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
+2.06%
EPS
−11.5%
Free cash flow
+17.6%
Total debt
+815.5%

Quarter to June 2026, against a year earlier

303.56 0.56 +0.18%
Market cap
$12.6B
P/E
26.3×
Fwd P/E
26.4×
Dividend yield
4.26%
F-score
6/9
Altman Z
9.62
Beneish M
−2.48
Dividend safety
56/100

Watsco, Inc. (WSO) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2025: revenue by regions, and margins
UNITED STATES 6,557 90.57%
Latin America and Caribbean 344 4.76%
CANADA 338 4.67%
Gross margin 28.05%
Operating margin 9.95%
Pre-tax margin 10.19%

Revenue by region $m

Line FY2025 FY2024 FY2023 FY2017 FY2016 FY2015 FY2014 FY2013 FY2012 FY2011 FY2010
UNITED STATES 6,557 6,861 6,541 3,776 3,813 3,711 3,525 3,325 3,087 2,939 2,845
Latin America and Caribbean 344 402 368 — — — — — — — —
CANADA 338 356 375 270 267 264 300 318 240 — —
Latin America And The Caribbean — — — 297 — — — — — — —
Mexico — — — — 140 138 119 100 104 39 —
Revenue 7,239 7,618 7,284 4,342 4,221 4,113 3,945 3,743 3,432 2,978 2,845

As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.