WESCO International Inc (WCC)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 4,621,000 | 4,627,800 | 4,637,100 | 4,727,600 | 4,843,700 | 4,891,160 | 4,873,680 | 4,820,680 | 4,661,290 | 4,450,910 | 4,254,380 | 4,030,137 | 3,792,063 | 3,556,134 | 3,333,686 | 2,762,304 | 2,327,666 | 1,945,509 | 1,560,164 | 1,575,389 |
| Revenue (ttm) | US$ in thousands | 21,818,800 | 21,792,500 | 21,947,500 | 22,213,300 | 22,385,200 | 22,470,290 | 22,271,810 | 22,009,810 | 21,420,090 | 20,713,520 | 19,995,920 | 19,108,210 | 18,217,510 | 17,494,430 | 16,907,910 | 14,398,830 | 12,326,000 | 10,296,610 | 8,302,920 | 8,366,310 |
| Gross profit margin | 21.18% | 21.24% | 21.13% | 21.28% | 21.64% | 21.77% | 21.88% | 21.90% | 21.76% | 21.49% | 21.28% | 21.09% | 20.82% | 20.33% | 19.72% | 19.18% | 18.88% | 18.89% | 18.79% | 18.83% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $4,621,000K ÷ $21,818,800K
= 21.18%
WESCO International Inc has shown a gradual improvement in its gross profit margin over the past few years. The gross profit margin increased from 18.83% as of March 31, 2020, to 21.18% as of December 31, 2024. This indicates that the company has been able to effectively manage its cost of goods sold relative to its net sales, resulting in a higher proportion of revenue retained as gross profit.
There were fluctuations in the gross profit margin during this period, with some quarters showing slight decreases, such as in June 30, 2023, and September 30, 2023. However, these fluctuations were minor, and the overall trend has been positive.
The increasing trend in the gross profit margin is a positive sign for WESCO International Inc, as it suggests the company's ability to generate more profit from its core operations over time. It also indicates efficient cost management and potentially improving pricing strategies.
Overall, the company's gross profit margin trend demonstrates a steady improvement in profitability and efficiency in managing costs, which can be a favorable indicator for investors and stakeholders evaluating the financial performance and operational effectiveness of WESCO International Inc.
Peer comparison
Dec 31, 2024