WSO
Watsco, Inc.
NYSEUSDEQUITY
Industrials
DELAYED
Sell
-54/100
Last price
287.54
▼ 4.61 (1.58%)
MARKET · —
Price
Chart style
Interval
Intraday intervals only cover recent history. The site picks the finest interval the range allows.
Overlays
Session levels
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Both series are rebased to 0% at the left edge, so the lines show relative performance rather than price.
Tool
1D
—
H —
L —
Range —
Vol —
vs
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Open
292.15
Prev close
292.15
Day high
294.99
Day low
290.03
Volume
361.36K
Market cap
$12.00B
P/E (TTM)
24.92
52W range
285.62 – 459.00
Day trading desk
Gap from prior close
+0.00%
Prior close 292.15
VWAP
291.37
-1.31% from price
Relative volume
1.82×
Unusually busy
Session range
2.59%
287.54 – 294.99
Position in range
0%
Near session low
ATR (14D)
9.08
3.16% of price
Prior day high
295.00
PDH
Prior day low
285.62
PDL
Bid / ask spread
—
Quote not published
Session volume
892.52K
Avg 491.27K
VWAP and the session figures are computed from the delayed intraday series on this page, so they lag the live tape and will not match a broker's real-time VWAP exactly. Turn on Prior day H/L/C, Opening range and Volume profile in the chart's Studies menu to see these levels drawn on price.
Trailing performance
Returnvs SPY
1W
-3.31%
-5.3%
1M
-7.71%
-8.9%
3M
-23.51%
-28.0%
6M
-23.81%
-42.0%
YTD
-13.69%
-27.9%
1Y
-29.90%
-46.3%
3Y
-23.00%
-105.3%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
5 more panels on WSO open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
0
Net selling
Buy transactions
0
0 shares
Sell transactions
0
—
Net transactions
0
Buys less sells
Sell : buy shares
—
Not enough filings
Insider-held shares
147.41K
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Dec 12, 25 | LOPEZ-BLAZQUEZ ANA Director |
CONVERSION | 1.00K | $250.84K | Direct |
| Dec 5, 25 | DICKINS VEITCH DENISE E Director |
STOCK | 269 | $0 | Direct |
| Jun 10, 25 | CUSTER JOHN MICHAEL Director |
SELL | 2.20K | $986.19K | Direct |
| May 15, 25 | DICKINS VEITCH DENISE E Director |
STOCK | 191 | $0 | Direct |
| May 12, 25 | DICKINS VEITCH DENISE E Director |
CONVERSION | 4.50K | $787.82K | Direct |
| Mar 5, 25 | ALVAREZ CESAR LICINIO Director |
SELL | 2.10K | $1.05M | Direct |
| Mar 5, 25 | ALVAREZ CESAR LICINIO Director |
CONVERSION | 2.50K | $437.68K | Direct |
| Dec 18, 24 | LOGAN BARRY S Officer and Director |
SELL | 11.00K | $5.59M | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
ALVAREZ CESAR LICINIO |
Director | 400 | Sale |
CUSTER JOHN MICHAEL |
Director | 3.55K | Sale |
DICKINS VEITCH DENISE E |
Director | 21.64K | Stock Gift |
LOGAN BARRY S |
Officer and Director | 1.77K | Sale |
LOPEZ-BLAZQUEZ ANA |
Director | 293 | Conversion of Exercise of derivative security |
Fundamentals
Market cap$12.00B
Enterprise value$11.77B
Revenue (TTM)$7.28B
Gross profit$2.00B
EBITDA$701.10M
Net income$443.48M
EPS (TTM)$11.67
Free cash flow$483.66M
Total cash$464.19M
Total debt$535.27M
