Recent News
On October 27, 2025 the board authorized a new $1.2 billion common-stock repurchase program and declared a $0.15 quarterly cash dividend payable January 2, 2026.
In mid-December 2025, a market research note highlighted improving relative strength and a chart pattern breakout into a buy zone, noting momentum improvement but still short of top technical benchmarks.
Technical Analysis
ADX at 44.2 signals very strong trend strength; that strength amplifies directional signals and implies moves carry conviction rather than random noise.
DI+ sits at 29.65 with a dip-and-reversal, a bullish directional shift, while DI- at 7.48 shows a decreasing trajectory; together these directional indicators bias price action higher and support the near-term bullish momentum.
MACD stands at 0.64 and the MACD line has crossed above its 0.53 signal line, while the MACD trend shows increasing momentum; that crossover confirms accelerating bullish momentum and supports continuation of recent gains.
MRO at 5.61 with a peak-and-reversal signals the price currently trades above the model target and faces potential downward pressure from momentum exhaustion despite broader bullish signals.
RSI at 60.57 and rising points to constructive momentum without extended overbought readings, consistent with room for further upside before extreme conditions emerge.
Price sits above key averages: close $24.51 versus the 20-day average $23.80, 50-day average $22.05 and 200-day average $20.88, while the 12-day EMA at $23.95 trends higher; these relationships reinforce the bullish price bias and place near-term support near the super-trend lower line at $23.58.
Bollinger boundaries place the close near the upper 1x band ($24.52) and close to the 52-week high ($24.75), indicating price tests of the short-term range top; low trading volume relative to 10/50/200-day averages suggests current moves lack broad participation, which can limit the durability of breakouts.
Fundamental Analysis
Earnings: Reported EPS $0.51 versus an estimate of $0.45, producing an EPS surprise of 13.33%, and reported net income of $262,000,000 for the period; those results reinforce earnings momentum embedded in current multiples.
Profitability and returns: Return on equity registers 3.05% and return on assets 0.317%, with QoQ improvements of 7.935% and 7.458% respectively; ROE sits slightly above the industry peer mean of 2.846%, indicating comparative efficiency in generating shareholder returns.
Revenue and interest income: Total revenue $865,000,000 and net interest income $674,000,000; reported revenue growth of 7.19% and year-over-year earnings growth of 13.33% underpin multiple expansion despite mixed cash-flow signals.
Cash flow and capital: Operating cash flow showed an outflow of $200,000,000 and free cash flow registered negative $208,000,000, yielding a free cash flow yield of -1.88%, which sits well below the industry peer mean free cash flow yield of 2.78%; negative free cash flow constrains intrinsic-value support even with capital returns announced.
Balance sheet and leverage: Total assets $83,192,000,000, total equity $8,600,000,000, and debt-to-assets 3.515%, which remains below the industry peer mean debt-to-assets of 5.628%; the lighter leverage profile supports capital return capacity while limiting balance-sheet risk.
Valuation metrics: Price-to-book 1.289 sits above the industry peer mean book multiple of 1.2447 and median 1.15007; price-to-earnings 43.45 exceeds the industry peer mean of 42.9964 but only marginally; price-to-sales 12.82 aligns with the industry peer mean of 12.812. PEG at 3.26 compares below the industry peer mean of 4.6578. Despite pockets of relative parity, the aggregate picture drives WMDST’s current valuation view.
Dividend and capital policy: Dividend payout ratio 32.06% with a dividend yield of 0.76% and announced board actions to return capital via buybacks and dividends; the new $1.2 billion repurchase program materially increases cash deployment for shareholder returns.
