Recent News
On April 2, 2026 the company announced that its Vice President, General Counsel, and Secretary will resign effective May 8, 2026 with an internal counsel named interim general counsel. On May 6, 2026 the company held its annual meeting, elected nine directors, ratified KPMG as auditor, and approved an advisory vote on executive compensation. In mid‑June 2026 an SEC filing showed the company’s CFO sold 1,200 shares.
Technical Analysis
Directional indicators: ADX at 27.72 indicates a strong underlying trend; DI+ is decreasing while DI- is increasing, which signals a bearish directional shift that pressures near-term price momentum relative to the currently stretched valuation.
MACD: MACD stands at 6.32 and is decreasing; the MACD sits below its signal line at 8.62, indicating bearish momentum and weakening upside conviction in the near term.
MRO: MRO at 12.79 with a peak-and-reversal read implies price sits above the WMDST target and the oscillator’s reversal points toward potential mean reversion (downside pressure) ahead.
RSI: RSI at 65.57 and decreasing indicates fading buying momentum from elevated levels, increasing the likelihood of a short-term consolidation or pullback from current prices.
Price vs. moving averages and bands: the close at $207.50 sits below the 12-day EMA ($212.34, showing a peak & reversal) and below the 20-day average ($216.97), while remaining above the 50-day ($192.69) and 200-day ($153.53) averages. Price trading below the 1x Bollinger lower band ($209.51) further signals near-term weakness inside a longer-term uptrend framework.
Fundamental Analysis
Profitability and margins: EBIT of $50,262,000 yields an EBIT margin of 4.29%. Margin expansion shows strong recent momentum — EBIT margin rose QoQ by 76.51% and YoY by 38.06% — yet the margin sits below the industry peer mean (18.826%) and below the industry peer median (8.445%), while remaining above the industry peer low (-2.807%).
Revenue and earnings: reported total revenue $1,171,291,000 with revenue growth reported as -0.27% (overall), a QoQ change of -89.44%, and a YoY change of -94.23%. Reported EPS actual $1.16 versus an estimate of $1.12 produced an EPS surprise of 3.57%.
Returns and efficiency: return on equity equals 4.94% and return on assets equals 2.44%; ROE exceeds the industry peer mean (3.972%) and the industry peer median (3.543%). Asset turnover stands at 0.723; asset turnover improved QoQ by 1.58% and YoY by 10.78%.
Cash flow and liquidity: cash and short-term investments total $410,952,000; operating cash flow $78,211,000 and free cash flow $72,397,000 yield a free cash flow yield of 1.33%, which sits above the industry peer mean of 1.00%. Current ratio equals 1.88 and cash ratio equals 0.65, supporting near-term liquidity.
Leverage and coverage: total debt $123,698,000 produces a debt-to-assets ratio of 7.72% (declining QoQ and YoY) and debt-to-EBITDA about 2.03x; interest coverage stands at 42.99x, indicating ample coverage of interest obligations.
Capital allocation and dividends: dividends paid totaled $81,731,000 with a dividend rate of $2.40894 and a dividend yield of 1.50%. Dividend payout ratio equals 207.23% and dividend coverage ratio equals 48.26%, meaning dividends exceeded the most-recent period’s net income on a simple payout basis.
Valuation metrics: trailing P/E equals 138.04 and forward P/E equals 85.77; price-to-book equals 6.80 and price-to-sales equals 4.64. The current valuation as determined by WMDST: over‑valued.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2026-03-31 |
| REPORT DATE: | 2026-04-28 |
| NEXT REPORT DATE: | 2026-07-28 |
| CASH FLOW | Begin Period Cash Flow | $ 396.7 M |
| Operating Cash Flow | $ 78.2 M | |
| Capital Expenditures | $ -5.81 M | |
| Change In Working Capital | $ 25.6 M | |
| Dividends Paid | $ -81.73 M | |
| Cash Flow Delta | $ -43.44 M | |
| End Period Cash Flow | $ 353.3 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 1.2 B | |
