What is Watsco's short-term investments?

Watsco (WSO) reported short-term investments of $200M in Q1 2026.

What does short-term investments mean?

Marketable securities and investments that the company intends to convert to cash within one year.

How do you interpret short-term investments?

An increase indicates the company is parking excess cash in interest-bearing instruments, while a decrease suggests cash is being deployed for operations or acquisitions.

How does short-term investments compare across companies?

Common in mature companies with strong cash flow generation and conservative treasury management.

Watsco WSO Short-Term Investments

Short-Term Investments at other companies

Lennox InternationalLII

$2M-64.9%

Mueller IndustriesMLI

$20.7M-52.4%

CumminsCMI

$568M-9.3%

Other financials

Income statement

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Revenue$1.5B+0.1%

Gross profit$427.6M-0.5%

Operating income$110.2M-1.8%

Net income$79.1M-1.2%

EPS (diluted)$1.87-3.1%

Balance sheet

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Cash & equivalents$392.7M-9.1%

Total debt$496.3M+4.8%

Total equity$2.8B+3.6%

Total assets$4.6B+4.4%

Cash flow

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Operating cash flow-$18.9M+89.4%

CapEx$7.0M-7.7%

Free cash flow-$25.9M+86.0%

Valuation

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Market cap$16.52B-28.1%

Enterprise value$16.62B-27.7%

P/E33.3×-10.1×

P/S2.3×-0.7×

Profitability

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Gross margin28%+1.1pp

Operating margin9.9%-0.2pp

Net margin6.8%-0.1pp

Returns & leverage

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Return on equity18.3%-2.1pp

Debt / equity0.2×0.0×

Current ratio3.3×+0.1×

Where this comes from

Reported directly by Watsco in its filing.

Tagged under the XBRL concept us-gaap:ShortTermInvestments.

The official record: Watsco’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Watsco's short-term investments?: Watsco (WSO) reported short-term investments of $200M in Q1 2026.
What does short-term investments mean?: Marketable securities and investments that the company intends to convert to cash within one year.
How do you interpret short-term investments?: An increase indicates the company is parking excess cash in interest-bearing instruments, while a decrease suggests cash is being deployed for operations or acquisitions.
How does short-term investments compare across companies?: Common in mature companies with strong cash flow generation and conservative treasury management.