NYSE : WCC
WESCO International, Inc. — Financial statements
Industrials · Industrial Distribution · United States
Last price 355.36 USD (Oct 30, 2026, 9:53 AM EDT) · Market cap 17.32B
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Financial statements
WESCO International, Inc. (WCC) reported revenue of 26.04B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 26.04B | 23.51B | 21.82B | 22.39B | 21.42B | 18.22B |
| Cost of Revenue | 20.44B | 18.54B | 17.11B | 17.54B | 16.76B | 14.43B |
| Gross Profit | 5.60B | 4.97B | 4.71B | 4.84B | 4.66B | 3.79B |
| Selling, General & Admin | 3.86B | 3.50B | 3.25B | 3.26B | 3.03B | 2.62B |
| Operating Expenses | 4.07B | 3.70B | 3.44B | 3.44B | 3.21B | 2.82B |
| Operating Income | 1.53B | 1.27B | 1.28B | 1.41B | 1.45B | 977.00M |
| Interest Expense | -409.20M | -386.70M | -364.90M | -389.30M | -294.40M | -268.10M |
| Currency Exchange Gain (Loss) | -7.90M | -300.00K | -25.50M | |||
| Other Non Operating Income (Expenses) | 2.20M | 2.40M | 1.20M | -24.90M | -21.80M | -5.10M |
| EBT Excluding Unusual Items | 1.12B | 886.90M | 887.00M | 992.00M | 1.14B | 703.80M |
| Merger & Restructuring Charges | -76.60M | -35.20M | -37.00M | -158.50M | ||
| Gain (Loss) on Sale of Assets | 122.20M | |||||
| Asset Writedown | -17.80M | |||||
| Other Unusual Items | 1.40M | 4.20M | -3.40M | 36.60M | ||
| Pretax Income | 1.04B | 855.90M | 951.00M | 992.00M | 1.14B | 581.90M |
| Income Tax Expense | 250.00M | 213.40M | 231.60M | 225.90M | 274.50M | 115.50M |
| Earnings From Continuing Operations | 793.10M | 642.50M | 719.40M | 766.10M | 862.20M | 466.40M |
| Minority Interest in Earnings | -2.60M | -2.30M | -1.80M | -600.00K | -1.70M | -1.00M |
| Net Income | 790.50M | 640.20M | 717.60M | 765.50M | 860.50M | 465.40M |
| Preferred Dividends & Other Adjustments | -5.30M | -5.60M | 57.40M | 57.40M | 57.40M | 57.40M |
| Net Income to Common | 795.80M | 645.80M | 660.20M | 708.10M | 803.10M | 408.00M |
| Shares Outstanding (Basic) | 48.62M | 48.70M | 49.80M | 51.10M | 50.70M | 50.30M |
| Shares Outstanding (Diluted) | 49.42M | 49.50M | 50.60M | 52.30M | 52.40M | 52.00M |
| EPS (Basic) | 16.37 | 13.26 | 13.26 | 13.86 | 15.84 | 8.11 |
| EPS (Diluted) | 16.11 | 13.05 | 13.05 | 13.54 | 15.33 | 7.84 |
| Free Cash Flow | 415.80M | 25.20M | 1.01B | 400.90M | -88.40M | 12.40M |
| Free Cash Flow Per Share | 8.41 | 0.51 | 19.89 | 7.67 | -1.69 | 0.24 |
| Dividend Per Share | 1.95 | 1.81 | 1.65 | 1.50 | ||
| Gross Margin | 21.50% | 21.15% | 21.60% | 21.64% | 21.76% | 20.82% |
| Operating Margin | 5.89% | 5.41% | 5.85% | 6.28% | 6.78% | 5.36% |
