Watsco (WSO) Operating Income (2009 - 2026)
Watsco (WSO) recorded Operating Income of $238.37 million in Q2 2026, down 12.3% from $271.87 million a year earlier but up 116.3% from the prior quarter.
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Analysis
Watsco (WSO) Operating Income (2009 - 2026) Analysis & Trends
On a TTM basis, Watsco's Operating Income came in at $684.85 million as of Jun 30, 2026, down 11.1% year-over-year; for FY2025, it was $720.35 million, down 7.9% from FY2024.
- Annual Operating Income has declined for three straight years, though with a five-year compound annual growth rate of 12.4% (FY2020 to FY2025).
- Across earlier years, Operating Income came in at $781.78 million in FY2024 (-1.6%), $794.81 million in FY2023 (-4.4%), $831.58 million in FY2022 (+32.3%) and $628.53 million in FY2021 (+56.7%).
- Quarterly Operating Income has ranged from $101.53 million in Q4 2025 to $287.1 million in Q2 2022 over the past five years.
- On a year-over-year basis, Operating Income has declined for four consecutive quarters, with an average decline of 4.0% over the last eight quarters.
- Peak year-over-year performance for Operating Income in the last five years was growth of 108.9% in Q1 2022, against a decline of 25.5% in Q4 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at $110.18 million (Q1 2026), $101.53 million (Q4 2025) and $234.76 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | W.W. Grainger | 58.83 Bn | 56.81 Bn | 1.98 Bn | 807.00 Mn |
| 2 | Fastenal | 57.33 Bn | 56.25 Bn | 1.06 Bn | 501.80 Mn |
| 3 | Ferguson Enterprises | 43.46 Bn | 40.68 Bn | 2.32 Bn | 612.00 Mn |
| 4 | Sunbelt Rentals Holdings | 30.25 Bn | 30.13 Bn | 1.25 Bn | 691.00 Mn |
| 5 | Reliance | 19.78 Bn | 18.82 Bn | 1.30 Bn | 441.60 Mn |
| 6 | Wesco International | 17.79 Bn | 15.10 Bn | 1.46 Bn | 382.20 Mn |
| 7 | Applied Industrial Technologies | 12.37 Bn | 12.24 Bn | 411.22 Mn | 159.31 Mn |
| 8 | Watsco | 10.71 Bn | 8.87 Bn | 578.93 Mn | 238.37 Mn |
| 9 | Avantor | 10.31 Bn | 9.11 Bn | 537.00 Mn | 121.80 Mn |
| 10 | Core & Main | 7.69 Bn | 6.99 Bn | 573.00 Mn | 227.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 238.37 Mn |
| Mar 31, 2026 | 110.18 Mn |
| Dec 31, 2025 | 101.53 Mn |
| Sep 30, 2025 | 234.76 Mn |
| Jun 30, 2025 | 271.87 Mn |
| Mar 31, 2025 | 112.19 Mn |
| Dec 31, 2024 | 136.19 Mn |
| Sep 30, 2024 | 250.25 Mn |
| Jun 30, 2024 | 268.80 Mn |
| Mar 31, 2024 | 126.54 Mn |
| Dec 31, 2023 | 107.75 Mn |
| Sep 30, 2023 | 256.62 Mn |
| Jun 30, 2023 | 265.71 Mn |
| Mar 31, 2023 | 164.74 Mn |
| Dec 31, 2022 | 137.18 Mn |
| Sep 30, 2022 | 236.25 Mn |
| Jun 30, 2022 | 287.10 Mn |
| Mar 31, 2022 | 171.05 Mn |
| Dec 31, 2021 | 123.07 Mn |
| Sep 30, 2021 | 206.80 Mn |
API Access
Watsco Operating Income 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=operating-income&ticker=WSO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-income", "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=operating-income&ticker=WSO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();