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 revenue | 7,239 | 7,618 | 7,284 | 7,274 | 6,280 |
| Cost of revenue | 5,209 | 5,574 | 5,292 | 5,244 | 4,613 |
| Gross profit | 2,030 | 2,045 | 1,992 | 2,030 | 1,668 |
| Selling, general and administrative | 1,293 | 1,256 | 1,186 | 1,189 | 1,030 |
| Operating income | 694 | 748 | 771 | 810 | 609 |
| EBIT | 694 | 748 | 771 | 810 | 609 |
| EBITDA | 738 | 789 | 807 | 842 | 638 |
| Interest expense | — | — | 4.9 | 2.2 | 1.0 |
| Pre-tax income | 738 | 803 | 790 | 829 | 628 |
| Income tax | 150 | 167 | 156 | 126 | 129 |
| Net income | 497 | 536 | 536 | 601 | 419 |
| Net income to common shareholders | 464 | 499 | 499 | 550 | 382 |
| Basic EPS | 12.27 | 13.34 | 13.72 | 15.46 | 10.83 |
| Diluted EPS | 12.25 | 13.30 | 13.67 | 15.41 | 10.78 |
| Average shares (basic) | 37.8 | 37.4 | 36.4 | 35.6 | 35.2 |
| Average shares (diluted) | 37.9 | 37.5 | 36.5 | 35.7 | 35.4 |
| Dividend per share | 11.70 | 10.55 | 9.80 | 8.55 | 7.63 |