| Profit Margin | 3.06% | 2.75% | 3.03% | 3.16% | 3.75% | 2.24% |
| Free Cash Flow Margin | 1.60% | 0.11% | 4.61% | 1.79% | -0.41% | 0.07% |
| EBITDA | 1.71B | 1.44B | 1.43B | 1.55B | 1.59B | 1.15B |
| EBITDA Margin | 6.59% | 6.14% | 6.55% | 6.93% | 7.44% | 6.30% |
| D&A For EBITDA | 181.60M | 173.00M | 152.90M | 144.90M | 140.70M | 171.10M |
| EBIT | 1.53B | 1.27B | 1.28B | 1.41B | 1.45B | 977.00M |
| EBIT Margin | 5.89% | 5.41% | 5.85% | 6.28% | 6.78% | 5.36% |
| Effective Tax Rate | 23.97% | 24.93% | 24.35% | 22.77% | 24.15% | 19.85% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 842.50M | 604.80M | 702.60M | 524.10M | 527.30M | 212.58M |
| Cash & Short-Term Investments | 842.50M | 604.80M | 702.60M | 524.10M | 527.30M | 212.58M |
| Accounts Receivable | 5.05B | 4.07B | 3.45B | 3.64B | 3.69B | 2.99B |
| Other Receivables | 518.20M | 258.40M | 206.30M | 197.40M | 189.50M | 156.78M |
| Receivables | 5.57B | 4.33B | 3.66B | 3.84B | 3.88B | 3.15B |
| Inventory | 4.69B | 4.01B | 3.50B | 3.57B | 3.50B | 2.67B |
| Prepaid Expenses | 440.40M | 250.60M | 276.40M | 225.40M | 178.50M | 104.41M |
| Other Current Assets | 264.00M | 210.00M | 233.10M | 246.20M | 219.10M | |
| Total Current Assets | 11.54B | 9.46B | 8.35B | 8.39B | 8.33B | 6.35B |
| Property, Plant & Equipment | 1.40B | 1.28B | 1.09B | 1.11B | 938.60M | 806.48M |
| Goodwill | 3.38B | 3.34B | 3.28B | 3.26B | 3.24B | 3.21B |
| Other Intangible Assets | 1.77B | 1.84B | 1.92B | 1.94B | 2.03B | 2.05B |
| Long-Term Deferred Tax Assets | 47.50M | 45.70M | 41.90M | 42.30M | 34.20M | 34.19M |
| Long-Term Deferred Charges | 283.60M | 228.20M | 179.90M | 98.00M | 37.60M | |
| Other Long-Term Assets | 647.90M | 241.70M | 145.90M | 142.40M | 136.90M | 133.45M |
| Total Assets | 18.77B | 16.49B | 15.06B | 15.06B | 14.81B | 12.62B |
| Accounts Payable | 4.17B | 3.03B | 2.67B | 2.43B | 2.73B | 2.14B |
| Accrued Expenses | 338.50M | 283.30M | 242.70M | 192.10M | 269.50M | 315.40M |
| Short-Term Debt | 24.80M | 5.60M | 4.40M | 8.60M | 11.90M | 9.53M |
| Current Portion of Long-Term Debt | 58.60M | |||||
| Current Portion of Leases | 218.30M | 184.60M | 156.70M | 129.50M | 129.88M | |
| Current Unearned Revenue | 293.50M | 151.40M | 141.80M | 111.90M | 99.60M | 35.50M |
| Other Current Liabilities | 931.50M | 607.70M | 559.90M | 487.60M | 520.00M | 419.25M |
| Total Current Liabilities | 5.75B | 4.30B | 3.80B | 3.39B | 3.82B | 3.05B |
| Long-Term Debt | 5.90B | 5.71B | 5.00B | 5.28B | 5.33B | 4.68B |
| Long-Term Leases | 847.50M | 800.10M | 657.00M | 673.10M | 531.00M | 432.81M |
