Recent News
On July 16, 2025 Truist adjusted its price target higher, citing the company’s $100 million cost-savings program and initial signs of margin stabilization within core operations; the firm reiterated a cautious stance despite the target change.
Technical Analysis
Directional indicators show limited trend strength: ADX at 12.58 signals no established directional trend while DI+ decreases (bearish) and DI– registered a peak-and-reversal (bullish), producing conflicting directional pressure that favors range-bound action near current levels.
MACD sits negative at -2.8 but displays a dip-and-reversal, indicating developing bullish momentum; the MACD remains below its signal line (-2.3), so momentum requires further confirmation before producing a sustained breakout toward higher averages.
MRO reads -29.84 (negative), which indicates price sits below the model target and therefore carries upward convergence pressure; the negative MRO suggests the stock carries potential to move higher toward its valuation-implied level absent new adverse catalysts.
RSI at 45.78 with a dip-and-reversal points to building buying interest from neutral territory rather than an overbought condition, supporting a bias for stabilization rather than immediate extension.
Price sits below several key averages: close $134.46 versus the 12-day EMA (decreasing) at $134.98, the 20-day average at $135.42, the 50-day at $142.02 and the 200-day at $150.18, which keeps technical risk skewed to the downside unless intraday momentum pushes price back above the 20-day average. Bollinger bands place the close comfortably above the lower 1x band ($131.71), indicating room for mean-reversion if momentum confirms.
Fundamental Analysis
Revenue: Total revenue at $2,928,181,000 shows revenue growth of 0.232% (revenue growth figure 0.00232). Quarterly revenue dynamics show weak sequential contraction (revenue growth QoQ -103.245%), and the supplied year-over-year revenue growth figure reads -144.615% (use the provided value). These figures imply top-line volatility during the period under review.
Profitability: Operating (EBIT) at $197,274,000 produces an operating/EBIT margin of 6.737%. That margin improved QoQ by 10.154% but fell YoY by 4.086%. The operating margin sits below the industry peer mean of 23.165% and well under the peer median of 35.181%, indicating a material margin gap relative to typical peer performance.
Earnings and cash flow: Reported EPS at $1.31 beat the estimate of $1.30 by $0.01, a surprise ratio of 0.769%. Operating cash flow reached $402,053,000 and free cash flow measured $185,574,000, producing a free cash flow yield of 1.325% and a free-cash-to-net-income ratio of 1.443. Those cash metrics show continued cash generation despite margin pressure.
Leverage and liquidity: Total debt at $1,719,360,000 and net debt $1,668,459,000 translate to debt-to-EBITDA of 4.59 and debt-to-equity of 0.47037. Interest coverage at 9.27 offers room to service debt, though the current ratio at 0.873 signals working-capital tightness. Cash and short-term investments total $50,901,000, leaving a cash ratio of 0.026.
Capital allocation and returns: Return on equity registers 3.519% and return on assets 1.559%; both show positive QoQ momentum but sit below many peer benchmarks (industry peer mean ROE 4.675%). Capital expenditures at -$216,479,000 and capex-to-revenue around -7.393% reflect ongoing investment in equipment and operations while the cash conversion ratio reads -11.885%, pointing to working-capital timing effects on cash flow.
Valuation and WMDST view: WMDST values the stock as over-valued. Market multiples show a PE ratio of 110.86 and a price-to-book of 3.832; forward PE sits near 79.54. Those multiples, combined with the margin gap to the industry peer mean and the company’s leverage profile, underpin WMDST’s over-valued determination.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-06-30 |
| REPORT DATE: | 2025-07-15 |
| NEXT REPORT DATE: | 2025-10-14 |
| CASH FLOW | Begin Period Cash Flow | $ 43.4 M |
