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Distributes electrical, communications and utility products to contractors, industrial and data-center customers.
Distributes electrical, communications and utility products to contractors, industrial and data-center customers.
Buys electrical and network products from manufacturers and resells them with a markup, adding services such as stocking customer sites, kitting and project logistics; electrical, communications and utility supply are its three businesses. The 2020 purchase of Anixter made it much larger and extended it into network cabling and security products.
Moat: narrow (scale, distribution). A large distribution network and supplier relationships built through scale and acquisitions (e.g., Anixter).
Headquarters: Pittsburgh, Pennsylvania, USA · Founded: 1922 · Employees: 21,000
Size WESCO International (WCC) is a United States Industrials company (Wholesale Distributors) with a market value of $14.2B, the 620th largest of 3,117 United States companies the cockpit tracks. Shares closed at $292.68 on 6 Nov 2026.
Performance Over six months the shares fell 17.6%, against -4.4% for the median peer and -1.1% for the United States market (cap-weighted) — 4th lowest of 21 in its peer set.
Growth Revenue grew 13.5% over the last twelve months (peer median +4.4%); the operating margin is 5.9% (peer median 9.8%).
Valuation It trades at 14.1× forward earnings against a peer median of 19.1× (5th cheapest of 21).
Price implies For today's price to make sense, revenue must grow about 10% a year for seven years (Req g). Recent delivered growth is +14%, so the hurdle is -3 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 0.5 points above its cost of capital (10.3% WACC).
Credit WESCO International has 3 bonds outstanding ($2.55B), rated BB by the agencies and trading like BB+ at a weighted spread of 156 bp.
Short interest Short interest is 2.5% of the free float (15 Oct 2026).
Next results Next results expected around 16 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $26.0B | $23.5B | $21.8B | $22.4B | $21.4B |
| Revenue growth | — | +8% | -3% | +5% | — |
| Gross profit | $5.32B | $4.74B | $4.52B | $4.66B | $4.48B |
| EBITDA | $1.82B | $1.46B | $1.45B | $1.66B | $1.68B |
| Net income | $796M | $673M | $718M | $766M | $860M |
| Free cash flow | $416M | $25.2M | $1.01B | $401M | -$88.4M |
| Capital expenditure | $125M | $99.8M | $94.7M | $92.3M | $99.4M |
| Total debt | $6.77B | $6.73B | $5.85B | $6.12B | $6.06B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| WESCO International WCC | $14.2B | -18% | +14% | 6% | 14.1× | 10.4% |
| Ferguson Enterprises FERG | $45.2B | -3% | +8% | 10% | 19.4× | 9.9% |
| Rexel RXL.PA | $11.9B | -10% | +1% | 6% | 13.5× | 7.7% |
| W. W. Grainger GWW | $67.9B | +17% | +9% | 17% | 28.2× | 11.9% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | WCC | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -17.8% | +3.3% | 2nd lowest of 21 |
| 6-month return | -17.6% | -4.4% | 4th lowest of 21 |
| Distance from 52-week high | -24.7% | -20.6% | 7th lowest of 21 |
| Revenue growth (TTM) | +13.5% | +4.4% | 5th highest of 21 |
| Operating margin | 5.9% | 9.8% | 6th lowest of 21 |
| Forward P/E | 14.1× | 19.1× | 5th cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | 10.4% | 9.7% | 9th most demanding of 20 |
| Growth delivered (Del g) | +13.8% | +9.0% | 9th highest of 20 |
| Hurdle (Req g minus delivered) | -3.4 pp | -1.3 pp | 8th least demanding of 20 |
| ROIC minus cost of capital | +0.5 pp | +3.3 pp | 7th lowest of 21 |
| EV / EBITDA | 11.1× | 12.9× | 5th cheapest of 17 |
| Net debt / EBITDA | 3.2× | 1.9× | 2nd most indebted of 18 |
| Bond spread | 156 bp | 93 bp | 2nd widest of 4 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| WESCO International WCC | United States | $14.2B | -18% | +14% | 6% | 14.1× | 10.4% | +13.8% |
| Diploma DPLM.L | United Kingdom | $12.6B | +4% | +13% | 22% | 27.5× | 23.9% | +23.1% |
| Bunzl BNZL.L | United Kingdom | $12.0B | +22% | +2% | 7% | 15.3× | 2.3% | +3.2% |
| QXO QXO | United States | $12.0B | -38% | +408% | -1% | 29.2× | 52.0% | +178.0% |
| Rexel RXL.PA | France | $11.9B | -10% | +1% | 6% | 13.5× | 7.7% | +9.0% |
| SGH SGH.AX | Australia | $11.9B | +7% | -1% | 13% | 18.1× | 11.4% | +17.0% |
| Bollore BOL.PA | France | $11.8B | -28% | -83% | -7% | 36.9× | 37.0% | -29.4% |
| Rongsheng Petrochemical 002493.SZ | China | $17.9B | -14% | -11% | 8% | 12.2× | -4.4% | +22.1% |
| Toromont Industries TIH.TO | Canada | $10.7B | -15% | +16% | 15% | 20.2× | 7.6% | +8.4% |
| Applied Industrial Technologies AIT | United States | $10.3B | -8% | +8% | 11% | 23.0× | 8.6% | +8.9% |
| Zhejiang China Commodities City 600415.SS | China | $10.0B | -7% | +22% | 22% | 14.4× | n/a | n/a |
| Brenntag BNR.DE | Germany | $10.0B | 0% | -5% | 5% | 14.5× | 1.9% | +5.2% |
| Aluminum Corporation of China 601600.SS | China | $20.7B | -26% | +5% | 18% | 6.7× | -16.2% | +5.3% |
| Hotai Motor 2207.TW | Taiwan | $8.90B | +10% | +8% | 11% | 13.2× | 1.5% | +3.9% |
| Core & Main CNM | United States | $8.76B | -6% | -1% | 10% | 14.3× | 5.3% | +16.0% |
| Kyocera 6971.T | Japan | $23.4B | +3% | +7% | 6% | 22.5× | 21.3% | +6.3% |
| Addtech ADDT-B.ST | Sweden | $8.66B | -2% | +4% | 13% | 30.7× | 19.3% | +14.9% |
| Finning International FTT.TO | Canada | $8.20B | -9% | 0% | 8% | 17.5× | 10.1% | +11.3% |
| Beijer Ref BEIJ-B.ST | Sweden | $8.09B | +27% | +4% | 10% | 28.0× | 14.0% | +21.4% |
| Reece REH.AX | Australia | $7.83B | +44% | +4% | 6% | 35.5× | 24.2% | +8.4% |
| MonotaRO 3064.T | Japan | $7.04B | +22% | +19% | 14% | 29.6× | 9.7% | +16.2% |
WESCO International has 3 bonds outstanding with $2.55B face value. The agencies rate it BB; its bonds trade like BB+. Weighted yield 6.13%, a spread of 156 bp over government bonds.