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

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Profitability
Gross margin	111.5%+1.1pp	110.5%+1.2pp	109.2%+1.3pp	108%+0.7pp	107.2%-0.1pp
Operating margin	40.3%-0.2pp	40.5%-0.3pp	40.8%+0.1pp	40.7%0.0pp	40.7%-0.2pp
Net margin	27.8%-0.1pp	28%-0.2pp	28.1%+0.1pp	28.1%+0.1pp	28%-0.1pp
Returns
Return on equity	75.3%-2.1pp	77.4%-3.7pp	81.1%-2.3pp	83.4%-2.7pp	86%-2.6pp
Return on invested capital	80.6%-2.1pp	82.7%-3.1pp	85.8%-1.8pp	87.5%-1.4pp	88.9%-1.7pp
Efficiency
Asset turnover	6.5×-0.1×	6.6×-0.2×	6.9×-0.1×	7×-0.1×	7.1×-0.1×
Liquidity
Current ratio	14.4×+0.1×	14.3×+1.0×	13.3×+0.5×	12.9×-0.1×	13×+0.4×
Leverage
Debt-to-equity	0.9×0.0×	0.9×0.0×	0.9×0.0×	0.8×0.0×	0.8×0.0×
Net debt / EBITDA	1.2×+0.1×	1.1×+0.2×	0.9×0.0×	0.9×0.0×	0.9×-0.1×
Valuation
Market capitalization	$62.3B-8.5%	$68.07B-7.4%	$73.54B-2.7%	$75.6B+0.5%	$75.21B+6.5%
Price / earnings	121.5×-9.0×	130.6×-8.2×	138.7×-3.9×	142.7×+0.1×	142.6×+7.8×
Price / sales	8.5×-0.7×	9.1×-0.6×	9.8×-0.3×	10×0.0×	10×+0.5×
Price / book	22.4×-2.4×	24.8×-2.3×	27.1×-1.0×	28.1×-0.2×	28.3×+1.4×
EV / EBITDA	80.5×-5.9×	86.4×-5.1×	91.6×-2.7×	94.3×0.0×	94.2×+5.2×
Dividend yield	12.1%+1.2pp	11%+1.3pp	9.7%+0.6pp	9.1%+0.2pp	8.9%-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.