WATSCO INC — Financial Data
Annual figures from SEC EDGAR XBRL filings (10-K)
These figures are extracted directly from XBRL-tagged financial statements that WATSCO INC filed with the SEC as part of its annual 10-K reports. XBRL (eXtensible Business Reporting Language) is a structured data format the SEC requires for machine-readable financial disclosures. Values shown are as reported — negative figures indicate a loss and are shown in red.
Revenue
Total revenue from all business activities — the top line of the income statement. Represents all money earned before any expenses are deducted.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $7.24B | Feb 27, 2026 |
| FY2025 | Dec 31, 2024 | $7.62B | Feb 27, 2026 |
| FY2025 | Dec 31, 2023 | $7.28B | Feb 27, 2026 |
| FY2024 | Dec 31, 2022 | $7.27B | Feb 28, 2025 |
| FY2023 | Dec 31, 2021 | $6.28B | Feb 23, 2024 |
| FY2020 | Dec 31, 2020 | $1.15B | Feb 26, 2021 |
| FY2020 | Sep 30, 2020 | $1.54B | Feb 26, 2021 |
| FY2020 | Jun 30, 2020 | $1.36B | Feb 26, 2021 |
| FY2020 | Mar 31, 2020 | $1.01B | Feb 26, 2021 |
| FY2020 | Dec 31, 2019 | $1.07B | Feb 26, 2021 |
Gross Profit
Revenue minus the cost of goods sold (COGS). Gross profit shows how much revenue remains to cover operating expenses, R&D, and administrative costs before calculating operating income.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $2.03B | Feb 27, 2026 |
| FY2025 | Dec 31, 2024 | $2.04B | Feb 27, 2026 |
| FY2025 | Dec 31, 2023 | $1.99B | Feb 27, 2026 |
| FY2024 | Dec 31, 2022 | $2.03B | Feb 28, 2025 |
| FY2023 | Dec 31, 2021 | $1.67B | Feb 23, 2024 |
| FY2020 | Dec 31, 2020 | $282.24M | Feb 26, 2021 |
| FY2020 | Sep 30, 2020 | $373.76M | Feb 26, 2021 |
| FY2020 | Jun 30, 2020 | $319.20M | Feb 26, 2021 |
| FY2020 | Mar 31, 2020 | $247.62M | Feb 26, 2021 |
| FY2020 | Dec 31, 2019 | $260.52M | Feb 26, 2021 |
Net Income
The bottom-line profit — what remains after all operating expenses, interest, taxes, and other costs are deducted. A negative value means the company reported a net loss for the year.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $496.99M | Feb 27, 2026 |
| FY2025 | Dec 31, 2024 | $536.29M | Feb 27, 2026 |
| FY2025 | Dec 31, 2023 | $536.34M | Feb 27, 2026 |
| FY2024 | Dec 31, 2022 | $601.17M | Feb 28, 2025 |
| FY2023 | Dec 31, 2021 | $418.95M | Feb 23, 2024 |
| FY2020 | Dec 31, 2020 | $46.01M | Feb 26, 2021 |
| FY2020 | Sep 30, 2020 | $106.49M | Feb 26, 2021 |
| FY2020 | Jun 30, 2020 | $86.58M | Feb 26, 2021 |
| FY2020 | Mar 31, 2020 | $30.50M | Feb 26, 2021 |
| FY2020 | Dec 31, 2019 | $37.28M | Feb 26, 2021 |
Operating Income
Profit from core business operations before interest expense and income taxes (also known as EBIT). Excludes non-operating items, making it a cleaner measure of operational efficiency than net income.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $720.35M | Feb 27, 2026 |
