Recent News
January 26, 2026: Alamo completed the acquisition of Petersen Industries, expanding its bulky-waste grapple equipment lineup. Early March 2026: the board raised the regular quarterly dividend to $0.34 per share. Management signaled a portfolio review and plans to divest or discontinue select smaller product lines within Vegetation Management during 2026.
Technical Analysis
Directional indicators show trend strength without ambiguity: ADX at 39.39 indicates a strong trend in place. Given the directional readings, the trend strength amplifies current directional bias rather than indicating direction itself.
DI+ at 14.78 and decreasing while DI- at 29.73 and increasing. That combination signals a clear bearish directional bias and reinforces downward price pressure against the valuation backdrop.
MACD sits negative at -6.08 with the MACD trend decreasing and the signal line at -1.47. Negative, falling MACD indicates continuing bearish momentum; no bullish MACD crossover exists to suggest immediate momentum recovery.
MRO equals -19.23 and is decreasing. A negative MRO implies the price sits below its model target, implying potential for price appreciation over time; the declining MRO deepens that gap and increases modeled upside potential relative to the current price level.
RSI at 51.69 and decreasing presents neutral-to-mildly-weak momentum; the recent decline suggests buyers lost short-term control, leaving the path of least resistance downward until momentum stabilizes.
Price sits below key averages: the close at $170.15 under the 20-day average $191.15, 50-day $193.49 and 200-day $196.16, and the 12-day EMA is decreasing at $182.88. Ichimoku components (Tenkan/Kijun at $189.29; Senkou A/B at $184.95/$176.12) remain above price, reinforcing short-term technical resistance levels.
Bollinger bands range from $166.95 (lower 1x) to $215.34 (upper 1x); current price trades marginally above the lower 1x band, indicating proximity to the short-term lower dispersion boundary but not an extreme oversold reading. Volume averages show the last session in line with the 10-day average and above the 50-day average, suggesting active participation while momentum trends lower.
Fundamental Analysis
Revenue totaled $373.65 million with YoY revenue growth of 1.77% but a steep quarterly decline of -48.81% QoQ, signaling lumpy near-term sales cadence. Gross profit reached $85.001 million, and gross margin equals 22.75%, down 4.50% YoY and 6.03% QoQ, pointing to material margin compression.
Operating income $22.531 million yields an operating margin of 6.03%, and EBIT stood at $25.408 million for an EBIT margin of 6.80%, down 26.49% QoQ and 30.92% YoY. The EBIT margin falls below the industry peer mean of 16.15% and the industry peer median of 16.48%, indicating weaker operating profitability versus peers.
Reported EPS equaled $1.70 versus an estimate of $2.30, an EPS shortfall of $0.60 or -26.09% (EPS surprise ratio -26.09%). Earnings growth registered -27.35% and return on equity sits at 1.35%, well below the industry peer mean return on equity of 10.67% and the median of 11.27%.
Balance sheet and cash-flow metrics offset profitability concerns. Cash and short-term investments total $309.66 million with a cash ratio of 1.42 and a current ratio of 4.57, both exceeding the industry peer mean current ratio of 1.46; net debt remains modest with total debt $211.89 million and debt-to-equity of 0.18, below the industry peer mean of 1.91. Operating cash flow was $75.119 million and free cash flow $68.129 million, producing a free cash flow yield of 2.90%, above the industry peer mean of 1.10%.
Valuation context: WMDST values the stock as under-valued. Contrasting signals appear: compressed margins and an EPS miss weaken near-term earnings outlook, while strong liquidity, low leverage, and positive free cash flow support the under-valued determination. Enterprise multiple sits at 56.85 versus an industry peer mean of 78.05, which also contributes to the under-valued assessment without implying peer-relative operational parity.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-12-31 |
| REPORT DATE: | 2026-03-02 |
| NEXT REPORT DATE: | 2026-06-01 |
