Recent News
On July 30, 2025 the Board declared the regular quarterly dividend at $0.295 per share payable September 2, 2025 to holders of record August 15, 2025; the announcement noted this as the company’s 498th consecutive quarterly dividend. Analysts adjusted targets and commentary in late July, with several firms issuing revised price targets and outlook notes through July 25–29, 2025.
Technical Analysis
ADX registers 20.88, indicating an emerging trend strength that supports a directional move without confirming a sustained trend; this aligns with the near-term stabilization implied by fair valuation.
Directional indicators show a DI+ peak-and-reversal, a bearish signal, while DI- trends downward, a bullish signal; those opposing directional patterns produce a consolidation-to-cautious-bounce bias against the current valuation.
MACD sits at -1.16 with a recent peak-and-reversal reading (bearish momentum), yet the MACD line trades above its signal (-1.22), which functions as a short-term bullish crossover and supports near-term positive price pressure toward fair value.
MRO reads -26.97, indicating the price sits below the MRO target and therefore carries upward potential toward regression targets; that technical underpricing interacts with the fair-valued assessment to favor mean reversion.
RSI at 42.85 with a dip-and-reversal trend produces a bullish short-term momentum signal that reinforces the potential for a bounce from recent supports rather than a fresh downtrend.
Price action shows $87.25 close below the 200-day average ($98.55) but near the 20-day average ($87.73); short-term exponential averages (12-day EMA $87.63, 26-day EMA $88.79) trend downward, suggesting any rebound may face resistance near the 26-day EMA and the 50-day average ($90.91). Bollinger band lower edges cluster around $85.32–$86.53, supplying nearby technical support consistent with the super trend lower at $85.91.
Fundamental Analysis
Top line expanded YoY by 4.08% while quarter-to-quarter sales contracted steeply (-136.79% QoQ), reflecting seasonal and timing effects on revenue recognition; the YoY growth supports steady demand but QoQ movement requires monitoring. Total revenue registers $1,506,300,000 and free cash flow registers $208,300,000, producing a free-cash-flow yield of 0.90%.
Profitability shows EBIT of $274,000,000 and an EBIT margin of 18.19%, below the industry peer mean of 21.43% and below the industry peer median of 22.66%, a gap that narrowed relative to peers on absolute terms but widened QoQ (-12.62%) and YoY (-20.02%). Operating margin stands at 17.37%, down QoQ (-16.54%) and YoY (-23.61%). Gross margin registers 42.95%, below the industry peer mean of 48.91%.
Earnings per share delivered $0.78 against a $0.75 estimate, an EPS surprise of 4.00%, while forward EPS sits at $0.9325. The reported PE ratio reads 104.11x, slightly above the industry peer mean of 100.49x and near the industry peer median of 107.83x; forward PE measures 106.01x. Price-to-book records 5.28x, below the industry peer mean of 23.42 and below the industry peer median of 7.19x.
Leverage and coverage show total debt $2,205,800,000 with debt-to-EBITDA at 6.67x and interest coverage at 11.66x, signaling adequate coverage though elevated leverage relative to historical norms. Cash and short-term investments stand at $923,200,000 while net debt totals $1,282,600,000.
Returns register modestly: return on equity 4.35% and return on assets 2.15%, both lower YoY. Dividend economics show a dividend rate near $0.298 per share with a payout ratio of 38.01% and dividend yield of 0.31%; dividend coverage registers 2.63x.
Valuation conclusion: WMDST values the stock as fair-valued, with enterprise value $24,468,589,567 against market cap $23,185,989,567; given the combination of modest revenue growth, compressed margins versus industry peer mean, positive cash generation, and an elevated PE multiple, the fundamental picture supports limited near-term multiple expansion absent margin recovery.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-06-30 |
| REPORT DATE: | 2025-08-01 |
| NEXT REPORT DATE: | 2025-10-30 |
| CASH FLOW | Begin Period Cash Flow | $ 1.1 B |
