Technical Analysis
Directional indicators (ADX / DI+ / DI-): ADX at 20.18 signals an emerging trend strength; DI+ at 27.77 is increasing while DI- at 22.52 is decreasing, a directional setup that places bias toward buyers and supports the valuation gap identified by WMDST.
MACD: MACD stands at 0.15 and sits above the signal line at -0.46, a bullish momentum confirmation that implies recent price acceleration versus the prior signal baseline.
MRO (Momentum/Regression Oscillator): MRO at -23.72 reads negative, indicating the market price sits below the model target and therefore implies upward potential toward that valuation anchor.
RSI: RSI at 50.04, trending higher, indicates neutral-to-slightly-positive momentum with room for further appreciation before reaching overbought levels.
Price vs. Moving Averages and Ichimoku: Last close $39.14 sits above the 12-day EMA ($37.51), 20-day average ($37.13) and 50-day average ($38.29), supporting short-term upside. Price lies under the Ichimoku cloud (Senkou A $40.43 / Senkou B $41.67), which tempers the bullish moving-average picture by indicating medium-term resistance around the cloud band.
Bollinger & Volatility: Price near the 1x upper Bollinger band ($38.79) but below the 2x upper band ($40.44) suggests a modest extension rather than extreme overbought conditions; 42-day volatility at 3% and 52-week volatility at 4% reflect below-average historical volatility for this profile.
Volume: Today’s volume (3,655,563) runs below 10-day and 50-day averages, implying recent moves occur without heavy conviction; that dynamic increases sensitivity to fresh information or catalyst-driven volume.
Fundamental Analysis
Profitability & margins: EBIT recorded $-1,375,000,000 and EBIT margin at -2.77%. QoQ movement in EBIT margin registered -78.88% and YoY movement -317.37%, signaling sizeable margin deterioration over both horizons. Operating income stands negative at $-1,232,000,000 and operating margin at -2.48%, while gross margin sits at 4.96%.
Earnings per share: Reported EPS equaled $-1.19 versus an estimate of $-1.22, producing a positive surprise of roughly 2.46% (EPS surprise ratio 0.02459). Forward EPS consensus shown at $0.99 implies a material shift in forward profitability relative to trailing results; forward PE appears near 37.67 on that forward EPS.
Cash flow and liquidity: Operating cash flow totaled $437,000,000 with free cash flow $224,000,000 and a free cash flow yield of ~1.11%. Cash and short-term investments equaled $20,320,000,000 supporting a cash ratio of 0.554 and a current ratio of 1.10. Cash conversion dynamics (cashConversionRatio 13.53) and a positive cash flow delta of $772,000,000 reflect functioning cash generation despite negative net income.
Leverage and capital structure: Total debt totals $18,162,000,000 with debt-to-equity about 0.91 and debt-to-assets ~0.24. Interest expense near $168,000,000 and an interest coverage metric negative at -8.18 reflect earnings shortfalls versus interest obligations; capital structure shows meaningful leverage but sizable cash buffers.
Growth and efficiency: Reported total revenue $49,725,000,000 with revenue growth effectively flat at 0.07% on the base metric; the reported YoY revenue change in the dataset shows a larger negative figure, underscoring mixed growth signals. Asset turnover at 0.626 indicates moderate revenue generation from assets, while receivables turnover of 2.41 suggests collection cadence consistent with large managed-care payables/receivables cycles.
Valuation context: Price-to-book stands ~1.02, price-to-sales ~0.41 and enterprise value roughly $18.11B. The current valuation as determined by WMDST labels the stock under-valued relative to the firm’s cash-flow profile and adjusted risk factors; book value per share reads $40.57 while the share count equals 491,757,000.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-12-31 |
| REPORT DATE: | 2026-02-06 |
| NEXT REPORT DATE: | 2026-05-08 |
| CASH FLOW | Begin Period Cash Flow | $ 17.2 B |
| Operating Cash Flow | $ 437.0 M | |
