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Side-by-side financial comparison of Ameren (AEE) and WATSCO INC (WSO). Click either name above to swap in a different company.
Ameren is the larger business by last-quarter revenue ($1.8B vs $1.6B, roughly 1.1× WATSCO INC). Ameren runs the higher net margin — 14.2% vs 4.5%, a 9.7% gap on every dollar of revenue. On growth, Ameren posted the faster year-over-year revenue change (-8.2% vs -10.0%). WATSCO INC produced more free cash flow last quarter ($388.5M vs $-54.0M). Over the past eight quarters, WATSCO INC's revenue compounded faster (0.4% CAGR vs -0.9%).
Ameren Corporation, together with its subsidiaries, operates as a public utility holding company in the United States. It operates through four segments: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Transmission. The company engages in the rate-regulated electric generation, transmission, and distribution activities; and rate-regulated natural gas distribution and transmission businesses. It primarily generates electricity through coal, nucle...
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.
AEE vs WSO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.8B | $1.6B |
| Net Profit | $253.0M | $71.7M |
| Gross Margin | — | 27.1% |
| Operating Margin | 20.2% | 6.4% |
| Net Margin | 14.2% | 4.5% |
| Revenue YoY | -8.2% | -10.0% |
| Net Profit YoY | 21.6% | -25.9% |
| EPS (diluted) | $0.92 | $1.82 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $1.8B | $1.6B | ||
| Q3 25 | $2.7B | $2.1B | ||
| Q2 25 | $2.2B | $2.1B | ||
| Q1 25 | $2.1B | $1.5B | ||
| Q4 24 | $1.9B | $1.8B | ||
| Q3 24 | $2.2B | $2.2B | ||
| Q2 24 | $1.7B | $2.1B | ||
| Q1 24 | $1.8B | $1.6B |
| Q4 25 | $253.0M | $71.7M | ||
| Q3 25 | $641.0M | $161.6M | ||
| Q2 25 | $277.0M | $183.6M | ||
| Q1 25 | $290.0M | $80.1M | ||
| Q4 24 | $208.0M | $96.8M | ||
| Q3 24 | $457.0M | $171.0M | ||
| Q2 24 | $260.0M | $181.4M | ||
| Q1 24 | $262.0M | $87.0M |
| Q4 25 | — | 27.1% | ||
| Q3 25 | — | 27.5% | ||
| Q2 25 | — | 29.3% | ||
| Q1 25 | — | 28.1% | ||
| Q4 24 | — | 26.7% | ||
| Q3 24 | — | 26.2% | ||
| Q2 24 | — | 27.1% | ||
| Q1 24 | — | 27.5% |
| Q4 25 | 20.2% | 6.4% | ||
| Q3 25 | 30.6% | 11.4% | ||
| Q2 25 | 18.5% | 13.2% | ||
| Q1 25 | 20.5% | 7.3% | ||
| Q4 24 | 10.2% | 7.8% | ||
| Q3 24 | 27.0% | 11.6% | ||
| Q2 24 | 21.3% | 12.6% | ||
| Q1 24 | 20.4% | 8.1% |
| Q4 25 | 14.2% | 4.5% | ||
| Q3 25 | 23.7% | 7.8% | ||
| Q2 25 | 12.5% | 8.9% | ||
| Q1 25 | 13.8% | 5.2% | ||
| Q4 24 | 10.7% | 5.5% | ||
| Q3 24 | 21.0% | 7.9% | ||
| Q2 24 | 15.4% | 8.5% | ||
| Q1 24 | 14.4% | 5.6% |
| Q4 25 | $0.92 | $1.82 | ||
| Q3 25 | $2.35 | $3.98 | ||
| Q2 25 | $1.01 | $4.52 | ||
| Q1 25 | $1.07 | $1.93 | ||
| Q4 24 | $0.77 | $2.42 | ||
| Q3 24 | $1.70 | $4.22 | ||
| Q2 24 | $0.97 | $4.49 | ||
| Q1 24 | $0.98 | $2.17 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $13.0M | $733.3M |
| Total DebtLower is stronger | $19.4B | $361.6M |
