WSO
Income statement / Annual
Last year (2023), Watsco, Inc.'s total revenue was $7.28 B,
an increase of 0.13% from the previous year.
In 2023, Watsco, Inc.'s net income was $536.34 M.
See Watsco, Inc.’s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
FY-2014
|
| Period Ended |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
12/31/2017 |
12/31/2016 |
12/31/2015 |
12/31/2014 |
| Operating Revenue |
$7.28 B
|
$7.27 B
|
$6.28 B
|
$5.05 B
|
$4.77 B
|
$4.55 B
|
$4.34 B
|
$4.22 B
|
$4.11 B
|
$3.94 B
|
| Cost of Revenue |
$5.29 B |
$5.24 B |
$4.61 B |
$3.83 B |
$3.61 B |
$3.43 B |
$3.28 B |
$3.19 B |
$3.11 B |
$2.99 B |
| Gross Profit |
$1.99 B |
$2.03 B |
$1.67 B |
$1.22 B |
$1.16 B |
$1.12 B |
$1.07 B |
$1.03 B |
$1.01 B |
$956.40 M |
| Gross Profit Ratio |
0.27 |
0.28 |
0.27 |
0.24 |
0.24 |
0.25 |
0.25 |
0.25 |
0.24 |
0.24 |
| Research and Development
Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| General & Administrative
Expenses |
$1.10 B
|
$1.13 B
|
$987.86 M
|
$778.03 M
|
$745.55 M
|
$757.45 M
|
$715.67 M
|
$688.95 M
|
$670.61 M
|
$650.66 M
|
| Selling & Marketing
Expenses |
$82.60 M
|
$86.62 M
|
$70.45 M
|
$55.02 M
|
$54.78 M
|
$51.74 M
|
$47.67 M
|
$42.81 M
|
$41.35 M
|
$43.32 M
|
| Selling, General &
Administrative Expenses |
$1.19 B
|
$1.22 B
|
$1.06 B
|
$833.05 M
|
$800.33 M
|
$757.45 M
|
$715.67 M
|
$688.95 M
|
$670.61 M
|
$650.66 M
|
| Other Expenses |
$0.00 |
$22.67 M |
$19.30 M |
$11.26 M |
$10.26 M |
$9.28 M |
$3.89 M |
$0.00 |
$0.00 |
$0.00 |
| Operating Expenses |
$1.20 B |
$1.22 B |
$1.06 B |
$833.05 M |
$800.33 M |
$757.45 M |
$715.67 M |
$688.95 M |
$670.61 M |
$650.66 M |
| Cost And Expenses |
$6.49 B |
$6.47 B |
$5.67 B |
$4.67 B |
$4.41 B |
$4.18 B |
$3.99 B |
$3.88 B |
$3.78 B |
$3.64 B |
| Interest Income |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
| Interest Expense |
$4.92 M |
$2.17 M |
$996,000.00 |
$1.24 M |
$4.03 M |
$2.74 M |
$6.36 M |
$3.71 M |
$5.55 M |
$5.21 M |
| Depreciation &
Amortization |
$35.09 M
|
$31.68 M
|
$28.13 M
|
$25.91 M
|
$24.51 M
|
$22.10 M
|
$22.03 M
|
$20.07 M
|
$19.12 M
|
$17.93 M
|
| EBITDA |
$806.51 M
|
$863.26 M
|
$656.66 M
|
$426.94 M
|
$391.40 M
|
$394.18 M
|
$375.91 M
|
$365.70 M
|
$355.87 M
|
$323.67 M
|
| EBITDA Ratio |
0.11 |
0.11 |
0.1 |
0.08 |
0.08 |
0.08 |
0.08 |
0.08 |
0.08 |
0.08 |
| Operating Income Ratio
|
0.11
|
0.11
|
0.1
|
0.08
|
0.08
|
0.08
|
0.08
|
0.08
|
0.08
|
0.08
|
| Total Other
Income/Expenses Net |
$18.47 M
|
-$2.17 M
|
-$996,000.00
|
-$1.24 M
|
-$4.03 M
|
-$2.74 M
|
-$6.36 M
|
-$3.71 M
|
-$5.55 M
|
-$5.21 M
|
| Income Before Tax |
$789.89 M |
$829.41 M |
$627.53 M |
$399.80 M |
$362.85 M |
$369.34 M |
$347.51 M |
$341.92 M |
$331.20 M |
$300.54 M |
| Income Before Tax Ratio
|
0.11
|
0.11
|
0.1
|
0.08
|
0.08
|
0.08
|
0.08
|
0.08
|
0.08
|
0.08
|
| Income Tax Expense |
$155.75 M |
$125.72 M |
$128.80 M |
$76.62 M |
$67.08 M |
$72.81 M |
$90.22 M |
$105.94 M |
$104.68 M |
$91.84 M |
| Net Income |
$536.34 M |
$601.17 M |
$418.95 M |
$269.58 M |
$245.95 M |
$242.93 M |
$208.22 M |
$182.81 M |
$172.93 M |
$151.39 M |
| Net Income Ratio |
0.07 |
0.08 |
0.07 |
0.05 |
0.05 |
0.05 |
0.05 |
0.04 |
0.04 |
0.04 |
| EPS |
13.67 |
15.46 |
10.83 |
7.03 |
6.51 |
6.48 |
5.12 |
4.73 |
4.51 |
4 |
| EPS Diluted |
13.67 |
15.41 |
10.78 |
7.01 |
6.5 |
6.48 |
5.12 |
4.73 |
4.51 |
4 |
| Weighted Average Shares
Out |
$36.53 M
|
$35.56 M
|
$35.24 M
|
$35.07 M
|
$34.64 M
|
$37.46 M
|
$37.23 M
|
$35.53 M
|
$35.31 M
|
$35.01 M
|
| Weighted Average Shares
Out Diluted |
$36.53 M
|
$35.68 M
|
$35.42 M
|
$35.15 M
|
$34.68 M
|
$37.46 M
|
$37.23 M
|
$35.53 M
|
$35.31 M
|
$35.01 M
|
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