| Forward Revenue | $ 446.4 M | |
| COSTS | ||
| Cost Of Revenue | $ 1.0 B | |
| Depreciation | $ 10.6 M | |
| Depreciation and Amortization | $ 10.6 M | |
| Research and Development | — | |
| Total Operating Expenses | $ 1.1 B | |
| PROFITABILITY | ||
| Gross Profit | $ 161.6 M | |
| EBITDA | $ 60.8 M | |
| EBIT | $ 50.3 M | |
| Operating Income | $ 50.3 M | |
| Interest Income | $ -518.00 K | |
| Interest Expense | — | |
| Net Interest Income | $ -518.00 K | |
| Income Before Tax | $ 52.7 M | |
| Tax Provision | $ 13.3 M | |
| Tax Rate | 25.2 % | |
| Net Income | $ 39.4 M | |
| Net Income From Continuing Operations | $ 39.4 M | |
| EARNINGS | ||
| EPS Estimate | $ 1.12 | |
| EPS Actual | $ 1.16 | |
| EPS Difference | $ 0.04 | |
| EPS Surprise | 3.571 % | |
| Forward EPS | $ 1.77 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 1.6 B | |
| Intangible Assets | $ 34.0 M | |
| Net Tangible Assets | $ 765.0 M | |
| Total Current Assets | $ 1.2 B | |
| Cash and Short-Term Investments | $ 411.0 M | |
| Cash | $ 353.3 M | |
| Net Receivables | $ 692.0 M | |
| Inventory | — | |
| Long-Term Investments | $ 128.9 M | |
| LIABILITIES | ||
| Accounts Payable | $ 396.7 M | |
| Short-Term Debt | $ 54.4 M | |
| Total Current Liabilities | $ 630.7 M | |
| Net Debt | — | |
| Total Debt | $ 123.7 M | |
| Total Liabilities | $ 803.2 M | |
| EQUITY | ||
| Total Equity | $ 799.0 M | |
| Retained Earnings | $ 2.9 B | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 23.55 | |
| Shares Outstanding | 33.928 M | |
| Revenue Per-Share | $ 34.52 | |
| VALUATION | Market Capitalization | $ 5.4 B |
| Enterprise Value | $ 5.1 B | |
| Enterprise Multiple | 84.598 | |
| Enterprise Multiple QoQ | -27.002 % | |
| Enterprise Multiple YoY | -15.111 % | |
| Enterprise Multiple IPRWA | high: 165.912 mean: 98.128 median: 87.45 LSTR: 84.598 low: -14.548 |
|
| EV/R | 4.393 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 2.005 | |
| Asset To Liability | 1.995 | |
| Debt To Capital | 0.134 | |
| Debt To Assets | 0.077 | |
| Debt To Assets QoQ | -5.368 % | |
| Debt To Assets YoY | -13.577 % | |
| Debt To Assets IPRWA | high: 0.798 mean: 0.229 median: 0.223 LSTR: 0.077 low: 0.001 |
|
| Debt To Equity | 0.155 | |
| Debt To Equity QoQ | -7.708 % | |
| Debt To Equity YoY | -6.016 % | |
| Debt To Equity IPRWA | high: 3.05 mean: 0.868 median: 0.463 LSTR: 0.155 low: 0.001 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 6.8 | |
| Price To Book QoQ | 11.663 % | |
| Price To Book YoY | 23.889 % | |
| Price To Book IPRWA | high: 12.508 LSTR: 6.8 mean: 5.103 median: 4.642 low: 0.301 |
|
| Price To Earnings (P/E) | 138.036 | |
| Price To Earnings QoQ | -27.225 % | |
| Price To Earnings YoY | -19.734 % | |
| Price To Earnings IPRWA | high: 316.07 LSTR: 138.036 median: 64.563 mean: 56.225 low: -182.473 |
|
| PE/G Ratio | 2.101 | |
| Price To Sales (P/S) | 4.638 | |
| Price To Sales QoQ | 12.431 % | |
| Price To Sales YoY | 4.643 % | |
| Price To Sales IPRWA | high: 14.072 LSTR: 4.638 mean: 4.444 median: 4.151 low: 1.148 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 85.769 | |
| Forward PE/G | 1.305 | |
| Forward P/S | 12.31 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | -280.98 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.723 | |
| Asset Turnover Ratio QoQ | 1.578 % | |
| Asset Turnover Ratio YoY | 10.775 % | |
| Asset Turnover Ratio IPRWA | high: 0.78 LSTR: 0.723 median: 0.256 mean: 0.219 low: 0.019 |
|
| Receivables Turnover | 1.72 | |
| Receivables Turnover Ratio QoQ | 0.02 % | |
| Receivables Turnover Ratio YoY | 3.485 % | |
| Receivables Turnover Ratio IPRWA | high: 4.189 median: 2.003 mean: 1.895 LSTR: 1.72 low: 1.167 |
|
| Inventory Turnover | — | |
| Inventory Turnover Ratio QoQ | — | |
| Inventory Turnover Ratio YoY | — | |
| Inventory Turnover Ratio IPRWA | — | |
| Days Sales Outstanding (DSO) | 53.06 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 18.751 | |
