WESCO International Inc (WCC)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 991,400 | 1,135,000 | 580,892 | 123,363 | 283,289 |
| Revenue | US$ in thousands | 22,385,200 | 21,420,100 | 18,226,400 | 12,326,000 | 8,358,920 |
| Pretax margin | 4.43% | 5.30% | 3.19% | 1.00% | 3.39% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $991,400K ÷ $22,385,200K
= 4.43%
Wesco International, Inc.'s pretax margin has shown variability over the past five years. The pretax margin was 4.43% as of December 31, 2023, down from 5.31% in the previous year. This decline may indicate a decrease in the company's profitability before accounting for taxes. However, it is important to note that the pretax margin in 2023 is still higher compared to the margins in 2020 and 2019, which were 1.00% and 3.37%, respectively. This suggests that Wesco International may have implemented strategies to improve profitability in recent years but experienced a dip in 2023. Further analysis of the company's financial performance and operational efficiency is recommended to better understand the factors influencing the pretax margin.
Peer comparison
Dec 31, 2023