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Side-by-side financial comparison of Everus Construction Group, Inc. (ECG) 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 $1.0B, roughly 1.6× Everus Construction Group, Inc.). Everus Construction Group, Inc. runs the higher net margin — 5.5% vs 4.5%, a 0.9% gap on every dollar of revenue. On growth, Everus Construction Group, Inc. posted the faster year-over-year revenue change (33.2% vs -10.0%). WATSCO INC produced more free cash flow last quarter ($388.5M vs $23.5M). Over the past eight quarters, Everus Construction Group, Inc.'s revenue compounded faster (27.1% CAGR vs 0.4%).
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.
ECG vs WSO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.0B | $1.6B |
| Net Profit | $55.3M | $71.7M |
| Gross Margin | 11.6% | 27.1% |
| Operating Margin | 6.8% | 6.4% |
| Net Margin | 5.5% | 4.5% |
| Revenue YoY | 33.2% | -10.0% |
| Net Profit YoY | 60.4% | -25.9% |
| EPS (diluted) | $1.09 | $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 | $1.0B | $1.6B | ||
| Q3 25 | $986.8M | $2.1B | ||
| Q2 25 | $921.5M | $2.1B | ||
| Q1 25 | $826.6M | $1.5B | ||
| Q4 24 | $759.6M | $1.8B | ||
| Q3 24 | $761.0M | $2.2B | ||
| Q2 24 | $703.4M | $2.1B | ||
| Q1 24 | $625.7M | $1.6B |
| Q4 25 | $55.3M | $71.7M | ||
| Q3 25 | $57.0M | $161.6M | ||
| Q2 25 | $52.8M | $183.6M | ||
| Q1 25 | $36.7M | $80.1M | ||
| Q4 24 | $34.5M | $96.8M | ||
| Q3 24 | $41.8M | $171.0M | ||
| Q2 24 | $39.0M | $181.4M | ||
| Q1 24 | $28.2M | $87.0M |
| Q4 25 | 11.6% | 27.1% | ||
| Q3 25 | 12.6% | 27.5% | ||
| Q2 25 | 13.0% | 29.3% | ||
| Q1 25 | 11.2% | 28.1% | ||
| Q4 24 | 11.4% | 26.7% | ||
| Q3 24 | 11.8% | 26.2% | ||
| Q2 24 | 12.6% | 27.1% | ||
| Q1 24 | 11.9% | 27.5% |
| Q4 25 | 6.8% | 6.4% | ||
| Q3 25 | 7.3% | 11.4% | ||
| Q2 25 | 7.9% | 13.2% | ||
| Q1 25 | 6.2% | 7.3% | ||
| Q4 24 | 6.1% | 7.8% | ||
| Q3 24 | 7.1% | 11.6% | ||
| Q2 24 | 7.3% | 12.6% | ||
| Q1 24 | 6.2% | 8.1% |
| Q4 25 | 5.5% | 4.5% | ||
| Q3 25 | 5.8% | 7.8% | ||
| Q2 25 | 5.7% | 8.9% | ||
| Q1 25 | 4.4% | 5.2% | ||
| Q4 24 | 4.5% | 5.5% | ||
| Q3 24 | 5.5% | 7.9% | ||
| Q2 24 | 5.5% | 8.5% | ||
| Q1 24 | 4.5% | 5.6% |
| Q4 25 | $1.09 | $1.82 | ||
| Q3 25 | $1.11 | $3.98 | ||
| Q2 25 | $1.03 | $4.52 | ||
| Q1 25 | $0.72 | $1.93 | ||
| Q4 24 | $0.68 | $2.42 | ||
| Q3 24 | $0.82 | $4.22 | ||
| Q2 24 | $0.76 | $4.49 | ||
| Q1 24 | $0.55 | $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 | — | $733.3M |
| Total DebtLower is stronger | $281.5M | $361.6M |
| Stockholders' EquityBook value | $629.8M | $2.8B |
| Total Assets | $1.7B | $4.4B |
| Debt / EquityLower = less leverage | 0.45× | 0.13× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $733.3M | ||
| Q3 25 | — | $524.3M | ||
| Q2 25 | — | $293.0M | ||
