Technical Analysis
ADX at 34.74 indicates a strong directional environment supporting a pronounced move rather than choppiness; that strength lends credibility to momentum-based reversals in the coming weeks.
DI+ registered a dip-and-reversal, a bullish directional read that signals renewed upside pressure. DI- produced a peak-and-reversal, also a bullish read since DI- turning lower removes prior downside dominance. Together, those trend signals favor a short-to-intermediate uptick in directional bias.
MACD sits negative at -1.37 yet shows a dip-and-reversal, which implies bearish momentum has slowed and momentum may shift upward even while the oscillator remains below zero. MACD equals its signal line, so no confirmed crossover occurred; momentum improvement appears constructive but not yet fully confirmed by a signal-line cross.
MRO reads -0.24, placing the price modestly below a model target and indicating potential upward pressure as the oscillator reverses. The MRO dip-and-reversal therefore aligns with momentum measures that favor a corrective advance toward valuation anchors.
RSI at 35.94 completed a dip-and-reversal from oversold territory, suggesting short-term buying interest as downside momentum eases. Price sits near the lower Bollinger band ($29.71 lower 1x), which supports the case for a mean-reversion attempt toward the $32–$34 short-band area.
Price relationships remain mixed: the close at $30.63 trades below the 20-day average $31.20, 50-day average $34.52, and 200-day average $36.91, while the 12-day EMA trending downward indicates the short-term trend carried recent weakness. Volume at 752,710 runs above the 10-day average (551,243) and 200-day average (436,434), signaling higher participation on the recent price base and validating the observed technical reversals.
Fundamental Analysis
Profitability shows material improvement: EBIT margin stands at 6.83% with QoQ expansion of +59.64% and YoY improvement of +49.48%, reflecting stronger operating leverage. Operating margin registers 5.86% with QoQ +36.85% and YoY +28.14%, reinforcing a sequential recovery in core margins.
Net income reached $22,208,000 while EBIT produced $24,975,000 and EBITDA $43,711,000, all indicating operating cash generation; operating cash flow equals $62,279,000 and free cash flow reached $41,906,000. Free cash flow yield calculates to 5.04%, above the industry peer mean of 0.99%, providing relative cash-return strength versus peers.
Revenue totaled $365,597,000. Revenue growth registered 5.07% on the aggregate measure, with YoY revenue growth reading 35.68%, signaling meaningful top-line expansion on a year-over-year basis alongside more modest period-to-period change.
Earnings metrics show a beat: EPS actual $0.97 versus estimate $0.72, a $0.25 beat representing a +34.72% surprise. Reported earnings growth stands at +64.41% overall with QoQ jump of +152.26%, although the YoY earnings growth figure reports -48.47%, so timing and base effects shape the headline numbers; treat each percentage relative to its labeled period.
Leverage and liquidity present contrasts. Total debt equals $477,659,000 producing debt-to-EBITDA of 10.93x and debt-to-equity of 1.24x; interest coverage at 19.63x provides ample coverage on current earnings. Current ratio at 0.38 and quick ratio at 0.32 sit well below the industry peer mean current ratio of 1.02, indicating lean short-term liquidity and negative net working capital driven by $117,392,000 in net working capital shortfall.
Valuation multiples show elevated forward expectations versus trailing results: trailing P/E about 42.12 and forward P/E near 109.03, while price-to-book sits at 2.15. Enterprise value totals $1,283,623,793 with an enterprise multiple of 29.37. WMDST values the stock as under-valued, a valuation judgment that takes the company’s improving margins, positive free cash flow yield, and current market price into account.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-06-30 |
| REPORT DATE: | 2025-07-31 |
| NEXT REPORT DATE: | 2025-10-30 |
| CASH FLOW | Begin Period Cash Flow | $ 19.0 M |
| Operating Cash Flow | $ 62.3 M | |
