Recent News
On March 12, 2026 the company mailed its 2026 proxy/DEF 14A and set the annual meeting for April 29, 2026. On March 25, 2026 the board declared a quarterly cash dividend of $0.33 per share.
Technical Analysis
ADX at 14.89 indicates no established trend; momentum strength remains muted and the price lacks a decisive directional impulse relative to longer-term action.
Directional indicators show DI+ at 20.12 with a dip & reversal (bullish) while DI- at 24.62 shows a peak & reversal (bullish); those converging reversal signals imply short-term bullish directional pressure, but the higher absolute DI- level keeps upside conditional.
MACD sits at -0.10 with a signal line at -0.08 and a MACD dip & reversal. Momentum signals have turned up from a prior dip, yet MACD remains slightly negative and has not crossed above the signal line, so bullish momentum qualifies as tentative rather than confirmed.
MRO registers 10.35 (positive) with a dip & reversal; the positive MRO implies the current price sits above the model target and introduces potential mean-reversion pressure, even as recent readings show the oscillator reversing from a prior dip.
RSI at 50.23 with a dip & reversal indicates neither overbought nor oversold conditions and a recently improving short-term momentum profile.
Price relations: last close $47.79 trades above the 200‑day average ($46.10) and above short-term averages (20‑day $47.39, 50‑day $47.56, 12‑day EMA $47.24 with a dip & reversal). Bollinger bands place the price near the upper band (upper 1× std dev $48.17), suggesting available upside remains limited by recent volatility bounds.
Ichimoku components and short EMAs cluster around $47.3–$47.8, keeping near-term support and resistance tightly packed; volume at 960,198 runs slightly above the 10‑day average (872,305), signaling above-normal participation during the latest session.
Fundamental Analysis
Earnings: reported EPS $0.70 versus an estimate of $0.67, an EPS surprise of +4.48%. Forward EPS stands at $0.9117, producing a forward P/E of 50.49. QoQ and YoY EPS growth rates in the supplied metrics show meaningful volatility; the operating results support the reported beat but do not alter the stretched headline multiples.
Valuation multiples: trailing P/E reads $66.68, above the industry peer mean of $47.16. Price-to-book equals $1.43, above the industry peer mean of $1.25. Price-to-sales stands at $20.27, higher than the industry peer mean of $14.19. Forward P/E and forward P/S also sit above respective industry peer means, indicating consensus expectations already embed elevated growth assumptions.
Profitability and cash flow: return on assets equals 0.26% and return on equity equals 1.93%, both near low-single-digit levels; net income for the period totals $82.144M. Free cash flow equals $74.35M and free cash flow yield equals 1.22%, slightly below the industry peer mean of 1.78%, while free cash growth metrics show recent contraction. Dividend metrics show a very low payout ratio (0.41%) and modest cash returned to shareholders in the period.
Balance sheet and efficiency: total assets $31.734B with asset-to-equity at 7.47 and debt-to-equity at 0.0759; receivables turnover 2.47 is roughly in line with the industry peer mean, while asset turnover (0.94%) sits slightly below the industry peer mean. Revenue growth shows a large year-over-year increase (+159.75%) and strong QoQ expansion per the supplied figures; however, earnings growth QoQ/YoY display notable declines in some reporting windows, reflecting variability in operating leverage and non-recurring items.
