Recent News
On December 21, 2025 the company received inclusion in the S&P Technology Hardware Select Industry Index, increasing passive-fund exposure and index visibility; on December 5, 2025 VPG published a refreshed investor presentation outlining growth strategy and market applications across sensing, weighing, and measurement systems.
Technical Analysis
ADX registered at 48.91, indicating very strong directional strength and an overextended trending environment; that strength increases the probability of a continuation move in the short term but raises reversion risk if momentum stalls.
DI+ sits at 35.43 and trends increasing while DI- equals 9.84 and trends decreasing, which represents a clear bullish directional setup and reinforces price bias toward higher levels for now.
MACD equals 3.51 and the MACD line trades above the signal line (MACD signal 2.77); the MACD trend increases, a bullish momentum confirmation that supports additional upside in the immediate term.
MRO reads 35.85 and trends increasing; because the MRO is positive, price presently sits above the model target and therefore carries elevated risk of downward adjustment toward fair-value anchors despite ongoing momentum.
RSI at 64.96 and rising shows constructive momentum without severe overbought levels, though proximity to 70 signals diminishing margin for further uninterrupted gains; price trading above the 12-day EMA ($50.79) and the 20/50/200-day averages ($49.42, $41.92, $32.48 respectively) confirms price leadership versus moving averages.
Price interaction with Bollinger bands places the close ($55.07) above the 1x upper band ($54.24) but below the 2x upper band ($59.06), indicating stretched short-term positioning while leaving room for a controlled continuation or a mean-reversion event toward the mid-$40s; the super trend lower support sits near $48.44 and will act as a short-term technical support reference. Beta measures (42‑day 1.86; 52‑week 1.90) underline elevated volatility relative to the market.
Fundamental Analysis
Revenue shows mixed timing: YoY revenue growth equals -3.88% while quarter-over-quarter revenue growth equals 27.46%, signaling recent acceleration against a weaker annual comparison.
Profitability improved: EBIT margin equals 12.94%, up 5.73 percentage points QoQ and up 7.21 percentage points YoY; that margin sits below the industry peer mean of 16.76% and the industry peer median of 17.43% but clearly above the industry peer low. EBITDA totals $14,307,000 and operating margin equals 6.04% with operating margin QoQ up 0.57 percentage points, supporting the recent upward margin trajectory.
Earnings per share came in at $0.26 versus an estimate of $0.20, a $0.06 beat representing a 30% positive surprise; forward EPS equals $0.264 and forward P/E equals 109.09, leaving trailing P/E near $124.98—both multiples trade above the industry peer mean P/E of 99.32, indicating premium valuation on earnings expectations.
Liquidity and leverage present a conservative profile: cash and short-term investments total $86,253,000, current ratio equals 4.10 and quick ratio equals 2.71; total debt equals $43,832,000 and debt-to-assets equals 9.48%, which sits well below the industry peer mean debt-to-assets of 25.08%. Interest coverage equals 24.28x, above the industry peer mean of 15.27x, reducing near-term solvency risk.
Cash generation remains a constraining factor: free cash flow equals -$3,450,000 and free cash flow yield equals -0.8%, while operating cash flow equals -$1,257,000; negative free cash flow and recent operating cash outflow limit margin of safety despite strong cash balances. Return on equity equals 2.33% and return on assets equals 1.69%, both modest given the company’s capital base.
Valuation summary: WMDST values the stock as over‑valued. The valuation outcome reflects high earnings multiples (trailing and forward P/E above the industry peer mean), negative free cash flow, and a price near the 52‑week high ($56.13). Margin improvements, an EPS beat, strong liquidity, and low leverage support fundamental durability but do not offset the stretched market multiples.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-09-30 |
