Recent News
On July 12, 2025 reports highlighted a steep weekly decline that left the company among top S&P 500 decliners. Mid-summer coverage documented Federal Housing Finance Agency remarks approving VantageScore 4.0 for certain mortgage use cases and questioning score pricing, a development that triggered material share weakness. Late-September trade-day writeups recorded session-level underperformance versus peers and below-average intraday volume. An August notice reported the Scores business president scheduled to retire in early September.
Technical Analysis
ADX at 19.12 indicates no clear trend strength; directional indicators therefore exert greater influence on short-term bias. DI+ decreased while DI- increased, a bearish directional profile that supports near-term downside pressure against the current valuation backdrop.
MACD shows a peak & reversal with MACD at 11.17 below the signal line at 14.35, signaling a shift toward bearish momentum and reducing immediate upside impetus relative to recent price levels.
MRO stands at -4.5 with a dip & reversal trend; the negative reading implies price sits below the model target and carries scope for mean reversion upward, offering a counterweight to the momentum deterioration noted above.
RSI reads 48.04 with a peak & reversal pattern, placing the oscillator near neutral but tilted toward weakening momentum; that alignment supports a consolidation phase rather than a sustained breakout in either direction.
Price sits at $1,496.53 below the 20-day average ($1,536.18) yet above the 50-day average ($1,464.41); the 12-day EMA shows a peak & reversal. Bollinger bands place the close below the 1x lower band ($1,504.38) but above the 2x lower band ($1,472.58), suggesting short-term oversold conditions with limited volatility expansion. Ichimoku readings place price below Tenkan-sen ($1,531.91) but above Kijun-sen ($1,467.21), reinforcing a mixed short-term bias toward a corrective pullback that may rebound toward short-term averages.
Fundamental Analysis
Revenue totaled $536,415,000 for the period. YoY revenue growth equals 133.467%, while quarter-over-quarter revenue growth declined by 43.438%, signaling large timing effects across reporting periods. YoY earnings growth registers 443.025% while the shorter-term earningsGrowth metric reads 9.731%.
Earnings per share arrived at $8.57 versus an estimate of $7.70, producing an EPS beat of $0.87 and an EPS surprise of 11.30%. Operating income reached $262,518,000 with EBIT $269,890,000 and an EBIT margin of 50.314%, a value above the industry peer mean of 34.161% and above the industry peer median of 43.473%.
Gross margin measured 83.675% with a YoY improvement of 4.203%. Operating margin reached 48.939% with a YoY increase of 12.867% and negligible quarter change. Cash from operations totaled $286,223,000 and free cash flow registered $276,239,000, yielding a free cash flow yield of 0.73% that sits above the industry peer mean of 0.527%.
Balance-sheet metrics show cash and short-term investments of $189,049,000 alongside net debt of $2,590,505,000 and total equity at negative $1,397,446,000. Debt-to-EBITDA equals 10.23x and debt-to-assets registers 150.41%, both materially above the industry peer mean debt/asset reading of 16.118%; leverage therefore presents an elevated coverage and solvency consideration despite a comfortable interest coverage ratio of 8.20x. Return on assets equals 9.832% (above the industry peer mean of 3.639%), while return on equity reads -13.009% (below the industry peer mean of 7.082%), driven principally by negative total equity.
Valuation multiples show a trailing P/E of 202.14, forward P/E near 200.06, a price-to-sales ratio of 70.50, and an enterprise multiple of 147.62. Those multiples reflect strong expected growth and current market pricing dynamics. WMDST values the stock as under-valued given cash flow generation, high margins, and the balance of elevated leverage and market multiple compression.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-06-30 |
