Recent News
On June 23, 2026 the Board declared a quarterly cash dividend of $0.33 per share, continuing the company’s long dividend run.
Technical Analysis
Directional Indicators (ADX / DI+ / DI-): ADX at 24.73 signals an emerging directional move; DI+ at 30.25 is increasing while DI- at 15.50 is decreasing, which produces a bullish directional profile supporting further upside relative to the current valuation.
MACD: MACD sits at 1.02 with the MACD line above the signal (0.64) and the MACD trend increasing, which constitutes a bullish momentum cross and favors continuation of recent gains.
MRO (Momentum/Regression Oscillator): MRO at 18.86 with a peak-and-reversal reading indicates the price sits above the model target and raises the risk of a near-term contraction toward fair-value levels, providing a counterweight to the bullish directional signals.
RSI and Price Positioning: RSI at 57.11 and rising keeps the stock inside normal momentum range (not overbought), while the close at $52.75 sits above the 20-day average ($50.15) and the 200-day average ($46.26). Price trades near the upper Bollinger band region, implying momentum strength but limited near-term upside runway without a consolidation.
Support / Resistance Context: The super trend lower near $49.54 and the 20-day average serve as technical support; short-term resistance clusters near the recent intraday highs and the upper band region just above current price.
Fundamental Analysis
Earnings And Cashflow: Reported EPS of $0.70 exceeded the estimate of $0.67, a positive EPS surprise of 4.48%. Net income of $82,144,000 on total revenue of $299,591,000 produces a net margin near 27.4%. Operating cashflow and free cash flow remain positive, with free cash flow of $74,350,000 and a free cash flow yield of 1.22%.
Profitability And Returns: Return on assets equals 0.26% and return on equity equals 1.93%, both modest levels relative to bank profitability norms. Earnings growth shows QoQ deterioration (earnings growth QoQ -341.57%) and YoY decline (earnings growth YoY -345.46%), while reported revenue growth YoY registers a strong 159.75% and revenue growth QoQ shows 122.57%—likely driven by period-specific items rather than steady operating leverage.
Capital Structure And Liquidity: Total assets stand at $31.73B with cash near $1.385B and total equity of $4.248B. Debt metrics remain conservative: debt-to-assets at 1.02% and debt-to-equity at 7.59%, both well below the industry peer mean for debt-to-equity, supporting balance-sheet resilience.
Valuation Multiples: Trailing P/E equals 66.68 and forward P/E equals 50.49; both sit above the industry peer mean for P/E (mean ~47.16). Price-to-book equals 1.43, which sits above the industry peer mean of 1.25. Free cash flow yield at 1.22% comes in below the industry peer mean of 1.78%. Taken together, multiples present an elevated valuation profile despite solid cash generation.
Dividend Profile: Dividend payout ratio equals 0.41% with the Board maintaining a $0.33 quarterly cash dividend; the payout level remains covered by earnings and cash flow metrics.
Valuation Conclusion: WMDST values the stock as over-valued due to high P/E and forward P/E relative to industry peer means, moderate cash-flow yield, and low returns on equity — factors that limit fundamental upside while momentum supports near-term price strength.
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 | $ 108.3 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 | — | |