Recent News
Dec. 17, 2025 — Board declared a $0.71 quarterly cash dividend payable March 13, 2026, record date Feb. 20, 2026. Dec. 1, 2025 — Company scheduled the annual general meeting for March 11, 2026. Nov. 20, 2025 — Investor Day outlined multi-year revenue targets and growth catalysts in AI and energy infrastructure. Jan. 26, 2026 — Subsidiary priced $750 million aggregate senior notes across 2031 and 2036 maturities.
Technical Analysis
ADX stands at 22.63, indicating an emerging trend; that strength level suggests momentum exists but lacks the conviction of a strong directional move, which tempers immediate breakout expectations relative to the current fair valuation.
DI+ reads 17.85 and is decreasing, a bearish directional signal; DI- at 32.62 shows a dip-and-reversal, which by definition signals bearish pressure—together these directional indicators point toward downside bias into near-term trading ranges.
MACD equals -3.56 and the MACD trend is decreasing; MACD remains below its signal line (-1.83), indicating ongoing bearish momentum rather than a bullish cross that would support a sustained re-acceleration versus valuation.
MRO at 10.89 sits positive with a peak-and-reversal pattern, implying price currently trades above a modeled target and carries a readjustment risk that reinforces short-term downside potential against the company’s intrinsic-value assessment.
RSI at 48.88 and trending downward reflects neutral-to-slightly-bearish short-term momentum, consistent with price trading beneath short-term exponential moving averages and near the lower Bollinger band, which increases the likelihood of continued consolidation below recent averages.
Price sits below the 20-day average ($224.32) and the 12-day EMA ($222.17) is decreasing while the 26-day EMA ($226.32) remains above; the configuration indicates short-term weakness against longer short-to-intermediate trend averages. Price trades marginally beneath the 1x lower Bollinger band ($216.52), and ichimoku Kijun-sen ($224.94) also lies above the last close, reinforcing short-term resistance overhead. Short-term volatility has risen: 42-day beta 1.87 versus 52-week beta 1.27, pointing to intensified sensitivity to market moves in the coming weeks.
Fundamental Analysis
Earnings and revenue: Reported diluted EPS from continuing operations of $2.53 exceeded the estimate of $2.41 by $0.12, an EPS surprise of 4.98%. Net sales registered roughly $4.7 billion year-over-year growth of 22% per the recent report, while orders showed notable sequential strength; those operational results support the earnings beat and cash generation profile.
Profitability and margins: EBIT equals $991 million, producing an EBIT margin of 21.23%, which sits above the industry peer mean (14.12%) and the industry peer median (12.69%), and below the industry peer high (24.67%). Operating margin stands at 20.90% with year-over-year expansion of 12.62 percentage points, reinforcing margin leverage despite mixed top-line dynamics.
Valuation multiples: P/E equals 84.47; that P/E lies below the industry peer mean (119.11) but above the industry peer median (75.28). Price-to-book equals 5.20, which exceeds the industry peer mean (4.47) and median (3.92) while remaining under the industry peer high (7.48). WMDST values the stock as fair-valued, with an enterprise value-to-revenue and enterprise multiple consistent with that assessment.
Cash flow and balance sheet: Operating cash flow reached $819 million and free cash flow totaled $607 million, producing a free cash flow yield of 0.90%, which exceeds the industry peer mean (0.49%). Net debt sits near $4.457 billion with an interest coverage ratio of 33.03, indicating ample coverage for interest obligations. Current and quick ratios of 1.65 and 1.07 respectively show adequate short-term liquidity relative to operating needs.
Capital allocation: Dividend payout ratio equals 27.87% with a dividend rate near $0.71 per share; dividend coverage equals 3.59. The company also recently issued senior notes totaling $750 million, indicating continued debt-market access for financing strategic activity while maintaining cash returns to shareholders.
