WC3 Income Statement - TTM - Watsco, Inc.

Income Statement (TTM)

Watsco, Inc. Income Statement shows changes in income and expenses over a period of time. Income Statement data includes Sales and Revenue, Gross Profit, Research and Development (R&D), Selling, General and Administrative Expense (SG&A), Operating Income, Income Tax Expense, Interest Expense, Non-Operating Income, Earnings per Share (EPS), and Shares Outstanding.

All numbers are times 1,000,000 except per share units.

	2020 09-30	2020 12-31	2021 03-31	2021 06-30	2021 09-30	2021 12-31	2022 03-31	2022 06-30	2022 09-30	2022 12-31	2023 03-31	2023 06-30	2023 09-30	2023 12-31	2024 03-31	2024 06-30	2024 09-30	2024 12-31	2025 03-31	2025 06-30
Revenue	4,973	5,055	5,183	5,677	5,923	6,280	6,668	6,952	7,205	7,274	7,301	7,171	7,262	7,284	7,298	7,434	7,468	7,618	7,584	7,508
Change (%)		1.66	2.53	9.54	4.33	6.03	6.17	4.26	3.64	0.96	0.37	-1.79	1.27	0.30	0.20	1.87	0.45	2.02	-0.45	-1.01
% of Revenue	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00

Cost Of Sales	3,771	3,832	3,913	4,248	4,385	4,613	4,845	5,011	5,196	5,244	5,273	5,176	5,251	5,292	5,324	5,443	5,477	5,574	5,541	5,440
Change (%)		1.61	2.11	8.57	3.22	5.18	5.03	3.44	3.69	0.92	0.56	-1.85	1.45	0.78	0.60	2.24	0.62	1.77	-0.59	-1.82
% of Revenue	75.85	75.81	75.50	74.83	74.04	73.45	72.66	72.08	72.12	72.09	72.22	72.18	72.30	72.65	72.94	73.21	73.34	73.16	73.05	72.46

Gross Operating Profit	1,201	1,223	1,270	1,429	1,538	1,668	1,823	1,941	2,009	2,030	2,028	1,995	2,011	1,992	1,975	1,992	1,991	2,045	2,044	2,067
Change (%)		1.81	3.86	12.50	7.62	8.45	9.33	6.45	3.51	1.07	-0.11	-1.62	0.81	-0.95	-0.88	0.87	-0.04	2.70	-0.05	1.16
% of Revenue	24.15	24.19	24.50	25.17	25.96	26.55	27.34	27.92	27.88	27.91	27.78	27.82	27.70	27.35	27.06	26.79	26.66	26.84	26.95	27.54

SG&A	804	807	820	893	954	1,030	1,095	1,144	1,183	1,189	1,192	1,180	1,178	1,186	1,208	1,227	1,235	1,256	1,269	1,287
Change (%)		0.27	1.66	8.87	6.88	7.93	6.35	4.40	3.44	0.49	0.31	-1.02	-0.16	0.62	1.92	1.51	0.67	1.70	1.04	1.39
% of Revenue	16.18	15.96	15.82	15.73	16.11	16.40	16.43	16.45	16.42	16.34	16.33	16.46	16.23	16.28	16.56	16.50	16.54	16.48	16.73	17.14

R&D
Change (%)
% of Revenue

OpEx	4,600	4,665	4,759	5,167	5,366	5,671	5,968	6,183	6,407	6,465	6,497	6,387	6,461	6,512	6,567	6,704	6,746	6,870	6,850	6,767
Change (%)		1.40	2.02	8.58	3.84	5.69	5.24	3.60	3.63	0.89	0.51	-1.69	1.14	0.80	0.84	2.09	0.63	1.84	-0.29	-1.21
% of Revenue	92.52	92.28	91.82	91.02	90.59	90.30	89.51	88.94	88.93	88.87	88.99	89.08	88.97	89.41	89.98	90.18	90.34	90.18	90.32	90.14

Operating Income	372	390	424	510	558	609	700	769	798	810	804	783	801	771	731	730	721	748	734	740
Change (%)		4.87	8.66	20.28	9.31	9.32	14.79	9.92	3.75	1.51	-0.72	-2.58	2.30	-3.73	-5.22	-0.16	-1.22	3.74	-1.88	0.83
% of Revenue	7.48	7.72	8.18	8.98	9.41	9.70	10.49	11.06	11.07	11.13	11.01	10.92	11.03	10.59	10.02	9.82	9.66	9.82	9.68	9.86

Interest Expense	-2	-1	-1	-1	-1	-1	-1	-2	-2	-2	-2	-5	-6	-5	-4	-1
Change (%)		-30.82	-56.66	30.73	16.10	22.21	47.19	45.16	12.31	-9.41	2.63	103.74	31.08	-17.09	-12.50	-79.33
% of Revenue	-0.04	-0.02	-0.01	-0.01	-0.01	-0.02	-0.02	-0.03	-0.03	-0.03	-0.03	-0.06	-0.08	-0.07	-0.06	-0.01

Net Income	261	270	294	352	386	419	477	526	542	601	598	578	591	536	513	522	522	536	529	532
Change (%)		3.35	9.12	19.55	9.77	8.52	13.89	10.16	3.19	10.84	-0.54	-3.31	2.30	-9.32	-4.30	1.68	0.01	2.74	-1.29	0.42
% of Revenue	5.25	5.33	5.68	6.19	6.52	6.67	7.16	7.56	7.53	8.26	8.19	8.06	8.14	7.36	7.03	7.02	6.99	7.04	6.98	7.08

Source: Capital IQ

Watsco, Inc. - Income Statement (TTM)

Income Statement (TTM)

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MX:WSO
US:WSO	408,98 US$