See more : HORNBACH Holding AG & Co. KGaA (HBBHF) Income Statement Analysis – Financial Results
Complete financial analysis of Watsco, Inc. (WSO) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Watsco, Inc., a leading company in the Industrial – Distribution industry within the Industrials sector.
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Watsco, Inc. (WSO)
About Watsco, Inc.
Watsco, Inc., together with its subsidiaries, distributes air conditioning, heating, refrigeration equipment, and related parts and supplies. The company distributes equipment comprising residential ducted and ductless air conditioners, such as gas, electric, and oil furnaces; commercial air conditioning and heating equipment systems; and other specialized equipment. It also offers parts, including replacement compressors, evaporator coils, motors, and other component parts; and supplies, such as thermostats, insulation materials, refrigerants, ductworks, grills, registers, sheet metals, tools, copper tubing, concrete pads, tapes, adhesives, and other ancillary supplies, as well as plumbing and bathroom remodeling supplies. The company serves contractors and dealers that service the replacement and new construction markets for residential and light commercial central air conditioning, heating, and refrigeration systems. As of December 31, 2021, it operated from 671 locations in the United States, Canada, Mexico, and Puerto Rico, as well as exports its products to Latin America and the Caribbean Basin. Watsco, Inc. was founded in 1945 and is headquartered in Miami, Florida.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | 1988 | 1987 | 1986 | 1985 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 7.28B | 7.27B | 6.28B | 5.05B | 4.77B | 4.55B | 4.34B | 4.22B | 4.11B | 3.94B | 3.74B | 3.43B | 2.98B | 2.84B | 2.00B | 1.70B | 1.76B | 1.80B | 1.68B | 1.32B | 1.23B | 1.18B | 1.24B | 1.31B | 1.25B | 1.01B | 635.20M | 425.40M | 331.00M | 283.70M | 230.70M | 194.60M | 169.30M | 117.70M | 94.30M | 12.50M | 15.00M | 15.10M | 12.10M |
| Cost of Revenue | 5.29B | 5.24B | 4.61B | 3.83B | 3.61B | 3.43B | 3.28B | 3.19B | 3.11B | 2.99B | 2.84B | 2.62B | 2.25B | 2.17B | 1.52B | 1.26B | 1.31B | 1.34B | 1.26B | 978.09M | 927.83M | 893.61M | 939.61M | 999.12M | 943.20M | 771.10M | 487.50M | 325.60M | 254.70M | 195.10M | 155.40M | 147.20M | 126.60M | 86.00M | 67.40M | 14.20M | 8.90M | 9.20M | 7.30M |
| Gross Profit | 1.99B | 2.03B | 1.67B | 1.22B | 1.16B | 1.12B | 1.07B | 1.03B | 1.01B | 956.40M | 899.25M | 814.40M | 728.29M | 673.24M | 480.83M | 441.99M | 446.99M | 462.90M | 423.03M | 336.94M | 305.08M | 287.52M | 299.04M | 307.53M | 303.10M | 237.70M | 147.70M | 99.80M | 76.30M | 88.60M | 75.30M | 47.40M | 42.70M | 31.70M | 26.90M | -1.70M | 6.10M | 5.90M | 4.80M |
