Recent News
On April 3, 2026 the company published its 2026 proxy statement and 2025 annual report. On February 27, 2026 the company announced planned participation at upcoming investor conferences. In January 2026 the board declared a regular quarterly cash dividend of $0.12 per share, payable March 6, 2026 to holders of record February 13, 2026. Recent analyst commentary in early April noted upgrades and flagged forthcoming board retirements; the company scheduled first-quarter 2026 results for release after market close April 30, 2026 and a conference call on May 1, 2026.
Technical Analysis
ADX at 11.21 indicates trend strength remains absent, so directional signals carry limited conviction for the immediate outlook.
DI+ shows a peak & reversal, which signals growing bearish pressure; DI- also shows a peak & reversal, indicating downside directional pressure has eased. Those opposing DI readings imply short-term directional conflict while ADX keeps overall conviction low.
MACD registered a peak & reversal and currently sits below its signal line (MACD 0.56 vs signal 0.62), a configuration that denotes bearish momentum and suggests upside rallies may encounter resistance until momentum stabilizes.
MRO sits positive at 21.47 with a dip & reversal; the positive level signals the price sits above the model target and faces pressure to compress that premium, though the recent dip & reversal indicates momentum has begun to adjust.
RSI at 54.27 with a peak & reversal reflects waning upside momentum rather than oversold or overbought extremes; short-term strength has moderated from recent highs.
Price trades above the 200-day average ($63.64) and above the 50-day average ($70.45) but just below the 12-day EMA ($71.44) and the 20-day average ($71.63), indicating longer-term support yet near-term resistance. Bollinger 1x bands run roughly $69.95–$73.31 and the close ($71.35) sits near the midpoint, implying consolidation rather than trending breakout. Super trend lower at $68.94 provides a nearby technical support reference.
Average volume readings lag: today’s volume (111,538) sits below 10-day, 50-day and 200-day averages, suggesting any directional move lacks current conviction. Beta measures (42-day 0.80, 52-week 0.86) show below-market volatility, consistent with contained intraday moves.
Fundamental Analysis
Profitability: EBIT of $59.5M yields an EBIT margin of 11.45%, down QoQ by 13.39% and down YoY by 27.64%. That EBIT margin sits below the industry peer mean (19.49%) and well under the industry peer median (26.06%), indicating compressed operating profitability versus peers.
Revenue and earnings: Total revenue reached $519.5M. Reported EPS came in at $1.27 versus an estimate of $1.28, a negative surprise of roughly -0.78%. Forward EPS sits at $1.75 and forward P/E reads ~34.41, while current P/E stands near 49.33; those multiples reflect near-term earnings sensitivity and elevated valuation relative to reported trailing earnings.
Cash flow and liquidity: Operating cash flow reached $64.3M with free cash flow of $31.9M and a free-cash-flow yield of 1.64%, which measures above the industry peer mean free-cash-flow yield (1.10%). Cash and short-term investments total $332.6M against net debt of $632.7M; current and quick ratios (2.08 and 1.45) indicate ample near-term liquidity.
Leverage and coverage: Total debt of $961.7M produces a debt-to-assets ratio of 27.72% and debt-to-EBITDA near 11.6x, while interest coverage stands at 4.61x—below the industry peer mean interest coverage of 7.58x—highlighting elevated leverage versus typical peer coverage levels.
Growth: YoY revenue growth reads +92.61% while QoQ revenue growth shows -466.01%; reported earnings growth metrics present mixed timeframes (earningsGrowth YoY +26.29% vs QoQ +55.56%), reflecting large period-to-period swings tied to prior-year comparables and one-time items disclosed in the annual filings.
One-time items: Company filings and the annual report indicate a material litigation-related accrual affected full-year reported results; adjusted earnings and underlying cash generation remain positive, but litigation-related charges materially shaped reported net income for the period.
