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Watsco WSO US — Revenue

Other geography segments

CA
$76.41M

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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:Revenues.

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 itemQuarters Ended March 31, 2026Quarters Ended March 31, 2025
Primary Geographical Regions:
United States$1,395,485$1,377,633
Canada67,38876,413
Latin America and the Caribbean70,13777,040
$1,533,010$1,531,086
Major Product Lines:
HVAC equipment65%67%
Other HVAC products30%29%

ITEM 1. CONDENSED CONSOLIDATED UNAUDITED FINANCIAL STATEMENTS

FAQ

What is Watsco's US — revenue?
Watsco (WSO) reported US — revenue of $1.4B in Q1 2026.
How has Watsco's US — revenue changed year-over-year?
Watsco's US — revenue increased by 1.3% year-over-year, from $1.38B to $1.4B.
What is the long-term trend for Watsco's US — revenue?
Over 4 years (2021 to 2025), Watsco's US — revenue has grown at a 3.9% compound annual growth rate (CAGR), from $5.64B to $6.56B.
What does US — revenue mean?
This metric represents the total gross sales generated from products and services within the United States geographic segment. It reflects the company's market penetration and demand for HVACR equipment and supplies in its primary operating region. As a key revenue driver, it captures the impact of regional economic conditions, housing market trends, and seasonal demand cycles on the company's top-line performance.

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