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Side-by-side financial comparison of WEC Energy Group (WEC) and WATSCO INC (WSO). Click either name above to swap in a different company.
WEC Energy Group is the larger business by last-quarter revenue ($2.5B vs $1.6B, roughly 1.6× WATSCO INC). WEC Energy Group runs the higher net margin — 12.5% vs 4.5%, a 7.9% gap on every dollar of revenue. On growth, WEC Energy Group posted the faster year-over-year revenue change (11.1% vs -10.0%). Over the past eight quarters, WATSCO INC's revenue compounded faster (0.4% CAGR vs -2.7%).
WEC Energy Group is an American energy company based in Milwaukee, Wisconsin. It provides electricity and natural gas to 4.4 million customers across four states.
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.
WEC vs WSO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.5B | $1.6B |
| Net Profit | $316.8M | $71.7M |
| Gross Margin | 63.7% | 27.1% |
| Operating Margin | 17.9% | 6.4% |
| Net Margin | 12.5% | 4.5% |
| Revenue YoY | 11.1% | -10.0% |
| Net Profit YoY | -30.1% | -25.9% |
| EPS (diluted) | — | $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 | $2.5B | $1.6B | ||
| Q3 25 | $2.1B | $2.1B | ||
| Q2 25 | $2.0B | $2.1B | ||
| Q1 25 | $3.1B | $1.5B | ||
| Q4 24 | $2.3B | $1.8B | ||
| Q3 24 | $1.9B | $2.2B | ||
| Q2 24 | $1.8B | $2.1B | ||
| Q1 24 | $2.7B | $1.6B |
| Q4 25 | $316.8M | $71.7M | ||
| Q3 25 | $270.2M | $161.6M | ||
| Q2 25 | $243.0M | $183.6M | ||
| Q1 25 | $725.5M | $80.1M | ||
| Q4 24 | $453.1M | $96.8M | ||
| Q3 24 | $238.6M | $171.0M | ||
| Q2 24 | $210.0M | $181.4M | ||
| Q1 24 | $622.6M | $87.0M |
| Q4 25 | 63.7% | 27.1% | ||
| Q3 25 | 71.1% | 27.5% | ||
| Q2 25 | 71.6% | 29.3% | ||
| Q1 25 | 63.0% | 28.1% | ||
| Q4 24 | 67.7% | 26.7% | ||
| Q3 24 | 72.1% | 26.2% | ||
| Q2 24 | 73.5% | 27.1% | ||
| Q1 24 | 65.4% | 27.5% |
| Q4 25 | 17.9% | 6.4% | ||
| Q3 25 | 21.4% | 11.4% | ||
| Q2 25 | 20.1% | 13.2% | ||
| Q1 25 | 29.8% | 7.3% | ||
| Q4 24 | 25.9% | 7.8% | ||
| Q3 24 | 20.6% | 11.6% | ||
| Q2 24 | 20.6% | 12.6% | ||
| Q1 24 | 30.3% | 8.1% |
| Q4 25 | 12.5% | 4.5% | ||
| Q3 25 | 12.8% | 7.8% | ||
| Q2 25 | 12.1% | 8.9% | ||
| Q1 25 | 23.0% | 5.2% | ||
| Q4 24 | 19.8% | 5.5% | ||
| Q3 24 | 12.8% | 7.9% | ||
| Q2 24 | 11.9% | 8.5% | ||
| Q1 24 | 23.2% | 5.6% |
| Q4 25 | — | $1.82 | ||
| Q3 25 | — | $3.98 | ||
| Q2 25 | — | $4.52 | ||
| Q1 25 | — | $1.93 | ||
| Q4 24 | — | $2.42 | ||
| Q3 24 | — | $4.22 | ||
| Q2 24 | — | $4.49 | ||
| Q1 24 | — | $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 | $27.6M | $733.3M |
| Total DebtLower is stronger | $20.0B | $361.6M |
| Stockholders' EquityBook value | $14.1B | $2.8B |
| Total Assets | $51.5B | $4.4B |
| Debt / EquityLower = less leverage | 1.42× | 0.13× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $27.6M | $733.3M | ||
| Q3 25 | $51.1M | $524.3M | ||