Valuation summary: WMDST values the stock as over-valued. Elevated P/E and P/S multiples combined with negative free cash flow yield create upward price expectations that exceed fundamental cash-generation support despite modestly above-mean ROE and recent EPS beats.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-09-30 |
| REPORT DATE: | 2025-10-15 |
| NEXT REPORT DATE: | 2026-01-14 |
| CASH FLOW | Begin Period Cash Flow | $ 1.5 B |
| Operating Cash Flow | $ -200.00 M | |
| Capital Expenditures | $ -8.00 M | |
| Change In Working Capital | $ -445.00 M | |
| Dividends Paid | $ -84.00 M | |
| Cash Flow Delta | $ 171.0 M | |
| End Period Cash Flow | $ 1.7 B | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 865.0 M | |
| Forward Revenue | $ 204.2 M | |
| COSTS | ||
| Cost Of Revenue | — | |
| Depreciation | $ 14.0 M | |
| Depreciation and Amortization | $ 6.0 M | |
| Research and Development | — | |
| Total Operating Expenses | — | |
| PROFITABILITY | ||
| Gross Profit | — | |
| EBITDA | — | |
| EBIT | — | |
| Operating Income | — | |
| Interest Income | $ 1.1 B | |
| Interest Expense | $ 403.0 M | |
| Net Interest Income | $ 674.0 M | |
| Income Before Tax | $ 344.0 M | |
| Tax Provision | $ 78.0 M | |
| Tax Rate | 22.7 % | |
| Net Income | $ 262.0 M | |
| Net Income From Continuing Operations | $ 265.0 M | |
| EARNINGS | ||
| EPS Estimate | $ 0.45 | |
| EPS Actual | $ 0.51 | |
| EPS Difference | $ 0.06 | |
| EPS Surprise | 13.333 % | |
| Forward EPS | $ 0.49 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 83.2 B | |
| Intangible Assets | $ 1.6 B | |
| Net Tangible Assets | $ 7.3 B | |
| Total Current Assets | — | |
| Cash and Short-Term Investments | — | |
| Cash | $ 2.1 B | |
| Net Receivables | — | |
| Inventory | — | |
| Long-Term Investments | — | |
| LIABILITIES | ||
| Accounts Payable | — | |
| Short-Term Debt | $ 1.6 B | |
| Total Current Liabilities | — | |
| Net Debt | $ 784.0 M | |
| Total Debt | $ 2.9 B | |
| Total Liabilities | $ 73.9 B | |
| EQUITY | ||
| Total Equity | $ 8.6 B | |
| Retained Earnings | $ 4.8 B | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 17.19 | |
| Shares Outstanding | 500.368 M | |
| Revenue Per-Share | $ 1.73 | |
| VALUATION | Market Capitalization | $ 11.1 B |
| Enterprise Value | $ 14.0 B | |
| Enterprise Multiple | — | |
| Enterprise Multiple QoQ | — | |
| Enterprise Multiple YoY | — | |
| Enterprise Multiple IPRWA | — | |
| EV/R | 16.198 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 9.673 | |
| Asset To Liability | 1.125 | |
| Debt To Capital | 0.254 | |
| Debt To Assets | 0.035 | |
| Debt To Assets QoQ | 80.072 % | |
| Debt To Assets YoY | 330.233 % | |
| Debt To Assets IPRWA | high: 0.165 mean: 0.056 median: 0.053 FHN: 0.035 low: 0.0 |
|
| Debt To Equity | 0.34 | |
| Debt To Equity QoQ | 81.159 % | |
| Debt To Equity YoY | 332.956 % | |
| Debt To Equity IPRWA | high: 1.525 mean: 0.513 median: 0.455 FHN: 0.34 low: -0.109 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 1.289 | |
| Price To Book QoQ | 0.81 % | |
| Price To Book YoY | 35.247 % | |
| Price To Book IPRWA | high: 2.042 FHN: 1.289 mean: 1.245 median: 1.15 low: 0.284 |
|
| Price To Earnings (P/E) | 43.449 | |
| Price To Earnings QoQ | -3.005 % | |
| Price To Earnings YoY | 18.53 % | |
| Price To Earnings IPRWA | high: 75.793 FHN: 43.449 mean: 42.996 median: 41.642 low: 9.669 |
|
| PE/G Ratio | 3.259 | |
| Price To Sales (P/S) | 12.818 | |
| Price To Sales QoQ | -5.244 % | |
