Watsco Cash Flow Statement
NYSE: WSO.BIndustrialsIndustrial DistributionUSD
At close: Sep 28, 9:30 AM ET · Delayed 15 min
Watsco free cash flow
In fiscal 2025, Watsco generated $569.6 million of operating cash flow and spent $34.5 million on capital expenditures. That left free cash flow of $535.1 million, a free-cash-flow margin of 7.4% of revenue. Free cash flow was down 28.0% from the prior year's $743.0 million.
Watsco returned $473.8 million to shareholders through dividends, equal to 89% of free cash flow. Free cash flow covered dividend payments 1.1 times.
Summary generated from market data by MetaCap's automated system. Methodology
Watsco cash flow statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 587.59M | 635.74M | 634.14M | 703.70M | 498.74M | 323.17M | 295.77M | 296.53M | 257.29M | 235.98M |
| Net Income growth (YoY) | -7.57% | +0.25% | -9.88% | +41.10% | +54.32% | +9.26% | -0.25% | +15.25% | +9.03% | +4.18% |
| Depreciation & Amortization | 43.75M | 40.82M | 35.09M | 31.68M | 28.13M | 25.91M | 24.51M | 22.09M | 22.03M | 20.07M |
| Stock-Based Compensation | 35.34M | 35.02M | 30.00M | 28.82M | 25.36M | 22.13M | 17.03M | 15.51M | 13.29M | 12.32M |
| Change in Working Capital | -107.67M | 70.53M | -133.46M | -198.02M | -191.25M | 170.31M | 5.67M | -165.18M | 24.88M | 7.06M |
| Operating Cash Flow | 569.61M | 773.10M | 561.95M | 571.96M | 349.57M | 534.38M | 335.77M | 170.56M | 306.52M | 281.73M |
| Capital Expenditures | -34.55M | -30.09M | -35.48M | -35.65M | -25.46M | -16.44M | -17.80M | -17.15M | -17.88M | -43.58M |
| Investing Cash Flow | -98.12M | -290.67M | -41.34M | -33.84M | -148.58M | -16.34M | -81.04M | -26.31M | -81.31M | -42.83M |
| Dividends Paid | -473.76M | -423.52M | -382.65M | -332.45M | -294.52M | -265.71M | -241.41M | -209.22M | -164.15M | -127.60M |
| Financing Cash Flow | -568.12M | -158.53M | -460.08M | -503.96M | -228.60M | -448.49M | -264.02M | -139.60M | -202.15M | -217.89M |
| Net Change in Cash | -92.99M | 316.16M | 62.61M | 29.24M | -27.80M | 71.61M | -8.44M | 2.40M | 24.49M | 20.78M |
| Free Cash Flow | 535.06M | 743.01M | 526.48M | 536.31M | 324.10M | 517.94M | 317.97M | 153.40M | 288.64M | 238.15M |
This table shows 10 annual periods of Watsco's cash flow statement, from FY 2025 back to FY 2016, across 12 line items including net income, depreciation & amortization, stock-based compensation. Values in USD; B = billions, M = millions. Fiscal periods follow WSO.B's reporting calendar. What is a cash flow statement?