Last 48 quarters of trend data · Industrials · Industrial Distribution
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 24.99 | 20.07 | 25.72 | 48.64 | 50.14 | 25.40 | 24.43 | 65.84 | 49.57 | 29.14 | 25.79 | 49.77 | 54.93 | 21.71 | 21.58 | 28.11 | 18.84 | 15.97 | 12.11 | 26.26 | 42.28 |
| — | -21.0% | +5.3% | -26.1% | +1.2% | -12.8% | -5.3% | +32.3% | -9.8% | +34.2% | +19.5% | +77.1% | +191.6% | +35.9% | +78.2% | +7.0% | -55.4% | -12.6% | -37.3% | -44.0% | -22.4% | |
| P/S Ratio | 1.69 | 1.31 | 1.88 | 2.25 | 2.02 | 1.85 | 2.03 | 3.14 | 2.55 | 2.14 | 2.04 | 2.55 | 2.64 | 1.62 | 1.73 | 1.86 | 1.53 | 1.12 | 0.99 | 1.77 | 2.01 |
| — | -29.1% | -7.0% | -28.3% | -20.6% | -13.5% | -0.5% | +23.1% | -3.3% | +32.1% | +17.4% | +37.1% | +72.5% | +44.4% | +74.5% | +4.9% | -24.0% | -14.5% | -27.6% | -12.4% | +6.2% | |
| P/B Ratio | 3.58 | 3.30 | 4.57 | 4.30 | 3.97 | 4.64 | 5.19 | 6.23 | 5.84 | 5.86 | 5.73 | 5.46 | 6.46 | 5.18 | 5.67 | 5.00 | 4.30 | 3.95 | 3.82 | 5.20 | 6.09 |
| — | -28.9% | -12.0% | -31.1% | -32.1% | -20.8% | -9.3% | +14.1% | -9.6% | +13.1% | +1.0% | +9.1% | +50.3% | +31.1% | +48.3% | -3.7% | -29.4% | -14.8% | -27.3% | +1.4% | +23.9% | |
| P/FCF | 18.79 | 9.25 | — | — | 8.21 | 11.06 | — | — | 12.06 | 20.78 | 84.91 | 40.83 | 14.64 | 10.07 | — | — | 11.85 | 8.23 | 12.93 | — | 143.33 |
| — | -16.4% | — | — | -31.9% | -46.8% | — | — | -17.6% | +106.2% | — | — | +23.6% | +22.5% | — | — | -91.7% | -18.6% | -42.2% | — | +928.6% | |
| EV / EBITDA | 17.61 | 12.36 | 16.09 | 28.66 | 30.00 | 16.06 | 14.93 | 39.17 | 30.35 | 17.90 | 15.80 | 29.53 | 36.60 | 13.31 | 13.16 | 17.28 | 17.03 | 9.58 | 7.52 | 15.77 | 23.80 |
| — | -23.1% | +7.7% | -26.8% | -1.2% | -10.2% | -5.5% | +32.7% | -17.1% | +34.5% | +20.0% | +70.9% | +114.9% | +38.9% | +75.0% | +9.5% | -28.4% | -13.9% | -35.6% | -40.3% | -17.5% | |
| EV / EBIT | 18.16 | 12.76 | 16.58 | 29.78 | 29.86 | 16.55 | 15.40 | 45.00 | 34.35 | 19.45 | 16.09 | 33.27 | 39.53 | 13.77 | 13.58 | 18.54 | 18.06 | 9.91 | 7.72 | 16.47 | 25.20 |
| — | -22.9% | +7.7% | -33.8% | -13.1% | -14.9% | -4.3% | +35.3% | -13.1% | +41.3% | +18.5% | +79.4% | +118.9% | +39.0% | +75.8% | +12.6% | -28.4% | -13.9% | -35.9% | -42.5% | -20.2% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 28.0% | 26.4% | 27.5% | 27.9% | 27.1% | 28.8% | 29.3% | 28.1% | 26.7% | 26.2% | 27.1% | 27.5% | 25.8% | 26.7% | 28.1% | 28.9% | 27.4% | 27.1% | 27.9% | 29.6% | 27.3% |
| — | -8.2% | -6.0% | -0.6% | +1.7% | +9.8% | +8.0% | +2.0% | +3.2% | -1.7% | -3.5% | -4.8% | -5.7% | -1.5% | +0.6% | -2.2% | +0.6% | -0.1% | +8.0% | +13.9% | +11.5% | |
| Operating Margin | 9.6% | 10.1% | 11.3% | 7.2% | 6.1% | 11.4% | 13.2% | 7.3% | 7.8% | 11.6% | 12.6% | 8.1% | 6.7% | 12.1% | 13.3% | 10.6% | 8.7% | 11.6% | 13.5% | 11.2% | 8.1% |
| — | -10.7% | -14.1% | -1.9% | -21.9% | -2.0% | +4.9% | -9.4% | +15.5% | -4.0% | -5.3% | -23.9% | -22.5% | +4.0% | -1.4% | -5.4% | +6.6% | +0.0% | +14.8% | +55.8% | +34.7% | |
| Net Margin | 6.9% | 7.0% | 7.8% | 5.2% | 4.5% | 7.8% | 8.9% | 5.2% | 5.5% | 7.9% | 8.5% | 5.6% | 5.1% | 8.0% | 8.6% | 7.1% | 8.7% | 7.7% | 9.0% | 7.4% | 5.2% |
| — | -10.5% | -12.8% | -1.4% | -17.7% | -1.3% | +5.0% | -5.9% | +7.2% | -1.5% | -1.7% | -21.7% | -40.9% | +3.8% | -4.4% | -4.5% | +66.9% | -2.0% | +15.8% | +53.4% | +31.0% |