| Gross Profit Ratio | 27.35% | 27.91% | 26.55% | 24.19% | 24.25% | 24.64% | 24.54% | 24.51% | 24.49% | 24.25% | 24.02% | 23.73% | 24.46% | 23.67% | 24.02% | 26.00% | 25.43% | 25.71% | 25.14% | 25.62% | 24.74% | 24.34% | 24.14% | 23.54% | 24.32% | 23.56% | 23.25% | 23.46% | 23.05% | 31.23% | 32.64% | 24.36% | 25.22% | 26.93% | 28.53% | -13.60% | 40.67% | 39.07% | 39.67% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 1.10B | 1.13B | 987.86M | 778.03M | 745.55M | 757.45M | 715.67M | 688.95M | 670.61M | 650.66M | 628.04M | 589.49M | 529.24M | 507.67M | 399.77M | 343.39M | 335.83M | 327.30M | 306.57M | 254.88M | 243.89M | 236.89M | 247.85M | 253.23M | 232.40M | 177.50M | 109.90M | 71.40M | 55.30M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 82.60M | 86.62M | 70.45M | 55.02M | 54.78M | 51.74M | 47.67M | 42.81M | 41.35M | 43.32M | 39.40M | 37.68M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 1.19B | 1.22B | 1.06B | 833.05M | 800.33M | 757.45M | 715.67M | 688.95M | 670.61M | 650.66M | 628.04M | 589.49M | 529.24M | 507.67M | 399.77M | 343.39M | 335.83M | 327.30M | 306.57M | 254.88M | 243.89M | 236.89M | 247.85M | 253.23M | 232.40M | 177.50M | 109.90M | 71.40M | 55.30M | 71.30M | 62.10M | 35.60M | 32.30M | 23.50M | 20.00M | 6.40M | 3.60M | 3.70M | 3.60M |
| Other Expenses | 0.00 | 22.67M | 19.30M | 11.26M | 10.26M | 9.28M | 3.89M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -246.00K | 0.00 | 0.00 | 11.20M | 8.40M | 4.80M | 4.20M | 3.00M | 2.30M | 1.80M | 1.90M | 1.80M | 1.30M | 1.00M | 600.00K | 500.00K | 500.00K | 500.00K |
| Operating Expenses | 1.20B | 1.22B | 1.06B | 833.05M | 800.33M | 757.45M | 715.67M | 688.95M | 670.61M | 650.66M | 628.04M | 589.49M | 529.24M | 507.67M | 399.77M | 343.39M | 335.83M | 327.30M | 306.57M | 254.88M | 243.89M | 236.65M | 247.85M | 253.23M | 243.60M | 185.90M | 114.70M | 75.60M | 58.30M | 73.60M | 63.90M | 37.50M | 34.10M | 24.80M | 21.00M | 7.00M | 4.10M | 4.20M | 4.10M |
| Cost & Expenses | 6.49B | 6.47B | 5.67B | 4.67B | 4.41B | 4.18B | 3.99B | 3.88B | 3.78B | 3.64B | 3.47B | 3.21B | 2.78B | 2.68B | 1.92B | 1.60B | 1.65B | 1.67B | 1.57B | 1.23B | 1.17B | 1.13B | 1.19B | 1.25B | 1.19B | 957.00M | 602.20M | 401.20M | 313.00M | 268.70M | 219.30M | 184.70M | 160.70M | 110.80M | 88.40M | 21.20M | 13.00M | 13.40M | 11.40M |
| Interest Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 4.92M | 2.17M | 996.00K | 1.24M | 4.03M | 2.74M | 6.36M | 3.71M | 5.55M | 5.21M | 5.83M | 4.67M | 51.75M | 3.49M | 2.73M | 2.02M | 5.08M | 3.82M | 3.34M | 4.41M | 5.51M | 6.85M | 15.69M | 34.51M | 12.40M | 11.40M | 1.80M | 2.50M | 5.20M | 4.50M | 1.10M | 3.90M | 4.10M | 3.30M | 2.90M | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 35.09M | 31.68M | 28.13M | 25.91M | 24.51M | 22.10M | 22.03M | 20.07M | 19.12M | 17.93M | 17.71M | 15.91M | 11.73M | 10.77M | 8.53M | 7.07M | 6.42M | 5.91M | 8.72M | 7.77M | 7.42M | 8.11M | 12.08M | 12.26M | 11.20M | 8.40M | 4.80M | 4.20M | 3.00M | 2.30M | 1.80M | 1.90M | 1.80M | 1.30M | 1.00M | 600.00K | 500.00K | 500.00K | 500.00K |
