Recent News
On October 23, 2025 the company announced third-quarter operating results and declared a $0.20 per share quarterly dividend payable November 21, 2025 (record date November 10, 2025). On October 9, 2025 the company set the date for its third-quarter earnings webcast and conference call for October 23, 2025. On September 15, 2025 multiple SEC filings appeared, including Schedule 13D/A and Form 4 filings.
Technical Analysis
ADX at 25.01 signals a strong trend; that strength increases sensitivity to directional shifts and frames the near-term price bias toward trend continuation or exhaustion rather than range-bound noise.
DI+ registered at 32.13 with a peak-and-reversal, a bearish reading that reduces upside conviction relative to recent advances.
DI- sits at 20.02 with a dip-and-reversal, a bearish read that reinforces downside pressure alongside the DI+ reversal.
MACD reads 0.05 with a peak-and-reversal, indicating bearish momentum; the MACD sits just above its 0.00 signal line, creating a minor bullish crossover that conflicts with the peak reversal and suggests any bullish cross may lack follow-through.
MRO at 15.58 remains positive, indicating price currently sits above model target and faces a bias toward downward adjustment; the peak-and-reversal on the MRO strengthens the case for a pullback toward value-based levels.
RSI at 54.5 with a peak-and-reversal signals fading bullish momentum rather than an overbought condition, consistent with other indicators pointing to moderation rather than acceleration.
Price interactions with averages show price close $43.35 above the 200-day average $35.98 and slightly above the 20-day average $43.04, but below the 50-day average $43.58; the 12-day EMA at $43.34 shows a peak-and-reversal, indicating consolidation near short-term averages and increasing the likelihood of a near-term retracement toward support near the super trend lower $42.57 or the 20-day band lower bound $41.76.
Fundamental Analysis
Q3 results delivered an earnings beat: GAAP EPS $1.27 versus an estimate of $1.06, a $0.21 outperformance and an EPS surprise of 19.81%. Use of the Q3 EPS figure supports the improvement in quarterly profitability and the company’s decision to declare a $0.20 quarterly dividend.
Profitability metrics show return on assets at 0.283% and return on equity at 3.208%; both improved on a quarter-over-quarter basis (ROA QoQ +32.24%, ROE QoQ +28.17%) and showed sizable year-over-year gains (ROA YoY +686.11%, ROE YoY +665.63%), reflecting recent operating leverage and capital growth.
Valuation ratios present mixed signals. Trailing P/E sits at 30.82, below the industry peer mean of 42.38 and below the industry peer median of 39.91. Price-to-book at 1.07 sits above the industry peer mean of 0.78 and slightly above the peer median of 0.99. Price-to-sales registers 11.63, above the industry peer mean of 5.14. Forward P/E stands at 37.83, modestly below the industry peer mean of 39.13.
Cash flow and capital structure show strengths and constraints. Free cash flow yield equals 2.02%, below the industry peer mean of 12.67%. Cash on hand totaled $313,998,000 with ending operating cash flow $322,464,000. Debt-to-assets equals 4.47%, well below the industry peer mean of 16.12%, and debt-to-equity equals 51.03%, also below the industry peer mean of 201.63%—both indicate conservative leverage relative to peers.
Growth and coverage: revenue growth on the available metric reads 10.08% while YoY revenue change shows -14.91%. Reported earnings growth equals 32.18% versus an industry peer mean that includes negative values; free cash growth shows strong positive change (59.17%). The dividend yield sits near 0.52% with a payout ratio of 17.21% and dividend coverage around 581.07%, indicating dividends remain comfortably covered by earnings and cash flow.
WMDST values the stock as over-valued based on the combination of elevated price-to-sales and low free cash flow yield relative to peer benchmarks, despite improving earnings and conservative leverage that support intrinsic stability.
