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Side-by-side financial comparison of Albemarle Corporation (ALB) and WATSCO INC (WSO). Click either name above to swap in a different company.
WATSCO INC is the larger business by last-quarter revenue ($1.5B vs $1.4B, roughly 1.1× Albemarle Corporation). WATSCO INC runs the higher net margin — 6.1% vs -29.0%, a 35.1% gap on every dollar of revenue. On growth, Albemarle Corporation posted the faster year-over-year revenue change (15.9% vs 0.1%). Over the past eight quarters, Albemarle Corporation's revenue compounded faster (2.4% CAGR vs -15.3%).
Albemarle Corporation develops, manufactures, and markets engineered specialty chemicals worldwide. It operates through three segments: Lithium, Bromine, and Catalysts. The Lithium segment offers lithium compounds, including lithium carbonate, lithium hydroxide, lithium chloride, and lithium specialties; and reagents, such as butyllithium and lithium aluminum hydride for use in lithium batteries for consumer electronics and electric vehicles, high performance greases, thermoplastic elastomers...
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.
ALB vs WSO — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $1.5B |
| Net Profit | $-414.2M | $92.9M |
| Gross Margin | 13.9% | 27.9% |
| Operating Margin | -15.2% | 7.2% |
| Net Margin | -29.0% | 6.1% |
| Revenue YoY | 15.9% | 0.1% |
| Net Profit YoY | -650.1% | -1.7% |
| EPS (diluted) | $-3.88 | — |
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.
| Q1 26 | — | $1.5B | ||
| Q4 25 | $1.4B | $1.6B | ||
| Q3 25 | $1.3B | $2.1B | ||
| Q2 25 | $1.3B | $2.1B | ||
| Q1 25 | $1.1B | $1.5B | ||
| Q4 24 | $1.2B | $1.8B | ||
| Q3 24 | $1.4B | $2.2B | ||
| Q2 24 | $1.4B | $2.1B |
| Q1 26 | — | $92.9M | ||
| Q4 25 | $-414.2M | $71.7M | ||
| Q3 25 | $-160.7M | $161.6M | ||
| Q2 25 | $22.9M | $183.6M | ||
| Q1 25 | $41.3M | $80.1M | ||
| Q4 24 | $75.3M | $96.8M | ||
| Q3 24 | $-1.1B | $171.0M | ||
| Q2 24 | $-188.2M | $181.4M |
| Q1 26 | — | 27.9% | ||
| Q4 25 | 13.9% | 27.1% | ||
| Q3 25 | 9.0% | 27.5% | ||
| Q2 25 | 14.8% | 29.3% | ||
| Q1 25 | 14.5% | 28.1% | ||
| Q4 24 | 11.2% | 26.7% | ||
| Q3 24 | -7.7% | 26.2% | ||
| Q2 24 | -0.7% | 27.1% |
| Q1 26 | — | 7.2% | ||
| Q4 25 | -15.2% | 6.4% | ||
| Q3 25 | -16.6% | 11.4% | ||
| Q2 25 | 3.6% | 13.2% | ||
| Q1 25 | 1.8% | 7.3% | ||
| Q4 24 | 0.4% | 7.8% | ||
| Q3 24 | -81.9% | 11.6% | ||
| Q2 24 | -34.4% | 12.6% |
| Q1 26 | — | 6.1% | ||
| Q4 25 | -29.0% | 4.5% | ||
| Q3 25 | -12.3% | 7.8% | ||
| Q2 25 | 1.7% | 8.9% | ||
| Q1 25 | 3.8% | 5.2% | ||
| Q4 24 | 6.1% | 5.5% | ||
| Q3 24 | -78.9% | 7.9% | ||
| Q2 24 | -13.2% | 8.5% |
| Q1 26 | — | — | ||
| Q4 25 | $-3.88 | $1.82 | ||
| Q3 25 | $-1.72 | $3.98 | ||
| Q2 25 | $-0.16 | $4.52 | ||
| Q1 25 | $0.00 | $1.93 | ||
| Q4 24 | $0.29 | $2.42 | ||
| Q3 24 | $-9.45 | $4.22 | ||
| Q2 24 | $-1.96 | $4.49 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $392.7M |
