Watsco revenue and financials

WSO · NYSE · USD

$282.56−2.84%−$8.27

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.

Income statement · 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 revenue	2,105	1,533	1,579	2,067	2,062	1,531	1,754	2,160	2,139	1,565	1,603	2,127
Cost of revenue	1,526	1,105	1,150	1,498	1,459	1,101	1,286	1,594	1,560	1,134	1,189	1,560
Gross profit	579	428	428	569	603	430	468	566	580	431	414	567
Selling, general and administrative	349	323	289	343	338	322	298	328	321	309	277	319
Operating income	230	105	96.1	226	265	107	129	239	259	121	102	247
EBIT	230	105	96.1	226	265	107	129	239	259	121	102	247
EBITDA	241	116	107	237	276	118	140	249	269	131	112	256
Interest expense	—	—	—	—	—	—	—	—	—	—	—	1.9
Pre-tax income	242	117	107	238	274	118	143	257	274	129	109	255
Income tax	50.6	23.7	20.3	49.3	57.4	23.1	27.7	55.4	59.1	24.7	11.0	54.1
Net income	163	79.1	71.7	162	184	80.1	96.8	171	181	87.0	82.5	171
Net income to common shareholders	153	73.0	67.1	151	171	74.8	90.2	159	169	80.2	76.8	159
Basic EPS	4.00	1.92	1.77	3.98	4.53	1.98	2.39	4.24	4.50	2.17	2.09	4.36
Diluted EPS	4.00	1.92	1.77	3.98	4.52	1.98	2.39	4.22	4.49	2.17	2.09	4.35
Average shares (basic)	38.2	37.9	37.9	37.9	37.8	37.8	37.7	37.6	37.5	36.9	36.8	36.4
Average shares (diluted)	38.2	38.0	37.9	37.9	37.9	37.9	37.7	37.7	37.6	37.0	36.8	36.6
Dividend per share	3.30	3.00	3.00	3.00	3.00	2.70	2.70	2.70	2.70	2.45	2.45	2.45