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Side-by-side financial comparison of BlackRock (BLK) and WESCO INTERNATIONAL INC (WCC). Click either name above to swap in a different company.
BlackRock is the larger business by last-quarter revenue ($7.0B vs $6.1B, roughly 1.2× WESCO INTERNATIONAL INC). BlackRock runs the higher net margin — 16.1% vs 2.6%, a 13.4% gap on every dollar of revenue. BlackRock produced more free cash flow last quarter ($2.1B vs $27.5M). Over the past eight quarters, BlackRock's revenue compounded faster (24.5% CAGR vs 6.5%).
BlackRock, Inc. is an American multinational investment company. Founded in 1988, initially as an enterprise risk management and fixed income institutional asset manager, BlackRock is the world's largest asset manager, with $12.5 trillion in assets under management as of 2025. Headquartered in New York City, BlackRock has 70 offices in 30 countries and clients in 100 countries.
Wesco International, Inc. is a publicly traded American holding company for Wesco Distribution, an electrical distribution and services company based in Pittsburgh, Pennsylvania.
BLK vs WCC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $7.0B | $6.1B |
| Net Profit | $1.1B | $159.8M |
| Gross Margin | — | 21.2% |
| Operating Margin | 23.7% | 5.3% |
| Net Margin | 16.1% | 2.6% |
| Revenue YoY | — | 10.3% |
| Net Profit YoY | — | -3.4% |
| EPS (diluted) | $7.05 | $3.33 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $7.0B | $6.1B | ||
| Q3 25 | $6.5B | $6.2B | ||
| Q2 25 | $5.4B | $5.9B | ||
| Q1 25 | $5.3B | $5.3B | ||
| Q4 24 | — | $5.5B | ||
| Q3 24 | $5.2B | $5.5B | ||
| Q2 24 | $4.8B | $5.5B | ||
| Q1 24 | $4.7B | $5.3B |
| Q4 25 | $1.1B | $159.8M | ||
| Q3 25 | $1.3B | $187.5M | ||
| Q2 25 | $1.6B | $174.5M | ||
| Q1 25 | $1.5B | $118.4M | ||
| Q4 24 | — | $165.4M | ||
| Q3 24 | $1.6B | $204.3M | ||
| Q2 24 | $1.5B | $232.1M | ||
| Q1 24 | $1.6B | $115.8M |
| Q4 25 | — | 21.2% | ||
| Q3 25 | — | 21.3% | ||
| Q2 25 | — | 21.1% | ||
| Q1 25 | — | 21.1% | ||
| Q4 24 | — | 21.2% | ||
| Q3 24 | — | 22.1% | ||
| Q2 24 | — | 21.9% | ||
| Q1 24 | — | 21.3% |
| Q4 25 | 23.7% | 5.3% | ||
| Q3 25 | 30.0% | 5.6% | ||
| Q2 25 | 31.9% | 5.5% | ||
| Q1 25 | 32.2% | 4.5% | ||
| Q4 24 | — | 5.5% | ||
| Q3 24 | 38.6% | 6.1% | ||
| Q2 24 | 37.5% | 5.9% | ||
| Q1 24 | 35.8% | 4.9% |
| Q4 25 | 16.1% | 2.6% | ||
| Q3 25 | 20.3% | 3.0% | ||
| Q2 25 | 29.4% | 3.0% | ||
| Q1 25 | 28.6% | 2.2% | ||
| Q4 24 | — | 3.0% | ||
| Q3 24 | 31.4% | 3.7% | ||
| Q2 24 | 31.1% | 4.2% | ||
| Q1 24 | 33.3% | 2.2% |
| Q4 25 | $7.05 | $3.33 | ||
| Q3 25 | $8.43 | $3.79 | ||
| Q2 25 | $10.19 | $3.83 | ||
| Q1 25 | $9.64 | $2.10 | ||
| Q4 24 | — | $3.01 | ||
| Q3 24 | $10.90 | $3.81 | ||
| Q2 24 | $9.99 | $4.28 | ||
| Q1 24 | $10.48 | $1.95 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $11.5B | — |
| Total DebtLower is stronger | $12.8B | — |
| Stockholders' EquityBook value | $55.9B | $5.0B |
