Watsco Inc (WSO.B) stock
WSO.BNYSEWholesale-Hardware & Plumbing & Heating Equipment & SuppliesFiscal year ends December 31Also trades as WSO
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 7, 2026Score 15/3029% above fair value
$284.20+0.00 (0.00%)
Close on Oct 29, 2026Market cap $11.72BP/E 24.5Yield 4.12%
Watsco operating margin
Operating margin is operating income as a percentage of revenue.
Watsco's operating margin for the twelve months ending Jun 30, 2026 was 9.4%. For fiscal 2025 it was 10.0%, against 10.3% the year before. The highest annual figure on record is 11.4% in fiscal 2022.
Annual operating margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 10.0% | −0.3 |
| FY2024 | Dec 31, 2024 | 10.3% | −0.7 |
| FY2023 | Dec 31, 2023 | 10.9% | −0.5 |
| FY2022 | Dec 31, 2022 | 11.4% | +1.4 |
| FY2021 | Dec 31, 2021 | 10.0% | +2.1 |
| FY2020 | Dec 31, 2020 | 7.9% | +0.2 |
| FY2019 | Dec 31, 2019 | 7.7% | −0.5 |
| FY2018 | Dec 31, 2018 | 8.2% | +0.0 |
| FY2017 | Dec 31, 2017 | 8.2% | −0.0 |
| FY2016 | Dec 31, 2016 | 8.2% | +0.0 |
| FY2015 | Dec 31, 2015 | 8.2% | +0.4 |
| FY2014 | Dec 31, 2014 | 7.8% | +0.5 |
| FY2013 | Dec 31, 2013 | 7.2% | +0.7 |
| FY2012 | Dec 31, 2012 | 6.6% | −0.1 |
| FY2011 | Dec 31, 2011 | 6.7% | +0.9 |
| FY2010 | Dec 31, 2010 | 5.8% | +1.8 |
| FY2009 | Dec 31, 2009 | 4.0% | −1.8 |
| FY2008 | Dec 31, 2008 | 5.8% | – |
Quarterly operating margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q2 FY2026 | Jun 30, 2026 | 11.3% | −1.9 |
| Q1 FY2026 | Mar 31, 2026 | 7.2% | −0.1 |
| Q4 FY2025 | Dec 31, 2025 | 6.4% | −1.3 |
| Q3 FY2025 | Sep 30, 2025 | 11.4% | −0.2 |
| Q2 FY2025 | Jun 30, 2025 | 13.2% | +0.6 |
| Q1 FY2025 | Mar 31, 2025 | 7.3% | −0.8 |
| Q4 FY2024 | Dec 31, 2024 | 7.8% | +1.0 |
| Q3 FY2024 | Sep 30, 2024 | 11.6% | −0.5 |
| Q2 FY2024 | Jun 30, 2024 | 12.6% | −0.7 |
| Q1 FY2024 | Mar 31, 2024 | 8.1% | −2.5 |
| Q4 FY2023 | Dec 31, 2023 | 6.7% | −2.0 |
| Q3 FY2023 | Sep 30, 2023 | 12.1% | +0.5 |
| Q2 FY2023 | Jun 30, 2023 | 13.3% | −0.2 |
| Q1 FY2023 | Mar 31, 2023 | 10.6% | −0.6 |
| Q4 FY2022 | Dec 31, 2022 | 8.7% | +0.5 |
| Q3 FY2022 | Sep 30, 2022 | 11.6% | +0.0 |
| Q2 FY2022 | Jun 30, 2022 | 13.5% | +1.7 |
| Q1 FY2022 | Mar 31, 2022 | 11.2% | +4.0 |
| Q4 FY2021 | Dec 31, 2021 | 8.1% | +2.1 |
| Q3 FY2021 | Sep 30, 2021 | 11.6% | +1.4 |
| Q2 FY2021 | Jun 30, 2021 | 11.7% | +2.2 |
| Q1 FY2021 | Mar 31, 2021 | 7.2% | +2.7 |
| Q4 FY2020 | Dec 31, 2020 | 6.0% | +1.2 |
| Q3 FY2020 | Sep 30, 2020 | 10.2% | +1.2 |
| Q2 FY2020 | Jun 30, 2020 | 9.5% | −0.3 |
| Q1 FY2020 | Mar 31, 2020 | 4.5% | −1.4 |
| Q4 FY2019 | Dec 31, 2019 | 4.9% | −1.0 |
| Q3 FY2019 | Sep 30, 2019 | 9.0% | −0.5 |
| Q2 FY2019 | Jun 30, 2019 | 9.8% | −0.5 |
| Q1 FY2019 | Mar 31, 2019 | 5.9% | +0.1 |
| Q4 FY2018 | Dec 31, 2018 | 5.9% | −0.5 |
| Q3 FY2018 | Sep 30, 2018 | 9.4% | +0.1 |
| Q2 FY2018 | Jun 30, 2018 | 10.3% | +0.2 |
| Q1 FY2018 | Mar 31, 2018 | 5.8% | +0.2 |
| Q4 FY2017 | Dec 31, 2017 | 6.4% | +0.0 |
| Q3 FY2017 | Sep 30, 2017 | 9.3% | −0.3 |
| Q2 FY2017 | Jun 30, 2017 | 10.1% | – |
| Q1 FY2017 | Mar 31, 2017 | 5.6% | – |
| Q4 FY2016 | Dec 31, 2016 | 6.4% | – |
| Q3 FY2016 | Sep 30, 2016 | 9.6% | – |