Recent News
On October 24, 2025 the company’s board declared a quarterly cash dividend of $0.53 per share, a 2% increase payable December 18, 2025 to holders of record December 8, 2025. On October 15, 2025 a market report noted rising relative strength ratings and described a technical breakout past a pattern entry, with improved recent revenue and earnings trends cited ahead of the company’s November reporting cadence.
Technical Analysis
Directional indicators (ADX / DI+ / DI-): ADX at 17.69 indicates no strong trend, limiting conviction in sustained directional moves; however DI+ at 21.88 shows an increasing bias while DI- at 23.38 trends downward, creating a directional tilt that favors upside momentum versus downside pressure. Practically, directional readings imply bullish intent but without forceful trend strength.
MACD and momentum crossover: MACD at -0.85 sits above the MACD signal line at -1.66, and MACD shows an increasing trajectory; that crossover constitutes a bullish momentum signal and supports the case for further near-term upside momentum, especially while broader trend strength remains muted.
MRO (Momentum/Regression Oscillator): MRO at -24.32 registers negative, indicating the market price sits below the model target and therefore carries potential to move higher; the MRO shows a dip-and-reversal pattern, reinforcing upward reversion pressure toward intrinsic valuation levels.
RSI and price action vs averages: RSI at 49.77 and rising signals neutral-to-mild bullish momentum without overbought conditions. Price at $78.25 trades above the 200-day average of $69.61 and the 12-day EMA ($74.09, increasing), while sitting near the upper Bollinger band range (upper 1x at $75.69 and upper 2x at $78.86), suggesting recent strength with limited immediate headroom before encountering short-term resistance.
Support and volatility context: Super trend support at $70.55 and Ichimoku baseline levels near $77.78 provide visible support zones; 42- and 52-week betas (1.05, 1.26) indicate above-market sensitivity, so price swings may amplify on macro or sector moves. Low ADX cautions that breakouts may remain choppy without follow-through.
Fundamental Analysis
Top-line and earnings: Total revenue stands at $853,215,000 with revenue growth reported at 29.62%; a separate year-over-year revenue growth figure lists 183.99% and should be noted as an available YoY metric. Forward revenue projects at $443,686,900. Reported EPS came in at $1.44 versus an estimate of $1.40, producing an EPS surprise of 2.86%.
Profitability and margins: EBIT equals $60,292,000 and EBIT margin measures 7.07%, below the industry peer mean of 12.797% and slightly below the industry peer median of 7.91%. Operating margin at 7.73% declined QoQ by 35.24% and YoY by 47.14%, indicating margin compression despite top-line growth. Gross margin sits at 41.275% and trended down QoQ and YoY by 10.87% and 7.64% respectively.
Cash flow and capital allocation: Free cash flow reached $54,902,000, with a free cash flow yield of 1.26%, above the industry peer mean free cash flow yield of 0.21%. Operating cash flow totaled $64,146,000 while capital expenditures amounted to $9,244,000. Dividend payout ratio equals 78.23% with dividend coverage at 1.28 and the company recently raised the quarterly payout to $0.53, supporting a continuing cash-return posture.
Balance sheet and leverage: Total debt stands at $1,500,437,000 with net debt of $1,259,689,000. Debt-to-equity measures 2.833 and debt-to-assets equals 0.524, both materially above the industry peer mean levels; debt-to-EBITDA measures 20.01, indicating elevated leverage relative to earnings. Interest coverage equals 3.18 but declined QoQ and YoY, reflecting tighter headroom as interest expense rose.
Efficiency and returns: Asset turnover sits at 0.3058, roughly in line with the industry peer mean of 0.3098. Return on equity measures 6.976%, slightly above the industry peer mean of 6.574% and the industry peer median of 5.398%; return on assets at 1.324% falls below the industry peer mean. Working capital and cash conversion cycle lengthen remain notable: cash conversion cycle at 143.78 days exceeds the industry peer mean of 105.11 days, driven by inventory days outstanding of 187.25.
