Recent News
On July 16, 2026 the company announced a CEO transition and additional leadership changes; management named successors and outlined immediate executive responsibilities. The company also presented at the East Coast IDEAS investor conference on June 11, 2026, and issued investor communications related to these events in mid-June and July.
Technical Analysis
ADX reads 16.52, indicating no established trend strength; the lack of trend limits conviction behind directional signals and increases the likelihood of range-bound price action in the coming weeks.
Directional indicators show opposing pressure: DI+ at 23.67 (peak & reversal) signals bearish directional shift, while DI- at 21.31 (peak & reversal) signals bullish pressure. Given ADX below 20, those directional reversals lack strong follow-through and should be treated as early directional tests rather than commitments to a sustained move.
MACD sits at 0.40 below its signal line at 0.42 with a peak-and-reversal pattern; momentum reads bearish and implies shrinking upward conviction absent a re-acceleration above the signal line.
MRO at 26.18 and labeled peak & reversal indicates the market price sits meaningfully above the model target, increasing the probability of mean reversion toward implied fair value over a short horizon.
RSI at 53.7 with a dip-and-reversal profile supplies a modestly bullish short-term impulse; the indicator suggests the stock recently found buying interest but lacks strong momentum expansion.
Price relationships favor a constructive structural backdrop: last close $83.47 exceeds the 20-day ($82.62), 50-day ($81.70), and 200-day ($75.62) averages, and price sits above the ichimoku cloud (Senkou A ~ $80.69 / Senkou B ~ $80.41). Short-term EMAs show a peak-and-reversal footprint, introducing near-term vulnerability despite the higher-longer averages.
Bollinger bands compress (upper 1σ $84.86 / lower 1σ $80.39) and implied volatility remains low, pointing to a tighter range until a momentum catalyst arrives. Volume at 148,493 exceeded the 10-day and 50-day averages, indicating episodic trader interest around recent news.
Fundamental Analysis
Revenue totaled $281,779,000 for the period ended 2026-03-31, with year-over-year revenue decline of 21.41% and sequential performance showing sharper contraction (revenue growth quarter-over-quarter: -294.56% in the supplied scale). The YoY revenue drop materially compresses operating leverage and underlies the margin trends below.
Gross margin stands at 19.08%, down 10.92% YoY. Operating margin registers 8.24% and EBIT margin 8.10%; EBIT margin improved modestly QoQ by 1.93% but declined YoY by 22.30%. EBIT of $22,820,000 and EBITDA of $31,161,000 reflect profitability on a smaller revenue base, while operating leverage remains positive but insufficient to offset topline contraction.
EPS came in at $1.43 versus an estimate of $1.16, producing an EPS surprise of +23.28%. Forward EPS $1.19 and forward PE ~64.18 show stretched consensus forward valuation relative to current earnings momentum; trailing PE reads 54.93. WMDST notes the current valuation status as over-valued.
Cash generation weakened: free cash flow registered negative $21,468,000, producing a free cash flow yield of -2.34% and free cash growth deeply negative on both QoQ and YoY bases. Operating cash flow essentially flat at $197,000, and the cash balance sits at $1,291,000, limiting liquidity flexibility despite a current ratio of 2.30. The cash conversion cycle measures 86.5 days, above the industry peer mean of ~15.37 days and closer to the industry peer high, reflecting capital tied in inventory and receivables.
Balance-sheet and coverage metrics present offsets: total debt $98,310,000 with net debt ~$75,086,000 and interest coverage ~43.63x, indicating low borrowing strain. Debt-to-EBITDA of 3.15 shows moderate leverage against current earnings. Dividend yield equals 1.28% with a payout ratio ~69.47% and dividend coverage ratio ~1.44, which leaves limited flexibility if cash flow remains negative.