| REPORT DATE: | 2025-07-30 |
| NEXT REPORT DATE: | 2025-10-28 |
| CASH FLOW | Begin Period Cash Flow | $ 146.6 M |
| Operating Cash Flow | $ 286.2 M | |
| Capital Expenditures | $ -9.98 M | |
| Change In Working Capital | $ 67.2 M | |
| Dividends Paid | — | |
| Cash Flow Delta | $ 42.4 M | |
| End Period Cash Flow | $ 189.0 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 536.4 M | |
| Forward Revenue | $ 165.2 M | |
| COSTS | ||
| Cost Of Revenue | $ 87.6 M | |
| Depreciation | $ 4.0 M | |
| Depreciation and Amortization | $ 4.0 M | |
| Research and Development | $ 47.2 M | |
| Total Operating Expenses | $ 273.9 M | |
| PROFITABILITY | ||
| Gross Profit | $ 448.8 M | |
| EBITDA | $ 273.9 M | |
| EBIT | $ 269.9 M | |
| Operating Income | $ 262.5 M | |
| Interest Income | — | |
| Interest Expense | $ 32.9 M | |
| Net Interest Income | $ -32.90 M | |
| Income Before Tax | $ 237.0 M | |
| Tax Provision | $ 55.2 M | |
| Tax Rate | 23.3 % | |
| Net Income | $ 181.8 M | |
| Net Income From Continuing Operations | $ 181.8 M | |
| EARNINGS | ||
| EPS Estimate | $ 7.70 | |
| EPS Actual | $ 8.57 | |
| EPS Difference | $ 0.87 | |
| EPS Surprise | 11.299 % | |
| Forward EPS | $ 9.29 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 1.9 B | |
| Intangible Assets | $ 785.4 M | |
| Net Tangible Assets | $ -2.18 B | |
| Total Current Assets | $ 709.8 M | |
| Cash and Short-Term Investments | $ 189.0 M | |
| Cash | $ 189.0 M | |
| Net Receivables | $ 454.1 M | |
| Inventory | — | |
| Long-Term Investments | $ 121.8 M | |
| LIABILITIES | ||
| Accounts Payable | $ 29.3 M | |
| Short-Term Debt | $ 399.3 M | |
| Total Current Liabilities | $ 770.6 M | |
| Net Debt | $ 2.6 B | |
| Total Debt | $ 2.8 B | |
| Total Liabilities | $ 3.3 B | |
| EQUITY | ||
| Total Equity | $ -1.40 B | |
| Retained Earnings | $ 4.4 B | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ -57.41 | |
| Shares Outstanding | 24.096 M | |
| Revenue Per-Share | $ 22.04 | |
| VALUATION | Market Capitalization | $ 37.8 B |
| Enterprise Value | $ 40.4 B | |
| Enterprise Multiple | 147.617 | |
| Enterprise Multiple QoQ | -23.841 % | |
| Enterprise Multiple YoY | -17.549 % | |
| Enterprise Multiple IPRWA | high: 634.148 FICO: 147.617 mean: 90.868 median: 82.154 low: -577.222 |
|
| EV/R | 75.367 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | -1.332 | |
| Asset To Liability | 0.571 | |
| Debt To Capital | 1.996 | |
| Debt To Assets | 1.504 | |
| Debt To Assets QoQ | 8.323 % | |
| Debt To Assets YoY | 17030.979 % | |
| Debt To Assets IPRWA | FICO: 1.504 high: 1.095 mean: 0.161 median: 0.098 low: 0.002 |
|
| Debt To Equity | -2.004 | |
| Debt To Equity QoQ | -11.622 % | |
| Debt To Equity YoY | 10978.718 % | |
| Debt To Equity IPRWA | high: 3.008 mean: 0.299 median: 0.176 low: -0.874 FICO: -2.004 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | -27.061 | |
| Price To Book QoQ | -33.337 % | |
| Price To Book YoY | -36.95 % | |
| Price To Book IPRWA | high: 34.07 mean: 12.068 median: 10.727 low: -16.218 FICO: -27.061 |
|
| Price To Earnings (P/E) | 202.138 | |
| Price To Earnings QoQ | -15.748 % | |
| Price To Earnings YoY | -12.813 % | |
| Price To Earnings IPRWA | high: 564.562 FICO: 202.138 mean: 138.69 median: 130.187 low: -357.639 |
|
| PE/G Ratio | 20.773 | |
| Price To Sales (P/S) | 70.498 | |
| Price To Sales QoQ | -22.945 % | |
| Price To Sales YoY | -11.298 % | |
| Price To Sales IPRWA | high: 113.355 FICO: 70.498 median: 48.199 mean: 45.53 low: 1.219 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 200.055 | |
| Forward PE/G | 20.559 | |
| Forward P/S | 226.633 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 1.381 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.29 | |
| Asset Turnover Ratio QoQ | 3.036 % | |
| Asset Turnover Ratio YoY | 10.517 % | |
| Asset Turnover Ratio IPRWA | high: 0.416 FICO: 0.29 median: 0.129 mean: 0.129 low: 0.0 |
|
| Receivables Turnover | 1.133 | |
| Receivables Turnover Ratio QoQ | -4.168 % | |
| Receivables Turnover Ratio YoY | 14.716 % | |
