Recent News
On April 15th the company released its first-quarter operational highlights and related 8-K disclosures; on April 23rd the Board declared a $0.28 quarterly common dividend payable in June; in late March the firm deployed an AI meeting system across its wealth advisers; the company set its FY‑end reporting calendar on March 19th; recent 13F disclosures revealed positions in multiple spot crypto ETFs.
Technical Analysis
ADX & Directional Indicators: ADX at 19.62 reads as no established trend, while DI+ at 28.45 showing a dip-and-reverse signals a bullish directional turn; DI- at 17.74 decreasing further supports directional internals that favor buyers. These directional shifts align with a short-term upward bias but lack strong trend strength.
MACD: MACD at 0.63 and rising, above its signal line at 0.28, confirms bullish momentum through a recent MACD cross above the signal line, supporting the likelihood of further near-term appreciation toward the WMDST valuation reference.
MRO: MRO reads 7.51 and registered a peak-and-reversal, which implies the price sits above the MRO target and faces potential downward pressure if momentum stalls; that pressure would act as a counterweight to the MACD and DI+ bullish signals.
RSI and Short-Term Price Structure: RSI at 55.77 and increasing indicates modest bullish momentum without overbought stress. Price at $54.54 trades above the 12‑day EMA ($52.94), 20‑day average ($52.38), 50‑day average ($51.86) and the 200‑day average ($51.49), reinforcing a near-term price bias to the upside while the position above the upper 1x Bollinger band ($53.94) signals a mild extension that could invite profit-taking.
Support/Resistance & Volatility: SuperTrend lower support sits at $52.25, providing a nearby technical floor; volatility metrics remain low across 42‑day and 52‑week measures, which suggests moves may unfold gradually rather than via abrupt swings. Price target mean at $53.99 sits marginally below the current price, while the high/low analyst range ($72.85 / $39.03) frames broader optionality.
Fundamental Analysis
Earnings & Quality: Quarterly EPS came in at $1.11 versus a $1.02 estimate, a $0.09 beat and an EPS surprise of 8.82%. Forward EPS sits at $1.262, which supports forward earnings visibility into upcoming reports.
Revenue & Growth Rates: Trailing revenue totaled $30,272,000,000 with YoY revenue growth of 38.21% and QoQ revenue growth of 79.25%, indicating strong top-line expansion over both horizons that underpins current earnings momentum.
Profitability: Return on assets equals 0.249% and return on equity equals 3.114%; both metrics fall below their respective industry peer means (ROA industry peer mean 0.386%; ROE industry peer mean 4.982%), which highlights scope for efficiency gains relative to peers even as absolute earnings improved YoY (earnings growth YoY 35.97%).
Capital Structure & Liquidity: Debt-to-assets stands at 10.97% with debt-to-equity at 1.391, and cash of $249,865,000,000 against total assets of $3,496,186,000,000. Dividend coverage at 3.27 and a dividend payout ratio of 30.59% support the Board’s continuation of capital returns.
Valuation Metrics: Trailing P/E reads 45.78 (QoQ change -16.48%, YoY change -1.23%). Price-to-book stands at 1.314, slightly above the industry peer mean of 1.081 and near the industry peer median of 1.328. Forward P/E at 40.22 trades below the industry peer mean forward P/E of 43.71. Free cash flow yield equals 11.53%, materially above the industry peer mean of -0.48%, supporting a cash-flow-driven valuation case.
