Recent News
On April 20, 2026 the company published its annual report and related SEC filings noting an active review of strategic alternatives for the Asia‑Pacific business and that a new merchandising ERP went live in March 2026, with potential near‑term disruption to inventory flows. The company filed proxy/meeting materials setting the 2026 Annual Meeting for June 3, 2026, and issued a notice that first‑quarter fiscal 2026 results will be reported on May 27, 2026.
Technical Analysis
Directional indicators (ADX / DI+ / DI-): ADX at 27.88 indicates a strong underlying directional move; DI‑ at 33.39 is increasing, which is bearish; DI+ at 14.83 is decreasing, which is bearish. Together these readings align with a prevailing downside directional bias that increases the likelihood of continued short‑term weakness relative to the valuation backdrop.
MACD: MACD stands at -4.63 and is decreasing, with the MACD below its signal line (-3.36); that combination signals bearish momentum and reinforces near‑term negative price pressure against WMDST’s valuation anchor.
MRO (Momentum/Regression Oscillator): MRO reads 7.34 (positive) and the MRO trend is decreasing; price sits above the oscillator’s target level, implying a tendency for the price to move lower toward the target, adding to short‑term downside risk.
RSI: RSI 40.08 and declining signals falling momentum without an oversold extreme; momentum loss supports consolidation or further pullback rather than an immediate reversal.
Price vs. moving averages, ichimoku and bands: Closing price $72.32 sits below the 12‑day and 26‑day EMAs (12‑day EMA $77.72, 26‑day EMA $82.85) and well below the 200‑day average ($91.90), a configuration that biases price action lower relative to the WMDST valuation. Price remains beneath the ichimoku conversion and base lines (Tenkan $79.14; Kijun $87.86) and below the cloud (Senkou A $91.43 / Senkou B $94.82), indicating resistance overhead. Bollinger upper band near $85.17 and supertrend upper at $80.31 reinforce nearby resistance levels. Volume shows lower execution than 10‑, 50‑ and 200‑day averages, implying reduced conviction on recent moves.
Fundamental Analysis
Revenue and profitability: Total revenue $1,669,802,000 with revenue growth reported at 29.38% while YoY revenue change shows -5.52%; QoQ revenue growth reads 332.695%. Gross profit $993,311,000 and gross margin 59.487% (down 3.20% YoY). Operating income $235,931,000 and operating margin 14.129%, above the industry peer mean of 11.242% and above the industry peer median of 12.326%.
Earnings and cash flow: Reported diluted EPS $3.68 versus an estimate of $3.57, an EPS surprise of approximately 3.08%. Operating cash flow $306,142,000 and free cash flow $250,580,000 produce a free cash flow yield of 5.53%, above the industry peer mean of 3.00%. Free cash flow yield improved QoQ by 47.98% and YoY by 34.16%.
Margins and returns: EBIT $242,906,000 produces an EBIT margin of 14.55%, above the industry peer mean (11.36%) and median (12.33%). Return on equity 12.26% and return on invested capital 12.48% both sit above the industry peer means provided; return metrics improved QoQ but show YoY contraction (ROE YoY -12.53%).
Liquidity and leverage: Cash and short‑term investments $784,576,000 and current ratio 1.49 (in line with industry peer mean ~1.24). Total debt $1,168,095,000 yields debt/EBITDA ~4.12x, indicating levered capital structure that compresses flexibility versus peers with lower leverage profiles.
Valuation summary: WMDST values the stock as under‑valued. Market multiples show P/E ~26.85x (below the industry peer mean and median), P/B ~3.23x (below the industry peer mean but close to the peer median), and EV/Revenue and enterprise multiples that reflect premium expectations relative to current operating leverage. Free cash flow yield above the peer mean supports the WMDST under‑valued designation while elevated leverage and mixed YoY margin trends temper the valuation case.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2026-01-31 |
| REPORT DATE: | 2026-03-04 |
| NEXT REPORT DATE: | 2026-06-03 |
| CASH FLOW | Begin Period Cash Flow | $ 612.6 M |
