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On January 26, 2026 the Board declared a quarterly cash dividend of $0.28 per share, payable February 19, 2026 and representing a 5.7% increase versus the prior payout.
Technical Analysis
ADX at 20.27 indicates an emerging trend strength rather than a firmly established move; momentum strength sits near the threshold between range and trend behavior.
DI+ shows a peak-and-reversal, which signals bearish directional pressure; DI- also shows a peak-and-reversal, which signals bullish directional pressure. Together these directional readings point to conflicting short-term forces and increased volatility risk until one side decisively dominates.
MACD stands negative at -0.37 with a peak-and-reversal pattern and a signal line at -0.20; the negative, declining MACD denotes bearish momentum at present and argues for caution about near-term upside.
MRO equals -20.63 (peak-and-reversal), which indicates the price sits below the regression target and implies upward potential as that gap compresses. This places a countervailing upward bias against the MACD’s bearish momentum.
RSI at 52.3 with a decreasing trend shows neither overbought nor oversold conditions but reveals recent weakening in buying conviction; the indicator supports a consolidation bias rather than a decisive breakout.
Price relationships: close at $98.22 sits below the 20- and 50-day averages (20-day $98.18, 50-day $100.17) and above the 200-day average ($94.82). The 12-day and short EMAs show peak-and-reversal behavior, reinforcing short-term weakness while longer-term structure remains positive.
Bollinger bands place the close between the 1x bands (lower $93.34 / upper $103.01), leaving room for range-bound movement; Ichimoku components (Tenkan $100.29, Kijun $100.86, Senkou A $98.56) place price near the lower cloud edge, consistent with consolidation near support.
Fundamental Analysis
Revenue and margin dynamics present bifurcated signals. Total revenue equals $506,855,000 with YoY revenue growth of 49.67% and QoQ growth of 12.21%; an aggregate revenue-growth metric reads -12.87%, indicating timing differences across reporting periods. Management commentary and filings show targets for 2026 sales of roughly $2.17–$2.24 billion and adjusted EPS guidance centered in the $4.40–$4.60 range.
Earnings per share for the most recent quarter came in at $0.87 versus an estimate of $0.89, producing an EPS surprise ratio of -2.25%, a modest shortfall noted in analyst summaries.
Profitability: gross margin stands at 33.84%, slightly below the industry peer mean of 37.10% and median of 36.05%; operating margin 10.24% and EBIT margin 10.10% both sit below the industry peer mean (~21.13%) and median (~24.86%), indicating compressed operating efficiency relative to peers.
Valuation ratios show mixed signals versus industry peer benchmarks. PE at 114.95 registers marginally above the industry peer mean (~110.17) and above the industry peer median (~96.49); price-to-book at 3.34 trades below the industry peer mean (~4.31) and median (~4.46). Free cash flow yield equals 2.01%, which sits above the industry peer mean cited in the dataset. WMDST values the stock as under-valued based on its internal model.
Balance sheet and cash flow strengths: operating cash flow $104,191,000 and free cash flow $88,674,000 provide solid coverage for the dividend (payout ratio ~32.65% and dividend coverage ~3.06). Interest coverage at 20.14 signals comfortable ability to service debt despite a debt-to-EBITDA of 3.45. Liquidity measures remain healthy (current ratio 2.79, quick ratio 1.18), although the cash conversion cycle of ~142 days exceeds the industry peer mean (~87 days), indicating lengthened working capital tied to inventory and receivables.
Asset productivity: asset turnover 0.257 sits above the industry peer mean of ~0.159, implying efficient use of assets to generate revenue despite margin compression. Return on equity at 2.97% trails the industry peer mean (~3.87%), reflecting restrained profitability relative to capital employed.
