WESCO International Inc (WCC)
Operating profit margin
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 1,406,400 | 1,472,485 | 1,493,585 | 1,500,485 | 1,438,085 | 1,276,584 | 1,104,450 | 952,622 | 801,873 | 674,352 | 622,981 | 419,379 | 347,041 | 338,086 | 253,724 | 336,404 | 346,217 | 352,908 | 356,692 | 349,925 |
| Revenue (ttm) | US$ in thousands | 22,385,200 | 22,470,320 | 22,271,820 | 22,009,820 | 21,420,120 | 20,722,450 | 20,004,870 | 19,117,160 | 18,226,440 | 17,494,430 | 16,907,910 | 14,398,830 | 12,326,000 | 10,296,610 | 8,302,920 | 8,366,300 | 8,358,920 | 8,270,920 | 8,190,050 | 8,143,950 |
| Operating profit margin | 6.28% | 6.55% | 6.71% | 6.82% | 6.71% | 6.16% | 5.52% | 4.98% | 4.40% | 3.85% | 3.68% | 2.91% | 2.82% | 3.28% | 3.06% | 4.02% | 4.14% | 4.27% | 4.36% | 4.30% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $1,406,400K ÷ $22,385,200K
= 6.28%
The operating profit margin of Wesco International, Inc. has shown a fluctuating trend over the past eight quarters. In Q4 2023, the operating profit margin stood at 6.28%, a slight decrease from 6.55% in Q3 2023. Despite this decrease, the margin has generally been on an upward trajectory since Q1 2022 when it was at 4.99%.
From Q1 2022 to Q4 2022, there was a consistent increase in the operating profit margin, reaching its peak at 6.82% in Q1 2023. This indicates an improvement in the company's ability to generate profits from its core operations during that period. However, there was a slight decline in the following quarters, with the margin hovering around the 6.50% range.
Overall, Wesco International, Inc. has shown a relatively stable operating profit margin above 5% in recent quarters, reflecting the company's efficiency in managing its operating costs and generating profits. Nonetheless, the minor fluctuations in the margin suggest that the company may face some challenges in maintaining or further improving its profitability in the future.
Peer comparison
Dec 31, 2023