• Watsco average net profit margin for 2023 was 7.2%, a 0.55% decline from 2022.
• Watsco average net profit margin for 2022 was 7.24%, a 26.35% decline from 2021.
• Watsco average net profit margin for 2021 was 5.73%, a 22.7% increase from 2020.

Net profit margin can be defined as net Income as a portion of total sales revenue.