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Side-by-side financial comparison of Roper Technologies (ROP) and WATSCO INC (WSO). Click either name above to swap in a different company.
Roper Technologies is the larger business by last-quarter revenue ($2.1B vs $1.5B, roughly 1.4× WATSCO INC). Roper Technologies runs the higher net margin — 15.8% vs 6.1%, a 9.7% gap on every dollar of revenue. On growth, Roper Technologies posted the faster year-over-year revenue change (11.3% vs 0.1%). Over the past eight quarters, Roper Technologies's revenue compounded faster (10.5% CAGR vs -15.3%).
Roper Technologies, Inc. is a holding company that owns companies in the technology sector.
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.
ROP vs WSO — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $2.1B | $1.5B |
| Net Profit | $331.0M | $92.9M |
| Gross Margin | 69.4% | 27.9% |
| Operating Margin | 27.2% | 7.2% |
| Net Margin | 15.8% | 6.1% |
| Revenue YoY | 11.3% | 0.1% |
| Net Profit YoY | 53.7% | -1.7% |
| EPS (diluted) | $4.87 | — |
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 | $2.1B | $1.5B | ||
| Q4 25 | $2.1B | $1.6B | ||
| Q3 25 | $2.0B | $2.1B | ||
| Q2 25 | $1.9B | $2.1B | ||
| Q1 25 | $1.9B | $1.5B | ||
| Q4 24 | $1.9B | $1.8B | ||
| Q3 24 | $1.8B | $2.2B | ||
| Q2 24 | $1.7B | $2.1B |
| Q1 26 | $331.0M | $92.9M | ||
| Q4 25 | $428.4M | $71.7M | ||
| Q3 25 | $398.5M | $161.6M | ||
| Q2 25 | $378.3M | $183.6M | ||
| Q1 25 | $331.1M | $80.1M | ||
| Q4 24 | $462.3M | $96.8M | ||
| Q3 24 | $367.9M | $171.0M | ||
| Q2 24 | $337.1M | $181.4M |
| Q1 26 | 69.4% | 27.9% | ||
| Q4 25 | 69.5% | 27.1% | ||
| Q3 25 | 69.5% | 27.5% | ||
| Q2 25 | 69.2% | 29.3% | ||
| Q1 25 | 68.7% | 28.1% | ||
| Q4 24 | 68.3% | 26.7% | ||
| Q3 24 | 69.2% | 26.2% | ||
| Q2 24 | 69.5% | 27.1% |
| Q1 26 | 27.2% | 7.2% | ||
| Q4 25 | 28.6% | 6.4% | ||
| Q3 25 | 28.4% | 11.4% | ||
| Q2 25 | 28.2% | 13.2% | ||
| Q1 25 | 27.9% | 7.3% | ||
| Q4 24 | 28.0% | 7.8% | ||
| Q3 24 | 28.1% | 11.6% | ||
| Q2 24 | 28.8% | 12.6% |
| Q1 26 | 15.8% | 6.1% | ||
| Q4 25 | 20.8% | 4.5% | ||
| Q3 25 | 19.8% | 7.8% | ||
| Q2 25 | 19.5% | 8.9% | ||
| Q1 25 | 17.6% | 5.2% | ||
| Q4 24 | 24.6% | 5.5% | ||
| Q3 24 | 20.8% | 7.9% | ||
| Q2 24 | 19.6% | 8.5% |
| Q1 26 | $4.87 | — | ||
| Q4 25 | $3.97 | $1.82 | ||
| Q3 25 | $3.68 | $3.98 | ||
| Q2 25 | $3.49 | $4.52 | ||
| Q1 25 | $3.06 | $1.93 | ||
| Q4 24 | $4.29 | $2.42 | ||
| Q3 24 | $3.40 | $4.22 | ||
| Q2 24 | $3.12 | $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 | $382.9M | $392.7M |
| Total DebtLower is stronger | $9.7B | — |