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 15.8% | 4.4% | 4.9% | 2.5% | 2.2% | 5.0% | 5.8% | 2.6% | 3.1% | 5.5% | 6.1% | 3.1% | 3.1% | 6.7% | 7.3% | 4.8% | 6.0% | 7.0% | 9.0% | 5.6% | 3.9% |
| — | -10.5% | -16.1% | -5.6% | -29.3% | -10.1% | -4.2% | -17.1% | -0.5% | -17.5% | -16.3% | -35.0% | -48.2% | -3.9% | -18.9% | -13.0% | +53.7% | -2.5% | +15.8% | +80.4% | +53.1% | |
| ROA | 11.1% | 3.0% | 3.4% | 1.7% | 1.6% | 3.5% | 4.0% | 1.8% | 2.1% | 3.8% | 4.1% | 2.2% | 2.1% | 4.2% | 4.4% | 3.0% | 3.9% | 4.3% | 5.3% | 3.5% | 2.6% |
| — | -13.5% | -16.1% | -2.5% | -25.6% | -9.3% | -3.5% | -17.2% | +0.7% | -8.6% | -5.2% | -28.8% | -45.4% | -1.8% | -17.6% | -12.6% | +52.4% | -5.6% | +7.2% | +62.3% | +42.5% | |
| ROIC | 16.6% | 4.7% | 5.2% | 2.5% | 2.0% | 4.9% | 6.3% | 2.8% | 3.3% | 5.8% | 6.4% | 3.2% | 2.7% | 6.5% | 7.0% | 4.8% | 4.1% | 6.9% | 8.4% | 5.4% | 4.2% |
| — | -5.2% | -17.9% | -8.7% | -37.2% | -14.3% | -2.1% | -13.3% | +18.5% | -10.9% | -8.4% | -33.1% | -33.1% | -6.6% | -16.4% | -11.4% | -2.0% | -2.4% | +7.8% | +66.5% | +51.8% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.15 | 0.16 | 0.15 | 0.15 | 0.15 | 0.24 | 0.14 | 0.15 | 0.15 | 0.14 | 0.14 | 0.14 | 0.19 | 0.18 | 0.28 | 0.23 | 0.17 | 0.15 | 0.23 | 0.27 | 0.19 |
| — | -34.2% | +9.3% | -0.5% | +1.8% | +75.7% | +4.3% | +6.5% | -24.4% | -26.1% | -52.3% | -40.3% | +11.1% | +26.3% | +22.0% | -13.8% | -6.2% | +7.2% | +16.1% | +87.5% | +52.4% | |
| Debt / EBITDA | 0.65 | 2.33 | 2.15 | 3.93 | 4.48 | 3.20 | 1.61 | 3.74 | 3.05 | 1.64 | 1.48 | 3.00 | 4.30 | 1.84 | 2.53 | 3.13 | 2.69 | 1.38 | 1.75 | 3.16 | 2.84 |
| — | -27.0% | +33.7% | +5.1% | +46.9% | +94.6% | +8.8% | +24.6% | -29.1% | -10.8% | -41.8% | -4.1% | +60.2% | +33.8% | +44.9% | -1.2% | -5.3% | +7.5% | +1.2% | +7.9% | +0.2% | |
| Current Ratio | 4.12 | 3.15 | 3.20 | 3.34 | 4.12 | 3.84 | 3.08 | 3.28 | 3.13 | 3.36 | 3.21 | 2.92 | 3.36 | 3.08 | 3.02 | 2.73 | 2.54 | 2.57 | 2.47 | 2.77 | 2.70 |
| — | -17.8% | +3.8% | +1.9% | +31.5% | +14.3% | -4.0% | +12.3% | -6.8% | +9.1% | +6.5% | +7.2% | +32.5% | +19.9% | +22.0% | -1.7% | -6.0% | +3.2% | -0.3% | +3.2% | -11.4% | |
| Quick Ratio | 2.18 | 1.52 | 1.45 | 1.54 | 2.18 | 1.86 | 1.26 | 1.36 | 1.72 | 1.65 | 1.55 | 1.31 | 1.47 | 1.33 | 1.25 | 1.03 | 1.02 | 1.09 | 1.08 | 1.11 | 1.16 |
| — | -18.6% | +15.1% | +13.1% | +26.9% | +13.3% | -18.6% | +4.0% | +17.4% | +23.7% | +23.8% | +26.8% | +43.2% | +22.0% | +15.9% | -7.1% | -12.0% | -7.4% | -10.1% | -1.1% | -19.4% | |
| Interest Coverage | — | — | — | — | — | — | — | — | 19.31 | — | — | — | — | 135.78 | 77.81 | 261.95 | 9798.50 | 489.14 | 258.65 | 306.54 | 514.92 |
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Includes 30+ ratios · 48 years · Updated daily
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Quick answers to the most common questions about buying WSO stock.
Watsco, Inc.'s current P/E is 25.0x. The average P/E over the last 4 quarters is 36.1x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Watsco, Inc.'s current operating margin is 9.6%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Watsco, Inc.'s business trajectory between earnings reports.