WESCO International, Inc. (WCC) 10-Year Financial Performance & Capital Metrics

WCC • • Industrial / General

IndustrialsIndustrial DistributionSpecialized Infrastructure DistributionElectrical & Communications Distributors

AboutWESCO International, Inc. provides business-to-business distribution, logistics services, and supply chain solutions in the United States, Canada, and internationally. It operates through three segments: Electrical & Electronic Solutions (EES), Communications & Security Solutions (CSS), and Utility and Broadband Solutions (UBS). The EES segment supplies products and supply chain solutions, including electrical equipment and supplies, automation and connected devices, security, lighting, wire and cable, and safety, as well as maintenance, repair, and operating (MRO) products. This segment also offers contractor solutions, direct and indirect manufacturing supply chain optimization programs, lighting and renewables advisory services, and digital and automation solutions. The CSS segment operates in the network infrastructure and security markets. This segment sells products directly to end-users or through various channels, including data communications contractors, security, network, professional audio/visual, and systems integrators. It also provides safety and energy management solutions. The UBS segment offers products and services to investor-owned utilities; public power companies; and service and wireless providers, broadband operators, and contractors. This segment's products include wire and cable, transformers, transmission and distribution hardware, switches, protective devices, connectors, conduits, pole line hardware, racks, cabinets, safety and MRO products, and point-to-point wireless devices. This segment also offers various service solutions, including fiber project management, high and medium voltage project design and support, pre-wired meters and capacitor banks, meter testing and metering infrastructure installation, personal protective equipment dielectric testing, and tool repair, as well as emergency response, storage yard, materials, and logistics management. The company was founded in 1922 and is headquartered in Pittsburgh, Pennsylvania.Show more

Revenue $21.82B -2.5%
EBITDA $1.41B -11.4%
Net Income $718M -6.3%
EPS (Diluted) 13.05 -3.6%
Gross Margin 21.6% -0.2%
EBITDA Margin 6.45% -9.1%
Operating Margin 5.61% -10.8%
Net Margin 3.29% -3.8%
ROE 14.36% -11.1%
ROIC 8.99% -13.4%
Debt/Equity 1.14 -3.5%
Interest Coverage 3.35 -7.2%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y profit CAGR of 26.3%
✓Momentum leader: RS Rating 81 (top 19%)
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 21.2%
✓Good 3Y average ROE of 17.1%
✓Share count reduced 3.3% through buybacks

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y10.71%

5Y21.15%

3Y6.2%

TTM5.22%

Profit (Net Income) CAGR

10Y10.03%

5Y26.28%

3Y15.53%

TTM-6.96%

EPS CAGR

10Y9.68%

5Y20.48%

3Y18.51%

TTM2%

ROCE

10Y Avg9.82%

5Y Avg10.23%

3Y Avg12.36%

Latest10.67%

Peer Comparison

Electrical & Communications Distributors

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
WCCWESCO International, Inc.	13.81B	283.91	21.76	-2.53%	2.82%	13.34%	7.29%	1.14

