Recent News
On March 23, 2026 a company director disclosed open-market sales totaling 7,500 shares, with an aggregate transaction value of roughly $3.8 million across filings between Feb. 24 and Mar. 4, 2026; filings reduced the director’s direct holdings to 78,089 shares.
Technical Analysis
ADX and Directional Indicators: ADX at 35.99 indicates a strong trend environment; directional lines show DI+ at 24.52 (decreasing) and DI- at 8.82 (decreasing). The decreasing DI+ argues against fresh directional conviction from buyers, while the falling DI- reduces downward pressure; overall the strong ADX favors continuation of the existing trend rather than its immediate collapse.
MACD: MACD sits at 42.48 with the signal line at 38.59 and the MACD trend increasing; MACD currently trades above its signal line, which constitutes a bullish momentum signal and supports the near-term upward bias in price.
MRO (Momentum/Regression Oscillator): MRO reads 29.61 with a dip-and-reversal pattern. The positive reading indicates price sits above the modeled target and therefore carries vulnerability to mean-reversion; the dip-and-reversal pattern, however, signals the recent re-acceleration that underpins current momentum.
RSI and Momentum Breadth: RSI at 61.52 and increasing shows rising buying pressure while remaining below the traditional overbought threshold; this favors additional upside before momentum-driven exhaustion becomes likely.
Price Positioning & Moving Averages: The close at $697.21 trades well above the 20-day average ($651.38), 50-day average ($536.18) and 200-day average ($437.84). The 12-day EMA ($658.19) trends higher, reinforcing a short-to-intermediate bullish bias; price near the 52-week high ($700.20) highlights momentum strength but increases sensitivity to reversal risk.
Volatility, Volume & Risk: 42-day beta ~2.70 and elevated volatility metrics indicate above-average share price swings. Current volume (~198,651) sits below the 10-day average (~236,245), suggesting the latest price extension lacks incremental participation and could amplify short-term pullbacks if selling accelerates.
Fundamental Analysis
Profitability: EBIT reached $150,010,000, producing an EBIT margin of 15.40%, which sits above the industry peer mean (9.45%) and median (8.73%) and approaches the industry peer high (18.19%). Operating margin at 11.53% and return on equity at 10.25% confirm disciplined margin conversion and capital returns relative to typical peer medians.
Earnings and Guidance Signals: Reported diluted EPS was $5.44 versus an estimate of $3.95, an EPS surprise of +37.72%. Year-over-year comparisons show EBIT margin improved ~29.90% YoY and earnings growth of 20.62% YoY, supporting the elevated EPS outcome and reinforcing the operational improvement narrative.
Revenue and Growth Dynamics: Total revenue totaled $974,284,000 with revenue growth year-over-year of 5.34%. Asset growth at ~20.24% contrasts with a modest decline in asset turnover year-over-year (-15.89%), indicating revenue expansion alongside heavier invested asset levels.
Cash, Liquidity, and Capital Structure: Cash and short-term investments total $262,638,000 while operating cash flow ran $103,286,000 and free cash flow $71,453,000 (free cash flow yield ~0.71%). Cash conversion cycle 82.31 days exceeds the industry peer mean (39.30 days) and median (57.07 days) but remains within the industry peer range; this longer cycle stresses receivables and working capital management even as the company maintains a healthy cash balance. Debt metrics show total debt of $107,376,000 and debt-to-EBITDA ~0.65, reflecting a conservative leverage profile with interest coverage well above typical peer medians.
Valuation: WMDST values the stock as fair-valued. Price/book at ~9.35 sits essentially in line with the industry peer mean (~9.39). Price/sales (~10.29) registers slightly above the industry peer mean (~9.79), while the price/earnings multiple (~92.50) stays below the industry peer mean reported for the peer set. Enterprise multiple (~59.44) sits below the peer mean. Taken together, valuation metrics reflect a premium on revenue and book value but a more moderate stance when measured on enterprise multiples.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2026-03-31 |
