Income Statement

Revenue

+43%

10Y

+76%

Currency: USD

	Mar-2002	Jun-2002	Sep-2002	Dec-2002	Mar-2003	Jun-2003	Sep-2003	Dec-2003	Mar-2004	Jun-2004	Sep-2004	Dec-2004	Mar-2005	Jun-2005	Sep-2005	Dec-2005	Mar-2006	Jun-2006	Sep-2006	Dec-2006	Mar-2007	Jun-2007	Sep-2007	Dec-2007	Mar-2008	Jun-2008	Sep-2008	Dec-2008	Mar-2009	Jun-2009	Sep-2009	Dec-2009	Mar-2010	Jun-2010	Sep-2010	Dec-2010	Mar-2011	Jun-2011	Sep-2011	Dec-2011	Mar-2012	Jun-2012	Sep-2012	Dec-2012	Mar-2013	Jun-2013	Sep-2013	Dec-2013	Mar-2014	Jun-2014	Sep-2014	Dec-2014	Mar-2015	Jun-2015	Sep-2015	Dec-2015	Mar-2016	Jun-2016	Sep-2016	Dec-2016	Mar-2017	Jun-2017	Sep-2017	Dec-2017	Mar-2018	Jun-2018	Sep-2018	Dec-2018	Mar-2019	Jun-2019	Sep-2019	Dec-2019	Mar-2020	Jun-2020	Sep-2020	Dec-2020	Mar-2021	Jun-2021	Sep-2021	Dec-2021	Mar-2022	Jun-2022	Sep-2022	Dec-2022	Mar-2023	Jun-2023	Sep-2023	Dec-2023	Mar-2024	Jun-2024	Sep-2024	Dec-2024	Mar-2025	Jun-2025	Sep-2025	Dec-2025
Revenue
Interest Expense	9	8	8	7	7	6	6	6	5	5	5	4	4	4	4	3	3	3	4	4	3	3	3	3	3	3	3	2	2	2	2	3	3	4	4	3	3	4	4	4	5	5	5	5	5	5	6	6	6	5	5	5	6	6	6	6	5	5	4	4	4	5	6	6	6	5	4	3	3	3	4	4	4	3	2	1	1	1	1	1	1	2	2	2	2	5	6	5	0	0	0	0	0	0	0	0
Revenue	1 217 N/A	1 197 -2%	1 188 -1%	1 181 -1%	1 182 +0%	1 191 +1%	1 213 +2%	1 233 +2%	1 254 +2%	1 286 +3%	1 295 +1%	1 315 +2%	1 382 +5%	1 453 +5%	1 573 +8%	1 658 +5%	1 724 +4%	1 786 +4%	1 808 +1%	1 771 -2%	1 754 -1%	1 721 -2%	1 740 +1%	1 758 +1%	1 768 +1%	1 806 +2%	1 763 -2%	1 700 -4%	1 611 -5%	1 506 -7%	1 773 +18%	2 002 +13%	2 220 +11%	2 680 +21%	2 751 +3%	2 845 +3%	2 869 +1%	2 888 +1%	2 989 +4%	2 978 0%	3 077 +3%	3 205 +4%	3 312 +3%	3 432 +4%	3 512 +2%	3 620 +3%	3 682 +2%	3 743 +2%	3 792 +1%	3 842 +1%	3 895 +1%	3 945 +1%	3 991 +1%	4 044 +1%	4 086 +1%	4 113 +1%	4 156 +1%	4 147 0%	4 211 +2%	4 221 +0%	4 241 +0%	4 303 +1%	4 291 0%	4 342 +1%	4 396 +1%	4 453 +1%	4 520 +1%	4 547 +1%	4 551 +0%	4 590 +1%	4 689 +2%	4 770 +2%	4 847 +2%	4 831 0%	4 973 +3%	5 055 +2%	5 183 +3%	5 677 +10%	5 923 +4%	6 280 +6%	6 668 +6%	6 952 +4%	7 205 +4%	7 274 +1%	7 301 +0%	7 171 -2%	7 262 +1%	7 284 +0%	7 298 +0%	7 434 +2%	7 468 +0%	7 618 +2%	7 584 0%	7 508 -1%	7 414 -1%	7 239 -2%
Gross Profit