Summary valuation note: Strong margins, robust order flow tied to AI and energy applications, and positive free cash flow support the WMDST fair-valued designation, even as elevated short-term multiples versus some medians and recent technical weakness introduce near-term market-risk to that valuation.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-12-31 |
| REPORT DATE: | 2026-01-21 |
| NEXT REPORT DATE: | 2026-04-22 |
| CASH FLOW | Begin Period Cash Flow | $ 1.3 B |
| Operating Cash Flow | $ 819.0 M | |
| Capital Expenditures | $ -258.00 M | |
| Change In Working Capital | $ -358.00 M | |
| Dividends Paid | $ -209.00 M | |
| Cash Flow Delta | $ -4.00 M | |
| End Period Cash Flow | $ 1.3 B | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 4.7 B | |
| Forward Revenue | $ 1.4 B | |
| COSTS | ||
| Cost Of Revenue | $ 2.9 B | |
| Depreciation | $ 259.0 M | |
| Depreciation and Amortization | $ 259.0 M | |
| Research and Development | $ 225.0 M | |
| Total Operating Expenses | $ 3.7 B | |
| PROFITABILITY | ||
| Gross Profit | $ 1.7 B | |
| EBITDA | $ 1.2 B | |
| EBIT | $ 991.0 M | |
| Operating Income | $ 976.0 M | |
| Interest Income | $ 25.0 M | |
| Interest Expense | $ 30.0 M | |
| Net Interest Income | $ -5.00 M | |
| Income Before Tax | $ 961.0 M | |
| Tax Provision | $ 210.0 M | |
| Tax Rate | 21.852 % | |
| Net Income | $ 750.0 M | |
| Net Income From Continuing Operations | $ 751.0 M | |
| EARNINGS | ||
| EPS Estimate | $ 2.41 | |
| EPS Actual | $ 2.53 | |
| EPS Difference | $ 0.12 | |
| EPS Surprise | 4.979 % | |
| Forward EPS | $ 3.09 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 25.6 B | |
| Intangible Assets | $ 9.3 B | |
| Net Tangible Assets | $ 3.6 B | |
| Total Current Assets | $ 8.4 B | |
| Cash and Short-Term Investments | $ 1.3 B | |
| Cash | $ 1.3 B | |
| Net Receivables | $ 3.5 B | |
| Inventory | $ 3.0 B | |
| Long-Term Investments | $ 1.0 B | |
| LIABILITIES | ||
| Accounts Payable | $ 2.1 B | |
| Short-Term Debt | $ 852.0 M | |
| Total Current Liabilities | $ 5.1 B | |
| Net Debt | $ 4.5 B | |
| Total Debt | $ 5.7 B | |
| Total Liabilities | $ 12.4 B | |
| EQUITY | ||
| Total Equity | $ 13.0 B | |
| Retained Earnings | $ 14.5 B | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 44.22 | |
| Shares Outstanding | 293.710 M | |
| Revenue Per-Share | $ 15.90 | |
| VALUATION | Market Capitalization | $ 67.5 B |
| Enterprise Value | $ 71.9 B | |
| Enterprise Multiple | 57.553 | |
| Enterprise Multiple QoQ | 0.313 % | |
| Enterprise Multiple YoY | 18.578 % | |
| Enterprise Multiple IPRWA | high: 173.201 mean: 88.184 median: 72.65 TEL: 57.553 low: 29.323 |
|
| EV/R | 15.408 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 1.968 | |
| Asset To Liability | 2.058 | |
| Debt To Capital | 0.305 | |
| Debt To Assets | 0.223 | |
| Debt To Assets QoQ | -3.732 % | |
| Debt To Assets YoY | 444.854 % | |
| Debt To Assets IPRWA | high: 0.364 median: 0.235 TEL: 0.223 mean: 0.186 low: 0.001 |
|
| Debt To Equity | 0.44 | |
| Debt To Equity QoQ | -4.96 % | |
| Debt To Equity YoY | 492.824 % | |
| Debt To Equity IPRWA | high: 0.878 TEL: 0.44 median: 0.415 mean: 0.384 low: 0.002 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 5.196 | |
| Price To Book QoQ | 4.529 % | |
| Price To Book YoY | 46.816 % | |
| Price To Book IPRWA | high: 7.479 TEL: 5.196 mean: 4.47 median: 3.918 low: 0.82 |
|
| Price To Earnings (P/E) | 84.472 | |
| Price To Earnings QoQ | -2.957 % | |
| Price To Earnings YoY | 12.053 % | |
| Price To Earnings IPRWA | high: 338.434 mean: 119.106 TEL: 84.472 median: 75.281 low: 32.203 |
|
| PE/G Ratio | 7.361 | |
| Price To Sales (P/S) | 14.454 | |
| Price To Sales QoQ | 9.716 % | |
| Price To Sales YoY | 26.241 % | |
| Price To Sales IPRWA | high: 21.289 median: 19.846 mean: 16.869 TEL: 14.454 low: 0.641 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 73.855 | |
| Forward PE/G | 6.436 | |
| Forward P/S | 47.808 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | -4.167 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.184 | |
| Asset Turnover Ratio QoQ | -3.013 % | |
| Asset Turnover Ratio YoY | 8.885 % | |
| Asset Turnover Ratio IPRWA | high: 0.494 mean: 0.196 TEL: 0.184 median: 0.129 low: 0.094 |
|
| Receivables Turnover | 1.359 | |
| Receivables Turnover Ratio QoQ | -2.228 % | |
| Receivables Turnover Ratio YoY | 5.686 % | |
