Recent News
On February 4, 2026 the company reported fiscal Q1 results showing materially higher revenue and earnings, with management citing store acquisitions completed in early January that added more than 100 international locations and incremental U.S. footprint expansion; subsequent commentary and analyst notes in early February highlighted upgraded ratings and the stock reaching a 52-week high.
Technical Analysis
Directional strength registers at an ADX of 28.17, indicating a strong underlying trend in place without implying directionality; this strength supports the near-term valuation bias derived from improving operating metrics.
DI+ sits at 31.98 with a peak-and-reversal characteristic, which signals bearish directional pressure; DI- at 14.93 shows a dip-and-reversal pattern that also signals bearish bias. Taken together, directional indicators caution that the current trend carries reversal risk that could blunt momentum-driven gains.
MACD reads 1.02, rising and above its 0.84 signal line; that crossover and increasing MACD trend represent bullish momentum and strengthen the case for upward price follow-through in the near term.
MRO stands at 38.61 and is increasing, indicating the current price sits above modeled target levels and that downward pressure toward fair-value anchors likely increases as MRO strength grows.
RSI at 63.19 and increasing shows firm buying momentum without overbought readings; the indicator supports further appreciation room before technical overextension.
Price trades above the 12-day EMA ($24.01), the 20-day average ($23.58), the 50-day average ($21.50) and the 200-day average ($17.36), with the close ($25.13) near the upper Bollinger band (upper 1σ $25.41); the alignment of moving averages confirms short-to-intermediate bullish breadth while proximity to the upper band highlights elevated near-term reversion risk.
Ichimoku components (Tenkan/Kijun $23.38; Senkou A $20.38; Senkou B $19.24) sit below price, reinforcing a bullish cloud environment. Short-term volatility (42-day beta 1.58) exceeds the 52-week beta (0.39), implying elevated recent sensitivity to market moves; volume sits near its 10-day average, supporting the validity of recent price moves.
Fundamental Analysis
Top-line and margin profile: total revenue reached $382,019,000 while gross profit measured $222,966,000, producing a gross margin of 58.37%. YoY revenue growth registered 54.31% and quarter-over-quarter revenue growth registered 61.58%, which underpin a marked improvement in operating leverage and gross profitability.
Operating performance shows operating margin of 15.89% with a QoQ lift of 45.78%; EBIT totaled $67,337,000 producing an EBIT margin of 17.63% and QoQ EBIT margin improvement of 33.70% and YoY improvement of 26.73%, reinforcing the valuation case embedded below.
Earnings and consensus dynamics: diluted EPS came in at $0.55 versus an estimate of $0.43, a $0.12 beat representing a 27.91% EPS surprise; forward EPS sits at $0.5075 with a forward P/E of 37.11, while the reported trailing P/E equals 36.56, both below the industry peer mean and median P/E values provided.
Balance sheet and cash metrics show $465,911,000 in cash and short-term investments, a cash ratio of 2.45x and a current ratio of 6.03, indicating ample near-term liquidity; net debt totaled $52,644,000 and interest-coverage stood at 8.25x, supporting debt service capacity despite gross leverage measures.
Leverage and returns: debt-to-assets equals 38.52%, exceeding the industry peer mean of 22.5% and the peer median, while debt-to-equity stands near 0.715x and debt-to-EBITDA reads 10.06x. Return on assets equals 2.25%, above the industry peer mean, while return on equity equals 4.14%, below the peer mean; these data suggest efficient asset use but more modest equity returns relative to peers.
Operational efficiency: asset turnover equals 0.194 (above the industry peer mean), receivables turnover sits near 6.00, and inventory sits at $253,446,000 with days inventory outstanding of 165.6 days—inventory levels reflect the retail/resale nature of the business and have not materially compressed cash conversion cycle (167.7 days).
