Technical Analysis
ADX sits at 18.48, below the 20 threshold, which indicates no established trend; this low trend strength reduces conviction behind directional moves despite other bullish signals.
Directional indicators show DI+ at 19.22 with a dip & reversal, a bullish development, while DI- at 27.43 shows a decreasing trajectory; combined, those readings favor upward pressure but lack ADX confirmation for a sustained trend.
MACD reads -2.57 with a dip & reversal while the MACD signal equals -2.42; MACD currently trades below its signal line, but the dip & reversal trend indicates shifting momentum toward bullishness rather than continued downside acceleration.
MRO registers 3.2 with a peak & reversal; the positive MRO suggests price sits above model target and carries a bias toward corrective weakness near-term, which contrasts with the bullish DI+ signal and warrants caution.
RSI stands at 46.82 with a dip & reversal; that level reflects neutral-to-slightly-weak momentum while the recent reversal signals relief from prior selling pressure and room for a measured advance toward the 50–60 range.
Price behavior against averages: close at $170.53 sits above the 200-day average of $162.84 but below the 50-day average of $176.74, indicating intermediate resistance overhead. The 12-day and 26-day EMAs show a dip & reversal, supporting a near-term recovery attempt.
Bollinger bands place the 1x upper band at $178.15 and the 1x lower band at $161.99; current price occupies the middle band area, suggesting range-bound action until a decisive volatility expansion. Ichimoku components (Senkou A/B ≈ $180.9/$180.81) sit above price and supply resistance around the $180 level.
Volume at 233,311 trails the 10-day average of 312,878, which reduces conviction behind recent direction; 42-day beta 0.34 signals muted sensitivity to market swings over the near term, while 52-week beta 1.07 indicates broader historical market coupling.
Fundamental Analysis
Revenue totaled $447,093,000 with revenue growth reported at 9.882%; the quarter-over-quarter revenue change reads -61.058% and year-over-year revenue growth shows -205.116% per provided figures, which reflect sizeable intra-period fluctuation and warrant close monitoring of seasonality and timing effects.
Operating performance strengthened: operating margin (EBIT margin) equals 21.534%, up 7.273 percentage points QoQ and up 18.105 percentage points YoY. That operating margin sits below the industry peer mean of 46.976% and below the industry peer median of 46.786%, while remaining above the industry peer low of 1.27%.
EBIT reached $96,278,000 and EBITDA $104,139,000. Net income totaled $39,839,000 while operating cash flow amounted to $256,103,000 and free cash flow measured $240,896,000, yielding a free cash flow yield of 5.644%—above the industry peer mean of 0.507% and offering a stronger cash-generation profile than typical peers.
EPS actual came in at $1.85 versus an estimate of $1.40, producing an EPS surprise of 32.143%; forward EPS reads $1.3225 with a forward PE of 133.74, while trailing PE equals 94.93, indicating market expectations priced for elevated future multiples despite recent upside to earnings.
Balance-sheet and liquidity metrics show current ratio 9.87 and cash plus short-term investments at $400,452,000; cash ratio 5.12 signals ample near-term liquidity. Debt measures include total debt $413,207,000, debt-to-equity 1.80765 and debt-to-EBITDA 3.97, with interest coverage near 5.67x, which supports servicing obligations while leverage sits modestly above the industry peer mean debt-to-assets value.
Return metrics register return on equity at 17.428% and return on invested capital at 34.711%; ROE exceeds the industry peer mean of 5.676% and the industry peer median of 4.6%, reflecting effective capital deployment relative to peers where comparative data exist.