| Pension & Post-Retirement Benefits | 4.00M | 10.00M | 31.00M | 27.60M | 46.70M | |
| Long-Term Deferred Tax Liabilities | 448.40M | 427.20M | 415.60M | 451.90M | 460.70M | 437.44M |
| Other Long-Term Liabilities | 237.70M | 231.90M | 206.00M | 202.90M | 200.20M | 191.75M |
| Total Liabilities | 13.34B | 11.47B | 10.10B | 10.03B | 10.36B | 8.84B |
| Common Stock | 700.00K | 700.00K | 700.00K | 700.00K | 700.00K | 725.00K |
| Additional Paid-In Capital | 1.56B | 1.51B | 2.05B | 2.04B | 2.01B | 1.97B |
| Retained Earnings | 6.06B | 5.51B | 4.96B | 4.39B | 3.79B | 3.00B |
| Treasury Stock | -1.70B | -1.59B | -1.50B | -1.06B | -969.20M | -956.19M |
| Comprehensive Income & Other | -478.90M | -399.50M | -547.20M | -332.00M | -377.70M | -236.03M |
| Total Common Equity | 5.44B | 5.03B | 4.97B | 5.04B | 4.45B | 3.78B |
| Minority Interest | -6.50M | -5.20M | -5.20M | -5.20M | -4.70M | -6.31M |
| Shareholders' Equity | 5.43B | 5.03B | 4.97B | 5.03B | 4.45B | 3.78B |
| Total Liabilities & Equity | 18.77B | 16.49B | 15.06B | 15.06B | 14.81B | 12.62B |
| Total Debt | 6.77B | 6.73B | 5.85B | 6.12B | 6.06B | 5.26B |
| Net Cash (Debt) | -5.93B | -6.13B | -5.15B | -5.60B | -5.53B | -5.04B |
| Net Cash Per Share | -120.02 | -123.79 | -101.71 | -107.00 | -105.52 | -96.97 |
| Filing Date Shares Outstanding | 48.67M | 48.66M | 48.80M | 50.95M | 51.10M | 50.70M |
| Total Common Shares Outstanding | 48.67M | 48.66M | 48.79M | 50.90M | 50.76M | 50.47M |
| Working Capital | 5.78B | 5.16B | 4.55B | 5.00B | 4.51B | 3.30B |
| Book Value Per Share | 111.76 | 103.41 | 101.88 | 98.97 | 87.75 | 74.94 |
| Tangible Book Value | 298.10M | -152.00M | -234.20M | -161.00M | -819.30M | -1.47B |
| Tangible Book Value Per Share | 6.12 | -3.12 | -4.80 | -3.16 | -16.14 | -29.19 |
| Land | 29.70M | 25.30M | 25.00M | 24.60M | 25.60M | |
| Buildings | 270.80M | 246.90M | 202.60M | 169.50M | 165.69M | |
| Machinery | 318.00M | 319.00M | 308.00M | 265.90M | 249.96M | |
| Construction In Progress | 2.10M | 3.90M | 46.00M | 57.10M | 20.75M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 790.50M | 640.20M | 717.60M | 765.50M | 860.50M | 465.40M |
| Depreciation & Amortization | 181.60M | 173.00M | 152.90M | 144.90M | 140.70M | 171.10M |
| Other Amortization | 83.20M | 67.90M | 60.00M | 51.20M | 53.50M | 46.70M |
| Loss (Gain) From Sale of Assets | -122.20M | -8.90M | ||||
| Asset Writedown & Restructuring Costs | 17.80M | |||||
| Stock-Based Compensation | 67.10M | 40.50M | 28.90M | 48.10M | 46.40M | 30.80M |
| Other Operating Activities | 42.20M | 20.10M | -30.00M | -7.80M | 4.10M | -106.60M |
