Watsco, Inc. (WSO) Balance Sheet

According to recent financial statements, Watsco has grown its total asset base from $3.7 billion in 2023Q4 to $4.6 billion in 2026Q1, reflecting a consistent, long-term strategy of scaling its distribution footprint despite the recent deceleration in top-line revenue growth observed across the broader HVAC sector.

Based on reported figures, Watsco maintains a highly conservative capital structure with a debt-to-equity ratio of 0.15 as of 2026Q1, providing the company with significant financial optionality to pursue opportunistic acquisitions in a fragmented market where smaller competitors may face higher costs of capital.

As reported in quarterly filings, Watsco maintains a current ratio of 3.34 as of 2026Q1, which provides a substantial liquidity cushion to manage the significant working capital requirements associated with the seasonal inventory build-ups necessary to support its Sunbelt-focused distribution network during peak cooling months.