| FY2025 | Dec 31, 2024 | $781.78M | Feb 27, 2026 |
| FY2025 | Dec 31, 2023 | $794.81M | Feb 27, 2026 |
| FY2024 | Dec 31, 2022 | $831.58M | Feb 28, 2025 |
| FY2023 | Dec 31, 2021 | $628.53M | Feb 23, 2024 |
| FY2022 | Dec 31, 2020 | $401.03M | Feb 24, 2023 |
| FY2021 | Dec 31, 2019 | $366.88M | Feb 25, 2022 |
| FY2020 | Dec 31, 2018 | $372.08M | Feb 26, 2021 |
| FY2019 | Dec 31, 2017 | $353.87M | Feb 28, 2020 |
| FY2018 | Dec 31, 2016 | $345.63M | Feb 28, 2019 |
SG&A Expense
Selling, general, and administrative expenses — the overhead costs of running the business, including salaries, marketing, legal fees, and corporate office costs. Excludes COGS and R&D.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $1.34B | Feb 27, 2026 |
| FY2025 | Dec 31, 2024 | $1.29B | Feb 27, 2026 |
| FY2025 | Dec 31, 2023 | $1.22B | Feb 27, 2026 |
| FY2024 | Dec 31, 2022 | $1.22B | Feb 28, 2025 |
| FY2023 | Dec 31, 2021 | $1.06B | Feb 23, 2024 |
| FY2022 | Dec 31, 2020 | $833.05M | Feb 24, 2023 |
| FY2021 | Dec 31, 2019 | $800.33M | Feb 25, 2022 |
| FY2020 | Dec 31, 2018 | $757.45M | Feb 26, 2021 |
| FY2019 | Dec 31, 2017 | $715.67M | Feb 28, 2020 |
| FY2018 | Dec 31, 2016 | $688.95M | Feb 28, 2019 |
Operating Cash Flow
Cash generated from core business operations — a more reliable measure of financial health than net income because it strips out non-cash items like depreciation and one-time charges.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $569.61M | Feb 27, 2026 |
| FY2025 | Dec 31, 2024 | $773.10M | Feb 27, 2026 |
| FY2025 | Dec 31, 2023 | $561.95M | Feb 27, 2026 |
| FY2024 | Dec 31, 2022 | $571.96M | Feb 28, 2025 |
| FY2023 | Dec 31, 2021 | $349.57M | Feb 23, 2024 |
| FY2022 | Dec 31, 2020 | $534.38M | Feb 24, 2023 |
| FY2021 | Dec 31, 2019 | $335.77M | Feb 25, 2022 |
| FY2020 | Dec 31, 2018 | $170.56M | Feb 26, 2021 |
| FY2019 | Dec 31, 2017 | $306.52M | Feb 28, 2020 |
| FY2018 | Dec 31, 2016 | $281.73M | Feb 28, 2019 |
Capital Expenditures (Capex)
Cash spent on acquiring or upgrading physical assets — property, equipment, and infrastructure. High capex businesses include manufacturing, telecom, and energy companies.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $34.55M | Feb 27, 2026 |
| FY2025 | Dec 31, 2024 | $30.09M | Feb 27, 2026 |
| FY2025 | Dec 31, 2023 | $35.48M | Feb 27, 2026 |
| FY2024 | Dec 31, 2022 | $35.65M | Feb 28, 2025 |
| FY2023 | Dec 31, 2021 | $25.46M | Feb 23, 2024 |
| FY2022 | Dec 31, 2020 | $16.44M | Feb 24, 2023 |
| FY2021 | Dec 31, 2019 | $17.81M | Feb 25, 2022 |
| FY2020 | Dec 31, 2018 | $17.15M | Feb 26, 2021 |
| FY2019 | Dec 31, 2017 | $17.88M | Feb 28, 2020 |
| FY2018 | Dec 31, 2016 | $43.58M | Feb 28, 2019 |
Total Assets
