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Side-by-side financial comparison of Datadog (DDOG) and WATSCO INC (WSO). Click either name above to swap in a different company.
WATSCO INC is the larger business by last-quarter revenue ($1.6B vs $953.2M, roughly 1.7× Datadog). Datadog runs the higher net margin — 4.9% vs 4.5%, a 0.3% gap on every dollar of revenue. On growth, Datadog posted the faster year-over-year revenue change (29.2% vs -10.0%). WATSCO INC produced more free cash flow last quarter ($388.5M vs $318.2M). Over the past eight quarters, Datadog's revenue compounded faster (24.9% CAGR vs 0.4%).
Datadog, Inc. is an American company that provides an observability service for cloud-scale applications, providing monitoring of servers, databases, tools, and services, through a SaaS-based data analytics platform. Founded and headquartered in New York City, the company is a publicly traded entity on the Nasdaq stock exchange.
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.
DDOG vs WSO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $953.2M | $1.6B |
| Net Profit | $46.6M | $71.7M |
| Gross Margin | 80.4% | 27.1% |
| Operating Margin | 1.0% | 6.4% |
| Net Margin | 4.9% | 4.5% |
| Revenue YoY | 29.2% | -10.0% |
| Net Profit YoY | 2.1% | -25.9% |
| EPS (diluted) | $0.13 | $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 | $953.2M | $1.6B | ||
| Q3 25 | $885.7M | $2.1B | ||
| Q2 25 | $826.8M | $2.1B | ||
| Q1 25 | $761.6M | $1.5B | ||
| Q4 24 | $737.7M | $1.8B | ||
| Q3 24 | $690.0M | $2.2B | ||
| Q2 24 | $645.3M | $2.1B | ||
| Q1 24 | $611.3M | $1.6B |
| Q4 25 | $46.6M | $71.7M | ||
| Q3 25 | $33.9M | $161.6M | ||
| Q2 25 | $2.6M | $183.6M | ||
| Q1 25 | $24.6M | $80.1M | ||
| Q4 24 | $45.6M | $96.8M | ||
| Q3 24 | $51.7M | $171.0M | ||
| Q2 24 | $43.8M | $181.4M | ||
| Q1 24 | $42.6M | $87.0M |
| Q4 25 | 80.4% | 27.1% | ||
| Q3 25 | 80.1% | 27.5% | ||
| Q2 25 | 79.9% | 29.3% | ||
| Q1 25 | 79.3% | 28.1% | ||
| Q4 24 | 80.5% | 26.7% | ||
| Q3 24 | 80.0% | 26.2% | ||
| Q2 24 | 80.9% | 27.1% | ||
| Q1 24 | 82.0% | 27.5% |
| Q4 25 | 1.0% | 6.4% | ||
| Q3 25 | -0.7% | 11.4% | ||
| Q2 25 | -4.3% | 13.2% | ||
| Q1 25 | -1.6% | 7.3% | ||
| Q4 24 | 1.3% | 7.8% | ||
| Q3 24 | 2.9% | 11.6% | ||
| Q2 24 | 2.0% | 12.6% | ||
| Q1 24 | 2.0% | 8.1% |
| Q4 25 | 4.9% | 4.5% | ||
| Q3 25 | 3.8% | 7.8% | ||
| Q2 25 | 0.3% | 8.9% | ||
| Q1 25 | 3.2% | 5.2% | ||
| Q4 24 | 6.2% | 5.5% | ||
| Q3 24 | 7.5% | 7.9% | ||
| Q2 24 | 6.8% | 8.5% | ||
| Q1 24 | 7.0% | 5.6% |
| Q4 25 | $0.13 | $1.82 | ||
| Q3 25 | $0.10 | $3.98 | ||
| Q2 25 | $0.01 | $4.52 | ||
| Q1 25 | $0.07 | $1.93 | ||
| Q4 24 | $0.14 | $2.42 | ||
| Q3 24 | $0.14 | $4.22 | ||
| Q2 24 | $0.12 | $4.49 | ||
| Q1 24 | $0.12 | $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 | $401.3M | $733.3M |
| Total DebtLower is stronger | — | $361.6M |
| Stockholders' EquityBook value | $3.7B | $2.8B |
