Watsco, Inc.

WSO.B Industrials Industrial Distribution

Watsco, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $7.2 billion, down 4.98% from fiscal 2024.

Revenue
+2.06%
EPS
−11.5%
Free cash flow
+17.6%
Total debt
−35.5%

Quarter to June 2026, against a year earlier

313.24 9.94 +3.28%
Market cap
$16.0B
P/E
27.2×
Fwd P/E
—
Dividend yield
—
F-score
6/9
Altman Z
9.65
Beneish M
−2.48
Dividend safety
56/100

Watsco, Inc. (WSO.B) Return on invested capital

Alert me on Return on invested capital

Watsco, Inc.'s return on invested capital over the twelve months to 30 June 2026 was 14.2%, down 3.8 percentage points from fiscal 2025 (18.0%). Over the past ten years it has ranged from 12.3% (fiscal 2019) to 23.0% (fiscal 2022); the current reading is higher than 64% of that period. That is above the Industrial Distribution industry median of 7.52% and above the Industrials sector median of 1.86%.

Return on invested capital, annual

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Annual newest first

Period Return on invested capital Change (points)
FY2025 18.0% (3.25)
FY2024 21.3% 0.85
FY2023 20.4% (2.60)
FY2022 23.0% 3.96
FY2021 19.1% 4.39
FY2020 14.7% 2.38
FY2019 12.3% (1.77)
FY2018 14.1% (0.77)
FY2017 14.8% (0.27)
FY2016 15.1% 0.21

Against its own ten years

Low 12.3% High 23.0%
Ten-year median 15.1%
Current reading's percentile 64

Return on invested capital against peers

Company Return on invested capital
AIT Applied Industrial Technologies, Inc. compare 17.2%
POOL Pool Corporation compare 15.7%
WSO Watsco, Inc. compare 14.6%
WSO.B Watsco, Inc. 14.2%
CNM Core & Main, Inc. compare 10.9%
MSM MSC Industrial Direct Company, Inc. compare 10.9%
WCC WESCO International, Inc. compare 8.56%
QXO QXO, Inc. compare −1.53%
XMTR Xometry, Inc. compare −3.44%
Industrial Distribution industry median 7.52%
Industrials sector median 1.86%
Market median 0.00%

What Return on invested capital is

Return on Invested Capital shows how much after-tax operating profit a company earns on the money its lenders and shareholders have put in.

TTM: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) (latest quarter) + Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter) − Cash & Short Term Investments (latest quarter)); Annual: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) + Long Term Debt (Total) + Current Part of Debt − Cash & Short Term Investments)

The full definition of Return on invested capital →

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