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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) Operating Margin (2016 - 2025)

Watsco (WSO) has disclosed Operating Margin for 17 consecutive years, with 6.43% as the latest value for Q4 2025.

  • Quarterly Operating Margin fell 133.0% to 6.43% in Q4 2025 from the year-ago period, while the trailing twelve-month figure was 9.95% through Dec 2025, down 31.0% year-over-year, with the annual reading at 9.95% for FY2025, 31.0% down from the prior year.
  • Operating Margin hit 6.43% in Q4 2025 for Watsco, down from 11.36% in the prior quarter.
  • In the past five years, Operating Margin ranged from a high of 13.46% in Q2 2022 to a low of 6.43% in Q4 2025.
  • Historically, Operating Margin has averaged 10.23% across 5 years, with a median of 11.29% in 2022.
  • Biggest five-year swings in Operating Margin: soared 402bps in 2022 and later tumbled -254bps in 2024.
  • Year by year, Operating Margin stood at 8.14% in 2021, then increased by 7bps to 8.68% in 2022, then dropped by -23bps to 6.72% in 2023, then grew by 16bps to 7.76% in 2024, then dropped by -17bps to 6.43% in 2025.
  • Business Quant data shows Operating Margin for WSO at 6.43% in Q4 2025, 11.36% in Q3 2025, and 13.18% in Q2 2025.