Watsco, Inc. (WSO) quarterly balance sheet — complete assets, liabilities & equity history
Watsco, Inc. (WSO) balance sheet — 30-year assets, liabilities & shareholders' equity history
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Total Current Assets | 3.45B | 3.18B | 2.95B | 3.12B | 3.3B | 3.04B | 3.08B | 3.13B | 3.03B | 3B | 2.39B | 2.73B | 2.88B | 2.6B | 2.3B | 2.41B | 2.62B | 2.32B | 1.96B | 1.98B |
| Cash & Short-Term Investments | 464.19M | 592.68M | 733.28M | 524.35M | 292.98M | 431.82M | 781.94M | 550.02M | 424.85M | 478.86M | 210.11M | 175.02M | 162.53M | 140.96M | 147.5M | 130.23M | 129.05M | 110.61M | 118.27M | 137.2M |
| Cash Only | 364.19M | 392.68M | 433.28M | 324.35M | 292.98M | 431.82M | 526.27M | 294.35M | 224.85M | 278.86M | 210.11M | 175.02M | 162.53M | 140.96M | 147.5M | 130.23M | 129.05M | 110.61M | 118.27M | 137.2M |
| Short-Term Investments | 100M | 200M | 300M | 200M | 0 | 0 | 255.67M | 255.67M | 200M | 200M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 1.06B | 839.24M | 796.18M | 941.88M | 1.02B | 794.31M | 877.93M | 944.5M | 1B | 832.12M | 797.83M | 949.32M | 990.66M | 811.26M | 747.11M | 859.58M | 983.03M | 790.01M | 698.46M | 771.04M |
| Days Sales Outstanding | 41.07 | 48.01 | 50.64 | 43.57 | 39.93 | 49.15 | 47.8 | 41.44 | 38.99 | 47.39 | 50.13 | 41.96 | 40.93 | 45.22 | 46.74 | 41.63 | 37.81 | 43.96 | 44.71 | 42.03 |
| Inventory | 1.89B | 1.72B | 1.39B | 1.6B | 1.95B | 1.78B | 1.39B | 1.6B | 1.57B | 1.66B | 1.35B | 1.55B | 1.69B | 1.61B | 1.37B | 1.39B | 1.48B | 1.39B | 1.12B | 1.04B |
| Days Inventory Outstanding | 107.51 | 126.25 | 119.49 | 111.07 | 116.29 | 129.16 | 106.68 | 91.5 | 94.21 | 120.45 | 112.1 | 95.52 | 104.35 | 121.82 | 110.44 | 88.77 | 84.92 | 105.07 | 90.25 | 73.84 |
| Other Current Assets | 38.67M | 34.07M | 38.73M | 47.95M | 38.16M | 33.12M | 34.67M | 41.67M | 34.72M | 31.75M | 36.7M | 56.49M | 40.07M | 31.3M | 33.95M | 34.88M | 31.33M | 29.21M | 29.21M | 30.47M |
| Total Non-Current Assets | 1.63B | 1.47B | 1.5B | 1.44B | 1.43B | 1.42B | 1.45B | 1.38B | 1.36B | 1.36B | 1.34B | 1.31B | 1.22B | 1.2B | 1.19B | 1.17B | 1.16B | 1.15B | 1.12B | 1.11B |
| Property, Plant & Equipment | 656.19M | 594.03M | 588.56M | 565.84M | 563.2M | 570.8M | 559.67M | 541.32M | 523.12M | 521.92M | 504.98M | 496.98M | 462.44M | 452.46M | 442.74M | 434.07M | 417.75M | 404.05M | 379.55M | 368.81M |
| Fixed Asset Turnover | 3.37x | 2.59x | 2.74x | 3.66x | 3.64x | 2.71x | 3.19x | 4.06x | 4.09x | 3.05x | 3.20x | 4.43x | 4.38x | 3.46x | 3.61x | 4.78x | 5.19x | 3.89x | 4.04x | 4.83x |
| Goodwill | 559.69M | 461.36M | 462.51M | 465.06M | 466.17M | 454.87M | 451.86M | 458.83M | 458.35M | 459.44M | 457.15M | 491.52M | 431.59M | 430.74M | 430.71M | 430.23M | 432.78M | 434.14M | 434.02M | 432.51M |
| Intangible Assets | 205.25M | 207.9M | 210.43M | 206.99M | 209.79M | 207.36M | 208.47M | 211.76M | 211.59M | 214.06M | 218.15M | 172.47M | 175.77M | 174.29M | 175.19M | 174.98M | 183.13M | 188M | 186.9M | 187.66M |
| Long-Term Investments | 193.9M | 190.71M | 190.2M | 187.36M | 177.86M | 173.76M | 171.19M | 162.02M | 156.89M | 151.7M | 146.24M | 137.6M | 141.08M | 136.44M | 132.8M | 127.42M | 122.83M | 118.85M | 114.81M | 111.78M |
