Recent News
Nov. 6–7, 2025: Coverage highlights management exploring expanded footprints in U.S. Foreign Trade Zones to address tariff-driven customer demand and pursue targeted acquisitions to bolster North American and aerospace/industrial capabilities. Nov. 6, 2025: An analyst at a major bank raised the price target while maintaining a positive rating on the company, reflecting continued analyst interest following management changes and business wins.
Technical Analysis
Directional indicators present a bearish bias: DI+ shows a peak-and-reversal, while DI– displays a dip-and-reversal; ADX at 16.26 indicates no established trend, making directional signals more vulnerable to short-term whipsaw and emphasizing range-bound risk versus a sustained trending move.
MACD trades negative at -0.02 with a peak-and-reversal profile and remains below its signal line (0.39), signaling bearish momentum and limited upside follow-through until MACD turns up or crosses above the signal line.
MRO reads -16.63, a negative value that indicates the current price sits below the model target, signalling potential upward pressure should momentum indicators ease and buyers re-enter on valuation gaps.
RSI sits at 48.45 with a peak-and-reversal pattern, reflecting recently lost momentum without oversold conditions; this supports a near-term environment where rebounds can occur, but they likely meet resistance unless momentum structure improves.
Price sits beneath short-term averages: the 20-day average at $53.93 and the 50-day at $52.83 exceed the latest close of $50.84, while the 200-day average at $45.79 remains below price—this places the stock between long-term support and near-term moving-average resistance. The 12-day EMA displays a peak-and-reversal pattern, reinforcing short-term selling pressure.
Bollinger bands tighten around the $20-day mean (band width indicated by a 1x std dev of $1.79), with the close below the 1x lower band ($52.14) but above the 2x lower band ($50.35), signaling proximity to the lower volatility boundary rather than an extreme breakout. Ichimoku components cluster near current price levels (Senkou A $51.62; Senkou B $50.38), so cloud structure offers a narrow corridor for price action in the immediate term.
Volume sits slightly below the 10-day average (1,349,100 vs. 1,421,530) while 50/200-day averages show mixed historical participation; recent lower volume on down-moves suggests momentum sellers dominate without heavy capitulation, preserving the possibility of stabilized trading if catalysts arrive. Beta readings (42-day 1.02, 52-week 1.17) indicate stock volatility roughly in line with the market, increasing sensitivity to macro and sector headlines.
Fundamental Analysis
Revenue and margins: Total revenue registers at $3,299,000,000. YoY revenue growth shows -31.885%, while the reported revenue growth metric lists 10.816% for another period; YoY and sequential signals diverge and warrant attention in upcoming reports. Gross margin equals 11.40%, below the industry peer mean of 18.30% and the industry peer median of 17.81%, reflecting tighter product-level economics versus peers.
Profitability: EBIT totals $88,000,000 for an EBIT margin of 2.67%, substantially below the industry peer mean of 22.92% and the industry peer median of 35.18%. Operating margin sits at 3.15%, also under the industry peer mean of 9.20%. Net income registers $26,000,000, while EPS came in at $0.79 versus an estimate of $0.78, producing a modest EPS surprise of 1.28%.
Cash flow and liquidity: Free cash flow equals -$44,000,000 with a free-cash-flow yield of -0.78%. Operating cash flow remains thin at $3,000,000 and cash plus short-term investments total $205,000,000. The cash conversion ratio reads -401.827% and cash-flow-to-earnings sits at 200%, underscoring timing swings and non-cash items that affect reported free cash numbers.
Leverage and coverage: Total debt of $5,557,000,000 produces net debt of $2,481,000,000 and a debt-to-EBITDA multiple of 28.07, indicating elevated leverage relative to operating earnings. Debt-to-equity equals 1.89 and interest coverage stands at 1.96, well below the industry peer mean of 13.63, signaling constrained interest coverage and heightened sensitivity to rate or margin pressure.
Returns: Return on equity equals 0.88% and return on assets equals 0.22%, both reflecting low current profitability on invested capital. Earnings growth metrics show a large positive reading (earnings growth 96.55% and YoY earnings growth 334.49%), indicating recent earnings momentum but alongside weak margins and cash-flow conversion.