| Operating Cash Flow | $ 402.1 M | |
| Capital Expenditures | $ -216.48 M | |
| Change In Working Capital | $ 44.2 M | |
| Dividends Paid | $ -42.63 M | |
| Cash Flow Delta | $ 7.5 M | |
| End Period Cash Flow | $ 50.9 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 2.9 B | |
| Forward Revenue | $ 988.9 M | |
| COSTS | ||
| Cost Of Revenue | $ 2.4 B | |
| Depreciation | $ 177.0 M | |
| Depreciation and Amortization | $ 177.0 M | |
| Research and Development | — | |
| Total Operating Expenses | $ 2.7 B | |
| PROFITABILITY | ||
| Gross Profit | $ 513.6 M | |
| EBITDA | $ 374.3 M | |
| EBIT | $ 197.3 M | |
| Operating Income | $ 197.3 M | |
| Interest Income | — | |
| Interest Expense | $ 21.3 M | |
| Net Interest Income | $ -21.29 M | |
| Income Before Tax | $ 176.0 M | |
| Tax Provision | $ 47.4 M | |
| Tax Rate | 26.9 % | |
| Net Income | $ 128.6 M | |
| Net Income From Continuing Operations | $ 128.6 M | |
| EARNINGS | ||
| EPS Estimate | $ 1.30 | |
| EPS Actual | $ 1.31 | |
| EPS Difference | $ 0.01 | |
| EPS Surprise | 0.769 % | |
| Forward EPS | $ 1.79 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 8.2 B | |
| Intangible Assets | $ 220.7 M | |
| Net Tangible Assets | $ 3.4 B | |
| Total Current Assets | $ 1.7 B | |
| Cash and Short-Term Investments | $ 50.9 M | |
| Cash | $ 50.9 M | |
| Net Receivables | $ 1.2 B | |
| Inventory | — | |
| Long-Term Investments | $ 583.1 M | |
| LIABILITIES | ||
| Accounts Payable | $ 655.2 M | |
| Short-Term Debt | $ 699.4 M | |
| Total Current Liabilities | $ 1.9 B | |
| Net Debt | $ 1.7 B | |
| Total Debt | $ 1.7 B | |
| Total Liabilities | $ 4.6 B | |
| EQUITY | ||
| Total Equity | $ 3.7 B | |
| Retained Earnings | $ 7.5 B | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 37.76 | |
| Shares Outstanding | 96.799 M | |
| Revenue Per-Share | $ 30.25 | |
| VALUATION | Market Capitalization | $ 14.0 B |
| Enterprise Value | $ 15.7 B | |
| Enterprise Multiple | 41.888 | |
| Enterprise Multiple QoQ | -11.454 % | |
| Enterprise Multiple YoY | -2.672 % | |
| Enterprise Multiple IPRWA | high: 117.168 JBHT: 41.888 mean: 37.188 median: 35.56 low: -30.584 |
|
| EV/R | 5.354 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 2.255 | |
| Asset To Liability | 1.797 | |
| Debt To Capital | 0.32 | |
| Debt To Assets | 0.209 | |
| Debt To Assets QoQ | 9.048 % | |
| Debt To Assets YoY | 2265.42 % | |
| Debt To Assets IPRWA | high: 0.783 JBHT: 0.209 mean: 0.174 low: 0.001 median: 0.001 |
|
| Debt To Equity | 0.47 | |
| Debt To Equity QoQ | 15.151 % | |
| Debt To Equity YoY | 2483.031 % | |
| Debt To Equity IPRWA | high: 2.837 mean: 0.66 JBHT: 0.47 low: 0.001 median: 0.001 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 3.832 | |
| Price To Book QoQ | -3.822 % | |
| Price To Book YoY | -6.91 % | |
| Price To Book IPRWA | high: 8.353 median: 6.315 mean: 5.295 JBHT: 3.832 low: 0.126 |
|
| Price To Earnings (P/E) | 110.859 | |
| Price To Earnings QoQ | -16.492 % | |
| Price To Earnings YoY | -11.06 % | |
| Price To Earnings IPRWA | high: 119.028 JBHT: 110.859 mean: 33.172 median: 9.189 low: -53.415 |
|
| PE/G Ratio | 9.264 | |
| Price To Sales (P/S) | 4.784 | |
| Price To Sales QoQ | -9.289 % | |
| Price To Sales YoY | -16.503 % | |
| Price To Sales IPRWA | high: 7.153 JBHT: 4.784 median: 3.686 mean: 3.409 low: 0.371 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 79.539 | |
| Forward PE/G | 6.647 | |
| Forward P/S | 14.165 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 44.78 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.355 | |
| Asset Turnover Ratio QoQ | 0.664 % | |
| Asset Turnover Ratio YoY | 2.085 % | |
| Asset Turnover Ratio IPRWA | high: 0.784 JBHT: 0.355 mean: 0.195 median: 0.076 low: 0.02 |
|
| Receivables Turnover | 2.455 | |
| Receivables Turnover Ratio QoQ | 1.997 % | |
| Receivables Turnover Ratio YoY | 5.8 % | |
| Receivables Turnover Ratio IPRWA | high: 2.919 JBHT: 2.455 median: 2.058 mean: 1.938 low: 0.633 |
|
| Inventory Turnover | — | |
| Inventory Turnover Ratio QoQ | — | |
