Watsco (WSO) Return on Invested Capital [ROIC] (2009 - 2026)
Watsco (WSO) posted Return on Invested Capital [ROIC] of 14.94% for Q2 2026, down 1.98 percentage points from 16.93% a year earlier and down 0.50 percentage points from the prior quarter.
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Analysis
Watsco (WSO) Return on Invested Capital [ROIC] (2009 - 2026) Analysis & Trends
For FY2025, Watsco's Return on Invested Capital [ROIC] came in at 15.91%, down 3.05 percentage points from FY2024.
- Annual Return on Invested Capital [ROIC] has declined for three consecutive years, though with a five-year change of +0.07 percentage points (FY2020 to FY2025).
- In prior years, Watsco's Return on Invested Capital [ROIC] was 18.96% in FY2024 (-3.59 pp), 22.55% in FY2023 (-5.64 pp), 28.19% in FY2022 (+5.29 pp) and 22.90% in FY2021 (+7.05 pp).
- The Q2 2026 figure stands as the lowest quarterly Return on Invested Capital [ROIC] since Q2 2020.
- On a year-over-year basis, Return on Invested Capital [ROIC] has declined in each of the last 13 quarters, with an average year-over-year change of -2.26 percentage points over the last eight quarters.
- The strongest year-over-year quarter for Return on Invested Capital [ROIC] in the past five years was Q1 2022, with a gain of 5.24 percentage points; the weakest was Q1 2024, with a drop of 6.38 percentage points.
- According to Business Quant data, Return on Invested Capital [ROIC] for the three prior quarters was 15.44% (Q1 2026), 15.38% (Q4 2025) and 16.17% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | W.W. Grainger | 69.71 Bn | 67.47 Bn | 2.01 Bn | 32.31% |
| 2 | United Rentals | 69.67 Bn | 68.79 Bn | 2.05 Bn | 14.00% |
| 3 | Fastenal | 63.32 Bn | 62.32 Bn | 1.10 Bn | 33.58% |
| 4 | Ferguson Enterprises | 49.80 Bn | 47.02 Bn | 2.32 Bn | 21.66% |
| 5 | Sunbelt Rentals Holdings | 33.71 Bn | 33.59 Bn | 1.25 Bn | 11.76% |
| 6 | Reliance | 21.79 Bn | 20.85 Bn | 1.45 Bn | 12.54% |
| 7 | Wesco International | 15.66 Bn | 12.70 Bn | 1.57 Bn | 9.77% |
| 8 | Qxo | 13.09 Bn | 4.38 Bn | 1.38 Bn | -1.42% |
| 9 | Watsco | 11.10 Bn | 9.17 Bn | 586.29 Mn | 13.27% |
| 10 | Applied Industrial Technologies | 10.86 Bn | 10.75 Bn | 392.21 Mn | 20.03% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 13.27% |
| Jun 30, 2026 | 14.14% |
| Mar 31, 2026 | 15.44% |
| Dec 31, 2025 | 15.38% |
| Sep 30, 2025 | 16.17% |
| Jun 30, 2025 | 16.93% |
| Mar 31, 2025 | 17.20% |
| Dec 31, 2024 | 17.44% |
| Sep 30, 2024 | 17.20% |
| Jun 30, 2024 | 18.02% |
| Mar 31, 2024 | 19.17% |
| Dec 31, 2023 | 20.66% |
| Sep 30, 2023 | 22.17% |
| Jun 30, 2023 | 22.78% |
| Mar 31, 2023 | 25.55% |
| Dec 31, 2022 | 26.67% |
| Sep 30, 2022 | 23.91% |
| Jun 30, 2022 | 23.14% |
| Mar 31, 2022 | 22.69% |
| Dec 31, 2021 | 21.43% |
API Access
Watsco Return on Invested Capital [ROIC] 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-invested-capital-%5Broic%5D&ticker=WSO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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-invested-capital-%5Broic%5D&ticker=WSO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();