Watsco Historical Income Statement

WSO Stock  USD 434.28  10.03  2.36%   
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.
 
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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.
  
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.

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 28th of March 2024, EBITDA is likely to grow to about 846.8 M, though Minority Interest is likely to grow to (97 M).

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 28th of March 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 Expense996K2.2M4.9M5.4M
Depreciation And Amortization28.1M31.7M35.1M36.8M

Watsco income statement Correlations

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0.7-0.150.740.790.720.840.840.840.710.730.850.60.860.710.76-0.840.920.64-0.59-0.170.95-0.59
Click cells to compare fundamentals

Watsco Account Relationship Matchups

Watsco income statement Accounts

201920202021202220232024 (projected)
Depreciation And Amortization24.5M25.9M28.1M31.7M35.1M36.8M
Interest Expense4.0M1.2M996K2.2M4.9M5.4M
Total Revenue4.8B5.1B6.3B7.3B7.3B7.6B
Gross Profit1.2B1.2B1.7B2.0B2.0B2.1B
Other Operating Expenses4.4B4.7B5.7B6.5B6.5B6.8B
Operating Income366.9M401.0M628.5M831.6M771.4M810.0M
Ebit366.9M401.0M628.5M831.6M771.4M810.0M
Ebitda391.4M426.9M656.7M863.3M806.5M846.8M
Cost Of Revenue3.6B3.8B4.6B5.2B5.3B5.6B
Total Operating Expenses800.3M833.1M1.1B1.2B1.2B1.2B
Income Before Tax362.9M399.8M627.5M829.4M789.9M829.4M
Total Other Income Expense Net(4.0M)(1.2M)(996K)(2.2M)18.5M19.4M
Net Income246.0M269.6M418.9M601.2M536.3M563.2M
Income Tax Expense67.1M76.6M128.8M125.7M155.8M163.5M
Selling General Administrative800.3M833.1M1.1B1.2B1.2B1.3B
Net Income Applicable To Common Shares246.0M269.6M418.9M549.9M632.4M664.0M
Minority Interest49.8M53.6M79.8M(102.5M)(102.1M)(97.0M)
Net Income From Continuing Ops295.8M323.2M498.7M703.7M693.5M355.1M
Tax Provision67.1M76.6M128.8M125.7M124.8M109.6M
Interest Income4.0M1.2M996K2.2M1.9M2.7M
Net Interest Income(4.0M)(1.2M)(996K)(2.2M)(5.9M)(6.2M)
Reconciled Depreciation24.5M25.9M28.1M31.7M33.6M29.5M

Watsco Investors Sentiment

The influence of Watsco's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Watsco. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Watsco's public news can be used to forecast risks associated with an investment in Watsco. The trend in average sentiment can be used to explain how an investor holding Watsco can time the market purely based on public headlines and social activities around Watsco Inc. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Watsco's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Watsco's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Watsco's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Watsco.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Watsco in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Watsco's short interest history, or implied volatility extrapolated from Watsco options trading.

Also Currently Popular

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 Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.

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
13.66
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.