WMDST Valuation Conclusion: The current valuation as determined by WMDST classifies the stock as under-valued, a view underpinned by a robust free cash flow yield, an EPS beat with positive earnings growth, and a forward P/E below peer mean despite trailing P/E compression.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2026-03-31 |
| REPORT DATE: | 2026-04-15 |
| NEXT REPORT DATE: | 2026-07-15 |
| CASH FLOW | Begin Period Cash Flow | $ 231.8 B |
| Operating Cash Flow | $ 41.8 B | |
| Capital Expenditures | — | |
| Change In Working Capital | $ 30.1 B | |
| Dividends Paid | $ -2.63 B | |
| Cash Flow Delta | $ 10.6 B | |
| End Period Cash Flow | $ 242.5 B | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 30.3 B | |
| Forward Revenue | $ 7.9 B | |
| COSTS | ||
| Cost Of Revenue | — | |
| Depreciation | $ 605.0 M | |
| Depreciation and Amortization | $ 605.0 M | |
| Research and Development | — | |
| Total Operating Expenses | — | |
| PROFITABILITY | ||
| Gross Profit | — | |
| EBITDA | — | |
| EBIT | — | |
| Operating Income | — | |
| Interest Income | $ 33.4 B | |
| Interest Expense | $ 17.6 B | |
| Net Interest Income | $ 15.7 B | |
| Income Before Tax | $ 10.4 B | |
| Tax Provision | $ 1.8 B | |
| Tax Rate | 17.493 % | |
| Net Income | $ 8.6 B | |
| Net Income From Continuing Operations | $ 8.6 B | |
| EARNINGS | ||
| EPS Estimate | $ 1.02 | |
| EPS Actual | $ 1.11 | |
| EPS Difference | $ 0.09 | |
| EPS Surprise | 8.824 % | |
| Forward EPS | $ 1.26 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 3.5 T | |
| Intangible Assets | $ 69.0 B | |
| Net Tangible Assets | $ 231.6 B | |
| Total Current Assets | — | |
| Cash and Short-Term Investments | — | |
| Cash | $ 249.9 B | |
| Net Receivables | $ 96.1 B | |
| Inventory | — | |
| Long-Term Investments | — | |
| LIABILITIES | ||
| Accounts Payable | — | |
| Short-Term Debt | $ 82.8 B | |
| Total Current Liabilities | — | |
| Net Debt | $ 133.7 B | |
| Total Debt | $ 383.6 B | |
| Total Liabilities | $ 3.2 T | |
| EQUITY | ||
| Total Equity | $ 275.7 B | |
| Retained Earnings | $ 267.8 B | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 38.66 | |
| Shares Outstanding | 7.130 B | |
| Revenue Per-Share | $ 4.25 | |
| VALUATION | Market Capitalization | $ 362.3 B |
| Enterprise Value | $ 745.9 B | |
| Enterprise Multiple | — | |
| Enterprise Multiple QoQ | — | |
| Enterprise Multiple YoY | — | |
| Enterprise Multiple IPRWA | — | |
| EV/R | 24.641 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 12.682 | |
| Asset To Liability | 1.094 | |
| Debt To Capital | 0.582 | |
| Debt To Assets | 0.11 | |
| Debt To Assets QoQ | 2.303 % | |
| Debt To Assets YoY | 6.328 % | |
| Debt To Assets IPRWA | high: 0.242 mean: 0.164 median: 0.159 BAC: 0.11 low: 0.002 |
|
| Debt To Equity | 1.391 | |
| Debt To Equity QoQ | 5.435 % | |
| Debt To Equity YoY | 10.751 % | |
| Debt To Equity IPRWA | high: 4.312 median: 2.341 mean: 2.133 BAC: 1.391 low: 0.017 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 1.314 | |
| Price To Book QoQ | -5.949 % | |
| Price To Book YoY | 14.634 % | |
| Price To Book IPRWA | high: 2.882 median: 1.328 BAC: 1.314 mean: 1.082 low: 0.001 |
|
| Price To Earnings (P/E) | 45.782 | |
| Price To Earnings QoQ | -16.48 % | |
| Price To Earnings YoY | -1.234 % | |
| Price To Earnings IPRWA | high: 70.027 mean: 54.576 median: 53.875 BAC: 45.782 low: 0.034 |
|
