Watsco, Inc.

NYSE:WSO 株式レポート

時価総額：US$12.7b

Watsco 過去の業績

過去 基準チェック /26

Watscoは、平均年間3%の収益成長を遂げていますが、 Trade Distributors業界の収益は、年間 成長しています。収益は、平均年間5.4% 3.5%収益成長率で 成長しています。 Watscoの自己資本利益率は16.1%であり、純利益率は6.1%です。

主要情報

3.02%

収益成長率

1.31%

EPS成長率

Trade Distributors 業界の成長23.44%
収益成長率3.55%
株主資本利益率16.14%
ネット・マージン6.08%
前回の決算情報30 Jun 2026

最近の業績更新

分析記事 • May 16

Watsco's (NYSE:WSO) Weak Earnings May Only Reveal A Part Of The Whole Picture

Last week's earnings announcement from Watsco, Inc. ( NYSE:WSO ) was disappointing to investors, with a sluggish profit...

Recent updates

Seeking Alpha • Aug 05

Watsco: Transient Headwinds, Good Long Term Opportunity

Summary Watsco, Inc. (WSO) is rated a buy after a post-earnings pullback, with normalization post-A2L transition expected to drive recovery. Watsco's gross margin contraction is seen as transient, with mix improvement and pricing initiatives targeting medium-term margin expansion. Digital ecosystem adoption and underpenetrated high-margin parts/supplies sales provide a runway for market share gains and margin upside. Watsco offers a 4%+ dividend yield, double-digit EPS growth potential, and trades at a discount to industrial distribution peers. Read the full article on Seeking Alpha
ナラティブ更新 • Jul 31

WSO: Future Returns Will Reflect Margin Recovery And Seasonal Demand Support

Watsco's analyst price target has been revised lower by about $13 to reflect updated views on gross margin pressure following recent earnings, partly balanced by expectations that upcoming seasonal demand and prior equipment volume trends could support results. Analyst Commentary Recent research on Watsco highlights a mix of optimism on long term demand drivers and caution around near term execution, especially on pricing and margins.
ナラティブ更新 • Jul 15

WSO: Higher Rates And Housing Risk Will Balance Dividend And Expansion Potential

The analyst price target for Watsco has been revised from $370 to $385, reflecting updated views from recent research in which analysts highlight potential positive volume trends and pricing support over the coming years, while also noting that higher interest rates could limit how attractive the stock appears relative to its dividend yield. Analyst Commentary Recent research on Watsco presents a mixed picture, with some firms lifting price targets while keeping ratings neutral.
ナラティブ更新 • Jul 01

WSO: Higher Rates And Rich Multiple Will Pressure Dividend Appeal

The analyst fair value estimate for Watsco has increased from $362 to $370, as analysts factor in expectations for healthier volume trends, pricing support, and a higher assumed future P/E multiple. They also acknowledge that higher interest rates could weigh on housing activity and reduce the appeal of its dividend yield.
分析記事 • Jun 21

Watsco (WSO) Stock Could Be 5.3% Undervalued as Momentum Meets Valuation Questions

Recent trading in Watsco (WSO) has put the air conditioning and heating distributor back on investor watchlists, as the stock’s returns over the past month and past 3 months stand out in a mixed market. See our latest analysis for Watsco. At a share price of $401.04, Watsco’s recent momentum, including a 1 month share price return of 6.9% and 3 month share price return of 4.1%, contrasts with a 1 year total shareholder return that is down 2.0%, even though the 5 year total shareholder return...
ナラティブ更新 • Jun 17

WSO: Sunbelt Expansion And Dividend Yield Will Support Future P/E Rebound

Analysts held their fair value estimate for Watsco at $485.00 while updating assumptions around growth, margins, and future P/E, citing a mix of expected positive volume trends, ongoing price and mix support in 2027, and the potential for higher interest rates to weigh on housing activity and the appeal of the dividend yield. Analyst Commentary Recent Street research on Watsco highlights a split view, with some bullish analysts pointing to volume growth and pricing support, while others flag interest rates and housing activity as key watchpoints for the stock.
ナラティブ更新 • Jun 02

WSO: Pullback Will Set Up Fuller Future P/E And Dividend Appeal

Analysts have lifted their Watsco fair value estimate by $10 to $485, citing updated assumptions on revenue growth, profit margins, and future P/E that are consistent with recent price target increases and the view that the stock's recent pullback was an overreaction. Analyst Commentary Bullish analysts are pointing to the recent US$10 price target lift to US$485 as a signal that their core assumptions on revenue, margins, and future P/E still support upside from current levels, even after the stock's pullback.
分析記事 • May 16

