Recent News
On July 1, 2025 the company announced a quarterly dividend of $3.00 per share with a record date of July 16 and payment on July 31, 2025; several outlets reported analyst consensus at a “Hold” following recent results.
Technical Analysis
ADX / DI+ / DI-: ADX sits at 25.08, indicating a strong trend environment in force; DI+ at 16.41 shows an increasing trend while DI- at 23.26 shows a decreasing trend, a configuration that favors bullish directional pressure and supports the case for continued upside attempts versus resistance levels.
MACD: MACD at -6.23 with a rising MACD_trend and a MACD signal at -8.39 indicates a bullish momentum shift, with MACD above its signal line — a constructive crossover that supports near-term positive price momentum.
MRO (Momentum/Regression Oscillator): MRO at -29.32 reads negative, which signals the price below the model target and therefore implies potential for price appreciation toward that target as momentum normalizes; the MRO_trend shows a dip & reversal.
RSI: RSI at 44.19 and increasing denotes room to run without overbought conditions and aligns with the MACD crossover for near-term upside potential.
Price Structure & Moving Averages: Price closed at $399.57, above the 12-day EMA of $394.74 (price12dayEMA trend: dip & reversal) and above the 20-day average of $391.55, yet below the 50-day average of $417.90 and the 200-day average of $459.83. That stacking implies short-term bullish bias inside longer-term resistance bands; immediate resistance appears near the super trend upper at $412.04 and the Ichimoku Kijun-sen at $402.80, while the lower Bollinger band near $385.60 anchors short-term support.
Fundamental Analysis
Revenue & Growth: Total revenue equals $2,062,442,000. YoY revenue growth reads -5.433% while an alternative revenue growth figure shows 34.705%; YoY compares directly to the recent twelve-month change and indicates a contraction year-over-year.
Profitability: EBIT totals $271,869,000 and EBITDA totals $282,779,000. EBIT margin stands at 13.18%, below the industry peer mean of 17.13% and below the industry peer median of 19.70%, indicating margins lag the typical peer profile despite positive absolute profitability.
Returns: Return on equity registers 6.65% and return on assets 3.999%, both positive but modest relative to capital employed; return on invested capital equals 7.515%.
Earnings Per Share: Reported EPS reached $4.52 versus an estimate of $4.79, yielding an EPS surprise ratio of -5.64%, a shortfall that trimmed near-term fundamental momentum.
Cash Flow & Liquidity: Operating cash flow reads -$7,446,000 with free cash flow at -$14,283,000 and a free cash flow yield of -0.081%, signaling negative free cash generation in the period reported. Current ratio sits at 3.08 and quick ratio at 1.26, indicating ample near-term liquidity; cash on hand equals $292,978,000.
Capital Structure & Coverage: Total debt equals $454,086,000 with debt to EBITDA at 1.61 and interest coverage at 19.21, reflecting a conservative leverage profile and strong earnings coverage of interest expense.
Dividends: Dividend rate stands at $2.998 per share with a dividend payout ratio of 66.15% and dividend coverage ratio of 1.51, showing continued shareholder distributions funded by earnings but with a meaningful share of earnings allocated to dividends.
Valuation: WMDST values the stock as over-valued. Market multiples show a trailing P/E of 102.37 and a price-to-sales ratio of 8.60; enterprise multiple reads 63.29 while EV/Revenue and other forward multiples sit elevated, supporting the over-valued designation when juxtaposed with cash-generation metrics and the EPS shortfall.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-06-30 |
| REPORT DATE: | 2025-07-30 |
| NEXT REPORT DATE: | 2025-10-27 |
| CASH FLOW | Begin Period Cash Flow | $ 431.8 M |
| Operating Cash Flow | $ -7.45 M | |
| Capital Expenditures | $ -6.84 M | |
| Change In Working Capital | $ -238.90 M | |
| Dividends Paid | $ -121.46 M | |
| Cash Flow Delta | $ -138.84 M | |