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 | $ 304.9 M |
| Operating Cash Flow | $ 6.5 M | |
| Capital Expenditures | $ -378.00 K | |
| Change In Working Capital | $ -1.04 M | |
| Dividends Paid | $ -1.56 M | |
| Cash Flow Delta | $ 17.5 M | |
| End Period Cash Flow | $ 322.5 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 25.9 M | |
| Forward Revenue | $ 5.0 M | |
| COSTS | ||
| Cost Of Revenue | — | |
| Depreciation | $ 1.0 M | |
| Depreciation and Amortization | $ 1.0 M | |
| Research and Development | — | |
| Total Operating Expenses | — | |
| PROFITABILITY | ||
| Gross Profit | — | |
| EBITDA | — | |
| EBIT | — | |
| Operating Income | — | |
| Interest Income | $ 48.6 M | |
| Interest Expense | $ 24.7 M | |
| Net Interest Income | $ 23.9 M | |
| Income Before Tax | $ 11.8 M | |
| Tax Provision | $ 2.7 M | |
| Tax Rate | 23.068 % | |
| Net Income | $ 9.1 M | |
| Net Income From Continuing Operations | $ 9.1 M | |
| EARNINGS | ||
| EPS Estimate | $ 1.06 | |
| EPS Actual | $ 1.27 | |
| EPS Difference | $ 0.21 | |
| EPS Surprise | 19.811 % | |
| Forward EPS | $ 0.89 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 3.2 B | |
| Intangible Assets | $ 2.6 M | |
| Net Tangible Assets | $ 280.7 M | |
| Total Current Assets | — | |
| Cash and Short-Term Investments | — | |
| Cash | $ 314.0 M | |
| Net Receivables | $ 14.7 M | |
| Inventory | — | |
| Long-Term Investments | — | |
| LIABILITIES | ||
| Accounts Payable | — | |
| Short-Term Debt | — | |
| Total Current Liabilities | — | |
| Net Debt | — | |
| Total Debt | $ 144.6 M | |
| Total Liabilities | $ 3.0 B | |
| EQUITY | ||
| Total Equity | $ 283.3 M | |
| Retained Earnings | $ 165.5 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 35.98 | |
| Shares Outstanding | 7.873 M | |
| Revenue Per-Share | $ 3.30 | |
| VALUATION | Market Capitalization | $ 301.9 M |
| Enterprise Value | $ 446.5 M | |
| Enterprise Multiple | — | |
| Enterprise Multiple QoQ | — | |
| Enterprise Multiple YoY | — | |
| Enterprise Multiple IPRWA | — | |
| EV/R | 17.206 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 11.425 | |
| Asset To Liability | 1.096 | |
| Debt To Capital | 0.338 | |
| Debt To Assets | 0.045 | |
| Debt To Assets QoQ | 29.855 % | |
| Debt To Assets YoY | -11.911 % | |
| Debt To Assets IPRWA | high: 0.24 median: 0.161 mean: 0.161 BWFG: 0.045 low: 0.006 |
|
| Debt To Equity | 0.51 | |
| Debt To Equity QoQ | 28.252 % | |
| Debt To Equity YoY | -14.486 % | |
| Debt To Equity IPRWA | high: 4.097 median: 2.302 mean: 2.016 BWFG: 0.51 low: 0.079 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 1.066 | |
| Price To Book QoQ | 24.634 % | |
| Price To Book YoY | 49.635 % | |
| Price To Book IPRWA | high: 3.278 BWFG: 1.066 median: 0.995 mean: 0.783 low: 0.0 |
|
| Price To Earnings (P/E) | 30.825 | |
| Price To Earnings QoQ | -10.102 % | |
| Price To Earnings YoY | -82.145 % | |
| Price To Earnings IPRWA | high: 80.502 mean: 42.38 median: 39.912 BWFG: 30.825 low: 0.013 |
|
| PE/G Ratio | 0.958 | |
| Price To Sales (P/S) | 11.634 | |
| Price To Sales QoQ | 16.539 % | |
| Price To Sales YoY | 34.02 % | |
| Price To Sales IPRWA | high: 28.205 BWFG: 11.634 median: 5.436 mean: 5.143 low: 0.005 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 37.827 | |
| Forward PE/G | 1.175 | |
| Forward P/S | 60.353 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | — | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.008 | |
| Asset Turnover Ratio QoQ | 10.534 % | |
| Asset Turnover Ratio YoY | 16.092 % | |
| Asset Turnover Ratio IPRWA | high: 0.024 median: 0.012 mean: 0.012 BWFG: 0.008 low: 0.003 |
|
| Receivables Turnover | 1.721 | |
