WSO; WSOB · Watsco Inc - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.53B | - | $2.07B | $2.06B | $1.53B | - | $2.16B | $2.14B | $1.56B | - |
| Cost of Revenue | $1.11B | - | $1.50B | $1.46B | $1.10B | - | $1.59B | $1.56B | $1.13B | - |
| Gross Profit | $427.56M | - | $568.91M | $603.49M | $429.62M | - | $566.24M | $579.76M | $430.63M | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $322.85M | - | $343.65M | $339.00M | $322.58M | - | $326.37M | $319.03M | $309.55M | - |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | $11.02M | - | - | - | $10.78M | - | - | - | $9.88M | - |
| Operating Income | $110.18M | - | $234.76M | $271.87M | $112.19M | - | $250.25M | $268.80M | $126.54M | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | $23.70M | - | $49.27M | $57.43M | $23.07M | - | $55.37M | $59.06M | $24.75M | - |
| Net Income | $79.07M | - | $161.57M | $183.61M | $80.06M | - | $171.03M | $181.41M | $87.00M | - |
| EPS - Basic | $1.87 | - | $3.98 | $4.53 | $1.93 | - | $4.24 | $4.50 | $2.17 | - |
| EPS - Diluted | $1.87 | - | $3.98 | $4.52 | $1.93 | - | $4.22 | $4.49 | $2.17 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $392.68M | $433.28M | $324.35M | $292.98M | $431.82M | $526.27M | $294.35M | $224.85M | $278.86M | $210.11M |
| Accounts Receivable | $839.24M | $796.18M | $941.88M | $1.02B | $794.31M | $877.93M | $944.50M | $1.00B | $832.12M | $797.83M |
| Inventory | $1.72B | $1.39B | $1.60B | $1.95B | $1.78B | $1.39B | $1.60B | $1.57B | $1.66B | $1.35B |
| Accounts Payable | $587.42M | $350.43M | $411.41M | $678.11M | $545.57M | $490.88M | $549.44M | $564.08M | $687.64M | $369.40M |
| Current Assets | $3.18B | $2.95B | $3.12B | $3.30B | $3.04B | $3.08B | $3.13B | $3.03B | $3.00B | $2.39B |
| Total Assets | $4.65B | $4.41B | $4.55B | $4.73B | $4.45B | $4.48B | $4.52B | $4.40B | $4.36B | $3.73B |
| Current Liabilities | $951.87M | $717.74M | $812.14M | $1.07B | $925.14M | $983.90M | $933.15M | $945.17M | $1.03B | $712.01M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | - | - | - | - | - | - | - | - | - | - |
| Stockholders' Equity | $2.76B | $2.78B | $2.81B | $2.76B | $2.67B | $2.66B | $2.70B | $2.61B | $2.53B | $2.23B |
| Retained Earnings | $1.28B | $1.32B | $1.37B | $1.33B | $1.27B | $1.30B | $1.31B | $1.25B | $1.17B | $1.18B |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($18.91M) | - | - | - | ($177.64M) | - | - | - | $103.71M | - |
| Investing Cash Flow | $93.14M | - | - | - | $244.56M | - | - | - | ($210.97M) | - |
| Financing Cash Flow | ($113.97M) | - | - | - | ($161.68M) | - | - | - | $178.40M | - |
| CapEx | $6.96M | - | - | - | $7.54M | - | - | - | $5.84M | - |
| Free Cash Flow | ($25.87M) | - | - | - | ($185.19M) | - | - | - | $97.86M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 27.9% | - | 27.5% | 29.3% | 28.1% | - | 26.2% | 27.1% | 27.5% | - |
| Operating margin | 7.2% | - | 11.4% | 13.2% | 7.3% | - | 11.6% | 12.6% | 8.1% | - |
| EBITDA margin | 7.9% | - | - | - | 8.0% | - | - | - | 8.7% | - |
| Net margin | 5.2% | - | 7.8% | 8.9% | 5.2% | - | 7.9% | 8.5% | 5.6% | - |
| Free cash flow margin | -1.7% | - | - | - | -12.1% | - | - | - | 6.3% | - |
| FCF / Net income | -0.33 | - | - | - | -2.31 | - | - | - | 1.12 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 21.1% | - | 16.6% | 16.4% | 21.1% | - | 15.1% | 14.9% | 19.8% | - |
| Effective tax rate | 23.1% | - | 23.4% | 23.8% | 22.4% | - | 24.5% | 24.6% | 22.1% | - |