Valuation summary: WMDST values the stock as under-valued. Price multiples show P/E at 54.38 with forward P/E at 53.37, and price-to-book at 8.22 sits above the industry peer mean of 6.8806 and slightly above the peer median of 7.9225. Enterprise multiple measures 76.95, near the peer mean. Free cash flow yield above peer mean and the recent dividend increase support the under-valued designation despite elevated leverage and compressed margins.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-09-30 |
| REPORT DATE: | 2025-11-03 |
| NEXT REPORT DATE: | 2026-02-02 |
| CASH FLOW | Begin Period Cash Flow | $ 107.5 M |
| Operating Cash Flow | $ 64.1 M | |
| Capital Expenditures | $ -9.24 M | |
| Change In Working Capital | $ 21.8 M | |
| Dividends Paid | $ -28.90 M | |
| Cash Flow Delta | $ -25.05 M | |
| End Period Cash Flow | $ 82.4 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 853.2 M | |
| Forward Revenue | $ 443.7 M | |
| COSTS | ||
| Cost Of Revenue | $ 501.1 M | |
| Depreciation | $ 14.7 M | |
| Depreciation and Amortization | $ 14.7 M | |
| Research and Development | — | |
| Total Operating Expenses | $ 787.3 M | |
| PROFITABILITY | ||
| Gross Profit | $ 352.2 M | |
| EBITDA | $ 75.0 M | |
| EBIT | $ 60.3 M | |
| Operating Income | $ 65.9 M | |
| Interest Income | $ 349.0 K | |
| Interest Expense | $ 19.0 M | |
| Net Interest Income | $ -18.62 M | |
| Income Before Tax | $ 41.3 M | |
| Tax Provision | $ 6.0 M | |
| Tax Rate | 14.545 % | |
| Net Income | $ 36.9 M | |
| Net Income From Continuing Operations | $ 36.9 M | |
| EARNINGS | ||
| EPS Estimate | $ 1.40 | |
| EPS Actual | $ 1.44 | |
| EPS Difference | $ 0.04 | |
| EPS Surprise | 2.857 % | |
| Forward EPS | $ 1.38 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 2.9 B | |
| Intangible Assets | $ 973.2 M | |
| Net Tangible Assets | $ -443.58 M | |
| Total Current Assets | $ 1.3 B | |
| Cash and Short-Term Investments | $ 82.4 M | |
| Cash | $ 82.4 M | |
| Net Receivables | $ 366.0 M | |
| Inventory | $ 765.0 M | |
| Long-Term Investments | $ 267.0 M | |
| LIABILITIES | ||
| Accounts Payable | $ 348.7 M | |
| Short-Term Debt | — | |
| Total Current Liabilities | $ 702.3 M | |
| Net Debt | $ 1.3 B | |
| Total Debt | $ 1.5 B | |
| Total Liabilities | $ 2.3 B | |
| EQUITY | ||
| Total Equity | $ 529.6 M | |
| Retained Earnings | $ 256.3 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 9.53 | |
| Shares Outstanding | 55.585 M | |
| Revenue Per-Share | $ 15.35 | |
| VALUATION | Market Capitalization | $ 4.4 B |
| Enterprise Value | $ 5.8 B | |
| Enterprise Multiple | 76.953 | |
| Enterprise Multiple QoQ | 78.888 % | |
| Enterprise Multiple YoY | 111.736 % | |
| Enterprise Multiple IPRWA | high: 97.054 median: 84.66 KTB: 76.953 mean: 74.519 low: -16.472 |
|
| EV/R | 6.764 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 5.405 | |
| Asset To Liability | 1.227 | |
| Debt To Capital | 0.739 | |
| Debt To Assets | 0.524 | |
| Debt To Assets QoQ | -6.785 % | |
| Debt To Assets YoY | 1957.793 % | |