Valuation: WMDST values the stock as under-valued. Market metrics include an enterprise multiple near 31.08 and a market capitalization near $1.94B; the combination of positive free cash flow yield above the industry peer mean and a sizable cash position supports the under-valued classification despite compressed operating margins and elevated leverage ratios.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-12-31 |
| REPORT DATE: | 2026-01-29 |
| NEXT REPORT DATE: | 2026-04-30 |
| CASH FLOW | Begin Period Cash Flow | $ 319.6 M |
| Operating Cash Flow | $ 64.3 M | |
| Capital Expenditures | $ -32.40 M | |
| Change In Working Capital | $ -17.20 M | |
| Dividends Paid | $ -3.80 M | |
| Cash Flow Delta | $ 9.4 M | |
| End Period Cash Flow | $ 329.0 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 519.5 M | |
| Forward Revenue | $ 189.7 M | |
| COSTS | ||
| Cost Of Revenue | $ 395.0 M | |
| Depreciation | — | |
| Depreciation and Amortization | — | |
| Research and Development | $ 5.8 M | |
| Total Operating Expenses | $ 453.0 M | |
| PROFITABILITY | ||
| Gross Profit | $ 124.5 M | |
| EBITDA | $ 82.8 M | |
| EBIT | $ 59.5 M | |
| Operating Income | $ 66.5 M | |
| Interest Income | — | |
| Interest Expense | $ 12.9 M | |
| Net Interest Income | $ -12.90 M | |
| Income Before Tax | $ 46.6 M | |
| Tax Provision | $ 9.6 M | |
| Tax Rate | 20.601 % | |
| Net Income | $ 37.2 M | |
| Net Income From Continuing Operations | $ 38.5 M | |
| EARNINGS | ||
| EPS Estimate | $ 1.28 | |
| EPS Actual | $ 1.27 | |
| EPS Difference | $ -0.01 | |
| EPS Surprise | -0.781 % | |
| Forward EPS | $ 1.75 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 3.5 B | |
| Intangible Assets | $ 1.1 B | |
| Net Tangible Assets | $ 588.8 M | |
| Total Current Assets | $ 1.2 B | |
| Cash and Short-Term Investments | $ 332.6 M | |
| Cash | $ 329.0 M | |
| Net Receivables | $ 400.1 M | |
| Inventory | $ 350.2 M | |
| Long-Term Investments | $ 148.6 M | |
| LIABILITIES | ||
| Accounts Payable | $ 187.9 M | |
| Short-Term Debt | $ 6.7 M | |
| Total Current Liabilities | $ 555.4 M | |
| Net Debt | $ 632.7 M | |
| Total Debt | $ 961.7 M | |
| Total Liabilities | $ 1.7 B | |
| EQUITY | ||
| Total Equity | $ 1.7 B | |
| Retained Earnings | $ 2.5 B | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 55.21 | |
| Shares Outstanding | 31.034 M | |
| Revenue Per-Share | $ 16.74 | |
| VALUATION | Market Capitalization | $ 1.9 B |
| Enterprise Value | $ 2.6 B | |
| Enterprise Multiple | 31.081 | |
| Enterprise Multiple QoQ | 13.114 % | |
| Enterprise Multiple YoY | 55.361 % | |
| Enterprise Multiple IPRWA | high: 201.531 median: 69.978 mean: 62.82 MTX: 31.081 low: -65.785 |
|
| EV/R | 4.954 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 2.025 | |
| Asset To Liability | 2.018 | |
| Debt To Capital | 0.359 | |
| Debt To Assets | 0.277 | |
| Debt To Assets QoQ | -1.925 % | |
| Debt To Assets YoY | 8006.14 % | |
| Debt To Assets IPRWA | high: 0.677 mean: 0.367 median: 0.323 MTX: 0.277 low: 0.005 |
|
| Debt To Equity | 0.561 | |
| Debt To Equity QoQ | -3.829 % | |
| Debt To Equity YoY | 8353.012 % | |
| Debt To Equity IPRWA | high: 3.443 mean: 1.189 median: 0.734 MTX: 0.561 low: -2.333 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 1.135 | |
| Price To Book QoQ | 0.028 % | |
| Price To Book YoY | -19.149 % | |
| Price To Book IPRWA | high: 7.87 median: 5.316 mean: 4.013 MTX: 1.135 low: -3.248 |
|
| Price To Earnings (P/E) | 49.334 | |
| Price To Earnings QoQ | 10.721 % | |
| Price To Earnings YoY | -3.744 % | |
| Price To Earnings IPRWA | high: 152.705 median: 134.49 mean: 96.205 MTX: 49.334 low: -249.678 |
|
| PE/G Ratio | -2.731 | |
| Price To Sales (P/S) | 3.743 | |
| Price To Sales QoQ | 4.849 % | |
| Price To Sales YoY | -20.918 % | |
| Price To Sales IPRWA | high: 23.197 median: 18.503 mean: 16.145 MTX: 3.743 low: 0.853 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 34.406 | |
| Forward PE/G | -1.905 | |
| Forward P/S | 10.233 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 6.39 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.15 | |
| Asset Turnover Ratio QoQ | -2.623 % | |
| Asset Turnover Ratio YoY | -1.749 % | |
| Asset Turnover Ratio IPRWA | high: 0.321 MTX: 0.15 mean: 0.132 median: 0.101 low: 0.003 |
|
| Receivables Turnover | 1.277 | |
| Receivables Turnover Ratio QoQ | 0.672 % | |
| Receivables Turnover Ratio YoY | -1.677 % | |
