Also trades as: WSO-B (NYSE) · $vol 0M
WSO NYSE
Watsco, Inc.
1W: -0.2%
1M: -2.8%
3M: -4.9%
YTD: -10.2%
1Y: -13.9%
3Y: -5.7%
5Y: +21.7%
$301.04
-4.29 (-1.41%)
Weekly Expected Move ±5.3%
$289
$306
$323
$340
$357
Credit Risk of going bust: lower than 84% of companies Debt: 4.2% of company value Bonds: none of note held by US funds details ▾
Of US companies ranked in the safest four tenths, about 1 in 3,500 filed for bankruptcy within a year (2020-2025).
If the stock fell to about $1.04 (down 99.7%), Watsco, Inc. would be worth roughly what it owes.
Total debt $553.7M against a stock market value of $12.54B.
Distance to default 11.09 (Merton model): prices to 2026-10-27, balance sheet 2026-09-30, debt counted $276.9M (short-term plus half of long-term), stock volatility 35.2%; Altman Z'' 5.80. A ranking and a back-test, not a forecast.
US fund filings (SEC N-PORT) show under $25M of this company's bonds, so there is no bond page. Its debt may be bank loans or privately placed. How these are computed.
If the stock fell to about $1.04 (down 99.7%), Watsco, Inc. would be worth roughly what it owes.
Total debt $553.7M against a stock market value of $12.54B.
Distance to default 11.09 (Merton model): prices to 2026-10-27, balance sheet 2026-09-30, debt counted $276.9M (short-term plus half of long-term), stock volatility 35.2%; Altman Z'' 5.80. A ranking and a back-test, not a forecast.
US fund filings (SEC N-PORT) show under $25M of this company's bonds, so there is no bond page. Its debt may be bank loans or privately placed. How these are computed.
Overview
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Financials
Income Statement
Cash Flow
Balance Sheet
Earnings
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Analysis
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Institutions
ETF Exposure
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Revenue Segmentation
By Geography
Revenue by Segment (5-Year Trend)
Income Trends
Revenue
$7.2B
-5.0% ▼
5Y CAGR: +7.4%
Gross Profit
$2.0B
-0.7% ▼
5Y CAGR: +10.7%
Operating Income
$693M
-11.4% ▼
5Y CAGR: +11.5%
Net Income
$497M
-7.3% ▼
5Y CAGR: +13.0%
EPS (Diluted)
$12.25
-7.9% ▼
5Y CAGR: +11.8%
EBITDA
$781M
-1.3% ▼
5Y CAGR: +12.9%
Profit Margins
Year-over-Year Growth
View Full Income Statement
| Line Item | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Revenue | $6.3B | $7.3B | $7.3B | $7.6B | $7.2B |
| YoY Growth | +24.2% | +15.8% | +0.1% | +4.6% | -5.0% |
| Cost of Revenue | $4.6B | $5.2B | $5.3B | $5.6B | $5.2B |
| Gross Profit | $1.7B | $2.0B | $2.0B | $2.0B | $2.0B |
| Gross Margin | 26.6% | 27.9% | 27.4% | 26.8% | 28.0% |
| R&D Expenses | $0 | $0 | $0 | $0 | $0 |
| SG&A Expenses | $1.1B | $1.2B | $1.2B | $1.3B | $1.3B |
| Operating Expenses | $1.0B | $1.2B | $1.2B | $1.3B | $1.3B |
| Operating Income | $629M | $832M | $795M | $782M | $693M |
| Operating Margin | 10.0% | 11.4% | 10.9% | 10.3% | 9.6% |
| Interest Expense | $996K | $2M | $5M | -$21M | $0 |
| Income Before Tax | $628M | $829M | $790M | $803M | $738M |
| Tax Expense | $129M | $126M | $156M | $167M | $150M |
| Net Income | $419M | $601M | $536M | $536M | $497M |
| Net Margin | 6.7% | 8.3% | 7.4% | 7.0% | 6.9% |
| EPS (Diluted) | $10.78 | $15.41 | $13.67 | $13.30 | $12.25 |
| EBITDA | $657M | $841M | $804M | $792M | $781M |
| Shares Outstanding | 35M | 36M | 37M | 38M | 38M |