WSOWATSCO INC
Wholesale-Hardware & Plumbing & Heating Equipment & Supplies
- Revenue
- $7.2B
- 5.0% YoY
- Operating margin
- 10.0%
- 3.0% YoY
- EBITDA
- $764M
- 7.1% YoY
- Market cap
- $11.6B
- Employees
- 4,200
- $2M revenue each
- Net debt / EBITDA
- 0.0×
- $4M net debt
- AI in 10-K
- 0.9
- mentions per 10K words
Takeover score 0 of 13
Fixable underperformance 0 of 7
- TSR below peersNo1 of 5 years3+ of last 5 years
- High CEO pay despite TSRNo$11M medianMedian CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo97% of net incomeCash flow under 80% of net income
- Dilutive SBCNo0% of revenueOver 10% of revenue
- Payouts exceed cash flowNo84% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo11% of assetsOver 40% of assets
- Shareholder dissentNo96% lowest supportAny vote under 80% support
Buyer economics 0 of 4
- Low revenue per employeeNo$2M · 90th pctBottom quartile of its SIC industry
- Quiet on AINo0.9 per 10K words · 32nd pctBottom quartile of AI mentions in 10-Ks
- Net cashNo0.0× EBITDA net debtMore cash than debt, positive EBITDA
- Buyout-sizedNo$11.6B market capMarket cap $500M–$5B
Catalysts 0 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingNo$0 netNet sales over $10M in 12 months
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $6.3B | $7.3B | $7.3B | $7.6B | $7.2B | 5.0% |
| Operating income | $629M | $832M | $795M | $782M | $720M | 7.9% |
| Net income | $499M | $704M | $634M | $636M | $588M | 7.6% |
| Operating cash flow | $350M | $572M | $562M | $773M | $570M | 26% |
| Capex | $25M | $36M | $35M | $30M | $35M | 15% |
| Stock-based comp | $25M | $29M | $30M | $35M | $35M | 0.9% |
| Dividends | $295M | $332M | $383M | $424M | $474M | 12% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $834K | −$272M | 171 | 191 |
| FY2024 | $6M | $186M | 234 | 170 |
| FY2023 | $11M | $266M | 207 | 149 |
| FY2022 | $11M | −$80M | 117 | 114 |
| FY2021 | $11M | $200M | 142 | 128 |