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On June 17, 2026 the company’s board declared a quarterly cash dividend of $0.12 per share, payable July 24, 2026 to shareholders of record July 10, 2026. On August 10–11, 2026 the company scheduled and released its second-quarter 2026 financial results and hosted a conference call announcing raised full‑year 2026 outlook items.
Technical Analysis
ADX at 21.03 indicates an emerging trend strength; that level implies trend strength remains limited, so follow-through requires confirmation from directional indicators.
DI+ registered a dip-and-reversal, which reads as bullish momentum development; however DI– currently increases, a bearish signal that offsets the DI+ reversal and suggests directional conflict between buyers and sellers.
MACD stands negative at -$1.68 and the MACD trend shows continued decrease while the signal line sits at -$1.08; negative and falling MACD and the MACD remaining below its signal line indicate prevailing bearish momentum on the price internals.
MRO registers 5.54 with a dip-and-reversal label; positive MRO above zero implies price sits slightly above WMDST’s short-term target and therefore carries a modest downward potential absent fresh buying pressure.
RSI at 42.96 and trending down highlights near-term weakness without oversold extremes, aligning with the MACD signal and implying limited immediate upside until momentum stabilizes.
Price sits at $73.02 below the 20‑day average ($77.52) and the 50‑day average ($81.22) while remaining above the 200‑day average ($70.24); the short-term EMA (12‑day) trends down, placing near-term bias toward consolidation between $70 and the mid‑$80s until MACD and RSI show renewed strength.
Bollinger bands range roughly $70.15–$84.88 (2× std dev); current price near the lower half of that band structure implies limited immediate volatility expansion, consistent with 42‑day and 52‑week volatility metrics around 2%.
Fundamental Analysis
Revenue totaled $228.4M with YoY revenue change -6.34%; the YoY decline contrasts with sequential margin gains and indicates mixed top‑line dynamics. Gross margin at 32.79% improved YoY by 7.03 percentage points, supporting operating leverage.
Operating margin at 13.09% increased QoQ by 7.37% and improved YoY by 51.43%, while EBIT margin at 13.44% rose QoQ by 9.82% and YoY by 55.48%. EBIT margin sits below the industry peer mean of 20.46% and median of 22.20%, though comfortably above the industry low. The margin expansion underpins the raised outlook discussed in the company release and supports the valuation stance.
Net income reached $19.7M and operating cash flow amounted to $23.9M; free cash flow $16.3M produced a free cash flow yield near 0.74% and a cash conversion ratio of 0.823, showing healthy cash conversion relative to reported earnings. Cash and short‑term investments stood at $64.2M with a current ratio of 2.86 and quick ratio of 1.58, indicating strong near‑term liquidity.
EPS came in at $0.88 versus estimate $0.80, an EPS surprise ratio of +10%, reflecting marginally stronger profitability per share in the quarter reported. Forward EPS near $0.896 and forward PE around 78.22 reflect market expectations of moderate growth priced into current multiples.
Leverage metrics show total debt $348.5M and net debt $284.3M with debt to equity 0.37 and debt to EBITDA 7.61; interest coverage near 6.02x provides coverage but the debt/EBITDA figure reads elevated, implying sensitivity to operating cash flow swings. Return on equity near 2.10% and return on assets near 1.30% remain low but improved YoY markedly (ROE YoY +154.11%).
WMDST values the stock as under-valued; that valuation reflects improving margins, solid cash balances, and an analyst price target mean at $91.48 that sits above current price, providing an upside reference for longer-term valuation comparisons.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2026-03-31 |
| REPORT DATE: | 2026-08-10 |
| NEXT REPORT DATE: | 2026-11-09 |
| CASH FLOW | Begin Period Cash Flow | $ 73.0 M |
| Operating Cash Flow | $ 23.9 M | |
| Capital Expenditures | $ -7.60 M | |
