Watsco

Watsco

Trading Companies & Distributors
Watsco is the largest heating, ventilation, air conditioning, and refrigeration products distributor in North America. The company primarily operates in the United States (90% of revenue), with significant exposure in the Sun Belt states. Watsco also has operations in Canada (5% of sales) and Latin America (5% of sales). The company's customer base consists of more than 125,000 contractors that serve the replacement and new construction HVACR markets for residential and light commercial applications.

$13.3B

Market Cap • 10/23/2026

1956

(70 years)

Founded

1984

(42 years ago)

IPO

NYSE

Listing Exchange

Flag of United States

United States

Country

Valuation

P/B

4,4

P/S

1,8

P/EBITDA

18,3

P/OCF

18,2

P/FCF

19,1

P/E

28

BVPS

72,6

EPS

12,5

Market Cap

Market Cap

13,3B

EV

13,9B

EV/Revenue

1,9

EV/EBITDA

19

EV/EBIT

20,3

Payout

Dividend Per Share

12,3

Dividend Yield

3,9%

Buyback Yield

-0,3%

Total Yield

3,6%

Dividend Yield 5Y

3%

Payout

104,9%

Retained Earnings

1,3B

Profitability

Gross Margin

27,5%

EBITDA Margin

10%

EBIT Margin

9,4%

Net Margin

7,7%

D&A/EBITDA

0%

R&D/Revenue

0%

Capex/Revenue

0,5%

Capex/D&A

82,1%

Capex/OCF

4,9%

SBC/OCF

4,7%

% PPE

12,9%

% Goodwill

11%

ROE

16,7%

ROIC

15,3%

Growth

CAGR Revenue 5Y

5,1%

CAGR Op. Income 5Y

5,5%

CAGR Net Income 5Y

5,9%

CAGR EPS 5Y

5,1%

CAGR OCF 5Y

15,6%

Leverage

N.D./EBITDA

0,1

Debt/Equity

0%

Current Ratio

3,2

Quick Ratio

1,4

Interest Coverage

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