TD SYNNEX CORPORATION vs WATSCO INC, two Distribution stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
TD Synnex distributes IT products at a 1.52% margin, Watsco HVAC equipment at 6.85%, and Watsco earns the higher return on equity, 15.43% against 11.24%, on much fatter margins. Both run clean balance sheets and convert strong free cash, Synnex at 5.86% and Watsco at 4.45%. Watsco trades far richer, 33.7 times earnings against Synnex's 22.1, and pays a bigger dividend, 2.85% against 0.66%. The pair contrasts a high-volume technology distributor with a high-margin HVAC one: Watsco earns more per sale and per share of equity and commands a growth multiple, Synnex moves vast volumes at thin margins for a cheaper price, and the two show that in distribution, cash can come from either margin or velocity.
Comparison updated 2026-07-11.
| Metric | SNX | WSO |
|---|---|---|
| Price | $251.89 | $384.10 |
| Market cap | $20.1B | $14.6B |
| Sector | Distribution | Distribution |
| Stage | Growth | Mature |
| Implied growth (priced in) | +3.9% | +19.8% |
| P/E | 18.1 | 31.5 |
| P/B | 2.24 | 4.54 |
| P/S | 0.29 | 2.01 |
| EV/EBITDA | 10.6 | 20.0 |
| Revenue growth | +16.3% | -4.4% |
| Gross margin | 6.8% | 27.9% |
| Operating margin | 2.6% | 7.2% |
| Net margin | 1.6% | 6.8% |
| Return on equity | 12.7% | 15.4% |
| Return on assets | 3.0% | 10.7% |
| Return on invested capital | 13.8% | 16.0% |
| FCF yield | 1.9% | 4.8% |
| Dividend yield | 0.7% | 3.0% |
| Debt / equity | 0.13 | 0.11 |
| Current ratio | 1.20 | 3.34 |
| Altman Z (solvency) | 2.56 | 8.60 |
| Piotroski F (quality) | 5 / 9 | 5 / 9 |
Each week boothcheck ranks the stocks whose prices are betting on the most. Read the most stretched bets archive →
boothcheck is also on Android. Get the app on Google Play →
The stronger value is highlighted per metric where one is strictly better on that single number; it is not an overall verdict on either company. For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.