At a glance
WESCO International Inc is worth $16.90B, about 27 times its fiscal 2025 earnings. Revenue grew 7.8% to $23.51B in fiscal 2025, with 2.7% kept as profit; over 5 years it has grown 13.8% a year. It pays a 0.56% dividend yield, raised every year for at least 3 years, and returned $832.6M to shareholders in dividends and buybacks over FY2021–FY2025. The stock returned +58.3% over the past year with dividends reinvested and +22.4% a year over five years, against +11.5% and +11.7% for the S&P 500. At its worst it fell 67.8% in the 2020 crash (S&P 500: 33.7%) and 29.6% in the 2022 bear market (S&P 500: 24.5%), and was back at its earlier high 7 months and 2 months after the lows.
The business in plain English
Wesco International, based in Pittsburgh, is a business-to-business distributor. It purchases electrical, communications, security and utility products from more than 35,000 suppliers and distributes them to nearly 130,000 customers. Those customers include contractors, manufacturers, technology companies, telecom providers and utilities. Wesco also offers services such as supply chain management, warehousing, logistics, labeling, kitting (bundling parts into ready-to-install sets) and installation support. It runs more than 700 sites in about 50 countries.
Wesco makes money on the difference between what it pays suppliers and what it charges customers. In fiscal 2025, which ended December 31, 2025, its gross margin was 21.1%. Gross margin is the share of sales left after paying for the products. Net profit was 2.7% of sales. Sales are widely spread: the top ten customers made up about 15%, and no single customer made up more than 5%.
Fiscal 2025 revenue of $23.5 billion came from three segments. Communications & Security Solutions (38.7%) supplies data centers, network cabling and security systems such as video surveillance and access control. Electrical & Electronic Solutions (38.1%) serves construction, industrial and equipment-maker customers. Utility & Broadband Solutions (23.2%) serves power utilities, electric cooperatives, municipalities and broadband providers, mainly in the US and Canada. By region, the US provided 74% of sales, Canada 13.5% and other countries 12.5%.
Price history
The interactive chart needs JavaScript.
WCC +58.3% over the year to Oct 28, 2026, total return with dividends reinvested.
How it makes money
By business segment
| CSS | $9.10B | 38.7% |
| EES | $8.96B | 38.1% |
| UBS | $5.45B | 23.2% |
By geography
| United States | $17.39B | 74% |
| Canada | $3.19B | 13.5% |
| Other International | $2.93B | 12.5% |
Latest results
- In Q3 FY2026 (ended Sep 30, 2026), revenue was $7.23B, up 16.6% from a year earlier, and net income was $267.8M (+42.8%).
- For fiscal 2025, revenue was $23.51B (+7.8% year over year; +13.8% a year from FY2020 to FY2025) with a 2.7% net margin.
Financial health check
| Revenue growth a year (FY2020–FY2025) | +13.8% good |
|---|---|
| Operating margin | 5.2% watch |
| Free cash flow margin | 0.1% watch |
| Return on equity (FY2025) | 12.7% watch |
| Return on assets (FY2025) | 3.9% watch |
| Net cash (cash minus debt) | $-5.17B weak |
| Fiscal year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2020 | $12.33B | $100.6M | $487.3M |
| FY2021 | $18.22B | $465.4M | $12.4M |
| FY2022 | $21.42B | $860.5M | $-88.4M |
| FY2023 | $22.39B | $765.5M | $400.9M |
| FY2024 | $21.82B | $717.6M | $1.01B |
| FY2025 | $23.51B | $640.2M | $25.2M |
Valuation snapshot
| Market value | $16.90B |
|---|---|
| P/E ratio | 26.6 |
| Dividend yield | 0.56% |
Rank among 1514 US companies
Market value at each year end
WESCO International’s market value went from $3.23B at the end of 2016 to $16.90B on Oct 28, 2026, about 5.2 times as much; since the end of 2025 it is up 42%.