| CASH FLOW | Begin Period Cash Flow | $ 244.8 M |
| Operating Cash Flow | $ 75.1 M | |
| Capital Expenditures | $ -6.99 M | |
| Change In Working Capital | $ 43.7 M | |
| Dividends Paid | $ -3.61 M | |
| Cash Flow Delta | $ 64.9 M | |
| End Period Cash Flow | $ 309.7 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 373.6 M | |
| Forward Revenue | $ 209.3 M | |
| COSTS | ||
| Cost Of Revenue | $ 288.6 M | |
| Depreciation | $ 10.0 M | |
| Depreciation and Amortization | $ 14.2 M | |
| Research and Development | — | |
| Total Operating Expenses | $ 351.1 M | |
| PROFITABILITY | ||
| Gross Profit | $ 85.0 M | |
| EBITDA | $ 39.6 M | |
| EBIT | $ 25.4 M | |
| Operating Income | $ 22.5 M | |
| Interest Income | $ 1.6 M | |
| Interest Expense | $ 4.1 M | |
| Net Interest Income | $ -2.49 M | |
| Income Before Tax | $ 21.3 M | |
| Tax Provision | $ 5.8 M | |
| Tax Rate | 27.194 % | |
| Net Income | $ 15.5 M | |
| Net Income From Continuing Operations | $ 15.5 M | |
| EARNINGS | ||
| EPS Estimate | $ 2.30 | |
| EPS Actual | $ 1.70 | |
| EPS Difference | $ -0.60 | |
| EPS Surprise | -26.087 % | |
| Forward EPS | $ 2.88 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 1.6 B | |
| Intangible Assets | $ 359.5 M | |
| Net Tangible Assets | $ 789.2 M | |
| Total Current Assets | $ 998.1 M | |
| Cash and Short-Term Investments | $ 309.7 M | |
| Cash | $ 309.7 M | |
| Net Receivables | $ 276.9 M | |
| Inventory | $ 383.3 M | |
| Long-Term Investments | $ 20.6 M | |
| LIABILITIES | ||
| Accounts Payable | $ 125.1 M | |
| Short-Term Debt | $ 15.0 M | |
| Total Current Liabilities | $ 218.4 M | |
| Net Debt | — | |
| Total Debt | $ 211.9 M | |
| Total Liabilities | $ 457.9 M | |
| EQUITY | ||
| Total Equity | $ 1.1 B | |
| Retained Earnings | $ 1.0 B | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 95.14 | |
| Shares Outstanding | 12.074 M | |
| Revenue Per-Share | $ 30.95 | |
| VALUATION | Market Capitalization | $ 2.3 B |
| Enterprise Value | $ 2.3 B | |
| Enterprise Multiple | 56.853 | |
| Enterprise Multiple QoQ | 30.001 % | |
| Enterprise Multiple YoY | 42.986 % | |
| Enterprise Multiple IPRWA | high: 81.536 median: 81.536 mean: 78.053 ALG: 56.853 low: 4.839 |
|
| EV/R | 6.022 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 1.399 | |
| Asset To Liability | 3.509 | |
| Debt To Capital | 0.156 | |
| Debt To Assets | 0.132 | |
| Debt To Assets QoQ | 0.442 % | |
| Debt To Assets YoY | 1174.3 % | |
| Debt To Assets IPRWA | high: 0.714 median: 0.44 mean: 0.423 ALG: 0.132 low: 0.051 |
|
| Debt To Equity | 0.184 | |
| Debt To Equity QoQ | -0.243 % | |
| Debt To Equity YoY | 1151.425 % | |
| Debt To Equity IPRWA | high: 2.033 median: 2.033 mean: 1.911 ALG: 0.184 low: 0.147 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 2.044 | |
| Price To Book QoQ | -1.089 % | |
| Price To Book YoY | -6.76 % | |
| Price To Book IPRWA | high: 12.782 median: 12.782 mean: 11.957 ALG: 2.044 low: -1.325 |
|
| Price To Earnings (P/E) | 114.392 | |
| Price To Earnings QoQ | 38.067 % | |
| Price To Earnings YoY | 43.492 % | |
| Price To Earnings IPRWA | ALG: 114.392 high: 113.496 median: 113.496 mean: 109.65 low: 50.547 |
|
| PE/G Ratio | -4.183 | |
| Price To Sales (P/S) | 6.284 | |
| Price To Sales QoQ | 12.772 % | |
| Price To Sales YoY | 8.471 % | |
| Price To Sales IPRWA | high: 14.242 median: 14.242 mean: 13.537 ALG: 6.284 low: 0.493 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 61.301 | |
| Forward PE/G | -2.241 | |
| Forward P/S | 11.22 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 3.133 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.233 | |
| Asset Turnover Ratio QoQ | -12.407 % | |
| Asset Turnover Ratio YoY | -11.207 % | |
| Asset Turnover Ratio IPRWA | high: 0.549 ALG: 0.233 mean: 0.206 median: 0.199 low: 0.127 |
|
| Receivables Turnover | 1.221 | |
| Receivables Turnover Ratio QoQ | 0.491 % | |
| Receivables Turnover Ratio YoY | 4.909 % | |
| Receivables Turnover Ratio IPRWA | high: 21.203 ALG: 1.221 mean: 1.149 low: 0.91 median: 0.91 |
|
| Inventory Turnover | 0.758 | |
| Inventory Turnover Ratio QoQ | -10.663 % | |
| Inventory Turnover Ratio YoY | -7.612 % | |
