Watsco, Inc. (WSO) — Financial statements
Income statement, balance sheet, and cash flow for Watsco, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 7,239↓5.0% | 7,618↑4.6% | 7,284↑0.1% | 7,274↑15.8% | 6,280 | |
| Cost of Revenue | 5,209↓6.5% | 5,574↑5.3% | 5,292↑0.9% | 5,244↑13.7% | 4,613 | |
| Gross Profit | 2,030↓0.7% | 2,045↑2.6% | 1,992↓1.9% | 2,030↑21.8% | 1,668 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 0.00↓100.0% | 1,171 | 0.00 | 0.00 | 0.00 | |
| Selling & Marketing Expenses | 0.00↓100.0% | 85 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 1,338↑6.5% | 1,256↑2.6% | 1,224↑0.2% | 1,221↑15.4% | 1,058 | |
| Other Expenses | 0.00↓100.0% | 7↑127.1% | -26↓15.5% | -23↓17.5% | -19 | |
| Operating Expenses | 1,338↑5.9% | 1,263↑5.5% | 1,197↓0.1% | 1,199↑15.4% | 1,039 | |
| Total Costs & Expenses | 6,547↓4.2% | 6,837↑5.4% | 6,489↑0.7% | 6,443↑14.0% | 5,652 | |
| Operating Results | ||||||
| Operating Income | 693↓11.4% | 782↓1.6% | 795↓4.4% | 832↑32.3% | 629 | |
| Depreciation & Amortization | 44↑7.2% | 41↑16.3% | 35↑10.8% | 32↑12.6% | 28 | |
| EBITDA | 781↓1.3% | 792↓1.4% | 804↓4.4% | 841↑28.0% | 657 | |
| EBIT | 738↓1.8% | 751↓2.3% | 769↓5.0% | 809↑28.7% | 629 | |
| Interest & Other Income | ||||||
| Net Interest Income | 17↓17.0% | 21↑524.2% | -5↓127.3% | -2↓117.4% | -1.00 | |
| Interest Income | 17 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Interest Expense | 0.00↑100.0% | -21↓524.2% | 5↑127.3% | 2↑117.4% | 1.00 | |
| Non-Operating Income | -45↓247.8% | 31↑16.5% | 26↑15.5% | 23 | 0.00 | |
| Other Income / Expenses | 45↑116.1% | 21↑524.2% | -5↓127.3% | -2↓117.4% | -1.00 | |
| Income Before Tax | 738↓8.1% | 803↑1.6% | 790↓4.8% | 829↑32.2% | 628 | |
| Income Tax Expense | 150↓10.1% | 167↑7.2% | 156↑23.9% | 126↓2.4% | 129 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 588↓7.6% | 636↑0.3% | 634↓9.9% | 704↑41.1% | 499 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 497↓7.3% | 536↓0.0% | 536↓10.8% | 601↑43.5% | 419 | |
| Bottom-Line Net Income | 464↓7.0% | 499↓0.1% | 499↓9.2% | 550↑44.1% | 382 | |
| EPS (Basic) | 12.25↓8.2% | 13.34↓2.4% | 13.67↓11.6% | 15.46↑42.8% | 10.83 | |
| EPS (Diluted) | 12.25↓7.9% | 13.30↓2.7% | 13.67↓11.3% | 15.41↑42.9% | 10.78 | |
| Weighted Average Shares | 38↑1.0% | 38↑2.7% | 37↑2.7% | 36↑0.9% | 35 | |
| Weighted Average Diluted Shares | 38↑1.0% | 38↑2.7% | 37↑2.4% | 36↑0.7% | 35 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.