| EBITDA | 829.90M | 863.26M | 656.66M | 426.94M | 391.40M | 394.18M | 375.91M | 365.70M | 355.87M | 323.67M | 288.60M | 240.82M | 210.78M | 176.34M | 89.59M | 105.68M | 117.57M | 141.51M | 125.18M | 88.82M | 68.61M | 58.99M | 63.28M | 66.56M | 70.67M | 63.10M | 40.10M | 23.60M | 17.10M | 17.30M | 13.20M | 11.80M | 10.40M | 8.20M | 6.90M | -8.10M | 2.50M | 2.20M | 1.20M |
| EBITDA Ratio | 11.39% | 11.43% | 10.01% | 7.93% | 7.69% | 8.18% | 8.15% | 8.19% | 8.19% | 7.75% | 7.25% | 6.55% | 6.68% | 5.82% | 4.05% | 5.80% | 6.69% | 7.86% | 7.44% | 6.83% | 5.56% | 4.97% | 5.34% | 5.91% | 5.65% | 5.96% | 5.73% | 6.54% | 6.25% | 6.06% | 5.07% | 5.86% | 5.85% | 6.88% | 7.00% | -150.40% | 10.00% | 7.28% | 1.65% |
| Operating Income | 771.42M | 831.58M | 628.53M | 401.03M | 366.88M | 372.08M | 353.87M | 345.63M | 336.75M | 305.75M | 271.21M | 224.91M | 199.05M | 165.57M | 81.06M | 98.61M | 111.15M | 135.60M | 116.46M | 82.05M | 61.19M | 50.92M | 48.32M | 54.30M | 59.50M | 51.80M | 33.00M | 24.20M | 18.00M | 15.00M | 11.40M | 9.90M | 8.60M | 6.90M | 5.90M | -8.70M | 2.00M | 1.70M | 700.00K |
| Operating Income Ratio | 10.59% | 11.43% | 10.01% | 7.93% | 7.69% | 8.18% | 8.15% | 8.19% | 8.19% | 7.75% | 7.25% | 6.55% | 6.68% | 5.82% | 4.05% | 5.80% | 6.32% | 7.53% | 6.92% | 6.24% | 4.96% | 4.31% | 3.90% | 4.16% | 4.77% | 5.13% | 5.20% | 5.69% | 5.44% | 5.29% | 4.94% | 5.09% | 5.08% | 5.86% | 6.26% | -69.60% | 13.33% | 11.26% | 5.79% |
| Total Other Income/Expenses | 18.47M | -2.17M | -996.00K | -1.24M | -4.03M | -2.74M | -6.36M | -3.71M | -5.55M | -5.21M | -5.83M | -4.67M | -4.46M | -3.49M | -2.73M | -2.02M | -3.17M | -3.82M | -3.34M | -4.41M | -5.51M | -7.19M | -9.96M | -23.86M | -12.67M | -11.30M | -1.50M | 0.00 | -2.90M | -4.60M | -2.60M | -4.30M | -4.60M | -3.40M | -2.60M | 9.70M | 100.00K | 300.00K | 500.00K |
| Income Before Tax | 789.89M | 829.41M | 627.53M | 399.80M | 362.85M | 369.34M | 347.51M | 341.92M | 331.20M | 300.54M | 265.38M | 220.24M | 194.59M | 162.08M | 78.33M | 96.59M | 107.98M | 131.78M | 113.12M | 77.64M | 55.68M | 43.73M | 38.37M | 30.44M | 46.80M | 40.80M | 29.80M | 21.10M | 12.50M | 10.40M | 8.80M | 5.60M | 4.00M | 3.50M | 3.30M | 1.00M | 2.10M | 2.00M | 1.20M |
| Income Before Tax Ratio | 10.84% | 11.40% | 9.99% | 7.91% | 7.61% | 8.12% | 8.00% | 8.10% | 8.05% | 7.62% | 7.09% | 6.42% | 6.53% | 5.70% | 3.91% | 5.68% | 6.14% | 7.32% | 6.72% | 5.90% | 4.52% | 3.70% | 3.10% | 2.33% | 3.76% | 4.04% | 4.69% | 4.96% | 3.78% | 3.67% | 3.81% | 2.88% | 2.36% | 2.97% | 3.50% | 8.00% | 14.00% | 13.25% | 9.92% |
| Income Tax Expense | 155.75M | 125.72M | 128.80M | 76.62M | 67.08M | 72.81M | 90.22M | 105.94M | 104.68M | 91.84M | 77.66M | 62.64M | 56.85M | 50.36M | 26.76M | 36.22M | 40.49M | 49.42M | 43.10M | 29.53M | 20.79M | 15.20M | 13.93M | 11.32M | 17.30M | 15.10M | 11.50M | 8.10M | 5.20M | 4.60M | 3.80M | 2.70M | 2.00M | 1.50M | 1.20M | 200.00K | 400.00K | 400.00K | 200.00K |
