Recent News
In late March 2026 the company highlighted a record backlog of approximately $1.6 billion and several large awards, including a greater-than-$100M LNG order and data-center bookings that exceeded $75M, driven by recent wins discussed at a Sidoti investor conference. Powell raised its quarterly dividend to $0.27 per share with a payment in March 2026 and a February 17, 2026 ex-dividend date.
Technical Analysis
Directional indicators (ADX / DI+ / DI-): ADX at 17.98 indicates no established trend; both DI+ (21.42) exhibiting a peak-and-reversal and DI- (20.27) showing a dip-and-reversal produce a bearish directional posture despite the low trend strength, suggesting short-term selling pressure could intensify before any clear trend forms.
MACD: MACD shows a peak-and-reversal and currently sits below its signal line (MACD 7.65 vs signal 8.96), which translates to bearish momentum and raises the probability of a near-term correction in price momentum until MACD dips and then crosses above the signal line.
MRO (Momentum/Regression Oscillator): MRO reads 15.53 and has peaked-and-reversed; the positive reading indicates the market price sits above WMDST’s target level and implies a tendency toward downward pressure as the oscillator unwinds from its peak.
RSI: RSI at 57.54 with a peak-and-reversal indicates the stock left the near-neutral band on a short-term high and now shows fading upside momentum rather than overbought conditions; that pattern aligns with other momentum indicators pointing to a corrective phase.
Price vs moving averages and ichimoku: Price closed at $541.08, sitting above the 20-day average ($527.68), 50-day ($514.82), and 200-day ($349.07), which demonstrates broader bullish placement; however, short-term EMAs and the 12-day EMA show a peak-and-reversal, so short-term moving-average structure supports a potential pullback that would still leave longer-term averages intact as support.
Volatility & volume context: Recent volume (156,950) runs below 10-day and 50/200-day averages, indicating the latest price action occurred on lighter-than-normal participation; 42-day beta at 1.96 and 52-week beta 1.60 confirm above-market beta, so any directional move can amplify quickly once volume returns.
Fundamental Analysis
Profitability and margins: Operating (EBIT) margin stands at 17.03%, above the industry peer mean of 14.97% and above the industry peer median of 13.24%, while below the peer high of 22.16%. Year-over-year operating margin expanded by 15.57%, though quarter-over-quarter margin declined by 19.77%, indicating improving annual profitability but recent quarterly compression during backlog deployment or mix shifts.
Revenue and growth: Total revenue reached $251.18 million. Year-over-year revenue growth equals 28.45%; the reported sequential revenue change shows a negative QoQ figure of -483.89% as provided, reflecting atypical sequential comparatives in quarterly reporting. The YoY expansion pairs with margin improvement to support the narrative of backlog-driven top-line momentum.
Earnings and cash flow: Reported EPS came in at $3.40 versus an estimate of $3.04, producing an EPS surprise of roughly 11.84%. Operating cash flow and free cash flow remain positive at $43.64 million and $41.61 million, respectively, with free cash flow yield about 0.93%. Cash on hand equals $490.63 million and cash plus short-term investments total $500.84 million, producing a cash ratio of 1.25 and a current ratio of 2.29—both signaling strong near-term liquidity.
Capital structure and leverage: Total debt measures $1.46 million and debt-to-equity reads 0.22%, markedly below the industry peer mean debt-to-equity of 59.38%, indicating an exceptionally low leverage profile that supports financial flexibility for backlog fulfillment and selective investment.
Valuation context: Price-to-book stands at 6.67, above the industry peer mean of 5.89 and slightly below the industry peer median of 6.81. Trailing PE approximates 108.01 while forward PE equals 69.64, reflecting expected earnings expansion embedded in forward estimates. WMDST values the stock as fair-valued given current earnings, cash, and backlog conversion prospects.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-12-31 |
