Recent News
On February 24, 2026 the Board approved a quarterly cash dividend increase to $0.21 per share, payable March 31, 2026, marking a 5% raise and the 22nd consecutive annual increase since initiation. The company also issued public 2026 guidance projecting modest adjusted EPS and free-cash-flow growth for the year, with management pointing to volume and adjusted EBIT gains in key segments.
Technical Analysis
ADX / DI+ — ADX equals 32.33, indicating a strong trend environment; DI+ sits at 20.04 and is increasing, a bullish directional signal for near-term price momentum.
DI- — DI- measures 29.72 and is decreasing, which aligns with bullish directional pressure as downside directional force eases.
MACD — MACD at -0.71 has turned higher and lies above the signal line (-1.17); that crossover constitutes a bullish momentum shift from recent negative divergence.
MRO — MRO equals -35.89 (negative), indicating the current price sits below the model target and implying upside potential as momentum reverts toward target levels.
RSI — RSI at 47.67 with a dip-and-reversal pattern signals neutral-to-constructive momentum; neither overbought nor oversold conditions constrain a short-term bounce.
Price vs Averages / Ichimoku — Close $41.87 trades above the 20-day average ($39.75) and 12-day EMA ($40.57) but below the 50-day ($43.88) and 200-day ($44.23) averages; Tenkan/Kijun and Senkou spans place the price beneath the Ichimoku cloud, so short-term momentum favors rebounds while longer-term trend holds resistance near the 50–200 day band. Together, moving-average positioning and indicator crossovers bias the near-term outlook toward recovery attempts that must overcome medium-term resistance to confirm sustained upside.
Fundamental Analysis
Profitability and Margins: EBIT equals $101,134,000 and the EBIT margin stands at 6.89% QoQ change -30.37% and YoY change +4.29%. The EBIT margin sits below the industry peer mean of 14.88% and below the industry peer median of 11.27%, indicating compressed operating profitability versus peers despite recent year-over-year improvement.
Revenue and Earnings Growth: Total revenue $1,468,605,000; revenue growth year-over-year +40.51% while revenue growth quarter-over-quarter registered -188.14% (as provided). Reported EPS came in at $0.67 versus an estimate of $0.64, producing an EPS surprise of +4.69%.
Cash Flow & Liquidity: Operating cash flow $1,293,806,000 and free cash flow $1,222,505,000 produce a free-cash-flow yield of 27.70% and a cash conversion ratio 2.72; free cash flow growth YoY +51.90% and QoQ -295.49% (as provided). The cash position $1,080,659,000 and cash-and-short-term investments bolster near-term liquidity; current ratio 1.22 and quick ratio 0.78 show working-capital coverage in line with operational needs.
Leverage and Coverage: Total debt $4,346,848,000 with debt-to-assets 46.26%, exceeding the industry peer high of 41.12%; debt-to-equity 191.13% with debt-to-EBITDA ~23.87. Interest coverage ratio 2.12 falls below the industry peer low of 4.08. These leverage metrics highlight heavier balance-sheet gearing relative to peers and tighter interest-coverage capacity.
Valuation Metrics: Trailing P/E 62.48 (PE ratio QoQ +68.29%), forward P/E 39.93, price-to-book 1.94 (below the industry peer mean 2.34), and enterprise value / revenue and EV multiples consistent with an under-valued tag assigned below. Free-cash-flow yield markedly exceeds the industry peer mean, supporting valuation upside if cash generation sustains.
Dividend & Shareholder Returns: Quarterly dividend raised to $0.21; dividend coverage ratio 0.87 and payout ratio 115.35% reflect a payout level above current earnings but supported by sizable operating cash flow and free cash flow.
