Cost of Revenue Comparison: Watsco, Inc. vs ITT Inc.

Cost of Revenue: A Tale of Two Companies

In the competitive landscape of industrial and HVAC sectors, Watsco, Inc. and ITT Inc. have shown distinct trajectories in their cost of revenue from 2014 to 2023. Watsco, Inc., a leader in HVAC distribution, has seen its cost of revenue soar by approximately 77%, reaching over $5.29 billion in 2023. This growth reflects its expanding market presence and operational scale. In contrast, ITT Inc., a diversified manufacturer, experienced a more modest increase of around 22%, with its cost of revenue peaking at $2.18 billion in the same year. This divergence highlights the differing business models and market strategies of these two giants. As Watsco continues to capitalize on the growing demand for HVAC solutions, ITT's steady growth underscores its resilience in a fluctuating industrial landscape. This comparison offers a fascinating glimpse into how industry dynamics shape financial outcomes over time.