| Stockholders' EquityBook value | $13.4B | $2.8B |
| Total Assets | $48.5B | $4.4B |
| Debt / EquityLower = less leverage | 1.45× | 0.13× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $13.0M | $733.3M | ||
| Q3 25 | $9.0M | $524.3M | ||
| Q2 25 | $11.0M | $293.0M | ||
| Q1 25 | $23.0M | $431.8M | ||
| Q4 24 | $7.0M | $781.9M | ||
| Q3 24 | $17.0M | $550.0M | ||
| Q2 24 | $19.0M | $424.9M | ||
| Q1 24 | $85.0M | $478.9M |
| Q4 25 | $19.4B | $361.6M | ||
| Q3 25 | — | $340.8M | ||
| Q2 25 | — | $338.7M | ||
| Q1 25 | — | $346.4M | ||
| Q4 24 | $17.8B | $337.2M | ||
| Q3 24 | — | $321.0M | ||
| Q2 24 | — | $307.1M | ||
| Q1 24 | — | $306.3M |
| Q4 25 | $13.4B | $2.8B | ||
| Q3 25 | $12.8B | $2.8B | ||
| Q2 25 | $12.3B | $2.8B | ||
| Q1 25 | $12.2B | $2.7B | ||
| Q4 24 | $12.1B | $2.7B | ||
| Q3 24 | $11.8B | $2.7B | ||
| Q2 24 | $11.5B | $2.6B | ||
| Q1 24 | $11.4B | $2.5B |
| Q4 25 | $48.5B | $4.4B | ||
| Q3 25 | $47.4B | $4.6B | ||
| Q2 25 | $46.6B | $4.7B | ||
| Q1 25 | $45.7B | $4.5B | ||
| Q4 24 | $44.6B | $4.5B | ||
| Q3 24 | $43.3B | $4.5B | ||
| Q2 24 | $42.3B | $4.4B | ||
| Q1 24 | $41.3B | $4.4B |
| Q4 25 | 1.45× | 0.13× | ||
| Q3 25 | — | 0.12× | ||
| Q2 25 | — | 0.12× | ||
| Q1 25 | — | 0.13× | ||
| Q4 24 | 1.47× | 0.13× | ||
| Q3 24 | — | 0.12× | ||
| Q2 24 | — | 0.12× | ||
| Q1 24 | — | 0.12× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $956.0M | $399.8M |
| Free Cash FlowOCF − Capex | $-54.0M | $388.5M |
| FCF MarginFCF / Revenue | -3.0% | 24.6% |
| Capex IntensityCapex / Revenue | 56.7% | 0.7% |
| Cash ConversionOCF / Net Profit | 3.78× | 5.57× |
| TTM Free Cash FlowTrailing 4 quarters | $-775.0M | $535.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $956.0M | $399.8M | ||
| Q3 25 | $1.1B | $354.9M | ||
| Q2 25 | $862.0M | $-7.4M | ||
| Q1 25 | $431.0M | $-177.6M | ||
| Q4 24 | $817.0M | $378.9M | ||
| Q3 24 | $897.0M | $232.8M | ||
| Q2 24 | $557.0M | $57.7M | ||
| Q1 24 | $492.0M | $103.7M |
| Q4 25 | $-54.0M | $388.5M | ||
| Q3 25 | $116.0M | $346.1M | ||
| Q2 25 | $-204.0M | $-14.3M | ||
| Q1 25 | $-633.0M | $-185.2M | ||
| Q4 24 | $-473.0M | $370.9M | ||
| Q3 24 | $-240.0M | $223.0M | ||
| Q2 24 | $-445.0M | $51.3M | ||
| Q1 24 | $-398.0M | $97.9M |
| Q4 25 | -3.0% | 24.6% | ||
| Q3 25 | 4.3% | 16.7% | ||
| Q2 25 | -9.2% | -0.7% | ||
| Q1 25 | -30.2% | -12.1% | ||
| Q4 24 | -24.4% | 21.1% | ||
| Q3 24 | -11.0% | 10.3% | ||
| Q2 24 | -26.3% | 2.4% | ||
| Q1 24 | -21.9% | 6.3% |
| Q4 25 | 56.7% | 0.7% | ||
| Q3 25 | 36.6% | 0.4% | ||
| Q2 25 | 48.0% | 0.3% | ||
| Q1 25 | 50.7% | 0.5% | ||
| Q4 24 | 66.5% | 0.5% | ||
| Q3 24 | 52.3% | 0.5% | ||
| Q2 24 | 59.2% | 0.3% | ||
| Q1 24 | 49.0% | 0.4% |
| Q4 25 | 3.78× | 5.57× | ||
| Q3 25 | 1.72× | 2.20× | ||
| Q2 25 | 3.11× | -0.04× | ||
| Q1 25 | 1.49× | -2.22× | ||
| Q4 24 | 3.93× | 3.91× | ||
| Q3 24 | 1.96× | 1.36× | ||
| Q2 24 | 2.14× | 0.32× | ||
| Q1 24 | 1.88× | 1.19× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
