vs
Side-by-side financial comparison of Old Dominion (ODFL) 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 $1.3B, roughly 1.2× Old Dominion). Old Dominion runs the higher net margin — 17.9% vs 4.5%, a 13.3% gap on every dollar of revenue. On growth, Old Dominion posted the faster year-over-year revenue change (-2.9% vs -10.0%). Over the past eight quarters, WATSCO INC's revenue compounded faster (0.4% CAGR vs -5.6%).
Old Dominion Freight Line, Inc. (ODFL) is an American regional, inter-regional and national less than truckload shipping (LTL) company. In addition to its core LTL services, the company offers expedited, logistics and household moving services.
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.
ODFL vs WSO — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.3B | $1.6B |
| Net Profit | $238.3M | $71.7M |
| Gross Margin | — | 27.1% |
| Operating Margin | 23.8% | 6.4% |
| Net Margin | 17.9% | 4.5% |
| Revenue YoY | -2.9% | -10.0% |
| Net Profit YoY | -6.4% | -25.9% |
| EPS (diluted) | $1.14 | $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.
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.3B | $1.6B | ||
| Q3 25 | $1.4B | $2.1B | ||
| Q2 25 | $1.4B | $2.1B | ||
| Q1 25 | $1.4B | $1.5B | ||
| Q4 24 | $1.4B | $1.8B | ||
| Q3 24 | $1.5B | $2.2B | ||
| Q2 24 | $1.5B | $2.1B |
| Q1 26 | $238.3M | — | ||
| Q4 25 | $229.5M | $71.7M | ||
| Q3 25 | $270.9M | $161.6M | ||
| Q2 25 | $268.6M | $183.6M | ||
| Q1 25 | $254.7M | $80.1M | ||
| Q4 24 | $263.1M | $96.8M | ||
| Q3 24 | $308.6M | $171.0M | ||
| Q2 24 | $322.0M | $181.4M |
| Q1 26 | — | — | ||
| 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 | 23.8% | — | ||
| Q4 25 | 23.3% | 6.4% | ||
| Q3 25 | 25.7% | 11.4% | ||
| Q2 25 | 25.4% | 13.2% | ||
| Q1 25 | 24.6% | 7.3% | ||
| Q4 24 | 24.1% | 7.8% | ||
| Q3 24 | 27.3% | 11.6% | ||
| Q2 24 | 28.1% | 12.6% |
| Q1 26 | 17.9% | — | ||
| Q4 25 | 17.6% | 4.5% | ||
| Q3 25 | 19.3% | 7.8% | ||
| Q2 25 | 19.1% | 8.9% | ||
| Q1 25 | 18.5% | 5.2% | ||
| Q4 24 | 19.0% | 5.5% | ||
| Q3 24 | 21.0% | 7.9% | ||
| Q2 24 | 21.5% | 8.5% |
| Q1 26 | $1.14 | — | ||
| Q4 25 | $1.10 | $1.82 | ||
| Q3 25 | $1.28 | $3.98 | ||
| Q2 25 | $1.27 | $4.52 | ||
| Q1 25 | $1.19 | $1.93 | ||
| Q4 24 | $1.23 | $2.42 | ||
| Q3 24 | $1.43 | $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 | $288.1M | $733.3M |
| Total DebtLower is stronger | $40.0M | $361.6M |
| Stockholders' EquityBook value | $4.4B | $2.8B |
| Total Assets | $5.7B | $4.4B |
| Debt / EquityLower = less leverage | 0.01× | 0.13× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $288.1M | — | ||
| Q4 25 | $120.1M | $733.3M | ||
