Watsco Financial Statements From 2010 to 2026

Watsco Balance Sheet		Trends
Current Value Last Year Historical Average  10 Year Trend Total Assets 5.5 B 5.2 B 2.6 B Slightly volatile Short and Long Term Debt Total 540.3 M 514.6 M 287.1 M Slightly volatile Other Current Liabilities 462.2 M 440.2 M 147 M Slightly volatile Total Current Liabilities 1.2 B 1.1 B 529.8 M Slightly volatile Total Stockholder Equity 3.2 B 3.1 B 1.5 B Slightly volatile Property Plant And Equipment Net 675.8 M 643.6 M 256.1 M Slightly volatile Retained Earnings 1.6 B 1.5 B 722.8 M Slightly volatile Cash 635.5 M 605.2 M 168.4 M Slightly volatile Non Current Assets Total 1.8 B 1.7 B 917.6 M Slightly volatile Cash And Short Term Investments 944.2 M 899.2 M 218.9 M Slightly volatile Net Receivables 1.1 B 1 B 571.1 M Slightly volatile Common Stock Shares Outstanding 28 M 43.1 M 33.9 M Slightly volatile Liabilities And Stockholders Equity 5.5 B 5.2 B 2.6 B Slightly volatile Non Current Liabilities Total 584.6 M 556.7 M 313 M Slightly volatile Inventory 1.7 B 1.6 B 907.8 M Slightly volatile Other Current Assets 41.9 M 39.9 M 24.4 M Slightly volatile Other Stockholder Equity 1.7 B 1.6 B 793.7 M Slightly volatile Total Liabilities 1.8 B 1.7 B 842.8 M Slightly volatile Total Current Assets 3.7 B 3.5 B 1.7 B Slightly volatile Short Term Debt 133.2 M 126.8 M 56.8 M Slightly volatile Intangible Assets 124.8 M 239.7 M 165.4 M Slightly volatile Accounts Payable 592.7 M 564.5 M 278.2 M Slightly volatile Property Plant And Equipment Gross 977.1 M 930.6 M 290.9 M Slightly volatile Common Stock Total Equity 20.5 M 25.1 M 20.8 M Slightly volatile Common Stock 21 M 25.6 M 21 M Slightly volatile Other Liabilities 108.5 M 103.4 M 58.9 M Slightly volatile Good Will 336 M 519.6 M 388.9 M Slightly volatile Property Plant Equipment 675.8 M 643.6 M 216.6 M Slightly volatile Net Tangible Assets 809 M 1.5 B 812.2 M Slightly volatile Long Term Debt Total 13.2 M 13.9 M 165.5 M Slightly volatile Capital Surpluse 927.8 M 1.7 B 869.4 M Slightly volatile Long Term Investments 203.6 M 193.9 M 72.7 M Slightly volatile Short and Long Term Debt 121.1 M 115.3 M 47.7 M Slightly volatile Cash And Equivalents 635.5 M 605.2 M 177.6 M Slightly volatile Net Invested Capital 2 B 3.1 B 1.7 B Slightly volatile Net Working Capital 1.4 B 2.4 B 1.2 B Slightly volatile Capital Stock 23.9 M 25.6 M 21.8 M Slightly volatile Capital Lease Obligations 265.8 M 514.6 M 212.8 M Slightly volatile Non Current Liabilities Other 94.6 M 108.3 M 80.2 M Slightly volatile
Watsco Income Statement		Trends
Current Value Last Year Historical Average  10 Year Trend Depreciation And Amortization 49.3 M 46.9 M 25.3 M Slightly volatile Interest Expense 25.2 M 24 M 10 M Very volatile Total Revenue 9.2 B 8.8 B 5.2 B Slightly volatile Gross Profit 2.5 B 2.4 B 1.3 B Slightly volatile Other Operating Expenses 8.3 B 7.9 B 4.7 B Slightly volatile Operating Income 944 M 899 M 474 M Slightly volatile EBIT 907.2 M 864 M 466.4 M Slightly volatile EBITDA 956.5 M 910.9 M 491.7 M Slightly volatile Cost Of Revenue 6.7 B 6.4 B 3.8 B Slightly volatile Total Operating Expenses 1.5 B 1.5 B 857.9 M Slightly volatile Income Before Tax 969.2 M 923 M 475.1 M Slightly volatile Net Income 647.6 M 