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Side-by-side financial comparison of Snowflake Inc. (SNOW) 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 $1.2B, roughly 1.3× Snowflake Inc.). WATSCO INC runs the higher net margin — 6.1% vs -24.2%, a 30.3% gap on every dollar of revenue. On growth, Snowflake Inc. posted the faster year-over-year revenue change (28.7% vs 0.1%). Over the past eight quarters, Snowflake Inc.'s revenue compounded faster (25.1% CAGR vs -15.3%).
Snowflake Inc. is an American cloud-based data platform company founded in San Mateo, California, and headquartered in Bozeman, Montana. It operates a platform that supports data analysis and simultaneous access to data sets with minimal latency. It operates on Amazon Web Services, Microsoft Azure, and Google Cloud Platform.
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.
SNOW vs WSO — Head-to-Head
Income Statement — Q3 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $1.5B |
| Net Profit | $-294.0M | $92.9M |
| Gross Margin | 67.8% | 27.9% |
| Operating Margin | -27.2% | 7.2% |
| Net Margin | -24.2% | 6.1% |
| Revenue YoY | 28.7% | 0.1% |
| Net Profit YoY | 9.4% | -1.7% |
| EPS (diluted) | $-0.87 | — |
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 | — | $1.5B | ||
| Q4 25 | $1.2B | $1.6B | ||
| Q3 25 | $1.1B | $2.1B | ||
| Q2 25 | $1.0B | $2.1B | ||
| Q1 25 | $986.8M | $1.5B | ||
| Q4 24 | $942.1M | $1.8B | ||
| Q3 24 | $868.8M | $2.2B | ||
| Q2 24 | $828.7M | $2.1B |
| Q1 26 | — | $92.9M | ||
| Q4 25 | $-294.0M | $71.7M | ||
| Q3 25 | $-298.0M | $161.6M | ||
| Q2 25 | $-430.1M | $183.6M | ||
| Q1 25 | $-327.5M | $80.1M | ||
| Q4 24 | $-324.3M | $96.8M | ||
| Q3 24 | $-316.9M | $171.0M | ||
| Q2 24 | $-317.0M | $181.4M |
| Q1 26 | — | 27.9% | ||
| Q4 25 | 67.8% | 27.1% | ||
| Q3 25 | 67.5% | 27.5% | ||
| Q2 25 | 66.5% | 29.3% | ||
| Q1 25 | 66.2% | 28.1% | ||
| Q4 24 | 65.9% | 26.7% | ||
| Q3 24 | 66.8% | 26.2% | ||
| Q2 24 | 67.1% | 27.1% |
| Q1 26 | — | 7.2% | ||
| Q4 25 | -27.2% | 6.4% | ||
| Q3 25 | -29.7% | 11.4% | ||
| Q2 25 | -42.9% | 13.2% | ||
| Q1 25 | -39.2% | 7.3% | ||
| Q4 24 | -38.8% | 7.8% | ||
| Q3 24 | -40.9% | 11.6% | ||
| Q2 24 | -42.1% | 12.6% |
| Q1 26 | — | 6.1% | ||
| Q4 25 | -24.2% | 4.5% | ||
| Q3 25 | -26.0% | 7.8% | ||
| Q2 25 | -41.3% | 8.9% | ||
| Q1 25 | -33.2% | 5.2% | ||
| Q4 24 | -34.4% | 5.5% | ||
| Q3 24 | -36.5% | 7.9% | ||
| Q2 24 | -38.3% | 8.5% |
| Q1 26 | — | — | ||
| Q4 25 | $-0.87 | $1.82 | ||
| Q3 25 | $-0.89 | $3.98 | ||
| Q2 25 | $-1.29 | $4.52 | ||
| Q1 25 | $-0.98 | $1.93 | ||
| Q4 24 | $-0.98 | $2.42 | ||
