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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 $7.8B
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 estimates| FY 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 data| EV | 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 comps| FY 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 comps| FY 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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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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Sign Up| 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 $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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