| REPORT DATE: | 2026-02-03 |
| NEXT REPORT DATE: | 2026-05-05 |
| CASH FLOW | Begin Period Cash Flow | $ 450.7 M |
| Operating Cash Flow | $ 43.6 M | |
| Capital Expenditures | $ -2.03 M | |
| Change In Working Capital | $ -5.18 M | |
| Dividends Paid | $ -3.23 M | |
| Cash Flow Delta | $ 39.9 M | |
| End Period Cash Flow | $ 490.6 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 251.2 M | |
| Forward Revenue | $ 86.1 M | |
| COSTS | ||
| Cost Of Revenue | $ 179.8 M | |
| Depreciation | $ 1.9 M | |
| Depreciation and Amortization | $ 2.1 M | |
| Research and Development | $ 3.3 M | |
| Total Operating Expenses | $ 208.4 M | |
| PROFITABILITY | ||
| Gross Profit | $ 71.4 M | |
| EBITDA | $ 44.9 M | |
| EBIT | $ 42.8 M | |
| Operating Income | $ 42.8 M | |
| Interest Income | $ 4.3 M | |
| Interest Expense | — | |
| Net Interest Income | $ 4.3 M | |
| Income Before Tax | $ 47.0 M | |
| Tax Provision | $ 5.6 M | |
| Tax Rate | 12.0 % | |
| Net Income | $ 41.4 M | |
| Net Income From Continuing Operations | $ 41.4 M | |
| EARNINGS | ||
| EPS Estimate | $ 3.04 | |
| EPS Actual | $ 3.40 | |
| EPS Difference | $ 0.36 | |
| EPS Surprise | 11.842 % | |
| Forward EPS | $ 4.68 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 1.1 B | |
| Intangible Assets | $ 12.1 M | |
| Net Tangible Assets | $ 656.8 M | |
| Total Current Assets | $ 920.1 M | |
| Cash and Short-Term Investments | $ 500.8 M | |
| Cash | $ 490.6 M | |
| Net Receivables | $ 189.6 M | |
| Inventory | $ 85.0 M | |
| Long-Term Investments | $ 19.0 M | |
| LIABILITIES | ||
| Accounts Payable | $ 48.2 M | |
| Short-Term Debt | — | |
| Total Current Liabilities | $ 401.6 M | |
| Net Debt | — | |
| Total Debt | $ 1.5 M | |
| Total Liabilities | $ 425.5 M | |
| EQUITY | ||
| Total Equity | $ 668.9 M | |
| Retained Earnings | $ 667.9 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 55.10 | |
| Shares Outstanding | 12.140 M | |
| Revenue Per-Share | $ 20.69 | |
| VALUATION | Market Capitalization | $ 4.5 B |
| Enterprise Value | $ 4.0 B | |
| Enterprise Multiple | 88.134 | |
| Enterprise Multiple QoQ | 70.224 % | |
| Enterprise Multiple YoY | 24.226 % | |
| Enterprise Multiple IPRWA | high: 292.919 mean: 88.256 POWL: 88.134 median: 87.672 low: -68.969 |
|
| EV/R | 15.761 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 1.636 | |
| Asset To Liability | 2.572 | |
| Debt To Capital | 0.002 | |
| Debt To Assets | 0.001 | |
| Debt To Assets QoQ | -11.333 % | |
| Debt To Assets YoY | -11.333 % | |
| Debt To Assets IPRWA | high: 0.452 median: 0.254 mean: 0.25 low: 0.016 POWL: 0.001 |
|
| Debt To Equity | 0.002 | |
| Debt To Equity QoQ | -16.154 % | |
| Debt To Equity YoY | -20.727 % | |
| Debt To Equity IPRWA | high: 2.049 mean: 0.594 median: 0.48 low: 0.019 POWL: 0.002 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 6.665 | |
| Price To Book QoQ | 10.804 % | |
| Price To Book YoY | 9.535 % | |
| Price To Book IPRWA | high: 14.021 median: 6.811 POWL: 6.665 mean: 5.887 low: 0.523 |
|
| Price To Earnings (P/E) | 108.009 | |
| Price To Earnings QoQ | 42.73 % | |
| Price To Earnings YoY | 23.396 % | |
| Price To Earnings IPRWA | high: 265.806 mean: 117.132 POWL: 108.009 median: 99.348 low: -66.062 |
|
| PE/G Ratio | -5.559 | |
| Price To Sales (P/S) | 17.749 | |
| Price To Sales QoQ | 37.215 % | |
| Price To Sales YoY | 41.884 % | |
| Price To Sales IPRWA | high: 60.313 mean: 21.613 median: 18.753 POWL: 17.749 low: -26.375 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 69.639 | |
| Forward PE/G | -3.584 | |
| Forward P/S | 51.761 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 2.061 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.228 | |
| Asset Turnover Ratio QoQ | -17.701 % | |
| Asset Turnover Ratio YoY | -13.077 % | |
| Asset Turnover Ratio IPRWA | high: 0.501 POWL: 0.228 mean: 0.186 median: 0.172 low: -0.036 |
|
| Receivables Turnover | 1.235 | |
| Receivables Turnover Ratio QoQ | -11.134 % | |
| Receivables Turnover Ratio YoY | 4.304 % | |
| Receivables Turnover Ratio IPRWA | high: 1.985 mean: 1.356 median: 1.289 POWL: 1.235 low: 0.153 |
|
| Inventory Turnover | 2.119 | |
| Inventory Turnover Ratio QoQ | -10.224 % | |
| Inventory Turnover Ratio YoY | 1.329 % | |