| Change in Accounts Receivable | -857.90M | -558.00M | -50.70M | 52.20M | -690.60M | -531.80M |
| Change in Inventory | -644.70M | -446.10M | -18.00M | -68.40M | -817.00M | -530.70M |
| Change in Accounts Payable | 801.90M | 323.70M | 329.50M | -319.70M | 552.90M | 449.60M |
| Change in Other Net Operating Assets | 77.00M | -136.30M | 15.40M | -172.80M | -139.50M | 81.50M |
| Operating Cash Flow | 540.90M | 125.00M | 1.10B | 493.20M | 11.00M | 67.10M |
| Capital Expenditures | -125.10M | -99.80M | -94.70M | -92.30M | -99.40M | -54.70M |
| Sale of Property, Plant & Equipment | 5.20M | |||||
| Cash Acquisitions | -127.80M | -36.10M | -221.30M | -186.80M | ||
| Divestitures | 354.90M | 56.00M | ||||
| Other Investing Activities | 8.80M | -4.80M | 1.50M | 2.70M | 2.60M | -4.00M |
| Investing Cash Flow | -244.10M | -140.70M | 40.40M | -89.60M | -283.60M | 2.50M |
| Short-Term Debt Issued | 23.40M | 4.30M | 17.10M | 19.50M | 14.50M | |
| Long-Term Debt Issued | 6.93B | 6.78B | 3.29B | 4.47B | 3.23B | |
| Total Debt Issued | 9.41B | 6.95B | 6.78B | 3.31B | 4.49B | 3.25B |
| Short-Term Debt Repaid | -22.30M | -4.10M | -22.70M | -19.50M | -34.80M | |
| Long-Term Debt Repaid | -6.22B | -7.05B | -3.40B | -3.77B | -3.42B | |
| Total Debt Repaid | -9.16B | -6.25B | -7.06B | -3.43B | -3.79B | -3.45B |
| Net Debt Issued (Repaid) | 249.90M | 705.50M | -278.30M | -120.00M | 697.70M | -208.70M |
| Repurchase of Common Stock | -126.80M | -112.20M | -455.90M | -143.30M | -36.90M | -27.20M |
| Preferred Dividends Paid | -27.30M | -57.40M | -57.40M | -57.40M | -57.40M | |
| Common Dividends Paid | -95.20M | -88.40M | -81.50M | -76.60M | ||
| Dividends Paid | -95.20M | -115.70M | -138.90M | -134.00M | -57.40M | -57.40M |
| Other Financing Activities | -48.40M | -30.00M | -55.20M | -6.60M | -19.40M | -17.50M |
| Financing Cash Flow | -20.50M | -92.70M | -928.30M | -403.90M | 584.00M | -310.80M |
| Foreign Exchange Rate Adjustments | -5.70M | 10.60M | -34.80M | -2.90M | 3.30M | 4.60M |
| Miscellaneous Cash Flow Adjustments | 100.00K | |||||
| Net Cash Flow | 270.60M | -97.80M | 178.50M | -3.20M | 314.80M | -236.60M |
| Free Cash Flow | 415.80M | 25.20M | 1.01B | 400.90M | -88.40M | 12.40M |
| Free Cash Flow Margin | 1.60% | 0.11% | 4.61% | 1.79% | -0.41% | 0.07% |
| Free Cash Flow Per Share | 8.41 | 0.51 | 19.89 | 7.67 | -1.69 | 0.24 |
| Levered Free Cash Flow | 385.70M | -10.10M | 1.33B | 328.96M | -93.51M | 137.83M |
| Unlevered Free Cash Flow | 628.15M | 218.49M | 1.54B | 557.48M | 75.29M | 286.20M |
