WSO Watsco, Inc. Common Stock
NYSE · Trading Companies & Distributors · View on SEC EDGAR ↗ close Oct 2, 2026 10-K/10-Q Aug 7, 2026
$297.47
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$295.7552w low
$459.0052w high
Market Cap
$11.60B
P/E (TTM)
25.5
EPS (TTM)
$11.67
Revenue (TTM)
$7.28B
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52W Range
$296–$459
Analyst Rating
HOLD
Price Target
$379
P/E
25.5
ROE
16.5%
Net Profit Margin
6.5%
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WSO Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$297.47
Market Cap
$11.60B
P/E (TTM)
25.5
EPS (TTM)
$11.67
Revenue (TTM)
$7.28B
Div Yield
4.1%
ROE (TTM)
16.5%
52W Range
$296–$459
WSO Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
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Stock splits
| Ex-date | Split | Type |
|---|---|---|
| Aug. 17, 1998 | 3-for-2 | Forward |
| June 17, 1996 | 3-for-2 | Forward |
| May 16, 1995 | 3-for-2 | Forward |
| April 9, 1992 | 21-for-20 | Forward |
About Watsco, Inc. Common Stock Company overview from Wikipedia
Watsco, Inc. is a distributor of air conditioning, heating and refrigeration equipment, and related parts and supplies (HVAC/R) in the United States. Watsco was founded more than 60 years ago as a manufacturer of parts, components, and tools used in the HVAC/R industry. In 1989, the company shifted from manufacturing to distribution, by acquiring Gemaire Distributors Inc., a South Florida-based Rheem distributor.
## Key dates
1947: The company, Wagner Tool & Supply Corp., is founded in New York
1956: Watsco, Inc. incorporated in Florida
1963: The company goes public
1972: Albert H. Nahmad becomes chairman, president and CEO
1989: Watsco acquires an 80% interest in Gemaire in Florida and shifts focus to distribution
1990: The company acquires a 50.5% interest in Heating & Cooling Supply in California
1993: Watsco acquires an 80% interest in Comfort Supply in Texas
1996: Watsco purchases minority interests of Gemaire, Heating & Cooling & Comfort Supply
1997: The company acquires locations from Carrier and ICP; enters refrigeration market
1998: Watsco sells its manufacturing operation; revenues reach US$1 billion
2005: The company acquires East Coast Metal Distributors, a distributor of Goodman products
2009: Watsco forms first joint venture with Carrier Corporation; revenues reach US$2 billion
2011: The company enters Mexico
2012: Watsco enters Canada and revenues exceed US$3 billion
2015: The company's revenues reach US$4 billion
2019: Watsco expanded its presence in the Northeast
2020: The company's revenues reach US$5 billion
2021: Watsco acquires Temperature Equipment Corporation (TEC) to expand its presence in the Midwest. Revenues reach US$6 billion
2022: The company's revenues reach US$7 billion and the company was named to the Fortune 500 list
2025: Watsco Acquires Southern Ice Equipment Distributors
== References ==
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
sectorIndustrials
industryTrading Companies & Distributors
employees6,950
countryUS
10-Year Performance Revenue, net income, margins and EPS trends
Revenue$7.24B2016-12-31 → 2025-12-31
EPS$12.252016-12-31 → 2025-12-31
Free Cash Flow$535M2016-12-31 → 2025-12-31
Net margin6.5%2016-12-31 → 2025-12-31
Valuation & Ratios
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
| Metric | 5Y trend | WSO | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/E (TTM) | 25.55Y avg ≈27.9 | ≈27.9 | 27.2 | Overvalued | |
| P/S | 1.65Y avg ≈1.9 | ≈1.9 | 2.6 | Undervalued | |
| P/B | 4.25Y avg ≈6.2 | ≈6.2 | 5.7 | Undervalued | |
| Price / FCF | 21.75Y avg ≈27.0 | ≈27.0 | · | · | |
| Price / Cash Flow | 20.45Y avg ≈25.4 | ≈25.4 | 24.7 | Undervalued | |
| Price / Tangible Book | 5.55Y avg ≈9.0 | ≈9.0 | · | · | |
| PEG Ratio | ≈2.2 | · | · | · |
Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.
Profitability Gross, operating and net margins; ROE, ROA, ROIC
| Metric | 5Y trend | WSO | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Gross Margin (TTM) | 27.5%5Y avg ≈27.3% | ≈27.3% | 31.0% | Weak | |
| Operating Margin (TTM) | 9.4%5Y avg ≈10.5% | ≈10.5% | 11.2% | In line | |
| EBITDA Margin (TTM) | 10.0%5Y avg ≈11.0% | ≈11.0% | 11.2% | In line | |
| Pretax Margin (TTM) | 9.7%5Y avg ≈10.6% | ≈10.6% | 11.2% | In line | |
| Net Profit Margin (TTM) | 6.5%5Y avg ≈7.2% | ≈7.2% | 8.1% | In line | |
| ROA (TTM) | 9.7%5Y avg ≈14.5% | ≈14.5% | 9.7% | In line | |
| ROE (TTM) | 16.5%5Y avg ≈25.3% | ≈25.3% | 23.1% | Weak | |
| ROIC | 20.6%5Y avg ≈28.0% | ≈28.0% | 19.9% | In line |
Financial Health Debt, liquidity, solvency — balance sheet strength
| Metric | 5Y trend | WSO | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Current Ratio (MRQ) | 3.25Y avg ≈3.2 | ≈3.2 | 2.6 | Strong liquidity | |
| Quick Ratio (MRQ) | 1.45Y avg ≈1.5 | ≈1.5 | 1.4 | In line |
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
| Metric | 5Y trend | WSO | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Revenue YoY | -5.0%5Y avg ≈8.0% | ≈8.0% | · | · | |
| Revenue CAGR 3Y | -0.16%5Y avg ≈6.5% | ≈6.5% | · | · | |
| Revenue CAGR 5Y | 7.4% | · | · | · | |
| EPS YoY | -7.9%5Y avg ≈15.0% | ≈15.0% | · | · | |
| Net Income YoY | -7.3%5Y avg ≈16.2% | ≈16.2% | · | · | |
| EPS CAGR 3Y | -7.4%5Y avg ≈8.3% | ≈8.3% | · | · | |
| EPS CAGR 5Y | 11.8% | · | · | · | |
| Net Income CAGR 3Y | -6.2%5Y avg ≈9.4% | ≈9.4% | · | · | |
