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Watsco WSO Q3 2025 earnings

Reported October 29, 2025 · Before market open

Revenue$2.1BMiss by $98.1M
EPS$3.98Miss by $0.46
Revenue estimate$2.2B
EPS estimate$4.44

Next report

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

Financials

Q3 2025

Income statement

See full
Revenue$2.1B-4.3%
Gross profit$568.9M+0.5%
Operating income$234.8M-6.2%
Net income$161.6M-5.5%
EPS (diluted)$3.98-5.7%

Balance sheet

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Cash & equivalents$324.3M+10.2%
Total debt$470.1M+5.9%
Total equity$2.8B+4.4%
Total assets$4.6B+0.8%

Cash flow

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Operating cash flow$354.9M+52.5%
CapEx$8.9M-9.4%
Free cash flow$346.1M+55.2%

Valuation & ratios

Valuation

as of 09/30/25
See full
Market cap$16.39B-11.2%
Enterprise value$16.54B-11.1%
P/E31.4×-3.9×
P/S2.2×-0.3×

Profitability

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Gross margin27.9%+1.3pp
Operating margin10.2%+0.1pp
Net margin7%+0.1pp
FCF margin7%-1.9pp

Returns & leverage

See full
Return on equity18.9%-2.3pp
Debt / equity0.2×0.0×
Current ratio3.8×+0.5×

FAQ

When did Watsco report Q3 2025 earnings?
Watsco (WSO) reported Q3 2025 earnings on October 29, 2025 before market open.
What were Watsco's Q3 2025 revenue and EPS?
Watsco reported revenue of $2.1B and eps of $3.98 for Q3 2025.
Did Watsco beat estimates in Q3 2025?
Revenue missed the consensus estimate of $2.2B by $98.1M. EPS missed the consensus estimate of $4.44 by $0.46.
How did Watsco's Q3 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 4.3% from $2.2B a year earlier and eps declined 5.7% from $4.22.
Where can I find Watsco's Q3 2025 SEC filings?
You can read the 8-K earnings release (0001193125-25-254667) and the 10-Q periodic report (0001193125-25-272272) directly on SEC EDGAR. The filing index links above go to sec.gov.