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Side-by-side financial comparison of Allstate (ALL) 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 $922.0M, roughly 1.7× Allstate). Allstate runs the higher net margin — 266.6% vs 6.1%, a 260.5% gap on every dollar of revenue. On growth, Allstate posted the faster year-over-year revenue change (7.2% vs 0.1%). Over the past eight quarters, WATSCO INC's revenue compounded faster (-15.3% CAGR vs -75.8%).
The Allstate Corporation, together with its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. The company operates through Allstate Protection; Protection Services; Allstate Health and Benefits; and Run-off Property-Liability segments. The Allstate Protection segment offers private passenger auto and homeowners insurance; specialty auto products, including motorcycle, trailer, motor home, and off-road vehicle insurance; other personal ...
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.
ALL vs WSO — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $922.0M | $1.5B |
| Net Profit | $2.5B | $92.9M |
| Gross Margin | — | 27.9% |
| Operating Margin | -1400.3% | 7.2% |
| Net Margin | 266.6% | 6.1% |
| Revenue YoY | 7.2% | 0.1% |
| Net Profit YoY | — | -1.7% |
| EPS (diluted) | $9.25 | — |
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 | $922.0M | $1.5B | ||
| Q4 25 | $17.3B | $1.6B | ||
| Q3 25 | $17.3B | $2.1B | ||
| Q2 25 | $16.6B | $2.1B | ||
| Q1 25 | $16.5B | $1.5B | ||
| Q4 24 | $16.5B | $1.8B | ||
| Q3 24 | $16.6B | $2.2B | ||
| Q2 24 | $15.7B | $2.1B |
| Q1 26 | $2.5B | $92.9M | ||
| Q4 25 | $3.8B | $71.7M | ||
| Q3 25 | $3.7B | $161.6M | ||
| Q2 25 | $2.1B | $183.6M | ||
| Q1 25 | $595.0M | $80.1M | ||
| Q4 24 | $1.9B | $96.8M | ||
| Q3 24 | $1.2B | $171.0M | ||
| Q2 24 | $331.0M | $181.4M |
| Q1 26 | — | 27.9% | ||
| 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 26 | -1400.3% | 7.2% | ||
| Q4 25 | — | 6.4% | ||
| Q3 25 | — | 11.4% | ||
| Q2 25 | — | 13.2% | ||
| Q1 25 | — | 7.3% | ||
| Q4 24 | — | 7.8% | ||
| Q3 24 | — | 11.6% | ||
| Q2 24 | — | 12.6% |
| Q1 26 | 266.6% | 6.1% | ||
| Q4 25 | 22.1% | 4.5% | ||
| Q3 25 | 21.7% | 7.8% | ||
| Q2 25 | 12.7% | 8.9% | ||
| Q1 25 | 3.6% | 5.2% | ||
| Q4 24 | 11.7% | 5.5% | ||
| Q3 24 | 7.2% | 7.9% | ||
| Q2 24 | 2.1% | 8.5% |
| Q1 26 | $9.25 | — | ||
| Q4 25 | $14.24 | $1.82 | ||
| Q3 25 | $13.95 | $3.98 | ||
| Q2 25 | $7.76 | $4.52 | ||
| Q1 25 | $2.11 | $1.93 | ||
| Q4 24 | $7.07 | $2.42 | ||
| Q3 24 | $4.33 | $4.22 | ||
| Q2 24 | $1.13 | $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 | — | — |
| Stockholders' EquityBook value | $31.6B | $3.2B |
| Total Assets | $124.0B | $4.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $392.7M | ||
| Q4 25 | $4.9B | $733.3M | ||
| Q3 25 | $8.7B | $524.3M | ||
| Q2 25 | $9.6B | $293.0M | ||
| Q1 25 | $6.5B | $431.8M | ||
| Q4 24 | $4.5B | $781.9M | ||
| Q3 24 | $7.0B | $550.0M | ||
| Q2 24 | $5.3B | $424.9M |
| Q1 26 | — | — | ||
| Q4 25 | $7.5B | $361.6M | ||
| Q3 25 | $8.1B | $340.8M | ||
| Q2 25 | $8.1B | $338.7M | ||
| Q1 25 | $8.1B | $346.4M | ||
| Q4 24 | $8.1B | $337.2M | ||
| Q3 24 | $8.1B | $321.0M | ||
| Q2 24 | $8.1B | $307.1M |
| Q1 26 | $31.6B | $3.2B | ||
| Q4 25 | $30.6B | $2.8B | ||
| Q3 25 | $27.5B | $2.8B | ||
| Q2 25 | $24.0B | $2.8B | ||
| Q1 25 | $22.1B | $2.7B | ||
| Q4 24 | $21.4B | $2.7B | ||
| Q3 24 | $20.9B | $2.7B | ||
| Q2 24 | $18.6B | $2.6B |
| Q1 26 | $124.0B | $4.6B | ||
| Q4 25 | $119.8B | $4.4B | ||
| Q3 25 | $120.4B | $4.6B | ||
| Q2 25 | $115.9B | $4.7B | ||
| Q1 25 | $115.2B | $4.5B | ||
| Q4 24 | $111.6B | $4.5B | ||
| Q3 24 | $113.7B | $4.5B | ||
| Q2 24 | $108.4B | $4.4B |
| Q1 26 | — | — | ||
| Q4 25 | 0.24× | 0.13× | ||
| Q3 25 | 0.29× | 0.12× | ||
| Q2 25 | 0.34× | 0.12× | ||
| Q1 25 | 0.37× | 0.13× | ||
| Q4 24 | 0.38× | 0.13× | ||
| Q3 24 | 0.39× | 0.12× | ||
| Q2 24 | 0.43× | 0.12× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