| Total DebtLower is stronger | $3.2B | — |
| Stockholders' EquityBook value | $9.5B | $3.2B |
| Total Assets | $16.4B | $4.6B |
| Debt / EquityLower = less leverage | 0.33× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $392.7M | ||
| Q4 25 | — | $733.3M | ||
| Q3 25 | $1.9B | $524.3M | ||
| Q2 25 | $1.8B | $293.0M | ||
| Q1 25 | $1.5B | $431.8M | ||
| Q4 24 | $1.2B | $781.9M | ||
| Q3 24 | $1.7B | $550.0M | ||
| Q2 24 | $1.8B | $424.9M |
| Q1 26 | — | — | ||
| Q4 25 | $3.2B | $361.6M | ||
| Q3 25 | $3.6B | $340.8M | ||
| Q2 25 | $3.6B | $338.7M | ||
| Q1 25 | $3.5B | $346.4M | ||
| Q4 24 | $3.5B | $337.2M | ||
| Q3 24 | $3.6B | $321.0M | ||
| Q2 24 | $3.5B | $307.1M |
| Q1 26 | — | $3.2B | ||
| Q4 25 | $9.5B | $2.8B | ||
| Q3 25 | $10.0B | $2.8B | ||
| Q2 25 | $10.2B | $2.8B | ||
| Q1 25 | $10.0B | $2.7B | ||
| Q4 24 | $10.0B | $2.7B | ||
| Q3 24 | $10.2B | $2.7B | ||
| Q2 24 | $11.2B | $2.6B |
| Q1 26 | — | $4.6B | ||
| Q4 25 | $16.4B | $4.4B | ||
| Q3 25 | $17.1B | $4.6B | ||
| Q2 25 | $17.3B | $4.7B | ||
| Q1 25 | $17.0B | $4.5B | ||
| Q4 24 | $16.6B | $4.5B | ||
| Q3 24 | $17.5B | $4.5B | ||
| Q2 24 | $18.4B | $4.4B |
| Q1 26 | — | — | ||
| Q4 25 | 0.33× | 0.13× | ||
| Q3 25 | 0.36× | 0.12× | ||
| Q2 25 | 0.35× | 0.12× | ||
| Q1 25 | 0.35× | 0.13× | ||
| Q4 24 | 0.35× | 0.13× | ||
| Q3 24 | 0.35× | 0.12× | ||
| Q2 24 | 0.31× | 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 | $388.5M | — |
| Free Cash FlowOCF − Capex | $233.1M | — |
| FCF MarginFCF / Revenue | 16.3% | — |
| Capex IntensityCapex / Revenue | 10.9% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $692.5M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $388.5M | $399.8M | ||
| Q3 25 | $355.6M | $354.9M | ||
| Q2 25 | $-7.2M | $-7.4M | ||
| Q1 25 | $545.4M | $-177.6M | ||
| Q4 24 | $674.0K | $378.9M | ||
| Q3 24 | $240.5M | $232.8M | ||
| Q2 24 | $362.9M | $57.7M |
| Q1 26 | — | — | ||
| Q4 25 | $233.1M | $388.5M | ||
| Q3 25 | $223.4M | $346.1M | ||
| Q2 25 | $-126.8M | $-14.3M | ||
| Q1 25 | $362.8M | $-185.2M | ||
| Q4 24 | $-355.1M | $370.9M | ||
| Q3 24 | $-62.6M | $223.0M | ||
| Q2 24 | $-84.7M | $51.3M |
| Q1 26 | — | — | ||
| Q4 25 | 16.3% | 24.6% | ||
| Q3 25 | 17.1% | 16.7% | ||
| Q2 25 | -9.5% | -0.7% | ||
| Q1 25 | 33.7% | -12.1% | ||
| Q4 24 | -28.8% | 21.1% | ||
| Q3 24 | -4.6% | 10.3% | ||
| Q2 24 | -5.9% | 2.4% |
| Q1 26 | — | — | ||
| Q4 25 | 10.9% | 0.7% | ||
| Q3 25 | 10.1% | 0.4% | ||
| Q2 25 | 9.0% | 0.3% | ||
| Q1 25 | 17.0% | 0.5% | ||
| Q4 24 | 28.9% | 0.5% | ||
| Q3 24 | 22.4% | 0.5% | ||
| Q2 24 | 31.3% | 0.3% |
| Q1 26 | — | — | ||
| Q4 25 | — | 5.57× | ||
| Q3 25 | — | 2.20× | ||
| Q2 25 | -0.31× | -0.04× | ||
| Q1 25 | 13.19× | -2.22× | ||
| Q4 24 | 0.01× | 3.91× | ||
| Q3 24 | — | 1.36× | ||
| Q2 24 | — | 0.32× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ALB
| Energy Storage | $759.1M | 53% |
| Specialties | $348.9M | 24% |
| Ketjen | $320.1M | 22% |
WSO
Segment breakdown not available.