| Inventory Turnover Ratio IPRWA | high: 1.868 mean: 0.764 ALG: 0.758 median: 0.736 low: 0.05 |
|
| Days Sales Outstanding (DSO) | 74.738 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 147.397 | |
| Cash Conversion Cycle Days QoQ | -1.636 % | |
| Cash Conversion Cycle Days YoY | -7.557 % | |
| Cash Conversion Cycle Days IPRWA | high: 173.854 median: 173.854 mean: 165.786 ALG: 147.397 low: 5.328 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 0.479 | |
| CapEx To Revenue | -0.019 | |
| CapEx To Depreciation | -0.702 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 1.3 B | |
| Net Invested Capital | $ 1.4 B | |
| Invested Capital | $ 1.4 B | |
| Net Tangible Assets | $ 789.2 M | |
| Net Working Capital | $ 779.7 M | |
| LIQUIDITY | ||
| Cash Ratio | 1.418 | |
| Current Ratio | 4.571 | |
| Current Ratio QoQ | 3.169 % | |
| Current Ratio YoY | 1.441 % | |
| Current Ratio IPRWA | ALG: 4.571 high: 1.94 mean: 1.464 median: 1.436 low: 1.305 |
|
| Quick Ratio | 2.816 | |
| Quick Ratio QoQ | 3.529 % | |
| Quick Ratio YoY | 4.222 % | |
| Quick Ratio IPRWA | ALG: 2.816 high: 1.212 median: 0.94 mean: 0.938 low: 0.055 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 5.354 | |
| Cost Of Debt | 1.418 % | |
| Interest Coverage Ratio | 6.194 | |
| Interest Coverage Ratio QoQ | -37.875 % | |
| Interest Coverage Ratio YoY | -43.287 % | |
| Interest Coverage Ratio IPRWA | high: 25.19 median: 24.827 mean: 23.24 low: 6.88 ALG: 6.194 |
|
| Operating Cash Flow Ratio | 0.361 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 36.463 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | 4.297 | |
| Dividend Payout Ratio | 0.233 | |
| Dividend Rate | $ 0.30 | |
| Dividend Yield | 0.002 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 0.73 % | |
| Revenue Growth | -11.045 % | |
| Revenue Growth QoQ | -4881.385 % | |
| Revenue Growth YoY | 177.373 % | |
| Revenue Growth IPRWA | high: 8.476 % median: 8.476 % mean: 7.867 % ALG: -11.045 % low: -18.634 % |
|
| Earnings Growth | -27.35 % | |
| Earnings Growth QoQ | 205.621 % | |
| Earnings Growth YoY | -1347.15 % | |
| Earnings Growth IPRWA | high: 5.063 % median: 4.242 % mean: 1.409 % ALG: -27.35 % low: -30.286 % |
|
| MARGINS | ||
| Gross Margin | 22.749 % | |
| Gross Margin QoQ | -6.027 % | |
| Gross Margin YoY | -4.5 % | |
| Gross Margin IPRWA | high: 86.15 % mean: 28.757 % median: 28.615 % ALG: 22.749 % low: 15.443 % |
|
| EBIT Margin | 6.8 % | |
| EBIT Margin QoQ | -26.486 % | |
| EBIT Margin YoY | -30.922 % | |
| EBIT Margin IPRWA | high: 23.338 % median: 16.479 % mean: 16.152 % low: 7.149 % ALG: 6.8 % |
|
| Return On Sales (ROS) | 6.03 % | |
| Return On Sales QoQ | -32.535 % | |
| Return On Sales YoY | -38.744 % | |
| Return On Sales IPRWA | high: 57.975 % mean: 13.916 % median: 13.903 % low: 7.149 % ALG: 6.03 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 68.1 M | |
| Free Cash Flow Yield | 2.902 % | |
| Free Cash Flow Yield QoQ | 27.954 % | |
| Free Cash Flow Yield YoY | -11.145 % | |
| Free Cash Flow Yield IPRWA | high: 6.119 % ALG: 2.902 % mean: 1.101 % low: 0.825 % median: 0.825 % |
|
| Free Cash Growth | 28.342 % | |
| Free Cash Growth QoQ | -88.047 % | |
| Free Cash Growth YoY | -261.631 % | |
| Free Cash Growth IPRWA | high: 38.224 % ALG: 28.342 % mean: -13.025 % median: -15.641 % low: -48.539 % |
|
| Free Cash To Net Income | 4.392 | |
| Cash Flow Margin | 21.082 % | |
| Cash Flow To Earnings | 5.078 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | 0.969 % | |
| Return On Assets QoQ | -39.814 % | |
| Return On Assets YoY | -49.426 % | |
| Return On Assets IPRWA | high: 4.853 % median: 2.498 % mean: 2.444 % low: 1.344 % ALG: 0.969 % |
|
| Return On Capital Employed (ROCE) | 1.83 % | |
| Return On Equity (ROE) | 0.013 | |
| Return On Equity QoQ | -39.759 % | |
| Return On Equity YoY | -51.051 % | |
| Return On Equity IPRWA | high: 0.113 median: 0.113 mean: 0.107 low: 0.03 ALG: 0.013 |
|
| DuPont ROE | 1.36 % | |
| Return On Invested Capital (ROIC) | 1.366 % | |
| Return On Invested Capital QoQ | -35.353 % | |
| Return On Invested Capital YoY | -108.055 % | |
| Return On Invested Capital IPRWA | high: 8.308 % median: 3.73 % mean: 3.717 % low: 2.435 % ALG: 1.366 % |
|