| End Period Cash Flow | $ 293.0 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 2.1 B | |
| Forward Revenue | $ 422.7 M | |
| COSTS | ||
| Cost Of Revenue | $ 1.5 B | |
| Depreciation | $ 10.9 M | |
| Depreciation and Amortization | $ 10.9 M | |
| Research and Development | — | |
| Total Operating Expenses | $ 1.8 B | |
| PROFITABILITY | ||
| Gross Profit | $ 603.5 M | |
| EBITDA | $ 282.8 M | |
| EBIT | $ 271.9 M | |
| Operating Income | $ 271.9 M | |
| Interest Income | — | |
| Interest Expense | — | |
| Net Interest Income | $ 2.3 M | |
| Income Before Tax | $ 274.2 M | |
| Tax Provision | $ 57.4 M | |
| Tax Rate | 23.7 % | |
| Net Income | $ 183.6 M | |
| Net Income From Continuing Operations | $ 216.8 M | |
| EARNINGS | ||
| EPS Estimate | $ 4.79 | |
| EPS Actual | $ 4.52 | |
| EPS Difference | $ -0.27 | |
| EPS Surprise | -5.637 % | |
| Forward EPS | $ 3.71 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 4.7 B | |
| Intangible Assets | $ 676.0 M | |
| Net Tangible Assets | $ 2.1 B | |
| Total Current Assets | $ 3.3 B | |
| Cash and Short-Term Investments | $ 293.0 M | |
| Cash | $ 293.0 M | |
| Net Receivables | $ 1.0 B | |
| Inventory | $ 2.0 B | |
| Long-Term Investments | $ 12.8 M | |
| LIABILITIES | ||
| Accounts Payable | $ 678.1 M | |
| Short-Term Debt | — | |
| Total Current Liabilities | $ 1.1 B | |
| Net Debt | — | |
| Total Debt | $ 454.1 M | |
| Total Liabilities | $ 1.5 B | |
| EQUITY | ||
| Total Equity | $ 2.8 B | |
| Retained Earnings | $ 1.3 B | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 68.14 | |
| Shares Outstanding | 40.547 M | |
| Revenue Per-Share | $ 50.91 | |
| VALUATION | Market Capitalization | $ 17.7 B |
| Enterprise Value | $ 17.9 B | |
| Enterprise Multiple | 63.29 | |
| Enterprise Multiple QoQ | -62.937 % | |
| Enterprise Multiple YoY | -5.26 % | |
| Enterprise Multiple IPRWA | high: 92.879 median: 73.147 WSO: 63.29 mean: 63.163 low: -46.201 |
|
| EV/R | 8.678 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 1.713 | |
| Asset To Liability | 3.137 | |
| Debt To Capital | 0.141 | |
| Debt To Assets | 0.096 | |
| Debt To Assets QoQ | -6.967 % | |
| Debt To Assets YoY | 102.084 % | |
| Debt To Assets IPRWA | high: 0.779 mean: 0.316 median: 0.237 WSO: 0.096 low: 0.004 |
|
| Debt To Equity | 0.165 | |
| Debt To Equity QoQ | -4.632 % | |
| Debt To Equity YoY | 105.676 % | |
| Debt To Equity IPRWA | high: 2.878 median: 0.589 mean: 0.505 WSO: 0.165 low: -1.514 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 6.425 | |
| Price To Book QoQ | -14.774 % | |
| Price To Book YoY | -10.971 % | |
| Price To Book IPRWA | high: 12.098 WSO: 6.425 mean: 5.498 median: 4.543 low: -6.669 |
|
| Price To Earnings (P/E) | 102.365 | |
| Price To Earnings QoQ | -60.196 % | |
| Price To Earnings YoY | -1.6 % | |
| Price To Earnings IPRWA | high: 117.491 WSO: 102.365 median: 96.149 mean: 84.883 low: -8.714 |
|
| PE/G Ratio | 0.763 | |
| Price To Sales (P/S) | 8.6 | |
| Price To Sales QoQ | -34.467 % | |
| Price To Sales YoY | -2.361 % | |
| Price To Sales IPRWA | high: 21.617 mean: 12.175 median: 11.487 WSO: 8.6 low: 0.537 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 123.531 | |
| Forward PE/G | 0.921 | |
| Forward P/S | 41.995 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 4.437 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.449 | |
| Asset Turnover Ratio QoQ | 31.036 % | |
| Asset Turnover Ratio YoY | -8.123 % | |
| Asset Turnover Ratio IPRWA | WSO: 0.449 high: 0.445 median: 0.277 mean: 0.256 low: 0.091 |
|
| Receivables Turnover | 2.279 | |
| Receivables Turnover Ratio QoQ | 24.449 % | |
| Receivables Turnover Ratio YoY | -2.348 % | |
| Receivables Turnover Ratio IPRWA | high: 3.278 WSO: 2.279 median: 1.699 mean: 1.687 low: 0.99 |
|
| Inventory Turnover | 0.783 | |
| Inventory Turnover Ratio QoQ | 12.302 % | |
| Inventory Turnover Ratio YoY | -18.99 % | |
| Inventory Turnover Ratio IPRWA | high: 2.767 median: 1.565 mean: 1.5 WSO: 0.783 low: 0.243 |
|
| Days Sales Outstanding (DSO) | 40.042 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 143.815 | |
