Watsco, Inc. (WSO.B)
NYSE: WSO.B · Real-Time Price · USD
309.28
-3.16 (-1.01%)
At close: Aug 19, 2026

Watsco Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
7,2847,2397,6187,2847,2746,280
Revenue Growth
-2.98%-4.98%4.59%0.13%15.83%24.24%
Gross Profit
2,0042,0302,0451,9922,0301,668
Operating Income
657.09694.14748.04771.42809.82609.47
Net Income
443.48464.18498.89499.37549.8381.67
Earnings Per Share
11.6712.2513.3013.6715.4110.78
EPS Growth
-11.03%-7.92%-2.70%-11.29%43.00%53.72%

Revenue by Geography

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
United States
6,6276,5576,8616,5416,5795,637
Canada
323.71338.11355.8374.66389.12386.78
Latin America and the Caribbean
332.79344.26401.87368.46306.33256.48
Revenue (Total)
7,2847,2397,6187,2847,2746,280

Cash & Debt

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
464.19733.28781.94210.11147.51118.27
Total Debt
535.27478.79447.46404.79390.53369.71
Net Cash (Debt)
-71.08254.5334.48-194.68-243.02-251.45
Net Cash Growth
--23.91%----
Net Cash Per Share
-1.876.718.92-5.33-6.81-7.10

Cash Flow & CapEx

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
733.26569.61773.1561.95571.96349.57
Capital Expenditures
-36.12-34.55-30.09-35.48-35.65-25.46
Free Cash Flow
697.14535.06743.01526.48536.31324.1
Free Cash Flow Growth
76.78%-27.99%41.13%-1.83%65.48%-37.43%

Margins

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
27.51%28.05%26.84%27.35%27.91%26.55%
Operating Margin
9.02%9.59%9.82%10.59%11.13%9.71%
Pretax Margin
9.67%10.19%10.54%10.84%11.40%9.99%
Profit Margin
6.09%6.41%6.55%6.86%7.56%6.08%
FCF Margin
9.57%7.39%9.75%7.23%7.37%5.16%

Dividends

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Dividend Per Share
13.20011.70010.5509.8008.5507.625
Dividend Per Share Growth
10.53%10.90%7.65%14.62%12.13%10.11%
Dividend Yield
4.27%3.54%2.08%2.50%3.76%2.85%

Valuation

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
27.1127.5636.4431.5116.0328.96
P/FCF Ratio
17.2523.9124.4729.8916.4434.10
PS Ratio
1.651.772.392.161.211.76