Recent News
June 4, 2026 — Company announced a CEO succession plan with a leadership change effective June 4, 2026, and concurrently named Ryan Stafford General Counsel, Secretary and Senior Vice President, Human Resources. June 8, 2026 — investor presentation and corporate communications received updates and executive equity awards and Form 4 filings appeared in mid-June reflecting management compensation activity and investor outreach at events in early June.
Technical Analysis
Directional Indicators (ADX / DI+ / DI-): ADX at 23.08 signals an emerging trend; DI+ at 32.41 increasing while DI- at 17.74 decreasing indicates a bullish directional reading supporting upward price bias.
MACD: MACD sits at 9.00 with the signal line at 4.06 and the MACD trend increasing; the MACD currently trades above its signal line, constituting a bullish momentum confirmation for near-term price direction.
MRO (Momentum/Regression Oscillator): MRO registers +3.21 with a dip & reversal pattern; because MRO reads positive, price lies above the model target and carries a tendency toward mean reversion, implying short-term pullback risk despite momentum signals.
RSI: RSI at 61.02 on an increasing trend shows bullish momentum without entering overbought extremes, supporting continuation while leaving room for further upside before technical over-extension.
Price vs Moving Averages & Ichimoku: Closing price at $334.84 trades well above the 20-day ($255.26), 50-day ($243.69) and 200-day ($226.23) averages; 12‑ and 26‑day EMAs trend higher. Tenkan‑Sen (285.75) and Kijun‑Sen (283.60) sit below price, reinforcing short-term bullish structure.
Bollinger & Volatility: Price trades above the +2σ Bollinger band at $310.54, signaling an extended move and elevated reversion risk; 42‑day volatility of 5% and a 52‑week volatility of 3% indicate above-average short-term dispersion. Volume on the latest session (637,500) exceeds the 10‑day average (229,560) and 50/200‑day averages, validating the recent breakout strength.
Support/Resistance & Beta: SuperTrend lower support sits near $289.04 while the 52‑week high stands at $279.49; 42‑day beta 1.76 implies higher sensitivity to market swings than the 52‑week beta of 1.25.
Fundamental Analysis
Profitability: Operating margin at 15.137% and EBIT margin at 15.139% show margin durability; EBIT of $23,345,000 and EBITDA of $28,244,000 reflect operating scale. QoQ, EBIT margin rose ~4.99%, while YoY it declined ~2.87%, signaling recent sequential improvement after a modest annual compression.
Top-Line & EPS: Total revenue of $154,202,000 with YoY revenue growth of 25.40% demonstrates material sales expansion. Reported EPS at $2.92 exceeded the estimate of $2.56 by $0.36, an EPS surprise of ~14.06%, indicating better-than-expected profitability on a per-share basis.
Cash Flow & Liquidity: Operating cash flow of $3,204,000 and free cash flow of $1,458,000 produce a free cash flow yield of 0.091%. Cash and short-term investments of $19,976,000 plus a current ratio of 2.91 (quick ratio 1.69) show ample near-term liquidity; cash conversion cycle of ~108 days sits slightly above the industry peer mean of ~102 days.
Leverage & Coverage: Total debt of $156,066,000 produces a debt-to-assets ratio of 23.13% and debt-to-equity of 0.356; interest coverage of 13.44 supports comfortable coverage of interest expense. Debt-to-assets moved lower QoQ and dropped substantially YoY, reflecting ongoing deleveraging.
Efficiency & Returns: Asset turnover at 0.232 slightly exceeds the industry peer mean of 0.213, while return on equity at 3.986% remains below the industry peer mean of 7.093%; return on invested capital at 3.279% sits near the industry peer mean of 3.843%.
