WSO

Watsco Inc

$383.86 +6.13 (+1.62%) At close · Jul 10

Market Cap

$15.61B

40,657,534

Income-statement, balance-sheet and cash-flow figures extracted from the company's SEC filings — 10-K annual and 10-Q quarterly reports — and standardised for comparison across periods.

Revenue

$7.24B -5%

FY2025

Net Income

$496.99M -7.3%

FY2025

Gross Margin

28.05% +1.2pp

FY2025

Operating Margin

9.95% -0.3pp

FY2025

Diluted EPS

$12.25 -7.9%

FY2025

Operating Cash Flow

$569.61M -26.3%

FY2025

Chart any reported metric, KPI or segment over time — the full statement history lives here

Income Statement Balance Sheet Cash Flow All Metrics

Annual Quarterly

Line Item	3Y	5Y	10Y	TTM	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008
Revenue	-0.2%	+7.4%	+5.8%	$7.24B	$7.24B	$7.62B	$7.28B	$7.27B	$6.28B	$5.05B	$4.77B	$4.55B	$4.34B	$4.22B	$4.11B	$3.94B	$3.74B	$3.43B	$2.98B	$2.84B	$2B	$1.7B
Net Interest Income	—	—	—	$18.37M	$17.33M	$20.87M	-$4.92M	-$2.17M	-$996K	-$1.24M	-$4.03M	-$2.74M	-$6.36M	-$3.71M	-$5.55M	-$5.21M	—	—	—	—	—	—
Cost of Revenue	-0.2%	+6.3%	+5.3%	$5.21B	$5.21B	$5.57B	$5.29B	$5.24B	$4.61B	$3.83B	$3.61B	$3.43B	$3.28B	$3.19B	$3.11B	$2.99B	$2.84B	$2.62B	$2.25B	$2.17B	$1.52B	$1.26B
Gross Profit	0.0%	+10.7%	+7.3%	$2.03B	$2.03B	$2.04B	$1.99B	$2.03B	$1.67B	$1.22B	$1.16B	$1.12B	$1.07B	$1.03B	$1.01B	$956.4M	$899.25M	$814.4M	$728.29M	$673.24M	$480.83M	$441.99M
Gross Margin	—	—	—	—	28.05%	26.84%	27.35%	27.91%	26.55%	24.19%	24.25%	24.64%	24.54%	24.51%	24.49%	24.25%	24.02%	23.73%	24.46%	23.67%	24.02%	26%
Selling, General & Administrative	+3.1%	+9.9%	+7.2%	$1.34B	$1.34B	$1.29B	$1.22B	$1.22B	$1.06B	$833.05M	$800.33M	$757.45M	$715.67M	$688.95M	$670.61M	$650.66M	$628.04M	$589.49M	$529.24M	$507.67M	$399.77M	$343.39M
Amortization of Intangibles	+4.3%	-2.1%	+0.1%	—	$5.35M	$5.43M	$4.32M	$4.71M	$5.56M	$5.95M	$5.7M	$5.35M	$5.26M	$5.21M	$5.32M	$5.77M	$6.03M	$4.93M	$2.36M	$1.94M	—	—
Depreciation & Amortization	+11.4%	+11.0%	+8.6%	—	$43.75M	$40.82M	$35.09M	$31.68M	$28.13M	$25.91M	$24.51M	$22.1M	$22.03M	$20.07M	$19.12M	$17.93M	$17.71M	$15.91M	$11.73M	$10.77M	$8.53M	$7.07M
Operating Income	-4.7%	+12.4%	+7.9%	$718.34M	$720.35M	$781.78M	$794.81M	$831.58M	$628.53M	$401.03M	$366.88M	$372.08M	$353.87M	$345.63M	$336.75M	$305.75M	$271.21M	$224.91M	$199.05M	$165.57M	$81.06M	$98.61M
Operating Margin	—	—	—	—	9.95%	10.26%	10.91%	11.43%	10.01%	7.93%	7.69%	8.18%	8.15%	8.19%	8.19%	7.75%	7.25%	6.55%	6.68%	5.82%	4.05%	5.8%
EBITDA	-4.0%	+12.3%	+7.9%	—	$764.1M	$822.6M	$829.9M	$863.26M	$656.66M	$426.94M	$391.4M	$394.18M	$375.91M	$365.7M	$355.87M	$323.67M	$288.92M	$240.82M	$210.78M	$176.34M	$89.59M	$105.68M
Interest Expense	+5.9%	+9.7%	—	—	—	—	—	—	—	—	—	—	—	—	$5.55M	$5.21M	$5.83M	$4.67M	$4.46M	$3.49M	$2.73M	—
Equity in Earnings of Unconsolidated Entities	+7.0%	+19.8%	—	$28.1M	$27.77M	$30.5M	$26.18M	$22.67M	$19.3M	$11.26M	$10.26M	$9.28M	$3.89M	—	—	—	—	—	—	—	—	—
Pretax Income	-3.8%	+13.0%	+8.3%	$736.71M	$737.68M	$802.64M	$789.89M	$829.41M	$627.53M	$399.8M	$362.85M	$369.34M	$347.51M	$341.92M	$331.2M	$300.54M	$265.38M	$220.24M	$194.59M	$162.08M	$78.33M	$96.59M
