◆ TICKERBASE · GLOBAL STOCK FINANCIAL DATA LIBRARY

Home › All stocks › W › WSO

Watsco Inc (WSO) Financial History

20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

INDUSTRIALS · INDUSTRIAL DISTRIBUTION · DATA UPDATED 2026-09-19

Watsco Inc (WSO) operates in the INDUSTRIAL DISTRIBUTION industry and is headquartered in Miami, United States with about 6,950 employees. Its market capitalization is roughly $13 billion. In the fiscal year ended 2025-12-31, WSO reported $7.2B in revenue and $497M in net income.

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.

Interactive charts & full statements → Open the WSO valuation workbench →

WSO Revenue & Earnings History — Annual Income Statement

Income statement	TTM → 2026-06-30	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Total Revenue	$7.3B	$7.2B	$7.6B	$7.3B	$7.3B	$6.3B	$5.1B	$4.8B	$4.5B	$4.3B	$4.2B	$4.1B	$3.9B	$3.7B	$3.4B	$3.0B	$2.8B	$2.0B	$1.7B	$1.8B	$1.8B
Gross Profit	$2.0B	$2.0B	$2.0B	$2.0B	$2.0B	$1.7B	$1.2B	$1.2B	$1.1B	$1.1B	$1.0B	$1.0B	$956M	$899M	$814M	$728M	$673M	$481M	$442M	$447M	$457M
Gross Margin %	27.9%	28.1%	26.8%	27.4%	27.9%	26.6%	24.2%	24.2%	24.6%	24.5%	24.5%	24.5%	24.2%	24.0%	23.7%	24.5%	23.7%	24.0%	26.0%	25.4%	25.4%
Operating Income (EBIT)	$679M	$693M	$782M	$795M	$832M	$629M	$401M	$367M	$372M	$354M	$346M	$337M	$306M	$271M	$225M	$199M	$166M	$81M	$99M	$111M	$135M
Operating Margin %	9.3%	9.6%	10.3%	10.9%	11.4%	10.0%	7.9%	7.7%	8.2%	8.2%	8.2%	8.2%	7.8%	7.2%	6.6%	6.7%	5.8%	4.0%	5.8%	6.3%	7.5%
Net Income	$476M	$497M	$536M	$536M	$601M	$419M	$270M	$246M	$243M	$208M	$183M	$173M	$151M	$128M	$103M	$90M	$81M	$43M	$60M	$66M	$82M
Net Margin %	6.5%	6.9%	7.0%	7.4%	8.3%	6.7%	5.3%	5.2%	5.3%	4.8%	4.3%	4.2%	3.8%	3.4%	3.0%	3.0%	2.8%	2.2%	3.5%	3.7%	4.6%
EBITDA	—	$781M	$792M	$804M	$863M	$657M	$427M	$391M	$394M	$376M	$366M	$356M	$324M	$289M	$241M	$211M	$176M	$90M	$106M	$118M	$141M
Earnings Per Share (EPS)	$11.94	$13.11	$14.30	$14.68	$16.85	$11.83	$7.67	$7.09	$6.48	$5.59	$5.15	$4.90	$4.32	$3.68	$2.99	$2.74	$2.49	$1.52	$2.18	$2.36	$2.96
Shares Outstanding (M)	—	38M	38M	37M	36M	35M	35M	35M	37M	37M	36M	35M	35M	35M	35M	33M	32M	29M	28M	28M	28M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

WSO Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30
Total Revenue	$2.1B	$1.5B	$1.6B	$2.1B	$2.1B	$1.5B	$1.8B	$2.2B	$2.1B
Gross Profit	$579M	$428M	$428M	$595M	$603M	$430M	$468M	$566M	$580M
Gross Margin %	27.5%	27.9%	27.1%	28.8%	29.3%	28.1%	26.7%	26.2%	27.1%
Operating Income (EBIT)	$238M	$110M	$96M	$235M	$272M	$112M	$136M	$250M	$269M
Operating Margin %	11.3%	7.2%	6.1%	11.4%	13.2%	7.3%	7.8%	11.6%	12.6%
Net Income	$163M	$79M	$72M	$162M	$184M	$80M	$97M	$171M	$181M
Net Margin %	7.7%	5.2%	4.5%	7.8%	8.9%	5.2%	5.5%	7.9%	8.5%
EBITDA	—	$128M	$118M	$249M	$285M	$118M	$140M	$250M	$284M
Earnings Per Share (EPS)	$3.71	$2.08	$1.89	$4.26	$4.85	$2.12	$2.57	$4.54	$4.82
Shares Outstanding (M)	—	38M	38M	38M	38M	38M	38M	38M	38M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

