Recent News
On August 6, 2025 the company announced second-quarter 2025 results and reported completion of two Gas Control acquisitions plus a signed agreement for a Fab Tech acquisition; management also raised full-year guidance. Subsequent reports in September reiterated margin outperformance and the strategic push into gas control and fabrication technology.
Technical Analysis
Directional indicators (ADX/DI+/DI-): ADX registers 22.97, indicating an emerging trend. DI+ shows a dip & reversal, a bullish development. DI- registers 24.0 with a decreasing trend, which also reads as bullish directional pressure.
MACD: MACD sits at -1.43 with its trend increasing and has crossed above its signal line (-1.88), a bullish momentum signal despite the negative absolute reading. That cross supports the short-term recovery described in the introduction.
MRO (momentum/regression oscillator): MRO at -25.18 registers negative and shows a dip & reversal; the negative reading implies price sits below the target level and therefore carries potential for upward mean reversion over the coming weeks.
RSI: RSI at 46.14 with a dip & reversal indicates pullback exhaustion and room for price appreciation before reaching overbought territory, aligning with the MACD cross.
Price vs. moving averages and cloud: Last close equals $112.52, above the 20‑day average ($110.08) and the 12‑day EMA (price12dayEMA $110.99, dip & reversal), supporting short-term strength. Price sits below the 50‑day ($116.01) and 200‑day ($120.50) averages and below the Ichimoku cloud (Senkou A $121.02 / Senkou B $121.92), signaling medium-term resistance overhead that could limit rapid advances toward the priceTargetMean.
Volume and volatility: Today’s volume at 299,560 trails the 10‑day average (574,463) and the 50‑day average (478,813), suggesting current moves lack conviction. Bollinger bands show the price roughly one standard deviation inside the upper band, while the super trend upper at $115.35 represents a near-term resistance level to watch in any rally.
Fundamental Analysis
Margins and profitability: EBIT equals $109,094,000 and EBIT margin registers 15.245%, with a QoQ change of -5.883% and YoY change of -9.691%. The company’s EBIT margin sits below the industry peer mean (20.049%) and industry peer median (22.321%), indicating lower operating profitability versus the peer central tendency.
Top-line and earnings: Total revenue equals $715,586,000 and revenue growth stands at 5.522%. The reported quarter shows a QoQ revenue growth of 401.544% and a YoY revenue growth of 120.088% per the supplied figures. Reported EPS equaled $1.36 versus an estimate of $1.35, producing an EPS surprise of 0.741%; forward EPS registers $1.345 with forward PE near 90.59.
Cash flow and liquidity: Operating cash flow registers $46,627,000 and free cash flow equals $37,447,000, producing a free cash flow yield of 0.512% (below the industry peer mean of 1.028%). The current ratio equals 1.947 and quick ratio equals 1.256, with both metrics sitting near the industry peer mean for liquidity and signaling adequate near-term coverage for current liabilities.
Leverage and coverage: Total debt equals $1,166,817,000 and net debt equals $822,354,000. Debt to EBITDA measures 9.08x, while interest coverage equals 5.20x compared with an industry peer mean of 12.03x; coverage remains positive but below the peer mean and leverage reads elevated relative to earnings power.
Returns and efficiency: Return on equity equals 3.232% (industry peer mean 4.102%), return on assets equals 1.546% (industry peer mean 2.787%), and asset turnover equals 0.1655 (industry peer mean 0.1878). These metrics place operational efficiency and returns modestly below peer central tendencies.
Valuation: The current PE equals 92.64 with a forward PE near 90.59; enterprise multiple registers 64.00 and EV/Revenue (EVR) equals 11.49. WMDST values the stock as fair-valued, reflecting stretched multiples versus near-term cash generation and the company’s margin profile.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-06-30 |
| REPORT DATE: | 2025-08-06 |
| NEXT REPORT DATE: | 2025-10-30 |
