Watsco, Inc.

WSO.B Industrials Industrial Distribution

Watsco, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $7.2 billion, down 4.98% from fiscal 2024.

Revenue
+2.06%
EPS
−11.5%
Free cash flow
+17.6%
Total debt
−35.5%

Quarter to June 2026, against a year earlier

313.24 9.94 +3.28%
Market cap
$16.0B
P/E
27.2×
Fwd P/E
—
Dividend yield
—
F-score
6/9
Altman Z
9.65
Beneish M
−2.48
Dividend safety
56/100

Watsco, Inc. (WSO.B) Operating margin

Alert me on Operating margin

Watsco, Inc.'s operating margin over the twelve months to 30 June 2026 was 9.40%, down 0.6 percentage points from fiscal 2025 (9.95%). Over the past ten years it has ranged from 7.69% (fiscal 2019) to 11.4% (fiscal 2022); the current reading is higher than 64% of that period. That is above the Industrial Distribution industry median of 7.44% and above the Industrials sector median of 5.21%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 9.95% (0.31)
FY2024 10.3% (0.65)
FY2023 10.9% (0.52)
FY2022 11.4% 1.42
FY2021 10.0% 2.08
FY2020 7.93% 0.24
FY2019 7.69% (0.49)
FY2018 8.18% 0.03
FY2017 8.15% (0.04)
FY2016 8.19% 0.00

Quarterly newest first

Period Operating margin Change (points)
Jun 2026 11.3% 4.13
Mar 2026 7.19% 0.76
Dec 2025 6.43% (4.93)
Sep 2025 11.4% (1.82)
42 more quarters

Against its own ten years

Low 7.69% High 11.4%
Ten-year median 8.19%
Current reading's percentile 55

Operating margin against peers

Company Operating margin
AIT Applied Industrial Technologies, Inc. compare 11.2%
POOL Pool Corporation compare 10.5%
CNM Core & Main, Inc. compare 9.64%
WSO.B Watsco, Inc. 9.40%
WSO Watsco, Inc. compare 9.08%
MSM MSC Industrial Direct Company, Inc. compare 7.99%
WCC WESCO International, Inc. compare 5.57%
XMTR Xometry, Inc. compare −2.22%
QXO QXO, Inc. compare −3.40%
Industrial Distribution industry median 7.44%
Industrials sector median 5.21%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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