| Net Income CAGR 5Y | 13.0% | · | · | · |
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
| Metric | 5Y trend | WSO | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Asset Turnover | 1.65Y avg ≈2.0 | ≈2.0 | 1.5 | In line | |
| Inventory Turnover | 3.85Y avg ≈4.2 | ≈4.2 | 5.4 | Weak | |
| Receivables Turnover | 8.65Y avg ≈9.5 | ≈9.5 | 7.4 | Top tier | |
| Revenue / Employee | ≈$1.0M | · | · | · |
value · ≈ 5Y avg · industry median · verdict relative to median
Dividends Yield, payout ratio, dividend history, 5Y CAGR
Dividend Yield4.1%
Payout Ratio95.3%
Annualized Payout≈$13.20
5Y Div CAGR≈11.1%
Growth Streak≈12
| Ex-date | Amount | Currency | Yield |
|---|---|---|---|
| Jul 16, 2026 | $3.30 | USD | ≈3.3% |
| Apr 16, 2026 | $3.30 | USD | ≈2.9% |
| Jan 16, 2026 | $3.00 | USD | ≈3.1% |
| Oct 16, 2025 | $3.00 | USD | ≈3.2% |
| Jul 16, 2025 | $3.00 | USD | ≈2.4% |
| Apr 15, 2025 | $3.00 | USD | ≈2.2% |
| Jan 17, 2025 | $2.70 | USD | ≈2.2% |
| Oct 16, 2024 | $2.70 | USD | ≈2.1% |
| Jul 16, 2024 | $2.70 | USD | ≈2.0% |
| Apr 12, 2024 | $2.70 | USD | ≈2.4% |
| Jan 16, 2024 | $2.45 | USD | ≈2.4% |
| Oct 16, 2023 | $2.45 | USD | ≈2.6% |
| Jul 14, 2023 | $2.45 | USD | ≈2.6% |
| Apr 14, 2023 | $2.45 | USD | ≈3.0% |
| Jan 13, 2023 | $2.45 | USD | ≈3.3% |
| Oct 14, 2022 | $2.20 | USD | ≈3.5% |
| Jul 14, 2022 | $2.20 | USD | ≈3.3% |
| Apr 13, 2022 | $2.20 | USD | ≈2.7% |
| Jan 13, 2022 | $1.95 | USD | ≈2.6% |
| Oct 14, 2021 | $1.95 | USD | ≈2.7% |
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
-6.8%
Next Report
Oct 15, 2026
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| June 30, 2026 | Jul 28, 2026 | $4.00 | $4.48 | -10.7% |
| March 31, 2026 | $1.87 | $1.71 | 9.3% | |
| Dec. 31, 2025 | $1.68 | $1.90 | -11.6% | |
| Sept. 30, 2025 | $3.98 | $4.24 | -6.1% | |
| June 30, 2025 | $4.52 | $4.85 | -6.7% | |
| March 31, 2025 | $1.93 | $2.28 | -15.3% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $7.24B | $7.62B | $7.28B | $7.27B | $6.28B | $5.05B | $4.77B | $4.55B | $4.34B | $4.22B | $4.11B | $3.94B | |
| Cost of Revenue | $5.21B | $5.57B | $5.29B | $5.24B | $4.61B | $3.83B | $3.61B | $3.43B | $3.28B | $3.19B | $3.11B | $2.99B | |
| Gross Profit | $2.03B | $2.04B | $1.99B | $2.03B | $1.67B | $1.22B | $1.16B | $1.12B | $1.07B | $1.03B | $1.01B | $956M | |
| SG&A Expense | $1.34B | $1.29B | $1.22B | $1.22B | $1.06B | $833M | $800M | $757M | $716M | $689M | $671M | $651M | |
| Operating Income | $720M | $782M | $795M | $832M | $629M | $401M | $367M | $372M | $354M | $346M | $337M | $306M | |
| Interest Expense | · | · | · | · | · | · | · | · | · | · | $6M | $5M | |
| Pretax Income | $738M | $803M | $790M | $829M | $628M | $400M | $363M | $369M | $348M | $342M | $331M | $301M | |
| Income Tax | $150M | $167M | $156M | $126M | $129M | $77M | $67M | $73M | $90M | $106M | $105M | $92M | |
| Net Income | $497M | $536M | $536M | $601M | $419M | $270M | $246M | $243M | $208M | $183M | $173M | $151M | |
| EPS (Basic) | $12.27 | $13.34 | $13.72 | $15.46 | $10.83 | $7.03 | $6.51 | $6.50 | $5.81 | $5.16 | $4.91 | $4.33 | |
| EPS (Diluted) | $12.25 | $13.30 | $13.67 | $15.41 | $10.78 | $7.01 | $6.50 | $6.49 | $5.81 | $5.15 | $4.90 | $4.32 | |
| Shares (Basic) | 37,835,054 | 37,391,461 | 36,406,148 | · | 35,244,230 | 35,069,516 | 34,644,700 | 34,319,890 | 32,824,947 | 32,582,385 | 32,435,961 | 32,308,073 | |
| Shares (Diluted) | 37,899,859 | 37,510,332 | 36,531,683 | · | 35,423,838 | 35,150,571 | 34,675,641 | 34,374,269 | 32,862,633 | 32,616,504 | 32,480,356 | 32,358,854 | |
| EBITDA | $764M | $823M | $830M | $863M | $657M | $427M | $391M | $394M | $376M | $366M | $356M | $324M |
Balance Sheet
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $433M | $526M | $210M | $148M | $118M | $146M | $74M | $83M | $80M | $56M | $35M | $24M | |
| Short-term Investments | $300M | $256M | $0 | · | · | · | · | · | · | · | · | · | |
| Receivables | $796M | $878M | $798M | $747M | $698M | $535M | $534M | $502M | $478M | $476M | $451M | $434M | |
| Inventory | $1.39B | $1.39B | $1.35B | $1.37B | $1.12B | $781M | $921M | $837M | $761M | $685M | $674M | $678M | |
| Other Current Assets | $39M | $35M | $37M | $34M | $29M | $22M | $18M | $20M | $17M | $23M | $21M | $21M | |
| Current Assets | $2.95B | $3.08B | $2.39B | $2.30B | $1.96B | $1.48B | $1.55B | $1.44B | $1.34B | $1.24B | $1.18B | $1.16B | |
| PP&E (Net) | $136M | $141M | $136M | $125M | $111M | $98M | $99M | $91M | $91M | $91M | $63M | $53M | |
| PP&E (Gross) | $410M | $390M | $358M | $322M | $285M | $256M | $244M | $223M | $214M | $204M | $167M | $150M | |
| Accum. Depreciation | $274M | $250M | $221M | $196M | $174M | $158M | $145M | $132M | $123M | $114M | $104M | $97M | |
| Goodwill | $463M | $452M | $457M | $431M | $434M | $412M | $412M | $411M | $383M | $380M | $378M | $387M | |
| Intangibles | $210M | $208M | $218M | $175M | $187M | $170M | $172M | $148M | $161M | $159M | $160M | $186M | |
| Other Non-current Assets | $14M | $11M | $11M | $8M | $9M | $12M | $9M | $8M | $74M | $6M | $6M | $6M | |
| Total Assets | $4.41B | $4.48B | $3.73B | $3.49B | $3.09B | $2.48B | $2.56B | $2.16B | $2.05B | $1.87B | $1.79B | $1.79B | |
| Accounts Payable | $350M | $491M | $369M | $456M | $364M | $252M | $240M | $200M | $230M | $185M | $145M | $173M | |
| Accrued Liabilities | $250M | $383M | $242M | $303M | $278M | $164M | $153M | $157M | $186M | $129M | $125M | $113M | |