Cost of Revenue	(924)	(907)	(898)	(894)	(894)	(900)	(916)	(928)	(941)	(962)	(964)	(978)	(1 029)	(1 084)	(1 177)	(1 240)	(1 290)	(1 332)	(1 342)	(1 314)	(1 301)	(1 278)	(1 298)	(1 311)	(1 318)	(1 345)	(1 306)	(1 258)	(1 193)	(1 118)	(1 340)	(1 521)	(1 691)	(2 051)	(2 098)	(2 171)	(2 184)	(2 190)	(2 268)	(2 249)	(2 333)	(2 436)	(2 520)	(2 617)	(2 673)	(2 753)	(2 798)	(2 844)	(2 880)	(2 918)	(2 954)	(2 988)	(3 018)	(3 056)	(3 087)	(3 106)	(3 140)	(3 134)	(3 182)	(3 186)	(3 201)	(3 244)	(3 238)	(3 276)	(3 319)	(3 365)	(3 408)	(3 426)	(3 428)	(3 460)	(3 543)	(3 613)	(3 676)	(3 669)	(3 771)	(3 832)	(3 913)	(4 248)	(4 385)	(4 613)	(4 845)	(5 011)	(5 196)	(5 244)	(5 273)	(5 176)	(5 251)	(5 292)	(5 324)	(5 443)	(5 477)	(5 574)	(5 541)	(5 440)	(5 344)	(5 209)
Gross Profit	294 N/A	291 -1%	290 0%	287 -1%	288 +0%	291 +1%	297 +2%	305 +3%	313 +3%	324 +4%	331 +2%	337 +2%	353 +5%	368 +4%	396 +7%	418 +6%	434 +4%	454 +4%	465 +3%	457 -2%	454 -1%	442 -3%	442 0%	447 +1%	450 +1%	461 +3%	457 -1%	442 -3%	418 -5%	388 -7%	433 +12%	481 +11%	529 +10%	629 +19%	653 +4%	673 +3%	686 +2%	698 +2%	722 +3%	728 +1%	744 +2%	769 +3%	792 +3%	814 +3%	839 +3%	867 +3%	884 +2%	899 +2%	912 +1%	924 +1%	941 +2%	956 +2%	973 +2%	989 +2%	1 000 +1%	1 007 +1%	1 016 +1%	1 012 0%	1 029 +2%	1 035 +1%	1 041 +1%	1 059 +2%	1 053 -1%	1 066 +1%	1 078 +1%	1 088 +1%	1 112 +2%	1 120 +1%	1 123 +0%	1 130 +1%	1 146 +1%	1 157 +1%	1 171 +1%	1 162 -1%	1 201 +3%	1 223 +2%	1 270 +4%	1 429 +12%	1 538 +8%	1 668 +8%	1 823 +9%	1 941 +6%	2 009 +4%	2 030 +1%	2 028 0%	1 995 -2%	2 011 +1%	1 992 -1%	1 975 -1%	1 992 +1%	1 991 0%	2 045 +3%	2 044 0%	2 067 +1%	2 070 +0%	2 030 -2%
Operating Income
Operating Expenses	(245)	(244)	(239)	(237)	(236)	(238)	(242)	(244)	(247)	(250)	(252)	(255)	(267)	(277)	(292)	(301)	(312)	(321)	(326)	(322)	(322)	(318)	(323)	(336)	(344)	(352)	(352)	(343)	(334)	(320)	(362)	(400)	(438)	(493)	(494)	(508)	(512)	(519)	(532)	(528)	(540)	(556)	(567)	(588)	(604)	(613)	(619)	(628)	(636)	(640)	(647)	(651)	(655)	(659)	(665)	(671)	(675)	(679)	(687)	(689)	(697)	(704)	(705)	(716)	(724)	(730)	(747)	(757)	(759)	(769)	(781)	(800)	(824)	(821)	(829)	(833)	(847)	(920)	(981)	(1 058)	(1 124)	(1 172)	(1 212)	(1 221)	(1 225)	(1 214)	(1 213)	(1 224)	(1 246)	(1 261)	(1 267)	(1 293)	(1 306)	(1 326)	(1 344)	(1 338)