The total value of everything the company owns or controls — cash, investments, receivables, property, equipment, and intangibles. Reported as of fiscal year end.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $4.41B | Feb 27, 2026 |
| FY2025 | Dec 31, 2024 | $4.48B | Feb 27, 2026 |
| FY2024 | Dec 31, 2023 | $3.73B | Feb 28, 2025 |
| FY2023 | Dec 31, 2022 | $3.49B | Feb 23, 2024 |
| FY2022 | Dec 31, 2021 | $3.09B | Feb 24, 2023 |
| FY2021 | Dec 31, 2020 | $2.48B | Feb 25, 2022 |
| FY2020 | Dec 31, 2019 | $2.56B | Feb 26, 2021 |
| FY2019 | Dec 31, 2018 | $2.16B | Feb 28, 2020 |
| FY2018 | Dec 31, 2017 | $2.05B | Feb 28, 2019 |
| FY2017 | Dec 31, 2016 | $1.87B | Mar 1, 2018 |
Stockholders Equity
The net worth attributable to shareholders: total assets minus total liabilities. Also called book value. Can be negative if liabilities exceed assets, which is common in capital-intensive industries.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $2.78B | Feb 27, 2026 |
| FY2025 | Dec 31, 2024 | $2.66B | Feb 27, 2026 |
| FY2024 | Dec 31, 2023 | $2.23B | Feb 28, 2025 |
| FY2023 | Dec 31, 2022 | $1.89B | Feb 23, 2024 |
| FY2022 | Dec 31, 2021 | $1.66B | Feb 24, 2023 |
| FY2021 | Dec 31, 2020 | $1.49B | Feb 25, 2022 |
| FY2020 | Dec 31, 2019 | $1.44B | Feb 26, 2021 |
| FY2019 | Dec 31, 2018 | $1.35B | Feb 28, 2020 |
| FY2018 | Dec 31, 2017 | $1.30B | Feb 28, 2019 |
| FY2017 | Dec 31, 2016 | $1.01B | Mar 1, 2018 |
Goodwill
An intangible asset representing the premium paid above fair value when acquiring another company. A large goodwill balance signals a history of acquisitions at premium prices.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $462.51M | Feb 27, 2026 |
| FY2025 | Dec 31, 2024 | $451.86M | Feb 27, 2026 |
| FY2025 | Dec 31, 2023 | $457.15M | Feb 27, 2026 |
| FY2024 | Dec 31, 2022 | $430.71M | Feb 28, 2025 |
| FY2023 | Dec 31, 2021 | $434.02M | Feb 23, 2024 |
| FY2022 | Dec 31, 2020 | $412.49M | Feb 24, 2023 |
| FY2021 | Dec 31, 2019 | $412.49M | Feb 25, 2022 |
| FY2021 | Dec 31, 2018 | $411.22M | Feb 25, 2022 |
| FY2019 | Dec 31, 2017 | $382.73M | Feb 28, 2020 |
| FY2018 | Dec 31, 2016 | $379.74M | Feb 28, 2019 |
Retained Earnings
Cumulative net income kept by the company rather than distributed as dividends. A growing retained earnings balance indicates consistent profitability; a deficit indicates cumulative losses.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $1.32B | Feb 27, 2026 |
| FY2025 | Dec 31, 2024 | $1.30B | Feb 27, 2026 |
| FY2024 | Dec 31, 2023 | $1.18B | Feb 28, 2025 |
| FY2023 | Dec 31, 2022 | $1.03B | Feb 23, 2024 |
| FY2022 | Dec 31, 2021 | $760.80M | Feb 24, 2023 |
| FY2021 | Dec 31, 2020 | $636.37M | Feb 25, 2022 |
| FY2020 | Dec 31, 2019 | $632.51M | Feb 26, 2021 |
| FY2019 | Dec 31, 2018 | $627.97M | Feb 28, 2020 |
| FY2018 | Dec 31, 2017 | $594.56M | Feb 28, 2019 |
| FY2017 | Dec 31, 2016 | $550.48M | Mar 1, 2018 |
