Financials in USD. Standardized financial statements.
A compact view of how Watsco, Inc. turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $7.24B | $7.62B | $7.28B | $7.27B | $6.28B | $5.05B | $4.77B | $4.55B | $4.34B | $4.22B |
| Revenue Growth? | -5.0% | +4.6% | +0.1% | +15.8% | +24.2% | +6.0% | +4.9% | +4.7% | +2.9% | 0.0% |
| Cost of Revenue? | $5.21B | $5.57B | $5.29B | $5.24B | $4.61B | $3.83B | $3.61B | $3.43B | $3.28B | $3.19B |
| Gross Profit? | $2.03B | $2.04B | $1.99B | $2.03B | $1.67B | $1.22B | $1.16B | $1.12B | $1.07B | $1.03B |
| Gross Margin? | +28.0% | +26.8% | +27.4% | +27.9% | +26.6% | +24.2% | +24.3% | +24.6% | +24.5% | +24.5% |
| Operating Expenses? | $1.34B | $1.26B | $1.20B | $1.20B | $1.04B | $821.79M | $790.07M | $748.17M | $711.78M | $688.95M |
| Operating Income? | $692.58M | $781.77M | $794.81M | $831.58M | $628.53M | $401.03M | $366.88M | $372.08M | $353.87M | $345.63M |
| EBITDA? | $781.43M | $792.10M | $803.72M | $840.59M | $656.65M | $426.94M | $391.40M | $394.18M | $375.91M | $365.70M |
| Income Before Tax | $737.68M | $802.64M | $789.89M | $829.41M | $627.53M | $399.80M | $362.85M | $369.34M | $347.51M | $341.92M |
| Income Tax Expense | $150.09M | $166.90M | $155.75M | $125.72M | $128.80M | $76.62M | $67.08M | $72.81M | $90.22M | $105.94M |
| Net Income? | $496.99M | $536.29M | $536.34M | $601.17M | $418.94M | $269.58M | $245.95M | $242.93M | $208.22M | $182.81M |
| EPS? | $12.25 | $13.34 | $13.67 | $15.46 | $10.83 | $7.03 | $6.51 | $6.48 | $5.12 | $4.73 |
| Diluted EPS? | $12.25 | $13.30 | $13.67 | $15.41 | $10.78 | $7.01 | $6.50 | $6.48 | $5.12 | $4.73 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality