Recent News
Aug 14, 2025 — Board declared a quarterly cash dividend of $0.20 per share, payable Sept. 4, 2025, with record date Aug. 26, 2025. Oct 1, 2025 — Company announced a conference call and webcast scheduled for Oct. 23, 2025 to discuss first-quarter fiscal 2026 results and outlook.
Technical Analysis
Directional indicators show bullish strength: ADX at 26.13 signals a strong trend, DI+ at 35.87 trending higher while DI- at 16.27 displays a peak-and-reversal pattern; that configuration supports a bullish directional bias and implies momentum has traction.
MACD registers at 10.15 with a dip-and-reversal pattern and a signal line at 3.00; MACD trading above its signal line constitutes a bullish momentum confirmation and aligns with recent price strength.
MRO at 32.05 sits positive, indicating the market price currently trades above WMDST’s target and therefore carries a technical risk of a corrective move toward fair-value levels.
RSI at 55.65 trending higher confirms momentum without overbought extremes, while the 12-day EMA showing a dip-and-reversal complements the momentum picture and supports near-term upside continuation. Price closed at $318.53, above the 200-day average $226.88 and above the 20-day average $258.79, signaling an environment where upward bias persists but volatility may produce pullbacks.
Bollinger placement places price above the 1x upper band ($291.37) and below the 2x upper band ($323.94), indicating an extended move within a higher-volatility range. SuperTrend lower support near $288.55 offers a structural reference for downside containment over the next several weeks. Beta measures (42-day 1.88, 52-week 1.64) highlight above-market sensitivity to directional moves and episodic volatility.
Fundamental Analysis
Profitability and margins present a markedly stronger profile than industry comparators: EBIT at $154,800,000 and EBIT margin at 20.49% exceed the industry peer high of 13.92%, while EBIT margin improved QoQ by 8.01% and expanded YoY by 48.60%, supporting a higher operating earnings base. Operating margin at 20.04% and return on sales at 20.04% reflect the same margin expansion trend.
Earnings per share registered $2.43 against an estimate of $2.16, producing an EPS surprise of 12.5% and an absolute EPS beat of $0.27; that surprise corroborates operating leverage and margin gains. EBITDA reached $190,400,000 and operating cash flow produced $258,100,000, while free cash flow totaled $200,100,000, yielding a free cash flow yield of 1.62% and free cash to net income ratio near 1.79x, indicating robust cash conversion relative to reported net income.
Balance-sheet and liquidity metrics show defensive capacity: cash and short-term investments $315,500,000, current ratio 3.65, quick ratio 2.01, and net debt $379,900,000 produce an interest coverage ratio of 9.86, supporting debt service and dividend coverage. Cash conversion cycle at 165.9 days sits above the industry peer mean of 112.57 days, reflecting working-capital intensity driven by inventory and receivables dynamics. Inventory stands at $793,800,000 with days inventory outstanding 140.36; receivables turnover 1.28 suggests longer collect cycles versus the industry peer mean.
Top-line dynamics show mixed signals: total revenue $755,600,000 with reported revenue growth metrics showing QoQ -46.85% and YoY -76.30% on the one hand, and a shorter-term revenue growth figure at 3.93% on the other; sequential declines in revenue cadence contrast with strong margin expansion, implying profitability gains came via pricing, mix, or productivity. Asset turnover 0.2207 closely matches the industry peer mean of 0.2211, indicating similar capital efficiency.
Valuation carries elevated multiples across metrics: PE ratio 114.35 exceeds the industry peer high of 110.68, price-to-book 6.57 sits slightly above the industry peer high of 6.33, and price-to-sales 16.40 outstrips the industry peer high of 9.68. WMDST values the stock as over-valued, reflecting a premium driven by margin expansion and cash generation that already factors expectations for continued outperformance.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-06-30 |
| REPORT DATE: | 2025-10-23 |