| REPORT DATE: | 2026-05-01 |
| NEXT REPORT DATE: | 2026-07-31 |
| CASH FLOW | Begin Period Cash Flow | $ 88.8 M |
| Operating Cash Flow | $ 103.3 M | |
| Capital Expenditures | $ -31.83 M | |
| Change In Working Capital | $ -12.56 M | |
| Dividends Paid | — | |
| Cash Flow Delta | $ -39.30 M | |
| End Period Cash Flow | $ 49.5 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 974.3 M | |
| Forward Revenue | — | |
| COSTS | ||
| Cost Of Revenue | $ 719.5 M | |
| Depreciation | $ 16.1 M | |
| Depreciation and Amortization | $ 16.1 M | |
| Research and Development | — | |
| Total Operating Expenses | $ 861.9 M | |
| PROFITABILITY | ||
| Gross Profit | $ 254.8 M | |
| EBITDA | $ 166.1 M | |
| EBIT | $ 150.0 M | |
| Operating Income | $ 112.3 M | |
| Interest Income | $ 437.0 K | |
| Interest Expense | $ 1.4 M | |
| Net Interest Income | $ -1.09 M | |
| Income Before Tax | $ 148.6 M | |
| Tax Provision | $ 38.3 M | |
| Tax Rate | 25.781 % | |
| Net Income | $ 109.9 M | |
| Net Income From Continuing Operations | $ 110.3 M | |
| EARNINGS | ||
| EPS Estimate | $ 3.95 | |
| EPS Actual | $ 5.44 | |
| EPS Difference | $ 1.49 | |
| EPS Surprise | 37.722 % | |
| Forward EPS | — | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 2.0 B | |
| Intangible Assets | $ 187.6 M | |
| Net Tangible Assets | $ 885.0 M | |
| Total Current Assets | $ 1.3 B | |
| Cash and Short-Term Investments | $ 262.6 M | |
| Cash | $ 48.7 M | |
| Net Receivables | $ 774.0 M | |
| Inventory | $ 126.7 M | |
| Long-Term Investments | $ 12.0 M | |
| LIABILITIES | ||
| Accounts Payable | — | |
| Short-Term Debt | $ 35.0 M | |
| Total Current Liabilities | $ 833.0 M | |
| Net Debt | — | |
| Total Debt | $ 107.4 M | |
| Total Liabilities | $ 916.8 M | |
| EQUITY | ||
| Total Equity | $ 1.1 B | |
| Retained Earnings | $ 1.0 B | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 53.83 | |
| Shares Outstanding | 19.924 M | |
| Revenue Per-Share | $ 48.89 | |
| VALUATION | Market Capitalization | $ 10.0 B |
| Enterprise Value | $ 9.9 B | |
| Enterprise Multiple | 59.437 | |
| Enterprise Multiple QoQ | -6.034 % | |
| Enterprise Multiple YoY | 5.994 % | |
| Enterprise Multiple IPRWA | high: 186.018 median: 92.248 mean: 87.548 IESC: 59.437 low: 6.201 |
|
| EV/R | 10.133 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 1.859 | |
| Asset To Liability | 2.175 | |
| Debt To Capital | 0.091 | |
| Debt To Assets | 0.054 | |
| Debt To Assets QoQ | 35.745 % | |
| Debt To Assets YoY | 42.272 % | |
| Debt To Assets IPRWA | high: 0.5 mean: 0.198 median: 0.123 IESC: 0.054 low: 0.002 |
|
| Debt To Equity | 0.1 | |
| Debt To Equity QoQ | 46.217 % | |
| Debt To Equity YoY | 36.786 % | |
| Debt To Equity IPRWA | high: 1.775 mean: 0.595 median: 0.288 IESC: 0.1 low: 0.005 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 9.348 | |
| Price To Book QoQ | 7.617 % | |
| Price To Book YoY | 5.575 % | |
| Price To Book IPRWA | high: 17.4 mean: 9.389 IESC: 9.348 median: 7.579 low: 0.389 |
|
| Price To Earnings (P/E) | 92.503 | |
| Price To Earnings QoQ | -0.42 % | |
| Price To Earnings YoY | — | |
| Price To Earnings IPRWA | high: 473.69 mean: 168.002 median: 132.452 IESC: 92.503 low: -132.076 |
|
| PE/G Ratio | 4.486 | |
| Price To Sales (P/S) | 10.293 | |
| Price To Sales QoQ | 7.375 % | |
| Price To Sales YoY | 37.347 % | |
| Price To Sales IPRWA | high: 17.095 IESC: 10.293 mean: 9.794 median: 7.72 low: 2.181 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | — | |
| Forward PE/G | — | |
| Forward P/S | — | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 2.447 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.533 | |
| Asset Turnover Ratio QoQ | -0.338 % | |
| Asset Turnover Ratio YoY | -15.89 % | |
| Asset Turnover Ratio IPRWA | high: 0.603 IESC: 0.533 median: 0.376 mean: 0.369 low: 0.103 |
|
| Receivables Turnover | 1.389 | |
| Receivables Turnover Ratio QoQ | 2.146 % | |
| Receivables Turnover Ratio YoY | -3.434 % | |
| Receivables Turnover Ratio IPRWA | high: 2.443 median: 1.585 mean: 1.573 IESC: 1.389 low: 0.899 |
|
| Inventory Turnover | 6.069 | |
| Inventory Turnover Ratio QoQ | 3.472 % | |
| Inventory Turnover Ratio YoY | 2.864 % | |
