Pulling SEC filings + quote and writing the call…
Pulling SEC filings + quote and writing the call…

WATSCO INC
Next earnings Jul 28, 2026 · consensus $4.45 EPS, $2.16B rev
Last earnings -4.0% on 2026-04-28
Watsco is a best-in-class HVAC distributor, but FY2025 earnings fell ~8% and a 32.7x P/E leaves little margin for a soft cycle.
Sources: SEC EDGAR (CIK 0000105016, latest 10-Q filed 2026-05-08) · EODHD · analysis by claude-code · as of 6/21/2026, 8:42:17 PM.
Research and education only — not financial advice. Calls are generated from SEC filings and a delayed/third-party price feed, may be wrong or out of date, and are not a recommendation to buy or sell any security. Do your own research.
Middling fundamentals and a rich price (~73% above fair value) leave little margin of safety — a wait-and-see.
Watsco is the dominant scaled distributor of HVAC equipment and parts, with high returns on capital and a long history of disciplined, acquisition-led growth. ROE of 17.9% on a conservatively capitalized balance sheet (long-term debt of just $246M against $2.78B equity) and a 28.0% gross margin reflect genuine competitive advantages in distribution density and exclusive territory rights with Carrier, Rheem and Mitsubishi. The 11.9% increase in dividends paid to $474M underscores management's confidence and shareholder-return orientation.
The risks, catalysts, 12-month price target and the cited SEC figures behind this rating — with Pro.
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| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $6.28B | $7.27B | $7.28B | $7.62B | $7.24B |
| Gross profit | $1.67B | $2.03B | $1.99B | $2.04B | $2.03B |
| Operating income | $629M | $832M | $795M | $782M | $720M |
| Net income | $419M | $601M | $536M | $536M | $497M |
| Diluted EPS | $10.78 | $15.41 | $13.67 | $13.30 | $12.25 |
| Net margin | 6.7% | 8.3% | 7.4% | 7.0% | 6.9% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosed under the STOCK Act
Self-reported periodic transaction reports (STOCK Act). Amounts are disclosed ranges; a trade may be a spouse's. Disclosures lag the trade by up to ~45 days. Source: House Clerk + Senate eFD.
1482 tracked peers · median
Source: EODHD. Yield = trailing-12-month dividends ÷ price.
| 2026-03-11 | MENENDEZ ANA M CFO / Treasurer | Acquired (J) | 25.00 @ $336.95 | $8.42K |
| 2026-03-11 | LOGAN BARRY S Executive Vice President | Acquired (J) | 19.00 @ $336.95 | $6.40K |
| 2026-03-11 | Nahmad Aaron J President | Acquired (J) | 25.00 @ $336.95 | $8.42K |
| 2026-03-11 | NAHMAD ALBERT H Chairman and CEO | Acquired (J) | 25.00 @ $336.95 | $8.42K |
| 2025-12-12 | Lopez-Blazquez Ana Director | Exercise | 1.00K @ $250.84 | $251K |
| 2025-12-12 | Lopez-Blazquez Ana Director | Tax | 707.00 @ $354.61 | $251K |
| 2025-12-05 | Dickins Denise Director | Gift | 269.00 |
Recent news tone vs the market's typical (which skews positive). A soft signal, not a recommendation.
Dates from 8-K (Item 2.02); beat/miss = reported EPS vs consensus (Finnhub, recent quarters); move = prior close → close on/after.