| Current Liabilities | $718M | $984M | $712M | $907M | $727M | $487M | $462M | $358M | $416M | $315M | $270M | $287M | |
| Capital Leases | $351M | $322M | $277M | $232M | $187M | · | $154M | · | · | · | · | · | |
| Deferred Tax | · | · | · | · | · | · | · | · | · | $69M | · | · | |
| Total Debt | · | · | · | · | · | · | · | · | · | · | $246M | $304M | |
| Common Stock | $20M | $19M | $19M | $19M | $19M | $19M | $19M | $18M | $18M | $18M | $18M | $18M | |
| Paid-in Capital | · | · | · | · | · | · | · | · | · | · | · | $581M | |
| Retained Earnings | $1.32B | $1.30B | $1.18B | $1.03B | $761M | $636M | $633M | $628M | $595M | $550M | $495M | $421M | |
| Treasury Stock | $73M | $73M | $87M | $87M | $87M | $87M | $87M | $87M | $87M | $114M | $114M | $114M | |
| AOCI | $-50M | $-60M | $-42M | $-48M | $-34M | $-35M | $-39M | $-46M | $-34M | $-44M | $-47M | $-24M | |
| Stockholders' Equity | $2.78B | $2.66B | $2.23B | $1.89B | $1.66B | $1.49B | $1.44B | $1.35B | $1.30B | $1.01B | $957M | $884M | |
| Liabilities + Equity | $4.41B | $4.48B | $3.73B | $3.49B | $3.09B | $2.48B | $2.56B | $2.16B | $2.05B | $1.87B | $1.79B | $1.79B | |
| Shares Outstanding | 39,008,240 | 38,861,032 | 38,705,586 | 38,108,752 | 37,881,247 | 37,702,489 | 37,536,363 | 36,952,762 | 36,825,128 | 36,682,562 | 36,616,197 | 36,444,289 |
Cash Flow
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $44M | $41M | $35M | $32M | $28M | $26M | $25M | $22M | $22M | $20M | $19M | $18M | |
| Stock-based Comp | $35M | $35M | $30M | $29M | $25M | $22M | $17M | $16M | $13M | $12M | $13M | $11M | |
| Deferred Tax | $18M | $229.0K | $-7M | $13M | $6M | $40.0K | $1M | $8M | $-11M | $3M | $5M | $289.0K | |
| Amort. of Intangibles | $5M | $5M | $4M | $5M | $6M | $6M | $6M | $5M | $5M | $5M | $5M | $6M | |
| Other Non-cash | $-25M | $161M | $-32M | $-103M | $-129M | $217M | $47M | $-118M | $74M | $60M | $12M | $-36M | |
| Operating Cash Flow | $570M | $773M | $562M | $572M | $350M | $534M | $336M | $171M | $307M | $282M | $223M | $145M | |
| CapEx | $35M | $30M | $35M | $36M | $25M | $16M | $18M | $17M | $18M | $44M | $24M | $22M | |
| Investing Cash Flow | $-98M | $-291M | $-41M | $-34M | $-149M | $-16M | $-81M | $-26M | $-81M | $-43M | · | · | |
| Stock Issued | · | · | · | $20M | $21M | $19M | $13M | $7M | $5M | $6M | $6M | $4M | |
| Net Stock Activity | · | · | · | $20M | $21M | $19M | $13M | $7M | $5M | $6M | $6M | $4M | |
| Dividends Paid | $474M | $424M | $383M | $332M | $295M | $266M | $241M | $209M | $164M | $128M | $99M | $70M | |
| Financing Cash Flow | $-568M | $-159M | $-460M | $-504M | $-229M | $-448M | $-264M | $-140M | $-202M | $-218M | · | · | |
| Net Change in Cash | $-93M | $316M | $63M | $29M | $-28M | $72M | $-8M | $2M | $24M | $21M | $11M | $5M | |
| Taxes Paid | $165M | $125M | $188M | $106M | $125M | $71M | $70M | $115M | $48M | $99M | $103M | $83M | |
| Free Cash Flow | $535M | $743M | $526M | $536M | $324M | $518M | $318M | $153M | $289M | $234M | $198M | $123M | |
| Levered FCF | · | · | · | · | · | · | · | · | · | · | $194M | $120M |
Profitability
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 28.1% | 26.8% | 27.4% | 27.9% | 26.6% | 24.2% | 24.2% | 24.6% | 24.5% | 24.5% | 24.5% | 24.2% | |
| Operating Margin | 10.0% | 10.3% | 10.9% | 11.4% | 10.0% | 7.9% | 7.7% | 8.2% | 8.2% | 8.2% | 8.2% | 7.8% | |
| Net Margin | 6.9% | 7.0% | 7.4% | 8.3% | 6.7% | 5.3% | 5.2% | 5.3% | 4.8% | 4.3% | 4.2% | 3.8% | |
| Pretax Margin | 10.2% | 10.5% | 10.8% | 11.4% | 10.0% | 7.9% | 7.6% | 8.1% | 8.0% | 8.1% | 8.1% | 7.6% | |
| EBITDA Margin | 10.5% | 10.8% | 11.4% | 11.9% | 10.5% | 8.5% | 8.2% | 8.7% | 8.7% | 8.7% | 8.6% | 8.2% | |
| ROA | 11.2% | 13.1% | 14.9% | 18.3% | 15.0% | 10.7% | 10.4% | 11.6% | 10.6% | 10.0% | 9.7% | 8.8% | |
| ROE | 18.3% | 21.9% | 26.0% | 33.8% | 26.6% | 18.4% | 17.7% | 18.4% | 18.1% | 18.6% | 18.8% | 17.6% | |
| ROIC | 20.6% | 23.3% | 28.6% | 37.3% | 30.0% | 21.8% | 20.8% | 22.2% | 20.2% | 23.7% | 19.1% | 17.9% |
Liquidity & Solvency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 4.1 | 3.1 | 3.4 | 2.5 | 2.7 | 3.0 | 3.4 | 4.0 | 3.2 | 3.9 | 4.4 | 4.0 | |
| Quick Ratio | 2.1 | 1.7 | 1.4 | 1.0 | 1.1 | 1.4 | 1.3 | 1.6 | 1.3 | 1.7 | 1.8 | 1.6 | |
| Debt / Equity | · | · | · | · | · | · | · | · | · | · | 0.3 | 0.3 | |
| LT Debt / Equity | · | · | · | · | · | · | · | · | · | · | 0.3 | 0.3 | |
| Interest Coverage | · | · | · | · | · | · | · | · | · | · | 60.7 | 58.7 |
Efficiency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 1.6 | 1.9 | 2.0 | 2.2 | 2.3 | 2.0 | 2.0 | 2.2 | 2.2 | 2.3 | 2.3 | 2.3 | |
| Inventory Turnover | 3.8 | 4.1 | 3.9 | 4.2 | 4.9 | 4.5 | 4.1 | 4.3 | 4.5 | 4.7 | 4.6 | 4.7 | |
| Receivables Turnover | 8.6 | 9.1 | 9.4 | 10.1 | 10.2 | 9.5 | 9.2 | 9.3 | 9.1 | 9.1 | 9.3 | 9.5 |
Per Share
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $71.30 | $68.37 | $57.61 | $49.57 | $43.95 | $39.43 | $38.24 | $36.47 | $35.25 | $27.42 | $26.14 | $24.26 | |
| Revenue / Share | $191.01 | · | · | · | $177.29 | $143.81 | $137.57 | $132.27 | $132.12 | $129.40 | $126.64 | $121.90 | |
| Cash Flow / Share | $15.03 | · | · | · | $9.87 | $15.20 | $9.68 | $4.96 | $9.33 | $8.52 | $6.82 | $4.48 | |
| Cash / Share | $11.11 | $13.54 | $5.43 | $3.87 | $3.12 | $3.87 | $1.98 | $2.24 | $2.19 | $1.53 | $0.96 | $0.67 | |
| Dividend / Share | $11.70 | $10.55 | $9.80 | $8.55 | $7.62 | $6.92 | $6.40 | $5.60 | $4.60 | $3.60 | $2.80 | $2.00 | |
