Industrial distribution
15 companies · $142B combined revenue · $11.1B operating profit
The typical US-listed industrial distribution company grew revenue 3.6% and earnings -6.9% in its latest year, at a 8.1% operating margin, and 6 of 15 earn a return on capital above 15%. Figures from each company's latest annual filing with the SEC, refreshed daily.
Growth engines: the 4 Cylinders
All four working: 0% of companiesA company's earnings per share can grow in only four ways: more sales, profits growing faster than sales (operating leverage), wider margins, and less debt. Each bar is the share of companies where that engine worked in their latest year.
- Sales growth · Revenue up 10% or more20%
- Operating leverage · Operating income growing faster than a growing revenue31%
- Margin expansion · Operating margin up 1 point or more20%
- Debt reduction · Debt down 5% or more, or net cash29%
Combined revenue · 15 companies reporting in US dollars
Combined operating margin
All 15 companies
| Median | – | 3.6% | -6.9% | 8.1% | 12.5% | 0.69x |
| GWWW.W. Grainger | $17.9B | 4.5%▲ | -10.6%▼ | 13.9%▲ | 35.5%▲ | 0.67x▲ |
| FERGFerguson Enterprises | $30.8B | 3.8%▲ | 7%▲ | 8.5%▲ | 22.3%▲ | 0.71x▼ |
| RSReliance | $14.3B | 3.3%▼ | -15.5%▼ | 7.1%▼ | 10.6%▼ | 0.20x▲ |
| WCCWesco International | $23.5B | 7.8%▲ | -10.8%▼ | 5.2%▼ | 10.1%▼ | 1.15x▼ |
| AITApplied Industrial Technologies | $5.0B | 8.8%▲ | 5.5%▲ | 11.1%▲ | 22.9%▲ | 0.14x▲ |
| WSOWatsco | $7.2B | -5%▼ | -7.3%▼ | 10%▲ | 19.5%▲ | 0.13x▲ |
| QXOQXO | $6.8B | 11925%▲ | -1098%▼ | -3.6%▼ | -1.7%▼ | 0.31x▲ |
| CNMCore & Main | $7.6B | 2.8%▼ | 7.3%▲ | 9.4%▲ | 13.9%▲ | 1.08x▼ |
| POOLPOOL | $5.3B | -0.4%▼ | -6.4%▲ | 11%▲ | 21.1%▲ | 1.01x▼ |
| SITESiteOne Landscape Supply | $4.7B | 3.6% | 22.8%▲ | 5.1%▼ | 9.4%▼ | 0.23x▲ |
| DXPEDXP Enterprises | $2.0B | 11.9%▲ | 25.8%▲ | 8.8%▲ | 12.5% | 1.66x▼ |
| CENTCentral Garden & Pet | $3.1B | -2.2%▼ | 50.8%▲ | 8%▼ | 8.1%▼ | 0.75x▼ |
| BCCBoise Cascade | $6.4B | -4.8%▼ | -64.7%▼ | 2.9%▼ | 6.7%▼ | 0.21x▲ |
| REZIResideo Technologies | $7.5B | 10.5%▲ | -554%▼ | 8.1% | 9.1%▼ | 1.09x▼ |
| PLBLPolibeli | $24M | -16.8%▼ | – | -31.3%▼ | 515%▲ | – |
▲ better than the median, ▼ worse. n/a: the ratio doesn't apply to that kind of business (e.g. a bank's operating margin). Sort by any column. Figures from each company's latest 10-K (or 20-F/40-F).