Recent News
On July 1, 2026 the company disclosed the divestiture of Moving.com and its AI unit MoveAI to National Holding Company as part of a portfolio reshaping effort. Multiple Form 8-K filings through August and September confirm active execution under the previously authorized $1.0 billion repurchase program and routine corporate disclosures in late August and early September.
Technical Analysis
Directional indicators show an emerging-to-strong trending environment: ADX reads 25.37, indicating a trend with strength. DI+ at 25.43 has turned lower, and DI- shows a dip-and-reverse pattern; both point to increased downside pressure that could slow or cap short-term upside despite the company’s improving underlying profitability.
MACD sits below its signal line (MACD 0.20 vs signal 0.37) and the MACD trend is decreasing, representing bearish momentum that weighs on near-term price continuation unless the MACD turns higher or crosses above the signal line.
MRO registers -4.5 with a peak-and-reversal read, signaling the current price sits below the WMDST target and implying potential mean-reversion upside if selling pressure eases; magnitude suggests modest reversion potential rather than a large impulse move.
RSI at 55.32 with a peak-and-reversal read indicates waning short-term momentum from recent highs, consistent with the MACD and DI readings and implying consolidation around current levels before a definitive directional breakout.
Price sits beneath the 20-day average ($30.00) at $29.25, yet above the 50-day ($29.13) and 200-day ($26.34) averages. That structure implies short-term softness overlaying a longer-term constructive base, which aligns with the valuation designation that assigns an intrinsic undervaluation relative to peers.
Fundamental Analysis
Profitability and cash generation provide the primary fundamental narrative. Operating (EBIT) margin equals 12.62%, below the industry peer mean of 14.82% but within the peer range; the margin improved QoQ by 24.81% and YoY by 31.79%, signaling material operational leverage benefits year-over-year. EBIT totals $295,000,000 and EBITDA totals $423,000,000 for the period ending 2026-06-30 (report dated 2026-08-05).
Revenue totaled $2,337,000,000 with YoY revenue growth of 39.76% and a QoQ revenue change of -192.83% as reported; the YoY gain highlights scale expansion in core segments, while the QoQ figure indicates quarter-to-quarter timing variation in revenue recognition that merits monitoring over the next quarters.
Earnings per share came in at $0.35 versus an estimate of $0.23, producing an EPS surprise of +52.17%, supporting the improvement in reported operating margins and free-cash-flow generation. Free cash flow equals $282,000,000 with a free-cash-flow yield of 1.94%, above the industry peer mean of 0.92%.
Balance sheet metrics remain conservative: total debt stands at $2,915,000,000 with debt-to-equity of 34.19%, below the industry peer mean of 97.47%, and an interest-coverage ratio of ~98x, indicating ample coverage of interest obligations. Cash and short-term investments equal $2,095,000,000 and the cash ratio sits at 0.76, supporting liquidity through buybacks and operating cycles.
Valuation multiples present a mixed view: reported P/E equals 76.42 and price-to-book sits at 1.70, slightly below the industry peer mean of 1.74; price-to-sales equals 6.22, above the industry peer mean of 5.41. The forward PEG of ~1.03 and forward P/E of ~68.76 reflect expected earnings growth but leave little margin for negative surprises.
WMDST values the stock as under-valued based on the combination of improving margins, healthy cash flow conversion, and a conservative balance sheet, but elevated current multiples and compressed short-term momentum require confirmation from subsequent operational cadence and cash-flow trends.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2026-06-30 |
| REPORT DATE: | 2026-08-05 |
| NEXT REPORT DATE: | 2026-11-04 |
| CASH FLOW | Begin Period Cash Flow | $ 2.2 B |
| Operating Cash Flow | $ 428.0 M | |