WMDST Valuation — WMDST values the stock as under-valued, driven by robust free cash flow, a raised dividend that signals distribution confidence, and forward earnings guidance; elevated leverage and below-peer EBIT margin constrain the valuation premium but do not offset strong cash generation in the current model.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-12-31 |
| REPORT DATE: | 2026-02-04 |
| NEXT REPORT DATE: | 2026-05-06 |
| CASH FLOW | Begin Period Cash Flow | $ 389.2 M |
| Operating Cash Flow | $ 1.3 B | |
| Capital Expenditures | $ -71.30 M | |
| Change In Working Capital | $ 1.1 B | |
| Dividends Paid | $ -21.00 M | |
| Cash Flow Delta | $ 691.5 M | |
| End Period Cash Flow | $ 1.1 B | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 1.5 B | |
| Forward Revenue | $ 2.2 B | |
| COSTS | ||
| Cost Of Revenue | $ 1.2 B | |
| Depreciation | $ 81.0 M | |
| Depreciation and Amortization | $ 81.0 M | |
| Research and Development | — | |
| Total Operating Expenses | $ 1.3 B | |
| PROFITABILITY | ||
| Gross Profit | $ 252.7 M | |
| EBITDA | $ 182.1 M | |
| EBIT | $ 101.1 M | |
| Operating Income | $ 134.8 M | |
| Interest Income | — | |
| Interest Expense | $ 47.7 M | |
| Net Interest Income | $ -47.75 M | |
| Income Before Tax | $ 53.4 M | |
| Tax Provision | $ 35.8 M | |
| Tax Rate | 21.0 % | |
| Net Income | $ 18.2 M | |
| Net Income From Continuing Operations | $ 18.2 M | |
| EARNINGS | ||
| EPS Estimate | $ 0.64 | |
| EPS Actual | $ 0.67 | |
| EPS Difference | $ 0.03 | |
| EPS Surprise | 4.688 % | |
| Forward EPS | $ 1.02 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 9.4 B | |
| Intangible Assets | $ 3.4 B | |
| Net Tangible Assets | $ -1.11 B | |
| Total Current Assets | $ 3.0 B | |
| Cash and Short-Term Investments | $ 1.1 B | |
| Cash | $ 1.1 B | |
| Net Receivables | $ 589.4 M | |
| Inventory | $ 1.1 B | |
| Long-Term Investments | $ 640.1 M | |
| LIABILITIES | ||
| Accounts Payable | $ 1.3 B | |
| Short-Term Debt | $ 631.6 M | |
| Total Current Liabilities | $ 2.5 B | |
| Net Debt | $ 3.3 B | |
| Total Debt | $ 4.3 B | |
| Total Liabilities | $ 7.1 B | |
| EQUITY | ||
| Total Equity | $ 2.3 B | |
| Retained Earnings | $ 3.6 B | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 21.57 | |
| Shares Outstanding | 105.442 M | |
| Revenue Per-Share | $ 13.93 | |
| VALUATION | Market Capitalization | $ 4.4 B |
| Enterprise Value | $ 7.7 B | |
| Enterprise Multiple | 42.177 | |
| Enterprise Multiple QoQ | 27.081 % | |
| Enterprise Multiple YoY | 30.761 % | |
| Enterprise Multiple IPRWA | high: 49.278 SLGN: 42.177 median: 41.639 mean: 36.108 low: 13.497 |
|
| EV/R | 5.229 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 4.132 | |
| Asset To Liability | 1.319 | |
| Debt To Capital | 0.657 | |
| Debt To Assets | 0.463 | |
| Debt To Assets QoQ | -11.191 % | |
| Debt To Assets YoY | 453.91 % | |
| Debt To Assets IPRWA | SLGN: 0.463 high: 0.411 median: 0.359 mean: 0.331 low: 0.209 |
|
| Debt To Equity | 1.911 | |
| Debt To Equity QoQ | -12.207 % | |
| Debt To Equity YoY | 430.413 % | |
| Debt To Equity IPRWA | SLGN: 1.911 high: 1.293 median: 1.27 mean: 0.989 low: 0.392 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 1.941 | |
| Price To Book QoQ | -7.85 % | |
| Price To Book YoY | -31.084 % | |
| Price To Book IPRWA | high: 2.998 median: 2.594 mean: 2.338 SLGN: 1.941 low: 1.268 |
|
| Price To Earnings (P/E) | 62.477 | |
| Price To Earnings QoQ | 68.292 % | |
| Price To Earnings YoY | 1.225 % | |
| Price To Earnings IPRWA | high: 139.932 mean: 77.159 SLGN: 62.477 median: 58.228 low: 44.235 |
|
| PE/G Ratio | -1.698 | |
| Price To Sales (P/S) | 3.005 | |
| Price To Sales QoQ | 26.145 % | |
| Price To Sales YoY | -24.303 % | |
| Price To Sales IPRWA | high: 8.31 mean: 4.989 median: 4.201 SLGN: 3.005 low: 2.591 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 39.927 | |
| Forward PE/G | -1.085 | |
| Forward P/S | 2.03 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 1.826 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.155 | |
| Asset Turnover Ratio QoQ | -26.837 % | |
| Asset Turnover Ratio YoY | -10.046 % | |
| Asset Turnover Ratio IPRWA | high: 0.186 median: 0.175 mean: 0.173 SLGN: 0.155 low: 0.155 |
|
| Receivables Turnover | 1.404 | |
| Receivables Turnover Ratio QoQ | -4.082 % | |
| Receivables Turnover Ratio YoY | -10.236 % | |
| Receivables Turnover Ratio IPRWA | high: 2.201 median: 1.827 mean: 1.801 SLGN: 1.404 low: 1.201 |