Valuation: Price metrics show a trailing PE of 81.97 and a forward PE of 51.94; price-to-book equals 1.92 and enterprise multiple stands at 55.57. The combination of elevated earnings multiples, negative free cash flow, and high leverage underlies WMDST’s current view: the current valuation as determined by WMDST classifies the stock as over-valued. That valuation context increases the need for execution clarity or sustained margin improvement to justify multiples.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-06-30 |
| REPORT DATE: | 2025-11-04 |
| NEXT REPORT DATE: | 2026-02-03 |
| CASH FLOW | Begin Period Cash Flow | $ 382.0 M |
| Operating Cash Flow | $ 3.0 M | |
| Capital Expenditures | $ -47.00 M | |
| Change In Working Capital | $ -133.00 M | |
| Dividends Paid | — | |
| Cash Flow Delta | $ -175.00 M | |
| End Period Cash Flow | $ 207.0 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 3.3 B | |
| Forward Revenue | $ 2.9 B | |
| COSTS | ||
| Cost Of Revenue | $ 2.9 B | |
| Depreciation | $ 110.0 M | |
| Depreciation and Amortization | $ 110.0 M | |
| Research and Development | — | |
| Total Operating Expenses | $ 3.2 B | |
| PROFITABILITY | ||
| Gross Profit | $ 376.0 M | |
| EBITDA | $ 198.0 M | |
| EBIT | $ 88.0 M | |
| Operating Income | $ 104.0 M | |
| Interest Income | $ 9.0 M | |
| Interest Expense | $ 45.0 M | |
| Net Interest Income | $ -36.00 M | |
| Income Before Tax | $ 43.0 M | |
| Tax Provision | $ 15.0 M | |
| Tax Rate | 34.6 % | |
| Net Income | $ 26.0 M | |
| Net Income From Continuing Operations | $ 28.0 M | |
| EARNINGS | ||
| EPS Estimate | $ 0.78 | |
| EPS Actual | $ 0.79 | |
| EPS Difference | $ 0.01 | |
| EPS Surprise | 1.282 % | |
| Forward EPS | $ 0.81 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 11.9 B | |
| Intangible Assets | $ 4.8 B | |
| Net Tangible Assets | $ -1.90 B | |
| Total Current Assets | $ 2.6 B | |
| Cash and Short-Term Investments | $ 205.0 M | |
| Cash | $ 205.0 M | |
| Net Receivables | $ 1.9 B | |
| Inventory | — | |
| Long-Term Investments | $ 592.0 M | |
| LIABILITIES | ||
| Accounts Payable | $ 691.0 M | |
| Short-Term Debt | $ 90.0 M | |
| Total Current Liabilities | $ 3.4 B | |
| Net Debt | $ 2.5 B | |
| Total Debt | $ 5.6 B | |
| Total Liabilities | $ 9.0 B | |
| EQUITY | ||
| Total Equity | $ 2.9 B | |
| Retained Earnings | $ 616.0 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 25.69 | |
| Shares Outstanding | 114.452 M | |
| Revenue Per-Share | $ 28.82 | |
| VALUATION | Market Capitalization | $ 5.7 B |
| Enterprise Value | $ 11.0 B | |
| Enterprise Multiple | 55.57 | |
| Enterprise Multiple QoQ | -65.655 % | |
| Enterprise Multiple YoY | 74.012 % | |
| Enterprise Multiple IPRWA | high: 117.168 GXO: 55.57 mean: 37.018 median: 35.56 low: -30.584 |
|
| EV/R | 3.335 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 4.056 | |
| Asset To Liability | 1.332 | |
| Debt To Capital | 0.654 | |
| Debt To Assets | 0.466 | |
| Debt To Assets QoQ | -0.629 % | |
| Debt To Assets YoY | 2316.805 % | |
| Debt To Assets IPRWA | high: 0.783 GXO: 0.466 mean: 0.172 low: 0.001 median: 0.001 |
|
| Debt To Equity | 1.89 | |
| Debt To Equity QoQ | 2.179 % | |
| Debt To Equity YoY | 2403.828 % | |
| Debt To Equity IPRWA | high: 2.837 GXO: 1.89 mean: 0.64 low: 0.001 median: 0.001 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 1.922 | |
| Price To Book QoQ | 21.903 % | |
| Price To Book YoY | -9.919 % | |
| Price To Book IPRWA | high: 8.353 median: 6.315 mean: 5.292 GXO: 1.922 low: 0.126 |
|
| Price To Earnings (P/E) | 81.967 | |
| Price To Earnings QoQ | -38.507 % | |
| Price To Earnings YoY | -13.012 % | |
| Price To Earnings IPRWA | high: 119.028 GXO: 81.967 mean: 34.904 median: 9.189 low: -53.415 |
|
| PE/G Ratio | 0.849 | |
| Price To Sales (P/S) | 1.713 | |
| Price To Sales QoQ | 12.687 % | |
| Price To Sales YoY | -21.244 % | |
| Price To Sales IPRWA | high: 7.153 median: 3.686 mean: 3.537 GXO: 1.713 low: 0.371 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 51.937 | |
| Forward PE/G | 0.538 | |
| Forward P/S | 1.928 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | -25.517 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.284 | |
| Asset Turnover Ratio QoQ | 7.671 % | |
| Asset Turnover Ratio YoY | 3.41 % | |