| Capital Expenditures | $ -146.00 M | |
| Change In Working Capital | $ 83.0 M | |
| Dividends Paid | $ -55.00 M | |
| Cash Flow Delta | $ -76.00 M | |
| End Period Cash Flow | $ 2.1 B | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 2.3 B | |
| Forward Revenue | $ 670.2 M | |
| COSTS | ||
| Cost Of Revenue | — | |
| Depreciation | $ 128.0 M | |
| Depreciation and Amortization | $ 128.0 M | |
| Research and Development | — | |
| Total Operating Expenses | $ 2.0 B | |
| PROFITABILITY | ||
| Gross Profit | — | |
| EBITDA | $ 423.0 M | |
| EBIT | $ 295.0 M | |
| Operating Income | $ 295.0 M | |
| Interest Income | — | |
| Interest Expense | — | |
| Net Interest Income | $ 9.0 M | |
| Income Before Tax | $ 278.0 M | |
| Tax Provision | $ 48.0 M | |
| Tax Rate | 17.266 % | |
| Net Income | $ 179.0 M | |
| Net Income From Continuing Operations | $ 230.0 M | |
| EARNINGS | ||
| EPS Estimate | $ 0.23 | |
| EPS Actual | $ 0.35 | |
| EPS Difference | $ 0.12 | |
| EPS Surprise | 52.174 % | |
| Forward EPS | $ 0.38 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 15.5 B | |
| Intangible Assets | $ 6.4 B | |
| Net Tangible Assets | $ 2.1 B | |
| Total Current Assets | $ 4.5 B | |
| Cash and Short-Term Investments | $ 2.1 B | |
| Cash | $ 2.1 B | |
| Net Receivables | $ 1.8 B | |
| Inventory | $ 302.0 M | |
| Long-Term Investments | $ 143.0 M | |
| LIABILITIES | ||
| Accounts Payable | $ 412.0 M | |
| Short-Term Debt | — | |
| Total Current Liabilities | $ 2.8 B | |
| Net Debt | — | |
| Total Debt | $ 2.9 B | |
| Total Liabilities | $ 6.3 B | |
| EQUITY | ||
| Total Equity | $ 8.5 B | |
| Retained Earnings | $ -312.00 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 15.70 | |
| Shares Outstanding | 543.331 M | |
| Revenue Per-Share | $ 4.30 | |
| VALUATION | Market Capitalization | $ 14.5 B |
| Enterprise Value | $ 15.3 B | |
| Enterprise Multiple | 36.283 | |
| Enterprise Multiple QoQ | -15.088 % | |
| Enterprise Multiple YoY | -31.247 % | |
| Enterprise Multiple IPRWA | high: 57.419 NWSA: 36.283 mean: 23.025 median: 22.562 low: -25.092 |
|
| EV/R | 6.567 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 1.823 | |
| Asset To Liability | 2.464 | |
| Debt To Capital | 0.255 | |
| Debt To Assets | 0.188 | |
| Debt To Assets QoQ | -0.657 % | |
| Debt To Assets YoY | -1.107 % | |
| Debt To Assets IPRWA | high: 1.188 median: 0.372 mean: 0.367 NWSA: 0.188 low: 0.046 |
|
| Debt To Equity | 0.342 | |
| Debt To Equity QoQ | 0.199 % | |
| Debt To Equity YoY | 2.035 % | |
| Debt To Equity IPRWA | high: 9.354 mean: 0.975 median: 0.862 NWSA: 0.342 low: -13.23 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 1.704 | |
| Price To Book QoQ | 5.239 % | |
| Price To Book YoY | -9.149 % | |
| Price To Book IPRWA | high: 5.89 median: 1.892 mean: 1.735 NWSA: 1.704 low: -0.936 |
|
| Price To Earnings (P/E) | 76.419 | |
| Price To Earnings QoQ | -36.466 % | |
| Price To Earnings YoY | -49.552 % | |
| Price To Earnings IPRWA | high: 108.202 NWSA: 76.419 mean: 3.747 median: -2.948 low: -37.403 |
|
| PE/G Ratio | 1.146 | |
| Price To Sales (P/S) | 6.216 | |
| Price To Sales QoQ | -2.271 % | |
| Price To Sales YoY | -20.33 % | |
| Price To Sales IPRWA | high: 15.818 NWSA: 6.216 mean: 5.409 median: 5.222 low: 0.265 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 68.76 | |
| Forward PE/G | 1.031 | |
| Forward P/S | 21.86 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 4.813 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.15 | |
| Asset Turnover Ratio QoQ | 6.837 % | |
| Asset Turnover Ratio YoY | 14.46 % | |
| Asset Turnover Ratio IPRWA | high: 0.271 NWSA: 0.15 mean: 0.077 low: 0.062 median: 0.062 |
|
| Receivables Turnover | 1.322 | |
| Receivables Turnover Ratio QoQ | 11.102 % | |
| Receivables Turnover Ratio YoY | -2.794 % | |
| Receivables Turnover Ratio IPRWA | high: 3.778 median: 2.62 mean: 2.476 NWSA: 1.322 low: 0.884 |
|
| Inventory Turnover | — | |
| Inventory Turnover Ratio QoQ | — | |
| Inventory Turnover Ratio YoY | — | |
| Inventory Turnover Ratio IPRWA | — | |