| CASH FLOW | Begin Period Cash Flow | $ 291.3 M |
| Operating Cash Flow | $ 46.6 M | |
| Capital Expenditures | $ -9.18 M | |
| Change In Working Capital | $ -41.97 M | |
| Dividends Paid | $ -4.87 M | |
| Cash Flow Delta | $ -33.12 M | |
| End Period Cash Flow | $ 258.2 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 715.6 M | |
| Forward Revenue | $ 218.4 M | |
| COSTS | ||
| Cost Of Revenue | $ 449.5 M | |
| Depreciation | $ 19.4 M | |
| Depreciation and Amortization | $ 19.4 M | |
| Research and Development | — | |
| Total Operating Expenses | $ 605.1 M | |
| PROFITABILITY | ||
| Gross Profit | $ 266.0 M | |
| EBITDA | $ 128.4 M | |
| EBIT | $ 109.1 M | |
| Operating Income | $ 110.5 M | |
| Interest Income | — | |
| Interest Expense | $ 21.0 M | |
| Net Interest Income | $ -21.00 M | |
| Income Before Tax | $ 88.1 M | |
| Tax Provision | $ 18.3 M | |
| Tax Rate | 20.8 % | |
| Net Income | $ 66.9 M | |
| Net Income From Continuing Operations | $ 68.1 M | |
| EARNINGS | ||
| EPS Estimate | $ 1.35 | |
| EPS Actual | $ 1.36 | |
| EPS Difference | $ 0.01 | |
| EPS Surprise | 0.741 % | |
| Forward EPS | $ 1.34 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 4.4 B | |
| Intangible Assets | $ 2.3 B | |
| Net Tangible Assets | $ -262.40 M | |
| Total Current Assets | $ 1.3 B | |
| Cash and Short-Term Investments | $ 258.2 M | |
| Cash | $ 258.2 M | |
| Net Receivables | $ 456.1 M | |
| Inventory | $ 474.1 M | |
| Long-Term Investments | $ 348.6 M | |
| LIABILITIES | ||
| Accounts Payable | $ 369.5 M | |
| Short-Term Debt | $ 21.7 M | |
| Total Current Liabilities | $ 686.5 M | |
| Net Debt | $ 822.4 M | |
| Total Debt | $ 1.2 B | |
| Total Liabilities | $ 2.3 B | |
| EQUITY | ||
| Total Equity | $ 2.1 B | |
| Retained Earnings | $ 720.5 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 34.10 | |
| Shares Outstanding | 60.697 M | |
| Revenue Per-Share | $ 11.79 | |
| VALUATION | Market Capitalization | $ 7.3 B |
| Enterprise Value | $ 8.2 B | |
| Enterprise Multiple | 64.001 | |
| Enterprise Multiple QoQ | 1.36 % | |
| Enterprise Multiple YoY | 51.085 % | |
| Enterprise Multiple IPRWA | high: 92.169 median: 70.826 mean: 65.684 ESAB: 64.001 low: -24.065 |
|
| EV/R | 11.488 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 2.142 | |
| Asset To Liability | 1.91 | |
| Debt To Capital | 0.361 | |
| Debt To Assets | 0.263 | |
| Debt To Assets QoQ | -4.088 % | |
| Debt To Assets YoY | 4575.844 % | |
| Debt To Assets IPRWA | high: 0.742 mean: 0.325 median: 0.315 ESAB: 0.263 low: 0.015 |
|
| Debt To Equity | 0.564 | |
| Debt To Equity QoQ | -6.99 % | |
| Debt To Equity YoY | 4210.245 % | |
| Debt To Equity IPRWA | high: 2.784 mean: 1.029 median: 0.679 ESAB: 0.564 low: 0.02 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 3.533 | |
| Price To Book QoQ | -5.948 % | |
| Price To Book YoY | 1.201 % | |
| Price To Book IPRWA | high: 10.583 mean: 4.67 median: 4.198 ESAB: 3.533 low: 0.483 |
|
| Price To Earnings (P/E) | 92.642 | |
| Price To Earnings QoQ | -2.144 % | |
| Price To Earnings YoY | 23.948 % | |
| Price To Earnings IPRWA | high: 191.429 ESAB: 92.642 mean: 89.875 median: 89.604 low: -52.656 |
|
| PE/G Ratio | 10.528 | |
| Price To Sales (P/S) | 10.219 | |
| Price To Sales QoQ | -3.407 % | |
| Price To Sales YoY | 21.167 % | |
| Price To Sales IPRWA | high: 27.05 median: 17.264 mean: 15.731 ESAB: 10.219 low: 0.537 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 90.587 | |
| Forward PE/G | 10.294 | |
| Forward P/S | 33.487 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | -0.124 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.165 | |
| Asset Turnover Ratio QoQ | 0.663 % | |
| Asset Turnover Ratio YoY | -8.797 % | |
| Asset Turnover Ratio IPRWA | high: 0.357 mean: 0.188 median: 0.18 ESAB: 0.165 low: 0.009 |
|
| Receivables Turnover | 1.643 | |
| Receivables Turnover Ratio QoQ | -4.872 % | |
| Receivables Turnover Ratio YoY | 0.097 % | |
| Receivables Turnover Ratio IPRWA | high: 2.527 ESAB: 1.643 mean: 1.522 median: 1.491 low: 0.863 |
|
| Inventory Turnover | 0.972 | |
| Inventory Turnover Ratio QoQ | -1.799 % | |
| Inventory Turnover Ratio YoY | -7.384 % | |
