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Side-by-side financial comparison of Schneider National, Inc. (SNDR) 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× Schneider National, Inc.). WATSCO INC runs the higher net margin — 6.1% vs 1.6%, a 4.5% gap on every dollar of revenue. On growth, Schneider National, Inc. posted the faster year-over-year revenue change (4.5% vs 0.1%). Over the past eight quarters, Schneider National, Inc.'s revenue compounded faster (3.0% CAGR vs -15.3%).
Schneider National, Inc. is an American transportation company that provides truckload, intermodal, and logistics services. Schneider's services include regional, long-haul, expedited, dedicated, bulk, intermodal, brokerage, cross-dock logistics, pool point distribution, supply chain management, and port logistics.
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.
SNDR vs WSO — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $1.5B |
| Net Profit | $22.1M | $92.9M |
| Gross Margin | — | 27.9% |
| Operating Margin | 2.6% | 7.2% |
| Net Margin | 1.6% | 6.1% |
| Revenue YoY | 4.5% | 0.1% |
| Net Profit YoY | -32.2% | -1.7% |
| EPS (diluted) | $0.13 | — |
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 | $1.4B | $1.6B | ||
| Q3 25 | $1.5B | $2.1B | ||
| Q2 25 | $1.4B | $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 | — | $92.9M | ||
| Q4 25 | $22.1M | $71.7M | ||
| Q3 25 | $19.4M | $161.6M | ||
| Q2 25 | $36.0M | $183.6M | ||
| Q1 25 | $26.1M | $80.1M | ||
| Q4 24 | $32.6M | $96.8M | ||
| Q3 24 | $30.6M | $171.0M | ||
| Q2 24 | $35.3M | $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 | 2.6% | 6.4% | ||
| Q3 25 | 2.4% | 11.4% | ||
| Q2 25 | 3.9% | 13.2% | ||
| Q1 25 | 3.0% | 7.3% | ||
| Q4 24 | 3.2% | 7.8% | ||
| Q3 24 | 3.3% | 11.6% | ||
| Q2 24 | 3.9% | 12.6% |
| Q1 26 | — | 6.1% | ||
| Q4 25 | 1.6% | 4.5% | ||
| Q3 25 | 1.3% | 7.8% | ||
| Q2 25 | 2.5% | 8.9% | ||
| Q1 25 | 1.9% | 5.2% | ||
| Q4 24 | 2.4% | 5.5% | ||
| Q3 24 | 2.3% | 7.9% | ||
| Q2 24 | 2.7% | 8.5% |
| Q1 26 | — | — | ||
| Q4 25 | $0.13 | $1.82 | ||
| Q3 25 | $0.11 | $3.98 | ||
| Q2 25 | $0.20 | $4.52 | ||
| Q1 25 | $0.15 | $1.93 | ||
| Q4 24 | $0.19 | $2.42 | ||
| Q3 24 | $0.17 | $4.22 | ||
| Q2 24 | $0.20 | $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 | $41.8M | $392.7M |
| Total DebtLower is stronger | $390.9M | — |
| Stockholders' EquityBook value | $3.0B | $3.2B |
| Total Assets | $4.8B | $4.6B |
| Debt / EquityLower = less leverage | 0.13× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $392.7M | ||
| Q4 25 | $41.8M | $733.3M | ||
| Q3 25 | $235.7M | $524.3M | ||
| Q2 25 | $205.1M | $293.0M | ||
| Q1 25 | $154.3M | $431.8M | ||
