Symbols / WSO Stock $428.57 -2.12% Watsco, Inc.

Industrials • Industrial Distribution • United States • NYQ
WSO (Stock) Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Industrials
Industry Industrial Distribution
CEO Mr. Albert H. Nahmad
Exch · Country NYQ · United States
Market Cap 17.42B
Enterprise Value 16.61B
Income 463.20M
Sales 7.24B
FCF (ttm) 523.66M
Book/sh 72.75
Cash/sh 15.61
Employees 6,950
Insider 10d —
IPO Jun 07, 1984
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 99.42%
P/E 35.45
Forward P/E 29.98
PEG 1.73
P/S 2.41
P/B 5.89
P/C —
EV/EBITDA 22.57
EV/Sales 2.29
Quick Ratio 1.50
Current Ratio 3.34
Debt/Eq 14.81
LT Debt/Eq —
EPS (ttm) 12.09
EPS next Y 14.29
EPS Growth -5.30%
Revenue Growth 0.10%
EPS Gr Q/Q -1.20%
Rev Gr Q/Q —
Earnings (next) 2026-07-29
Earnings (prior) 2026-04-28
ROA 9.50%
ROE 18.59%
ROIC —
Gross Margin 28.01%
Oper. Margin 6.83%
Profit Margin 6.85%
Shs Outstand 35.00M
Shs Float 32.89M
Insider Own 0.39%
Instit Own 111.07%
Short Float 0.00%
Short Ratio 0.00
Short Interest 37.00
52W High 496.25
vs 52W High -13.64%
52W Low 323.05
vs 52W Low 32.66%
Beta 1.05
Impl. Vol. 39.78%
Rel Volume 0.56
Avg Volume 489.41K
Volume 272.32K
Target (mean) $423.55
Tgt Median $425.00
Tgt Low $370.00
Tgt High $485.00
# Analysts 11
Recom Hold
Prev Close $437.84
Price $428.57
Change -2.12%
About

Watsco, Inc., together with its subsidiaries, engages in the distribution of air conditioning, heating, and refrigeration equipment, and related parts and supplies in the United States, Canada, Latin America, and the Caribbean. It distributes equipment, including residential ducted and ductless air conditioners, such as gas, electric, and oil furnaces; commercial air conditioning and heating equipment systems; and other specialized equipment. The company also offers parts comprising replacement compressors, evaporator coils, motors, and other component parts; and supplies, such as thermostats, insulation materials, refrigerants, ductworks, grills, registers, sheet metals, tools, copper tubing, concrete pads, tapes, adhesives, and other ancillary supplies, as well as plumbing and bathroom remodeling supplies. It serves contractors and dealers that service the replacement and new construction markets for residential and light commercial central air conditioning, heating, and refrigeration systems. Watsco, Inc. was incorporated in 1956 and is headquartered in Miami, Florida.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$423.55
Mean price target
2. Current target
$428.57
Latest analyst target
3. DCF / Fair value
$269.31
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$428.57
Low
$370.00
High
$485.00
Mean
$423.55

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-04-29 main Stephens & Co. Overweight → Overweight $485
