• Watsco average net profit margin for 2024 was 6.52%, a 8.94% decline from 2023.
• Watsco average net profit margin for 2023 was 7.16%, a 1.1% decline from 2022.
• Watsco average net profit margin for 2022 was 7.24%, a 26.35% decline from 2021.

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