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	7.52B	7.34B	7.68B	8.18B	8.36B	12.33B	18.22B	21.42B	22.39B	21.82B
Revenue Growth %	-0.05%	-0.02%	0.05%	0.06%	0.02%	0.47%	0.48%	0.18%	0.05%	-0.03%
Cost of Goods Sold+	6.02B	5.89B	6.19B	6.61B	6.78B	10B	14.43B	16.76B	17.54B	17.11B
COGS % of Revenue	0.8%	0.8%	0.81%	0.81%	0.81%	0.81%	0.79%	0.78%	0.78%	0.78%
Gross Profit+	1.49B	1.45B	1.48B	1.57B	1.58B	2.33B	3.79B	4.66B	4.84B	4.71B
Gross Margin %	0.2%	0.2%	0.19%	0.19%	0.19%	0.19%	0.21%	0.22%	0.22%	0.22%
Gross Profit Growth %	-0.07%	-0.03%	0.03%	0.06%	0.01%	0.47%	0.63%	0.23%	0.04%	-0.03%
Operating Expenses+	1.12B	1.12B	1.17B	1.21B	1.24B	1.98B	2.99B	3.22B	3.44B	3.49B
OpEx % of Revenue	0.15%	0.15%	0.15%	0.15%	0.15%	0.16%	0.16%	0.15%	0.15%	0.16%
Selling, General & Admin	1.05B	1.05B	1.1B	1.15B	1.17B	1.86B	2.79B	3.04B	3.26B	3.31B
SG&A % of Revenue	0.14%	0.14%	0.14%	0.14%	0.14%	0.15%	0.15%	0.14%	0.15%	0.15%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	64.97M	66.86M	64.02M	63M	62.11M	121.6M	198.6M	179M	181.3M	183.2M
Operating Income+	373.74M	330.55M	319.04M	352.44M	346.22M	347.04M	801.9M	1.44B	1.41B	1.22B
Operating Margin %	0.05%	0.05%	0.04%	0.04%	0.04%	0.03%	0.04%	0.07%	0.06%	0.06%
Operating Income Growth %	-0.2%	-0.12%	-0.03%	0.1%	-0.02%	0%	1.31%	0.79%	-0.02%	-0.13%
EBITDA+	438.71M	397.4M	383.06M	415.44M	408.32M	468.64M	1B	1.62B	1.59B	1.41B
EBITDA Margin %	0.06%	0.05%	0.05%	0.05%	0.05%	0.04%	0.05%	0.08%	0.07%	0.06%
EBITDA Growth %	-0.18%	-0.09%	-0.04%	0.08%	-0.02%	0.15%	1.13%	0.62%	-0.02%	-0.11%
D&A (Non-Cash Add-back)	64.97M	66.86M	64.02M	63M	62.11M	121.6M	198.6M	179M	181.3M	183.2M
EBIT	373.74M	330.55M	319.04M	352.44M	346.22M	347.04M	850M	1.43B	1.38B	1.32B
Net Interest Income+	-69.83M	-75.06M	0	-68.66M	-65.71M	-226.59M	-268.1M	-294.4M	-389.3M	-364.9M
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	69.83M	76.58M	0	68.66M	65.71M	226.59M	268.1M	294.4M	389.3M	364.9M
Other Income/Expense	-69.83M	-199M	-66.6M	-71.42M	-64.16M	-224.2M	-220M	-301.4M	-414.4M	-272.2M
Pretax Income+	303.9M	131.5M	252.5M	281.1M	282.06M	122.84M	581.91M	1.14B	992M	951M
Pretax Margin %	0.04%	0.02%	0.03%	0.03%	0.03%	0.01%	0.03%	0.05%	0.04%	0.04%
Income Tax+	95.5M	30.4M	89.3M	55.7M	59.86M	22.8M	115.51M	274.53M	225.9M	231.6M
Effective Tax Rate %	0.69%	0.77%	0.65%	0.81%	0.79%	0.82%	0.8%	0.76%	0.77%	0.75%
Net Income+	210.69M	101.59M	163.46M	227.34M	223.43M	100.56M	465.4M	860.5M	765.5M	717.6M
Net Margin %	0.03%	0.01%	0.02%	0.03%	0.03%	0.01%	0.03%	0.04%	0.03%	0.03%
Net Income Growth %	-0.24%	-0.52%	0.61%	0.39%	-0.02%	-0.55%	3.63%	0.85%	-0.11%	-0.06%
Net Income (Continuing)	208.37M	101.12M	163.13M	225.35M	222.2M	100.04M	466.4M	862.2M	766.1M	719.4M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	-2.8M	-3.27M	-3.6M	-5.58M	-6.81M	-7.33M	-6.31M	-4.7M	-5.2M	-5.2M
EPS (Diluted)+	4.18	2.09	3.38	4.82	5.14	1.51	7.84	15.33	13.54	13.05
EPS Growth %	-0.19%	-0.5%	0.62%	0.43%	0.07%	-0.71%	4.19%	0.96%	-0.12%	-0.04%
EPS (Basic)	5.00	2.09	3.48	5.04	5.18	1.53	8.11	15.83	13.86	13.26
Diluted Shares Outstanding	50.4M	48.61M	48.4M	47.2M	43.49M	46.63M	52.03M	52.4M	52.3M	50.6M
Basic Shares Outstanding	42.17M	48.38M	47.01M	45.11M	43.1M	46.17M	50.3M	50.73M	51.1M	49.8M
Dividend Payout Ratio	-	-	-	-	-	0.3%	0.12%	0.07%	0.1%	0.11%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	2.26B	2.17B	2.41B	2.39B	2.54B	5.51B	6.35B	8.33B	8.39B	8.35B
Cash & Short-Term Investments	160.3M	110.1M	118M	96.3M	150.9M	449.13M	212.58M	527.3M	524.1M	702.6M
Cash Only	160.3M	110.1M	118M	96.3M	150.9M	449.13M	212.58M	527.3M	524.1M	702.6M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	1.23B	1.03B	1.17B	1.17B	1.19B	2.71B	3.33B	4.1B	4.07B	3.87B
