Sunday 11 October 2026 Export all WSO data to Excel Powerpack

Watsco, Inc.

Watsco, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $7.2 billion, down 4.98% from fiscal 2024. In the quarter to June 2026, revenue grew 2.06%, EPS fell 11.5%, free cash flow grew 17.6% and total debt rose 815.5%, each against the same quarter a year earlier. Dividend growth for ten consecutive years.

279.90 2.33 −0.83%

Follow WSO

Alert me

Market cap: $11.6B
P/E: 24.4×
Fwd P/E: 28.8×
Dividend yield: 5.65%
F-score: 6/9
Altman Z: 9.62
Beneish M: −2.48
Dividend safety: 56/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 7.11%

Capital & Financial Ratios $m

Market Cap 11,640.00

Revenue 7,283.63

Net Income 560.52

Free Cash Flow 697.31

Net Debt (335.40)

Current Ratio 3.20

Debt/Equity 0.04

P/E ratio 24.41

Fwd P/E 28.80

P/S ratio 1.47

P/B ratio 3.09

Past 5Y EPS Growth 11.81%

This Y EPS Growth (1.41%)

Next Y EPS Growth 9.54%

Next Y revenue growth 4.33%

Next 5Y EPS Growth 5.54%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 19.76%

10-year low 10-year high

P/S against its own 10 years 49.78%

10-year low 10-year high

P/B against its own 10 years 3.73%

10-year low 10-year high

EV/Sales against its own 10 years 46.38%

10-year low 10-year high

EV/FCF against its own 10 years 1.29%

10-year low 10-year high

Dividends

Payout Ratio 1.38

Annual Dividend Rate 15.90

Annual Dividend Yield 5.65%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	12.90	3.00 3.30 3.30 3.30
2025	11.70	2.70 3.00 3.00 3.00
2024	10.55	2.45 2.70 2.70 2.70
2023	9.80	2.45 2.45 2.45 2.45
2022	8.55	1.95 2.20 2.20 2.20
2021	7.63	1.78 1.95 1.95 1.95
2020	6.93	1.60 1.78 1.78 1.78
2019	6.40	1.60 1.60 1.60 1.60
2018	5.60	1.25 1.45 1.45 1.45
2017	4.60	1.05 1.05 1.25 1.25
2016	3.60	0.85 0.85 0.85 1.05

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	210	782	733	464
Receivables	798	878	796	1,061
Inventory	1,347	1,385	1,386	1,890
Other	37	35	39	39
	2,392	3,080	2,955	3,454

	2023	2024	2025	Q'26
Payables	369	491	350	660
ST’ Debt	—	—	—	120
Other	—	—	—	—
	712	984	718	1,080

Compound Annual Growth %

	10y	5y	3y
Sales	5.82%	7.45%	(0.16%)
Cash Flow	9.84%	1.29%	(0.14%)
Earnings	12.05%	15.06%	(3.31%)
Book Value	10.35%	12.60%	12.74%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	1,533	2,105	—	—	—
’25	1,531	2,062	2,067	1,579	7,239
’24	1,565	2,139	2,160	1,754	7,618
’23	1,551	2,003	2,127	1,603	7,284
’22	1,524	2,134	2,036	1,581	7,274
’21	1,136	1,850	1,783	1,512	6,280
’20	1,008	1,355	1,537	1,155	5,055

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(19)	(3)	—	—	—
’25	(178)	(7)	355	400	570
’24	104	58	233	379	773
’23	(47)	(42)	353	299	562
’22	(102)	175	286	213	572
’21	(38)	120	238	30	350
’20	42	219	112	162	534

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(26)	(12)	—	—	—
’25	(185)	(14)	346	389	536
’24	98	51	223	371	743
’23	(55)	(49)	343	289	528
’22	(110)	164	278	206	538
’21	(43)	113	232	22	325
’20	38	215	108	157	518

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	1.87	4.00	—	—	—
’25	1.93	4.52	3.98	1.68	12.25
’24	2.17	4.49	4.22	3.07	13.30
’23	2.83	4.42	4.35	2.64	13.67
’22	2.90	4.93	4.03	3.55	15.41
’21	1.39	3.71	3.62	2.02	10.78
’20	0.72	2.26	2.76	1.14	7.01

