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Side-by-side financial comparison of LPL Financial Holdings Inc. (LPLA) and WESCO INTERNATIONAL INC (WCC). Click either name above to swap in a different company.
WESCO INTERNATIONAL INC is the larger business by last-quarter revenue ($6.1B vs $4.9B, roughly 1.2× LPL Financial Holdings Inc.). LPL Financial Holdings Inc. runs the higher net margin — 7.2% vs 2.5%, a 4.7% gap on every dollar of revenue. On growth, LPL Financial Holdings Inc. posted the faster year-over-year revenue change (34.6% vs 13.8%). Over the past eight quarters, LPL Financial Holdings Inc.'s revenue compounded faster (29.8% CAGR vs 5.3%).
LPL Financial Holdings Inc. was founded in 1989 and is considered the largest independent broker-dealer in the United States. As of 2021 the company had more than 17,500 financial advisors, over US$1 trillion in advisory and brokerage assets, and generated approximately $10.3 billion in annual revenue for the 2023 fiscal year. LPL Financial has main offices in Boston, Fort Mill, Austin, and San Diego. The company is a member of FINRA and the SIPC.
Wesco International, Inc. is a publicly traded American holding company for Wesco Distribution, an electrical distribution and services company based in Pittsburgh, Pennsylvania.
LPLA vs WCC — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $4.9B | $6.1B |
| Net Profit | $356.4M | $153.8M |
| Gross Margin | 32.3% | 21.2% |
| Operating Margin | — | 4.8% |
| Net Margin | 7.2% | 2.5% |
| Revenue YoY | 34.6% | 13.8% |
| Net Profit YoY | — | 47.9% |
| EPS (diluted) | $4.43 | — |
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.
| Q1 26 | $4.9B | $6.1B | ||
| Q4 25 | $4.9B | $6.1B | ||
| Q3 25 | $4.6B | $6.2B | ||
| Q2 25 | $3.8B | $5.9B | ||
| Q1 25 | $3.7B | $5.3B | ||
| Q4 24 | $3.5B | $5.5B | ||
| Q3 24 | $3.1B | $5.5B | ||
| Q2 24 | $2.9B | $5.5B |
| Q1 26 | $356.4M | $153.8M | ||
| Q4 25 | $300.7M | $159.8M | ||
| Q3 25 | $-29.5M | $187.5M | ||
| Q2 25 | $273.2M | $174.5M | ||
| Q1 25 | $318.6M | $118.4M | ||
| Q4 24 | $270.7M | $165.4M | ||
| Q3 24 | $255.3M | $204.3M | ||
| Q2 24 | $243.8M | $232.1M |
| Q1 26 | 32.3% | 21.2% | ||
| 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 26 | — | 4.8% | ||
| Q4 25 | 8.1% | 5.3% | ||
| Q3 25 | -0.7% | 5.6% | ||
| Q2 25 | 9.6% | 5.5% | ||
| Q1 25 | 11.4% | 4.5% | ||
| Q4 24 | 9.7% | 5.5% | ||
| Q3 24 | 11.2% | 6.1% | ||
| Q2 24 | 11.3% | 5.9% |
| Q1 26 | 7.2% | 2.5% | ||
| Q4 25 | 6.1% | 2.6% | ||
| Q3 25 | -0.6% | 3.0% | ||
| Q2 25 | 7.1% | 3.0% | ||
| Q1 25 | 8.7% | 2.2% | ||
| Q4 24 | 7.7% | 3.0% | ||
| Q3 24 | 8.2% | 3.7% | ||
| Q2 24 | 8.3% | 4.2% |
| Q1 26 | $4.43 | — | ||
| Q4 25 | $3.65 | $3.33 | ||
| Q3 25 | $-0.37 | $3.79 | ||
| Q2 25 | $3.40 | $3.83 | ||
| Q1 25 | $4.24 | $2.10 | ||
| Q4 24 | $3.58 | $3.01 | ||
| Q3 24 | $3.39 | $3.81 | ||
| Q2 24 | $3.23 | $4.28 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.0B | $696.6M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $5.7B | $5.1B |
