Watsco, Inc. / Fundamentals

    Income statement

    Net revenue
    €6.44B
    Cost of goods sold
    €4.67B
    Gross profit
    €1.77B
    SG&A expenses
    €1.12B
    R&D expenses
    €0.00
    EBITDA
    €667.97M
    D&A
    €17.96M
    EBIT
    €654.75M
    Interest expenses
    €0.00
    EBT
    €679.30M
    Tax expenses
    €156.09M
    Net income
    €456.07M

    Cash flow statement

    Net deferred tax
    -€2.86M
    Non-cash items
    -€11.84M
    Changes in working capital
    -€76.73M
    Operating cash flow
    €366.00M
    Capex
    €15.30M
    Other investing cash flow
    -€11.73M
    Net investing cash flow
    €127.75M
    Total cash dividends paid
    -€384.77M
    Issuance of common stock
    €23.34M
    Debt repayment
    -€2.68M
    Other financing cash flow
    -€25.54M
    Net financing cash flow
    -€434.64M
    Foreign exchange effects
    -€661.52K
    Net change in cash
    -€113.15M
    Cash at end of period
    €251.38M
    Free cash flow
    €381.29M

    Balance sheet

    Cash and cash equivalents
    €251.38M
    Cash and short-term investments
    €251.38M
    Total receivables
    €871.50M
    Inventory
    €1.68B
    Other current assets
    €32.74M
    Total current assets
    €2.83B
    Property, plant & equipment
    €483.22M
    Goodwill
    €399.97M
    Intangible assets
    €180.00M
    Long-term investments
    €152.61M
    Other non-current assets
    €10.96M
    Total non-current assets
    €1.23B
    Total assets
    €4.06B
    Accounts payable
    €581.82M
    Short-term debt
    €99.03M
    Other current liabilities
    €238.00M
    Total current liabilities
    €918.85M
    Long-term debt
    €290.58M
    Deferred tax liabilities
    €0.00
    Other non-current liabilities
    €84.18M
    Total non-current liabilities
    €374.76M
    Total liabilities
    €1.29B
    Common stock
    €19.13M
    Retained earnings
    €1.14B
    Other equity
    -€42.36M
    Total equity
    €2.76B
    Total liabilities and shareholders' equity
    €4.06B

    Company information

    Market capitalization
    €14.64B
    Employees
    7.2K
    Enterprise Value
    €18.17B

    Company ratios

    Gross margin
    27.5% Worse than peer group: 34.0%
    EBITDA margin
    10.4% Even with peer group: 7.9%
    EBIT margin
    10.2% Even with peer group: 6.4%
    EBT margin
    10.5% Even with peer group: 5.8%
    Net margin
    7.1% Even with peer group: 3.7%
    ROE
    16.5% Even with peer group: 14.4%
    ROA
    11.2% Even with peer group: 6.7%
    Asset turnover
    158.7% Much worse than peer group: 208.6%
    FCF margin
    5.4% Even with peer group: 3.8%
    FCF yield
    2.4%
    Efficiency ratio
    89.6%
    Net sales per employee
    €892.17K
    Net income per employee
    €63.17K

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