WSONYSEWholesale-Hardware & Plumbing & Heating Equipment & SuppliesFiscal year ends December 31Also trades as WSO.B
WATSCO INC
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 7, 2026
$294.00−1.91 (-0.65%)
Close on Oct 19, 2026
- Market cap
- $11.23B
- P/E (TTM)
- 25.3
- Dividend yield
- 3.98%
Watsco statistics
Financials through Jun 30, 2026, price as of Oct 19, 2026, median of Wholesale-Hardware & Plumbing & Heating Equipment & Supplies companies for comparison
Valuation
| Measure | Watsco | Industry median |
|---|---|---|
| Market Cap | $12.13B | $601.21M |
| Enterprise Value | $12.26B | $642.98M |
| PE Ratio | 25.30 | 21.82 |
| PS Ratio | 1.67 | 0.90 |
| PB Ratio | 4.05 | 2.11 |
| P/TBV Ratio | 5.44 | 2.31 |
| P/FCF Ratio | 17.40 | 18.54 |
| P/OCF Ratio | 16.54 | 15.14 |
Enterprise value
| Measure | Watsco | Industry median |
|---|---|---|
| EV / Sales | 1.68 | 0.99 |
| EV / EBITDA | 16.82 | 12.93 |
| EV / EBIT | 17.91 | 16.95 |
| EV / FCF | 17.59 | 19.87 |
Income (trailing twelve months)
| Measure | Watsco | Industry median |
|---|---|---|
| Revenue | $7.28B | $1.44B |
| Gross Profit | $2.00B | $453.14M |
| Operating Income | $684.85M | $24.33M |
| Pretax Income | $704.39M | $18.81M |
| Net Income | $475.73M | $9.02M |
| EBITDA | $728.85M | $56.48M |
| EPS (Diluted) | $11.62 | $0.66 |
Margins
| Measure | Watsco | Industry median |
|---|---|---|
| Gross Margin | 27.5% | 25.4% |
| Operating Margin | 9.40% | 3.37% |
| Pretax Margin | 9.67% | 3.72% |
| Profit Margin | 6.53% | 2.26% |
| EBITDA Margin | 10.0% | 5.04% |
| FCF Margin | 9.57% | 3.03% |
Returns
| Measure | Watsco | Industry median |
|---|---|---|
| Return on Equity (ROE) | 16.5% | 7.11% |
| Return on Assets (ROA) | 9.69% | 2.59% |
| Return on Invested Capital (ROIC) | 19.6% | 8.11% |
| Return on Capital Employed (ROCE) | 17.1% | 8.62% |
Growth
| Measure | Watsco | Industry median |
|---|---|---|
| Revenue Growth (YoY) | -2.98% | 6.37% |
| Net Income Growth (YoY) | -10.5% | 4.05% |
| EPS Growth (YoY) | -11.0% | 8.15% |
| FCF Growth (YoY) | 76.8% | -3.94% |
| Revenue Growth (3Y CAGR) | -0.16% | 1.68% |
| Revenue Growth (5Y CAGR) | 7.45% | 8.00% |
| EPS Growth (3Y CAGR) | -7.36% | -5.78% |
| EPS Growth (5Y CAGR) | 11.8% | 6.09% |
Balance sheet
| Measure | Watsco | Industry median |
|---|---|---|
| Cash & Short-Term Investments | $464.19M | $36.92M |
| Total Debt | $119.72M | $297.09M |
| Net Cash (Debt) | $344.47M | -$1.76M |
| Net Cash Per Share | $8.35 | -$0.11 |
| Equity (Book Value) | $2.99B | $230.41M |
| Book Value Per Share | $72.59 | $15.79 |
| Tangible Book Value | $2.23B | $39.91M |
| Working Capital | $2.37B | $150.25M |
Financial position
| Measure | Watsco | Industry median |
|---|---|---|
| Current Ratio | 3.20 | 2.05 |
| Quick Ratio | 1.41 | 0.94 |
| Debt / Equity | 0.04 | 0.40 |
| Debt / EBITDA | 0.16 | 1.61 |
| Debt / FCF | 0.17 | 2.63 |
| Net Debt / EBITDA | -0.47 | 1.43 |
Cash flow (trailing twelve months)
| Measure | Watsco | Industry median |
|---|---|---|
| Operating Cash Flow | $733.26M | $4.85M |
| Capital Expenditures | -$36.12M | -$20.25M |
| Free Cash Flow | $697.14M | $51.20M |
| FCF Per Share | $16.90 | $2.29 |
Efficiency
| Measure | Watsco | Industry median |
|---|---|---|
| Asset Turnover | 1.48 | 1.34 |
| Inventory Turnover | 2.75 | 4.85 |
| Revenue Per Employee | $1.26M | $699.20K |
| Profits Per Employee | $82.02K | $13.76K |
| Employee Count | 5,800 | 852 |
Dividends and yields
| Measure | Watsco | Industry median |
|---|---|---|
| Earnings Yield | 3.92% | 3.07% |
| FCF Yield | 5.75% | 3.76% |
| Dividend Yield | 3.98% | 1.28% |
| Shareholder Yield | 3.98% | 2.50% |
| Dividend Per Share | $11.70 | $1.58 |
| Dividend Growth (YoY) | 10.9% | 5.22% |
| Years of Dividend Growth | 11 | 2 |
| Payout Ratio | 104.9% | 27.8% |
| FCF Payout Ratio | 71.6% | 43.8% |
Shares
| Measure | Watsco | Industry median |
|---|---|---|
| Shares Outstanding | 41,252,200 | 38,108,300 |
| Shares Change (YoY) | 0.56% | 0.00% |
| Float | 37,917,300 | 34,810,650 |
| Shares Held by Insiders | 8.08% | 16.0% |
| Shares Held by Institutions | 92.0% | 82.3% |
Taxes
| Measure | Watsco | Industry median |
|---|---|---|
| Income Tax | $143.86M | $15.10M |
| Effective Tax Rate | 20.4% | 23.9% |
Scores
| Measure | Watsco | Industry median |
|---|---|---|
| Graham Number | $137.76 | $47.71 |
| Graham Upside | -53.1% | -34.6% |
| Altman Z-Score | 7.31 | 3.12 |
| Piotroski F-Score | 5 | 5 |
| Beneish M-Score | -2.51 | -2.45 |
Calculated by StockData from Watsco's SEC filings and the latest closing price. Hover a measure to see its formula. The grey column is the median of companies in the same industry group (two-digit SIC code); green or red marks a better or worse value than that median.