US · USD

WSO

Watsco Inc

$292.15-1.79% (-$5.32)Updated 10/5/26, 5:14 PM

Day's range: $285.62 – $295.00
Day's volume: $218.7M
52-week range: $292.15 – $452.97

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WSO in numbers

Dividend yield (12m): 4.31%

The 12-month dividend yield of WSO is 4.31%, above its 5-year average of 2.77%.

WSO price history

10/06/202510/05/2026

Compare with

WSO risk and return

Monthly closes adjusted for splits and distributions.

Metric	12 months	36 months	60 months
Return	-13.57%	-17.70%	+14.27%
Volatility (annualized)	46.94%	33.56%	32.00%
Largest drawdown	-32.70%	-44.29%	-44.29%
Positive months	5/12	18/36	29/60

How much did investing in WSO return?

Amount invested

$1,000.00 invested on 11/01/2021 would be worth $1,142.72 today.

Value today in WSO: $1,142.72

Return over the period: +14.27%

Return per year: +2.75%

In the S&P 500: $1,702.20

With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.

WSO fundamentals

Debt

Net debt
—
Net debt/EBITDA
—
Net debt/Equity
—
Debt/Equity
—
Current ratio
3.20
Quick ratio
1.45
Cash ratio
0.43

Efficiency

Gross margin
27.51%
EBITDA margin
10.01%
Operating margin
9.40%
Net margin
7.78%
Asset turnover
1.43

Profitability

ROE
18.91%
ROA
11.14%
ROIC
18.20%
Payout
—

Growth

Revenue CAGR (5 years)
5.11%
Earnings CAGR (5 years)
10.00%
Revenue growth (year)
—
Earnings growth (year)
—
Revenue growth (quarter)
—
Earnings growth (quarter)
—

What is WSO's fair price?

Two classic value formulas, with today's numbers. The current price is $292.15.

Graham's fair price: —; WSO's earnings per share and book value per share are not available, so the formula cannot be computed.

Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.

Bazin's ceiling price: $160.75; 44.98% below the price

$9.65 (5-year average) ÷ 6%

Décio Bazin only bought stocks yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years over 6%.

Graham ignores growth and debt; Bazin assumes past distributions repeat. They are references to compare, not a buy recommendation.

WSO's indicators by year

Multiples at each year's closing price; margins and returns from that year's statements.

Indicator	2025	2024	2023	2022	2021	2020	2019	2018
Dividend yield	3.47%	2.23%	2.29%	3.43%	2.44%	3.06%	3.55%	4.02%
ROE	21.13%	23.93%	28.44%	37.25%	29.95%	18.13%	17.13%	18.02%
ROIC	20.63%	23.30%	28.62%	37.34%	30.00%	21.81%	20.83%	22.16%
Gross margin	28.05%	26.84%	27.35%	27.91%	26.55%	24.19%	24.25%	24.64%
EBITDA margin	10.55%	10.80%	11.39%	11.87%	10.46%	8.45%	8.20%	8.67%
Net margin	8.12%	8.34%	8.71%	9.67%	7.94%	5.33%	5.16%	5.34%

WSO's financial statements

Line	2025	2024	2023	2022	2021	2020
Net revenue	$7.2B	$7.6B	$7.3B	$7.3B	$6.3B	$5.1B
Cost of revenue	-$5.2B	-$5.6B	-$5.3B	-$5.2B	-$4.6B	-$3.8B
Gross profit	$2B	$2B	$2B	$2B	$1.7B	$1.2B
EBITDA	$764.1M	$822.6M	$829.9M	$863.3M	$656.7M	$426.9M
EBIT	$720.3M	$781.8M	$794.8M	$831.6M	$628.5M	$401M
Financial result	—	—	—	—	—	—
Income before tax	$737.7M	$802.6M	$789.9M	$829.4M	$627.5M	$399.8M
Income tax	-$150.1M	-$166.9M	-$155.8M	-$125.7M	-$128.8M	-$76.6M
Net income	$587.6M	$635.7M	$634.1M	$703.7M	$498.7M	$269.6M

Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.

Does WSO pay dividends?

Announced payments
Type	Last day to own	Payment	Per share
Dividend	10/15/2026	10/30/2026	$3.30

Dividend yield per year

2.71%2017
4.02%2018
3.55%2019
3.06%2020
2.44%2021
3.43%2022
2.29%2023
2.23%2024
3.47%2025
3.29%2026

Payment history
Type	Last day to own	Payment	Per share
Dividend	07/15/2026	07/31/2026	$3.30
Dividend	04/15/2026	04/30/2026	$3.30
Dividend	01/15/2026	01/30/2026	$3.00
Dividend	10/15/2025	10/31/2025	$3.00
Dividend	07/15/2025	07/31/2025	$3.00
Dividend	04/14/2025	04/30/2025	$3.00
Dividend	01/16/2025	01/31/2025	$2.70
Dividend	10/15/2024	10/31/2024	$2.70
Dividend	07/15/2024	07/31/2024	$2.70
Dividend	04/11/2024	04/30/2024	$2.70
Dividend	01/15/2024	01/31/2024	$2.45
Dividend	10/13/2023	10/31/2023	$2.45

See all 40 distributions

Earlier distributions
Type	Last day to own	Payment	Per share
Dividend	07/13/2023	07/31/2023	$2.45
Dividend	04/13/2023	04/28/2023	$2.45
Dividend	01/12/2023	01/31/2023	$2.45
Dividend	10/13/2022	10/31/2022	$2.20
Dividend	07/13/2022	07/29/2022	$2.20
Dividend	04/12/2022	04/29/2022	$2.20
Dividend	01/12/2022	01/31/2022	$1.95
Dividend	10/13/2021	10/29/2021	$1.95
Dividend	07/13/2021	07/30/2021	$1.95
Dividend	04/13/2021	04/30/2021	$1.95
Dividend	01/13/2021	01/29/2021	$1.78
Dividend	10/13/2020	10/30/2020	$1.78
Dividend	07/14/2020	07/31/2020	$1.78
Dividend	04/13/2020	04/30/2020	$1.78
Dividend	01/14/2020	01/31/2020	$1.60
Dividend	10/10/2019	10/31/2019	$1.60
Dividend	07/12/2019	07/31/2019	$1.60
Dividend	04/11/2019	04/30/2019	$1.60
Dividend	01/14/2019	01/31/2019	$1.60
Dividend	10/11/2018	10/31/2018	$1.45
Dividend	07/13/2018	07/31/2018	$1.45
Dividend	04/12/2018	04/30/2018	$1.45
Dividend	01/11/2018	01/31/2018	$1.25
Dividend	10/12/2017	10/31/2017	$1.25
Dividend	07/12/2017	07/31/2017	$1.25
Dividend	04/10/2017	04/28/2017	$1.05
Dividend	01/11/2017	01/31/2017	$1.05
Dividend	10/12/2016	10/31/2016	$1.05

About Watsco

Sector: Wholesale trade

Questions about WSO

How much is WSO today?

WSO is at $292.15 (-1.79% on the day), last traded on 10/05/2026.

How much did WSO pay in dividends in 2025?

WSO paid $11.70 per share in 2025, a dividend yield of 3.47%.

When is the next WSO dividend?

The next announced payment is $3.30 per share on 10/30/2026.

How much did WSO return in 12 months?

WSO returned -13.57% in 12 months, with annualized volatility of 46.94% and a largest drawdown of -32.70%.