NYSE:WSO
Watsco Inc.
Watsco Inc.'s revenue fell 5.0% in fiscal 2025 to $7.2B while operating margin fell to 10.0%. Free cash flow was $535.1M, 7.4% of revenue, and the diluted share count rose 1.0%.Summary generated from Watsco Inc.'s SEC filings. Latest annual report filed Feb 27, 2026.
Key statistics
Fiscal 2025 from SEC filings. MethodologyRevenue (FY25)$7.2B
Revenue growth−5.0%
Revenue, 5-yr CAGR+7.4%
Gross margin28.0%
Operating margin10.0%
Net margin6.9%
ROIC21.2%
Return on equity18.3%
Debt / equity0.17
Free cash flow$535.1M
FCF margin7.4%
Share count change+1.0%
Financials
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | 6,280 | 7,274 | 7,284 | 7,618 | 7,239 |
| Operating income | 629 | 832 | 795 | 782 | 720 |
| Net income | 419 | 601 | 536 | 536 | 497 |
| Free cash flow | 324 | 536 | 526 | 743 | 535 |
Recent filings
- 8-KCurrent report
Sep 17, 2026 - 10-QQuarterly report for the period ended Jun 30, 2026
Aug 7, 2026 - 8-KResults of operations and financial condition
Jul 29, 2026 - 8-K/AAmended current report
Jun 4, 2026 - 8-KCurrent report
Jun 4, 2026 - 8-KResults of a shareholder vote
Jun 3, 2026 - 10-QQuarterly report for the period ended Mar 31, 2026
May 8, 2026 - 8-KCurrent report
Apr 29, 2026