Company / SG&A Expense
Watsco SG&A Expense History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest SG&A Expense
$1.3B
FY2025
5-year range
$800.3M / $1.3B
FY2021-FY2025
Trend
+3.4%
vs FY2024
Sector context
#55 of 311
Industrials
What the data says
Watsco's sg&a expense of $1.3B is higher than 82% of companies in the Industrials sector (FY2025). SG&A Expense has increased for 9 consecutive years, from $651M in FY2016 to $1.3B in FY2025.
Based on SEC 10-K filings.
$1.3B in FY2025 with a 5-year CAGR of +12.1%. Top quartile in the Industrials sector.
Increased from $1.1B to $1.3B over the past 2 years.
Industrials sector context is included.
SG&A Expense over time
Growth rates
- 3-Year CAGR
- +17.1%
- 5-Year CAGR
- +12.1%
- 10-Year CAGR
- -
Sector benchmark
Bottom 18% in IndustrialsTop 82% of 311This company $1.3B Sector average $849.8M
▼
+57.4% above sector average
Key checks
Key Insights
- Watsco's sg&a expense has grown for 9 consecutive years.
- 5-year CAGR of +12.1%, indicating consistent growth.
- In FY2025, sg&a expense increased 3.4% year-over-year.
- Ranks #55 out of 311 companies in the Industrials sector.
Company context
Key Data Points
- Altman Z-Score 3.47 (safe zone, above 2.9 threshold)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | SG&A ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $1.3B | +3.4% |
| FY2024 | $1.3B | +22.2% |
| FY2023 | $1.1B | +27.0% |
| FY2022 | $833.1M | +4.1% |
| FY2021 | $800.3M | +5.7% |
| FY2020 | $757.5M | +5.8% |
| FY2019 | $715.7M | +3.9% |
| FY2018 | $689.0M | +2.7% |
| FY2017 | $670.6M | +3.1% |
| FY2016 | $650.7M | +3.6% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026