Watsco Inc (WSO)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 2,024,820 | 1,971,152 | 1,971,853 | 1,964,726 | 1,992,140 | 2,011,274 | 1,995,177 | 2,028,088 | 2,030,289 | 2,008,858 | 1,940,674 | 1,823,082 | 1,667,545 | 1,537,670 | 1,428,769 | 1,270,027 | 1,222,821 | 1,201,098 | 1,162,026 | 1,170,811 |
| Revenue (ttm) | US$ in thousands | 7,618,320 | 7,467,560 | 7,434,360 | 7,298,110 | 7,283,760 | 7,261,780 | 7,170,740 | 7,301,420 | 7,274,350 | 7,204,990 | 6,951,760 | 6,667,640 | 6,280,190 | 5,923,050 | 5,677,150 | 5,182,890 | 5,054,930 | 4,972,530 | 4,830,780 | 4,847,250 |
| Gross profit margin | 26.58% | 26.40% | 26.52% | 26.92% | 27.35% | 27.70% | 27.82% | 27.78% | 27.91% | 27.88% | 27.92% | 27.34% | 26.55% | 25.96% | 25.17% | 24.50% | 24.19% | 24.15% | 24.05% | 24.15% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,024,820K ÷ $7,618,320K
= 26.58%
Watsco Inc's gross profit margin has demonstrated a generally upward trend over the period from March 31, 2020, to December 31, 2024. The margin increased from 24.15% on March 31, 2020, to 26.58% on December 31, 2024. During this period, there were fluctuations quarter by quarter, with some fluctuations being more pronounced than others. The margin reached its peak of 27.92% on June 30, 2022, before slightly decreasing in subsequent quarters. Despite the fluctuations, the overall trend indicates an improvement in the company's ability to generate profits from its sales after accounting for the cost of goods sold. However, it is important to further analyze the factors contributing to these fluctuations to better understand the company's profitability trends.