| Q1 25 | — | $431.8M | ||
| Q4 24 | — | $781.9M | ||
| Q3 24 | $553.0K | $550.0M | ||
| Q2 24 | — | $424.9M | ||
| Q1 24 | — | $478.9M |
| Q4 25 | $281.5M | $361.6M | ||
| Q3 25 | $285.1M | $340.8M | ||
| Q2 25 | $288.6M | $338.7M | ||
| Q1 25 | $292.1M | $346.4M | ||
| Q4 24 | $295.6M | $337.2M | ||
| Q3 24 | — | $321.0M | ||
| Q2 24 | — | $307.1M | ||
| Q1 24 | — | $306.3M |
| Q4 25 | $629.8M | $2.8B | ||
| Q3 25 | $573.0M | $2.8B | ||
| Q2 25 | $514.4M | $2.8B | ||
| Q1 25 | $460.2M | $2.7B | ||
| Q4 24 | $422.6M | $2.7B | ||
| Q3 24 | $453.3M | $2.7B | ||
| Q2 24 | $490.0M | $2.6B | ||
| Q1 24 | $464.3M | $2.5B |
| Q4 25 | $1.7B | $4.4B | ||
| Q3 25 | $1.6B | $4.6B | ||
| Q2 25 | $1.5B | $4.7B | ||
| Q1 25 | $1.4B | $4.5B | ||
| Q4 24 | $1.3B | $4.5B | ||
| Q3 24 | $1.3B | $4.5B | ||
| Q2 24 | — | $4.4B | ||
| Q1 24 | — | $4.4B |
| Q4 25 | 0.45× | 0.13× | ||
| Q3 25 | 0.50× | 0.12× | ||
| Q2 25 | 0.56× | 0.12× | ||
| Q1 25 | 0.63× | 0.13× | ||
| Q4 24 | 0.70× | 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 | $48.2M | $399.8M |
| Free Cash FlowOCF − Capex | $23.5M | $388.5M |
| FCF MarginFCF / Revenue | 2.3% | 24.6% |
| Capex IntensityCapex / Revenue | 2.4% | 0.7% |
| Cash ConversionOCF / Net Profit | 0.87× | 5.57× |
| TTM Free Cash FlowTrailing 4 quarters | $90.0M | $535.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $48.2M | $399.8M | ||
| Q3 25 | $76.2M | $354.9M | ||
| Q2 25 | $25.3M | $-7.4M | ||
| Q1 25 | $7.1M | $-177.6M | ||
| Q4 24 | — | $378.9M | ||
| Q3 24 | $78.9M | $232.8M | ||
| Q2 24 | — | $57.7M | ||
| Q1 24 | $21.9M | $103.7M |
| Q4 25 | $23.5M | $388.5M | ||
| Q3 25 | $65.7M | $346.1M | ||
| Q2 25 | $12.3M | $-14.3M | ||
| Q1 25 | $-11.4M | $-185.2M | ||
| Q4 24 | — | $370.9M | ||
| Q3 24 | $60.9M | $223.0M | ||
| Q2 24 | — | $51.3M | ||
| Q1 24 | $12.6M | $97.9M |
| Q4 25 | 2.3% | 24.6% | ||
| Q3 25 | 6.7% | 16.7% | ||
| Q2 25 | 1.3% | -0.7% | ||
| Q1 25 | -1.4% | -12.1% | ||
| Q4 24 | — | 21.1% | ||
| Q3 24 | 8.0% | 10.3% | ||
| Q2 24 | — | 2.4% | ||
| Q1 24 | 2.0% | 6.3% |
| Q4 25 | 2.4% | 0.7% | ||
| Q3 25 | 1.1% | 0.4% | ||
| Q2 25 | 1.4% | 0.3% | ||
| Q1 25 | 2.2% | 0.5% | ||
| Q4 24 | — | 0.5% | ||
| Q3 24 | 2.4% | 0.5% | ||
| Q2 24 | — | 0.3% | ||
| Q1 24 | 1.5% | 0.4% |
| Q4 25 | 0.87× | 5.57× | ||
| Q3 25 | 1.34× | 2.20× | ||
| Q2 25 | 0.48× | -0.04× | ||
| Q1 25 | 0.19× | -2.22× | ||
| Q4 24 | — | 3.91× | ||
| Q3 24 | 1.89× | 1.36× | ||
| Q2 24 | — | 0.32× | ||
| Q1 24 | 0.77× | 1.19× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ECG
| Commercial | $594.5M | 59% |
| Utility | $203.5M | 20% |
| Industrial | $82.8M | 8% |
| Institutional | $66.1M | 7% |
| Service And Other | $28.4M | 3% |
| Transportation | $24.2M | 2% |
| Renewables | $19.8M | 2% |
WSO
Segment breakdown not available.
