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Side-by-side financial comparison of Molson Coors Beverage Company (TAP) and WATSCO INC (WSO). Click either name above to swap in a different company.
Molson Coors Beverage Company is the larger business by last-quarter revenue ($3.1B vs $1.6B, roughly 2.0× WATSCO INC). Molson Coors Beverage Company runs the higher net margin — 7.6% vs 4.5%, a 3.1% gap on every dollar of revenue. On growth, Molson Coors Beverage Company posted the faster year-over-year revenue change (-3.6% vs -10.0%). WATSCO INC produced more free cash flow last quarter ($388.5M vs $357.8M). Over the past eight quarters, Molson Coors Beverage Company's revenue compounded faster (1.2% CAGR vs 0.4%).
Molson Coors Beverage Company is a Canadian-American multinational drink and brewing company headquartered in Chicago, Illinois and Montreal, Quebec.
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.
TAP vs WSO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $3.1B | $1.6B |
| Net Profit | $238.3M | $71.7M |
| Gross Margin | 31.0% | 27.1% |
| Operating Margin | 10.4% | 6.4% |
| Net Margin | 7.6% | 4.5% |
| Revenue YoY | -3.6% | -10.0% |
| Net Profit YoY | -17.2% | -25.9% |
| EPS (diluted) | $1.32 | $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 | $3.1B | $1.6B | ||
| Q3 25 | $3.5B | $2.1B | ||
| Q2 25 | $3.7B | $2.1B | ||
| Q1 25 | $2.7B | $1.5B | ||
| Q4 24 | $3.2B | $1.8B | ||
| Q3 24 | $3.6B | $2.2B | ||
| Q2 24 | $3.8B | $2.1B | ||
| Q1 24 | $3.0B | $1.6B |
| Q4 25 | $238.3M | $71.7M | ||
| Q3 25 | $-2.9B | $161.6M | ||
| Q2 25 | $428.7M | $183.6M | ||
| Q1 25 | $121.0M | $80.1M | ||
| Q4 24 | $287.8M | $96.8M | ||
| Q3 24 | $199.8M | $171.0M | ||
| Q2 24 | $427.0M | $181.4M | ||
| Q1 24 | $207.8M | $87.0M |
| Q4 25 | 31.0% | 27.1% | ||
| Q3 25 | 33.7% | 27.5% | ||
| Q2 25 | 34.3% | 29.3% | ||
| Q1 25 | 31.6% | 28.1% | ||
| Q4 24 | 32.0% | 26.7% | ||
| Q3 24 | 33.4% | 26.2% | ||
| Q2 24 | 34.6% | 27.1% | ||
| Q1 24 | 31.6% | 27.5% |
| Q4 25 | 10.4% | 6.4% | ||
| Q3 25 | -98.5% | 11.4% | ||
| Q2 25 | 15.6% | 13.2% | ||
| Q1 25 | 6.9% | 7.3% | ||
| Q4 24 | 12.0% | 7.8% | ||
| Q3 24 | 12.5% | 11.6% | ||
| Q2 24 | 15.6% | 12.6% | ||
| Q1 24 | 10.3% | 8.1% |
| Q4 25 | 7.6% | 4.5% | ||
| Q3 25 | -84.0% | 7.8% | ||
| Q2 25 | 11.5% | 8.9% | ||
| Q1 25 | 4.5% | 5.2% | ||
| Q4 24 | 8.9% | 5.5% | ||
| Q3 24 | 5.5% | 7.9% | ||
| Q2 24 | 11.1% | 8.5% | ||
| Q1 24 | 6.8% | 5.6% |
| Q4 25 | $1.32 | $1.82 | ||
| Q3 25 | $-14.79 | $3.98 | ||
| Q2 25 | $2.13 | $4.52 | ||
| Q1 25 | $0.59 | $1.93 | ||
| Q4 24 | $1.39 | $2.42 | ||
| Q3 24 | $0.96 | $4.22 | ||
| Q2 24 | $2.03 | $4.49 | ||
| Q1 24 | $0.97 | $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 | $896.5M | $733.3M |
| Total DebtLower is stronger | $6.3B | $361.6M |
| Stockholders' EquityBook value | $10.2B | $2.8B |
| Total Assets | $22.7B | $4.4B |