| NEXT REPORT DATE: | 2026-01-22 |
| CASH FLOW | Begin Period Cash Flow | $ 151.5 M |
| Operating Cash Flow | $ 258.1 M | |
| Capital Expenditures | $ -58.00 M | |
| Change In Working Capital | $ 102.0 M | |
| Dividends Paid | $ -10.10 M | |
| Cash Flow Delta | $ 164.0 M | |
| End Period Cash Flow | $ 315.5 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 755.6 M | |
| Forward Revenue | $ 164.6 M | |
| COSTS | ||
| Cost Of Revenue | $ 541.6 M | |
| Depreciation | $ 35.6 M | |
| Depreciation and Amortization | $ 35.6 M | |
| Research and Development | — | |
| Total Operating Expenses | $ 604.2 M | |
| PROFITABILITY | ||
| Gross Profit | $ 214.0 M | |
| EBITDA | $ 190.4 M | |
| EBIT | $ 154.8 M | |
| Operating Income | $ 151.4 M | |
| Interest Income | $ 2.0 M | |
| Interest Expense | $ 15.7 M | |
| Net Interest Income | $ -13.70 M | |
| Income Before Tax | $ 139.1 M | |
| Tax Provision | $ 27.4 M | |
| Tax Rate | 19.698 % | |
| Net Income | $ 111.7 M | |
| Net Income From Continuing Operations | $ 111.7 M | |
| EARNINGS | ||
| EPS Estimate | $ 2.16 | |
| EPS Actual | $ 2.43 | |
| EPS Difference | $ 0.27 | |
| EPS Surprise | 12.5 % | |
| Forward EPS | $ 1.96 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 3.5 B | |
| Intangible Assets | $ 236.8 M | |
| Net Tangible Assets | $ 1.7 B | |
| Total Current Assets | $ 1.8 B | |
| Cash and Short-Term Investments | $ 315.5 M | |
| Cash | $ 315.5 M | |
| Net Receivables | $ 575.5 M | |
| Inventory | $ 793.8 M | |
| Long-Term Investments | $ 118.1 M | |
| LIABILITIES | ||
| Accounts Payable | $ 267.4 M | |
| Short-Term Debt | — | |
| Total Current Liabilities | $ 483.7 M | |
| Net Debt | $ 379.9 M | |
| Total Debt | $ 703.4 M | |
| Total Liabilities | $ 1.6 B | |
| EQUITY | ||
| Total Equity | $ 1.9 B | |
| Retained Earnings | $ 1.7 B | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 37.91 | |
| Shares Outstanding | 49.707 M | |
| Revenue Per-Share | $ 15.18 | |
| VALUATION | Market Capitalization | $ 12.4 B |
| Enterprise Value | $ 12.8 B | |
| Enterprise Multiple | 67.129 | |
| Enterprise Multiple QoQ | 21.76 % | |
| Enterprise Multiple YoY | 94.794 % | |
| Enterprise Multiple IPRWA | high: 132.573 CRS: 67.129 mean: 46.272 median: 44.274 low: -57.424 |
|
| EV/R | 16.916 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 1.848 | |
| Asset To Liability | 2.18 | |
| Debt To Capital | 0.272 | |
| Debt To Assets | 0.202 | |
| Debt To Assets QoQ | -3.488 % | |
| Debt To Assets YoY | 7455.431 % | |
| Debt To Assets IPRWA | high: 0.521 mean: 0.229 median: 0.225 CRS: 0.202 low: 0.139 |
|
| Debt To Equity | 0.373 | |
| Debt To Equity QoQ | -5.487 % | |
| Debt To Equity YoY | 6802.963 % | |
| Debt To Equity IPRWA | high: 1.328 mean: 0.413 CRS: 0.373 median: 0.253 low: 0.0 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 6.568 | |
| Price To Book QoQ | 29.895 % | |
| Price To Book YoY | 107.749 % | |
| Price To Book IPRWA | CRS: 6.568 high: 6.329 mean: 1.72 median: 0.815 low: -1.209 |
|
| Price To Earnings (P/E) | 114.352 | |
| Price To Earnings QoQ | 18.771 % | |
| Price To Earnings YoY | 101.183 % | |
| Price To Earnings IPRWA | CRS: 114.352 high: 110.678 median: 64.714 mean: 47.427 low: -75.639 |
|
| PE/G Ratio | 6.515 | |
| Price To Sales (P/S) | 16.402 | |
| Price To Sales QoQ | 32.364 % | |
| Price To Sales YoY | 154.378 % | |
| Price To Sales IPRWA | CRS: 16.402 high: 9.675 mean: 3.334 median: 1.809 low: 0.0 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 116.03 | |
| Forward PE/G | 6.61 | |
| Forward P/S | 75.208 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 3.115 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.221 | |
| Asset Turnover Ratio QoQ | 1.504 % | |
| Asset Turnover Ratio YoY | -10.642 % | |
| Asset Turnover Ratio IPRWA | high: 0.605 mean: 0.221 CRS: 0.221 median: 0.203 low: 0.067 |
|
| Receivables Turnover | 1.283 | |
| Receivables Turnover Ratio QoQ | 3.043 % | |
| Receivables Turnover Ratio YoY | -12.972 % | |
| Receivables Turnover Ratio IPRWA | high: 4.436 median: 2.668 mean: 2.555 low: 1.412 CRS: 1.283 |
|
| Inventory Turnover | 0.669 | |
| Inventory Turnover Ratio QoQ | 4.085 % | |
| Inventory Turnover Ratio YoY | -15.724 % | |