| Q3 25 | $46.6M | $524.3M | ||
| Q2 25 | $24.1M | $293.0M | ||
| Q1 25 | $97.2M | $431.8M | ||
| Q4 24 | $108.7M | $781.9M | ||
| Q3 24 | $74.2M | $550.0M | ||
| Q2 24 | $104.6M | $424.9M |
| Q1 26 | $40.0M | — | ||
| Q4 25 | $20.0M | $361.6M | ||
| Q3 25 | $65.0M | $340.8M | ||
| Q2 25 | $150.0M | $338.7M | ||
| Q1 25 | $40.0M | $346.4M | ||
| Q4 24 | $40.0M | $337.2M | ||
| Q3 24 | $40.0M | $321.0M | ||
| Q2 24 | $40.0M | $307.1M |
| Q1 26 | $4.4B | — | ||
| Q4 25 | $4.3B | $2.8B | ||
| Q3 25 | $4.3B | $2.8B | ||
| Q2 25 | $4.2B | $2.8B | ||
| Q1 25 | $4.2B | $2.7B | ||
| Q4 24 | $4.2B | $2.7B | ||
| Q3 24 | $4.2B | $2.7B | ||
| Q2 24 | $4.1B | $2.6B |
| Q1 26 | $5.7B | — | ||
| Q4 25 | $5.5B | $4.4B | ||
| Q3 25 | $5.5B | $4.6B | ||
| Q2 25 | $5.6B | $4.7B | ||
| Q1 25 | $5.5B | $4.5B | ||
| Q4 24 | $5.5B | $4.5B | ||
| Q3 24 | $5.4B | $4.5B | ||
| Q2 24 | $5.3B | $4.4B |
| Q1 26 | 0.01× | — | ||
| Q4 25 | 0.00× | 0.13× | ||
| Q3 25 | 0.02× | 0.12× | ||
| Q2 25 | 0.04× | 0.12× | ||
| Q1 25 | 0.01× | 0.13× | ||
| Q4 24 | 0.01× | 0.13× | ||
| Q3 24 | 0.01× | 0.12× | ||
| Q2 24 | 0.01× | 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 | — | $399.8M |
| Free Cash FlowOCF − Capex | — | $388.5M |
| FCF MarginFCF / Revenue | — | 24.6% |
| Capex IntensityCapex / Revenue | — | 0.7% |
| Cash ConversionOCF / Net Profit | — | 5.57× |
| TTM Free Cash FlowTrailing 4 quarters | — | $535.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $310.3M | $399.8M | ||
| Q3 25 | $437.5M | $354.9M | ||
| Q2 25 | $285.8M | $-7.4M | ||
| Q1 25 | $336.5M | $-177.6M | ||
| Q4 24 | $401.1M | $378.9M | ||
| Q3 24 | $446.5M | $232.8M | ||
| Q2 24 | $387.9M | $57.7M |
| Q1 26 | — | — | ||
| Q4 25 | $264.5M | $388.5M | ||
| Q3 25 | $343.5M | $346.1M | ||
| Q2 25 | $98.7M | $-14.3M | ||
| Q1 25 | $248.4M | $-185.2M | ||
| Q4 24 | $230.1M | $370.9M | ||
| Q3 24 | $203.7M | $223.0M | ||
| Q2 24 | $149.7M | $51.3M |
| Q1 26 | — | — | ||
| Q4 25 | 20.2% | 24.6% | ||
| Q3 25 | 24.4% | 16.7% | ||
| Q2 25 | 7.0% | -0.7% | ||
| Q1 25 | 18.1% | -12.1% | ||
| Q4 24 | 16.6% | 21.1% | ||
| Q3 24 | 13.9% | 10.3% | ||
| Q2 24 | 10.0% | 2.4% |
| Q1 26 | — | — | ||
| Q4 25 | 3.5% | 0.7% | ||
| Q3 25 | 6.7% | 0.4% | ||
| Q2 25 | 13.3% | 0.3% | ||
| Q1 25 | 6.4% | 0.5% | ||
| Q4 24 | 12.3% | 0.5% | ||
| Q3 24 | 16.5% | 0.5% | ||
| Q2 24 | 15.9% | 0.3% |
| Q1 26 | — | — | ||
| Q4 25 | 1.35× | 5.57× | ||
| Q3 25 | 1.61× | 2.20× | ||
| Q2 25 | 1.06× | -0.04× | ||
| Q1 25 | 1.32× | -2.22× | ||
| Q4 24 | 1.52× | 3.91× | ||
| Q3 24 | 1.45× | 1.36× | ||
| Q2 24 | 1.20× | 0.32× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
