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Side-by-side financial comparison of BRUNSWICK CORP (BC) 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× BRUNSWICK CORP). WATSCO INC runs the higher net margin — 6.1% vs 1.5%, a 4.5% gap on every dollar of revenue. On growth, BRUNSWICK CORP posted the faster year-over-year revenue change (17.3% vs 0.1%). Over the past eight quarters, BRUNSWICK CORP's revenue compounded faster (-2.3% CAGR vs -15.3%).
Brunswick Corporation, formerly known as the Brunswick-Balke-Collender Company, is an American corporation that has been developing, manufacturing and marketing a wide variety of products since 1845. Brunswick has more than 13,000 employees in 24 countries. Brunswick owns a number of brands, including Mercury Marine. In 2024, Brunswick reported sales of US$5.2 billion. Brunswick's global headquarters is in the northern Chicago suburb of Mettawa, Illinois.
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.
BC vs WSO — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $1.5B |
| Net Profit | $21.0M | $92.9M |
| Gross Margin | 24.9% | 27.9% |
| Operating Margin | 3.6% | 7.2% |
| Net Margin | 1.5% | 6.1% |
| Revenue YoY | 17.3% | 0.1% |
| Net Profit YoY | — | -1.7% |
| EPS (diluted) | $0.32 | — |
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 | $1.4B | $1.5B | ||
| Q4 25 | $1.3B | $1.6B | ||
| Q3 25 | $1.4B | $2.1B | ||
| Q2 25 | $1.4B | $2.1B | ||
| Q1 25 | $1.2B | $1.5B | ||
| Q4 24 | $1.2B | $1.8B | ||
| Q3 24 | $1.3B | $2.2B | ||
| Q2 24 | $1.4B | $2.1B |
| Q1 26 | $21.0M | $92.9M | ||
| Q4 25 | $18.7M | $71.7M | ||
| Q3 25 | $-235.5M | $161.6M | ||
| Q2 25 | $59.3M | $183.6M | ||
| Q1 25 | $20.2M | $80.1M | ||
| Q4 24 | $-82.5M | $96.8M | ||
| Q3 24 | $44.6M | $171.0M | ||
| Q2 24 | $100.0M | $181.4M |
| Q1 26 | 24.9% | 27.9% | ||
| Q4 25 | 23.1% | 27.1% | ||
| Q3 25 | 25.8% | 27.5% | ||
| Q2 25 | 25.5% | 29.3% | ||
| Q1 25 | 24.9% | 28.1% | ||
| Q4 24 | 21.9% | 26.7% | ||
| Q3 24 | 26.2% | 26.2% | ||
| Q2 24 | 27.1% | 27.1% |
| Q1 26 | 3.6% | 7.2% | ||
| Q4 25 | 3.1% | 6.4% | ||
| Q3 25 | -17.8% | 11.4% | ||
| Q2 25 | 7.1% | 13.2% | ||
| Q1 25 | 4.6% | 7.3% | ||
| Q4 24 | -4.8% | 7.8% | ||
| Q3 24 | 7.7% | 11.6% | ||
| Q2 24 | 11.0% | 12.6% |
| Q1 26 | 1.5% | 6.1% | ||
| Q4 25 | 1.4% | 4.5% | ||
| Q3 25 | -17.3% | 7.8% | ||
| Q2 25 | 4.1% | 8.9% | ||
| Q1 25 | 1.7% | 5.2% | ||
| Q4 24 | -7.1% | 5.5% | ||
| Q3 24 | 3.5% | 7.9% | ||
| Q2 24 | 6.9% | 8.5% |
| Q1 26 | $0.32 | — | ||
| Q4 25 | $0.32 | $1.82 | ||
| Q3 25 | $-3.59 | $3.98 | ||
| Q2 25 | $0.89 | $4.52 | ||
| Q1 25 | $0.30 | $1.93 | ||
| Q4 24 | $-1.21 | $2.42 | ||
| Q3 24 | $0.67 | $4.22 | ||
| Q2 24 | $1.48 | $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 | $277.8M | $392.7M |
| Total DebtLower is stronger | $490.2M | — |
