WATSCO INC
About WATSCO INC
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 significant exposure in the Sunbelt states. Watsco also has operations in Canada, Latin America, and the Caribbean. The company's customer base comprises more than 120,000 dealers and contractors serving the replacement and new-construction HVAC/R markets for residential and light-commercial applications. As much as 20% of residential HVAC units are distributed through Watsco in any given year. Revenue is approximately 75%-80% residential HVAC and 20%-25% commercial, with relatively small exposure to more complex "applied" solutions.
This profile is unclaimed. An authorized representative can claim it to add details and earn the Verified badge.
American Credentials
Each credential is independently reviewed before it’s awarded · last reviewed Jun 9, 2026. How this is verified →
Financial summary
- Revenue FY2025
- $7.2B
- Net income
- $497.0M
- Total assets
- $4.4B
- Market cap
- $15.3B
- Gross margin
- 28.0%
- Operating margin
- 10.0%
- Net margin
- 8.1%
Source: SEC EDGAR · updated Jun 8, 2026
Revenue & profit trend
Financial statements
Income statement
- Revenue
- $7.2B
- Cost of revenue
- $5.2B
- Gross profit
- $2.0B
- Operating expenses
- $1.3B
- Operating income
- $720.3M
- Income tax
- $150.1M
- Net income
- $587.6M
- EPS (basic)
- $12.27
- EPS (diluted)
- $12.25
Balance sheet
- Total assets
- $4.4B
- Current assets
- $3.0B
- Total liabilities
- $1.2B
- Current liabilities
- $717.7M
- Shareholders’ equity
- $3.2B
Cash flow
- Operating cash flow
- $569.6M
- Investing cash flow
- -$98.1M
- Financing cash flow
- -$568.1M
- Net cash flow
- -$96.6M
Statements via Polygon.io (SEC filings)
15-minute delayed · data by Polygon.io
Past year
52-week range
- Market cap
- $15.3B
- P/E ratio
- 30.4
- EPS (diluted)
- $12.25
- Dividend yield
- 3.55%
- Shares outstanding
- 41.1M
- Open
- —
- Day range
- –
- Prev close
- —
- Volume
- —
- IPO date
- Jun 7, 1984
Market data by Polygon.io · prices are 15-minute delayed
At a glance
- Profitable — net income of $497.0M in FY2025.
- Revenue grew 15% from FY2021 to FY2025.
- Gross margin of 28.0%, net margin 8.1%.
- Trading 24% below its 52-week high.
- Pays a dividend yielding about 3.55% annually.
- Valued at a price-to-earnings (P/E) ratio of 30.4.
Automatically generated from public filings and market data. Informational only — not investment advice or a recommendation to buy or sell any security.
No reviews yet. Be the first to review WATSCO INC.
Write a review
News about WATSCO INC
News & sentiment via Polygon.io
