Watsco (WSO) Gross Margin (2009 - 2026)

Watsco has disclosed Gross Margin across 18 years of filings, most recently posting 27.89% for Q1 2026.

• Gross Margin for Q1 2026 came in at 27.89%, down 17.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 28.01% (up 107.0% YoY), and the FY2025 annual result was 28.05%, up 121.0% from the prior year.
• Gross Margin came in at 27.89% for Q1 2026 at Watsco, up from 27.14% in the prior quarter.
• In the past five years, Gross Margin ranged from a high of 29.56% in Q1 2022 to a low of 25.85% in Q4 2023.
• The 5-year median for Gross Margin is 27.52% (2024), against an average of 27.58%.
• Across the five-year window, Gross Margin surged 361 bps in 2022 and sank 157 bps in 2023, its largest moves.
• Watsco's Gross Margin stood at 27.42% in 2022, then declined by 6 bps to 25.85% in 2023, then advanced by 3 bps to 26.69% in 2024, then advanced by 2 bps to 27.14% in 2025, then grew by 3 bps to 27.89% in 2026.
• The last three Gross Margin figures came in at 27.89% (Q1 2026), 27.14% (Q4 2025), and 27.52% (Q3 2025), per Business Quant data.