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Side-by-side financial comparison of Synopsys (SNPS) and WATSCO INC (WSO). Click either name above to swap in a different company.
Synopsys is the larger business by last-quarter revenue ($2.3B vs $1.6B, roughly 1.4× WATSCO INC). Synopsys runs the higher net margin — 19.9% vs 4.5%, a 15.4% gap on every dollar of revenue. On growth, Synopsys posted the faster year-over-year revenue change (50.6% vs -10.0%). Synopsys produced more free cash flow last quarter ($605.2M vs $388.5M). Over the past eight quarters, Synopsys's revenue compounded faster (16.9% CAGR vs 0.4%).
Synopsys, Inc. is an American multinational electronic design automation (EDA) company headquartered in Sunnyvale, California, that focuses on design and verification of silicon chips, electronic system-level design and verification, and reusable components. Synopsys supplies tools and services to the semiconductor design and manufacturing industry.
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.
SNPS vs WSO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.3B | $1.6B |
| Net Profit | $448.7M | $71.7M |
| Gross Margin | 71.0% | 27.1% |
| Operating Margin | 5.4% | 6.4% |
| Net Margin | 19.9% | 4.5% |
| Revenue YoY | 50.6% | -10.0% |
| Net Profit YoY | -59.7% | -25.9% |
| EPS (diluted) | $2.44 | $1.82 |
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.
| Q4 25 | $2.3B | $1.6B | ||
| Q3 25 | $1.7B | $2.1B | ||
| Q2 25 | $1.6B | $2.1B | ||
| Q1 25 | $1.5B | $1.5B | ||
| Q4 24 | $1.5B | $1.8B | ||
| Q3 24 | $1.5B | $2.2B | ||
| Q2 24 | $1.5B | $2.1B | ||
| Q1 24 | $1.6B | $1.6B |
| Q4 25 | $448.7M | $71.7M | ||
| Q3 25 | $242.5M | $161.6M | ||
| Q2 25 | $345.3M | $183.6M | ||
| Q1 25 | $295.7M | $80.1M | ||
| Q4 24 | $1.1B | $96.8M | ||
| Q3 24 | $408.1M | $171.0M | ||
| Q2 24 | $292.1M | $181.4M | ||
| Q1 24 | $449.1M | $87.0M |
| Q4 25 | 71.0% | 27.1% | ||
| Q3 25 | 78.1% | 27.5% | ||
| Q2 25 | 80.2% | 29.3% | ||
| Q1 25 | 81.4% | 28.1% | ||
| Q4 24 | 78.3% | 26.7% | ||
| Q3 24 | 80.9% | 26.2% | ||
| Q2 24 | 79.4% | 27.1% | ||
| Q1 24 | 80.0% | 27.5% |
| Q4 25 | 5.4% | 6.4% | ||
| Q3 25 | 9.5% | 11.4% | ||
| Q2 25 | 23.5% | 13.2% | ||
| Q1 25 | 17.3% | 7.3% | ||
| Q4 24 | 20.3% | 7.8% | ||
| Q3 24 | 23.6% | 11.6% | ||
| Q2 24 | 22.8% | 12.6% | ||
| Q1 24 | 21.8% | 8.1% |
| Q4 25 | 19.9% | 4.5% | ||
| Q3 25 | 13.9% | 7.8% | ||
| Q2 25 | 21.5% | 8.9% | ||
| Q1 25 | 20.3% | 5.2% | ||
| Q4 24 | 74.4% | 5.5% | ||
| Q3 24 | 26.7% | 7.9% | ||
| Q2 24 | 20.1% | 8.5% | ||
| Q1 24 | 27.2% | 5.6% |
| Q4 25 | $2.44 | $1.82 | ||
| Q3 25 | $1.50 | $3.98 | ||
| Q2 25 | $2.21 | $4.52 | ||
| Q1 25 | $1.89 | $1.93 | ||
| Q4 24 | $7.13 | $2.42 | ||
| Q3 24 | $2.61 | $4.22 | ||
| Q2 24 | $1.88 | $4.49 | ||
| Q1 24 | $2.89 | $2.17 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $3.0B | $733.3M |
| Total DebtLower is stronger | $13.5B | $361.6M |
| Stockholders' EquityBook value | $28.3B | $2.8B |
| Total Assets | $48.2B | $4.4B |
