Recent News
Gartner published its 2025 conference calendar with multiple global events scheduled in August and September, including Security & Risk Management Summit (Aug 5–6, São Paulo), Digital Workplace Summit (Aug 27–28, Tokyo), Application Innovation & Business Solutions Summit (Sep 8–9, London), and several North American and EMEA gatherings through October. These event dates and locations reflect the company’s ongoing conferences cadence for the remainder of 2025.
Technical Analysis
ADX sits at 25.4, indicating an emerging trend strength that supports the idea of a developing directional move; that strength interacts with valuation by suggesting any upside may attract short-term momentum buyers despite lofty multiples.
DI+ stands at 20.82 and trends higher while DI- registers 23.31 and trends lower; DI+ increasing and DI- decreasing together favor bullish directional pressure if the pattern continues, though DI- currently remains slightly above DI+.
MACD reads -2.64 and trends upward with the MACD line above its signal (-6.98), a bullish crossover that signals improving momentum and aligns with potential short-term recovery toward moving averages.
MRO at -16.32 (negative) indicates the price sits below the model target and therefore carries potential to move upward; the MRO trend increasing reinforces the case for mean reversion toward fair-value levels implied by technical averages.
RSI at 37.88 and rising shows momentum still below neutral but improving, consistent with a recovery phase rather than an overbought push; this supports a limited near-term upside while leaving room for further advance before hitting neutral territory.
Price trades at $261.19, above the 20-day average ($253.62) and 12-day EMA ($257.16) but below the 50-day ($268.64) and far below the 200-day ($406.73); this mix implies short-term constructive bias against a longer-term downshift in trend and suggests initial resistance near the 50-day and ichimoku components.
Bollinger bands place the 1x upper band near $263.87 and 1x lower at $243.38; price sitting just below the upper 1x band points to nearby resistance and limited immediate breadth, while the super-trend lower support at $247.06 and the 1x lower band provide nearby downside supports.
Ichimoku cloud levels (Senkou A $294.71, Senkou B $330.54) keep price below the cloud, which continues to indicate longer-term bearish structure despite short-term technical lift; volume currently under 10-day average suggests weaker conviction behind recent moves.
Fundamental Analysis
Revenue totaled $1,686,454,000; revenue growth year-over-year registered 19.742% while revenue growth quarter-over-quarter shows -194.087% (reported as -1.94087). Operating income reached $327,096,000 with an operating margin of 19.395% and an EBIT margin of 19.544%, both above the industry peer mean (EBIT margin industry peer mean ~14.923% and industry peer median ~16.705%), indicating superior margin performance relative to peer central tendencies.
EPS came in at $3.53 versus an estimate of $3.31, producing an EPS surprise of 6.65%. Adjusted metrics and guidance updates accompanied the second-quarter report. The company reported operating cash flow of $383,565,000 and free cash flow of $347,317,000; free cash flow yield stands at 1.405%, modestly above the industry peer mean of 1.182%, and the cash flow margin registers 31.542%, signaling strong cash conversion relative to earnings (cash flow to earnings ~220.9%).
Balance sheet and leverage metrics present constraints: debt-to-EBITDA at 7.29 and debt-to-equity at 180.94% reflect materially higher leverage; year-over-year changes in several leverage ratios show sizable increases (debt-to-assets YoY reported as 2,572.552%), which compresses valuation optionality given the capital structure.
