Watsco, Inc.

Watsco, Inc.

WSO
Watsco, Inc.US flagNew York Stock Exchange
314.22
USD
+3.32
- -
12.94BMarket Cap
Watsco, Inc.
WSO
(New York Stock Exchange)

Recent

price

314.22

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
87.66
90.22
99.41
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
178.76
Revenue per Share
2.49
2.74
2.99
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
11.68
Basic EPS, GAAP
4.71
1.86
5.02
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
Free Cash Flow per Basic Share
2.03
2.22
7.42
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
12.25
Dividend per Share
23.56
24.32
21.67
24.2
25.25
27.11
28.31
34.86
35.98
37.54
38.54
42.86
48.69
56.47
65.84
68.55
72.7
Book Value per Share
12.45
12.36
3.81
7.02
8.86
11.85
13.16
20.26
21.57
22.28
23.44
26.87
33.08
39.37
49.48
51.96
54.13
Tangible Book Value per Share
32
33
35
35
35
35
36
37
37
38
39
39
39
39
40
41
41
Basic Weighted Avg Shares
2,845
2,978
3,432
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
7,284
Sales/Revenue/Turnover
5.82
6.68
6.55
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
9.12
Operating Margin (%)
11
12
16
18
18
19
20
22
22
25
26
28
32
35
41
44
44
Depreciation Expense
81
90
103
128
151
173
183
208
243
246
270
419
601
536
536
497
476
Net Income, GAAP
31.07
29.21
28.44
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
20.42
Effective Tax Rate (%)
2.84
3.04
3.01
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
6.53
Profit Margin (%)
572
605
733
778
870
911
925
921
1,084
1,085
997
1,235
1,392
1,680
2,096
2,237
2,374
Working Capital
10
- -
316
231
304
246
236
22
136
312
144
285
244
305
337
362
416
LT Debt
929
1,002
1,022
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
3,473
Total Equity
12.36
14.37
13.64
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
13.75
Return on Invested Capital (%)
5.65
4.72
4.44
5.33
6.99
8.53
9
10.71
11.57
10.4
10.61
15.58
20
15.64
13.37
11.27
10.17
Return on Capital (%)
10.75
11.54
13.32
16.08
17.56
18.78
18.62
18.08
18.36
17.67
18.45
26.59
33.83
26.04
21.95
18.28
16.53
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
117
118
120
LT Borrowings
- -
- -
- -
LT Finance Leases
362
369
416
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
41
41
41
Market Capitalization
13,672
14,790
17,164

Working Capital

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
2,955
3,181
3,454
Cash, Cash Equivalents & STI
733
593
464
Accounts Receivable, Net
796
839
1,061
Inventories
1,386
1,715
1,890
Total Current Liabilities
718
952
1,080
Payables & Accruals
601
834
960
ST Debt
117
118
120
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
2,105
- -
- -
- -

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
1.94
3.97
- -
- -
- -

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
3.26
- -
- -
- -
Business
Watsco, Inc. Watsco, Inc. (NYSE: WSO) distributes air conditioning, heating, and refrigeration equipment and related parts and supplies throughout the United States, Canada, Mexico, Puerto Rico, and on an export basis to Latin America and the Caribbean. The company offers residential ducted and ductless air conditioners; gas, electric, and oil furnaces; commercial air conditioning and heating systems; refrigeration units including compressors, evaporators, walk-in coolers, and ice-making machines; parts such as motors, controls, and refrigerants; specialty products like air purification and ventilation systems; and value-added services including technical support, training programs, and e-commerce platforms. Watsco, Inc. operates through a decentralized network of over 700 locations, serving more than 375,000 contractors, technicians, and installers primarily in the replacement market driven by aging systems and energy efficiency demands. Founded in 1945 and headquartered in Miami, Florida, the company employs approximately 7,300 people and focuses on the HVAC/R distribution industry. In 2025, Watsco, Inc. completed strategic acquisitions including Southern Ice Equipment Distributors in May, adding seven locations across Sunbelt states for food-service and commercial refrigeration; Lashley & Associates in January, enhancing commercial supplies and air movement products in Houston; and Hawkins HVAC Distributors in April, expanding HVAC equipment distribution in North and South Carolina, collectively contributing 10 new locations and about $47 million in annualized sales.

Company News

  • Watsco to Present at the 14th Annual Morgan Stanley Laguna Conference on September 16, 2026 at 4:05 p.m. PDT

  • Baird Financial Group Inc. Cuts Stock Holdings in Watsco, Inc. $WSO

  • Watsco (WSO) Up 0.8% Since Last Earnings Report: Can It Continue?

  • Bank of Nova Scotia Takes $10.56 Million Position in Watsco, Inc. $WSO

  • Barbara Oil Co. Purchases New Holdings in Watsco, Inc. $WSO

  • Why Watsco (WSO) International Revenue Trends Deserve Your Attention

  • Watsco: Transient Headwinds, Good Long Term Opportunity

  • Watsco, Inc. $WSO Shares Sold by Amundi

  • 4 Industrial Dividend Growers That Fly Under the Radar and Look Like Buys in August

  • Watsco Q2 Earnings Call Highlights

  • Watsco (NYSE:WSO) Sets New 1-Year Low on Disappointing Earnings

  • Watsco Inc (WSO) Stock Down 12.9% -- Now Undervalued? GF Score: 87/100

  • Watsco, Inc. (WSO) Q2 2026 Earnings Call Transcript

  • Why Watsco Stock Crashed Today

  • Watsco (WSO) Q2 Earnings and Revenues Lag Estimates

  • Watsco Second Quarter Results Reflect Further Industry Stabilization, Strong E-Commerce Sales Growth and Continued Operating Efficiency

  • Delta Global Management LP Has $999,000 Stock Position in Watsco, Inc. $WSO

  • Watsco (WSO) Expected to Beat Earnings Estimates: Should You Buy?

  • Watsco Schedules Second Quarter Conference Call on Wednesday, July 29, 2026 at 10:00 a.m. (EDT)

  • Top 50 High-Quality Dividend Growth Stocks For July 2026