Watsco annual net debt
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2025
Watsco Net Debt Growth & History (WSO)
Watsco's net debt was $391.2M for fiscal 2025.
View full Watsco company overviewWatsco annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $391.2M | $154.6M | +65.35% |
| 2024 | 2024-12-31 | $236.6M | −$230.3M | −49.32% |
| 2023 | 2023-12-31 | $466.9M | $51.6M | +12.43% |
| 2022 | 2022-12-31 | $415.3M | −$20.6M | −4.73% |
| 2021 | 2021-12-31 | $435.9M | $437.6M | — |
| 2020 | 2020-12-31 | −$1.7M | −$461.7M | — |
| 2019 | 2019-12-31 | $460.0M | $407.1M | +770.25% |
| 2018 | 2018-12-31 | $52.9M | $111.3M | — |
| 2017 | 2017-12-31 | −$58.4M | −$238.0M | — |
| 2016 | 2016-12-31 | $179.6M | −$31.1M | −14.77% |
| 2015 | 2015-12-31 | $210.8M | −$68.8M | −24.62% |
| 2014 | 2014-12-31 | $279.6M | $68.4M | +32.40% |
| 2013 | 2013-12-31 | $211.2M | −$31.2M | −12.89% |
| 2012 | 2012-12-31 | $242.4M | — | — |
| 2010 | 2010-12-31 | −$116.4M | −$71.9M | — |
| 2009 | 2009-12-31 | −$44.5M | — | — |
Watsco quarterly net debt
Q4.09
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Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $171.1M | $125.4M | +274.43% |
| Q1 2026 | 2026-03-31 | −$24.2M | $61.3M | — |
| Q4 2025 | 2025-12-31 | $391.2M | $154.6M | +65.35% |
| Q3 2025 | 2025-09-30 | $16.5M | −$10.2M | −38.19% |
| Q2 2025 | 2025-06-30 | $45.7M | −$36.6M | −44.46% |
| Q1 2025 | 2025-03-31 | −$85.5M | −$112.9M | — |
| Q4 2024 | 2024-12-31 | $236.6M | −$230.3M | −49.32% |
| Q3 2024 | 2024-09-30 | $26.6M | −$188.7M | −87.63% |
| Q2 2024 | 2024-06-30 | $82.3M | −$357.0M | −81.27% |
| Q1 2024 | 2024-03-31 | $27.4M | −$279.7M | −91.06% |
| Q4 2023 | 2023-12-31 | $466.9M | $51.6M | +12.43% |
| Q3 2023 | 2023-09-30 | $215.3M | $98.4M | +84.19% |
| Q2 2023 | 2023-06-30 | $439.3M | $141.2M | +47.36% |
| Q1 2023 | 2023-03-31 | $307.2M | −$60.5M | −16.46% |
| Q4 2022 | 2022-12-31 | $415.3M | −$20.6M | −4.73% |
| Q3 2022 | 2022-09-30 | $116.9M | $62.9M | +116.60% |
| Q2 2022 | 2022-06-30 | $298.1M | $89.6M | +42.99% |
| Q1 2022 | 2022-03-31 | $367.7M | $274.1M | +292.85% |
| Q4 2021 | 2021-12-31 | $435.9M | $437.6M | — |
| Q3 2021 | 2021-09-30 | $54.0M | −$6.7M | −11.10% |
| Q2 2021 | 2021-06-30 | $208.5M | −$62.1M | −22.94% |
| Q1 2021 | 2021-03-31 | $93.6M | −$317.5M | −77.24% |
| Q4 2020 | 2020-12-31 | −$1.7M | −$461.7M | — |
| Q3 2020 | 2020-09-30 | $60.7M | −$431.7M | −87.67% |
| Q2 2020 | 2020-06-30 | $270.5M | −$213.8M | −44.14% |
| Q1 2020 | 2020-03-31 | $411.1M | $40.5M | +10.92% |
| Q4 2019 | 2019-12-31 | $460.0M | $407.1M | +770.25% |
| Q3 2019 | 2019-09-30 | $492.4M | $559.9M | — |
| Q2 2019 | 2019-06-30 | $484.3M | $413.0M | +579.18% |
| Q1 2019 | 2019-03-31 | $370.7M | $337.5M | +1017.79% |
| Q4 2018 | 2018-12-31 | $52.9M | $111.3M | — |
| Q3 2018 | 2018-09-30 | −$67.4M | −$285.8M | — |
| Q2 2018 | 2018-06-30 | $71.3M | −$258.9M | −78.40% |
| Q1 2018 | 2018-03-31 | $33.2M | −$201.6M | −85.88% |
| Q4 2017 | 2017-12-31 | −$58.4M | −$238.0M | — |
| Q3 2017 | 2017-09-30 | $218.4M | $34.3M | +18.63% |
| Q2 2017 | 2017-06-30 | $330.2M | $92.0M | +38.60% |
| Q1 2017 | 2017-03-31 | $234.8M | $29.1M | +14.13% |
| Q4 2016 | 2016-12-31 | $179.6M | −$31.1M | −14.77% |
| Q3 2016 | 2016-09-30 | $184.1M | −$95.5M | −34.15% |
| Q2 2016 | 2016-06-30 | $238.2M | −$176.7M | −42.58% |
| Q1 2016 | 2016-03-31 | $205.7M | −$119.5M | −36.75% |
| Q4 2015 | 2015-12-31 | $210.8M | −$68.8M | −24.62% |
| Q3 2015 | 2015-09-30 | $279.5M | −$56.5M | −16.82% |
| Q2 2015 | 2015-06-30 | $414.9M | $82.2M | +24.71% |
| Q1 2015 | 2015-03-31 | $325.2M | $117.4M | +56.53% |
| Q4 2014 | 2014-12-31 | $279.6M | $68.4M | +32.40% |
| Q3 2014 | 2014-09-30 | $336.0M | $79.9M | +31.21% |
| Q2 2014 | 2014-06-30 | $332.7M | −$40.1M | −10.75% |
| Q1 2014 | 2014-03-31 | $207.8M | −$92.2M | −30.74% |
| Q4 2013 | 2013-12-31 | $211.2M | −$31.2M | −12.89% |
| Q3 2013 | 2013-09-30 | $256.1M | $99.9M | +63.93% |
| Q2 2013 | 2013-06-30 | $372.8M | $172.3M | +85.98% |
| Q1 2013 | 2013-03-31 | $300.0M | — | — |
| Q4 2012 | 2012-12-31 | $242.4M | — | — |
| Q3 2012 | 2012-09-30 | $156.2M | — | — |
| Q2 2012 | 2012-06-30 | $200.4M | — | — |
| Q1 2011 | 2011-03-31 | −$11.4M | — | — |
| Q4 2010 | 2010-12-31 | −$116.4M | −$71.9M | — |
| Q3 2010 | 2010-09-30 | −$77.1M | — | — |
| Q2 2010 | 2010-06-30 | −$67.0M | — | — |
| Q4 2009 | 2009-12-31 | −$44.5M | — | — |
Watsco net debt trends
Over the last five fiscal years, Watsco's net debt increased from −$1.7M to $391.2M, a change of $393.0M. The latest reported quarter, Q2 2026, shows $171.1M.
About the metric
What net debt means
Net debt compares a company’s interest-bearing debt with its cash and cash equivalents. Positive net debt means debt exceeds cash, while a negative value indicates the company has more cash than debt on this measure.
Calculation and source
How net debt is calculated
TickerStat calculates net debt as total interest-bearing debt minus cash and cash equivalents at the same reporting-period end. Short-term investments are not subtracted because they are not included in the standardized cash series. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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