Watsco, Inc. (WSO) Earnings History
Annual and quarterly earnings data from 1991 to 2025
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WSO EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
WSO Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 28.0% | 9.6% | 6.9% |
| 2024 | 26.8% | 10.3% | 7.0% |
| 2023 | 27.4% | 10.9% | 7.4% |
| 2022 | 27.9% | 11.4% | 8.3% |
| 2021 | 26.6% | 10.0% | 6.7% |
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Watsco, Inc. (WSO) Earnings Overview
As of May 6, 2026, Watsco, Inc. (WSO) reported trailing twelve-month net income of $496M, reflecting -7.9% year-over-year growth. The company earned $13.06 per diluted share over the past four quarters, with a net profit margin of 6.9%.
Looking at the long-term picture, WSO's 5-year EPS compound annual growth rate (CAGR) stands at +11.8%, showing solid earnings momentum. The company achieved its highest annual net income of $601M in fiscal 2022.
Watsco, Inc. maintains positive profitability with a gross margin of 28.0%, operating margin of 9.6%, and net margin of 6.9%. The company continues to generate positive earnings from operations. View revenue history →
Compared to peers including GWW ($1.71B net income, 9.5% margin), MSM ($205M net income, 5.3% margin), FAST ($1.26B net income, 15.3% margin), WSO has room to improve margins relative to the peer group. Compare WSO vs GWW →
WSO Earnings vs Peers
Earnings metrics vs comparable public companies
WSO Historical Earnings Data (1991–2025)
35 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $497M | -7.3% | $693M | $12.25 | 6.9% | 9.6% |
| 2024 | $536M | -0.0% | $782M | $13.30 | 7.0% | 10.3% |
| 2023 | $536M | -10.8% | $795M | $13.67 | 7.4% | 10.9% |
| 2022 | $601M | +43.5% | $832M | $15.41 | 8.3% | 11.4% |
| 2021 | $419M | +55.4% | $629M | $10.78 | 6.7% | 10.0% |
| 2020 | $270M | +9.6% | $401M | $7.01 | 5.3% | 7.9% |
| 2019 | $246M | +1.2% | $367M | $6.50 | 5.2% | 7.7% |
| 2018 | $243M | +16.7% | $372M | $6.48 | 5.3% | 8.2% |
| 2017 | $208M | +13.9% | $354M | $5.12 | 4.8% | 8.2% |
| 2016 | $183M | +5.7% | $346M | $4.73 | 4.3% | 8.2% |
Full WSO Stock Analysis
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Start ComparisonWSO — Frequently Asked Questions
Quick answers to the most common questions about buying WSO stock.
Is WSO growing earnings?
WSO EPS fell to $13.06, with earnings declining -7.9%. This contrasts with the 5-year CAGR of +11.8%. TTM net income dropped to $496M.
What are WSO's profit margins?
Watsco, Inc. net margin is +6.9%, with operating margin at +9.6%. Margins sit within typical range for the sector.
How consistent are WSO's earnings?
WSO earnings data spans 1991-2025. The declining earnings trend is -7.9% YoY. Historical data enables comparison across business cycles.