WATSCO INC
Close on Oct 19, 2026
- Market cap
- $11.23B
- P/E (TTM)
- 25.3
- Dividend yield
- 3.98%
About Watsco
Wholesale-Hardware & Plumbing & Heating Equipment & Supplies, SIC 5070
Watsco, Inc. distributes air conditioning, heating, and refrigeration equipment along with related parts and supplies. The company's core product offerings comprise residential ducted and ductless air conditioners, heating furnaces, commercial heating and cooling systems, and specialized equipment. Beyond primary machinery, Watsco supplies replacement parts such as compressors, coils, and motors, alongside non-equipment installation items including thermostats, ductwork, insulation, refrigerants, and select plumbing supplies. The company also sells commercial refrigeration systems, including condensing units, walk-in coolers, and ice machines. Watsco distributes these product lines to more than 130,000 licensed contractors serving residential and commercial replacement and new construction sectors.
Headquartered in Miami, Florida, Watsco conducts its distribution activities across North America and neighboring regions. As of December 31, 2025, the company operated 695 locations spanning 43 U.S. states, Canada, Mexico, and Puerto Rico, with additional export coverage reaching portions of Latin America and the Caribbean.
Summary of the business section of Watsco's latest annual report, written by StockData.
Company profile
Company
- Legal name
- WATSCO INC
- Founded
- 1956
- Headquarters
- Coconut Grove, FL
- Address
- 2665 S Bayshore Dr, Ste 901 33133
- Phone
- (305) 714-4100
- Website
- watsco.com
- Employees
- 7,050, Dec 31, 2025
- Industry
- Wholesale-Hardware & Plumbing & Heating Equipment & Supplies
- Incorporated in
- Florida
- Fiscal year ends
- December 31
- Auditor
- Deloitte & Touche LLP, Miami, FL
Stock & identifiers
- Ticker
- WSO
- Other tickers
- WSO.B
- Exchange
- NYSE
- IPO date
- Jun 7, 1984
- Shares outstanding
- 41M, Aug 4, 2026
- Public float
- $15.62B, Jun 30, 2025
- Filer category
- Large accelerated filer
- Stock splits
- 3-for-2, Aug 17, 1998; 3-for-2, Aug 17, 1998; 3-for-2, Jun 17, 1996; 3-for-2, Jun 17, 1996; 3-for-2, May 16, 1995; 3-for-2, May 16, 1995; 2-for-1, Jun 18, 1984; 3-for-2, Jun 16, 1982
- SEC CIK
- 105016
- CUSIP
- 942622200
- ISIN
- US9426222009
- LEI
- 549300F1Y3LN5BX5WN75
- EIN
- 59-0778222
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Aaron J. Nahmad | President, Director | 83,341 |
| Barry S. Logan | Executive Vice President, Director | 144,839 |
| Albert H. Nahmad | Chairman and CEO, Director | 2,944,864 |
| Ana M. Menendez | CFO / Treasurer | 46,440 |
| John Michael Custer | Director | 3,552 |
| Valerie Schimel | Director | 82,988 |
| Ana Lopez-Blazquez | Director | 293 |
| Cesar L. Alvarez | Director | 400 |
| Gary L. Tapella | Director | 8,161 |
| Denise Dickins | Director | 21,638 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 Albert H. Nahmad | $833.62K | -$272.07M | $2.09M | $171 | $191 |
| FY2024 Albert H. Nahmad | $6.38M | $186.36M | $3.59M | $234 | $170 |
| FY2023 Albert H. Nahmad | $11.06M | $265.78M | $4.64M | $207 | $149 |
| FY2022 Albert H. Nahmad | $11.09M | -$80.04M | $3.87M | $117 | $114 |
| FY2021 Albert H. Nahmad | $10.67M | $199.63M | $4.32M | $142 | $128 |
| FY2020 Albert H. Nahmad | $10.69M | $143.28M | $3.30M | $131 | $116 |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Employees
Headcount reported in annual reports
“ tailor our human capital management policies with a view to specific employee populations. As of December 31, 2025, we employed approximately 6,950 full-time and 100 part-time employees (approximately 7,050 total employees), substantially all of whom were non-union employees. Of these employees, approxim”
Corporate history
Events identified from SEC filings
| Date | Event | Details |
|---|---|---|
| May 10, 2023 | Auditor change | Change in certifying accountant (8-K Item 4.01) |
| Apr 24, 2023 | Auditor change | Change in certifying accountant (8-K Item 4.01) |
| Feb 8, 2013 | Delisting | Notice of delisting from exchange (Form 25) |
| Jan 29, 2013 | Listing | Registration of securities on an exchange (Form 8-A) |
| May 3, 2012 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Sep 17, 2009 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Jul 8, 2009 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Jun 26, 2009 | Auditor change | Change in certifying accountant (8-K Item 4.01) |
| Jul 9, 2007 | Tender offer | Third-party tender offer for the company's shares |
| Aug 24, 2005 | Auditor change | Change in certifying accountant (8-K Item 4.01) |