| Capital Expenditures | $ -213.00 M | |
| Change In Working Capital | $ 723.0 M | |
| Dividends Paid | — | |
| Cash Flow Delta | $ 772.0 M | |
| End Period Cash Flow | $ 18.0 B | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 49.7 B | |
| Forward Revenue | $ -5.52 B | |
| COSTS | ||
| Cost Of Revenue | $ 47.3 B | |
| Depreciation | $ 160.0 M | |
| Depreciation and Amortization | $ 329.0 M | |
| Research and Development | — | |
| Total Operating Expenses | $ 51.0 B | |
| PROFITABILITY | ||
| Gross Profit | $ 2.5 B | |
| EBITDA | $ -1.05 B | |
| EBIT | $ -1.38 B | |
| Operating Income | $ -1.23 B | |
| Interest Income | — | |
| Interest Expense | $ 168.0 M | |
| Net Interest Income | $ -168.00 M | |
| Income Before Tax | $ -1.54 B | |
| Tax Provision | $ -443.00 M | |
| Tax Rate | 28.71 % | |
| Net Income | $ -1.10 B | |
| Net Income From Continuing Operations | $ -1.10 B | |
| EARNINGS | ||
| EPS Estimate | $ -1.22 | |
| EPS Actual | $ -1.19 | |
| EPS Difference | $ 0.03 | |
| EPS Surprise | 2.459 % | |
| Forward EPS | $ 0.99 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 76.7 B | |
| Intangible Assets | $ 15.4 B | |
| Net Tangible Assets | $ 4.6 B | |
| Total Current Assets | $ 40.4 B | |
| Cash and Short-Term Investments | $ 20.3 B | |
| Cash | $ 17.9 B | |
| Net Receivables | $ 18.1 B | |
| Inventory | — | |
| Long-Term Investments | $ 1.6 B | |
| LIABILITIES | ||
| Accounts Payable | $ 13.6 B | |
| Short-Term Debt | $ 50.0 M | |
| Total Current Liabilities | $ 36.7 B | |
| Net Debt | — | |
| Total Debt | $ 18.2 B | |
| Total Liabilities | $ 56.7 B | |
| EQUITY | ||
| Total Equity | $ 20.0 B | |
| Retained Earnings | $ 8.7 B | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 40.57 | |
| Shares Outstanding | 491.757 M | |
| Revenue Per-Share | $ 101.12 | |
| VALUATION | Market Capitalization | $ 20.3 B |
| Enterprise Value | $ 18.1 B | |
| Enterprise Multiple | -17.31 | |
| Enterprise Multiple QoQ | 588.607 % | |
| Enterprise Multiple YoY | -198.204 % | |
| Enterprise Multiple IPRWA | high: 169.984 median: 51.214 mean: 46.412 CNC: -17.31 low: -93.578 |
|
| EV/R | 0.364 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 3.846 | |
| Asset To Liability | 1.354 | |
| Debt To Capital | 0.477 | |
| Debt To Assets | 0.237 | |
| Debt To Assets QoQ | 10.481 % | |
| Debt To Assets YoY | 17693.233 % | |
| Debt To Assets IPRWA | high: 0.927 mean: 0.353 median: 0.264 CNC: 0.237 low: 0.001 |
|
| Debt To Equity | 0.91 | |
| Debt To Equity QoQ | 8.445 % | |
| Debt To Equity YoY | 21728.297 % | |
| Debt To Equity IPRWA | high: 3.121 mean: 0.976 CNC: 0.91 median: 0.754 low: -1.835 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 1.016 | |
| Price To Book QoQ | 23.642 % | |
| Price To Book YoY | -14.192 % | |
| Price To Book IPRWA | high: 9.281 mean: 2.163 median: 1.75 CNC: 1.016 low: -0.324 |
|
| Price To Earnings (P/E) | -34.628 | |
| Price To Earnings QoQ | -149.448 % | |
| Price To Earnings YoY | -143.95 % | |
| Price To Earnings IPRWA | high: 223.057 median: 71.489 mean: 61.092 CNC: -34.628 low: -73.764 |
|
| PE/G Ratio | 0.102 | |
| Price To Sales (P/S) | 0.408 | |
| Price To Sales QoQ | 17.685 % | |
| Price To Sales YoY | -46.8 % | |
| Price To Sales IPRWA | high: 14.8 mean: 2.598 median: 1.008 CNC: 0.408 low: 0.027 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 37.668 | |
| Forward PE/G | -0.111 | |
| Forward P/S | -3.535 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | -1119.575 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.626 | |
| Asset Turnover Ratio QoQ | 6.149 % | |
| Asset Turnover Ratio YoY | 26.435 % | |
| Asset Turnover Ratio IPRWA | high: 1.261 CNC: 0.626 mean: 0.544 median: 0.415 low: 0.013 |
|
| Receivables Turnover | 2.413 | |
| Receivables Turnover Ratio QoQ | 8.44 % | |
| Receivables Turnover Ratio YoY | 12.339 % | |
| Receivables Turnover Ratio IPRWA | high: 6.521 median: 3.758 mean: 3.62 CNC: 2.413 low: 0.053 |
|
| Inventory Turnover | — | |
| Inventory Turnover Ratio QoQ | — | |
| Inventory Turnover Ratio YoY | — | |
| Inventory Turnover Ratio IPRWA | — | |
