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Watsco Inc (WSO)

Also trades as WSO-B. Every security a company lists rests on one set of financial statements, so these figures cover the whole company.

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SEC name WATSCO INC · CIK 0000105016 · NYSE · Wholesale-Hardware & Plumbing & Heating Equipment & Supplies

  • Sector Wholesale Trade
  • Incorporated FL
  • Fiscal year ends Dec 31

For the year ended 2025-12-31, Watsco Inc reported revenue of $7.24B. Revenue fell 5.0% from the prior annual period. Over the twelve months to 2026-06-30, revenue was $7.28B.

Key ratios (year ended 2025-12-31)

28.0%
Gross margin
10.0%
Operating margin
6.9%
Net margin
15.4%
Return on year-end equity
-5.0%
Revenue growth (YoY)

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Latest selected filing: Form 8-K (current report) · 2026-09-17

Headquarters locality: Miami · View on map

Annual financials

Annual flows and balances are grouped by their actual period end. Select a figure to open its SEC filing. n/a means a matching observation is unavailable. Free cash flow is operating cash flow minus capital expenditures, and EBITDA is operating income plus depreciation and amortization, for the same period, computed by TickerFacts.

The first column covers the twelve months to 2026-06-30 from the latest quarterly report: flows are the last fiscal year plus this year to date minus the same months a year earlier, and balances are as of that date. Per-share figures are annual only.

Period endedTTM to
2026-06-30		2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-31
Revenue$7.28B$7.24B$7.62B$7.28B$7.27B$6.28B$5.05B$4.77B$4.55B$4.34B$4.22B
Cost of Revenue$5.28B$5.21B$5.57B$5.29B$5.24B$4.61B$3.83B$3.61B$3.43B$3.28B$3.19B
Gross Profit$2.00B$2.03B$2.04B$1.99B$2.03B$1.67B$1.22B$1.16B$1.12B$1.07B$1.03B
Operating Income$684.85M$720.35M$781.77M$794.81M$831.58M$628.53M$401.03M$366.88M$372.08M$353.87M$345.63M
Depreciation & Amortization$44.01M$43.75M$40.82M$35.09M$31.68M$28.13M$25.91M$24.51M$22.09M$22.03M$20.07M
EBITDA$728.85M$764.10M$822.60M$829.90M$863.26M$656.65M$426.94M$391.40M$394.18M$375.91M$365.70M
Net Income$475.73M$496.99M$536.29M$536.34M$601.17M$418.94M$269.58M$245.95M$242.93M$208.22M$182.81M
EPS (Diluted)n/a$12.25$13.30$13.67$15.41$10.78$7.01$6.50$6.49$5.81$5.15
Total Assets$5.08B$4.41B$4.48B$3.73B$3.49B$3.09B$2.48B$2.56B$2.16B$2.05B$1.87B
Shareholders' Equity$3.47B$3.22B$3.06B$2.62B$2.25B$2.00B$1.78B$1.71B$1.60B$1.55B$1.25B
Cash & Equivalents$364.19M$433.28M$526.27M$210.11M$147.50M$118.27M$146.07M$74.45M$82.89M$80.50M$56.01M
Operating Cash Flow$733.26M$569.61M$773.10M$561.95M$571.96M$349.57M$534.38M$335.77M$170.56M$306.52M$281.73M
Capital Expenditures$36.12M$34.55M$30.09M$35.48M$35.65M$25.46M$16.44M$17.80M$17.15M$17.88M$43.58M
Free Cash Flow$697.14M$535.06M$743.01M$526.48M$536.31M$324.10M$517.94M$317.97M$153.40M$288.64M$238.15M
Dividends Paid$499.19M$473.76M$423.52M$382.65M$332.45M$294.52M$265.71M$241.41M$209.22M$164.15M$127.60M
Dividends Per Sharen/a$11.70$10.55$9.80$8.55$7.62$6.92$6.40$5.60$4.60$3.60
Weighted Average Diluted Sharesn/a37.90M37.51M36.53Mn/a35.42M35.15M34.68M34.37M32.86M32.62M
EPS (Basic)n/a$12.27$13.34$13.72$15.46$10.83$7.03$6.51$6.50$5.81$5.16

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