WATSCO INC

WSO · Mid cap · 0 articles

Financial highlights

Metric	FY 12/31/25	FY 12/31/24	FY 12/31/23	FY 12/31/22	FY 12/31/21
Income Statement
Revenue	$7.2B	$7.6B	$7.3B	$7.3B	$6.3B
Cost of revenue	$5.2B	$5.6B	$5.3B	$5.2B	$4.6B
Gross profit	$2.0B	$2.0B	$2.0B	$2.0B	$1.7B
Selling, general & administrative	$1.3B	$1.3B	$1.2B	$1.2B	$1.1B
Operating income	$720.3M	$781.8M	$794.8M	$831.6M	$628.5M
Pretax income	$737.7M	$802.6M	$789.9M	$829.4M	$627.5M
Income tax expense	$150.1M	$166.9M	$155.8M	$125.7M	$128.8M
Net income	$497.0M	$536.3M	$536.3M	$601.2M	$418.9M
Balance Sheet
Cash and equivalents	$433.3M	$526.3M	$210.1M	$147.5M	$118.3M
Current assets	$3.0B	$3.1B	$2.4B	$2.3B	$2.0B
Total assets	$4.4B	$4.5B	$3.7B	$3.5B	$3.1B
Current liabilities	$717.7M	$983.9M	$712.0M	$906.5M	$726.7M
Stockholders' equity	$2.8B	$2.7B	$2.2B	$1.9B	$1.7B
Cash Flow Statement
Cash from operations	$569.6M	$773.1M	$562.0M	$572.0M	$349.6M
Depreciation and amortization	$43.8M	$40.8M	$35.1M	$31.7M	$28.1M
Stock-based compensation	$35.3M	$35.0M	$30.0M	$28.8M	$25.4M
Capital expenditure	$34.5M	$30.1M	$35.5M	$35.7M	$25.5M
Free cash flow	$535.1M	$743.0M	$526.5M	$536.3M	$324.1M
Dividends paid	$473.8M	$423.5M	$382.6M	$332.4M	$294.5M
Share repurchases	$5.0M	$41.5M	$7.7M	$87.5M	$2.3M

Shares outstanding 40.7M · Free float 60.1%

Annual filing data through FY ended December 31, 2025; float as of July 8, 2026.