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WATSCO INC WSO

NYSE · stock · Wholesale-Hardware & Plumbing & Heating Equipment & Supplies · website · IPO 1994-06-16 · LEI

WATSCO INC statistics & valuation

Market cap$15.6B
P / E31.4×
P / S2.2×
P / B4.8×
P / FCF29.2×
Dividend yield3.04%
Net margin6.9%
Return on equity15.4%
FCF margin7.4%
Return on capital19.5%
Graham number -50.5%$153.08

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($153.08); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
4.30% 4.80% 5.30% 5.20% 5.30% 6.70% 8.30% 7.40% 7.00% 6.90% 2016201720182019202020212022202320242025
Gross margin (%)
24.50% 24.50% 24.60% 24.30% 24.20% 26.60% 27.90% 27.40% 26.80% 28.00% 2016201720182019202020212022202320242025
Operating margin (%)
8.20% 8.20% 8.20% 7.70% 7.90% 10.00% 11.40% 10.90% 10.30% 10.00% 2016201720182019202020212022202320242025
Return on equity (%)
14.60% 13.40% 15.20% 14.30% 15.10% 21.00% 26.70% 20.50% 17.50% 15.40% 2016201720182019202020212022202320242025
Shares outstanding
32.6M 32.9M 34.4M 34.7M 35.2M 35.4M 36.5M 37.5M 37.9M 2016201720182019202020212022202320242025
Net debt ($)
2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
9.80% 10.20% 11.20% 9.60% 10.90% 13.60% 17.20% 14.40% 12.00% 11.30% 2016201720182019202020212022202320242025
Free cash flow margin (%)
5.60% 6.60% 3.40% 6.70% 10.20% 5.20% 7.40% 7.20% 9.80% 7.40% 2016201720182019202020212022202320242025
Debt / equity (×)
2016201720182019202020212022202320242025
EPS ($)
$5.15 $5.81 $6.49 $6.50 $7.01 $10.78 $15.41 $13.67 $13.30 $12.25 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

WATSCO INC trades at about 25.3× earnings — below its 10-year norm (10-year range 18.6×–36×, median 29.7×).

18.6× 36×

Shaded band = 10-year range (18.6×–36×); dot = today's 25.3×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Gross margin28.0%26.8%27.4%27.9%26.6%24.2%24.3%24.6%24.5%24.5%
Operating margin10.0%10.3%10.9%11.4%10.0%7.9%7.7%8.2%8.2%8.2%
Net margin6.9%7.0%7.4%8.3%6.7%5.3%5.2%5.3%4.8%4.3%
FCF margin7.4%9.8%7.2%7.4%5.2%10.2%6.7%3.4%6.6%5.6%
Return on assets11.3%12.0%14.4%17.2%13.6%10.9%9.6%11.2%10.2%9.8%
Return on equity15.4%17.5%20.5%26.7%21.0%15.1%14.3%15.2%13.4%14.6%
Current ratio4.123.133.362.542.703.053.354.033.213.94

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.