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Friday 6 November 2026
Export WCC’s income statement to Excel — free account
WESCO International, Inc.
WCC Industrials Industrial Distribution
WESCO International, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $23.5 billion, up 7.76% from fiscal 2024.
- Revenue
- +16.6%
- EPS
- +45.5%
- Free cash flow
- +271.9%
- Total debt
- +4.48%
Quarter to September 2026, against a year earlier
289.23
27.49
−8.68%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Sep ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | 7,336 | 7,679 | 8,177 | 8,359 | 12,326 | 18,218 | 21,420 | 22,385 | 21,819 | 23,511 | 26,040 | +13.8% | 26,880 | 28,994 | 30,632 | +9.2% | |
| Gross margin, % | 19.74 | 19.33 | 19.17 | 18.92 | 18.88 | 20.82 | 21.76 | 21.64 | 21.60 | 21.15 | 21.50 | +1.4 pt | ||||||
| EBT | 132 | 252 | 281 | 282 | 123 | 582 | 1,137 | 992 | 951 | 856 | 1,043 | +23.1% | ||||||
| EBT margin, % | 1.79 | 3.29 | 3.44 | 3.37 | 1.00 | 3.19 | 5.31 | 4.43 | 4.36 | 3.64 | 4.01 | +1.9 pt | ||||||
| Net income | 101 | 163 | 225 | 222 | 100 | 466 | 862 | 766 | 719 | 643 | 793 | +22.8% | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | 166.29 | 160.48 | 175.01 | 193.92 | 266.95 | 362.18 | 422.49 | 438.07 | 438.13 | 482.77 | 534.70 | +12.6% | |||||
| Earnings | 2.10 | 3.38 | 4.82 | 5.14 | 1.51 | 7.84 | 15.33 | 13.54 | 13.05 | 13.05 | 16.19 | +22.5% | ||||||
| Cash flow | 6.81 | 3.12 | 6.35 | 5.21 | 11.78 | 1.33 | 0.22 | 9.65 | 22.11 | 2.57 | 11.11 | (10.3%) | ||||||
| Capex | (0.22) | (0.31) | (0.51) | (0.63) | (1.08) | (0.98) | (1.96) | (1.81) | (1.90) | (2.05) | (2.57) | +28.3% | ||||||
| Free cash flow | 6.59 | 2.81 | 5.84 | 4.57 | 10.70 | 0.35 | (1.74) | 7.85 | 20.21 | 0.52 | 8.54 | (24.6%) | ||||||
| Book value | 44.51 | 44.23 | 45.58 | 52.40 | 72.26 | 75.07 | 87.76 | 98.47 | 99.71 | 103.21 | 111.56 | +9.8% | ||||||
| Shares, m | 44 | 48 | 47 | 43 | 46 | 50 | 51 | 51 | 50 | 49 | 49 | +1.1% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | 32.17 | 19.82 | 9.96 | 11.51 | 56.07 | 16.78 | 8.13 | 12.82 | 13.85 | 18.73 | 17.86 | 20.0 | |||||
| P/S | 0.41 | 0.42 | 0.27 | 0.31 | 0.29 | 0.36 | 0.30 | 0.40 | 0.41 | 0.51 | 0.54 | 0.4 | ||||||
| P/B | 1.52 | 1.51 | 1.05 | 1.13 | 1.09 | 1.75 | 1.42 | 1.76 | 1.81 | 2.37 | 2.59 | 1.5 | ||||||
| EV/Sales | 0.58 | 0.58 | 0.41 | 0.44 | 0.66 | 0.61 | 0.52 | 0.61 | 0.61 | 0.73 | 0.74 | 0.6 | ||||||
| EV/FCF | 14.64 | 32.94 | 12.35 | 18.74 | 16.35 | 631.67 | (126.84) | 34.09 | 13.29 | 678.20 | 46.30 | 132.5 | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | 300 | 149 | 297 | 224 | 544 | 67 | 11 | 493 | 1,101 | 125 | 541 | (9.3%) | |||||
| Capex | (10) | (15) | (24) | (27) | (50) | (49) | (99) | (92) | (95) | (100) | (125) | +29.7% | ||||||
| Free cash flow | 291 | 134 | 273 | 197 | 494 | 18 | (88) | 401 | 1,007 | 25 | 416 | (23.8%) | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | 1,229 | 1,368 | 1,324 | 1,456 | 2,520 | 3,300 | 4,513 | 5,003 | 4,547 | 5,159 | 5,784 | +17.3% | |||||
| Net debt | 1,275 | 1,231 | 1,127 | 1,133 | 4,450 | 4,498 | 4,889 | 4,798 | 4,362 | 5,177 | 5,165 | +16.8% | ||||||
| Shareholders’ equity | 1,964 | 2,116 | 2,130 | 2,259 | 3,336 | 3,776 | 4,450 | 5,032 | 4,966 | 5,026 | 5,433 | +11.0% | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | 2.26 | 3.57 | 4.87 | 4.64 | 0.83 | 3.33 | 5.86 | 4.74 | 4.38 | 4.09 | 4.50 | +1.8 pt | |||||
| ROIC | 6.38 | 5.96 | 6.76 | 6.38 | 2.79 | 6.06 | 9.62 | 8.94 | 8.20 | 7.55 | 8.56 | +1.2 pt | ||||||
| ROE | 5.44 | 8.01 | 10.71 | 10.18 | 2.52 | 11.47 | 19.53 | 14.94 | 13.21 | 12.93 | 15.49 | +7.5 pt | ||||||
| People | ||||||||||||||||||
| People | Employees | 9,000 | 9,100 | 9,100 | 9,500 | 18,000 | 18,000 | 20,000 | 20,000 | 20,000 | 21,000 | — | +9.9% | |||||
| Revenue/emp, $m | 0.82 | 0.84 | 0.90 | 0.88 | 0.68 | 1.01 | 1.07 | 1.12 | 1.09 | 1.12 | — | +3.6% | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 2 Nov 2026
Business profile
Where the money comes from and where it goes Fiscal 2025
| CSS | 9,101 | 38.71% |
|---|---|---|
| EES | 8,956 | 38.09% |
| UBS | 5,454 | 23.20% |
| Gross margin | 21.15% | |
| Operating margin | 5.24% | |
| Pre-tax margin | 3.64% |