| EPS (TTM) | $12.25 | $13.30 | $13.67 | $15.41 | $10.78 | $7.01 | $6.50 | $6.49 | $5.81 | $5.15 | $4.90 | $4.32 |
Growth Rates
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | -5.0% | 4.6% | 0.13% | 15.8% | 24.2% | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | -0.16% | 6.7% | 13.0% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 7.4% | · | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | -7.9% | -2.7% | -11.3% | 43.0% | 53.8% | · | · | · | · | · | · | · | |
| EPS CAGR 3Y | -7.4% | 7.2% | 24.9% | · | · | · | · | · | · | · | · | · | |
| EPS CAGR 5Y | 11.8% | · | · | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | -7.3% | -0.01% | -10.8% | 43.5% | 55.4% | · | · | · | · | · | · | · | |
| Net Income CAGR 3Y | -6.2% | 8.6% | 25.8% | · | · | · | · | · | · | · | · | · | |
| Net Income CAGR 5Y | 13.0% | · | · | · | · | · | · | · | · | · | · | · | |
| Dividends Paid CAGR 5Y | 12.3% | · | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM)
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $7.24B | $7.62B | $7.28B | $7.27B | $6.28B | $5.05B | $4.77B | $4.55B | $4.34B | $4.22B | $4.11B | $3.94B | |
| Net Income TTM | $497M | $536M | $536M | $601M | $419M | $270M | $246M | $243M | $208M | $183M | $173M | $151M | |
| Market Cap | $13.14B | $18.42B | $16.58B | $9.50B | $11.85B | $8.54B | $6.76B | $5.14B | $6.26B | $5.43B | $4.29B | $3.90B | |
| Enterprise Value | · | · | · | · | · | · | · | · | · | · | $4.50B | $4.18B | |
| P/E | 27.5 | 35.6 | 31.3 | 16.2 | 29.0 | 32.3 | 27.7 | 21.4 | 29.3 | 28.8 | 23.9 | 24.8 | |
| P/S | 1.8 | 2.4 | 2.3 | 1.3 | 1.9 | 1.7 | 1.4 | 1.1 | 1.4 | 1.3 | 1.0 | 1.0 | |
| P/B | 4.7 | 6.9 | 7.4 | 5.0 | 7.1 | 5.7 | 4.7 | 3.8 | 4.8 | 5.4 | 4.5 | 4.4 | |
| P / Tangible Book | 6.2 | 9.2 | 10.7 | 7.4 | 11.4 | 9.4 | · | · | · | · | · | · | |
| P / Cash Flow | 23.1 | 23.8 | 29.5 | 16.6 | 33.9 | 16.0 | 20.1 | 30.1 | 20.4 | 19.6 | 19.4 | 26.9 | |
| P / FCF | 24.6 | 24.8 | 31.5 | 17.7 | 36.6 | 16.5 | 21.3 | 33.5 | 21.7 | 23.2 | 21.7 | 31.6 | |
| EV / EBITDA | · | · | · | · | · | · | · | · | · | · | 12.6 | 12.9 | |
| EV / FCF | · | · | · | · | · | · | · | · | · | · | 22.8 | 33.8 | |
| EV / Revenue | · | · | · | · | · | · | · | · | · | · | 1.1 | 1.1 | |
| Dividend Yield | 3.6% | 2.3% | 2.3% | 3.5% | 2.5% | 3.1% | 3.6% | 4.1% | 2.6% | 2.4% | 2.3% | 1.8% | |
| Earnings Yield | 3.6% | 2.8% | 3.2% | 6.2% | 3.5% | 3.1% | 3.6% | 4.7% | 3.4% | 3.5% | 4.2% | 4.0% | |
| Payout Ratio | 95.3% | 79.0% | 71.3% | 55.3% | 70.3% | 98.6% | 98.2% | 86.1% | 78.8% | 69.8% | 57.0% | 46.2% | |
| Annual Payout | $474M | $424M | $383M | $332M | $295M | $266M | $241M | $209M | $164M | $128M | $99M | $70M |
Income Statement
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.10B | $1.53B | $1.58B | $2.07B | $2.06B | $1.53B | $1.75B | $2.16B | $2.14B | $1.56B | $1.60B | $2.13B | $2.00B | $1.55B | $1.58B | $2.04B | |
| Cost of Revenue | $1.53B | $1.11B | $1.15B | $1.50B | $1.46B | $1.10B | $1.29B | $1.59B | $1.56B | $1.13B | $1.19B | $1.56B | $1.44B | $1.10B | $1.15B | $1.48B | |
| Gross Profit | $579M | $428M | $428M | $569M | $603M | $430M | $468M | $566M | $580M | $431M | $414M | $567M | $563M | $448M | $434M | $551M | |
| SG&A Expense | $349M | $323M | $333M | $344M | $339M | $323M | $338M | $326M | $319M | $310M | $312M | $320M | $304M | $287M | $302M | $322M | |
| Operating Income | $238M | $110M | $102M | $235M | $272M | $112M | $136M | $250M | $269M | $127M | $108M | $257M | $266M | $165M | $137M | $236M | |
| Pretax Income | $242M | $117M | $107M | $238M | $274M | $118M | $143M | $257M | $274M | $129M | $109M | $255M | $262M | $164M | $137M | $236M | |
| Income Tax | $51M | $24M | $20M | $49M | $57M | $23M | $28M | $55M | $59M | $25M | $11M | $54M | $57M | $34M | $-20M | $50M | |
| Net Income | $163M | $79M | $72M | $162M | $184M | $80M | $97M | $171M | $181M | $87M | $83M | $171M | $173M | $110M | $138M | $158M | |
| EPS (Basic) | $4.00 | $1.87 | $1.83 | $3.98 | $4.53 | $1.93 | $2.43 | $4.24 | $4.50 | $2.17 | $2.09 | $4.36 | $4.43 | $2.84 | $3.57 | $4.04 | |
| EPS (Diluted) | $4.00 | $1.87 | $1.82 | $3.98 | $4.52 | $1.93 | $2.42 | $4.22 | $4.49 | $2.17 | $2.07 | $4.35 | $4.42 | $2.83 | $3.55 | $4.03 | |
| Shares (Basic) | 38,162,359 | 37,932,743 | · | 37,860,987 | 37,825,623 | 37,752,203 | · | 37,552,000 | · | · | · | · | · | · | · | · | |
| Shares (Diluted) | 38,192,692 | 37,964,580 | · | 37,918,392 | 37,899,430 | 37,853,255 | · | 37,671,752 | · | · | · | · | · | · | · | · | |
| EBITDA | $238M | $121M | · | $235M | $272M | $123M | · | $250M | $269M | $136M | · | $257M | $266M | $173M | · | $236M |
Balance Sheet
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $364M | $393M | $433M | $324M | $293M | $432M | $526M | $294M | $225M | $279M | · | $175M | $163M | $141M | · | $130M | |
| Short-term Investments | $100M | $200M | $300M | $200M | $0 | $0 | $256M | $256M | $200M | $200M | · | · | · | · | · | · | |
| Receivables | $1.06B | $839M | $796M | $942M | $1.02B | $794M | $878M | $945M | $1.00B | $832M | · | $949M | $991M | $811M | · | $860M | |
| Inventory | $1.89B | $1.72B | $1.39B | $1.60B | $1.95B | $1.78B | $1.39B | $1.60B | $1.57B | $1.66B | · | $1.55B | $1.69B | $1.61B | · | $1.39B | |
| Other Current Assets | $39M | $34M | $39M | $48M | $38M | $33M | $35M | $42M | $35M | $32M | · | $56M | $40M | $31M | · | $35M | |
