Watsco, Inc.
NYSE•WSO
CEO: Mr. Albert H. Nahmad
Sector: Industrials
Industry: Industrial - Distribution
Listing Date: 1984-06-07
Watsco, Inc., together with its subsidiaries, engages in the distribution of air conditioning, heating, refrigeration equipment, and related parts and supplies in the United States and internationally. The company distributes equipment, including residential ducted and ductless air conditioners, such as gas, electric, and oil furnaces; commercial air conditioning and heating equipment systems; and other specialized equipment. It also offers parts comprising replacement compressors, evaporator coils, motors, and other component parts; and supplies, such as thermostats, insulation materials, refrigerants, ductworks, grills, registers, sheet metals, tools, copper tubing, concrete pads, tapes, adhesives, and other ancillary supplies, as well as plumbing and bathroom remodeling supplies. The company serves contractors and dealers that service the replacement and new construction markets for residential and light commercial central air conditioning, heating, and refrigeration systems. Watsco, Inc. was incorporated in 1956 and is headquartered in Miami, Florida.
Contact Information
Market Cap
$16.30B
P/E (TTM)
30.6
26.2
Dividend Yield
3.0%
52W High
$533.07
52W Low
$323.05
52W Range
Rank30Top 19.5%
5.1
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 5.1 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025
Financial Dashboard
Q4 2025 Data
Revenue
$1.58B+0.00%
4-Quarter Trend
EPS
$1.68+0.00%
4-Quarter Trend
FCF
$388.93M+0.00%
4-Quarter Trend
2025 Annual Earnings Highlights
Key Highlights
Non-Affiliate Market Value Aggregate market value held by non-affiliates reached approximately $15.615B USD as of June 30, 2025.
Distribution Network Scale Operated 695 total locations across US, Canada, Mexico, and Puerto Rico by December 31, 2025.
Carrier Joint Venture Revenue Combined joint ventures with Carrier represented 53% of total revenues for the fiscal year 2025.
Revenue Mix Shift Other HVAC products grew to 29% of 2025 revenues, up from 27% in the prior year.
Risk Factors
Supplier Concentration Risk Top ten suppliers accounted for 85% of purchases; 62% concentration risk tied to Carrier alone.
Acquisition Integration Challenges Acquisitions involve risks including integration failure, debt assumption, and potential shareholder dilution.
Trade Policy and Tariffs Potential cost increases from tariffs on components sourced from China and Mexico could harm profitability.
Cybersecurity System Threats Cyberattacks pose risk of system disruption, data corruption, and potential material adverse financial impact.
Outlook
Strategy Focus: Technology Launched scalable technology platforms, adding 300 employees to modernize customer experience and internal processes.
Growth Through Acquisitions Continue pursuing strategic acquisitions and joint ventures to achieve further penetration in existing markets.
Regulatory Efficiency Drivers Regulatory mandates periodically increase minimum SEER ratings, providing catalyst for higher efficiency system sales.
Market Strategy Execution Focus on exemplary service, product expansion, and technology to satisfy high-growth replacement market needs.
Peer Comparison
Revenue (TTM)
$23.50B
$16.23B
$14.80B
Gross Margin (Latest Quarter)
59.3%
54.7%
51.7%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| XPO | $24.21B | 76.3 | 17.8% | 57.4% |
| WWD | $23.19B | 47.3 | 19.6% | 19.2% |
| CHRW | $21.92B | 37.7 | 32.5% | 32.2% |
Long-Term Trends
Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
1.0%
Moderate Growth
4Q Net Income CAGR
-3.6%
Stable Profitability
Cash Flow Stability
50%
Cash Flow Needs Attention
Deep Research
Next earnings:Apr 16, 2026
EPS:$1.74
|Revenue:$1.48B
Financials
Earnings Calls
Reports
News
Income Statement
Balance Sheet
Cash Flow Statement
Ratios
% Chg.
Income Statement | LTM |
|---|
No Data