Recent News
On Feb. 10, 2026 the company announced its fourth-quarter 2025 results release date and an accompanying conference call scheduled for March 3, 2026. On Feb. 13, 2026 the Board declared a regular quarterly cash dividend of $0.53 per share payable March 20, 2026 to shareholders of record March 10, 2026.
Technical Analysis
ADX at 31.15 signals a strong trend presence; strength of directional movement supports conviction in the current directional bias without assigning direction to ADX itself.
DI+ sits at 27.68 and is increasing while DI- reads 17.34 and is decreasing — a clear bullish directional setup that favors near-term upside momentum.
MACD equals 1.19, the MACD line lies above the signal (0.38), and the MACD trend shows increasing momentum; that crossover constitutes a bullish momentum signal and supports continued price appreciation pressure in the coming weeks.
MRO registers 11.28 (positive), which indicates the price currently sits above the model target and introduces a measurable potential for a corrective pullback even as momentum indicators remain constructive.
RSI at 49.79 and rising places momentum near neutral-to-favorable territory, implying room for upside before reaching overbought levels.
Price sits at $67.85, above the 12-day and 26-day EMAs ($65.79 and $64.26 respectively) and above the 20-day average ($65.10), while remaining below the 200-day average ($69.91); this configuration favors a short-to-intermediate bullish tilt but retains a longer-term resistance band near the 200-day average.
Bollinger context: price trades near the 1x upper band (~$68.5) with the 1x lower band at $61.7, suggesting limited immediate upside before volatility-driven reversion risk. SuperTrend lower support sits at $63.2 and offers a clear tactical support reference for momentum-driven positioning.
Fundamental Analysis
Revenue drivers and margins: total revenue equals $853,215,000 with YoY revenue growth of 183.99% and quarter-over-quarter revenue growth of 421.79% as reported; those gains reflect sizable top-line expansion over the reported periods.
Profitability: EBIT equals $60,292,000 and EBIT margin equals 7.07%, below the industry peer mean of 12.65% and slightly below the industry peer median of 7.91%; EBIT margin declined roughly 58.17% QoQ and 51.65% YoY, indicating notable margin compression on recent periods despite higher revenue.
Cash flow and dividends: free cash flow totaled $54,902,000 with a free cash flow yield of 1.26%. The Board declared a quarterly dividend of $0.53; dividend payout ratio runs at 78.23% while dividend yield equals 0.66%, underscoring a high payout relative to earnings and modest yield in cash-return terms.
Leverage and coverage: total debt equals $1,500,437,000, net debt $1,259,689,000, and debt-to-equity equals 283.31%. Debt-to-EBITDA measures ~20.0x and interest coverage approximates 3.18x. Those figures indicate materially higher leverage after recent financing activity and a compressed cushion on earnings versus interest expense.
Efficiency and returns: asset turnover equals 0.306 (near the industry peer mean of 0.308). Return on equity equals 6.98%, slightly above the industry peer mean of 6.68%, while return on assets equals 1.32%, below the industry peer mean of 3.13%. Operating margin stands at 7.73% with operating margin declines of roughly 35.24% QoQ and 47.14% YoY.
Earnings: EPS came in at $1.44 versus an estimate of $1.40, producing a $0.04 beat and an EPS surprise of +2.86%.
Valuation: price multiples show a trailing P/E around 54.38x and a forward P/E near 53.37x, with price-to-book at roughly 8.22x and an enterprise multiple near 76.95x. The current valuation as determined by WMDST classifies the stock as under-valued relative to the firm’s cash-flow profile and the firm’s adjusted outlook, while acknowledging the premium multiples versus some near-term cash metrics.
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 | $ 477.9 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 | $ 1.49 | |
| 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: 73.374 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: 0.783 KTB: 0.524 mean: 0.324 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 mean: 0.869 median: 0.821 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: 6.771 low: -1.48 |
|
| 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: 105.056 median: 98.424 KTB: 54.383 low: -120.802 |
|
| 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: 9.513 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: 0.308 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: 2.979 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: 0.812 mean: 0.732 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: 106.235 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: 2.14 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: 1.354 KTB: 0.816 low: 0.065 |
|
| 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: -1.613 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: 59.184 % KTB: 29.617 % mean: 10.039 % 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: 95.699 % mean: 82.128 % KTB: 19.008 % low: -600.0 % |
|
| MARGINS | ||
| Gross Margin | 41.275 % | |
| Gross Margin QoQ | -10.872 % | |
| Gross Margin YoY | -7.642 % | |
| Gross Margin IPRWA | high: 76.294 % mean: 51.074 % 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: 12.648 % median: 7.91 % KTB: 7.066 % low: -7.117 % |
|
| 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: 12.691 % 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: 0.036 % 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: -98.75 % 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: 3.127 % 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: 0.067 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: 5.246 % median: 3.405 % KTB: 2.753 % low: -3.04 % |
|