Watsco Financial Statements From 2010 to 2024

Watsco Balance Sheet		Trends
Current Value Last Year Historical Average  10 Year Trend Total Assets 3.9 B 3.7 B 2.2 B Slightly volatile Short and Long Term Debt Total 425 M 404.8 M 246.8 M Slightly volatile Other Current Liabilities 254.5 M 242.4 M 91.9 M Slightly volatile Total Current Liabilities 747.6 M 712 M 430.1 M Slightly volatile Total Stockholder Equity 2.3 B 2.2 B 1.3 B Slightly volatile Property Plant And Equipment Net 530.2 M 505 M 200.4 M Slightly volatile Retained Earnings 1.2 B 1.2 B 611.9 M Slightly volatile Cash 220.6 M 210.1 M 87.7 M Slightly volatile Non Current Assets Total 1.4 B 1.3 B 808.4 M Slightly volatile Cash And Short Term Investments 220.6 M 210.1 M 87.7 M Slightly volatile Net Receivables 837.7 M 797.8 M 506.5 M Slightly volatile Common Stock Shares Outstanding 27.7 M 36.5 M 33 M Slightly volatile Liabilities And Stockholders Equity 4 B 3.8 B 2.2 B Slightly volatile Non Current Liabilities Total 421 M 401 M 274.4 M Slightly volatile Inventory 1.4 B 1.3 B 813 M Slightly volatile Other Current Assets 38.5 M 36.7 M 22.4 M Slightly volatile Other Stockholder Equity 1.1 B 1.1 B 661.1 M Slightly volatile Total Liabilities 1.2 B 1.2 B 711.4 M Slightly volatile Total Current Assets 2.5 B 2.4 B 1.4 B Slightly volatile Short Term Debt 105.3 M 100.3 M 40 M Slightly volatile Intangible Assets 128.6 M 218.1 M 157.8 M Slightly volatile Accounts Payable 387.9 M 369.4 M 231.2 M Slightly volatile Property Plant And Equipment Gross 762.6 M 726.3 M 199.4 M Slightly volatile Common Stock Total Equity 20.5 M 25.1 M 20.6 M Slightly volatile Common Stock 20.8 M 22.1 M 20.7 M Slightly volatile Other Liabilities 108.5 M 103.4 M 54.8 M Slightly volatile Other Assets 53.1 M 50.5 M 17.5 M Slightly volatile Good Will 329.3 M 457.1 M 375.5 M Slightly volatile Property Plant Equipment 534.6 M 509.1 M 156.1 M Slightly volatile Net Tangible Assets 809 M 1.5 B 749.4 M Slightly volatile Long Term Debt Total 218.1 M 280.1 M 216.1 M Pretty Stable Capital Surpluse 833.9 M 1.1 B 765.8 M Slightly volatile Long Term Investments 73.5 M 146.2 M 49.5 M Slightly volatile Short and Long Term Debt 52.1 M 100.3 M 35.1 M Slightly volatile Cash And Equivalents 110.9 M 169.6 M 88.2 M Slightly volatile Net Invested Capital 1.9 B 2.3 B 1.5 B Slightly volatile Net Working Capital 1.3 B 1.7 B 1.1 B Slightly volatile Capital Stock 23.9 M 22.1 M 21.6 M Slightly volatile Capital Lease Obligations 220.5 M 289.1 M 174.1 M Slightly volatile Non Current Liabilities Other 92.4 M 96.5 M 77.3 M Slightly volatile
Watsco Income Statement		Trends
Current Value Last Year Historical Average  10 Year Trend Depreciation And Amortization 36.8 M 35.1 M 21.9 M Slightly volatile Interest Expense 5.4 M 4.9 M 7.1 M Slightly volatile Total Revenue 7.6 B 7.3 B 4.6 B Slightly volatile Gross Profit 2.1 B 2 B 1.2 B Slightly volatile Other Operating Expenses 6.8 B 6.5 B 4.2 B Slightly volatile Operating Income 810 M 771.4 M 414.6 M Slightly volatile EBITDA 846.8 M 806.5 M 436.5 M Slightly volatile Cost Of Revenue 5.6 B 5.3 B 3.5 B Slightly volatile Total Operating Expenses 1.3 B 1.2 B 773.5 M Slightly volatile Income Before Tax 829.4 