616.7 M 303.1 M Slightly volatile Income Tax Expense 201.5 M 191.9 M 104.5 M Slightly volatile Selling General Administrative 1.4 B 1.3 B 837.3 M Slightly volatile Net Income Applicable To Common Shares 602.4 M 573.7 M 291.6 M Slightly volatile Net Income From Continuing Ops 379.7 M 731.1 M 358.9 M Slightly volatile Selling And Marketing Expenses 62.5 M 97.5 M 57.3 M Slightly volatile Tax Provision 117 M 191.9 M 111.5 M Slightly volatile Interest Income 25.2 M 24 M 7.6 M Slightly volatile Reconciled Depreciation 31.5 M 46.9 M 27.1 M Slightly volatile Extraordinary Items 1.6 M 1.6 M 5.6 M Slightly volatile
Watsco Cash Flow Statement		Trends
Current Value Last Year Historical Average  10 Year Trend Begin Period Cash Flow 253.7 M 241.6 M 100.7 M Slightly volatile Depreciation 49.3 M 46.9 M 25.3 M Slightly volatile Dividends Paid 511.4 M 487 M 234 M Slightly volatile Capital Expenditures 20.1 M 34.6 M 22.2 M Slightly volatile Total Cash From Operating Activities 933.5 M 889.1 M 379.5 M Slightly volatile Net Income 767.7 M 731.1 M 370.6 M Slightly volatile End Period Cash Flow 635.5 M 605.2 M 167.9 M Slightly volatile Stock Based Compensation 42.3 M 40.3 M 19.5 M Slightly volatile Change To Netincome 18.6 M 29.9 M 24.2 M Pretty Stable Issuance Of Capital Stock 340.3 M 324.1 M 65.6 M Slightly volatile
Financial Ratios		Trends
Current Value Last Year Historical Average  10 Year Trend Price To Sales Ratio 2.2 2.1 1.4046 Slightly volatile Dividend Yield 0.0202 0.0214 0.0314 Slightly volatile PTB Ratio 6.32 6.02 4.7575 Slightly volatile Days Sales Outstanding 50.38 48.37 41.9891 Very volatile Book Value Per Share 77.2 73.52 47.3065 Slightly volatile Operating Cash Flow Per Share 19.48 18.55 9.8452 Slightly volatile Stock Based Compensation To Revenue 0.0026 0.0041 0.0034 Slightly volatile Capex To Depreciation 0.81 0.85 0.9644 Pretty Stable PB Ratio 6.32 6.02 4.7575 Slightly volatile EV To Sales 2.2 2.09 1.4016 Slightly volatile ROIC 0.08 0.15 0.1492 Slightly volatile Inventory Turnover 3.28 3.62 4.1386 Pretty Stable Net Income Per Share 13.51 12.87 7.9372 Slightly volatile Days Of Inventory On Hand 100 104 87.4995 Slightly volatile Payables Turnover 11.33 10.22 14.8073 Slightly volatile Sales General And Administrative To Revenue 0.12 0.14 0.1509 Slightly volatile Capex To Revenue 0.0043 0.0045 0.0048 Pretty Stable Cash Per Share 19.7 18.76 5.3659 Slightly volatile POCF Ratio 15.73 20.69 24.5916 Slightly volatile Payout Ratio 0.41 0.71 0.7771 Pretty Stable Capex To Operating Cash Flow 0.0425 0.0448 0.2964 Slightly volatile Days Payables Outstanding 29.55 36.97 25.7284 Slightly volatile Income Quality 0.81 1.09 0.9082 Slightly volatile ROE 0.11 0.18 0.1778 Slightly volatile EV To Operating Cash Flow 28.78 26.32 33.4177 Slightly volatile PE Ratio 15.56 29.83 24.7593 Pretty Stable Return On Tangible Assets 0.0755 0.12 0.1302 Slightly volatile Earnings Yield 0.0656 0.0347 0.0434 Pretty Stable Intangibles To Total Assets 0.18 0.13 0.2381 Slightly volatile Current Ratio 4.51 3.6 3.8763 Slightly volatile Tangible Book Value Per Share 60.56 57.68 32.0426 Slightly volatile Receivables Turnover 6.67 7.81 8.7571 Pretty Stable Graham Number 143 136 83.3554 Slightly volatile Shareholders Equity