| Debt To Assets IPRWA | high: 0.709 KTB: 0.524 mean: 0.317 median: 0.296 low: 0.038 |
|
| Debt To Equity | 2.833 | |
| Debt To Equity QoQ | -7.614 % | |
| Debt To Equity YoY | 2301.925 % | |
| Debt To Equity IPRWA | high: 6.666 KTB: 2.833 median: 0.821 mean: 0.776 low: 0.046 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 8.219 | |
| Price To Book QoQ | 7.76 % | |
| Price To Book YoY | -29.025 % | |
| Price To Book IPRWA | high: 9.067 KTB: 8.219 median: 7.923 mean: 6.881 low: 0.332 |
|
| Price To Earnings (P/E) | 54.383 | |
| Price To Earnings QoQ | 2.021 % | |
| Price To Earnings YoY | -0.617 % | |
| Price To Earnings IPRWA | high: 147.441 mean: 108.349 median: 98.424 KTB: 54.383 low: -107.031 |
|
| PE/G Ratio | 2.861 | |
| Price To Sales (P/S) | 5.102 | |
| Price To Sales QoQ | -11.646 % | |
| Price To Sales YoY | -17.277 % | |
| Price To Sales IPRWA | high: 17.59 mean: 9.732 median: 9.104 KTB: 5.102 low: 0.27 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 53.372 | |
| Forward PE/G | 2.808 | |
| Forward P/S | 9.811 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | -1.546 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.306 | |
| Asset Turnover Ratio QoQ | 2.042 % | |
| Asset Turnover Ratio YoY | -25.506 % | |
| Asset Turnover Ratio IPRWA | high: 0.375 median: 0.317 mean: 0.31 KTB: 0.306 low: 0.026 |
|
| Receivables Turnover | 2.544 | |
| Receivables Turnover Ratio QoQ | -0.86 % | |
| Receivables Turnover Ratio YoY | -17.348 % | |
| Receivables Turnover Ratio IPRWA | high: 9.456 mean: 3.011 KTB: 2.544 median: 2.422 low: 0.693 |
|
| Inventory Turnover | 0.691 | |
| Inventory Turnover Ratio QoQ | 10.308 % | |
| Inventory Turnover Ratio YoY | -11.485 % | |
| Inventory Turnover Ratio IPRWA | high: 0.869 median: 0.869 mean: 0.737 KTB: 0.691 low: 0.226 |
|
| Days Sales Outstanding (DSO) | 35.867 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 143.781 | |
| Cash Conversion Cycle Days QoQ | 12.708 % | |
| Cash Conversion Cycle Days YoY | 37.407 % | |
| Cash Conversion Cycle Days IPRWA | high: 302.197 KTB: 143.781 mean: 105.11 median: 95.172 low: -55.897 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 1.342 | |
| CapEx To Revenue | -0.011 | |
| CapEx To Depreciation | -0.629 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 1.9 B | |
| Net Invested Capital | $ 1.9 B | |
| Invested Capital | $ 1.9 B | |
| Net Tangible Assets | $ -443.58 M | |
| Net Working Capital | $ 635.8 M | |
| LIQUIDITY | ||
| Cash Ratio | 0.117 | |
| Current Ratio | 1.905 | |
| Current Ratio QoQ | -12.495 % | |
| Current Ratio YoY | -23.646 % | |
| Current Ratio IPRWA | high: 3.928 median: 2.19 mean: 2.162 KTB: 1.905 low: 0.339 |
|
| Quick Ratio | 0.816 | |
| Quick Ratio QoQ | -14.074 % | |
| Quick Ratio YoY | -42.342 % | |
| Quick Ratio IPRWA | high: 2.318 median: 1.447 mean: 1.37 KTB: 0.816 low: 0.205 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 20.008 | |
| Cost Of Debt | 1.071 % | |
| Interest Coverage Ratio | 3.178 | |