M 789.9 M 414.1 M Slightly volatile Net Income 563.2 M 536.3 M 261.1 M Slightly volatile Income Tax Expense 163.5 M 155.8 M 92 M Slightly volatile Selling General Administrative 1.2 B 1.1 B 764 M Slightly volatile Net Income Applicable To Common Shares 664 M 632.4 M 272 M Slightly volatile Net Income From Continuing Ops 355.1 M 693.5 M 314 M Slightly volatile Selling And Marketing Expenses 59.9 M 82.6 M 52.6 M Slightly volatile Tax Provision 109.6 M 124.8 M 102 M Pretty Stable Interest Income 2.7 M 1.9 M 3.9 M Slightly volatile Reconciled Depreciation 29.5 M 33.6 M 24.8 M Slightly volatile Extraordinary Items 1.6 M 1.6 M 6.1 M Slightly volatile
Watsco Cash Flow Statement		Trends
Current Value Last Year Historical Average  10 Year Trend Begin Period Cash Flow 154.9 M 147.5 M 77.4 M Slightly volatile Depreciation 36.8 M 35.1 M 22 M Slightly volatile Dividends Paid 401.8 M 382.6 M 197.2 M Slightly volatile Capital Expenditures 18.9 M 35.5 M 20.7 M Slightly volatile Total Cash From Operating Activities 590.1 M 562 M 296.4 M Slightly volatile Net Income 563.2 M 536.3 M 308.7 M Slightly volatile End Period Cash Flow 220.6 M 210.1 M 87.1 M Slightly volatile Stock Based Compensation 31.5 M 30 M 16.4 M Slightly volatile Change To Netincome 18.6 M 29.9 M 23 M Very volatile Issuance Of Capital Stock 21.3 M 35.6 M 12.7 M Slightly volatile
Financial Ratios		Trends
Current Value Last Year Historical Average  10 Year Trend Price To Sales Ratio 2.26 2.149 1.3004 Slightly volatile Dividend Yield 0.0195 0.0244 0.0333 Slightly volatile PTB Ratio 7.37 7.0197 4.6145 Slightly volatile Days Sales Outstanding 50.48 39.9805 41.5655 Pretty Stable Book Value Per Share 73.74 70.2309 42.9437 Slightly volatile Operating Cash Flow Per Share 16.15 15.3826 8.3066 Slightly volatile Stock Based Compensation To Revenue 0.0025 0.0041 0.0033 Slightly volatile Capex To Depreciation 0.96 1.0111 0.9849 Very volatile PB Ratio 7.37 7.0197 4.6145 Slightly volatile EV To Sales 2.28 2.1757 1.2965 Slightly volatile ROIC 0.28 0.264 0.2034 Slightly volatile Inventory Turnover 3.3 3.9276 4.1771 Pretty Stable Net Income Per Share 15.42 14.6814 7.3116 Slightly volatile Days Of Inventory On Hand 99.8 92.9318 86.2067 Slightly volatile Payables Turnover 11.5 14.3251 15.3546 Slightly volatile Sales General And Administrative To Revenue 0.2 0.1514 0.1655 Pretty Stable Capex To Revenue 0.0046 0.0049 0.0048 Pretty Stable Cash Per Share 6.04 5.7515 2.5303 Slightly volatile POCF Ratio 15.9 27.8541 25.017 Slightly volatile Interest Coverage 165 157 150 Slightly volatile Payout Ratio 0.42 0.7134 0.7825 Pretty Stable Capex To Operating Cash Flow 0.06 0.0631 0.3308 Slightly volatile Days Payables Outstanding 29.23 25.4798 24.5297 Slightly volatile Income Quality 0.82 1.0478 0.8843 Slightly volatile ROE 0.25 0.2405 0.1853 Slightly volatile EV To Operating Cash Flow 29.44 28.2005 34.6379 Slightly volatile PE Ratio 15.27 29.1845 23.8428 Very volatile Return On Tangible Assets 0.18 0.1756 0.141 Slightly volatile Earnings Yield 0.0666 0.0343 0.0449 Very volatile Intangibles To Total Assets 0.18 0.1811 0.2691 Slightly volatile Current Ratio 4.52 3.3594 3.9417 Slightly volatile Tangible Book Value