WMDST values the stock as under-valued. Valuation multiples show an enterprise multiple near 41.11 and market capitalization about $4.27B; the combination of improved margins, strong free cash flow yield, and a meaningful EPS beat underpins WMDST’s indicated under-valued verdict while elevated P/B and forward PE reflect market premium expectations.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-09-30 |
| REPORT DATE: | 2025-11-04 |
| NEXT REPORT DATE: | 2026-02-03 |
| CASH FLOW | Begin Period Cash Flow | $ 214.6 M |
| Operating Cash Flow | $ 256.1 M | |
| Capital Expenditures | $ -15.21 M | |
| Change In Working Capital | $ 127.7 M | |
| Dividends Paid | $ -6.08 M | |
| Cash Flow Delta | $ 185.8 M | |
| End Period Cash Flow | $ 400.5 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 447.1 M | |
| Forward Revenue | $ 90.2 M | |
| COSTS | ||
| Cost Of Revenue | $ 303.3 M | |
| Depreciation | $ 7.9 M | |
| Depreciation and Amortization | $ 7.9 M | |
| Research and Development | — | |
| Total Operating Expenses | $ 350.8 M | |
| PROFITABILITY | ||
| Gross Profit | $ 143.8 M | |
| EBITDA | $ 104.1 M | |
| EBIT | $ 96.3 M | |
| Operating Income | $ 96.3 M | |
| Interest Income | — | |
| Interest Expense | — | |
| Net Interest Income | — | |
| Income Before Tax | $ 91.0 M | |
| Tax Provision | $ 16.0 M | |
| Tax Rate | 17.587 % | |
| Net Income | $ 39.8 M | |
| Net Income From Continuing Operations | $ 75.0 M | |
| EARNINGS | ||
| EPS Estimate | $ 1.40 | |
| EPS Actual | $ 1.85 | |
| EPS Difference | $ 0.45 | |
| EPS Surprise | 32.143 % | |
| Forward EPS | $ 1.32 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 1.7 B | |
| Intangible Assets | $ 200.3 M | |
| Net Tangible Assets | $ 28.3 M | |
| Total Current Assets | $ 771.8 M | |
| Cash and Short-Term Investments | $ 400.5 M | |
| Cash | $ 400.5 M | |
| Net Receivables | $ 371.3 M | |
| Inventory | — | |
| Long-Term Investments | $ 149.4 M | |
| LIABILITIES | ||
| Accounts Payable | $ 30.1 M | |
| Short-Term Debt | — | |
| Total Current Liabilities | $ 78.2 M | |
| Net Debt | — | |
| Total Debt | $ 413.2 M | |
| Total Liabilities | $ 788.7 M | |
| EQUITY | ||
| Total Equity | $ 228.6 M | |
| Retained Earnings | $ 336.9 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 9.41 | |
| Shares Outstanding | 24.303 M | |
| Revenue Per-Share | $ 18.40 | |
| VALUATION | Market Capitalization | $ 4.3 B |
| Enterprise Value | $ 4.3 B | |
| Enterprise Multiple | 41.106 | |
| Enterprise Multiple QoQ | -17.678 % | |
| Enterprise Multiple YoY | -7.935 % | |
| Enterprise Multiple IPRWA | high: 154.196 median: 74.574 mean: 62.09 PJT: 41.106 low: -48.808 |
|
| EV/R | 9.575 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 7.521 | |
| Asset To Liability | 2.18 | |
| Debt To Capital | 0.644 | |
| Debt To Assets | 0.24 | |
| Debt To Assets QoQ | -12.389 % | |
| Debt To Assets YoY | 4716.834 % | |
| Debt To Assets IPRWA | high: 0.702 PJT: 0.24 mean: 0.208 median: 0.205 low: 0.001 |
|
| Debt To Equity | 1.808 | |
| Debt To Equity QoQ | -27.007 % | |
| Debt To Equity YoY | 3594.359 % | |
| Debt To Equity IPRWA | high: 4.223 PJT: 1.808 mean: 1.716 median: 1.429 low: -1.625 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 18.671 | |
| Price To Book QoQ | -26.76 % | |
| Price To Book YoY | -4.379 % | |
| Price To Book IPRWA | PJT: 18.671 high: 10.768 mean: 3.879 median: 3.507 low: 0.006 |
|
| Price To Earnings (P/E) | 94.929 | |
| Price To Earnings QoQ | -10.729 % | |
| Price To Earnings YoY | -32.588 % | |
| Price To Earnings IPRWA | high: 137.814 PJT: 94.929 mean: 81.112 median: 65.815 low: -63.838 |
|
| PE/G Ratio | 4.716 | |
| Price To Sales (P/S) | 9.546 | |
| Price To Sales QoQ | -9.005 % | |
| Price To Sales YoY | 0.265 % | |
| Price To Sales IPRWA | high: 99.464 mean: 29.68 median: 21.477 PJT: 9.546 low: -27.133 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 133.738 | |
| Forward PE/G | 6.644 | |
| Forward P/S | 47.331 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 1.809 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.277 | |
| Asset Turnover Ratio QoQ | -1.086 % | |
| Asset Turnover Ratio YoY | 26.267 % | |
| Asset Turnover Ratio IPRWA | PJT: 0.277 high: 0.217 mean: 0.039 median: 0.014 low: -0.046 |
|
| Receivables Turnover | 1.224 | |
| Receivables Turnover Ratio QoQ | 4.962 % | |
