Watsco, Inc. (WSO.B)
NYSE: WSO.B · Real-Time Price · USD
313.24
+9.94 (3.28%)
At close: Nov 5, 2026

Watsco Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
7,4377,2397,6187,2847,2746,280
Revenue Growth
0.30%-4.98%4.59%0.13%15.83%24.24%
Gross Profit
2,0212,0302,0451,9922,0301,668
Operating Income
646.66694.14748.04771.42809.82609.47
Net Income
438.67464.18498.89499.37549.8381.67
Earnings Per Share
11.4912.2513.3013.6715.4110.78
EPS Growth
-10.71%-7.92%-2.70%-11.29%43.00%53.72%

Revenue by Geography

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
United States
6,7696,5576,8616,5416,5795,637
Canada
322.16338.11355.8374.66389.12386.78
Latin America and the Caribbean
346.27344.26401.87368.46306.33256.48
Revenue (Total)
7,4377,2397,6187,2847,2746,280

Cash & Debt

Fiscal Year
CurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
648.7733.28781.94210.11147.51118.27
Total Debt
563.42478.79447.46404.79390.53369.71
Net Cash (Debt)
85.28254.5334.48-194.68-243.02-251.45
Net Cash Growth
27.59%-23.91%----
Net Cash Per Share
2.236.718.92-5.33-6.81-7.10

Cash Flow & CapEx

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
703.43569.61773.1561.95571.96349.57
Capital Expenditures
-36.98-34.55-30.09-35.48-35.65-25.46
Free Cash Flow
666.45535.06743.01526.48536.31324.1
Free Cash Flow Growth
28.79%-27.99%41.13%-1.83%65.48%-37.43%

Margins

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
27.18%28.05%26.84%27.35%27.91%26.55%
Operating Margin
8.70%9.59%9.82%10.59%11.13%9.71%
Pretax Margin
9.35%10.19%10.54%10.84%11.40%9.99%
Profit Margin
5.90%6.41%6.55%6.86%7.56%6.08%
FCF Margin
8.96%7.39%9.75%7.23%7.37%5.16%

Dividends

Fiscal Year
CurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingNov '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
10.26%10.90%7.65%14.62%12.13%10.11%
Dividend Yield
4.21%3.47%2.19%2.29%3.51%2.44%

Valuation

Fiscal Year
CurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingNov '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
27.2527.5636.4431.5116.0328.96
P/FCF Ratio
18.0923.9124.4729.8916.4434.10
PS Ratio
1.621.772.392.161.211.76