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Friday 6 November 2026 Export WSO’s income statement to Excel — free account

Watsco, Inc.

WSO 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
+7.42%
EPS
−11.5%
Free cash flow
−8.87%
Total debt
+815.5%

Quarter to September 2026, against a year earlier

311.78 7.74 −2.42%
Market cap
$13.0B
P/E
27.0×
Fwd P/E
26.4×
Dividend yield
4.14%
F-score
6/9
Altman Z
9.62
Beneish M
−2.48
Dividend safety
56/100
Overview Business Profile Earnings & Analysis
Financials
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Watsco, Inc. (WSO) Debt to equity

Alert me on Debt to equity

Watsco, Inc.'s debt to equity at the end of the quarter to 30 September 2026 was 0.0×, down 0.0× from fiscal 2025 (0.0×). Over the past ten years it has ranged from 0.0× (fiscal 2025) to 0.2× (fiscal 2015) — the current reading is the lowest in ten years. That is below the Industrial Distribution industry median of 0.4× and below the Industrials sector median of 0.3×.

Debt to equity, annual

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Annual newest first

Period Debt to equity Change
FY2025 0.0× (33.33%)
FY2024 0.0× (51.89%)
FY2023 0.0× (84.94%)
FY2022 0.1× (23.06%)
FY2021 0.1× 112.79%
FY2020 0.0× (67.55%)
FY2019 0.1× 56.07%
FY2018 0.1× 489.58%
FY2017 0.0× (92.36%)
FY2016 0.2× (7.83%)

Quarterly newest first

Period Debt to equity Change
Sep 2026 0.0× —
Jun 2026 0.0× (6.55%)
Mar 2026 0.0× (0.25%)
Dec 2025 0.0× 947.37%
43 more quarters

Against its own ten years

Low 0.0× High 0.2×
Ten-year median 0.1×
Current reading's percentile 9

Debt to equity against peers

Company Debt to equity
WSO Watsco, Inc. 0.0×
WSO.B Watsco, Inc. compare 0.0×
AIT Applied Industrial Technologies, Inc. compare 0.1×
MSM MSC Industrial Direct Company, Inc. compare 0.3×
XMTR Xometry, Inc. compare 0.4×
QXO QXO, Inc. compare 0.6×
POOL Pool Corporation compare 1.0×
WCC WESCO International, Inc. compare 1.1×
CNM Core & Main, Inc. compare 1.2×
Industrial Distribution industry median 0.4×
Industrials sector median 0.3×
Market median 0.1×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

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