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Watsco WSO Q1 2025 earnings

Reported April 23, 2025 · Before market open

Revenue$1.5BMiss by $704.2M
EPS$1.93Miss by $0.36
Revenue estimate$2.2B
EPS estimate$2.29

Next report

Oct 28, 2026 (in 2 months)
Revenue estimate$2.2B
EPS estimate$4.15

Financials

Q1 2025

Income statement

See full
Revenue$1.5B-2.2%
Gross profit$429.6M-0.2%
Operating income$112.2M-11.3%
Net income$80.1M-8.0%
EPS (diluted)$1.93-11.1%

Balance sheet

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Cash & equivalents$431.8M+54.9%
Total debt$473.5M+11.5%
Total equity$2.7B+5.5%
Total assets$4.5B+2.2%

Cash flow

See full
Operating cash flow-$177.6M-271%
CapEx$7.5M+29.0%
Free cash flow-$185.2M-289%

Valuation & ratios

Valuation

as of 03/31/25
See full
Market cap$20.54B+28.9%
Enterprise value$20.58B+28.0%
P/E38.8×+7.8×
P/S2.7×+0.5×

Profitability

See full
Gross margin26.9%-0.1pp
Operating margin10.1%-0.2pp
Net margin7%-0.1pp
FCF margin6.1%-3.2pp

Returns & leverage

See full
Return on equity20.4%-2.6pp
Debt / equity0.2×0.0×
Current ratio3.3×+0.4×

Segments

By geography

See full
US$1.4B—
CA$76.4M—

FAQ

When did Watsco report Q1 2025 earnings?
Watsco (WSO) reported Q1 2025 earnings on April 23, 2025 before market open.
What were Watsco's Q1 2025 revenue and EPS?
Watsco reported revenue of $1.5B and eps of $1.93 for Q1 2025.
Did Watsco beat estimates in Q1 2025?
Revenue missed the consensus estimate of $2.2B by $704.2M. EPS missed the consensus estimate of $2.29 by $0.36.
How did Watsco's Q1 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 2.2% from $1.6B a year earlier and eps declined 11.1% from $2.17.
Where can I find Watsco's Q1 2025 SEC filings?
You can read the 8-K earnings release (0001193125-25-090030) and the 10-Q periodic report (0001193125-25-116461) directly on SEC EDGAR. The filing index links above go to sec.gov.