Watsco (WSO) Gross Margin (2009 - 2026)
Watsco (WSO) reported Gross Margin of 27.50% for Q2 2026, down 1.76 percentage points from 29.26% a year earlier and down 0.39 percentage points from the prior quarter.
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Analysis
Watsco (WSO) Gross Margin (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Watsco's Gross Margin came in at 27.51%, down 0.03 percentage points year-over-year; for FY2025, it was 28.05%, up 1.21 percentage points from FY2024.
- Gross Margin has a five-year change of +3.86 percentage points (FY2020 to FY2025).
- By year, Gross Margin came in at 26.84% in FY2024 (-0.51 pp), 27.35% in FY2023 (-0.56 pp), 27.91% in FY2022 (+1.36 pp) and 26.55% in FY2021 (+2.36 pp).
- Five-year quarterly Gross Margin spans a low of 25.85% in Q4 2023 and a high of 29.56% in Q1 2022.
- Year over year, Gross Margin gained in five of the last eight quarters, with an average year-over-year change of +0.37 percentage points.
- The high point for year-over-year Gross Margin in five years was Q1 2022 (a gain of 3.61 percentage points); the low point was Q2 2026 (a drop of 1.76 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 27.89% (Q1 2026), 27.14% (Q4 2025) and 27.52% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | United Rentals | 66.45 Bn | 65.21 Bn | 1.73 Bn | 39.27% |
| 2 | W.W. Grainger | 62.58 Bn | 60.18 Bn | 1.98 Bn | 39.51% |
| 3 | Fastenal | 59.02 Bn | 57.94 Bn | 1.06 Bn | 44.56% |
| 4 | Ferguson Enterprises | 43.33 Bn | 40.54 Bn | 2.32 Bn | 31.02% |
| 5 | Sunbelt Rentals Holdings | 31.82 Bn | 31.70 Bn | 1.25 Bn | 40.10% |
| 6 | Reliance | 20.64 Bn | 19.68 Bn | 1.30 Bn | 28.09% |
| 7 | Wesco International | 17.76 Bn | 15.08 Bn | 1.46 Bn | 21.85% |
| 8 | Applied Industrial Technologies | 12.45 Bn | 12.32 Bn | 411.22 Mn | 30.40% |
| 9 | Watsco | 11.13 Bn | 8.82 Bn | 578.93 Mn | 27.50% |
| 10 | Avantor | 10.53 Bn | 9.33 Bn | 537.00 Mn | 31.73% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 27.50% |
| Mar 31, 2026 | 27.89% |
| Dec 31, 2025 | 27.14% |
| Sep 30, 2025 | 27.52% |
| Jun 30, 2025 | 29.26% |
| Mar 31, 2025 | 28.06% |
| Dec 31, 2024 | 26.69% |
| Sep 30, 2024 | 26.21% |
| Jun 30, 2024 | 27.10% |
| Mar 31, 2024 | 27.52% |
| Dec 31, 2023 | 25.85% |
| Sep 30, 2023 | 26.66% |
| Jun 30, 2023 | 28.09% |
| Mar 31, 2023 | 28.90% |
| Dec 31, 2022 | 27.42% |
| Sep 30, 2022 | 27.06% |
| Jun 30, 2022 | 27.91% |
| Mar 31, 2022 | 29.56% |
| Dec 31, 2021 | 27.26% |
| Sep 30, 2021 | 27.08% |
API Access
Watsco Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=WSO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "WSO", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=WSO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();