Valuation summary: the current valuation as determined by WMDST registers as over-valued. Elevated trailing and forward multiples relative to the industry peer mean, combined with modest returns on equity and assets, suggest upside requires continued outsized earnings or cash flow improvement to justify the present price.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2026-03-31 |
| REPORT DATE: | 2026-04-23 |
| NEXT REPORT DATE: | 2026-07-23 |
| CASH FLOW | Begin Period Cash Flow | $ 1.2 B |
| Operating Cash Flow | $ 87.9 M | |
| Capital Expenditures | $ -13.53 M | |
| Change In Working Capital | $ -20.40 M | |
| Dividends Paid | $ -337.00 K | |
| Cash Flow Delta | $ 150.0 M | |
| End Period Cash Flow | $ 1.4 B | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 299.6 M | |
| Forward Revenue | $ 108.2 M | |
| COSTS | ||
| Cost Of Revenue | — | |
| Depreciation | $ 9.1 M | |
| Depreciation and Amortization | $ 13.9 M | |
| Research and Development | — | |
| Total Operating Expenses | — | |
| PROFITABILITY | ||
| Gross Profit | — | |
| EBITDA | — | |
| EBIT | — | |
| Operating Income | — | |
| Interest Income | $ 362.3 M | |
| Interest Expense | $ 93.7 M | |
| Net Interest Income | $ 268.7 M | |
| Income Before Tax | $ 100.2 M | |
| Tax Provision | $ 18.0 M | |
| Tax Rate | 17.992 % | |
| Net Income | $ 82.1 M | |
| Net Income From Continuing Operations | $ 82.1 M | |
| EARNINGS | ||
| EPS Estimate | $ 0.67 | |
| EPS Actual | $ 0.70 | |
| EPS Difference | $ 0.03 | |
| EPS Surprise | 4.478 % | |
| Forward EPS | $ 0.91 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 31.7 B | |
| Intangible Assets | $ 1.5 B | |
| Net Tangible Assets | $ 2.8 B | |
| Total Current Assets | — | |
| Cash and Short-Term Investments | — | |
| Cash | $ 1.4 B | |
| Net Receivables | $ 122.8 M | |
| Inventory | — | |
| Long-Term Investments | — | |
| LIABILITIES | ||
| Accounts Payable | $ 30.5 M | |
| Short-Term Debt | — | |
| Total Current Liabilities | — | |
| Net Debt | — | |
| Total Debt | $ 322.3 M | |
| Total Liabilities | $ 27.5 B | |
| EQUITY | ||
| Total Equity | $ 4.2 B | |
| Retained Earnings | $ 1.2 B | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 32.65 | |
| Shares Outstanding | 130.124 M | |
| Revenue Per-Share | $ 2.30 | |
| VALUATION | Market Capitalization | $ 6.1 B |
| Enterprise Value | $ 6.4 B | |
| Enterprise Multiple | — | |
| Enterprise Multiple QoQ | — | |
| Enterprise Multiple YoY | — | |
| Enterprise Multiple IPRWA | — | |
| EV/R | 21.349 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 7.469 | |
| Asset To Liability | 1.155 | |
| Debt To Capital | 0.071 | |
| Debt To Assets | 0.01 | |
| Debt To Assets QoQ | -57.293 % | |
| Debt To Assets YoY | -84.053 % | |
| Debt To Assets IPRWA | high: 0.145 median: 0.065 mean: 0.058 GBCI: 0.01 low: -0.0 |
|
| Debt To Equity | 0.076 | |
| Debt To Equity QoQ | -57.98 % | |
| Debt To Equity YoY | -85.95 % | |
| Debt To Equity IPRWA | high: 1.682 median: 0.612 mean: 0.549 GBCI: 0.076 low: -0.315 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 1.43 | |
| Price To Book QoQ | 2.654 % | |
| Price To Book YoY | -6.654 % | |
| Price To Book IPRWA | high: 1.989 GBCI: 1.43 mean: 1.248 median: 1.216 low: 0.287 |
|
| Price To Earnings (P/E) | 66.681 | |
| Price To Earnings QoQ | -18.775 % | |
| Price To Earnings YoY | -27.839 % | |
| Price To Earnings IPRWA | high: 76.809 GBCI: 66.681 mean: 47.159 median: 44.929 low: 28.296 |
|
| PE/G Ratio | 2.445 | |
| Price To Sales (P/S) | 20.274 | |
| Price To Sales QoQ | 3.398 % | |
| Price To Sales YoY | -12.674 % | |
| Price To Sales IPRWA | high: 26.503 GBCI: 20.274 mean: 14.192 median: 13.162 low: 0.11 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 50.492 | |
| Forward PE/G | 1.851 | |
| Forward P/S | 56.153 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | — | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.009 | |
| Asset Turnover Ratio QoQ | -4.179 % | |
