Flagship explainer

How WATSCO INC makes its money

Start with a dollar of revenue and follow what the filing says remains.

revenueBranching filed flows with values and percentages directly labeled. Missing filing concepts are omitted rather than estimated.Revenue$7.2B · 100%Cost of revenue$5.2B · 72%Gross profit$2.0B · 28%Operating income$720M · 10%Income before tax$738M · 10%Income tax$150M · 2%Net income$497M · 7%As of 2025-12-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com

Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.

Table alternative
Filed lineValue% of revenueSource
$7.2B100%
Cost of revenue$5.2B72%
$2.0B28%
$720M10%
Income before tax$738M10%
Income tax$150M2%
$497M7%
Source: · event Dec 31, 2025 · retrieved Oct 16, 2026 · annual-row source set
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