Market multiples sit at a PE of 111.14 and a price-to-book of 16.13, both well above the industry peer means and medians (price-to-book industry peer mean ~4.47; PE industry peer mean ~60.06), indicating that market pricing embeds significant growth and quality premia. WMDST values the stock as over-valued, with high multiples and elevated leverage weighing against a materially higher fair value despite strong margin and cash generation metrics.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-06-30 |
| REPORT DATE: | 2025-08-05 |
| NEXT REPORT DATE: | 2025-11-04 |
| CASH FLOW | Begin Period Cash Flow | $ 2.1 B |
| Operating Cash Flow | $ 383.6 M | |
| Capital Expenditures | $ -36.25 M | |
| Change In Working Capital | $ 41.9 M | |
| Dividends Paid | — | |
| Cash Flow Delta | $ 106.5 M | |
| End Period Cash Flow | $ 2.2 B | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 1.7 B | |
| Forward Revenue | $ 443.5 M | |
| COSTS | ||
| Cost Of Revenue | $ 531.7 M | |
| Depreciation | $ 30.5 M | |
| Depreciation and Amortization | $ 50.7 M | |
| Research and Development | — | |
| Total Operating Expenses | $ 1.4 B | |
| PROFITABILITY | ||
| Gross Profit | $ 1.2 B | |
| EBITDA | $ 380.3 M | |
| EBIT | $ 329.6 M | |
| Operating Income | $ 327.1 M | |
| Interest Income | — | |
| Interest Expense | $ 11.8 M | |
| Net Interest Income | $ -11.80 M | |
| Income Before Tax | $ 317.8 M | |
| Tax Provision | $ 77.0 M | |
| Tax Rate | 24.2 % | |
| Net Income | $ 240.8 M | |
| Net Income From Continuing Operations | $ 240.8 M | |
| EARNINGS | ||
| EPS Estimate | $ 3.31 | |
| EPS Actual | $ 3.53 | |
| EPS Difference | $ 0.22 | |
| EPS Surprise | 6.647 % | |
| Forward EPS | $ 3.30 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 8.3 B | |
| Intangible Assets | $ 3.3 B | |
| Net Tangible Assets | $ -1.78 B | |
| Total Current Assets | $ 4.0 B | |
| Cash and Short-Term Investments | $ 2.2 B | |
| Cash | $ 2.2 B | |
| Net Receivables | $ 1.3 B | |
| Inventory | — | |
| Long-Term Investments | $ 547.7 M | |
| LIABILITIES | ||
| Accounts Payable | — | |
| Short-Term Debt | $ 361.0 K | |
| Total Current Liabilities | $ 3.6 B | |
| Net Debt | $ 264.5 M | |
| Total Debt | $ 2.8 B | |
| Total Liabilities | $ 6.8 B | |
| EQUITY | ||
| Total Equity | $ 1.5 B | |
| Retained Earnings | $ 6.4 B | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 19.95 | |
| Shares Outstanding | 76.805 M | |
| Revenue Per-Share | $ 21.96 | |
| VALUATION | Market Capitalization | $ 24.7 B |
| Enterprise Value | $ 25.3 B | |
| Enterprise Multiple | 66.501 | |
| Enterprise Multiple QoQ | -36.934 % | |
| Enterprise Multiple YoY | -27.208 % | |
| Enterprise Multiple IPRWA | high: 140.798 IT: 66.501 median: 58.931 mean: 50.972 low: -43.256 |
|
| EV/R | 14.997 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 5.434 | |
| Asset To Liability | 1.226 | |
| Debt To Capital | 0.644 | |
| Debt To Assets | 0.333 | |
| Debt To Assets QoQ | 1.373 % | |
| Debt To Assets YoY | 2572.552 % | |
| Debt To Assets IPRWA | high: 1.14 IT: 0.333 mean: 0.246 median: 0.129 low: 0.006 |
|
| Debt To Equity | 1.809 | |
| Debt To Equity QoQ | -2.703 % | |
| Debt To Equity YoY | 1163.989 % | |
| Debt To Equity IPRWA | high: 4.622 IT: 1.809 mean: 0.802 median: 0.253 low: -2.769 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 16.127 | |
| Price To Book QoQ | -29.424 % | |
| Price To Book YoY | -70.143 % | |
| Price To Book IPRWA | IT: 16.127 high: 12.822 median: 4.588 mean: 4.466 low: -1.349 |
|
| Price To Earnings (P/E) | 111.144 | |
| Price To Earnings QoQ | -25.115 % | |
| Price To Earnings YoY | -20.598 % | |
| Price To Earnings IPRWA | high: 170.061 IT: 111.144 median: 64.982 mean: 60.064 low: -69.969 |
|
| PE/G Ratio | 3.673 | |
| Price To Sales (P/S) | 14.656 | |
| Price To Sales QoQ | -34.309 % | |
| Price To Sales YoY | -33.072 % | |
| Price To Sales IPRWA | high: 17.197 IT: 14.656 median: 11.089 mean: 8.822 low: 0.008 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 129.647 | |
| Forward PE/G | 4.285 | |
| Forward P/S | 55.736 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 1.766 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.201 | |
| Asset Turnover Ratio QoQ | 11.285 % | |
| Asset Turnover Ratio YoY | -4.756 % | |
