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Watsco WSO Distributions to noncontrolling interests

Distributions to noncontrolling interests at other companies

Trane Technologies logo
Trane TechnologiesTT
$3.7M-51.3%
Carrier Global logo
Carrier GlobalCARR
$1M
Modine Manufacturing logo
Modine ManufacturingMOD
$1.1M
Mueller Industries logo
Mueller IndustriesMLI
$4.77M-61.1%
HEICO logo
HEICOHEI
$9.18M+25.3%

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

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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

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

Returns & leverage

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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:PaymentsOfDividendsMinorityInterest.

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 distributions to noncontrolling interests?
Watsco (WSO) reported distributions to noncontrolling interests of $0 in Q1 2026.
How has Watsco's distributions to noncontrolling interests changed year-over-year?
Watsco's distributions to noncontrolling interests decreased by 100.0% year-over-year, from $69.83M to $0.
What is the long-term trend for Watsco's distributions to noncontrolling interests?
Over 3 years (2021 to 2024), Watsco's distributions to noncontrolling interests has grown at a -100.0% compound annual growth rate (CAGR), from $61.98M to $0.
What does distributions to noncontrolling interests mean?
Cash payments made to minority partners in partially-owned subsidiaries.
How do you interpret distributions to noncontrolling interests?
An increase reflects higher profitability of non-wholly owned subsidiaries, while a decrease may indicate lower subsidiary performance or changes in ownership structure.
How does distributions to noncontrolling interests compare across companies?
Relevant for companies with complex corporate structures or joint venture operations; varies significantly based on the number of consolidated subsidiaries.