| Receivables Turnover Ratio IPRWA | high: 3.579 mean: 1.724 median: 1.702 MTX: 1.277 low: 0.278 |
|
| Inventory Turnover | 1.107 | |
| Inventory Turnover Ratio QoQ | 1.215 % | |
| Inventory Turnover Ratio YoY | -1.759 % | |
| Inventory Turnover Ratio IPRWA | high: 2.952 median: 2.174 mean: 1.809 MTX: 1.107 low: 0.542 |
|
| Days Sales Outstanding (DSO) | 71.445 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 109.42 | |
| Cash Conversion Cycle Days QoQ | -0.661 % | |
| Cash Conversion Cycle Days YoY | 2.797 % | |
| Cash Conversion Cycle Days IPRWA | high: 253.698 MTX: 109.42 mean: 55.225 median: 40.342 low: -25.808 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 0.866 | |
| CapEx To Revenue | -0.062 | |
| CapEx To Depreciation | — | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 2.7 B | |
| Net Invested Capital | $ 2.7 B | |
| Invested Capital | $ 2.7 B | |
| Net Tangible Assets | $ 588.8 M | |
| Net Working Capital | $ 600.2 M | |
| LIQUIDITY | ||
| Cash Ratio | 0.599 | |
| Current Ratio | 2.081 | |
| Current Ratio QoQ | 4.893 % | |
| Current Ratio YoY | -26.837 % | |
| Current Ratio IPRWA | high: 4.382 MTX: 2.081 mean: 1.238 median: 0.877 low: 0.797 |
|
| Quick Ratio | 1.45 | |
| Quick Ratio QoQ | 5.948 % | |
| Quick Ratio YoY | -26.896 % | |
| Quick Ratio IPRWA | high: 2.933 MTX: 1.45 mean: 0.922 median: 0.742 low: 0.471 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 11.615 | |
| Cost Of Debt | 1.071 % | |
| Interest Coverage Ratio | 4.612 | |
| Interest Coverage Ratio QoQ | -9.586 % | |
| Interest Coverage Ratio YoY | -29.127 % | |
| Interest Coverage Ratio IPRWA | high: 16.611 median: 8.366 mean: 7.579 MTX: 4.612 low: -6.068 |
|
| Operating Cash Flow Ratio | 0.099 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 44.402 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | 9.789 | |
| Dividend Payout Ratio | 0.102 | |
| Dividend Rate | $ 0.12 | |
| Dividend Yield | 0.002 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 0.295 % | |
| Revenue Growth | -2.423 % | |
| Revenue Growth QoQ | -466.012 % | |
| Revenue Growth YoY | 92.607 % | |
| Revenue Growth IPRWA | high: 42.575 % median: -2.034 % MTX: -2.423 % mean: -2.882 % low: -23.729 % |
|
| Earnings Growth | -18.065 % | |
| Earnings Growth QoQ | 55.558 % | |
| Earnings Growth YoY | 2628.852 % | |
| Earnings Growth IPRWA | high: 55.556 % MTX: -18.065 % median: -20.293 % mean: -21.914 % low: -217.241 % |
|
| MARGINS | ||
| Gross Margin | 23.965 % | |
| Gross Margin QoQ | -6.871 % | |
| Gross Margin YoY | -6.434 % | |
| Gross Margin IPRWA | high: 60.41 % median: 48.117 % mean: 41.05 % MTX: 23.965 % low: 5.793 % |
|
| EBIT Margin | 11.453 % | |
| EBIT Margin QoQ | -13.386 % | |
| EBIT Margin YoY | -27.636 % | |
| EBIT Margin IPRWA | high: 34.241 % median: 26.061 % mean: 19.492 % MTX: 11.453 % low: -14.049 % |
|
| Return On Sales (ROS) | 12.801 % | |
| Return On Sales QoQ | -13.072 % | |
| Return On Sales YoY | -19.119 % | |
| Return On Sales IPRWA | high: 36.378 % median: 24.384 % mean: 20.167 % MTX: 12.801 % low: -3.006 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 31.9 M | |
| Free Cash Flow Yield | 1.641 % | |
| Free Cash Flow Yield QoQ | -28.466 % | |
| Free Cash Flow Yield YoY | -4.87 % | |
| Free Cash Flow Yield IPRWA | high: 12.585 % MTX: 1.641 % mean: 1.103 % median: 0.773 % low: -6.674 % |
|
| Free Cash Growth | -26.835 % | |
| Free Cash Growth QoQ | -192.554 % | |
| Free Cash Growth YoY | -235.325 % | |
| Free Cash Growth IPRWA | high: 228.736 % median: -5.981 % mean: -24.475 % MTX: -26.835 % low: -332.845 % |
|
| Free Cash To Net Income | 0.858 | |
| Cash Flow Margin | 10.587 % | |
| Cash Flow To Earnings | 1.478 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.03 | |
| Return On Assets (ROA) | 1.074 % | |
| Return On Assets QoQ | -13.666 % | |
| Return On Assets YoY | -32.495 % | |
| Return On Assets IPRWA | high: 4.12 % median: 1.771 % mean: 1.359 % MTX: 1.074 % low: -2.582 % |
|
| Return On Capital Employed (ROCE) | 2.042 % | |
| Return On Equity (ROE) | 0.022 | |
| Return On Equity QoQ | -15.427 % | |
| Return On Equity YoY | -29.764 % | |
| Return On Equity IPRWA | high: 0.104 mean: 0.042 median: 0.04 MTX: 0.022 low: -0.096 |
|
| DuPont ROE | 2.196 % | |
| Return On Invested Capital (ROIC) | 1.766 % | |
| Return On Invested Capital QoQ | -12.531 % | |
| Return On Invested Capital YoY | -109.145 % | |
| Return On Invested Capital IPRWA | high: 6.545 % median: 2.664 % mean: 2.421 % MTX: 1.766 % low: -3.838 % |
|