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WATSCO INC

WSO

$325.49 ▼ -0.13 (-0.04%) at close

19 Visible periods

34 Metrics

Peer-ranked Benchmarks

Price Chart

Health

Good

Bullish

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Analytical Summary

WATSCO INC shows strong fundamentals with top-quartile Return on Common Equity (%). The company's metrics support a bullish outlook for growth-oriented investors.

Market Cap $12.3B

Dividend Yield 3.59%

Revenue Growth -5.0% ↘

Op. Margin 10.0% ↘

ROIC 20.6% ↘

FCF / Share $14.14 ↘

Trailing P/E 26.5x

Price / Book 4.4x

FCF Yield 4.3%

Debt / Equity —

info Valuation on last close. End-of-day price, Sep 23, 2026.

19-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Revenue Total top-line sales

$7.24B

↓ -5.0% —

Net Income Profit after all expenses

$496.99M

↓ -7.3% —

Operating Margin Operating profit as % of sales

10.0%

↓ -3.0% 56th

FCF / Share Free cash flow per share

$14.14

↓ -28.8% —

Long-Term Debt Long-term obligations

$245.81M

↓ -19.1% —

trending_up

Bullish Indicators

Return on Common Equity (%)Return on Common Equity (%) is in the top quartile

warning

Bearish Risks

No bearish risks detected.

