Watsco (WSO) | Financial Analysis & Statements

Watsco Inc. | Large-cap | Industrials

$459.07

0.23%

Watsco vs W.W. Grainger Watsco vs Fastenal Watsco vs Ferguson Enterprises Watsco vs Watsco Watsco vs Core & Main Watsco vs S&P 500 | Market

Overview Income Statement Balance Sheet Cash Flow Key Ratios Peer Comparison

Financial Overview

Latest Annual: 2024

Income Metrics

Revenue 7.6B

Gross Profit 2.0B 26.84%

Operating Income 751.3M 9.86%

Net Income 635.7M 8.34%

EPS (Diluted) $12.36

Balance Sheet Metrics

Total Assets 4.5B

Total Liabilities 1.4B

Shareholders Equity 3.1B

Debt to Equity 0.46

Cash Flow Metrics

Operating Cash Flow 790.0M

Free Cash Flow 743.0M

Revenue & Profitability Trend

Interactive Financial Charts Not Available

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Available Financial Data:

Income statements (annual and quarterly)
Balance sheets with asset and liability details
Cash flow statements and free cash flow analysis
Key financial ratios and performance metrics
Peer comparison and industry benchmarking

All financial data is displayed in accessible table format below. Use the table headers and structure to analyze trends and compare metrics across different periods.

Watsco Income Statement From 2020 to 2024

Metric	2024	2023	2022	2021	2020
Revenue	7.6B	7.3B	7.3B	6.3B	5.1B
Cost of Goods Sold	5.6B	5.3B	5.2B	4.6B	3.8B
Gross Profit	2.0B	2.0B	2.0B	1.7B	1.2B
Operating Expenses	1.3B	1.2B	1.2B	1.1B	833.1M
Operating Income	751.3M	768.6M	808.9M	609.2M	389.8M
Pre-tax Income	802.6M	789.9M	829.4M	627.5M	399.8M
Income Tax	166.9M	155.8M	125.7M	128.8M	76.6M
Net Income	635.7M	634.1M	703.7M	498.7M	323.2M
EPS (Diluted)	$12.36	$12.65	$14.17	$9.83	$6.39

Income Statement Trend

Watsco Balance Sheet From 2020 to 2024

Metric	2024	2023	2022	2021	2020
Assets
Current Assets	3.1B	2.4B	2.3B	2.0B	1.5B
Non-Current Assets	1.4B	1.3B	1.2B	1.1B	999.9M
Total Assets	4.5B	3.7B	3.5B	3.1B	2.5B
Liabilities
Current Liabilities	983.9M	712.0M	906.5M	726.7M	487.1M
Non-Current Liabilities	431.4M	401.0M	333.4M	361.7M	217.4M
Total Liabilities	1.4B	1.1B	1.2B	1.1B	704.6M
Equity
Total Shareholders Equity	3.1B	2.6B	2.2B	2.0B	1.8B

Balance Sheet Composition

Watsco Cash Flow Statement From 2020 to 2024

Metric	2024	2023	2022	2021	2020
Operating Activities
Net Income	635.7M	634.1M	703.7M	498.7M	323.2M
Operating Cash Flow	790.0M	572.3M	581.0M	356.5M	538.4M
Investing Activities
Capital Expenditures	262.0K	1.3M	1.9M	1.4M	94.0K
Investing Cash Flow	-260.6M	-5.9M	1.8M	-123.1M	94.0K
Financing Activities
Dividends Paid	-423.5M	-382.6M	-332.4M	-294.5M	-265.7M
Financing Cash Flow	-189.6M	-489.2M	-557.0M	-160.6M	-448.5M
Free Cash Flow	743.0M	526.5M	536.3M	324.1M	517.9M

Cash Flow Trend

Watsco Key Financial Ratios

Valuation Ratios

P/E Ratio (TTM) 33.02

Forward P/E 29.02

Price to Book 6.13

Price to Sales 2.32

PEG Ratio 29.02

Profitability Ratios

Profit Margin 6.98%

Operating Margin 7.00%

Return on Equity 20.81%

Return on Assets 10.41%

Financial Health

Current Ratio 3.28

Debt to Equity 14.89

Beta 1.06

Per Share Data

EPS (TTM) $13.05

Book Value per Share $70.35

Revenue per Share $201.66

Peer Financial Comparison

Company	Market Cap	P/E Ratio	P/B Ratio	ROE	Profit Margin	Debt/Equity
wso	17.6B	33.02	6.13	20.81%	6.98%	14.89
W.W. Grainger	49.8B	26.60	14.33	54.16%	11.08%	69.64
Fastenal	46.6B	40.65	12.64	32.35%	15.13%	13.44
Ferguson Enterprises	43.1B	26.81	7.68	29.08%	5.32%	105.39
Watsco	17.6B	34.48	6.40	20.81%	6.98%	14.89
Core & Main	11.5B	27.01	6.34	25.28%	5.47%	139.81

Financial data is updated regularly. All figures are in the company's reporting currency.