• Watsco average operating margin for 2024 was 10.25%, a 8.48% decline from 2023.
• Watsco average operating margin for 2023 was 11.2%, a 0.18% decline from 2022.
• Watsco average operating margin for 2022 was 11.22%, a 19.87% decline from 2021.

Operating margin can be defined as operating margin measurement of what proportion of a company's revenue is left over after paying for variable costs of production such as wages, raw materials, etc.