| Inventory Turnover Ratio IPRWA | high: 1.342 median: 1.177 mean: 0.981 CRS: 0.669 low: 0.239 |
|
| Days Sales Outstanding (DSO) | 71.149 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 165.919 | |
| Cash Conversion Cycle Days QoQ | -5.123 % | |
| Cash Conversion Cycle Days YoY | 13.569 % | |
| Cash Conversion Cycle Days IPRWA | high: 185.268 CRS: 165.919 mean: 112.574 median: 103.647 low: 24.703 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 0.59 | |
| CapEx To Revenue | -0.077 | |
| CapEx To Depreciation | -1.629 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 2.6 B | |
| Net Invested Capital | $ 2.6 B | |
| Invested Capital | $ 2.6 B | |
| Net Tangible Assets | $ 1.7 B | |
| Net Working Capital | $ 1.3 B | |
| LIQUIDITY | ||
| Cash Ratio | 0.652 | |
| Current Ratio | 3.648 | |
| Current Ratio QoQ | -2.702 % | |
| Current Ratio YoY | 6.914 % | |
| Current Ratio IPRWA | high: 5.974 CRS: 3.648 median: 2.891 mean: 2.871 low: 0.116 |
|
| Quick Ratio | 2.007 | |
| Quick Ratio QoQ | 6.069 % | |
| Quick Ratio YoY | 9.368 % | |
| Quick Ratio IPRWA | high: 2.621 CRS: 2.007 median: 1.336 mean: 1.147 low: 0.103 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 3.694 | |
| Cost Of Debt | 1.793 % | |
| Interest Coverage Ratio | 9.86 | |
| Interest Coverage Ratio QoQ | 13.685 % | |
| Interest Coverage Ratio YoY | 45.077 % | |
| Interest Coverage Ratio IPRWA | high: 36.343 CRS: 9.86 mean: 4.93 median: 4.659 low: -25.448 |
|
| Operating Cash Flow Ratio | 0.444 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 45.59 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | 11.059 | |
| Dividend Payout Ratio | 0.09 | |
| Dividend Rate | $ 0.20 | |
| Dividend Yield | 0.001 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 3.718 % | |
| Revenue Growth | 3.934 % | |
| Revenue Growth QoQ | -46.845 % | |
| Revenue Growth YoY | -76.303 % | |
| Revenue Growth IPRWA | high: 14.04 % median: 4.484 % CRS: 3.934 % mean: 2.667 % low: -25.546 % |
|
| Earnings Growth | 17.553 % | |
| Earnings Growth QoQ | 32.445 % | |
| Earnings Growth YoY | -66.844 % | |
| Earnings Growth IPRWA | high: 138.095 % median: 26.923 % mean: 18.201 % CRS: 17.553 % low: -80.0 % |
|
| MARGINS | ||
| Gross Margin | 28.322 % | |
| Gross Margin QoQ | 2.542 % | |
| Gross Margin YoY | 18.666 % | |
| Gross Margin IPRWA | high: 29.726 % CRS: 28.322 % median: 21.264 % mean: 18.682 % low: -9.174 % |
|
| EBIT Margin | 20.487 % | |
| EBIT Margin QoQ | 8.008 % | |
| EBIT Margin YoY | 48.597 % | |
| EBIT Margin IPRWA | CRS: 20.487 % high: 13.916 % median: 8.359 % mean: 3.421 % low: -21.333 % |
|
| Return On Sales (ROS) | 20.037 % | |
| Return On Sales QoQ | 5.636 % | |
| Return On Sales YoY | 45.333 % | |
| Return On Sales IPRWA | CRS: 20.037 % high: 16.991 % median: 8.531 % mean: 7.265 % low: -14.431 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 200.1 M | |
| Free Cash Flow Yield | 1.615 % | |
| Free Cash Flow Yield QoQ | 326.121 % | |
| Free Cash Flow Yield YoY | -41.358 % | |
| Free Cash Flow Yield IPRWA | high: 11.512 % CRS: 1.615 % median: 0.81 % mean: -2.639 % low: -23.281 % |
|
| Free Cash Growth | 486.804 % | |
| Free Cash Growth QoQ | -4275.708 % | |
| Free Cash Growth YoY | 277.136 % | |
| Free Cash Growth IPRWA | high: 604.472 % CRS: 486.804 % median: -113.28 % mean: -115.558 % low: -731.25 % |
|
| Free Cash To Net Income | 1.791 | |
| Cash Flow Margin | 28.428 % | |
| Cash Flow To Earnings | 1.923 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | 3.262 % | |
| Return On Assets QoQ | 14.336 % | |
| Return On Assets YoY | 12.716 % | |
| Return On Assets IPRWA | high: 5.623 % CRS: 3.262 % median: 1.884 % mean: 1.138 % low: -4.299 % |
|
| Return On Capital Employed (ROCE) | 5.155 % | |
| Return On Equity (ROE) | 0.059 | |
| Return On Equity QoQ | 10.553 % | |
| Return On Equity YoY | 2.993 % | |
| Return On Equity IPRWA | high: 0.096 CRS: 0.059 median: 0.033 mean: 0.02 low: -0.086 |
|
| DuPont ROE | 6.089 % | |
| Return On Invested Capital (ROIC) | 4.814 % | |
| Return On Invested Capital QoQ | 10.565 % | |
| Return On Invested Capital YoY | -108.347 % | |
| Return On Invested Capital IPRWA | CRS: 4.814 % high: 3.408 % median: 1.47 % mean: 1.132 % low: -4.86 % |
|