| REPORT DATE: | 2025-11-04 |
| NEXT REPORT DATE: | 2026-02-03 |
| CASH FLOW | Begin Period Cash Flow | $ 90.4 M |
| Operating Cash Flow | $ -1.26 M | |
| Capital Expenditures | $ -2.19 M | |
| Change In Working Capital | $ -7.28 M | |
| Dividends Paid | — | |
| Cash Flow Delta | $ -4.12 M | |
| End Period Cash Flow | $ 86.3 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 79.7 M | |
| Forward Revenue | $ 8.9 M | |
| COSTS | ||
| Cost Of Revenue | $ 47.6 M | |
| Depreciation | $ 3.0 M | |
| Depreciation and Amortization | $ 4.0 M | |
| Research and Development | — | |
| Total Operating Expenses | $ 74.9 M | |
| PROFITABILITY | ||
| Gross Profit | $ 32.1 M | |
| EBITDA | $ 14.3 M | |
| EBIT | $ 10.3 M | |
| Operating Income | $ 4.8 M | |
| Interest Income | $ 489.0 K | |
| Interest Expense | $ 425.0 K | |
| Net Interest Income | $ 64.0 K | |
| Income Before Tax | $ 9.9 M | |
| Tax Provision | $ 2.0 M | |
| Tax Rate | 19.8 % | |
| Net Income | $ 7.9 M | |
| Net Income From Continuing Operations | $ 7.9 M | |
| EARNINGS | ||
| EPS Estimate | $ 0.20 | |
| EPS Actual | $ 0.26 | |
| EPS Difference | $ 0.06 | |
| EPS Surprise | 30.0 % | |
| Forward EPS | $ 0.26 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 462.3 M | |
| Intangible Assets | $ 86.4 M | |
| Net Tangible Assets | $ 251.3 M | |
| Total Current Assets | $ 252.3 M | |
| Cash and Short-Term Investments | $ 86.3 M | |
| Cash | $ 86.3 M | |
| Net Receivables | $ 59.6 M | |
| Inventory | $ 86.0 M | |
| Long-Term Investments | $ 24.2 M | |
| LIABILITIES | ||
| Accounts Payable | $ 10.8 M | |
| Short-Term Debt | — | |
| Total Current Liabilities | $ 61.5 M | |
| Net Debt | — | |
| Total Debt | $ 43.8 M | |
| Total Liabilities | $ 124.5 M | |
| EQUITY | ||
| Total Equity | $ 337.8 M | |
| Retained Earnings | $ 199.1 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 25.44 | |
| Shares Outstanding | 13.279 M | |
| Revenue Per-Share | $ 6.00 | |
| VALUATION | Market Capitalization | $ 431.5 M |
| Enterprise Value | $ 389.1 M | |
| Enterprise Multiple | 27.194 | |
| Enterprise Multiple QoQ | -55.66 % | |
| Enterprise Multiple YoY | -47.017 % | |
| Enterprise Multiple IPRWA | high: 230.414 median: 74.716 mean: 63.105 VPG: 27.194 low: -236.709 |
|
| EV/R | 4.88 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 1.369 | |
| Asset To Liability | 3.713 | |
| Debt To Capital | 0.115 | |
| Debt To Assets | 0.095 | |
| Debt To Assets QoQ | -19.836 % | |
| Debt To Assets YoY | 982.306 % | |
| Debt To Assets IPRWA | high: 0.788 median: 0.28 mean: 0.251 VPG: 0.095 low: 0.002 |
|
| Debt To Equity | 0.13 | |
| Debt To Equity QoQ | -21.938 % | |
| Debt To Equity YoY | 958.483 % | |
| Debt To Equity IPRWA | high: 2.012 median: 0.644 mean: 0.599 VPG: 0.13 low: -1.286 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 1.278 | |
| Price To Book QoQ | 17.413 % | |
| Price To Book YoY | 24.557 % | |
| Price To Book IPRWA | high: 15.545 mean: 6.807 median: 5.079 VPG: 1.278 low: -8.049 |
|
| Price To Earnings (P/E) | 124.976 | |
| Price To Earnings QoQ | -20.172 % | |
| Price To Earnings YoY | -7.296 % | |
| Price To Earnings IPRWA | high: 383.521 VPG: 124.976 median: 99.818 mean: 99.325 low: -251.079 |
|
| PE/G Ratio | 2.361 | |
| Price To Sales (P/S) | 5.412 | |
| Price To Sales QoQ | 12.875 % | |
| Price To Sales YoY | 20.86 % | |
| Price To Sales IPRWA | high: 57.726 mean: 16.302 median: 15.795 VPG: 5.412 low: 0.0 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 109.089 | |
| Forward PE/G | 2.061 | |
| Forward P/S | 47.889 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 100.975 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.172 | |
| Asset Turnover Ratio QoQ | 5.107 % | |
| Asset Turnover Ratio YoY | 4.991 % | |
| Asset Turnover Ratio IPRWA | high: 0.503 mean: 0.197 median: 0.19 VPG: 0.172 low: 0.001 |
|
| Receivables Turnover | 1.429 | |
| Receivables Turnover Ratio QoQ | -2.828 % | |
| Receivables Turnover Ratio YoY | -3.062 % | |
| Receivables Turnover Ratio IPRWA | high: 3.347 mean: 1.504 VPG: 1.429 median: 1.405 low: 0.271 |
|
| Inventory Turnover | 0.553 | |
| Inventory Turnover Ratio QoQ | 5.557 % | |
| Inventory Turnover Ratio YoY | 8.408 % | |