| PE/G Ratio | 3.451 | |
| Price To Sales (P/S) | 11.969 | |
| Price To Sales QoQ | -3.679 % | |
| Price To Sales YoY | 3.852 % | |
| Price To Sales IPRWA | high: 28.872 BAC: 11.969 median: 8.597 mean: 7.371 low: 0.006 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 40.224 | |
| Forward PE/G | 3.032 | |
| Forward P/S | 45.727 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | — | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.009 | |
| Asset Turnover Ratio QoQ | -4.262 % | |
| Asset Turnover Ratio YoY | 5.797 % | |
| Asset Turnover Ratio IPRWA | high: 0.025 mean: 0.011 median: 0.011 BAC: 0.009 low: 0.004 |
|
| Receivables Turnover | 0.312 | |
| Receivables Turnover Ratio QoQ | -1.023 % | |
| Receivables Turnover Ratio YoY | -7.426 % | |
| Receivables Turnover Ratio IPRWA | high: 3.666 median: 2.0 mean: 1.984 BAC: 0.312 low: 0.256 |
|
| Inventory Turnover | — | |
| Inventory Turnover Ratio QoQ | — | |
| Inventory Turnover Ratio YoY | — | |
| Inventory Turnover Ratio IPRWA | — | |
| Days Sales Outstanding (DSO) | 292.795 | |
| 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 | — | |
| CapEx To Depreciation | — | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 601.4 B | |
| Net Invested Capital | $ 659.3 B | |
| Invested Capital | $ 659.3 B | |
| Net Tangible Assets | $ 231.6 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 | 3.064 % | |
| 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 | 3.269 | |
| Dividend Payout Ratio | 0.306 | |
| Dividend Rate | $ 0.37 | |
| Dividend Yield | 0.007 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 2.475 % | |
| Revenue Growth | 11.008 % | |
| Revenue Growth QoQ | 79.254 % | |
| Revenue Growth YoY | 38.205 % | |
| Revenue Growth IPRWA | high: 25.524 % BAC: 11.008 % mean: -0.299 % median: -1.929 % low: -16.051 % |
|
| Earnings Growth | 13.265 % | |
| Earnings Growth QoQ | -275.765 % | |
| Earnings Growth YoY | 35.968 % | |
| Earnings Growth IPRWA | high: 49.694 % BAC: 13.265 % mean: 3.793 % median: 3.333 % low: -29.412 % |
|
| 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) | $ 41.8 B | |
| Free Cash Flow Yield | 11.528 % | |
| Free Cash Flow Yield QoQ | -294.664 % | |
| Free Cash Flow Yield YoY | -1765.896 % | |
| Free Cash Flow Yield IPRWA | high: 35.898 % BAC: 11.528 % median: 1.458 % mean: -0.481 % low: -4.948 % |
|
| Free Cash Growth | -282.044 % | |
| Free Cash Growth QoQ | 89.355 % | |
| Free Cash Growth YoY | 160.121 % | |
| Free Cash Growth IPRWA | high: 219.58 % median: -120.96 % mean: -152.242 % BAC: -282.044 % low: -635.913 % |
|
| Free Cash To Net Income | 4.866 | |
| Cash Flow Margin | 37.305 % | |
| Cash Flow To Earnings | 1.316 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.03 | |
| Return On Assets (ROA) | 0.249 % | |
| Return On Assets QoQ | 12.67 % | |
| Return On Assets YoY | 11.161 % | |
| Return On Assets IPRWA | high: 0.614 % median: 0.396 % mean: 0.386 % BAC: 0.249 % low: 0.034 % |
|
| Return On Capital Employed (ROCE) | — | |
| Return On Equity (ROE) | 0.031 | |
| Return On Equity QoQ | 14.696 % | |
| Return On Equity YoY | 15.805 % | |
| Return On Equity IPRWA | high: 0.058 mean: 0.05 median: 0.049 BAC: 0.031 low: 0.003 |
|
| DuPont ROE | 3.103 % | |
| Return On Invested Capital (ROIC) | — | |
| Return On Invested Capital QoQ | — | |
| Return On Invested Capital YoY | — | |
| Return On Invested Capital IPRWA | — | |