SuperworthWatsco profit margin WSO
Gross, operating and net profit as a share of revenue over the last twelve months, from 2010.
- Net margin, 12 months
- 6.5%
- Operating margin, 12 months
- 9.4%
- Net margin on a year earlier
- −0.5 pts
- Peer median
- 6.0%
Over the twelve months to Jun 30, 2026, Watsco kept 6.5% of its revenue as net profit, with an operating margin of 9.4% and a gross margin of 27.5%.
Five years earlier its net margin was 6.2%.
The median for 10 industrial distribution stocks of a similar size is 6.0%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin | Gross margin |
|---|---|---|---|
| FY2025 | 6.9% | 10.0% | 28.0% |
| FY2024 | 7.0% | 10.3% | 26.8% |
| FY2023 | 7.4% | 10.9% | 27.4% |
| FY2022 | 8.3% | 11.4% | 27.9% |
| FY2021 | 6.7% | 10.0% | 26.6% |
| FY2020 | 5.3% | 7.9% | 24.2% |
| FY2019 | 5.2% | 7.7% | 24.3% |
| FY2018 | 5.3% | 8.2% | 24.6% |
| FY2017 | 4.8% | 8.2% | 24.5% |
| FY2016 | 4.3% | 8.2% | 24.5% |
| FY2015 | 4.2% | 8.2% | 24.5% |
| FY2014 | 3.8% | 7.8% | 24.2% |
| FY2013 | 3.4% | 7.2% | 24.0% |
| FY2012 | 3.0% | 6.6% | 23.7% |
| FY2011 | 3.0% | 6.7% | 24.5% |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q2 FY26 | 6.5% | −0.5 pts | 9.4% | |
| Q1 FY26 | 6.8% | −0.1 pts | 9.9% | |
| Q4 FY25 | 6.9% | −0.2 pts | 10.0% | |
| Q3 FY25 | 7.0% | +0.1 pts | 10.2% | |
| Q2 FY25 | 7.1% | +0.1 pts | 10.3% | |
| Q1 FY25 | 7.0% | −0.1 pts | 10.1% | |
| Q4 FY24 | 7.0% | −0.3 pts | 10.3% | |
| Q3 FY24 | 7.0% | −1.2 pts | 10.1% | |
| Q2 FY24 | 7.0% | −1.0 pts | 10.2% | |
| Q1 FY24 | 7.0% | −1.2 pts | 10.4% | |
| Q4 FY23 | 7.4% | −0.9 pts | 10.9% | |
| Q3 FY23 | 8.1% | +0.6 pts | 11.4% |
Against its peers
Companies in Industrial - Distribution nearest Watsco's size, closest first, today.
| Company | Profit margin |
|---|---|
| WSOWatsco | 6.5% |
| AITApplied Industrial Technologies | 8.3% |
| WCCWESCO International | 2.8% |
| CNMCore & Main | 6.0% |
| POOLPool | 7.4% |
| MSMMSC Industrial Direct | 5.9% |
| SITESiteOne Landscape Supply | 3.5% |
| LKQLKQ | 3.4% |
| FERGFerguson | n/m |
| FASTFastenal | 15.5% |
| GWWW.W. Grainger | 9.9% |
| Peer median | 6.0% |
Where Watsco ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on Watsco
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.