Watsco, Inc. (NYSE:WSO) is the largest distributor of heating, air conditioning, and refrigeration (HVAC/R) products with 507 locations in 36 states, Puerto Rico, Latin America and the Caribbean. Founded more than 50 years ago as a manufacturer of parts and components for HVAC/R equipment, Watsco entered the distribution segment in 1989 and has become the industry leader with sales of $2.0 billion in 2009. Watsco has 4,000 employees assisting over 50,000 contractors who, in turn, service, repair or replace HVAC/R systems. Watsco meets contractor’s needs by supplying the products required for the four major industry segments: Air conditioners, furnaces and related parts (50%) Air movement products, including ductwork and insulation (25%) Controls, including thermostats and air treatment systems (15%) Refrigeration products (10%)
Miami, US
Size (employees)
5,050 (est)+1%
Watsco was founded in 1947 and is headquartered in Miami, US

Watsco Office Locations

Watsco has an office in Miami
Miami, US (HQ)
901 2665 S Bayshore Dr

Watsco Data and Metrics

Watsco Financial Metrics

Watsco's revenue was reported to be $4.2 b in FY, 2016 which is a 3% increase from the previous period.
Numbers are in $, USD

Revenue (FY, 2016)

4.2 b

Revenue growth (FY, 2015 - FY, 2016), %


Gross profit (FY, 2016)

1 b

Gross profit margin (FY, 2016), %


Net income (FY, 2016)

236 m

EBIT (FY, 2016)

345.6 m

Market capitalization (21-Jun-2017)

5 b

Closing share price (21-Jun-2017)


Cash (31-Dec-2016)

56 m
Watsco's current market capitalization is $5 b.
FY, 2013FY, 2014FY, 2015FY, 2016


3.7 b3.9 b4.1 b4.2 b

Revenue growth, %


Cost of goods sold

3.1 b3.2 b

Gross profit

899.3 m956.4 m1 b1 b

Gross profit Margin, %



271.2 m305.7 m336.7 m345.6 m

EBIT margin, %


Pre tax profit

331.2 m341.9 m

Net Income

187.7 m208.7 m226.5 m236 m
FY, 2013FY, 2014FY, 2015FY, 2016


19.5 m24.4 m35.2 m56 m

Accounts Receivable

399.6 m434.2 m451.1 m476 m


583.2 m678 m674 m685 m

Current Assets

1 b1.2 b1.2 b1.2 b


45.4 m53.5 m62.7 m90.5 m


392.6 m387.3 m378.3 m379.7 m

Total Assets

1.7 b1.8 b1.8 b1.9 b

Accounts Payable

141.1 m173.4 m145.2 m185.5 m

Current Liabilities

243.5 m287 m270.3 m314.9 m

Additional Paid-in Capital

606.4 m580.6 m602.5 m592.4 m

Retained Earnings

339.4 m420.9 m495.3 m550.5 m

Total Equity

1.1 b1.1 b1.2 b1.3 b

Financial Leverage

1.5 x1.6 x1.5 x1.5 x
FY, 2013FY, 2014FY, 2015FY, 2016

Net Income

187.7 m208.7 m226.5 m236 m

Depreciation and Amortization

17.7 m17.9 m19.1 m20.1 m

Accounts Receivable

(26 m)(41 m)(26 m)(27 m)


(41 m)(99 m)(3.7 m)(9.7 m)

Accounts Payable

(7.3 m)45.2 m(13.2 m)39.8 m

Cash From Operating Activities

150.3 m145 m221.4 m277.8 m

Capital Expenditures

(14.6 m)(21.5 m)(23.7 m)(43.6 m)

Cash From Investing Activities

(14.3 m)(19.1 m)(22.9 m)(42.8 m)

Cash From Financing Activities

(189 m)(120.2 m)(186.3 m)(213.9 m)

Free Cash Flow

164.8 m166.5 m245.1 m321.3 m
Numbers are in $, USDY, 2016


844.1 k

Financial Leverage

1.5 x

Watsco Market Value History

Watsco Job Categories

Watsco Online and Social Media Presence

Watsco Company Life and Culture

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