|
| Inventory Turnover | 1.157 | |
| Inventory Turnover Ratio QoQ | -21.552 % | |
| Inventory Turnover Ratio YoY | -15.706 % | |
| Inventory Turnover Ratio IPRWA | high: 2.322 mean: 1.423 median: 1.395 SLGN: 1.157 low: 1.151 |
|
| Days Sales Outstanding (DSO) | 64.998 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 64.974 | |
| Cash Conversion Cycle Days QoQ | -25.373 % | |
| Cash Conversion Cycle Days YoY | 16.481 % | |
| Cash Conversion Cycle Days IPRWA | high: 158.747 SLGN: 64.974 median: 50.94 mean: 43.183 low: -27.415 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 2.719 | |
| CapEx To Revenue | -0.049 | |
| CapEx To Depreciation | -0.881 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 6.0 B | |
| Net Invested Capital | $ 6.6 B | |
| Invested Capital | $ 6.6 B | |
| Net Tangible Assets | $ -1.11 B | |
| Net Working Capital | $ 540.0 M | |
| LIQUIDITY | ||
| Cash Ratio | 0.441 | |
| Current Ratio | 1.22 | |
| Current Ratio QoQ | -3.903 % | |
| Current Ratio YoY | 8.717 % | |
| Current Ratio IPRWA | high: 1.623 mean: 1.253 SLGN: 1.22 median: 1.114 low: 1.047 |
|
| Quick Ratio | 0.78 | |
| Quick Ratio QoQ | -8.558 % | |
| Quick Ratio YoY | 9.899 % | |
| Quick Ratio IPRWA | high: 1.162 mean: 0.858 SLGN: 0.78 median: 0.747 low: 0.603 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 23.872 | |
| Cost Of Debt | 0.757 % | |
| Interest Coverage Ratio | 2.118 | |
| Interest Coverage Ratio QoQ | -46.703 % | |
| Interest Coverage Ratio YoY | 1.169 % | |
| Interest Coverage Ratio IPRWA | high: 25.907 mean: 8.273 median: 6.382 low: 4.077 SLGN: 2.118 |
|
| Operating Cash Flow Ratio | 0.553 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 57.073 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | 0.867 | |
| Dividend Payout Ratio | 1.153 | |
| Dividend Rate | $ 0.20 | |
| Dividend Yield | 0.005 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | -1.065 % | |
| Revenue Growth | -26.889 % | |
| Revenue Growth QoQ | -188.135 % | |
| Revenue Growth YoY | 40.508 % | |
| Revenue Growth IPRWA | high: 0.167 % median: -0.947 % mean: -4.49 % low: -17.04 % SLGN: -26.889 % |
|
| Earnings Growth | -36.792 % | |
| Earnings Growth QoQ | -276.953 % | |
| Earnings Growth YoY | 23.662 % | |
| Earnings Growth IPRWA | high: 4700.0 % mean: 565.336 % median: -10.784 % SLGN: -36.792 % low: -45.312 % |
|
| MARGINS | ||
| Gross Margin | 17.205 % | |
| Gross Margin QoQ | 5.61 % | |
| Gross Margin YoY | 1.588 % | |
| Gross Margin IPRWA | high: 35.131 % mean: 23.674 % median: 19.633 % low: 19.361 % SLGN: 17.205 % |
|
| EBIT Margin | 6.886 % | |
| EBIT Margin QoQ | -30.374 % | |
| EBIT Margin YoY | 4.286 % | |
| EBIT Margin IPRWA | high: 29.116 % mean: 14.877 % median: 11.273 % low: 9.501 % SLGN: 6.886 % |
|
| Return On Sales (ROS) | 9.176 % | |
| Return On Sales QoQ | -10.101 % | |
| Return On Sales YoY | 38.967 % | |
| Return On Sales IPRWA | high: 11.459 % median: 10.128 % mean: 9.54 % SLGN: 9.176 % low: 5.68 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 1.2 B | |
| Free Cash Flow Yield | 27.698 % | |
| Free Cash Flow Yield QoQ | 408.313 % | |
| Free Cash Flow Yield YoY | 79.403 % | |
| Free Cash Flow Yield IPRWA | SLGN: 27.698 % high: 7.403 % median: 7.035 % mean: 4.609 % low: -1.521 % |
|
| Free Cash Growth | 368.773 % | |
| Free Cash Growth QoQ | -295.493 % | |
| Free Cash Growth YoY | 51.964 % | |
| Free Cash Growth IPRWA | SLGN: 368.773 % high: 305.058 % mean: 126.412 % median: 42.839 % low: -136.607 % |
|
| Free Cash To Net Income | 67.156 | |
| Cash Flow Margin | 92.276 % | |
| Cash Flow To Earnings | 74.443 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.02 | |
| Return On Assets (ROA) | 0.193 % | |
| Return On Assets QoQ | -83.89 % | |
| Return On Assets YoY | -65.036 % | |
| Return On Assets IPRWA | high: 2.904 % mean: 1.653 % median: 1.436 % low: 1.046 % SLGN: 0.193 % |
|
| Return On Capital Employed (ROCE) | 1.456 % | |
| Return On Equity (ROE) | 0.008 | |
| Return On Equity QoQ | -83.952 % | |
| Return On Equity YoY | -64.68 % | |
| Return On Equity IPRWA | high: 0.092 mean: 0.046 median: 0.037 low: 0.028 SLGN: 0.008 |
|
| DuPont ROE | 0.801 % | |
| Return On Invested Capital (ROIC) | 1.207 % | |
| Return On Invested Capital QoQ | -42.055 % | |
| Return On Invested Capital YoY | -101.505 % | |
| Return On Invested Capital IPRWA | high: 4.891 % mean: 2.834 % median: 2.122 % low: 2.025 % SLGN: 1.207 % |
|