| Capital Expenditures | $ -20.37 M | |
| Change In Working Capital | $ 11.2 M | |
| Dividends Paid | — | |
| Cash Flow Delta | $ 7.0 M | |
| End Period Cash Flow | $ 26.0 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 365.6 M | |
| Forward Revenue | $ 34.2 M | |
| COSTS | ||
| Cost Of Revenue | $ 303.5 M | |
| Depreciation | $ 18.7 M | |
| Depreciation and Amortization | $ 18.7 M | |
| Research and Development | — | |
| Total Operating Expenses | $ 344.2 M | |
| PROFITABILITY | ||
| Gross Profit | $ 62.1 M | |
| EBITDA | $ 43.7 M | |
| EBIT | $ 25.0 M | |
| Operating Income | $ 21.4 M | |
| Interest Income | — | |
| Interest Expense | $ 1.3 M | |
| Net Interest Income | $ -1.27 M | |
| Income Before Tax | $ 23.7 M | |
| Tax Provision | $ 1.5 M | |
| Tax Rate | 6.307 % | |
| Net Income | $ 22.2 M | |
| Net Income From Continuing Operations | $ 22.2 M | |
| EARNINGS | ||
| EPS Estimate | $ 0.72 | |
| EPS Actual | $ 0.97 | |
| EPS Difference | $ 0.25 | |
| EPS Surprise | 34.722 % | |
| Forward EPS | $ 0.38 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 1.0 B | |
| Intangible Assets | $ 4.7 M | |
| Net Tangible Assets | $ 381.9 M | |
| Total Current Assets | $ 72.6 M | |
| Cash and Short-Term Investments | $ 26.0 M | |
| Cash | $ 26.0 M | |
| Net Receivables | $ 17.9 M | |
| Inventory | $ 12.5 M | |
| Long-Term Investments | $ 43.6 M | |
| LIABILITIES | ||
| Accounts Payable | $ 50.0 M | |
| Short-Term Debt | — | |
| Total Current Liabilities | $ 190.0 M | |
| Net Debt | $ 34.5 M | |
| Total Debt | $ 477.7 M | |
| Total Liabilities | $ 638.7 M | |
| EQUITY | ||
| Total Equity | $ 386.6 M | |
| Retained Earnings | $ 313.4 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 17.43 | |
| Shares Outstanding | 22.181 M | |
| Revenue Per-Share | $ 16.48 | |
| VALUATION | Market Capitalization | $ 831.9 M |
| Enterprise Value | $ 1.3 B | |
| Enterprise Multiple | 29.366 | |
| Enterprise Multiple QoQ | -22.132 % | |
| Enterprise Multiple YoY | 15.87 % | |
| Enterprise Multiple IPRWA | high: 115.782 mean: 73.869 median: 71.611 BJRI: 29.366 low: -56.203 |
|
| EV/R | 3.511 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 2.652 | |
| Asset To Liability | 1.605 | |
| Debt To Capital | 0.553 | |
| Debt To Assets | 0.466 | |
| Debt To Assets QoQ | -6.205 % | |
| Debt To Assets YoY | 653.518 % | |
| Debt To Assets IPRWA | high: 1.647 median: 0.724 mean: 0.699 BJRI: 0.466 low: 0.002 |
|
| Debt To Equity | 1.236 | |
| Debt To Equity QoQ | -9.389 % | |
| Debt To Equity YoY | 639.733 % | |
| Debt To Equity IPRWA | high: 10.498 BJRI: 1.236 median: -1.551 mean: -4.619 low: -20.242 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 2.152 | |
| Price To Book QoQ | 4.752 % | |
| Price To Book YoY | 1.773 % | |
| Price To Book IPRWA | high: 19.124 median: 3.747 BJRI: 2.152 mean: -0.316 low: -25.016 |
|
| Price To Earnings (P/E) | 42.119 | |
| Price To Earnings QoQ | -26.947 % | |
| Price To Earnings YoY | -14.145 % | |
| Price To Earnings IPRWA | high: 289.09 mean: 101.265 median: 95.392 BJRI: 42.119 low: -27.296 |
|
| PE/G Ratio | 0.654 | |
| Price To Sales (P/S) | 2.276 | |
| Price To Sales QoQ | 3.751 % | |
| Price To Sales YoY | -2.57 % | |
| Price To Sales IPRWA | high: 31.824 mean: 18.35 median: 16.293 BJRI: 2.276 low: 0.286 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 109.028 | |
| Forward PE/G | 1.693 | |
| Forward P/S | 24.302 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 13.375 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.358 | |
| Asset Turnover Ratio QoQ | 5.878 % | |
| Asset Turnover Ratio YoY | 6.725 % | |
| Asset Turnover Ratio IPRWA | high: 0.621 BJRI: 0.358 mean: 0.199 median: 0.147 low: 0.02 |
|
| Receivables Turnover | 21.354 | |
| Receivables Turnover Ratio QoQ | -11.541 % | |
| Receivables Turnover Ratio YoY | -6.082 % | |
| Receivables Turnover Ratio IPRWA | high: 42.739 BJRI: 21.354 mean: 8.249 median: 4.375 low: 0.692 |
|
| Inventory Turnover | 24.451 | |
| Inventory Turnover Ratio QoQ | 5.057 % | |
| Inventory Turnover Ratio YoY | 11.308 % | |
| Inventory Turnover Ratio IPRWA | high: 63.048 median: 54.358 mean: 37.396 BJRI: 24.451 low: 0.492 |
|
