Watsco Historical Income Statement
| WSO Stock | USD 403.94 9.43 2.28% |
Historical analysis of Watsco income statement accounts such as Depreciation And Amortization of 36.8 M, Interest Expense of 5.4 M, Total Revenue of 7.6 B or Gross Profit of 2.1 B can show how well Watsco Inc performed in making a profits. Evaluating Watsco income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Watsco's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Watsco Inc latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Watsco Inc is a good buy for the upcoming year.
Watsco |
About Watsco Income Statement Analysis
Watsco Inc Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Watsco shareholders. The income statement also shows Watsco investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Watsco Income Statement Chart
Watsco Inc Income Statement is one of the three primary financial statements used for reporting Watsco's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Watsco Inc revenue and expense. Watsco Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Watsco's EBIT is very stable compared to the past year. As of the 18th of April 2024, EBITDA is likely to grow to about 846.8 M, though Minority Interest is likely to grow to (97 M). Add Fundamental
Total Revenue
Total revenue comprises all receipts Watsco Inc generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of Watsco Inc minus its cost of goods sold. It is profit before Watsco operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Watsco Inc. It is also known as Watsco overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Operating Income
Operating Income is the amount of profit realized from Watsco Inc operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Watsco Inc is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.Most accounts from Watsco's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Watsco Inc current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Watsco Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. At this time, Watsco's EBIT is very stable compared to the past year. As of the 18th of April 2024, EBITDA is likely to grow to about 846.8 M, though Minority Interest is likely to grow to (97 M).
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 996K | 2.2M | 4.9M | 5.4M | Depreciation And Amortization | 28.1M | 31.7M | 35.1M | 36.8M |
Watsco income statement Correlations
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Watsco income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 24.5M | 25.9M | 28.1M | 31.7M | 35.1M | 36.8M | |
| Interest Expense | 4.0M | 1.2M | 996K | 2.2M | 4.9M | 5.4M | |
| Total Revenue | 4.8B | 5.1B | 6.3B | 7.3B | 7.3B | 7.6B | |
| Gross Profit | 1.2B | 1.2B | 1.7B | 2.0B | 2.0B | 2.1B | |
| Other Operating Expenses | 4.4B | 4.7B | 5.7B | 6.5B | 6.5B | 6.8B | |
| Operating Income | 366.9M | 401.0M | 628.5M | 831.6M | 771.4M | 810.0M | |
| Ebit | 366.9M | 401.0M | 628.5M | 831.6M | 771.4M | 810.0M | |
| Ebitda | 391.4M | 426.9M | 656.7M | 863.3M | 806.5M | 846.8M | |
| Cost Of Revenue | 3.6B | 3.8B | 4.6B | 5.2B | 5.3B | 5.6B | |
| Total Operating Expenses | 800.3M | 833.1M | 1.1B | 1.2B | 1.2B | 1.2B | |
| Income Before Tax | 362.9M | 399.8M | 627.5M | 829.4M | 789.9M | 829.4M | |
| Total Other Income Expense Net | (4.0M) | (1.2M) | (996K) | (2.2M) | 18.5M | 19.4M | |
| Net Income | 246.0M | 269.6M | 418.9M | 601.2M | 536.3M | 563.2M | |
| Income Tax Expense | 67.1M | 76.6M | 128.8M | 125.7M | 155.8M | 163.5M | |
| Selling General Administrative | 800.3M | 833.1M | 1.1B | 1.2B | 1.2B | 1.3B | |
| Net Income Applicable To Common Shares | 246.0M | 269.6M | 418.9M | 549.9M | 632.4M | 664.0M | |
| Minority Interest | 49.8M | 53.6M | 79.8M | (102.5M) | (102.1M) | (97.0M) | |
| Net Income From Continuing Ops | 295.8M | 323.2M | 498.7M | 703.7M | 693.5M | 355.1M | |
| Tax Provision | 67.1M | 76.6M | 128.8M | 125.7M | 124.8M | 109.6M | |
| Interest Income | 4.0M | 1.2M | 996K | 2.2M | 1.9M | 2.7M | |
| Net Interest Income | (4.0M) | (1.2M) | (996K) | (2.2M) | (5.9M) | (6.2M) | |
| Reconciled Depreciation | 24.5M | 25.9M | 28.1M | 31.7M | 33.6M | 29.5M |
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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 Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Watsco Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
Complementary Tools for Watsco Stock analysis
When running Watsco's price analysis, check to measure Watsco's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Watsco is operating at the current time. Most of Watsco's value examination focuses on studying past and present price action to predict the probability of Watsco's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Watsco's price. Additionally, you may evaluate how the addition of Watsco to your portfolios can decrease your overall portfolio volatility.
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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 13.68 | 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.