| Q3 24 | $-0.95 | $4.22 | ||
| Q2 24 | $-0.95 | $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 | $1.9B | $392.7M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.1B | $3.2B |
| Total Assets | $8.2B | $4.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $392.7M | ||
| Q4 25 | $1.9B | $733.3M | ||
| Q3 25 | $1.9B | $524.3M | ||
| Q2 25 | $2.2B | $293.0M | ||
| Q1 25 | $2.6B | $431.8M | ||
| Q4 24 | $2.1B | $781.9M | ||
| Q3 24 | $1.3B | $550.0M | ||
| Q2 24 | $1.3B | $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 | — | $3.2B | ||
| Q4 25 | $2.1B | $2.8B | ||
| Q3 25 | $2.4B | $2.8B | ||
| Q2 25 | $2.4B | $2.8B | ||
| Q1 25 | $3.0B | $2.7B | ||
| Q4 24 | $2.9B | $2.7B | ||
| Q3 24 | $4.1B | $2.7B | ||
| Q2 24 | $4.6B | $2.6B |
| Q1 26 | — | $4.6B | ||
| Q4 25 | $8.2B | $4.4B | ||
| Q3 25 | $8.2B | $4.6B | ||
| Q2 25 | $8.2B | $4.7B | ||
| Q1 25 | $9.0B | $4.5B | ||
| Q4 24 | $8.2B | $4.5B | ||
| Q3 24 | $6.9B | $4.5B | ||
| Q2 24 | $7.3B | $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× |
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 | $137.5M | — |
| Free Cash FlowOCF − Capex | $113.6M | — |
| FCF MarginFCF / Revenue | 9.4% | — |
| Capex IntensityCapex / Revenue | 2.0% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $776.7M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $137.5M | $399.8M | ||
| Q3 25 | $74.9M | $354.9M | ||
| Q2 25 | $228.4M | $-7.4M | ||
| Q1 25 | $432.7M | $-177.6M | ||
| Q4 24 | $101.7M | $378.9M | ||
| Q3 24 | $69.9M | $232.8M | ||
| Q2 24 | $355.5M | $57.7M |
| Q1 26 | — | — | ||
| Q4 25 | $113.6M | $388.5M | ||
| Q3 25 | $58.2M | $346.1M | ||
| Q2 25 | $183.4M | $-14.3M | ||
| Q1 25 | $421.4M | $-185.2M | ||
| Q4 24 | $88.3M | $370.9M | ||
| Q3 24 | $64.8M | $223.0M | ||
| Q2 24 | $338.9M | $51.3M |
| Q1 26 | — | — | ||
| Q4 25 | 9.4% | 24.6% | ||
| Q3 25 | 5.1% | 16.7% | ||
| Q2 25 | 17.6% | -0.7% | ||
| Q1 25 | 42.7% | -12.1% | ||
| Q4 24 | 9.4% | 21.1% | ||
| Q3 24 | 7.5% | 10.3% | ||
| Q2 24 | 40.9% | 2.4% |
| Q1 26 | — | — | ||
| Q4 25 | 2.0% | 0.7% | ||
| Q3 25 | 1.5% | 0.4% | ||
| Q2 25 | 4.3% | 0.3% | ||
| Q1 25 | 1.1% | 0.5% | ||
| Q4 24 | 1.4% | 0.5% | ||
| Q3 24 | 0.6% | 0.5% | ||
| Q2 24 | 2.0% | 0.3% |
| Q1 26 | — | — | ||
| Q4 25 | — | 5.57× | ||
| Q3 25 | — | 2.20× | ||
| Q2 25 | — | -0.04× | ||
| Q1 25 | — | -2.22× | ||
| Q4 24 | — | 3.91× | ||
| Q3 24 | — | 1.36× | ||
| Q2 24 | — | 0.32× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
SNOW
| Products | $1.2B | 96% |
| Professional Services And Other | $54.5M | 4% |
| Related Party | $6.7M | 1% |
WSO
Segment breakdown not available.