Health Breakdown

Profitability ↑

Returns ↓

Financial Health ↑

Cash Quality ↑

Dividend History

Dividend / share · sourced from SEC filings

$11.70 Latest / share

+10.9% YoY

+17.4% 12-yr CAGR

$2.00

FY 2014

$2.80

FY 2015

$3.60

FY 2016

$4.60

FY 2017

$5.60

FY 2018

$6.40

FY 2019

$6.92

FY 2020

$7.62

FY 2021

$8.55

FY 2022

$9.80

FY 2023

$10.55

FY 2024

$11.70

FY 2025

Financial view

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📈 Is growth accelerating? 7 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
Revenue Growth YoY (%)	-5.0% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-200%)	4.6% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-8%)	0.1% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-97%)	15.8% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+217%)	24.2% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+385%)	6.0% Fair ↑ Fair Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+19%)	4.9% Caution ↑ Caution Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: At sector avg	4.7% Caution ↑ Caution Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-6%)	2.9% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-43%)	2.6% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-48%)	4.3% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-14%)	5.4% Fair ↓ Fair Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+8%)	9.1% Fair ↓ Fair Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+82%)	15.2% Good ↓ Good Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+205%)	4.7% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-6%)	42.1% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+742%)	17.7% Good Good Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+255%)	—	—
EPS Growth YoY (%)	-8.0% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	-2.8% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	-11.3% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	42.8% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	54.1% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	8.0% Fair → Fair Stable Year-over-year change in earnings per share Optimal: > 10%	0.2% Caution ↓ Caution Declining Year-over-year change in earnings per share Optimal: > 10%	11.9% Fair ↑ Fair Improving Year-over-year change in earnings per share Optimal: > 10%	12.6% Fair ↑ Fair Improving Year-over-year change in earnings per share Optimal: > 10%	5.1% Fair ↓ Fair Declining Year-over-year change in earnings per share Optimal: > 10%	13.4% Fair ↓ Fair Declining Year-over-year change in earnings per share Optimal: > 10%	17.3% Good ↑ Good Improving Year-over-year change in earnings per share Optimal: > 10%	36.7% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-1.8% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	10.4% Fair ↓ Fair Declining Year-over-year change in earnings per share Optimal: > 10%	75.4% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	-33.6% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	—	—
Net Income Growth YoY (%)	-7.3% Weak ↓ Weak Declining Year-over-year change in net income	-0.0% Weak ↓ Weak Declining Year-over-year change in net income	-10.8% Weak ↓ Weak Declining Year-over-year change in net income	43.5% Excellent ↑ Excellent Improving Year-over-year change in net income	55.4% Excellent ↑ Excellent Improving Year-over-year change in net income	9.6% Fair ↓ Fair Declining Year-over-year change in net income	1.2% Caution ↓ Caution Declining Year-over-year change in net income	16.7% Good ↑ Good Improving Year-over-year change in net income	13.9% Fair ↑ Fair Improving Year-over-year change in net income	5.7% Fair ↓ Fair Declining Year-over-year change in net income	14.2% Fair ↓ Fair Declining Year-over-year change in net income	18.5% Good ↑ Good Improving Year-over-year change in net income	23.6% Good ↓ Good Declining Year-over-year change in net income	14.2% Fair ↓ Fair Declining Year-over-year change in net income	12.0% Fair ↓ Fair Declining Year-over-year change in net income	86.5% Excellent Excellent Year-over-year change in net income	-28.3% Weak Weak Year-over-year change in net income	—	—
FCF Growth YoY (%)	-28.8% Weak Weak Year-over-year change in free cash flow	—	—	—	-37.7% Weak ↓ Weak Declining Year-over-year change in free cash flow	60.9% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	105.3% Excellent Excellent Year-over-year change in free cash flow	-49.2% Weak Weak Year-over-year change in free cash flow	—	—	—	—	—	228.1% Excellent Excellent Year-over-year change in free cash flow	-67.3% Weak Weak Year-over-year change in free cash flow	—	—	—	—
Revenue CAGR 3Y (%)	-0.2% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	6.7% Fair ↓ Fair Declining Compound annual revenue growth over 3 years	12.9% Good ↑ Good Improving Compound annual revenue growth over 3 years	15.1% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	11.4% Good ↑ Good Improving Compound annual revenue growth over 3 years	5.2% Fair ↑ Fair Improving Compound annual revenue growth over 3 years	4.2% Caution ↑ Caution Improving Compound annual revenue growth over 3 years	3.4% Caution ↓ Caution Declining Compound annual revenue growth over 3 years	3.3% Caution ↓ Caution Declining Compound annual revenue growth over 3 years	4.1% Caution ↓ Caution Declining Compound annual revenue growth over 3 years	6.2% Fair ↓ Fair Declining Compound annual revenue growth over 3 years	9.8% Fair ↓ Fair Declining Compound annual revenue growth over 3 years	9.6% Fair ↓ Fair Declining Compound annual revenue growth over 3 years	19.7% Excellent Excellent Compound annual revenue growth over 3 years	20.5% Excellent Excellent Compound annual revenue growth over 3 years	—	—	—	—
Revenue CAGR 5Y (%)	7.4% Fair ↓ Fair Declining Compound annual revenue growth over 5 years	9.8% Good → Good Stable Compound annual revenue growth over 5 years	9.9% Good ↑ Good Improving Compound annual revenue growth over 5 years	10.9% Good ↑ Good Improving Compound annual revenue growth over 5 years	8.3% Good ↑ Good Improving Compound annual revenue growth over 5 years	4.2% Fair → Fair Stable Compound annual revenue growth over 5 years	3.9% Caution ↓ Caution Declining Compound annual revenue growth over 5 years	4.0% Caution ↓ Caution Declining Compound annual revenue growth over 5 years	4.8% Fair ↓ Fair Declining Compound annual revenue growth over 5 years	7.2% Fair ↓ Fair Declining Compound annual revenue growth over 5 years	7.7% Fair ↓ Fair Declining Compound annual revenue growth over 5 years	14.5% Excellent Excellent Compound annual revenue growth over 5 years	17.1% Excellent Excellent Compound annual revenue growth over 5 years	—	—	—	—	—	—