2026-02-19 main JP Morgan Neutral → Neutral $400
2026-01-16 main JP Morgan Neutral → Neutral $370
2026-01-14 main Morgan Stanley Equal-Weight → Equal-Weight $370
2026-01-05 main Mizuho Neutral → Neutral $370
2025-11-06 main UBS Neutral → Neutral $390
2025-10-30 main JP Morgan Neutral → Neutral $360
2025-10-17 main Mizuho Neutral → Neutral $400
2025-10-15 main JP Morgan Neutral → Neutral $400
2025-10-15 down William Blair Outperform → Market Perform —
2025-10-08 main Morgan Stanley Equal-Weight → Equal-Weight $460
2025-09-23 main UBS Neutral → Neutral $425
2025-06-25 main UBS Neutral → Neutral $450
2025-05-27 main JP Morgan Neutral → Neutral $460
2025-04-24 main UBS Neutral → Neutral $455
2025-04-24 main Baird Outperform → Outperform $540
2025-04-14 init Morgan Stanley — → Equal-Weight $515
2025-02-27 main Loop Capital Hold → Hold $460
2025-02-19 main Baird Outperform → Outperform $560
2025-01-17 init Raymond James — → Market Perform —
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2025-12-12 LOPEZ-BLAZQUEZ ANA Director — 1,000 $250.84 $250,840
2025-12-05 DICKINS VEITCH DENISE E Director — 269 $0.00 $0
2025-06-10 CUSTER JOHN MICHAEL Director — 2,200 $448.27 $986,194
2025-05-15 DICKINS VEITCH DENISE E Director — 191 $0.00 $0
2025-05-12 DICKINS VEITCH DENISE E Director — 4,500 $175.07 $787,815
2025-03-05 ALVAREZ CESAR LICINIO Director — 2,100 $498.92 $1,049,264
2025-03-05 ALVAREZ CESAR LICINIO Director — 2,500 $175.07 $437,675
2024-12-18 LOGAN BARRY S Officer and Director — 10,998 $508.21 $5,589,294
2024-09-03 DICKINS VEITCH DENISE E Director — 60 $0.00 $0
2024-08-05 DICKINS VEITCH DENISE E Director — 440 $0.00 $0
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
7,239.29
-4.98%
7,618.32
+4.59%
7,283.77
+0.13%
7,274.34
Operating Revenue
7,239.29
-4.98%
7,618.32
+4.59%
7,283.77
+0.13%
7,274.34
Cost Of Revenue
5,208.83
-6.54%
5,573.60
+5.33%
5,291.63
+0.91%
5,244.06
Reconciled Cost Of Revenue
5,208.83
-6.54%
5,573.60
+5.33%
5,291.63
+0.91%
5,244.06
Gross Profit
2,030.46
-0.70%
2,044.71
+2.64%
1,992.14
-1.88%
2,030.29
Operating Expense
1,337.88
+3.44%
1,293.44
+5.72%
1,223.51
+0.17%
1,221.38
Selling General And Administration
1,337.88
+3.44%
1,293.44
+5.72%
1,223.51
+0.17%
1,221.38
Total Expenses
6,546.71
-4.66%
6,867.04
+5.40%
6,515.13
+0.77%
6,465.44
Operating Income
692.58
-7.81%
751.27
-2.26%
768.63
-4.98%
808.91
Total Operating Income As Reported
720.35
-7.86%
781.77
-1.64%
794.81
-4.42%
831.58
EBITDA
736.33
-7.04%
792.10
-1.45%
803.72
-4.39%
840.59
Normalized EBITDA
736.33
-7.04%
792.10
-1.45%
803.72
-4.39%
840.59
Reconciled Depreciation
43.75
+7.18%
40.82
+16.34%
35.09
+10.75%
31.68
EBIT
692.58
-7.81%
751.27
-2.26%
768.63
-4.98%
808.91
Net Income
496.99
-7.33%
536.29
-0.01%
536.34
-10.78%