| Asset Turnover Ratio IPRWA | high: 0.719 median: 0.287 mean: 0.244 IT: 0.201 low: 0.038 |
|
| Receivables Turnover | 1.219 | |
| Receivables Turnover Ratio QoQ | 27.136 % | |
| Receivables Turnover Ratio YoY | 13.508 % | |
| Receivables Turnover Ratio IPRWA | high: 3.883 mean: 1.555 median: 1.268 IT: 1.219 low: 0.415 |
|
| Inventory Turnover | — | |
| Inventory Turnover Ratio QoQ | — | |
| Inventory Turnover Ratio YoY | — | |
| Inventory Turnover Ratio IPRWA | — | |
| Days Sales Outstanding (DSO) | 74.851 | |
| 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 | 4.436 | |
| CapEx To Revenue | -0.021 | |
| CapEx To Depreciation | -1.187 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 4.0 B | |
| Net Invested Capital | $ 4.0 B | |
| Invested Capital | $ 4.0 B | |
| Net Tangible Assets | $ -1.78 B | |
| Net Working Capital | $ 380.2 M | |
| LIQUIDITY | ||
| Cash Ratio | 0.611 | |
| Current Ratio | 1.106 | |
| Current Ratio QoQ | 1.473 % | |
| Current Ratio YoY | 23.138 % | |
| Current Ratio IPRWA | high: 3.358 mean: 1.707 median: 1.461 IT: 1.106 low: 0.34 |
|
| Quick Ratio | — | |
| Quick Ratio QoQ | — | |
| Quick Ratio YoY | — | |
| Quick Ratio IPRWA | — | |
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 7.291 | |
| Cost Of Debt | 0.322 % | |
| Interest Coverage Ratio | 27.929 | |
| Interest Coverage Ratio QoQ | 33.591 % | |
| Interest Coverage Ratio YoY | 74.861 % | |
| Interest Coverage Ratio IPRWA | high: 46.876 IT: 27.929 mean: 26.071 median: 19.817 low: -32.337 |
|
| Operating Cash Flow Ratio | 0.148 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | — | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | — | |
| Dividend Payout Ratio | — | |
| Dividend Rate | — | |
| Dividend Yield | — | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | -1.792 % | |
| Revenue Growth | 9.929 % | |
| Revenue Growth QoQ | -194.087 % | |
| Revenue Growth YoY | 19.742 % | |
| Revenue Growth IPRWA | high: 15.386 % IT: 9.929 % median: 6.33 % mean: 4.063 % low: -11.52 % |
|
| Earnings Growth | 30.258 % | |
| Earnings Growth QoQ | -166.764 % | |
| Earnings Growth YoY | 205.698 % | |
| Earnings Growth IPRWA | high: 61.628 % IT: 30.258 % median: 18.932 % mean: -3.379 % low: -111.765 % |
|
| MARGINS | ||
| Gross Margin | 68.47 % | |
| Gross Margin QoQ | -0.82 % | |
| Gross Margin YoY | 0.96 % | |
| Gross Margin IPRWA | IT: 68.47 % high: 60.369 % median: 32.867 % mean: 29.278 % low: 3.216 % |
|
| EBIT Margin | 19.544 % | |
| EBIT Margin QoQ | 6.921 % | |
| EBIT Margin YoY | -2.363 % | |
| EBIT Margin IPRWA | high: 20.261 % IT: 19.544 % median: 16.705 % mean: 14.923 % low: -4.292 % |
|
| Return On Sales (ROS) | 19.395 % | |
| Return On Sales QoQ | 6.105 % | |
| Return On Sales YoY | -3.107 % | |
| Return On Sales IPRWA | IT: 19.395 % high: 17.028 % median: 15.771 % mean: 14.385 % low: -5.114 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 347.3 M | |
| Free Cash Flow Yield | 1.405 % | |
| Free Cash Flow Yield QoQ | 67.063 % | |
| Free Cash Flow Yield YoY | 44.103 % | |
| Free Cash Flow Yield IPRWA | high: 5.903 % median: 1.788 % IT: 1.405 % mean: 1.182 % low: -10.517 % |
|
| Free Cash Growth | 20.62 % | |
| Free Cash Growth QoQ | -373.584 % | |
| Free Cash Growth YoY | -80.355 % | |
| Free Cash Growth IPRWA | high: 539.652 % IT: 20.62 % mean: 12.618 % median: 12.212 % low: -467.291 % |
|
| Free Cash To Net Income | 1.442 | |
| Cash Flow Margin | 31.542 % | |
| Cash Flow To Earnings | 2.209 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | 2.865 % | |
| Return On Assets QoQ | 15.524 % | |
| Return On Assets YoY | -5.508 % | |
| Return On Assets IPRWA | high: 8.172 % median: 2.924 % IT: 2.865 % mean: 2.548 % low: -6.078 % |
|
| Return On Capital Employed (ROCE) | 6.962 % | |
| Return On Equity (ROE) | 0.157 | |
| Return On Equity QoQ | 11.553 % | |
| Return On Equity YoY | -55.744 % | |
| Return On Equity IPRWA | IT: 0.157 high: 0.155 median: 0.071 mean: 0.05 low: -0.051 |
|
| DuPont ROE | 15.89 % | |
| Return On Invested Capital (ROIC) | 6.252 % | |
| Return On Invested Capital QoQ | 11.723 % | |
| Return On Invested Capital YoY | -129.186 % | |
| Return On Invested Capital IPRWA | high: 7.923 % IT: 6.252 % mean: 4.314 % median: 4.072 % low: -7.46 % |
|