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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) Net Margin (2016 - 2026)

Watsco's Net Margin history spans 17 years, with the latest figure at 4.25% for Q4 2025.

  • On a quarterly basis, Net Margin fell 89.0% to 4.25% in Q4 2025 year-over-year; TTM through Dec 2025 was 7.31%, a 15.0% decrease, with the full-year FY2025 number at 6.41%, down 14.0% from a year prior.
  • Net Margin hit 4.25% in Q4 2025 for Watsco, down from 7.3% in the prior quarter.
  • Over the last five years, Net Margin for WSO hit a ceiling of 10.57% in Q2 2022 and a floor of 4.25% in Q4 2025.
  • Historically, Net Margin has averaged 8.02% across 5 years, with a median of 8.63% in 2023.
  • Biggest five-year swings in Net Margin: skyrocketed 361bps in 2022 and later crashed -429bps in 2023.
  • Tracing WSO's Net Margin over 5 years: stood at 6.33% in 2021, then skyrocketed by 57bps to 9.94% in 2022, then tumbled by -43bps to 5.65% in 2023, then decreased by -9bps to 5.14% in 2024, then dropped by -17bps to 4.25% in 2025.
  • Business Quant data shows Net Margin for WSO at 4.25% in Q4 2025, 7.3% in Q3 2025, and 10.51% in Q2 2025.