Recent News
On August 21, 2025 the stock’s Relative Strength rating rose to 73, reflecting improved comparative price performance versus the broader market.
Technical Analysis
ADX / DI+ / DI-: ADX registers 18.26, which indicates no established trend and reduces conviction in breakout scenarios; DI+ at 19.92 shows a peak-and-reversal, a bearish signal under the directional rules; DI- at 14.86 tracks lower, which normally offers bullish bias but cannot override the DI+ peak-and-reversal. Together, directional indicators imply momentum loss despite recent price strength, lowering short-term bullish odds relative to the current valuation.
MACD: MACD reads 0.53 while the signal line sits at 0.65 and the MACD trend shows a peak-and-reversal; the combination of MACD below its signal line and a declining MACD constitutes bearish momentum and suggests reduced likelihood of a sustained upward move from current levels without a new momentum pickup.
MRO (Momentum/Regression Oscillator): MRO registers 23.57 and shows a dip-and-reversal pattern; the positive MRO level indicates price sits above target and therefore carries potential to pull back toward target levels. The dip-and-reversal trend in the oscillator signals recent improvement in momentum, but the MRO’s positive reading favors mean reversion risk in the near term.
RSI and Short-Term Price Structure: RSI at 55.02 with a peak-and-reversal trend signals waning buying pressure from recent highs. Price trades at $67.45, above the 20-day average of $65.80, the 50-day average of $64.30, and the 200-day average of $52.32, so moving-average context remains constructive; however, the momentum indicators described above favor a short-term consolidation rather than a clear breakout extension.
Additional technical context: Bollinger upper bands near $70.56 and a super-trend upper level at $71.28 mark nearby resistance; price 12-day EMA shows a dip-and-reversal, aligning with the recent recovery from intraday lows but not yet resolving the bearish momentum signals.
Fundamental Analysis
Profitability and margins: EBIT stands at $52,424,000 and EBIT margin registers 6.07%. EBIT margin improved QoQ by 28.42% and improved YoY by 74.41%, signaling meaningful margin recovery. The EBIT margin sits below the industry peer mean of 11.25% and below the industry peer median of 12.55%, indicating lower operating efficiency relative to peers despite recent improvement.
Revenue and growth: Total revenue registers $863,277,000 and revenue growth shows a slight decline YoY of -0.71% with QoQ contraction evident; revenue momentum does not match the margin improvement, creating mixed fundamental dynamics for valuation support.
Earnings and estimates: Reported EPS equals $0.30 versus an estimate of $0.28, producing an EPS surprise of +7.14%. Forward EPS stands at $1.4075 with a forward P/E near 40.54, while trailing P/E runs at 202.63; the trailing P/E sits well above the industry peer mean P/E of 27.73, which signals stretched historical earnings multiple relative to peers.
Cash flow and liquidity: Operating cash flow registers $25,059,000 while free cash flow equals -$18,580,000 and free cash flow yield reads -1.24%. Cash and short-term investments total $200,505,000 against total debt of $1,709,651,000 and net debt near $1,382,339,000; interest coverage sits at 1.87. Current ratio at 0.65 and quick ratio at 0.49 present constrained near-term liquidity relative to typical operating benchmarks.
Capital structure and balance sheet notes: Total equity reads negative $571,256,000 and debt-to-EBITDA stands at 19.20, reflecting heavy leverage relative to earnings. Enterprise multiple registers 33.79 while market capitalization sits near $1.50 billion. WMDST values the stock as over-valued given the combination of elevated multiples, negative book value per share, and constrained cash-flow conversion.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-09-30 |
| REPORT DATE: | 2025-10-29 |
| NEXT REPORT DATE: | 2026-01-28 |
| CASH FLOW | Begin Period Cash Flow | $ 234.0 M |
| Operating Cash Flow | $ 25.1 M | |
| Capital Expenditures | $ -43.64 M | |
