863.26M | 829.9M | 822.6M | 736.33M | 756.6M |
EBITDA Margin % | 8.66% | 8.67% | 8.2% | 8.45% | 10.46% | 11.87% | 11.39% | 10.8% | 10.17% | 10.45% |
EBITDA Growth % | 2.79% | 4.86% | -0.71% | 9.08% | 53.8% | 31.46% | -3.86% | -0.88% | -10.49% | -6.49% |
D&A (Non-Cash Add-back) | 22.03M | 22.09M | 24.51M | 25.91M | 28.13M | 31.68M | 35.09M | 40.82M | 43.75M | 43.99M |
EBIT | 353.87M | 372.08M | 366.88M | 401.03M | 628.53M | 808.91M | 768.63M | 751.27M | 737.68M | 734.38M |
Net Interest Income | -6.36M | -2.74M | -4.03M | -1.24M | -996K | -2.17M | -4.92M | 20.87M | 17.33M | 18.37M |
Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 17.33M | 18.37M |
Interest Expense | 6.36M | 2.74M | 4.03M | 1.24M | 996K | 2.17M | 4.92M | -20.87M | 0 | 0 |
Other Income/Expense | -6.36M | -2.74M | -4.03M | -1.24M | -996K | -2.17M | -4.92M | 20.87M | 45.09M | 24.11M |
Pretax Income | 347.51M▲ 0% | 369.34M▲ 6.3% | 362.85M▼ 1.8% | 399.8M▲ 10.2% | 627.53M▲ 57.0% | 829.41M▲ 32.2% | 789.89M▼ 4.8% | 802.64M▲ 1.6% | 737.68M▼ 8.1% | 736.71M▲ 0% |
Pretax Margin % | 8% | 8.12% | 7.61% | 7.91% | 9.99% | 11.4% | 10.84% | 10.54% | 10.19% | 10.17% |
Income Tax | 90.22M | 72.81M | 67.08M | 76.62M | 128.8M | 125.72M | 155.75M | 166.9M | 150.09M | 150.72M |
Effective Tax Rate % | 25.96% | 19.71% | 18.49% | 19.17% | 20.52% | 15.16% | 19.72% | 20.79% | 20.35% | 20.46% |
Net Income | 208.22M▲ 0% | 242.93M▲ 16.7% | 245.95M▲ 1.2% | 269.58M▲ 9.6% | 418.94M▲ 55.4% | 601.17M▲ 43.5% | 536.34M▼ 10.8% | 536.29M▼ 0.0% | 496.99M▼ 7.3% | 496.01M▲ 0% |
Net Margin % | 4.8% | 5.34% | 5.16% | 5.33% | 6.67% | 8.26% | 7.36% | 7.04% | 6.87% | 6.85% |
Net Income Growth % | 13.9% | 16.67% | 1.24% | 9.61% | 55.41% | 43.5% | -10.78% | -0.01% | -7.33% | -6.3% |
Net Income (Continuing) | 257.29M | 296.53M | 295.77M | 323.17M | 498.74M | 703.7M | 634.14M | 635.74M | 587.59M | 585.99M |
Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Minority Interest | 253.02M | 253.86M | 279.34M | 293.08M | 332.47M | 359.04M | 386.35M | 407.25M | 440.69M | 452.81M |
EPS (Diluted) | 5.12▲ 0% | 6.48▲ 26.6% | 6.50▲ 0.3% | 7.01▲ 7.8% | 10.78▲ 53.8% | 15.41▲ 42.9% | 13.67▼ 11.3% | 13.30▼ 2.7% | 12.25▼ 7.9% | 13.07▲ 0% |
EPS Growth % | 8.25% | 26.56% | 0.31% | 7.85% | 53.78% | 42.95% | -11.29% | -2.71% | -7.89% | -7.52% |
EPS (Basic) | 5.12 | 6.48 | 6.51 | 7.03 | 10.83 | 15.46 | 13.67 | 13.34 | 12.25 | - |
Diluted Shares Outstanding | 37.23M | 37.46M | 34.68M | 35.15M | 35.42M | 35.68M | 36.53M | 37.51M | 37.9M | 37.96M |
Basic Shares Outstanding | 37.23M | 37.46M | 34.64M | 35.07M | 35.24M | 35.56M | 36.53M | 37.51M | 37.9M | 37.96M |
Dividend Payout Ratio | 78.83% | 86.12% | 98.15% | 98.57% | 70.3% | 55.3% | 71.34% | 78.97% | 95.33% | - |
WSO Balance Sheet