Valuation summary: mixed valuation multiples—elevated PE but below-average P/B and positive free cash flow yield—plus strong cash generation and a continued dividend increase frame WMDST’s view that the company appears under-valued on a multi-factor basis.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-12-31 |
| REPORT DATE: | 2026-02-17 |
| NEXT REPORT DATE: | 2026-05-19 |
| CASH FLOW | Begin Period Cash Flow | $ 102.9 M |
| Operating Cash Flow | $ 104.2 M | |
| Capital Expenditures | $ -15.52 M | |
| Change In Working Capital | $ 48.7 M | |
| Dividends Paid | $ -12.81 M | |
| Cash Flow Delta | $ -3.27 M | |
| End Period Cash Flow | $ 99.7 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 506.9 M | |
| Forward Revenue | $ 182.7 M | |
| COSTS | ||
| Cost Of Revenue | $ 335.4 M | |
| Depreciation | $ 16.6 M | |
| Depreciation and Amortization | $ 16.6 M | |
| Research and Development | — | |
| Total Operating Expenses | $ 455.0 M | |
| PROFITABILITY | ||
| Gross Profit | $ 171.5 M | |
| EBITDA | $ 67.8 M | |
| EBIT | $ 51.2 M | |
| Operating Income | $ 51.9 M | |
| Interest Income | — | |
| Interest Expense | $ 2.5 M | |
| Net Interest Income | $ -2.54 M | |
| Income Before Tax | $ 48.6 M | |
| Tax Provision | $ 9.1 M | |
| Tax Rate | 18.684 % | |
| Net Income | $ 39.2 M | |
| Net Income From Continuing Operations | $ 39.6 M | |
| EARNINGS | ||
| EPS Estimate | $ 0.89 | |
| EPS Actual | $ 0.87 | |
| EPS Difference | $ -0.02 | |
| EPS Surprise | -2.247 % | |
| Forward EPS | $ 1.28 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 1.9 B | |
| Intangible Assets | $ 649.8 M | |
| Net Tangible Assets | $ 672.8 M | |
| Total Current Assets | $ 958.6 M | |
| Cash and Short-Term Investments | $ 99.7 M | |
| Cash | $ 99.7 M | |
| Net Receivables | $ 247.5 M | |
| Inventory | $ 553.0 M | |
| Long-Term Investments | $ 9.3 M | |
| LIABILITIES | ||
| Accounts Payable | $ 175.0 M | |
| Short-Term Debt | $ 31.8 M | |
| Total Current Liabilities | $ 344.0 M | |
| Net Debt | $ 67.3 M | |
| Total Debt | $ 234.0 M | |
| Total Liabilities | $ 617.4 M | |
| EQUITY | ||
| Total Equity | $ 1.3 B | |
| Retained Earnings | $ 1.1 B | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 29.94 | |
| Shares Outstanding | 44.178 M | |
| Revenue Per-Share | $ 11.47 | |
| VALUATION | Market Capitalization | $ 4.4 B |
| Enterprise Value | $ 4.6 B | |
| Enterprise Multiple | 67.144 | |
| Enterprise Multiple QoQ | -34.346 % | |
| Enterprise Multiple YoY | -15.743 % | |
| Enterprise Multiple IPRWA | high: 81.749 median: 81.749 mean: 72.384 FELE: 67.144 low: -66.921 |
|
| EV/R | 8.981 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 1.47 | |
| Asset To Liability | 3.15 | |
| Debt To Capital | 0.15 | |
| Debt To Assets | 0.12 | |
| Debt To Assets QoQ | -11.207 % | |
| Debt To Assets YoY | 85.984 % | |
| Debt To Assets IPRWA | high: 0.344 mean: 0.167 low: 0.146 median: 0.146 FELE: 0.12 |
|
| Debt To Equity | 0.177 | |
| Debt To Equity QoQ | -13.865 % | |
| Debt To Equity YoY | 90.145 % | |
| Debt To Equity IPRWA | high: 0.832 mean: 0.265 low: 0.221 median: 0.221 FELE: 0.177 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 3.34 | |
| Price To Book QoQ | 3.87 % | |
| Price To Book YoY | -7.879 % | |
| Price To Book IPRWA | high: 7.309 median: 4.457 mean: 4.311 FELE: 3.34 low: -1.578 |
|
| Price To Earnings (P/E) | 114.946 | |
| Price To Earnings QoQ | 56.918 % | |
| Price To Earnings YoY | -17.588 % | |
| Price To Earnings IPRWA | high: 155.616 FELE: 114.946 mean: 110.167 median: 96.494 low: -6.477 |
|
| PE/G Ratio | -3.475 | |
| Price To Sales (P/S) | 8.716 | |
| Price To Sales QoQ | 19.631 % | |
| Price To Sales YoY | -7.777 % | |
| Price To Sales IPRWA | high: 23.703 median: 23.703 mean: 19.584 FELE: 8.716 low: 1.698 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 74.577 | |
| Forward PE/G | -2.255 | |
| Forward P/S | 24.177 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | -6.944 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.257 | |
| Asset Turnover Ratio QoQ | -11.244 % | |
| Asset Turnover Ratio YoY | -3.966 % | |
| Asset Turnover Ratio IPRWA | high: 0.367 FELE: 0.257 mean: 0.159 median: 0.124 low: 0.004 |
|
| Receivables Turnover | 1.882 | |
| Receivables Turnover Ratio QoQ | -1.912 % | |
| Receivables Turnover Ratio YoY | -3.375 % | |
| Receivables Turnover Ratio IPRWA | high: 1.973 FELE: 1.882 mean: 1.793 median: 1.772 low: 1.357 |