Cash & Equivalents
Highly liquid assets the company holds — cash on hand, bank balances, and short-term investments with maturities of three months or less. A key indicator of short-term financial health.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $433.28M | Feb 27, 2026 |
| FY2025 | Dec 31, 2024 | $526.27M | Feb 27, 2026 |
| FY2024 | Dec 31, 2023 | $210.11M | Feb 28, 2025 |
| FY2023 | Dec 31, 2022 | $147.51M | Feb 23, 2024 |
| FY2022 | Dec 31, 2021 | $118.27M | Feb 24, 2023 |
| FY2021 | Dec 31, 2020 | $146.07M | Feb 25, 2022 |
| FY2021 | Dec 31, 2019 | $74.45M | Feb 25, 2022 |
| FY2021 | Dec 31, 2018 | $82.89M | Feb 25, 2022 |
| FY2020 | Dec 31, 2017 | $80.50M | Feb 26, 2021 |
| FY2019 | Dec 31, 2016 | $56.01M | Feb 28, 2020 |
EPS (Basic)
Net income divided by the weighted average shares outstanding. Basic EPS does not account for dilutive securities like options or convertible bonds — use diluted EPS for a more conservative view.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 12 | Feb 27, 2026 |
| FY2025 | Dec 31, 2024 | 13 | Feb 27, 2026 |
| FY2025 | Dec 31, 2023 | 13 | Feb 27, 2026 |
| FY2024 | Dec 31, 2022 | 15 | Feb 28, 2025 |
| FY2023 | Dec 31, 2021 | 10 | Feb 23, 2024 |
| FY2020 | Dec 31, 2020 | 1 | Feb 26, 2021 |
| FY2020 | Sep 30, 2020 | 2 | Feb 26, 2021 |
| FY2020 | Jun 30, 2020 | 2 | Feb 26, 2021 |
| FY2020 | Mar 31, 2020 | 0 | Feb 26, 2021 |
| FY2020 | Dec 31, 2019 | 0 | Feb 26, 2021 |
EPS (Diluted)
Net income divided by the fully diluted share count — including all potential shares from options, warrants, and convertible instruments. The more conservative and widely cited EPS figure.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 12 | Feb 27, 2026 |
| FY2025 | Dec 31, 2024 | 13 | Feb 27, 2026 |
| FY2025 | Dec 31, 2023 | 13 | Feb 27, 2026 |
| FY2024 | Dec 31, 2022 | 15 | Feb 28, 2025 |
| FY2023 | Dec 31, 2021 | 10 | Feb 23, 2024 |
| FY2020 | Dec 31, 2020 | 1 | Feb 26, 2021 |
| FY2020 | Sep 30, 2020 | 2 | Feb 26, 2021 |
| FY2020 | Jun 30, 2020 | 2 | Feb 26, 2021 |
| FY2020 | Mar 31, 2020 | 0 | Feb 26, 2021 |
| FY2020 | Dec 31, 2019 | 0 | Feb 26, 2021 |
Dividends Paid
Cash dividends distributed to common shareholders during the period. Shown as a positive value despite being a cash outflow in the SEC filing.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $473.77M | Feb 27, 2026 |
| FY2025 | Dec 31, 2024 | $423.52M | Feb 27, 2026 |
| FY2025 | Dec 31, 2023 | $382.65M | Feb 27, 2026 |
| FY2024 | Dec 31, 2022 | $332.45M | Feb 28, 2025 |
| FY2023 | Dec 31, 2021 | $294.52M | Feb 23, 2024 |
| FY2022 | Dec 31, 2020 | $265.71M | Feb 24, 2023 |
| FY2021 | Dec 31, 2019 | $241.41M | Feb 25, 2022 |
| FY2020 | Dec 31, 2018 | $209.22M | Feb 26, 2021 |
| FY2019 | Dec 31, 2017 | $164.15M | Feb 28, 2020 |
| FY2018 | Dec 31, 2016 | $127.60M | Feb 28, 2019 |