| Debt / EquityLower = less leverage | 0.48× | 0.13× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.0B | $733.3M | ||
| Q3 25 | $2.6B | $524.3M | ||
| Q2 25 | $14.3B | $293.0M | ||
| Q1 25 | $3.8B | $431.8M | ||
| Q4 24 | $4.1B | $781.9M | ||
| Q3 24 | $2.0B | $550.0M | ||
| Q2 24 | $1.7B | $424.9M | ||
| Q1 24 | $1.3B | $478.9M |
| Q4 25 | $13.5B | $361.6M | ||
| Q3 25 | $14.3B | $340.8M | ||
| Q2 25 | $10.1B | $338.7M | ||
| Q1 25 | — | $346.4M | ||
| Q4 24 | — | $337.2M | ||
| Q3 24 | — | $321.0M | ||
| Q2 24 | — | $307.1M | ||
| Q1 24 | — | $306.3M |
| Q4 25 | $28.3B | $2.8B | ||
| Q3 25 | $27.6B | $2.8B | ||
| Q2 25 | $9.9B | $2.8B | ||
| Q1 25 | $9.3B | $2.7B | ||
| Q4 24 | $9.0B | $2.7B | ||
| Q3 24 | $7.7B | $2.7B | ||
| Q2 24 | $7.2B | $2.6B | ||
| Q1 24 | $6.7B | $2.5B |
| Q4 25 | $48.2B | $4.4B | ||
| Q3 25 | $48.2B | $4.6B | ||
| Q2 25 | $23.8B | $4.7B | ||
| Q1 25 | $13.0B | $4.5B | ||
| Q4 24 | $13.1B | $4.5B | ||
| Q3 24 | $11.6B | $4.5B | ||
| Q2 24 | $11.0B | $4.4B | ||
| Q1 24 | $10.6B | $4.4B |
| Q4 25 | 0.48× | 0.13× | ||
| Q3 25 | 0.52× | 0.12× | ||
| Q2 25 | 1.01× | 0.12× | ||
| Q1 25 | — | 0.13× | ||
| Q4 24 | — | 0.13× | ||
| Q3 24 | — | 0.12× | ||
| Q2 24 | — | 0.12× | ||
| Q1 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 | $639.7M | $399.8M |
| Free Cash FlowOCF − Capex | $605.2M | $388.5M |
| FCF MarginFCF / Revenue | 26.8% | 24.6% |
| Capex IntensityCapex / Revenue | 1.5% | 0.7% |
| Cash ConversionOCF / Net Profit | 1.43× | 5.57× |
| TTM Free Cash FlowTrailing 4 quarters | $1.3B | $535.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $639.7M | $399.8M | ||
| Q3 25 | $671.0M | $354.9M | ||
| Q2 25 | $275.4M | $-7.4M | ||
| Q1 25 | $-67.5M | $-177.6M | ||
| Q4 24 | $562.8M | $378.9M | ||
| Q3 24 | $455.4M | $232.8M | ||
| Q2 24 | $476.6M | $57.7M | ||
| Q1 24 | $-87.8M | $103.7M |
| Q4 25 | $605.2M | $388.5M | ||
| Q3 25 | $632.4M | $346.1M | ||
| Q2 25 | $219.8M | $-14.3M | ||
| Q1 25 | $-108.2M | $-185.2M | ||
| Q4 24 | $558.4M | $370.9M | ||
| Q3 24 | $415.4M | $223.0M | ||
| Q2 24 | $438.2M | $51.3M | ||
| Q1 24 | $-128.2M | $97.9M |
| Q4 25 | 26.8% | 24.6% | ||
| Q3 25 | 36.3% | 16.7% | ||
| Q2 25 | 13.7% | -0.7% | ||
| Q1 25 | -7.4% | -12.1% | ||
| Q4 24 | 37.3% | 21.1% | ||
| Q3 24 | 27.2% | 10.3% | ||
| Q2 24 | 30.1% | 2.4% | ||
| Q1 24 | -7.8% | 6.3% |
| Q4 25 | 1.5% | 0.7% | ||
| Q3 25 | 2.2% | 0.4% | ||
| Q2 25 | 3.5% | 0.3% | ||
| Q1 25 | 2.8% | 0.5% | ||
| Q4 24 | 0.3% | 0.5% | ||
| Q3 24 | 2.6% | 0.5% | ||
| Q2 24 | 2.6% | 0.3% | ||
| Q1 24 | 2.4% | 0.4% |
| Q4 25 | 1.43× | 5.57× | ||
| Q3 25 | 2.77× | 2.20× | ||
| Q2 25 | 0.80× | -0.04× | ||
| Q1 25 | -0.23× | -2.22× | ||
| Q4 24 | 0.51× | 3.91× | ||
| Q3 24 | 1.12× | 1.36× | ||
| Q2 24 | 1.63× | 0.32× | ||
| Q1 24 | -0.20× | 1.19× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
SNPS
| License And Maintenance | $940.7M | 42% |
| Other | $640.0M | 28% |
| Design IP Segment | $407.1M | 18% |
| KR | $236.9M | 11% |
| Sales Based Royalties | $30.1M | 1% |
WSO
Segment breakdown not available.
