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Side-by-side financial comparison of Aptiv (APTV) and WATSCO INC (WSO). Click either name above to swap in a different company.
Aptiv is the larger business by last-quarter revenue ($5.2B vs $1.6B, roughly 3.3× WATSCO INC). WATSCO INC runs the higher net margin — 4.5% vs 2.7%, a 1.9% gap on every dollar of revenue. On growth, Aptiv posted the faster year-over-year revenue change (5.0% vs -10.0%). Aptiv produced more free cash flow last quarter ($651.0M vs $388.5M). Over the past eight quarters, Aptiv's revenue compounded faster (2.5% CAGR vs 0.4%).
Aptiv PLC is an American automotive technology supplier with headquarters in Schaffhausen, Switzerland. Aptiv grew out of the now-defunct American company, Delphi Automotive Systems, which itself was formerly a component of General Motors.
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.
APTV vs WSO — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $5.2B | $1.6B |
| Net Profit | $138.0M | $71.7M |
| Gross Margin | 18.7% | 27.1% |
| Operating Margin | 8.2% | 6.4% |
| Net Margin | 2.7% | 4.5% |
| Revenue YoY | 5.0% | -10.0% |
| Net Profit YoY | -48.5% | -25.9% |
| EPS (diluted) | $0.63 | $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 | $5.2B | $1.6B | ||
| Q3 25 | $5.2B | $2.1B | ||
| Q2 25 | $5.2B | $2.1B | ||
| Q1 25 | $4.8B | $1.5B | ||
| Q4 24 | $4.9B | $1.8B | ||
| Q3 24 | $4.9B | $2.2B | ||
| Q2 24 | $5.1B | $2.1B | ||
| Q1 24 | $4.9B | $1.6B |
| Q4 25 | $138.0M | $71.7M | ||
| Q3 25 | $-355.0M | $161.6M | ||
| Q2 25 | $393.0M | $183.6M | ||
| Q1 25 | $-11.0M | $80.1M | ||
| Q4 24 | $268.0M | $96.8M | ||
| Q3 24 | $363.0M | $171.0M | ||
| Q2 24 | $938.0M | $181.4M | ||
| Q1 24 | $218.0M | $87.0M |
| Q4 25 | 18.7% | 27.1% | ||
| Q3 25 | 19.5% | 27.5% | ||
| Q2 25 | 19.1% | 29.3% | ||
| Q1 25 | 19.1% | 28.1% | ||
| Q4 24 | 19.6% | 26.7% | ||
| Q3 24 | 18.6% | 26.2% | ||
| Q2 24 | 19.2% | 27.1% | ||
| Q1 24 | 17.9% | 27.5% |
| Q4 25 | 8.2% | 6.4% | ||
| Q3 25 | -3.4% | 11.4% | ||
| Q2 25 | 9.3% | 13.2% | ||
| Q1 25 | 9.3% | 7.3% | ||
| Q4 24 | 9.8% | 7.8% | ||
| Q3 24 | 10.4% | 11.6% | ||
| Q2 24 | 8.7% | 12.6% | ||
| Q1 24 | 8.5% | 8.1% |
| Q4 25 | 2.7% | 4.5% | ||
| Q3 25 | -6.8% | 7.8% | ||
| Q2 25 | 7.5% | 8.9% | ||
| Q1 25 | -0.2% | 5.2% | ||
| Q4 24 | 5.5% | 5.5% | ||
| Q3 24 | 7.5% | 7.9% | ||
| Q2 24 | 18.6% | 8.5% | ||
| Q1 24 | 4.4% | 5.6% |
| Q4 25 | $0.63 | $1.82 | ||
| Q3 25 | $-1.63 | $3.98 | ||
| Q2 25 | $1.80 | $4.52 | ||
| Q1 25 | $-0.05 | $1.93 | ||
| Q4 24 | $1.22 | $2.42 | ||
| Q3 24 | $1.48 | $4.22 | ||
| Q2 24 | $3.47 | $4.49 | ||
| Q1 24 | $0.79 | $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 | $1.9B | $733.3M |
| Total DebtLower is stronger | $7.5B | $361.6M |
| Stockholders' EquityBook value | $9.2B | $2.8B |
| Total Assets | $23.4B | $4.4B |
| Debt / EquityLower = less leverage | 0.81× | 0.13× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.9B | $733.3M | ||
| Q3 25 | $1.6B | $524.3M | ||