Valuation: Price-to-earnings stands at 83.69 with forward P/E ~75.31 and enterprise multiple ~61.67; WMDST values the stock as fair-valued. Book value per share registers $56.72 and price-to-book at 3.659 compares below the industry peer mean of 5.987 for price-to-book. High P/E and PEG ratios reflect market expectations for continued growth; forward revenue guidance and investor presentation updates reflect management growth aspirations.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2026-03-31 |
| REPORT DATE: | 2026-08-03 |
| NEXT REPORT DATE: | 2026-11-02 |
| CASH FLOW | Begin Period Cash Flow | $ 20.3 M |
| Operating Cash Flow | $ 3.2 M | |
| Capital Expenditures | $ -1.75 M | |
| Change In Working Capital | $ -24.50 M | |
| Dividends Paid | — | |
| Cash Flow Delta | $ -325.00 K | |
| End Period Cash Flow | $ 20.0 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 154.2 M | |
| Forward Revenue | $ 49.8 M | |
| COSTS | ||
| Cost Of Revenue | $ 109.8 M | |
| Depreciation | $ 2.4 M | |
| Depreciation and Amortization | $ 4.9 M | |
| Research and Development | — | |
| Total Operating Expenses | $ 130.9 M | |
| PROFITABILITY | ||
| Gross Profit | $ 44.4 M | |
| EBITDA | $ 28.2 M | |
| EBIT | $ 23.3 M | |
| Operating Income | $ 23.3 M | |
| Interest Income | — | |
| Interest Expense | $ 1.7 M | |
| Net Interest Income | $ -1.74 M | |
| Income Before Tax | $ 21.6 M | |
| Tax Provision | $ 4.1 M | |
| Tax Rate | 19.035 % | |
| Net Income | $ 17.5 M | |
| Net Income From Continuing Operations | $ 17.5 M | |
| EARNINGS | ||
| EPS Estimate | $ 2.56 | |
| EPS Actual | $ 2.92 | |
| EPS Difference | $ 0.36 | |
| EPS Surprise | 14.062 % | |
| Forward EPS | $ 2.92 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 674.7 M | |
| Intangible Assets | $ 334.5 M | |
| Net Tangible Assets | $ 104.4 M | |
| Total Current Assets | $ 224.1 M | |
| Cash and Short-Term Investments | $ 20.0 M | |
| Cash | $ 20.0 M | |
| Net Receivables | $ 98.6 M | |
| Inventory | $ 94.0 M | |
| Long-Term Investments | $ 5.3 M | |
| LIABILITIES | ||
| Accounts Payable | $ 28.4 M | |
| Short-Term Debt | $ 12.5 M | |
| Total Current Liabilities | $ 77.0 M | |
| Net Debt | $ 117.6 M | |
| Total Debt | $ 156.1 M | |
| Total Liabilities | $ 235.8 M | |
| EQUITY | ||
| Total Equity | $ 438.9 M | |
| Retained Earnings | $ 392.3 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 56.72 | |
| Shares Outstanding | 7.737 M | |
| Revenue Per-Share | $ 19.93 | |
| VALUATION | Market Capitalization | $ 1.6 B |
| Enterprise Value | $ 1.7 B | |
| Enterprise Multiple | 61.674 | |
| Enterprise Multiple QoQ | -18.267 % | |
| Enterprise Multiple YoY | -9.41 % | |
| Enterprise Multiple IPRWA | high: 228.904 median: 81.373 mean: 80.615 UFPT: 61.674 low: -131.998 |
|
| EV/R | 11.296 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 1.537 | |
| Asset To Liability | 2.861 | |
| Debt To Capital | 0.262 | |
| Debt To Assets | 0.231 | |
| Debt To Assets QoQ | -1.908 % | |
| Debt To Assets YoY | -25.127 % | |
| Debt To Assets IPRWA | high: 0.817 mean: 0.338 median: 0.334 UFPT: 0.231 low: 0.0 |
|
| Debt To Equity | 0.356 | |
| Debt To Equity QoQ | -2.428 % | |
| Debt To Equity YoY | -35.402 % | |
| Debt To Equity IPRWA | high: 3.37 mean: 1.096 median: 0.708 UFPT: 0.356 low: -1.87 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 3.659 | |
| Price To Book QoQ | -16.508 % | |
| Price To Book YoY | -22.505 % | |
| Price To Book IPRWA | high: 14.269 mean: 5.987 median: 5.338 UFPT: 3.659 low: -5.69 |
|
| Price To Earnings (P/E) | 83.692 | |
| Price To Earnings QoQ | -15.208 % | |
| Price To Earnings YoY | -16.296 % | |
| Price To Earnings IPRWA | high: 348.684 mean: 118.597 median: 114.109 UFPT: 83.692 low: -141.26 |
|
| PE/G Ratio | 51.063 | |
| Price To Sales (P/S) | 10.414 | |
| Price To Sales QoQ | -16.517 % | |
| Price To Sales YoY | -9.404 % | |
| Price To Sales IPRWA | high: 42.542 mean: 15.419 median: 15.023 UFPT: 10.414 low: 0.198 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 75.307 | |
| Forward PE/G | 45.947 | |
| Forward P/S | 32.237 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 2.456 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.232 | |
| Asset Turnover Ratio QoQ | 1.844 % | |
| Asset Turnover Ratio YoY | -0.464 % | |
| Asset Turnover Ratio IPRWA | high: 0.603 UFPT: 0.232 mean: 0.213 median: 0.179 low: 0.004 |
|
| Receivables Turnover | 1.699 | |
| Receivables Turnover Ratio QoQ | -4.09 % | |
