Recent News
On August 21, 2025 the Board declared a regular quarterly cash dividend of $0.2525 per share, payable September 15, 2025 to holders of record at the close of business on September 2, 2025.
Technical Analysis
ADX & Directional Indicators: ADX at 33.89 indicates a strong trend strength. DI+ sits at 26.97 and shows a decreasing trend, which reads as bearish; DI- at 13.26 shows a dip-and-reversal, which reads as bearish as well. Together the directional indicators favor downside pressure against recent highs.
MACD: MACD registers 0.67 below its signal line at 0.87 and shows a decreasing trend; that combination constitutes bearish momentum and no bullish MACD crossover appears.
MRO: MRO at 30.62 with a peak-and-reversal indicates the price currently sits above the MRO target and carries a bias toward decreasing toward the target level.
RSI & Short-Term Momentum: RSI at 52.51 with a peak-and-reversal suggests upward momentum peaked recently and momentum has begun to wane.
Price vs Moving Averages and Bands: Closing price $40.15 lies below the 20-day average $42.15 and the 12-day EMA (peak-and-reversal), while remaining above the 200-day average $35.50. Short-term averages and Bollinger band placement (lower 1σ at $41.00) point to short-term weakness inside a longer-term higher base—technical signals therefore favor near-term retracement rather than fresh upside. Beta (42-day) at 2.39 indicates elevated short-term sensitivity; 52-week beta 0.80 shows lower long-run volatility.
Fundamental Analysis
Revenue & Profitability: Total revenue $68,235,000 and YoY revenue growth reads as 4.06%. Gross margin stands at 9.995%, well below the industry peer mean of 43.946% and the industry peer median. Operating margin registers -20.079%, a QoQ change of -290.79% and a YoY change of -239.41%, reflecting material margin compression versus prior periods. EBIT equals $3,938,000, producing an EBIT margin of 5.77%, below the industry peer mean of 21.96% and the industry peer median of 23.11%; EBIT margin fell QoQ by -45.16% and fell YoY by -59.93%.
Cash Flow, Liquidity & Capital Allocation: Cash and short-term investments total $49,402,000 while beginning-period cash flow and end-period cash flow both align with a strong cash stock. Operating cash flow shows -$7,776,000 and free cash flow registers -$10,918,000, producing a free cash flow yield of -3.856%. Cash conversion cycle sits at 122.46 days, close to the industry peer median and above the industry peer mean. Current ratio at 3.91 and quick ratio at 2.90 indicate substantial short-term liquidity relative to total current liabilities $58,194,000.
Capital Structure & Coverage: Total debt $103,658,000 produces debt-to-assets of 16.42%, slightly above the industry peer low but below the industry peer mean of 22.71% and well inside the industry peer range. Debt-to-equity at 25.09% remains below the industry peer mean. Interest coverage sits at 2.03x, below the industry peer mean of 12.00x, signaling tighter coverage of interest expense relative to peers.
Returns & Efficiency: Return on equity 0.789% and return on assets 0.515% trail the industry peer means and medians for their respective metrics. Asset turnover 10.78% falls roughly in line with the industry peer mean of 10.95%. Inventory and receivables turnover trends improved QoQ and YoY, but operating leverage measures reflect sensitivity to revenue swings.
Dividends & Payout: Dividend payout ratio sits near 57.64% with a dividend yield of 0.66% per the provided metrics; the company declared a quarterly cash dividend of $0.2525 per share on August 21, 2025 (news).
Valuation Summary: Enterprise multiple at 80.65x sits slightly below the industry peer mean of 85.35x, while free cash flow yield at -3.856% underperforms the industry peer mean. Price-to-book ratio 0.69 displays a lower market valuation relative to balance-sheet book value and contrasts with the elevated industry peer mean; price-to-sales at 4.15 remains elevated. Given compressed margins, negative free cash flow, tight interest coverage, and the mixed valuation signals, WMDST values the stock as over-valued.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-06-30 |
