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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 - 2025)

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

  • For Q4 2025, Net Margin fell 232.0% year-over-year to 4.25%; the TTM value through Dec 2025 reached 7.84%, up 5.0%, while the annual FY2025 figure was 6.41%, 14.0% down from the prior year.
  • Net Margin for Q4 2025 was 4.25% at Watsco, down from 9.15% in the prior quarter.
  • Across five years, Net Margin topped out at 10.57% in Q2 2022 and bottomed at 4.25% in Q4 2025.
  • The 5-year median for Net Margin is 9.0% (2022), against an average of 8.21%.
  • The largest annual shift saw Net Margin soared 361bps in 2022 before it tumbled -384bps in 2023.
  • A 5-year view of Net Margin shows it stood at 6.33% in 2021, then skyrocketed by 57bps to 9.94% in 2022, then tumbled by -39bps to 6.1% in 2023, then increased by 8bps to 6.57% in 2024, then tumbled by -35bps to 4.25% in 2025.
  • Per Business Quant, the three most recent readings for WSO's Net Margin are 4.25% (Q4 2025), 9.15% (Q3 2025), and 10.51% (Q2 2025).