| Days Sales Outstanding (DSO) | 37.816 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | — | |
| Cash Conversion Cycle Days QoQ | — | |
| Cash Conversion Cycle Days YoY | — | |
| Cash Conversion Cycle Days IPRWA | high: 33.528 CNC: 0 mean: -1.551 median: -7.057 low: -17.884 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 13.534 | |
| CapEx To Revenue | -0.004 | |
| CapEx To Depreciation | -1.331 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 37.3 B | |
| Net Invested Capital | $ 37.4 B | |
| Invested Capital | $ 37.4 B | |
| Net Tangible Assets | $ 4.6 B | |
| Net Working Capital | $ 3.7 B | |
| LIQUIDITY | ||
| Cash Ratio | 0.554 | |
| Current Ratio | 1.1 | |
| Current Ratio QoQ | 1.443 % | |
| Current Ratio YoY | -0.81 % | |
| Current Ratio IPRWA | high: 2.726 CNC: 1.1 mean: 1.075 median: 0.965 low: 0.244 |
|
| Quick Ratio | — | |
| Quick Ratio QoQ | — | |
| Quick Ratio YoY | — | |
| Quick Ratio IPRWA | — | |
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | -17.363 | |
| Cost Of Debt | 0.961 % | |
| Interest Coverage Ratio | -8.185 | |
| Interest Coverage Ratio QoQ | -78.607 % | |
| Interest Coverage Ratio YoY | -371.241 % | |
| Interest Coverage Ratio IPRWA | high: 26.873 mean: 7.588 median: 5.671 CNC: -8.185 low: -9.664 |
|
| Operating Cash Flow Ratio | 0.027 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 29.968 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | — | |
| Dividend Payout Ratio | — | |
| Dividend Rate | — | |
| Dividend Yield | — | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | -6.505 % | |
| Revenue Growth | 0.07 % | |
| Revenue Growth QoQ | -96.401 % | |
| Revenue Growth YoY | -102.415 % | |
| Revenue Growth IPRWA | high: 13.35 % median: 2.743 % mean: 2.433 % CNC: 0.07 % low: -7.264 % |
|
| Earnings Growth | -338.0 % | |
| Earnings Growth QoQ | -18.061 % | |
| Earnings Growth YoY | 567.76 % | |
| Earnings Growth IPRWA | high: 220.0 % median: -5.274 % mean: -21.507 % low: -249.457 % CNC: -338.0 % |
|
| MARGINS | ||
| Gross Margin | 4.961 % | |
| Gross Margin QoQ | -24.179 % | |
| Gross Margin YoY | -45.585 % | |
| Gross Margin IPRWA | high: 96.255 % mean: 25.775 % median: 12.836 % CNC: 4.961 % low: -5.777 % |
|
| EBIT Margin | -2.765 % | |
| EBIT Margin QoQ | -78.875 % | |
| EBIT Margin YoY | -317.374 % | |
| EBIT Margin IPRWA | high: 20.352 % mean: 5.696 % median: 2.026 % CNC: -2.765 % low: -39.27 % |
|
| Return On Sales (ROS) | -2.478 % | |
| Return On Sales QoQ | 483.059 % | |
| Return On Sales YoY | -294.811 % | |
| Return On Sales IPRWA | high: 20.384 % mean: 7.502 % median: 1.998 % CNC: -2.478 % low: -10.112 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 224.0 M | |
| Free Cash Flow Yield | 1.105 % | |
| Free Cash Flow Yield QoQ | -83.393 % | |
| Free Cash Flow Yield YoY | -146.605 % | |
| Free Cash Flow Yield IPRWA | high: 7.984 % mean: 1.578 % CNC: 1.105 % median: 1.041 % low: -12.708 % |
|
| Free Cash Growth | -80.437 % | |
| Free Cash Growth QoQ | 193.63 % | |
| Free Cash Growth YoY | 133.266 % | |
| Free Cash Growth IPRWA | high: 184.763 % mean: -61.846 % median: -72.187 % CNC: -80.437 % low: -369.889 % |
|
| Free Cash To Net Income | -0.203 | |
| Cash Flow Margin | 1.981 % | |
| Cash Flow To Earnings | -0.895 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.03 | |
| Return On Assets (ROA) | -1.386 % | |
| Return On Assets QoQ | -82.391 % | |
| Return On Assets YoY | -504.082 % | |
| Return On Assets IPRWA | high: 9.352 % mean: 1.289 % median: 1.157 % CNC: -1.386 % low: -13.174 % |
|
| Return On Capital Employed (ROCE) | -3.433 % | |
| Return On Equity (ROE) | -0.055 | |
| Return On Equity QoQ | -82.568 % | |
| Return On Equity YoY | -614.739 % | |
| Return On Equity IPRWA | high: 0.486 median: 0.023 CNC: -0.055 mean: -0.055 low: -0.604 |
|
| DuPont ROE | -5.383 % | |
| Return On Invested Capital (ROIC) | -2.624 % | |
| Return On Invested Capital QoQ | -84.357 % | |
| Return On Invested Capital YoY | 3.839 % | |
| Return On Invested Capital IPRWA | high: 7.875 % mean: 2.576 % median: 2.088 % CNC: -2.624 % low: -4.467 % |
|