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Watsco WSO Equity Method Investments

Equity Method Investments at other companies

SPX Technologies logo
SPX TechnologiesSPXC
$58.2M
Carrier Global logo
Carrier GlobalCARR
$1.34B
CSW Industrials logo
CSW IndustrialsCSW
$7.3M+192%
Worthington Enterprises logo
Worthington EnterprisesWOR
$118.68M-10.0%
Mueller Industries logo
Mueller IndustriesMLI
$109.73M+30.5%
SMP
Standard Motor ProductsSMP
$26.69M+2.6%

Other financials

Income statement

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Revenue$2.1B+2.1%
Gross profit$578.9M-4.1%
Operating income$238.4M-12.3%
Net income$163.3M-11.0%
EPS (diluted)$4.00-11.5%

Balance sheet

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Cash & equivalents$364.2M+24.3%
Total debt$496.3M+4.8%
Total equity$3.5B+25.8%
Total assets$5.1B+7.5%

Cash flow

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Operating cash flow-$2.5M+66.0%
CapEx$8.9M+30.7%
Free cash flow-$11.5M+19.7%

Valuation

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Market cap$13.72B-19.0%
P/E28.8×-3.0×
P/S1.9×-0.4×

Profitability

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Gross margin27.5%0.0pp
Operating margin9.4%-0.9pp
Net margin6.5%-0.5pp
FCF margin9.6%+4.3pp

Returns & leverage

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Return on equity15.3%-4.5pp
Debt / equity0.2×0.0×
Current ratio3.2×+0.1×

Where this comes from

Reported directly by Watsco in its filing.

Tagged under the XBRL concept us-gaap:EquityMethodInvestments.

The source filing: Watsco’s 10-Q, filed May 8, 2026.

Filed
May 8, 2026, 4:00 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001193125-26-214570
Line itemMarch 31, 2026December 31, 2025
Operating lease right-of-use assets460,731452,547
Goodwill461,364462,509
Intangible assets, net207,899210,427
Investment in unconsolidated entity190,714185,234
Other assets14,31213,570
$4,649,497$4,414,805
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:

ITEM 1. CONDENSED CONSOLIDATED UNAUDITED FINANCIAL STATEMENTS

FAQ

What is Watsco's equity method investments?
Watsco (WSO) reported equity method investments of $190.71M in Q1 2026.
How has Watsco's equity method investments changed year-over-year?
Watsco's equity method investments increased by 9.8% year-over-year, from $173.76M to $190.71M.
What is the long-term trend for Watsco's equity method investments?
Over 5 years (2020 to 2025), Watsco's equity method investments has grown at a 13.6% compound annual growth rate (CAGR), from $97.85M to $185.23M.
What does equity method investments mean?
Investments in unconsolidated affiliates and joint ventures where the company has significant influence (typically 20-50% ownership), carried at proportional book value.

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