Watsco Inc (WSO) — Cash Flow Reinvestment Rate

Latest as of December 2025: 0.28x

Watsco Inc (WSO) has a Cash Flow Reinvestment Rate of 0.28x as of December 2025, reinvesting $111.34 Million (capex $10.84 Million plus investments $-100.50 Million) from operating cash flow of $399.77 Million. Explore Watsco Inc capex to cash flow ratio to see what proportion of operating cash flow is directed to capital expenditures.

Reinvestment Rate

0.28x
(Capex + Investments) / Operating CF

Total Reinvested

$111.34 Million
Capex + Investments

Operating Cash Flow

$399.77 Million
USD

Capital Expenditures

$10.84 Million
USD

Watsco Inc Cash Flow Reinvestment Rate (1991–2025)

Historical reinvestment intensity for Watsco Inc across 33 annual periods. Also explore Watsco Inc balance sheet assets for the complete picture of this company's asset base.

Annual Cash Flow Reinvestment Rate for Watsco Inc (1991–2025)

Year-by-year capital reinvestment analysis for Watsco Inc. For live market cap and broader valuation context, see Watsco Inc (WSO) total market value.

Year Reinvestment Rate Total Reinvested (USD) Operating CF Capex YoY Change
2025 0.14x $78.92 Million $569.61 Million $34.09 Million ▼ -66.6%
2024 0.41x $320.76 Million $773.10 Million $30.09 Million ▲ +228.6%
2023 0.13x $70.96 Million $561.95 Million $35.48 Million ▲ +6.8%
2022 0.12x $67.62 Million $571.96 Million $33.79 Million ▼ -76.1%
2021 0.49x $172.69 Million $349.57 Million $24.11 Million ▲ +707.7%
2020 0.06x $32.68 Million $534.38 Million $16.34 Million ▼ -3.9%
2019 0.06x $21.36 Million $335.77 Million $16.43 Million ▼ -48.1%
2018 0.12x $20.91 Million $170.56 Million $17.15 Million ▼ -54.6%
2017 0.27x $81.48 Million $301.85 Million $17.88 Million ▼ -13.2%
2016 0.31x $86.41 Million $277.76 Million $43.58 Million ▼ -21.1%
2015 0.39x $87.30 Million $221.38 Million $23.70 Million ▼ -32.8%
2014 0.59x $85.11 Million $144.98 Million $21.51 Million ▲ +505.1%
2013 0.10x $14.58 Million $150.27 Million $14.58 Million ▼ -73.8%
2012 0.37x $64.20 Million $173.34 Million $12.32 Million ▲ +63.4%
2011 0.23x $13.93 Million $61.45 Million $13.93 Million ▲ +311.2%
2010 0.06x $8.42 Million $152.80 Million $8.42 Million ▼ -17.7%
2009 0.07x $5.91 Million $88.29 Million $5.91 Million ▲ +91.3%
2008 0.04x $3.97 Million $113.47 Million $3.97 Million ▼ -37.7%
2007 0.06x $6.07 Million $108.00 Million $6.07 Million ▼ -61.0%
2006 0.14x $9.88 Million $68.54 Million $9.88 Million ▼ -28.6%
2005 0.20x $7.23 Million $35.78 Million $7.23 Million ▲ +136.1%
2004 0.09x $4.85 Million $56.66 Million $4.85 Million ▲ +67.9%
2003 0.05x $3.07 Million $60.25 Million $3.07 Million ▼ -25.0%
2002 0.07x $4.54 Million $66.86 Million $4.54 Million ▼ -22.8%
2001 0.09x $4.62 Million $52.57 Million $4.62 Million ▼ -38.6%
2000 0.14x $7.03 Million $49.06 Million $7.03 Million ▼ -81.6%
1999 0.78x $32.60 Million $41.90 Million $32.60 Million ▼ -89.5%
1998 7.43x $34.90 Million $4.70 Million $34.90 Million ▲ +448.2%
1995 1.35x $14.90 Million $11.00 Million $14.90 Million ▼ -20.7%
1994 1.71x $4.10 Million $2.40 Million $4.10 Million ▼ -48.8%
1993 3.33x $3.00 Million $900.00K $3.00 Million ▲ +850.0%
1992 0.35x $2.00 Million $5.70 Million $2.00 Million ▼ -90.4%
1991 3.67x $1.10 Million $300.00K $1.10 Million
Cash Flow Reinvestment Rate = (ABS(Capex) + ABS(Investments)) / Operating Cash Flow