Book value / share$77.60
Shares outstanding35.59M
Float33.51M
Short % of float14.84%
Dividend yield4.52%
Beta (5Y)1.04
Valuation & profitability ratios
Trailing P/E24.92
Forward P/E21.91
PEG ratio1.12
Price / sales—
Price / book3.75
EV / revenue1.62
EV / EBITDA16.79
Gross margin27.51%
Operating margin10.94%
Profit margin6.53%
Return on equity16.74%
Return on assets8.37%
Debt / equity15.41
Current ratio3.20
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $7.24B | $7.62B | $7.28B | $7.27B | -5.0% |
| Operating revenue | $7.24B | $7.62B | $7.28B | $7.27B | -5.0% |
| Cost of revenue | $5.21B | $5.57B | $5.29B | $5.24B | -6.5% |
| Gross profit | $2.03B | $2.04B | $1.99B | $2.03B | -0.7% |
| Selling, general & admin | $1.34B | $1.29B | $1.22B | $1.22B | +3.4% |
| Total operating expense | $1.34B | $1.29B | $1.22B | $1.22B | +3.4% |
| Operating income | $692.58M | $751.27M | $768.63M | $808.91M | -7.8% |
| Net interest income | $17.33M | $20.87M | -$4.92M | -$2.17M | -17.0% |
| Pre-tax income | $737.68M | $802.64M | $789.89M | $829.41M | -8.1% |
| Tax provision | $150.09M | $166.90M | $155.75M | $125.72M | -10.1% |
| Net income | $496.99M | $536.29M | $536.34M | $601.17M | -7.3% |
| Net income to common | $464.18M | $498.89M | $499.37M | $549.80M | -7.0% |
| Basic EPS | 11.44 | 12.36 | 12.65 | 14.17 | -7.5% |
| Diluted EPS | 11.44 | 12.36 | 12.65 | 14.17 | -7.5% |
| EBIT | $692.58M | $751.27M | $768.63M | $808.91M | -7.8% |
| EBITDA | $736.33M | $792.10M | $803.72M | $840.59M | -7.0% |
| Basic shares | 40.58M | 40.35M | 39.49M | 38.80M | +0.6% |
| Diluted shares | 40.58M | 40.35M | 39.49M | 38.80M | +0.6% |
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $433.28M | $526.27M | $210.11M | $147.50M | — | -17.7% |
| Cash & short-term investments | $733.28M | $781.94M | $210.11M | $147.50M | — | -6.2% |
| Accounts receivable | $796.18M | $877.93M | $797.83M | $747.11M | — | -9.3% |
| Inventory | $1.39B | $1.39B | $1.35B | $1.37B | — | +0.1% |
| Total current assets | $2.95B | $3.08B | $2.39B | $2.30B | — | -4.1% |
| Property, plant & equipment | $588.56M | $559.67M | $504.98M | $442.74M | — | +5.2% |
| Goodwill & intangibles | $672.94M | $660.33M | $675.29M | $605.90M | — | +1.9% |
| Total assets | $4.41B | $4.48B | $3.73B | $3.49B | — | -1.4% |
| Total current liabilities | $717.74M | $983.90M | $712.01M | $906.52M | — | -27.1% |
| Current debt | — | — | $100.27M | $56.40M | $84.50M | — |
| Long-term debt | — | — | $15.40M | — | $89.00M | — |
| Total debt | $478.79M | $447.46M | $404.79M | $390.53M | — | +7.0% |
| Total liabilities | $1.19B | $1.42B | $1.11B | $1.24B | — | -15.7% |
| Retained earnings | $1.32B | $1.30B | $1.18B | $1.03B | — | +1.8% |
| Shareholder equity | $2.78B | $2.66B | $2.23B | $1.89B | — | +4.7% |
| Working capital | $2.24B | $2.10B | $1.68B | $1.39B | — | +6.7% |
| Net tangible assets | $2.11B | $2.00B | $1.55B | $1.28B | — | +5.6% |
| Shares issued | 44.64M | 44.44M | 44.32M | 43.67M | — | +0.5% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | $587.59M | $635.74M | $634.14M | $703.70M | -7.6% |