Watsco, Inc. (WSO) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Total Current Assets | 1.34B | 1.44B | 1.55B | 1.48B | 1.96B | 2.3B | 2.39B | 3.08B | 2.95B | 3.18B |
Cash & Short-Term Investments | 80.5M | 82.89M | 74.45M | 146.07M | 118.27M | 147.5M | 210.11M | 781.94M | 733.28M | 592.68M |
Cash Only | 80.5M | 82.89M | 74.45M | 146.07M | 118.27M | 147.5M | 210.11M | 526.27M | 433.28M | 392.68M |
Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 255.67M | 300M | 200M |
Accounts Receivable | 478.13M | 501.91M | 533.81M | 535.29M | 698.46M | 747.11M | 797.83M | 877.93M | 796.18M | 839.24M |
Days Sales Outstanding | 40.19 | 40.29 | 40.84 | 38.65 | 40.59 | 37.49 | 39.98 | 42.06 | 40.14 | 45.28 |
Inventory | 761.31M | 837.13M | 920.79M | 781.3M | 1.12B | 1.37B | 1.35B | 1.39B | 1.39B | 1.72B |
Days Inventory Outstanding | 84.82 | 89.18 | 93.01 | 74.42 | 88.27 | 95.37 | 92.93 | 90.73 | 97.14 | 117.1 |
Other Current Assets | 17.45M | 19.88M | 17.68M | 21.79M | 29.21M | 33.95M | 36.7M | 34.67M | 38.73M | 34.07M |
Total Non-Current Assets | 709.48M | 719.23M | 1.01B | 999.9M | 1.12B | 1.19B | 1.34B | 1.45B | 1.5B | 1.47B |
Property, Plant & Equipment | 91.2M | 91.05M | 321.89M | 307.39M | 379.55M | 442.74M | 504.98M | 559.67M | 588.56M | 594.03M |
Fixed Asset Turnover | 47.61x | 49.94x | 14.82x | 16.44x | 16.55x | 16.43x | 14.42x | 13.61x | 12.30x | 12.53x |
Goodwill | 382.73M | 392M | 411.22M | 412.49M | 434.02M | 430.71M | 457.15M | 451.86M | 462.51M | 0 |
Intangible Assets | 161.06M | 147.85M | 172M | 169.93M | 186.9M | 175.19M | 218.15M | 208.47M | 210.43M | 0 |
Long-Term Investments | 0 | 80.16M | 94.83M | 97.85M | 114.81M | 132.8M | 146.24M | 171.19M | 190.2M | 555.43M |
Other Non-Current Assets | 74.49M | 8.18M | 9.48M | 12.25M | 9.19M | 8.03M | 10.74M | 8.35M | 8.6M | 874.29M |
Total Assets | 2.05B▲ 0% | 2.16B▲ 5.6% | 2.56B▲ 18.3% | 2.48B▼ 2.8% | 3.09B▲ 24.2% | 3.49B▲ 13.0% | 3.73B▲ 6.9% | 4.53B▲ 21.5% | 4.46B▼ 1.7% | 4.65B▲ 0% |
Asset Turnover | 2.12x | 2.10x | 1.87x | 2.03x | 2.04x | 2.09x | 1.95x | 1.68x | 1.62x | 1.58x |
Asset Growth % | 9.19% | 5.58% | 18.28% | -2.81% | 24.21% | 13.04% | 6.91% | 21.54% | -1.69% | 11.12% |
Total Current Liabilities | 416.48M | 357.57M | 461.72M | 487.14M | 726.72M | 906.52M | 712.01M | 983.9M | 717.74M | 951.87M |
Accounts Payable | 230.48M | 200.23M | 239.67M | 251.55M | 364.19M | 456.13M | 369.4M | 490.88M | 600.59M | 834.16M |
Days Payables Outstanding | 25.68 | 21.33 | 24.21 | 23.96 | 28.82 | 31.75 | 25.48 | 32.15 | 42.09 | 44.41 |
Short-Term Debt | 244K | 246K | 69.42M | 71.8M | 84.5M | 56.4M | 100.27M | 0 | 117.15M | 117.71M |
Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Current Liabilities | 0 | 0 | 0 | 0 | -84.5M | 0 | -100.27M | 0 | 0 | 0 |