EPS CAGR 3Y (%)	-7.4% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	7.2% Fair ↓ Fair Declining Compound annual EPS growth over 3 years	25.0% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	33.4% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	18.6% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	6.6% Fair ↓ Fair Declining Compound annual EPS growth over 3 years	8.1% Fair ↓ Fair Declining Compound annual EPS growth over 3 years	9.8% Fair ↓ Fair Declining Compound annual EPS growth over 3 years	10.3% Good ↓ Good Declining Compound annual EPS growth over 3 years	11.8% Good ↓ Good Declining Compound annual EPS growth over 3 years	22.1% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	16.3% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	14.0% Good ↓ Good Declining Compound annual EPS growth over 3 years	23.9% Excellent Excellent Compound annual EPS growth over 3 years	8.7% Fair Fair Compound annual EPS growth over 3 years	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
Operating Margin (%) (%)	10.0% Caution ↓ Caution Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-17%)	10.3% Caution → Caution Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-14%)	10.9% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-9%)	11.4% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	10.0% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-17%)	7.9% Caution → Caution Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-34%)	7.7% Caution ↓ Caution Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-36%)	8.2% Caution → Caution Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-32%)	8.2% Caution → Caution Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-32%)	8.2% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-32%)	8.2% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-32%)	7.8% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-35%)	7.2% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-40%)	6.6% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-45%)	6.7% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-44%)	5.8% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-51%)	4.0% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-66%)	5.8% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-52%)	—
Effective Tax Rate (%) (%)	20.3% Good ↑ Good Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	20.8% Good ↑ Good Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	19.7% Good ↑ Good Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	15.2% Good ↓ Good Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	20.5% Good ↑ Good Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	19.2% Good ↓ Good Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	18.5% Good ↓ Good Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	19.7% Good ↓ Good Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	26.0% Caution ↓ Caution Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	31.0% Weak → Weak Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	31.6% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	30.6% Weak Weak Actual taxes paid relative to pre-tax income Optimal: 15-25%	29.3% Caution Caution Actual taxes paid relative to pre-tax income Optimal: 15-25%	—	—	—	—	—	—
Profit Margin (%) (%)	6.9% Caution ↓ Caution Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-14%)	7.0% Caution ↓ Caution Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-12%)	7.4% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-8%)	8.3% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	6.7% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-17%)	5.3% Caution → Caution Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-33%)	5.2% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-36%)	5.3% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-33%)	4.8% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-40%)	4.3% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-46%)	4.2% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-47%)	3.8% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-52%)	3.4% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-57%)	3.0% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-62%)	3.0% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-62%)	2.8% Weak → Weak Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-65%)	2.2% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-73%)	3.6% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-56%)	—
FCF Margin (%) (%)	7.4% Caution ↓ Caution Declining Free cash flow as a percentage of revenue Optimal: > 10%	9.8% Caution ↑ Caution Improving Free cash flow as a percentage of revenue Optimal: > 10%	7.2% Caution → Caution Stable Free cash flow as a percentage of revenue Optimal: > 10%	7.4% Caution → Caution Stable Free cash flow as a percentage of revenue Optimal: > 10%	5.2% Caution ↓ Caution Declining Free cash flow as a percentage of revenue Optimal: > 10%	10.2% Fair ↑ Fair Improving Free cash flow as a percentage of revenue Optimal: > 10%	6.7% Caution ↑ Caution Improving Free cash flow as a percentage of revenue Optimal: > 10%	3.4% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	6.6% Caution Caution Free cash flow as a percentage of revenue Optimal: > 10%	—	—	—	—	4.7% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	1.6% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	5.1% Caution → Caution Stable Free cash flow as a percentage of revenue Optimal: > 10%	4.1% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	6.4% Caution Caution Free cash flow as a percentage of revenue Optimal: > 10%	—
FCF / Net Income (x)	1.08x Fair → Fair Stable Free cash flow relative to reported net income Optimal: > 1x	1.39x Good ↑ Good Improving Free cash flow relative to reported net income Optimal: > 1x	0.98x Caution ↓ Caution Declining Free cash flow relative to reported net income Optimal: > 1x	0.89x Caution ↓ Caution Declining Free cash flow relative to reported net income Optimal: > 1x	0.77x Caution ↓ Caution Declining Free cash flow relative to reported net income Optimal: > 1x	1.92x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	1.29x Good ↑ Good Improving Free cash flow relative to reported net income Optimal: > 1x	0.63x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	1.39x Good Good Free cash flow relative to reported net income Optimal: > 1x	—	—	—	—	1.56x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	0.53x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	1.79x Excellent → Excellent Stable Free cash flow relative to reported net income Optimal: > 1x	1.90x Excellent Excellent Free cash flow relative to reported net income Optimal: > 1x	1.81x Excellent Excellent Free cash flow relative to reported net income Optimal: > 1x	—