Show as a table
| Year end | Market value | Change |
|---|---|---|
| Oct 28, 2026 | $16.90B | +42.0% |
| 2025 | $11.90B | +34.2% |
| 2024 | $8.87B | -0.2% |
| 2023 | $8.88B | +39.5% |
| 2022 | $6.37B | -4.0% |
| 2021 | $6.63B | +68.9% |
| 2020 | $3.93B | +58.3% |
| 2019 | $2.48B | +10.8% |
| 2018 | $2.24B | -30.0% |
| 2017 | $3.20B | -0.9% |
| 2016 | $3.23B |
Price behavior
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | |
|---|---|---|---|---|---|
| WCC price data to Oct 28, 2026 | +42.6% | +58.3% | +41.4% | +22.4% | +20.6% |
Show as a table
| Year | Price data |
|---|---|
| 2026 (to date) | +42.6% |
| 2025 | +36.4% |
| 2024 | +5.1% |
| 2023 | +40.2% |
| 2022 | -4.9% |
| 2021 | +67.6% |
| 2020 | +32.2% |
| 2019 | +23.7% |
| 2018 | -29.6% |
| 2017 | +2.4% |
| 2016 | +52.4% |
| 2015 | -42.7% |
| 2014 | -16.3% |
| 2013 | +35.1% |
| 2012 | +27.2% |
| 2011 | +0.4% |
| 2010 | +95.5% |
| 2009 | +40.5% |
| 2008 | -51.5% |
| 2007 | -32.6% |
| 2006 | +37.6% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Lost 71.3% over that stretch · deepest drop along the way 75.7%, back to its old high 24.3 months after the low |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Lost 61.9% over that stretch · deepest drop along the way 67.8%, back to its old high 6.7 months after the low |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Lost 7.8% over that stretch · deepest drop along the way 29.6%, back to its old high 2.1 months after the low |
Insider activity
Form 4 filings from 2025-10-30 to 2026-10-30 (25 read): 1 open-market purchases ($351K) and 4 sales ($1.3M).
| Date | Insider | Type | Value |
|---|---|---|---|
| Aug 17, 2026 | Akash Khurana EVP, Chief Info & Digital Off. | sell | $571K |
| Aug 17, 2026 | Akash Khurana EVP, Chief Info & Digital Off. | sell | $543K |
| Aug 4, 2026 | Daniel J Castillo EVP & GM, EES | buy | $351K |
| Aug 17, 2026 | Akash Khurana EVP, Chief Info & Digital Off. | sell | $133K |
| Aug 12, 2026 | Laura K Thompson Director | sell | $99K |
Who owns it
Large shareholders (13G filings)
| BlackRock, Inc. | 8.9% | Jun 30, 2026 |
| BlackRock Portfolio Management LLC | 8.2% | Sep 30, 2026 |
| Vanguard Capital Management | 5.24% | Mar 31, 2026 |
| Wellington Management Group LLP | 4.1% | Jun 30, 2026 |
| SteelMill Master Fund LP | 0.6% | Jun 30, 2025 |
ETFs with the most weight in WCC
| PJFM PGIM Jennison Focused Mid-Cap ETF | 2.05% |
| RSHO Tema American Reshoring ETF | 1.87% |
| CALF Pacer US Small Cap Cash Cows ETF | 1.38% |
| FXR First Trust Industrials/Producer Durables AlphaDEX Fund | 1.27% |
| SMOT VanEck Morningstar SMID Moat ETF | 1.18% |
| SYLD Cambria Shareholder Yield ETF | 0.91% |
| TAX Cambria Tax Aware ETF | 0.89% |
| RWK Invesco S&P MidCap 400 Revenue ETF | 0.89% |
What could go wrong
- Cash can get tied up in inventory. Holding inventory and waiting on customer payments ties up cash. Free cash flow, the cash left after running and investing in the business, fell from $1.0 billion in fiscal 2024 to $25.2 million in fiscal 2025.
- Thin margins leave little room for error. Wesco kept about 2.7 cents of profit per dollar of sales in fiscal 2025, when net income fell 10.8% despite 7.8% sales growth. Competition, product cost swings and shortages can erode that thin cushion.
- Tariffs could raise costs and hurt demand. Wesco purchases products made around the world. Shifting US 'reciprocal' tariffs and foreign retaliation could raise costs and stretch delivery times. Wesco may not be able to pass those costs to customers quickly.
