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WCC

WESCO International, Inc.

WCC

WESCO International, Inc. • NYSE
$267.41 ▲ 1.07% (+2.83)
Market Cap $13.01 B
52w High $268.48
52w Low $125.21
Dividend Yield 1.77%
P/E 21.01
Volume 270.36K
Outstanding Shares 48.65M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $6.187B ▲ $901.9M ▼ $187.5M ▲ 3.03% ▲ $3.79 ▼ $394.5M ▲
Q2-2025 $5.9B ▲ $920.5M ▲ $174.5M ▲ 2.958% ▲ $3.88 ▲ $377.8M ▲
Q1-2025 $5.344B ▼ $884.7M ▲ $118.4M ▼ 2.216% ▼ $2.13 ▼ $289.1M ▼
Q4-2024 $5.5B ▲ $862.9M ▼ $165.4M ▼ 3.007% ▼ $3.09 ▼ $340.1M ▼
Q3-2024 $5.489B $877.1M $204.3M 3.722% $3.87 $406.5M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $571.9M ▼ $16.553B ▲ $11.712B ▲ $4.842B ▲
Q2-2025 $667M ▼ $16.203B ▲ $11.447B ▲ $4.762B ▼
Q1-2025 $681.6M ▼ $15.515B ▲ $10.485B ▲ $5.035B ▲
Q4-2024 $702.6M ▼ $15.061B ▼ $10.096B ▼ $4.971B ▼
Q3-2024 $706.8M $15.275B $10.238B $5.042B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $188.5M ▲ $-82.7M ▼ $-23.5M ▼ $14.1M ▲ $-95.1M ▼ $-95.9M ▼
Q2-2025 $174.8M ▲ $107.8M ▲ $-22.5M ▲ $-110.6M ▼ $-14.6M ▲ $86M ▲
Q1-2025 $118.3M ▼ $28M ▼ $-54.4M ▲ $2.3M ▲ $-21M ▼ $7.6M ▼
Q4-2024 $165.4M ▼ $276.6M ▼ $-209.3M ▼ $-54M ▲ $-4.2M ▲ $252.3M ▼
Q3-2024 $204.3M $302.1M $-19.4M $-292.9M $-9.7M $272.9M

Revenue by Products

Product Q2-2024Q3-2024Q4-2024Q2-2025
CSS
CSS
 $1.87Bn ▲$1.96Bn ▲$3.72Bn ▲$2.27Bn ▼
EES
EES
 $2.17Bn ▲$2.15Bn ▼$4.22Bn ▲$2.26Bn ▼
UBS
UBS
 $1.44Bn ▲$1.38Bn ▼$2.91Bn ▲$1.38Bn ▼

Five-Year Company Overview

Income Statement

Income Statement WESCO’s income statement shows a company that grew very rapidly coming out of 2020, then moved into more of a “steady but slower” phase. Revenue climbed strongly over several years and is now roughly flat to slightly down from its recent peak, which suggests the business has stabilized after a big post‑acquisition and post‑pandemic growth spurt. Profitability looks solid but under some mild pressure. Gross profit has risen meaningfully versus a few years ago, reflecting better scale and mix, but operating profit and EBITDA have slipped a bit from their high point. That usually points to higher costs, competitive pricing, or heavier investment spending weighing on margins. Net income and earnings per share surged after 2020 and remain far above where they were a few years ago, even though they have edged down from their peak. Overall, the income statement tells the story of a much larger and more profitable company than in 2020, but one that is now working harder to maintain margin quality and reignite growth.

Balance Sheet

Balance Sheet The balance sheet shows a bigger, more substantial business than a few years ago, with total assets and shareholders’ equity both clearly higher. That reflects the scale gained from acquisitions and ongoing reinvestment in the business. Debt remains significant and has not changed drastically, which means leverage is still an important feature of the capital structure. Equity has grown steadily, which helps balance that leverage, but this is not a low‑debt profile. Cash on hand is relatively modest compared to the size of the company, although it has improved versus some prior years. In simple terms: WESCO has grown into a large, asset‑heavy distributor with a meaningful but manageable debt load and a gradually strengthening equity base. The key balance‑sheet watchpoints are continued debt discipline and preserving financial flexibility through the cycle.

Cash Flow

Cash Flow Cash flow has improved notably and is a major bright spot. Operating cash flow was weak in the middle of the period, but it has bounced back strongly in the most recent years. That rebound suggests better working capital management and a maturing integration of prior acquisitions. Free cash flow has been positive in most years, with only a brief dip, and recent figures indicate the company is now consistently generating solid cash after capital spending. Investment in property and equipment is relatively modest for a business of this size, which helps support free cash flow. Overall, the recent cash‑flow pattern looks healthier than the income statement alone might suggest: even with slower profit growth, WESCO is converting more of its earnings into actual cash, strengthening its ability to service debt and fund strategic initiatives.

Competitive Edge

Competitive Edge WESCO operates from a position of scale and breadth that few industrial distributors can match. The acquisition of Anixter effectively created a global powerhouse with extensive product coverage in electrical, communications, security, and utility/broadband solutions. Its large branch and warehouse network, along with deep relationships with tens of thousands of suppliers, gives it strong purchasing power and the ability to serve complex, multinational customers. The company also pushes beyond simple product distribution into integrated supply‑chain and project solutions. Services such as inventory management, logistics support, procurement outsourcing, and just‑in‑time delivery help embed WESCO inside customers’ operations, making relationships harder to displace. That said, the industry is still competitive, with rivals like Grainger and Graybar and ongoing pricing pressure common in distribution. WESCO’s advantage depends on maintaining superior service, leveraging its scale, and continuing to differentiate through solutions and technology, rather than competing only on price.

Innovation and R&D

Innovation and R&D For a distributor, WESCO is unusually active on the innovation and digital front. Its multi‑year digital transformation program is a centerpiece strategy, aimed at modernizing e‑commerce, upgrading its supply chain systems, and embedding advanced analytics and AI into day‑to‑day operations. Key initiatives include an AI‑driven inventory control platform that fine‑tunes stock levels and reduces shortages, and smart‑building and IoT offerings such as the entroCIM platform. These tools move WESCO up the value chain—from simply shipping products to delivering data‑driven solutions and ongoing services. The opportunity is to unlock higher margins, deeper customer stickiness, and growth in areas like data centers, grid modernization, and automation. The risk is execution: large digital programs can overrun on cost or take longer than expected to deliver full benefits. Overall, though, WESCO appears to be treating technology as a core capability, not an afterthought, which is relatively distinctive in its industry.

Summary

WESCO today looks like a scaled, diversified industrial distributor that has successfully transformed itself into a much larger and more profitable enterprise versus a few years ago. Revenue and earnings are well above pre‑2020 levels, even though growth has cooled and margins have softened slightly from their peak. The balance sheet reflects that growth, with substantial assets and a growing equity base, offset by a meaningful but steady level of debt. Recent cash‑flow performance is a clear positive, showing stronger conversion of earnings into cash and healthier free cash flow. Strategically, WESCO’s competitive position rests on its scale, global reach, and service‑rich model, reinforced by a serious push into digital tools, AI‑enabled supply‑chain management, and smart‑infrastructure solutions. Its fortunes are closely tied to industrial, construction, utility, and data‑center cycles, and to its ability to execute on its digital roadmap. In combination, the financials and strategic posture describe a mature but actively evolving industrial distributor: one that has already harvested many of the benefits from consolidation and now needs disciplined execution, careful leverage management, and continued innovation to drive the next stage of performance.

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