Watsco (WSO) Return on Capital Employed [ROCE] (2010 - 2026)
Watsco's Return on Capital Employed [ROCE] came in at 18.08% for Q2 2026, down 3.80 percentage points from 21.88% a year earlier and down 1.98 percentage points from the prior quarter.
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Analysis
Watsco (WSO) Return on Capital Employed [ROCE] (2010 - 2026) Analysis & Trends
For FY2025, Watsco's Return on Capital Employed [ROCE] was 19.32%, down 5.74 percentage points from FY2024.
- Return on Capital Employed [ROCE] has declined in each of the last three years, with a five-year change of -0.41 percentage points (FY2020 to FY2025).
- Going back by year, Return on Capital Employed [ROCE] was 25.05% in FY2024 (-2.39 pp), 27.44% in FY2023 (-7.49 pp), 34.93% in FY2022 (+4.40 pp) and 30.54% in FY2021 (+10.81 pp).
- The Q2 2026 figure represents the lowest quarterly Return on Capital Employed [ROCE] since Q2 2020.
- Year-over-year, Return on Capital Employed [ROCE] has declined for 13 consecutive quarters, with an average year-over-year change of -2.65 percentage points over the last eight quarters.
- The fastest year-over-year change in Return on Capital Employed [ROCE] over five years came in Q4 2021 (a gain of 7.32 percentage points), and the weakest in Q4 2023 (a drop of 6.56 percentage points).
- Business Quant data shows WSO's Return on Capital Employed [ROCE] at 20.06% (Q1 2026), 19.12% (Q4 2025) and 19.71% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | W.W. Grainger | 67.67 Bn | 65.03 Bn | 2.01 Bn | 40.84% |
| 2 | United Rentals | 65.48 Bn | 64.60 Bn | 2.05 Bn | 16.52% |
| 3 | Fastenal | 60.80 Bn | 59.80 Bn | 1.10 Bn | 42.19% |
| 4 | Ferguson Enterprises | 45.51 Bn | 42.73 Bn | 2.32 Bn | 23.37% |
| 5 | Sunbelt Rentals Holdings | 31.50 Bn | 31.38 Bn | 1.25 Bn | 12.18% |
| 6 | Reliance | 21.26 Bn | 20.31 Bn | 1.45 Bn | 15.15% |
| 7 | Wesco International | 14.25 Bn | 11.29 Bn | 1.57 Bn | 11.57% |
| 8 | Watsco | 11.59 Bn | 9.28 Bn | 578.93 Mn | 18.08% |
| 9 | Avantor | 10.49 Bn | 9.07 Bn | 534.80 Mn | 4.76% |
| 10 | Applied Industrial Technologies | 10.39 Bn | 10.28 Bn | 392.21 Mn | 22.94% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 18.08% |
| 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% |
API Access
Watsco Return on Capital Employed [ROCE] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-capital-employed-%5Broce%5D&ticker=WSO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "ticker": "WSO", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-capital-employed-%5Broce%5D&ticker=WSO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();