| Q2 25 | $1.4B | $293.0M | ||
| Q1 25 | $1.1B | $431.8M | ||
| Q4 24 | $1.6B | $781.9M | ||
| Q3 24 | $1.8B | $550.0M | ||
| Q2 24 | $2.2B | $424.9M | ||
| Q1 24 | $941.0M | $478.9M |
| Q4 25 | $7.5B | $361.6M | ||
| Q3 25 | $7.6B | $340.8M | ||
| Q2 25 | $7.8B | $338.7M | ||
| Q1 25 | $7.6B | $346.4M | ||
| Q4 24 | $7.8B | $337.2M | ||
| Q3 24 | $8.3B | $321.0M | ||
| Q2 24 | $5.5B | $307.1M | ||
| Q1 24 | $4.7B | $306.3M |
| Q4 25 | $9.2B | $2.8B | ||
| Q3 25 | $9.3B | $2.8B | ||
| Q2 25 | $9.7B | $2.8B | ||
| Q1 25 | $9.0B | $2.7B | ||
| Q4 24 | $8.8B | $2.7B | ||
| Q3 24 | $8.9B | $2.7B | ||
| Q2 24 | $11.5B | $2.6B | ||
| Q1 24 | $11.1B | $2.5B |
| Q4 25 | $23.4B | $4.4B | ||
| Q3 25 | $23.5B | $4.6B | ||
| Q2 25 | $23.9B | $4.7B | ||
| Q1 25 | $23.1B | $4.5B | ||
| Q4 24 | $23.5B | $4.5B | ||
| Q3 24 | $24.8B | $4.5B | ||
| Q2 24 | $24.8B | $4.4B | ||
| Q1 24 | $23.6B | $4.4B |
| Q4 25 | 0.81× | 0.13× | ||
| Q3 25 | 0.82× | 0.12× | ||
| Q2 25 | 0.80× | 0.12× | ||
| Q1 25 | 0.85× | 0.13× | ||
| Q4 24 | 0.89× | 0.13× | ||
| Q3 24 | 0.93× | 0.12× | ||
| Q2 24 | 0.48× | 0.12× | ||
| Q1 24 | 0.42× | 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 | $818.0M | $399.8M |
| Free Cash FlowOCF − Capex | $651.0M | $388.5M |
| FCF MarginFCF / Revenue | 12.6% | 24.6% |
| Capex IntensityCapex / Revenue | 3.2% | 0.7% |
| Cash ConversionOCF / Net Profit | 5.93× | 5.57× |
| TTM Free Cash FlowTrailing 4 quarters | $1.5B | $535.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $818.0M | $399.8M | ||
| Q3 25 | $584.0M | $354.9M | ||
| Q2 25 | $510.0M | $-7.4M | ||
| Q1 25 | $273.0M | $-177.6M | ||
| Q4 24 | $1.1B | $378.9M | ||
| Q3 24 | $499.0M | $232.8M | ||
| Q2 24 | $643.0M | $57.7M | ||
| Q1 24 | $244.0M | $103.7M |
| Q4 25 | $651.0M | $388.5M | ||
| Q3 25 | $441.0M | $346.1M | ||
| Q2 25 | $361.0M | $-14.3M | ||
| Q1 25 | $76.0M | $-185.2M | ||
| Q4 24 | $894.0M | $370.9M | ||
| Q3 24 | $326.0M | $223.0M | ||
| Q2 24 | $417.0M | $51.3M | ||
| Q1 24 | $-21.0M | $97.9M |
| Q4 25 | 12.6% | 24.6% | ||
| Q3 25 | 8.5% | 16.7% | ||
| Q2 25 | 6.9% | -0.7% | ||
| Q1 25 | 1.6% | -12.1% | ||
| Q4 24 | 18.2% | 21.1% | ||
| Q3 24 | 6.7% | 10.3% | ||
| Q2 24 | 8.3% | 2.4% | ||
| Q1 24 | -0.4% | 6.3% |
| Q4 25 | 3.2% | 0.7% | ||
| Q3 25 | 2.7% | 0.4% | ||
| Q2 25 | 2.9% | 0.3% | ||
| Q1 25 | 4.1% | 0.5% | ||
| Q4 24 | 3.4% | 0.5% | ||
| Q3 24 | 3.6% | 0.5% | ||
| Q2 24 | 4.5% | 0.3% | ||
| Q1 24 | 5.4% | 0.4% |
| Q4 25 | 5.93× | 5.57× | ||
| Q3 25 | — | 2.20× | ||
| Q2 25 | 1.30× | -0.04× | ||
| Q1 25 | — | -2.22× | ||
| Q4 24 | 3.96× | 3.91× | ||
| Q3 24 | 1.37× | 1.36× | ||
| Q2 24 | 0.69× | 0.32× | ||
| Q1 24 | 1.12× | 1.19× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
APTV
| Electrical Distribution Systems | $2.3B | 45% |
| Engineered Components Group | $1.4B | 28% |
| Active Safety | $716.0M | 14% |
| User Experience And Other | $564.0M | 11% |
| Smart Vehicle Compute And Software | $154.0M | 3% |
WSO
Segment breakdown not available.
