Watsco (WSO) EBITDA Margin (2010 - 2026)
Watsco (WSO) recorded EBITDA Margin of 11.84% in Q2 2026, down 1.87 percentage points from 13.71% a year earlier but up 3.94 percentage points from the prior quarter.
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Analysis
Watsco (WSO) EBITDA Margin (2010 - 2026) Analysis & Trends
On a TTM basis, Watsco's EBITDA Margin came in at 10.01% as of Jun 30, 2026, down 0.82 percentage points year-over-year; for FY2025, it came in at 10.55%, down 0.24 percentage points from FY2024.
- Annual EBITDA Margin has declined for three straight years, though with a five-year change of +2.11 percentage points (FY2020 to FY2025).
- Across earlier years, EBITDA Margin came in at 10.80% in FY2024 (-0.60 pp), 11.39% in FY2023 (-0.47 pp), 11.87% in FY2022 (+1.41 pp) and 10.46% in FY2021 (+2.01 pp).
- Quarterly EBITDA Margin has ranged from 7.13% in Q4 2025 to 13.82% in Q2 2022 over the past five years.
- On a year-over-year basis, EBITDA Margin has declined for four consecutive quarters, with an average year-over-year change of -0.35 percentage points over the last eight quarters.
- Peak year-over-year performance for EBITDA Margin in the last five years was a gain of 3.91 percentage points in Q1 2022, against a drop of 2.43 percentage points in Q1 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at 7.91% (Q1 2026), 7.13% (Q4 2025) and 11.89% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | W.W. Grainger | 59.11 Bn | 57.09 Bn | 1.98 Bn | 17.39% |
| 2 | Fastenal | 57.94 Bn | 56.86 Bn | 1.06 Bn | 22.93% |
| 3 | Ferguson Enterprises | 44.13 Bn | 41.35 Bn | 2.32 Bn | 9.49% |
| 4 | Sunbelt Rentals Holdings | 30.69 Bn | 30.57 Bn | 1.25 Bn | 40.96% |
| 5 | Reliance | 20.00 Bn | 19.04 Bn | 1.30 Bn | 11.04% |
| 6 | Wesco International | 17.78 Bn | 15.09 Bn | 1.46 Bn | 6.68% |
| 7 | Applied Industrial Technologies | 12.42 Bn | 12.29 Bn | 411.22 Mn | 12.98% |
| 8 | Watsco | 11.14 Bn | 9.30 Bn | 578.93 Mn | 11.84% |
| 9 | Avantor | 10.34 Bn | 9.14 Bn | 537.00 Mn | 13.44% |
| 10 | Core & Main | 7.82 Bn | 7.12 Bn | 573.00 Mn | 12.91% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 11.84% |
| Mar 31, 2026 | 7.91% |
| Dec 31, 2025 | 7.13% |
| Sep 30, 2025 | 11.89% |
| Jun 30, 2025 | 13.71% |
| Mar 31, 2025 | 8.03% |
| Dec 31, 2024 | 8.36% |
| Sep 30, 2024 | 12.07% |
| Jun 30, 2024 | 13.03% |
| Mar 31, 2024 | 8.72% |
| Dec 31, 2023 | 7.32% |
| Sep 30, 2023 | 12.48% |
| Jun 30, 2023 | 13.69% |
| Mar 31, 2023 | 11.15% |
| Dec 31, 2022 | 9.20% |
| Sep 30, 2022 | 12.00% |
| Jun 30, 2022 | 13.82% |
| Mar 31, 2022 | 11.73% |
| Dec 31, 2021 | 8.62% |
| Sep 30, 2021 | 11.99% |
API Access
Watsco EBITDA 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=ebitda-margin&ticker=WSO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-margin", "ticker": "WSO", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebitda-margin&ticker=WSO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();