| Cash Conversion Cycle Days QoQ | — | |
| Cash Conversion Cycle Days YoY | -12.735 % | |
| Cash Conversion Cycle Days IPRWA | high: 38.095 LSTR: 18.751 mean: 8.056 median: -0.59 low: -195.547 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 2.119 | |
| CapEx To Revenue | -0.005 | |
| CapEx To Depreciation | -0.551 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 799.0 M | |
| Net Invested Capital | $ 853.4 M | |
| Invested Capital | $ 853.4 M | |
| Net Tangible Assets | $ 765.0 M | |
| Net Working Capital | $ 552.9 M | |
| LIQUIDITY | ||
| Cash Ratio | 0.652 | |
| Current Ratio | 1.877 | |
| Current Ratio QoQ | 7.356 % | |
| Current Ratio YoY | -7.455 % | |
| Current Ratio IPRWA | LSTR: 1.877 high: 1.849 median: 1.474 mean: 1.345 low: 0.678 |
|
| Quick Ratio | — | |
| Quick Ratio QoQ | — | |
| Quick Ratio YoY | — | |
| Quick Ratio IPRWA | — | |
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 2.034 | |
| Cost Of Debt | 0.68 % | |
| Interest Coverage Ratio | 42.996 | |
| Interest Coverage Ratio QoQ | 76.031 % | |
| Interest Coverage Ratio YoY | 40.314 % | |
| Interest Coverage Ratio IPRWA | high: 54.46 LSTR: 42.996 mean: 12.614 median: 5.226 low: -4.444 |
|
| Operating Cash Flow Ratio | 0.088 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 34.309 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | 0.483 | |
| Dividend Payout Ratio | 2.072 | |
| Dividend Rate | $ 2.41 | |
| Dividend Yield | 0.015 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | -2.062 % | |
| Revenue Growth | -0.271 % | |
| Revenue Growth QoQ | -89.443 % | |
| Revenue Growth YoY | -94.233 % | |
| Revenue Growth IPRWA | high: 4.227 % LSTR: -0.271 % mean: -6.809 % median: -10.782 % low: -13.387 % |
|
| Earnings Growth | 65.714 % | |
| Earnings Growth QoQ | -270.575 % | |
| Earnings Growth YoY | -287.139 % | |
| Earnings Growth IPRWA | LSTR: 65.714 % high: 35.135 % median: 13.861 % mean: -3.41 % low: -188.889 % |
|
| MARGINS | ||
| Gross Margin | 13.796 % | |
| Gross Margin QoQ | 4.192 % | |
| Gross Margin YoY | 6.648 % | |
| Gross Margin IPRWA | high: 24.357 % mean: 16.796 % median: 15.843 % LSTR: 13.796 % low: 5.035 % |
|
| EBIT Margin | 4.291 % | |
| EBIT Margin QoQ | 76.512 % | |
| EBIT Margin YoY | 38.063 % | |
| EBIT Margin IPRWA | high: 35.317 % mean: 18.826 % median: 8.445 % LSTR: 4.291 % low: -2.807 % |
|
| Return On Sales (ROS) | 4.291 % | |
| Return On Sales QoQ | 76.512 % | |
| Return On Sales YoY | 38.063 % | |
| Return On Sales IPRWA | high: 18.776 % mean: 7.339 % median: 6.729 % LSTR: 4.291 % low: -1.333 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 72.4 M | |
| Free Cash Flow Yield | 1.333 % | |
| Free Cash Flow Yield QoQ | -8.385 % | |
| Free Cash Flow Yield YoY | 26.591 % | |
| Free Cash Flow Yield IPRWA | high: 5.806 % LSTR: 1.333 % mean: 0.999 % median: 0.843 % low: -4.449 % |
|
| Free Cash Growth | 2.682 % | |
| Free Cash Growth QoQ | -114.853 % | |
| Free Cash Growth YoY | -349.721 % | |
| Free Cash Growth IPRWA | high: 166.667 % LSTR: 2.682 % mean: -51.817 % median: -53.867 % low: -250.914 % |
|
| Free Cash To Net Income | 1.836 | |
| Cash Flow Margin | 4.713 % | |
| Cash Flow To Earnings | 1.4 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | 2.436 % | |
| Return On Assets QoQ | 67.769 % | |
| Return On Assets YoY | 44.227 % | |
| Return On Assets IPRWA | high: 4.746 % LSTR: 2.436 % median: 2.223 % mean: 1.821 % low: -1.268 % |
|
| Return On Capital Employed (ROCE) | 5.174 % | |
| Return On Equity (ROE) | 0.049 | |
| Return On Equity QoQ | 64.041 % | |
| Return On Equity YoY | 54.154 % | |
| Return On Equity IPRWA | high: 0.101 LSTR: 0.049 mean: 0.04 median: 0.035 low: -0.024 |
|
| DuPont ROE | 4.946 % | |
| Return On Invested Capital (ROIC) | 4.406 % | |
| Return On Invested Capital QoQ | 60.979 % | |
| Return On Invested Capital YoY | 61.688 % | |
| Return On Invested Capital IPRWA | high: 5.094 % LSTR: 4.406 % median: 2.452 % mean: 2.391 % low: -1.502 % |
|