WESCO International Inc (WCC)

Net profit margin

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Net income US$ in thousands 765,500 860,500 465,382 100,560 223,426
Revenue US$ in thousands 22,385,200 21,420,100 18,226,400 12,326,000 8,358,920
Net profit margin 3.42% 4.02% 2.55% 0.82% 2.67%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $765,500K ÷ $22,385,200K
= 3.42%

The net profit margin of Wesco International, Inc. has exhibited fluctuations over the past five years. In 2023, the net profit margin stood at 3.16%, slightly lower than the previous year's figure of 3.75%. This decrease indicates a potential reduction in profitability compared to the prior year. In 2021, the net profit margin was 2.24%, which was an improvement from the relatively low margin of 0.57% in 2020. The company experienced a surge in profitability in 2019 with a net profit margin of 2.67%.

Overall, Wesco International, Inc. has shown variability in its net profit margin performance in recent years, with fluctuations indicating changes in the company's ability to generate profits relative to its revenue. It is essential for stakeholders to closely monitor these trends to assess the company's financial health and profitability sustainability.


Peer comparison

Dec 31, 2023

Company name
Symbol
Net profit margin
WESCO International Inc
WCC
3.42%
Enersys
ENS
7.61%