Key QoQ/YoY deltas: EBIT margin QoQ +1.93%, EBIT margin YoY -22.30%; operating margin QoQ +2.07%, operating margin YoY -20.98%; return on equity 4.35% with a YoY decline of 25.25%. Asset growth registered +5.33% year-over-year, while asset turnover slipped slightly YoY. These dynamics point toward margin restoration as the primary route to re-rationalize valuation.
Valuation summary: trailing PE ~54.93, forward PE ~64.18, enterprise multiple ~32.57, and WMDST’s current valuation designation: over-valued. Profitability sits below the industry peer mean and median on key margins, cash conversion weakens free-cash-driven valuation, and leverage remains moderate but serviceable given strong interest coverage.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2026-03-31 |
| REPORT DATE: | 2026-04-29 |
| NEXT REPORT DATE: | 2026-07-29 |
| CASH FLOW | Begin Period Cash Flow | $ 2.4 M |
| Operating Cash Flow | $ 197.0 K | |
| Capital Expenditures | $ -21.66 M | |
| Change In Working Capital | $ -25.42 M | |
| Dividends Paid | $ -11.70 M | |
| Cash Flow Delta | $ -1.11 M | |
| End Period Cash Flow | $ 1.3 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 281.8 M | |
| Forward Revenue | $ 58.2 M | |
| COSTS | ||
| Cost Of Revenue | $ 228.0 M | |
| Depreciation | $ 8.3 M | |
| Depreciation and Amortization | $ 8.3 M | |
| Research and Development | — | |
| Total Operating Expenses | $ 258.6 M | |
| PROFITABILITY | ||
| Gross Profit | $ 53.8 M | |
| EBITDA | $ 31.2 M | |
| EBIT | $ 22.8 M | |
| Operating Income | $ 23.2 M | |
| Interest Income | — | |
| Interest Expense | $ 523.0 K | |
| Net Interest Income | $ -523.00 K | |
| Income Before Tax | $ 22.3 M | |
| Tax Provision | $ 5.4 M | |
| Tax Rate | 24.4 % | |
| Net Income | $ 16.8 M | |
| Net Income From Continuing Operations | $ 16.8 M | |
| EARNINGS | ||
| EPS Estimate | $ 1.16 | |
| EPS Actual | $ 1.43 | |
| EPS Difference | $ 0.27 | |
| EPS Surprise | 23.276 % | |
| Forward EPS | $ 1.19 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 650.7 M | |
| Intangible Assets | $ 15.3 M | |
| Net Tangible Assets | $ 372.3 M | |
| Total Current Assets | $ 352.1 M | |
| Cash and Short-Term Investments | $ 1.3 M | |
| Cash | $ 1.3 M | |
| Net Receivables | $ 85.2 M | |
| Inventory | $ 252.6 M | |
| Long-Term Investments | $ 9.9 M | |
| LIABILITIES | ||
| Accounts Payable | $ 73.1 M | |
| Short-Term Debt | $ 35.7 M | |
| Total Current Liabilities | $ 153.2 M | |
| Net Debt | $ 75.1 M | |
| Total Debt | $ 98.3 M | |
| Total Liabilities | $ 263.0 M | |
| EQUITY | ||
| Total Equity | $ 387.6 M | |
| Retained Earnings | $ 245.8 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 33.17 | |
| Shares Outstanding | 11.690 M | |
| Revenue Per-Share | $ 24.11 | |
| VALUATION | Market Capitalization | $ 918.0 M |
| Enterprise Value | $ 1.0 B | |
| Enterprise Multiple | 32.573 | |
| Enterprise Multiple QoQ | 21.214 % | |
| Enterprise Multiple YoY | 19.337 % | |
| Enterprise Multiple IPRWA | high: 118.803 median: 54.618 mean: 54.617 JBSS: 32.573 low: -13.556 |
|
