# WATSCO INC

Summary updated: 2026-10-02T09:11:40.111535Z
Canonical: https://finbar.com/research/companies/watsco

## Overview

Watsco, Inc. is a distributor of heating, ventilation, air-conditioning and refrigeration (HVAC/R) equipment, parts and supplies, serving contractors in replacement and new-construction markets. Its offerings include residential and commercial heating and cooling equipment, replacement components and installation supplies. The business is concentrated in North America, with operations across the United States, Canada, Mexico and Puerto Rico, and exports to parts of Latin America and the Caribbean. [1](https://app.finbar.com/go?id=P18521200)[2](https://app.finbar.com/go?id=P66227057)

For 2025, Watsco reported $7.2 billion in HVAC/R distribution revenue and approximately 7,050 employees. At year-end, it operated 695 locations and served more than 130,000 active contractors; the United States generated 90% of 2025 revenue. [1](https://app.finbar.com/go?id=P18521200)[3](https://app.finbar.com/go?id=P61292510)[4](https://app.finbar.com/go?id=P91301358) Incorporated in Florida in 1956, the company describes its vision as leading the transition to low-carbon, high-efficiency HVAC units and heat pumps. [1](https://app.finbar.com/go?id=P18521200)[5](https://www.watsco.com/corporate-responsibility/)
[1](https://app.finbar.com/go?id=P18521200)[2](https://app.finbar.com/go?id=P66227057)[3](https://app.finbar.com/go?id=P61292510)[4](https://app.finbar.com/go?id=P91301358)[5](https://www.watsco.com/corporate-responsibility/)

## Products & services

Watsco distributes residential and commercial HVAC equipment, replacement parts, and related supplies. Its equipment includes ducted and ductless air conditioners, gas, electric, and oil furnaces, indoor components, and commercial systems. Disclosed product ranges include residential air conditioners of 1–5 tons, furnaces rated at 50,000–150,000 BTU, and commercial systems of 1.5–25 tons; its distributed air-conditioning systems range from base efficiency to above 20 SEER. [2](https://app.finbar.com/go?id=P66227057)[6](https://app.finbar.com/go?id=P87929911) Parts include compressors, evaporator coils, and motors. Supplies include thermostats, refrigerants, ductwork, grilles and registers, tools, copper tubing, insulation, and related materials. Watsco also distributes commercial refrigeration products. [2](https://app.finbar.com/go?id=P66227057)[7](https://app.finbar.com/go?id=T17853806)

Brands and product lines identified in company filings include Carrier, Bryant, Payne, Tempstar, Heil, Comfortmaker, and the Grandaire private label; Rheem-related offerings include Rheem systems, Friedrich, and AireVantage. [8](https://app.finbar.com/go?id=P43443423) Watsco supports HVAC contractors with technical assistance, inventory and product information, and digital tools for pricing, ordering, product search, and recommendations. [9](https://app.finbar.com/go?id=P50468670)[10](https://app.finbar.com/go?id=P18685454)

In 2025, revenue by product category was 67% HVAC equipment, 29% other HVAC products, and 4% commercial refrigeration. [11](https://app.finbar.com/go?id=P72064223)
[2](https://app.finbar.com/go?id=P66227057)[6](https://app.finbar.com/go?id=P87929911)[7](https://app.finbar.com/go?id=T17853806)[8](https://app.finbar.com/go?id=P43443423)[9](https://app.finbar.com/go?id=P50468670)[10](https://app.finbar.com/go?id=P18685454)[11](https://app.finbar.com/go?id=P72064223)[12](https://www.sec.gov/Archives/edgar/data/105016/000119312526082486/wso-20251231.htm)

## Geographic presence

As of December 31, 2025, Watsco operated 695 locations across 43 U.S. states, Canada, Mexico, and Puerto Rico, and also served portions of Latin America and the Caribbean through exports. Its 2025 revenue was distributed geographically as follows: United States, 90% (637 locations); Canada, 5% (34); and Latin America and the Caribbean, 5% (24). [1](https://app.finbar.com/go?id=P18521200)[13](https://app.finbar.com/go?id=T1337796) The regional revenue and location categories are reported separately from the broader description of its operating footprint.

