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Watsco, Inc.

corporate_fare Company Profile

Watsco, Inc.

WSO·NYSE·Trade & Services·CIK 0000105016

Watsco, Inc. is the largest distributor of air conditioning, heating, and refrigeration equipment and related parts and supplies (HVAC/R) in North America. Incorporated in Florida in 1956, the company operates from 695 locations across 43 U.S. States, Canada, Mexico, and Puerto Rico as of December 31, 2025. Watsco also provides market coverage on an export basis to parts of Latin America and the Caribbean. The company serves over 130,000 active contractors in both the replacement and new construction markets. Watsco's revenues in HVAC/R distribution grew from $64.1 million in 1989 to $7.2 billion in 2025. This growth has been driven by strategically acquiring companies with established market positions and subsequently increasing revenues and profit through additional locations, new product introductions, expansion with industry Original Equipment Manufacturers (OEMs) and vendors, technology innovation, and other initiatives. The HVAC/R distribution industry is highly fragmented, with over 2,100 distribution companies and an estimated annual market size of $74.0 billion, according to the November 2024 IBIS World Industry Report. The estimated annual market for residential HVAC/R products, including contractor value, is approximately $156.0 billion, as per the April 2025 IBIS World Industry Report.

Watsco, Inc. (NYSE:WSO) is a publicly traded company in the Trade & Services sector. Wiseek has independently scored 13 items for WSO at importance 7 or higher on its 1–10 market-impact scale. Its most recent item scored 7 or higher is dated 2026-09-17, rated 8/10. Across its 13 most recent items scored 7 or higher, the top rating is 8/10, with 6 rated 8 or above. Recent SEC coverage for WSO spans 8-K, 10-Q, 424B7, 10-K.

Recent high-impact activity:

  • Watsco to Acquire The Granite Group for $505M — 80% Cash, 20% Stock
  • Watsco to Acquire Granite Group, Adding $500M in Northeast HVAC Distribution
  • Watsco Q2 Earnings Miss as Margins Slip; Jackson Supply Acquired for $186M
  • Watsco Plunges 15% After Q2 EPS Misses by 52 Cents, Revenue Falls Short
  • Watsco Q2 Profit Drops 11% as Margin Pressure Offsets Revenue Growth

Financial Snapshot

Fiscal year ended December 31, 2025
Revenue
$7.24B
Net Income
$496.99M
Diluted EPS
$12.25
Op. Cash Flow
$569.61M
Free Cash Flow
$535.06M
Gross Profit
$2.03B
Operating Income
$720.35M
Cash & Equivalents
$433.28M
Debt / Equity
0.00×
Net Margin
6.9%
Shares Outstanding
37.84M sh
Source: 10-K · filed 2026-02-27 · accession 0001193125-26-082486

Short Interest & Short Volume

9.57 days to cover

FINRA reported short interest of 4,002,277 shares in WSO as of the September 15, 2026 settlement, a 1.5% increase from the prior period — about 9.6 days to cover at its recent average daily volume. On October 2, 2026, 70.3% of WSO volume reported to FINRA trade-reporting facilities was marked short.

Short interest (bi-monthly positions)4,002,277 shares as of September 15, 2026
Change vs prior period▲ 1.5%
Days to cover9.57 at avg daily volume of 418,111
Daily short volume (FINRA facilities)70.3% of 201,162 shares on October 2, 2026
5-day average short volume67.4%

Daily short sale volume covers trades reported to FINRA trade-reporting facilities and is not the same as short interest (bi-monthly reported positions). Source: FINRA — FINRA is the owner and source of this short interest and short sale volume data; it may not be redistributed.

Dilution Risk

Low risk

Filing-implied dilution signals for WSO, detected from its recent SEC filings · based on capital-structure filings through 2026-06-04.

1 recent capital raise

Resale Registration · Value of Shares

⚠ A more recent filing has been published for this ticker since this signal was computed; it may not yet be reflected — see the filings below.

A filing-implied signal, not a realized share count. How Wiseek tracks dilution →

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$297.47
52-week range · as of 2026-09-17 $295.75 – $459
Market cap
$12.28B
Volume
420.5K (0.8× avg)
3-mo avg 499.1K
Live data · 2026-10-03 03:22 UTC · Market overnight

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feed WSO - Latest Insights

WSO
Sep 17, 2026, 4:30 PM EDT
Filing Type: 8-K
Importance Score:
8
Price at Filing: $305.36
Real-time Price: $297.47 info
Change: -$7.89 (-3%) info
Market Cap: $12.281B info
WSO
Sep 14, 2026, 8:30 AM EDT
Source: Dow Jones Newswires
Importance Score:
8
Price at Filing: $312.00
Real-time Price: $297.47 info
Change: -$14.53 (-5%) info
Market Cap: $12.281B info
WSO
Aug 07, 2026, 4:00 PM EDT
Filing Type: 10-Q
Importance Score:
7
Price at Filing: $330.10
Real-time Price: $297.47 info
Change: -$32.63 (-10%) info
Market Cap: $12.281B info
WSO
Jul 29, 2026, 12:15 PM EDT
Source: Dow Jones Newswires
Importance Score:
8
Price at Filing: $309.18
Real-time Price: $297.47 info
Change: -$11.71 (-4%) info
Market Cap: $12.281B info
WSO
Jul 29, 2026, 7:51 AM EDT
Source: dpa-AFX
Importance Score:
7
Price at Filing: $354.58
Real-time Price: $297.47 info
Change: -$57.11 (-16%) info
Market Cap: $12.281B info
WSO
Jul 29, 2026, 7:30 AM EDT
Filing Type: 8-K
Importance Score:
7
Price at Filing: $354.58
Real-time Price: $297.47 info
Change: -$57.11 (-16%) info
Market Cap: $12.281B info
WSO
Jun 04, 2026, 4:20 PM EDT
Filing Type: 424B7
Importance Score:
7
Price at Filing: $369.06
Real-time Price: $297.47 info
Change: -$71.59 (-19%) info
Market Cap: $12.281B info
WSO
Jun 02, 2026, 7:30 AM EDT
Source: Dow Jones Newswires
Importance Score:
7
Price at Filing: $355.50
Real-time Price: $297.47 info
Change: -$58.03 (-16%) info
Market Cap: $12.281B info
WSO
Apr 29, 2026, 4:00 PM EDT
Filing Type: 8-K
Importance Score:
8
Price at Filing: $428.51
Real-time Price: $297.47 info
Change: -$131.04 (-31%) info
Market Cap: $12.281B info
WSO
Apr 28, 2026, 7:30 AM EDT
Filing Type: 8-K
Importance Score:
8
Price at Filing: $459.65
Real-time Price: $297.47 info
Change: -$162.18 (-35%) info
Market Cap: $12.281B info
WSO
Apr 28, 2026, 7:30 AM EDT
Source: Dow Jones Newswires
Importance Score:
7
Price at Filing: $459.65
Real-time Price: $297.47 info
Change: -$162.18 (-35%) info
Market Cap: $12.281B info
WSO
Feb 27, 2026, 4:01 PM EST
Filing Type: 10-K
Importance Score:
7
Price at Filing: $417.33
Real-time Price: $297.47 info
Change: -$119.86 (-29%) info
Market Cap: $12.281B info
WSO
Feb 17, 2026, 7:30 AM EST
Filing Type: 8-K
Importance Score:
8
Price at Filing: $411.01
Real-time Price: $297.47 info
Change: -$113.54 (-28%) info
Market Cap: $12.281B info
Research tools: Filing Impact Index Dilution Tracker Split Calendar Open Datasets