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	106.58	134.08	131.88	136.35	132.97	224.25	220.68	251.49	373.33	323.05	Analyst estimates 2026–2028 Powerpack
	High	159.55	172.00	192.94	183.00	249.30	318.98	316.05	433.19	571.42	535.40
People
People	Employees	5,050	5,200	5,200	5,800	5,800	6,900	7,275	7,425	7,295	7,050
	Revenue/emp, $m	0.84	0.83	0.87	0.82	0.87	0.91	1.00	0.98	1.04	1.03
Income, $m
Income, $m	Revenue	4,221	4,342	4,547	4,770	5,055	6,280	7,274	7,284	7,618	7,239
	Gross margin, %	24.51	24.54	24.64	24.25	24.19	26.55	27.91	27.35	26.84	28.05
	EBT	342	348	369	363	400	628	829	790	803	738
	EBT margin, %	8.10	8.00	8.12	7.61	7.91	9.99	11.40	10.84	10.54	10.19
	Net income	236	257	297	296	323	499	704	634	636	588
	Depreciation	20	22	22	25	26	28	32	35	41	44
Per share, $
Per share, $	Revenue	129.54	132.28	132.48	137.69	144.14	178.19	204.54	200.07	203.75	191.34
	Earnings	5.15	5.81	6.49	6.50	7.01	10.78	15.41	13.67	13.30	12.25
	Cash flow	8.65	9.34	4.97	9.69	15.24	9.92	16.08	15.44	20.68	15.06
	Capex	(1.31)	(0.54)	(0.49)	(0.47)	(0.47)	(0.68)	(0.95)	(0.94)	(0.80)	(0.90)
	Free cash flow	7.33	8.80	4.48	9.22	14.77	9.23	15.13	14.50	19.88	14.15
	Book value	38.42	47.25	46.67	49.50	50.75	56.67	63.22	71.86	81.95	85.16
	Shares, m	33	33	34	35	35	35	36	36	37	38
Valuation, ×
Valuation, ×	P/E	29.07	29.34	21.67	28.15	32.93	29.13	16.57	29.43	33.94	27.82
	P/S	1.15	1.28	1.05	1.31	1.57	1.76	1.25	2.10	2.33	1.76
	P/B	3.87	3.60	2.98	3.64	4.46	5.52	4.04	5.84	5.78	3.96
	EV/Sales	1.19	1.27	1.06	1.34	1.56	1.77	1.25	2.08	2.24	1.68
	EV/FCF	21.05	19.11	31.43	20.02	15.20	34.08	16.90	28.77	22.95	22.68
Cash, $m
Cash, $m	Operating cash flow	282	307	171	336	534	350	572	562	773	570
	Capex	(43)	(18)	(17)	(16)	(16)	(24)	(34)	(34)	(30)	(34)
	Free cash flow	239	289	154	319	518	325	538	528	743	536
Balance, $m
Balance, $m	Working capital	925	921	1,084	1,085	997	1,235	1,392	1,680	2,096	2,237
	Total debt	236	22	136	227	77	183	158	28	15	11
	Net debt	180	(58)	53	153	(69)	64	11	(182)	(766)	(722)
	Shareholders’ equity	1,252	1,551	1,602	1,715	1,780	1,997	2,248	2,616	3,064	3,222
Returns, %
Returns, %	ROA	9.17	9.73	10.61	9.56	9.78	13.70	16.73	14.86	13.07	11.18
	ROIC	15.09	14.82	14.05	12.28	14.66	19.05	23.01	20.41	21.26	18.01
	ROE	13.68	13.61	14.16	13.60	14.10	20.21	25.90	22.05	18.88	15.81

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
WCC WESCO International, Inc.	$17.4B	25.2×	22.4×	+12.98% (above 0%: growing)	+10.44% (above 0%: growing)	−70.35% (below 0%: shrinking)	21.85%	5.73%	Compare
WSO.B Watsco, Inc.	$16.0B	27.0×	—	+2.06% (above 0%: growing)	−11.50% (below 0%: shrinking)	+17.57% (above 0%: growing)	27.50%	11.32%	Compare
AIT Applied Industrial Technologies, Inc.	$12.2B	30.2×	26.7×	+10.45% (above 0%: growing)	+13.03% (above 0%: growing)	+15.02% (above 0%: growing)	30.40%	11.78%	Compare
WSO Watsco, Inc.	$11.6B	24.4×	28.8×	+2.06% (above 0%: growing)	−11.50% (below 0%: shrinking)	+17.57% (above 0%: growing)	27.50%	11.32%
QXO QXO, Inc.	$11.5B	— (loss-making)	— (loss-making)	+70.30% (above 0%: growing)	n/m	−27.62% (below 0%: shrinking)	24.74%	(1.29%)	Compare
CNM Core & Main, Inc.	$7.7B	16.6×	19.2×	+2.48% (above 0%: growing)	+8.45% (above 0%: growing)	+83.33% (above 0%: growing)	26.71%	10.58%	Compare
MSM MSC Industrial Direct Company, Inc.	$7.2B	31.3×	27.6×	+7.82% (above 0%: growing)	+41.18% (above 0%: growing)	−23.88% (below 0%: shrinking)	41.11%	10.19%	Compare
XMTR Xometry, Inc.	$6.1B	— (loss-making)	— (loss-making)	+41.05% (above 0%: growing)	n/m	−41.54% (below 0%: shrinking)	38.01%	(2.42%)	Compare
POOL Pool Corporation	$5.8B	14.6×	16.7×	+2.15% (above 0%: growing)	−0.19% (below 0%: shrinking)	−27.07% (below 0%: shrinking)	29.66%	14.68%	Compare
Median of peers	$9.6B	26.1×	22.4×	+9.14%	+9.45%	−25.48%	28.58%	10.39%

All 23 Industrial Distribution stocks →

Watsco, Inc. (WSO) key facts

Concern: Watsco, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $7.2 billion, down 4.98% from fiscal 2024.
Watsco, Inc. (WSO) is an Industrial Distribution company in the Industrials sector, listed on the New York Stock Exchange.
As of October 9, 2026, WSO traded at $279.90, a market capitalization of $11.6 billion.
Watsco, Inc. pays an annual dividend of $15.90 per share, a yield of 5.65%, with a payout ratio of 137.9%.
Return on equity was 15.8% and debt-to-equity 0.04.
Its Piotroski F-score is 6 out of 9 and its Altman Z-score is 9.62 (safe zone) for fiscal 2025.