Watsco annual free cash flow
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2025
Watsco Free Cash Flow (FCF) History (WSO)
Watsco reported $535.1M in free cash flow for fiscal 2025, a decrease of 27.99% from the previous fiscal year, with a free cash flow margin of 7.39%.
View full Watsco company overviewWatsco free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | $535.1M | −$207.9M | −27.99% | +7.39% |
| 2024 | 2024-12-31 | $743.0M | $216.5M | +41.13% | +9.75% |
| 2023 | 2023-12-31 | $526.5M | −$9.8M | −1.83% | +7.23% |
| 2022 | 2022-12-31 | $536.3M | $212.2M | +65.48% | +7.37% |
| 2021 | 2021-12-31 | $324.1M | −$193.8M | −37.43% | +5.16% |
| 2020 | 2020-12-31 | $517.9M | $200.0M | +62.89% | +10.25% |
| 2019 | 2019-12-31 | $318.0M | $164.6M | +107.27% | +6.67% |
| 2018 | 2018-12-31 | $153.4M | −$135.2M | −46.85% | +3.37% |
| 2017 | 2017-12-31 | $288.6M | $50.5M | +21.20% | +6.65% |
| 2016 | 2016-12-31 | $238.2M | $39.0M | +19.59% | +5.64% |
| 2015 | 2015-12-31 | $199.2M | $75.7M | +61.30% | +4.84% |
| 2014 | 2014-12-31 | $123.5M | −$12.2M | −9.01% | +3.13% |
| 2013 | 2013-12-31 | $135.7M | −$25.3M | −15.73% | +3.62% |
| 2012 | 2012-12-31 | $161.0M | $113.5M | +238.81% | +4.69% |
| 2011 | 2011-12-31 | $47.5M | −$96.9M | −67.08% | +1.60% |
| 2010 | 2010-12-31 | $144.4M | $62.0M | +75.27% | +5.08% |
| 2009 | 2009-12-31 | $82.4M | −$27.1M | −24.77% | +4.12% |
| 2008 | 2008-12-31 | $109.5M | — | — | +6.44% |
Watsco quarterly free cash flow
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Q2.26
| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | −$11.5M | $2.8M | — | −0.55% |
| Q1 2026 | 2026-03-31 | −$25.9M | $159.3M | — | −1.69% |
| Q4 2025 | 2025-12-31 | $388.5M | $17.6M | +4.75% | +24.61% |
| Q3 2025 | 2025-09-30 | $346.1M | $123.1M | +55.21% | +16.74% |
| Q2 2025 | 2025-06-30 | −$14.3M | −$65.6M | — | −0.69% |
| Q1 2025 | 2025-03-31 | −$185.2M | −$283.0M | — | −12.10% |
| Q4 2024 | 2024-12-31 | $370.9M | $82.2M | +28.49% | +21.14% |
| Q3 2024 | 2024-09-30 | $223.0M | −$119.9M | −34.97% | +10.32% |
| Q2 2024 | 2024-06-30 | $51.3M | $101.4M | — | +2.40% |
| Q1 2024 | 2024-03-31 | $97.9M | $152.8M | — | +6.25% |
| Q4 2023 | 2023-12-31 | $288.6M | $84.7M | +41.52% | +18.00% |
| Q3 2023 | 2023-09-30 | $342.9M | $64.6M | +23.22% | +16.12% |
| Q2 2023 | 2023-06-30 | −$50.1M | −$214.2M | — | −2.50% |
| Q1 2023 | 2023-03-31 | −$54.9M | $55.0M | — | −3.54% |
| Q4 2022 | 2022-12-31 | $204.0M | $182.8M | +862.07% | +12.90% |
| Q3 2022 | 2022-09-30 | $278.2M | $46.2M | +19.91% | +13.67% |
| Q2 2022 | 2022-06-30 | $164.1M | $50.6M | +44.63% | +7.69% |
| Q1 2022 | 2022-03-31 | −$109.9M | −$67.4M | — | −7.22% |
| Q4 2021 | 2021-12-31 | $21.2M | −$135.6M | −86.48% | +1.40% |
| Q3 2021 | 2021-09-30 | $232.0M | $124.1M | +114.97% | +13.02% |
| Q2 2021 | 2021-06-30 | $113.4M | −$101.8M | −47.29% | +6.13% |
| Q1 2021 | 2021-03-31 | −$42.6M | −$80.6M | — | −3.75% |
| Q4 2020 | 2020-12-31 | $156.8M | $22.3M | +16.61% | +13.58% |
| Q3 2020 | 2020-09-30 | $107.9M | −$16.3M | −13.15% | +7.02% |