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
Return on Invested Capital (%)	20.6% Excellent ↓ Excellent Declining Return earned on debt + equity capital invested Optimal: > 10%	23.3% Excellent ↓ Excellent Declining Return earned on debt + equity capital invested Optimal: > 10%	28.6% Excellent → Excellent Stable Return earned on debt + equity capital invested Optimal: > 10%	37.3% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	30.0% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	21.8% Excellent → Excellent Stable Return earned on debt + equity capital invested Optimal: > 10%	20.8% Excellent ↓ Excellent Declining Return earned on debt + equity capital invested Optimal: > 10%	22.2% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	20.2% Excellent → Excellent Stable Return earned on debt + equity capital invested Optimal: > 10%	23.7% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	19.1% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	17.9% Excellent → Excellent Stable Return earned on debt + equity capital invested Optimal: > 10%	17.9% Excellent → Excellent Stable Return earned on debt + equity capital invested Optimal: > 10%	16.7% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	19.6% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	16.9% Excellent Excellent Return earned on debt + equity capital invested Optimal: > 10%	8.5% Fair Fair Return earned on debt + equity capital invested Optimal: > 10%	—	—
Return on Capital (%) (%)	16.3% Excellent ↓ Excellent Declining Operating profit relative to total assets Optimal: > 10%	17.5% Excellent ↓ Excellent Declining Operating profit relative to total assets Optimal: > 10%	21.3% Excellent ↑ Excellent Improving Operating profit relative to total assets Optimal: > 10%	23.8% Excellent ↑ Excellent Improving Operating profit relative to total assets Optimal: > 10%	20.4% Excellent ↑ Excellent Improving Operating profit relative to total assets Optimal: > 10%	16.1% Excellent → Excellent Stable Operating profit relative to total assets Optimal: > 10%	14.4% Good ↓ Good Declining Operating profit relative to total assets Optimal: > 10%	17.2% Excellent ↓ Excellent Declining Operating profit relative to total assets Optimal: > 10%	17.3% Excellent → Excellent Stable Operating profit relative to total assets Optimal: > 10%	18.4% Excellent ↑ Excellent Improving Operating profit relative to total assets Optimal: > 10%	18.8% Excellent ↑ Excellent Improving Operating profit relative to total assets Optimal: > 10%	17.1% Excellent ↑ Excellent Improving Operating profit relative to total assets Optimal: > 10%	16.2% Excellent ↑ Excellent Improving Operating profit relative to total assets Optimal: > 10%	13.4% Good ↑ Good Improving Operating profit relative to total assets Optimal: > 10%	15.7% Excellent ↑ Excellent Improving Operating profit relative to total assets Optimal: > 10%	13.4% Good Good Operating profit relative to total assets Optimal: > 10%	7.0% Caution Caution Operating profit relative to total assets Optimal: > 10%	—	—
Return on Common Equity (%) (%)	17.9% Good ↓ Good Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+19%)	20.2% Excellent ↓ Excellent Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+35%)	24.1% Excellent → Excellent Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+60%)	31.8% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+112%)	25.2% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+68%)	18.1% Good ↑ Good Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+21%)	17.1% Good → Good Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+14%)	18.0% Good → Good Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+20%)	16.0% Good ↓ Good Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+7%)	18.2% Good ↑ Good Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+21%)	18.1% Good ↑ Good Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+20%)	17.1% Good ↑ Good Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+14%)	15.2% Good ↑ Good Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: At sector avg	13.8% Fair ↑ Fair Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-8%)	11.3% Fair ↑ Fair Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-25%)	10.6% Fair Fair Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-30%)	5.9% Caution Caution Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-61%)	—	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
Debt to Equity (x)	—	—	—	—	—	—	—	—	—	—	0.26x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-63%)	0.34x Good → Good Stable Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-51%)	0.27x Excellent ↑ Excellent Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-61%)	0.42x Good ↑ Good Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-40%)	—	0.01x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-98%)	0.02x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-97%)	—	—
Interest Coverage (x)	1033.50x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	806.79x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	78.58x Excellent ↓ Excellent Declining Operating income divided by interest expense Optimal: > 5x	237.25x Excellent ↓ Excellent Declining Operating income divided by interest expense Optimal: > 5x	688.42x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	217.48x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	90.99x Excellent → Excellent Stable Operating income divided by interest expense Optimal: > 5x	135.80x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	55.61x Excellent ↓ Excellent Declining Operating income divided by interest expense Optimal: > 5x	93.09x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	60.71x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	58.73x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	46.52x Excellent → Excellent Stable Operating income divided by interest expense Optimal: > 5x	48.21x Excellent → Excellent Stable Operating income divided by interest expense Optimal: > 5x	44.65x Excellent Excellent Operating income divided by interest expense Optimal: > 5x	47.44x Excellent Excellent Operating income divided by interest expense Optimal: > 5x	—	—	—
Net Debt (USD)	$-433.28M	$-526.27M	$-210.11M	$-147.50M	$-118.27M	$-146.07M	$-74.45M	$-82.89M	$-80.50M	$-56.01M	$210.59M	$279.44M	$211.08M	$242.43M	$-15.67M	$-116.48M	$-44.66M	$-41.44M	$-9.40M
Debt / EBITDA (x)	—	—	—	—	—	—	—	—	—	—	0.69x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.94x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.80x Excellent ↑ Excellent Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.31x Good ↑ Good Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	0.06x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.15x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—