| Q2 25 | $23.0M | $293.0M | ||
| Q1 25 | $82.2M | $431.8M | ||
| Q4 24 | $9.8M | $781.9M | ||
| Q3 24 | $322.5M | $550.0M | ||
| Q2 24 | $224.0M | $424.9M | ||
| Q1 24 | $38.9M | $478.9M |
| Q4 25 | $20.0B | $361.6M | ||
| Q3 25 | — | $340.8M | ||
| Q2 25 | — | $338.7M | ||
| Q1 25 | — | $346.4M | ||
| Q4 24 | $18.9B | $337.2M | ||
| Q3 24 | $16.9B | $321.0M | ||
| Q2 24 | $16.9B | $307.1M | ||
| Q1 24 | $15.4B | $306.3M |
| Q4 25 | $14.1B | $2.8B | ||
| Q3 25 | $14.0B | $2.8B | ||
| Q2 25 | $13.7B | $2.8B | ||
| Q1 25 | $13.4B | $2.7B | ||
| Q4 24 | $12.8B | $2.7B | ||
| Q3 24 | $12.4B | $2.7B | ||
| Q2 24 | $12.4B | $2.6B | ||
| Q1 24 | $12.4B | $2.5B |
| Q4 25 | $51.5B | $4.4B | ||
| Q3 25 | $49.8B | $4.6B | ||
| Q2 25 | $48.5B | $4.7B | ||
| Q1 25 | $48.2B | $4.5B | ||
| Q4 24 | $47.4B | $4.5B | ||
| Q3 24 | $45.2B | $4.5B | ||
| Q2 24 | $44.6B | $4.4B | ||
| Q1 24 | $43.9B | $4.4B |
| Q4 25 | 1.42× | 0.13× | ||
| Q3 25 | — | 0.12× | ||
| Q2 25 | — | 0.12× | ||
| Q1 25 | — | 0.13× | ||
| Q4 24 | 1.48× | 0.13× | ||
| Q3 24 | 1.36× | 0.12× | ||
| Q2 24 | 1.36× | 0.12× | ||
| Q1 24 | 1.24× | 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 | $424.6M | $399.8M |
| Free Cash FlowOCF − Capex | — | $388.5M |
| FCF MarginFCF / Revenue | — | 24.6% |
| Capex IntensityCapex / Revenue | — | 0.7% |
| Cash ConversionOCF / Net Profit | 1.34× | 5.57× |
| TTM Free Cash FlowTrailing 4 quarters | — | $535.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $424.6M | $399.8M | ||
| Q3 25 | $938.9M | $354.9M | ||
| Q2 25 | $853.3M | $-7.4M | ||
| Q1 25 | $1.2B | $-177.6M | ||
| Q4 24 | $581.8M | $378.9M | ||
| Q3 24 | $729.0M | $232.8M | ||
| Q2 24 | $1.0B | $57.7M | ||
| Q1 24 | $863.6M | $103.7M |
| Q4 25 | — | $388.5M | ||
| Q3 25 | $-625.7M | $346.1M | ||
| Q2 25 | $23.9M | $-14.3M | ||
| Q1 25 | $461.5M | $-185.2M | ||
| Q4 24 | — | $370.9M | ||
| Q3 24 | $-67.3M | $223.0M | ||
| Q2 24 | $343.5M | $51.3M | ||
| Q1 24 | $419.1M | $97.9M |
| Q4 25 | — | 24.6% | ||
| Q3 25 | -29.7% | 16.7% | ||
| Q2 25 | 1.2% | -0.7% | ||
| Q1 25 | 14.7% | -12.1% | ||
| Q4 24 | — | 21.1% | ||
| Q3 24 | -3.6% | 10.3% | ||
| Q2 24 | 19.4% | 2.4% | ||
| Q1 24 | 15.6% | 6.3% |
| Q4 25 | — | 0.7% | ||
| Q3 25 | 74.4% | 0.4% | ||
| Q2 25 | 41.3% | 0.3% | ||
| Q1 25 | 22.3% | 0.5% | ||
| Q4 24 | — | 0.5% | ||
| Q3 24 | 42.7% | 0.5% | ||
| Q2 24 | 39.2% | 0.3% | ||
| Q1 24 | 16.6% | 0.4% |
| Q4 25 | 1.34× | 5.57× | ||
| Q3 25 | 3.47× | 2.20× | ||
| Q2 25 | 3.51× | -0.04× | ||
| Q1 25 | 1.60× | -2.22× | ||
| Q4 24 | 1.28× | 3.91× | ||
| Q3 24 | 3.06× | 1.36× | ||
| Q2 24 | 4.94× | 0.32× | ||
| Q1 24 | 1.39× | 1.19× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
WEC
| Wisconsin | $1.9B | 73% |
| Illinois | $441.2M | 17% |
| Other States | $165.1M | 7% |
| External Revenues | $74.0M | 3% |
| Otheroperatingrevenues | $8.0M | 0% |
WSO
Segment breakdown not available.
