Recent News
On July 14, 2025 the company announced the date for its second-quarter 2025 results release, scheduled for July 31, 2025. On July 30, 2025 the firm published a corporate update highlighting recent integration activity including the addition of J.M. Wilson to RT Binding Authority.
Technical Analysis
ADX at 32.71 indicates a strong trend environment; with DI+ increasing to 16.91 while DI- declines to 29.42, directional indicators favor a bullish bias relative to the current valuation and short-term price recovery.
MACD sits negative at -1.57 but has been increasing and currently trades above its signal line at -1.88; that bullish MACD cross implies improving momentum that supports the margin-positive fundamentals.
MRO at -34.22 remains negative while trending higher, which implies price sits below the model target and carries measurable upside potential toward valuation-normalizing levels.
RSI at 37.63 and rising suggests the stock recently left oversold territory and retains room to advance before reaching overbought levels, aligning with the observed short-term momentum pickup.
Price relationships show the $54.48 close below the 200‑day average of $65.48 but above the 20‑day average of $53.06; the 12‑day EMA registered a dip-and-reversal, consistent with short-term recovery within a longer-term downtrend. Price touches the 1x Bollinger upper band near $54.45, and the super trend upper band at $54.78 sits just above the close, framing near-term resistance and upside limits.
Volume today of 1,636,567 falls below the 10‑day average of 2,454,196 yet above the 200‑day average of 1,127,644; lower recent participation contrasts with the momentum signals and warrants watching for volume confirmation on further advances.
Fundamental Analysis
Quarterly results for the period ending June 30, 2025 reported total revenue of $855,170,000 and adjusted diluted EPS of $0.66, representing a modest beat versus the $0.65 estimate. The company also declared a regular quarterly dividend of $0.12 per share on July 31, 2025.
Revenue growth measures show a YoY expansion consistent with the quarter: reported revenue rose approximately 23.0% year-over-year, while the provided revenue growth metric registers at 23.908%. Operating performance produced EBIT of $196,065,000 and an EBIT margin of 22.927%; that margin sits slightly below the industry peer mean of 23.019% and above the industry peer median of 22.022%.
Margin dynamics reflect a notable QoQ improvement: EBIT margin QoQ increased by 49.918%, while EBIT margin YoY declined by 5.013%; the QoQ gain aligns with adjusted EBITDAC growth reported for the quarter.
Profitability and return metrics show return on equity at 8.519% and return on assets at 0.507%, with return on invested capital at 4.349%; these returns compare favorably against several industry peers’ central tendencies for return on invested capital but stay below the highest peer benchmarks.
Cash generation carries prominence: free cash flow totaled $333,769,000 and free cash flow yield measured 4.211%, which exceeds the industry peer mean of 0.761% and the peer high of 2.721%, indicating relatively strong FCF conversion against peers.
Leverage presents as a structural consideration. Debt-to-assets stands at 34.378%, modestly above the industry peer mean of 29.202% and close to the industry peer median. Debt-to-equity registers at 5.9876 (598.76% when expressed as a percentage), which exceeds the industry peer high of 4.32476; report figures show outstanding debt principal near $3.5 billion and cash and short-term investments of $172.6 million as of June 30, 2025.
