WCC vs WSO: WESCO International and Watsco compared
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- WESCO International is the larger company, worth $16.7B, about 1.6 times Watsco.
- WESCO International grew revenue faster over the last year (+13.0% vs +2.1%).
- Watsco keeps more of each dollar of revenue as operating profit (9.4% vs 5.4%).
- On earnings, Watsco is the cheaper stock (21.3x vs 24.3x).
- WESCO International's price assumes faster free cash flow growth: about 54% a year, against 5% for Watsco (reverse DCF).
Side by side
The stronger figure is shaded where higher (or, for valuation multiples, lower) reads as better. How the implied growth works.
| Measure | WCC | WSO |
|---|---|---|
| Market cap | $16.7B | $10.5B |
| Share price | $365.69 | $279.90 |
| Revenue (last fiscal year) | $23.5B | $7.2B |
| Free cash flow (last fiscal year) | $25M | $535M |
| Revenue growth, last year | +13.0% | +2.1% |
| Revenue growth per year, last 5 fiscal years | +6.6% | +3.6% |
| Operating margin | 5.4% | 9.4% |
| Net margin | 2.8% | 6.5% |
| Return on equity | 13.6% | 15.9% |
| P/E (trailing) | 24.3x | 21.3x |
| Price / free cash flow | 660.8x | 19.7x |
| EV / EBITDA | 15.2x | 14.8x |
| FCF growth the price implies | 54.3% | 4.8% |
| Dividend yield | 0.53% | 4.6% |
| Debt / equity | 2.41x | 0.54x |
| Fundamental grade | C | C |
| Superinvestors holding it | 10 | 6 |
| Insider purchases, last 12 months | 0 | 0 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
WESCO International
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $18.2B | $12M | 4.4% |
| 2022 | $21.4B | -$88M | 6.7% |
| 2023 | $22.4B | $401M | 6.3% |
| 2024 | $21.8B | $1.0B | 5.6% |
| 2025 | $23.5B | $25M | 5.2% |
Watsco
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $6.3B | $324M | 10.0% |
| 2022 | $7.3B | $536M | 11.4% |
| 2023 | $7.3B | $526M | 10.9% |
| 2024 | $7.6B | $743M | 10.3% |
| 2025 | $7.2B | $535M | 10.0% |
Where the revenue comes from
WESCO International · by segments, 2025
CSS$9.1B39%
EES$9.0B38%
UBS$5.5B23%
Watsco · by regions, 2025
United States$6.6B91%
Latin America and Caribbean$344M5%
Canada$338M5%
Compare them in fullFifteen years of statements, quarterly results, DCF and IRR models, and any number of peers side by side.
Open WCC in InvestinglyQuestions
Which is bigger, WESCO International or Watsco?
WESCO International (WCC), at $16.7B against $10.5B.
Is WCC or WSO cheaper?
By trailing P/E, Watsco (21.3x) is cheaper than WESCO International (24.3x). A lower multiple can also mean the market expects less growth.
Which grows faster, WCC or WSO?
WESCO International: revenue grew +13.0% over the last year, against +2.1%.
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.