| Q2 2020 | 2020-06-30 | $215.2M | $204.8M | +1960.46% | +15.88% |
| Q1 2020 | 2020-03-31 | $38.0M | −$10.8M | −22.14% | +3.77% |
| Q4 2019 | 2019-12-31 | $134.4M | $38.2M | +39.70% | +12.54% |
| Q3 2019 | 2019-09-30 | $124.3M | $39.0M | +45.78% | +8.91% |
| Q2 2019 | 2019-06-30 | $10.4M | −$6.6M | −38.65% | +0.76% |
| Q1 2019 | 2019-03-31 | $48.8M | $93.9M | — | +5.24% |
| Q4 2018 | 2018-12-31 | $96.2M | −$19.6M | −16.94% | +9.71% |
| Q3 2018 | 2018-09-30 | $85.2M | −$65.6M | −43.49% | +6.58% |
| Q2 2018 | 2018-06-30 | $17.0M | $25.3M | — | +1.28% |
| Q1 2018 | 2018-03-31 | −$45.1M | −$75.3M | — | −4.87% |
| Q4 2017 | 2017-12-31 | $115.9M | $15.0M | +14.90% | +12.01% |
| Q3 2017 | 2017-09-30 | $150.9M | $49.9M | +49.36% | +12.27% |
| Q2 2017 | 2017-06-30 | −$8.2M | −$5.4M | — | −0.65% |
| Q1 2017 | 2017-03-31 | $30.2M | −$8.9M | −22.86% | +3.46% |
| Q4 2016 | 2016-12-31 | $100.8M | −$19.1M | −15.95% | +11.04% |
| Q3 2016 | 2016-09-30 | $101.0M | −$66.9M | −39.86% | +8.14% |
| Q2 2016 | 2016-06-30 | −$2.8M | $66.1M | — | −0.23% |
| Q1 2016 | 2016-03-31 | $39.1M | $59.0M | — | +4.59% |
| Q4 2015 | 2015-12-31 | $120.0M | $29.0M | +31.88% | +13.28% |
| Q3 2015 | 2015-09-30 | $167.9M | $64.4M | +62.26% | +14.27% |
| Q2 2015 | 2015-06-30 | −$68.9M | $25.3M | — | −5.63% |
| Q1 2015 | 2015-03-31 | −$19.9M | −$43.1M | — | −2.46% |
| Q4 2014 | 2014-12-31 | $91.0M | −$4.4M | −4.65% | +10.38% |
| Q3 2014 | 2014-09-30 | $103.5M | −$20.6M | −16.63% | +9.12% |
| Q2 2014 | 2014-06-30 | −$94.2M | −$30.9M | — | −8.05% |
| Q1 2014 | 2014-03-31 | $23.2M | $43.7M | — | +3.04% |
| Q4 2013 | 2013-12-31 | $95.4M | −$10.4M | −9.82% | +11.53% |
| Q3 2013 | 2013-09-30 | $124.1M | $2.4M | +1.96% | +11.47% |
| Q2 2013 | 2013-06-30 | −$63.3M | $8.8M | — | −5.65% |
| Q1 2013 | 2013-03-31 | −$20.6M | −$26.1M | — | −2.88% |
| Q4 2012 | 2012-12-31 | $105.8M | −$9.6M | −8.32% | +13.82% |
| Q3 2012 | 2012-09-30 | $121.7M | $141.7M | — | +11.93% |
| Q2 2012 | 2012-06-30 | −$72.1M | −$70.8M | — | −7.13% |
| Q1 2012 | 2012-03-31 | $5.6M | $52.2M | — | +0.88% |
| Q4 2011 | 2011-12-31 | $115.4M | $62.2M | +116.84% | +17.87% |
| Q3 2011 | 2011-09-30 | −$19.9M | −$58.1M | — | −2.18% |
| Q2 2011 | 2011-06-30 | −$1.3M | −$61.9M | — | −0.15% |
| Q1 2011 | 2011-03-31 | −$46.6M | −$39.1M | — | −8.72% |
| Q4 2010 | 2010-12-31 | $53.2M | $44.9M | +540.08% | +8.10% |
| Q3 2010 | 2010-09-30 | $38.2M | — | — | +4.70% |
| Q2 2010 | 2010-06-30 | $60.5M | — | — | +7.00% |
| Q1 2010 | 2010-03-31 | −$7.5M | — | — | −1.48% |
| Q3 2009 | 2009-09-30 | $8.3M | — | — | +1.12% |
Watsco free cash flow growth trends
Over the last five reported fiscal years, free cash flow grew from $517.9M to $535.1M, a compound annual growth rate of 0.65%. Watsco's latest reported quarter, Q2 2026, generated −$11.5M in free cash flow, an increase of $2.8M year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as SEC-reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review Watsco filings at SEC.gov ↗