Watsco's (NYSE:WSO) Weak Earnings May Only Reveal A Part Of The Whole Picture

Last week's earnings announcement from Watsco, Inc. ( NYSE:WSO ) was disappointing to investors, with a sluggish profit...
ナラティブ更新 • May 06

WSO: Future Returns Will Reflect Peer Multiple Support And Home Depot Risks

Analysts have nudged the Watsco price target higher by about $8 to roughly $424, citing updated assumptions for revenue growth, profit margins and peer valuations, even as they apply a slightly higher discount rate and a lower future P/E multiple. Analyst Commentary Recent Street research around Watsco centers on valuation resets and how the stock trades relative to peers, especially after updates around large retail partners.
ナラティブ更新 • Apr 21

WSO: Home Depot Deal Uncertainty Will Pressure Rich Dividend-Focused Sentiment

Analysts have raised their price targets on Watsco to a range of $400 to $425, reflecting updated assumptions on discount rates, modestly higher revenue growth, and slightly stronger profit margins, while some see the recent pullback as an overreaction to the Home Depot deal. Analyst Commentary Recent commentary around Watsco has centered on how the Home Depot agreement and shifting peer valuations filter into expectations for the stock.
ナラティブ更新 • Apr 06

WSO: Home Depot Partnership Reaction And Dividend Policy Will Shape Future Sentiment

Watsco's analyst price target has moved from an implied fair value of $335.92 to $362.00, as analysts factor in higher peer valuations, updated discount rates and P/E assumptions, and recent commentary that the 9% pullback following the Home Depot deal may have been an overreaction. Analyst Commentary Recent research has centered on how Watsco's valuation compares with peers and how to interpret the share move following the Home Depot partnership announcement.
ナラティブ更新 • Mar 23

WSO: Future Upside Will Emerge As Peer Multiple Support Strengthens

Analysts have lifted the Watsco price target by about $8, citing higher peer valuations and updated assumptions on growth, margins, discount rate, and future P/E as the main drivers of the change. Analyst Commentary Recent Street research on Watsco shows a mix of optimism and caution, with several price targets adjusted and ratings held at Neutral.
ナラティブ更新 • Mar 09

WSO: Peer Repricing And Higher Dividend Will Support Fuller Future P/E Multiple

Analysts have raised their price targets on Watsco to a range of about $400 to $425, citing higher peer valuations and updated assumptions on discount rate, revenue growth, profit margin and future P/E in their models. Analyst Commentary Recent research updates on Watsco highlight a mix of views, with some price targets raised into the $400 to $425 range and others trimmed.
ナラティブ更新 • Feb 23

WSO: Peer Repricing And Dividend Increase Will Support Fuller Future P/E Multiple

Narrative Update on Watsco Our analyst price target for Watsco has been revised to $475 from $450. This reflects updated assumptions on growth, margins, and future P/E in the context of recent Street price target moves, where analysts have adjusted their views while citing shifts in peer valuations.
ナラティブ更新 • Feb 09

WSO: Mixed Street Views Will Shape Future P/E And Margin Expectations

Narrative Update Overview The updated analyst price target for Watsco reflects offsetting moves, with one firm lifting its target by $10 and another cutting by $90, as analysts reassess the company’s revenue growth, margins, discount rate, and assumed future P/E multiple. Analyst Commentary Recent research on Watsco reflects a split view, with some bullish analysts focusing on upside potential while others lean more cautious.
ナラティブ更新 • Jan 25

WSO: Mixed Street Views Will Set Stage For Future Premium P/E

Analysts now set their fair value estimate for Watsco at $450, down $10 from $460. This reflects updated views on its long term P/E assumption, modest tweaks to revenue growth and margin forecasts, and the mixed shifts in recent price targets from firms on the Street.
ナラティブ更新 • Jan 11

WSO: Softer HVAC Surveys May Set Stage For Future Rebound

Analysts have trimmed their fair value estimate for Watsco to about $460 from around $550, citing softer HVAC survey readings that point to potential earnings pressure over the next couple of quarters and a less robust outlook for revenue growth and margins. At the same time, they are applying a higher discount rate and assuming a richer future P/E multiple.
ナラティブ更新 • Dec 26