WSO Free Cash Flow History

Cash flow	TTM → 2026-06-30	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Cash from Operations (CFO)	$734M	$570M	$773M	$562M	$572M	$350M	$534M	$336M	$171M	$302M	$278M	$221M	$145M	$150M	$173M	$61M	$153M	$88M	$113M	$108M	$69M
Capital Expenditures (CapEx)	$36M	$35M	$30M	$35M	$34M	$24M	$16M	$16M	$17M	$18M	$44M	$24M	$22M	$15M	$12M	$14M	$8M	$6M	$4M	$6M	$10M
Free Cash Flow (FCF)	$697M	$535M	$743M	$526M	$538M	$325M	$518M	$319M	$153M	$284M	$234M	$198M	$123M	$136M	$161M	$48M	$144M	$82M	$110M	$102M	$59M
FCF Margin %	9.6%	7.4%	9.8%	7.2%	7.4%	5.2%	10.2%	6.7%	3.4%	6.5%	5.5%	4.8%	3.1%	3.6%	4.7%	1.6%	5.1%	4.1%	6.4%	5.8%	3.3%
Dividends Paid	—	$474M	$424M	$383M	$332M	$295M	$266M	$241M	$209M	$164M	$128M	$99M	$70M	$40M	$256M	$73M	$66M	$57M	$49M	$37M	$26M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

WSO Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30
Cash from Operations (CFO)	($2M)	($19M)	$400M	$355M	($7M)	($178M)	$379M	$233M	$58M
Capital Expenditures (CapEx)	$9M	$7M	$11M	$9M	$7M	$8M	$8M	$10M	$6M
Free Cash Flow (FCF)	($12M)	($26M)	$389M	$346M	($14M)	($185M)	$371M	$223M	$51M
FCF Margin %	-0.6%	-1.7%	24.6%	16.8%	-0.7%	-12.1%	21.1%	10.3%	2.4%
Dividends Paid	—	$122M	$122M	$122M	$121M	$109M	$109M	$109M	$109M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

WSO Balance Sheet History

Balance sheet	2026-06-30	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Total Assets	$5.1B	$4.5B	$4.5B	$3.7B	$3.5B	$3.1B	$2.5B	$2.6B	$2.2B	$2.0B	$1.9B	$1.8B	$1.8B	$1.7B	$1.7B	$1.3B	$1.2B	$1.2B	$716M	$748M	$711M
Cash & Cash Equivalents	$364M	$433M	$526M	$210M	$148M	$118M	$146M	$74M	$83M	$80M	$56M	$35M	$24M	$19M	$74M	$16M	$126M	$58M	$41M	$9M	$34M
Total Liabilities	$1.6B	$1.2B	$1.5B	$1.1B	$1.2B	$1.1B	$717M	$841M	$559M	$496M	$623M	$585M	$659M	$542M	$660M	$266M	$328M	$266M	$145M	$198M	$195M
Total Debt (Short + Long-Term)	—	$117M	$110M	$216M	$391M	$370M	$216M	$381M	$136M	$22M	$236M	$246M	$304M	$231M	$316M	$20M	$10M	$14M	$21M	$55M	$40M
Total Shareholders' Equity	$3.0B	$2.8B	$2.7B	$2.2B	$2.2B	$2.0B	$1.8B	$1.7B	$1.6B	$1.6B	$1.3B	$1.2B	$884M	$1.1B	$1.0B	$803M	$910M	$738M	$571M	$550M	$516M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive WSO viewer.

WSO Metric Deep Dives

Other Companies in INDUSTRIAL DISTRIBUTION

FERG · Ferguson Plc — $41 billion
WCC · WESCO International Inc — $17 billion
WSO.B · Watsco Inc — $13 billion
AIT · Applied Industrial Technologies — $12 billion
QXO · QXO, Inc. — $12 billion
CNM · Core & Main Inc — $8 billion
MSM · MSC Industrial Direct Company Inc — $7 billion
POOL · Pool Corporation — $6 billion

This page in other languages: עברית · Русский · Español · Português · 中文 · العربية · Français · Italiano · 日本語 · Deutsch · فارسی · हिन्दी

← WSML All “W” companies WSO.B →

About TickerBase · Data methodology & sources · Privacy · Terms

TickerBase is provided for educational and informational purposes only. It does not constitute financial, investment, tax, or legal advice, or a recommendation to buy, sell, or hold any security. No price targets are published; any per-share value shown in the valuation workbench is generated entirely from reader-supplied assumptions and is not the publisher's view of fair value. Past performance does not predict future results. Figures are approximate and drawn from public filings; one-time items are noted where identified. Do your own research and consult a licensed professional before making any investment decision. The author may or may not hold positions in the securities discussed.