Current Ratio | 3.21x | 4.03x | 3.35x | 3.05x | 2.70x | 2.54x | 3.36x | 3.13x | 4.12x | 3.34x |
Quick Ratio | 1.38x | 1.69x | 1.36x | 1.44x | 1.16x | 1.02x | 1.47x | 1.72x | 2.18x | 1.54x |
Cash Conversion Cycle | 99.33 | 108.14 | 109.65 | 89.11 | 100.04 | 101.11 | 107.43 | 100.64 | 95.2 | 117.97 |
Total Non-Current Liabilities | 79.42M | 201.75M | 379.68M | 217.44M | 361.72M | 333.41M | 400.98M | 484.13M | 515.92M | 482.71M |
Long-Term Debt | 22.09M | 135.75M | 155.7M | 0 | 89M | 0 | 15.4M | 0 | 0 | 0 |
Capital Lease Obligations | 0 | 0 | 156.28M | 144.34M | 196.21M | 243.53M | 289.13M | 337.19M | 361.63M | 1.4B |
Deferred Tax Liabilities | 57.34M | 66M | 67.7M | 73.1M | 76.51M | 89.88M | 96.45M | 140.24M | 147.34M | 147.34M |
Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6.69M | 6.94M | 124.22M |
Total Liabilities | 495.9M | 559.32M | 841.39M | 704.59M | 1.09B | 1.24B | 1.11B | 1.47B | 1.23B | 1.43B |
Total Debt | 22.33M | 136M | 381.4M | 216.14M | 454.21M | 390.53M | 505.06M | 447.46M | 478.79M | 476.2M |
Net Debt | -58.17M | 53.1M | 306.95M | 70.08M | 335.95M | 243.02M | 294.94M | -78.81M | 45.51M | 83.53M |
Debt / Equity | 0.01x | 0.08x | 0.22x | 0.12x | 0.23x | 0.17x | 0.19x | 0.15x | 0.15x | 0.15x |
Debt / EBITDA | 0.06x | 0.35x | 0.97x | 0.51x | 0.69x | 0.45x | 0.61x | 0.54x | 0.65x | 0.63x |
Net Debt / EBITDA | -0.15x | 0.13x | 0.78x | 0.16x | 0.51x | 0.28x | 0.36x | -0.10x | 0.06x | 0.11x |
Interest Coverage | 55.61x | 135.80x | 90.99x | 323.68x | 631.05x | 373.63x | 156.23x | 36.00x | - | - |
Total Equity | 1.55B▲ 0% | 1.6B▲ 3.3% | 1.71B▲ 7.1% | 1.78B▲ 3.8% | 2B▲ 12.2% | 2.25B▲ 12.6% | 2.62B▲ 16.4% | 3.06B▲ 17.1% | 3.22B▲ 5.2% | 3.21B▲ 0% |
Equity Growth % | 23.9% | 3.27% | 7.06% | 3.79% | 12.23% | 12.56% | 16.36% | 17.13% | 5.15% | 19.52% |
Book Value per Share | 41.66 | 42.76 | 49.45 | 50.63 | 56.39 | 63.01 | 71.61 | 81.69 | 85.02 | 84.68 |
Total Shareholders' Equity | 1.3B | 1.35B | 1.44B | 1.49B | 1.66B | 1.89B | 2.23B | 2.66B | 2.78B | 2.76B |
Common Stock | 21.05M | 21.17M | 21.53M | 21.7M | 21.84M | 21.81M | 22.13M | 22.22M | 22.32M | 0 |
Retained Earnings | 594.56M | 627.97M | 632.51M | 636.37M | 760.8M | 1.03B | 1.18B | 1.3B | 1.32B | 0 |
Treasury Stock | -87.44M | -87.44M | -87.44M | -87.44M | -87.44M | -87.44M | -86.63M | -73.48M | -73.23M | 0 |
Accumulated OCI | -34.22M | -45.97M | -39.05M | -34.87M | -34.18M | -47.71M | -42.33M | -59.89M | -50.3M | 0 |
Minority Interest | 253.02M | 253.86M | 279.34M | 293.08M | 332.47M | 359.04M | 386.35M | 407.25M | 440.69M | 452.81M |
WSO Cash Flow Statement
Watsco, Inc. (WSO) cash flow — operating, investing & free cash flow history