Valuation: WMDST values the stock as under-valued. Price-to-book stands at 1.16 versus an industry peer mean of 6.45 and median of 7.42, while price-to-sales equals 3.25 and enterprise multiple equals 20.24; the combination of elevated margins, strong liquidity and below-peer valuation multiples forms the basis of WMDST’s discounted valuation conclusion.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-12-31 |
| REPORT DATE: | 2026-02-04 |
| NEXT REPORT DATE: | 2026-05-06 |
| CASH FLOW | Begin Period Cash Flow | $ 484.7 M |
| Operating Cash Flow | $ 39.1 M | |
| Capital Expenditures | $ -7.46 M | |
| Change In Working Capital | $ -31.28 M | |
| Dividends Paid | — | |
| Cash Flow Delta | $ 1.4 M | |
| End Period Cash Flow | $ 486.1 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 382.0 M | |
| Forward Revenue | $ 67.5 M | |
| COSTS | ||
| Cost Of Revenue | $ 159.1 M | |
| Depreciation | $ 8.8 M | |
| Depreciation and Amortization | $ 8.8 M | |
| Research and Development | — | |
| Total Operating Expenses | $ 321.3 M | |
| PROFITABILITY | ||
| Gross Profit | $ 223.0 M | |
| EBITDA | $ 76.1 M | |
| EBIT | $ 67.3 M | |
| Operating Income | $ 60.7 M | |
| Interest Income | $ 4.8 M | |
| Interest Expense | $ 8.2 M | |
| Net Interest Income | $ -3.35 M | |
| Income Before Tax | $ 59.2 M | |
| Tax Provision | $ 14.9 M | |
| Tax Rate | 25.126 % | |
| Net Income | $ 44.3 M | |
| Net Income From Continuing Operations | $ 44.3 M | |
| EARNINGS | ||
| EPS Estimate | $ 0.43 | |
| EPS Actual | $ 0.55 | |
| EPS Difference | $ 0.12 | |
| EPS Surprise | 27.907 % | |
| Forward EPS | $ 0.51 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 2.0 B | |
| Intangible Assets | $ 390.7 M | |
| Net Tangible Assets | $ 680.0 M | |
| Total Current Assets | $ 1.1 B | |
| Cash and Short-Term Investments | $ 465.9 M | |
| Cash | $ 465.9 M | |
| Net Receivables | $ 63.5 M | |
| Inventory | $ 253.4 M | |
| Long-Term Investments | $ 31.8 M | |
| LIABILITIES | ||
| Accounts Payable | $ 16.9 M | |
| Short-Term Debt | — | |
| Total Current Liabilities | $ 190.0 M | |
| Net Debt | $ 52.6 M | |
| Total Debt | $ 765.5 M | |
| Total Liabilities | $ 916.8 M | |
| EQUITY | ||
| Total Equity | $ 1.1 B | |
| Retained Earnings | $ 657.0 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 17.35 | |
| Shares Outstanding | 61.695 M | |
| Revenue Per-Share | $ 6.19 | |
| VALUATION | Market Capitalization | $ 1.2 B |
| Enterprise Value | $ 1.5 B | |
| Enterprise Multiple | 20.241 | |
| Enterprise Multiple QoQ | -21.488 % | |
| Enterprise Multiple YoY | 80.836 % | |
| Enterprise Multiple IPRWA | — | |
| EV/R | 4.032 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 1.856 | |
| Asset To Liability | 2.168 | |
| Debt To Capital | 0.417 | |
| Debt To Assets | 0.385 | |
| Debt To Assets QoQ | -1.634 % | |
| Debt To Assets YoY | 459.515 % | |
| Debt To Assets IPRWA | high: 0.829 EZPW: 0.385 mean: 0.225 median: 0.193 low: 0.001 |
|
| Debt To Equity | 0.715 | |
| Debt To Equity QoQ | -4.037 % | |
| Debt To Equity YoY | 470.789 % | |
| Debt To Equity IPRWA | high: 6.673 mean: 1.796 median: 1.725 EZPW: 0.715 low: 0.011 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 1.159 | |
| Price To Book QoQ | 11.966 % | |
| Price To Book YoY | 43.978 % | |
| Price To Book IPRWA | high: 7.416 median: 7.416 mean: 6.445 EZPW: 1.159 low: 0.787 |
|
| Price To Earnings (P/E) | 36.561 | |
| Price To Earnings QoQ | -28.674 % | |
| Price To Earnings YoY | 27.426 % | |
| Price To Earnings IPRWA | high: 222.744 mean: 91.636 median: 54.291 EZPW: 36.561 low: 24.713 |
|
| PE/G Ratio | 0.592 | |
| Price To Sales (P/S) | 3.247 | |
| Price To Sales QoQ | 3.069 % | |
| Price To Sales YoY | 56.815 % | |
| Price To Sales IPRWA | high: 16.164 median: 13.079 mean: 12.049 EZPW: 3.247 low: 3.173 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 37.113 | |
| Forward PE/G | 0.601 | |
| Forward P/S | 18.381 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 3.847 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.194 | |
| Asset Turnover Ratio QoQ | 10.41 % | |
