Watsco Financial Statements From 2010 to 2024

WSO Stock  USD 413.57  7.07  1.74%   
Watsco financial statements provide useful quarterly and yearly information to potential Watsco Inc investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on Watsco financial statements helps investors assess Watsco's valuation, profitability, and current liquidity needs. Key fundamental drivers impacting Watsco's valuation are summarized below:
Gross Profit
B
Profit Margin
0.0736
Market Capitalization
16.2 B
Enterprise Value Revenue
2.2972
Revenue
7.3 B
We have found one hundred twenty available fundamental gauges for Watsco Inc, which can be analyzed and compared to other ratios and to its peers. Self-guided Investors are advised to confirm Watsco's prevalent fundamentals against the trend between 2010 and 2024 to make sure the company can sustain itself down the road. As of the 24th of April 2024, Market Cap is likely to grow to about 16.4 B. Also, Enterprise Value is likely to grow to about 16.6 B

Watsco Total Revenue

7.65 Billion

Check Watsco financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Watsco main balance sheet or income statement drivers, such as Depreciation And Amortization of 36.8 M, Interest Expense of 5.4 M or Total Revenue of 7.6 B, as well as many exotic indicators such as Price To Sales Ratio of 2.25, Dividend Yield of 0.0195 or PTB Ratio of 7.35. Watsco financial statements analysis is a perfect complement when working with Watsco Valuation or Volatility modules.
  
This module can also supplement Watsco's financial leverage analysis and stock options assessment as well as various Watsco Technical models . Check out the analysis of Watsco Correlation against competitors.

Watsco Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Total AssetsB3.8 B2.2 B
Slightly volatile
Short and Long Term Debt Total425 M404.8 M240.2 M
Slightly volatile
Other Current Liabilities254.5 M242.4 M91.9 M
Slightly volatile
Total Current Liabilities747.6 M712 M430.1 M
Slightly volatile
Total Stockholder Equity2.3 B2.2 B1.3 B
Slightly volatile
Property Plant And Equipment Net530.2 M505 M200.4 M
Slightly volatile
Retained Earnings1.2 B1.2 B611.9 M
Slightly volatile
Cash220.6 M210.1 M87.7 M
Slightly volatile
Non Current Assets Total1.5 B1.4 B815.3 M
Slightly volatile
Cash And Short Term Investments220.6 M210.1 M87.7 M
Slightly volatile
Net Receivables837.7 M797.8 M506.5 M
Slightly volatile
Common Stock Shares Outstanding27.7 M36.5 M33 M
Slightly volatile
Liabilities And Stockholders EquityB3.8 B2.2 B
Slightly volatile
Non Current Liabilities Total474.1 M451.5 M281.3 M
Slightly volatile
Inventory1.4 B1.3 B813 M
Slightly volatile
Other Current Assets38.5 M36.7 M22.4 M
Slightly volatile
Other Stockholder Equity1.1 B1.1 B661.1 M
Slightly volatile
Total Liabilities1.2 B1.2 B711.4 M
Slightly volatile
Total Current Assets2.5 B2.4 B1.4 B
Slightly volatile
Short Term Debt105.3 M100.3 M40 M
Slightly volatile
Intangible Assets128.6 M218.1 M157.8 M
Slightly volatile
Accounts Payable387.9 M369.4 M231.2 M
Slightly volatile
Property Plant And Equipment Gross762.6 M726.3 M199.4 M
Slightly volatile
Common Stock Total Equity20.5 M25.1 M20.6 M
Slightly volatile
Common Stock20.8 M22.1 M20.7 M
Slightly volatile
Other Liabilities108.5 M103.4 M54.8 M
Slightly volatile
Other Assets0.951.010.6 M
Very volatile
Good Will329.3 M457.1 M375.5 M
Slightly volatile
Property Plant Equipment534.6 M509.1 M156.1 M
Slightly volatile
Net Tangible Assets809 M1.5 B749.4 M
Slightly volatile
Long Term Debt Total218.1 M280.1 M216.1 M
Pretty Stable
Capital Surpluse833.9 M1.1 B765.8 M
Slightly volatile
Long Term Investments73.5 M146.2 M49.5 M
Slightly volatile
Short and Long Term Debt52.1 M100.3 M35.1 M
Slightly volatile
Cash And Equivalents110.9 M169.6 M88.2 M
Slightly volatile
Net Invested Capital1.9 B2.3 B1.5 B
Slightly volatile
Net Working Capital1.3 B1.7 B1.1 B
Slightly volatile
Capital Stock23.9 M22.1 M21.6 M
Slightly volatile
Capital Lease Obligations220.5 M289.1 M174.1 M
Slightly volatile

