$368.36
+1.2%Watsco, Inc., together with its subsidiaries, distributes air conditioning, heating, refrigeration equipment, and related parts and supplies. The company distributes equipment comprising residential ducted and ductless air conditioners, such as gas, electric, and oil furnaces; commercial air conditioning and heating equipment systems; and other specialized equipment. It also offers parts, including replacement compressors, evaporator coils, motors, and other component parts; and supplies, such as thermostats, insulation materials, refrigerants, ductworks, grills, registers, sheet metals, tools, copper tubing, concrete pads, tapes, adhesives, and other ancillary supplies, as well as plumbing and bathroom remodeling supplies. The company serves contractors and dealers that service the replacement and new construction markets for residential and light commercial central air conditioning, heating, and refrigeration systems. As of December 31, 2021, it operated from 671 locations in the United States, Canada, Mexico, and Puerto Rico, as well as exports its products to Latin America and the Caribbean Basin. Watsco, Inc. was founded in 1945 and is headquartered in Miami, Florida.
Excellent cash generation. The company converts earnings to cash at or above 100%, indicating high-quality earnings.
Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.
Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.
Minimal working capital impact on FCF. Changes in operating assets and liabilities well-managed.
Asset-light with strong cash conversion: Low capital requirements combined with efficient cash generation creates significant shareholder value through dividends, buybacks, or strategic investments.
WSO โข NYSE
| Watsco, Inc. Cash Flow Statement | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | Dec 2008 | Dec 2007 | Dec 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
OPERATING ACTIVITIES | ||||||||||||||||||||
464.2M | 635.7M | 634.1M | 703.7M | 498.7M | 323.2M | 295.8M | 296.5M | 257.3M | 236M | 226.5M | 208.7M | 187.7M | 157.6M | 137.7M | 111.7M | 51.6M | 60.4M | 67.5M | 82.2M | |
43.8M | 40.8M | 35.1M | 31.7M | 28.1M | 25.9M | 24.5M | 22.1M | 22M | 20.1M | 19.1M | 17.9M | 17.7M | 15.9M | 11.7M | 10.8M | 8.5M | 7.1M | 6.4M | 5.9M | |
18.4M | 229K | -7.2M | 13.5M | 5.9M | 40K | 1.3M | 8.3M | -10.7M | 2.7M | 4.7M | 289K | 8.6M | 6.7M | 8.3M | 12.7M | 2M | 447K | 4.1M | -659K | |
0.0 | 35M | 30M | 28.8M | 25.4M | 22.1M | 17M | 15.5M | 13.3M | 12.3M | 12.6M | 11.5M | 10M | 7.9M | 6.7M | 5.2M | 5.3M | 6.5M | 0.0 | 0.0 | |
145.3M | -16.9M | -10.3M | -9M | -6.9M | -4M | -2.6M | -3.7M | 648K | 5.6M | 1.7M | 1.2M | -35K | 2.6M | 3.4M | 211K | -2.4M | 137K | 6.8M | 1.3M | |
(0.0) | (124.6M) | (188.4M) | (105.7M) | (125M) | (70.9M) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | |
-102.1M | 78.2M | -119.8M | -196.7M | -201.7M | 167.1M | -207K | -168.2M | 19.3M | 1M | -43.3M | -94.7M | -74.7M | -17.5M | -106.4M | 12.2M | 23.4M | 39M | 23.2M | -20.2M | |
569.6M | 773.1M | 562M | 572M | 349.6M | 534.4M | 335.8M | 170.6M | 301.8M | 277.8M | 221.4M | 145M | 150.3M | 173.3M | 61.5M | 152.8M | 88.3M | 113.5M | 108M | 68.5M | |
INVESTING ACTIVITIES | ||||||||||||||||||||
-34.6M | -30.1M | -35.5M | -35.7M | -25.5M | -16.4M | -17.8M | -17.2M | -17.9M | -43.6M | -23.7M | -21.5M | -14.6M | -12.3M | -13.9M | -8.4M | -5.9M | -4M | -6.1M | -9.9M | |