|
| Inventory Turnover | 0.598 | |
| Inventory Turnover Ratio QoQ | -8.44 % | |
| Inventory Turnover Ratio YoY | -6.253 % | |
| Inventory Turnover Ratio IPRWA | high: 1.499 median: 1.131 mean: 1.097 FELE: 0.598 low: 0.36 |
|
| Days Sales Outstanding (DSO) | 48.491 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 141.626 | |
| Cash Conversion Cycle Days QoQ | 2.124 % | |
| Cash Conversion Cycle Days YoY | 3.149 % | |
| Cash Conversion Cycle Days IPRWA | high: 342.062 FELE: 141.626 median: 91.554 mean: 87.201 low: 28.845 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 0.825 | |
| CapEx To Revenue | -0.031 | |
| CapEx To Depreciation | -0.934 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 1.5 B | |
| Net Invested Capital | $ 1.5 B | |
| Invested Capital | $ 1.5 B | |
| Net Tangible Assets | $ 672.8 M | |
| Net Working Capital | $ 614.6 M | |
| LIQUIDITY | ||
| Cash Ratio | 0.29 | |
| Current Ratio | 2.786 | |
| Current Ratio QoQ | 9.834 % | |
| Current Ratio YoY | 25.339 % | |
| Current Ratio IPRWA | high: 3.78 FELE: 2.786 mean: 1.548 low: 1.062 median: 1.062 |
|
| Quick Ratio | 1.179 | |
| Quick Ratio QoQ | 5.581 % | |
| Quick Ratio YoY | 6.467 % | |
| Quick Ratio IPRWA | high: 2.399 FELE: 1.179 mean: 1.021 low: 0.673 median: 0.673 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 3.452 | |
| Cost Of Debt | 0.819 % | |
| Interest Coverage Ratio | 20.142 | |
| Interest Coverage Ratio QoQ | 160.528 % | |
| Interest Coverage Ratio YoY | -35.897 % | |
| Interest Coverage Ratio IPRWA | high: 21.707 median: 21.707 FELE: 20.142 mean: 18.88 low: -29.462 |
|
| Operating Cash Flow Ratio | 0.305 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 44.123 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | 3.063 | |
| Dividend Payout Ratio | 0.327 | |
| Dividend Rate | $ 0.29 | |
| Dividend Yield | 0.003 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | -2.653 % | |
| Revenue Growth | -12.869 % | |
| Revenue Growth QoQ | 1221.253 % | |
| Revenue Growth YoY | 49.674 % | |
| Revenue Growth IPRWA | high: 33.477 % median: 5.59 % mean: 2.195 % FELE: -12.869 % low: -19.126 % |
|
| Earnings Growth | -33.077 % | |
| Earnings Growth QoQ | 4235.125 % | |
| Earnings Growth YoY | -14.001 % | |
| Earnings Growth IPRWA | high: 30.263 % mean: -7.096 % median: -8.466 % low: -16.129 % FELE: -33.077 % |
|
| MARGINS | ||
| Gross Margin | 33.835 % | |
| Gross Margin QoQ | -5.692 % | |
| Gross Margin YoY | 0.068 % | |
| Gross Margin IPRWA | high: 48.422 % mean: 37.098 % median: 36.049 % FELE: 33.835 % low: -20.898 % |
|
| EBIT Margin | 10.098 % | |
| EBIT Margin QoQ | 117.348 % | |
| EBIT Margin YoY | 16.578 % | |
| EBIT Margin IPRWA | high: 25.304 % median: 24.863 % mean: 21.134 % FELE: 10.098 % low: -50.815 % |
|
| Return On Sales (ROS) | 10.239 % | |
| Return On Sales QoQ | -30.119 % | |
| Return On Sales YoY | 18.206 % | |
| Return On Sales IPRWA | high: 25.304 % median: 25.294 % mean: 21.386 % FELE: 10.239 % low: -33.649 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 88.7 M | |
| Free Cash Flow Yield | 2.007 % | |
| Free Cash Flow Yield QoQ | -6.825 % | |
| Free Cash Flow Yield YoY | -5.464 % | |
| Free Cash Flow Yield IPRWA | high: 3.828 % FELE: 2.007 % median: 1.113 % mean: 0.949 % low: -9.584 % |
|
| Free Cash Growth | -2.86 % | |
| Free Cash Growth QoQ | -102.219 % | |
| Free Cash Growth YoY | -66.667 % | |
| Free Cash Growth IPRWA | high: 199.541 % median: 25.554 % mean: 11.424 % FELE: -2.86 % low: -318.157 % |
|
| Free Cash To Net Income | 2.259 | |
| Cash Flow Margin | 20.699 % | |
| Cash Flow To Earnings | 2.673 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | 1.991 % | |
| Return On Assets QoQ | 138.729 % | |
| Return On Assets YoY | 7.332 % | |
| Return On Assets IPRWA | high: 3.44 % median: 2.472 % mean: 2.387 % FELE: 1.991 % low: -38.025 % |
|
| Return On Capital Employed (ROCE) | 3.198 % | |
| Return On Equity (ROE) | 0.03 | |
| Return On Equity QoQ | 133.701 % | |
| Return On Equity YoY | 11.663 % | |
| Return On Equity IPRWA | high: 0.251 mean: 0.039 median: 0.037 FELE: 0.03 low: -0.707 |
|
| DuPont ROE | 2.973 % | |
| Return On Invested Capital (ROIC) | 2.794 % | |
| Return On Invested Capital QoQ | 115.254 % | |
| Return On Invested Capital YoY | -108.103 % | |
| Return On Invested Capital IPRWA | high: 4.605 % mean: 3.236 % median: 3.236 % FELE: 2.794 % low: -14.79 % |
|