Watsco Inc (WSO.B) income statement

WSO.BNYSEWholesale-Hardware & Plumbing & Heating Equipment & SuppliesFiscal year ends December 31Also trades as WSO

Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 7, 2026Score 15/3036% above fair value

$303.30+19.10 (+6.72%)

Close on Oct 30, 2026Market cap $12.51BP/E 26.1Yield 3.86%

Watsco Inc income statement

Millions of USD, except per-share data. Shares in millions.

Line item	Q2 2026 2026-06-30	Q1 2026 2026-03-31	Q4 2025 2025-12-31	Q3 2025 2025-09-30	Q2 2025 2025-06-30	Q1 2025 2025-03-31	Q4 2024 2024-12-31	Q3 2024 2024-09-30	Q2 2024 2024-06-30	Q1 2024 2024-03-31	Q4 2023 2023-12-31	Q3 2023 2023-09-30	Q2 2023 2023-06-30	Q1 2023 2023-03-31	Q4 2022 2022-12-31	Q3 2022 2022-09-30	Q2 2022 2022-06-30	Q1 2022 2022-03-31	Q4 2021 2021-12-31	Q3 2021 2021-09-30	Q2 2021 2021-06-30	Q1 2021 2021-03-31	Q4 2020 2020-12-31	Q3 2020 2020-09-30	Q2 2020 2020-06-30	Q1 2020 2020-03-31	Q4 2019 2019-12-31	Q3 2019 2019-09-30	Q2 2019 2019-06-30	Q1 2019 2019-03-31	Q4 2018 2018-12-31	Q3 2018 2018-09-30	Q2 2018 2018-06-30	Q1 2018 2018-03-31	Q4 2017 2017-12-31	Q3 2017 2017-09-30	Q2 2017 2017-06-30	Q1 2017 2017-03-31	Q4 2016 2016-12-31	Q3 2016 2016-09-30
Revenue	2,105	1,533	1,579	2,067	2,062	1,531	1,754	2,160	2,139	1,565	1,603	2,127	2,003	1,551	1,581	2,036	2,134	1,524	1,512	1,783	1,850	1,136	1,155	1,537	1,355	1,008	1,072	1,395	1,372	931	991	1,296	1,333	927	964	1,230	1,276	872	914	1,241
Cost of Revenue	1,526	1,105	1,150	1,498	1,459	1,101	1,286	1,594	1,560	1,134	1,189	1,560	1,440	1,102	1,148	1,485	1,538	1,073	1,100	1,300	1,372	841	872	1,163	1,036	761	812	1,060	1,044	698	742	977	1,012	696	723	934	966	654	686	939
Gross Profit	579	428	428	569	603	430	468	566	580	431	414	567	563	448	434	551	596	450	412	483	478	295	282	374	319	248	261	335	328	234	250	319	321	231	241	296	310	219	228	302
Selling, General & Admin	349	323	333	344	339	323	338	326	319	310	312	320	304	287	302	322	315	283	292	282	267	218	215	221	194	203	211	213	197	180	192	200	187	179	181	184	181	170	170	183
Operating Income	238	110	102	235	272	112	136	250	269	127	108	257	266	165	137	236	287	171	123	207	217	82	70	157	129	45	52	125	134	55	59	122	137	54	61	114	129	49	58	119
Interest Expense	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.21	–	–	–	0.76	–	–	–	–	–	–	1.00
Income from Equity Investments	8.43	5.48	5.74	9.50	7.38	5.15	6.59	10	8.07	5.46	5.79	9.51	7.24	3.64	5.38	6.93	6.32	4.05	3.03	6.06	5.54	4.67	2.09	4.06	4.10	1.01	2.32	3.53	2.97	1.44	0.79	3.70	3.16	1.64	1.59	2.29	–	–	–	–
Gain (Loss) on Sale of Assets	–	–	-0.36	-0.10	–	–	0.04	-0.28	–	–	-0.20	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	-0.02	-0.15
Pretax Income	242	117	107	238	274	118	143	257	274	129	109	255	262	164	137	236	286	170	123	207	216	82	70	157	129	44	51	124	133	54	58	121	137	53	60	112	128	47	57	118
