Watsco (WSO) EBITDA Margin (2009 - 2026)
Watsco's (WSO) quarterly EBITDA Margin came in at 7.19% in Q1 2026, down 14.0% year-on-year from 8.36% in Q1 2025, and up 11.76% quarter-over-quarter from 6.43% in Q4 2025.
Watsco (WSO) EBITDA Margin (2009 - 2026) Analysis & Trends
Watsco has disclosed EBITDA Margin across 18 years of filings, most recently posting 7.19% for Q1 2026.
- EBITDA Margin for Q1 2026 came in at 7.19%, down 14.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 9.92% (down 20.0% YoY), and the FY2025 annual result was 9.95%, down 31.0% from the prior year.
- EBITDA Margin came in at 7.19% for Q1 2026 at Watsco, up from 6.43% in the prior quarter.
- In the past five years, EBITDA Margin ranged from a high of 13.46% in Q2 2022 to a low of 6.43% in Q4 2025.
- The 5-year median for EBITDA Margin is 11.23% (2022), against an average of 10.18%.
- Across the five-year window, EBITDA Margin jumped 402 bps in 2022 and sank 254 bps in 2024, its largest moves.
- Watsco's EBITDA Margin stood at 8.68% in 2022, then declined by 23 bps to 6.72% in 2023, then increased by 16 bps to 7.76% in 2024, then decreased by 17 bps to 6.43% in 2025, then increased by 12 bps to 7.19% in 2026.
- The last three EBITDA Margin figures came in at 7.19% (Q1 2026), 6.43% (Q4 2025), and 11.36% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | W.W. Grainger | 63.64 Bn | 63.46 Bn | 1.75 Bn | 14.33% |
| 2 | Fastenal | 53.18 Bn | 52.87 Bn | 982.90 Mn | 20.33% |
| 3 | Ferguson Enterprises | 45.51 Bn | 44.69 Bn | 2.32 Bn | 8.19% |
| 4 | Wesco International | 17.33 Bn | 16.62 Bn | 1.29 Bn | 2.09% |
| 5 | Watsco | 14.65 Bn | 14.51 Bn | 427.56 Mn | 7.19% |
| 6 | Qxo | 12.24 Bn | 9.19 Bn | 409.30 Mn | -11.83% |
| 7 | Applied Industrial Technologies | 11.99 Bn | 11.82 Bn | 380.80 Mn | 11.02% |
| 8 | Core & Main | 9.98 Bn | 9.84 Bn | 428.00 Mn | 8.03% |
| 9 | Pool | 7.00 Bn | 6.92 Bn | 329.87 Mn | 7.26% |
| 10 | Msc Industrial Direct | 6.54 Bn | 6.49 Bn | 377.59 Mn | 7.06% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 7.19% |
| Dec 31, 2025 | 6.43% |
| Sep 30, 2025 | 11.36% |
| Jun 30, 2025 | 13.18% |
| Mar 31, 2025 | 7.33% |
| Dec 31, 2024 | 7.76% |
| Sep 30, 2024 | 11.59% |
| Jun 30, 2024 | 12.56% |
| Mar 31, 2024 | 8.09% |
| Dec 31, 2023 | 6.72% |
| Sep 30, 2023 | 12.07% |
| Jun 30, 2023 | 13.26% |
| Mar 31, 2023 | 10.62% |
| Dec 31, 2022 | 8.68% |
| Sep 30, 2022 | 11.60% |
| Jun 30, 2022 | 13.46% |
| Mar 31, 2022 | 11.23% |
| Dec 31, 2021 | 8.14% |
| Sep 30, 2021 | 11.60% |
| Jun 30, 2021 | 11.72% |