Watsco is the largest heating, ventilation, air conditioning, and refrigeration products distributor in North America. The company primarily operates in the United States (90% of revenue) with significant exposure in the Sunbelt states. Watsco also has operations in Canada (5% of sales) and Latin America (5% of sales). The company's customer base consists of more than 125,000 contractors that serve the replacement and new construction HVACR markets for residential and light commercial applications.
1956
7.3K+
LTM Revenue $7.8B
LTM EBITDA $847M
$20.4B
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Watsco has a last 12-month revenue of $7.8B and a last 12-month EBITDA of $847M.
In the most recent fiscal year, Watsco achieved revenue of $7.6B and an EBITDA of $792M.
Watsco expects next 12-month revenue of XXX   and NTM EBITDA of XXX
See Watsco valuation multiples based on analyst estimatesFY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
---|---|---|---|---|---|
Revenue | $7.3B | $7.6B | XXX | XXX | XXX |
Gross Profit | $2.0B | $2.0B | XXX | XXX | XXX |
Gross Margin | 28% | 26% | XXX | XXX | XXX |
EBITDA | $830M | $792M | XXX | XXX | XXX |
EBITDA Margin | 11% | 10% | XXX | XXX | XXX |
Net Profit | $601M | $536M | XXX | XXX | XXX |
Net Margin | 8% | 7% | XXX | XXX | XXX |
Net Debt | n/a | n/a | XXX | XXX | XXX |
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As of April 15, 2025, Watsco's stock price is $514.
Watsco has current market cap of $20.8B, and EV of $20.4B.
See Watsco trading valuation dataEV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
---|---|---|---|---|---|---|
$20.4B | $20.8B | XXX | XXX | XXX | XXX | $13.72 |
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Sign UpAs of April 15, 2025, Watsco has market cap of $20.8B and EV of $20.4B.
Watsco's trades at 2.6x LTM EV/Revenue multiple, and 24.1x LTM EBITDA.
Analysts estimate Watsco's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Watsco and 10K+ public compsFY 2024 | FY 2025E | FY 2026E | FY 2027E | |
---|---|---|---|---|
EV | $20.4B | XXX | XXX | XXX |
EV/Revenue | 2.7x | XXX | XXX | XXX |
EV/EBITDA | 25.8x | XXX | XXX | XXX |
P/E | 38.7x | XXX | XXX | XXX |
P/E/Growth | 5.3x | XXX | XXX | XXX |
EV/FCF | 27.5x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpWatsco's NTM/LTM revenue growth is 6%
Watsco's revenue per employee for the last fiscal year averaged $1.0M, while opex per employee averaged $0.2M for the same period.
Over next 12 months, Watsco's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Watsco's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Watsco and other 10K+ public compsFY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
---|---|---|---|---|---|
Revenue Growth | 5% | XXX | XXX | XXX | XXX |
EBITDA Margin | 10% | XXX | XXX | XXX | XXX |
EBITDA Growth | -5% | XXX | XXX | XXX | XXX |
Rule of 40 (SaaS-only) | 16% | XXX | XXX | XXX | XXX |
Revenue per Employee | $1.0M | XXX | XXX | XXX | XXX |
Opex per Employee | $0.2M | XXX | XXX | XXX | XXX |
S&M Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
G&A Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
R&D Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
Opex to Revenue | 17% | XXX | XXX | XXX | XXX |
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EV/Revenue | EV/EBITDA | |||||
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2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
Ghitha Holding | XXX | XXX | XXX | XXX | XXX | XXX |
Acomo | XXX | XXX | XXX | XXX | XXX | XXX |
Sligro Food Group | XXX | XXX | XXX | XXX | XXX | XXX |
Metcash | XXX | XXX | XXX | XXX | XXX | XXX |
Reece | XXX | XXX | XXX | XXX | XXX | XXX |
XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Watsco acquired XXX companies to date.
Last acquisition by Watsco was XXXXXXXX, XXXXX XXXXX XXXXXX . Watsco acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiplesAcquired Company | EV | EV/Revenue | EV/EBITDA |
---|---|---|---|
XXXXXXXXX | XXX | XXX | XXX |
XXXXXXXXX | XXX | XXX | XXX |
XXXXXXXXX | XXX | XXX | XXX |
XXXXXXXXX | XXX | XXX | XXX |
XXXXXXXXX | XXX | XXX | XXX |
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Sign UpWhen was Watsco founded? | Watsco was founded in 1956. |
Where is Watsco headquartered? | Watsco is headquartered in United States of America. |
How many employees does Watsco have? | As of today, Watsco has 7.3K+ employees. |
Who is the CEO of Watsco? | Watsco's CEO is Mr. Albert H. Nahmad. |
Is Watsco publicy listed? | Yes, Watsco is a public company listed on NYS. |
What is the stock symbol of Watsco? | Watsco trades under WSO ticker. |
When did Watsco go public? | Watsco went public in 1994. |
Who are competitors of Watsco? | Similar companies to Watsco include e.g. Ghitha Holding, Acomo, Sligro Food Group, Metcash. |
What is the current market cap of Watsco? | Watsco's current market cap is $20.8B |
What is the current revenue of Watsco? | Watsco's last 12-month revenue is $7.8B. |
What is the current EBITDA of Watsco? | Watsco's last 12-month EBITDA is $847M. |
What is the current EV/Revenue multiple of Watsco? | Current revenue multiple of Watsco is 2.6x. |
What is the current EV/EBITDA multiple of Watsco? | Current EBITDA multiple of Watsco is 24.1x. |
What is the current revenue growth of Watsco? | Watsco revenue growth between 2023 and 2024 was 5%. |
Is Watsco profitable? | Yes, Watsco is EBITDA-positive (as of the last 12 months). |
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