WSO
Watsco Inc
NYSE: WSO · INDUSTRIALS · INDUSTRIAL DISTRIBUTION
$428.51
-2.27% today
Updated 2026-04-29
Market cap
$17.42B
P/E ratio
34.95
P/S ratio
2.41x
EPS (TTM)
$12.26
Dividend yield
2.05%
52W range
$318 – $483
Volume
0.5M
Watsco Inc (WSO) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.80B | $1.76B | $1.70B | $2.00B | $2.84B | $2.98B | $3.43B | $3.74B | $3.94B | $4.11B | $4.22B | $4.34B | $4.55B | $4.77B | $5.05B | $6.28B | $7.27B | $7.28B | $7.62B | $7.24B |
| Revenue growth (YoY) | — | -2.4% | -3.3% | +17.7% | +42.1% | +4.7% | +15.2% | +9.1% | +5.4% | +4.3% | +2.6% | +2.9% | +4.7% | +4.9% | +6.0% | +24.2% | +15.8% | +0.1% | +4.6% | -5.0% |
| Cost of revenue | $1.31B | $1.31B | $1.26B | $1.52B | $2.17B | $2.25B | $2.62B | $2.84B | $2.99B | $3.11B | $3.19B | $3.28B | $3.43B | $3.61B | $3.83B | $4.61B | $5.24B | $5.29B | $5.57B | $5.21B |
| Gross profit | $457.27M | $446.99M | $441.99M | $480.83M | $673.24M | $728.29M | $814.39M | $899.25M | $956.40M | $1.01B | $1.03B | $1.07B | $1.12B | $1.16B | $1.22B | $1.67B | $2.03B | $1.99B | $2.04B | $2.03B |
| Gross margin | 25.4% | 25.4% | 26.0% | 24.0% | 23.7% | 24.5% | 23.7% | 24.0% | 24.2% | 24.5% | 24.5% | 24.5% | 24.6% | 24.3% | 24.2% | 26.6% | 27.9% | 27.4% | 26.8% | 28.0% |
| R&D | — | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — | — | — | — | — | — |
| SG&A | $327.30M | $335.83M | $343.39M | $399.77M | $507.67M | $529.24M | $589.49M | $628.04M | $650.65M | $670.61M | $688.95M | $715.67M | $757.45M | $800.33M | $833.05M | $1.06B | $1.22B | $1.10B | $1.17B | $1.34B |
| Operating income | $135.39M | $111.15M | $98.61M | $81.06M | $165.57M | $199.05M | $224.91M | $271.21M | $305.75M | $336.75M | $345.63M | $353.87M | $372.08M | $366.88M | $401.03M | $628.53M | $831.58M | $794.81M | $781.77M | $692.58M |
| Operating margin | 7.5% | 6.3% | 5.8% | 4.0% | 5.8% | 6.7% | 6.6% | 7.2% | 7.8% | 8.2% | 8.2% | 8.2% | 8.2% | 7.7% | 7.9% | 10.0% | 11.4% | 10.9% | 10.3% | 9.6% |
| EBITDA | $141.18M | $117.57M | $105.68M | $89.59M | $176.34M | $210.78M | $240.82M | $288.92M | $323.67M | $355.87M | $365.70M | $375.91M | $394.18M | $391.40M | $426.94M | $656.65M | $863.26M | $803.72M | $792.10M | $781.43M |
| EBITDA margin | 7.8% | 6.7% | 6.2% | 4.5% | 6.2% | 7.1% | 7.0% | 7.7% | 8.2% | 8.7% | 8.7% | 8.7% | 8.7% | 8.2% | 8.4% | 10.5% | 11.9% | 11.0% | 10.4% | 10.8% |
| EBIT | $135.39M | $111.15M | $98.61M | $81.06M | $165.57M | $199.05M | $224.91M | $271.21M | $305.75M | $336.75M | $345.63M | $353.87M | $372.08M | $366.88M | $401.03M | $628.53M | $831.58M | $768.63M | $751.27M | $737.68M |
| Interest expense | $3.82M | $5.08M | $2.02M | $2.73M | $3.49M | $51.75M | $4.67M | $5.83M | $5.21M | $5.55M | $3.71M | $6.36M | $2.74M | $4.03M | $1.24M | $996000.00 | $2.17M | $4.92M | $20.87M | $27.77M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $82.36M | $65.58M | $60.37M | $43.31M | $80.76M | $90.45M | $103.33M | $127.72M | $151.39M | $172.93M | $182.81M | $208.22M | $242.93M | $245.95M | $269.58M | $418.94M | $601.17M | $536.34M | $536.29M | $496.99M |
| Net income growth (YoY) | — | -20.4% | -7.9% | -28.3% | +86.5% | +12.0% | +14.2% | +23.6% | +18.5% | +14.2% | +5.7% | +13.9% | +16.7% | +1.2% | +9.6% | +55.4% | +43.5% | -10.8% | -0.0% | -7.3% |
| Profit margin | 4.6% | 3.7% | 3.6% | 2.2% | 2.8% | 3.0% | 3.0% | 3.4% | 3.8% | 4.2% | 4.3% | 4.8% | 5.3% | 5.2% | 5.3% | 6.7% | 8.3% | 7.4% | 7.0% | 6.9% |