Watsco, Inc.
Rank #138ValueWSO · NYSE · Industrials
Watsco, Inc. (WSO) — Rank #138 by gross profitability (GP/assets 0.40) · ROE 16.6% · Piotroski F-Score N/A.
As-of 2026-09-15 · CIK 0000105016 · all metrics point-in-time as of the filing date.
About
Watsco, Inc., together with its subsidiaries, engages in the distribution of air conditioning, heating, and refrigeration equipment, and related parts and supplies in the United States, Canada, Latin America, and the Caribbean.
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It distributes equipment, including residential ducted and ductless air conditioners, such as gas, electric, and oil furnaces; commercial air conditioning and heating equipment systems; and other specialized equipment. The company also offers parts comprising replacement compressors, evaporator coils, motors, and other component parts; and supplies, such as thermostats, insulation materials, refrigerants, ductworks, grills, registers, sheet metals, tools, copper tubing, concrete pads, tapes, adhesives, and other ancillary supplies, as well as plumbing and bathroom remodeling supplies. It serves contractors and dealers that service the replacement and new construction markets for residential and light commercial central air conditioning, heating, and refrigeration systems. Watsco, Inc.
was incorporated in 1956 and is headquartered in Miami, Florida.
- Industry
- Industrial Distribution
- Sector
- Industrials
- State
- FL
- Filer Category
- Large accelerated filer
- Fiscal Year End
- December 31
- Website
- watsco.com
Financials
Stable
Direction over 5 fiscal years
- Free cash flowimproving
- Gross marginstable
- Gross profitabilitydeteriorating
- Net cashimproving
- Operating marginstable
- Return on equitydeteriorating
- Share count (dilution)n/a
Monitoring diagnostic of business direction — not a prediction of returns.
Each fiscal year is read as-of that year’s own 10-K filing, so nothing restated after the fact leaks backwards. Line items this filer never tagged are omitted. Hover or tap a badge for the diagnostic behind it.
| Fiscal year end | 2025-12-31filed 2026-02-27 | 2024-12-31filed 2025-02-28 | 2023-12-31filed 2024-02-23 | 2022-12-31filed 2023-02-24 |
|---|---|---|---|---|
| Income statement | ||||
| Revenue | 7,239.3 | 7,618.3 | 7,283.8 | 7,274.3 |
| Revenue growth (YoY) | -5.0% | 4.6% | 0.1% | 15.8% |
| Gross profit | 2,030.5 | 2,044.7 | 1,992.1 | 2,030.3 |
| Gross margin | 28.0% | 26.8% | 27.4% | 27.9% |
| Net income | 497.0 | 536.3 | 536.3 | 601.2 |
| Net margin | 6.9% | 7.0% | 7.4% | 8.3% |
| EPS (diluted) | $12.25 | $13.30 | $13.67 | $15.41 |
| EPS growth (YoY) | -7.9% | -2.7% | -11.3% | — |
| Cash flow | ||||
| Operating cash flow | 569.6 | 773.1 | 562.0 | 572.0 |
| Capital expenditures | 34.6 | 30.1 | 35.5 | 35.7 |
| Free cash flow | 535.1 | 743.0 | 526.5 | 536.3 |
Figures are as originally filed with the SEC (point-in-time), not restated, so they can differ slightly from sites that show later-restated numbers. Why point-in-time?