Watsco Income Statement
WSO / Industrials|15 years of annual SEC 10-K data (FY2011-FY2025)
Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 15 fiscal years. All figures from audited SEC 10-K filings.
Watsco reported $7.2B in revenue and $497M in net income for FY2025. Revenue has grown at a 9.6% compound annual rate over the past 14 years.
Based on SEC 10-K filings.
Key Data Points
- Altman Z-Score 3.47 (safe zone, above 2.9 threshold)
Data sourced from SEC EDGAR filings. Not investment advice.
| Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $7.2B | $7.6B | $6.3B | $5.1B | $4.8B | $4.5B | $4.3B | $4.2B | $4.1B | $3.9B | $3.7B | $3.4B | $3.0B | $2.8B | $2.0B |
| Cost of Revenue | $5.2B | $5.6B | $4.6B | $3.8B | $3.6B | $3.4B | $3.3B | $3.2B | $3.1B | $3.0B | $2.8B | $2.6B | $2.2B | $2.2B | $1.5B |
| Gross Profit | $2.0B | $2.0B | $1.7B | $1.2B | $1.2B | $1.1B | $1.1B | $1.0B | $1.0B | $956.4M | $899.3M | $814.4M | $728.3M | $673.2M | $480.8M |
| SG&A Expense | $1.3B | $1.3B | $1.1B | $833.1M | $800.3M | $757.5M | $715.7M | $689.0M | $670.6M | $650.7M | $628.0M | $589.5M | $529.2M | $507.7M | $399.8M |
| Operating Income | $720.3M | $781.8M | $628.5M | $401.0M | $366.9M | $372.1M | $353.9M | $345.6M | $336.7M | $305.7M | $271.2M | $224.9M | $199.1M | $165.6M | $81.1M |
| Interest Expense | - | - | -$996.0K | -$1.2M | -$4.0M | -$2.7M | -$6.4M | -$3.7M | -$5.5M | -$5.2M | $5.8M | $4.7M | $4.5M | $3.5M | $2.7M |
| Income Tax | $150.1M | $166.9M | $128.8M | $76.6M | $67.1M | $72.8M | $90.2M | $105.9M | $104.7M | $91.8M | $77.7M | $62.6M | $56.9M | $50.4M | $26.8M |
| Net Income | $497.0M | $536.3M | $418.9M | $269.6M | $245.9M | $242.9M | $208.2M | $182.8M | $172.9M | $151.4M | $127.7M | $103.3M | $90.5M | $80.8M | $43.3M |
| EPS (Basic) | $13.72 | $15.46 | $10.83 | $7.03 | $6.51 | $6.50 | $5.81 | $5.16 | $4.91 | $4.33 | $3.69 | $2.70 | $2.75 | $2.49 | $1.42 |
| EPS (Diluted) | $13.67 | $15.41 | $10.78 | $7.01 | $6.50 | $6.49 | $5.81 | $5.15 | $4.90 | $4.32 | $3.68 | $2.70 | $2.74 | $2.49 | $1.40 |
| Shares Outstanding | 36.5M | - | - | - | 34.7M | 34.4M | 32.9M | 32.6M | 32.5M | 32.4M | 32.3M | 31.7M | 30.8M | 30.6M | 28.5M |
| Gross Margin | 28.1% | 26.8% | 26.6% | 24.2% | 24.3% | 24.6% | 24.5% | 24.5% | 24.5% | 24.3% | 24.0% | 23.7% | 24.5% | 23.7% | 24.0% |
| Operating Margin | 10.0% | 10.3% | 10.0% | 7.9% | 7.7% | 8.2% | 8.2% | 8.2% | 8.2% | 7.8% | 7.2% | 6.6% | 6.7% | 5.8% | 4.0% |
| Profit Margin | 6.9% | 7.0% | 6.7% | 5.3% | 5.2% | 5.3% | 4.8% | 4.3% | 4.2% | 3.8% | 3.4% | 3.0% | 3.0% | 2.8% | 2.2% |