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) Price to free cash flow

Alert me on Price to free cash flow

As of 5 November 2026, Watsco, Inc. (WSO) trades at a price to free cash flow of 17.8×. Over the past ten years it has ranged from 12.1× (June 2020) to 50.2× (June 2015); the current reading is higher than 15% of that period. That is in line with the Industrial Distribution industry median of 18.7× and below the Industrials sector median of 19.6×.

Price to free cash flow, daily

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Annual newest first

Period Price to free cash flow Change
FY2025 23.8× (0.14%)
FY2024 23.8× (17.63%)
FY2023 28.9× 71.49%
FY2022 16.9× (50.19%)
FY2021 33.9× 120.92%
FY2020 15.3× (21.53%)
FY2019 19.5× (37.12%)
FY2018 31.1× 60.99%
FY2017 19.3× (4.88%)
FY2016 20.3× 6.81%

Quarterly newest first

Period Price to free cash flow Change
Sep 2026 17.3× (24.02%)
Jun 2026 22.8× 14.84%
Mar 2026 19.9× (16.57%)
Dec 2025 23.8× (19.45%)
43 more quarters

Against its own ten years

Low 12.1× High 50.2×
Ten-year median 23.4×
Current reading's percentile 15

Price to free cash flow against peers

Company Price to free cash flow
XMTR Xometry, Inc. compare n/m
CNM Core & Main, Inc. compare 13.9×
WSO.B Watsco, Inc. compare 17.1×
POOL Pool Corporation compare 17.5×
WSO Watsco, Inc. 17.8×
AIT Applied Industrial Technologies, Inc. compare 24.5×
MSM MSC Industrial Direct Company, Inc. compare 27.3×
WCC WESCO International, Inc. compare 33.9×
QXO QXO, Inc. compare 63.7×
Industrial Distribution industry median 18.7×
Industrials sector median 19.6×
Market median 14.1×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

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