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Side-by-side financial comparison of KEMPER Corp (KMPR) 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 $1.1B, roughly 1.4× KEMPER Corp). WATSCO INC runs the higher net margin — 6.1% vs -0.7%, a 6.8% gap on every dollar of revenue. On growth, WATSCO INC posted the faster year-over-year revenue change (0.1% vs -4.7%). Over the past eight quarters, KEMPER Corp's revenue compounded faster (-0.5% CAGR vs -15.3%).
Kemper Corporation is an American insurance provider with corporate headquarters located in Chicago, Illinois. With nearly $13 billion in assets, the Kemper family of companies provides insurance to individuals, families, and businesses.
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.
KMPR vs WSO — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.1B | $1.5B |
| Net Profit | $-8.0M | $92.9M |
| Gross Margin | — | 27.9% |
| Operating Margin | — | 7.2% |
| Net Margin | -0.7% | 6.1% |
| Revenue YoY | -4.7% | 0.1% |
| Net Profit YoY | -108.2% | -1.7% |
| EPS (diluted) | $-0.03 | — |
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 | — | $1.5B | ||
| Q4 25 | $1.1B | $1.6B | ||
| Q3 25 | $1.2B | $2.1B | ||
| Q2 25 | $1.2B | $2.1B | ||
| Q1 25 | $1.2B | $1.5B | ||
| Q4 24 | $1.2B | $1.8B | ||
| Q3 24 | $1.2B | $2.2B | ||
| Q2 24 | $1.1B | $2.1B |
| Q1 26 | — | $92.9M | ||
| Q4 25 | $-8.0M | $71.7M | ||
| Q3 25 | $-21.0M | $161.6M | ||
| Q2 25 | $72.6M | $183.6M | ||
| Q1 25 | $99.7M | $80.1M | ||
| Q4 24 | $97.4M | $96.8M | ||
| Q3 24 | $73.7M | $171.0M | ||
| Q2 24 | $75.4M | $181.4M |
| Q1 26 | — | 27.9% | ||
| Q4 25 | — | 27.1% | ||
| Q3 25 | — | 27.5% | ||
| Q2 25 | — | 29.3% | ||
| Q1 25 | — | 28.1% | ||
| Q4 24 | — | 26.7% | ||
| Q3 24 | — | 26.2% | ||
| Q2 24 | — | 27.1% |
| Q1 26 | — | 7.2% | ||
| Q4 25 | — | 6.4% | ||
| Q3 25 | — | 11.4% | ||
| Q2 25 | — | 13.2% | ||
| Q1 25 | — | 7.3% | ||
| Q4 24 | — | 7.8% | ||
| Q3 24 | 11.2% | 11.6% | ||
| Q2 24 | 10.1% | 12.6% |
| Q1 26 | — | 6.1% | ||
| Q4 25 | -0.7% | 4.5% | ||
| Q3 25 | -1.7% | 7.8% | ||
| Q2 25 | 5.9% | 8.9% | ||
| Q1 25 | 8.4% | 5.2% | ||
| Q4 24 | 8.2% | 5.5% | ||
| Q3 24 | 6.3% | 7.9% | ||
| Q2 24 | 6.7% | 8.5% |
| Q1 26 | — | — | ||
| Q4 25 | $-0.03 | $1.82 | ||
| Q3 25 | $-0.34 | $3.98 | ||
| Q2 25 | $1.12 | $4.52 | ||
| Q1 25 | $1.54 | $1.93 | ||
| Q4 24 | $1.51 | $2.42 | ||
| Q3 24 | $1.14 | $4.22 | ||
| Q2 24 | $1.16 | $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 | — | $392.7M |
| Total DebtLower is stronger | $943.5M | — |
| Stockholders' EquityBook value | $2.7B | $3.2B |
| Total Assets | $12.5B | $4.6B |
| Debt / EquityLower = less leverage | 0.35× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $392.7M | ||