Income Tax Expense	51	24	20	49	57	23	28	55	59	25	11	54	57	34	-20	50	60	36	27	42	44	16	13	30	25	8.21	7.02	24	25	11	9.14	24	28	11	7.37	32	37	14	18	38
Net Income incl. Noncontrolling Interests	191	93	87	189	217	95	115	202	215	104	98	201	205	130	157	186	226	135	96	165	172	66	56	126	104	36	44	100	108	44	49	97	108	42	53	80	91	34	40	81
Minority Interest in Earnings	28	14	15	28	33	14	18	31	33	17	15	30	33	20	19	29	33	22	17	24	28	11	10	20	18	5.75	7.13	16	18	8.77	9.41	18	18	8.16	9.40	15	17	7.59	10	17
Net Income	163	79	72	162	184	80	97	171	181	87	83	171	173	110	138	158	193	113	79	141	144	55	46	106	87	31	37	83	90	35	40	79	90	34	43	65	74	26	30	63
Net Income to Common	153	71	67	151	171	73	90	159	–	–	–	–	–	–	–	–	–	–	–	–	131	49	42	97	79	25	34	77	83	30	36	73	83	30	40	60	68	23	27	58
EPS (Basic)(per share)	4.00	1.87	1.77	3.98	4.53	1.93	2.40	4.24	4.50	2.17	–	4.36	4.43	2.84	–	4.04	4.94	2.91	–	3.64	3.73	1.39	1.14	2.77	2.26	0.72	0.92	2.20	2.40	0.88	1.02	2.12	2.41	0.89	1.19	1.82	2.07	0.71	0.81	1.78
EPS (Diluted)(per share)	4.00	1.87	1.77	3.98	4.52	1.93	2.39	4.22	4.49	2.17	–	4.35	4.42	2.83	–	4.03	4.93	2.90	–	3.62	3.71	1.39	1.14	2.76	2.26	0.72	0.92	2.20	2.40	0.88	1.02	2.11	2.40	0.89	1.19	1.82	2.07	0.71	0.81	1.78
Shares Outstanding (Basic, Weighted)(shares)	38	38	38	38	38	38	38	38	–	–	–	–	–	–	–	–	–	–	–	–	35	35	35	35	35	35	35	35	34	34	34	34	34	34	33	33	33	33	33	33
Shares Outstanding (Diluted, Weighted)(shares)	38	38	38	38	38	38	38	38	–	–	–	–	–	–	–	–	–	–	–	–	35	35	35	35	35	35	35	35	34	34	34	34	34	34	33	33	33	33	33	33
Dividend per Share(per share)	3.30	3.00	3.00	3.00	3.00	2.70	2.70	2.70	2.70	2.45	2.45	2.45	2.45	2.45	2.20	2.20	2.20	1.95	1.95	1.95	1.95	1.78	1.78	1.78	1.78	1.60	1.60	1.60	1.60	1.60	1.45	1.45	1.45	1.25	1.25	1.25	1.05	1.05	1.05	0.85
EBITDA	249	121	113	246	283	123	147	261	279	136	117	265	274	173	145	244	295	179	130	214	224	89	76	163	136	52	59	132	140	61	64	128	143	59	67	120	135	54	63	124
Net Interest Income	3.50	6.46	5.85	3.73	2.33	5.42	6.71	6.77	4.91	2.47	1.00	-1.89	-3.42	-0.62	-0.01	-0.48	-1.11	-0.56	-0.24	-0.22	-0.45	-0.09	-0.06	-0.11	-0.28	-0.79	-0.61	-1.43	-1.21	-0.78	-0.37	-1.05	-0.76	-0.57	-1.34	-2.12	-1.65	-1.26	-0.68	-1.00

Italic numbers are calculated by StockData (for example Q4 = full year − nine months). Per-share data and share counts are adjusted for stock splits. Hover a number for its source; click it to open the filing on SEC.gov. Click a row to chart it.

Ratios

Latest available, balances at Jun 30, 2026

Profitability, TTM

Gross margin: 27.5%
Operating margin: 9.4%
Net margin: 6.5%
Return on equity, FY2025: 18.3%

Financial strength

Current ratio: 3.20
Debt to equity: –
Debt to assets: –
Cash to current liabilities: 33.7%

Valuation

P/E ratio: 26.1
Price to sales: 1.72
Price to book: 4.18
Dividend yield: 3.86%