Days Sales Outstanding	59.73	51.47	55.62	52.08	51.85	80.13	66.79	69.84	66.36	64.75
Inventory	810.1M	821.4M	956.1M	948.7M	1.01B	2.16B	2.67B	3.5B	3.57B	3.5B
Days Inventory Outstanding	49.08	50.92	56.34	52.39	54.48	78.99	67.46	76.2	74.33	74.72
Other Current Assets	8.46M	90.74M	124.48M	121.86M	98.03M	0	0	0	0	276.4M
Total Non-Current Assets+	2.33B	2.32B	2.33B	2.22B	2.48B	6.37B	6.27B	6.48B	6.67B	6.71B
Property, Plant & Equipment	166.74M	157.61M	156.44M	160.88M	417.28M	933.86M	909.88M	1.03B	1.18B	1.18B
Fixed Asset Turnover	45.09x	46.55x	49.08x	50.82x	20.03x	13.20x	20.02x	20.84x	18.89x	18.52x
Goodwill	1.68B	1.72B	1.77B	1.72B	1.76B	3.19B	3.21B	3.24B	3.26B	3.28B
Intangible Assets	403.65M	393.36M	367.1M	316.02M	287.27M	2.07B	1.94B	1.94B	1.86B	1.84B
Long-Term Investments	0	0	0	0	0	0	0	0	0	0
Other Non-Current Assets	41.92M	31.04M	6.99M	3.52M	2.38M	149.01M	171.05M	234.9M	322.3M	374.1M
Total Assets+	4.59B	4.49B	4.74B	4.61B	5.02B	11.88B	12.62B	14.81B	15.06B	15.06B
Asset Turnover	1.64x	1.63x	1.62x	1.78x	1.67x	1.04x	1.44x	1.45x	1.49x	1.45x
Asset Growth %	-0.04%	-0.02%	0.05%	-0.03%	0.09%	1.37%	0.06%	0.17%	0.02%	0%
Total Current Liabilities+	947.8M	873.8M	1.04B	1.06B	1.08B	2.99B	3.05B	3.82B	3.39B	3.8B
Accounts Payable	715.52M	684.72M	799.52M	794.35M	830.48M	1.71B	2.14B	2.73B	2.43B	2.67B
Days Payables Outstanding	43.35	42.45	47.11	43.87	44.73	62.33	54.15	59.42	50.59	56.98
Short-Term Debt	78.51M	51.52M	72.94M	74.03M	26.68M	528.83M	9.53M	70.5M	8.6M	19.5M
Deferred Revenue (Current)	0	0	0	0	0	0	0	0	0	0
Other Current Liabilities	73.3M	78.42M	95.82M	105.46M	177.39M	552.3M	585.07M	749.5M	756.6M	871.6M
Current Ratio	2.38x	2.49x	2.31x	2.25x	2.34x	1.84x	2.08x	2.18x	2.48x	2.20x
Quick Ratio	1.53x	1.55x	1.40x	1.35x	1.41x	1.12x	1.21x	1.27x	1.42x	1.27x
Cash Conversion Cycle	65.46	59.94	64.84	60.6	61.61	96.8	80.1	86.62	90.1	82.49
Total Non-Current Liabilities+	1.85B	1.59B	1.58B	1.41B	1.67B	5.56B	5.79B	6.54B	6.64B	6.29B
Long-Term Debt	1.44B	1.36B	1.31B	1.17B	1.26B	4.37B	4.7B	5.35B	5.31B	5.05B
Capital Lease Obligations	0	0	0	0	179.83M	414.89M	414.25M	510.4M	641.7M	614.8M
Deferred Tax Liabilities	364.84M	158.01M	136.86M	143.97M	146.62M	488.26M	437.44M	460.7M	451.9M	415.6M
Other Non-Current Liabilities	44.15M	63.03M	128.24M	102.09M	91.39M	283.73M	238.45M	227.8M	233.9M	216M
Total Liabilities	2.8B	2.47B	2.62B	2.48B	2.76B	8.54B	8.84B	10.36B	10.03B	10.1B
Total Debt+	1.52B	1.41B	1.39B	1.24B	1.46B	5.31B	5.13B	5.93B	5.96B	5.68B
Net Debt	1.36B	1.3B	1.27B	1.15B	1.31B	4.86B	4.91B	5.4B	5.44B	4.98B
Debt / Equity	0.86x	0.72x	0.66x	0.58x	0.65x	1.59x	1.36x	1.33x	1.19x	1.14x
Debt / EBITDA	3.46x	3.56x	3.62x	2.99x	3.58x	11.34x	5.12x	3.67x	3.76x	4.04x
Net Debt / EBITDA	3.09x	3.28x	3.31x	2.76x	3.21x	10.38x	4.91x	3.34x	3.43x	3.54x
Interest Coverage	5.35x	4.32x	-	5.13x	5.27x	1.53x	2.99x	4.88x	3.61x	3.35x
Total Equity+	1.77B	1.96B	2.12B	2.13B	2.26B	3.34B	3.78B	4.45B	5.03B	4.97B
Equity Growth %	-0.08%	0.11%	0.08%	0.01%	0.06%	0.48%	0.13%	0.18%	0.13%	-0.01%
Book Value per Share	35.20	40.39	43.72	45.12	51.94	71.56	72.58	84.92	96.21	98.13
Total Shareholders' Equity	1.78B	1.97B	2.12B	2.14B	2.27B	3.34B	3.78B	4.45B	5.04B	4.97B
Common Stock	629K	631K	634K	635K	636K	719K	725K	700K	700K	700K
Retained Earnings	1.85B	1.96B	2.08B	2.31B	2.53B	2.6B	3B	3.79B	4.39B	4.96B
Treasury Stock	-772.68M	-542.54M	-647.16M	-758.02M	-937.16M	-938.34M	-956.19M	-969.2M	-1.06B	-1.5B
Accumulated OCI	-423.15M	-387.37M	-312.59M	-408.44M	-367.77M	-263.13M	-236.03M	-377.8M	-332M	-547.2M
Minority Interest	-2.8M	-3.27M	-3.6M	-5.58M	-6.81M	-7.33M	-6.31M	-4.7M	-5.2M	-5.2M

