Watsco (WSO) Invested Capital (2009 - 2026)
Watsco's (WSO) quarterly Invested Capital came in at $2.9 billion in Q1 2026, down 10.04% year-on-year from $3.2 billion in Q1 2025, and down 11.06% quarter-over-quarter from $3.2 billion in Q4 2025.
Watsco (WSO) Invested Capital (2009 - 2026) Analysis & Trends
Watsco has disclosed Invested Capital across 18 years of filings, most recently posting $2.9 billion for Q1 2026.
- Invested Capital for Q1 2026 came in at $2.9 billion, down 10.04% year-over-year; the trailing twelve-month figure through Mar 2026 was $2.9 billion (down 10.04% YoY), and the FY2025 annual result was $3.2 billion, up 4.92% from the prior year.
- Invested Capital came in at $2.9 billion for Q1 2026 at Watsco, down from $3.2 billion in the prior quarter.
- In the past five years, Invested Capital ranged from a high of $3.4 billion in Q3 2025 to a low of $2.2 billion in Q1 2022.
- The 5-year median for Invested Capital is $2.9 billion (2026), against an average of $2.8 billion.
- Across the five-year window, Invested Capital advanced 28.41% in 2024 and decreased 10.04% in 2026, its largest moves.
- Watsco's Invested Capital stood at $2.3 billion in 2022, then increased by 16.35% to $2.6 billion in 2023, then rose by 17.2% to $3.1 billion in 2024, then gained by 4.92% to $3.2 billion in 2025, then slipped by 11.06% to $2.9 billion in 2026.
- The last three Invested Capital figures came in at $2.9 billion (Q1 2026), $3.2 billion (Q4 2025), and $3.4 billion (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | W.W. Grainger | 63.64 Bn | 63.46 Bn | 1.75 Bn | 6.63 Bn |
| 2 | Fastenal | 53.18 Bn | 52.87 Bn | 982.90 Mn | 4.11 Bn |
| 3 | Ferguson Enterprises | 45.51 Bn | 44.69 Bn | 2.32 Bn | 6.17 Bn |
| 4 | Wesco International | 17.33 Bn | 16.62 Bn | 1.29 Bn | 5.35 Bn |
| 5 | Watsco | 14.65 Bn | 14.51 Bn | 427.56 Mn | 2.88 Bn |
| 6 | Qxo | 12.24 Bn | 9.19 Bn | 409.30 Mn | 13.22 Bn |
| 7 | Applied Industrial Technologies | 11.99 Bn | 11.82 Bn | 380.80 Mn | 1.88 Bn |
| 8 | Core & Main | 9.98 Bn | 9.84 Bn | 428.00 Mn | 2.10 Bn |
| 9 | Pool | 7.00 Bn | 6.92 Bn | 329.87 Mn | 1.15 Bn |
| 10 | Msc Industrial Direct | 6.54 Bn | 6.49 Bn | 377.59 Mn | 1.90 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 2.88 Bn |
| Dec 31, 2025 | 3.24 Bn |
| Sep 30, 2025 | 3.42 Bn |
| Jun 30, 2025 | 3.34 Bn |
| Mar 31, 2025 | 3.20 Bn |
| Dec 31, 2024 | 3.09 Bn |
| Sep 30, 2024 | 3.27 Bn |
| Jun 30, 2024 | 3.15 Bn |
| Mar 31, 2024 | 3.03 Bn |
| Dec 31, 2023 | 2.63 Bn |
| Sep 30, 2023 | 2.76 Bn |
| Jun 30, 2023 | 2.45 Bn |
| Mar 31, 2023 | 2.40 Bn |
| Dec 31, 2022 | 2.26 Bn |
| Sep 30, 2022 | 2.41 Bn |
| Jun 30, 2022 | 2.31 Bn |
| Mar 31, 2022 | 2.17 Bn |
| Dec 31, 2021 | 2.01 Bn |
| Sep 30, 2021 | 2.10 Bn |
| Jun 30, 2021 | 2.01 Bn |