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

Simplified Detailed

	FY'25	FY'24	FY'23	FY'22
Profitability
Gross margin	110.5%+3.1pp	107.3%-3.3pp	110.6%-0.4pp	111.1%+8.9pp
Operating margin	40.5%-0.4pp	40.9%-3.8pp	44.8%-0.1pp	44.9%+7.5pp
Net margin	28%-0.1pp	28.1%-3.7pp	31.8%+1.3pp	30.5%+5.4pp
EBITDA margin	42.8%-0.2pp	43%-3.6pp	46.6%0.0pp	46.6%+7.3pp
Free cash flow margin	25.7%-12.7pp	38.4%+11.7pp	26.7%+6.1pp	20.6%-6.7pp
Returns
Return on equity	77.4%-11.3pp	88.7%-28.6pp	117.3%-7.6pp	124.9%+30.0pp
Return on assets	46.4%-3.8pp	50.1%-11.3pp	61.5%-3.7pp	65.2%+13.4pp
Return on invested capital	82.7%-8.0pp	90.7%-38.8pp	129.5%+0.7pp	128.9%+30.9pp
Efficiency
Asset turnover	6.6×-0.5×	7.1×-0.6×	7.7×-0.8×	8.5×+0.3×
Inventory turnover	13.4×-0.7×	14.2×-0.1×	14.2×-2.3×	16.5×-1.4×
Liquidity
Current ratio	14.3×+1.7×	12.6×+0.4×	12.2×+1.8×	10.3×0.0×
Quick ratio	6.7×+0.4×	6.2×+1.1×	5.1×+0.8×	4.3×-0.4×
Cash ratio	1.7×+0.4×	1.4×+0.5×	0.8×+0.3×	0.6×0.0×
Leverage
Debt-to-equity	0.9×0.0×	0.8×-0.4×	1.2×+0.1×	1.2×+0.2×
Debt-to-assets	0.5×0.0×	0.5×-0.2×	0.7×+0.1×	0.6×+0.1×
Net debt / EBITDA	1.1×+0.1×	1.1×-1.1×	2.2×+0.2×	2×0.0×
Valuation
Market capitalization	$68.07B-3.6%	$70.6B+24.0%	$56.92B+39.4%	$40.85B-6.3%
Enterprise value	$68.95B-3.5%	$71.47B+21.6%	$58.79B+38.5%	$42.45B-5.2%
Price / earnings	130.6×-4.2×	134.8×+35.3×	99.5×+22.4×	77.1×-44.4×
Price / sales	9.1×-0.3×	9.5×+1.6×	7.8×+2.0×	5.8×-1.7×
Price / book	24.8×-2.1×	26.9×-0.1×	27×+4.7×	22.3×-5.0×
EV / EBITDA	86.4×-2.7×	89.1×+19.4×	69.6×+17.4×	52.2×-27.1×
EV / sales	9.3×-0.3×	9.6×+1.5×	8.1×+2.0×	6.1×-1.7×
Free cash flow yield	11.6%-4.7pp	16.3%+2.5pp	13.8%-0.7pp	14.5%0.0pp
Earnings yield	12.4%+0.5pp	11.9%-4.6pp	16.5%-4.8pp	21.3%+8.0pp
Dividend yield	11%+1.8pp	9.2%-1.2pp	10.4%-2.1pp	12.6%+2.1pp

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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.