| Change In Working Capital | $ -13.00 M | |
| Dividends Paid | $ -3.00 M | |
| Cash Flow Delta | $ -8.80 M | |
| End Period Cash Flow | $ 64.2 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 228.4 M | |
| Forward Revenue | $ 86.0 M | |
| COSTS | ||
| Cost Of Revenue | $ 153.5 M | |
| Depreciation | $ 7.5 M | |
| Depreciation and Amortization | $ 15.1 M | |
| Research and Development | — | |
| Total Operating Expenses | $ 198.5 M | |
| PROFITABILITY | ||
| Gross Profit | $ 74.9 M | |
| EBITDA | $ 45.8 M | |
| EBIT | $ 30.7 M | |
| Operating Income | $ 29.9 M | |
| Interest Income | — | |
| Interest Expense | $ 5.1 M | |
| Net Interest Income | $ -5.10 M | |
| Income Before Tax | $ 25.6 M | |
| Tax Provision | $ 5.9 M | |
| Tax Rate | 23.1 % | |
| Net Income | $ 19.7 M | |
| Net Income From Continuing Operations | $ 19.7 M | |
| EARNINGS | ||
| EPS Estimate | $ 0.80 | |
| EPS Actual | $ 0.88 | |
| EPS Difference | $ 0.08 | |
| EPS Surprise | 10.0 % | |
| Forward EPS | $ 0.90 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 1.5 B | |
| Intangible Assets | $ 852.5 M | |
| Net Tangible Assets | $ 83.9 M | |
| Total Current Assets | $ 426.9 M | |
| Cash and Short-Term Investments | $ 64.2 M | |
| Cash | $ 64.2 M | |
| Net Receivables | $ 137.5 M | |
| Inventory | $ 190.9 M | |
| Long-Term Investments | $ 23.7 M | |
| LIABILITIES | ||
| Accounts Payable | $ 86.9 M | |
| Short-Term Debt | — | |
| Total Current Liabilities | $ 149.5 M | |
| Net Debt | $ 284.3 M | |
| Total Debt | $ 348.5 M | |
| Total Liabilities | $ 575.3 M | |
| EQUITY | ||
| Total Equity | $ 936.4 M | |
| Retained Earnings | $ 554.8 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 28.28 | |
| Shares Outstanding | 33.107 M | |
| Revenue Per-Share | $ 6.90 | |
| VALUATION | Market Capitalization | $ 2.2 B |
| Enterprise Value | $ 2.5 B | |
| Enterprise Multiple | 54.659 | |
| Enterprise Multiple QoQ | -8.1 % | |
| Enterprise Multiple YoY | 19.938 % | |
| Enterprise Multiple IPRWA | high: 195.203 mean: 77.016 median: 75.46 HLIO: 54.659 low: -124.57 |
|
| EV/R | 10.961 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 1.614 | |
| Asset To Liability | 2.628 | |
| Debt To Capital | 0.271 | |
| Debt To Assets | 0.231 | |
| Debt To Assets QoQ | -4.889 % | |
| Debt To Assets YoY | -20.534 % | |
| Debt To Assets IPRWA | high: 0.608 mean: 0.333 median: 0.312 HLIO: 0.231 low: 0.014 |
|
| Debt To Equity | 0.372 | |
| Debt To Equity QoQ | -5.565 % | |
| Debt To Equity YoY | -25.936 % | |
| Debt To Equity IPRWA | high: 4.429 mean: 1.023 median: 0.656 HLIO: 0.372 low: 0.018 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 2.37 | |
| Price To Book QoQ | 2.939 % | |
| Price To Book YoY | 89.422 % | |
| Price To Book IPRWA | high: 12.093 mean: 5.632 median: 5.099 HLIO: 2.37 low: 0.256 |
|
| Price To Earnings (P/E) | 83.785 | |
| Price To Earnings QoQ | 4.842 % | |
| Price To Earnings YoY | 11.34 % | |
| Price To Earnings IPRWA | high: 173.115 median: 110.324 mean: 104.459 HLIO: 83.785 low: -21.751 |
|
| PE/G Ratio | -67.842 | |
| Price To Sales (P/S) | 9.716 | |
| Price To Sales QoQ | -4.493 % | |
| Price To Sales YoY | 72.293 % | |
| Price To Sales IPRWA | high: 26.76 median: 19.254 mean: 17.843 HLIO: 9.716 low: 0.803 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 78.219 | |
| Forward PE/G | -63.335 | |
| Forward P/S | 27.701 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 2.275 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.151 | |
| Asset Turnover Ratio QoQ | 9.926 % | |
| Asset Turnover Ratio YoY | 17.043 % | |
| Asset Turnover Ratio IPRWA | high: 0.4 mean: 0.181 median: 0.179 HLIO: 0.151 low: 0.004 |
|
| Receivables Turnover | 1.802 | |
| Receivables Turnover Ratio QoQ | 6.725 % | |
| Receivables Turnover Ratio YoY | 4.016 % | |
| Receivables Turnover Ratio IPRWA | high: 2.225 HLIO: 1.802 mean: 1.517 median: 1.459 low: 0.168 |
|
| Inventory Turnover | 0.809 | |
| Inventory Turnover Ratio QoQ | 8.131 % | |
| Inventory Turnover Ratio YoY | 13.29 % | |
| Inventory Turnover Ratio IPRWA | high: 1.476 median: 1.096 mean: 1.019 HLIO: 0.809 low: 0.245 |
|