| Receivables Turnover Ratio QoQ | 9.332 % | |
| Receivables Turnover Ratio YoY | 17.015 % | |
| Receivables Turnover Ratio IPRWA | high: 3.454 median: 3.285 mean: 2.874 BWFG: 1.721 low: 0.17 |
|
| Inventory Turnover | — | |
| Inventory Turnover Ratio QoQ | — | |
| Inventory Turnover Ratio YoY | — | |
| Inventory Turnover Ratio IPRWA | — | |
| Days Sales Outstanding (DSO) | 53.013 | |
| 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 | — | |
| CapEx To Revenue | -0.015 | |
| CapEx To Depreciation | -0.377 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 427.9 M | |
| Net Invested Capital | $ 427.9 M | |
| Invested Capital | $ 427.9 M | |
| Net Tangible Assets | $ 280.7 M | |
| Net Working Capital | — | |
| LIQUIDITY | ||
| Cash Ratio | — | |
| Current Ratio | — | |
| Current Ratio QoQ | — | |
| Current Ratio YoY | — | |
| Current Ratio IPRWA | — | |
| Quick Ratio | — | |
| Quick Ratio QoQ | — | |
| Quick Ratio YoY | — | |
| Quick Ratio IPRWA | — | |
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | — | |
| Cost Of Debt | 14.965 % | |
| Interest Coverage Ratio | — | |
| Interest Coverage Ratio QoQ | — | |
| Interest Coverage Ratio YoY | — | |
| Interest Coverage Ratio IPRWA | — | |
| Operating Cash Flow Ratio | — | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | — | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | 5.811 | |
| Dividend Payout Ratio | 0.172 | |
| Dividend Rate | $ 0.20 | |
| Dividend Yield | 0.005 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 1.655 % | |
| Revenue Growth | 10.084 % | |
| Revenue Growth QoQ | -11.373 % | |
| Revenue Growth YoY | -1490.897 % | |
| Revenue Growth IPRWA | high: 29.43 % mean: 11.966 % BWFG: 10.084 % median: 1.72 % low: -19.894 % |
|
| Earnings Growth | 32.184 % | |
| Earnings Growth QoQ | -81.275 % | |
| Earnings Growth YoY | -145.436 % | |
| Earnings Growth IPRWA | high: 56.85 % BWFG: 32.184 % mean: -3.218 % median: -3.226 % low: -38.235 % |
|
| MARGINS | ||
| Gross Margin | — | |
| Gross Margin QoQ | — | |
| Gross Margin YoY | — | |
| Gross Margin IPRWA | — | |
| EBIT Margin | — | |
| EBIT Margin QoQ | — | |
| EBIT Margin YoY | — | |
| EBIT Margin IPRWA | — | |
| Return On Sales (ROS) | — | |
| Return On Sales QoQ | — | |
| Return On Sales YoY | — | |
| Return On Sales IPRWA | — | |
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 6.1 M | |
| Free Cash Flow Yield | 2.018 % | |
| Free Cash Flow Yield QoQ | 24.032 % | |
| Free Cash Flow Yield YoY | -43.41 % | |
| Free Cash Flow Yield IPRWA | high: 15.466 % median: 15.466 % mean: 12.671 % BWFG: 2.018 % low: -3.9 % |
|
| Free Cash Growth | 59.169 % | |
| Free Cash Growth QoQ | -180.862 % | |
| Free Cash Growth YoY | -344.379 % | |
| Free Cash Growth IPRWA | high: 353.711 % BWFG: 59.169 % mean: -43.247 % median: -65.02 % low: -812.632 % |
|
| Free Cash To Net Income | 0.67 | |
| Cash Flow Margin | 41.464 % | |
| Cash Flow To Earnings | 1.184 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.07 | |
| Return On Assets (ROA) | 0.283 % | |
| Return On Assets QoQ | 32.243 % | |
| Return On Assets YoY | 686.111 % | |
| Return On Assets IPRWA | high: 0.613 % median: 0.409 % mean: 0.398 % BWFG: 0.283 % low: 0.049 % |
|
| Return On Capital Employed (ROCE) | — | |
| Return On Equity (ROE) | 0.032 | |
| Return On Equity QoQ | 28.166 % | |
| Return On Equity YoY | 665.632 % | |
| Return On Equity IPRWA | high: 0.055 median: 0.041 mean: 0.041 BWFG: 0.032 low: 0.004 |
|
| DuPont ROE | 3.253 % | |
| Return On Invested Capital (ROIC) | — | |
| Return On Invested Capital QoQ | — | |
| Return On Invested Capital YoY | — | |
| Return On Invested Capital IPRWA | — | |