Watsco, Inc. (WSO)

NYSE: WSO · Wholesale-Hardware & Plumbing & Heating Equipment & Supplies · Coconut Grove, FL · filing with the SEC since 1994

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Grade6.0

◀ Past 5.2● Present 7.2▶ Future 4.9

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Income statement, as filed

In thousands of US dollars (USD), as filed; per-share figures in US dollars; share counts. The fiscal year ends in December.

Income statement, by fiscal year, newest first
Fiscal year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016
Report filed	Feb 27, 2026	Feb 28, 2025	Feb 23, 2024	Feb 24, 2023	Feb 25, 2022	Feb 26, 2021	Feb 28, 2020	Feb 28, 2019	Mar 1, 2018	Feb 21, 2017
Revenue	7,239,290	7,618,317	7,283,767	7,274,344	6,280,192	5,054,928	4,770,362	4,546,653	4,341,955	4,220,702
For lenders
Net interest income	17,329	20,869	-4,920	-2,165	-996	-1,239	-4,032	-2,740	-6,363	-3,713
Cost of revenue	5,208,826	5,573,604	5,291,627	5,244,055	4,612,647	3,832,107	3,613,406	3,426,401	3,276,296	3,186,118
Gross profit	2,030,464	2,044,713	1,992,140	2,030,289	1,667,545	1,222,821	1,156,956	1,120,252	1,065,659	1,034,584
Selling, general and administrative	1,337,882	1,293,439	1,223,507	1,221,382	1,058,316	833,051	800,328	757,452	715,671	688,952
Operating income	720,347	781,775	794,810	831,578	628,528	401,034	366,884	372,082	353,874	345,632
Share of profit of equity-method investments	27,765	30,501	26,177	22,671	19,299	11,264	10,256	9,282	3,886	·
Income before income taxes	737,676	802,644	789,890	829,413	627,532	399,795	362,852	369,342	347,511	341,919
Income tax expense	150,088	166,904	155,751	125,717	128,797	76,623	67,077	72,813	90,221	105,936
Net income including non-controlling interests	587,588	635,740	634,139	703,696	498,735	323,172	295,775	296,529	257,290	235,983
Net income to non-controlling interests	90,594	99,454	97,802	102,529	79,790	53,593	49,825	53,597	49,069	53,173
Net income	496,994	536,286	536,337	601,167	418,945	269,579	245,950	242,932	208,221	182,810
Net income to common shareholders	464,184	498,894	499,371	·	381,672	246,439	225,538	223,140	190,791	168,004
Earnings per share, basic	12.27	13.34	13.72	15.46	10.83	7.03	6.51	6.50	5.81	5.16
Earnings per share, diluted	12.25	13.30	13.67	15.41	10.78	7.01	6.50	6.49	5.81	5.15
Weighted average shares, basic	37,835,054	37,391,461	36,406,148	·	35,244,230	35,069,516	34,644,700	34,319,890	32,824,947	32,582,385
Weighted average shares, diluted	37,899,859	37,510,332	36,531,683	·	35,423,838	35,150,571	34,675,641	34,374,269	32,862,633	32,616,504

As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.A dot is a line not tagged for that period. ^r restated by the company in a later report; ^b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.

What each line is, and the XBRL concept behind it

Revenue what customers paid for what it soldus-gaap:Revenues

Net interest income interest earned less interest paidus-gaap:InterestIncomeExpenseNet

Cost of revenue what it cost to make or buy what it soldus-gaap:CostOfGoodsAndServicesSold

Gross profit revenue less the cost of what it soldus-gaap:GrossProfit

Selling, general and administrative the cost of selling and of running the companyus-gaap:SellingGeneralAndAdministrativeExpense

Operating income profit from running the business, before interest and taxus-gaap:OperatingIncomeLoss

Share of profit of equity-method investments its share of companies it partly ownsus-gaap:IncomeLossFromEquityMethodInvestments

Income before income taxes profit before taxus-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest

Income tax expense tax charged on the period's profitus-gaap:IncomeTaxExpenseBenefit

Net income including non-controlling interests the whole group's profit, minority holders' share includedus-gaap:ProfitLoss

Net income to non-controlling interests the share that belongs to minority holdersus-gaap:NetIncomeLossAttributableToNoncontrollingInterest

Net income the profit or loss that belongs to the company's shareholdersus-gaap:NetIncomeLoss

Net income to common shareholders what is left for common shareholdersus-gaap:NetIncomeLossAvailableToCommonStockholdersBasic

Earnings per share, basic net income per share outstandingus-gaap:EarningsPerShareBasic

Earnings per share, diluted net income per share, counting every share that could be issuedus-gaap:EarningsPerShareDiluted

Weighted average shares, basic the average count of shares outstandingus-gaap:WeightedAverageNumberOfSharesOutstandingBasic

Weighted average shares, diluted the average count with every share that could be issuedus-gaap:WeightedAverageNumberOfDilutedSharesOutstanding

SI Assistanton WSO · research, not advice