| Interest Coverage Ratio QoQ | -61.46 % | |
| Interest Coverage Ratio YoY | -63.734 % | |
| Interest Coverage Ratio IPRWA | high: 47.355 KTB: 3.178 mean: -1.864 median: -13.836 low: -25.85 |
|
| Operating Cash Flow Ratio | -0.009 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 79.339 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | 1.278 | |
| Dividend Payout Ratio | 0.782 | |
| Dividend Rate | $ 0.52 | |
| Dividend Yield | 0.007 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 5.33 % | |
| Revenue Growth | 29.617 % | |
| Revenue Growth QoQ | 421.794 % | |
| Revenue Growth YoY | 183.987 % | |
| Revenue Growth IPRWA | high: 55.875 % KTB: 29.617 % mean: 8.793 % median: 5.614 % low: -33.951 % |
|
| Earnings Growth | 19.008 % | |
| Earnings Growth QoQ | 2181.873 % | |
| Earnings Growth YoY | -52.236 % | |
| Earnings Growth IPRWA | high: 335.294 % median: 250.0 % mean: 149.538 % KTB: 19.008 % low: -202.703 % |
|
| MARGINS | ||
| Gross Margin | 41.275 % | |
| Gross Margin QoQ | -10.872 % | |
| Gross Margin YoY | -7.642 % | |
| Gross Margin IPRWA | high: 76.294 % mean: 50.979 % median: 42.176 % KTB: 41.275 % low: 27.732 % |
|
| EBIT Margin | 7.066 % | |
| EBIT Margin QoQ | -58.17 % | |
| EBIT Margin YoY | -51.652 % | |
| EBIT Margin IPRWA | high: 23.963 % mean: 12.797 % median: 7.91 % KTB: 7.066 % low: -6.481 % |
|
| Return On Sales (ROS) | 7.726 % | |
| Return On Sales QoQ | -35.244 % | |
| Return On Sales YoY | -47.137 % | |
| Return On Sales IPRWA | high: 23.209 % mean: 12.843 % median: 7.91 % KTB: 7.726 % low: -6.481 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 54.9 M | |
| Free Cash Flow Yield | 1.261 % | |
| Free Cash Flow Yield QoQ | 122.399 % | |
| Free Cash Flow Yield YoY | -59.648 % | |
| Free Cash Flow Yield IPRWA | high: 10.581 % KTB: 1.261 % mean: 0.213 % median: 0.014 % low: -20.114 % |
|
| Free Cash Growth | 154.624 % | |
| Free Cash Growth QoQ | -318.952 % | |
| Free Cash Growth YoY | 278.368 % | |
| Free Cash Growth IPRWA | high: 221.465 % KTB: 154.624 % median: -95.868 % mean: -102.945 % low: -285.423 % |
|
| Free Cash To Net Income | 1.486 | |
| Cash Flow Margin | -0.719 % | |
| Cash Flow To Earnings | -0.166 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.03 | |
| Return On Assets (ROA) | 1.324 % | |
| Return On Assets QoQ | -60.63 % | |
| Return On Assets YoY | -69.359 % | |
| Return On Assets IPRWA | high: 7.035 % mean: 3.186 % median: 1.967 % KTB: 1.324 % low: -10.003 % |
|
| Return On Capital Employed (ROCE) | 2.791 % | |
| Return On Equity (ROE) | 0.07 | |
| Return On Equity QoQ | -52.938 % | |
| Return On Equity YoY | -64.705 % | |
| Return On Equity IPRWA | high: 0.245 KTB: 0.07 mean: 0.066 median: 0.054 low: -0.216 |
|
| DuPont ROE | 7.188 % | |
| Return On Invested Capital (ROIC) | 2.753 % | |
| Return On Invested Capital QoQ | -38.713 % | |
| Return On Invested Capital YoY | -107.859 % | |
| Return On Invested Capital IPRWA | high: 15.734 % mean: 5.327 % median: 3.405 % KTB: 2.753 % low: -3.04 % |
|