| Q4 25 | — | $733.3M | ||
| Q3 25 | $371.2M | $524.3M | ||
| Q2 25 | $407.6M | $293.0M | ||
| Q1 25 | $545.3M | $431.8M | ||
| Q4 24 | $1.0B | $781.9M | ||
| Q3 24 | $696.9M | $550.0M | ||
| Q2 24 | $539.1M | $424.9M |
| Q1 26 | — | — | ||
| Q4 25 | $943.5M | $361.6M | ||
| Q3 25 | $943.1M | $340.8M | ||
| Q2 25 | $942.6M | $338.7M | ||
| Q1 25 | $942.1M | $346.4M | ||
| Q4 24 | $1.4B | $337.2M | ||
| Q3 24 | $1.4B | $321.0M | ||
| Q2 24 | $1.4B | $307.1M |
| Q1 26 | — | $3.2B | ||
| Q4 25 | $2.7B | $2.8B | ||
| Q3 25 | $2.7B | $2.8B | ||
| Q2 25 | $370.0M | $2.8B | ||
| Q1 25 | $366.0M | $2.7B | ||
| Q4 24 | $2.8B | $2.7B | ||
| Q3 24 | $2.8B | $2.7B | ||
| Q2 24 | $358.0M | $2.6B |
| Q1 26 | — | $4.6B | ||
| Q4 25 | $12.5B | $4.4B | ||
| Q3 25 | $12.4B | $4.6B | ||
| Q2 25 | $12.6B | $4.7B | ||
| Q1 25 | $12.5B | $4.5B | ||
| Q4 24 | $12.6B | $4.5B | ||
| Q3 24 | $12.6B | $4.5B | ||
| Q2 24 | $12.6B | $4.4B |
| Q1 26 | — | — | ||
| Q4 25 | 0.35× | 0.13× | ||
| Q3 25 | 0.35× | 0.12× | ||
| Q2 25 | 2.55× | 0.12× | ||
| Q1 25 | 2.57× | 0.13× | ||
| Q4 24 | 0.50× | 0.13× | ||
| Q3 24 | 0.50× | 0.12× | ||
| Q2 24 | 3.88× | 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 | $175.0M | — |
| Free Cash FlowOCF − Capex | $166.2M | — |
| FCF MarginFCF / Revenue | 14.7% | — |
| Capex IntensityCapex / Revenue | 0.8% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $553.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $175.0M | $399.8M | ||
| Q3 25 | $139.9M | $354.9M | ||
| Q2 25 | $89.6M | $-7.4M | ||
| Q1 25 | $180.0M | $-177.6M | ||
| Q4 24 | $175.1M | $378.9M | ||
| Q3 24 | $141.9M | $232.8M | ||
| Q2 24 | $22.9M | $57.7M |
| Q1 26 | — | — | ||
| Q4 25 | $166.2M | $388.5M | ||
| Q3 25 | $133.4M | $346.1M | ||
| Q2 25 | $82.0M | $-14.3M | ||
| Q1 25 | $172.3M | $-185.2M | ||
| Q4 24 | $165.4M | $370.9M | ||
| Q3 24 | $131.4M | $223.0M | ||
| Q2 24 | $5.2M | $51.3M |
| Q1 26 | — | — | ||
| Q4 25 | 14.7% | 24.6% | ||
| Q3 25 | 10.8% | 16.7% | ||
| Q2 25 | 6.7% | -0.7% | ||
| Q1 25 | 14.4% | -12.1% | ||
| Q4 24 | 13.9% | 21.1% | ||
| Q3 24 | 11.1% | 10.3% | ||
| Q2 24 | 0.5% | 2.4% |
| Q1 26 | — | — | ||
| Q4 25 | 0.8% | 0.7% | ||
| Q3 25 | 0.5% | 0.4% | ||
| Q2 25 | 0.6% | 0.3% | ||
| Q1 25 | 0.6% | 0.5% | ||
| Q4 24 | 0.8% | 0.5% | ||
| Q3 24 | 0.9% | 0.5% | ||
| Q2 24 | 1.6% | 0.3% |
| Q1 26 | — | — | ||
| Q4 25 | — | 5.57× | ||
| Q3 25 | — | 2.20× | ||
| Q2 25 | 1.23× | -0.04× | ||
| Q1 25 | 1.81× | -2.22× | ||
| Q4 24 | 1.80× | 3.91× | ||
| Q3 24 | 1.93× | 1.36× | ||
| Q2 24 | 0.30× | 0.32× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
KMPR
| Specialty Property Casualty Insurance Segment | $995.1M | 88% |
| Life Insurance Segment1 | $140.7M | 12% |
WSO
Segment breakdown not available.
