Watsco 2025 EPS falls to $12.25 as revenue drops 5%; dividend raised 10% to $13.20
Watsco reported full-year 2025 revenue of $7.24 billion, down 5%, and diluted earnings per share of $12.25 versus $13.30 in 2024. Fourth-quarter revenue fell 10% to $1.58 billion and quarterly EPS was $1.68 versus $2.37. The board also approved a 10% increase in the annual dividend to $13.20 per share, payable starting with the April 2026 payment.
Key points
- Full-year 2025 revenue $7.24 billion, down 5%; operating income $720 million, down 8%
- Full-year gross profit margin rose to a record 28.0%, up 120 basis points
- Fourth-quarter EPS $1.68 versus $2.37 a year earlier; operating cash flow for the quarter was a record $400 million
- Annual dividend raised 10% to $13.20 per share, reflected in the April 2026 payment
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:12 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 17, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.