Per Share 66.94 63.75 39.4127 Slightly volatile Debt To Equity 0.18 0.19 0.2198 Slightly volatile Capex Per Share 0.7 0.92 0.6401 Slightly volatile Revenue Per Share 192 183 137 Slightly volatile Interest Debt Per Share 10.75 10.24 7.864 Slightly volatile Debt To Assets 0.22 0.11 0.126 Very volatile Enterprise Value Over EBITDA 21.11 20.11 15.0785 Slightly volatile Short Term Coverage Ratios 4.79 5.04 3 K Slightly volatile Price Earnings Ratio 15.56 29.83 24.7593 Pretty Stable Operating Cycle 153 153 133 Very volatile Price Book Value Ratio 6.32 6.02 4.7575 Slightly volatile Days Of Payables Outstanding 29.55 36.97 25.7284 Slightly volatile Dividend Payout Ratio 0.41 0.71 0.7771 Pretty Stable Price To Operating Cash Flows Ratio 15.73 20.69 24.5916 Slightly volatile Pretax Profit Margin 0.0518 0.0948 0.084 Slightly volatile Ebt Per Ebit 0.7 0.92 1.0119 Slightly volatile Operating Profit Margin 0.097 0.0924 0.0847 Slightly volatile Effective Tax Rate 0.35 0.24 0.2443 Pretty Stable Company Equity Multiplier 2.22 1.96 1.8348 Very volatile Long Term Debt To Capitalization 0.0075 0.0079 0.1222 Slightly volatile Total Debt To Capitalization 0.3 0.17 0.1827 Very volatile Return On Capital Employed 0.13 0.2 0.2018 Slightly volatile Debt Equity Ratio 0.18 0.19 0.2198 Slightly volatile Ebit Per Revenue 0.097 0.0924 0.0847 Slightly volatile Quick Ratio 2.43 1.98 1.9322 Slightly volatile Dividend Paid And Capex Coverage Ratio 2.2 1.96 1.4592 Slightly volatile Net Income Per E B T 0.67 0.77 0.6234 Slightly volatile Cash Ratio 0.9 0.62 0.5943 Slightly volatile Cash Conversion Cycle 128 116 110 Pretty Stable Operating Cash Flow Sales Ratio 0.0959 0.0913 0.0621 Slightly volatile Days Of Inventory Outstanding 100 104 87.4995 Slightly volatile Days Of Sales Outstanding 50.38 48.37 41.9891 Very volatile Cash Flow Coverage Ratios 1.55 1.7277 1.9625 Very volatile Price To Book Ratio 6.32 6.02 4.7575 Slightly volatile Fixed Asset Turnover 11.64 12.25 37.867 Slightly volatile Capital Expenditure Coverage Ratio 24.28 23.12 14.6376 Slightly volatile Price Cash Flow Ratio 15.73 20.69 24.5916 Slightly volatile Enterprise Value Multiple 21.11 20.11 15.0785 Slightly volatile Debt Ratio 0.22 0.11 0.126 Very volatile Cash Flow To Debt Ratio 1.55 1.7277 1.9625 Very volatile Price Sales Ratio 2.2 2.1 1.4046 Slightly volatile Return On Assets 0.0586 0.11 0.0999 Slightly volatile Asset Turnover 1.58 1.51 1.9403 Pretty Stable Net Profit Margin 0.033 0.0634 0.0528 Slightly volatile Gross Profit Margin 0.28 0.31 0.2649 Very volatile Price Fair Value 6.32 6.02 4.7575 Slightly volatile Return On Equity 0.11 0.18 0.1778 Slightly volatile
Watsco Valuation Data		Trends
Current Value Last Year Historical Average  10 Year Trend Market Cap 14.8 B 14.1 B 7.6 B Slightly volatile Enterprise Value 15.1 B 14.4 B 7.8 B Slightly volatile

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Pair Trading with Watsco

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Watsco position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Watsco will appreciate offsetting losses from the drop in the long position's value.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:

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