| Current Assets | $3.45B | $3.18B | $2.95B | $3.12B | $3.30B | $3.04B | $3.08B | $3.13B | $3.03B | $3.00B | · | $2.73B | $2.88B | $2.60B | · | $2.41B | |
| PP&E (Net) | $147M | $133M | $136M | $135M | $137M | $138M | $141M | $140M | $138M | $138M | · | $134M | $128M | $127M | · | $122M | |
| PP&E (Gross) | · | · | $410M | · | · | · | $390M | · | · | · | · | · | · | · | · | · | |
| Accum. Depreciation | · | · | $274M | · | · | · | $250M | · | · | · | · | · | · | · | · | · | |
| Goodwill | $560M | $461M | $463M | $465M | $466M | $455M | $452M | $459M | $458M | $459M | $457M | $492M | $432M | $431M | $431M | $430M | |
| Intangibles | $205M | $208M | $210M | $207M | $210M | $207M | $208M | $212M | $212M | $214M | · | $172M | $176M | $174M | · | $175M | |
| Other Non-current Assets | $16M | $14M | $14M | $13M | $13M | $12M | $11M | $11M | $11M | $12M | · | $10M | $10M | $9M | · | $8M | |
| Total Assets | $5.08B | $4.65B | $4.41B | $4.55B | $4.73B | $4.45B | $4.48B | $4.52B | $4.40B | $4.36B | · | $4.04B | $4.10B | $3.80B | · | $3.58B | |
| Accounts Payable | $660M | $587M | $350M | $411M | $678M | $546M | $491M | $549M | $564M | $688M | · | $509M | $602M | $593M | · | $474M | |
| Accrued Liabilities | $300M | $247M | $250M | $284M | $277M | $266M | $383M | $276M | $277M | $236M | · | $280M | $260M | $267M | · | $376M | |
| Current Liabilities | $1.08B | $952M | $718M | $812M | $1.07B | $925M | $984M | $933M | $945M | $1.03B | · | $888M | $956M | $953M | · | $940M | |
| Capital Leases | $406M | · | $351M | · | · | · | $322M | · | · | · | · | · | · | · | · | · | |
| Common Stock | $20M | $20M | $20M | $19M | $19M | $19M | $19M | $19M | $19M | $19M | · | $19M | $19M | $19M | · | $19M | |
| Retained Earnings | $1.31B | $1.28B | $1.32B | $1.37B | $1.33B | $1.27B | $1.30B | $1.31B | $1.25B | $1.17B | · | $1.20B | $1.12B | $1.04B | · | $977M | |
| Treasury Stock | $73M | $73M | $73M | $73M | $73M | $73M | $73M | $74M | $74M | $74M | · | $87M | $87M | $87M | · | $87M | |
| AOCI | $-57M | $-53M | $-50M | $-54M | $-49M | $-60M | $-60M | $-47M | $-50M | $-48M | · | $-47M | $-43M | $-48M | · | $-50M | |
| Stockholders' Equity | $2.99B | $2.76B | $2.78B | $2.81B | $2.76B | $2.67B | $2.66B | $2.70B | $2.61B | $2.53B | · | $2.22B | $2.04B | $1.93B | · | $1.91B | |
| Liabilities + Equity | $5.08B | $4.65B | $4.41B | $4.55B | $4.73B | $4.45B | $4.48B | $4.52B | $4.40B | $4.36B | · | $4.04B | $4.10B | $3.80B | · | $3.58B | |
| Shares Outstanding | · | · | 39,008,240 | · | · | · | 38,861,032 | · | · | · | · | · | · | · | · | · |
Cash Flow
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $11M | $11M | $11M | $11M | $11M | $11M | $10M | $10M | $10M | $10M | $10M | $9M | $8M | $8M | $8M | $8M | |
| Stock-based Comp | $9M | $8M | $9M | $9M | $9M | $9M | $10M | $9M | $8M | $8M | $9M | $7M | $7M | $7M | $7M | $7M | |
| Deferred Tax | · | · | $13M | $2M | · | · | $-6M | $2M | · | · | $-13M | $2M | · | · | $7M | $2M | |
| Other Non-cash | · | $-117M | · | · | · | $-277M | · | · | · | $-1M | · | · | · | $-172M | · | · | |
| Operating Cash Flow | $-3M | $-19M | $400M | $355M | $-7M | $-178M | $379M | $233M | $58M | $104M | $299M | $353M | $-42M | $-47M | $213M | $286M | |
| CapEx | $9M | $7M | $11M | $9M | $7M | $8M | $8M | $10M | $6M | $6M | $10M | $10M | $8M | $8M | $9M | $8M | |
| Investing Cash Flow | $99M | $93M | $-112M | $-209M | $-22M | $245M | $-8M | $-65M | $-6M | $-211M | $-13M | $-10M | $-7M | $-10M | $-7M | $-8M | |
| Stock Issued | · | · | · | · | · | · | · | · | · | · | · | · | · | $9M | · | $8M | |
| Net Stock Activity | · | · | · | · | · | · | · | · | · | · | · | · | · | $9M | · | · | |
| Dividends Paid | $134M | $122M | $122M | $122M | $121M | $109M | $109M | $109M | $109M | $97M | $97M | $96M | $95M | $95M | $85M | $86M | |
| Financing Cash Flow | $-123M | $-114M | $-180M | $-114M | $-113M | $-162M | $-133M | $-99M | $-105M | $178M | $-252M | $-328M | $69M | $51M | $-188M | $-273M | |
| Net Change in Cash | $-28M | $-41M | $109M | $31M | $-139M | $-94M | $232M | $70M | $-54M | $69M | $35M | $12M | $22M | $-7M | $17M | $1M | |
| Free Cash Flow | · | $-26M | · | · | · | $-185M | · | · | · | $98M | · | · | · | $-55M | · | · |
Profitability
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 27.5% | 27.9% | · | 27.5% | 29.3% | 28.1% | · | 26.2% | 27.1% | 27.5% | · | 26.7% | 28.1% | 28.9% | · | 27.1% | |
| Operating Margin | 11.3% | 7.2% | · | 11.4% | 13.2% | 7.3% | · | 11.6% | 12.6% | 8.1% | · | 12.1% | 13.3% | 10.6% | · | 11.6% | |
| Net Margin | 7.8% | 5.2% | · | 7.8% | 8.9% | 5.2% | · | 7.9% | 8.5% | 5.6% | · | 8.0% | 8.6% | 7.1% | · | 7.7% | |
| Pretax Margin | 11.5% | 7.6% | · | 11.5% | 13.3% | 7.7% | · | 11.9% | 12.8% | 8.2% | · | 12.0% | 13.1% | 10.6% | · | 11.6% | |
| EBITDA Margin | 11.3% | 7.9% | · | 11.4% | 13.2% | 8.0% | · | 11.6% | 12.6% | 8.7% | · | 12.1% | 13.3% | 11.2% | · | 11.6% | |
| ROA | 3.3% | 1.7% | · | 3.6% | 4.0% | 1.8% | · | 4.0% | 4.3% | 2.1% | · | 4.5% | 4.4% | 3.0% | · | 4.7% | |
| ROE | 5.7% | 2.9% | · | 5.9% | 6.8% | 3.1% | · | 7.0% | 7.8% | 3.9% | · | 8.3% | 8.9% | 6.0% | · | 8.9% | |
| ROIC | 6.3% | 3.2% | · | 6.6% | 7.8% | 3.4% | · | 7.3% | 8.1% | 4.0% | · | 9.1% | 10.2% | 6.8% | · | 9.8% |
Liquidity & Solvency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 3.2 | 3.3 | · | 3.8 | 3.1 | 3.3 | · | 3.4 | 3.2 | 2.9 | · | 3.1 | 3.0 | 2.7 | · | 2.6 | |
