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. Check earnings quality score of Watsco Inc to evaluate the quality of earnings relative to operating cash generation.

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. Explore WSO long-term asset investment ratio to see how much of total assets are deployed in long-term investments.

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 market value of Watsco Inc.

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