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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 $7.7B
LTM EBITDA $850M
$18.0B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Watsco has a last 12-month revenue (LTM) of $7.7B and a last 12-month EBITDA of $850M.
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 estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $7.7B | XXX | $7.6B | XXX | XXX | XXX |
| Gross Profit | $2.1B | XXX | $2.0B | XXX | XXX | XXX |
| Gross Margin | 27% | XXX | 27% | XXX | XXX | XXX |
| EBITDA | $850M | XXX | $792M | XXX | XXX | XXX |
| EBITDA Margin | 11% | XXX | 10% | XXX | XXX | XXX |
| EBIT | $800M | XXX | $751M | XXX | XXX | XXX |
| EBIT Margin | 10% | XXX | 10% | XXX | XXX | XXX |
| Net Profit | $517M | XXX | $536M | XXX | XXX | XXX |
| Net Margin | 7% | XXX | 7% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | n/a | XXX | XXX | XXX |
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As of May 30, 2025, Watsco's stock price is $444.
Watsco has current market cap of $18.0B, and EV of $18.0B.
See Watsco trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $18.0B | $18.0B | XXX | XXX | XXX | XXX | $13.68 |
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Start Free TrialAs of May 30, 2025, Watsco has market cap of $18.0B and EV of $18.0B.
Watsco's trades at 2.4x EV/Revenue multiple, and 22.8x EV/EBITDA.
Equity research analysts estimate Watsco's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Watsco has a P/E ratio of 34.8x.
See valuation multiples for Watsco and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $18.0B | XXX | $18.0B | XXX | XXX | XXX |
| EV (current) | $18.0B | XXX | $18.0B | XXX | XXX | XXX |
| EV/Revenue | 2.3x | XXX | 2.4x | XXX | XXX | XXX |
| EV/EBITDA | 21.2x | XXX | 22.8x | XXX | XXX | XXX |
| EV/EBIT | 22.5x | XXX | 24.0x | XXX | XXX | XXX |
| EV/Gross Profit | 8.6x | XXX | n/a | XXX | XXX | XXX |
| P/E | 34.8x | XXX | 33.6x | XXX | XXX | XXX |
| EV/FCF | 29.4x | XXX | 24.3x | 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.
Start Free TrialWatsco's last 12 month revenue growth is 5%
Watsco's revenue per employee in the last FY averaged $1.0M, while opex per employee averaged $0.2M for the same period.
Watsco's rule of 40 is 16% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Watsco's rule of X is 22% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for Watsco and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 5% | XXX | 5% | XXX | XXX | XXX |
| EBITDA Margin | 11% | XXX | 10% | XXX | XXX | XXX |
| EBITDA Growth | 9% | XXX | 4% | XXX | XXX | XXX |
| Rule of 40 | 16% | XXX | 15% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 22% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $1.0M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $0.2M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 17% | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 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 multiples| Acquired 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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Start Free Trial| When 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 $18.0B |
| What is the current revenue of Watsco? | Watsco's last 12 months revenue is $7.7B. |
| What is the current revenue growth of Watsco? | Watsco revenue growth (NTM/LTM) is 5%. |
| What is the current EV/Revenue multiple of Watsco? | Current revenue multiple of Watsco is 2.3x. |
| Is Watsco profitable? | Yes, Watsco is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Watsco? | Watsco's last 12 months EBITDA is $850M. |
| What is Watsco's EBITDA margin? | Watsco's last 12 months EBITDA margin is 11%. |
| What is the current EV/EBITDA multiple of Watsco? | Current EBITDA multiple of Watsco is 21.2x. |
| What is the current FCF of Watsco? | Watsco's last 12 months FCF is $614M. |
| What is Watsco's FCF margin? | Watsco's last 12 months FCF margin is 8%. |
| What is the current EV/FCF multiple of Watsco? | Current FCF multiple of Watsco is 29.4x. |
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