Watsco reported record third-quarter revenue of $2.22 billion, up 7%, helped by acquisitions, but diluted earnings per share fell 5% to $3.77 as gross margin and operating income declined. For the nine months, revenue rose 3% while earnings per share fell 7% to $9.72, and the company said residential unit volumes returned to growth.
Q3 operating income fell 4% to $225 million; operating margin was 10.1% versus 11.4% a year earlier
Q3 gross profit margin was 26.4% versus 27.5% last year; same-store sales rose 4%
Nine-month operating cash flow rose 79% to $304 million
Acquisitions of Jackson Supply (June 2026) and The Granite Group (October 2026) add 107 locations and $730 million in annualized revenue
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.
From Watsco's 10-Q and 10-K filings (SEC XBRL). YoY compares each quarter with the same quarter a year earlier; it is blank when the year-ago figure is missing or negative.
Annual results
Fiscal year
Revenue
Growth
EPS (diluted)
Growth
Net margin
FY2025
$7.24B
-5.0%
$12.25
-7.9%
6.9%
FY2024
$7.62B
+4.6%
$13.30
-2.7%
7.0%
FY2023
$7.28B
+0.1%
$13.67
-11.3%
7.4%
FY2022
$7.27B
+15.8%
$15.41
+42.9%
8.3%
FY2021
$6.28B
+24.2%
$10.78
+53.8%
6.7%
Frequently asked questions
When is Watsco's next earnings date?
Watsco has not announced a report date within the next three weeks. US companies usually report three to six weeks after each quarter ends; this page updates as soon as the date is on the calendar.
What did Watsco earn last quarter?
For the quarter ended Sep 2026, Watsco reported diluted EPS of $3.77 (-5.3% year over year) on revenue of $2.22B (+7.4%).
Where do these numbers come from?
Reported revenue, net income and EPS come from the company's own 10-Q and 10-K filings with the SEC (XBRL data). The report date and consensus estimate come from the Nasdaq earnings calendar.
Not investment advice. Figures can be restated by the company in later filings.