-18.7M | -5.2M | -6.7M | -47K | -129.5M | (0.0) | -64.6M | -9.4M | -63.6M | (0.0) | (0.0) | (0.0) | (0.0) | -80.5M | -43.5M | -3.8M | -9.8M | (76K) | -109M | -9.9M | |
-300.5M | -255.7M | -500K | (0.0) | -1M | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | -5.2M | -2.8M | |
255.7M | 0.0 | 0.0 | 0.0 | 6M | 0.0 | 68.2M | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 8.6M | 0.0 | |
0.0 | 262K | 1.3M | 1.9M | 1.4M | 94K | 1.4M | 228K | 168K | 744K | 760K | 2.4M | 323K | 504K | 737K | 2.1M | 249K | 226K | 3.7M | 339K | |
-98.1M | -290.7M | -41.3M | -33.8M | -148.6M | -16.3M | -81M | -26.3M | -81.3M | -42.8M | -22.9M | -19.1M | -14.3M | -92.3M | -56.6M | -10.1M | -15.5M | -3.7M | -108M | -22.3M | |
FINANCING ACTIVITIES | ||||||||||||||||||||
42.8M | 242.1M | 12.4M | -87.1M | 19.9M | 17M | 11.8M | 2.8M | 248.3M | 1.7M | 4.5M | 4.2M | 2.2M | 5.3M | 5.4M | 6M | 10.3M | 1.1M | -5.3M | -11.5M | |
-6M | -21.4M | -45M | -35.6M | 87M | -157.1M | 19.3M | 113.7M | -213.5M | -10.2M | -56.4M | 74.6M | -83.4M | 294.6M | 9.9M | 0.0 | -7.5M | -34.3M | 13.6M | -10.1M | |
-473.8M | -423.5M | -382.6M | -332.4M | -294.5M | -265.7M | -241.4M | -209.2M | -164.1M | -127.6M | -98.5M | -69.9M | -39.8M | -256.2M | -73.3M | -66M | -57.1M | -49.4M | -36.7M | -26.4M | |
-3.7M | -39.7M | -2.8M | -87.1M | -1.1M | -2.3M | -1.5M | -3.8M | -4.7M | -4M | -1.5M | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | -4.8M | -9.4M | -15.3M | |
-131.2M | 44.3M | -44.7M | -48.8M | -41M | -42.6M | -53.7M | -46.9M | -72.8M | -81.8M | -37.3M | -129.5M | -68.4M | -68.9M | -57.6M | -10.8M | 4.5M | -29.2M | 3M | 8.4M | |
-568.1M | -158.5M | -460.1M | -504M | -228.6M | -448.5M | -264M | -139.6M | -202.1M | -217.9M | -187.8M | -120.2M | -189M | -23.1M | -115.6M | -74.3M | -56.1M | -77.8M | -24.9M | -39.6M | |
CASH FLOW SUMMARY | ||||||||||||||||||||
3.6M | -7.7M | 2.1M | -4.9M | -186K | 2.1M | 849K | -2.2M | 1.4M | -226K | -1.3M | -680K | -1.3M | 127K | 0.0 | 0.0 | 0.0 | 0.0 | 9.8M | -9.8M | |
-93M | 316.2M | 62.6M | 29.2M | -27.8M | 71.6M | -8.4M | 2.4M | 24.5M | 20.8M | 10.8M | 5M | -54.3M | 58.1M | -110.8M | 68.4M | 16.6M | 32M | -15.1M | -3.1M | |
526.3M | 210.1M | 147.5M | 118.3M | 146.1M | 74.5M | 82.9M | 80.5M | 56M | 35.2M | 24.4M | 19.5M | 73.8M | 15.7M | 126.5M | 58.1M | 41.4M | 9.4M | 24.5M | 27.6M | |
433.3M | 526.3M | 210.1M | 147.5M | 118.3M | 146.1M | 74.5M | 82.9M | 80.5M | 56M | 35.2M | 24.4M | 19.5M | 73.8M | 15.7M | 126.5M | 58.1M | 41.4M | 9.4M | 24.5M | |
535.5M | 743M | 526.5M | 536.3M | 324.1M | 517.9M | 318M | 153.4M | 288.6M | 238.2M | 199.2M | 123.5M | 135.7M | 161M | 47.5M | 144.4M | 82.4M | 109.5M | 101.9M | 58.7M |
WSO - Filing history and reports
| Filing Type | Filing Date | Period Ending | Fiscal Year | Actions |
|---|---|---|---|---|
10-Q 10-Q 2026 Q1 Q1 | May 08, 2026 | March 31, 2026 | 2026 | |
8-K 8-K 2026 N/A | April 29, 2026 | April 23, 2026 | 2026 | |
8-K 8-K 2026 N/A | April 28, 2026 | April 28, 2026 | 2026 | |
DEF 14A DEF 14A 2026 N/A | April 24, 2026 | June 01, 2026 | 2026 | |
10-K 10-K 2025 FY FY | February 27, 2026 | December 31, 2025 | 2025 | |
8-K 8-K 2026 N/A | February 17, 2026 | February 17, 2026 | 2026 | |
10-Q 10-Q 2025 Q3 Q3 | November 07, 2025 | September 30, 2025 | 2025 | |
8-K 8-K 2025 N/A | October 29, 2025 | October 29, 2025 | 2025 | |
10-Q 10-Q 2025 Q2 Q2 | August 08, 2025 | June 30, 2025 | 2025 | |
8-K 8-K 2025 N/A | July 30, 2025 | July 30, 2025 | 2025 |
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