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Side-by-side financial comparison of HAEMONETICS CORP (HAE) 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 $1.3B, roughly 1.1× HAEMONETICS CORP). HAEMONETICS CORP runs the higher net margin — 7.3% vs 6.1%, a 1.2% gap on every dollar of revenue. On growth, HAEMONETICS CORP posted the faster year-over-year revenue change (4.8% vs 0.1%). Over the past eight quarters, HAEMONETICS CORP's revenue compounded faster (99.2% CAGR vs -15.3%).
Haemonetics Corporation is a global provider of blood and plasma supplies and services. The company was founded in Natick, Massachusetts by Dr. Allen (Jack) Latham in the 1970s.
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.
HAE vs WSO — Head-to-Head
Income Statement — Q4 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.3B | $1.5B |
| Net Profit | $97.3M | $92.9M |
| Gross Margin | 14.9% | 27.9% |
| Operating Margin | 83.4% | 7.2% |
| Net Margin | 7.3% | 6.1% |
| Revenue YoY | 4.8% | 0.1% |
| Net Profit YoY | -42.0% | -1.7% |
| EPS (diluted) | — | — |
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 | $1.3B | $1.5B | ||
| Q4 25 | $339.0M | $1.6B | ||
| Q3 25 | $327.3M | $2.1B | ||
| Q2 25 | $321.4M | $2.1B | ||
| Q1 25 | $330.6M | $1.5B | ||
| Q4 24 | $348.5M | $1.8B | ||
| Q3 24 | $345.5M | $2.2B | ||
| Q2 24 | $336.2M | $2.1B |
| Q1 26 | $97.3M | $92.9M | ||
| Q4 25 | $44.7M | $71.7M | ||
| Q3 25 | $38.7M | $161.6M | ||
| Q2 25 | $34.0M | $183.6M | ||
| Q1 25 | $58.0M | $80.1M | ||
| Q4 24 | $37.5M | $96.8M | ||
| Q3 24 | $33.8M | $171.0M | ||
| Q2 24 | $38.4M | $181.4M |
| Q1 26 | 14.9% | 27.9% | ||
| Q4 25 | 59.7% | 27.1% | ||
| Q3 25 | 59.5% | 27.5% | ||
| Q2 25 | 59.8% | 29.3% | ||
| Q1 25 | 58.4% | 28.1% | ||
| Q4 24 | 55.5% | 26.7% | ||
| Q3 24 | 54.2% | 26.2% | ||
| Q2 24 | 52.0% | 27.1% |
| Q1 26 | 83.4% | 7.2% | ||
| Q4 25 | 19.9% | 6.4% | ||
| Q3 25 | 17.9% | 11.4% | ||
| Q2 25 | 16.8% | 13.2% | ||
| Q1 25 | 21.6% | 7.3% | ||
| Q4 24 | 16.9% | 7.8% | ||
| Q3 24 | 15.0% | 11.6% | ||
| Q2 24 | 11.8% | 12.6% |
| Q1 26 | 7.3% | 6.1% | ||
| Q4 25 | 13.2% | 4.5% | ||
| Q3 25 | 11.8% | 7.8% | ||
| Q2 25 | 10.6% | 8.9% | ||
| Q1 25 | 17.5% | 5.2% | ||
| Q4 24 | 10.8% | 5.5% | ||
| Q3 24 | 9.8% | 7.9% | ||
| Q2 24 | 11.4% | 8.5% |
| Q1 26 | — | — | ||
| Q4 25 | $0.95 | $1.82 | ||
| Q3 25 | $0.81 | $3.98 | ||
| Q2 25 | $0.70 | $4.52 | ||
| Q1 25 | $1.17 | $1.93 | ||
| Q4 24 | $0.74 | $2.42 | ||
| Q3 24 | $0.66 | $4.22 | ||
| Q2 24 | $0.74 | $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 | $245.4M | $392.7M |
| Total DebtLower is stronger | $1.2B | — |
| Stockholders' EquityBook value | $796.3M | $3.2B |
| Total Assets | $2.4B | $4.6B |