601.17
Pretax Income
737.68
-8.09%
802.64
+1.61%
789.89
-4.77%
829.41
Net Non Operating Interest Income Expense
17.33
-16.96%
20.87
+524.17%
-4.92
-127.25%
-2.17
Interest Expense Non Operating
—
—
4.92
+127.25%
2.17
Net Interest Income
17.33
-16.96%
20.87
+524.17%
-4.92
-127.25%
-2.17
Interest Expense
—
—
4.92
+127.25%
2.17
Other Income Expense
27.77
-8.97%
30.50
+16.52%
26.18
+15.46%
22.67
Other Non Operating Income Expenses
27.77
-8.97%
30.50
+16.52%
26.18
+15.46%
22.67
Tax Provision
150.09
-10.08%
166.90
+7.16%
155.75
+23.89%
125.72
Tax Rate For Calcs
0.00
-2.40%
0.00
+5.58%
0.00
+29.61%
0.00
Tax Effect Of Unusual Items
0.00
0.00
0.00
0.00
Net Income Including Noncontrolling Interests
587.59
-7.57%
635.74
+0.25%
634.14
-9.88%
703.70
Net Income From Continuing Operation Net Minority Interest
496.99
-7.33%
536.29
-0.01%
536.34
-10.78%
601.17
Net Income From Continuing And Discontinued Operation
496.99
-7.33%
536.29
-0.01%
536.34
-10.78%
601.17
Net Income Continuous Operations
587.59
-7.57%
635.74
+0.25%
634.14
-9.88%
703.70
Minority Interests
-90.59
+8.91%
-99.45
-1.69%
-97.80
+4.61%
-102.53
Normalized Income
496.99
-7.33%
536.29
-0.01%
536.34
-10.78%
601.17
Net Income Common Stockholders
464.18
-6.96%
498.89
-0.10%
499.37
-9.17%
549.80
Otherunder Preferred Stock Dividend
32.81
-12.25%
37.39
+1.15%
36.97
-28.03%
51.37
Diluted EPS
11.44
-7.47%
12.36
-2.23%
12.65
-10.77%
14.17
Basic EPS
11.44
-7.47%
12.36
-2.23%
12.65
-10.77%
14.17
Basic Average Shares
40.58
+0.55%
40.35
+2.18%
39.49
+1.78%
38.80
Diluted Average Shares
40.58
+0.55%
40.35
+2.18%
39.49
+1.78%
38.80
Diluted NI Availto Com Stockholders
464.19
-6.96%
498.92
-0.10%
499.40
-9.18%
549.87
Average Dilution Earnings
0.00
-86.96%
0.02
-32.35%
0.03
-52.11%
0.07
Total Other Finance Cost
-17.33
+16.96%
-20.87
-524.17%
4.92
+127.25%
2.17
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Assets
4,414.81
-1.44%
4,479.52
+20.12%
3,729.18
+6.91%
3,488.21
Current Assets
2,954.51
-4.07%
3,079.98
+28.77%
2,391.93
+4.05%
2,298.74
Cash Cash Equivalents And Short Term Investments
733.28
-6.22%
781.94
+272.15%
210.11
+42.44%
147.50
Cash And Cash Equivalents
433.28
-17.67%
526.27
+150.47%
210.11
+42.44%
147.50
Other Short Term Investments
300.00
+17.34%
255.67
0.00
—
Receivables
796.18
-9.31%
877.93
+10.04%
797.83
+6.79%
747.11
Accounts Receivable
796.18
-9.31%
877.93
+10.04%
797.83
+6.79%
747.11
Inventory
1,386.32
+0.06%
1,385.44
+2.83%
1,347.29
-1.67%
1,370.17
Other Current Assets
38.73
+11.70%
34.67
-5.53%
36.70
+8.09%
33.95
Total Non Current Assets
1,460.30
+4.34%
1,399.54
+4.66%
1,337.25
+12.42%
1,189.47
Net PPE
588.56
+5.16%
559.67
+10.83%
504.98
+14.06%
442.74
Gross PPE
862.51
+6.59%
809.18
+11.41%
726.32
+13.63%
639.22
Accumulated Depreciation
-273.95
-9.80%
-249.51
