WESCO International Inc (WCC)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 4,712,600 | 4,843,700 | 4,661,320 | 3,792,070 | 2,327,670 |
| Revenue | US$ in thousands | 21,818,800 | 22,385,200 | 21,420,100 | 18,217,500 | 12,326,000 |
| Gross profit margin | 21.60% | 21.64% | 21.76% | 20.82% | 18.88% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $4,712,600K ÷ $21,818,800K
= 21.60%
The gross profit margin of WESCO International Inc has shown a consistent upward trend over the past five years. Starting at 18.88% on December 31, 2020, the gross profit margin increased to 20.82% by December 31, 2021, and continued to rise to 21.76% by December 31, 2022. Although there was a slight dip to 21.64% by December 31, 2023, the margin remained relatively stable, standing at 21.60% as of December 31, 2024. This positive trend in gross profit margin indicates that the company is effectively managing its cost of goods sold and increasing its profitability on sales.
Peer comparison
Dec 31, 2024