| Days Sales Outstanding (DSO) | 4.273 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | -2.829 | |
| Cash Conversion Cycle Days QoQ | -18.248 % | |
| Cash Conversion Cycle Days YoY | -65.058 % | |
| Cash Conversion Cycle Days IPRWA | high: 60.416 median: 4.8 mean: 2.187 BJRI: -2.829 low: -59.918 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | -3.114 | |
| CapEx To Revenue | -0.056 | |
| CapEx To Depreciation | -1.087 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 447.1 M | |
| Net Invested Capital | $ 447.1 M | |
| Invested Capital | $ 447.1 M | |
| Net Tangible Assets | $ 381.9 M | |
| Net Working Capital | $ -117.39 M | |
| LIQUIDITY | ||
| Cash Ratio | 0.137 | |
| Current Ratio | 0.382 | |
| Current Ratio QoQ | -1.958 % | |
| Current Ratio YoY | 9.261 % | |
| Current Ratio IPRWA | high: 2.698 mean: 1.018 median: 1.012 BJRI: 0.382 low: 0.137 |
|
| Quick Ratio | 0.316 | |
| Quick Ratio QoQ | 0.601 % | |
| Quick Ratio YoY | 16.435 % | |
| Quick Ratio IPRWA | high: 2.654 median: 1.178 mean: 1.042 BJRI: 0.316 low: 0.106 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 10.928 | |
| Cost Of Debt | 0.242 % | |
| Interest Coverage Ratio | 19.634 | |
| Interest Coverage Ratio QoQ | 62.203 % | |
| Interest Coverage Ratio YoY | 54.566 % | |
| Interest Coverage Ratio IPRWA | high: 46.029 BJRI: 19.634 mean: 8.998 median: 6.755 low: -26.646 |
|
| Operating Cash Flow Ratio | 0.362 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 10.976 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | — | |
| Dividend Payout Ratio | — | |
| Dividend Rate | — | |
| Dividend Yield | — | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 0.529 % | |
| Revenue Growth | 5.065 % | |
| Revenue Growth QoQ | 380.095 % | |
| Revenue Growth YoY | 35.682 % | |
| Revenue Growth IPRWA | high: 52.655 % median: 14.912 % mean: 13.687 % BJRI: 5.065 % low: -34.396 % |
|
| Earnings Growth | 64.407 % | |
| Earnings Growth QoQ | 152.26 % | |
| Earnings Growth YoY | -48.474 % | |
| Earnings Growth IPRWA | high: 214.286 % BJRI: 64.407 % mean: 24.357 % median: 19.476 % low: -246.809 % |
|
| MARGINS | ||
| Gross Margin | 16.991 % | |
| Gross Margin QoQ | 6.36 % | |
| Gross Margin YoY | 9.662 % | |
| Gross Margin IPRWA | high: 82.429 % mean: 42.133 % median: 41.612 % BJRI: 16.991 % low: -15.915 % |
|
| EBIT Margin | 6.831 % | |
| EBIT Margin QoQ | 59.64 % | |
| EBIT Margin YoY | 49.475 % | |
| EBIT Margin IPRWA | high: 47.508 % mean: 26.313 % median: 24.865 % BJRI: 6.831 % low: -17.348 % |
|
| Return On Sales (ROS) | 5.856 % | |
| Return On Sales QoQ | 36.854 % | |
| Return On Sales YoY | 28.14 % | |
| Return On Sales IPRWA | high: 47.655 % mean: 25.714 % median: 24.801 % BJRI: 5.856 % low: -15.426 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 41.9 M | |
| Free Cash Flow Yield | 5.037 % | |
| Free Cash Flow Yield QoQ | -418.797 % | |
| Free Cash Flow Yield YoY | 5496.667 % | |
| Free Cash Flow Yield IPRWA | high: 7.323 % BJRI: 5.037 % mean: 0.99 % median: 0.675 % low: -3.222 % |
|
| Free Cash Growth | -447.422 % | |
| Free Cash Growth QoQ | 153.432 % | |
| Free Cash Growth YoY | -798.42 % | |
| Free Cash Growth IPRWA | high: 178.828 % median: -33.191 % mean: -61.598 % low: -342.665 % BJRI: -447.422 % |
|
| Free Cash To Net Income | 1.887 | |
| Cash Flow Margin | 18.828 % | |
| Cash Flow To Earnings | 3.1 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.03 | |
| Return On Assets (ROA) | 2.172 % | |
| Return On Assets QoQ | 65.928 % | |
| Return On Assets YoY | 32.197 % | |
| Return On Assets IPRWA | high: 7.107 % mean: 2.936 % median: 2.755 % BJRI: 2.172 % low: -4.298 % |
|
| Return On Capital Employed (ROCE) | 2.99 % | |
| Return On Equity (ROE) | 0.057 | |
| Return On Equity QoQ | 58.177 % | |
| Return On Equity YoY | 29.421 % | |
| Return On Equity IPRWA | high: 0.488 BJRI: 0.057 median: 0.037 mean: 0.011 low: -0.628 |
|
| DuPont ROE | 5.859 % | |
| Return On Invested Capital (ROIC) | 5.234 % | |
| Return On Invested Capital QoQ | 62.648 % | |
| Return On Invested Capital YoY | -79.961 % | |
| Return On Invested Capital IPRWA | high: 16.565 % mean: 7.209 % median: 6.805 % BJRI: 5.234 % low: -8.237 % |
|