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EARNINGS PER SHARE | 9 Months Ended
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Sep. 30, 2025
Earnings Per Share [Abstract] |
EARNINGS PER SHARE | 3. EARNINGS PER SHARE The following table presents the calculation of basic and diluted earnings per share for our common stock:
|  | Quarter Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Basic Earnings per Share: |  |  |  |  |  |  |  |  |  |  |  |
Net income attributable to Watsco, Inc. shareholders |  | $ | 161,575 |  |  | $ | 171,031 |  |  | $ | 425,249 |  |  | $ | 439,445 |
Less: distributed and undistributed earnings allocated to restricted common stock |  |  | 10,707 |  |  |  | 11,899 |  |  |  | 28,118 |  |  |  | 30,708 |
Earnings allocated to Watsco, Inc. shareholders |  | $ | 150,868 |  |  | $ | 159,132 |  |  | $ | 397,131 |  |  | $ | 408,737 |
Weighted-average common shares outstanding - Basic |  |  | 37,860,987 |  |  |  | 37,552,000 |  |  |  | 37,813,336 |  |  |  | 37,314,089 |
Basic earnings per share for common stock |  | $ | 3.98 |  |  | $ | 4.24 |  |  | $ | 10.50 |  |  | $ | 10.95 |
Allocation of earnings for Basic: |  |  |  |  |  |  |  |  |  |  |  |
Common stock |  | $ | 137,431 |  |  | $ | 145,413 |  |  | $ | 361,717 |  |  | $ | 373,273 |
Class B common stock |  |  | 13,437 |  |  |  | 13,719 |  |  |  | 35,414 |  |  |  | 35,464 |
|  | $ | 150,868 |  |  | $ | 159,132 |  |  | $ | 397,131 |  |  | $ | 408,737 |
Diluted Earnings per Share: |  |  |  |  |  |  |  |  |  |  |  |
Net income attributable to Watsco, Inc. shareholders |  | $ | 161,575 |  |  | $ | 171,031 |  |  | $ | 425,249 |  |  | $ | 439,445 |
Less: distributed and undistributed earnings allocated to restricted common stock |  |  | 10,703 |  |  |  | 11,886 |  |  |  | 28,109 |  |  |  | 30,682 |
Earnings allocated to Watsco, Inc. shareholders |  | $ | 150,872 |  |  | $ | 159,145 |  |  | $ | 397,140 |  |  | $ | 408,763 |
Weighted-average common shares outstanding - Basic |  |  | 37,860,987 |  |  |  | 37,552,000 |  |  |  | 37,813,336 |  |  |  | 37,314,089 |
Effect of dilutive stock options |  |  | 57,405 |  |  |  | 119,752 |  |  |  | 77,261 |  |  |  | 119,761 |
Weighted-average common shares outstanding - Diluted |  |  | 37,918,392 |  |  |  | 37,671,752 |  |  |  | 37,890,597 |  |  |  | 37,433,850 |
Diluted earnings per share for common stock |  | $ | 3.98 |  |  | $ | 4.22 |  |  | $ | 10.48 |  |  | $ | 10.92 |
Anti-dilutive stock options not included above |  |  | 52,921 |  |  |  | 16,519 |  |  |  | 38,623 |  |  |  | 28,274 |
Diluted earnings per share for our Common stock assumes the conversion of all our Class B common stock into Common stock as of the beginning of the fiscal year; therefore, no allocation of earnings to Class B common stock is required. At September 30, 2025 and 2024, our outstanding Class B common stock was convertible into 3,372,031 and 3,237,527 shares of our Common stock, respectively.

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