| EV/R | 3.602 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 1.679 | |
| Asset To Liability | 2.474 | |
| Debt To Capital | 0.202 | |
| Debt To Assets | 0.151 | |
| Debt To Assets QoQ | 37.505 % | |
| Debt To Assets YoY | -27.175 % | |
| Debt To Assets IPRWA | high: 0.512 mean: 0.307 median: 0.304 JBSS: 0.151 low: 0.011 |
|
| Debt To Equity | 0.254 | |
| Debt To Equity QoQ | 38.298 % | |
| Debt To Equity YoY | -28.184 % | |
| Debt To Equity IPRWA | high: 2.764 median: 0.84 mean: 0.833 JBSS: 0.254 low: -1.781 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 2.368 | |
| Price To Book QoQ | 5.687 % | |
| Price To Book YoY | -1.928 % | |
| Price To Book IPRWA | high: 4.113 JBSS: 2.368 median: 2.152 mean: 1.956 low: -2.284 |
|
| Price To Earnings (P/E) | 54.929 | |
| Price To Earnings QoQ | 18.432 % | |
| Price To Earnings YoY | — | |
| Price To Earnings IPRWA | high: 97.779 median: 85.657 mean: 75.076 JBSS: 54.929 low: -5.797 |
|
| PE/G Ratio | -8.404 | |
| Price To Sales (P/S) | 3.258 | |
| Price To Sales QoQ | 23.654 % | |
| Price To Sales YoY | 1.558 % | |
| Price To Sales IPRWA | high: 13.292 mean: 5.978 median: 5.391 JBSS: 3.258 low: 0.222 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 64.178 | |
| Forward PE/G | -9.819 | |
| Forward P/S | 15.787 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 0.836 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.444 | |
| Asset Turnover Ratio QoQ | -14.151 % | |
| Asset Turnover Ratio YoY | -3.339 % | |
| Asset Turnover Ratio IPRWA | high: 0.557 JBSS: 0.444 mean: 0.219 median: 0.144 low: 0.005 |
|
| Receivables Turnover | 3.414 | |
| Receivables Turnover Ratio QoQ | -10.955 % | |
| Receivables Turnover Ratio YoY | 1.899 % | |
| Receivables Turnover Ratio IPRWA | high: 5.656 JBSS: 3.414 mean: 3.354 median: 2.652 low: 0.863 |
|
| Inventory Turnover | 0.934 | |
| Inventory Turnover Ratio QoQ | -14.07 % | |
| Inventory Turnover Ratio YoY | 5.654 % | |
| Inventory Turnover Ratio IPRWA | high: 4.314 median: 1.713 mean: 1.636 low: 1.028 JBSS: 0.934 |
|
| Days Sales Outstanding (DSO) | 26.726 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 86.533 | |
| Cash Conversion Cycle Days QoQ | -0.498 % | |
| Cash Conversion Cycle Days YoY | -4.782 % | |
| Cash Conversion Cycle Days IPRWA | high: 94.582 JBSS: 86.533 median: 18.668 mean: 15.366 low: -31.323 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 1.416 | |
| CapEx To Revenue | -0.077 | |
| CapEx To Depreciation | -2.597 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 428.3 M | |
| Net Invested Capital | $ 464.0 M | |
| Invested Capital | $ 464.0 M | |
| Net Tangible Assets | $ 372.3 M | |
| Net Working Capital | $ 199.0 M | |
| LIQUIDITY | ||
| Cash Ratio | 0.008 | |
| Current Ratio | 2.299 | |
| Current Ratio QoQ | 1.177 % | |
| Current Ratio YoY | 14.55 % | |
| Current Ratio IPRWA | high: 2.76 JBSS: 2.299 median: 1.195 mean: 1.076 low: 0.522 |
|
| Quick Ratio | 0.65 | |
| Quick Ratio QoQ | -5.272 % | |
| Quick Ratio YoY | 23.686 % | |
| Quick Ratio IPRWA | high: 1.834 median: 0.701 JBSS: 0.65 mean: 0.635 low: 0.295 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 3.155 | |
