Watsco, Inc. (WSO) Financial Statements
Historical financial data — 41 statements covering FY2016–FY2025
Watsco is the largest HVAC and refrigeration products distributor in North America with approximately 13% market share. The company primarily operates in the United States (90% of revenue) with sig...
Watsco, Inc.'s revenue decreased 5.0% year over year, from $7.62B to $7.24B.
Net income decreased 7.3% over the same period, from $536.3M to $497.0M.
Over the 9-year period from FY2016 to FY2025, revenue grew by 72% in total.
Total debt increased by 7.0% to $478.8M.
The debt-to-equity ratio stands at 0.17, indicating a conservative leverage profile.
Operating cash flow declined 26.3% to $569.6M.
Watsco, Inc. maintains a moderate net profit margin of 6.9%.
Recent Financial Statements
Quarterly figures are standalone quarters, de-cumulated from YTD filings (Q4 = FY − Q3 YTD when not reported).
| Period | Revenue | Net Income | Gross Profit | EBIT | Op. Cash Flow | Total Assets | Total Debt | Equity |
|---|---|---|---|---|---|---|---|---|
| Q2 FY2024 | $2.14B+36.7% | $181.4M | $579.8M | $268.8M | $57.7M | $4.40B | $411.5M | $2.61B |
| Q3 FY2024 | $2.16B+1.0% | $171.0M | $566.2M | $250.2M | $232.8M | $4.52B | $428.4M | $2.70B |
| Q4 FY2024 | $1.75B-18.8% | $96.8M | $468.1M | $136.2M | $378.9M | $4.48B | $447.5M | $2.66B |
| Q1 FY2025 | $1.53B-12.7% | $80.1M | $429.6M | $112.2M | $-177.6M | $4.45B | $459.7M | $2.67B |
| Q2 FY2025 | $2.06B+34.7% | $183.6M | $603.5M | $271.9M | $-7.4M | $4.73B | $454.1M | $2.76B |
| Q3 FY2025 | $2.07B+0.2% | $161.6M | $568.9M | $234.8M | $354.9M | $4.55B | $457.5M | $2.81B |
| Q4 FY2025 | $1.58B-23.6% | $71.7M | $428.4M | $101.5M | $399.8M | $4.41B | $478.8M | $2.78B |
| Q1 FY2026 | $1.53B-2.9% | $79.1M | $427.6M | $110.2M | $-18.9M | $4.65B | $486.2M | $2.76B |
Balance Sheet Summary (Latest Period)
Watsco, Inc. (WSO) Financial Statements & Revenue History
Watsco, Inc. (WSO) is a US-listed stock operating in the Industrials sector, specifically the Wholesale-Hardware & Plumbing & Heating Equipment & Supplies industry trading at $317.23 with a market capitalization of $13. This page provides 41 historical financial statements for Watsco, Inc., including income statement, balance sheet, and cash flow data across multiple reporting periods. Most recently, Watsco, Inc. reported revenue of $7.2 billion, a 5.0% decline from the prior year. The net profit margin of 6.9% indicates moderate profitability. The debt-to-equity ratio of 0.17 shows conservative leverage.
WSO Income Statement, Balance Sheet & Cash Flow
The financial statements table above shows Watsco, Inc.'s revenue, net income, gross profit, EBIT, operating cash flow, total assets, total debt, and shareholders' equity across the most recent reporting periods. Year-over-year growth rates help identify whether WSO is accelerating or decelerating in terms of top-line revenue and bottom-line profitability.
- Revenue trend: Track WSO's top-line growth across quarters and fiscal years to identify acceleration or deceleration in the business.
- Profitability: Net income and gross profit margins reveal how efficiently Watsco, Inc. converts revenue into earnings.
- Balance sheet health: Total assets, liabilities, debt, and equity provide a snapshot of WSO's financial position and leverage.
- Cash flow: Operating cash flow shows how much cash the business generates from its core operations, which is critical for funding dividends, buybacks, and growth.
How to Use WSO Financial Data
Investors use Watsco, Inc.'s financial statements to assess the company's financial health, growth trajectory, and valuation. Key metrics to focus on include:
- Revenue growth rate: Consistent double-digit revenue growth suggests a strong business; declining revenue may signal competitive pressure.
- Net profit margin: Higher margins indicate a more efficient business with pricing power. Compare WSO's margins to sector peers for context.
- Debt levels: High debt-to-equity ratios increase financial risk, especially in rising-rate environments. Low debt provides flexibility.
- Valuation multiples: See how WSO's P/E, P/S, and EV/EBITDA ratios compare to historical levels.
- Full analysis: View WSO's financial health score, earnings, and pre-market pricing.
Financial data is sourced from Watsco, Inc.'s SEC filings (10-K, 10-Q) via Polygon.io and Finnhub.WSO trades on NYSE/NASDAQ. This page is for informational purposes only and is not financial advice.