| REPORT DATE: | 2025-07-31 |
| NEXT REPORT DATE: | 2025-10-30 |
| CASH FLOW | Begin Period Cash Flow | $ 61.9 M |
| Operating Cash Flow | $ -7.78 M | |
| Capital Expenditures | $ -3.14 M | |
| Change In Working Capital | $ -11.04 M | |
| Dividends Paid | $ -1.88 M | |
| Cash Flow Delta | $ -12.48 M | |
| End Period Cash Flow | $ 49.4 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 68.2 M | |
| Forward Revenue | — | |
| COSTS | ||
| Cost Of Revenue | $ 61.4 M | |
| Depreciation | $ -245.00 K | |
| Depreciation and Amortization | $ 245.0 K | |
| Research and Development | — | |
| Total Operating Expenses | $ 81.9 M | |
| PROFITABILITY | ||
| Gross Profit | $ 6.8 M | |
| EBITDA | $ 4.2 M | |
| EBIT | $ 3.9 M | |
| Operating Income | $ -13.70 M | |
| Interest Income | $ 770.0 K | |
| Interest Expense | $ 1.9 M | |
| Net Interest Income | $ -1.17 M | |
| Income Before Tax | $ 2.0 M | |
| Tax Provision | $ -1.27 M | |
| Tax Rate | 21.0 % | |
| Net Income | $ 3.3 M | |
| Net Income From Continuing Operations | $ 3.3 M | |
| EARNINGS | ||
| EPS Estimate | — | |
| EPS Actual | — | |
| EPS Difference | $ 0.00 | |
| EPS Surprise | — | |
| Forward EPS | — | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 631.3 M | |
| Intangible Assets | $ 5.1 M | |
| Net Tangible Assets | $ 408.1 M | |
| Total Current Assets | $ 227.3 M | |
| Cash and Short-Term Investments | $ 49.4 M | |
| Cash | $ 49.4 M | |
| Net Receivables | $ 38.9 M | |
| Inventory | $ 58.6 M | |
| Long-Term Investments | $ 62.1 M | |
| LIABILITIES | ||
| Accounts Payable | $ 14.9 M | |
| Short-Term Debt | $ 4.6 M | |
| Total Current Liabilities | $ 58.2 M | |
| Net Debt | $ 46.1 M | |
| Total Debt | $ 103.7 M | |
| Total Liabilities | $ 218.2 M | |
| EQUITY | ||
| Total Equity | $ 413.1 M | |
| Retained Earnings | $ 377.3 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 55.51 | |
| Shares Outstanding | 7.294 M | |
| Revenue Per-Share | $ 9.17 | |
| VALUATION | Market Capitalization | $ 283.1 M |
| Enterprise Value | $ 337.4 M | |
| Enterprise Multiple | 80.653 | |
| Enterprise Multiple QoQ | 82.669 % | |
| Enterprise Multiple YoY | 222.958 % | |
| Enterprise Multiple IPRWA | high: 98.192 median: 98.192 mean: 85.348 NC: 80.653 low: 43.071 |
|
| EV/R | 4.944 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 1.528 | |
| Asset To Liability | 2.893 | |
| Debt To Capital | 0.201 | |
| Debt To Assets | 0.164 | |
| Debt To Assets QoQ | -0.291 % | |
| Debt To Assets YoY | 188.559 % | |
| Debt To Assets IPRWA | high: 0.579 mean: 0.227 NC: 0.164 low: 0.151 median: 0.151 |
|
| Debt To Equity | 0.251 | |
| Debt To Equity QoQ | -1.704 % | |
| Debt To Equity YoY | 202.411 % | |
| Debt To Equity IPRWA | high: 3.2 mean: 1.258 median: 0.987 low: 0.451 NC: 0.251 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 0.685 | |
| Price To Book QoQ | 4.111 % | |
| Price To Book YoY | 18.749 % | |
| Price To Book IPRWA | high: 18.78 median: 14.299 mean: 12.211 low: 0.907 NC: 0.685 |
|
| Price To Earnings (P/E) | 0.0 | |
| Price To Earnings QoQ | — | |
| Price To Earnings YoY | -100.0 % | |
| Price To Earnings IPRWA | high: 141.405 median: 141.405 mean: 117.933 low: 44.486 NC: 0.0 |
|
| PE/G Ratio | — | |
| Price To Sales (P/S) | 4.149 | |
| Price To Sales QoQ | 1.025 % | |
| Price To Sales YoY | -2.02 % | |
| Price To Sales IPRWA | high: 30.12 median: 24.823 mean: 21.428 NC: 4.149 low: 0.34 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | — | |
| Forward PE/G | — | |
| Forward P/S | — | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | -10.568 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.108 | |
| Asset Turnover Ratio QoQ | 4.093 % | |
| Asset Turnover Ratio YoY | 13.111 % | |
| Asset Turnover Ratio IPRWA | high: 0.198 mean: 0.109 NC: 0.108 median: 0.088 low: 0.06 |
|
| Receivables Turnover | 1.874 | |
| Receivables Turnover Ratio QoQ | 27.832 % | |
| Receivables Turnover Ratio YoY | 41.969 % | |
| Receivables Turnover Ratio IPRWA | high: 2.944 NC: 1.874 mean: 1.612 median: 1.395 low: 1.015 |
|
| Inventory Turnover | 1.009 | |
| Inventory Turnover Ratio QoQ | 42.354 % | |
| Inventory Turnover Ratio YoY | 77.17 % | |
| Inventory Turnover Ratio IPRWA | high: 1.718 NC: 1.009 mean: 0.788 median: 0.628 low: 0.616 |