| Return on assets | 1.7% | - | 3.5% | 3.9% | 1.8% | - | 3.8% | 4.1% | 2.0% | - |
| Return on equity | 2.9% | - | 5.7% | 6.7% | 3.0% | - | 6.3% | 6.9% | 3.4% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 3.34 | 4.12 | 3.84 | 3.08 | 3.28 | 3.13 | 3.36 | 3.21 | 2.92 | 3.36 |
| Quick ratio | 1.54 | 2.18 | 1.86 | 1.26 | 1.36 | 1.72 | 1.65 | 1.55 | 1.31 | 1.47 |
| Cash ratio | 0.41 | 0.60 | 0.40 | 0.27 | 0.47 | 0.53 | 0.32 | 0.24 | 0.27 | 0.30 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 1.68 | 1.59 | 1.62 | 1.71 | 1.67 | 1.69 | 1.68 | 1.68 | 1.72 | 1.67 |
| Liabilities / Assets | - | - | - | - | - | - | - | - | - | - |
| Efficiency | ||||||||||
| Asset turnover | 0.33 | - | 0.45 | 0.44 | 0.34 | - | 0.48 | 0.49 | 0.36 | - |
| Inventory turnover | 0.64 | - | 0.94 | 0.75 | 0.62 | - | 1.00 | 0.99 | 0.69 | - |
| Days sales outstanding | 200d | - | 166d | 180d | 189d | - | 160d | 171d | 194d | - |
| Days inventory outstanding | 566d | - | 390d | 489d | 589d | - | 366d | 368d | 533d | - |
| Days payable outstanding | 194d | - | 100d | 170d | 181d | - | 126d | 132d | 221d | - |
| Cash conversion cycle | 572d | - | 456d | 499d | 597d | - | 399d | 407d | 506d | - |
| Valuation | ||||||||||
| P / E | 194.5x | - | 101.6x | 97.7x | 263.4x | - | 116.6x | 103.2x | 199.1x | - |
| P / B | 5.0x | - | 5.4x | - | - | - | - | - | - | - |
| P / S | 9.0x | - | 7.4x | - | - | - | - | - | - | - |
| EV / EBITDA | 110.4x | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 0.1% | - | -4.3% | -3.6% | -2.2% | - | 1.6% | 6.8% | 0.9% | - |
| Revenue CAGR (3y) | -0.4% | - | 0.5% | -1.1% | 0.2% | - | 6.6% | 5.0% | 11.3% | - |
| Revenue CAGR (5y) | 6.2% | - | 6.1% | 8.8% | 8.7% | - | 9.1% | 9.3% | 10.9% | - |
| Gross profit growth (YoY) | -0.5% | - | 0.5% | 4.1% | -0.2% | - | -0.1% | 3.0% | -3.9% | - |
| Operating income growth (YoY) | -1.8% | - | -6.2% | 1.1% | -11.3% | - | -2.5% | 1.2% | -23.2% | - |
| Net income growth (YoY) | -1.2% | - | -5.5% | 1.2% | -8.0% | - | 0.0% | 5.0% | -21.0% | - |
| EPS growth (YoY) | -3.1% | - | -5.7% | 0.7% | -11.1% | - | -3.0% | 1.6% | -23.3% | - |
| EPS CAGR (3y) | -12.9% | - | -0.4% | -2.9% | -12.7% | - | 5.2% | 6.6% | 16.0% | - |
| EPS CAGR (5y) | 6.1% | - | 7.6% | 14.9% | 21.8% | - | 13.9% | 13.3% | 19.8% | - |
| FCF growth (YoY) | 86.0% | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 3.6% | 4.7% | 4.4% | 5.7% | 5.5% | 19.2% | 21.2% | 28.1% | 31.0% | 18.0% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Geographic
$7.24B totalUS$6.56B · 90.6%
Latin America And Caribbean$344.26M · 4.8%
CA$338.11M · 4.7%
Peer comparison
Same SIC group: Wholesale-Hardware & Plumbing & Heating Equipment & Supplies
Comparing WATSCO INC against the 2 most active filers in the same SIC group.
Dividends
$12.30/share trailing 12 months · +10.8% YoY
| Ex-date | Per share |
|---|---|
| Apr 16, 2026 | $3.3000 |
| Jan 16, 2026 | $3.0000 |
| Oct 16, 2025 | $3.0000 |
| Jul 16, 2025 | $3.0000 |
| Apr 15, 2025 | $3.0000 |
| Jan 17, 2025 | $2.7000 |
| Oct 16, 2024 | $2.7000 |
| Jul 16, 2024 | $2.7000 |
| Apr 12, 2024 | $2.7000 |
| Jan 16, 2024 | $2.4500 |
| Oct 16, 2023 | $2.4500 |
| Jul 14, 2023 | $2.4500 |
| Apr 14, 2023 | $2.4500 |
| Jan 13, 2023 | $2.4500 |
| Oct 14, 2022 | $2.2000 |
| Jul 14, 2022 | $2.2000 |
| Apr 13, 2022 | $2.2000 |
| Jan 13, 2022 | $1.9500 |
| Oct 14, 2021 | $1.9500 |
| Jul 14, 2021 | $1.9500 |
| Apr 14, 2021 | $1.9500 |
| Jan 14, 2021 | $1.7750 |
| Oct 14, 2020 | $1.7750 |
| Jul 15, 2020 | $1.7750 |