| Cash Conversion Cycle Days QoQ | 14.838 % | |
| Cash Conversion Cycle Days YoY | 21.225 % | |
| Cash Conversion Cycle Days IPRWA | high: 214.806 WSO: 143.815 mean: 70.61 median: 51.448 low: 32.111 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 0.925 | |
| CapEx To Revenue | -0.003 | |
| CapEx To Depreciation | -0.627 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 2.8 B | |
| Net Invested Capital | $ 2.8 B | |
| Invested Capital | $ 2.8 B | |
| Net Tangible Assets | $ 2.1 B | |
| Net Working Capital | $ 2.2 B | |
| LIQUIDITY | ||
| Cash Ratio | 0.274 | |
| Current Ratio | 3.081 | |
| Current Ratio QoQ | -6.088 % | |
| Current Ratio YoY | -4.025 % | |
| Current Ratio IPRWA | high: 6.644 WSO: 3.081 mean: 1.743 median: 1.413 low: 0.654 |
|
| Quick Ratio | 1.258 | |
| Quick Ratio QoQ | -7.602 % | |
| Quick Ratio YoY | -18.63 % | |
| Quick Ratio IPRWA | high: 4.792 WSO: 1.258 mean: 1.204 median: 0.811 low: 0.631 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 1.606 | |
| Cost Of Debt | 2.364 % | |
| Interest Coverage Ratio | 19.205 | |
| Interest Coverage Ratio QoQ | 153.983 % | |
| Interest Coverage Ratio YoY | -82.353 % | |
| Interest Coverage Ratio IPRWA | high: 88.789 mean: 20.604 WSO: 19.205 median: 15.538 low: -29.75 |
|
| Operating Cash Flow Ratio | -0.066 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 50.688 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | 1.512 | |
| Dividend Payout Ratio | 0.661 | |
| Dividend Rate | $ 3.00 | |
| Dividend Yield | 0.007 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 6.177 % | |
| Revenue Growth | 34.705 % | |
| Revenue Growth QoQ | -373.117 % | |
| Revenue Growth YoY | -5.433 % | |
| Revenue Growth IPRWA | high: 39.931 % WSO: 34.705 % mean: 14.218 % median: 13.799 % low: -19.532 % |
|
| Earnings Growth | 134.197 % | |
| Earnings Growth QoQ | -822.849 % | |
| Earnings Growth YoY | 25.521 % | |
| Earnings Growth IPRWA | high: 140.0 % WSO: 134.197 % mean: 32.922 % median: 30.38 % low: -76.471 % |
|
| MARGINS | ||
| Gross Margin | 29.261 % | |
| Gross Margin QoQ | 4.28 % | |
| Gross Margin YoY | 7.974 % | |
| Gross Margin IPRWA | high: 60.419 % median: 37.437 % mean: 36.825 % WSO: 29.261 % low: 17.039 % |
|
| EBIT Margin | 13.182 % | |
| EBIT Margin QoQ | 88.557 % | |
| EBIT Margin YoY | 4.91 % | |
| EBIT Margin IPRWA | high: 29.18 % median: 19.698 % mean: 17.132 % WSO: 13.182 % low: -36.747 % |
|
| Return On Sales (ROS) | 13.182 % | |
| Return On Sales QoQ | 88.557 % | |
| Return On Sales YoY | 4.91 % | |
| Return On Sales IPRWA | high: 26.405 % median: 20.039 % mean: 18.013 % WSO: 13.182 % low: -10.496 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ -14.28 M | |
| Free Cash Flow Yield | -0.081 % | |
| Free Cash Flow Yield QoQ | -91.215 % | |
| Free Cash Flow Yield YoY | -129.779 % | |
| Free Cash Flow Yield IPRWA | high: 7.902 % mean: 1.205 % median: 1.196 % WSO: -0.081 % low: -5.145 % |
|
| Free Cash Growth | -92.287 % | |
| Free Cash Growth QoQ | -38.448 % | |
| Free Cash Growth YoY | 94.043 % | |
| Free Cash Growth IPRWA | high: 679.814 % median: 78.416 % mean: 68.758 % WSO: -92.287 % low: -585.354 % |
|
| Free Cash To Net Income | -0.078 | |
| Cash Flow Margin | -3.448 % | |
| Cash Flow To Earnings | -0.387 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | 3.999 % | |
| Return On Assets QoQ | 123.158 % | |
| Return On Assets YoY | -3.522 % | |
| Return On Assets IPRWA | high: 7.811 % WSO: 3.999 % median: 3.627 % mean: 3.374 % low: -5.422 % |
|
| Return On Capital Employed (ROCE) | 7.431 % | |
| Return On Equity (ROE) | 0.067 | |
| Return On Equity QoQ | 121.438 % | |
| Return On Equity YoY | -4.26 % | |
| Return On Equity IPRWA | high: 0.308 mean: 0.07 WSO: 0.067 median: 0.053 low: -0.074 |
|
| DuPont ROE | 6.769 % | |
| Return On Invested Capital (ROIC) | 7.515 % | |
| Return On Invested Capital QoQ | 132.735 % | |
| Return On Invested Capital YoY | -107.979 % | |
| Return On Invested Capital IPRWA | high: 18.644 % WSO: 7.515 % mean: 6.48 % median: 6.143 % low: -6.648 % |
|