| Debt / EquityLower = less leverage | 0.61× | 0.13× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $896.5M | $733.3M | ||
| Q3 25 | $950.2M | $524.3M | ||
| Q2 25 | $613.8M | $293.0M | ||
| Q1 25 | $412.7M | $431.8M | ||
| Q4 24 | $969.3M | $781.9M | ||
| Q3 24 | $1.0B | $550.0M | ||
| Q2 24 | $1.6B | $424.9M | ||
| Q1 24 | $458.4M | $478.9M |
| Q4 25 | $6.3B | $361.6M | ||
| Q3 25 | $6.3B | $340.8M | ||
| Q2 25 | $6.3B | $338.7M | ||
| Q1 25 | $6.2B | $346.4M | ||
| Q4 24 | $6.1B | $337.2M | ||
| Q3 24 | $6.2B | $321.0M | ||
| Q2 24 | $7.0B | $307.1M | ||
| Q1 24 | $6.2B | $306.3M |
| Q4 25 | $10.2B | $2.8B | ||
| Q3 25 | $10.3B | $2.8B | ||
| Q2 25 | $13.4B | $2.8B | ||
| Q1 25 | $13.1B | $2.7B | ||
| Q4 24 | $13.1B | $2.7B | ||
| Q3 24 | $13.3B | $2.7B | ||
| Q2 24 | $13.2B | $2.6B | ||
| Q1 24 | $13.1B | $2.5B |
| Q4 25 | $22.7B | $4.4B | ||
| Q3 25 | $22.9B | $4.6B | ||
| Q2 25 | $26.8B | $4.7B | ||
| Q1 25 | $25.9B | $4.5B | ||
| Q4 24 | $26.1B | $4.5B | ||
| Q3 24 | $26.6B | $4.5B | ||
| Q2 24 | $27.4B | $4.4B | ||
| Q1 24 | $26.1B | $4.4B |
| Q4 25 | 0.61× | 0.13× | ||
| Q3 25 | 0.61× | 0.12× | ||
| Q2 25 | 0.47× | 0.12× | ||
| Q1 25 | 0.47× | 0.13× | ||
| Q4 24 | 0.47× | 0.13× | ||
| Q3 24 | 0.47× | 0.12× | ||
| Q2 24 | 0.53× | 0.12× | ||
| Q1 24 | 0.47× | 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 | $540.7M | $399.8M |
| Free Cash FlowOCF − Capex | $357.8M | $388.5M |
| FCF MarginFCF / Revenue | 11.4% | 24.6% |
| Capex IntensityCapex / Revenue | 5.9% | 0.7% |
| Cash ConversionOCF / Net Profit | 2.27× | 5.57× |
| TTM Free Cash FlowTrailing 4 quarters | $1.1B | $535.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $540.7M | $399.8M | ||
| Q3 25 | $616.1M | $354.9M | ||
| Q2 25 | $718.3M | $-7.4M | ||
| Q1 25 | $-90.7M | $-177.6M | ||
| Q4 24 | $494.5M | $378.9M | ||
| Q3 24 | $521.2M | $232.8M | ||
| Q2 24 | $869.2M | $57.7M | ||
| Q1 24 | $25.4M | $103.7M |
| Q4 25 | $357.8M | $388.5M | ||
| Q3 25 | $483.0M | $346.1M | ||
| Q2 25 | $555.0M | $-14.3M | ||
| Q1 25 | $-328.0M | $-185.2M | ||
| Q4 24 | $383.4M | $370.9M | ||
| Q3 24 | $350.4M | $223.0M | ||
| Q2 24 | $691.7M | $51.3M | ||
| Q1 24 | $-189.3M | $97.9M |
| Q4 25 | 11.4% | 24.6% | ||
| Q3 25 | 13.9% | 16.7% | ||
| Q2 25 | 14.8% | -0.7% | ||
| Q1 25 | -12.2% | -12.1% | ||
| Q4 24 | 11.8% | 21.1% | ||
| Q3 24 | 9.7% | 10.3% | ||
| Q2 24 | 18.0% | 2.4% | ||
| Q1 24 | -6.2% | 6.3% |
| Q4 25 | 5.9% | 0.7% | ||
| Q3 25 | 3.8% | 0.4% | ||
| Q2 25 | 4.4% | 0.3% | ||
| Q1 25 | 8.8% | 0.5% | ||
| Q4 24 | 3.4% | 0.5% | ||
| Q3 24 | 4.7% | 0.5% | ||
| Q2 24 | 4.6% | 0.3% | ||
| Q1 24 | 7.0% | 0.4% |
| Q4 25 | 2.27× | 5.57× | ||
| Q3 25 | — | 2.20× | ||
| Q2 25 | 1.68× | -0.04× | ||
| Q1 25 | -0.75× | -2.22× | ||
| Q4 24 | 1.72× | 3.91× | ||
| Q3 24 | 2.61× | 1.36× | ||
| Q2 24 | 2.04× | 0.32× | ||
| Q1 24 | 0.12× | 1.19× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
