Watsco revenue and financials

WSO · NYSE · USD

$281.52−3.20%−$9.31

Close · October 7, 2026

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%.

Annual revenue · 2025: $7.24B

Fiscal year ending in December. Sources and method on the page Methodology and sources.

At a glance

Amounts in millions of USD; per-share values in USD; shares in millions.

Balance sheet · Quarterly
Item	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023
Total assets	5,085	4,649	4,415	4,555	4,730	4,454	4,480	4,517	4,395	4,357	3,729	4,039
Current assets	3,454	3,181	2,955	3,116	3,300	3,035	3,080	3,133	3,034	2,998	2,392	2,731
Cash and equivalents	364	393	433	324	293	432	526	294	225	279	210	175
Short-term investments	100	200	300	200	0.0	—	256	256	200	200	—	—
Receivables	1,061	839	796	942	1,016	794	878	945	1,001	832	798	949
Inventory	1,890	1,715	1,386	1,602	1,953	1,776	1,385	1,597	1,573	1,656	1,347	1,550
Net property, plant and equipment	656	594	589	566	563	571	560	541	523	522	505	497
Goodwill	560	461	463	465	466	455	452	459	458	459	457	492
Other intangible assets	205	208	210	207	210	207	208	212	212	214	218	172
Long-term investments	200	196	190	192	182	178	171	164	159	154	149	140
Current liabilities	1,080	952	718	812	1,071	925	984	933	945	1,026	712	888
Accounts payable	660	587	350	411	678	546	491	549	564	688	369	509
Long-term debt	—	—	—	—	—	—	—	—	—	—	15.4	106
Total debt	535	486	479	458	454	—	—	—	—	—	—	—
Total liabilities	1,612	1,435	1,193	1,253	1,508	1,366	1,415	1,356	1,351	1,430	1,113	1,373
Total equity (incl. minority)	3,473	3,215	3,222	3,302	3,222	3,088	3,064	3,162	3,044	2,928	2,616	2,666
Retained earnings	1,306	1,277	1,319	1,369	1,329	1,267	1,296	1,308	1,246	1,173	1,183	1,197
Minority interest	479	453	441	487	461	423	407	465	433	401	386	442