WCCHIGH SIGNALFINANCIAL10-K

WCC shows dramatic revenue growth of 289% but with severely deteriorating cash generation, as operating cash flow collapsed 89% while the company reduced share buybacks by 82%.

The massive revenue increase paired with declining profitability and cash flow suggests potential acquisition activity or significant business model changes that are not yet generating efficient returns. The sharp reduction in cash position and buyback capacity indicates management is conserving liquidity amid this transition.

Comparing 2026-02-13 vs 2025-02-14View on EDGAR →
FINANCIAL ANALYSIS

WCC experienced explosive revenue growth from $2.1B to $8.4B, but this expansion came at a steep cost as net income declined 11% and operating cash flow plummeted 89% to just $125M. The balance sheet shows typical growth patterns with higher receivables and inventory, but the dramatic disconnect between revenue growth and cash generation, combined with a 53% drop in cash reserves and 82% reduction in share buybacks, signals either major integration challenges from acquisitions or fundamental operational inefficiencies that investors should monitor closely.

FINANCIAL STATEMENT CHANGES
Revenue
P&L
+289.1%
$2.1B$8.4B

Strong top-line growth of 289.1% — accelerating demand or successful expansion into new markets.

Operating Cash Flow
Cash Flow
-88.6%
$1.1B$125.0M

Operating cash flow fell 88.6% — earnings quality concerns; investigate working capital changes and non-cash items.

Share Buybacks
Cash Flow
-82.4%
$425.0M$75.0M

Buyback activity reduced 82.4% — capital being redeployed elsewhere or cash conservation underway.

Cash & Equivalents
Balance Sheet
-52.7%
$449.1M$212.6M

Cash declined 52.7% — significant cash burn or deployment; verify adequacy of remaining liquidity runway.

Accounts Receivable
Balance Sheet
+17.8%
$3.5B$4.1B

Receivables grew 17.8% — monitor days sales outstanding for collection efficiency.

Inventory
Balance Sheet
+14.5%
$3.5B$4.0B

Inventory built 14.5% — monitor whether demand supports this build or if write-downs may follow.

Total Liabilities
Balance Sheet
+13.6%
$10.1B$11.5B

Liabilities increased 13.6% — monitor debt-to-equity ratio and interest coverage.

Current Assets
Balance Sheet
+13.2%
$8.4B$9.5B

Current assets grew 13.2% — improving short-term liquidity or inventory/receivables build.

Current Liabilities
Balance Sheet
+13%
$3.8B$4.3B

Current liabilities rose 13% — increased short-term obligations, watch current ratio.

Net Income
P&L
-10.8%
$717.6M$640.2M

Net income declined 10.8% — review whether driven by operations, interest costs, or non-recurring items.

LANGUAGE CHANGES
NEW — 2026-02-13
PRIOR — 2025-02-14
ADDED
As of February 12, 2026, 48,661,915 shares of Common Stock, par value $.01 per share, of the registrant were outstanding.
We employ approximately 21,000 people, maintain relationships with more than 35,000 suppliers, and serve nearly 130,000 customers worldwide.
With millions of products, end-to-end supply chain services and significant digital capabilities, Wesco provides innovative solutions to meet customer needs across commercial and industrial businesses, technology companies, telecommunications providers, and utilities.
Specific applications include projects for data centers, hospitals, public transit, waste water treatment facilities, EV charging stations, and renewable and solar power plants.
Utility Broadband Solutions The UBS segment is a leader in North America, serving customers primarily in the U.S.
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REMOVED
As of February 13, 2025, 48,795,929 shares of Common Stock, par value $.01 per share, of the registrant were outstanding.
We employ approximately 20,000 people, maintain relationships with more than 35,000 suppliers, and serve nearly 140,000 customers worldwide.
With millions of products, end-to-end supply chain services, and leading digital capabilities, Wesco provides innovative solutions to meet customer needs across commercial and industrial businesses, contractors, educational institutions, government agencies, technology companies, telecommunications providers, and utilities.
Specific applications include projects for refineries, railways, wastewater treatment facilities, data centers, security installations, offices, and modular and mobile homes.
Utility Broadband Solutions The UBS segment is a leader in North America, with approximately 2,300 employees serving customers primarily in the U.S.
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