| Cash Interest Paid | 365.10M | 357.40M | 331.20M | 386.80M | 272.40M | 249.70M |
| Cash Income Tax Paid | 219.00M | 237.80M | 253.30M | 207.90M | 292.90M | 118.20M |
| Change in Working Capital | -623.70M | -816.70M | 276.20M | -508.70M | -1.09B | -531.40M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 16.85B | 11.90B | 8.87B | 8.88B | 6.37B | 6.63B |
| Enterprise Value | 22.78B | 17.84B | 13.80B | 14.21B | 11.84B | 11.38B |
| Last Close Price | 343.11 | 243.46 | 178.45 | 169.81 | 121.13 | 127.31 |
| PE Ratio | 21.49 | 18.43 | 13.43 | 12.54 | 7.93 | 16.26 |
| Forward PE | 16.95 | 15.56 | 13.12 | 10.61 | 7.62 | 12.60 |
| PS Ratio | 0.65 | 0.51 | 0.41 | 0.40 | 0.30 | 0.36 |
| PB Ratio | 3.07 | 2.37 | 1.79 | 1.76 | 1.43 | 1.76 |
| P/FCF Ratio | 40.73 | 472.25 | 8.81 | 22.15 | 534.96 | |
| P/OCF Ratio | 31.31 | 95.21 | 8.05 | 18.01 | 578.69 | 98.86 |
| PEG Ratio | 1.68 | 1.56 | 1.31 | 1.06 | 0.76 | 0.64 |
| EV/Sales Ratio | 0.88 | 0.76 | 0.63 | 0.64 | 0.55 | 0.62 |
| EV/EBITDA Ratio | 13.34 | 12.35 | 9.66 | 9.16 | 7.43 | 9.91 |
| EV/EBIT Ratio | 14.92 | 14.03 | 10.81 | 10.11 | 8.15 | 11.65 |
| EV/FCF Ratio | 55.00 | 707.80 | 13.71 | 35.45 | 917.89 | |
| Debt / Equity Ratio | 1.25 | 1.34 | 1.18 | 1.22 | 1.36 | 1.39 |
| Debt / EBITDA Ratio | 3.33 | 3.84 | 3.40 | 3.38 | 3.33 | 3.83 |
| Debt / FCF Ratio | 16.29 | 267.16 | 5.81 | 15.27 | 423.81 | |
| Net Debt / Equity Ratio | 1.09 | 1.22 | 1.04 | 1.11 | 1.24 | 1.33 |
| Net Debt / EBITDA Ratio | 3.46 | 4.24 | 3.60 | 3.61 | 3.47 | 4.39 |
| Net Debt / FCF Ratio | 14.27 | 243.16 | 5.11 | 13.96 | -62.55 | 406.66 |
| Asset Turnover | 1.47 | 1.49 | 1.45 | 1.50 | 1.56 | 1.49 |
| Inventory Turnover | 4.67 | 4.94 | 4.84 | 4.96 | 5.44 | 5.97 |
| Quick Ratio | 1.11 | 1.15 | 1.15 | 1.29 | 1.15 | 1.10 |
| Current Ratio | 2.00 | 2.20 | 2.19 | 2.48 | 2.18 | 2.08 |
| Return on Equity (ROE) | 15.44% | 12.86% | 14.39% | 16.16% | 20.96% | 13.11% |
| Return on Assets (ROA) | 5.42% | 5.04% | 5.30% | 5.88% | 6.62% | 4.98% |
| Return on Invested Capital (ROIC) | 10.37% | 8.98% | 9.31% | 10.54% | 11.72% | 9.13% |
| Return on Capital Employed (ROCE) | 11.80% | 10.40% | 11.30% | 12.00% | 13.20% | 10.20% |
| Earnings Yield | 4.65% | 5.38% | 8.09% | 8.62% | 13.52% | 7.02% |
| FCF Yield | 2.45% | 0.21% | 11.35% | 4.51% | -1.39% | 0.19% |
| Dividend Yield | 0.58% | 0.74% | 0.91% | 0.86% | ||
| Payout Ratio | 12.42% | 18.07% | 19.36% | 17.51% | 6.67% | 12.33% |
| Buyback Yield / Dilution | 0.40% | 2.17% | 3.25% | 0.19% | -0.77% | -11.53% |
| Total Shareholder Return | 0.98% | 2.92% | 4.16% | 1.05% | -0.77% | -11.53% |