Selling, General & Administrative	(242)	(241)	(239)	(237)	(237)	(238)	(242)	(244)	(247)	(250)	(252)	(255)	(267)	(277)	(292)	(301)	(312)	(321)	(326)	(322)	(322)	(318)	(323)	(336)	(344)	(352)	(352)	(343)	(334)	(320)	(362)	(400)	(438)	(493)	(494)	(508)	(512)	(519)	(532)	(528)	(540)	(556)	(567)	(572)	(603)	(612)	(619)	(628)	(636)	(640)	(647)	(633)	(655)	(659)	(665)	(651)	(675)	(679)	(687)	(669)	(697)	(704)	(705)	(694)	(724)	(730)	(747)	(735)	(759)	(769)	(781)	(776)	(824)	(821)	(829)	(807)	(847)	(920)	(981)	(1 030)	(1 124)	(1 172)	(1 212)	(1 190)	(1 225)	(1 214)	(1 213)	(1 188)	(1 246)	(1 261)	(1 267)	(1 253)	(1 306)	(1 326)	(1 344)	(1 294)
Depreciation & Amortization	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	(16)	0	0	0	0	0	0	0	(18)	0	0	0	(19)	0	0	0	(20)	0	0	0	(22)	0	0	0	(22)	0	0	0	(25)	0	0	0	(26)	0	0	0	(28)	0	0	0	(32)	0	0	0	(35)	0	0	0	(41)	0	0	0	(44)
Other Operating Expenses	(3)	(3)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Operating Income	48 N/A	47 -4%	51 +10%	50 -2%	52 +3%	53 +3%	55 +4%	61 +11%	65 +7%	75 +14%	79 +6%	82 +4%	86 +5%	91 +6%	104 +15%	117 +12%	123 +4%	132 +8%	140 +5%	135 -3%	132 -3%	124 -6%	119 -4%	111 -6%	106 -5%	109 +3%	105 -4%	99 -6%	84 -15%	68 -19%	72 +5%	81 +13%	91 +13%	136 +49%	159 +17%	166 +4%	174 +5%	179 +3%	189 +6%	200 +6%	203 +2%	213 +5%	225 +5%	226 +0%	236 +4%	255 +8%	265 +4%	271 +3%	276 +2%	284 +3%	294 +3%	306 +4%	317 +4%	329 +4%	335 +2%	337 +1%	340 +1%	333 -2%	342 +3%	346 +1%	344 -1%	355 +3%	348 -2%	350 +0%	354 +1%	358 +1%	365 +2%	363 -1%	364 +0%	361 -1%	365 +1%	357 -2%	347 -3%	341 -2%	372 +9%	390 +5%	423 +8%	509 +20%	557 +9%	609 +9%	699 +15%	769 +10%	797 +4%	809 +1%	803 -1%	781 -3%	798 +2%	769 -4%	729 -5%	731 +0%	724 -1%	751 +4%	737 -2%	741 +1%	726 -2%	693 -5%
Pre-Tax Income
Interest Income Expense	(9)	(8)	(8)	(7)	(7)	(6)	(6)	(6)	(5)	(5)	(5)	(4)	(4)	(4)	(4)	(3)	(3)	(3)	(4)	(4)	(3)	(3)	(3)	(3)	(3)	(3)	(3)	(2)	(2)	(2)	(2)	(3)	(3)	(4)	(4)	(3)	(3)	(4)	(4)	(4)	(5)	(5)	(5)	(5)	(5)	(5)	(6)	(6)	(6)	(5)	(5)	(5)	(6)	(6)	(6)	(6)	(5)	(5)	(4)	(4)	(4)	(5)	(3)	(2)	(0)	4	6	7	6	5	5	6	6	8	10	10	14	16	18	18	17	17	18	21	20	19	20	21	26	35	45	51	54	51	47	45