| Asset Turnover Ratio YoY | 20.823 % | |
| Asset Turnover Ratio IPRWA | high: 0.016 mean: 0.01 median: 0.01 GBCI: 0.009 low: 0.005 |
|
| Receivables Turnover | 2.467 | |
| Receivables Turnover Ratio QoQ | -0.949 % | |
| Receivables Turnover Ratio YoY | 15.596 % | |
| Receivables Turnover Ratio IPRWA | high: 4.518 mean: 2.613 median: 2.475 GBCI: 2.467 low: 0.805 |
|
| Inventory Turnover | — | |
| Inventory Turnover Ratio QoQ | — | |
| Inventory Turnover Ratio YoY | — | |
| Inventory Turnover Ratio IPRWA | — | |
| Days Sales Outstanding (DSO) | 36.989 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | — | |
| Cash Conversion Cycle Days QoQ | — | |
| Cash Conversion Cycle Days YoY | — | |
| Cash Conversion Cycle Days IPRWA | — | |
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | — | |
| CapEx To Revenue | -0.045 | |
| CapEx To Depreciation | -1.49 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 4.5 B | |
| Net Invested Capital | $ 4.5 B | |
| Invested Capital | $ 4.5 B | |
| Net Tangible Assets | $ 2.8 B | |
| Net Working Capital | — | |
| LIQUIDITY | ||
| Cash Ratio | — | |
| Current Ratio | — | |
| Current Ratio QoQ | — | |
| Current Ratio YoY | — | |
| Current Ratio IPRWA | — | |
| Quick Ratio | — | |
| Quick Ratio QoQ | — | |
| Quick Ratio YoY | — | |
| Quick Ratio IPRWA | — | |
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | — | |
| Cost Of Debt | 9.23 % | |
| Interest Coverage Ratio | — | |
| Interest Coverage Ratio QoQ | — | |
| Interest Coverage Ratio YoY | — | |
| Interest Coverage Ratio IPRWA | — | |
| Operating Cash Flow Ratio | — | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | — | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | 243.751 | |
| Dividend Payout Ratio | 0.004 | |
| Dividend Rate | $ 0.00 | |
| Dividend Yield | 0.0 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | -0.763 % | |
| Revenue Growth | 18.004 % | |
| Revenue Growth QoQ | 122.574 % | |
| Revenue Growth YoY | 15975.0 % | |
| Revenue Growth IPRWA | high: 29.228 % GBCI: 18.004 % mean: 5.07 % median: 1.084 % low: -23.976 % |
|
| Earnings Growth | 27.273 % | |
| Earnings Growth QoQ | -341.568 % | |
| Earnings Growth YoY | -345.459 % | |
| Earnings Growth IPRWA | high: 41.86 % GBCI: 27.273 % mean: -2.734 % median: -3.008 % low: -43.519 % |
|
| MARGINS | ||
| Gross Margin | — | |
| Gross Margin QoQ | — | |
| Gross Margin YoY | — | |
| Gross Margin IPRWA | — | |
| EBIT Margin | — | |
| EBIT Margin QoQ | — | |
| EBIT Margin YoY | — | |
| EBIT Margin IPRWA | — | |
| Return On Sales (ROS) | — | |
| Return On Sales QoQ | — | |
| Return On Sales YoY | — | |
| Return On Sales IPRWA | — | |
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 74.3 M | |
| Free Cash Flow Yield | 1.224 % | |
| Free Cash Flow Yield QoQ | -38.338 % | |
| Free Cash Flow Yield YoY | 31.755 % | |
| Free Cash Flow Yield IPRWA | high: 9.54 % mean: 1.782 % median: 1.744 % GBCI: 1.224 % low: -3.189 % |
|
| Free Cash Growth | -36.167 % | |
| Free Cash Growth QoQ | -423.874 % | |
| Free Cash Growth YoY | -14.471 % | |
| Free Cash Growth IPRWA | high: 299.762 % GBCI: -36.167 % median: -50.617 % mean: -59.432 % low: -368.012 % |
|
| Free Cash To Net Income | 0.905 | |
| Cash Flow Margin | 30.391 % | |
| Cash Flow To Earnings | 1.108 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | 0.258 % | |
| Return On Assets QoQ | 23.445 % | |
| Return On Assets YoY | 31.633 % | |
| Return On Assets IPRWA | high: 0.612 % GBCI: 0.258 % median: 0.255 % mean: 0.253 % low: 0.065 % |
|
| Return On Capital Employed (ROCE) | — | |
| Return On Equity (ROE) | 0.019 | |
| Return On Equity QoQ | 27.675 % | |
| Return On Equity YoY | 16.446 % | |
| Return On Equity IPRWA | high: 0.043 median: 0.023 mean: 0.022 GBCI: 0.019 low: 0.001 |
|
| DuPont ROE | 1.94 % | |
| Return On Invested Capital (ROIC) | — | |
| Return On Invested Capital QoQ | — | |
| Return On Invested Capital YoY | — | |
| Return On Invested Capital IPRWA | — | |