Recent News
On October 8, 2025 the board declared a quarterly common-stock dividend of $0.30 per share payable November 14, 2025, with record dates at the end of October. In early October the company filed a mixed shelf registration to allow future issuance of notes, preferred stock and depositary shares. Several broker actions and price-target updates appeared through mid-October, including a BofA target adjustment tied to 2026 expectations.
Technical Analysis
ADX at 20.63 signals an emerging trend strength; directional indicators favor the bulls as DI+ increased to 22.23 while DI- declined to 25.98, a bullish directional setup that supports the recent upside momentum.
MACD sits at -0.18 and has moved above its signal line at -0.31, a bullish momentum cross while still negative; that suggests momentum shifting from recent weakness toward a constructive bias but not yet fully positive on absolute terms.
MRO registers 6.42 and trends upward; because MRO sits positive, price trades above target and mean-reversion pressure exists, aligning with valuation readings that limit sustained upside.
RSI at 52.87 and rising shows neutral-to-favoring-bullish momentum without overbought stress, which supports limited further gains so long as buying interest holds.
Price closed at $40.60 above the 200-day average ($37.05) and slightly above the 50-day average ($40.51) and 20-day average ($39.46); the 12-day EMA shows a dip-and-reversal pattern, indicating recent short-term recovery that now sits near the upper Bollinger 1x band ($40.68), suggesting upside remains but on thinner margin.
Price movement near the upper band with current volume below the 10-day average reduces odds of a high-conviction breakout; the SuperTrend lower at $38.06 and the 200-day average act as reference support levels while elevated 42-day beta (1.55) implies above-average swing volatility.
Fundamental Analysis
Reported EPS of $1.15 beat the estimate of $1.01 by $0.14, an EPS surprise of 13.86%, reported with the company’s third-quarter results on October 17, 2025. Total revenue recorded at $2,283,000,000 with net income of $352,000,000; those results underlie the faster short-term momentum but also highlight mixed top-line trends.
WMDST valuation labels the stock over-valued. Enterprise-value-to-revenue sits at 13.43 while market cap equals $11,756,852,618 and enterprise value equals $30,655,852,618, indicating valuation above typical operating multiples for the business given current revenue and cash-flow generation.
P/B at 0.96 trades below the industry peer mean of 1.21625 and slightly below the industry peer median of 1.04581. PE at 37.51 sits below the industry peer mean of 39.81458, and forward PE at 34.29 sits below the industry peer mean of 37.55511; those relative PE placements occur alongside weak free-cash-flow metrics. (Industry peer mean/median/high values referenced where available.)
Free cash flow shows a deficit of $-134,000,000 with free-cash-flow yield at -1.14% and YoY free-cash growth down ~31.97%, while free cash to net income equals -0.38068, signaling that earnings exceed cash conversion this period; negative free cash flow increases reliance on capital markets or balance-sheet actions. Dividend policy remains intact with a $0.30 quarterly payout, dividend yield about 1.02% and a payout ratio near 34.09%.
Leverage and returns: debt-to-equity reads 154.62% and debt-to-assets about 9.98%; return on equity equals 2.88% (below the industry peer mean of 3.176%) and return on assets equals 0.184% (below the industry peer mean of 0.327%). Revenue growth figures show mixed signals in timing: a reported revenue growth value of 30.09% alongside a YoY revenue growth figure of -21.04% and a QoQ revenue-growth figure of -238.95% as reported; those divergences merit careful parsing of comp bases and segment impacts before extrapolating durability.
Capital flexibility expanded via a recent mixed shelf registration, which increases options to issue debt or preferred stock and therefore addresses the negative free-cash-flow dynamic by broadening funding choices.
