WATSCO, INC. financials

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WSO CIK 0000105016

Source: EDGAR filings · Built 2026-06-02T04:25:07Z

Key metrics by reporting period

Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.

Derived Metrics

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Free Cash Flow 535.06M 743.01M 526.48M 536.31M 324.10M 517.94M
EBITDA 764.10M 822.60M 829.90M 863.26M 656.65M 426.94M
Working Capital 2.24B 2.10B 1.68B 1.39B 1.23B 997.30M
Net Debt 391.23M 236.61M 466.92M 415.29M 435.90M -1.73M
Gross Margin 28.05% 26.84% 27.35% 27.91% 26.55% 24.19%
Operating Margin 9.95% 10.26% 10.91% 11.43% 10.01% 7.93%
Net Margin 6.87% 7.04% 7.36% 8.26% 6.67% 5.33%
Return on Equity (ROE) 17.87% 20.18% 24.05% 31.82% 25.16% 18.13%
Return on Assets (ROA) 11.26% 11.97% 14.38% 17.23% 13.58% 10.85%
Current Ratio 4.12× 3.13× 3.36× 2.54× 2.70× 3.05×
Debt-to-Equity 0.30× 0.29× 0.30× 0.30× 0.33× 0.10×
Effective Tax Rate 20.35% 20.79% 19.72% 15.16% 20.52% 19.17%
Cash Conversion Ratio 1.15× 1.44× 1.05× 0.95× 0.83× 1.98×
Accruals Ratio -0.02× -0.05× -0.01× 0.01× 0.02× -0.11×
SBC % of Revenue 0.49% 0.46% 0.41% 0.40% 0.40% 0.44%
CapEx Coverage 16.49× 25.69× 15.84× 16.04× 13.73× 32.51×
Free Cash Flow Per Share $14.12 $19.81 $14.41 $13.75 $9.15 $14.73

Valuation Metrics

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
P/E Trailing (Diluted) 27.51× 35.63× 31.34× 16.18× 29.02× 32.32×
P/FCF 23.87× 23.92× 29.73× 18.14× 34.20× 15.38×
FCF Yield 4.19% 4.18% 3.36% 5.51% 2.92% 6.50%
EV / EBITDA 17.23× 21.90× 19.42× — 17.54× 18.65×
P/S 1.76× 2.33× 2.15× — 1.76× 1.58×
P/B 4.59× 6.69× 7.02× — 6.66× 5.36×

Income Statement

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Revenues 7.24B 7.62B 7.28B 7.27B 6.28B 5.05B
Cost of Goods and Services Sold 5.21B 5.57B 5.29B 5.24B 4.61B 3.83B
Gross Profit 2.03B 2.04B 1.99B 2.03B 1.67B 1.22B
Selling, General and Administrative Expense 1.34B 1.29B 1.22B 1.22B 1.06B 833.05M
Operating Income (Loss) 720.35M 781.77M 794.81M 831.58M 628.53M 401.03M
Income Tax Expense (Benefit) 150.09M 166.90M 155.75M 125.72M 128.80M 76.62M
Net Income (Loss) Attributable to Parent 496.99M 536.29M 536.34M 601.17M 418.94M 269.58M
Earnings Per Share, Basic $12.27 $13.34 $13.72 $15.46 $10.83 $7.03
Weighted Average Number of Shares Outstanding, Basic 37.84M 37.39M 36.41M — 35.24M 35.07M
Earnings Per Share, Diluted $12.25 $13.30 $13.67 $15.41 $10.78 $7.01
Weighted Average Number of Shares Outstanding, Diluted 37.90M 37.51M 36.53M — 35.42M 35.15M

Balance Sheet

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Cash and Cash Equivalents, at Carrying Value 433.28M 526.27M 210.11M 147.50M 118.27M 146.07M
Assets, Current 2.95B 3.08B 2.39B 2.30B 1.96B 1.48B
Assets 4.41B 4.48B 3.73B 3.49B 3.09B 2.48B
Liabilities, Current 717.74M 983.90M 712.01M 906.52M 726.72M 487.14M
Stockholders' Equity Attributable to Parent 2.78B 2.66B 2.23B 1.89B 1.66B 1.49B

Cash Flow Statement

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Net Cash Provided by (Used in) Operating Activities 569.61M 773.10M 561.95M 571.96M 349.57M 534.38M
Payments to Acquire Property, Plant, and Equipment 34.55M 30.09M 35.48M 35.65M 25.46M 16.44M
Net Cash Provided by (Used in) Investing Activities -98.12M -290.67M -41.34M -33.84M -148.58M -16.34M
Net Cash Provided by (Used in) Financing Activities -568.12M -158.53M -460.08M -503.96M -228.60M -448.49M

Raw XBRL tagging for a single filing

Every us-gaap and custom concept the filer tagged for one fiscal period, grouped by statement. Start here when a number in the trend table above surprises you and you want to see the exact tag behind it. Derived and valuation rows are omitted here because they already appear in the trend table.

Most recent filing shown by default.

Compare filings side-by-side

Diff any two filings with deltas and added / removed tags.

Immaterial rows are USD line items under 1% of the period's revenue — the noise floor below which a single tag rarely moves the investment thesis. Revenue is read from the filer's top-line concept (Revenues / RevenueFromContractWithCustomerExcludingAssessedTax, with a fallback chain). Non-USD rows, rows without a numeric value, and every row on a filing with no identifiable revenue anchor stay visible. Flip the switch off to see every tag the filer reported for the period.

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Methodology

All facts on this page come straight from SEC EDGAR XBRL company-facts filings (WSO CIK 0000105016), grouped by financial statement using FASB's base us-gaap presentation taxonomy. Filers may re-parent concepts onto different statements in their own extension taxonomy, so a handful of rows can show up under a different statement than on the actual 10-K / 10-Q; custom concepts and any we couldn't map fall into Other. Hover a cell to see the fully-qualified concept name and the filer's description.

For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.

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