Watsco Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Depreciation And Amortization36.8 M35.1 M21.9 M
Slightly volatile
Interest Expense5.4 M4.9 M7.1 M
Slightly volatile
Total Revenue7.6 B7.3 B4.6 B
Slightly volatile
Gross Profit2.1 BB1.2 B
Slightly volatile
Other Operating Expenses6.8 B6.5 B4.2 B
Slightly volatile
Operating Income810 M771.4 M414.6 M
Slightly volatile
EBITDA846.8 M806.5 M436.5 M
Slightly volatile
Cost Of Revenue5.6 B5.3 B3.5 B
Slightly volatile
Total Operating Expenses1.2 B1.2 B771.9 M
Slightly volatile
Income Before Tax829.4 M789.9 M414.1 M
Slightly volatile
Net Income563.2 M536.3 M261.1 M
Slightly volatile
Income Tax Expense163.5 M155.8 M92 M
Slightly volatile
Selling General Administrative1.2 B1.1 B764 M
Slightly volatile
Net Income Applicable To Common Shares664 M632.4 M272 M
Slightly volatile
Net Income From Continuing Ops355.1 M693.5 M314 M
Slightly volatile
Tax Provision109.6 M124.8 M102 M
Pretty Stable
Interest Income2.7 M1.9 M3.9 M
Slightly volatile
Reconciled Depreciation29.5 M33.6 M24.8 M
Slightly volatile
Extraordinary Items1.6 M1.6 M6.1 M
Slightly volatile
Selling And Marketing Expenses76.9 M82.6 M61.3 M
Slightly volatile

Watsco Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Begin Period Cash Flow154.9 M147.5 M77.4 M
Slightly volatile
Depreciation36.8 M35.1 M22 M
Slightly volatile
Dividends Paid401.8 M382.6 M197.2 M
Slightly volatile
Capital Expenditures18.9 M35.5 M20.7 M
Slightly volatile
Total Cash From Operating Activities589.2 M561.1 M296.3 M
Slightly volatile
Net Income524.3 M499.4 M303.7 M
Slightly volatile
End Period Cash Flow220.6 M210.1 M87.1 M
Slightly volatile
Stock Based Compensation31.5 M30 M16.4 M
Slightly volatile
Change To Netincome18.6 M29.9 M23 M
Very volatile
Issuance Of Capital Stock21.3 M35.6 M12.7 M
Slightly volatile

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio2.252.14161.2992
Slightly volatile
Dividend Yield0.01950.02450.0333
Slightly volatile
PTB Ratio7.356.99554.6116
Slightly volatile
Days Sales Outstanding50.6939.980541.5795
Pretty Stable
Book Value Per Share64.3161.24935.5341
Slightly volatile
Invested Capital0.04930.05190.2002
Slightly volatile
Operating Cash Flow Per Share16.1815.41258.3106
Slightly volatile
Stock Based Compensation To Revenue0.00240.00410.0032
Slightly volatile
PB Ratio7.356.99554.6116
Slightly volatile
EV To Sales2.282.16831.296
Slightly volatile
ROIC0.280.2640.1973
Slightly volatile
Inventory Turnover3.33.95374.1788
Pretty Stable
Net Income Per Share15.4714.7327.3184
Slightly volatile
Days Of Inventory On Hand99.7992.319686.1652
Slightly volatile
Payables Turnover11.4414.420115.3569
Slightly volatile
Sales General And Administrative To Revenue0.20.15140.1655
Pretty Stable
Cash Per Share6.065.77132.533
Slightly volatile
POCF Ratio15.927.800225.0134
Slightly volatile
Payout Ratio0.420.71340.7825
Pretty Stable
Days Payables Outstanding29.2825.311924.5219
Slightly volatile
Income Quality0.831.12360.89
Slightly volatile
ROE0.250.24050.1853
Slightly volatile
EV To Operating Cash Flow29.4428.147134.6343
Slightly volatile
PE Ratio15.2829.084223.8368
Very volatile
Return On Tangible Assets0.180.17280.1408
Slightly volatile
Earnings Yield0.06640.03440.0449
Very volatile
Intangibles To Total Assets0.180.17870.269
Slightly volatile
Current Ratio4.523.35943.9417
Slightly volatile
Tangible Book Value Per Share55.9853.312327.904
Slightly volatile
Receivables Turnover6.649.12948.8235
Very volatile
Graham Number15014275.8453
Slightly volatile
Shareholders Equity Per Share64.3161.24935.5341
Slightly volatile
Debt To Equity0.04930.05190.2002
Slightly volatile
Revenue Per Share210200131
Slightly volatile
Interest Debt Per Share3.423.31226.0421
Pretty Stable
Debt To Assets0.02910.03060.1067
Slightly volatile
Enterprise Value Over EBITDA20.5619.582616.612
Very volatile
Short Term Coverage Ratios5.325.59633.3 K
Slightly volatile
Price Earnings Ratio15.2829.084223.8368
Very volatile
Operating Cycle153132132
Pretty Stable
Price Book Value Ratio7.356.99554.6116
Slightly volatile
Days Of Payables Outstanding29.2825.311924.5219
Slightly volatile
Dividend Payout Ratio0.420.71340.7825
Pretty Stable
Price To Operating Cash Flows Ratio15.927.800225.0134
Slightly volatile
Pretax Profit Margin0.110.10840.0857
Slightly volatile
Ebt Per Ebit0.71.02391.019
Slightly volatile
Operating Profit Margin0.110.10590.0836
Slightly volatile
Effective Tax Rate0.350.19720.247
Pretty Stable
Company Equity Multiplier2.231.69511.8378
Very volatile
Long Term Debt To Capitalization0.00650.00690.1579
Slightly volatile
Total Debt To Capitalization0.04680.04930.1571
Slightly volatile
Return On Capital Employed0.130.25150.1999
Slightly volatile
Debt Equity Ratio0.04930.05190.2002
Slightly volatile
Ebit Per Revenue0.110.10590.0836
Slightly volatile
Quick Ratio2.091.41561.8603
Slightly volatile
Net Income Per E B T0.670.6790.6106
Slightly volatile
Cash Ratio0.280.29510.5547
Slightly volatile
Cash Conversion Cycle128107110
Pretty Stable
Operating Cash Flow Sales Ratio0.08090.0770.0563
Slightly volatile
Days Of Inventory Outstanding99.7992.319686.1652
Slightly volatile
Days Of Sales Outstanding50.6939.980541.5795
Pretty Stable
Cash Flow Coverage Ratios5.094.85122.5082
Pretty Stable
Price To Book Ratio7.356.99554.6116
Slightly volatile
Fixed Asset Turnover13.714.423941.3291
Slightly volatile
Price Cash Flow Ratio15.927.800225.0134
Slightly volatile
Enterprise Value Multiple20.5619.582616.612
Very volatile
Debt Ratio0.02910.03060.1067
Slightly volatile
Cash Flow To Debt Ratio5.094.85122.5082
Pretty Stable
Price Sales Ratio2.252.14161.2992
Slightly volatile
Return On Assets0.150.14190.1039
Slightly volatile
Asset Turnover1.581.92711.9839
Very volatile
Net Profit Margin0.07730.07360.0538
Slightly volatile
Gross Profit Margin0.280.26870.2614
Pretty Stable
Price Fair Value7.356.99554.6116
Slightly volatile
Return On Equity0.250.24050.1853
Slightly volatile