WSO: Long-Term Upside Will Emerge As Southern Demand Headwinds Ease

Analysts modestly lowered their price target on Watsco to approximately $406.60 per share from prior expectations of stronger upside, citing softer HVAC demand, rising earnings risk over the next two quarters, and tighter profit margins, despite a slightly lower discount rate and a higher assumed future valuation multiple. Analyst Commentary Recent commentary from Street research has turned more cautious on Watsco, with sentiment shifting toward a wait and see stance ahead of upcoming quarterly results.
ナラティブ更新 • Dec 12

WSO: Long-Term Fundamentals Will Outweigh Near-Term Southern Demand And Earnings Pressures

Analysts have trimmed their price target on Watsco by about 1 percent, or roughly $2. This reflects a slightly higher discount rate and modestly lower fair value assumptions amid increased near term earnings risk.
ナラティブ更新 • Nov 28

WSO: Long-Term Fundamentals Will Offset Near-Term Demand Weakness In South

Analysts have lowered their fair value price target for Watsco from $415.60 to $408.90. This change is attributed to ongoing demand risks and softer earnings projections reflected in recent research updates.
分析記事 • Nov 11

Watsco, Inc. Just Missed Earnings - But Analysts Have Updated Their Models

Watsco, Inc. ( NYSE:WSO ) just released its latest quarterly report and things are not looking great. Results look to...
ナラティブ更新 • Nov 09

WSO: Market Position And Efficiency Initiatives Will Support Long-Term Upside

Analysts have lowered their price target for Watsco from $437.80 to $415.60. They cite concerns over softer HVAC demand and increased earnings risk in the coming quarters.
ナラティブ更新 • Oct 26

Earnings Risk And Weaker Demand Trends Will Shape Future Outlook

Analysts have lowered their price target for Watsco, reducing it from $445 to $437.80. They cite recent survey data that signals weaker demand and a more challenging near-term outlook for the company.
ナラティブ更新 • Oct 12

A2L Transition And HVAC Replacement Will Strengthen Future Prospects

Narrative Update on Watsco Price Target Analysts have lowered their price target for Watsco, reducing it from $450 to $425. They cite expectations of slower profit margin growth and slightly lower fair value estimates, even though there are improved revenue growth projections and a marginally lower discount rate.
分析記事 • Sep 29

Why You Should Care About Watsco's (NYSE:WSO) Strong Returns On Capital

If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
ナラティブ更新 • Sep 28

A2L Transition And HVAC Replacement Will Strengthen Future Prospects

The decrease in Watsco’s consensus analyst price target is primarily driven by a modest reduction in its future P/E multiple, with fair value now set at $453.40. Valuation Changes Summary of Valuation Changes for Watsco The Consensus Analyst Price Target has fallen slightly from $464.45 to $453.40.
ナラティブ更新 • Sep 13

A2L Transition And HVAC Replacement Will Strengthen Future Prospects

Watsco’s consensus Analyst Price Target saw a marginal decrease, reflecting minimal changes in both the company’s future P/E and discount rate, with fair value moving slightly from $468.64 to $464.45. What's in the News Watsco, Inc.
Seeking Alpha • Mar 07

Watsco Is Primed For A Growth Acceleration, And I'm Buying More

Summary Watsco's Q4 results were exceptional, with record sales, expanded margins, and new customer growth, signaling strong future growth potential. The company benefits from long-term tailwinds, regulatory changes, and a strong moat, making it well-positioned for sustained demand and continued market share gains. Watsco's dividend increase by 11% and robust free cash flow growth underscore its commitment to delivering shareholder value and confidence in future performance. Despite potential risks like tariffs and economic uncertainty, Watsco's strategic positioning and operating leverage make it a buy for long-term investors. Read the full article on Seeking Alpha
Seeking Alpha • Oct 31

Watsco: Primed For Market-Beating Returns Following Q3 Earnings

Summary Watsco reported mixed Q3 results, but sees a stabilizing HVAC equipment market and reason for optimism. The company expects pricing and volumes to increase due to new regulatory requirements. Watsco's moat is strong, and the company continues to take market share. The stock appears undervalued thanks to WSO's long-term free cash flow growth potential. I rate WSO as a buy. Read the full article on Seeking Alpha
Seeking Alpha • Sep 21

Watsco: Good Growth Prospects, But Premium Valuation Limits Upside

Summary Watsco, Inc. is poised for growth due to technology investments, e-commerce expansion, and favorable HVAC/R industry trends driven by regulatory mandates and tax credits. Despite near-term margin headwinds from A2L refrigerant transition, long-term margins should benefit from higher-efficiency products and SG&A cost management. The stock trades at a significant premium, suggesting growth prospects are already priced in, leading to a neutral rating. Read the full article on Seeking Alpha
Seeking Alpha • Jul 07

