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Watsco WSO Long-Term Debt

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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$13.8B-19.0%
P/E29×-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:LongTermDebtAndCapitalLeaseObligations.

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
Long-term obligations:
Operating lease liabilities, net of current portion358,490350,616
Finance lease liabilities, net of current portion10,02311,019
Total long-term obligations368,513361,635
Deferred income taxes and other liabilities114,193113,367
Commitments and contingencies
Watsco, Inc. shareholders’ equity:
Common stock, $0.50 par value19,53319,504

ITEM 1. CONDENSED CONSOLIDATED UNAUDITED FINANCIAL STATEMENTS

FAQ

What is Watsco's long-term debt?
Watsco (WSO) reported long-term debt of $368.51M in Q1 2026.
How has Watsco's long-term debt changed year-over-year?
Watsco's long-term debt increased by 6.4% year-over-year, from $346.37M to $368.51M.
What is the long-term trend for Watsco's long-term debt?
Over 5 years (2020 to 2025), Watsco's long-term debt has grown at a 20.2% compound annual growth rate (CAGR), from $144.34M to $361.64M.
What does long-term debt mean?
Bonds, term loans, notes payable, and other borrowings with maturities beyond one year — the primary long-term financing source.

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