Does WESCO International, Inc. have an economic moat?

Based on its FY2025 SEC filings, the Moat Index scores WESCO International, Inc. (WCC) 45.1 out of 100 — a Shallow moat. The four filters behind that score (each 0–100): pricing power 35, returns on capital 28, balance-sheet safety 50, capital discipline 80.

How has WCC's Moat Score changed over time?

The record logs 3 readings since Jul 17, 2026; the latest reads 45.1 out of 100 (shallow moat). No tier changes on record yet. The history is append-only — readings are only ever added, never rewritten.

The Moat Index

WESCO International, Inc.

WCC · Industrials · FY2025 filings · Shallow moat ·

Doesn't clear the bar

Shallow moat

The four filters

Pricing power35

Median gross margin 20.3% over 10y, very stable.

Returns on capital28

Median ROIC 8.3%, above the 9% hurdle in 40% of years.

Balance-sheet safety50

Net debt/EBITDA 3.6x, no material interest expense disclosed.

Capital discipline80

Owner earnings +19.3%/yr, share count n/a.

Margin of safety

Above valueOn sale

No price data

Owner earnings (normalized): $806.1M
Est. intrinsic value / share: —
Recent price: $327.86
Discount to value: No price data

Conservative model: 9% discount rate, 4% assumed growth (capped at 4%), maintenance capex ≈ min(capex, D&A).

19 years of fundamentals

The business, in plain English

WESCO International, Inc. booked $23.5B of revenue in FY2025 in the Industrials sector and kept 21.1% of it as gross profit — a moderate-margin business by that measure. After every other cost, 2.7% of each revenue dollar reached the bottom line.

Across the filed record, revenue grew from $6.1B (FY2008) to $23.5B (FY2025) — about 8.2% a year compounded over 17 years.

It earned 9.1% on invested capital in FY2025, with a median of 8.7% across 17 filed years. The Returns on Capital filter above scores it 28/100.

The balance sheet carried $5.8B of total debt in FY2025 against $738.0M of owner earnings — roughly 7.8 years of owner earnings to retire it all. Balance-Sheet Safety scores it 50/100.

Put together: Capital Discipline is the strongest of the four filters (80/100) and Returns on Capital the weakest (28/100), which is how WCC lands at 45/100 — a Shallow moat.

This breakdown is generated from the filed numbers and sub-scores above — no outside narrative, no estimates. Where a filing doesn’t disclose an input, the sentence that would need it is omitted instead of guessed.

RevenueSales, as filed$23.5B FY2025

Gross marginRevenue kept after cost of goods21.1% FY2025

Return on invested capitalOperating profit on the capital employed9.1% FY2025

Owner earningsCash an owner could take out$738.0M FY2025

Gaps in a line mean that item isn’t in WCC’s filings for that year — the series is never interpolated or estimated. The Table view lists every filed value, including operating and net margins, total debt, and share count.

Moat Score history

Moat Score over timeLast scored reading of each day, on the 0–100 scale45.1 / 100

Score history begins Jul 17, 2026 — the record builds from here and can’t be backfilled.

Tier changesSame-methodology crossings of the Wide / Narrow / Shallow bars

None yet — WCC has read Shallow moat for every logged capture since Jul 17, 2026.

Scores are logged append-only and never overwritten — this record can’t be backfilled, which is exactly why it’s worth keeping.

Industrials context

#130 of 309 scored Industrials companies, ranked by Moat Score.

Nearest peers by Moat Score

#128GENC GENCOR INDUSTRIES, INC.45.7 out of 100, Shallow moatShallow moat
#129RLGT RADIANT LOGISTICS, INC.45.3 out of 100, Shallow moatShallow moat
#131CAH Cardinal Health, Inc.45.0 out of 100, Shallow moatShallow moat
#132FWRD FORWARD AIR CORP44.9 out of 100, Shallow moatShallow moat

Compare WCC with its nearest peers →All Industrials companies on the Index →

Common questions about WCC

Does WESCO International, Inc. have an economic moat?: Based on its FY2025 SEC filings, the Moat Index scores WESCO International, Inc. (WCC) 45.1 out of 100 — a Shallow moat. The four filters behind that score (each 0–100): pricing power 35, returns on capital 28, balance-sheet safety 50, capital discipline 80.
How has WCC's Moat Score changed over time?: The record logs 3 readings since Jul 17, 2026; the latest reads 45.1 out of 100 (shallow moat). No tier changes on record yet. The history is append-only — readings are only ever added, never rewritten.

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Scored from primary SEC filings via the public methodology. Educational only — not a recommendation to buy or sell WCC. See the disclaimer.