| Inventory Turnover Ratio IPRWA | high: 2.365 median: 1.117 mean: 1.032 VPG: 0.553 low: 0.134 |
|
| Days Sales Outstanding (DSO) | 63.86 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 218.608 | |
| Cash Conversion Cycle Days QoQ | 1.518 % | |
| Cash Conversion Cycle Days YoY | -1.254 % | |
| Cash Conversion Cycle Days IPRWA | high: 384.751 VPG: 218.608 mean: 106.28 median: 85.242 low: -90.357 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 0.418 | |
| CapEx To Revenue | -0.028 | |
| CapEx To Depreciation | -0.73 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 358.3 M | |
| Net Invested Capital | $ 358.3 M | |
| Invested Capital | $ 358.3 M | |
| Net Tangible Assets | $ 251.3 M | |
| Net Working Capital | $ 190.8 M | |
| LIQUIDITY | ||
| Cash Ratio | 1.403 | |
| Current Ratio | 4.103 | |
| Current Ratio QoQ | -5.713 % | |
| Current Ratio YoY | -6.882 % | |
| Current Ratio IPRWA | high: 8.726 VPG: 4.103 mean: 2.292 median: 2.07 low: 0.373 |
|
| Quick Ratio | 2.705 | |
| Quick Ratio QoQ | -5.609 % | |
| Quick Ratio YoY | -3.408 % | |
| Quick Ratio IPRWA | high: 6.406 VPG: 2.705 mean: 1.534 median: 1.388 low: 0.295 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 3.064 | |
| Cost Of Debt | 0.689 % | |
| Interest Coverage Ratio | 24.278 | |
| Interest Coverage Ratio QoQ | 823.424 % | |
| Interest Coverage Ratio YoY | 1217.583 % | |
| Interest Coverage Ratio IPRWA | high: 93.794 VPG: 24.278 mean: 15.274 median: 14.249 low: -113.26 |
|
| Operating Cash Flow Ratio | 0.082 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 21.634 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | — | |
| Dividend Payout Ratio | — | |
| Dividend Rate | — | |
| Dividend Yield | — | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | -0.695 % | |
| Revenue Growth | 6.076 % | |
| Revenue Growth QoQ | 27.46 % | |
| Revenue Growth YoY | -387.962 % | |
| Revenue Growth IPRWA | high: 68.321 % median: 6.163 % VPG: 6.076 % mean: 6.032 % low: -44.732 % |
|
| Earnings Growth | 52.941 % | |
| Earnings Growth QoQ | -115.441 % | |
| Earnings Growth YoY | -236.763 % | |
| Earnings Growth IPRWA | high: 164.706 % VPG: 52.941 % median: 14.085 % mean: 9.393 % low: -200.0 % |
|
| MARGINS | ||
| Gross Margin | 40.293 % | |
| Gross Margin QoQ | -1.012 % | |
| Gross Margin YoY | 0.836 % | |
| Gross Margin IPRWA | high: 97.907 % VPG: 40.293 % mean: 38.69 % median: 38.088 % low: -43.101 % |
|
| EBIT Margin | 12.942 % | |
| EBIT Margin QoQ | 572.661 % | |
| EBIT Margin YoY | 720.672 % | |
| EBIT Margin IPRWA | high: 44.499 % median: 17.428 % mean: 16.764 % VPG: 12.942 % low: -228.471 % |
|
| Return On Sales (ROS) | 6.038 % | |
| Return On Sales QoQ | 57.486 % | |
| Return On Sales YoY | 282.879 % | |
| Return On Sales IPRWA | high: 44.617 % median: 17.308 % mean: 16.375 % VPG: 6.038 % low: -228.471 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ -3.45 M | |
| Free Cash Flow Yield | -0.8 % | |
| Free Cash Flow Yield QoQ | -161.209 % | |
| Free Cash Flow Yield YoY | 3.627 % | |
| Free Cash Flow Yield IPRWA | high: 2.804 % median: 0.858 % mean: 0.661 % VPG: -0.8 % low: -13.716 % |
|
| Free Cash Growth | -173.264 % | |
| Free Cash Growth QoQ | -770.474 % | |
| Free Cash Growth YoY | 12.606 % | |
| Free Cash Growth IPRWA | high: 288.449 % median: 8.386 % mean: -14.565 % VPG: -173.264 % low: -351.784 % |
|
| Free Cash To Net Income | -0.439 | |
| Cash Flow Margin | 6.314 % | |
| Cash Flow To Earnings | 0.641 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | 1.694 % | |
| Return On Assets QoQ | 3037.037 % | |
| Return On Assets YoY | -680.137 % | |
| Return On Assets IPRWA | high: 6.668 % mean: 2.325 % median: 1.803 % VPG: 1.694 % low: -24.617 % |
|
| Return On Capital Employed (ROCE) | 2.574 % | |
| Return On Equity (ROE) | 0.023 | |
| Return On Equity QoQ | 3002.667 % | |
| Return On Equity YoY | -668.949 % | |
| Return On Equity IPRWA | high: 0.191 mean: 0.053 median: 0.046 VPG: 0.023 low: -0.264 |
|
| DuPont ROE | 2.349 % | |
| Return On Invested Capital (ROIC) | 2.309 % | |
| Return On Invested Capital QoQ | 633.016 % | |
| Return On Invested Capital YoY | -288.49 % | |
| Return On Invested Capital IPRWA | high: 9.897 % mean: 3.35 % median: 2.735 % VPG: 2.309 % low: -14.977 % |
|