Valuation summary: WMDST values the stock as over-valued based on elevated enterprise-value-to-revenue, negative free cash flow, and an MRO that implies price above intrinsic target despite recent EPS outperformance.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-06-30 |
| REPORT DATE: | 2025-10-17 |
| NEXT REPORT DATE: | 2026-01-16 |
| CASH FLOW | Begin Period Cash Flow | $ 11.4 B |
| Operating Cash Flow | $ 947.0 M | |
| Capital Expenditures | $ -1.08 B | |
| Change In Working Capital | $ -140.00 M | |
| Dividends Paid | $ -120.00 M | |
| Cash Flow Delta | $ 91.0 M | |
| End Period Cash Flow | $ 11.5 B | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 2.3 B | |
| Forward Revenue | $ 517.8 M | |
| COSTS | ||
| Cost Of Revenue | — | |
| Depreciation | $ 329.0 M | |
| Depreciation and Amortization | $ 329.0 M | |
| Research and Development | — | |
| Total Operating Expenses | — | |
| PROFITABILITY | ||
| Gross Profit | — | |
| EBITDA | — | |
| EBIT | — | |
| Operating Income | — | |
| Interest Income | $ 3.3 B | |
| Interest Expense | $ 1.6 B | |
| Net Interest Income | $ 1.7 B | |
| Income Before Tax | $ 436.0 M | |
| Tax Provision | $ 84.0 M | |
| Tax Rate | 19.266 % | |
| Net Income | $ 352.0 M | |
| Net Income From Continuing Operations | $ 352.0 M | |
| EARNINGS | ||
| EPS Estimate | $ 1.01 | |
| EPS Actual | $ 1.15 | |
| EPS Difference | $ 0.14 | |
| EPS Surprise | 13.861 % | |
| Forward EPS | $ 1.04 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 189.5 B | |
| Intangible Assets | $ 190.0 M | |
| Net Tangible Assets | $ 14.4 B | |
| Total Current Assets | — | |
| Cash and Short-Term Investments | — | |
| Cash | $ 10.6 B | |
| Net Receivables | $ 887.0 M | |
| Inventory | — | |
| Long-Term Investments | — | |
| LIABILITIES | ||
| Accounts Payable | $ 1.5 B | |
| Short-Term Debt | $ 2.9 B | |
| Total Current Liabilities | — | |
| Net Debt | $ 8.2 B | |
| Total Debt | $ 18.9 B | |
| Total Liabilities | $ 174.9 B | |
| EQUITY | ||
| Total Equity | $ 12.2 B | |
| Retained Earnings | $ 151.0 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 39.71 | |
| Shares Outstanding | 307.787 M | |
| Revenue Per-Share | $ 7.42 | |
| VALUATION | Market Capitalization | $ 11.8 B |
| Enterprise Value | $ 30.7 B | |
| Enterprise Multiple | — | |
| Enterprise Multiple QoQ | — | |
| Enterprise Multiple YoY | — | |
| Enterprise Multiple IPRWA | — | |
| EV/R | 13.428 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 15.501 | |
| Asset To Liability | 1.083 | |
| Debt To Capital | 0.607 | |
| Debt To Assets | 0.1 | |
| Debt To Assets QoQ | 1.382 % | |
| Debt To Assets YoY | 215.665 % | |
| Debt To Assets IPRWA | high: 0.346 ALLY: 0.1 mean: 0.099 median: 0.069 low: 0.003 |
|
| Debt To Equity | 1.546 | |
| Debt To Equity QoQ | -3.202 % | |
| Debt To Equity YoY | 192.948 % | |
| Debt To Equity IPRWA | high: 4.593 ALLY: 1.546 mean: 1.002 median: 0.299 low: -1.21 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 0.962 | |
| Price To Book QoQ | 6.588 % | |
| Price To Book YoY | -5.898 % | |
| Price To Book IPRWA | high: 2.214 mean: 1.216 median: 1.046 ALLY: 0.962 low: 0.433 |
|
| Price To Earnings (P/E) | 37.51 | |
| Price To Earnings QoQ | -37.814 % | |
| Price To Earnings YoY | -5.919 % | |
| Price To Earnings IPRWA | high: 112.418 mean: 39.815 median: 39.535 ALLY: 37.51 low: -19.014 |
|
| PE/G Ratio | -0.17 | |
| Price To Sales (P/S) | 5.15 | |
| Price To Sales QoQ | -15.895 % | |
| Price To Sales YoY | -5.373 % | |
| Price To Sales IPRWA | high: 26.993 mean: 11.781 median: 11.128 ALLY: 5.15 low: 1.333 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 34.291 | |
| Forward PE/G | -0.155 | |
| Forward P/S | 22.706 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | — | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.012 | |
| Asset Turnover Ratio QoQ | 30.955 % | |