Non-Reccuring Items	0	0	0	1	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	(0)	(1)	(1)	(1)	(1)	(1)	(1)	(1)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Pre-Tax Income	39 N/A	38 -3%	44 +15%	44 -1%	45 +3%	47 +4%	49 +5%	56 +13%	60 +8%	70 +16%	75 +6%	78 +4%	82 +5%	87 +6%	101 +16%	114 +13%	119 +5%	129 +8%	136 +5%	132 -3%	128 -3%	121 -5%	116 -5%	108 -7%	103 -5%	105 +3%	102 -3%	97 -5%	82 -15%	66 -19%	70 +5%	78 +12%	88 +13%	132 +50%	155 +17%	162 +5%	170 +5%	175 +3%	184 +6%	195 +6%	198 +2%	208 +5%	219 +6%	220 +0%	231 +5%	249 +8%	259 +4%	265 +3%	271 +2%	279 +3%	289 +4%	301 +4%	312 +4%	323 +4%	329 +2%	331 +1%	335 +1%	329 -2%	338 +3%	342 +1%	340 -1%	351 +3%	345 -2%	348 +1%	353 +2%	362 +3%	371 +2%	369 -1%	370 +0%	367 -1%	370 +1%	363 -2%	353 -3%	349 -1%	382 +9%	400 +5%	437 +9%	525 +20%	574 +10%	628 +9%	716 +14%	786 +10%	815 +4%	829 +2%	823 -1%	799 -3%	818 +2%	790 -3%	755 -4%	766 +2%	768 +0%	803 +4%	791 -1%	792 +0%	773 -2%	738 -5%
Net Income
Tax Provision	(14)	(14)	(16)	(15)	(16)	(17)	(18)	(21)	(23)	(26)	(28)	(30)	(31)	(33)	(39)	(43)	(45)	(49)	(51)	(49)	(48)	(45)	(43)	(40)	(38)	(40)	(38)	(36)	(31)	(25)	(24)	(27)	(30)	(42)	(48)	(50)	(53)	(53)	(55)	(57)	(58)	(59)	(63)	(63)	(65)	(73)	(75)	(78)	(80)	(82)	(87)	(92)	(96)	(102)	(104)	(105)	(106)	(102)	(105)	(106)	(104)	(106)	(100)	(100)	(97)	(89)	(81)	(75)	(74)	(71)	(71)	(67)	(65)	(64)	(70)	(77)	(84)	(104)	(115)	(129)	(149)	(165)	(173)	(126)	(124)	(120)	(125)	(156)	(147)	(149)	(150)	(167)	(165)	(164)	(157)	(150)
Income from Continuing Operations	25	25	28	29	29	30	32	35	38	44	46	48	51	54	62	71	74	80	85	82	80	76	72	67	64	66	64	60	52	42	46	52	58	90	107	112	117	121	130	138	140	149	156	158	165	177	183	188	191	197	202	209	216	221	225	227	229	227	232	236	236	245	245	247	256	273	290	295	296	296	299	296	288	285	311	323	353	421	460	499	567	621	642	704	699	679	694	634	608	617	618	636	626	628	616	588
Income to Minority Interest	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	(6)	(8)	(10)	(23)	(29)	(31)	(33)	(36)	(42)	(47)	(49)	(54)	(55)	(54)	(57)	(56)	(58)	(60)	(60)	(61)	(57)	(57)	(58)	(54)	(54)	(54)	(54)	(52)	(53)	(53)	(52)	(52)	(50)	(49)	(50)	(51)	(54)	(54)	(54)	(54)	(52)	(50)	(47)	(47)	(50)	(54)	(59)	(69)	(74)	(80)	(90)	(95)	(100)	(103)	(101)	(101)	(102)	(98)	(95)	(95)	(96)	(99)	(97)	(97)	(94)	(91)