Watsco’s 695 warehousing and distribution facilities covered approximately 16.8 million square feet, about 16.6 million of which was leased. The company had approximately 7,050 employees at year-end 2025; approximately 8% were located in Canada and Mexico combined. [14](https://app.finbar.com/go?id=P106977535)[3](https://app.finbar.com/go?id=P61292510)
[1](https://app.finbar.com/go?id=P18521200)[13](https://app.finbar.com/go?id=T1337796)[13](https://app.finbar.com/go?id=T1337796)[13](https://app.finbar.com/go?id=T1337796)[13](https://app.finbar.com/go?id=T1337796)[13](https://app.finbar.com/go?id=T1337796)[13](https://app.finbar.com/go?id=T1337796)[14](https://app.finbar.com/go?id=P106977535)[3](https://app.finbar.com/go?id=P61292510)

## Business segments

Watsco reports one operating and reportable segment: HVAC/R distribution. The segment distributes air-conditioning, heating and refrigeration equipment, along with related parts and supplies. It encompasses the company’s consolidated business; Watsco does not report separate segment revenue shares, so the sole segment effectively represents 100% of consolidated revenue. [15](https://app.finbar.com/go?id=P154787618)[16](https://app.finbar.com/go?id=P154787619)

For fiscal 2025, Watsco’s revenue mix by product line was 67% HVAC equipment, 29% other HVAC products and 4% commercial refrigeration. These are product categories, not separately reported operating segments. [11](https://app.finbar.com/go?id=P72064223) By geography, 90% of 2025 revenue came from the United States, 5% from Canada and 5% from Latin America and the Caribbean; these are geographic revenue shares, not operating segments. [4](https://app.finbar.com/go?id=P91301358)
[15](https://app.finbar.com/go?id=P154787618)[16](https://app.finbar.com/go?id=P154787619)[11](https://app.finbar.com/go?id=P72064223)[4](https://app.finbar.com/go?id=P91301358)

## Company history

Watsco’s roots date to 1947, when Wagner Tool & Supply Corp. was founded in New York. Watsco was incorporated in Florida in 1956 and became a public company in 1963; Albert H. Nahmad is identified by the company as its founder. [17](https://www.watsco.com/what-defines-us/)[18](https://investors.watsco.com/management/albert-nahmad) Nahmad became chairman, president and CEO in 1972. [17](https://www.watsco.com/what-defines-us/)[18](https://investors.watsco.com/management/albert-nahmad)

A pivotal shift came in 1989, when Watsco acquired an 80% interest in Gemaire and focused on HVAC/R distribution, pursuing growth through acquisitions. [17](https://www.watsco.com/what-defines-us/)[19](https://www.watsco.com/about-us/strategy/) It expanded through acquisitions including Baker Distributing and Carrier and ICP distribution locations in the 1990s, and sold its manufacturing operation in 1998 to concentrate on distribution. [17](https://www.watsco.com/what-defines-us/)

From 2009, Watsco broadened its reach through joint ventures with Carrier, including ventures covering the Sun Belt and Puerto Rico, Canada, and later the Midwest. [17](https://www.watsco.com/what-defines-us/)[20](https://app.finbar.com/go?id=P58854594)[21](https://app.finbar.com/go?id=P107843767)[22](https://app.finbar.com/go?id=P105260840)[23](https://app.finbar.com/go?id=P35636799) In 2019, a Carrier Enterprise joint venture acquired substantially all HVAC assets of Peirce-Phelps. [24](https://app.finbar.com/go?id=P115713040) In 2026, Watsco acquired Jackson Supply Company, effective June 1. [25](https://app.finbar.com/go?id=P154787835)[26](https://investors.watsco.com/news-releases/news-release-details/watsco-completes-acquisition-jackson-supply-company)

## Sources

1. [WATSCO INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=P18521200)
2. [WATSCO INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=P66227057)
3. [WATSCO INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=P61292510)
4. [WATSCO INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=P91301358)
5. [www.watsco.com](https://www.watsco.com/corporate-responsibility/)
6. [WATSCO INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=P87929911)
7. [WATSCO INC — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=T17853806)
8. [WATSCO INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=P43443423)
9. [WATSCO INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=P50468670)
10. [WATSCO INC — Press release (2025 Y)](https://app.finbar.com/go?id=P18685454)
11. [WATSCO INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=P72064223)
12. [www.sec.gov](https://www.sec.gov/Archives/edgar/data/105016/000119312526082486/wso-20251231.htm)
13. [WATSCO INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=T1337796)
14. [WATSCO INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=P106977535)
15. [WATSCO INC — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=P154787618)
16. [WATSCO INC — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=P154787619)
17. [www.watsco.com](https://www.watsco.com/what-defines-us/)
18. [investors.watsco.com](https://investors.watsco.com/management/albert-nahmad)
19. [www.watsco.com](https://www.watsco.com/about-us/strategy/)
20. [WATSCO INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=P58854594)
21. [WATSCO INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=P107843767)
22. [WATSCO INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=P105260840)
23. [WATSCO INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=P35636799)
24. [WATSCO INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=P115713040)
25. [WATSCO INC — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=P154787835)
26. [investors.watsco.com](https://investors.watsco.com/news-releases/news-release-details/watsco-completes-acquisition-jackson-supply-company)

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