Income Tax	+6.1%	+14.4%	+3.7%	$150.73M	$150.09M	$166.9M	$155.75M	$125.72M	$128.8M	$76.62M	$67.08M	$72.81M	$90.22M	$105.94M	$104.68M	$91.84M	$77.66M	$62.64M	$56.85M	$50.36M	$26.76M	$36.22M
Net Income	-6.1%	+13.0%	+11.1%	$462.85M	$496.99M	$536.29M	$536.34M	$601.17M	$418.95M	$269.58M	$245.95M	$242.93M	$208.22M	$182.81M	$172.93M	$151.39M	$127.72M	$103.33M	$90.45M	$80.76M	$43.31M	$60.37M
Net Margin	—	—	—	—	6.87%	7.04%	7.36%	8.26%	6.67%	5.33%	5.16%	5.34%	4.8%	4.33%	4.2%	3.84%	3.41%	3.01%	3.04%	2.84%	2.16%	3.55%
Net Income Attributable to Noncontrolling Interests	-4.0%	+11.1%	+5.4%	$89.98M	$90.59M	$99.45M	$97.8M	$102.53M	$79.79M	$53.59M	$49.83M	$53.6M	$49.07M	$53.17M	$53.6M	$57.32M	$60M	$54.27M	$47.29M	$30.96M	$8.26M	—
Net Income Available to Common Stockholders	—	+13.5%	+11.3%	—	$464.18M	$498.89M	$499.37M	—	$381.67M	$246.44M	$225.54M	$223.14M	$190.79M	$168M	$159.3M	$139.94M	$118.66M	$85.68M	$84.41M	$75.99M	$39.99M	—
Comprehensive Income	-4.8%	+13.1%	+13.0%	$502.24M	$506.58M	$518.72M	$541.72M	$587.63M	$419.64M	$273.76M	$252.87M	$230.88M	$217.53M	$186.18M	$149.77M	$139.11M	$118.35M	$101.58M	$90.69M	$80.99M	$43.62M	—
EPS (Basic) USD/shares	-7.4%	+11.8%	+9.6%	—	$12.27	$13.34	$13.72	$15.46	$10.83	$7.03	$6.51	$6.50	$5.81	$5.16	$4.91	$4.33	$3.69	$2.70	$2.75	$2.49	$1.42	$2.14
EPS (Diluted) USD/shares	-7.4%	+11.8%	+9.6%	—	$12.25	$13.30	$13.67	$15.41	$10.78	$7.01	$6.50	$6.49	$5.81	$5.15	$4.90	$4.32	$3.68	$2.70	$2.74	$2.49	$1.40	$2.09
Shares Outstanding (Basic Avg) shares	—	+1.5%	+1.6%	—	37.84M	37.39M	36.41M	—	35.24M	35.07M	34.64M	34.32M	32.82M	32.58M	32.44M	32.31M	32.2M	31.68M	30.68M	30.47M	28.22M	—
Shares Outstanding (Diluted Avg) shares	—	+1.5%	+1.6%	—	37.9M	37.51M	36.53M	—	35.42M	35.15M	34.68M	34.37M	32.86M	32.62M	32.48M	32.36M	32.26M	31.74M	30.75M	30.58M	28.52M	—

Italic rows are computed from reported lines — open a row's info icon for its formula. Values reflect the latest filing (restatements included); per-share figures on today's split basis. Click a value for its source filing. TTM: trailing twelve months through the latest reported quarter — flows sum the last four quarters, balances take the latest. 3Y/5Y/10Y columns are trailing CAGR from the newest fiscal year; blank where an endpoint is missing or negative.

Capital Returned to Shareholders

Cash spent on share repurchases and dividends per fiscal year, as reported on the cash-flow statement. Across FY2008–FY2025: $4.82M in buybacks, $3.63B in dividends.

Price & Valuation

Multiples computed on the strict TTM/EV methodology — today's snapshot against the industry, and each ratio recomputed as of past filing dates.

Valuation

EV/Revenue

—

Industrial Distribution median 1.42×

EV/EBIT

—

Industrial Distribution median 21.48×

P/E (TTM)

31.49×

Industrial Distribution median 31.27×

Valuation over time computed as of each quarter's filing date

Key facts CIK 105016 CUSIP 942622200 13F (30d) 45 filings 36 filers Visit website Investor relations