Watsco (WSO-B) Net Margin (2009 - 2026)
Watsco's Net Margin was 7.25% in Q2 2026, down 1.06 percentage points from 8.31% a year earlier but up 2.62 percentage points from the prior quarter.
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Analysis
Watsco (WSO-B) Net Margin (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Watsco's Net Margin was 6.06% through Jun 30, 2026, down 0.51 percentage points year-over-year; for FY2025, it was 6.41%, down 0.14 percentage points from FY2024.
- Net Margin has now declined for three consecutive years, though with a five-year change of +1.08 percentage points (FY2020 to FY2025).
- In earlier years, Net Margin was 6.55% in FY2024 (-0.31 pp), 6.86% in FY2023 (-1.41 pp), 8.26% in FY2022 (+1.59 pp) and 6.67% in FY2021 (+1.34 pp).
- Quarterly Net Margin has moved between 4.25% (Q4 2025) and 9.02% (Q2 2022) over five years.
- Compared with a year earlier, Net Margin has declined for 11 straight quarters, with an average year-over-year change of -0.47 percentage points over the last eight quarters.
- The best year-over-year quarter for Net Margin over five years was Q4 2022 (a gain of 3.49 percentage points); the worst was Q4 2023 (a drop of 3.56 percentage points).
- Per Business Quant data, WSO-B's Net Margin in the three quarters before Q2 2026 was 4.63% (Q1 2026), 4.25% (Q4 2025) and 7.30% (Q3 2025).
Peer Set
Peer Comparison
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 7.25% |
| Mar 31, 2026 | 4.63% |
| Dec 31, 2025 | 4.25% |
| Sep 30, 2025 | 7.30% |
| Jun 30, 2025 | 8.31% |
| Mar 31, 2025 | 4.76% |
| Dec 31, 2024 | 5.14% |
| Sep 30, 2024 | 7.37% |
| Jun 30, 2024 | 8.48% |
| Mar 31, 2024 | 5.56% |
| Dec 31, 2023 | 5.15% |
| Sep 30, 2023 | 8.04% |
| Jun 30, 2023 | 8.62% |
| Mar 31, 2023 | 7.10% |
| Dec 31, 2022 | 8.71% |
| Sep 30, 2022 | 7.74% |
| Jun 30, 2022 | 9.02% |
| Mar 31, 2022 | 7.44% |
| Dec 31, 2021 | 5.22% |
| Sep 30, 2021 | 7.90% |
API Access
Watsco Net Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-margin&ticker=WSO-B&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "WSO-B", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=WSO-B&period=max&api_key=YOUR_API_KEY");
const data = await res.json();