WESCO INTERNATIONAL INC
$321.79
−5.43 (−1.66%) · delayed · Nov 13, 2026
Five-year price
52w $240.55 to $388.64
- Market cap
- $15.7B
- Enterprise value
- $20.8B
- P/E
- 24.7×
- 24.4× on 3y avg EPS
- EV / EBIT
- 16.9×
- FCF yield
- 0.2%
- ROIC
- 9.1%
- Debt / equity
- 1.15
- Piotroski F
- 4/9
Value scorecard · FY2025
Does it pass the value tests?
Quality
33
- ○ROIC > 12% (5y avg)5y avg ROIC 9.9%
- ○ROE > 15% (5y avg)5y avg ROE 14.8%
- ●Stable operating marginsMargin volatility 0.8% (σ, 5y)
- ○Earnings convert to cashFCF / net income 38% (5y avg)
- ●Growing revenueRevenue CAGR 5y 13.8%
- ○Shrinking share countDiluted shares 6.2% over 5y
Value
0
- ○P/E below 15P/E 24.7
- ○EV/EBIT below 12EV/EBIT 16.9
- ○FCF yield above 6%FCF yield 0.2%
- ○Price below Graham NumberGraham Number $174.23
- ○P/B below 3P/B 3.1
Safety
20
- ○Debt / equity below 0.5D/E 1.15
- ○Debt payable in < 4 yrs of earningsNet debt $5.2B
- ○Interest coverage > 8xCoverage 3.4x
- ●Current ratio > 1.5Current ratio 2.20
- ○Piotroski F-score ≥ 6F-score 4/9
Graham Defensive
57
- ●Adequate size (revenue > $2B)Revenue $23.5B
- ●Strong condition (current ratio ≥ 2)Current ratio 2.20
- ●Earnings stability (no loss, 10y)10 years of data
- ○Uninterrupted dividendsDividends paid every year on record
- ●Earnings growth ≥ 33% (10y, 3y avgs)EPS growth 285%
- ○Moderate P/E (≤ 15 on 3y avg EPS)P/E (3y avg) 24.4
- ○P/E × P/B ≤ 22.5Product 75.8
Valuation lab
What do you have to believe?
At $321.79, the market is pricing in about 59.1% annual free-cash-flow growth for the next decade (9% discount rate, 2.5% terminal growth).
Starting cash flow
Net debt $5.2B · 49M shares · 5y revenue CAGR 13.8%
Intrinsic value
$-86.89
Price
$321.79
Margin of safety
470%
What the price implies
The market is paying for 59.1% annual cash-flow growth for 10 years at a 9.0% discount rate.
Terminal value share
66% of the value sits beyond year 10.
Financial statements
A decade of the record.
USD millions · fiscal years · source: SEC 10-K XBRL
| Line item | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 7,336 | 7,679 | 8,177 | 8,359 | 12,326 | 18,218 | 21,420 | 22,385 | 21,819 | 23,511 |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Operating income | 331 | 319 | 352 | 346 | 347 | 802 | 1,438 | 1,406 | 1,223 | 1,233 |
| Operating margin | 4.5% | 4.2% | 4.3% | 4.1% | 2.8% | 4.4% | 6.7% | 6.3% | 5.6% | 5.2% |
| Pre-tax income | 132 | 252 | 281 | 282 | 123 | 582 | 1,137 | 992 | 951 | 856 |
| Income tax | 30 | 89 | 56 | 60 | 23 | 116 | 275 | 226 | 232 | 213 |
| Net income | 102 | 163 | 227 | 223 | 101 | 465 | 861 | 766 | 718 | 640 |
| EPS (diluted) | 2.10 | 3.38 | 4.82 | 5.14 | 1.51 | 7.84 | 15.33 | 13.54 | 13.05 | 13.05 |
| Diluted shares | 48 | 48 | 47 | 43 | 47 | 52 | 52 | 52 | 51 | 50 |
Who owns it