| Inventory Turnover Ratio IPRWA | high: 29.356 median: 23.716 mean: 20.202 IESC: 6.069 low: 0.793 |
|
| Days Sales Outstanding (DSO) | 65.693 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 82.31 | |
| Cash Conversion Cycle Days QoQ | -0.029 % | |
| Cash Conversion Cycle Days YoY | — | |
| Cash Conversion Cycle Days IPRWA | high: 153.136 IESC: 82.31 median: 57.066 mean: 39.296 low: -10.557 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 2.11 | |
| CapEx To Revenue | -0.033 | |
| CapEx To Depreciation | -1.978 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 1.1 B | |
| Net Invested Capital | $ 1.1 B | |
| Invested Capital | $ 1.1 B | |
| Net Tangible Assets | $ 885.0 M | |
| Net Working Capital | $ 461.8 M | |
| LIQUIDITY | ||
| Cash Ratio | 0.315 | |
| Current Ratio | 1.554 | |
| Current Ratio QoQ | -13.777 % | |
| Current Ratio YoY | -8.526 % | |
| Current Ratio IPRWA | high: 3.02 IESC: 1.554 mean: 1.483 median: 1.26 low: 1.085 |
|
| Quick Ratio | 1.402 | |
| Quick Ratio QoQ | -13.619 % | |
| Quick Ratio YoY | -6.474 % | |
| Quick Ratio IPRWA | high: 2.611 IESC: 1.402 mean: 1.394 median: 1.233 low: 0.971 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 0.646 | |
| Cost Of Debt | 1.182 % | |
| Interest Coverage Ratio | 108.782 | |
| Interest Coverage Ratio QoQ | -70.714 % | |
| Interest Coverage Ratio YoY | -81.952 % | |
| Interest Coverage Ratio IPRWA | IESC: 108.782 high: 98.155 mean: 21.678 median: 4.865 low: -2.18 |
|
| Operating Cash Flow Ratio | -0.042 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | — | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | — | |
| Dividend Payout Ratio | — | |
| Dividend Rate | — | |
| Dividend Yield | — | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 20.24 % | |
| Revenue Growth | 11.863 % | |
| Revenue Growth QoQ | -496.756 % | |
| Revenue Growth YoY | 5.337 % | |
| Revenue Growth IPRWA | high: 12.195 % IESC: 11.863 % median: 2.551 % mean: 1.854 % low: -21.702 % |
|
| Earnings Growth | 20.621 % | |
| Earnings Growth QoQ | -314.378 % | |
| Earnings Growth YoY | — | |
| Earnings Growth IPRWA | high: 59.908 % IESC: 20.621 % median: -4.868 % mean: -9.146 % low: -155.556 % |
|
| MARGINS | ||
| Gross Margin | 26.151 % | |
| Gross Margin QoQ | 3.523 % | |
| Gross Margin YoY | 4.416 % | |
| Gross Margin IPRWA | high: 35.296 % IESC: 26.151 % median: 21.513 % mean: 20.741 % low: 8.635 % |
|
| EBIT Margin | 15.397 % | |
| EBIT Margin QoQ | 15.342 % | |
| EBIT Margin YoY | 29.9 % | |
| EBIT Margin IPRWA | high: 18.192 % IESC: 15.397 % mean: 9.447 % median: 8.726 % low: -3.526 % |
|
| Return On Sales (ROS) | 11.531 % | |
| Return On Sales QoQ | 2.271 % | |
| Return On Sales YoY | 3.594 % | |
| Return On Sales IPRWA | high: 18.192 % IESC: 11.531 % mean: 9.458 % median: 8.726 % low: -3.735 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 71.5 M | |
| Free Cash Flow Yield | 0.713 % | |
| Free Cash Flow Yield QoQ | -415.487 % | |
| Free Cash Flow Yield YoY | 465.873 % | |
| Free Cash Flow Yield IPRWA | high: 3.534 % IESC: 0.713 % median: 0.493 % mean: 0.349 % low: -3.534 % |
|
| Free Cash Growth | -478.599 % | |
| Free Cash Growth QoQ | 309.591 % | |
| Free Cash Growth YoY | 611.724 % | |
| Free Cash Growth IPRWA | high: 196.97 % median: -40.029 % mean: -63.324 % low: -238.351 % IESC: -478.599 % |
|
| Free Cash To Net Income | 0.65 | |
| Cash Flow Margin | -3.63 % | |
| Cash Flow To Earnings | -0.322 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | 6.018 % | |
| Return On Assets QoQ | 7.082 % | |
| Return On Assets YoY | 11.984 % | |
| Return On Assets IPRWA | IESC: 6.018 % high: 5.536 % median: 3.175 % mean: 2.612 % low: -5.813 % |
|
| Return On Capital Employed (ROCE) | 12.921 % | |
| Return On Equity (ROE) | 0.102 | |
| Return On Equity QoQ | 7.694 % | |
| Return On Equity YoY | 2.358 % | |
| Return On Equity IPRWA | high: 0.132 IESC: 0.102 median: 0.067 mean: 0.062 low: -0.083 |
|
| DuPont ROE | 10.808 % | |
| Return On Invested Capital (ROIC) | 10.051 % | |
| Return On Invested Capital QoQ | 10.051 % | |
| Return On Invested Capital YoY | -2.436 % | |
| Return On Invested Capital IPRWA | high: 13.036 % IESC: 10.051 % median: 6.639 % mean: 5.93 % low: -8.315 % |
|