| Change In Working Capital | $ -30.06 M | |
| Dividends Paid | — | |
| Cash Flow Delta | $ -33.48 M | |
| End Period Cash Flow | $ 200.5 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 863.3 M | |
| Forward Revenue | $ 981.2 M | |
| COSTS | ||
| Cost Of Revenue | $ 460.5 M | |
| Depreciation | $ 32.4 M | |
| Depreciation and Amortization | $ 36.6 M | |
| Research and Development | $ 84.9 M | |
| Total Operating Expenses | $ 814.0 M | |
| PROFITABILITY | ||
| Gross Profit | $ 402.8 M | |
| EBITDA | $ 89.0 M | |
| EBIT | $ 52.4 M | |
| Operating Income | $ 49.3 M | |
| Interest Income | — | |
| Interest Expense | $ 28.1 M | |
| Net Interest Income | $ -28.07 M | |
| Income Before Tax | $ 24.4 M | |
| Tax Provision | $ 17.8 M | |
| Tax Rate | 21.0 % | |
| Net Income | $ 7.6 M | |
| Net Income From Continuing Operations | $ 6.5 M | |
| EARNINGS | ||
| EPS Estimate | $ 0.28 | |
| EPS Actual | $ 0.30 | |
| EPS Difference | $ 0.02 | |
| EPS Surprise | 7.143 % | |
| Forward EPS | $ 1.41 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 2.0 B | |
| Intangible Assets | $ 986.9 M | |
| Net Tangible Assets | $ -1.56 B | |
| Total Current Assets | $ 489.3 M | |
| Cash and Short-Term Investments | $ 200.5 M | |
| Cash | $ 200.5 M | |
| Net Receivables | $ 78.7 M | |
| Inventory | $ 119.5 M | |
| Long-Term Investments | $ 28.8 M | |
| LIABILITIES | ||
| Accounts Payable | $ 317.8 M | |
| Short-Term Debt | $ 9.0 M | |
| Total Current Liabilities | $ 754.6 M | |
| Net Debt | $ 1.4 B | |
| Total Debt | $ 1.7 B | |
| Total Liabilities | $ 2.5 B | |
| EQUITY | ||
| Total Equity | $ -571.26 M | |
| Retained Earnings | $ 230.7 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ -23.16 | |
| Shares Outstanding | 24.667 M | |
| Revenue Per-Share | $ 35.00 | |
| VALUATION | Market Capitalization | $ 1.5 B |
| Enterprise Value | $ 3.0 B | |
| Enterprise Multiple | 33.789 | |
| Enterprise Multiple QoQ | -6.158 % | |
| Enterprise Multiple YoY | 9.769 % | |
| Enterprise Multiple IPRWA | high: 265.872 mean: 34.153 CMPR: 33.789 median: 20.975 low: 18.779 |
|
| EV/R | 3.485 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | -3.442 | |
| Asset To Liability | 0.781 | |
| Debt To Capital | 1.502 | |
| Debt To Assets | 0.869 | |
| Debt To Assets QoQ | 0.228 % | |
| Debt To Assets YoY | 15452.236 % | |
| Debt To Assets IPRWA | CMPR: 0.869 high: 0.581 median: 0.433 mean: 0.389 low: 0.03 |
|
| Debt To Equity | -2.993 | |
| Debt To Equity QoQ | 2.291 % | |
| Debt To Equity YoY | 16121.084 % | |
| Debt To Equity IPRWA | high: 5.68 median: 2.263 mean: 2.188 low: 0.036 CMPR: -2.993 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | -2.625 | |
| Price To Book QoQ | 17.265 % | |
| Price To Book YoY | -28.604 % | |
| Price To Book IPRWA | high: 3.181 mean: 1.672 median: 1.252 low: 1.09 CMPR: -2.625 |
|
| Price To Earnings (P/E) | 202.631 | |
| Price To Earnings QoQ | -545.515 % | |
| Price To Earnings YoY | -221.91 % | |
| Price To Earnings IPRWA | CMPR: 202.631 high: 38.055 mean: 27.733 median: 24.97 low: 19.508 |
|
| PE/G Ratio | -1.566 | |
| Price To Sales (P/S) | 1.737 | |
| Price To Sales QoQ | 15.632 % | |
| Price To Sales YoY | -33.395 % | |
| Price To Sales IPRWA | high: 4.737 mean: 2.275 CMPR: 1.737 median: 1.538 low: 0.523 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 40.54 | |
| Forward PE/G | -0.313 | |
| Forward P/S | 1.528 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | -38.541 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.439 | |
| Asset Turnover Ratio QoQ | -2.942 % | |
| Asset Turnover Ratio YoY | 2.92 % | |
| Asset Turnover Ratio IPRWA | high: 0.469 CMPR: 0.439 mean: 0.277 median: 0.246 low: 0.211 |
|
| Receivables Turnover | 11.744 | |
| Receivables Turnover Ratio QoQ | -9.213 % | |
| Receivables Turnover Ratio YoY | 0.907 % | |
| Receivables Turnover Ratio IPRWA | CMPR: 11.744 high: 4.018 mean: 3.165 median: 2.689 low: 1.81 |
|
| Inventory Turnover | 3.964 | |
| Inventory Turnover Ratio QoQ | -6.796 % | |
| Inventory Turnover Ratio YoY | -2.733 % | |
| Inventory Turnover Ratio IPRWA | high: 7.366 mean: 4.479 CMPR: 3.964 median: 2.747 low: 0.49 |
|