Per Share 54.33 51.7457 26.4191 Slightly volatile Receivables Turnover 6.66 9.1294 8.8249 Very volatile Graham Number 149 142 75.7787 Slightly volatile Shareholders Equity Per Share 64.09 61.0385 35.5054 Slightly volatile Debt To Equity 0.0493 0.0519 0.1713 Slightly volatile Capex Per Share 0.65 0.9712 0.5977 Slightly volatile Revenue Per Share 209 199 131 Slightly volatile Interest Debt Per Share 3.06 3.3008 4.6858 Pretty Stable Debt To Assets 0.0295 0.031 0.0906 Slightly volatile Enterprise Value Over EBITDA 20.63 19.6493 14.172 Slightly volatile Short Term Coverage Ratios 5.32 5.6047 3.3 K Slightly volatile Price Earnings Ratio 15.27 29.1845 23.8428 Very volatile Operating Cycle 153 133 132 Pretty Stable Price Book Value Ratio 7.37 7.0197 4.6145 Slightly volatile Days Of Payables Outstanding 29.23 25.4798 24.5297 Slightly volatile Dividend Payout Ratio 0.42 0.7134 0.7825 Pretty Stable Price To Operating Cash Flows Ratio 15.9 27.8541 25.017 Slightly volatile Pretax Profit Margin 0.11 0.1084 0.0857 Slightly volatile Ebt Per Ebit 0.7 1.0239 1.019 Slightly volatile Operating Profit Margin 0.11 0.1059 0.0836 Slightly volatile Effective Tax Rate 0.35 0.1972 0.247 Pretty Stable Company Equity Multiplier 2.23 1.6724 1.8363 Very volatile Long Term Debt To Capitalization 0.0075 0.0079 0.1376 Slightly volatile Total Debt To Capitalization 0.0468 0.0493 0.1352 Slightly volatile Return On Capital Employed 0.13 0.2557 0.2001 Slightly volatile Debt Equity Ratio 0.0493 0.0519 0.1713 Slightly volatile Ebit Per Revenue 0.11 0.1059 0.0836 Slightly volatile Quick Ratio 2.44 1.4672 1.9413 Slightly volatile Dividend Paid And Capex Coverage Ratio 2.24 1.344 1.4096 Slightly volatile Net Income Per E B T 0.67 0.679 0.6106 Slightly volatile Cash Ratio 0.28 0.2951 0.5547 Slightly volatile Cash Conversion Cycle 128 107 110 Pretty Stable Operating Cash Flow Sales Ratio 0.081 0.0772 0.0563 Slightly volatile Days Of Inventory Outstanding 99.8 92.9318 86.2067 Slightly volatile Days Of Sales Outstanding 50.48 39.9805 41.5655 Pretty Stable Cash Flow Coverage Ratios 5.1 4.8585 3.0935 Slightly volatile Price To Book Ratio 7.37 7.0197 4.6145 Slightly volatile Fixed Asset Turnover 13.7 14.4239 41.3291 Slightly volatile Capital Expenditure Coverage Ratio 8.26 15.8395 12.4876 Slightly volatile Price Cash Flow Ratio 15.9 27.8541 25.017 Slightly volatile Enterprise Value Multiple 20.63 19.6493 14.172 Slightly volatile Debt Ratio 0.0295 0.031 0.0906 Slightly volatile Cash Flow To Debt Ratio 5.1 4.8585 3.0935 Slightly volatile Price Sales Ratio 2.26 2.149 1.3004 Slightly volatile Return On Assets 0.15 0.1438 0.104 Slightly volatile Asset Turnover 1.58 1.9532 1.9856 Very volatile Net Profit Margin 0.0773 0.0736 0.0538 Slightly volatile Gross Profit Margin 0.28 0.2735 0.2617 Pretty Stable Price Fair Value 7.37 7.0197 4.6145 Slightly volatile Return On Equity 0.25 0.2405 0.1853 Slightly volatile
Watsco Valuation Data		Trends
Current Value Last Year Historical Average  10 Year Trend Market Cap 16.4 B 15.7 B 6.8 B Slightly volatile Enterprise Value 16.6 B 15.8 B 6.9 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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