📊 What does each share earn? 8 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
Revenue per Share (USD)	$191.34	$203.74	—	—	$178.19	$144.14	$137.69	$132.48	$132.28	$129.54	$126.81	$122.09	$116.27	$108.32	$97.06	$93.37	—	—	—
Basic EPS, GAAP (USD)	$12.27	$13.34	$13.72	$15.46	$10.83	$7.03	$6.51	$6.50	$5.81	$5.16	$4.91	$4.33	$3.69	$2.70	$2.75	$2.49	$1.42	$2.14	—
Free Cash Flow per Share (USD)	$14.14	$19.87	—	—	$9.20	$14.77	$9.18	$4.47	$8.79	—	—	—	—	$5.08	$1.55	$4.74	—	—	—
Dividend per Share (USD)	$11.70	$10.55	$9.80	$8.55	$7.62	$6.92	$6.40	$5.60	$4.60	$3.60	$2.80	$2.00	$1.15	$7.48	$2.23	$2.04	$1.89	$1.75	—
Book Value per Share (USD)	$73.51	$71.06	—	—	$47.24	$42.39	$41.43	$39.27	$39.54	$30.87	$29.51	$27.36	$26.10	$23.62	$26.17	$25.09	—	—	—
Tangible Book Value per Share (USD)	$55.73	$53.40	—	—	$29.62	$25.78	$24.60	$23.54	$22.98	$14.35	$12.90	$9.60	$7.58	$4.15	$13.30	$13.26	—	—	—
Basic Weighted Avg Shares (shares)	37.84M	37.39M	—	—	35.24M	35.07M	34.64M	34.32M	32.82M	32.58M	32.44M	32.31M	32.20M	31.68M	30.68M	30.47M	—	—	—
Dividend Payout Ratio (%)	95.4% Weak ↑ Weak Improving Dividends paid as a percentage of earnings Optimal: 30-60%	79.1% Caution ↑ Caution Improving Dividends paid as a percentage of earnings Optimal: 30-60%	71.4% Caution → Caution Stable Dividends paid as a percentage of earnings Optimal: 30-60%	55.3% Fair ↓ Fair Declining Dividends paid as a percentage of earnings Optimal: 30-60%	70.4% Caution ↓ Caution Declining Dividends paid as a percentage of earnings Optimal: 30-60%	98.5% Weak ↑ Weak Improving Dividends paid as a percentage of earnings Optimal: 30-60%	98.3% Weak ↑ Weak Improving Dividends paid as a percentage of earnings Optimal: 30-60%	86.2% Caution ↑ Caution Improving Dividends paid as a percentage of earnings Optimal: 30-60%	79.2% Caution ↑ Caution Improving Dividends paid as a percentage of earnings Optimal: 30-60%	69.8% Fair ↑ Fair Improving Dividends paid as a percentage of earnings Optimal: 30-60%	57.0% Fair ↓ Fair Declining Dividends paid as a percentage of earnings Optimal: 30-60%	46.2% Good ↓ Good Declining Dividends paid as a percentage of earnings Optimal: 30-60%	31.2% Good ↓ Good Declining Dividends paid as a percentage of earnings Optimal: 30-60%	277.0% Weak ↑ Weak Improving Dividends paid as a percentage of earnings Optimal: 30-60%	81.1% Caution ↓ Caution Declining Dividends paid as a percentage of earnings Optimal: 30-60%	81.9% Caution ↓ Caution Declining Dividends paid as a percentage of earnings Optimal: 30-60%	133.1% Weak Weak Dividends paid as a percentage of earnings Optimal: 30-60%	81.8% Caution Caution Dividends paid as a percentage of earnings Optimal: 30-60%	—