Valuation metrics present mixed signals. Price-to-book at 12.99 sits above the industry peer high of 10.00; price-to-earnings at 101.14 falls below the industry peer mean of 127.06 and slightly below the industry peer median of 103.15. WMDST values the stock as under-valued, a view that reflects the combination of above-average free cash flow yield, mid‑teens operational margins, and the company’s near-term margin expansion trajectory.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-06-30 |
| REPORT DATE: | 2025-07-31 |
| NEXT REPORT DATE: | 2025-10-29 |
| CASH FLOW | Begin Period Cash Flow | $ 1.3 B |
| Operating Cash Flow | $ 353.6 M | |
| Capital Expenditures | $ -19.82 M | |
| Change In Working Capital | $ 117.8 M | |
| Dividends Paid | $ -15.44 M | |
| Cash Flow Delta | $ 206.9 M | |
| End Period Cash Flow | $ 1.5 B | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 855.2 M | |
| Forward Revenue | $ 288.9 M | |
| COSTS | ||
| Cost Of Revenue | — | |
| Depreciation | $ 2.9 M | |
| Depreciation and Amortization | $ 72.6 M | |
| Research and Development | — | |
| Total Operating Expenses | $ 717.4 M | |
| PROFITABILITY | ||
| Gross Profit | — | |
| EBITDA | — | |
| EBIT | $ 196.1 M | |
| Operating Income | — | |
| Interest Income | — | |
| Interest Expense | $ 58.3 M | |
| Net Interest Income | $ -58.33 M | |
| Income Before Tax | $ 137.7 M | |
| Tax Provision | $ 13.0 M | |
| Tax Rate | 9.6 % | |
| Net Income | $ 52.0 M | |
| Net Income From Continuing Operations | $ 124.7 M | |
| EARNINGS | ||
| EPS Estimate | $ 0.65 | |
| EPS Actual | $ 0.66 | |
| EPS Difference | $ 0.01 | |
| EPS Surprise | 1.538 % | |
| Forward EPS | $ 0.55 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 10.6 B | |
| Intangible Assets | $ 4.7 B | |
| Net Tangible Assets | $ -4.11 B | |
| Total Current Assets | — | |
| Cash and Short-Term Investments | $ 172.6 M | |
| Cash | $ 172.6 M | |
| Net Receivables | $ 975.0 K | |
| Inventory | — | |
| Long-Term Investments | — | |
| LIABILITIES | ||
| Accounts Payable | — | |
| Short-Term Debt | $ 61.7 M | |
| Total Current Liabilities | — | |
| Net Debt | $ 3.3 B | |
| Total Debt | $ 3.7 B | |
| Total Liabilities | $ 9.4 B | |
| EQUITY | ||
| Total Equity | $ 610.1 M | |
| Retained Earnings | $ 115.4 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 4.80 | |
| Shares Outstanding | 127.108 M | |
| Revenue Per-Share | $ 6.73 | |
| VALUATION | Market Capitalization | $ 7.9 B |
| Enterprise Value | $ 11.4 B | |
| Enterprise Multiple | — | |
| Enterprise Multiple QoQ | — | |
| Enterprise Multiple YoY | — | |
| Enterprise Multiple IPRWA | — | |
| EV/R | 13.337 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 17.417 | |
| Asset To Liability | 1.125 | |
| Debt To Capital | 0.857 | |
| Debt To Assets | 0.344 | |
| Debt To Assets QoQ | -12.077 % | |
| Debt To Assets YoY | 8516.04 % | |
| Debt To Assets IPRWA | high: 0.804 RYAN: 0.344 median: 0.337 mean: 0.292 low: 0.013 |
|
| Debt To Equity | 5.988 | |
| Debt To Equity QoQ | -15.998 % | |
| Debt To Equity YoY | 10898.494 % | |
| Debt To Equity IPRWA | RYAN: 5.988 high: 4.325 median: 1.371 mean: 1.264 low: 0.019 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 12.99 | |
| Price To Book QoQ | -19.376 % | |
| Price To Book YoY | 17.962 % | |
| Price To Book IPRWA | RYAN: 12.99 high: 10.002 median: 6.587 mean: 5.992 low: 0.141 |
|
| Price To Earnings (P/E) | 101.141 | |
| Price To Earnings QoQ | -43.127 % | |
| Price To Earnings YoY | 4.928 % | |
| Price To Earnings IPRWA | high: 227.166 mean: 127.057 median: 103.153 RYAN: 101.141 low: -111.006 |
|
| PE/G Ratio | 1.461 | |
| Price To Sales (P/S) | 9.267 | |
| Price To Sales QoQ | -26.828 % | |
| Price To Sales YoY | -3.4 % | |
| Price To Sales IPRWA | high: 28.058 mean: 19.137 median: 18.88 RYAN: 9.267 low: 1.133 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 123.929 | |
| Forward PE/G | 1.79 | |