| Q4 24 | $165.5M | $781.9M | ||
| Q3 24 | $231.6M | $550.0M | ||
| Q2 24 | $157.2M | $424.9M |
| Q1 26 | — | — | ||
| Q4 25 | $390.9M | $361.6M | ||
| Q3 25 | $509.8M | $340.8M | ||
| Q2 25 | $512.7M | $338.7M | ||
| Q1 25 | $565.8M | $346.4M | ||
| Q4 24 | $420.8M | $337.2M | ||
| Q3 24 | $124.7M | $321.0M | ||
| Q2 24 | $125.8M | $307.1M |
| Q1 26 | — | $3.2B | ||
| Q4 25 | $3.0B | $2.8B | ||
| Q3 25 | $3.0B | $2.8B | ||
| Q2 25 | $3.0B | $2.8B | ||
| Q1 25 | $3.0B | $2.7B | ||
| Q4 24 | $3.0B | $2.7B | ||
| Q3 24 | $3.0B | $2.7B | ||
| Q2 24 | $3.0B | $2.6B |
| Q1 26 | — | $4.6B | ||
| Q4 25 | $4.8B | $4.4B | ||
| Q3 25 | $5.0B | $4.6B | ||
| Q2 25 | $5.0B | $4.7B | ||
| Q1 25 | $5.0B | $4.5B | ||
| Q4 24 | $4.9B | $4.5B | ||
| Q3 24 | $4.6B | $4.5B | ||
| Q2 24 | $4.5B | $4.4B |
| Q1 26 | — | — | ||
| Q4 25 | 0.13× | 0.13× | ||
| Q3 25 | 0.17× | 0.12× | ||
| Q2 25 | 0.17× | 0.12× | ||
| Q1 25 | 0.19× | 0.13× | ||
| Q4 24 | 0.14× | 0.13× | ||
| Q3 24 | 0.04× | 0.12× | ||
| Q2 24 | 0.04× | 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 | $186.0M | — |
| Free Cash FlowOCF − Capex | $145.5M | — |
| FCF MarginFCF / Revenue | 10.4% | — |
| Capex IntensityCapex / Revenue | 2.9% | — |
| Cash ConversionOCF / Net Profit | 8.42× | — |
| TTM Free Cash FlowTrailing 4 quarters | $285.4M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $186.0M | $399.8M | ||
| Q3 25 | $184.2M | $354.9M | ||
| Q2 25 | $175.5M | $-7.4M | ||
| Q1 25 | $91.7M | $-177.6M | ||
| Q4 24 | $199.5M | $378.9M | ||
| Q3 24 | $206.4M | $232.8M | ||
| Q2 24 | $182.6M | $57.7M |
| Q1 26 | — | — | ||
| Q4 25 | $145.5M | $388.5M | ||
| Q3 25 | $56.2M | $346.1M | ||
| Q2 25 | $106.4M | $-14.3M | ||
| Q1 25 | $-22.7M | $-185.2M | ||
| Q4 24 | $113.6M | $370.9M | ||
| Q3 24 | $98.7M | $223.0M | ||
| Q2 24 | $85.5M | $51.3M |
| Q1 26 | — | — | ||
| Q4 25 | 10.4% | 24.6% | ||
| Q3 25 | 3.9% | 16.7% | ||
| Q2 25 | 7.5% | -0.7% | ||
| Q1 25 | -1.6% | -12.1% | ||
| Q4 24 | 8.5% | 21.1% | ||
| Q3 24 | 7.5% | 10.3% | ||
| Q2 24 | 6.5% | 2.4% |
| Q1 26 | — | — | ||
| Q4 25 | 2.9% | 0.7% | ||
| Q3 25 | 8.8% | 0.4% | ||
| Q2 25 | 4.9% | 0.3% | ||
| Q1 25 | 8.2% | 0.5% | ||
| Q4 24 | 6.4% | 0.5% | ||
| Q3 24 | 8.2% | 0.5% | ||
| Q2 24 | 7.4% | 0.3% |
| Q1 26 | — | — | ||
| Q4 25 | 8.42× | 5.57× | ||
| Q3 25 | 9.49× | 2.20× | ||
| Q2 25 | 4.88× | -0.04× | ||
| Q1 25 | 3.51× | -2.22× | ||
| Q4 24 | 6.12× | 3.91× | ||
| Q3 24 | 6.75× | 1.36× | ||
| Q2 24 | 5.17× | 0.32× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
SNDR
| Transportation | $1.3B | 93% |
| Logistics Management | $52.3M | 4% |
| Other | $46.2M | 3% |
WSO
Segment breakdown not available.
