WESCO International (WCC) financial statements
WESCO International reported revenue of $23.5B in fiscal 2025, up 13.8% a year over 9 years.
Net income was $640M and the operating margin 5.2%, against 4.5% in 2016.
Free cash flow was $25M, and the company returned $88M in dividends and $75M in net buybacks.
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from WESCO International's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $7.3B | $7.7B | $8.2B | $8.4B | $12.3B | $18.2B | $21.4B | $22.4B | $21.8B | $23.5B |
| Cost of revenue | $5.9B | $6.2B | $6.6B | $6.8B | $10.0B | $14.4B | $16.8B | $17.5B | $17.1B | $18.5B |
| Gross profit | $1.4B | $1.5B | $1.6B | $1.6B | $2.3B | $3.8B | $4.7B | $4.8B | $4.7B | $5.0B |
| Selling, general and admin | $1.1B | $1.1B | $1.2B | $1.2B | $1.9B | $2.8B | $3.0B | $3.3B | $3.3B | $3.5B |
| Operating income | $331M | $319M | $352M | $346M | $347M | $802M | $1.4B | $1.4B | $1.2B | $1.2B |
| Pre-tax income | $132M | $252M | $281M | $282M | $123M | $582M | $1.1B | $992M | $951M | $856M |
| Income tax | $30M | $89M | $56M | $60M | $23M | $116M | $274M | $226M | $232M | $213M |
| Net income | $102M | $163M | $227M | $223M | $101M | $465M | $860M | $766M | $718M | $640M |
| EPS (diluted) | $2.10 | $3.38 | $4.82 | $5.14 | $1.51 | $7.84 | $15.33 | $13.54 | $13.05 | $13.05 |
| Diluted shares | 48M | 48M | 47M | 43M | 47M | 52M | 52M | 52M | 51M | 50M |
| Gross margin | 19.7% | 19.3% | 19.2% | 18.9% | 18.9% | 20.8% | 21.8% | 21.6% | 21.6% | 21.1% |
| Operating margin | 4.5% | 4.2% | 4.3% | 4.1% | 2.8% | 4.4% | 6.7% | 6.3% | 5.6% | 5.2% |
| Net margin | 1.4% | 2.1% | 2.8% | 2.7% | 0.8% | 2.6% | 4.0% | 3.4% | 3.3% | 2.7% |
Balance sheet
Fiscal years, from WESCO International's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $110M | $118M | $96M | $151M | $449M | $213M | $527M | $524M | $703M | $605M |
| Receivables | $1.0B | $1.2B | $1.2B | $1.2B | $2.5B | $3.0B | $3.7B | $3.6B | $3.5B | $4.1B |
| Inventory | $821M | $956M | $949M | $1.0B | $2.2B | $2.7B | $3.5B | $3.6B | $3.5B | $4.0B |
| Total current assets | $2.1B | $2.4B | $2.4B | $2.5B | $5.5B | $6.4B | $8.3B | $8.4B | $8.4B | $9.5B |
| Property, plant and equipment | $158M | $156M | $161M | $181M | $399M | $379M | $403M | $424M | $443M | $467M |
| Goodwill | $1.7B | $1.8B | $1.7B | $1.8B | $3.2B | $3.2B | $3.2B | $3.3B | $3.3B | $3.3B |
| Total assets | $4.4B | $4.7B | $4.6B | $5.0B | $11.9B | $12.6B | $14.8B | $15.1B | $15.1B | $16.5B |
| Total current liabilities | $874M | $1.0B | $1.1B | $1.1B | $3.0B | $3.0B | $3.8B | $3.4B | $3.8B | $4.3B |
| Long-term debt | $1.4B | $1.3B | $1.2B | $1.3B | $4.4B | $4.7B | $5.3B | $5.3B | $5.0B | $5.8B |
| Total liabilities | $2.5B | $2.6B | $2.5B | $2.8B | $8.5B | $8.8B | $10.4B | $10.0B | $10.1B | $11.5B |
| Shareholders' equity | $2.0B | $2.1B | $2.1B | $2.3B | $3.3B | $3.8B | $4.5B | $5.0B | $5.0B | $5.0B |
| Net debt | $1.3B | $1.2B | $1.1B | $1.1B | $4.4B | $4.5B | $4.9B | $4.8B | $4.4B | $5.2B |
Cash flow
Fiscal years, from WESCO International's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $300M | $149M | $297M | $224M | $544M | $67M | $11M | $493M | $1.1B | $125M |
| Capital spending | $18M | $22M | $36M | $44M | $57M | $55M | $99M | $92M | $95M | $100M |
| Free cash flow | $282M | $128M | $261M | $180M | $487M | $12M | -$88M | $401M | $1.0B | $25M |
| Stock-based compensation | $12M | $15M | $16M | $19M | $19M | $31M | $46M | $48M | $29M | $40M |
| Dividends paid | — | — | $0 | $0 | $30M | $57M | $57M | $77M | $82M | $88M |
| Share buybacks (net) | -$5M | -$107M | -$127M | -$150M | $0 | $0 | -$11M | -$75M | -$425M | -$75M |
| Net borrowing | -$241M | -$40M | -$127M | $58M | $3.6B | $646M | $698M | -$114M | -$278M | $704M |
| Free cash flow margin | 3.8% | 1.7% | 3.2% | 2.2% | 4.0% | 0.1% | -0.4% | 1.8% | 4.6% | 0.1% |
| Dividends per share | — | — | — | — | $0.65 | $1.10 | $1.10 | $1.46 | $1.61 | $1.79 |
Every line, every quarterThe deep dive has fifteen-plus years of statements, quarterly results, charts and valuation models for WCC.
Open WCC in InvestinglyQuestions
What was WESCO International's revenue in 2025?
$23.5B in fiscal 2025, from its 10-K filing.
How much free cash flow does WESCO International generate?
$25M in fiscal 2025 (operating cash flow minus capital spending).
From WESCO International's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.