Watsco, Inc. (WSO) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	7.3B	7.2B	7.6B	7.3B	7.3B
Cost of Revenue	5.3B	5.2B	5.6B	5.3B	5.2B
Gross Profit	2.0B	2.0B	2.0B	2.0B	2.0B
Operating Expenses
R&D Expense	—	—	—	—	—
SG&A Expense	1.3B	1.3B	1.3B	1.2B	1.2B
General & Admin Expense	—	—	1.2B	—	—
Selling & Marketing Expense	—	—	84.8M	—	—
Other Expenses	2.5M	—	7.1M	(26.2M)	(22.7M)
Total Operating Expenses	1.4B	1.3B	1.3B	1.2B	1.2B
Cost and Expenses	6.6B	6.5B	6.8B	6.5B	6.4B
Operating Income (EBIT)	679.1M	692.6M	781.8M	794.8M	831.6M
Non-Operating
Interest Income	19.5M	17.3M	—	—	—
Interest Expense	—	—	(20.9M)	4.9M	2.2M
Net Interest Income	19.5M	17.3M	20.9M	(4.9M)	(2.2M)
Other Non-Op Income/Expense	25.3M	45.1M	20.9M	(4.9M)	(2.2M)
Non-Operating Income (excl Interest)	(25.3M)	(45.1M)	30.5M	26.2M	22.7M
EBT (Pre-Tax Income)	704.4M	737.7M	802.6M	789.9M	829.4M
Income Tax Expense	143.9M	150.1M	166.9M	155.8M	125.7M
Bottom Line
Net Income	475.7M	497.0M	536.3M	536.3M	601.2M
Earnings from Cont. Ops	560.5M	587.6M	635.7M	634.1M	703.7M
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	438.3M	464.2M	498.9M	499.4M	549.9M
Per Share
Basic EPS	$11.58	$12.25	$13.34	$13.67	$15.46
Diluted EPS	$11.58	$12.25	$13.30	$13.67	$15.41
Revenue Per Share	$191.28	$191.01	$203.10	$199.38	$204.54
Shares
Basic Shares Outstanding	38.1M	37.9M	37.5M	36.5M	35.6M
Diluted Shares Outstanding	38.1M	37.9M	37.5M	36.5M	35.7M
Profitability Metrics
EBITDA	737.5M	781.4M	792.1M	803.7M	840.6M
D&A	33.1M	43.8M	40.8M	35.1M	31.7M
EBIT	704.4M	737.7M	751.3M	768.6M	808.9M

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026