-12.72%
-221.35
-12.66%
-196.48
Properties
0.00
0.00
0.00
0.00
Land And Improvements
0.68
+0.00%
0.68
+0.00%
0.68
+0.00%
0.68
Buildings And Improvements
110.97
+7.33%
103.39
+3.31%
100.09
+7.58%
93.03
Machinery Furniture Equipment
298.31
+4.32%
285.97
+11.35%
256.81
+12.54%
228.19
Other Properties
452.55
+7.97%
419.14
+13.67%
368.75
+16.21%
317.31
Goodwill And Other Intangible Assets
672.94
+1.91%
660.33
-2.22%
675.29
+11.45%
605.90
Goodwill
462.51
+2.36%
451.86
-1.16%
457.15
+6.14%
430.71
Other Intangible Assets
210.43
+0.94%
208.47
-4.43%
218.15
+24.52%
175.19
Investments And Advances
185.23
+9.86%
168.61
+15.30%
146.24
+10.12%
132.80
Long Term Equity Investment
185.23
+9.86%
168.61
+15.30%
146.24
+10.12%
132.80
Other Non Current Assets
13.57
+24.18%
10.93
+1.74%
10.74
+33.71%
8.03
Total Liabilities Net Minority Interest
1,192.74
-15.72%
1,415.29
+27.16%
1,112.99
-10.24%
1,239.94
Current Liabilities
717.74
-27.05%
983.90
+38.19%
712.01
-21.46%
906.52
Payables And Accrued Expenses
600.59
-31.25%
873.63
+42.81%
611.75
-19.46%
759.52
Payables
350.43
-28.61%
490.88
+32.89%
369.40
-19.01%
456.13
Accounts Payable
350.43
-28.61%
490.88
+32.89%
369.40
-19.01%
456.13
Current Accrued Expenses
250.16
-34.64%
382.75
+57.93%
242.35
-20.12%
303.40
Current Debt And Capital Lease Obligation
117.15
+6.24%
110.27
+9.98%
100.27
-31.79%
147.00
Current Debt
—
—
100.27
+77.77%
56.40
Other Current Borrowings
—
—
100.27
+77.77%
56.40
Current Capital Lease Obligation
117.15
+6.24%
110.27
+9.98%
100.27
+10.67%
90.60
Total Non Current Liabilities Net Minority Interest
475.00
+10.11%
431.38
+7.58%
400.98
+20.26%
333.41
Long Term Debt And Capital Lease Obligation
361.63
+7.25%
337.19
+10.73%
304.53
+25.05%
243.53
Long Term Debt
—
—
15.40
—
Long Term Capital Lease Obligation
361.63
+7.25%
337.19
+16.62%
289.13
+18.72%
243.53
Non Current Deferred Liabilities
—
—
96.45
+7.31%
89.88
Non Current Deferred Taxes Liabilities
—
—
96.45
+7.31%
89.88
Other Non Current Liabilities
113.37
+20.35%
94.19
-2.34%
96.45
+7.31%
89.88
Stockholders Equity
2,781.38
+4.68%
2,656.99
+19.16%
2,229.84
+18.03%
1,889.24
Common Stock Equity
2,781.38
+4.68%
2,656.99
+19.16%
2,229.84
+18.03%
1,889.24
Capital Stock
22.32
+0.45%
22.22
+0.39%
22.13
+1.48%
21.81
Common Stock
22.32
+0.45%
22.22
+0.39%
22.13
+1.48%
21.81
Preferred Stock
0.00
0.00
0.00
0.00
Share Issued
44.64
+0.46%
44.44
+0.28%
44.32
+1.48%
43.67
Ordinary Shares Number
40.58
+0.55%
40.35
+2.18%
39.49
+1.78%
38.80
Treasury Shares Number
4.07
-0.51%
4.09
-15.32%
4.83
-0.92%
4.87
Additional Paid In Capital
1,563.39
+6.20%
1,472.17
+27.63%
1,153.46
+18.54%
973.06
Retained Earnings
1,319.20
+1.79%
1,295.97
+9.53%
1,183.21
+14.93%
1,029.52
Gains Losses Not Affecting Retained Earnings
-50.30
+16.01%
-59.89
-41.49%
