Watsco (WSO) Net Margin (2009 - 2026)

Watsco (WSO) posted Net Margin of 6.06% for Q1 2026, down 9.26% sequentially from 6.68% in Q4 2025, and down 11.0% YoY from 6.81% in Q1 2025.

Analysis

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

Watsco has reported Net Margin for 18 years, with the latest figure at 6.06% in Q1 2026.

Quarterly Net Margin fell 11.0% year-over-year to 6.06% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 8.35% (up 9.0% YoY) and the FY2025 annual result came in at 6.41%, down 14.0% from the prior year.
Net Margin retreated to 6.06% in Q1 2026 per WSO's latest filing, from 6.68% in the prior quarter.
Over five years, Net Margin peaked at 10.57% in Q2 2022 and troughed at 6.06% in Q1 2026.
A 5-year average of 8.46% and a median of 9.14% in 2022 frame the typical range for Net Margin.
The sharpest annual moves came in 2022 and 2023: Net Margin jumped 361 bps in 2022, then plunged 384 bps in 2023.
Over 5 years, Net Margin stood at 9.94% in 2022, then slumped by 39 bps to 6.1% in 2023, then climbed by 8 bps to 6.57% in 2024, then climbed by 2 bps to 6.68% in 2025, then decreased by 9 bps to 6.06% in 2026.
According to Business Quant data, Net Margin over the past three periods registered 6.06%, 6.68%, and 9.15% for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Set

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Net Margin (Qtr)
1	W.W. Grainger	61.10 Bn	60.51 Bn	1.98 Bn	11.95%
2	Fastenal	55.30 Bn	55.09 Bn	1.06 Bn	16.04%
3	Ferguson Enterprises	43.00 Bn	42.18 Bn	2.32 Bn	5.54%
4	Wesco International	16.35 Bn	15.54 Bn	1.46 Bn	3.14%
5	Watsco	11.81 Bn	11.35 Bn	578.93 Mn	9.09%
6	Applied Industrial Technologies	11.81 Bn	11.68 Bn	411.22 Mn	8.77%
7	Core & Main	8.30 Bn	8.15 Bn	520.00 Mn	5.92%
8	Pool	6.54 Bn	6.51 Bn	540.76 Mn	10.32%
9	Msc Industrial Direct	6.50 Bn	6.43 Bn	430.41 Mn	7.52%
10	Xometry	5.01 Bn	4.50 Bn	87.15 Mn	-2.32%

Historic Data

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