Companies / WSO Watsco Inc (WSO)
Watsco, Inc., together with its subsidiaries, engages in the distribution of air conditioning, heating, and refrigeration equipment, and related parts and supplies in the United States, Canada, Latin America, and the Caribbean. It distributes equipment, including residential ducted and ductless air conditioners, such as gas, electric, and oil furnaces; commercial air conditioning and heating equipment systems; and other specialized equipment. The company also offers parts comprising replacement compressors, evaporator coils, motors, and other component parts; and supplies, such as thermostats, insulation materials, refrigerants, ductworks, grills, registers, sheet metals, tools, copper tubing, concrete pads, tapes, adhesives, and other ancillary supplies, as well as plumbing and bathroom remodeling supplies. It serves contractors and dealers that service the replacement and new construction markets for residential and light commercial central air conditioning, heating, and refrigeration systems. Watsco, Inc. was incorporated in 1956 and is headquartered in Miami, Florida.
Ticker WSO Exchange NYSE Sector Industrials Industry Industrial Distribution Market cap $12.58B 52-week range $277.34 - $459.00 Valuation Share price $304.34 (close of Nov 6, 2026) P/E (TTM) 26.53x Price to book 3.56x Price to free cash flow 18.88x Enterprise value $12.49B Book value per share $85.50 Price performance Period Change 1 day -2.19% 5 days +0.26% 1 month +4.65% 3 months -5.20% 6 months -29.56% Year to date -9.68% 1 year -13.33% 3 years -16.93% 5 years +3.09% 10 years +126.11% All time +14,280.07%
Short interest As of Oct 15, 2026 Short % of float 13.91% Shares short 4.70M Days to cover 8.74 Change since prior report +12.49% Source FINRA consolidated short interest Profitability and growth Return on equity 15.42% Return on invested capital 15.41% Return on assets 11.26% Return on capital employed 19.48% Gross margin 28.05% Net margin 6.87% EBITDA margin 10.55% Revenue growth -4.98% Net income growth -7.33% Free cash flow growth -27.99% Cash flow and balance sheet Free cash flow yield (TTM) 5.30% Current ratio 3.15x Net debt to EBITDA -0.13x Latest reported year Period end Dec 31, 2025 Fiscal year 2025 Revenue $7.24B Cost of revenue $5.21B Gross profit $2.03B EBITDA $764.10M Net income $496.99M Earnings per share $12.27 Shares outstanding 37.84M Income statement by year Period end Revenue Gross profit Net income EPS 2025-12-31 $7.24B $2.03B $496.99M $12.27 2024-12-31 $7.62B $2.04B $536.29M $13.34 2023-12-31 $7.28B $1.99B $536.34M $13.72 2022-12-31 $7.27B $2.03B $601.17M $15.46 2021-12-31 $6.28B $1.67B $418.94M $10.83 2020-12-31 $5.05B $1.22B $269.58M $7.03 2019-12-31 $4.77B $1.16B $245.95M $6.51 2018-12-31 $4.55B $1.12B $242.93M $6.50 2017-12-31 $4.34B $1.07B $208.22M $5.81 2016-12-31 $4.22B $1.03B $182.81M $5.16
Margins and returns by year Period end Gross margin Net margin Return on equity Return on capital 2025-12-31 28.05% 6.87% 15.42% 15.41% 2024-12-31 26.84% 7.04% 17.50% 17.51% 2023-12-31 27.35% 7.36% 20.50% 21.15% 2022-12-31 27.91% 8.26% 26.74% 26.75% 2021-12-31 26.55% 6.67% 20.97% 18.96% 2020-12-31 24.19% 5.33% 15.15% 16.25% 2019-12-31 24.25% 5.16% 14.34% 12.93% 2018-12-31 24.64% 5.34% 15.17% 17.22% 2017-12-31 24.54% 4.80% 13.43% 16.76% 2016-12-31 24.51% 4.33% 14.60% 16.11%
Cash and debt by year Period end Cash Debt 2025-12-31 $733.28M $361.63M 2024-12-31 $781.94M $337.19M 2023-12-31 $210.11M $304.53M 2022-12-31 $147.50M $243.53M 2021-12-31 $118.27M $285.21M 2020-12-31 $146.07M $144.34M 2019-12-31 $74.45M $311.98M 2018-12-31 $82.89M $135.75M 2017-12-31 $80.50M $22.09M 2016-12-31 $56.01M $235.64M
Free cash flow by year Period end Free cash flow Stock-based compensation 2025-12-31 $535.06M $35.34M 2024-12-31 $743.01M $35.02M 2023-12-31 $526.48M $30.00M 2022-12-31 $536.31M $28.82M 2021-12-31 $324.10M $25.36M 2020-12-31 $517.94M $22.13M 2019-12-31 $317.97M $17.03M 2018-12-31 $153.40M $15.51M 2017-12-31 $288.64M $13.29M 2016-12-31 $238.15M $12.32M
Dividend history Most recent payment Oct 16, 2026 Paid in the last twelve months $12.90 Payment date Dividend per share 2026-10-16 $3.30 2026-07-16 $3.30 2026-04-16 $3.30 2026-01-16 $3.00 2025-10-16 $3.00 2025-07-16 $3.00 2025-04-15 $3.00 2025-01-17 $2.70
Investor relations Past earnings dates Reported Fiscal period EPS estimate 2026-10-27 Sep 2026 $4.13 2026-07-29 Jun 2026 $4.38 2026-04-28 Mar 2026 $1.73 2026-02-17 Dec 2025 $1.94 2025-10-29 Sep 2025 $4.21 2025-07-30 Jun 2025 $4.84 2025-04-23 Mar 2025 $2.29 2025-02-18 Dec 2024 $2.13
Filings and sources Company website watsco.com SEC filings 10-K, 10-Q and 8-K on EDGAR Earnings calendar All upcoming reports Similar companies W.W. Grainger, Inc. (GWW) · Fastenal Co (FAST) · Ferguson Enterprises Inc. (FERG) · Pool Corp (POOL) · Union Pacific Corp (UNP) · CSX Corp (CSX) · Norfolk Southern Corp (NSC) · Westinghouse Air Brake Technologies Corp (WAB)
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