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Watsco WSO Net margin

Net margin at other companies

Lennox International logo
Lennox InternationalLII
14.9%-0.6pp
Trane Technologies logo
Trane TechnologiesTT
13.3%-0.5pp
Ferguson Enterprises logo
Ferguson EnterprisesFERG
6.2%+0.4pp
SPX Technologies logo
SPX TechnologiesSPXC
10.8%+0.6pp
Aaon logo
AaonAAON
7.3%-5.3pp
Carrier Global logo
Carrier GlobalCARR
5.5%-12.3pp

Other financials

Income statement

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Revenue$2.1B+2.1%
Gross profit$578.9M-4.1%
Operating income$238.4M-12.3%
Net income$163.3M-11.0%
EPS (diluted)$4.00-11.5%

Balance sheet

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Cash & equivalents$364.2M+24.3%
Total debt$496.3M+4.8%
Total equity$3.5B+25.8%
Total assets$5.1B+7.5%

Cash flow

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Operating cash flow-$2.5M+66.0%
CapEx$8.9M+30.7%
Free cash flow-$11.5M+19.7%

Valuation

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Market cap$13.8B-19.0%
P/E29×-3.0×
P/S1.9×-0.4×

Profitability

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Gross margin27.5%0.0pp
Operating margin9.4%-0.9pp
FCF margin9.6%+4.3pp

Returns & leverage

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Return on equity15.3%-4.5pp
Debt / equity0.2×0.0×
Current ratio3.2×+0.1×

Where this comes from

Calculated from Watsco’s reported figures.

Based on trailing twelve months.

The source filing: Watsco’s 8-K, filed July 29, 2026. Open the filing →

Filed
Jul 29, 2026, 7:30 AM EDT
Accession
0001193125-26-322168

FAQ

What is Watsco's net margin?
Watsco (WSO) reported net margin of 6.5% in Q2 2026.
How has Watsco's net margin changed year-over-year?
Watsco's net margin decreased by 7.7% year-over-year, from 7.1% to 6.5%.
What is the long-term trend for Watsco's net margin?
Over 5 years (2020 to 2025), Watsco's net margin has grown at a 5.2% compound annual growth rate (CAGR), from 5.3% to 6.9%.
What does net margin mean?
Net income as a percentage of revenue (trailing twelve months). The bottom-line profitability measure after all costs, interest, and taxes.

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