The financials
Watsco, Inc. by the numbers
Watsco, Inc. (WSO) reported revenue of $1.53B in Q1 2026 (quarter ended March 31, 2026), up 0.1% from the same quarter a year earlier. That came with a gross margin of 28% and net income of $79M (5.2% of revenue). For the full year FY2025, revenue was $7.24B (−5.0% year on year) and net income $497M. Its largest region in 2026-Q1 was US at $1.40B, 91% of the disclosed total, just ahead of Latin America And Caribbean at 4.6%.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $1.53B | $1.53B | +0.1% |
| Gross profit | $428M | $430M | −0.5% |
| Operating income | $110M | $112M | −1.8% |
| Net income | $79M | $80M | −1.2% |
| Diluted EPS | $1.87 | $1.93 | −3.1% |
| Geographic | Revenue | Share |
|---|---|---|
| US | $1.40B | 91% |
| Latin America And Caribbean | $70M | 4.6% |
| CA | $67M | 4.4% |
Business Segments
Revenue split by geographic segment, from SEC XBRL filings.
Latest period: Q1 2026Total $1.53B (-26%)
US grew +1.3% year on yearCA -12% year on year
Segment Latestquarter on quarteryear on year
- US$1.40B$1.40BQoQ -26%year on year +1.3%-26%+1.3%
- Latin America And Caribbean$70.1M$70.1MQoQ -23%year on year -9.0%-23%-9.0%
- CA$67.4M$67.4MQoQ -23%year on year -12%-23%-12%
Industrial Distribution
Ranks #13 of 17 by Smart Score