Watsco WSO Ratios & Valuation
| 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 | |
| Returns | |||||
| Return on equity | 77.4%-11.3pp | 88.7%-28.6pp | 117.3%-7.6pp | 124.9%+30.0pp | |
| 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× | |
| Liquidity | |||||
| Current ratio | 14.3×+1.7× | 12.6×+0.4× | 12.2×+1.8× | 10.3×0.0× | |
| Leverage | |||||
| Debt-to-equity | 0.9×0.0× | 0.8×-0.4× | 1.2×+0.1× | 1.2×+0.2× | |
| 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% | |
| 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× | |
| Dividend yield | 11%+1.8pp | 9.2%-1.2pp | 10.4%-2.1pp | 12.6%+2.1pp |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →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.
