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Watsco(NYSE) WSO

Current Price$362.29
Market Cap$14.72BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (1984)+50,913%
5 Year+41%
1 Year-23%
1 Month-9%
Watsco last closing stock price
MetricPriceDate
Last closeUSD 362.012026-07-24
Watsco stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week-2.66%USD 371.912026-07-17
1 month-8.94%USD 397.562026-06-24
3 month-17.14%USD 436.882026-04-24
Year to date+10.1%USD 328.812025-12-31
1 year-22.82%USD 469.042025-07-24
3 year+6.71%USD 339.242023-07-25
5 year+41.42%USD 255.982021-07-23
Since inception+50,912.99%USD 0.711984-06-07

Watsco Financials at a Glance

Market Cap

$14.72BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$7.24B

Net Income (TTM)

$496.01M

EPS (TTM)

$12.03

P/E Ratio

30.10

Dividend

$12.60

Beta (Volatility)

0.99 (Low)

Price

$362.29

Volume

330,029

Open

$359.50

Previous Close

$362.01

Daily Range

$356.47 - $368.42

52-Week Range

$323.05 - $491.55

Estimated Earnings Date

Jul 29, 2026

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About Watsco

Watsco helps contractors get the parts and equipment needed for home cooling and heating. It distributes air conditioners and furnaces to thousands of service businesses. The company makes it easier for people to keep their homes comfortable year-round.

What Watsco Sells

  • HVAC Equipment: Residential and commercial air conditioners, furnaces, and heat pumps; represented 67% of revenues in 2025.
  • Other HVAC Products: Parts and supplies like thermostats, insulation, tools, and ductwork; made up 29% of revenues in 2025.
  • Commercial Refrigeration: Specialized condensing units, compressors, and ice machines for businesses; accounted for 4% of revenues in 2025.

Recent Strategic Moves

  • Formed a joint venture with Carrier to acquire the distribution business of Temperature Equipment Corporation in 2021.
  • Launched OnCall Air and OnCall Air Finance+ to provide digital sales and financing tools for contractors.
  • Repurchased a 20% ownership interest in Homans Associates LLC from Carrier Enterprise II to gain full ownership.
  • Maintained an 80% controlling interest in Carrier Enterprise I, which holds a 38% stake in Russell Sigler, Inc.

What Makes the Company Stand Out

Watsco operates the largest distribution network in North America with 695 locations across 43 states and several international markets. The company uses custom technology platforms to help local contractors manage pricing and inventory in real time.

Financial Performance Trends

  • Revenue reached $7.2 billion for the full year 2025, a significant increase from $64.1 million in 1989.
  • Operating cash flow was $400 million in Q4 2025, up 5.5% from Q4 2024.
  • Free cash flow grew to $389 million in Q4 2025, a 4.9% increase year-over-year.
  • Net income was $72 million in Q4 2025, down 25.9% compared to Q4 2024.
  • Gross profit reached $428 million in Q4 2025, representing an 8.5% decrease from the previous year.

Bottom Line

Watsco has transformed from a small local distributor into a North American industry leader through a disciplined strategy of buying and building businesses. Its focus on digital tools and high-efficiency equipment aligns the company with modern energy standards and evolving contractor needs.

AI Generated • Apr 20, 2026

Industry

Trading Companies and Distributors

Employees

7,050

CEO

Albert H. Nahmad

Headquarters

Miami, FL 33133, US

WSO Financials

Key Financial Metrics (TTM)

Gross Margin

28.37%

Operating Margin

9.84%

Net Income Margin

6.85%

Return on Equity

17.84%

Return on Capital

21.24%

Return on Assets

10.67%

Earnings Yield

3.32%

Dividend Yield

3.48%

Payout Ratio

98.08%

Stock Overview

Market Cap

$14.72BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

40.67M

Volume

330.03K

Avg. Volume

391.36K

Financials (TTM)

Gross Profit

$2.05B

Operating Income

$712.61M

EBITDA

$780.71M

Operating Cash Flow

$728.35M

Capital Expenditure

-$33.14M

Free Cash Flow

$695.21M

Cash & ST Invst.

$592.68M

Total Debt

$476.20M

Watsco Performance Analysis

Watsco annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-12-31USD 7,274,344,00015.8%
20232023-12-31USD 7,283,767,0000.1%
20242024-12-31USD 7,618,317,0004.6%
20252025-12-31USD 7,239,290,000-5.0%
Watsco sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-3034.7%
Q32025-09-300.2%
Q42025-12-31-23.6%
Q12026-03-31-2.9%
Watsco annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-12-31USD 15.4143.0%
20232023-12-31USD 13.67-11.3%
20242024-12-31USD 13.30-2.7%
20252025-12-31USD 12.25-7.9%
Watsco sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-30134.2%
Q32025-09-30-11.9%
Q42025-12-31-57.8%
Q12026-03-3111.3%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q1 2026YOY CHG

Revenue

$1.53B

+0.1%

Gross Profit

$427.56M

-0.5%

Gross Margin

27.89%

N/A

Market Cap

$14.72BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

$2.09M

N/A

Employees

7,050

N/A

Net Income

$79.07M

-1.2%

EBITDA

$127.66M

+8.4%

Quarterly Fundamentals

Name
Q1 2026YOY CHG

Total Cash

$592.68M

+37.3%

Total Debt

$476.20M

+3.6%

Accounts Receivable

$839.24M

+5.7%

Inventory

$1.72B

-3.4%

Long Term Debt

$358.49M

+3.5%

Short Term Debt

$117.71M

+3.9%

Return on Assets

10.67%

N/A

Return on Invested Capital

19.27%

N/A

Free Cash Flow

-$25.87M

+86.0%

Operating Cash Flow

-$18.91M

+89.4%

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Questions About WSO

What is the current price of Watsco?

Watsco is trading at $362.01 per share.

What is the 52-week range for Watsco?

Over the past 52 weeks, Watsco has traded between $323.05 and $491.55.

How much debt does Watsco have?

As of the most recent reporting period, Watsco reported total debt of $486.23M.

How much cash does Watsco have on hand?

Watsco reported $392.68M in cash and cash equivalents in its most recent financial results.

What is Watsco’s dividend yield?

Watsco currently has a dividend yield of 3.48%.

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