Net Income (Common)	25 N/A	25 -2%	28 +15%	29 +1%	29 +3%	30 +3%	32 +5%	35 +10%	38 +8%	44 +16%	46 +6%	48 +4%	51 +5%	54 +6%	62 +16%	70 +13%	74 +6%	80 +9%	85 +6%	82 -3%	80 -3%	74 -7%	70 -5%	62 -13%	62 +1%	63 +3%	61 -4%	57 -7%	48 -15%	39 -20%	36 -6%	40 +10%	45 +12%	63 +40%	72 +15%	76 +5%	80 +5%	80 +1%	82 +2%	84 +3%	85 +1%	88 +3%	95 +8%	86 -10%	90 +5%	102 +13%	106 +4%	119 +12%	122 +3%	126 +3%	134 +6%	140 +5%	146 +4%	154 +6%	157 +2%	159 +1%	161 +1%	160 -1%	165 +3%	168 +2%	169 +0%	177 +5%	178 +1%	191 +7%	198 +4%	213 +8%	226 +6%	223 -1%	224 +0%	224 +0%	228 +2%	226 -1%	220 -2%	218 -1%	239 +10%	246 +3%	270 +9%	321 +19%	352 +10%	382 +8%	434 +14%	478 +10%	493 +3%	550 +12%	549 0%	535 -3%	551 +3%	499 -9%	477 -5%	485 +2%	485 +0%	499 +3%	491 -2%	494 +1%	485 -2%	464 -4%
EPS (Diluted)	0.92 N/A	0.9 -2%	1.06 +18%	1.07 +1%	1.13 +6%	1.17 +4%	1.23 +5%	1.34 +9%	1.41 +5%	1.62 +15%	1.73 +7%	1.79 +3%	1.83 +2%	1.93 +5%	2.25 +17%	2.54 +13%	2.66 +5%	2.88 +8%	3.05 +6%	2.95 -3%	2.9 -2%	2.65 -9%	2.52 -5%	2.26 -10%	2.3 +2%	2.34 +2%	2.18 -7%	2.09 -4%	1.8 -14%	1.55 -14%	1.19 -23%	1.4 +18%	1.46 +4%	2.03 +39%	2.38 +17%	2.49 +5%	2.6 +4%	2.57 -1%	2.66 +4%	2.74 +3%	2.7 -1%	2.76 +2%	2.95 +7%	2.7 -8%	2.79 +3%	3.16 +13%	3.29 +4%	3.68 +12%	3.78 +3%	3.9 +3%	4.14 +6%	4.32 +4%	4.48 +4%	4.77 +6%	4.78 +0%	4.9 +3%	4.97 +1%	4.93 -1%	5.07 +3%	5.15 +2%	5.16 +0%	5.41 +5%	5.45 +1%	5.8 +6%	5.77 -1%	6.2 +7%	6.58 +6%	6.49 -1%	6.49 N/A	6.49 N/A	6.54 +1%	6.5 -1%	6.28 -3%	6.1 -3%	6.79 +11%	7.01 +3%	7.62 +9%	8.95 +17%	9.94 +11%	10.78 +8%	12.25 +14%	13.47 +10%	13.88 +3%	15.41 +11%	15.09 -2%	14.46 -4%	15.06 +4%	13.67 -9%	12.88 -6%	12.88 N/A	12.87 0%	13.3 +3%	12.97 -2%	13.02 +0%	12.82 -2%	12.25 -4%

Income Statement Balance Sheet Cash Flow Statement

Watsco Inc
NYSE:WSO

Income Statement

Earnings Waterfall
Watsco Inc

Income Statement
Watsco Inc

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Watsco Inc NYSE:WSO

Income Statement

Earnings Waterfall Watsco Inc

Income Statement Watsco Inc

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Watsco Inc
NYSE:WSO

Earnings Waterfall
Watsco Inc

Income Statement
Watsco Inc