Watsco (WSO) Return on Capital Employed (2010 - 2026)
Watsco's (WSO) quarterly Return on Capital Employed came in at 20.06% in Q1 2026, down 160.0% year-on-year from 33.44% in Q1 2025, and up 4.92% quarter-over-quarter from 19.12% in Q4 2025.
Watsco (WSO) Return on Capital Employed (2010 - 2026) Analysis & Trends
Watsco has disclosed Return on Capital Employed across 17 years of filings, most recently posting 20.06% for Q1 2026.
- Return on Capital Employed for Q1 2026 came in at 20.06%, down 160.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 20.06% (down 160.0% YoY), and the FY2025 annual result was 19.32%, down 574.0% from the prior year.
- Return on Capital Employed came in at 20.06% for Q1 2026 at Watsco, up from 19.12% in the prior quarter.
- In the past five years, Return on Capital Employed ranged from a high of 31.62% in Q4 2022 to a low of 19.12% in Q4 2025.
- The 5-year median for Return on Capital Employed is 25.06% (2023), against an average of 24.89%.
- Across the five-year window, Return on Capital Employed jumped 702 bps in 2022 and tumbled 656 bps in 2023, its largest moves.
- Watsco's Return on Capital Employed stood at 31.62% in 2022, then fell by 21 bps to 25.06% in 2023, then declined by 11 bps to 22.24% in 2024, then dropped by 14 bps to 19.12% in 2025, then gained by 5 bps to 20.06% in 2026.
- The last three Return on Capital Employed figures came in at 20.06% (Q1 2026), 19.12% (Q4 2025), and 19.71% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | W.W. Grainger | 63.64 Bn | 63.46 Bn | 1.75 Bn | 35.82% |
| 2 | Fastenal | 53.18 Bn | 52.87 Bn | 982.90 Mn | 39.69% |
| 3 | Ferguson Enterprises | 45.51 Bn | 44.69 Bn | 2.32 Bn | 23.37% |
| 4 | Wesco International | 17.33 Bn | 16.62 Bn | 1.29 Bn | 10.68% |
| 5 | Watsco | 14.65 Bn | 14.51 Bn | 427.56 Mn | 20.06% |
| 6 | Qxo | 12.24 Bn | 9.19 Bn | 409.30 Mn | -3.19% |
| 7 | Applied Industrial Technologies | 11.99 Bn | 11.82 Bn | 380.80 Mn | 20.70% |
| 8 | Core & Main | 9.98 Bn | 9.84 Bn | 428.00 Mn | 13.58% |
| 9 | Pool | 7.00 Bn | 6.92 Bn | 329.87 Mn | 22.86% |
| 10 | Msc Industrial Direct | 6.54 Bn | 6.49 Bn | 377.59 Mn | 17.50% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 20.06% |
| Dec 31, 2025 | 19.12% |
| Sep 30, 2025 | 19.71% |
| Jun 30, 2025 | 21.88% |
| Mar 31, 2025 | 21.67% |
| Dec 31, 2024 | 22.24% |
| Sep 30, 2024 | 21.38% |
| Jun 30, 2024 | 22.14% |
| Mar 31, 2024 | 25.08% |
| Dec 31, 2023 | 25.06% |
| Sep 30, 2023 | 25.89% |
| Jun 30, 2023 | 26.83% |
| Mar 31, 2023 | 30.66% |
| Dec 31, 2022 | 31.62% |
| Sep 30, 2022 | 29.76% |
| Jun 30, 2022 | 30.66% |
| Mar 31, 2022 | 29.38% |
| Dec 31, 2021 | 26.61% |
| Sep 30, 2021 | 24.85% |
| Jun 30, 2021 | 25.05% |