| Stockholders' EquityBook value | $18.8B | $3.2B |
| Total Assets | $34.6B | $4.6B |
| Debt / EquityLower = less leverage | 0.52× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $382.9M | $392.7M | ||
| Q4 25 | $297.4M | $733.3M | ||
| Q3 25 | $320.0M | $524.3M | ||
| Q2 25 | $242.4M | $293.0M | ||
| Q1 25 | $372.8M | $431.8M | ||
| Q4 24 | $188.2M | $781.9M | ||
| Q3 24 | $269.6M | $550.0M | ||
| Q2 24 | $251.5M | $424.9M |
| Q1 26 | $9.7B | — | ||
| Q4 25 | $9.3B | $361.6M | ||
| Q3 25 | — | $340.8M | ||
| Q2 25 | — | $338.7M | ||
| Q1 25 | — | $346.4M | ||
| Q4 24 | $7.6B | $337.2M | ||
| Q3 24 | — | $321.0M | ||
| Q2 24 | — | $307.1M |
| Q1 26 | $18.8B | $3.2B | ||
| Q4 25 | $19.9B | $2.8B | ||
| Q3 25 | $20.0B | $2.8B | ||
| Q2 25 | $19.6B | $2.8B | ||
| Q1 25 | $19.2B | $2.7B | ||
| Q4 24 | $18.9B | $2.7B | ||
| Q3 24 | $18.5B | $2.7B | ||
| Q2 24 | $18.1B | $2.6B |
| Q1 26 | $34.6B | $4.6B | ||
| Q4 25 | $34.6B | $4.4B | ||
| Q3 25 | $34.6B | $4.6B | ||
| Q2 25 | $33.2B | $4.7B | ||
| Q1 25 | $31.4B | $4.5B | ||
| Q4 24 | $31.3B | $4.5B | ||
| Q3 24 | $31.6B | $4.5B | ||
| Q2 24 | $29.8B | $4.4B |
| Q1 26 | 0.52× | — | ||
| Q4 25 | 0.47× | 0.13× | ||
| Q3 25 | — | 0.12× | ||
| Q2 25 | — | 0.12× | ||
| Q1 25 | — | 0.13× | ||
| Q4 24 | 0.40× | 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 | — | — |
| Free Cash FlowOCF − Capex | $507.0M | — |
| FCF MarginFCF / Revenue | 24.2% | — |
| Capex IntensityCapex / Revenue | 0.5% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $738.0M | $399.8M | ||
| Q3 25 | $869.5M | $354.9M | ||
| Q2 25 | $404.1M | $-7.4M | ||
| Q1 25 | $528.7M | $-177.6M | ||
| Q4 24 | $722.2M | $378.9M | ||
| Q3 24 | $755.4M | $232.8M | ||
| Q2 24 | $384.1M | $57.7M |
| Q1 26 | $507.0M | — | ||
| Q4 25 | — | $388.5M | ||
| Q3 25 | — | $346.1M | ||
| Q2 25 | — | $-14.3M | ||
| Q1 25 | — | $-185.2M | ||
| Q4 24 | — | $370.9M | ||
| Q3 24 | — | $223.0M | ||
| Q2 24 | — | $51.3M |
| Q1 26 | 24.2% | — | ||
| Q4 25 | — | 24.6% | ||
| Q3 25 | — | 16.7% | ||
| Q2 25 | — | -0.7% | ||
| Q1 25 | — | -12.1% | ||
| Q4 24 | — | 21.1% | ||
| Q3 24 | — | 10.3% | ||
| Q2 24 | — | 2.4% |
| Q1 26 | 0.5% | — | ||
| Q4 25 | — | 0.7% | ||
| Q3 25 | — | 0.4% | ||
| Q2 25 | — | 0.3% | ||
| Q1 25 | — | 0.5% | ||
| Q4 24 | — | 0.5% | ||
| Q3 24 | — | 0.5% | ||
| Q2 24 | — | 0.3% |
| Q1 26 | — | — | ||
| Q4 25 | 1.72× | 5.57× | ||
| Q3 25 | 2.18× | 2.20× | ||
| Q2 25 | 1.07× | -0.04× | ||
| Q1 25 | 1.60× | -2.22× | ||
| Q4 24 | 1.56× | 3.91× | ||
| Q3 24 | 2.05× | 1.36× | ||
| Q2 24 | 1.14× | 0.32× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