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operations | 301.85M | 170.56M | 335.77M | 534.38M | 349.57M | 571.96M | 561.95M | 773.1M | 569.61M | 728.35M |
Operating CF Margin % | 6.95% | 3.75% | 7.04% | 10.57% | 5.57% | 7.86% | 7.72% | 10.15% | 7.87% | - |
Operating CF Growth % | 8.67% | -43.5% | 96.87% | 59.15% | -34.58% | 63.62% | -1.75% | 37.57% | -26.32% | 34.46% |
Net Income | 257.29M | 296.53M | 295.77M | 323.17M | 498.74M | 703.7M | 634.14M | 635.74M | 464.18M | 496.01M |
Depreciation & Amortization | 22.03M | 22.09M | 24.51M | 25.91M | 28.13M | 31.68M | 35.09M | 40.82M | 43.75M | 43.99M |
Stock-Based Compensation | 13.29M | 15.51M | 17.03M | 22.13M | 25.36M | 28.82M | 30M | 35.02M | 0 | 25.96M |
Deferred Taxes | -10.73M | 8.29M | 1.28M | 40K | 5.94M | 13.47M | -7.18M | 229K | 18.44M | 12.85M |
Other Non-Cash Items | 648K | -3.69M | -2.62M | -4.02M | -6.91M | -9.01M | -10.3M | -16.95M | 145.33M | -348.95M |
Working Capital Changes | 19.32M | -168.17M | -207K | 167.15M | -201.69M | -196.69M | -119.8M | 78.23M | -102.09M | 442.38M |
Change in Receivables | -1.68M | -28.83M | 8.46M | -3.56M | -130.41M | -60.15M | -36.03M | -85.56M | 83.42M | -45.95M |
Change in Inventory | -73.4M | -78.95M | -15.53M | 139.93M | -243.66M | -259.86M | 64.62M | -41.68M | 11.96M | 71.52M |
Change in Payables | 95.28M | -57.4M | 12.73M | 33.94M | 182.82M | 121.99M | -162.04M | 197.76M | -203.05M | 22.77M |
Cash from Investing | -81.31M | -26.31M | -81.04M | -16.34M | -148.58M | -33.84M | -41.34M | -290.67M | -98.12M | -249.54M |
Capital Expenditures | -17.88M | -17.15M | -17.8M | -16.44M | -25.46M | -35.65M | -35.48M | -30.09M | -34.55M | -26.18M |
CapEx % of Revenue | 0.41% | 0.38% | 0.37% | 0.33% | 0.41% | 0.49% | 0.49% | 0.4% | 0.48% | 0.36% |
Acquisitions | -63.6M | -9.39M | -64.61M | 0 | -129.46M | -47K | -6.67M | -5.17M | -18.74M | -15.53M |
Investments | - | - | - | - | - | - | - | - | - | - |
Other Investing | 168K | 228K | 1.38M | 94K | 1.36M | 1.86M | 1.31M | 262K | 0 | -163M |
Cash from Financing | -202.15M | -139.6M | -264.02M | -448.49M | -228.6M | -503.96M | -460.08M | -158.53M | -568.12M | -520.41M |
Debt Issued (Net) | -213.51M | 113.67M | 19.26M | -157.14M | 86.96M | -35.64M | -45.05M | -21.43M | -5.97M | 9.23M |
Equity Issued (Net) | 248.31M | 2.81M | 11.81M | 16.96M | 19.92M | -87.11M | 12.35M | 242.11M | 42.82M | -80.58M |
Dividends Paid | -164.15M | -209.22M | -241.41M | -265.71M | -294.52M | -332.45M | -382.65M | -423.52M | -473.76M | -486.5M |
Share Repurchases | -4.67M | -3.78M | -1.53M | -2.3M | -1.09M | -87.11M | -2.83M | -39.67M | -3.66M | 0 |
Other Financing | -72.8M | -46.86M | -53.68M | -42.6M | -40.96M | -48.76M | -44.74M | 44.31M | -131.2M | 37.44M |
