WESCO International, Inc.WCC
NYSE•Industrials•Industrial Distribution
WESCO 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 & Broadband Solutions (UBS). The EES segment offers 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 project execution solutions, direct and indirect manufacturing supply chain optimization programs, lighting and renewables advisory services, and digital and automation solutions. The CSS segment provides data center, network infrastructure, and security solutions. This segment sells products directly to security and network, professional audio/visual, and systems integrators, as well as data communications contractors. It also provides professional A/V, safety, facilities, and energy management solutions. The UBS segment offers products and services to investor-owned utilities, electric power cooperatives and municipalities, service and wireless providers, broadband operators, and contractors. This segment's products include wires and cables, transformers, transmission and distribution hardware, switches, protective devices, connectors, lighting and connectivity products, conduits, fiber and power cables, pole line hardware, racks, cabinets, safety and MRO products, and wireless devices. It also offers fiber project management, high and medium voltage project design and support, pre-wired meters and capacitor banks, meter testing and advanced metering infrastructure installation, personal protective equipment, dielectric testing, and tool repair, as well as emergency response, storage yard, materials, and logistics management solutions. The company was founded in 1922 and is headquartered in Pittsburgh, Pennsylvania.
WESCO International, Inc. (WCC) reported trailing twelve months revenue of $24.25B as of March 2026, a 11.2% increase year-over-year. Quarterly revenue reached $6.08B, reflecting continued top-line momentum.
WESCO International, Inc. generated $675.60M in TTM net income, with quarterly EBITDA of $344.20M. The operating margin expanded from 4.5% to 4.8%, suggesting improving cost efficiency and pricing discipline.
The spread between operating margin (4.8%) and net margin (2.5%) indicates tight cost control with minimal non-operating drag. Net margin has improved from 2.2% a year ago, signaling stronger bottom-line efficiency.
WCC trades at a P/E of 18.5x (in line with broad market averages) and a P/S of 0.5x. The price-to-book ratio of 2.5x reflects a moderate premium to book value.
The company generated $198.00M in free cash flow over the trailing twelve months, a 2505.3% increase year-over-year, indicating cash generation ability. The balance sheet shows $16.96B in total assets with $5.74B in long-term debt against $5.10B in stockholders equity for a debt-to-equity ratio of 1.1. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are positive at ~5.4% on average, but show some variability — pricing power may be sensitive to market conditions.
ROE is positive at ~13.8% on average, adequate but below the threshold typically associated with wide moats.
6 of the last 8 quarters generated positive FCF. The company generally funds itself but has occasional cash consumption quarters.
Revenue shows resilience with 5 of 7 quarters posting growth — demand is generally stable but has seen some soft patches.
Data-driven red flags and warnings across 21 quarters
Margins are stable or improving at ~5.3% — no sign of cost or pricing stress.
FCF consistently trails net income (avg 0.4x) — earnings may be inflated by non-cash items or aggressive accounting.
D/E ratio is 1.1 — conservative capital structure with low financial risk.
Revenue is stable or growing over recent quarters — demand appears durable.
FCF turned negative in 2 of the last 8 quarters — occasional cash consumption.
Shares decreased 3.0% — net buybacks are reducing shares outstanding and boosting per-share value.