🏦 How resilient is the balance sheet? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
Working Capital (USD)	$2.24B	$2.10B	$1.68B	$1.39B	$1.23B	$997.30M	$1.09B	$1.08B	$920.92M	$925.27M	$910.96M	$870.31M	$777.60M	$733.09M	$605.14M	$572.00M	$531.37M	—	—
LT Debt (USD)	—	—	—	—	—	—	—	—	—	—	$245.81M	$303.88M	$230.56M	$316.20M	—	$10.02M	$13.43M	—	—
Total Equity (USD)	$2.78B	$2.66B	$2.23B	$1.89B	$1.66B	$1.49B	$1.44B	$1.35B	$1.30B	$1.01B	$957.31M	$883.96M	$840.40M	$748.21M	$802.79M	$764.46M	$738.03M	—	—

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
Sales/Revenue/Turnover (USD)	$7.24B	$7.62B	$7.28B	$7.27B	$6.28B	$5.05B	$4.77B	$4.55B	$4.34B	$4.22B	$4.11B	$3.94B	$3.74B	$3.43B	$2.98B	$2.84B	$2.00B	$1.70B	—
Depreciation Expense (USD)	$43.75M	$40.82M	$35.09M	$31.68M	$28.13M	$25.91M	$24.51M	$22.09M	$22.03M	$20.07M	$19.12M	$17.93M	$17.71M	$15.91M	$11.72M	$10.77M	$8.53M	$7.07M	—
Net Income, GAAP (USD)	$496.99M	$536.29M	$536.34M	$601.17M	$418.94M	$269.58M	$245.95M	$242.93M	$208.22M	$182.81M	$172.93M	$151.39M	$127.72M	$103.33M	$90.45M	$80.76M	$43.31M	$60.37M	—
Operating Cash Flow (USD)	$569.61M	$773.10M	$561.95M	$571.96M	$349.57M	$534.38M	$335.77M	$170.56M	$306.52M	—	—	—	—	$173.34M	$61.45M	$152.80M	$88.29M	$113.47M	—

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Synced yesterday 19 years · 72 quarters

WATSCO INC

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