Watsco financials
$310.90−4.84%
Close Sep 28, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Quarter | Q2 '26 Jun 30 | Q1 '26 Mar 31 | Q4 '25 Dec 31 | Q3 '25 Sep 30 | Q2 '25 Jun 30 | Q1 '25 Mar 31 | Q4 '24 Dec 31 | Q3 '24 Sep 30 | Q2 '24 Jun 30 | Q1 '24 Mar 31 | Q4 '23 Dec 31 | Q3 '23 Sep 30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.10B | $1.53B | $1.58B | $2.07B | $2.06B | $1.53B | $1.75B | $2.16B | $2.14B | $1.56B | $1.60B | $2.13B |
| Gross profit | $578.9M | $427.6M | $428.4M | $568.9M | $603.5M | $429.6M | $468.1M | $566.2M | $579.8M | $430.6M | $414.4M | $566.9M |
| Gross margin | 27.5% | 27.9% | 27.1% | 27.5% | 29.3% | 28.1% | 26.7% | 26.2% | 27.1% | 27.5% | 25.8% | 26.7% |
| Operating income | $229.9M | $104.7M | $95.8M | $225.3M | $264.5M | $107.0M | $129.6M | $239.9M | $260.7M | $121.1M | $102.0M | $247.1M |
| Net income | $152.6M | $71.0M | $67.1M | $150.9M | $171.4M | $72.9M | $90.2M | $159.1M | $168.8M | $80.2M | $76.8M | $159.0M |
| Net margin | 7.3% | 4.6% | 4.2% | 7.3% | 8.3% | 4.8% | 5.1% | 7.4% | 7.9% | 5.1% | 4.8% | 7.5% |
| Diluted EPS | $4.00 | $1.87 | $1.76 | $3.98 | $4.52 | $1.93 | $2.36 | $4.22 | $4.49 | $2.17 | $2.09 | $4.35 |
| EBITDA | $240.9M | $115.7M | $106.9M | $236.3M | $275.4M | $117.8M | $140.1M | $250.3M | $270.7M | $131.0M | $102.0M | $255.9M |
| Operating cash flow | -$2.5M | -$18.9M | $399.8M | $354.9M | -$7.4M | -$177.6M | $378.9M | $232.8M | $57.7M | $103.7M | $298.6M | $352.5M |
| Free cash flow | -$11.5M | -$25.9M | $388.5M | $346.1M | -$14.3M | -$185.2M | $370.9M | $223.0M | $51.3M | $97.9M | $288.6M | $342.9M |
| Diluted shares | 38.2M | 38.0M | 38.2M | 37.9M | 37.9M | 37.9M | 38.2M | 37.7M | 37.6M | 37.0M | 37.3M | 36.6M |
Balance sheet
| Period end | Jun 30 | Mar 31 | Dec 31 | Sep 30 | Jun 30 | Mar 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $364.2M | $392.7M | $433.3M | $324.3M | $293.0M | $431.8M |
| Short-term investments | $100.0M | $200.0M | $300.0M | $200.0M | $0.00 | $0.00 |
| Total debt | $128.8M | $127.7M | $128.2M | $129.3M | $129.5M | $127.2M |
| Total assets | $5.08B | $4.65B | $4.41B | $4.55B | $4.73B | $4.45B |
| Total liabilities | $1.61B | $1.43B | $1.19B | $1.25B | $1.51B | $1.37B |
| Shareholders' equity | $3.47B | $3.21B | $3.22B | $3.30B | $3.22B | $3.09B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology