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Side-by-side financial comparison of SELECT MEDICAL HOLDINGS CORP (SEM) 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 $1.4B, roughly 1.1× SELECT MEDICAL HOLDINGS CORP). WATSCO INC runs the higher net margin — 6.1% vs 4.5%, a 1.6% gap on every dollar of revenue. On growth, SELECT MEDICAL HOLDINGS CORP posted the faster year-over-year revenue change (5.0% vs 0.1%). Over the past eight quarters, SELECT MEDICAL HOLDINGS CORP's revenue compounded faster (5.3% CAGR vs -15.3%).
Select Medical is a healthcare company based in Pennsylvania. It owns long-term acute care and inpatient rehabilitation hospitals, as well as occupational health and physical therapy clinics. Select Medical is a subsidiary of Select Medical Holdings, which is listed on the New York Stock Exchange.
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.
SEM vs WSO — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $1.5B |
| Net Profit | $63.8M | $92.9M |
| Gross Margin | — | 27.9% |
| Operating Margin | 6.9% | 7.2% |
| Net Margin | 4.5% | 6.1% |
| Revenue YoY | 5.0% | 0.1% |
| Net Profit YoY | -14.7% | -1.7% |
| EPS (diluted) | $0.35 | — |
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 | $1.4B | $1.5B | ||
| Q4 25 | $1.4B | $1.6B | ||
| Q3 25 | $1.4B | $2.1B | ||
| Q2 25 | $1.3B | $2.1B | ||
| Q1 25 | $1.4B | $1.5B | ||
| Q4 24 | $1.3B | $1.8B | ||
| Q3 24 | $1.3B | $2.2B | ||
| Q2 24 | $1.3B | $2.1B |
| Q1 26 | $63.8M | $92.9M | ||
| Q4 25 | $20.2M | $71.7M | ||
| Q3 25 | $28.8M | $161.6M | ||
| Q2 25 | $40.6M | $183.6M | ||
| Q1 25 | $56.7M | $80.1M | ||
| Q4 24 | $-16.1M | $96.8M | ||
| Q3 24 | $55.6M | $171.0M | ||
| Q2 24 | $77.6M | $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 | 6.9% | 7.2% | ||
| Q4 25 | 4.6% | 6.4% | ||
| Q3 25 | 5.4% | 11.4% | ||
| Q2 25 | 6.5% | 13.2% | ||
| Q1 25 | 8.3% | 7.3% | ||
| Q4 24 | 1.6% | 7.8% | ||
| Q3 24 | 4.3% | 11.6% | ||
| Q2 24 | 5.8% | 12.6% |
| Q1 26 | 4.5% | 6.1% | ||
| Q4 25 | 1.4% | 4.5% | ||
| Q3 25 | 2.1% | 7.8% | ||
| Q2 25 | 3.0% | 8.9% | ||
| Q1 25 | 4.2% | 5.2% | ||
| Q4 24 | -1.2% | 5.5% | ||
| Q3 24 | 4.4% | 7.9% | ||
| Q2 24 | 6.1% | 8.5% |
| Q1 26 | $0.35 | — | ||
| Q4 25 | $0.17 | $1.82 | ||
| Q3 25 | $0.23 | $3.98 | ||
| Q2 25 | $0.32 | $4.52 | ||
| Q1 25 | $0.44 | $1.93 | ||
| Q4 24 | $-0.12 | $2.42 | ||
| Q3 24 | $0.43 | $4.22 | ||
| Q2 24 | $0.60 | $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 | $25.7M | $392.7M |
| Total DebtLower is stronger | $1.8B | — |
| Stockholders' EquityBook value | $2.1B | $3.2B |
| Total Assets | $6.0B | $4.6B |
| Debt / EquityLower = less leverage | 0.88× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $25.7M | $392.7M | ||
| Q4 25 | $26.5M | $733.3M | ||
| Q3 25 | $60.1M | $524.3M | ||
| Q2 25 | $52.3M | $293.0M | ||
| Q1 25 | $53.2M | $431.8M | ||
| Q4 24 | $59.7M | $781.9M | ||
| Q3 24 | $191.5M | $550.0M | ||
| Q2 24 | $111.2M | $424.9M |
| Q1 26 | $1.8B | — | ||
| Q4 25 | $1.8B | $361.6M | ||
| Q3 25 | $1.7B | $340.8M | ||
| Q2 25 | $1.8B | $338.7M | ||
| Q1 25 | $1.8B | $346.4M | ||
| Q4 24 | $1.7B | $337.2M | ||
| Q3 24 | $3.1B | $321.0M | ||
| Q2 24 | $3.6B | $307.1M |
| Q1 26 | $2.1B | $3.2B | ||
| Q4 25 | $1.7B | $2.8B | ||
| Q3 25 | $1.7B | $2.8B | ||
| Q2 25 | $1.7B | $2.8B | ||
| Q1 25 | $1.7B | $2.7B | ||
| Q4 24 | $1.7B | $2.7B | ||
| Q3 24 | $1.9B | $2.7B | ||
| Q2 24 | $1.4B | $2.6B |
| Q1 26 | $6.0B | $4.6B | ||
| Q4 25 | $5.9B | $4.4B | ||
| Q3 25 | $5.7B | $4.6B | ||
| Q2 25 | $5.7B | $4.7B | ||
| Q1 25 | $5.7B | $4.5B | ||
| Q4 24 | $5.6B | $4.5B | ||
| Q3 24 | $8.0B | $4.5B | ||
| Q2 24 | $7.9B | $4.4B |
| Q1 26 | 0.88× | — | ||
| Q4 25 | 1.06× | 0.13× | ||
| Q3 25 | 1.03× | 0.12× | ||
| Q2 25 | 1.10× | 0.12× | ||
| Q1 25 | 1.03× | 0.13× | ||
| Q4 24 | 1.01× | 0.13× | ||
| Q3 24 | 1.62× | 0.12× | ||
| Q2 24 | 2.54× | 0.12× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