-42.33
+11.27%
-47.71
Treasury Stock
73.23
-0.34%
73.48
-15.18%
86.63
-0.93%
87.44
Minority Interest
440.69
+8.21%
407.25
+5.41%
386.35
+7.61%
359.04
Other Equity Adjustments
-50.30
+16.01%
-59.89
-41.49%
-42.33
+11.27%
-47.71
Total Equity Gross Minority Interest
3,222.06
+5.15%
3,064.24
+17.13%
2,616.19
+16.36%
2,248.28
Total Capitalization
2,781.38
+4.68%
2,656.99
+18.34%
2,245.24
+18.84%
1,889.24
Working Capital
2,236.76
+6.71%
2,096.08
+24.77%
1,679.92
+20.67%
1,392.22
Invested Capital
2,781.38
+4.68%
2,656.99
+18.34%
2,245.24
+15.40%
1,945.64
Total Debt
478.79
+7.00%
447.46
+10.54%
404.79
+3.65%
390.53
Net Debt
—
—
—
—
Capital Lease Obligations
478.79
+7.00%
447.46
+14.91%
389.39
+16.54%
334.13
Net Tangible Assets
2,108.44
+5.60%
1,996.66
+28.44%
1,554.55
+21.13%
1,283.34
Tangible Book Value
2,108.44
+5.60%
1,996.66
+28.44%
1,554.55
+21.13%
1,283.34
Investments In Other Ventures Under Equity Method
—
—
—
—
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
569.61
-26.32%
773.10
+37.57%
561.95
-1.75%
571.96
Cash Flow From Continuing Operating Activities
569.61
-26.32%
773.10
+37.57%
561.95
-1.75%
571.96
Net Income From Continuing Operations
587.59
-7.57%
635.74
+0.25%
634.14
-9.88%
703.70
Depreciation Amortization Depletion
43.75
+7.18%
40.82
+16.34%
35.09
+10.75%
31.68
Depreciation
38.41
+8.52%
35.39
+15.03%
30.77
+14.06%
26.97
Amortization Cash Flow
5.34
-1.58%
5.43
+25.63%
4.32
-8.20%
4.71
Depreciation And Amortization
43.75
+7.18%
40.82
+16.34%
35.09
+10.75%
31.68
Amortization Of Intangibles
5.34
-1.58%
5.43
+25.63%
4.32
-8.20%
4.71
Pension And Employee Benefit Expense
8.74
+0.09%
8.73
-1.43%
8.86
+31.37%
6.75
Stock Based Compensation
35.34
+0.92%
35.02
+16.74%
30.00
+4.09%
28.82
Provisionand Write Offof Assets
5.20
+21.38%
4.29
-40.14%
7.16
-16.17%
8.54
Deferred Tax
18.44
+7951.09%
0.23
+103.19%
-7.18
-153.31%
13.47
Deferred Income Tax
18.44
+7951.09%
0.23
+103.19%
-7.18
-153.31%
13.47
Operating Gains Losses
-18.61
+12.32%
-21.23
-21.61%
-17.46
+0.52%
-17.55
Gain Loss On Sale Of PPE
0.41
-24.07%
0.54
+474.83%
-0.14
+91.19%
-1.62
Change In Working Capital
-102.09
-230.50%
78.23
+165.31%
-119.80
+39.09%
-196.69
Change In Receivables
83.42
+197.51%
-85.56
-137.42%
-36.03
+40.10%
-60.15
Changes In Account Receivables
83.42
+197.51%
-85.56
-137.42%
-36.03
+40.10%
-60.15
Change In Inventory
11.96
+128.69%
-41.68
-164.50%
64.62
+124.87%
-259.86
Change In Payables And Accrued Expense
-203.05
-202.67%
197.76
+222.05%
-162.04
-232.83%
121.99
Change In Payable
-203.05
-202.67%
197.76
+222.05%
-162.04
-232.83%
121.99
Change In Account Payable
-203.05
-202.67%
197.76
+222.05%
-162.04
-232.83%
121.99
Change In Other Working Capital
5.58
-27.62%
7.70
-43.62%
13.66
+927.92%
1.33
Investing Cash Flow
-98.12
+66.24%
-290.67