| Inventory Turnover Ratio YoY | — | |
| Inventory Turnover Ratio IPRWA | — | |
| Days Sales Outstanding (DSO) | 37.162 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | — | |
| Cash Conversion Cycle Days QoQ | — | |
| Cash Conversion Cycle Days YoY | — | |
| Cash Conversion Cycle Days IPRWA | — | |
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | -11.885 | |
| CapEx To Revenue | -0.074 | |
| CapEx To Depreciation | -1.223 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 4.7 B | |
| Net Invested Capital | $ 5.4 B | |
| Invested Capital | $ 5.4 B | |
| Net Tangible Assets | $ 3.4 B | |
| Net Working Capital | $ -246.37 M | |
| LIQUIDITY | ||
| Cash Ratio | 0.026 | |
| Current Ratio | 0.873 | |
| Current Ratio QoQ | -2.098 % | |
| Current Ratio YoY | -27.893 % | |
| Current Ratio IPRWA | high: 2.152 median: 1.313 mean: 1.273 JBHT: 0.873 low: 0.018 |
|
| Quick Ratio | — | |
| Quick Ratio QoQ | — | |
| Quick Ratio YoY | — | |
| Quick Ratio IPRWA | — | |
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 4.594 | |
| Cost Of Debt | 0.943 % | |
| Interest Coverage Ratio | 9.268 | |
| Interest Coverage Ratio QoQ | -3.536 % | |
| Interest Coverage Ratio YoY | -8.998 % | |
| Interest Coverage Ratio IPRWA | high: 44.954 mean: 13.603 JBHT: 9.268 median: 7.983 low: -0.25 |
|
| Operating Cash Flow Ratio | 0.176 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 24.309 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | 3.017 | |
| Dividend Payout Ratio | 0.331 | |
| Dividend Rate | $ 0.44 | |
| Dividend Yield | 0.003 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | -0.176 % | |
| Revenue Growth | 0.232 % | |
| Revenue Growth QoQ | -103.245 % | |
| Revenue Growth YoY | -144.615 % | |
| Revenue Growth IPRWA | high: 19.971 % median: 19.971 % mean: 11.194 % JBHT: 0.232 % low: -1.508 % |
|
| Earnings Growth | 11.966 % | |
| Earnings Growth QoQ | -150.856 % | |
| Earnings Growth YoY | 45.98 % | |
| Earnings Growth IPRWA | high: 119.608 % JBHT: 11.966 % mean: 6.269 % median: -3.788 % low: -21.429 % |
|
| MARGINS | ||
| Gross Margin | 17.541 % | |
| Gross Margin QoQ | 4.791 % | |
| Gross Margin YoY | 2.196 % | |
| Gross Margin IPRWA | high: 24.885 % mean: 18.165 % median: 17.813 % JBHT: 17.541 % low: 0.618 % |
|
| EBIT Margin | 6.737 % | |
| EBIT Margin QoQ | 10.154 % | |
| EBIT Margin YoY | -4.086 % | |
| EBIT Margin IPRWA | high: 35.181 % median: 35.181 % mean: 23.165 % JBHT: 6.737 % low: -0.141 % |
|
| Return On Sales (ROS) | 6.737 % | |
| Return On Sales QoQ | 10.154 % | |
| Return On Sales YoY | -4.086 % | |
| Return On Sales IPRWA | high: 20.411 % mean: 9.204 % median: 8.586 % JBHT: 6.737 % low: 0.629 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 185.6 M | |
| Free Cash Flow Yield | 1.325 % | |
| Free Cash Flow Yield QoQ | 28.891 % | |
| Free Cash Flow Yield YoY | 126.496 % | |
| Free Cash Flow Yield IPRWA | high: 4.61 % JBHT: 1.325 % median: 0.343 % mean: -0.06 % low: -8.76 % |
|
| Free Cash Growth | 17.17 % | |
| Free Cash Growth QoQ | -75.355 % | |
| Free Cash Growth YoY | -127.403 % | |
| Free Cash Growth IPRWA | high: 128.824 % JBHT: 17.17 % mean: -83.559 % median: -138.253 % low: -294.67 % |
|
| Free Cash To Net Income | 1.443 | |
| Cash Flow Margin | 11.637 % | |
| Cash Flow To Earnings | 2.649 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | 1.559 % | |
| Return On Assets QoQ | 9.711 % | |
| Return On Assets YoY | -3.348 % | |
| Return On Assets IPRWA | high: 4.26 % median: 2.928 % mean: 2.462 % JBHT: 1.559 % low: -0.899 % |
|
| Return On Capital Employed (ROCE) | 3.127 % | |
| Return On Equity (ROE) | 0.035 | |
| Return On Equity QoQ | 15.567 % | |
| Return On Equity YoY | 5.581 % | |
| Return On Equity IPRWA | high: 0.085 mean: 0.047 JBHT: 0.035 median: 0.032 low: -0.088 |
|
| DuPont ROE | 3.42 % | |
| Return On Invested Capital (ROIC) | 2.683 % | |
| Return On Invested Capital QoQ | 11.282 % | |
| Return On Invested Capital YoY | -99.631 % | |
| Return On Invested Capital IPRWA | high: 8.045 % mean: 3.056 % JBHT: 2.683 % median: 2.562 % low: -0.61 % |
|