Watsco: Overoptimistic Margin Expectations

Summary Watsco is a market leader in the U.S. with a 12% market share with no disruption expected. Network effects create significant barriers to entry, and the industry will continue its consolidation into fewer distributors of HVAC products. The current CEO has led Watsco for 51 years and owns 11.2% of the company. Analyst estimates are too optimistic. Margins might decrease as inflation eases due to the first-in first-out accounting method used. I consider WSO stock to be overvalued by 23%, but will keep it in my watchlist due to its high quality. Read the full article on Seeking Alpha

収支内訳

Watsco の稼ぎ方とお金の使い方。LTMベースの直近の報告された収益に基づく。

収益と収入の歴史

NYSE:WSO 収益、費用、利益 ( )USD Millions
日付収益収益G+A経費研究開発費
30 Jun 267,2844431,3030
31 Mar 267,2414621,2930
31 Dec 257,2394641,2930
30 Sep 257,4144851,3020
30 Jun 257,5084941,2870
31 Mar 257,5844921,2690
31 Dec 247,6184991,2560
30 Sep 247,4684861,2350
30 Jun 247,4344851,2270
31 Mar 247,2984771,2080
31 Dec 237,2844991,1860
30 Sep 237,2625511,1780
30 Jun 237,1715351,1800
31 Mar 237,3015491,1920
31 Dec 227,2745501,1890
30 Sep 227,2054931,1830
30 Jun 226,9524781,1440
31 Mar 226,6684341,0950
31 Dec 216,2803821,0300
30 Sep 215,9233529540
30 Jun 215,6773218930
31 Mar 215,1832708200
31 Dec 205,0552468070
30 Sep 204,9732398040
30 Jun 204,8312187970
31 Mar 204,8472208000
31 Dec 194,7702267750
30 Sep 194,6892287600
30 Jun 194,5902247470
31 Mar 194,5512247370
31 Dec 184,5472237350
30 Sep 184,5202267240
30 Jun 184,4532137070
31 Mar 184,3961997020
31 Dec 174,3421916930
30 Sep 174,2911786840
30 Jun 174,3031776830
31 Mar 174,2411686770
31 Dec 164,2211686690
30 Sep 164,2111656680
30 Jun 164,1471616610
31 Mar 164,1561616580
31 Dec 154,1131596540
30 Sep 154,0861576490

質の高い収益: WSOは 高品質の収益 を持っています。

利益率の向上: WSOの現在の純利益率 (6.1%)は、昨年(6.6%)よりも低くなっています。

フリー・キャッシュフローと収益の比較

過去の収益成長分析

収益動向: WSOの収益は過去 5 年間で年間3%増加しました。

成長の加速: WSOは過去 1 年間の収益成長がマイナスであったため、5 年間の平均と比較することはできません。

収益対業界: WSOは過去 1 年間で収益成長率がマイナス ( -10.3% ) となったため、 Trade Distributors業界平均 ( 4.6% ) と比較することが困難です。

株主資本利益率

高いROE: WSOの 自己資本利益率 ( 16.1% ) は 低い とみなされます。

総資産利益率

使用総資本利益率

過去の好業績企業の発掘

7D

1Y

7D

1Y

7D

1Y

企業分析と財務データの現状

データ最終更新日（UTC時間）
企業分析2026/08/06 23:28
終値2026/08/06 00:00
収益2026/06/30
年間収益2025/12/31

データソース

企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。

パッケージデータタイムフレーム米国ソース例
会社財務10年
  • 損益計算書
  • キャッシュ・フロー計算書
  • 貸借対照表
アナリストのコンセンサス予想+プラス3年
  • 予想財務
  • アナリストの目標株価
市場価格30年
  • 株価
  • 配当、分割、措置
所有権10年
  • トップ株主
  • インサイダー取引
マネジメント10年
  • リーダーシップ・チーム
  • 取締役会
主な進展10年
  • 会社からのお知らせ

* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。

特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。

分析モデルとスノーフレーク

このレポートを生成するために使用した分析モデルの詳細は、当社のGitHubページでご覧いただけます。また、レポートの活用方法に関するガイドやYouTubeのチュートリアルも用意しています。

シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。

業界およびセクターの指標

私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。

アナリスト筋

Watsco, Inc. 14 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。29

アナリスト機関
David MantheyBaird
Scott DavisBarclays
Christopher DankertD.A. Davidson & Co.