| Depreciation & amortisation | $43.75M | $40.82M | $35.09M | $31.68M | +7.2% |
| Stock-based compensation | $35.34M | $35.02M | $30.00M | $28.82M | +0.9% |
| Change in working capital | -$102.09M | $78.23M | -$119.80M | -$196.69M | -230.5% |
| Operating cash flow | $569.61M | $773.10M | $561.95M | $571.96M | -26.3% |
| Capital expenditure | -$34.55M | -$30.09M | -$35.48M | -$35.65M | -14.8% |
| Investing cash flow | -$98.12M | -$290.67M | -$41.34M | -$33.84M | +66.2% |
| Share buybacks | -$3.66M | -$39.67M | -$2.83M | -$87.11M | +90.8% |
| Dividends paid | -$473.76M | -$423.52M | -$382.65M | -$332.45M | -11.9% |
| Financing cash flow | -$568.12M | -$158.53M | -$460.08M | -$503.96M | -258.4% |
| Free cash flow | $535.06M | $743.01M | $526.48M | $536.31M | -28.0% |
| End cash position | $433.28M | $526.27M | $210.11M | $147.50M | -17.7% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | $2.10B | $1.53B | $1.58B | $2.07B | $2.06B | +37.3% |
| Operating revenue | $2.10B | $1.53B | $1.58B | $2.07B | $2.06B | +37.3% |
| Cost of revenue | $1.53B | $1.11B | $1.15B | $1.50B | $1.46B | +38.0% |
| Gross profit | $578.93M | $427.56M | $428.44M | $568.91M | $603.49M | +35.4% |
| Selling, general & admin | $348.99M | $322.85M | $332.64M | $343.65M | $339.00M | +8.1% |
| Total operating expense | $340.56M | $322.85M | $332.64M | $343.65M | $331.62M | +5.5% |
| Operating income | $238.37M | $104.70M | $95.79M | $225.26M | $271.87M | +127.7% |
| Net interest income | $3.50M | $6.46M | $5.85M | $3.73M | $2.33M | -45.9% |
| Pre-tax income | $241.87M | $116.64M | $107.38M | $238.50M | $274.20M | +107.4% |
| Tax provision | $50.57M | $23.70M | $20.33M | $49.27M | $57.43M | +113.3% |
| Net income | $163.34M | $79.07M | $71.75M | $161.57M | $183.61M | +106.6% |
| Net income to common | $152.60M | $71.04M | $67.05M | $150.87M | $171.45M | +114.8% |
| Basic EPS | 3.71 | 1.75 | 1.57 | 3.72 | 4.23 | +111.8% |
| Diluted EPS | 3.71 | 1.75 | 1.57 | 3.72 | 4.23 | +111.8% |
| EBIT | $238.37M | $104.70M | $95.79M | $225.26M | $271.87M | +127.7% |
| EBITDA | $249.30M | $115.72M | $106.86M | $236.25M | $282.78M | +115.4% |
| Basic shares | 41.19M | 40.66M | 40.58M | 40.56M | 40.55M | +1.3% |
| Diluted shares | 41.19M | 40.66M | 40.58M | 40.56M | 40.55M | +1.3% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $364.19M | $392.68M | $433.28M | $324.35M | $292.98M | -7.3% |
| Cash & short-term investments | $464.19M | $592.68M | $733.28M | $524.35M | $292.98M | -21.7% |
| Accounts receivable | $1.06B | $839.24M | $796.18M | $941.88M | $1.02B | +26.4% |
| Inventory | $1.89B | $1.72B | $1.39B | $1.60B | $1.95B | +10.2% |
| Total current assets | $3.45B | $3.18B | $2.95B | $3.12B | $3.30B | +8.6% |
| Property, plant & equipment | $656.19M | $594.03M | $588.56M | $565.84M | $563.20M | +10.5% |
| Goodwill & intangibles | $764.95M | $669.26M | $672.94M | $672.05M | $675.96M | +14.3% |