| Days Sales Outstanding (DSO) | 69.013 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 69.013 | |
| Cash Conversion Cycle Days QoQ | -9.992 % | |
| Cash Conversion Cycle Days YoY | — | |
| Cash Conversion Cycle Days IPRWA | high: 129.867 NWSA: 69.013 mean: -84.571 low: -110.02 median: -110.02 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 1.358 | |
| CapEx To Revenue | -0.062 | |
| CapEx To Depreciation | -1.141 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 10.5 B | |
| Net Invested Capital | $ 10.5 B | |
| Invested Capital | $ 10.5 B | |
| Net Tangible Assets | $ 2.1 B | |
| Net Working Capital | $ 1.7 B | |
| LIQUIDITY | ||
| Cash Ratio | 0.759 | |
| Current Ratio | 1.623 | |
| Current Ratio QoQ | -4.636 % | |
| Current Ratio YoY | -12.001 % | |
| Current Ratio IPRWA | high: 3.169 median: 2.399 mean: 2.125 NWSA: 1.623 low: 0.361 |
|
| Quick Ratio | 1.514 | |
| Quick Ratio QoQ | -4.759 % | |
| Quick Ratio YoY | -11.946 % | |
| Quick Ratio IPRWA | high: 2.987 mean: 2.392 median: 2.379 NWSA: 1.514 low: 0.779 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 6.891 | |
| Cost Of Debt | 0.085 % | |
| Interest Coverage Ratio | 98.333 | |
| Interest Coverage Ratio QoQ | 33.484 % | |
| Interest Coverage Ratio YoY | 46.04 % | |
| Interest Coverage Ratio IPRWA | NWSA: 98.333 high: 62.642 mean: 1.904 median: 1.179 low: -62.362 |
|
| Operating Cash Flow Ratio | 0.129 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | — | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | 3.255 | |
| Dividend Payout Ratio | 0.307 | |
| Dividend Rate | $ 0.10 | |
| Dividend Yield | 0.004 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 0.18 % | |
| Revenue Growth | 6.957 % | |
| Revenue Growth QoQ | -192.834 % | |
| Revenue Growth YoY | 39.755 % | |
| Revenue Growth IPRWA | high: 17.166 % NWSA: 6.957 % mean: -1.265 % median: -1.541 % low: -11.656 % |
|
| Earnings Growth | 66.667 % | |
| Earnings Growth QoQ | -240.352 % | |
| Earnings Growth YoY | 1099.91 % | |
| Earnings Growth IPRWA | high: 150.0 % NWSA: 66.667 % mean: -116.478 % low: -148.718 % median: -148.718 % |
|
| MARGINS | ||
| Gross Margin | — | |
| Gross Margin QoQ | — | |
| Gross Margin YoY | — | |
| Gross Margin IPRWA | — | |
| EBIT Margin | 12.623 % | |
| EBIT Margin QoQ | 24.807 % | |
| EBIT Margin YoY | 31.792 % | |
| EBIT Margin IPRWA | high: 26.486 % mean: 14.823 % median: 14.692 % NWSA: 12.623 % low: -28.139 % |
|
| Return On Sales (ROS) | 12.623 % | |
| Return On Sales QoQ | 24.807 % | |
| Return On Sales YoY | 31.792 % | |
| Return On Sales IPRWA | high: 25.736 % NWSA: 12.623 % mean: 12.5 % median: 11.698 % low: -28.417 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 282.0 M | |
| Free Cash Flow Yield | 1.941 % | |
| Free Cash Flow Yield QoQ | -31.365 % | |
| Free Cash Flow Yield YoY | -355.395 % | |
| Free Cash Flow Yield IPRWA | high: 14.56 % NWSA: 1.941 % mean: 0.924 % median: 0.241 % low: -42.628 % |
|
| Free Cash Growth | -28.244 % | |
| Free Cash Growth QoQ | -115.115 % | |
| Free Cash Growth YoY | -76.8 % | |
| Free Cash Growth IPRWA | high: 203.877 % median: 11.603 % mean: -5.553 % NWSA: -28.244 % low: -611.335 % |
|
| Free Cash To Net Income | 1.575 | |
| Cash Flow Margin | 15.276 % | |
| Cash Flow To Earnings | 1.994 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | 1.153 % | |
| Return On Assets QoQ | 100.871 % | |
| Return On Assets YoY | -75.108 % | |
| Return On Assets IPRWA | high: 3.197 % NWSA: 1.153 % mean: 0.141 % median: -0.215 % low: -7.401 % |
|
| Return On Capital Employed (ROCE) | 2.308 % | |
| Return On Equity (ROE) | 0.021 | |
| Return On Equity QoQ | 102.411 % | |
| Return On Equity YoY | -75.213 % | |
| Return On Equity IPRWA | high: 0.076 NWSA: 0.021 mean: 0.004 median: -0.005 low: -0.434 |
|
| DuPont ROE | 2.092 % | |
| Return On Invested Capital (ROIC) | 2.321 % | |
| Return On Invested Capital QoQ | 73.468 % | |
| Return On Invested Capital YoY | 86.426 % | |
| Return On Invested Capital IPRWA | high: 9.834 % NWSA: 2.321 % mean: 1.034 % median: 0.69 % low: -14.07 % |
|