| Receivables Turnover Ratio YoY | 2.352 % | |
| Receivables Turnover Ratio IPRWA | high: 3.736 UFPT: 1.699 mean: 1.507 median: 1.488 low: 0.166 |
|
| Inventory Turnover | 1.215 | |
| Inventory Turnover Ratio QoQ | -1.745 % | |
| Inventory Turnover Ratio YoY | 1.641 % | |
| Inventory Turnover Ratio IPRWA | high: 5.175 UFPT: 1.215 mean: 1.158 median: 0.95 low: 0.087 |
|
| Days Sales Outstanding (DSO) | 53.696 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 108.352 | |
| Cash Conversion Cycle Days QoQ | 8.168 % | |
| Cash Conversion Cycle Days YoY | -1.632 % | |
| Cash Conversion Cycle Days IPRWA | high: 346.886 UFPT: 108.352 mean: 102.245 median: 92.814 low: -117.697 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 1.048 | |
| CapEx To Revenue | -0.011 | |
| CapEx To Depreciation | -0.722 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 564.0 M | |
| Net Invested Capital | $ 576.5 M | |
| Invested Capital | $ 576.5 M | |
| Net Tangible Assets | $ 104.4 M | |
| Net Working Capital | $ 147.1 M | |
| LIQUIDITY | ||
| Cash Ratio | 0.259 | |
| Current Ratio | 2.91 | |
| Current Ratio QoQ | 8.381 % | |
| Current Ratio YoY | 12.894 % | |
| Current Ratio IPRWA | high: 6.38 UFPT: 2.91 mean: 1.756 median: 1.385 low: 0.215 |
|
| Quick Ratio | 1.69 | |
| Quick Ratio QoQ | 10.814 % | |
| Quick Ratio YoY | 16.295 % | |
| Quick Ratio IPRWA | high: 5.249 UFPT: 1.69 mean: 1.231 median: 1.097 low: 0.09 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 5.526 | |
| Cost Of Debt | 1.085 % | |
| Interest Coverage Ratio | 13.44 | |
| Interest Coverage Ratio QoQ | 20.86 % | |
| Interest Coverage Ratio YoY | 63.502 % | |
| Interest Coverage Ratio IPRWA | high: 48.586 UFPT: 13.44 mean: 13.246 median: 12.303 low: -29.75 |
|
| Operating Cash Flow Ratio | 0.049 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 22.492 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | — | |
| Dividend Payout Ratio | — | |
| Dividend Rate | — | |
| Dividend Yield | — | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 2.993 % | |
| Revenue Growth | 3.55 % | |
| Revenue Growth QoQ | -197.234 % | |
| Revenue Growth YoY | 25.397 % | |
| Revenue Growth IPRWA | high: 43.356 % UFPT: 3.55 % mean: -1.037 % median: -1.679 % low: -54.634 % |
|
| Earnings Growth | 1.639 % | |
| Earnings Growth QoQ | -89.52 % | |
| Earnings Growth YoY | -68.709 % | |
| Earnings Growth IPRWA | high: 133.333 % median: 6.797 % UFPT: 1.639 % mean: 1.169 % low: -155.556 % |
|
| MARGINS | ||
| Gross Margin | 28.769 % | |
| Gross Margin QoQ | 2.079 % | |
| Gross Margin YoY | 1.114 % | |
| Gross Margin IPRWA | high: 69.384 % mean: 34.869 % median: 34.775 % UFPT: 28.769 % low: -30.324 % |
|
| EBIT Margin | 15.139 % | |
| EBIT Margin QoQ | 4.986 % | |
| EBIT Margin YoY | -2.868 % | |
| EBIT Margin IPRWA | high: 35.045 % median: 16.786 % mean: 16.778 % UFPT: 15.139 % low: -42.692 % |
|
| Return On Sales (ROS) | 15.137 % | |
| Return On Sales QoQ | 7.324 % | |
| Return On Sales YoY | -2.881 % | |
| Return On Sales IPRWA | high: 28.534 % median: 17.111 % mean: 16.409 % UFPT: 15.137 % low: -41.666 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 1.5 M | |
| Free Cash Flow Yield | 0.091 % | |
| Free Cash Flow Yield QoQ | -86.963 % | |
| Free Cash Flow Yield YoY | -85.913 % | |
| Free Cash Flow Yield IPRWA | high: 9.759 % median: 0.434 % mean: 0.283 % UFPT: 0.091 % low: -11.566 % |
|
| Free Cash Growth | -88.754 % | |
| Free Cash Growth QoQ | 47.518 % | |
| Free Cash Growth YoY | 82.351 % | |
| Free Cash Growth IPRWA | high: 429.548 % mean: -53.401 % median: -54.689 % UFPT: -88.754 % low: -478.599 % |
|
| Free Cash To Net Income | 0.083 | |
| Cash Flow Margin | 2.438 % | |
| Cash Flow To Earnings | 0.215 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | 2.631 % | |
| Return On Assets QoQ | -2.048 % | |
| Return On Assets YoY | -2.664 % | |
| Return On Assets IPRWA | high: 6.622 % UFPT: 2.631 % median: 2.334 % mean: 2.329 % low: -11.724 % |
|
| Return On Capital Employed (ROCE) | 3.906 % | |
| Return On Equity (ROE) | 0.04 | |
| Return On Equity QoQ | -3.813 % | |
| Return On Equity YoY | -16.331 % | |
| Return On Equity IPRWA | high: 0.238 mean: 0.071 median: 0.06 UFPT: 0.04 low: -0.224 |
|
| DuPont ROE | 4.056 % | |
| Return On Invested Capital (ROIC) | 3.279 % | |
| Return On Invested Capital QoQ | -4.984 % | |
| Return On Invested Capital YoY | -8.917 % | |
| Return On Invested Capital IPRWA | high: 13.036 % median: 3.925 % mean: 3.843 % UFPT: 3.279 % low: -9.21 % |
|