Watsco, Inc. (FRA:WC30)

Watsco Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	7,414	7,618	7,284	7,274	6,280	5,055
Revenue Growth (YoY)	-0.71%	4.59%	0.13%	15.83%	24.24%	5.96%
Cost of Revenue	5,344	5,574	5,292	5,244	4,613	3,832
Gross Profit	2,070	2,045	1,992	2,030	1,668	1,223
Selling, General & Admin	1,302	1,256	1,186	1,189	1,030	806.65
Amortization of Goodwill & Intangibles	5.43	5.43	4.32	4.71	5.56	5.95
Operating Expenses	1,343	1,297	1,221	1,220	1,058	832.56
Operating Income	727.32	748.04	771.42	809.82	609.47	390.26
Interest Expense	-	-	-4.92	-2.17	-1	-1.24
Interest & Investment Income	18.19	20.87	-	-	-	-
Earnings From Equity Investments	28.62	30.5	26.18	22.67	19.3	11.26
Currency Exchange Gain (Loss)	-0.94	3.23	-2.79	-0.92	-0.24	-0.49
Pretax Income	773.2	802.64	789.89	829.41	627.53	399.8
Income Tax Expense	157.48	166.9	155.75	125.72	128.8	76.62
Earnings From Continuing Operations	615.72	635.74	634.14	703.7	498.74	323.17
Minority Interest in Earnings	-93.63	-99.45	-97.8	-102.53	-79.79	-53.59
Net Income	522.09	536.29	536.34	601.17	418.95	269.58
Preferred Dividends & Other Adjustments	34.8	37.39	36.97	51.37	37.27	23.14
Net Income to Common	487.29	498.89	499.37	549.8	381.67	246.44
Net Income Growth	0.02%	-0.01%	-10.78%	43.49%	55.41%	9.61%
Shares Outstanding (Basic)	38	37	36	36	35	35
Shares Outstanding (Diluted)	38	38	37	36	35	35
Shares Change (YoY)	1.54%	2.68%	2.38%	0.73%	0.78%	1.37%
EPS (Basic)	12.90	13.34	13.72	15.46	10.83	7.03
EPS (Diluted)	12.87	13.30	13.67	15.41	10.78	7.01
EPS Growth	-1.17%	-2.70%	-11.29%	43.00%	53.72%	7.78%
Free Cash Flow	517.46	743.01	526.48	536.31	324.1	517.94
Free Cash Flow Per Share	13.67	19.81	14.41	15.03	9.15	14.73
Dividend Per Share	11.400	10.550	9.800	8.550	7.625	6.925
Dividend Growth	10.68%	7.65%	14.62%	12.13%	10.11%	8.20%
Gross Margin	27.92%	26.84%	27.35%	27.91%	26.55%	24.19%
Operating Margin	9.81%	9.82%	10.59%	11.13%	9.71%	7.72%
Profit Margin	6.57%	6.55%	6.86%	7.56%	6.08%	4.88%
Free Cash Flow Margin	6.98%	9.75%	7.23%	7.37%	5.16%	10.25%
EBITDA	770.49	788.86	806.51	841.51	637.59	416.17
EBITDA Margin	10.39%	10.36%	11.07%	11.57%	10.15%	8.23%
D&A For EBITDA	43.17	40.82	35.09	31.68	28.13	25.91
EBIT	727.32	748.04	771.42	809.82	609.47	390.26
EBIT Margin	9.81%	9.82%	10.59%	11.13%	9.71%	7.72%
Effective Tax Rate	20.37%	20.79%	19.72%	15.16%	20.52%	19.17%
Advertising Expenses	-	25.34	28.24	25.88	21.55	12.59

Source: S&P Global Market Intelligence. Standard template. Financial Sources.