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Side-by-side financial comparison of OLD REPUBLIC INTERNATIONAL CORP (ORI) and WATSCO INC (WSO). Click either name above to swap in a different company.
OLD REPUBLIC INTERNATIONAL CORP is the larger business by last-quarter revenue ($2.4B vs $1.5B, roughly 1.6× WATSCO INC). OLD REPUBLIC INTERNATIONAL CORP runs the higher net margin — 13.8% vs 6.1%, a 7.7% gap on every dollar of revenue. On growth, OLD REPUBLIC INTERNATIONAL CORP posted the faster year-over-year revenue change (6.7% vs 0.1%). Over the past eight quarters, OLD REPUBLIC INTERNATIONAL CORP's revenue compounded faster (13.2% CAGR vs -15.3%).
Old Republic International Corporation is an American property insurance and title insurance company. The company is headquartered in Chicago, Illinois.
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.
ORI vs WSO — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $2.4B | $1.5B |
| Net Profit | $330.0M | $92.9M |
| Gross Margin | — | 27.9% |
| Operating Margin | — | 7.2% |
| Net Margin | 13.8% | 6.1% |
| Revenue YoY | 6.7% | 0.1% |
| Net Profit YoY | -145.5% | -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 | $2.4B | $1.5B | ||
| Q4 25 | $2.4B | $1.6B | ||
| Q3 25 | $2.4B | $2.1B | ||
| Q2 25 | $2.2B | $2.1B | ||
| Q1 25 | $2.1B | $1.5B | ||
| Q4 24 | $2.0B | $1.8B | ||
| Q3 24 | $2.3B | $2.2B | ||
| Q2 24 | $1.9B | $2.1B |
| Q1 26 | $330.0M | $92.9M | ||
| Q4 25 | $206.5M | $71.7M | ||
| Q3 25 | $279.5M | $161.6M | ||
| Q2 25 | $204.4M | $183.6M | ||
| Q1 25 | $245.0M | $80.1M | ||
| Q4 24 | $105.3M | $96.8M | ||
| Q3 24 | $338.9M | $171.0M | ||
| Q2 24 | $91.8M | $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 | 14.6% | 11.4% | ||
| Q2 25 | 11.8% | 13.2% | ||
| Q1 25 | 14.6% | 7.3% | ||
| Q4 24 | — | 7.8% | ||
| Q3 24 | 18.2% | 11.6% | ||
| Q2 24 | 6.1% | 12.6% |
| Q1 26 | 13.8% | 6.1% | ||
| Q4 25 | 8.6% | 4.5% | ||
| Q3 25 | 11.5% | 7.8% | ||
| Q2 25 | 9.3% | 8.9% | ||
| Q1 25 | 11.6% | 5.2% | ||
| Q4 24 | 5.3% | 5.5% | ||
| Q3 24 | 14.5% | 7.9% | ||
| Q2 24 | 4.9% | 8.5% |
| Q1 26 | — | — | ||
| Q4 25 | $0.82 | $1.82 | ||
| Q3 25 | $1.11 | $3.98 | ||
| Q2 25 | $0.81 | $4.52 | ||
| Q1 25 | $0.98 | $1.93 | ||
| Q4 24 | $0.42 | $2.42 | ||
| Q3 24 | $1.32 | $4.22 | ||
| Q2 24 | $0.35 | $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 | — | — |
| Stockholders' EquityBook value | $5.9M | $3.2B |
| Total Assets | $29.6M | $4.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $392.7M | ||
| Q4 25 | — | $733.3M | ||
| Q3 25 | — | $524.3M | ||
| Q2 25 | — | $293.0M | ||
| Q1 25 | — | $431.8M | ||
| Q4 24 | — | $781.9M | ||
| Q3 24 | — | $550.0M | ||
| Q2 24 | — | $424.9M |
| Q1 26 | — | — | ||
| 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 26 | $5.9M | $3.2B | ||
| Q4 25 | $5.9B | $2.8B | ||
| Q3 25 | $6.4B | $2.8B | ||
| Q2 25 | $6.2B | $2.8B | ||
| Q1 25 | $5.9B | $2.7B | ||
| Q4 24 | $5.6B | $2.7B | ||
| Q3 24 | $6.4B | $2.7B | ||
| Q2 24 | $6.0B | $2.6B |
| Q1 26 | $29.6M | $4.6B | ||
| Q4 25 | $29.9B | $4.4B | ||
| Q3 25 | $30.3B | $4.6B | ||
| Q2 25 | $29.3B | $4.7B | ||
| Q1 25 | $28.0B | $4.5B | ||
| Q4 24 | $27.8B | $4.5B | ||
| Q3 24 | $28.8B | $4.5B | ||
| Q2 24 | $27.5B | $4.4B |
| Q1 26 | — | — | ||
| 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× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ORI
| operating | $2.2B | 92% |
| net investment gains | $201.8M | 8% |
WSO
Segment breakdown not available.