| Asset Turnover Ratio IPRWA | high: 0.784 GXO: 0.284 mean: 0.199 median: 0.076 low: 0.02 |
|
| Receivables Turnover | 1.716 | |
| Receivables Turnover Ratio QoQ | 6.464 % | |
| Receivables Turnover Ratio YoY | 7.747 % | |
| Receivables Turnover Ratio IPRWA | high: 2.919 median: 2.058 mean: 1.979 GXO: 1.716 low: 0.633 |
|
| Inventory Turnover | — | |
| Inventory Turnover Ratio QoQ | — | |
| Inventory Turnover Ratio YoY | — | |
| Inventory Turnover Ratio IPRWA | — | |
| Days Sales Outstanding (DSO) | 53.176 | |
| 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 | -4.018 | |
| CapEx To Revenue | -0.014 | |
| CapEx To Depreciation | -0.427 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 5.5 B | |
| Net Invested Capital | $ 5.6 B | |
| Invested Capital | $ 5.6 B | |
| Net Tangible Assets | $ -1.90 B | |
| Net Working Capital | $ -821.00 M | |
| LIQUIDITY | ||
| Cash Ratio | 0.06 | |
| Current Ratio | 0.759 | |
| Current Ratio QoQ | -2.677 % | |
| Current Ratio YoY | -11.263 % | |
| Current Ratio IPRWA | high: 2.152 median: 1.313 mean: 1.261 GXO: 0.759 low: 0.018 |
|
| Quick Ratio | — | |
| Quick Ratio QoQ | — | |
| Quick Ratio YoY | — | |
| Quick Ratio IPRWA | — | |
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 28.066 | |
| Cost Of Debt | 0.539 % | |
| Interest Coverage Ratio | 1.956 | |
| Interest Coverage Ratio QoQ | -268.178 % | |
| Interest Coverage Ratio YoY | -23.576 % | |
| Interest Coverage Ratio IPRWA | high: 44.954 mean: 13.627 median: 9.268 GXO: 1.956 low: -0.25 |
|
| Operating Cash Flow Ratio | 0.015 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 24.138 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | — | |
| Dividend Payout Ratio | — | |
| Dividend Rate | — | |
| Dividend Yield | — | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 5.335 % | |
| Revenue Growth | 10.816 % | |
| Revenue Growth QoQ | -228.762 % | |
| Revenue Growth YoY | -31.885 % | |
| Revenue Growth IPRWA | GXO: 10.816 % high: 8.634 % mean: 0.853 % median: 0.232 % low: -1.508 % |
|
| Earnings Growth | 96.552 % | |
| Earnings Growth QoQ | -235.989 % | |
| Earnings Growth YoY | 334.488 % | |
| Earnings Growth IPRWA | GXO: 96.552 % high: 43.836 % mean: 4.938 % median: -3.788 % low: -21.429 % |
|
| MARGINS | ||
| Gross Margin | 11.397 % | |
| Gross Margin QoQ | 9.45 % | |
| Gross Margin YoY | -9.397 % | |
| Gross Margin IPRWA | high: 24.885 % mean: 18.297 % median: 17.813 % GXO: 11.397 % low: 0.618 % |
|
| EBIT Margin | 2.667 % | |
| EBIT Margin QoQ | -258.75 % | |
| EBIT Margin YoY | -12.758 % | |
| EBIT Margin IPRWA | high: 35.181 % median: 35.181 % mean: 22.923 % GXO: 2.667 % low: -0.141 % |
|
| Return On Sales (ROS) | 3.152 % | |
| Return On Sales QoQ | -287.619 % | |
| Return On Sales YoY | 3.108 % | |
| Return On Sales IPRWA | high: 20.411 % mean: 9.202 % median: 8.586 % GXO: 3.152 % low: 0.629 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ -44.00 M | |
| Free Cash Flow Yield | -0.779 % | |
| Free Cash Flow Yield QoQ | -28.07 % | |
| Free Cash Flow Yield YoY | -278.67 % | |
| Free Cash Flow Yield IPRWA | high: 4.61 % median: 0.343 % mean: 0.044 % GXO: -0.779 % low: -8.76 % |
|
| Free Cash Growth | -10.204 % | |
| Free Cash Growth QoQ | -93.613 % | |
| Free Cash Growth YoY | -95.306 % | |
| Free Cash Growth IPRWA | high: 128.824 % GXO: -10.204 % mean: -79.126 % median: -138.253 % low: -294.67 % |
|
| Free Cash To Net Income | -1.692 | |
| Cash Flow Margin | 1.576 % | |
| Cash Flow To Earnings | 2.0 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.02 | |
| Return On Assets (ROA) | 0.224 % | |
| Return On Assets QoQ | -126.353 % | |
| Return On Assets YoY | -38.798 % | |
| Return On Assets IPRWA | high: 4.26 % median: 2.928 % mean: 2.462 % GXO: 0.224 % low: -0.899 % |
|
| Return On Capital Employed (ROCE) | 1.033 % | |
| Return On Equity (ROE) | 0.009 | |
| Return On Equity QoQ | -126.428 % | |
| Return On Equity YoY | -32.519 % | |
| Return On Equity IPRWA | high: 0.085 mean: 0.047 median: 0.032 GXO: 0.009 low: -0.088 |
|
| DuPont ROE | 0.895 % | |
| Return On Invested Capital (ROIC) | 1.019 % | |
| Return On Invested Capital QoQ | -244.13 % | |
| Return On Invested Capital YoY | -103.925 % | |
| Return On Invested Capital IPRWA | high: 8.045 % mean: 3.07 % median: 2.562 % GXO: 1.019 % low: -0.61 % |
|