| Price To Sales YoY | 25.47 % | |
| Price To Sales IPRWA | high: 24.051 FHN: 12.818 mean: 12.812 median: 12.491 low: 0.117 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 56.063 | |
| Forward PE/G | 4.205 | |
| Forward P/S | 68.4 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | — | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.01 | |
| Asset Turnover Ratio QoQ | 6.079 % | |
| Asset Turnover Ratio YoY | 7.605 % | |
| Asset Turnover Ratio IPRWA | high: 0.016 FHN: 0.01 mean: 0.01 median: 0.01 low: 0.005 |
|
| Receivables Turnover | — | |
| Receivables Turnover Ratio QoQ | — | |
| Receivables Turnover Ratio YoY | — | |
| Receivables Turnover Ratio IPRWA | — | |
| Inventory Turnover | — | |
| Inventory Turnover Ratio QoQ | — | |
| Inventory Turnover Ratio YoY | — | |
| Inventory Turnover Ratio IPRWA | — | |
| Days Sales Outstanding (DSO) | — | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | — | |
| Cash Conversion Cycle Days QoQ | — | |
| Cash Conversion Cycle Days YoY | — | |
| Cash Conversion Cycle Days IPRWA | high: 84.471 mean: 35.522 median: 34.679 FHN: 0 low: -17.91 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | — | |
| CapEx To Revenue | -0.009 | |
| CapEx To Depreciation | -0.571 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 10.3 B | |
| Net Invested Capital | $ 11.5 B | |
| Invested Capital | $ 11.5 B | |
| Net Tangible Assets | $ 7.3 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 | 13.766 % | |
| 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 | 3.119 | |
| Dividend Payout Ratio | 0.321 | |
| Dividend Rate | $ 0.17 | |
| Dividend Yield | 0.008 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 1.35 % | |
| Revenue Growth | 7.187 % | |
| Revenue Growth QoQ | 215.081 % | |
| Revenue Growth YoY | 469.042 % | |
| Revenue Growth IPRWA | high: 23.369 % FHN: 7.187 % mean: 4.907 % median: 4.033 % low: -9.66 % |
|
| Earnings Growth | 13.333 % | |
| Earnings Growth QoQ | 86.658 % | |
| Earnings Growth YoY | -20.004 % | |
| Earnings Growth IPRWA | high: 63.889 % FHN: 13.333 % median: 8.04 % mean: 7.498 % low: -37.5 % |
|
| 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) | $ -208.00 M | |
| Free Cash Flow Yield | -1.876 % | |
| Free Cash Flow Yield QoQ | -376.696 % | |
| Free Cash Flow Yield YoY | -140.128 % | |
| Free Cash Flow Yield IPRWA | high: 9.814 % mean: 2.782 % median: 2.661 % FHN: -1.876 % low: -3.401 % |
|
| Free Cash Growth | -381.081 % | |
| Free Cash Growth QoQ | 387.098 % | |
| Free Cash Growth YoY | 12.783 % | |
| Free Cash Growth IPRWA | high: 435.53 % mean: 24.887 % median: 4.44 % FHN: -381.081 % low: -394.679 % |
|
| Free Cash To Net Income | -0.794 | |
| Cash Flow Margin | 30.983 % | |
| Cash Flow To Earnings | 1.023 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.06 | |
| Return On Assets (ROA) | 0.317 % | |
| Return On Assets QoQ | 7.458 % | |
| Return On Assets YoY | 20.076 % | |
| Return On Assets IPRWA | high: 0.657 % FHN: 0.317 % mean: 0.305 % median: 0.301 % low: 0.027 % |
|
| Return On Capital Employed (ROCE) | — | |
| Return On Equity (ROE) | 0.03 | |
| Return On Equity QoQ | 7.935 % | |
| Return On Equity YoY | 20.15 % | |
| Return On Equity IPRWA | high: 0.052 FHN: 0.03 median: 0.03 mean: 0.028 low: 0.002 |
|
| DuPont ROE | 3.059 % | |
| Return On Invested Capital (ROIC) | — | |
| Return On Invested Capital QoQ | — | |
| Return On Invested Capital YoY | — | |
| Return On Invested Capital IPRWA | — | |