| Total Assets | $18.8B | $17.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.0B | $696.6M | ||
| Q4 25 | $1.1B | — | ||
| Q3 25 | $1.6B | — | ||
| Q2 25 | $4.3B | — | ||
| Q1 25 | $1.4B | — | ||
| Q4 24 | $1.0B | — | ||
| Q3 24 | $1.6B | — | ||
| Q2 24 | $1.4B | — |
| Q1 26 | — | — | ||
| Q4 25 | $7.3B | — | ||
| Q3 25 | $7.5B | — | ||
| Q2 25 | $7.2B | — | ||
| Q1 25 | $5.7B | — | ||
| Q4 24 | $5.5B | — | ||
| Q3 24 | $4.4B | — | ||
| Q2 24 | $4.4B | — |
| Q1 26 | $5.7B | $5.1B | ||
| Q4 25 | $5.3B | $5.0B | ||
| Q3 25 | $5.0B | $4.8B | ||
| Q2 25 | $5.1B | $4.8B | ||
| Q1 25 | $3.1B | $5.0B | ||
| Q4 24 | $2.9B | $5.0B | ||
| Q3 24 | $2.8B | $5.0B | ||
| Q2 24 | $2.5B | $4.9B |
| Q1 26 | $18.8B | $17.0B | ||
| Q4 25 | $18.5B | $16.5B | ||
| Q3 25 | $18.0B | $16.6B | ||
| Q2 25 | $17.5B | $16.2B | ||
| Q1 25 | $14.0B | $15.5B | ||
| Q4 24 | $13.3B | $15.1B | ||
| Q3 24 | $11.9B | $15.3B | ||
| Q2 24 | $11.5B | $15.1B |
| Q1 26 | — | — | ||
| Q4 25 | 1.36× | — | ||
| Q3 25 | 1.49× | — | ||
| Q2 25 | 1.41× | — | ||
| Q1 25 | 1.82× | — | ||
| Q4 24 | 1.87× | — | ||
| Q3 24 | 1.60× | — | ||
| Q2 24 | 1.77× | — |
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 | — | $221.4M |
| Free Cash FlowOCF − Capex | — | $213.4M |
| FCF MarginFCF / Revenue | — | 3.5% |
| Capex IntensityCapex / Revenue | 0.0% | 0.4% |
| Cash ConversionOCF / Net Profit | — | 1.44× |
| TTM Free Cash FlowTrailing 4 quarters | — | $231.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $221.4M | ||
| Q4 25 | $785.0M | $71.9M | ||
| Q3 25 | $-1.7B | $-82.7M | ||
| Q2 25 | $193.3M | $107.8M | ||
| Q1 25 | $339.8M | $28.0M | ||
| Q4 24 | $-178.8M | $276.6M | ||
| Q3 24 | $209.3M | $302.1M | ||
| Q2 24 | $-178.9M | $-223.8M |
| Q1 26 | — | $213.4M | ||
| Q4 25 | $613.3M | $27.5M | ||
| Q3 25 | $-1.9B | $-95.9M | ||
| Q2 25 | $56.3M | $86.0M | ||
| Q1 25 | $220.3M | $7.6M | ||
| Q4 24 | $-344.3M | $252.3M | ||
| Q3 24 | $62.3M | $272.9M | ||
| Q2 24 | $-307.8M | $-244.6M |
| Q1 26 | — | 3.5% | ||
| Q4 25 | 12.4% | 0.5% | ||
| Q3 25 | -41.1% | -1.5% | ||
| Q2 25 | 1.5% | 1.5% | ||
| Q1 25 | 6.0% | 0.1% | ||
| Q4 24 | -9.8% | 4.6% | ||
| Q3 24 | 2.0% | 5.0% | ||
| Q2 24 | -10.5% | -4.5% |
| Q1 26 | 0.0% | 0.4% | ||
| Q4 25 | 3.5% | 0.7% | ||
| Q3 25 | 3.1% | 0.2% | ||
| Q2 25 | 3.6% | 0.4% | ||
| Q1 25 | 3.3% | 0.4% | ||
| Q4 24 | 4.7% | 0.4% | ||
| Q3 24 | 4.7% | 0.5% | ||
| Q2 24 | 4.4% | 0.4% |
| Q1 26 | — | 1.44× | ||
| Q4 25 | 2.61× | 0.45× | ||
| Q3 25 | — | -0.44× | ||
| Q2 25 | 0.71× | 0.62× | ||
| Q1 25 | 1.07× | 0.24× | ||
| Q4 24 | -0.66× | 1.67× | ||
| Q3 24 | 0.82× | 1.48× | ||
| Q2 24 | -0.73× | -0.96× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LPLA
| Advisory | $2.6B | 53% |
| Sales-based | $705.4M | 14% |
| Trailing | $486.6M | 10% |
| Client cash | $445.3M | 9% |
| Other | $394.5M | 8% |
| Service and fee | $211.0M | 4% |
| Transaction | $80.5M | 2% |
WCC
| CSS | $2.5B | 41% |
| EES | $2.2B | 37% |
| UBS | $1.4B | 22% |