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	283.1M	300.2M	149.1M	296.7M	224.37M	543.93M	67.14M	11.04M	493.2M	1.1B
Operating CF Margin %	0.04%	0.04%	0.02%	0.04%	0.03%	0.04%	0%	0%	0.02%	0.05%
Operating CF Growth %	0.13%	0.06%	-0.5%	0.99%	-0.24%	1.42%	-0.88%	-0.84%	43.68%	1.23%
Net Income	208.4M	101.1M	163.2M	225.4M	222.2M	100.04M	466.4M	862.12M	766.1M	719.4M
Depreciation & Amortization	65M	66.9M	64M	63M	62.11M	121.6M	198.55M	179.01M	181.3M	183.2M
Stock-Based Compensation	12.9M	12.49M	14.81M	16.45M	19.06M	19.28M	30.8M	46.4M	48.1M	28.9M
Deferred Taxes	42.9M	-45.2M	-50.4M	9.1M	13.21M	-33.54M	-78.28M	-1.24M	-7.9M	-39.9M
Other Non-Cash Items	465K	125.05M	-43K	-3.68M	-79.87M	6.37M	-18.88M	18.91M	14.3M	-66.6M
Working Capital Changes	-46.56M	39.86M	-42.47M	-13.56M	-12.34M	330.19M	-531.45M	-1.09B	-508.7M	276.2M
Change in Receivables	97.34M	56.8M	-113M	-22.9M	11.45M	47.88M	-668.49M	-745.34M	52.2M	-48.7M
Change in Inventory	2.4M	-1.6M	-119M	-8.7M	-47.3M	203.83M	-530.73M	-817.05M	-68.4M	-18M
Change in Payables	-55.9M	-40.6M	102.9M	9.2M	23.51M	-54.13M	449.56M	552.92M	-319.7M	329.5M
Cash from Investing+	-170.3M	-70.5M	-5.2M	-34.1M	-60.8M	-3.74B	2.54M	-283.57M	-89.6M	40.4M
Capital Expenditures	-21.7M	-18M	-21.5M	-36.2M	-44.07M	-56.67M	-54.75M	-99.41M	-92.3M	-94.7M
CapEx % of Revenue	0%	0%	0%	0%	0.01%	0%	0%	0%	0%	0%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	3M	-1.6M	9.53M	0	0	0	1.28M	2.62M	2.7M	1.5M
Cash from Financing+	-67.8M	-276.2M	-141.2M	-275.2M	-109.77M	3.48B	-310.78M	584.03M	-403.9M	-928.3M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	-30.14M	-57.4M	-57.4M	-134M	-138.9M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-5.43M	-4.51M	-2.4M	-1.32M	-14.92M	-87.38M	-17.48M	-19.36M	-74.9M	-86.1M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	261.4M	282.2M	127.6M	260.5M	180.3M	487.26M	12.39M	-88.37M	400.9M	1.01B
FCF Margin %	0.03%	0.04%	0.02%	0.03%	0.02%	0.04%	0%	-0%	0.02%	0.05%
FCF Growth %	0.13%	0.08%	-0.55%	1.04%	-0.31%	1.7%	-0.97%	-8.13%	5.54%	1.51%
FCF per Share	5.19	5.81	2.64	5.52	4.15	10.45	0.24	-1.69	7.67	19.89
FCF Conversion (FCF/Net Income)	1.34x	2.96x	0.91x	1.31x	1.00x	5.41x	0.14x	0.01x	0.64x	1.53x
Interest Paid	66.34M	74.39M	63.8M	64.7M	65.28M	169.62M	249.7M	272.4M	386.8M	331.2M
Taxes Paid	74.21M	76.29M	65.12M	61.98M	64.53M	56.19M	118.2M	292.9M	207.9M	253.3M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	11.38%	5.44%	8.01%	10.71%	10.18%	3.59%	13.09%	20.92%	16.15%	14.36%
Return on Invested Capital (ROIC)	8.78%	7.75%	7.19%	7.94%	7.59%	4.42%	7.12%	11.64%	10.38%	8.99%
Gross Margin	19.87%	19.74%	19.33%	19.17%	18.92%	18.88%	20.82%	21.76%	21.64%	21.6%
Net Margin	2.8%	1.38%	2.13%	2.78%	2.67%	0.82%	2.55%	4.02%	3.42%	3.29%
Debt / Equity	0.86x	0.72x	0.66x	0.58x	0.65x	1.59x	1.36x	1.33x	1.19x	1.14x
Interest Coverage	5.35x	4.32x	-	5.13x	5.27x	1.53x	2.99x	4.88x	3.61x	3.35x
FCF Conversion	1.34x	2.96x	0.91x	1.31x	1.00x	5.41x	0.14x	0.01x	0.64x	1.53x
Revenue Growth	-4.7%	-2.43%	4.68%	6.48%	2.23%	47.46%	47.8%	17.58%	4.51%	-2.53%