| Asset Turnover Ratio YoY | -9.351 % | |
| Asset Turnover Ratio IPRWA | high: 0.202 EZPW: 0.194 median: 0.064 mean: 0.063 low: 0.003 |
|
| Receivables Turnover | 5.998 | |
| Receivables Turnover Ratio QoQ | 13.284 % | |
| Receivables Turnover Ratio YoY | 12.069 % | |
| Receivables Turnover Ratio IPRWA | — | |
| Inventory Turnover | 0.634 | |
| Inventory Turnover Ratio QoQ | 8.645 % | |
| Inventory Turnover Ratio YoY | -7.962 % | |
| Inventory Turnover Ratio IPRWA | — | |
| Days Sales Outstanding (DSO) | 15.213 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 167.709 | |
| Cash Conversion Cycle Days QoQ | -1.832 % | |
| Cash Conversion Cycle Days YoY | 9.44 % | |
| Cash Conversion Cycle Days IPRWA | — | |
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 0.4 | |
| CapEx To Revenue | -0.02 | |
| CapEx To Depreciation | -0.851 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 1.6 B | |
| Net Invested Capital | $ 1.6 B | |
| Invested Capital | $ 1.6 B | |
| Net Tangible Assets | $ 680.0 M | |
| Net Working Capital | $ 955.3 M | |
| LIQUIDITY | ||
| Cash Ratio | 2.452 | |
| Current Ratio | 6.027 | |
| Current Ratio QoQ | 7.358 % | |
| Current Ratio YoY | 106.879 % | |
| Current Ratio IPRWA | — | |
| Quick Ratio | 4.693 | |
| Quick Ratio QoQ | 7.273 % | |
| Quick Ratio YoY | 120.561 % | |
| Quick Ratio IPRWA | — | |
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 10.06 | |
| Cost Of Debt | 0.799 % | |
| Interest Coverage Ratio | 8.246 | |
| Interest Coverage Ratio QoQ | 51.209 % | |
| Interest Coverage Ratio YoY | -41.725 % | |
| Interest Coverage Ratio IPRWA | — | |
| Operating Cash Flow Ratio | 0.223 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 13.15 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | — | |
| Dividend Payout Ratio | — | |
| Dividend Rate | — | |
| Dividend Yield | — | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 1.859 % | |
| Revenue Growth | 13.422 % | |
| Revenue Growth QoQ | 61.575 % | |
| Revenue Growth YoY | 54.311 % | |
| Revenue Growth IPRWA | EZPW: 13.422 % high: 13.13 % mean: 3.481 % median: 3.192 % low: -2.197 % |
|
| Earnings Growth | 61.765 % | |
| Earnings Growth QoQ | 1938.449 % | |
| Earnings Growth YoY | 0.369 % | |
| Earnings Growth IPRWA | high: 77.778 % EZPW: 61.765 % mean: -14.438 % median: -23.776 % low: -102.381 % |
|
| MARGINS | ||
| Gross Margin | 58.365 % | |
| Gross Margin QoQ | -1.002 % | |
| Gross Margin YoY | 0.789 % | |
| Gross Margin IPRWA | — | |
| EBIT Margin | 17.627 % | |
| EBIT Margin QoQ | 33.7 % | |
| EBIT Margin YoY | 26.731 % | |
| EBIT Margin IPRWA | — | |
| Return On Sales (ROS) | 15.888 % | |
| Return On Sales QoQ | 45.775 % | |
| Return On Sales YoY | 14.228 % | |
| Return On Sales IPRWA | — | |
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 31.7 M | |
| Free Cash Flow Yield | 2.555 % | |
| Free Cash Flow Yield QoQ | -24.139 % | |
| Free Cash Flow Yield YoY | -16.884 % | |
| Free Cash Flow Yield IPRWA | high: 18.363 % EZPW: 2.555 % mean: 2.222 % median: 0.945 % low: -7.381 % |
|
| Free Cash Growth | -11.341 % | |
| Free Cash Growth QoQ | -129.084 % | |
| Free Cash Growth YoY | -31.726 % | |
| Free Cash Growth IPRWA | high: 52.24 % EZPW: -11.341 % mean: -49.08 % median: -57.942 % low: -182.654 % |
|
| Free Cash To Net Income | 0.715 | |
| Cash Flow Margin | 11.091 % | |
| Cash Flow To Earnings | 0.956 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.03 | |
| Return On Assets (ROA) | 2.25 % | |
| Return On Assets QoQ | 61.522 % | |
| Return On Assets YoY | 8.538 % | |
| Return On Assets IPRWA | EZPW: 2.25 % high: 1.987 % mean: 0.826 % median: 0.824 % low: -0.083 % |
|
| Return On Capital Employed (ROCE) | 3.746 % | |
| Return On Equity (ROE) | 0.041 | |
| Return On Equity QoQ | 58.909 % | |
| Return On Equity YoY | 9.907 % | |
| Return On Equity IPRWA | high: 0.08 median: 0.074 mean: 0.068 EZPW: 0.041 low: -0.003 |
|
| DuPont ROE | 4.227 % | |
| Return On Invested Capital (ROIC) | 3.172 % | |
| Return On Invested Capital QoQ | 49.764 % | |
| Return On Invested Capital YoY | -106.777 % | |
| Return On Invested Capital IPRWA | — | |