Watsco, Inc. (WSO) Earnings History
Growth Compounder35 years of earnings data (1991–2025) · Consistent double-digit EPS growth over 5 years
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Watsco, Inc. (WSO) Earnings Overview
As of June 21, 2026, Watsco, Inc. (WSO) reported trailing twelve-month net income of $496M, reflecting -7.9% year-over-year growth. The company earned $13.06 per diluted share over the past four quarters, with a net profit margin of 6.9%.
Looking at the long-term picture, WSO's 5-year EPS compound annual growth rate (CAGR) stands at +11.8%, showing solid earnings momentum. The company achieved its highest annual net income of $601M in fiscal 2022.
Watsco, Inc. maintains positive profitability with a gross margin of 28.0%, operating margin of 9.6%, and net margin of 6.9%. The company continues to generate positive earnings from operations. View revenue history →
Compared to peers including GWW ($1.78B net income, 9.5% margin), MSM ($205M net income, 5.3% margin), FAST ($1.26B net income, 15.3% margin), WSO has room to improve margins relative to the peer group. Compare WSO vs GWW →
WSO Earnings vs Peers
Earnings metrics vs comparable public companies
WSO Historical Earnings Data (1991–2025)
35 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $497M | -7.3% | $693M | $12.25 | 6.9% | 9.6% |
| 2024 | $536M | -0.0% | $782M | $13.30 | 7.0% | 10.3% |
| 2023 | $536M | -10.8% | $795M | $13.67 | 7.4% | 10.9% |
| 2022 | $601M | +43.5% | $832M | $15.41 | 8.3% | 11.4% |
| 2021 | $419M | +55.4% | $629M | $10.78 | 6.7% | 10.0% |
| 2020 | $270M | +9.6% | $401M | $7.01 | 5.3% | 7.9% |
| 2019 | $246M | +1.2% | $367M | $6.50 | 5.2% | 7.7% |
| 2018 | $243M | +16.7% | $372M | $6.48 | 5.3% | 8.2% |
| 2017 | $208M | +13.9% | $354M | $5.12 | 4.8% | 8.2% |
| 2016 | $183M | +5.7% | $346M | $4.73 | 4.3% | 8.2% |
| 2015 | $173M | +14.2% | $337M | $4.51 | 4.2% | 8.2% |
| 2014 | $151M | +18.5% | $306M | $4.00 | 3.8% | 7.8% |
| 2013 | $128M | +23.6% | $271M | $3.42 | 3.4% | 7.2% |
| 2012 | $103M | +14.2% | $225M | $2.48 | 3.0% | 6.6% |
| 2011 | $90M | +12.0% | $199M | $2.74 | 3.0% | 6.7% |
| 2010 | $81M | +86.5% | $166M | $2.49 | 2.8% | 5.8% |
| 2009 | $43M | -28.3% | $81M | $1.40 | 2.2% | 4.0% |
| 2008 | $60M | -7.9% | $99M | $2.18 | 3.6% | 5.8% |
| 2007 | $66M | -20.4% | $111M | $2.36 | 3.7% | 6.3% |
| 2006 | $82M | +17.6% | $135M | $2.96 | 4.6% | 7.5% |
| 2005 | $70M | +45.6% | $117M | $2.52 | 4.2% | 7.0% |
| 2004 | $48M | +37.9% | $82M | $1.79 | 3.7% | 6.2% |
| 2003 | $35M | +22.3% | $61M | $1.34 | 2.8% | 5.0% |
| 2002 | $29M | +16.8% | $51M | $1.07 | 2.4% | 4.3% |
| 2001 | $24M | +27.9% | $48M | $0.90 | 2.0% | 3.9% |
| 2000 | $19M | -35.2% | $54M | $0.69 | 1.5% | 4.2% |
| 1999 | $30M | +17.1% | $59M | $0.99 | 2.4% | 4.8% |
| 1998 | $25M | +37.0% | $54M | $0.89 | 2.5% | 5.4% |
| 1997 | $18M | +41.5% | $35M | $0.68 | 2.9% | 5.5% |
| 1996 | $13M | +80.6% | $21M | $0.60 | 3.1% | 5.0% |
| 1995 | $7M | +24.1% | $15M | $0.46 | 2.2% | 4.7% |
| 1994 | $6M | +16.0% | $15M | $0.25 | 2.0% | 5.3% |
| 1993 | $5M | +72.4% | $11M | $0.28 | 2.2% | 4.9% |
| 1992 | $3M | +45.0% | $10M | $0.29 | 1.5% | 5.1% |
| 1991 | $2M | - | $9M | $0.22 | 1.2% | 5.1% |
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WSO — Frequently Asked Questions
Quick answers to the most common questions about buying WSO stock.
What is WSO earnings per share (EPS)?
WSO trailing twelve-month (TTM) diluted EPS is $13.06, reflecting -7.9% year-over-year growth. The 5-year EPS CAGR is +11.8%. Complete EPS history from 1991 to 2025 is available in the table on this page.
What is Watsco, Inc.'s net income?
Watsco, Inc. (WSO) trailing twelve-month net income is $496M as of 2025. Earnings declined -7.9% year-over-year. Watsco, Inc. has been profitable for 35 consecutive years.
Is WSO profitable?
Yes, WSO is profitable with a TTM net income of $496M and a net profit margin of +6.9%. Watsco, Inc. has generated profits for 35 consecutive years.
What is WSO's earnings growth rate?
WSO compound annual EPS growth rates (CAGR): 1-Year: -7.9%, 3-Year: -7.4%, 5-Year: +11.8%, 10-Year: +10.5%. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 1991 to 2025.
What are WSO's profit margins?
Watsco, Inc. net profit margin is +6.9%, operating margin is +9.6%, and gross margin is +28.0%. Margins are within a typical range for the sector. Return on Equity is +15.8%.
Is WSO growing earnings?
WSO earnings are declining — EPS fell -7.9% year-over-year. TTM net income dropped to $496M. This contrasts with the 5-year CAGR of +11.8%.
What was WSO's best earnings year?
Watsco, Inc.'s highest annual net income on record is $601M, achieved in fiscal year 2022. Earnings history on this page spans 1991 to 2025 and includes all annual and quarterly figures.
What were WSO's earnings last quarter?
WSO's most recent reported quarter was Q1 2026. Net income was $79M with diluted EPS of $1.87. For a full breakdown of all quarters, see the quarterly earnings table on this page.