WESCO International, Inc. vs peers in Industrial Distribution (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| WSO.B Watsco, Inc. | $16.0B | 27.2× | — | +2.06% (above 0%: growing) | −11.50% (below 0%: shrinking) | +17.57% (above 0%: growing) | 27.50% | 11.32% | Compare |
| WCC WESCO International, Inc. | $13.9B | 17.9× | 19.2× | +16.57% (above 0%: growing) | +45.47% (above 0%: growing) | +271.85% (above 0%: growing) | 21.67% | 6.24% | |
| WSO Watsco, Inc. | $13.0B | 27.0× | 26.4× | +7.42% (above 0%: growing) | −11.50% (below 0%: shrinking) | −8.87% (below 0%: shrinking) | 26.41% | 10.14% | Compare |
| QXO QXO, Inc. | $12.1B | — (loss-making) | — (loss-making) | +70.30% (above 0%: growing) | n/m | −27.62% (below 0%: shrinking) | 24.74% | (1.29%) | Compare |
| AIT Applied Industrial Technologies, Inc. | $10.3B | 24.7× | 24.2× | +7.64% (above 0%: growing) | +12.65% (above 0%: growing) | −34.44% (below 0%: shrinking) | 30.38% | 11.12% | Compare |
| CNM Core & Main, Inc. | $8.9B | 19.3× | 16.8× | +2.48% (above 0%: growing) | +8.45% (above 0%: growing) | +83.33% (above 0%: growing) | 26.71% | 10.58% | Compare |
| POOL Pool Corporation | $7.7B | 19.8× | 18.9× | +3.71% (above 0%: growing) | 0.00% | +52.83% (above 0%: growing) | 28.99% | 11.44% | Compare |
| XMTR Xometry, Inc. | $6.3B | — (loss-making) | — (loss-making) | +39.69% (above 0%: growing) | n/m | −327.10% (below 0%: shrinking) | 39.09% | 0.02% | Compare |
| MSM MSC Industrial Direct Company, Inc. | $6.2B | 27.8× | 29.0× | +10.32% (above 0%: growing) | −14.85% (below 0%: shrinking) | +8.93% (above 0%: growing) | 40.64% | 6.75% | Compare |
| Median of peers | $9.6B | 25.9× | 24.2× | +7.53% | −5.75% | +0.03% | 28.25% | 10.36% |
From the latest earnings call
- John Engel said data-center demand remained a key driver, while sales excluding data centers also grew across WESCO’s diversified portfolio.
- Neil Dev said WESCO raised its full-year sales, adjusted EBITDA and adjusted EPS outlook after the first-half results and continued business momentum.
Largest institutional holders 13F, quarter to 30 June 2026
Held by institutions
96.66%
Held by the ten largest
48.70%
| Holder | Shares | Stake | Change |
|---|---|---|---|
| BlackRock | 8.96m | 18.38% | −431.84k |
| Vanguard | 4.66m | 9.56% | +20.17k |
| Wellington Management | 2.02m | 4.14% | −1.58m |
| Dimensional Fund Advisors | 2.01m | 4.13% | −219.45k |
| State Street | 1.52m | 3.11% | +50.57k |
| Invesco | 971.59k | 1.99% | −537.96k |
| Jane Street | 946.59k | 1.94% | +933.49k |
| Geode Capital Management | 927.92k | 1.90% | −10.34k |
| Norges Bank | 860.37k | 1.77% | +860.37k |
| Bank of America | 857.78k | 1.76% | −104.97k |
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.
Pay and ownership Proxy statement filed 17 April 2026
Chief executive’s pay
| Year | Total pay | Actually paid | $100 invested |
|---|---|---|---|
| 2025 | 12.31m | 19.26m | 320.59 |
| 2024 | 11.46m | 2.07m | 234.96 |
| 2023 | 10.33m | 30.26m | 223.59 |
| 2022 | 11.16m | 15.46m | 159.49 |
| 2021 | 9.86m | 38.81m | 167.63 |
Ownership
Directors and executive officers, together
2.60%
BlackRock Portfolio Management LLC
10.10%
The Vanguard Group
9.90%
Wellington Group Holdings LLP
5.70%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards
at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s
shares at the start of the earliest year shown was worth at each year’s end.
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more.
Read the proxy statement
WESCO International, Inc. (WCC) Latest News
2 Nov
29 Oct
8 Oct
31 Jul
WCC metrics, ten years each
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
WESCO International is a business-to-business distributor based in Pittsburgh, Pennsylvania. Founded in 1922, it is led by Chairman, President and Chief Executive Officer John J. Engel. The company supplies products and services to contractors, manufacturers, technology companies, telecommunications providers and utilities.
Wesco connects customers with products made by thousands of suppliers. These range from electrical equipment, wire and cable to network infrastructure, security systems and equipment used on power grids. Customers use them in projects and operations such as building data centers, maintaining factories and expanding electricity and broadband networks.