| Operating Cash Flow | $ 230.8 M | |
| Capital Expenditures | $ -22.50 M | |
| Change In Working Capital | $ -71.90 M | |
| Dividends Paid | $ -72.60 M | |
| Cash Flow Delta | $ -151.30 M | |
| End Period Cash Flow | $ 923.2 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 1.5 B | |
| Forward Revenue | $ 447.8 M | |
| COSTS | ||
| Cost Of Revenue | $ 859.3 M | |
| Depreciation | $ 22.5 M | |
| Depreciation and Amortization | $ 56.6 M | |
| Research and Development | — | |
| Total Operating Expenses | $ 1.2 B | |
| PROFITABILITY | ||
| Gross Profit | $ 647.0 M | |
| EBITDA | $ 330.6 M | |
| EBIT | $ 274.0 M | |
| Operating Income | $ 261.7 M | |
| Interest Income | $ 9.2 M | |
| Interest Expense | $ 23.5 M | |
| Net Interest Income | $ -14.30 M | |
| Income Before Tax | $ 250.5 M | |
| Tax Provision | $ 59.5 M | |
| Tax Rate | 23.8 % | |
| Net Income | $ 191.0 M | |
| Net Income From Continuing Operations | $ 191.0 M | |
| EARNINGS | ||
| EPS Estimate | $ 0.75 | |
| EPS Actual | $ 0.78 | |
| EPS Difference | $ 0.03 | |
| EPS Surprise | 4.0 % | |
| Forward EPS | $ 0.93 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 8.8 B | |
| Intangible Assets | $ 5.2 B | |
| Net Tangible Assets | $ -855.70 M | |
| Total Current Assets | $ 2.2 B | |
| Cash and Short-Term Investments | $ 923.2 M | |
| Cash | $ 923.2 M | |
| Net Receivables | $ 611.0 M | |
| Inventory | $ 622.4 M | |
| Long-Term Investments | $ 374.2 M | |
| LIABILITIES | ||
| Accounts Payable | $ 703.0 M | |
| Short-Term Debt | — | |
| Total Current Liabilities | $ 1.2 B | |
| Net Debt | $ 1.3 B | |
| Total Debt | $ 2.2 B | |
| Total Liabilities | $ 4.4 B | |
| EQUITY | ||
| Total Equity | $ 4.4 B | |
| Retained Earnings | $ 6.6 B | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 18.04 | |
| Shares Outstanding | 243.559 M | |
| Revenue Per-Share | $ 6.18 | |
| VALUATION | Market Capitalization | $ 23.2 B |
| Enterprise Value | $ 24.5 B | |
| Enterprise Multiple | 74.013 | |
| Enterprise Multiple QoQ | 0.348 % | |
| Enterprise Multiple YoY | 20.903 % | |
| Enterprise Multiple IPRWA | CHD: 74.013 high: 72.282 median: 72.282 mean: 68.222 low: -24.065 |
|
| EV/R | 16.244 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 2.0 | |
| Asset To Liability | 2.0 | |
| Debt To Capital | 0.334 | |
| Debt To Assets | 0.251 | |
| Debt To Assets QoQ | 1.937 % | |
| Debt To Assets YoY | 35757.143 % | |
| Debt To Assets IPRWA | high: 0.518 mean: 0.336 low: 0.283 median: 0.283 CHD: 0.251 |
|
| Debt To Equity | 0.502 | |
| Debt To Equity QoQ | 3.61 % | |
| Debt To Equity YoY | 35254.93 % | |
| Debt To Equity IPRWA | high: 12.476 mean: 3.005 median: 0.692 CHD: 0.502 low: -1.548 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 5.277 | |
| Price To Book QoQ | -7.224 % | |
| Price To Book YoY | -9.746 % | |
| Price To Book IPRWA | high: 100.047 mean: 23.421 median: 7.192 CHD: 5.277 low: -4.02 |
|
| Price To Earnings (P/E) | 104.11 | |
| Price To Earnings QoQ | -10.011 % | |
| Price To Earnings YoY | -5.858 % | |
| Price To Earnings IPRWA | high: 107.828 median: 107.828 CHD: 104.11 mean: 100.486 low: -14.797 |
|
| PE/G Ratio | 31.577 | |
| Price To Sales (P/S) | 15.393 | |
| Price To Sales QoQ | -12.762 % | |
| Price To Sales YoY | -7.598 % | |
| Price To Sales IPRWA | high: 17.639 median: 17.639 mean: 15.865 CHD: 15.393 low: 1.198 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 106.007 | |
| Forward PE/G | 32.153 | |
| Forward P/S | 51.779 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | -3.848 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.17 | |
| Asset Turnover Ratio QoQ | 3.222 % | |
| Asset Turnover Ratio YoY | -2.688 % | |
| Asset Turnover Ratio IPRWA | high: 0.359 mean: 0.2 CHD: 0.17 low: 0.168 median: 0.168 |
|
| Receivables Turnover | 2.493 | |
| Receivables Turnover Ratio QoQ | 1.805 % | |
| Receivables Turnover Ratio YoY | -6.527 % | |
| Receivables Turnover Ratio IPRWA | high: 3.39 median: 3.39 mean: 3.164 CHD: 2.493 low: 1.745 |
|
| Inventory Turnover | 1.37 | |
| Inventory Turnover Ratio QoQ | 5.643 % | |
| Inventory Turnover Ratio YoY | 4.824 % | |
| Inventory Turnover Ratio IPRWA | high: 1.838 median: 1.422 mean: 1.372 CHD: 1.37 low: 0.806 |