| Total Assets | $6.6B | $4.4B |
| Debt / EquityLower = less leverage | — | 0.13× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $401.3M | $733.3M | ||
| Q3 25 | $540.6M | $524.3M | ||
| Q2 25 | $489.0M | $293.0M | ||
| Q1 25 | $1.1B | $431.8M | ||
| Q4 24 | $1.2B | $781.9M | ||
| Q3 24 | $337.4M | $550.0M | ||
| Q2 24 | $411.0M | $424.9M | ||
| Q1 24 | $282.2M | $478.9M |
| Q4 25 | — | $361.6M | ||
| Q3 25 | — | $340.8M | ||
| Q2 25 | — | $338.7M | ||
| Q1 25 | — | $346.4M | ||
| Q4 24 | — | $337.2M | ||
| Q3 24 | — | $321.0M | ||
| Q2 24 | — | $307.1M | ||
| Q1 24 | — | $306.3M |
| Q4 25 | $3.7B | $2.8B | ||
| Q3 25 | $3.4B | $2.8B | ||
| Q2 25 | $3.2B | $2.8B | ||
| Q1 25 | $2.9B | $2.7B | ||
| Q4 24 | $2.7B | $2.7B | ||
| Q3 24 | $2.6B | $2.7B | ||
| Q2 24 | $2.4B | $2.6B | ||
| Q1 24 | $2.2B | $2.5B |
| Q4 25 | $6.6B | $4.4B | ||
| Q3 25 | $6.1B | $4.6B | ||
| Q2 25 | $5.8B | $4.7B | ||
| Q1 25 | $6.0B | $4.5B | ||
| Q4 24 | $5.8B | $4.5B | ||
| Q3 24 | $4.6B | $4.5B | ||
| Q2 24 | $4.4B | $4.4B | ||
| Q1 24 | $4.1B | $4.4B |
| Q4 25 | — | 0.13× | ||
| Q3 25 | — | 0.12× | ||
| Q2 25 | — | 0.12× | ||
| Q1 25 | — | 0.13× | ||
| Q4 24 | — | 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 | $327.1M | $399.8M |
| Free Cash FlowOCF − Capex | $318.2M | $388.5M |
| FCF MarginFCF / Revenue | 33.4% | 24.6% |
| Capex IntensityCapex / Revenue | 0.9% | 0.7% |
| Cash ConversionOCF / Net Profit | 7.02× | 5.57× |
| TTM Free Cash FlowTrailing 4 quarters | $1.0B | $535.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $327.1M | $399.8M | ||
| Q3 25 | $251.5M | $354.9M | ||
| Q2 25 | $200.1M | $-7.4M | ||
| Q1 25 | $271.5M | $-177.6M | ||
| Q4 24 | $265.2M | $378.9M | ||
| Q3 24 | $228.7M | $232.8M | ||
| Q2 24 | $164.4M | $57.7M | ||
| Q1 24 | $212.3M | $103.7M |
| Q4 25 | $318.2M | $388.5M | ||
| Q3 25 | $234.7M | $346.1M | ||
| Q2 25 | $184.9M | $-14.3M | ||
| Q1 25 | $262.8M | $-185.2M | ||
| Q4 24 | $257.5M | $370.9M | ||
| Q3 24 | $220.3M | $223.0M | ||
| Q2 24 | $160.0M | $51.3M | ||
| Q1 24 | $198.1M | $97.9M |
| Q4 25 | 33.4% | 24.6% | ||
| Q3 25 | 26.5% | 16.7% | ||
| Q2 25 | 22.4% | -0.7% | ||
| Q1 25 | 34.5% | -12.1% | ||
| Q4 24 | 34.9% | 21.1% | ||
| Q3 24 | 31.9% | 10.3% | ||
| Q2 24 | 24.8% | 2.4% | ||
| Q1 24 | 32.4% | 6.3% |
| Q4 25 | 0.9% | 0.7% | ||
| Q3 25 | 1.9% | 0.4% | ||
| Q2 25 | 1.8% | 0.3% | ||
| Q1 25 | 1.1% | 0.5% | ||
| Q4 24 | 1.1% | 0.5% | ||
| Q3 24 | 1.2% | 0.5% | ||
| Q2 24 | 0.7% | 0.3% | ||
| Q1 24 | 2.3% | 0.4% |
| Q4 25 | 7.02× | 5.57× | ||
| Q3 25 | 7.42× | 2.20× | ||
| Q2 25 | 75.58× | -0.04× | ||
| Q1 25 | 11.02× | -2.22× | ||
| Q4 24 | 5.82× | 3.91× | ||
| Q3 24 | 4.42× | 1.36× | ||
| Q2 24 | 3.75× | 0.32× | ||
| Q1 24 | 4.98× | 1.19× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DDOG
| North America | $678.7M | 71% |
| International | $274.5M | 29% |
WSO
Segment breakdown not available.
