Stocks Consumer discretionary WSO
NYSE · Consumer discretionaryWatsco Inc (WSO)
Watsco Inc brought in $7.4B of revenue over the twelve months to September 30, 2026, up 0.3% from a year earlier. Net income was $469.5M, a net margin of 6.3%. Operating cash flow minus capital spending left $535.1M of free cash flow in fiscal 2025. At September 30, 2026 it held $498.7M in cash against $124.4M of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on November 6, 2026.
Key facts about Watsco Inc
- Net worth
- Watsco Inc has a market value (market cap) of $12.7B at the latest share price, and shareholders' equity of $3B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $7.2B (-5.0% year on year), with net income of $497M. Over the 12 months to September 30, 2026: revenue $7.4B, net income $469.5M.
- Cash flow
- In fiscal 2025 operations brought in $569.6M of cash; after $34.6M of capital spending, free cash flow was $535.1M.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on November 6, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- Watsco Inc's next report is expected around February 16, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
- Dividend
- Watsco Inc declared dividends of $11.70 per share in fiscal 2025, a yield of 3.81% at the current price.
What Watsco Inc does
Watsco Inc is registered with the SEC under industry code SIC 5070 (Wholesale-Hardware & Plumbing & Heating Equipment & Supplies). Its shares trade on NYSE under the ticker WSO.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $7.2B | $497M | $12.25 | $535.1M |
| 2024 | $7.6B | $536.3M | $13.30 | $743M |
| 2023 | $7.3B | $536.3M | $13.67 | $526.5M |
| 2022 | $7.3B | $601.2M | $15.41 | $536.3M |
| 2021 | $6.3B | $418.9M | $10.78 | $324.1M |
| 2020 | $5.1B | $269.6M | $7.01 | $517.9M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where WSO ranks in Consumer discretionary
Dividends
Watsco Inc declared $11.70 per share in fiscal 2025. At the current price that is a yield of 3.81%. It paid out $473.8M in cash dividends, 95% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | $11.70 | $473.8M | 95% |
| 2024 | $10.55 | $423.5M | 79% |
| 2023 | $9.80 | $382.6M | 71% |
| 2022 | $8.55 | $332.4M | 55% |
| 2021 | $7.63 | $294.5M | 70% |
| 2020 | $6.93 | $265.7M | 99% |
Latest SEC filings
What Watsco Inc has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 6, 2026Quarterly report 10-Q · period to September 30, 2026Revenue rose 7.4% to $2.2B versus the same quarter last year; diluted EPS $3.77 versus $3.98.
- October 27, 2026
- October 27, 2026
- October 14, 2026Unregistered share sale 8-K/A
- October 14, 2026Exhibits 8-K
- September 17, 2026
- August 7, 2026Quarterly report 10-Q · period to June 30, 2026Revenue rose 2.1% to $2.1B versus the same quarter last year; diluted EPS $4.00 versus $4.52.
- July 29, 2026
- June 4, 2026Unregistered share sale 8-K/A
- June 4, 2026Exhibits 8-K
What is WSO worth? A DCF from its reported cash flow
Insider trades
What the people running Watsco Inc did with its shares, from the Form 4 filings they must send the SEC within two business days.
