Revenue distribution by sectors:

• HVAC products: approx. 85%
• Refrigeration technology: approx. 10%
• Other: approx. 5%

TOP 3 markets and their percentage shares:

• USA: approx. 70%
• Canada: approx. 15%
• Latin America: approx. 10%

Watsco, Inc. is the largest distributor of air conditioning, heating, and refrigeration products in North America. The majority of revenues come from the sale of HVAC products, which have the largest market share in the USA. Canada and Latin America follow as important markets, with a focus on expanding and strengthening market position in these regions.

Production Sites: USA, Mexico, Canada

Watsco, Inc. is a leading distributor of air conditioning, heating, and refrigeration products. The company does not produce directly, but distributes products from various manufacturers. These manufacturers have production facilities in the USA, Mexico, and Canada. Watsco utilizes strategic partnerships and an extensive distribution network to efficiently distribute its products in North America.

Revenue Growth: 8.5% (2024)
Profit Growth: 10.2% (2024)

Watsco, Inc. pursues a growth strategy based on several pillars. One of the main strategies is expansion through acquisitions. In recent years, the company has deliberately acquired smaller companies to strengthen its market presence and integrate new technologies and product lines.

Another focus is on digitization and improving customer experience. Watsco is investing in digital platforms to simplify the ordering process for customers and increase supply chain efficiency. This also includes expanding e-commerce solutions to better serve the growing online market.

Additionally, Watsco is focusing on sustainability and energy efficiency to meet the increasing industry requirements. The company develops and distributes energy-efficient products that comply with current environmental standards to meet regulatory requirements and appeal to environmentally conscious customers.

Main raw materials: Copper, Aluminum, Steel
Countries of origin: Chile, Canada, China

Watsco, Inc., a leading distributor of air conditioning, heating, and refrigeration products, mainly imports raw materials such as copper, aluminum, and steel. These materials are essential for the production of air conditioning components and systems.

Copper is predominantly imported from Chile, one of the largest copper producers worldwide. Aluminum and steel are often sourced from Canada and China, as these countries are significant producers and exporters of these metals.

These import strategies enable Watsco to optimize production costs and ensure supply security, which is crucial for competitiveness in the HVAC industry.

Market share: Approximately 20% in the HVAC market (2023)
Gross margin: 25.8% (2023)
Net profit margin: 7.5% (2023)

Watsco, Inc. is the largest distributor of air conditioning, heating, and refrigeration products in North America. The company's competitive advantage lies in its extensive distribution infrastructure and wide product portfolio, enabling it to maintain a leading market position.

Another key advantage is the strong relationships with top manufacturers and the ability to grow through strategic acquisitions. The gross margin of 25.8% and net profit margin of 7.5% demonstrate that Watsco operates efficiently and is capable of generating solid profits.

The competitive edge is further enhanced by continuous investment in technology and digital platforms that enhance customer service and increase efficiency. This positions Watsco well to continue to succeed in a competitive market.

Institutional Investor Share: 85% (estimated, based on historical data from 2023) Insider Buys/Sells: No significant transactions (estimated, based on the latest available reports from 2023)

The institutional investor share in Watsco, Inc. was recently around 85%. This demonstrates the confidence of large investment firms in the company's stability and growth potential.

Regarding insider transactions, there were no significant buys or sells in the latest reports, indicating that the management has confidence in the current company strategy. This information is based on the latest available data and may change over time.

Market share of Watsco, Inc.: Estimated around 10% (2025)

Top competitors and their market share:

1. Carrier Global Corporation: around 15%
2. Johnson Controls International: around 12%
3. Daikin Industries: around 11%
4. Watsco, Inc.: around 10%
5. Trane Technologies: around 9%
6. Lennox International: around 8%
7. Ingersoll Rand: around 7%
8. Honeywell International: around 6%
9. Mitsubishi Electric: around 5%
10. Bosch Thermotechnology: around 4%

Watsco, Inc. is a leading player in the distribution of air conditioning and related products. Watsco's market share is approximately 10%, making it a significant player in the industry. Watsco's moat mainly consists of its extensive distribution network and strong customer relationships, enabling the company to operate efficiently and serve a broad customer base.

Compared to its competitors, Watsco has a solid but not necessarily superior moat. Companies like Carrier Global and Johnson Controls have a stronger global presence and a wider range of products, giving them a certain advantage. Daikin Industries and Trane Technologies are also strong competitors with advanced technology and innovation capabilities.

Competition in the industry is intense, and while Watsco can score points through its specialization and efficiency, they must continuously invest in technology and customer service to maintain or increase their market share.

Revenue Growth: 10% (estimated for 2025)
Profit Growth: 8% (estimated for 2025)
Dividend Yield: 3.5% (2024)

Watsco, Inc. is a leading company in the field of air conditioning and heating products in North America. The company has shown solid revenue and profit growth in recent years, attributed to strong demand for its products and services.

Watsco's dividend policy is attractive as the company offers a stable dividend yield of around 3.5%. This makes the stock appealing to investors seeking regular income. Additionally, Watsco has a history of consistent dividend increases, strengthening confidence in the company's future earnings power.

Another positive aspect is the strategic expansion into new markets and investment in technology to increase efficiency and enhance customer service. This could further increase the company's future growth potential.

Overall, Watsco, Inc. could be a good investment for investors interested in a stable company with growth potential and attractive dividends.

Dividend Yield: 3.2% (2025)
Dividend History: Continuous payout for over 20 years

Watsco, Inc. regularly pays a dividend and has a long history of dividend payments, indicating a reliable payout. The company has consistently increased its dividend over the years, which is a sign of financial stability and a strong cash flow position.

The dividend yield of 3.2% in 2025 is attractive and is at the higher end for companies in the heating, ventilation, and air conditioning industry. The continuous increase in dividends demonstrates management's confidence in future earnings prospects and the ability to return capital to shareholders.