| Inventory Turnover Ratio IPRWA | high: 2.099 median: 1.161 mean: 1.056 ESAB: 0.972 low: 0.231 |
|
| Days Sales Outstanding (DSO) | 55.528 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 77.704 | |
| Cash Conversion Cycle Days QoQ | 5.832 % | |
| Cash Conversion Cycle Days YoY | 9.98 % | |
| Cash Conversion Cycle Days IPRWA | high: 197.569 mean: 110.143 median: 105.238 ESAB: 77.704 low: 28.349 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 1.101 | |
| CapEx To Revenue | -0.013 | |
| CapEx To Depreciation | -0.474 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 3.1 B | |
| Net Invested Capital | $ 3.2 B | |
| Invested Capital | $ 3.2 B | |
| Net Tangible Assets | $ -262.40 M | |
| Net Working Capital | $ 649.8 M | |
| LIQUIDITY | ||
| Cash Ratio | 0.376 | |
| Current Ratio | 1.947 | |
| Current Ratio QoQ | 1.717 % | |
| Current Ratio YoY | 4.525 % | |
| Current Ratio IPRWA | high: 6.77 mean: 2.032 ESAB: 1.947 median: 1.585 low: 0.435 |
|
| Quick Ratio | 1.256 | |
| Quick Ratio QoQ | 1.04 % | |
| Quick Ratio YoY | 4.036 % | |
| Quick Ratio IPRWA | high: 5.031 mean: 1.384 ESAB: 1.256 median: 1.151 low: 0.295 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 9.084 | |
| Cost Of Debt | 1.432 % | |
| Interest Coverage Ratio | 5.195 | |
| Interest Coverage Ratio QoQ | -20.628 % | |
| Interest Coverage Ratio YoY | -30.618 % | |
| Interest Coverage Ratio IPRWA | high: 32.444 mean: 12.027 median: 11.802 ESAB: 5.195 low: -13.624 |
|
| Operating Cash Flow Ratio | 0.06 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 77.589 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | 13.739 | |
| Dividend Payout Ratio | 0.073 | |
| Dividend Rate | $ 0.08 | |
| Dividend Yield | 0.001 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 5.094 % | |
| Revenue Growth | 5.522 % | |
| Revenue Growth QoQ | 401.544 % | |
| Revenue Growth YoY | 120.088 % | |
| Revenue Growth IPRWA | high: 22.434 % mean: 6.593 % median: 5.7 % ESAB: 5.522 % low: -16.343 % |
|
| Earnings Growth | 8.8 % | |
| Earnings Growth QoQ | -475.427 % | |
| Earnings Growth YoY | -12.0 % | |
| Earnings Growth IPRWA | high: 79.63 % mean: 11.49 % median: 10.807 % ESAB: 8.8 % low: -27.66 % |
|
| MARGINS | ||
| Gross Margin | 37.179 % | |
| Gross Margin QoQ | -1.206 % | |
| Gross Margin YoY | -2.752 % | |
| Gross Margin IPRWA | high: 64.005 % median: 43.318 % mean: 41.759 % ESAB: 37.179 % low: 9.775 % |
|
| EBIT Margin | 15.245 % | |
| EBIT Margin QoQ | -5.883 % | |
| EBIT Margin YoY | -9.691 % | |
| EBIT Margin IPRWA | high: 27.783 % median: 22.321 % mean: 20.049 % ESAB: 15.245 % low: -40.613 % |
|
| Return On Sales (ROS) | 15.44 % | |
| Return On Sales QoQ | -4.68 % | |
| Return On Sales YoY | -8.536 % | |
| Return On Sales IPRWA | high: 27.542 % median: 21.334 % mean: 21.003 % ESAB: 15.44 % low: -42.559 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 37.4 M | |
| Free Cash Flow Yield | 0.512 % | |
| Free Cash Flow Yield QoQ | 30.612 % | |
| Free Cash Flow Yield YoY | -58.743 % | |
| Free Cash Flow Yield IPRWA | high: 3.382 % mean: 1.028 % median: 0.943 % ESAB: 0.512 % low: -6.253 % |
|
| Free Cash Growth | 33.188 % | |
| Free Cash Growth QoQ | -145.789 % | |
| Free Cash Growth YoY | -66.71 % | |
| Free Cash Growth IPRWA | high: 255.172 % mean: 33.341 % ESAB: 33.188 % median: 2.098 % low: -323.025 % |
|
| Free Cash To Net Income | 0.56 | |
| Cash Flow Margin | 5.777 % | |
| Cash Flow To Earnings | 0.618 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | 1.546 % | |
| Return On Assets QoQ | -5.328 % | |
| Return On Assets YoY | -27.315 % | |
| Return On Assets IPRWA | high: 5.203 % median: 3.161 % mean: 2.787 % ESAB: 1.546 % low: -6.694 % |
|
| Return On Capital Employed (ROCE) | 2.912 % | |
| Return On Equity (ROE) | 0.032 | |
| Return On Equity QoQ | -8.364 % | |
| Return On Equity YoY | -33.416 % | |
| Return On Equity IPRWA | high: 0.067 median: 0.044 mean: 0.041 ESAB: 0.032 low: -0.136 |
|
| DuPont ROE | 3.362 % | |
| Return On Invested Capital (ROIC) | 2.744 % | |
| Return On Invested Capital QoQ | -4.39 % | |
| Return On Invested Capital YoY | -105.731 % | |
| Return On Invested Capital IPRWA | high: 7.382 % median: 4.394 % mean: 3.976 % ESAB: 2.744 % low: -1.94 % |
|