| Total assets | $5.08B | $4.65B | $4.41B | $4.55B | $4.73B | +9.4% |
| Total current liabilities | $1.08B | $951.87M | $717.74M | $812.14M | $1.07B | +13.4% |
| Total debt | $535.27M | $486.23M | $478.79M | $457.51M | $454.09M | +10.1% |
| Total liabilities | $1.61B | $1.43B | $1.19B | $1.25B | $1.51B | +12.3% |
| Retained earnings | $1.31B | $1.28B | $1.32B | $1.37B | $1.33B | +2.3% |
| Shareholder equity | $2.99B | $2.76B | $2.78B | $2.81B | $2.76B | +8.4% |
| Working capital | $2.37B | $2.23B | $2.24B | $2.30B | $2.23B | +6.5% |
| Net tangible assets | $2.23B | $2.09B | $2.11B | $2.14B | $2.08B | +6.5% |
| Shares issued | 41.19M | 40.66M | 44.64M | 40.56M | 40.55M | +1.3% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Net income | $191.30M | $92.94M | $87.05M | $189.23M | $216.77M | +105.8% |
| Depreciation & amortisation | $10.92M | $11.02M | $11.07M | $10.99M | $10.91M | -0.9% |
| Stock-based compensation | $8.63M | $8.08M | $8.66M | $9.07M | $8.81M | +6.9% |
| Change in working capital | -$207.50M | -$137.49M | $282.86M | $150.96M | -$238.90M | -50.9% |
| Operating cash flow | -$2.54M | -$18.91M | $399.77M | $354.94M | -$7.45M | +86.6% |
| Capital expenditure | -$8.99M | -$6.96M | -$11.29M | -$8.88M | -$6.84M | -29.1% |
| Investing cash flow | $98.63M | $93.14M | -$111.60M | -$208.77M | -$22.30M | +5.9% |
| Share buybacks | -$813.00K | -$590.00K | $0 | -$3.66M | $0 | -37.8% |
| Dividends paid | -$134.15M | -$121.78M | -$121.68M | -$121.59M | -$121.46M | -10.2% |
| Financing cash flow | -$123.39M | -$113.97M | -$180.31M | -$113.57M | -$112.55M | -8.3% |
| Free cash flow | -$11.52M | -$25.87M | $388.47M | $346.06M | -$14.28M | +55.5% |
| End cash position | $364.19M | $392.68M | $433.28M | $324.35M | $292.98M | -7.3% |
Options analytics
Put / call volume
0.29
Call-heavy session
Put / call open interest
1.61
Positioning, not flow
Max pain
310.00
+6.6% from spot
ATM implied vol
35.6%
Nearest strike to spot
Skew (10% OTM)
-6.2%
Calls bid over puts
Call volume
51
Contracts, this expiry
Put volume
15
Contracts, this expiry
Heaviest call OI
340.00
50 contracts
Heaviest put OI
280.00
112 contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | 4.39 | 4.00 | -8.8% |
| Mar 2026 | 1.68 | 1.87 | +11.4% |
| Dec 2025 | 1.89 | 1.68 | -11.0% |
| Sep 2025 | 4.29 | 3.98 | -7.3% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 4.12 | 10 | $2.20B | +6.6% |
| Next quarter | 1.94 | 9 | $1.69B | +7.0% |
| Current year | 12.19 | 11 | $7.55B | +4.3% |
| Next year | 13.23 | 10 | $7.96B | +5.4% |
Analyst targets & ownership
Mean target$375.90
High target$485.00
Low target$330.00
Implied upside30.73%
Analyst count10
ConsensusHOLD
Strong buy / Buy1 / 2
Hold10
Sell / Strong sell1 / 0
Held by insiders0.38%
Held by institutions109.98%
Institutions holding1.06K
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
306.11
-6.07% from price
SMA 20
308.74
-5.80% from price
SMA 50
314.05
-7.39% from price
SMA 100
349.30
-17.68% from price
SMA 200
371.21
-21.65% from price
EMA 12
303.41
