Watsco, Inc. (WSO.B)
NYSE: WSO.B · Real-Time Price · USD
309.28
-3.16 (-1.01%)
At close: Aug 19, 2026
Watsco Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
| 7,284 | 7,239 | 7,618 | 7,284 | 7,274 | 6,280 | |
Revenue Growth | -2.98% | -4.98% | 4.59% | 0.13% | 15.83% | 24.24% |
Cost of Revenue | 5,280 | 5,209 | 5,574 | 5,292 | 5,244 | 4,613 |
Gross Profit | 2,004 | 2,030 | 2,045 | 1,992 | 2,030 | 1,668 |
Selling, General & Admin | 1,303 | 1,293 | 1,256 | 1,186 | 1,189 | 1,030 |
Amortization of Goodwill & Intangibles | 5.35 | 5.35 | 5.43 | 4.32 | 4.71 | 5.56 |
Operating Expenses | 1,347 | 1,336 | 1,297 | 1,221 | 1,220 | 1,058 |
Operating Income | 657.09 | 694.14 | 748.04 | 771.42 | 809.82 | 609.47 |
Interest Expense | - | - | - | -4.92 | -2.17 | -1 |
Interest & Investment Income | 19.54 | 17.33 | 20.87 | - | - | - |
Earnings From Equity Investments | 29.15 | 27.77 | 30.5 | 26.18 | 22.67 | 19.3 |
Currency Exchange Gain (Loss) | -1.39 | -1.56 | 3.23 | -2.79 | -0.92 | -0.24 |
Pretax Income | 704.39 | 737.68 | 802.64 | 789.89 | 829.41 | 627.53 |
Income Tax Expense | 143.86 | 150.09 | 166.9 | 155.75 | 125.72 | 128.8 |
Earnings From Continuing Operations | 560.52 | 587.59 | 635.74 | 634.14 | 703.7 | 498.74 |
Minority Interest in Earnings | -84.79 | -90.59 | -99.45 | -97.8 | -102.53 | -79.79 |
Net Income | 475.73 | 496.99 | 536.29 | 536.34 | 601.17 | 418.95 |
Preferred Dividends & Other Adjustments | 32.25 | 32.81 | 37.39 | 36.97 | 51.37 | 37.27 |
Net Income to Common | 443.48 | 464.18 | 498.89 | 499.37 | 549.8 | 381.67 |
Net Income Growth | -10.51% | -6.96% | -0.10% | -9.17% | 44.05% | 54.87% |
Shares Outstanding (Basic) | 38 | 38 | 37 | 36 | 36 | 35 |
Shares Outstanding (Diluted) | 38 | 38 | 38 | 37 | 36 | 35 |
Shares Change | 0.55% | 1.04% | 2.68% | 2.38% | 0.73% | 0.78% |
EPS (Basic) | 11.68 | 12.27 | 13.34 | 13.72 | 15.46 | 10.83 |
EPS (Diluted) | 11.67 | 12.25 | 13.30 | 13.67 | 15.41 | 10.78 |
EPS Growth | -11.03% | -7.92% | -2.70% | -11.29% | 43.00% | 53.72% |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | 697.14 | 535.06 | 743.01 | 526.48 | 536.31 | 324.1 |
Free Cash Flow Per Share | 18.34 | 14.12 | 19.81 | 14.41 | 15.03 | 9.15 |
Dividend Per Share | 12.300 | 11.700 | 10.550 | 9.800 | 8.550 | 7.625 |
Dividend Growth | 10.81% | 10.90% | 7.65% | 14.62% | 12.13% | 10.11% |
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% |
Profit Margin | 6.09% | 6.41% | 6.55% | 6.86% | 7.56% | 6.08% |
Free Cash Flow Margin | 9.57% | 7.39% | 9.75% | 7.23% | 7.37% | 5.16% |
EBITDA | 701.1 | 737.89 | 788.86 | 806.51 | 841.51 | 637.59 |
EBITDA Margin | 9.63% | 10.19% | 10.36% | 11.07% | 11.57% | 10.15% |
D&A For EBITDA | 44.01 | 43.75 | 40.82 | 35.09 | 31.68 | 28.13 |
EBIT | 657.09 | 694.14 | 748.04 | 771.42 | 809.82 | 609.47 |
EBIT Margin | 9.02% | 9.59% | 9.82% | 10.59% | 11.13% | 9.71% |
Effective Tax Rate | 20.42% | 20.35% | 20.79% | 19.72% | 15.16% | 20.52% |
Advertising Expenses | - | 24.09 | 25.34 | 28.24 | 25.88 | 21.55 |