| Other Non-Current Assets | 15.58M | 14.31M | 8.6M | 13.48M | 12.78M | 12.21M | 8.35M | 10.56M | 10.98M | 11.63M | 10.74M | 9.93M | 9.56M | 8.86M | 8.03M | 8.01M | 8.17M | 8.73M | 9.19M | 9.3M |
| Total Assets | 5.08B | 4.65B | 4.46B | 4.55B | 4.73B | 4.45B | 4.53B | 4.52B | 4.4B | 4.36B | 3.73B | 4.04B | 4.1B | 3.8B | 3.49B | 3.58B | 3.79B | 3.47B | 3.09B | 3.09B |
| Asset Turnover | 0.43x | 0.34x | 0.35x | 0.45x | 0.45x | 0.34x | 0.39x | 0.48x | 0.49x | 0.39x | 0.41x | 0.52x | 0.51x | 0.43x | 0.45x | 0.55x | 0.59x | 0.46x | 0.49x | 0.57x |
| Asset Growth % | 7.51% | 4.38% | -1.69% | 0.82% | 7.6% | 2.23% | 21.54% | 11.84% | 7.12% | 14.64% | 6.91% | 12.68% | 8.3% | 9.41% | 13.04% | 15.97% | 20.98% | 29.03% | 24.21% | 16.74% |
| Total Current Liabilities | 1.08B | 951.87M | 717.74M | 812.14M | 1.07B | 925.14M | 983.9M | 933.15M | 945.17M | 1.03B | 712.01M | 887.63M | 956M | 953.08M | 906.52M | 939.52M | 1.06B | 836.84M | 726.72M | 796.69M |
| Accounts Payable | 660.3M | 834.16M | 350.43M | 411.41M | 678.11M | 545.57M | 490.88M | 549.44M | 564.08M | 687.64M | 369.4M | 509.31M | 602.46M | 593.15M | 456.13M | 474.27M | 625.96M | 462.57M | 364.19M | 454.5M |
| Days Payables Outstanding | 44.56 | 48.22 | 30.46 | 34.04 | 38.16 | 42.34 | 37.22 | 32.14 | 36.52 | 42.4 | 34 | 32.79 | 37.77 | 42.83 | 37.29 | 34.08 | 32.2 | 34.67 | 34.24 | 33.46 |
| Short-Term Debt | 0 | 117.71M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 100.27M | 0 | 93.1M | 92.54M | 147M | 89.24M | 88.6M | 86.81M | 84.5M | 0 |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -100.27M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Current Ratio | 3.20x | 3.34x | 4.12x | 3.84x | 3.08x | 3.28x | 3.13x | 3.36x | 3.21x | 2.92x | 3.36x | 3.08x | 3.02x | 2.73x | 2.54x | 2.57x | 2.47x | 2.77x | 2.70x | 2.49x |
| Quick Ratio | 1.45x | 1.54x | 2.18x | 1.86x | 1.26x | 1.36x | 1.72x | 1.65x | 1.55x | 1.31x | 1.47x | 1.33x | 1.25x | 1.03x | 1.02x | 1.09x | 1.08x | 1.11x | 1.16x | 1.18x |
| Cash Conversion Cycle | 104.02 | 126.04 | 139.67 | 120.59 | 118.06 | 135.97 | 117.26 | 100.8 | 96.68 | 125.44 | 128.23 | 104.69 | 107.52 | 124.21 | 119.89 | 96.33 | 90.53 | 114.36 | 100.72 | 82.42 |
| Total Non-Current Liabilities | 531.73M | 482.71M | 515.92M | 440.93M | 436.78M | 441.35M | 484.13M | 422.46M | 405.97M | 403.42M | 400.98M | 485.68M | 694.96M | 539.23M | 333.41M | 328.91M | 507.47M | 556.34M | 361.72M | 272.7M |
| Long-Term Debt | 0 | 0 | 0 | 328.19M | 0 | 0 | 0 | 0 | 0 | 0 | 15.4M | 105.6M | 342.9M | 197.6M | 0 | 8.8M | 203.6M | 262.5M | 89M | 1.72M |
| Capital Lease Obligations | 415.55M | 358.49M | 361.63M | 340.81M | 338.67M | 346.37M | 337.19M | 320.99M | 307.12M | 306.31M | 289.13M | 284.74M | 258.9M | 250.54M | 243.53M | 238.33M | 223.55M | 215.8M | 196.21M | 189.45M |
| Deferred Tax Liabilities | 116.19M | 0 | 147.34M | 0 | 0 | 0 | 140.24M | 0 | 0 | 0 | 96.45M | 95.34M | 93.16M | 91.09M | 89.88M | 81.78M | 80.33M | 78.04M | 76.51M | 81.53M |