Watsco Valuation Data

Current ValueLast YearHistorical Average 10 Year Trend
Market Cap16.4 B15.6 B6.8 B
Slightly volatile
Enterprise Value16.6 B15.8 B6.9 B
Slightly volatile

Watsco Fundamental Market Drivers

Forward Price Earnings28.0899
Cash And Short Term Investments210.1 M

Watsco Upcoming Events

15th of February 2024
Upcoming Quarterly Report
View
18th of April 2024
Next Financial Report
View
31st of December 2023
Next Fiscal Quarter End
View
15th of February 2024
Next Fiscal Year End
View
30th of September 2023
Last Quarter Report
View
31st of December 2022
Last Financial Announcement
View

About Watsco Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Watsco income statement, its balance sheet, and the statement of cash flows. Watsco investors use historical funamental indicators, such as Watsco's revenue or net income, to determine how well the company is positioned to perform in the future. Although Watsco investors may use each financial statement separately, they are all related. The changes in Watsco's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Watsco's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Watsco Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Watsco. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Current Deferred Revenue120.2 M88.9 M
Total Revenue7.3 B7.6 B
Cost Of Revenue5.3 B5.6 B
Stock Based Compensation To Revenue 0  0 
Sales General And Administrative To Revenue 0.15  0.20 
Research And Ddevelopement To Revenue 0.00  0.00 
Capex To Revenue(0)(0.01)
Revenue Per Share 200.07  210.07 
Ebit Per Revenue 0.11  0.11 

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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
When determining whether Watsco Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Watsco's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Watsco Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Watsco Inc Stock:
Check out the analysis of Watsco Correlation against competitors.
You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.

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Is Watsco's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Watsco. If investors know Watsco will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Watsco listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.41)
Dividend Share
9.8
Earnings Share
13.66
Revenue Per Share
200.07
Quarterly Revenue Growth
0.014
The market value of Watsco Inc is measured differently than its book value, which is the value of Watsco that is recorded on the company's balance sheet. Investors also form their own opinion of Watsco's value that differs from its market value or its book value, called intrinsic value, which is Watsco's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Watsco's market value can be influenced by many factors that don't directly affect Watsco's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Watsco's value and its price as these two are different measures arrived at by different means. Investors typically determine if Watsco is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Watsco's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.