| Operating Cash Flow | $ 306.1 M | |
| Capital Expenditures | $ -55.56 M | |
| Change In Working Capital | $ 46.5 M | |
| Dividends Paid | — | |
| Cash Flow Delta | $ 154.4 M | |
| End Period Cash Flow | $ 766.9 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 1.7 B | |
| Forward Revenue | $ 326.3 M | |
| COSTS | ||
| Cost Of Revenue | $ 676.5 M | |
| Depreciation | $ 40.5 M | |
| Depreciation and Amortization | $ 40.5 M | |
| Research and Development | — | |
| Total Operating Expenses | $ 1.4 B | |
| PROFITABILITY | ||
| Gross Profit | $ 993.3 M | |
| EBITDA | $ 283.4 M | |
| EBIT | $ 242.9 M | |
| Operating Income | $ 235.9 M | |
| Interest Income | $ 7.0 M | |
| Interest Expense | $ 544.0 K | |
| Net Interest Income | $ 6.4 M | |
| Income Before Tax | $ 242.4 M | |
| Tax Provision | $ 67.6 M | |
| Tax Rate | 27.89 % | |
| Net Income | $ 172.1 M | |
| Net Income From Continuing Operations | $ 174.8 M | |
| EARNINGS | ||
| EPS Estimate | $ 3.57 | |
| EPS Actual | $ 3.68 | |
| EPS Difference | $ 0.11 | |
| EPS Surprise | 3.081 % | |
| Forward EPS | $ 2.93 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 3.5 B | |
| Intangible Assets | — | |
| Net Tangible Assets | $ 1.4 B | |
| Total Current Assets | $ 1.7 B | |
| Cash and Short-Term Investments | $ 784.6 M | |
| Cash | $ 759.5 M | |
| Net Receivables | $ 146.8 M | |
| Inventory | $ 601.2 M | |
| Long-Term Investments | $ 219.9 M | |
| LIABILITIES | ||
| Accounts Payable | $ 377.5 M | |
| Short-Term Debt | — | |
| Total Current Liabilities | $ 1.1 B | |
| Net Debt | — | |
| Total Debt | $ 1.2 B | |
| Total Liabilities | $ 2.1 B | |
| EQUITY | ||
| Total Equity | $ 1.4 B | |
| Retained Earnings | $ 3.7 B | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 30.62 | |
| Shares Outstanding | 45.856 M | |
| Revenue Per-Share | $ 36.41 | |
| VALUATION | Market Capitalization | $ 4.5 B |
| Enterprise Value | $ 4.9 B | |
| Enterprise Multiple | 17.346 | |
| Enterprise Multiple QoQ | -13.836 % | |
| Enterprise Multiple YoY | -16.548 % | |
| Enterprise Multiple IPRWA | high: 125.396 mean: 53.84 median: 49.034 ANF: 17.346 low: -52.822 |
|
| EV/R | 2.944 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 2.523 | |
| Asset To Liability | 1.67 | |
| Debt To Capital | 0.454 | |
| Debt To Assets | 0.33 | |
| Debt To Assets QoQ | 1.483 % | |
| Debt To Assets YoY | 14.363 % | |
| Debt To Assets IPRWA | high: 1.095 mean: 0.454 median: 0.445 ANF: 0.33 low: 0.152 |
|
| Debt To Equity | 0.832 | |
| Debt To Equity QoQ | -3.115 % | |
| Debt To Equity YoY | 16.781 % | |
| Debt To Equity IPRWA | high: 4.273 mean: 1.279 median: 0.872 ANF: 0.832 low: -1.346 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 3.228 | |
| Price To Book QoQ | 20.484 % | |
| Price To Book YoY | -30.78 % | |
| Price To Book IPRWA | high: 11.289 mean: 5.007 median: 3.318 ANF: 3.228 low: -3.522 |
|
| Price To Earnings (P/E) | 26.854 | |
| Price To Earnings QoQ | -17.625 % | |
| Price To Earnings YoY | -22.467 % | |
| Price To Earnings IPRWA | high: 254.935 mean: 80.284 median: 65.116 ANF: 26.854 low: -20.344 |
|
| PE/G Ratio | 0.48 | |
| Price To Sales (P/S) | 2.714 | |
| Price To Sales QoQ | -0.72 % | |
| Price To Sales YoY | -30.94 % | |
| Price To Sales IPRWA | high: 14.261 median: 7.295 mean: 6.998 ANF: 2.714 low: 0.166 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 34.241 | |
| Forward PE/G | 0.612 | |
| Forward P/S | 13.724 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 1.715 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.476 | |
| Asset Turnover Ratio QoQ | 24.96 % | |
| Asset Turnover Ratio YoY | -1.426 % | |
| Asset Turnover Ratio IPRWA | high: 1.005 ANF: 0.476 mean: 0.405 median: 0.363 low: 0.087 |
|
| Receivables Turnover | 11.991 | |
| Receivables Turnover Ratio QoQ | 42.036 % | |
| Receivables Turnover Ratio YoY | -17.944 % | |
| Receivables Turnover Ratio IPRWA | high: 96.095 mean: 16.282 median: 13.098 ANF: 11.991 low: 0.251 |
|
| Inventory Turnover | 1.016 | |
| Inventory Turnover Ratio QoQ | 38.999 % | |
| Inventory Turnover Ratio YoY | 5.407 % | |
| Inventory Turnover Ratio IPRWA | high: 2.449 ANF: 1.016 mean: 0.926 median: 0.845 low: 0.278 |