| Other Non-Current Liabilities | 0 | 124.22M | 6.94M | -228.08M | 98.11M | 94.98M | 6.69M | 101.46M | 98.85M | 97.11M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 1.61B | 1.43B | 1.23B | 1.25B | 1.51B | 1.37B | 1.47B | 1.36B | 1.35B | 1.43B | 1.11B | 1.37B | 1.65B | 1.49B | 1.24B | 1.27B | 1.57B | 1.39B | 1.09B | 1.07B |
| Total Debt | 535.27M | 476.2M | 478.79M | 785.7M | 454.09M | 459.69M | 447.46M | 428.36M | 411.53M | 409.21M | 505.06M | 488.85M | 694.9M | 540.67M | 390.53M | 336.37M | 515.75M | 565.11M | 369.71M | 273.88M |
| Net Debt | 171.08M | 83.53M | 45.51M | 461.35M | 161.11M | 27.87M | -78.81M | 134.01M | 186.67M | 130.35M | 294.94M | 313.82M | 532.38M | 399.72M | 243.02M | 206.14M | 386.7M | 454.5M | 251.45M | 136.68M |
| Debt / Equity | 0.15x | 0.15x | 0.15x | 0.24x | 0.14x | 0.15x | 0.15x | 0.14x | 0.14x | 0.14x | 0.19x | 0.18x | 0.28x | 0.23x | 0.17x | 0.15x | 0.23x | 0.27x | 0.19x | 0.14x |
| Debt / EBITDA | 2.21x | 3.93x | 4.48x | 3.20x | 1.61x | 3.74x | 3.05x | 1.64x | 1.48x | 3.00x | 4.30x | 1.84x | 2.53x | 3.13x | 2.69x | 1.38x | 1.75x | 3.16x | 2.84x | 1.28x |
| Net Debt / EBITDA | 0.71x | 0.69x | 0.43x | 1.88x | 0.57x | 0.23x | -0.54x | 0.51x | 0.67x | 0.96x | 2.51x | 1.18x | 1.94x | 2.31x | 1.67x | 0.84x | 1.31x | 2.54x | 1.93x | 0.64x |
| Interest Coverage | - | - | - | - | - | - | 19.31x | - | - | - | - | 135.78x | 77.81x | 261.95x | 9798.50x | 489.14x | 258.65x | 306.54x | 514.92x | 935.74x |
| Total Equity | 3.47B | 3.21B | 3.22B | 3.3B | 3.22B | 3.09B | 3.06B | 3.16B | 3.04B | 2.93B | 2.62B | 2.67B | 2.45B | 2.31B | 2.25B | 2.32B | 2.22B | 2.08B | 2B | 2.02B |
| Equity Growth % | 7.8% | 4.11% | 5.15% | 4.42% | 5.83% | 5.48% | 17.13% | 18.61% | 24.15% | 26.83% | 16.36% | 15.09% | 10.46% | 10.94% | 12.56% | 14.57% | 14.92% | 15.8% | 12.23% | 11.69% |
| Book Value per Share | 91.21 | 84.68 | 84.95 | 87.07 | 85.06 | 81.58 | 81.18 | 83.93 | 80.90 | 79.12 | 66.33 | 72.88 | 67.31 | 63.59 | 58.02 | 65.13 | 62.49 | 58.60 | 51.42 | 57.04 |
| Total Shareholders' Equity | 2.99B | 2.76B | 2.78B | 2.81B | 2.76B | 2.67B | 2.66B | 2.7B | 2.61B | 2.53B | 2.23B | 2.22B | 2.04B | 1.93B | 1.89B | 1.91B | 1.83B | 1.73B | 1.66B | 1.64B |
| Common Stock | 22.65M | 22.36M | 22.32M | 22.31M | 22.3M | 22.28M | 22.22M | 22.24M | 22.23M | 22.21M | 22.13M | 22.11M | 21.95M | 21.91M | 21.81M | 21.96M | 21.93M | 21.91M | 21.84M | 21.82M |
| Retained Earnings | 1.31B | 1.28B | 1.32B | 1.37B | 1.33B | 1.27B | 1.3B | 1.31B | 1.25B | 1.17B | 1.18B | 1.2B | 1.12B | 1.04B | 1.03B | 977.05M | 905.17M | 798.3M | 760.8M | 756.99M |
| Treasury Stock | -73.23M | -73.23M | -73.23M | -73.23M | -73.23M | -73.31M | -73.48M | -73.65M | -73.81M | -73.81M | -86.63M | -86.63M | -86.63M | -87.44M | -87.44M | -87.44M | -87.44M | -87.44M | -87.44M | -87.44M |
| Accumulated OCI | -57.11M | -53.49M | -50.3M | -53.53M | -49.37M | -59.73M | -59.89M | -46.89M | -50.17M | -47.87M | -42.33M | -47.41M | -42.76M | -47.54M | -47.71M | -50.11M | -37.51M | -31.24M | -34.18M | -35.1M |
| Minority Interest | 478.8M | 452.81M | 440.69M | 486.82M | 461.38M | 422.81M | 407.25M | 465.5M | 433.35M | 401.15M | 386.35M | 441.75M | 414.4M | 379.43M | 359.04M | 407.38M | 385.34M | 355.5M | 332.47M | 376.94M |