One-glance verdict
Overvalued
$36.22 our estimate vs market $356.32
Wall Street consensus: $397.09 (996.3% higher than our fair-value estimate)
884% above our estimate, beyond the bull case
Fundamentals snapshot
WESCO International, Inc.
WCC · NYQ · Industrials · Industrial Distribution
Current price
$356.32
52-week range
$203.40 - $385.37
Market cap
$17.36B
Balance sheet
Stretched
3.19x Stretched
Net debt $5.90B. Interest coverage shows how many times profit covers the interest bill.
What stands out
3 Rewards
3 Risks
3 rewards · 3 risks
- Reward Revenue grew 6.4% last year.
- Reward Returns 14.3% on equity, ahead of 16% of its peers.
- Risk Stock trades 83.7% above its 5-year average P/E.
- Risk Net debt grew 9.8% over 3 years.
What this company does
WESCO International, Inc.
WESCO is a giant wholesale supplier for other businesses, selling the essential electrical, communications, and utility parts needed to build and maintain everything from data centers to the power grid. As a key player in the supply chain (the journey a product takes from the factory to the customer), the company's sales are closely tied to overall construction and infrastructure spending in the economy. This means its performance can be an indicator of broader economic health.
How the company got here
WESCO was originally started in 1922 as the distribution part of Westinghouse Electric, a major manufacturer. For decades, it operated as a seller of Westinghouse's electrical products. A major turning point came in 2020 when WESCO acquired Anixter International, a large distributor of communications and security products, for about $4.5 billion. This deal roughly doubled the company's size and created a much more diversified business. This combination transformed WESCO into a global leader in distributing not just electrical supplies, but also products for data networks, security systems, and utilities.
What it actually does
Think of WESCO as a giant specialty hardware store and logistics (the detailed organization and implementation of a complex operation) provider for businesses. Instead of selling to individuals, it sells a huge variety of technical products to other companies, contractors, and government agencies. WESCO buys these items from thousands of manufacturers and then resells and delivers them to customers who are building, connecting, and powering things like buildings, data centers, and the electrical grid. Beyond just selling products, the company also provides services that help customers manage their supply chain (the entire process of making and selling commercial goods, including every stage from the supply of materials and the manufacture of the goods through to their distribution and sale).
Electrical & Electronic Solutions (EES)
This is WESCO's traditional and largest business, making up about 38% of its sales. It provides all the essential electrical gear that construction companies and industrial businesses need, like wires, lighting, and safety equipment. Customers for this segment are typically electrical contractors, factories, and other large industrial facilities. They pay WESCO for the products and for services that help them manage their building or manufacturing projects more efficiently.
Communications & Security Solutions (CSS)
This part of the company, which accounts for about a third of sales, focuses on the technology that connects and protects buildings and data centers. It sells things like networking cables, video surveillance cameras, and access control systems. The main customers are businesses upgrading their IT infrastructure, security system installers, and companies that build and operate large data centers. This segment has been a key growth area, especially with the increasing need for data storage and secure networks.
Utility & Broadband Solutions (UBS)
This segment, representing just under a third of the company's business, serves the big infrastructure providers. It supplies products like transformers, poles, and fiber optic cables to electric utility companies and broadband (high-speed internet) operators. These customers are building and maintaining the power grid and the communication networks that bring electricity and internet service to homes and businesses. WESCO helps them get the critical parts they need to keep these essential services running.
What management is betting on now
WESCO's leadership is focused on several key trends they believe will drive future growth. These include the global push toward electrification, such as with electric vehicles and renewable energy, and the expansion of data centers to support artificial intelligence and cloud computing. They are also capitalizing on the need to modernize the electrical grid and expand broadband internet access. A major priority is to continue integrating their digital tools and supply chain expertise to become a more essential partner to their customers, not just a supplier of parts.
Price history
How the share price has moved
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Loading price history…
Earnings history
Last 8 quarters — what happened
Click any quarter to read the call summary and what the numbers say.
