The Bid & Ask

Quotations, Dispatches, and the Daily Tape

Thursday, August 13, 2026

Subject of the day

WSO

Concerning the House

Watsco, Inc., together with its subsidiaries, engages in the distribution of air conditioning, heating, and refrigeration equipment, and related parts and supplies in the United States, Canada, Latin America, and the Caribbean. It distributes equipment, including residential ducted and ductless air conditioners, such as gas, electric, and oil furnaces; commercial air conditioning and heating equipment systems; and other specialized equipment. The company also offers parts comprising replacement compressors, evaporator coils, motors, and other component parts; and supplies, such as thermostats, insulation materials, refrigerants, ductworks, grills, registers, sheet metals, tools, copper tubing, concrete pads, tapes, adhesives, and other ancillary supplies, as well as plumbing and bathroom remodeling supplies. It serves contractors and dealers that service the replacement and new construction markets for residential and light commercial central air conditioning, heating, and refrigeration systems. Watsco, Inc. was incorporated in 1956 and is headquartered in Miami, Florida.

United States · www.watsco.com

The Long Run

FY 2010–2025 · 16 years

LineLatestCAGRTrend
Revenue$7.28B+9.0%
Gross profit$1.99B+10.6%
Operating income$720.35M+14.2%
Net income$496.99M+17.7%
Cash from ops$561.95M+15.7%
Quotation

$311.60

+2.19 (+0.7%)

52w hi$452.97
52w lo$309.30
Vol286.70K
As ofAug 13
The Verdict

Hold

Our score -0.50

Short-0.55
Medium-0.52
Long-0.35

computed 2026-08-13

By the Numbers

Watsco, Inc.

Industrials · Industrial Distribution

Market cap$12.85B
Enterprise value$12.49B
Trailing P/E26.72x
Forward P/E23.27x
EV / EBITDA17.81x
P / S (ttm)1.76x
Profit margin6.5%
Return on equity16.7%
Revenue growth+2.1%
Earnings growth-11.7%
Debt / equity15.41
Risk Metrics
Beta vs SPX0.93
Corr SPX0.46
Annual vol33.1%
Annual ret-15.2%
Sharpe-0.46
Max DD-45.6%

Window: 504 trading days (504 obs)

Layer Breakdown
LayerRawContribution
Fundamental+0.13
Sector+0.07
Technical-0.33
Earnings+0.00
Sentiment+0.00

macro × 1.00 · 2026-08-13

Recent Sessions
DateOpenHighLowCloseVol
Aug 13$311.91$314.38$309.09$311.60286.70K
Aug 12$322.01$322.01$307.34$309.41824.10K
Aug 11$327.65$329.48$317.89$318.91471.40K
Aug 10$329.77$334.39$324.45$326.71328.20K
Aug 7$321.22$333.53$321.00$330.10566.70K