| Asset Turnover Ratio YoY | 6.233 % | |
| Asset Turnover Ratio IPRWA | high: 0.035 mean: 0.014 median: 0.013 ALLY: 0.012 low: 0.003 |
|
| Receivables Turnover | 2.571 | |
| Receivables Turnover Ratio QoQ | 33.162 % | |
| Receivables Turnover Ratio YoY | 11.448 % | |
| Receivables Turnover Ratio IPRWA | high: 5.751 ALLY: 2.571 mean: 2.336 median: 2.322 low: 0.682 |
|
| Inventory Turnover | — | |
| Inventory Turnover Ratio QoQ | — | |
| Inventory Turnover Ratio YoY | — | |
| Inventory Turnover Ratio IPRWA | — | |
| Days Sales Outstanding (DSO) | 35.493 | |
| 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 | — | |
| CapEx To Revenue | -0.473 | |
| CapEx To Depreciation | -3.286 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 30.4 B | |
| Net Invested Capital | $ 31.0 B | |
| Invested Capital | $ 31.0 B | |
| Net Tangible Assets | $ 14.4 B | |
| Net Working Capital | — | |
| LIQUIDITY | ||
| Cash Ratio | — | |
| Current Ratio | — | |
| Current Ratio QoQ | — | |
| Current Ratio YoY | — | |
| Current Ratio IPRWA | — | |
| Quick Ratio | — | |
| Quick Ratio QoQ | — | |
| Quick Ratio YoY | — | |
| Quick Ratio IPRWA | — | |
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | — | |
| Cost Of Debt | 6.783 % | |
| Interest Coverage Ratio | — | |
| Interest Coverage Ratio QoQ | — | |
| Interest Coverage Ratio YoY | — | |
| Interest Coverage Ratio IPRWA | — | |
| Operating Cash Flow Ratio | — | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | — | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | 2.933 | |
| Dividend Payout Ratio | 0.341 | |
| Dividend Rate | $ 0.39 | |
| Dividend Yield | 0.01 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | -1.996 % | |
| Revenue Growth | 30.085 % | |
| Revenue Growth QoQ | -238.948 % | |
| Revenue Growth YoY | -2104.33 % | |
| Revenue Growth IPRWA | ALLY: 30.085 % high: 29.447 % mean: 6.389 % median: 3.557 % low: -12.916 % |
|
| Earnings Growth | -220.732 % | |
| Earnings Growth QoQ | 760.856 % | |
| Earnings Growth YoY | -291.017 % | |
| Earnings Growth IPRWA | high: 133.333 % mean: 12.404 % median: 7.843 % low: -81.818 % ALLY: -220.732 % |
|
| MARGINS | ||
| Gross Margin | — | |
| Gross Margin QoQ | — | |
| Gross Margin YoY | — | |
| Gross Margin IPRWA | — | |
| EBIT Margin | — | |
| EBIT Margin QoQ | — | |
| EBIT Margin YoY | — | |
| EBIT Margin IPRWA | — | |
| Return On Sales (ROS) | — | |
| Return On Sales QoQ | — | |
| Return On Sales YoY | — | |
| Return On Sales IPRWA | — | |
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ -134.00 M | |
| Free Cash Flow Yield | -1.14 % | |
| Free Cash Flow Yield QoQ | -201.243 % | |
| Free Cash Flow Yield YoY | -119.899 % | |
| Free Cash Flow Yield IPRWA | high: 11.343 % median: 2.747 % mean: 0.693 % ALLY: -1.14 % low: -15.511 % |
|
| Free Cash Growth | -210.744 % | |
| Free Cash Growth QoQ | 49.739 % | |
| Free Cash Growth YoY | -3197.354 % | |
| Free Cash Growth IPRWA | high: 562.614 % median: -13.018 % mean: -18.861 % ALLY: -210.744 % low: -637.309 % |
|
| Free Cash To Net Income | -0.381 | |
| Cash Flow Margin | 1.095 % | |
| Cash Flow To Earnings | 0.071 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.05 | |
| Return On Assets (ROA) | 0.184 % | |
| Return On Assets QoQ | -257.265 % | |
| Return On Assets YoY | 20.261 % | |
| Return On Assets IPRWA | high: 0.656 % median: 0.345 % mean: 0.327 % ALLY: 0.184 % low: -0.212 % |
|
| Return On Capital Employed (ROCE) | — | |
| Return On Equity (ROE) | 0.029 | |
| Return On Equity QoQ | -252.462 % | |
| Return On Equity YoY | 12.897 % | |
| Return On Equity IPRWA | high: 0.07 median: 0.033 mean: 0.032 ALLY: 0.029 low: -0.011 |
|
| DuPont ROE | 2.918 % | |
| Return On Invested Capital (ROIC) | — | |
| Return On Invested Capital QoQ | — | |
| Return On Invested Capital YoY | — | |
| Return On Invested Capital IPRWA | — | |