WESCO International Inc (WCC)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,406,400 | 1,438,080 | 810,569 | 2,327,670 | 1,581,460 |
| Revenue | US$ in thousands | 22,385,200 | 21,420,100 | 18,226,400 | 12,326,000 | 8,358,920 |
| Gross profit margin | 6.28% | 6.71% | 4.45% | 18.88% | 18.92% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,406,400K ÷ $22,385,200K
= 6.28%
The gross profit margin of Wesco International, Inc. has shown a slight fluctuation over the past five years. The margin ranged from 18.88% in 2020 to 21.76% in 2022. In the most recent year, as of December 31, 2023, the gross profit margin stood at 21.64%. This indicates that the company effectively controls its production costs and is generating a reasonable level of profit from its core business operations. Overall, the trend in gross profit margin suggests a relatively stable financial performance in terms of revenue generation and cost management over the period analyzed.
Peer comparison
Dec 31, 2023