Net Change in Cash | 24.49M▲ 0% | 2.4M▼ 90.2% | -8.44M▼ 452.0% | 71.61M▲ 948.5% | -27.8M▼ 138.8% | 29.24M▲ 205.2% | 62.61M▲ 114.1% | 316.16M▲ 405.0% | -92.99M▼ 129.4% | -39.14M▲ 0% |
Free Cash Flow | 288.64M▲ 0% | 153.4M▼ 46.9% | 317.97M▲ 107.3% | 517.94M▲ 62.9% | 324.1M▼ 37.4% | 536.31M▲ 65.5% | 526.48M▼ 1.8% | 743.01M▲ 41.1% | 535.52M▼ 27.9% | 702.17M▲ 0% |
FCF Margin % | 6.65% | 3.37% | 6.67% | 10.25% | 5.16% | 7.37% | 7.23% | 9.75% | 7.4% | 9.7% |
FCF Growth % | 21.2% | -46.85% | 107.27% | 62.89% | -37.43% | 65.48% | -1.83% | 41.13% | -27.93% | 52.66% |
FCF per Share | 7.75 | 4.09 | 9.17 | 14.73 | 9.15 | 15.03 | 14.41 | 19.81 | 14.13 | 18.50 |
FCF Conversion (FCF/Net Income) | 1.45x | 0.70x | 1.37x | 1.98x | 0.83x | 0.95x | 1.05x | 1.44x | 1.15x | 1.42x |
Interest Paid | 0 | 0 | 0 | 1.84M | 913K | 3.5M | 10.12M | 969K | 0 | 0 |
Taxes Paid | 0 | 0 | 0 | 70.89M | 124.98M | 105.74M | 188.44M | 124.6M | 0 | 0 |
WSO Key Ratios
Watsco, Inc. (WSO) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Return on Equity (ROE) | 14.86% | 15.41% | 14.83% | 15.43% | 22.18% | 28.32% | 22.05% | 18.88% | 15.81% | 15.31% |
Return on Invested Capital (ROIC) | 18.15% | 17.73% | 14.97% | 15.54% | 22.54% | 25.85% | 22.07% | 19.89% | 16.61% | 15.59% |
Gross Margin | 24.54% | 24.64% | 24.25% | 24.19% | 26.55% | 27.91% | 27.35% | 26.84% | 28.05% | 28.37% |
Net Margin | 4.8% | 5.34% | 5.16% | 5.33% | 6.67% | 8.26% | 7.36% | 7.04% | 6.87% | 6.85% |
Debt / Equity | 0.01x | 0.08x | 0.22x | 0.12x | 0.23x | 0.17x | 0.19x | 0.15x | 0.15x | 0.15x |
Interest Coverage | 55.61x | 135.80x | 90.99x | 323.68x | 631.05x | 373.63x | 156.23x | 36.00x | - | - |
FCF Conversion | 1.45x | 0.70x | 1.37x | 1.98x | 0.83x | 0.95x | 1.05x | 1.44x | 1.15x | 1.42x |
Revenue Growth | 2.87% | 4.71% | 4.92% | 5.97% | 24.24% | 15.83% | 0.13% | 4.59% | -4.98% | -4.52% |
Related:WSO Dividend History·WSO Revenue History·WSO Price History·WSO P/E History·WSO Financial Ratios·WSO Institutional Holders
WSO SEC Filings & Documents
Watsco, Inc. (WSO) SEC filings — annual & quarterly reports (10-K, 10-Q)
WSO Frequently Asked Questions
Watsco, Inc. (WSO) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Watsco, Inc. (WSO) reported $7.24B in revenue for fiscal year 2025. This represents a 1602% increase from $425.4M in 1996.
Watsco, Inc. (WSO) saw revenue decline by 5.0% over the past year.
Yes, Watsco, Inc. (WSO) is profitable, generating $496.0M in net income for fiscal year 2025 (6.9% net margin).
Dividend & Returns
Yes, Watsco, Inc. (WSO) pays a dividend with a yield of 3.12%. This makes it attractive for income-focused investors.
Watsco, Inc. (WSO) has a return on equity (ROE) of 15.8%. This is reasonable for most industries.
Watsco, Inc. (WSO) generated $702.2M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.