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Side-by-side financial comparison of Vontier Corp (VNT) 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 $808.5M, roughly 1.9× Vontier Corp). Vontier Corp runs the higher net margin — 15.3% vs 6.1%, a 9.2% gap on every dollar of revenue. On growth, Vontier Corp posted the faster year-over-year revenue change (4.1% vs 0.1%). Over the past eight quarters, Vontier Corp's revenue compounded faster (3.4% CAGR vs -15.3%).
Vontier Corporation is an industrial manufacturing company headquartered in Raleigh, North Carolina. It owns the brands Gilbarco Veeder-Root, Matco Tools and Teletrac Navman, including subsidiaries Hennessy Industries, Gasboy, and Global Traffic Technologies (GTT).
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.
VNT vs WSO — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $808.5M | $1.5B |
| Net Profit | $123.5M | $92.9M |
| Gross Margin | — | 27.9% |
| Operating Margin | 18.9% | 7.2% |
| Net Margin | 15.3% | 6.1% |
| Revenue YoY | 4.1% | 0.1% |
| Net Profit YoY | 0.0% | -1.7% |
| EPS (diluted) | $0.85 | — |
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 | $808.5M | $1.6B | ||
| Q3 25 | $752.5M | $2.1B | ||
| Q2 25 | $773.5M | $2.1B | ||
| Q1 25 | $741.1M | $1.5B | ||
| Q4 24 | $776.8M | $1.8B | ||
| Q3 24 | $750.0M | $2.2B | ||
| Q2 24 | $696.4M | $2.1B |
| Q1 26 | — | $92.9M | ||
| Q4 25 | $123.5M | $71.7M | ||
| Q3 25 | $102.8M | $161.6M | ||
| Q2 25 | $91.9M | $183.6M | ||
| Q1 25 | $87.9M | $80.1M | ||
| Q4 24 | $123.5M | $96.8M | ||
| Q3 24 | $91.8M | $171.0M | ||
| Q2 24 | $70.1M | $181.4M |
| Q1 26 | — | 27.9% | ||
| Q4 25 | — | 27.1% | ||
| Q3 25 | 47.3% | 27.5% | ||
| Q2 25 | 47.9% | 29.3% | ||
| Q1 25 | 47.3% | 28.1% | ||
| Q4 24 | — | 26.7% | ||
| Q3 24 | 47.2% | 26.2% | ||
| Q2 24 | 48.2% | 27.1% |
| Q1 26 | — | 7.2% | ||
| Q4 25 | 18.9% | 6.4% | ||
| Q3 25 | 18.9% | 11.4% | ||
| Q2 25 | 17.6% | 13.2% | ||
| Q1 25 | 17.6% | 7.3% | ||
| Q4 24 | 19.2% | 7.8% | ||
| Q3 24 | 17.5% | 11.6% | ||
| Q2 24 | 16.4% | 12.6% |
| Q1 26 | — | 6.1% | ||
| Q4 25 | 15.3% | 4.5% | ||
| Q3 25 | 13.7% | 7.8% | ||
| Q2 25 | 11.9% | 8.9% | ||
| Q1 25 | 11.9% | 5.2% | ||
| Q4 24 | 15.9% | 5.5% | ||
| Q3 24 | 12.2% | 7.9% | ||
| Q2 24 | 10.1% | 8.5% |
| Q1 26 | — | — | ||
| Q4 25 | $0.85 | $1.82 | ||
| Q3 25 | $0.70 | $3.98 | ||
| Q2 25 | $0.62 | $4.52 | ||
| Q1 25 | $0.59 | $1.93 | ||
| Q4 24 | $0.82 | $2.42 | ||
| Q3 24 | $0.60 | $4.22 | ||
| Q2 24 | $0.45 | $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 | $492.2M | $392.7M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.2B | $3.2B |
