Company / Operating Margin
Watsco Operating Margin History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Operating Margin
10.0%
FY2025
5-year range
7.7% / 10.3%
FY2021-FY2025
Trend
-3.0%
vs FY2024
Sector context
#137 of 304
Industrials
What the data says
At 10.0%, Watsco's operating margin ranks #137 of 304 in the Industrials sector. Operating Margin has fluctuated over the past 10 years, ranging from 7.7% in FY2021 to 10.3% in FY2024.
Based on SEC 10-K filings.
10.0% in FY2025 with a 5-year CAGR of +1.8%.
Remained stable around 10.0% over the past 2 years.
Industrials sector context is included.
Operating Margin over time
Growth rates
- 3-Year Change
- +2.0pp
- 5-Year Change
- +1.8pp
- 10-Year Change
- -
Sector benchmark
#137 of 304 in IndustrialsTop 45% of 304This company 10.0% Sector average -843.0%
▼
+101.2% above sector average
Key checks
Key Insights
- In FY2025, operating margin decreased 3.0% year-over-year.
- Currently 852.9pp above the Industrials sector average.
- Peak operating margin was recorded in FY2024.
- Lowest operating margin in the period was in FY2021.
Company context
Key Data Points
- Altman Z-Score 3.47 (safe zone, above 2.9 threshold)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Operating MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | 10.0% | -3.0% |
| FY2024 | 10.3% | +2.5% |
| FY2023 | 10.0% | +26.2% |
| FY2022 | 7.9% | +3.1% |
| FY2021 | 7.7% | -6.0% |
| FY2020 | 8.2% | +0.4% |
| FY2019 | 8.2% | -0.5% |
| FY2018 | 8.2% | +0.0% |
| FY2017 | 8.2% | +5.7% |
| FY2016 | 7.8% | +6.9% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026