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Watsco WSO Operating Lease Liabilities

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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$535.3M+14.3%
Total equity$3.0B+8.5%
Total assets$5.1B+7.5%

Cash flow

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Operating cash flow-$2.5M+66.0%
CapEx$9.0M+31.5%
Free cash flow-$11.5M+19.3%

Valuation

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Market cap$13.22B-21.9%
Enterprise value$13.39B-21.7%
P/E27.8×-4.1×
P/S1.8×-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 equity16.5%-3.3pp
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:OperatingLeaseLiabilityNoncurrent.

The source filing: Watsco’s 10-Q, filed August 7, 2026.

Filed
Aug 7, 2026, 4:00 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001193125-26-340204
Line itemJune 30, 2026December 31, 2025
Accrued expenses and other current liabilities299,752250,164
Total current liabilities1,079,774717,742
Long-term obligations:
Operating lease liabilities, net of current portion406,478350,616
Finance lease liabilities, net of current portion9,06811,019
Total long-term obligations415,546361,635
Deferred income taxes and other liabilities116,187113,367
Commitments and contingencies

ITEM 1. CONDENSED CONSOLIDATED UNAUDITED FINANCIAL STATEMENTS

FAQ

What is Watsco's operating lease liabilities?
Watsco (WSO) reported operating lease liabilities of $406.48M in Q2 2026.
What does operating lease liabilities mean?
Long-term portion of operating lease obligations extending beyond one year, representing committed future rent payments.

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