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Watsco Inc (WSO) stock

WSONYSEWholesale-Hardware & Plumbing & Heating Equipment & SuppliesFiscal year ends December 31Also trades as WSO.B
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 6, 2026Score 15/3038% above fair value
$308.24−4.91 (-1.57%)

Close on Nov 12, 2026Market cap $12.72BP/E 27.0Yield 3.80%

Watsco Inc grew revenue 0.3% to $7.44B over the twelve months to Sep 30, 2026. Operating income fell 10.6% to $675.29M, moving the operating margin from 10.2% to 9.1%. Free cash flow was $666.45M, up 28.8% from a year earlier. At the latest close the market valued the company at $12.72B, 27.0 times its earnings.

Revenue
$7.44B
+0.3% vs. a year earlier
Operating income
$675.29M
-10.6% vs. a year earlier
Free cash flow
$666.45M
+28.8% vs. a year earlier
EPS, diluted
$11.41
-11.0% vs. a year earlier

Key statistics

Valuation at the latest close; fundamentals over the trailing twelve months, balances at Sep 30, 2026

Valuation

Market cap
$12.72B
P/E ratio
27.0
Price to sales
1.71
Price to book
4.20
Dividend yield
3.80%
Free cash flow yield
5.24%

Fundamentals

Revenue
$7.44B
Net income
$469.52M
EPS, diluted
$11.41
Free cash flow
$666.45M
Book value per share
$78.56
Diluted shares
39M

Trading

Next earnings
Feb 16, 2027 (estimated, before the open)
Previous close
$313.15
Open
$314.80
Day's range
$308.05 – $317.25
Volume
346,434
Average volume (20 days)
723,793
Index membership
S&P MidCap 400, Russell 1000, Russell 3000
Beta (5 years)
1.05
52-week range
$277.34 – $459.00
RSI (14 days)
50.4
Volatility (1 year)
35.6%
Relative volume
0.63×
WACC
10.1%

Index membership is inferred from the holdings of funds that track each index (IJH, SPMD, IWB, IWV), as reported to the SEC for Jun 30, 2026. Join dates come from quarterly fund reports since 2019, so they are accurate to the quarter.

Market cap history

Month-end market cap since 2011, using shares outstanding reported at the time

Total return vs. the S&P 500

Price change plus reinvested dividends, to the close on Nov 12, 2026. The S&P 500 is measured by the SPY fund.

PeriodWSOS&P 500DifferenceWSO per yearS&P 500 per year
1 month+8.9%-2.7%+11.6 pts
3 months+0.7%-1.7%+2.5 pts
Year to date-5.2%+11.9%−17.1 pts
1 year-8.5%+12.0%−20.5 pts
3 years-10.8%+78.2%−89.0 pts-3.8%+21.2%
5 years+18.1%+73.2%−55.1 pts+3.4%+11.6%
10 years+192.3%+309.6%−117.4 pts+11.3%+15.1%

Fifteen years at a glance

Fiscal years 2011 to 2025 and trailing twelve months, USD

Revenue

$7.44B+0.3% YoY

Gross profit

$2.02B-2.4% YoY

Operating income

$675.29M-10.6% YoY

Net income

$469.52M-10.1% YoY

EPS, diluted

$11.41-11.0% YoY

Free cash flow

$666.45M+28.8% YoY
Reported periodTrailing twelve months

Press releases

Releases Watsco filed with the SEC as exhibits to Form 8-K or 6-K

All press releases and earnings

About Watsco

Wholesale-Hardware & Plumbing & Heating Equipment & Supplies

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.

Company profile, executives and history

Watsco stock: common questions

What is Watsco's stock price?

WSO closed at $308.24 on Nov 12, 2026, down 1.57% on the day. Over the past 52 weeks it traded between $277.34 and $459.00.

What is Watsco's market cap?

Watsco was worth $12.72B at the close on Nov 12, 2026: the share price times the diluted shares outstanding.

What is WSO's P/E ratio?

WSO trades at 27.0 times earnings, based on diluted earnings per share of $11.41 over the twelve months to Sep 30, 2026.

How much revenue does Watsco make?

Watsco reported revenue of $7.44B for the twelve months to Sep 30, 2026, up 0.3% from a year earlier.

Does Watsco pay a dividend?

Yes. Watsco paid $11.70 per share over the last twelve months, a yield of 3.80% at the latest price, and has raised its annual dividend 12 years in a row.

When does Watsco report earnings next?

Watsco is expected to report Q4 FY2026 results on Feb 16, 2027, before the open. The date is estimated from its past reporting pattern until the company confirms it.

How has WSO stock performed over the past year?

Including dividends, WSO returned -8.5% over the past year, against +12.0% for the S&P 500.

Who are Watsco's competitors?

Companies most similar to Watsco by business, industry and size include FERG, REZI, CNM, QXO, POOL.

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