-603.07%
-41.34
-22.19%
-33.84
Cash Flow From Continuing Investing Activities
-98.12
+66.24%
-290.67
-603.07%
-41.34
-22.19%
-33.84
Net PPE Purchase And Sale
0.46
+74.43%
0.26
-79.94%
1.31
-29.90%
1.86
Sale Of PPE
0.46
+74.43%
0.26
-79.94%
1.31
-29.90%
1.86
Capital Expenditure
-34.55
-14.82%
-30.09
+15.19%
-35.48
+0.49%
-35.65
Capital Expenditure Reported
-34.55
-14.82%
-30.09
+15.19%
-35.48
+0.49%
-35.65
Net Investment Purchase And Sale
-44.83
+82.47%
-255.67
-51033.80%
-0.50
0.00
Purchase Of Investment
-300.50
-17.53%
-255.67
-51033.80%
-0.50
0.00
Sale Of Investment
255.67
0.00
0.00
0.00
Net Business Purchase And Sale
-19.20
-271.12%
-5.17
+22.46%
-6.67
-14093.62%
-0.05
Purchase Of Business
-19.20
-271.12%
-5.17
+22.46%
-6.67
-14093.62%
-0.05
Financing Cash Flow
-568.12
-258.36%
-158.53
+65.54%
-460.08
+8.71%
-503.96
Cash Flow From Continuing Financing Activities
-568.12
-258.36%
-158.53
+65.54%
-460.08
+8.71%
-503.96
Net Issuance Payments Of Debt
-5.97
+72.12%
-21.43
+52.43%
-45.05
-26.38%
-35.64
Issuance Of Debt
—
—
15.40
0.00
Repayment Of Debt
-5.97
+72.12%
-21.43
+64.55%
-60.45
-69.59%
-35.64
Long Term Debt Issuance
—
—
15.40
0.00
Long Term Debt Payments
-5.97
+72.12%
-21.43
+64.55%
-60.45
-69.59%
-35.64
Net Long Term Debt Issuance
-5.97
+72.12%
-21.43
+52.43%
-45.05
-26.38%
-35.64
Net Short Term Debt Issuance
—
—
—
-32.60
Net Common Stock Issuance
-3.66
-101.51%
242.11
+1860.25%
12.35
+114.18%
-87.11
Common Stock Payments
-3.66
+90.78%
-39.67
-1302.86%
-2.83
+96.75%
-87.11
Common Stock Dividend Paid
-473.76
-11.86%
-423.52
-10.68%
-382.65
-15.10%
-332.45
Cash Dividends Paid
-473.76
-11.86%
-423.52
-10.68%
-382.65
-15.10%
-332.45
Repurchase Of Capital Stock
-3.66
+90.78%
-39.67
-1302.86%
-2.83
+96.75%
-87.11
Proceeds From Stock Option Exercised
24.81
-20.18%
31.08
+6.72%
29.13
+42.63%
20.42
Net Other Financing Charges
-109.53
-928.28%
13.22
+117.90%
-73.86
-6.76%
-69.18
Changes In Cash
-96.62
-129.83%
323.90
+435.07%
60.53
+77.16%
34.17
Effect Of Exchange Rate Changes
3.64
+146.97%
-7.74
-473.70%
2.07
+142.00%
-4.93
Beginning Cash Position
526.27
+150.47%
210.11
+42.44%
147.50
+24.72%
118.27
End Cash Position
433.28
-17.67%
526.27
+150.47%
210.11
+42.44%
147.50
Free Cash Flow
535.06
-27.99%
743.01
+41.13%
526.48
-1.83%
536.31
Interest Paid Supplemental Data
0.70
-28.07%
0.97
-90.42%
10.12
+188.59%
3.50
Income Tax Paid Supplemental Data
164.73
+32.21%
124.60
-33.88%
188.44
+78.22%
105.74
Common Stock Issuance
0.00
-100.00%
281.78
+1756.41%
15.18
0.00
Earnings Losses From Equity Investments
-27.77
+8.97%
-30.50
-16.52%
-26.18
-15.46%
-22.67
Issuance Of Capital Stock
0.00
-100.00%
281.78
+1756.41%
15.18
0.00
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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