| Receivables Turnover Ratio IPRWA | high: 2.536 mean: 1.626 median: 1.619 TEL: 1.359 low: 0.985 |
|
| Inventory Turnover | 1.037 | |
| Inventory Turnover Ratio QoQ | -7.145 % | |
| Inventory Turnover Ratio YoY | 7.571 % | |
| Inventory Turnover Ratio IPRWA | high: 1.59 TEL: 1.037 mean: 0.815 median: 0.611 low: 0.172 |
|
| Days Sales Outstanding (DSO) | 67.153 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 89.012 | |
| Cash Conversion Cycle Days QoQ | 0.28 % | |
| Cash Conversion Cycle Days YoY | -8.51 % | |
| Cash Conversion Cycle Days IPRWA | high: 281.301 mean: 124.964 median: 120.455 TEL: 89.012 low: 57.092 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 1.415 | |
| CapEx To Revenue | -0.055 | |
| CapEx To Depreciation | -0.996 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 17.8 B | |
| Net Invested Capital | $ 18.7 B | |
| Invested Capital | $ 18.7 B | |
| Net Tangible Assets | $ 3.6 B | |
| Net Working Capital | $ 3.3 B | |
| LIQUIDITY | ||
| Cash Ratio | 0.247 | |
| Current Ratio | 1.651 | |
| Current Ratio QoQ | 6.103 % | |
| Current Ratio YoY | -1.794 % | |
| Current Ratio IPRWA | high: 3.175 mean: 2.367 median: 2.35 TEL: 1.651 low: 1.243 |
|
| Quick Ratio | 1.069 | |
| Quick Ratio QoQ | 3.883 % | |
| Quick Ratio YoY | -2.447 % | |
| Quick Ratio IPRWA | high: 3.104 median: 1.783 mean: 1.638 TEL: 1.069 low: 0.65 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 4.566 | |
| Cost Of Debt | 0.373 % | |
| Interest Coverage Ratio | 33.033 | |
| Interest Coverage Ratio QoQ | 3.452 % | |
| Interest Coverage Ratio YoY | -72.163 % | |
| Interest Coverage Ratio IPRWA | high: 164.603 TEL: 33.033 mean: 9.01 median: 4.657 low: -1.224 |
|
| Operating Cash Flow Ratio | 0.162 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 61.592 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | 3.589 | |
| Dividend Payout Ratio | 0.279 | |
| Dividend Rate | $ 0.71 | |
| Dividend Yield | 0.003 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 1.878 % | |
| Revenue Growth | -1.685 % | |
| Revenue Growth QoQ | -135.534 % | |
| Revenue Growth YoY | -70.454 % | |
| Revenue Growth IPRWA | high: 24.001 % mean: 7.95 % median: 6.592 % low: -0.442 % TEL: -1.685 % |
|
| Earnings Growth | 11.475 % | |
| Earnings Growth QoQ | 53.225 % | |
| Earnings Growth YoY | -211.886 % | |
| Earnings Growth IPRWA | high: 115.385 % TEL: 11.475 % mean: 4.333 % median: -13.793 % low: -75.0 % |
|
| MARGINS | ||
| Gross Margin | 37.246 % | |
| Gross Margin QoQ | 6.554 % | |
| Gross Margin YoY | 5.054 % | |
| Gross Margin IPRWA | high: 87.538 % mean: 39.358 % TEL: 37.246 % median: 36.949 % low: 7.598 % |
|
| EBIT Margin | 21.225 % | |
| EBIT Margin QoQ | 8.852 % | |
| EBIT Margin YoY | 14.353 % | |
| EBIT Margin IPRWA | high: 24.665 % TEL: 21.225 % mean: 14.116 % median: 12.691 % low: -4.127 % |
|
| Return On Sales (ROS) | 20.904 % | |
| Return On Sales QoQ | 5.72 % | |
| Return On Sales YoY | 12.623 % | |
| Return On Sales IPRWA | high: 24.313 % TEL: 20.904 % median: 11.783 % mean: 11.37 % low: -2.826 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 607.0 M | |
| Free Cash Flow Yield | 0.899 % | |
| Free Cash Flow Yield QoQ | -51.088 % | |
| Free Cash Flow Yield YoY | -41.319 % | |
| Free Cash Flow Yield IPRWA | high: 4.766 % TEL: 0.899 % median: 0.634 % mean: 0.49 % low: -0.372 % |
|
| Free Cash Growth | -47.217 % | |
| Free Cash Growth QoQ | -334.13 % | |
| Free Cash Growth YoY | 150.914 % | |
| Free Cash Growth IPRWA | high: 65.022 % mean: -22.566 % median: -35.739 % TEL: -47.217 % low: -584.048 % |
|
| Free Cash To Net Income | 0.809 | |
| Cash Flow Margin | 17.541 % | |
| Cash Flow To Earnings | 1.092 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | 2.962 % | |
| Return On Assets QoQ | 11.563 % | |
| Return On Assets YoY | 27.07 % | |
| Return On Assets IPRWA | high: 3.588 % TEL: 2.962 % median: 1.661 % mean: 1.647 % low: -0.609 % |
|
| Return On Capital Employed (ROCE) | 4.838 % | |
| Return On Equity (ROE) | 0.058 | |
| Return On Equity QoQ | 9.624 % | |
| Return On Equity YoY | 35.723 % | |
| Return On Equity IPRWA | high: 0.059 TEL: 0.058 mean: 0.028 median: 0.021 low: -0.01 |
|
| DuPont ROE | 5.866 % | |
| Return On Invested Capital (ROIC) | 4.143 % | |
| Return On Invested Capital QoQ | 10.48 % | |
| Return On Invested Capital YoY | -102.598 % | |
| Return On Invested Capital IPRWA | high: 5.587 % TEL: 4.143 % mean: 2.516 % median: 2.099 % low: -0.399 % |
|