316.42
+3.97%
Close of 9 Nov 2026, in USD
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About Watsco
From its filings with the US Securities and Exchange Commission
Watsco is based in Coconut Grove, Florida and is incorporated in Florida. Its shares trade on NYSE under the ticker WSO. The SEC classifies its business as wholesale-hardware & plumbing & heating equipment & supplies. In the fiscal year to 31 December 2025, it reported revenue of $7.24bn and net income of $497.0m. At that date it held total assets of $4.41bn and shareholders' equity of $2.78bn. By region, UNITED STATES accounted for 90.6%, followed by Latin America and Caribbean [Member] at 4.8% and CANADA at 4.7%.
Watsco, Inc. and its subsidiaries (collectively, “Watsco,” the “Company”, or “we,” “us,” or “our”) was incorporated in Florida in 1956 and is the largest distributor of air conditioning, heating and refrigeration equipment and related parts and supplies (“HVAC/R”) in the HVAC/R distribution industry in North America. At December 31, 2025, we operated from 695 locations in 43 U.S. States, Canada, Mexico and Puerto Rico with additional market coverage on an export basis to portions of Latin America and the Caribbean, through which we serve more than 130,000 active contractors that service the replacement and new construction markets. Our revenues in HVAC/R distribution have increased from $64.1 million in 1989 to $7.2 billion in 2025, resulting from our strategic acquisition of companies with established market positions and subsequent building of revenues and profit through a combination of additional locations, introduction of new products, expansion with industry Original Equipment Manufacturers (“OEMs”) and vendors, technology innovation, and other initiatives.
The HVAC/R distribution industry is highly fragmented. According to data published in the November 2024 IBIS World Industry Report for Heating and Air Conditioning Wholesaling in the U.S., the HVAC/R distribution industry has more than 2,100 distribution companies with an aggregate estimated annual market size of $74.0 billion.
Quoted from its 10-K, filed 27 Feb 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Industrials
- Industry
- Trading Companies & Distributors
- Listed since
- 16 Jun 1994
- Employees
- 6,950
- Website
- watsco.com ↗
- Head office
- 2665 S BAYSHORE DR, COCONUT GROVE, FL, 33133
- Incorporated in
- FL
- Classification
- Wholesale-Hardware & Plumbing & Heating Equipment & Supplies
- Filer status
- Large accelerated filer
Leadership
Pay as last reported
- Mr. Albert NahmadChairman of the Board, Chief Executive Officer, since 1972$6.4m
- Mr. Aaron NahmadPresident, Co-Vice Chairman of the Board, since 2005$10.0m
- Mr. Cesar AlvarezIndependent Co-Vice Chairman of the Board$39,883
- Ms. Ana MenendezChief Financial Officer, Treasurer$358,625
- Mr. Barry LoganExecutive Vice President, Secretary, Director, since 1996$448,025
- Mr. J. Michael CusterLead Independent Director$10,000
- Ms. Valerie SchimelDirector$179,045
- Dr. Denise DickinsIndependent Director$25,000
- Ms. Ana Lopez-BlazquezIndependent Director$129,028
- Mr. Gary TapellaIndependent Director
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 44
- Environment
- 20
- Social
- 41
- Governance
- 71
- Women in the workforce
- 21%
- Carbon reduction policy
- No
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Watsco Inc has established itself as a prominent player in the HVAC (heating, ventilation, and air conditioning) industry, enjoying a strong market position.
- The company benefits from an extensive distribution network, allowing it to reach a large customer base efficiently and effectively.
- Watsco offers a wide range of HVAC products, giving it a competitive edge by catering to various customer needs and preferences.
Weaknesses
- Due to its dependence on the construction sector and consumer spending, Watsco may experience declines in demand during economic downturns.
- The company relies on suppliers for the procurement of HVAC products, which exposes it to potential supply chain disruptions and price fluctuations.
- While Watsco has a strong presence in certain geographical areas, its operations are concentrated, which can limit growth opportunities in untapped markets.
Opportunities
- As environmental concerns and energy regulations increase, there is a rising demand for energy-efficient HVAC products, which presents an opportunity for Watsco to expand its eco-friendly offerings.
- The HVAC industry is continuously evolving, with advancements in technologies such as IoT and smart home systems. Watsco can capitalize on these innovations to develop and market cutting-edge solutions.
- By diversifying its geographical presence and entering untapped markets, Watsco can extend its reach and tap into new customer segments, stimulating growth and increasing market share.
Threats
- The HVAC industry is highly competitive, with numerous players vying for market share. Watsco faces the risk of losing customers and market position to its competitors.
- Changes in government regulations regarding energy efficiency, environmental standards, and trade policies can impact Watsco's operations, requiring the company to adapt and comply with new requirements.
- Fluctuations in the economy, including interest rates and consumer purchasing power, can have adverse effects on Watsco's sales and profitability, making it vulnerable to economic uncertainties.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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