Company Analysis

Watsco, Inc. (WSO)

NYSE: WSO · Wholesale-Hardware & Plumbing & Heating Equipment & Supplies · Coconut Grove, FL · filing with the SEC since 1994
Grade6.0
◀ Past 5.2● Present 7.2▶ Future 4.9
The companyfiscal 2025, as filed
Revenue$7.24B-5.0%
Net income$497M-7.3%
Earnings per share$12.25-7.9%
Operating cash flow$570M-26.3%
Cash$433M-17.7%
Debt$362M+7.2%
Shareholders’ equity$3.22B+5.2%
Shares, diluted37.9M+1.0%
Return on equity15.4%
The recordfrom its filings
Filings in 202645
Newest filingNov 6 · 10-Q
Annual reportFeb 27, 2026
Quarterly reportNov 6, 2026
Next report due10-K by Mar 1
Insider sales, 12 months$0.00
Insider buys, 12 months$0.00
Patents granted3,975
Filer categoryLarge accelerated filer
Trailing twelve months to Sep 2026Revenue $7.44BNet income $470MCash from operations $703Mthe four newest filed quarters added
Left: the newest annual report, with the change on the year before. Right: counted from the company's own filings with the SEC.
Revenue and net income by fiscal yearRevenueNet income
16171819202122232425
As filed, in USD. Nothing here is a forecast.

The company now

Watsco reported third-quarter 2026 revenue up 7 percent to a record $2.22 billion on 27 October 2026 1. Operating income fell 4 percent to $225 million, and earnings per share were $3.77 1.

Gross margin, the share of sales left after the cost of the goods, was 26.4 percent against 27.5 percent a year earlier 1. The company tied that to its mix of customers and markets and to smaller manufacturer price increases in 2026 than in 2025 1.

Jackson Supply was acquired in June 2026 and The Granite Group in October 2026, and the company says they added 107 locations and $730 million in annualized revenue 1. Jackson contributed $78 million of third-quarter sales 1.

On 21 October 2026 Watsco also signed a five-year, $750 million unsecured credit facility that replaces a $600 million one 2. Demand for heating equipment is usually highest in the first and fourth quarters, and the new network will be tested through that season 3.

As of Nov 4, 2026. Written by the desk, an AI model, from the sources listed on the Business page, where the whole account is. Nothing here is advice.

Newer filings are on file since this was written; an update is queued.

News

Nov 6, 2026 · SEC EDGAR · Form 10-Q
Quarterly report
Open the filing on sec.gov
Oct 27, 2026 · SEC EDGAR · Form 8-K
Current report
Open the filing on sec.gov
Oct 27, 2026 · SEC EDGAR · Form 8-K
Results released
Open the filing on sec.gov
Oct 19, 2026 · SEC EDGAR · Form 4
Insider trade report
Open the filing on sec.gov
Oct 14, 2026 · SEC EDGAR · Form 8-K
Current report
Open the filing on sec.gov
Oct 13, 2026 · SEC EDGAR · Form 4
Insider trade report
Open the filing on sec.gov
Oct 13, 2026 · SEC EDGAR · Form 4
Insider trade report
Open the filing on sec.gov
Sep 17, 2026 · SEC EDGAR · Form 8-K
Current report
Open the filing on sec.gov
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SI Assistanton WSO · research, not advice