FY2024 Q3
$272.90M
FY2024 Q4
$252.30M
FY2025 Q1
$7.60M
FY2025 Q2
$86.00M
FY2025 Q3
$-95.90M
FY2025 Q4
$27.50M
FY2026 Q1
$198.00M
FY2026 Q2
$25.50M
Revenue
$6.67B
Net income
$209.00M
Diluted EPS
4.23
Operating cash flow
$53.70M
Free cash flow
$25.50M
Fetching…
Sources
Revenue
$6.08B
Net income
$153.80M
Diluted EPS
3.11
Operating cash flow
$221.40M
Free cash flow
$198.00M
Fetching…
Sources
Revenue
$6.07B
Net income
$159.80M
Diluted EPS
3.33
Operating cash flow
$71.90M
Free cash flow
$27.50M
Fetching…
Sources
Revenue
$6.20B
Net income
$187.50M
Diluted EPS
3.79
Operating cash flow
$-82.70M
Free cash flow
$-95.90M
Fetching…
Sources
Revenue
$5.90B
Net income
$174.50M
Diluted EPS
3.83
Operating cash flow
$107.80M
Free cash flow
$86.00M
Fetching…
Sources
Revenue
$5.34B
Net income
$118.40M
Diluted EPS
2.10
Operating cash flow
$28.00M
Free cash flow
$7.60M
Fetching…
Sources
Revenue
$5.50B
Net income
$165.40M
Diluted EPS
3.01
Operating cash flow
$276.60M
Free cash flow
$252.30M
Fetching…
Sources
Revenue
$5.49B
Net income
$204.30M
Diluted EPS
3.81
Operating cash flow
$302.10M
Free cash flow
$272.90M
Fetching…
Sources
Is it cheap or expensive?
Fair value $36.22 vs current price $356.32
Wall Street consensus is the average analyst price target: $397.09 (996.3% higher than our fair-value estimate).
Our most-likely fair value is $36.22 a share — about 89.8% below today's price of $356.32, so the stock currently looks expensive (overvalued).
Is it drowning in debt?
Stretched
Net debt $5.9B. Interest coverage 3.2x.
Net debt
$5.90B
Interest coverage
3.19x
WESCO International, Inc.'s profit covers its interest bill about 3.2 times over. which is weaker than most peers shown here.
Stretched
Worse cushion
Baseline
Better cushion
WCC
BASELINE
WESCO International, Inc.
Total debt $6.71B Interest coverage 3.19x This is the baseline the peer rows are being compared against.
Total debt $483.44M Interest coverage 31.60x +891% vs WCC Carries about 9.9x more debt cushion than WCC.
Total debt $2.80B Interest coverage 30.80x +866% vs WCC Carries about 9.7x more debt cushion than WCC.
Total debt $441.50M Interest coverage 267.05x +8,275% vs WCC Carries about 83.8x more debt cushion than WCC.
Total debt $555.42M Interest coverage 12.99x +307% vs WCC Carries about 4.1x more debt cushion than WCC.
What you should know
The case for and against WCC
3 Rewards
3 Risks
Rewards
-
Revenue grew 6.4% last year.
-
Returns 14.3% on equity, ahead of 16% of its peers.
-
Free cash flow was positive in 9/10 years.
Risks
-
Stock trades 83.7% above its 5-year average P/E.
-
Net debt grew 9.8% over 3 years.
-
Operating margin compressed from 6.7% to 6.1% over 3 years.
The numbers
All the key metrics, grouped by purpose
Tap any ? icon to learn what it means.
Valuation
How expensive the stock looks
P/E (TTM)
24.62x
Forward P/E
17.78x
P/B
3.45x
P/S
0.69x
EV/EBITDA
14.65x
PEG ratio
1.52x
Profitability
How much profit each dollar creates
Gross margin
21.4%
Operating margin
6.1%
Net margin
2.8%
ROE
14.3%
ROA
5.2%
Health
Liquidity and balance-sheet strength
Debt / equity
1.29x
Current ratio
2.09x
Quick ratio
1.16x
Total debt
$6.71B
Total cash
$808.90M
Growth
How the business has been compounding
Revenue TTM
$25.01B
Revenue 5Y CAGR
6.6%
EPS TTM
14.47
EPS 5Y CAGR
-5.2%
Cash flow
How much cash the business throws off
Operating CF TTM
$264.30M
Free CF TTM
$25.20M
FCF margin
0.1%
Dividend
Shareholder payout
Yield
0.6%
Payout ratio
13.2%
Last ex-div date
2026-09-11