WATSCO, INC. (WSO)

310.76 -0.73% (-2.29)

Over 5Y: +28.9%

2026-08-28
200 300 400 500
2021 2022 2023 2024 2025 2026

Financials Quarterly

Q3 '23 — Revenue: 2.1B Q3 '23 — Operating Cash Flow: 352.5M Q3 '23 — Free Cash Flow: 342.9M Q3 '23 — Net Income: 171M Q4 '23 — Revenue: 1.6B Q4 '23 — Operating Cash Flow: 298.6M Q4 '23 — Free Cash Flow: 288.6M Q4 '23 — Net Income: 82.5M Q1 '24 — Revenue: 1.6B Q1 '24 — Operating Cash Flow: 103.7M Q1 '24 — Free Cash Flow: 97.9M Q1 '24 — Net Income: 87M Q2 '24 — Revenue: 2.1B Q2 '24 — Operating Cash Flow: 57.7M Q2 '24 — Free Cash Flow: 51.3M Q2 '24 — Net Income: 181.4M Q3 '24 — Revenue: 2.2B Q3 '24 — Operating Cash Flow: 232.8M Q3 '24 — Free Cash Flow: 223M Q3 '24 — Net Income: 171M Q4 '24 — Revenue: 1.8B Q4 '24 — Operating Cash Flow: 378.9M Q4 '24 — Free Cash Flow: 370.9M Q4 '24 — Net Income: 96.8M Q1 '25 — Revenue: 1.5B Q1 '25 — Operating Cash Flow: -177.6M Q1 '25 — Free Cash Flow: -185.2M Q1 '25 — Net Income: 80.1M Q2 '25 — Revenue: 2.1B Q2 '25 — Operating Cash Flow: -7.4M Q2 '25 — Free Cash Flow: -14.3M Q2 '25 — Net Income: 183.6M Q3 '25 — Revenue: 2.1B Q3 '25 — Operating Cash Flow: 354.9M Q3 '25 — Free Cash Flow: 346.1M Q3 '25 — Net Income: 161.6M Q4 '25 — Revenue: 1.6B Q4 '25 — Operating Cash Flow: 399.8M Q4 '25 — Free Cash Flow: 388.5M Q4 '25 — Net Income: 71.7M Q1 '26 — Revenue: 1.5B Q1 '26 — Operating Cash Flow: -18.9M Q1 '26 — Free Cash Flow: -25.9M Q1 '26 — Net Income: 79.1M Q2 '26 — Revenue: 2.1B Q2 '26 — Operating Cash Flow: -2.5M Q2 '26 — Free Cash Flow: -11.5M Q2 '26 — Net Income: 163.3M 0 500M 1B 1.5B 2B 2.5B
Q4 '23 Q2 '24 Q4 '24 Q2 '25 Q4 '25 Q2 '26
Revenue Operating Cash Flow Free Cash Flow Net Income

Figures as at 2026-06-30, reported in USD. The newest fact in the filings is dated 2026-06-30, 61 days ago. Nothing on this page is advice.

How it scores

Five questions, each answered by the measures under it. Every figure is the company's own; the bar beside it is where that figure sits among the companies read here — the top fifth, the bottom fifth, or somewhere between. Not among all listed companies, and for a valuation multiple the low end is the good end.

Quality

How much of the revenue is really kept — and what did it take to earn it?

4.4
SBC / sales 0.47%
OE margin 9.1%
ROIC 17.9%
Accruals -5.1%
ROA 9.4%
ROCE 17.1%
ROE 15.9%
FCF margin 9.6%
Gross margin 27.5%
OCF / EBIT 1.1×
OCF margin 10.1%

5 of 17 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Valuation

What does the price ask for what the company earns, owns and pays out?

0.5
Div. yield —
EV/EBIT —
EV/GP —
EV/OE —
EV/Sales —
FCF yield —
Fwd P/E —
P/B —
P/C —
P/E —
PEG —

0 of 12 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Durability

How predictable is the revenue, and how much of it is already committed?

7.2
RPO / sales —
RPO growth —
Segment HHI —

3 of 7 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Resilience

Can the balance sheet absorb a bad year?

9.3
Interest cover 982.6×
ND/EBITDA —
Debt / Eq 0.16×
Debt payback 0.034 yr
Net debt / Eq 0.008×
Cash / Debt 0.95×
Quick ratio 1.4×
F-score 5.0 pts
Payout 104.9%
Cash runway —

3 of 12 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Growth

Is the business getting bigger, and is it getting more profitable?

1.7
Sales/sh Y/Y -4.0%
Div. growth +11.9%
EPS CAGR 4Y +3.2%
EBIT CAGR -5.4%
EPS Y/Y -11.4%
Sales Q/Q +2.1%
EBIT Y/Y -11.1%
EPS next Y —

4 of 13 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

A measure absent from a block could not be computed from this company's filings. It is left out rather than scored as though it were bad, and the dimension is averaged over what remains. A score is measured against a fixed scale this model states; the bar is measured against the other companies, so the two can disagree — and where they do, that disagreement is the more interesting figure.