| Quick Ratio | 1.4 | 1.5 | · | 1.8 | 1.2 | 1.3 | · | 1.6 | 1.5 | 1.3 | · | 1.3 | 1.2 | 1.0 | · | 1.1 |
Efficiency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.4 | 0.3 | · | 0.5 | 0.5 | 0.3 | · | 0.5 | 0.5 | 0.4 | · | 0.6 | 0.5 | 0.4 | · | 0.6 | |
| Inventory Turnover | 0.8 | 0.6 | · | 0.9 | 0.8 | 0.6 | · | 1.0 | 1.0 | 0.7 | · | 1.1 | 0.9 | 0.7 | · | 1.2 | |
| Receivables Turnover | 2.0 | 1.9 | · | 2.2 | 2.0 | 1.9 | · | 2.3 | 2.1 | 1.9 | · | 2.4 | 2.0 | 1.9 | · | 2.5 |
Per Share
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue / Share | $55.11 | $40.38 | · | $54.51 | · | · | · | · | · | · | · | · | · | · | · | · | |
| Cash Flow / Share | · | $-0.50 | · | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| Dividend / Share | $3.30 | $3.00 | $3.00 | $3.00 | $3.00 | $2.70 | $2.70 | $2.70 | $2.70 | $2.45 | $2.45 | $2.45 | $2.45 | $2.45 | $2.20 | $2.20 | |
| Dividend Paid / Share | $3.30 | $3.00 | · | $3.00 | $3.00 | $2.70 | · | $2.70 | $2.70 | $2.45 | · | · | · | · | · | · | |
| EPS (TTM) | $11.67 | $12.19 | · | $12.85 | $13.09 | $13.06 | · | $12.95 | $13.08 | $13.01 | · | $15.15 | $14.83 | $15.34 | · | $13.92 |
Valuation (TTM)
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $7.28B | $7.24B | · | $7.41B | $7.51B | $7.58B | · | $7.47B | $7.43B | $7.30B | · | $7.26B | $7.17B | $7.30B | · | $7.20B | |
| Net Income TTM | $476M | $496M | · | $522M | $532M | $529M | · | $522M | $522M | $513M | · | $591M | $578M | $598M | · | $542M | |
| P/E | 35.7 | 29.8 | · | 31.5 | 33.7 | 38.9 | · | 38.0 | 35.4 | 33.2 | · | 24.9 | 25.7 | 20.7 | · | 18.5 | |
| Earnings Yield | 2.8% | 3.4% | · | 3.2% | 3.0% | 2.6% | · | 2.6% | 2.8% | 3.0% | · | 4.0% | 3.9% | 4.8% | · | 5.4% | |
| Payout Ratio | · | 154.0% | · | · | · | 136.2% | · | · | · | 111.2% | · | · | · | 86.3% | · | · | |
| Annual Payout | $499M | $487M | · | $461M | $448M | $436M | · | $411M | $398M | $384M | · | $371M | $361M | $352M | · | $322M |
Most recent period on the left · null values shown as ·
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Revenue | $7.24B | $7.62B | $7.28B | $7.27B | $6.28B |
| Gross Margin % | 28.1% | 26.8% | 27.4% | 27.9% | 26.6% |
| Operating Margin % | 10.0% | 10.3% | 10.9% | 11.4% | 10.0% |
| Net Income | $497M | $536M | $536M | $601M | $419M |
| Diluted EPS | $12.25 | $13.30 | $13.67 | $15.41 | $10.78 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Current Ratio | 4.1 | 3.1 | 3.4 | 2.5 | 2.7 |
| Quick Ratio | 2.1 | 1.7 | 1.4 | 1.0 | 1.1 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Free Cash Flow | $535M | $743M | $526M | $536M | $324M |
Institutional owners (13F) 843 filers · $17.1B total · As of Sept. 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Holders
843
Value held
$17.1B
New positions
91
Exited positions
70
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 91 (-22 vs prior Q) | 70 (-11 vs prior Q) | 245 (-41 vs prior Q) | 302 (+63 vs prior Q) | -798K |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| BlackRock, Inc. | $1,747,314,994 | 4,192,919 | 10.22% | Shares |
| Capital International Investors | $1,452,268,757 | 3,485,525 | 8.50% | Shares |
| VANGUARD GROUP INC | $1,187,250,738 | 3,523,522 | 6.95% | Shares |
| Capital Research Global Investors | $792,709,378 | 1,902,230 | 4.64% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $737,833,384 | 1,770,531 | 4.32% | Shares |
| FMR LLC | $710,637,998 | 1,705,273 | 4.16% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $658,104,183 | 1,579,210 | 3.85% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $607,859,113 | 1,459,768 | 3.56% | Shares |
| STATE STREET CORP | $551,338,374 | 1,323,011 | 3.23% | Shares |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC | $472,722,626 | 1,134,361 | 2.77% | Shares |
| BAILLIE GIFFORD & CO | $470,711,537 | 1,129,536 | 2.75% | Shares |
| MORGAN STANLEY | $376,060,598 | 902,406 | 2.20% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $274,190,121 | 659,265 | 1.60% | Shares |
| Markel Group Inc. | $249,100,359 | 597,750 | 1.46% | Shares |
| BLAIR WILLIAM & CO/IL | $235,045,592 | 564,024 | 1.38% | Shares |
| DAVENPORT & Co LLC | $220,063,905 | 530,366 | 1.29% | Shares |
| WELLS FARGO & COMPANY/MN | $166,208,141 | 398,839 | 0.97% | Shares |
| RAYMOND JAMES FINANCIAL INC | $161,023,157 | 386,397 | 0.94% | Shares |
| UBS Group AG | $150,098,646 | 360,182 | 0.88% | Shares |
| NORGES BANK | $141,875,729 | 340,450 | 0.83% | Shares |
| Capital World Investors | $141,278,971 | 339,018 | 0.83% | Shares |
| GOLDMAN SACHS GROUP INC | $139,133,917 | 333,871 | 0.81% | Shares |
| NORTHERN TRUST CORP | $139,032,381 | 333,627 | 0.81% | Shares |
| Hamlin Capital Management, LLC | $126,820,941 | 304,324 | 0.74% | Shares |
| CAPTRUST FINANCIAL ADVISORS | $124,607,762 | 299,013 | 0.73% | Shares |
| BANK OF AMERICA CORP /DE/ | $119,291,280 | 286,256 | 0.70% | Shares |
| Bahl & Gaynor LLC | $111,540,285 | 267,656 | 0.65% | Shares |
| ENVESTNET ASSET MANAGEMENT INC | $108,703,116 | 260,848 | 0.64% | Shares |
| PRINCIPAL FINANCIAL GROUP INC | $102,573,018 | 246,130 | 0.60% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $98,034,223 | 235,277 | 0.57% | Shares |
| Bank of New York Mellon Corp | $97,936,888 | 235,013 | 0.57% | Shares |
| CALEDONIA INVESTMENTS PLC | $97,067,669 | 232,927 | 0.57% | Shares |
