What are Watsco's profit margins?

Watsco (WSO) runs a 28.0% gross margin and a 9.9% operating margin, with a 6.8% net margin.

Where do Watsco's ratios come from?

Every ratio is computed from Watsco's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Watsco WSO Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Profitability
Gross margin	28%+1.1pp	28%+1.2pp	27.9%+1.3pp	27.5%+0.7pp	26.9%-0.1pp
Operating margin	9.9%-0.2pp	10%-0.3pp	10.2%+0.1pp	10.3%0.0pp	10.1%-0.2pp
Net margin	6.8%-0.1pp	6.9%-0.2pp	7%+0.1pp	7.1%+0.1pp	7%-0.1pp
Returns
Return on equity	18.3%-2.1pp	18.3%-3.7pp	18.9%-2.3pp	19.8%-2.7pp	20.4%-2.6pp
Return on invested capital	20.5%-2.1pp	18.1%-3.1pp	20.7%-1.8pp	21.3%-1.4pp	22.6%-1.7pp
Efficiency
Asset turnover	1.6×-0.1×	1.6×-0.2×	1.6×-0.1×	1.6×-0.1×	1.7×-0.1×
Liquidity
Current ratio	3.3×+0.1×	4.1×+1.0×	3.8×+0.5×	3.1×-0.1×	3.3×+0.4×
Leverage
Debt-to-equity	0.2×0.0×	0.3×0.0×	0.2×0.0×	0.2×0.0×	0.2×0.0×
Net debt / EBITDA	0.1×+0.1×	0.7×+0.2×	0.2×0.0×	0.2×0.0×	0.1×-0.1×
Valuation
Market capitalization	$14.77B-28.1%	$13.67B-28.6%	$16.39B-11.2%	$17.47B+2.3%	$20.54B+28.9%
Price / earnings	29.8×-9.0×	27.5×-8.2×	31.4×-3.9×	32.9×+0.1×	38.8×+7.8×
Price / sales	2×-0.7×	1.9×-0.6×	2.2×-0.3×	2.3×0.0×	2.7×+0.5×
Price / book	5.3×-2.4×	4.9×-2.3×	5.8×-1.0×	6.3×-0.2×	7.7×+1.4×
EV / EBITDA	19.5×-5.9×	18.6×-5.1×	20.7×-2.7×	21.7×0.0×	25.4×+5.2×
Dividend yield	3.3%+1.2pp	3.5%+1.3pp	2.8%+0.6pp	2.6%+0.2pp	2.1%-0.3pp

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Questions, answered.

What are Watsco's profit margins?: Watsco (WSO) runs a 28.0% gross margin and a 9.9% operating margin, with a 6.8% net margin.
Where do Watsco's ratios come from?: Every ratio is computed from Watsco's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.