Watsco revenue and financials
$282.56Change from previous close: −2.84%Absolute change: −$8.27
In the fiscal year ended December 2025, Watsco reported revenue of $7.24B (−4.98% year over year). Net income was $496.99M, a net margin of 6.9%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- −4.98%
- 2025 vs 2024
- Net income growth
- −7.33%
- 2025 vs 2024
- Net margin
- 6.9%
- 2024: 7.0%
Financial data
Amounts in millions of USD; per-share values in USD; shares in millions.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total assets | 4,415 | 4,480 | 3,729 | 3,488 | 3,086 |
| Current assets | 2,955 | 3,080 | 2,392 | 2,299 | 1,961 |
| Cash and equivalents | 433 | 526 | 210 | 148 | 118 |
| Short-term investments | 300 | 256 | 0.0 | — | — |
| Receivables | 796 | 878 | 798 | 747 | 698 |
| Inventory | 1,386 | 1,385 | 1,347 | 1,370 | 1,115 |
| Net property, plant and equipment | 589 | 560 | 505 | 443 | 380 |
| Goodwill | 463 | 452 | 457 | 431 | 434 |
| Other intangible assets | 210 | 208 | 218 | 175 | 187 |
| Long-term investments | 190 | 171 | 149 | 134 | 118 |
| Current liabilities | 718 | 984 | 712 | 907 | 727 |
| Accounts payable | 350 | 491 | 369 | 456 | 364 |
| Long-term debt | — | — | 15.4 | — | 89.0 |
| Total debt | 479 | 447 | 405 | 391 | — |
| Total liabilities | 1,193 | 1,415 | 1,113 | 1,240 | 1,088 |
| Total equity (incl. minority) | 3,222 | 3,064 | 2,616 | 2,248 | 1,997 |
| Retained earnings | 1,319 | 1,296 | 1,183 | 1,030 | 761 |
| Minority interest | 441 | 407 | 386 | 359 | 332 |