| CONFLUENCE INVESTMENT MANAGEMENT LLC | $96,991,260 | 320,431 | 0.57% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $92,389,874 | 221,702 | 0.54% | Shares |
| Welch & Forbes LLC | $87,213,345 | 209,280 | 0.51% | Shares |
| JPMORGAN CHASE & CO | $85,021,236 | 207,064 | 0.50% | Shares |
| BROWN BROTHERS HARRIMAN & CO | $84,681,203 | 203,204 | 0.50% | Shares |
| TWO SIGMA ADVISERS, LP | $79,041,731 | 234,580 | 0.46% | Shares |
| Findlay Park Partners LLP | $78,695,293 | 188,840 | 0.46% | Shares |
| DONALDSON CAPITAL MANAGEMENT, LLC | $69,264,520 | 166,210 | 0.41% | Shares |
| AMERIPRISE FINANCIAL INC | $66,963,247 | 160,683 | 0.39% | Shares |
| BROWN ADVISORY INC | $63,207,804 | 151,676 | 0.37% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $62,992,907 | 151,160 | 0.37% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $62,801,211 | 150,700 | 0.37% | Call option |
| Vantage Investment Partners, LLC | $62,522,405 | 171,864 | 0.37% | Shares |
| ROYAL BANK OF CANADA | $61,762,000 | 148,207 | 0.36% | Shares |
| Corient Private Wealth LP | $60,392,265 | 144,919 | 0.35% | Shares |
| CITIGROUP INC | $58,141,336 | 139,518 | 0.34% | Shares |
| WELLINGTON MANAGEMENT GROUP LLP | $55,031,697 | 132,056 | 0.32% | Shares |
| Epoch Investment Partners, Inc. | $54,967,937 | 131,903 | 0.32% | Shares |
Activists & 5%+ owners 1 position
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| Undisclosed reporting person | Aug. 20, 2007 | · | Initial filing | M&A / sale | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
Company insiders 29 insiders · 6 officers · 24 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Albert H Nahmad | Chairman and CEO | March 11, 2026 J | 92 | 0 | 0 | $0 |
| Ana M Menendez | CFO / Treasurer | March 11, 2026 J | 1,573 | 0 | 0 | $0 |
| Aaron J Nahmad | President | March 11, 2026 J | 526 | 0 | 0 | $0 |
| Stephen F. Rush | EVP and COO | March 9, 2020 J | 852 | 0 | 0 | $0 |
| Barry S Logan | Executive Vice President | March 11, 2026 J | 1,802 | 0 | 0 | $0 |
| Terrence C Kelly | Executive Vice President | March 30, 2004 J | 1,107 | 0 | 0 | $0 |
| Ana Lopez-Blazquez | Director | Dec. 12, 2025 M | 293 | 0 | 0 | $0 |
| Denise Dickins | Director | Dec. 5, 2025 G | 21,638 | 0 | 0 | $0 |
| Gary L Tapella | Director | July 24, 2025 A | 5,000 | 0 | 0 | $0 |
| John Michael Custer | Director | June 10, 2025 S | 3,552 | 0 | 0 | $0 |
| Cesar L Alvarez | Director | March 5, 2025 A | 400 | 0 | 0 | $0 |
| John Alexander Macdonald | Director | May 9, 2024 M | 0 | 0 | 0 | $0 |
| Valerie Schimel | Director | June 6, 2022 A | · | 0 | 0 | $0 |
| Steven Rubin | Director | June 6, 2022 A | 608 | 0 | 0 | $0 |
| Bob L Moss | Director | June 1, 2022 M | 36,500 | 0 | 0 | $0 |
| Brian E. Keeley | Director | March 23, 2022 M | 0 | 0 | 0 | $0 |
| George Sape | Director | Aug. 3, 2020 M | 0 | 0 | 0 | $0 |
| Jason Epstein | Director | June 4, 2018 A | · | 0 | 0 | $0 |
| WATSCO INC | Director | June 4, 2018 A | · | 0 | 0 | $0 |
| David C. Darnell | Director | June 5, 2017 A | 5,754 | 0 | 0 | $0 |
| Steven R Fedrizzi | Director | July 1, 2016 A | 2,113 | 0 | 0 | $0 |
| MANLEY PAUL F | Director | Nov. 21, 2014 S | 6,248 | 0 | 0 | $0 |
| Robert L Berner III | Director | Dec. 14, 2007 A | 100 | 0 | 0 | $0 |
| Victor Lopez | Director | June 7, 2007 M | 0 | 0 | 0 | $0 |
| Robert H Dickinson | Director | June 16, 2006 S | 7,000 | 0 | 0 | $0 |
| Frederick H Joseph | Director | March 9, 2006 M | 0 | 0 | 0 | $0 |
| Sherwood M Weiser | Director | June 20, 2005 M | 6,667 | 0 | 0 | $0 |
| UNITED TECHNOLOGIES CORP /DE/ | 10% owner | Feb. 28, 2017 S | 0 | 0 | 0 | $0 |
| Paul W Johnston | · | Aug. 16, 2013 J | 630 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 78 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| NBET · Neuberger Berman ETF Trust | 1.87% | 2,866 NS | July 31, 2026 | N-PORT |
| FDV · Federated Hermes ETF Trust | 0.98% | 27,991 NS | July 31, 2026 | N-PORT |
| MCOW · Pacer Funds Trust | 0.87% | 30 NS | July 31, 2026 | N-PORT |
| IVOV · VANGUARD ADMIRAL FUNDS | 0.84% | 30,058 SH | Aug. 19, 2026 | Daily |
| DVY · iShares Trust | 0.75% | 571,383 SH | Sept. 11, 2026 | Daily |
| GDIV · Harbor ETF Trust | 0.70% | 5,336 NS | July 31, 2026 | N-PORT |
| VBK · VANGUARD INDEX FUNDS | 0.40% | 463,780 SH | Aug. 19, 2026 | Daily |
| IVOO · VANGUARD ADMIRAL FUNDS | 0.40% | 56,546 SH | Aug. 19, 2026 | Daily |
| QVMM · Invesco Exchange-Traded Fund Trust … | 0.35% | 4,662 SH | Oct. 1, 2026 | Daily |
| PTMC · Pacer Funds Trust | 0.31% | 3,867 NS | July 31, 2026 | N-PORT |
| RWK · Invesco Exchange-Traded Fund Trust … | 0.30% | 12,305 SH | Oct. 1, 2026 | Daily |
| MIDU · Direxion Shares ETF Trust | 0.23% | 514 NS | July 31, 2026 | N-PORT |
| EUSA · iShares, Inc. | 0.20% | 12,205 SH | Sept. 11, 2026 | Daily |
| VIS · VANGUARD WORLD FUND | 0.19% | 42,442 SH | Aug. 19, 2026 | Daily |
| HDV · iShares Trust | 0.17% | 83,984 SH | Sept. 11, 2026 | Daily |
| VB · VANGUARD INDEX FUNDS | 0.17% | 802,903 SH | Aug. 19, 2026 | Daily |
| VXF · VANGUARD INDEX FUNDS | 0.16% | 401,726 SH | Aug. 19, 2026 | Daily |
| SIZE · iShares Trust | 0.16% | 2,160 SH | Sept. 11, 2026 | Daily |
| FIDU · FIDELITY COVINGTON TRUST | 0.15% | 11,430 NS | July 31, 2026 | N-PORT |
| SMMD · iShares Trust | 0.15% | 18,605 SH | Sept. 11, 2026 | Daily |
| IYJ · iShares Trust | 0.14% | 8,288 SH | Sept. 11, 2026 | Daily |
| JQUA · J.P. Morgan Exchange-Traded Fund Tr… | 0.13% | 33,243 NS | July 31, 2026 | N-PORT |