|
| Days Sales Outstanding (DSO) | 7.61 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 54.084 | |
| Cash Conversion Cycle Days QoQ | -10.902 % | |
| Cash Conversion Cycle Days YoY | 1.164 % | |
| Cash Conversion Cycle Days IPRWA | high: 227.71 ANF: 54.084 median: 41.712 mean: 35.744 low: -108.4 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 3.067 | |
| CapEx To Revenue | -0.033 | |
| CapEx To Depreciation | -1.373 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 1.4 B | |
| Net Invested Capital | $ 1.4 B | |
| Invested Capital | $ 1.4 B | |
| Net Tangible Assets | $ 1.4 B | |
| Net Working Capital | $ 544.5 M | |
| LIQUIDITY | ||
| Cash Ratio | 0.709 | |
| Current Ratio | 1.492 | |
| Current Ratio QoQ | 7.828 % | |
| Current Ratio YoY | 0.495 % | |
| Current Ratio IPRWA | high: 2.744 ANF: 1.492 median: 1.25 mean: 1.235 low: 0.486 |
|
| Quick Ratio | 0.949 | |
| Quick Ratio QoQ | 25.51 % | |
| Quick Ratio YoY | -2.668 % | |
| Quick Ratio IPRWA | high: 2.03 ANF: 0.949 mean: 0.452 median: 0.433 low: 0.1 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 4.122 | |
| Cost Of Debt | 0.035 % | |
| Interest Coverage Ratio | 446.518 | |
| Interest Coverage Ratio QoQ | 52.054 % | |
| Interest Coverage Ratio YoY | -9.351 % | |
| Interest Coverage Ratio IPRWA | ANF: 446.518 high: 116.542 mean: 26.142 median: 11.19 low: -6.28 |
|
| Operating Cash Flow Ratio | 0.219 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 79.143 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | — | |
| Dividend Payout Ratio | — | |
| Dividend Rate | — | |
| Dividend Yield | — | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 1.78 % | |
| Revenue Growth | 29.38 % | |
| Revenue Growth QoQ | 332.695 % | |
| Revenue Growth YoY | -5.521 % | |
| Revenue Growth IPRWA | high: 87.944 % ANF: 29.38 % median: 17.813 % mean: 17.286 % low: -20.068 % |
|
| Earnings Growth | 55.932 % | |
| Earnings Growth QoQ | -395.937 % | |
| Earnings Growth YoY | 30.682 % | |
| Earnings Growth IPRWA | high: 485.714 % ANF: 55.932 % mean: 36.741 % median: 2.002 % low: -320.0 % |
|
| MARGINS | ||
| Gross Margin | 59.487 % | |
| Gross Margin QoQ | -4.857 % | |
| Gross Margin YoY | -3.202 % | |
| Gross Margin IPRWA | high: 97.034 % ANF: 59.487 % mean: 38.664 % median: 38.058 % low: 9.886 % |
|
| EBIT Margin | 14.547 % | |
| EBIT Margin QoQ | 16.246 % | |
| EBIT Margin YoY | -13.163 % | |
| EBIT Margin IPRWA | high: 25.215 % ANF: 14.547 % median: 12.326 % mean: 11.36 % low: -12.409 % |
|
| Return On Sales (ROS) | 14.129 % | |
| Return On Sales QoQ | 17.634 % | |
| Return On Sales YoY | -15.658 % | |
| Return On Sales IPRWA | high: 25.215 % ANF: 14.129 % median: 12.326 % mean: 11.242 % low: -11.805 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 250.6 M | |
| Free Cash Flow Yield | 5.53 % | |
| Free Cash Flow Yield QoQ | 47.98 % | |
| Free Cash Flow Yield YoY | 34.158 % | |
| Free Cash Flow Yield IPRWA | high: 18.359 % ANF: 5.53 % mean: 3.0 % median: 2.195 % low: -11.209 % |
|
| Free Cash Growth | 90.067 % | |
| Free Cash Growth QoQ | -43.695 % | |
| Free Cash Growth YoY | -49.497 % | |
| Free Cash Growth IPRWA | high: 1813.429 % ANF: 90.067 % median: -94.162 % mean: -244.762 % low: -2227.497 % |
|
| Free Cash To Net Income | 1.456 | |
| Cash Flow Margin | 14.537 % | |
| Cash Flow To Earnings | 1.41 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.03 | |
| Return On Assets (ROA) | 4.903 % | |
| Return On Assets QoQ | 47.149 % | |
| Return On Assets YoY | -13.982 % | |
| Return On Assets IPRWA | high: 8.014 % ANF: 4.903 % mean: 2.927 % median: 2.338 % low: -6.219 % |
|
| Return On Capital Employed (ROCE) | 9.972 % | |
| Return On Equity (ROE) | 0.123 | |
| Return On Equity QoQ | 42.885 % | |
| Return On Equity YoY | -12.534 % | |
| Return On Equity IPRWA | high: 0.215 ANF: 0.123 median: 0.034 mean: 0.022 low: -0.315 |
|
| DuPont ROE | 12.653 % | |
| Return On Invested Capital (ROIC) | 12.477 % | |
| Return On Invested Capital QoQ | 42.269 % | |
| Return On Invested Capital YoY | -95.887 % | |
| Return On Invested Capital IPRWA | high: 18.18 % ANF: 12.477 % median: 9.234 % mean: 8.268 % low: -13.107 % |
|