-5.23% from price
EMA 26
309.55
-7.11% from price
EMA 50
320.88
-10.39% from price
RSI (14)
32.8
Neutral
MACD (12,26,9)
-6.14
Hist -1.90
ATR (14)
9.08
3.12% of price
Realised vol 30D
27.4%
Annualised
Bollinger upper
328.06
20, 2σ
Bollinger lower
289.42
20, 2σ
50 / 200 cross
Death
314.05 vs 371.21
Trend bias
Below 200
-21.65%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
1.12
More volatile than market
Correlation to SPY
0.42
Loosely linked
Realised vol 30D
27.4%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-36.3%
Peak to trough
Max drawdown 5Y
-48.9%
Peak to trough
ATR 14
9.08
3.12% of price
Beta (reported)
1.04
5Y monthly, from filing
Short interest
Shares short
4.00M
Prior 3.64M
Change vs prior
+10.0%
Shorts adding
% of float
14.84%
Elevated
% of shares out
9.70%
Against total outstanding
Days to cover
8.6
Crowded exit
Float
33.51M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Aug 17, 26 | Stephens & Co. | MAINTAINED | Overweight | Overweight |
| Jul 30, 26 | DA Davidson | MAINTAINED | Neutral | Neutral |
| Jul 28, 26 | Baird | MAINTAINED | Outperform | Outperform |
| Jul 10, 26 | Morgan Stanley | MAINTAINED | Equal-Weight | Equal-Weight |
| Jun 16, 26 | DA Davidson | INITIATED | — | Neutral |
| Apr 29, 26 | Stephens & Co. | MAINTAINED | Overweight | Overweight |
| Feb 19, 26 | JP Morgan | MAINTAINED | Neutral | Neutral |
| Jan 16, 26 | JP Morgan | MAINTAINED | Neutral | Neutral |
| Jan 14, 26 | Morgan Stanley | MAINTAINED | Equal-Weight | Equal-Weight |
| Jan 5, 26 | Mizuho | MAINTAINED | Neutral | Neutral |
| Nov 6, 25 | UBS | MAINTAINED | Neutral | Neutral |
| Oct 30, 25 | JP Morgan | MAINTAINED | Neutral | Neutral |
Dividends & splits
Forward rate$13.20 / yr
Forward yield4.52%
5-year avg yield2.67%
Payout ratio105.40%
Ex-dividend dateOct 16, 2026
Next pay dateOct 30, 2026
Last split3:2
Split dateAug 17, 1998
SEC filings
Corporate Changes & Voting Matters
8-K · 2026-09-17
Periodic Financial Reports
10-Q · 2026-08-07
Corporate Changes & Voting Matters
8-K · 2026-07-29
Corporate Changes & Voting Matters
8-K · 2026-06-03
Periodic Financial Reports
10-Q · 2026-05-08
Corporate Changes & Voting Matters
8-K · 2026-04-29
Corporate Changes & Voting Matters
8-K · 2026-04-28
Annual Report to Shareholders
ARS · 2026-04-24
Headlines
Watsco Declares $3.30 Quarterly Dividend
GlobeNewswire · 6d ago
These 3 Boring Stocks Have One Thing in Common: Demand That Cannot Wait
24/7 Wall St. · 11d ago
3 Cash-Producing Stocks We Keep Off Our Radar
StockStory · 12d ago
5 Industrial Distributors With a Competitive Advantage Hiding in Plain Sight
24/7 Wall St. · 13d ago
1 Profitable Stock to Target This Week and 2 We Question
StockStory · 13d ago
Watsco (WSO) Stock Appears Undervalued Based On Future Cash Flow
Simply Wall St. · 13d ago
Watsco (WSO) Could Be 14% Undervalued On Its A2L Transition Story
Simply Wall St. · 14d ago
Watsco (WSO) Bets $500M On Plumbing’s Next Frontier
Insider Monkey · 15d ago
PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.