| Receivables Turnover Ratio IPRWA | high: 4.366 mean: 1.423 median: 1.257 FICO: 1.133 low: 0.131 |
|
| Inventory Turnover | — | |
| Inventory Turnover Ratio QoQ | — | |
| Inventory Turnover Ratio YoY | — | |
| Inventory Turnover Ratio IPRWA | — | |
| Days Sales Outstanding (DSO) | 80.518 | |
| 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 | -8.828 | |
| CapEx To Revenue | -0.019 | |
| CapEx To Depreciation | -2.508 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 982.8 M | |
| Net Invested Capital | $ 1.4 B | |
| Invested Capital | $ 1.4 B | |
| Net Tangible Assets | $ -2.18 B | |
| Net Working Capital | $ -60.76 M | |
| LIQUIDITY | ||
| Cash Ratio | 0.245 | |
| Current Ratio | 0.921 | |
| Current Ratio QoQ | -56.384 % | |
| Current Ratio YoY | -50.783 % | |
| Current Ratio IPRWA | high: 9.787 mean: 1.699 median: 1.353 FICO: 0.921 low: 0.079 |
|
| Quick Ratio | — | |
| Quick Ratio QoQ | — | |
| Quick Ratio YoY | — | |
| Quick Ratio IPRWA | — | |
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 10.226 | |
| Cost Of Debt | 0.943 % | |
| Interest Coverage Ratio | 8.204 | |
| Interest Coverage Ratio QoQ | 5.327 % | |
| Interest Coverage Ratio YoY | 13.507 % | |
| Interest Coverage Ratio IPRWA | high: 181.115 median: 54.034 mean: 37.966 FICO: 8.204 low: -372.737 |
|
| Operating Cash Flow Ratio | 0.298 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 27.8 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | — | |
| Dividend Payout Ratio | — | |
| Dividend Rate | — | |
| Dividend Yield | — | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 1.431 % | |
| Revenue Growth | 7.555 % | |
| Revenue Growth QoQ | -43.438 % | |
| Revenue Growth YoY | 133.467 % | |
| Revenue Growth IPRWA | high: 32.808 % median: 9.099 % FICO: 7.555 % mean: 6.942 % low: -21.897 % |
|
| Earnings Growth | 9.731 % | |
| Earnings Growth QoQ | -72.108 % | |
| Earnings Growth YoY | 443.025 % | |
| Earnings Growth IPRWA | high: 157.143 % FICO: 9.731 % median: 5.491 % mean: 4.747 % low: -200.0 % |
|
| MARGINS | ||
| Gross Margin | 83.675 % | |
| Gross Margin QoQ | 1.51 % | |
| Gross Margin YoY | 4.203 % | |
| Gross Margin IPRWA | high: 91.297 % FICO: 83.675 % mean: 72.259 % median: 68.585 % low: 33.069 % |
|
| EBIT Margin | 50.314 % | |
| EBIT Margin QoQ | 2.675 % | |
| EBIT Margin YoY | 16.038 % | |
| EBIT Margin IPRWA | high: 74.313 % FICO: 50.314 % median: 43.473 % mean: 34.161 % low: -124.558 % |
|
| Return On Sales (ROS) | 48.939 % | |
| Return On Sales QoQ | -0.131 % | |
| Return On Sales YoY | 12.867 % | |
| Return On Sales IPRWA | high: 76.082 % FICO: 48.939 % median: 44.901 % mean: 33.929 % low: -115.372 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 276.2 M | |
| Free Cash Flow Yield | 0.73 % | |
| Free Cash Flow Yield QoQ | 406.944 % | |
| Free Cash Flow Yield YoY | 26.298 % | |
| Free Cash Flow Yield IPRWA | high: 6.936 % FICO: 0.73 % median: 0.694 % mean: 0.527 % low: -13.154 % |
|
| Free Cash Growth | 321.797 % | |
| Free Cash Growth QoQ | -595.492 % | |
| Free Cash Growth YoY | 37.617 % | |
| Free Cash Growth IPRWA | FICO: 321.797 % high: 207.215 % median: 25.957 % mean: 12.174 % low: -316.997 % |
|
| Free Cash To Net Income | 1.52 | |
| Cash Flow Margin | 42.781 % | |
| Cash Flow To Earnings | 1.262 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | 9.832 % | |
| Return On Assets QoQ | 7.091 % | |
| Return On Assets YoY | 32.847 % | |
| Return On Assets IPRWA | high: 14.05 % FICO: 9.832 % median: 4.609 % mean: 3.639 % low: -24.058 % |
|
| Return On Capital Employed (ROCE) | 24.728 % | |
| Return On Equity (ROE) | -0.13 | |
| Return On Equity QoQ | -10.078 % | |
| Return On Equity YoY | -14.549 % | |
| Return On Equity IPRWA | high: 0.214 median: 0.079 mean: 0.071 FICO: -0.13 low: -0.337 |
|
| DuPont ROE | -14.419 % | |
| Return On Invested Capital (ROIC) | 14.979 % | |
| Return On Invested Capital QoQ | 12.794 % | |
| Return On Invested Capital YoY | -114.41 % | |
| Return On Invested Capital IPRWA | FICO: 14.979 % high: 13.859 % median: 7.176 % mean: 5.441 % low: -13.655 % |
|