stockrowWatsco, Inc.
WSO 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
- +7.42%
- EPS
- −11.5%
- Free cash flow
- −8.87%
- Total debt
- +815.5%
Quarter to September 2026, against a year earlier
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Watsco, Inc. (WSO) Gross margin
Watsco, Inc.'s gross margin over the twelve months to 30 September 2026 was 27.2%, down 0.9 percentage points from fiscal 2025 (28.1%). Over the past ten years it has ranged from 24.2% (fiscal 2020) to 28.1% (fiscal 2025) — the current reading is the highest in ten years. That is below the Industrial Distribution industry median of 30.0% and below the Industrials sector median of 30.6%.
Gross margin, annual
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Annual newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2025 | 28.1% | 1.21 |
| FY2024 | 26.8% | (0.51) |
| FY2023 | 27.4% | (0.56) |
| FY2022 | 27.9% | 1.36 |
| FY2021 | 26.6% | 2.36 |
| FY2020 | 24.2% | (0.06) |
| FY2019 | 24.3% | (0.39) |
| FY2018 | 24.6% | 0.10 |
| FY2017 | 24.5% | 0.03 |
| FY2016 | 24.5% | 0.02 |
Quarterly newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| Sep 2026 | 26.4% | (1.09) |
| Jun 2026 | 27.5% | (0.39) |
| Mar 2026 | 27.9% | 0.75 |
| Dec 2025 | 27.1% | (0.38) |
| 43 more quarters | Free account |
Against its own ten years
Gross margin against peers
| Company | Gross margin |
|---|---|
| MSM MSC Industrial Direct Company, Inc. compare | 40.9% |
| XMTR Xometry, Inc. compare | 38.6% |
| AIT Applied Industrial Technologies, Inc. compare | 30.4% |
| POOL Pool Corporation compare | 29.4% |
| WSO.B Watsco, Inc. compare | 27.5% |
| WSO Watsco, Inc. | 27.2% |
| CNM Core & Main, Inc. compare | 27.1% |
| QXO QXO, Inc. compare | 24.0% |
| WCC WESCO International, Inc. compare | 21.5% |
| Industrial Distribution industry median | 30.0% |
| Industrials sector median | 30.6% |
| Market median | 45.1% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
More on WSO
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement