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Watsco WSO Noncontrolling interests in subsidiaries

Noncontrolling interests in subsidiaries at other companies

Trane Technologies logo
Trane TechnologiesTT
$21.6M-18.5%
Worthington Enterprises logo
Worthington EnterprisesWOR
$81K-93.8%
Modine Manufacturing logo
Modine ManufacturingMOD
$8.3M+15.3%
Mueller Industries logo
Mueller IndustriesMLI
$26.27M+9.2%
SMP
Standard Motor ProductsSMP
$14.25M-1.5%
Ampco-Pittsburgh logo
Ampco-PittsburghAP
$17.18M+24.4%

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$13.6B-19.3%
Enterprise value$13.77B-19.1%
P/E28.6×-3.1×
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 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:MinorityInterest.

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
Paid-in capital1,796,4111,563,389
Accumulated other comprehensive loss, net of tax(57,109)(50,305)
Retained earnings1,305,6911,319,201
Treasury stock, at cost(73,229)(73,230)
Total Watsco, Inc. shareholders’ equity2,994,4132,781,376
Non-controlling interest478,797440,685
Total shareholders’ equity3,473,2103,222,061
$5,084,717$4,414,805

ITEM 1. CONDENSED CONSOLIDATED UNAUDITED FINANCIAL STATEMENTS

FAQ

What is Watsco's noncontrolling interests in subsidiaries?
Watsco (WSO) reported noncontrolling interests in subsidiaries of $478.8M in Q2 2026.
How has Watsco's noncontrolling interests in subsidiaries changed year-over-year?
Watsco's noncontrolling interests in subsidiaries increased by 3.8% year-over-year, from $461.38M to $478.8M.
What is the long-term trend for Watsco's noncontrolling interests in subsidiaries?
Over 5 years (2020 to 2025), Watsco's noncontrolling interests in subsidiaries has grown at a 8.5% compound annual growth rate (CAGR), from $293.08M to $440.69M.
What does noncontrolling interests in subsidiaries mean?
This represents the portion of a subsidiary's net assets that is owned by outside shareholders rather than the parent company. It is reported within equity to show the total value of the subsidiary's assets and liabilities that are not attributable to the parent. It reflects the non-controlling stake in consolidated entities.

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