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

Watsco, Inc. (WSO) EV/EBITDA

Alert me on EV/EBITDA

As of 5 November 2026, Watsco, Inc. (WSO) trades at a EV/EBITDA of 15.6×. Over the past ten years it has ranged from 9.9× (October 2022) to 26.4× (November 2024); the current reading is higher than 53% of that period. That is above the Industrial Distribution industry median of 14.0× and above the Industrials sector median of 12.4×.

EV/EBITDA, daily

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Annual newest first

Period EV/EBITDA Change
FY2025 15.9× (23.37%)
FY2024 20.7× 13.34%
FY2023 18.3× 73.71%
FY2022 10.5× (37.64%)
FY2021 16.9× (8.43%)
FY2020 18.4× 12.92%
FY2019 16.3× 33.37%
FY2018 12.2× (16.55%)
FY2017 14.7× 6.74%
FY2016 13.8× 22.04%

Quarterly newest first

Period EV/EBITDA Change
Sep 2026 15.1× (29.14%)
Jun 2026 21.4× 22.11%
Mar 2026 17.5× 10.06%
Dec 2025 15.9× (14.88%)
43 more quarters

Against its own ten years

Low 9.9× High 26.4×
Ten-year median 15.4×
Current reading's percentile 53

EV/EBITDA against peers

Company EV/EBITDA
WCC WESCO International, Inc. compare 11.5×
CNM Core & Main, Inc. compare 11.6×
POOL Pool Corporation compare 14.0×
MSM MSC Industrial Direct Company, Inc. compare 15.6×
WSO Watsco, Inc. 15.6×
WSO.B Watsco, Inc. compare 15.9×
AIT Applied Industrial Technologies, Inc. compare 16.6×
QXO QXO, Inc. compare 35.2×
XMTR Xometry, Inc. compare 1,270×
Industrial Distribution industry median 14.0×
Industrials sector median 12.4×
Market median 10.9×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

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