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 |
|---|---|---|---|---|---|
| Operating cash flow | 570 | 773 | 562 | 572 | 350 |
| Depreciation and amortization | 43.8 | 40.8 | 35.1 | 31.7 | 28.1 |
| Capital expenditure | -34.6 | -30.1 | -35.5 | -35.7 | -25.5 |
| Investing cash flow | -98.1 | -291 | -41.3 | -33.8 | -149 |
| Financing cash flow | -568 | -159 | -460 | -504 | -229 |
| Dividends paid | -474 | -424 | -383 | -332 | -295 |
| Share repurchases | -3.7 | -39.7 | -2.8 | -87.1 | -1.1 |
| Debt issued | — | — | 15.4 | 0.0 | 89.0 |
| Debt repaid | -6.0 | -21.4 | -60.4 | -35.6 | — |
| Effect of exchange rates | 3.6 | -7.7 | 2.1 | -4.9 | -0.2 |
| Net change in cash | -93.0 | 316 | 62.6 | 29.2 | -27.8 |
| Free cash flow | 535 | 743 | 526 | 536 | 324 |
| Levered free cash flow | 291 | 668 | 339 | 346 | 136 |