| Forward P/S | 27.436 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 3.587 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.083 | |
| Asset Turnover Ratio QoQ | 18.021 % | |
| Asset Turnover Ratio YoY | -7.756 % | |
| Asset Turnover Ratio IPRWA | high: 0.661 mean: 0.087 RYAN: 0.083 median: 0.08 low: 0.042 |
|
| Receivables Turnover | 698.098 | |
| Receivables Turnover Ratio QoQ | 993.929 % | |
| Receivables Turnover Ratio YoY | 364861.292 % | |
| Receivables Turnover Ratio IPRWA | RYAN: 698.098 high: 6.234 mean: 0.949 median: 0.872 low: 0.696 |
|
| Inventory Turnover | — | |
| Inventory Turnover Ratio QoQ | — | |
| Inventory Turnover Ratio YoY | — | |
| Inventory Turnover Ratio IPRWA | — | |
| Days Sales Outstanding (DSO) | 0.131 | |
| 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 | -0.023 | |
| CapEx To Depreciation | -6.862 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 4.0 B | |
| Net Invested Capital | $ 4.1 B | |
| Invested Capital | $ 4.1 B | |
| Net Tangible Assets | $ -4.11 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 | 1.405 % | |
| Interest Coverage Ratio | 3.361 | |
| Interest Coverage Ratio QoQ | 73.575 % | |
| Interest Coverage Ratio YoY | -37.671 % | |
| Interest Coverage Ratio IPRWA | high: 24.118 median: 5.891 mean: 5.867 RYAN: 3.361 low: -7.498 |
|
| Operating Cash Flow Ratio | — | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | — | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | 3.367 | |
| Dividend Payout Ratio | 0.297 | |
| Dividend Rate | $ 0.12 | |
| Dividend Yield | 0.002 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 7.439 % | |
| Revenue Growth | 23.908 % | |
| Revenue Growth QoQ | 495.615 % | |
| Revenue Growth YoY | -7.958 % | |
| Revenue Growth IPRWA | high: 39.803 % RYAN: 23.908 % mean: -6.842 % median: -9.819 % low: -27.136 % |
|
| Earnings Growth | 69.231 % | |
| Earnings Growth QoQ | -619.245 % | |
| Earnings Growth YoY | 5.352 % | |
| Earnings Growth IPRWA | high: 88.462 % RYAN: 69.231 % median: -20.155 % mean: -29.666 % low: -61.853 % |
|
| MARGINS | ||
| Gross Margin | — | |
| Gross Margin QoQ | — | |
| Gross Margin YoY | — | |
| Gross Margin IPRWA | — | |
| EBIT Margin | 22.927 % | |
| EBIT Margin QoQ | 49.918 % | |
| EBIT Margin YoY | -5.013 % | |
| EBIT Margin IPRWA | high: 29.143 % mean: 23.019 % RYAN: 22.927 % median: 22.022 % low: 3.605 % |
|
| Return On Sales (ROS) | — | |
| Return On Sales QoQ | — | |
| Return On Sales YoY | — | |
| Return On Sales IPRWA | — | |
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 333.8 M | |
| Free Cash Flow Yield | 4.211 % | |
| Free Cash Flow Yield QoQ | -330.74 % | |
| Free Cash Flow Yield YoY | 9.804 % | |
| Free Cash Flow Yield IPRWA | RYAN: 4.211 % high: 2.721 % median: 0.933 % mean: 0.761 % low: -10.38 % |
|
| Free Cash Growth | -309.187 % | |
| Free Cash Growth QoQ | 86.439 % | |
| Free Cash Growth YoY | 1.024 % | |
| Free Cash Growth IPRWA | high: 771.429 % mean: 5.236 % median: -155.18 % RYAN: -309.187 % low: -572.81 % |
|
| Free Cash To Net Income | 6.422 | |
| Cash Flow Margin | 14.621 % | |
| Cash Flow To Earnings | 2.406 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.03 | |
| Return On Assets (ROA) | 0.507 % | |
| Return On Assets QoQ | -279.152 % | |
| Return On Assets YoY | -16.612 % | |
| Return On Assets IPRWA | high: 2.096 % mean: 1.274 % median: 1.11 % RYAN: 0.507 % low: 0.474 % |
|
| Return On Capital Employed (ROCE) | — | |
| Return On Equity (ROE) | 0.085 | |
| Return On Equity QoQ | -267.203 % | |
| Return On Equity YoY | 10.321 % | |
| Return On Equity IPRWA | high: 0.086 RYAN: 0.085 median: 0.074 mean: 0.051 low: -0.066 |
|
| DuPont ROE | 9.019 % | |
| Return On Invested Capital (ROIC) | 4.349 % | |
| Return On Invested Capital QoQ | 190.514 % | |
| Return On Invested Capital YoY | -117.397 % | |
| Return On Invested Capital IPRWA | high: 8.311 % RYAN: 4.349 % median: 3.077 % mean: 2.742 % low: 1.363 % |
|