Watsco (WSO) Invested Capital (2009 - 2026)
Watsco's Invested Capital was $3.59 billion in Q2 2026, down 2.3% from $3.68 billion a year earlier and down 2.9% from the prior quarter.
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Analysis
Watsco (WSO) Invested Capital (2009 - 2026) Analysis & Trends
For FY2025, Invested Capital at Watsco came in at $3.7 billion, up 5.4% from FY2024.
- Invested Capital has now increased for five consecutive years, with a five-year compound annual growth rate of 13.1% (FY2020 to FY2025).
- In earlier years, Invested Capital was $3.51 billion in FY2024 (+16.2%), $3.02 billion in FY2023 (+14.5%), $2.64 billion in FY2022 (+11.5%) and $2.37 billion in FY2021 (+18.6%).
- The Q2 2026 figure marks the lowest quarterly Invested Capital since Q1 2025.
- Compared with a year earlier, Invested Capital was higher in seven of the last eight quarters, with growth averaging 6.9%.
- The best year-over-year quarter for Invested Capital over five years was Q1 2022 (growth of 28.6%); the worst was Q2 2026 (a decline of 2.3%).
- Per Business Quant data, WSO's Invested Capital in the three quarters before Q2 2026 was $3.7 billion (Q1 2026), $3.7 billion (Q4 2025) and $3.76 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | W.W. Grainger | 67.67 Bn | 65.03 Bn | 2.01 Bn | 7.42 Bn |
| 2 | United Rentals | 65.48 Bn | 64.60 Bn | 2.05 Bn | 24.37 Bn |
| 3 | Fastenal | 60.80 Bn | 59.80 Bn | 1.10 Bn | 4.25 Bn |
| 4 | Ferguson Enterprises | 45.51 Bn | 42.73 Bn | 2.32 Bn | 10.00 Bn |
| 5 | Sunbelt Rentals Holdings | 31.50 Bn | 31.38 Bn | 1.25 Bn | 16.00 Bn |
| 6 | Reliance | 21.26 Bn | 20.31 Bn | 1.45 Bn | 9.37 Bn |
| 7 | Wesco International | 14.25 Bn | 11.29 Bn | 1.57 Bn | 11.45 Bn |
| 8 | Watsco | 11.59 Bn | 9.28 Bn | 578.93 Mn | 3.59 Bn |
| 9 | Avantor | 10.49 Bn | 9.07 Bn | 534.80 Mn | 9.52 Bn |
| 10 | Applied Industrial Technologies | 10.39 Bn | 10.28 Bn | 392.21 Mn | 2.17 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 3.59 Bn |
| Mar 31, 2026 | 3.70 Bn |
| Dec 31, 2025 | 3.70 Bn |
| Sep 30, 2025 | 3.76 Bn |
| Jun 30, 2025 | 3.68 Bn |
| Mar 31, 2025 | 3.55 Bn |
| Dec 31, 2024 | 3.51 Bn |
| Sep 30, 2024 | 3.59 Bn |
| Jun 30, 2024 | 3.46 Bn |
| Mar 31, 2024 | 3.34 Bn |
| Dec 31, 2023 | 3.02 Bn |
| Sep 30, 2023 | 3.15 Bn |
| Jun 30, 2023 | 3.15 Bn |
| Mar 31, 2023 | 2.85 Bn |
| Dec 31, 2022 | 2.64 Bn |
| Sep 30, 2022 | 2.65 Bn |
| Jun 30, 2022 | 2.74 Bn |
| Mar 31, 2022 | 2.65 Bn |
| Dec 31, 2021 | 2.37 Bn |
| Sep 30, 2021 | 2.30 Bn |
API Access
Watsco Invested Capital API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=invested-capital&ticker=WSO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "ticker": "WSO", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=invested-capital&ticker=WSO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();