Revenue by Segment

	2011	2012	2018	2019	2020	2021	2022	2023	2024
EES	-	-	-	-	5.48B	7.62B	8.82B	8.61B	8.55B
EES Growth	-	-	-	-	-	39.08%	15.77%	-2.41%	-0.74%
CSS	-	-	-	-	3.32B	5.72B	6.4B	7.15B	7.54B
CSS Growth	-	-	-	-	-	71.98%	12.01%	11.73%	5.38%
UBS	-	-	-	-	3.52B	4.88B	6.2B	6.62B	5.74B
UBS Growth	-	-	-	-	-	38.55%	26.93%	6.90%	-13.40%
Corporate	-	-	-	-	-	-	-	-	-
Corporate Growth	-	-	-	-	-	-	-	-	-
Service	-	-	23.3M	-	-	-	-	-	-
Service Growth	-	-	-	-	-	-	-	-	-

Revenue by Geography

	2011	2012	2018	2019	2020	2021	2022	2023	2024
UNITED STATES	-	-	6.09B	6.23B	9.11B	13.16B	15.86B	16.61B	16.19B
UNITED STATES Growth	-	-	-	2.38%	46.14%	44.43%	20.52%	4.74%	-2.52%
CANADA	900.55M	1.08B	-	1.65B	1.89B	2.75B	3.02B	2.97B	2.94B
CANADA Growth	-	20.37%	-	-	14.89%	45.18%	9.98%	-1.76%	-0.95%

Frequently Asked Questions

Valuation & Price

WESCO International, Inc. (WCC) has a price-to-earnings (P/E) ratio of 21.8x. This is roughly in line with market averages.

Growth & Financials

WESCO International, Inc. (WCC) reported $22.93B in revenue for fiscal year 2024. This represents a 274% increase from $6.13B in 2011.

WESCO International, Inc. (WCC) saw revenue decline by 2.5% over the past year.

Yes, WESCO International, Inc. (WCC) is profitable, generating $645.8M in net income for fiscal year 2024 (3.3% net margin).

Dividend & Returns

Yes, WESCO International, Inc. (WCC) pays a dividend with a yield of 0.57%. This makes it attractive for income-focused investors.

WESCO International, Inc. (WCC) has a return on equity (ROE) of 14.4%. This is reasonable for most industries.

WESCO International, Inc. (WCC) generated $250.0M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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