| Days Sales Outstanding (DSO) | 7.77 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | -33.949 | |
| Cash Conversion Cycle Days QoQ | -11.8 % | |
| Cash Conversion Cycle Days YoY | -7.237 % | |
| Cash Conversion Cycle Days IPRWA | high: 198.937 mean: 24.844 median: 21.319 low: -24.023 CMPR: -33.949 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | -3.253 | |
| CapEx To Revenue | -0.051 | |
| CapEx To Depreciation | -1.348 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 1.0 B | |
| Net Invested Capital | $ 1.0 B | |
| Invested Capital | $ 1.0 B | |
| Net Tangible Assets | $ -1.56 B | |
| Net Working Capital | $ -265.37 M | |
| LIQUIDITY | ||
| Cash Ratio | 0.266 | |
| Current Ratio | 0.648 | |
| Current Ratio QoQ | -2.134 % | |
| Current Ratio YoY | 1.538 % | |
| Current Ratio IPRWA | high: 3.375 mean: 1.685 median: 0.992 low: 0.981 CMPR: 0.648 |
|
| Quick Ratio | 0.49 | |
| Quick Ratio QoQ | -4.608 % | |
| Quick Ratio YoY | 3.452 % | |
| Quick Ratio IPRWA | high: 1.867 mean: 1.112 median: 0.908 low: 0.612 CMPR: 0.49 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 19.201 | |
| Cost Of Debt | 1.298 % | |
| Interest Coverage Ratio | 1.868 | |
| Interest Coverage Ratio QoQ | 25.646 % | |
| Interest Coverage Ratio YoY | 109.375 % | |
| Interest Coverage Ratio IPRWA | high: 2.792 median: 2.546 mean: 2.351 CMPR: 1.868 low: -0.918 |
|
| Operating Cash Flow Ratio | 0.017 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 64.931 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | — | |
| Dividend Payout Ratio | — | |
| Dividend Rate | — | |
| Dividend Yield | — | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | -0.081 % | |
| Revenue Growth | -0.714 % | |
| Revenue Growth QoQ | -107.045 % | |
| Revenue Growth YoY | -78.494 % | |
| Revenue Growth IPRWA | high: 3.642 % median: 2.815 % mean: 2.518 % CMPR: -0.714 % low: -4.259 % |
|
| Earnings Growth | -129.412 % | |
| Earnings Growth QoQ | -161.893 % | |
| Earnings Growth YoY | 16.016 % | |
| Earnings Growth IPRWA | high: 125.0 % mean: 5.629 % median: 3.125 % CMPR: -129.412 % low: -142.857 % |
|
| MARGINS | ||
| Gross Margin | 46.66 % | |
| Gross Margin QoQ | -1.719 % | |
| Gross Margin YoY | -1.735 % | |
| Gross Margin IPRWA | high: 53.884 % CMPR: 46.66 % mean: 40.685 % median: 32.223 % low: 22.772 % |
|
| EBIT Margin | 6.073 % | |
| EBIT Margin QoQ | 28.42 % | |
| EBIT Margin YoY | 74.411 % | |
| EBIT Margin IPRWA | high: 14.39 % median: 12.549 % mean: 11.251 % CMPR: 6.073 % low: -2.249 % |
|
| Return On Sales (ROS) | 5.707 % | |
| Return On Sales QoQ | -29.351 % | |
| Return On Sales YoY | 63.9 % | |
| Return On Sales IPRWA | high: 14.576 % median: 12.549 % mean: 11.595 % CMPR: 5.707 % low: -1.961 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ -18.58 M | |
| Free Cash Flow Yield | -1.239 % | |
| Free Cash Flow Yield QoQ | -123.068 % | |
| Free Cash Flow Yield YoY | -4.324 % | |
| Free Cash Flow Yield IPRWA | high: 5.278 % median: 1.934 % mean: 1.925 % CMPR: -1.239 % low: -6.697 % |
|
| Free Cash Growth | -126.483 % | |
| Free Cash Growth QoQ | -60.859 % | |
| Free Cash Growth YoY | -0.625 % | |
| Free Cash Growth IPRWA | high: 57.732 % median: 37.136 % mean: 4.9 % CMPR: -126.483 % low: -159.884 % |
|
| Free Cash To Net Income | -2.433 | |
| Cash Flow Margin | 1.497 % | |
| Cash Flow To Earnings | 1.692 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.03 | |
| Return On Assets (ROA) | 0.388 % | |
| Return On Assets QoQ | -129.483 % | |
| Return On Assets YoY | -158.346 % | |
| Return On Assets IPRWA | high: 3.637 % mean: 1.762 % median: 1.317 % CMPR: 0.388 % low: -0.847 % |
|
| Return On Capital Employed (ROCE) | 4.326 % | |
| Return On Equity (ROE) | -0.013 | |
| Return On Equity QoQ | -130.814 % | |
| Return On Equity YoY | -160.828 % | |
| Return On Equity IPRWA | high: 0.105 mean: 0.055 median: 0.051 CMPR: -0.013 low: -0.016 |
|
| DuPont ROE | -1.323 % | |
| Return On Invested Capital (ROIC) | 4.094 % | |
| Return On Invested Capital QoQ | 26.28 % | |
| Return On Invested Capital YoY | -123.776 % | |
| Return On Invested Capital IPRWA | CMPR: 4.094 % high: 3.545 % mean: 2.729 % median: 2.63 % low: -0.499 % |
|