| Receivables Turnover Ratio YoY | 28.948 % | |
| Receivables Turnover Ratio IPRWA | high: 12.273 mean: 2.439 PJT: 1.224 median: 0.323 low: 0.069 |
|
| Inventory Turnover | — | |
| Inventory Turnover Ratio QoQ | — | |
| Inventory Turnover Ratio YoY | — | |
| Inventory Turnover Ratio IPRWA | — | |
| Days Sales Outstanding (DSO) | 74.523 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 62.967 | |
| Cash Conversion Cycle Days QoQ | — | |
| Cash Conversion Cycle Days YoY | — | |
| Cash Conversion Cycle Days IPRWA | high: 302.703 PJT: 62.967 median: 4.462 mean: 0.062 low: -152.15 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 0.645 | |
| CapEx To Revenue | -0.034 | |
| CapEx To Depreciation | -1.934 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 228.6 M | |
| Net Invested Capital | $ 228.6 M | |
| Invested Capital | $ 228.6 M | |
| Net Tangible Assets | $ 28.3 M | |
| Net Working Capital | $ 693.6 M | |
| LIQUIDITY | ||
| Cash Ratio | 5.124 | |
| Current Ratio | 9.874 | |
| Current Ratio QoQ | 57.348 % | |
| Current Ratio YoY | 67.513 % | |
| Current Ratio IPRWA | PJT: 9.874 high: 5.727 mean: 2.142 median: 1.84 low: 0.04 |
|
| Quick Ratio | — | |
| Quick Ratio QoQ | — | |
| Quick Ratio YoY | — | |
| Quick Ratio IPRWA | — | |
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 3.968 | |
| Cost Of Debt | 3.379 % | |
| Interest Coverage Ratio | 5.673 | |
| Interest Coverage Ratio QoQ | 17.877 % | |
| Interest Coverage Ratio YoY | 61.82 % | |
| Interest Coverage Ratio IPRWA | high: 67.161 mean: 16.935 median: 14.976 PJT: 5.673 low: -12.061 |
|
| Operating Cash Flow Ratio | 0.326 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 11.556 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | 6.547 | |
| Dividend Payout Ratio | 0.153 | |
| Dividend Rate | $ 0.25 | |
| Dividend Yield | 0.001 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 13.745 % | |
| Revenue Growth | 9.882 % | |
| Revenue Growth QoQ | -61.058 % | |
| Revenue Growth YoY | -205.116 % | |
| Revenue Growth IPRWA | high: 69.829 % PJT: 9.882 % mean: 5.426 % median: 4.354 % low: -117.958 % |
|
| Earnings Growth | 20.13 % | |
| Earnings Growth QoQ | -56.865 % | |
| Earnings Growth YoY | -192.132 % | |
| Earnings Growth IPRWA | high: 69.444 % PJT: 20.13 % mean: 14.256 % median: 13.021 % low: -46.667 % |
|
| MARGINS | ||
| Gross Margin | 32.155 % | |
| Gross Margin QoQ | 0.604 % | |
| Gross Margin YoY | 5.426 % | |
| Gross Margin IPRWA | high: 96.172 % median: 66.754 % mean: 63.53 % PJT: 32.155 % low: 24.659 % |
|
| EBIT Margin | 21.534 % | |
| EBIT Margin QoQ | 7.273 % | |
| EBIT Margin YoY | 18.105 % | |
| EBIT Margin IPRWA | high: 79.409 % mean: 46.976 % median: 46.786 % PJT: 21.534 % low: 1.27 % |
|
| Return On Sales (ROS) | 21.534 % | |
| Return On Sales QoQ | 7.273 % | |
| Return On Sales YoY | 18.105 % | |
| Return On Sales IPRWA | high: 66.93 % mean: 36.376 % median: 32.292 % PJT: 21.534 % low: 8.271 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 240.9 M | |
| Free Cash Flow Yield | 5.644 % | |
| Free Cash Flow Yield QoQ | 34.67 % | |
| Free Cash Flow Yield YoY | -1.792 % | |
| Free Cash Flow Yield IPRWA | high: 25.309 % PJT: 5.644 % median: 0.818 % mean: 0.507 % low: -19.692 % |
|
| Free Cash Growth | 34.647 % | |
| Free Cash Growth QoQ | -110.512 % | |
| Free Cash Growth YoY | -561.345 % | |
| Free Cash Growth IPRWA | high: 532.988 % PJT: 34.647 % mean: -11.864 % median: -59.161 % low: -404.556 % |
|
| Free Cash To Net Income | 6.047 | |
| Cash Flow Margin | 5.699 % | |
| Cash Flow To Earnings | 0.64 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | 2.466 % | |
| Return On Assets QoQ | 8.97 % | |
| Return On Assets YoY | 65.726 % | |
| Return On Assets IPRWA | high: 6.002 % PJT: 2.466 % mean: 1.163 % median: 0.495 % low: -1.377 % |
|
| Return On Capital Employed (ROCE) | 5.867 % | |
| Return On Equity (ROE) | 0.174 | |
| Return On Equity QoQ | -11.303 % | |
| Return On Equity YoY | 25.192 % | |
| Return On Equity IPRWA | PJT: 0.174 high: 0.166 mean: 0.057 median: 0.046 low: -0.039 |
|
| DuPont ROE | 20.12 % | |
| Return On Invested Capital (ROIC) | 34.711 % | |
| Return On Invested Capital QoQ | -11.422 % | |
| Return On Invested Capital YoY | -198.906 % | |
| Return On Invested Capital IPRWA | PJT: 34.711 % high: 14.879 % mean: 4.574 % median: 3.359 % low: 0.148 % |
|