|
| Days Sales Outstanding (DSO) | 48.705 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 122.459 | |
| Cash Conversion Cycle Days QoQ | -19.432 % | |
| Cash Conversion Cycle Days YoY | -38.088 % | |
| Cash Conversion Cycle Days IPRWA | high: 125.082 median: 123.927 NC: 122.459 mean: 97.082 low: 17.502 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 0.403 | |
| CapEx To Revenue | -0.046 | |
| CapEx To Depreciation | 12.824 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 504.0 M | |
| Net Invested Capital | $ 508.6 M | |
| Invested Capital | $ 508.6 M | |
| Net Tangible Assets | $ 408.1 M | |
| Net Working Capital | $ 169.1 M | |
| LIQUIDITY | ||
| Cash Ratio | 0.849 | |
| Current Ratio | 3.906 | |
| Current Ratio QoQ | 14.279 % | |
| Current Ratio YoY | 38.34 % | |
| Current Ratio IPRWA | NC: 3.906 high: 3.511 mean: 1.172 median: 1.037 low: 0.464 |
|
| Quick Ratio | 2.9 | |
| Quick Ratio QoQ | 17.428 % | |
| Quick Ratio YoY | 60.706 % | |
| Quick Ratio IPRWA | NC: 2.9 high: 2.778 mean: 0.851 median: 0.727 low: 0.34 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 24.781 | |
| Cost Of Debt | 1.476 % | |
| Interest Coverage Ratio | 2.026 | |
| Interest Coverage Ratio QoQ | -47.926 % | |
| Interest Coverage Ratio YoY | -64.774 % | |
| Interest Coverage Ratio IPRWA | high: 16.12 median: 16.12 mean: 12.003 NC: 2.026 low: 1.207 |
|
| Operating Cash Flow Ratio | 0.03 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 25.559 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | 1.735 | |
| Dividend Payout Ratio | 0.576 | |
| Dividend Rate | $ 0.25 | |
| Dividend Yield | 0.007 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | -0.453 % | |
| Revenue Growth | 4.063 % | |
| Revenue Growth QoQ | -159.029 % | |
| Revenue Growth YoY | -329.418 % | |
| Revenue Growth IPRWA | high: 13.692 % median: 10.952 % mean: 8.232 % NC: 4.063 % low: -0.8 % |
|
| Earnings Growth | 0.0 % | |
| Earnings Growth QoQ | — | |
| Earnings Growth YoY | -100.0 % | |
| Earnings Growth IPRWA | high: 44.0 % median: 11.409 % mean: 9.224 % NC: 0.0 % low: -31.765 % |
|
| MARGINS | ||
| Gross Margin | 9.995 % | |
| Gross Margin QoQ | -32.113 % | |
| Gross Margin YoY | -25.449 % | |
| Gross Margin IPRWA | high: 69.222 % mean: 43.946 % median: 37.888 % low: 18.372 % NC: 9.995 % |
|
| EBIT Margin | 5.771 % | |
| EBIT Margin QoQ | -45.163 % | |
| EBIT Margin YoY | -59.932 % | |
| EBIT Margin IPRWA | high: 29.039 % median: 23.108 % mean: 21.96 % NC: 5.771 % low: 3.949 % |
|
| Return On Sales (ROS) | -20.079 % | |
| Return On Sales QoQ | -290.792 % | |
| Return On Sales YoY | -239.408 % | |
| Return On Sales IPRWA | high: 28.211 % mean: 19.564 % median: 19.044 % low: 4.902 % NC: -20.079 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ -10.92 M | |
| Free Cash Flow Yield | -3.856 % | |
| Free Cash Flow Yield QoQ | 174.448 % | |
| Free Cash Flow Yield YoY | 121.609 % | |
| Free Cash Flow Yield IPRWA | high: 1.617 % mean: 0.801 % median: 0.701 % low: 0.351 % NC: -3.856 % |
|
| Free Cash Growth | 188.454 % | |
| Free Cash Growth QoQ | -144.178 % | |
| Free Cash Growth YoY | -324.123 % | |
| Free Cash Growth IPRWA | high: 268.889 % NC: 188.454 % mean: 71.582 % median: 47.502 % low: -452.267 % |
|
| Free Cash To Net Income | -3.349 | |
| Cash Flow Margin | 2.585 % | |
| Cash Flow To Earnings | 0.541 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.03 | |
| Return On Assets (ROA) | 0.515 % | |
| Return On Assets QoQ | -33.463 % | |
| Return On Assets YoY | -52.665 % | |
| Return On Assets IPRWA | high: 3.214 % mean: 1.657 % median: 1.626 % NC: 0.515 % low: 0.032 % |
|
| Return On Capital Employed (ROCE) | 0.687 % | |
| Return On Equity (ROE) | 0.008 | |
| Return On Equity QoQ | -34.14 % | |
| Return On Equity YoY | -49.26 % | |
| Return On Equity IPRWA | high: 0.169 median: 0.106 mean: 0.097 low: 0.01 NC: 0.008 |
|
| DuPont ROE | 0.793 % | |
| Return On Invested Capital (ROIC) | 0.612 % | |
| Return On Invested Capital QoQ | -53.139 % | |
| Return On Invested Capital YoY | -102.581 % | |
| Return On Invested Capital IPRWA | high: 5.614 % median: 5.614 % mean: 4.568 % low: 0.782 % NC: 0.612 % |
|