Watsco (WSO) Gross Margin (2009 - 2026)

Watsco (WSO) posted Gross Margin of 27.89% for Q1 2026, up 2.77% sequentially from 27.14% in Q4 2025, and down 17.0% YoY from 33.6% in Q1 2025.

Watsco (WSO) Gross Margin (2009 - 2026) Analysis & Trends

Watsco has reported Gross Margin for 18 years, with the latest figure at 27.89% in Q1 2026.

Quarterly Gross Margin fell 17.0% year-over-year to 27.89% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 28.01% (up 107.0% YoY) and the FY2025 annual result came in at 28.05%, up 121.0% from the prior year.
Gross Margin advanced to 27.89% in Q1 2026 per WSO's latest filing, from 27.14% in the prior quarter.
Over five years, Gross Margin peaked at 29.56% in Q1 2022 and troughed at 25.85% in Q4 2023.
A 5-year average of 27.58% and a median of 27.52% in 2024 frame the typical range for Gross Margin.
The sharpest annual moves came in 2022 and 2023: Gross Margin jumped 361 bps in 2022, then sank 157 bps in 2023.
Over 5 years, Gross Margin stood at 27.42% in 2022, then retreated by 6 bps to 25.85% in 2023, then grew by 3 bps to 26.69% in 2024, then grew by 2 bps to 27.14% in 2025, then rose by 3 bps to 27.89% in 2026.
According to Business Quant data, Gross Margin over the past three periods registered 27.89%, 27.14%, and 27.52% for Q1 2026, Q4 2025, and Q3 2025 respectively.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Gross Margin (Qtr)
1	W.W. Grainger	62.04 Bn	61.46 Bn	1.98 Bn	39.51%
2	Fastenal	59.03 Bn	58.83 Bn	1.06 Bn	44.56%
3	Ferguson Enterprises	47.99 Bn	47.17 Bn	2.32 Bn	31.02%
4	Wesco International	17.78 Bn	16.97 Bn	1.46 Bn	21.85%
5	Applied Industrial Technologies	13.25 Bn	13.08 Bn	380.80 Mn	30.43%
6	Watsco	11.97 Bn	11.50 Bn	578.93 Mn	27.50%
7	Core & Main	8.70 Bn	8.55 Bn	520.00 Mn	27.23%
8	Pool	7.21 Bn	7.18 Bn	540.76 Mn	29.66%
9	Msc Industrial Direct	6.76 Bn	6.69 Bn	430.41 Mn	41.11%
10	Xometry	5.15 Bn	4.63 Bn	87.15 Mn	38.01%

Download Data