|
| Days Sales Outstanding (DSO) | 36.605 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 28.135 | |
| Cash Conversion Cycle Days QoQ | -2.501 % | |
| Cash Conversion Cycle Days YoY | -2.117 % | |
| Cash Conversion Cycle Days IPRWA | high: 139.24 CHD: 28.135 mean: -24.059 median: -42.682 low: -51.568 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 1.475 | |
| CapEx To Revenue | -0.015 | |
| CapEx To Depreciation | -1.0 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 6.6 B | |
| Net Invested Capital | $ 6.6 B | |
| Invested Capital | $ 6.6 B | |
| Net Tangible Assets | $ -855.70 M | |
| Net Working Capital | $ 1.0 B | |
| LIQUIDITY | ||
| Cash Ratio | 0.764 | |
| Current Ratio | 1.845 | |
| Current Ratio QoQ | -5.516 % | |
| Current Ratio YoY | 20.848 % | |
| Current Ratio IPRWA | high: 3.558 CHD: 1.845 mean: 0.776 low: 0.704 median: 0.704 |
|
| Quick Ratio | 1.33 | |
| Quick Ratio QoQ | -6.966 % | |
| Quick Ratio YoY | 35.567 % | |
| Quick Ratio IPRWA | high: 2.28 CHD: 1.33 mean: 0.531 low: 0.495 median: 0.495 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 6.672 | |
| Cost Of Debt | 0.812 % | |
| Interest Coverage Ratio | 11.66 | |
| Interest Coverage Ratio QoQ | -11.045 % | |
| Interest Coverage Ratio YoY | -21.297 % | |
| Interest Coverage Ratio IPRWA | high: 22.325 median: 22.325 mean: 19.725 CHD: 11.66 low: -10.856 |
|
| Operating Cash Flow Ratio | 0.203 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 79.339 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | 2.631 | |
| Dividend Payout Ratio | 0.38 | |
| Dividend Rate | $ 0.30 | |
| Dividend Yield | 0.003 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | -1.873 % | |
| Revenue Growth | 2.672 % | |
| Revenue Growth QoQ | -136.789 % | |
| Revenue Growth YoY | 407.985 % | |
| Revenue Growth IPRWA | high: 23.563 % median: 5.628 % mean: 4.382 % CHD: 2.672 % low: -13.988 % |
|
| Earnings Growth | 3.297 % | |
| Earnings Growth QoQ | -81.867 % | |
| Earnings Growth YoY | -205.504 % | |
| Earnings Growth IPRWA | high: 97.931 % CHD: 3.297 % mean: 0.021 % median: -3.896 % low: -15.544 % |
|
| MARGINS | ||
| Gross Margin | 42.953 % | |
| Gross Margin QoQ | -4.462 % | |
| Gross Margin YoY | -8.845 % | |
| Gross Margin IPRWA | high: 60.059 % median: 49.107 % mean: 48.907 % CHD: 42.953 % low: 24.094 % |
|
| EBIT Margin | 18.19 % | |
| EBIT Margin QoQ | -12.619 % | |
| EBIT Margin YoY | -20.023 % | |
| EBIT Margin IPRWA | high: 22.658 % median: 22.658 % mean: 21.434 % CHD: 18.19 % low: -7.521 % |
|
| Return On Sales (ROS) | 17.374 % | |
| Return On Sales QoQ | -16.539 % | |
| Return On Sales YoY | -23.611 % | |
| Return On Sales IPRWA | high: 21.135 % median: 20.844 % mean: 20.136 % CHD: 17.374 % low: 9.147 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 208.3 M | |
| Free Cash Flow Yield | 0.898 % | |
| Free Cash Flow Yield QoQ | 37.309 % | |
| Free Cash Flow Yield YoY | 9.379 % | |
| Free Cash Flow Yield IPRWA | high: 12.123 % mean: 1.178 % median: 1.083 % CHD: 0.898 % low: -5.047 % |
|
| Free Cash Growth | 23.109 % | |
| Free Cash Growth QoQ | -180.189 % | |
| Free Cash Growth YoY | -595.795 % | |
| Free Cash Growth IPRWA | high: 365.854 % mean: 65.927 % median: 40.162 % CHD: 23.109 % low: -537.486 % |
|
| Free Cash To Net Income | 1.091 | |
| Cash Flow Margin | 16.292 % | |
| Cash Flow To Earnings | 1.285 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | 2.153 % | |
| Return On Assets QoQ | -12.763 % | |
| Return On Assets YoY | -23.408 % | |
| Return On Assets IPRWA | high: 5.997 % mean: 3.192 % median: 2.913 % CHD: 2.153 % low: 0.404 % |
|
| Return On Capital Employed (ROCE) | 3.615 % | |
| Return On Equity (ROE) | 0.043 | |
| Return On Equity QoQ | -10.112 % | |
| Return On Equity YoY | -23.144 % | |
| Return On Equity IPRWA | high: 1.058 mean: 0.263 median: 0.071 CHD: 0.043 low: 0.017 |
|
| DuPont ROE | 4.271 % | |
| Return On Invested Capital (ROIC) | 3.166 % | |
| Return On Invested Capital QoQ | -10.235 % | |
| Return On Invested Capital YoY | -105.886 % | |
| Return On Invested Capital IPRWA | high: 12.603 % mean: 5.302 % median: 4.427 % CHD: 3.166 % low: 1.276 % |
|