Watsco Inc (WSO)
Net 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 536,286 | 521,992 | 521,914 | 513,268 | 536,337 | 591,461 | 563,762 | 565,955 | 558,869 | 500,084 | 485,105 | 441,471 | 387,522 | 350,684 | 319,752 | 267,568 | 243,799 | 235,943 | 215,107 | 218,611 |
| 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 |
| Net profit margin | 7.04% | 6.99% | 7.02% | 7.03% | 7.36% | 8.14% | 7.86% | 7.75% | 7.68% | 6.94% | 6.98% | 6.62% | 6.17% | 5.92% | 5.63% | 5.16% | 4.82% | 4.74% | 4.45% | 4.51% |
December 31, 2024 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $536,286K ÷ $7,618,320K
= 7.04%
The net profit margin of Watsco Inc has shown a fluctuating trend over the period under review. The margin started at 4.51% as of March 31, 2020, and remained relatively stable around the 4-5% range until the end of 2021. From March 31, 2022, onwards, there was a noticeable improvement in the net profit margin, continuously increasing to reach its peak of 8.14% as of September 30, 2023.
However, there was a slight decline in the net profit margin in the following quarters, dropping to 7.36% by December 31, 2023. The margin continued to decrease further to 6.99% as of September 30, 2024, before slightly rebounding to 7.04% by the end of December 31, 2024. Overall, the net profit margin demonstrated both positive and negative movements, showcasing the company's ability to generate profits relative to its revenue, with some variability in its profitability performance during the period.