- A large debt load. As of June 30, 2026, Wesco had $5.9 billion of debt against $809 million of cash and investments. Higher interest rates raise borrowing costs, and loan covenants (rules set by lenders) can limit its flexibility.
- Fewer projects would mean less demand. Wesco supplies projects such as data centers, hospitals, transit systems and power plants. A weaker economy or costlier financing can delay or cancel projects, which cuts demand for its products.
- Dependence on a group of key suppliers. Wesco's ten largest suppliers made up about 32% of fiscal 2025 purchases. Losing a major supplier could cut sales and margins, though no single supplier exceeded 6% of purchases.
Recent events
- Quarterly results released; Investor presentation or announcement
- Major agreement signed; New debt or financial obligation
- Quarterly results released; Investor presentation or announcement
- Executive or board change; Shareholder vote results
- Quarterly results released; Investor presentation or announcement
- Major agreement signed; New debt or financial obligation
- Other company announcement
- Executive or board change
- Executive or board change; Investor presentation or announcement
- Quarterly results released; Investor presentation or announcement
For income and retirement investors
Wesco pays a small dividend. The yield was 0.56% as of October 28, 2026, so returns would rest mainly on the share price. Dividends per share rose each year from $1.46 in fiscal 2023 to $1.79 in fiscal 2025. But the filings show no per-share dividend for fiscal 2021 or 2022, so the record of increases is short. The fiscal 2025 dividend used about 14% of earnings. Even so, the $88.4 million paid was more than free cash flow (cash left after running and investing in the business), which was $25.2 million. Buybacks were bigger: $586.1 million over fiscal 2021–2025, versus $246.5 million in dividends.
The shares dropped 75.7% between October 2007 and November 2008 and did not recover until December 2010. In the 2020 COVID crash they fell 67.8%, then regained their peak by October 2020. The one-year beta, a gauge of swings relative to the market, was 2.07 as of October 28, 2026. Single stocks carry more risk than diversified funds.
Questions investors ask
How does Wesco make money?
Wesco makes money by purchasing products from more than 35,000 suppliers and distributing them, along with supply chain and installation services, to nearly 130,000 business customers. Fiscal 2025 revenue was $23.5 billion. Its gross margin, the share of sales left after paying for products, was 21.1%, and net profit was 2.7% of sales. Communications & Security Solutions provided 38.7% of revenue, Electrical & Electronic Solutions 38.1% and Utility & Broadband Solutions 23.2%.
Is Wesco a data center stock?
Partly. Wesco describes its Communications & Security Solutions segment as a global leader in data center, network infrastructure and security solutions. That segment made up 38.7% of fiscal 2025 revenue, and it draws on the other two segments for data center work. The company lists AI-driven data centers among its long-term growth trends. But the segment also covers security systems and building networks, and Wesco's segment figures don't show exactly how much revenue comes from data centers.
Does Wesco raise its dividend every year?
It raised it in both fiscal 2024 and fiscal 2025, but the record is short. Dividends per share went from $1.46 in fiscal 2023 to $1.61 in fiscal 2024 and $1.79 in fiscal 2025. The filings show no per-share dividend for fiscal 2021 or 2022. The fiscal 2025 dividend used about 14% of earnings. The yield was 0.56% as of October 28, 2026, so the income is modest.
How much debt does Wesco have?
As of June 30, 2026, Wesco had about $5.9 billion of total debt and $809 million of cash and investments. That left net debt of about $5.1 billion. Shareholders' equity was $5.2 billion. The 10-K says the debt requires regular payments and that loan agreements include covenants (rules that limit certain actions). It also says interest rate changes affect borrowing costs. A September 21, 2026 filing reported a new major agreement and a new debt obligation.
How did WCC stock do in past market crashes?
It fell sharply. The shares dropped 75.7% from October 2007 to November 2008 and did not regain their peak until December 2010. In the 2020 COVID crash they fell 67.8%, then recovered by October 2020. In 2022 they fell 29.6% and recovered by September 2022. As of October 28, 2026, the one-year beta, a measure of swings relative to the market, was 2.07. Over the previous 10 years, the share price had gained an average of 20.6% a year.