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Watsco WSO Q1 2026 earnings

Reported April 28, 2026 · Before market open

Revenue$1.5BBeat by $45.8M
EPS$1.87Beat by $0.14
Revenue estimate$1.5B
EPS estimate$1.73

Next report

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

Financials

Q1 2026

Income statement

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Revenue$1.5B+0.1%
Gross profit$427.6M-0.5%
Operating income$110.2M-1.8%
Net income$79.1M-1.2%
EPS (diluted)$1.87-3.1%

Balance sheet

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Cash & equivalents$392.7M-9.1%
Total debt$496.3M+4.8%
Total equity$2.8B+3.6%
Total assets$4.6B+4.4%

Cash flow

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Operating cash flow-$18.9M+89.4%
CapEx$7.0M-7.7%
Free cash flow-$25.9M+86.0%

Valuation & ratios

Valuation

as of 03/31/26
See full
Market cap$14.77B-28.1%
Enterprise value$14.87B-27.7%
P/E29.8×-9.0×
P/S2×-0.7×

Profitability

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Gross margin28%+1.1pp
Operating margin9.9%-0.2pp
Net margin6.8%-0.1pp
FCF margin9.6%+3.5pp

Returns & leverage

See full
Return on equity18.3%-2.1pp
Debt / equity0.2×0.0×
Current ratio3.3×+0.1×

FAQ

When did Watsco report Q1 2026 earnings?
Watsco (WSO) reported Q1 2026 earnings on April 28, 2026 before market open.
What were Watsco's Q1 2026 revenue and EPS?
Watsco reported revenue of $1.5B and eps of $1.87 for Q1 2026.
Did Watsco beat estimates in Q1 2026?
Revenue beat the consensus estimate of $1.5B by $45.8M. EPS beat the consensus estimate of $1.73 by $0.14.
How did Watsco's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 0.1% from $1.5B a year earlier and eps declined 3.1% from $1.93.
Where can I find Watsco's Q1 2026 SEC filings?
You can read the 8-K earnings release (0001193125-26-183549) and the 10-Q periodic report (0001193125-26-214570) directly on SEC EDGAR. The filing index links above go to sec.gov.