| Inventory Turnover Ratio IPRWA | high: 2.323 POWL: 2.119 mean: 0.968 median: 0.908 low: 0.332 |
|
| Days Sales Outstanding (DSO) | 73.861 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 85.997 | |
| Cash Conversion Cycle Days QoQ | 14.923 % | |
| Cash Conversion Cycle Days YoY | 0.788 % | |
| Cash Conversion Cycle Days IPRWA | high: 282.34 mean: 104.039 POWL: 85.997 median: 84.944 low: -87.947 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 0.484 | |
| CapEx To Revenue | -0.008 | |
| CapEx To Depreciation | -1.053 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 668.9 M | |
| Net Invested Capital | $ 668.9 M | |
| Invested Capital | $ 668.9 M | |
| Net Tangible Assets | $ 656.8 M | |
| Net Working Capital | $ 518.5 M | |
| LIQUIDITY | ||
| Cash Ratio | 1.247 | |
| Current Ratio | 2.291 | |
| Current Ratio QoQ | 9.757 % | |
| Current Ratio YoY | 19.266 % | |
| Current Ratio IPRWA | high: 7.076 POWL: 2.291 mean: 2.086 median: 1.547 low: 1.038 |
|
| Quick Ratio | 2.079 | |
| Quick Ratio QoQ | 9.587 % | |
| Quick Ratio YoY | 22.407 % | |
| Quick Ratio IPRWA | high: 6.699 POWL: 2.079 mean: 1.441 median: 1.001 low: 0.539 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 0.032 | |
| Cost Of Debt | 21.196 % | |
| Interest Coverage Ratio | 113.753 | |
| Interest Coverage Ratio QoQ | -32.373 % | |
| Interest Coverage Ratio YoY | 20.238 % | |
| Interest Coverage Ratio IPRWA | POWL: 113.753 high: 42.37 mean: 15.509 median: 13.319 low: -57.382 |
|
| Operating Cash Flow Ratio | 0.129 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 25.728 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | 12.794 | |
| Dividend Payout Ratio | 0.078 | |
| Dividend Rate | $ 0.27 | |
| Dividend Yield | 0.001 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | -1.318 % | |
| Revenue Growth | -15.705 % | |
| Revenue Growth QoQ | -483.891 % | |
| Revenue Growth YoY | 28.445 % | |
| Revenue Growth IPRWA | high: 49.829 % mean: 4.575 % median: 0.959 % POWL: -15.705 % low: -78.064 % |
|
| Earnings Growth | -19.431 % | |
| Earnings Growth QoQ | -395.934 % | |
| Earnings Growth YoY | -19.5 % | |
| Earnings Growth IPRWA | high: 200.0 % mean: 22.563 % median: 6.897 % POWL: -19.431 % low: -128.571 % |
|
| MARGINS | ||
| Gross Margin | 28.433 % | |
| Gross Margin QoQ | -9.409 % | |
| Gross Margin YoY | 15.323 % | |
| Gross Margin IPRWA | high: 44.281 % median: 36.288 % mean: 35.506 % POWL: 28.433 % low: -12.055 % |
|
| EBIT Margin | 17.028 % | |
| EBIT Margin QoQ | -19.77 % | |
| EBIT Margin YoY | 15.569 % | |
| EBIT Margin IPRWA | high: 22.162 % POWL: 17.028 % mean: 14.968 % median: 13.242 % low: -114.823 % |
|
| Return On Sales (ROS) | 17.028 % | |
| Return On Sales QoQ | -19.77 % | |
| Return On Sales YoY | 15.569 % | |
| Return On Sales IPRWA | high: 22.855 % mean: 17.204 % POWL: 17.028 % median: 14.156 % low: -96.362 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 41.6 M | |
| Free Cash Flow Yield | 0.933 % | |
| Free Cash Flow Yield QoQ | -39.376 % | |
| Free Cash Flow Yield YoY | -19.221 % | |
| Free Cash Flow Yield IPRWA | high: 3.815 % median: 1.189 % mean: 1.033 % POWL: 0.933 % low: -14.429 % |
|
| Free Cash Growth | -29.84 % | |
| Free Cash Growth QoQ | -174.01 % | |
| Free Cash Growth YoY | -91.261 % | |
| Free Cash Growth IPRWA | high: 198.504 % mean: 36.503 % median: 31.71 % POWL: -29.84 % low: -225.457 % |
|
| Free Cash To Net Income | 1.005 | |
| Cash Flow Margin | 20.672 % | |
| Cash Flow To Earnings | 1.255 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | 3.757 % | |
| Return On Assets QoQ | -21.418 % | |
| Return On Assets YoY | -0.53 % | |
| Return On Assets IPRWA | high: 3.87 % POWL: 3.757 % median: 2.226 % mean: 1.791 % low: -15.567 % |
|
| Return On Capital Employed (ROCE) | 6.174 % | |
| Return On Equity (ROE) | 0.062 | |
| Return On Equity QoQ | -22.891 % | |
| Return On Equity YoY | -11.65 % | |
| Return On Equity IPRWA | high: 0.219 POWL: 0.062 median: 0.058 mean: 0.047 low: -0.235 |
|
| DuPont ROE | 6.321 % | |
| Return On Invested Capital (ROIC) | 5.627 % | |
| Return On Invested Capital QoQ | -25.123 % | |
| Return On Invested Capital YoY | -166.766 % | |
| Return On Invested Capital IPRWA | high: 6.694 % POWL: 5.627 % median: 3.936 % mean: 3.447 % low: -7.193 % |
|