| Stockholders' EquityBook value | $1.6B | $3.2B |
| Total Assets | $5.5B | $4.6B |
| Debt / EquityLower = less leverage | 0.31× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $277.8M | $392.7M | ||
| Q4 25 | $256.8M | $733.3M | ||
| Q3 25 | $297.7M | $524.3M | ||
| Q2 25 | $315.7M | $293.0M | ||
| Q1 25 | $286.7M | $431.8M | ||
| Q4 24 | $269.0M | $781.9M | ||
| Q3 24 | $284.1M | $550.0M | ||
| Q2 24 | $494.5M | $424.9M |
| Q1 26 | $490.2M | — | ||
| Q4 25 | $2.1B | $361.6M | ||
| Q3 25 | — | $340.8M | ||
| Q2 25 | — | $338.7M | ||
| Q1 25 | — | $346.4M | ||
| Q4 24 | $2.4B | $337.2M | ||
| Q3 24 | — | $321.0M | ||
| Q2 24 | — | $307.1M |
| Q1 26 | $1.6B | $3.2B | ||
| Q4 25 | $1.6B | $2.8B | ||
| Q3 25 | $1.6B | $2.8B | ||
| Q2 25 | $1.9B | $2.8B | ||
| Q1 25 | $1.9B | $2.7B | ||
| Q4 24 | $1.9B | $2.7B | ||
| Q3 24 | $2.0B | $2.7B | ||
| Q2 24 | $2.0B | $2.6B |
| Q1 26 | $5.5B | $4.6B | ||
| Q4 25 | $5.3B | $4.4B | ||
| Q3 25 | $5.4B | $4.6B | ||
| Q2 25 | $5.8B | $4.7B | ||
| Q1 25 | $5.9B | $4.5B | ||
| Q4 24 | $5.7B | $4.5B | ||
| Q3 24 | $6.0B | $4.5B | ||
| Q2 24 | $6.4B | $4.4B |
| Q1 26 | 0.31× | — | ||
| Q4 25 | 1.30× | 0.13× | ||
| Q3 25 | — | 0.12× | ||
| Q2 25 | — | 0.12× | ||
| Q1 25 | — | 0.13× | ||
| Q4 24 | 1.25× | 0.13× | ||
| Q3 24 | — | 0.12× | ||
| Q2 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 | — | — |
| Free Cash FlowOCF − Capex | $-116.8M | — |
| FCF MarginFCF / Revenue | -8.5% | — |
| Capex IntensityCapex / Revenue | 4.2% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $344.6M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $132.9M | $399.8M | ||
| Q3 25 | $140.4M | $354.9M | ||
| Q2 25 | $316.2M | $-7.4M | ||
| Q1 25 | $-27.4M | $-177.6M | ||
| Q4 24 | $306.4M | $378.9M | ||
| Q3 24 | $67.4M | $232.8M | ||
| Q2 24 | $211.0M | $57.7M |
| Q1 26 | $-116.8M | — | ||
| Q4 25 | $83.6M | $388.5M | ||
| Q3 25 | $106.5M | $346.1M | ||
| Q2 25 | $271.3M | $-14.3M | ||
| Q1 25 | $-65.1M | $-185.2M | ||
| Q4 24 | $276.1M | $370.9M | ||
| Q3 24 | $31.4M | $223.0M | ||
| Q2 24 | $163.9M | $51.3M |
| Q1 26 | -8.5% | — | ||
| Q4 25 | 6.3% | 24.6% | ||
| Q3 25 | 7.8% | 16.7% | ||
| Q2 25 | 18.7% | -0.7% | ||
| Q1 25 | -5.3% | -12.1% | ||
| Q4 24 | 23.9% | 21.1% | ||
| Q3 24 | 2.5% | 10.3% | ||
| Q2 24 | 11.4% | 2.4% |
| Q1 26 | 4.2% | — | ||
| Q4 25 | 3.7% | 0.7% | ||
| Q3 25 | 2.5% | 0.4% | ||
| Q2 25 | 3.1% | 0.3% | ||
| Q1 25 | 3.1% | 0.5% | ||
| Q4 24 | 2.6% | 0.5% | ||
| Q3 24 | 2.8% | 0.5% | ||
| Q2 24 | 3.3% | 0.3% |
| Q1 26 | — | — | ||
| Q4 25 | 7.11× | 5.57× | ||
| Q3 25 | — | 2.20× | ||
| Q2 25 | 5.33× | -0.04× | ||
| Q1 25 | -1.36× | -2.22× | ||
| Q4 24 | — | 3.91× | ||
| Q3 24 | 1.51× | 1.36× | ||
| Q2 24 | 2.11× | 0.32× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
