What is Watsco's change in AP?

Watsco (WSO) reported change in AP of $234.71M in Q1 2026.

How has Watsco's change in AP changed year-over-year?

Watsco's change in AP increased by 2541.0% year-over-year, from $8.89M to $234.71M.

What does change in AP mean?

The net change in money owed to suppliers for goods and services.

How do you interpret change in AP?

An increase suggests improved cash management or extended payment terms, while a decrease indicates faster settlement of liabilities.

How does change in AP compare across companies?

Standard across all industries; varies based on supply chain power and payment terms.

Watsco WSO Change in AP

Change in AP at other companies

Lennox InternationalLII

$31M-63.6%

Trane TechnologiesTT

-$650K-103%

Carrier GlobalCARR

$351M-27.0%

EMCOR GroupEME

$47.34M+1,333%

Comfort Systems USAFIX

$4.88M+102%

Ingersoll RandIR

-$133.5M-89.6%

Other financials

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

See full

Operating cash flow-$18.9M+89.4%

CapEx$7.0M-7.7%

Free cash flow-$25.9M+86.0%

Valuation

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Market cap$16.52B-28.1%

Enterprise value$16.62B-27.7%

P/E33.3×-10.1×

P/S2.3×-0.7×

Profitability

See full

Gross margin28%+1.1pp

Operating margin9.9%-0.2pp

Net margin6.8%-0.1pp

Returns & leverage

See full

Return on equity18.3%-2.1pp

Debt / equity0.2×0.0×

Current ratio3.3×+0.1×

Where this comes from

Reported directly by Watsco in its filing.

Tagged under the XBRL concept us-gaap:IncreaseDecreaseInAccountsPayableAndAccruedLiabilities.

The official record: Watsco’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Watsco's change in AP?: Watsco (WSO) reported change in AP of $234.71M in Q1 2026.
How has Watsco's change in AP changed year-over-year?: Watsco's change in AP increased by 2541.0% year-over-year, from $8.89M to $234.71M.
What does change in AP mean?: The net change in money owed to suppliers for goods and services.
How do you interpret change in AP?: An increase suggests improved cash management or extended payment terms, while a decrease indicates faster settlement of liabilities.
How does change in AP compare across companies?: Standard across all industries; varies based on supply chain power and payment terms.