| Total Assets | $4.4B | $4.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $392.7M | ||
| Q4 25 | $492.2M | $733.3M | ||
| Q3 25 | $433.8M | $524.3M | ||
| Q2 25 | $364.2M | $293.0M | ||
| Q1 25 | $333.6M | $431.8M | ||
| Q4 24 | $356.4M | $781.9M | ||
| Q3 24 | $330.9M | $550.0M | ||
| Q2 24 | $331.3M | $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 | $1.2B | $2.8B | ||
| Q3 25 | $1.2B | $2.8B | ||
| Q2 25 | $1.2B | $2.8B | ||
| Q1 25 | $1.1B | $2.7B | ||
| Q4 24 | $1.1B | $2.7B | ||
| Q3 24 | $1.0B | $2.7B | ||
| Q2 24 | $1.0B | $2.6B |
| Q1 26 | — | $4.6B | ||
| Q4 25 | $4.4B | $4.4B | ||
| Q3 25 | $4.4B | $4.6B | ||
| Q2 25 | $4.4B | $4.7B | ||
| Q1 25 | $4.3B | $4.5B | ||
| Q4 24 | $4.3B | $4.5B | ||
| Q3 24 | $4.3B | $4.5B | ||
| Q2 24 | $4.2B | $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 | $190.1M | — |
| Free Cash FlowOCF − Capex | $174.8M | — |
| FCF MarginFCF / Revenue | 21.6% | — |
| Capex IntensityCapex / Revenue | 1.9% | — |
| Cash ConversionOCF / Net Profit | 1.54× | — |
| TTM Free Cash FlowTrailing 4 quarters | $441.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $190.1M | $399.8M | ||
| Q3 25 | $110.5M | $354.9M | ||
| Q2 25 | $100.0M | $-7.4M | ||
| Q1 25 | $110.4M | $-177.6M | ||
| Q4 24 | $168.1M | $378.9M | ||
| Q3 24 | $121.8M | $232.8M | ||
| Q2 24 | $46.1M | $57.7M |
| Q1 26 | — | — | ||
| Q4 25 | $174.8M | $388.5M | ||
| Q3 25 | $90.3M | $346.1M | ||
| Q2 25 | $83.3M | $-14.3M | ||
| Q1 25 | $92.7M | $-185.2M | ||
| Q4 24 | $148.0M | $370.9M | ||
| Q3 24 | $103.2M | $223.0M | ||
| Q2 24 | $22.3M | $51.3M |
| Q1 26 | — | — | ||
| Q4 25 | 21.6% | 24.6% | ||
| Q3 25 | 12.0% | 16.7% | ||
| Q2 25 | 10.8% | -0.7% | ||
| Q1 25 | 12.5% | -12.1% | ||
| Q4 24 | 19.1% | 21.1% | ||
| Q3 24 | 13.8% | 10.3% | ||
| Q2 24 | 3.2% | 2.4% |
| Q1 26 | — | — | ||
| Q4 25 | 1.9% | 0.7% | ||
| Q3 25 | 2.7% | 0.4% | ||
| Q2 25 | 2.2% | 0.3% | ||
| Q1 25 | 2.4% | 0.5% | ||
| Q4 24 | 2.6% | 0.5% | ||
| Q3 24 | 2.5% | 0.5% | ||
| Q2 24 | 3.4% | 0.3% |
| Q1 26 | — | — | ||
| Q4 25 | 1.54× | 5.57× | ||
| Q3 25 | 1.07× | 2.20× | ||
| Q2 25 | 1.09× | -0.04× | ||
| Q1 25 | 1.26× | -2.22× | ||
| Q4 24 | 1.36× | 3.91× | ||
| Q3 24 | 1.33× | 1.36× | ||
| Q2 24 | 0.66× | 0.32× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
VNT
| Environmental Fueling Solutions Segment | $387.5M | 48% |
| Services | $191.0M | 24% |
| Repair Solutions Segment | $144.5M | 18% |
| Other | $85.5M | 11% |
WSO
Segment breakdown not available.
