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Watsco WSO Net debt

Discontinued — last reported Q1 '26

Net debt at other companies

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19.2×+12.3×
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0.1×-0.3×
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0.6×-1.3×
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0.3×+0.3×

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

Calculated from Watsco’s reported figures.

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

Filed
May 8, 2026, 4:00 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001193125-26-214570

FAQ

What is Watsco's net debt?
Watsco (WSO) reported net debt of $103.57M in Q1 2026.
How has Watsco's net debt changed year-over-year?
Watsco's net debt increased by 148.3% year-over-year, from $41.72M to $103.57M.
What is the long-term trend for Watsco's net debt?
Over 5 years (2020 to 2025), Watsco's net debt has grown at a 47.0% compound annual growth rate (CAGR), from $76.46M to $524.29M.
What does net debt mean?
Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

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