| Total Assets | $170.0B | $16.5B |
| Debt / EquityLower = less leverage | 0.23× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $11.5B | — | ||
| Q3 25 | $10.0B | — | ||
| Q2 25 | $9.5B | — | ||
| Q1 25 | $7.7B | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $14.0B | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $12.8B | — | ||
| Q3 25 | $12.8B | — | ||
| Q2 25 | $12.8B | — | ||
| Q1 25 | $12.3B | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $12.4B | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $55.9B | $5.0B | ||
| Q3 25 | $55.5B | $4.8B | ||
| Q2 25 | $49.1B | $4.8B | ||
| Q1 25 | $48.0B | $5.0B | ||
| Q4 24 | — | $5.0B | ||
| Q3 24 | $41.2B | $5.0B | ||
| Q2 24 | $40.3B | $4.9B | ||
| Q1 24 | $39.9B | $5.0B |
| Q4 25 | $170.0B | $16.5B | ||
| Q3 25 | $162.7B | $16.6B | ||
| Q2 25 | $146.5B | $16.2B | ||
| Q1 25 | $141.9B | $15.5B | ||
| Q4 24 | — | $15.1B | ||
| Q3 24 | $132.8B | $15.3B | ||
| Q2 24 | — | $15.1B | ||
| Q1 24 | — | $15.5B |
| Q4 25 | 0.23× | — | ||
| Q3 25 | 0.23× | — | ||
| Q2 25 | 0.26× | — | ||
| Q1 25 | 0.26× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.30× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $2.3B | $71.9M |
| Free Cash FlowOCF − Capex | $2.1B | $27.5M |
| FCF MarginFCF / Revenue | 30.6% | 0.5% |
| Capex IntensityCapex / Revenue | 1.9% | 0.7% |
| Cash ConversionOCF / Net Profit | 2.02× | 0.45× |
| TTM Free Cash FlowTrailing 4 quarters | $3.6B | $25.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.3B | $71.9M | ||
| Q3 25 | $1.4B | $-82.7M | ||
| Q2 25 | $1.4B | $107.8M | ||
| Q1 25 | $-1.1B | $28.0M | ||
| Q4 24 | — | $276.6M | ||
| Q3 24 | — | $302.1M | ||
| Q2 24 | — | $-223.8M | ||
| Q1 24 | $-408.0M | $746.3M |
| Q4 25 | $2.1B | $27.5M | ||
| Q3 25 | $1.3B | $-95.9M | ||
| Q2 25 | $1.3B | $86.0M | ||
| Q1 25 | $-1.2B | $7.6M | ||
| Q4 24 | — | $252.3M | ||
| Q3 24 | — | $272.9M | ||
| Q2 24 | — | $-244.6M | ||
| Q1 24 | $-472.0M | $725.9M |
| Q4 25 | 30.6% | 0.5% | ||
| Q3 25 | 20.5% | -1.5% | ||
| Q2 25 | 23.5% | 1.5% | ||
| Q1 25 | -22.9% | 0.1% | ||
| Q4 24 | — | 4.6% | ||
| Q3 24 | — | 5.0% | ||
| Q2 24 | — | -4.5% | ||
| Q1 24 | -10.0% | 13.6% |
| Q4 25 | 1.9% | 0.7% | ||
| Q3 25 | 1.2% | 0.2% | ||
| Q2 25 | 1.6% | 0.4% | ||
| Q1 25 | 1.5% | 0.4% | ||
| Q4 24 | — | 0.4% | ||
| Q3 24 | — | 0.5% | ||
| Q2 24 | — | 0.4% | ||
| Q1 24 | 1.4% | 0.4% |
| Q4 25 | 2.02× | 0.45× | ||
| Q3 25 | 1.07× | -0.44× | ||
| Q2 25 | 0.86× | 0.62× | ||
| Q1 25 | -0.75× | 0.24× | ||
| Q4 24 | — | 1.67× | ||
| Q3 24 | — | 1.48× | ||
| Q2 24 | — | -0.96× | ||
| Q1 24 | -0.26× | 6.44× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BLK
| Investment Advice | $5.3B | 75% |
| Investment Performance | $754.0M | 11% |
| Technology Services And Subscription Revenue | $531.0M | 8% |
| Distribution And Shareholder Service | $359.0M | 5% |
| Service Other | $86.0M | 1% |
WCC
| CSS | $2.4B | 40% |
| EES | $2.3B | 37% |
| UBS | $1.4B | 23% |