| Days Sales Outstanding (DSO) | 50.639 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 121.408 | |
| Cash Conversion Cycle Days QoQ | -1.759 % | |
| Cash Conversion Cycle Days YoY | -17.742 % | |
| Cash Conversion Cycle Days IPRWA | high: 311.654 HLIO: 121.408 mean: 106.56 median: 94.932 low: -58.8 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 0.823 | |
| CapEx To Revenue | -0.033 | |
| CapEx To Depreciation | -1.013 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 1.3 B | |
| Net Invested Capital | $ 1.3 B | |
| Invested Capital | $ 1.3 B | |
| Net Tangible Assets | $ 83.9 M | |
| Net Working Capital | $ 277.4 M | |
| LIQUIDITY | ||
| Cash Ratio | 0.429 | |
| Current Ratio | 2.856 | |
| Current Ratio QoQ | -1.444 % | |
| Current Ratio YoY | 2.9 % | |
| Current Ratio IPRWA | high: 4.185 HLIO: 2.856 mean: 1.881 median: 1.33 low: 0.215 |
|
| Quick Ratio | 1.579 | |
| Quick Ratio QoQ | -0.108 % | |
| Quick Ratio YoY | 9.194 % | |
| Quick Ratio IPRWA | high: 2.868 HLIO: 1.579 mean: 1.273 median: 0.988 low: 0.386 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 7.609 | |
| Cost Of Debt | 1.097 % | |
| Interest Coverage Ratio | 6.02 | |
| Interest Coverage Ratio QoQ | -86.001 % | |
| Interest Coverage Ratio YoY | 163.581 % | |
| Interest Coverage Ratio IPRWA | high: 27.065 median: 12.303 mean: 11.412 HLIO: 6.02 low: -8.863 |
|
| Operating Cash Flow Ratio | 0.149 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 52.995 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | 6.567 | |
| Dividend Payout Ratio | 0.152 | |
| Dividend Rate | $ 0.09 | |
| Dividend Yield | 0.001 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | -0.185 % | |
| Revenue Growth | 8.349 % | |
| Revenue Growth QoQ | -293.622 % | |
| Revenue Growth YoY | -6.338 % | |
| Revenue Growth IPRWA | high: 32.351 % HLIO: 8.349 % mean: -0.119 % median: -1.881 % low: -18.704 % |
|
| Earnings Growth | -1.235 % | |
| Earnings Growth QoQ | -109.88 % | |
| Earnings Growth YoY | -103.705 % | |
| Earnings Growth IPRWA | high: 63.83 % HLIO: -1.235 % mean: -2.129 % median: -2.206 % low: -120.755 % |
|
| MARGINS | ||
| Gross Margin | 32.793 % | |
| Gross Margin QoQ | -2.5 % | |
| Gross Margin YoY | 7.03 % | |
| Gross Margin IPRWA | high: 54.689 % mean: 40.834 % median: 38.865 % HLIO: 32.793 % low: 9.519 % |
|
| EBIT Margin | 13.441 % | |
| EBIT Margin QoQ | 9.821 % | |
| EBIT Margin YoY | 55.477 % | |
| EBIT Margin IPRWA | high: 28.027 % median: 22.202 % mean: 20.458 % HLIO: 13.441 % low: -41.205 % |
|
| Return On Sales (ROS) | 13.091 % | |
| Return On Sales QoQ | 7.374 % | |
| Return On Sales YoY | 51.429 % | |
| Return On Sales IPRWA | high: 25.507 % median: 20.653 % mean: 19.772 % HLIO: 13.091 % low: -12.902 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 16.3 M | |
| Free Cash Flow Yield | 0.735 % | |
| Free Cash Flow Yield QoQ | -59.482 % | |
| Free Cash Flow Yield YoY | -33.604 % | |
| Free Cash Flow Yield IPRWA | high: 4.307 % HLIO: 0.735 % median: 0.683 % mean: 0.592 % low: -12.317 % |
|
| Free Cash Growth | -58.098 % | |
| Free Cash Growth QoQ | -152.687 % | |
| Free Cash Growth YoY | 4.425 % | |
| Free Cash Growth IPRWA | high: 259.626 % mean: -28.448 % median: -38.462 % HLIO: -58.098 % low: -315.183 % |
|
| Free Cash To Net Income | 0.827 | |
| Cash Flow Margin | 9.764 % | |
| Cash Flow To Earnings | 1.132 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | 1.302 % | |
| Return On Assets QoQ | 2.52 % | |
| Return On Assets YoY | 170.124 % | |
| Return On Assets IPRWA | high: 4.739 % median: 2.955 % mean: 2.682 % HLIO: 1.302 % low: -7.277 % |
|
| Return On Capital Employed (ROCE) | 2.254 % | |
| Return On Equity (ROE) | 0.021 | |
| Return On Equity QoQ | 0.526 % | |
| Return On Equity YoY | 154.106 % | |
| Return On Equity IPRWA | high: 0.12 mean: 0.043 median: 0.043 HLIO: 0.021 low: -0.071 |
|
| DuPont ROE | 2.109 % | |
| Return On Invested Capital (ROIC) | 1.839 % | |
| Return On Invested Capital QoQ | 19.649 % | |
| Return On Invested Capital YoY | 85.196 % | |
| Return On Invested Capital IPRWA | high: 6.673 % median: 4.068 % mean: 3.812 % HLIO: 1.839 % low: -5.527 % |
|