| Net Income | 536.34M | 601.17M | 418.95M | 269.58M | 245.95M | 242.93M | 208.22M | 182.81M | 172.93M | 151.39M | 127.72M | 103.33M | 90.45M | 80.76M | 43.31M | 60.37M | 65.58M | 82.36M | 70.02M | 48.11M | 34.90M | 28.54M | 24.44M | 19.11M | 29.50M | 25.20M | 18.30M | 13.00M | 7.30M | 5.80M | 5.00M | 2.90M | 2.00M | 2.00M | 1.50M | 800.00K | 1.70M | 1.60M | 1.00M |
| Net Income Ratio | 7.36% | 8.26% | 6.67% | 5.33% | 5.16% | 5.34% | 4.80% | 4.33% | 4.20% | 3.84% | 3.41% | 3.01% | 3.04% | 2.84% | 2.16% | 3.55% | 3.73% | 4.57% | 4.16% | 3.66% | 2.83% | 2.42% | 1.97% | 1.46% | 2.37% | 2.50% | 2.88% | 3.06% | 2.21% | 2.04% | 2.17% | 1.49% | 1.18% | 1.70% | 1.59% | 6.40% | 11.33% | 10.60% | 8.26% |
| EPS | 13.67 | 15.46 | 10.83 | 7.03 | 6.51 | 6.48 | 5.12 | 4.73 | 4.51 | 4.00 | 3.42 | 2.48 | 2.74 | 2.49 | 1.40 | 2.28 | 2.49 | 3.15 | 2.69 | 1.89 | 1.39 | 1.12 | 0.94 | 0.72 | 1.03 | 0.93 | 0.73 | 0.67 | 0.52 | 0.25 | 0.28 | 0.31 | 0.24 | 0.27 | 0.21 | 0.11 | 0.23 | 0.21 | 0.14 |
| EPS Diluted | 13.67 | 15.41 | 10.78 | 7.01 | 6.50 | 6.48 | 5.12 | 4.73 | 4.51 | 4.00 | 3.42 | 2.48 | 2.74 | 2.49 | 1.40 | 2.18 | 2.36 | 2.96 | 2.52 | 1.79 | 1.34 | 1.07 | 0.90 | 0.69 | 0.99 | 0.89 | 0.68 | 0.60 | 0.46 | 0.25 | 0.28 | 0.29 | 0.22 | 0.25 | 0.19 | 0.11 | 0.21 | 0.21 | 0.14 |
| Weighted Avg Shares Out | 36.53M | 35.56M | 35.24M | 35.07M | 34.64M | 37.46M | 37.23M | 35.53M | 35.31M | 35.01M | 34.73M | 34.52M | 33.01M | 32.45M | 28.52M | 26.45M | 26.30M | 26.15M | 26.05M | 25.51M | 25.09M | 25.56M | 25.95M | 26.55M | 28.64M | 27.10M | 25.07M | 19.10M | 13.85M | 14.00M | 12.94M | 9.35M | 8.33M | 7.41M | 7.14M | 7.27M | 7.39M | 7.62M | 7.14M |
| Weighted Avg Shares Out (Dil) | 36.53M | 35.68M | 35.42M | 35.15M | 34.68M | 37.46M | 37.23M | 35.53M | 35.31M | 35.01M | 34.73M | 34.52M | 33.01M | 32.45M | 28.52M | 27.74M | 27.82M | 27.83M | 27.77M | 26.93M | 26.04M | 26.67M | 27.25M | 27.79M | 29.80M | 28.31M | 26.91M | 21.33M | 15.65M | 14.41M | 13.75M | 10.00M | 9.09M | 8.00M | 7.89M | 7.27M | 8.10M | 7.62M | 7.14M |
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Watsco, Inc. (WSO) Q4 2023 Earnings Call Transcript
Watsco, Inc. (WSO) Q4 2023 Earnings Call Transcript
Watsco (WSO) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
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Entrepreneurial Culture, Transformational Technologies, Strong Financial Position Continue to Provide Results and Significant Opportunities
Source: https://incomestatements.info
Category: Stock Reports
What is Watsco’s historical revenue growth?
Watsco annual revenue for 2023 was $7.284B, a 0.13% increase from 2022. Watsco annual revenue for 2022 was $7.274B, a 15.83% increase from 2021. Watsco annual revenue for 2021 was $6.28B, a 24.24% increase from 2020.