| REVS · Columbia ETF Trust I | 0.12% | 1,252 NS | July 31, 2026 | N-PORT |
| IWS · iShares Trust | 0.11% | 51,904 SH | Sept. 11, 2026 | Daily |
| IMCG · iShares Trust | 0.08% | 10,298 SH | Sept. 11, 2026 | Daily |
| IWR · iShares Trust | 0.08% | 143,320 SH | Sept. 11, 2026 | Daily |
| RECS · Columbia ETF Trust I | 0.08% | 14,903 NS | July 31, 2026 | N-PORT |
| IMCB · iShares Trust | 0.08% | 4,090 SH | Sept. 11, 2026 | Daily |
| IMCV · iShares Trust | 0.07% | 2,647 SH | Sept. 11, 2026 | Daily |
| VIG · VANGUARD SPECIALIZED FUNDS | 0.06% | 197,754 SH | Aug. 19, 2026 | Daily |
| VYM · VANGUARD WHITEHALL FUNDS | 0.06% | 139,338 SH | Aug. 19, 2026 | Daily |
| FNX · First Trust Exchange-Traded AlphaDE… | 0.06% | 2,472 NS | July 31, 2026 | N-PORT |
| OMFL · Invesco Exchange-Traded Self-Indexe… | 0.05% | 7,013 SH | Oct. 1, 2026 | Daily |
| USXF · iShares Trust | 0.04% | 2,066 SH | Sept. 11, 2026 | Daily |
| EQAL · Invesco Exchange-Traded Fund Trust … | 0.04% | 1,128 SH | Oct. 1, 2026 | Daily |
| VONV · VANGUARD SCOTTSDALE FUNDS | 0.04% | 21,084 SH | Aug. 19, 2026 | Daily |
| PFM · Invesco Exchange-Traded Fund Trust | 0.04% | 996 SH | Oct. 1, 2026 | Daily |
| VEGN · ETF Series Solutions | 0.04% | 205 NS | July 31, 2026 | N-PORT |
| IUSV · iShares Trust | 0.03% | 30,782 SH | Sept. 11, 2026 | Daily |
| DFUV · Dimensional ETF Trust | 0.03% | 16,830 NS | July 31, 2026 | N-PORT |
| DIVB · iShares Trust | 0.03% | 2,176 SH | Sept. 11, 2026 | Daily |
| DFSU · Dimensional ETF Trust | 0.03% | 2,382 NS | July 31, 2026 | N-PORT |
| DFAC · Dimensional ETF Trust | 0.03% | 48,222 NS | July 31, 2026 | N-PORT |
| IWD · iShares Trust | 0.03% | 77,588 SH | Sept. 11, 2026 | Daily |
| DCOR · Dimensional ETF Trust | 0.03% | 2,979 NS | July 31, 2026 | N-PORT |
| AQLT · iShares Trust | 0.03% | 278 SH | Sept. 11, 2026 | Daily |
| DXUV · Dimensional ETF Trust | 0.02% | 424 NS | July 31, 2026 | N-PORT |
| PRF · Invesco Exchange-Traded Fund Trust | 0.02% | 7,560 SH | Oct. 1, 2026 | Daily |
| IUS · Invesco Exchange-Traded Self-Indexe… | 0.02% | 733 SH | Oct. 1, 2026 | Daily |
| VTI · VANGUARD INDEX FUNDS | 0.02% | 1,111,450 SH | Aug. 19, 2026 | Daily |
| VONE · VANGUARD SCOTTSDALE FUNDS | 0.02% | 5,725 SH | Aug. 19, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.02% | 2,954 SH | Aug. 19, 2026 | Daily |
| ESGV · VANGUARD WORLD FUND | 0.02% | 7,900 SH | Aug. 19, 2026 | Daily |
| ILCG · iShares Trust | 0.02% | 1,824 SH | Sept. 11, 2026 | Daily |
| DFAU · Dimensional ETF Trust | 0.02% | 7,198 NS | July 31, 2026 | N-PORT |
| BKLC · BNY Mellon ETF Trust | 0.02% | 3,090 NS | July 31, 2026 | N-PORT |
| BBUS · J.P. Morgan Exchange-Traded Fund Tr… | 0.02% | 4,815 NS | July 31, 2026 | N-PORT |
| ILCB · iShares Trust | 0.02% | 671 SH | Sept. 11, 2026 | Daily |
| PBUS · Invesco Exchange-Traded Fund Trust … | 0.02% | 6,050 SH | Oct. 1, 2026 | Daily |
| VOXP · Advisors Series Trust | 0.02% | 3 NS | July 31, 2026 | N-PORT |
| IWB · iShares Trust | 0.02% | 24,122 SH | Sept. 11, 2026 | Daily |
| DFUS · Dimensional ETF Trust | 0.02% | 10,469 NS | July 31, 2026 | N-PORT |
| IYY · iShares Trust | 0.02% | 1,490 SH | Sept. 11, 2026 | Daily |
| ITOT · iShares Trust | 0.01% | 45,393 SH | Sept. 11, 2026 | Daily |
| IWV · iShares Trust | 0.01% | 9,492 SH | Sept. 11, 2026 | Daily |
| ILCV · iShares Trust | 0.01% | 622 SH | Sept. 11, 2026 | Daily |
| TOK · iShares Trust | 0.01% | 94 SH | Sept. 11, 2026 | Daily |
| URTH · iShares, Inc. | 0.01% | 3,059 SH | Sept. 11, 2026 | Daily |
| ACWI · iShares Trust | 0.01% | 10,945 SH | Sept. 11, 2026 | Daily |
| VT · VANGUARD INTERNATIONAL EQUITY INDEX… | 0.01% | 30,295 SH | Aug. 19, 2026 | Daily |
| TOV · EA Series Trust | 0.01% | 115 NS | July 31, 2026 | N-PORT |
| TILT · FlexShares Trust | 0.01% | 648 NS | July 31, 2026 | N-PORT |
| DFVX · Dimensional ETF Trust | 0.00% | 64 NS | July 31, 2026 | N-PORT |
| DFLV · Dimensional ETF Trust | 0.00% | 303 NS | July 31, 2026 | N-PORT |
| IJH · iShares Trust | · | 1,228,312 SH | Sept. 11, 2026 | Daily |
| IJJ · iShares Trust | · | 178,486 SH | Aug. 21, 2026 | Daily |
| XJH · iShares Trust | · | 4,782 SH | Sept. 8, 2026 | Daily |
| SMLF · iShares Trust | · | 21,430 SH | Sept. 11, 2026 | Daily |
WSO Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
rating · 23 analysts
HOLD
Median target
$367.50
+23.5%
2 8.7%
Strong Buy
0 0.0%
Buy
14 60.9%
Hold
5 21.7%
Sell
2 8.7%
Strong Sell
12-Month Price Target
10 analysts · 2026-09-28Mean target $379.20 +27.5%
← Below all targets
Current price $297.47
Low$330.00
Mean$379.20
High$485.00
Peer comparison (GICS sub-industry) Key metrics vs sector peers
FY basis, prices as of each company's last fiscal year-end close.
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| WSO | $13.14B | 27.5 | -5.0% | 6.9% | 18.3% | 28.1% |
| GWW | $47.85B | 28.5 | 4.5% | 9.5% | 48.1% | 39.1% |
| FAST | $46.07B | 36.8 | 8.7% | 15.3% | 33.0% | 45.0% |
| FERG | · | 24.0 | 3.8% | 6.0% | 32.3% | 30.7% |
| SUNB | $31.40B | 24.3 | 3.4% | 11.9% | 17.7% | 38.5% |
| WCC | $11.90B | 18.7 | 7.8% | 2.7% | 12.8% | · |
| AIT | $12.44B | 30.9 | 8.8% | 8.3% | 22.4% | 30.3% |
| QXO | $13.01B | -30.6 | 11925.0% | -4.1% | -2.9% | 23.0% |
| CNM | · | 23.1 | 2.8% | 5.8% | 23.9% | 26.9% |
| MSM | · | 25.3 | -1.4% | 5.3% | 14.3% | 40.8% |
| URI | $51.06B | 21.0 | 4.9% | 15.5% | 28.4% | 38.2% |
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Source: SEC 10-Q filed Aug 7, 2026