No insider bought or sold shares on the open market in the last 90 days. The 2 reported changes were pay in shares, option exercises, shares withheld for tax or gifts.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| October 9, 2026 | Nahmad Aaron JPresident, Director | Received as pay | 16,078 | $4.5M |
| October 9, 2026 | Logan Barry SExecutive Vice President, Director | Received as pay | 3,573 | $1M |
| March 11, 2026 | Nahmad Albert HChairman and CEO, Director | Other changeindirect | 25 | $8.4K |
| March 11, 2026 | Nahmad Aaron JPresident, Director | Other changeindirect | 25 | $8.4K |
| March 11, 2026 | Logan Barry SExecutive Vice President, Director | Other changeindirect | 19 | $6.4K |
| March 11, 2026 | Menendez Ana MCFO / Treasurer | Other changeindirect | 25 | $8.4K |
| December 12, 2025 | Lopez-Blazquez AnaDirector | Exercised options | 1,000 | $250.8K |
| December 12, 2025 | Lopez-Blazquez AnaDirector | Shares withheld for tax | 707 | $250.7K |
Who owns WSO
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Capital International Investors13G, passive | 10.1% | May 14, 2026 |
| Fmr LLC13G, passive with 1 related filers | 5.6% | February 5, 2026 |
| Capital Research Global Investors13G, passive | 5.4% | May 14, 2026 |
| Vanguard Capital Management13G, passive | 5.22% | April 30, 2026 |
| Vanguard Portfolio Management13G, passive | 5.02% | April 29, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 782 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| BlackRock, Inc. | 4,192,919 | +102,864 |
| Capital International Investors | 3,485,525 | +8,294 |
| Capital Research Global Investors | 1,902,230 | +3,627 |
| Vanguard Portfolio Management LLC | 1,770,531 | +19,477 |
| Fmr LLC | 1,705,273 | -185,049 |
| Vanguard Capital Management LLC | 1,579,210 | +11,711 |
| Charles Schwab Investment Management Inc | 1,459,768 | +119,367 |
| State Street Corp | 1,323,011 | +49,070 |
| Kayne Anderson Rudnick Investment Management LLC | 1,134,361 | -194,844 |
| Baillie Gifford & Co | 1,129,536 | -7,722 |
| Morgan Stanley | 902,406 | +11,414 |
| Geode Capital Management, LLC | 659,265 | +5,235 |
| Markel Group Inc. | 597,750 | +15,581 |
| Blair William & Co | 564,024 | -18,676 |
| DAVENPORT & Co LLC | 530,366 | -14,912 |
| Wells Fargo & Company | 398,839 | -22,349 |
| Raymond James Financial Inc | 386,397 | -40,508 |
| UBS Group AG | 360,182 | -2,945 |
| Norges Bank | 340,450 | new |
| Capital World Investors | 339,018 | 0 |
Insiders
6 insiders reported holding 45,575 shares in total, about $14M at the last price.
| Holder | Shares |
|---|---|
| Dickins DeniseDirector | 21,638 |
| Nahmad Aaron JPresident, Director | 16,604526 held indirectly |
| Logan Barry SExecutive Vice President, Director | 5,3751,802 held indirectly |
| Menendez Ana MCFO / Treasurer | 1,5731,573 held indirectly |
| Lopez-Blazquez AnaDirector | 293 |
| Nahmad Albert HChairman and CEO, Director | 9292 held indirectly |
Questions about WSO
What does Watsco Inc do?
Watsco Inc is a company in the Consumer discretionary sector, listed on NYSE as WSO. Its shares trade on NYSE under the ticker WSO.
What is Watsco Inc's net worth?
Watsco Inc has a market value (market cap) of $12.7B at the latest share price, and shareholders' equity of $3B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Watsco Inc profitable?
Yes. Over the twelve months to September 30, 2026 it reported net income of $469.5M on revenue of $7.4B, a net margin of 6.3%.
How much revenue does Watsco Inc make?
Over the twelve months to September 30, 2026 Watsco Inc reported revenue of $7.4B. That is 0.3% more than a year earlier.
When did Watsco Inc last report?
Its most recent periodic report is the quarterly report (10-Q) filed on November 6, 2026. It covers the period to September 30, 2026.
When is Watsco Inc's next earnings report?
Watsco Inc's next report is expected around February 16, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
Does Watsco Inc pay a dividend?
Yes. Watsco Inc declared dividends of $11.70 per share in fiscal 2025, a yield of 3.81% at the current price.
Similar companies
Compare WSO with
Follow WSO
Get an email when Watsco Inc files with the SEC: results, executive changes, material agreements and annual reports.
Where the numbers come from
Financial figures are the values Watsco Inc tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.