WATSCO INC【WSO】Income statement

Market cap

$12.2B

P/E ratio

	2010/12	2011/12	2012/12	2013/12	2014/12	2015/12	2016/12	2017/12	2018/12	2019/12	2020/12	2021/12	2022/12	2023/12	2024/12
Revenue	2,845	2,978	3,432	3,743	3,945	4,113	4,221	4,342	4,547	4,770	5,055	6,280	7,274	7,284	7,618
Revenue growth (%)	-
Cost of revenue	2,171	2,249	2,617	2,844	2,988	3,106	3,186	3,276	3,426	3,613	3,832	4,613	5,244	5,292	5,574
Gross profit	673	728	814	899	956	1,007	1,035	1,066	1,120	1,157	1,223	1,668	2,030	1,992	2,045
Gross margin (%)
Selling, general & administrative	508	529	589	628	651	671	689	716	757	800	833	1,058	1,221	1,224	1,293
Operating margin (%)
Operating income	166	199	225	271	306	337	346	354	372	367	401	629	832	795	782
Income before tax	162	195	220	265	301	331	342	348	369	363	400	628	829	790	803
Pretax margin (%)	5.7	6.5	6.4	7.1	7.6	8.1	8.1	8	8.1	7.6	7.9	10	11.4	10.8	10.5
Provision for income taxes	50	57	63	78	92	105	106	90	73	67	77	129	126	156	167
Effective tax rate (%)
Net income	112	138	158	188	209	227	236	257	297	296	323	499	704	634	636
Net income margin (%)
Earnings per share	2.49	2.75	2.7	3.69	4.33	4.91	5.16	5.81	6.5	6.51	7.03	10.83	15.46	13.72	13.34
Diluted EPS	2.49	2.74	2.7	3.68	4.32	4.9	5.15	5.81	6.49	6.5	7.01	10.78	15.41	13.67	13.3
Dividend payout ratio (%)
Dividend per share	2.04	2.23	7.48	1.15	2	2.8	3.6	4.6	5.6	6.4	6.92	7.63	8.55	9.8	10.55
EBITDA
EBITDA margin (%)