| Cost Of Debt | 0.476 % | |
| Interest Coverage Ratio | 43.633 | |
| Interest Coverage Ratio QoQ | -12.253 % | |
| Interest Coverage Ratio YoY | 69.257 % | |
| Interest Coverage Ratio IPRWA | JBSS: 43.633 high: 22.556 mean: 6.631 median: 5.28 low: -8.784 |
|
| Operating Cash Flow Ratio | -0.028 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 27.308 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | 1.44 | |
| Dividend Payout Ratio | 0.695 | |
| Dividend Rate | $ 1.00 | |
| Dividend Yield | 0.013 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 5.332 % | |
| Revenue Growth | -10.483 % | |
| Revenue Growth QoQ | -294.562 % | |
| Revenue Growth YoY | -21.411 % | |
| Revenue Growth IPRWA | high: 27.474 % mean: -1.549 % median: -3.963 % JBSS: -10.483 % low: -13.326 % |
|
| Earnings Growth | -6.536 % | |
| Earnings Growth QoQ | 73.185 % | |
| Earnings Growth YoY | — | |
| Earnings Growth IPRWA | high: 87.5 % mean: -6.297 % JBSS: -6.536 % median: -6.944 % low: -108.571 % |
|
| MARGINS | ||
| Gross Margin | 19.083 % | |
| Gross Margin QoQ | 1.522 % | |
| Gross Margin YoY | -10.923 % | |
| Gross Margin IPRWA | high: 49.389 % median: 27.808 % mean: 25.076 % JBSS: 19.083 % low: 5.964 % |
|
| EBIT Margin | 8.099 % | |
| EBIT Margin QoQ | 1.925 % | |
| EBIT Margin YoY | -22.304 % | |
| EBIT Margin IPRWA | high: 20.857 % mean: 10.926 % median: 9.157 % JBSS: 8.099 % low: -0.892 % |
|
| Return On Sales (ROS) | 8.237 % | |
| Return On Sales QoQ | 2.069 % | |
| Return On Sales YoY | -20.98 % | |
| Return On Sales IPRWA | high: 20.833 % mean: 10.39 % median: 8.532 % JBSS: 8.237 % low: -1.246 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ -21.47 M | |
| Free Cash Flow Yield | -2.339 % | |
| Free Cash Flow Yield QoQ | -148.437 % | |
| Free Cash Flow Yield YoY | -47.906 % | |
| Free Cash Flow Yield IPRWA | high: 5.647 % mean: 0.636 % median: 0.21 % JBSS: -2.339 % low: -7.949 % |
|
| Free Cash Growth | -153.608 % | |
| Free Cash Growth QoQ | -133.991 % | |
| Free Cash Growth YoY | -111.729 % | |
| Free Cash Growth IPRWA | high: 237.752 % mean: -68.548 % median: -92.246 % JBSS: -153.608 % low: -272.674 % |
|
| Free Cash To Net Income | -1.274 | |
| Cash Flow Margin | -1.499 % | |
| Cash Flow To Earnings | -0.251 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | 2.657 % | |
| Return On Assets QoQ | -9.993 % | |
| Return On Assets YoY | -25.155 % | |
| Return On Assets IPRWA | high: 4.134 % JBSS: 2.657 % mean: 1.22 % median: 0.785 % low: -0.301 % |
|
| Return On Capital Employed (ROCE) | 4.587 % | |
| Return On Equity (ROE) | 0.043 | |
| Return On Equity QoQ | -10.429 % | |
| Return On Equity YoY | -25.249 % | |
| Return On Equity IPRWA | high: 0.052 JBSS: 0.043 median: 0.022 mean: 0.021 low: -0.005 |
|
| DuPont ROE | 4.447 % | |
| Return On Invested Capital (ROIC) | 3.716 % | |
| Return On Invested Capital QoQ | -15.871 % | |
| Return On Invested Capital YoY | -21.354 % | |
| Return On Invested Capital IPRWA | high: 4.858 % JBSS: 3.716 % mean: 2.019 % median: 1.393 % low: -0.413 % |
|