1. United States of America Stocks

  2. •

    Industrials

  3. •

    Industrial - Distribution
Watsco, Inc.

Watsco, Inc.

WSO-B
Watsco, Inc.US flagNew York Stock Exchange
350.00
USD
- -
- -
13.26BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
107.79
112.68
116.48
118.79
116.63
121.37
124.74
131.06
161.66
187.49
184.45
188.8
178.41
181.47
Basic EPS, GAAP
3.68
4.32
4.9
5.15
5.59
6.48
6.43
6.99
10.78
15.49
13.58
13.29
12.25
12.43
Free Cash Flow per Basic Share
4.33
4.14
6.31
7.93
8.23
4.55
8.78
13.85
9
14.74
14.23
19.16
14.04
18.25
Dividend per Share
1.15
2
2.79
3.59
4.41
5.58
6.31
6.89
7.58
8.57
9.69
10.5
11.68
12.19
Book Value per Share
10.36
12.61
14.62
16.08
16.54
17.33
17.1
17.06
20.15
27.1
30.52
32.67
33.06
32.55
Tangible Book Value per Share
15.29
15.95
18.83
20.08
27.05
28.35
29.59
31.04
35.43
42.33
49.15
59.57
62.82
63.8
Basic Weighted Avg Shares
35
35
35
36
37
37
38
39
39
39
39
40
41
40
Sales/Revenue/Turnover
3,743
3,945
4,113
4,221
4,342
4,547
4,770
5,055
6,280
7,274
7,284
7,618
7,239
7,241
Operating Margin (%)
7.25
7.75
8.19
8.19
8.06
7.98
7.48
7.71
9.7
11.12
10.55
9.86
9.57
9.63
Depreciation Expense
18
18
19
20
22
22
25
26
28
32
35
41
44
44
Net Income, GAAP
128
151
173
183
208
243
246
270
419
601
536
536
497
496
Effective Tax Rate (%)
29.26
30.56
31.61
30.98
25.96
19.71
18.49
19.17
20.52
15.16
19.72
20.79
20.35
20.46
Profit Margin (%)
3.41
3.84
4.2
4.33
4.8
5.34
5.16
5.33
6.67
8.26
7.36
7.04
6.87
6.85
Working Capital
778
870
911
925
921
1,084
1,085
997
1,235
1,392
1,680
2,096
2,237
2,229
LT Debt
231
304
246
236
22
136
312
144
285
244
305
337
362
369
Total Equity
1,127
1,132
1,204
1,252
1,551
1,602
1,715
1,780
1,997
2,248
2,616
3,064
3,222
3,215
Return on Invested Capital (%)
14.23
15.2
15.96
16.24
16.93
17.59
15.16
15.4
22.2
27.42
21.81
18.22
15.3
15.31
Return on Capital (%)
8.26
10.44
12.3
12.82
16.86
19.85
16.94
17.48
25.64
30.46
23.3
20.95
18.33
18.42
Return on Common Equity (%)
40.43
37.78
36.11
33.62
35.08
38.42
37.75
41.09
58.16
65.56
47.53
42.5
37.37
38.33

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
117
117
118
LT Borrowings
- -
- -
- -
LT Finance Leases
341
362
369
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
41
41
41
Market Capitalization
16,297
13,737
14,698

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
3,116
2,955
3,181
Cash, Cash Equivalents & STI
524
733
593
Accounts Receivable, Net
942
796
839
Inventories
1,602
1,386
1,715
Total Current Liabilities
812
718
952
Payables & Accruals
695
601
834
ST Debt
117
117
118
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
10.54%
12.69%
5.15%
Free Cash Flow
18.54%
7.71%
-26.32%
Net Income, GAAP
12.79%
16.16%
-7.33%
Sales/Revenue/Turnover
6.09%
7.96%
-4.98%
Total Cash Common Dividend
17.24%
12.27%
11.86%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,565
2,139
2,160
1,754
7,618
2025
1,531
2,062
2,067
1,579
7,239
2026
1,533
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2.16
4.5
4.24
2.4
13.29
2025
1.98
4.53
3.98
1.77
12.25
2026
2.08
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2.4
2.7
2.7
2.7
10.5
2025
2.69
3
3
3
11.68
2026
3.21
- -
- -
- -
- -

Company Description

APIChat
CEO
Albert H. Nahmad
Full Time Employees
7,220
Sector
Industrials
Industry
Industrial - Distribution
Address
2665 South Bayshore Drive Miami FL United States of America 33133
IPO Date
Mar 17, 1980
CIK
0000105016
Website
watsco.com
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Business
Watsco, Inc. distributes air conditioning, heating, and refrigeration equipment and related parts and supplies in the HVAC/R replacement market; its core products encompass residential and commercial HVAC units including air conditioners, heat pumps, furnaces, condensing units, compressors, evaporators, valves, refrigerants, walk-in coolers, ice machines, and non-equipment items such as parts, ductwork, air movement products, insulation, tools, installation supplies, thermostats, and air quality products from manufacturers including Flexible Technologies, Resideo Technologies, Copeland Corporation, Chemours, Mueller Industries, and Welbilt. The company operates approximately 702 locations across the United States, Canada, Mexico, Puerto Rico, and exports to Latin America and the Caribbean, serving HVAC/R contractors, technicians, building owners, and emerging large enterprise customers. Founded in 1947 and headquartered in Miami, Florida, Watsco employs a decentralized model with over 7,300 employees and maintains a leading position in the fragmented North American HVAC/R distribution industry through its buy-and-build strategy. In 2025, Watsco completed three acquisitions adding 10 locations and $47 million in annualized sales in high-growth Sunbelt markets: Southern Ice Equipment Distributors in May, a leading food-service and commercial refrigeration distributor with seven locations across Louisiana, Mississippi, Arkansas, Texas, New Mexico, and Arizona; Hawkins HVAC Distributors in April with sites in Charlotte and Columbia, South Carolina; and Lashley & Associates in January, a Houston-based distributor of commercial supplies and custom air movement products. The company continues aggressive acquisition activity, having completed 72 deals since 1989 including 12 since 2019 representing $1.6 billion in annualized sales and 120 locations, while investing over $250 million in technology such as mobile apps, e-commerce platforms generating $2.5 billion or 34% of sales, AI initiatives, and Project WatscoOne launching in early 2026 for enterprise-wide solutions in sales, marketing, pricing, product assortment, and order management.