| Debt / EquityLower = less leverage | 1.53× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $245.4M | $392.7M | ||
| Q4 25 | $363.4M | $733.3M | ||
| Q3 25 | $296.4M | $524.3M | ||
| Q2 25 | $292.9M | $293.0M | ||
| Q1 25 | $306.8M | $431.8M | ||
| Q4 24 | $320.8M | $781.9M | ||
| Q3 24 | $299.3M | $550.0M | ||
| Q2 24 | $344.4M | $424.9M |
| Q1 26 | $1.2B | — | ||
| Q4 25 | $1.2B | $361.6M | ||
| Q3 25 | $1.2B | $340.8M | ||
| Q2 25 | $1.2B | $338.7M | ||
| Q1 25 | $1.2B | $346.4M | ||
| Q4 24 | — | $337.2M | ||
| Q3 24 | — | $321.0M | ||
| Q2 24 | — | $307.1M |
| Q1 26 | $796.3M | $3.2B | ||
| Q4 25 | $911.5M | $2.8B | ||
| Q3 25 | $849.2M | $2.8B | ||
| Q2 25 | $882.3M | $2.8B | ||
| Q1 25 | $820.8M | $2.7B | ||
| Q4 24 | $906.9M | $2.7B | ||
| Q3 24 | $878.9M | $2.7B | ||
| Q2 24 | $905.4M | $2.6B |
| Q1 26 | $2.4B | $4.6B | ||
| Q4 25 | $2.5B | $4.4B | ||
| Q3 25 | $2.4B | $4.6B | ||
| Q2 25 | $2.5B | $4.7B | ||
| Q1 25 | $2.5B | $4.5B | ||
| Q4 24 | $2.5B | $4.5B | ||
| Q3 24 | $2.5B | $4.5B | ||
| Q2 24 | $2.5B | $4.4B |
| Q1 26 | 1.53× | — | ||
| Q4 25 | 1.34× | 0.13× | ||
| Q3 25 | 1.44× | 0.12× | ||
| Q2 25 | 1.39× | 0.12× | ||
| Q1 25 | 1.49× | 0.13× | ||
| Q4 24 | — | 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 | $293.2M | — |
| Free Cash FlowOCF − Capex | $209.9M | — |
| FCF MarginFCF / Revenue | 15.7% | — |
| Capex IntensityCapex / Revenue | 2.5% | — |
| Cash ConversionOCF / Net Profit | 3.01× | — |
| TTM Free Cash FlowTrailing 4 quarters | $417.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $293.2M | — | ||
| Q4 25 | $93.6M | $399.8M | ||
| Q3 25 | $111.3M | $354.9M | ||
| Q2 25 | $17.4M | $-7.4M | ||
| Q1 25 | $116.6M | $-177.6M | ||
| Q4 24 | $43.8M | $378.9M | ||
| Q3 24 | $48.8M | $232.8M | ||
| Q2 24 | $-27.4M | $57.7M |
| Q1 26 | $209.9M | — | ||
| Q4 25 | $87.2M | $388.5M | ||
| Q3 25 | $106.3M | $346.1M | ||
| Q2 25 | $13.6M | $-14.3M | ||
| Q1 25 | $100.9M | $-185.2M | ||
| Q4 24 | $35.2M | $370.9M | ||
| Q3 24 | $39.4M | $223.0M | ||
| Q2 24 | $-33.1M | $51.3M |
| Q1 26 | 15.7% | — | ||
| Q4 25 | 25.7% | 24.6% | ||
| Q3 25 | 32.5% | 16.7% | ||
| Q2 25 | 4.2% | -0.7% | ||
| Q1 25 | 30.5% | -12.1% | ||
| Q4 24 | 10.1% | 21.1% | ||
| Q3 24 | 11.4% | 10.3% | ||
| Q2 24 | -9.8% | 2.4% |
| Q1 26 | 2.5% | — | ||
| Q4 25 | 1.9% | 0.7% | ||
| Q3 25 | 1.5% | 0.4% | ||
| Q2 25 | 1.2% | 0.3% | ||
| Q1 25 | 4.7% | 0.5% | ||
| Q4 24 | 2.5% | 0.5% | ||
| Q3 24 | 2.7% | 0.5% | ||
| Q2 24 | 1.7% | 0.3% |
| Q1 26 | 3.01× | — | ||
| Q4 25 | 2.09× | 5.57× | ||
| Q3 25 | 2.88× | 2.20× | ||
| Q2 25 | 0.51× | -0.04× | ||
| Q1 25 | 2.01× | -2.22× | ||
| Q4 24 | 1.17× | 3.91× | ||
| Q3 24 | 1.44× | 1.36× | ||
| Q2 24 | -0.71× | 0.32× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
