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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 - 2026)

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

  • On a quarterly basis, Gross Margin rose 45.0% to 27.14% in Q4 2025 year-over-year; TTM through Dec 2025 was 28.05%, a 121.0% increase, with the full-year FY2025 number at 28.05%, up 121.0% from a year prior.
  • Gross Margin hit 27.14% in Q4 2025 for Watsco, down from 27.52% in the prior quarter.
  • Over the last five years, Gross Margin for WSO hit a ceiling of 29.56% in Q1 2022 and a floor of 25.84% in Q2 2021.
  • Historically, Gross Margin has averaged 27.35% across 5 years, with a median of 27.2% in 2021.
  • Biggest five-year swings in Gross Margin: skyrocketed 361bps in 2022 and later tumbled -157bps in 2023.
  • Tracing WSO's Gross Margin over 5 years: 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.
  • Business Quant data shows Gross Margin for WSO at 27.14% in Q4 2025, 27.52% in Q3 2025, and 29.26% in Q2 2025.