Watsco, Inc.

Watsco, Inc.

WSOยทNYSE

$368.36

+1.2%
IndustrialsIndustrial - Distribution

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.

At a Glance

Live Snapshot
Market Cap$14.98B
EPS12.2500
P/E Ratio30.07
Earnings Date07/29/2026
3Y-
5Y+7.0%
10Y+105.0%
3Y+190.0%
5Y+500.0%
10Y+129.0%
3Y+13.0%
5Y+27.0%
10Y+161.0%
WSO

Watsco, Inc. Cash Conversion Engine

WSO ยท NYSE
Net Income464.18M
Depreciation & Amortization43.75M
Stock-Based Compensation0.00
Change in Working Capital-102.09M
Others145.33M
Capital Expenditures-34.09M
Free Cash Flow535.52M

Cash Flow Quality Analysis

FCF Conversion Rate

115.4%

Excellent cash generation. The company converts earnings to cash at or above 100%, indicating high-quality earnings.

CapEx Intensity

6.0%

Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.

FCF Growth Trend

-27.9%

Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.

Working Capital Impact

-$102.09M

Minimal working capital impact on FCF. Changes in operating assets and liabilities well-managed.

Cash Flow Quality Insight

Asset-light with strong cash conversion: Low capital requirements combined with efficient cash generation creates significant shareholder value through dividends, buybacks, or strategic investments.

Watsco, Inc. Cash Flow Statement

WSO โ€ข NYSE

Watsco, Inc. Cash Flow StatementDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009Dec 2008Dec 2007Dec 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

SEC Filings

WSO - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
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
Showing 1 to 10 of 346 filings