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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginFCF Payout RatioGross MarginInventory AverageInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on Sales

Watsco (WSO) Gross Margin (2016 - 2025)

Watsco's Gross Margin history spans 17 years, with the latest figure at 27.14% for Q4 2025.

  • For Q4 2025, Gross Margin rose 45.0% year-over-year to 27.14%; the TTM value through Dec 2025 reached 28.05%, up 121.0%, while the annual FY2025 figure was 28.05%, 121.0% up from the prior year.
  • Gross Margin for Q4 2025 was 27.14% at Watsco, down from 27.52% in the prior quarter.
  • Across five years, Gross Margin topped out at 29.56% in Q1 2022 and bottomed at 25.84% in Q2 2021.
  • The 5-year median for Gross Margin is 27.2% (2021), against an average of 27.35%.
  • The largest annual shift saw Gross Margin soared 361bps in 2022 before it plummeted -157bps in 2023.
  • A 5-year view of Gross Margin shows it stood at 27.26% in 2021, then increased by 1bps to 27.42% in 2022, then fell by -6bps to 25.85% in 2023, then rose by 3bps to 26.69% in 2024, then rose by 2bps to 27.14% in 2025.
  • Per Business Quant, the three most recent readings for WSO's Gross Margin are 27.14% (Q4 2025), 27.52% (Q3 2025), and 29.26% (Q2 2025).