Recent News
On February 2, 2026 an insider sold 419 shares under a pre‑existing trading plan. On March 19, 2026 the company closed exchange agreements to swap a portion of outstanding notes for cash and shares, according to a filing summary.
Technical Analysis
ADX sits at 11.2, indicating no established trend and implying directional indicators lack conviction relative to the near‑term outlook.
DI+ measures 24.38 with a decreasing trend, which signals bearish directional pressure and weakens the immediate upside bias.
DI− reads 23.28 with a peak-and-reversal, a bullish flip in negative-direction momentum that creates a conflicting directional picture against the falling DI+.
MACD registers −0.07 with a dip-and-reversal trend; that pattern signals returning bullish momentum, though the MACD remains below the 0.83 signal line and has not crossed above it.
MRO registers 15.2 with a peak-and-reversal; because the MRO is positive, price trades above the model target and carries downward pressure on price despite recent momentum cues.
RSI stands at 52.4 and is decreasing, indicating mid‑range momentum with recent softening that favors caution for near‑term long exposures.
Price closed at $300.43, slightly below the 20‑day ($303.67) and 50‑day ($304.28) averages while remaining above the 200‑day average ($276.19); the 12‑day EMA shows a dip-and-reversal, consistent with a short‑term bounce attempt inside a range. Bollinger bands place the 1σ band between $296.35 and $310.99, while the super trend lower at $292.93 provides the immediate downside reference.
Fundamental Analysis
Revenue totaled $2,710,440,000 with reported revenue growth at 0.20% overall; quarter-over-quarter revenue declined by 97.53% and year‑over‑year revenue declined by 92.51% per the supplied measures, highlighting pronounced timing effects in top‑line comparables.
Gross margin equals 44.30%, improving modestly QoQ (+1.08%) and YoY (+0.76%), supporting operating leverage. EBIT reached $157,213,000 and EBIT margin sits at 5.80%, up +8.39% QoQ and +8.09% YoY; that EBIT margin remains below the industry peer mean of 11.648% and the industry peer median of 12.80%, though above the industry peer low of 4.456% within the reported peer range.
Net income totaled $104,750,000 while operating cash flow reached $143,332,000; free cash flow converted to a negative $113,018,000 and free cash flow yield equals −0.66%, a material contrast with the industry peer mean free cash flow yield near 0.83% and median around 0.64%. The free cash flow shortfall increases sensitivity to financing choices given elevated leverage.
Leverage shows total debt of $5,944,755,000 and debt‑to‑equity of 3.89x (≈389%), with debt‑to‑EBITDA near 23.18x and net debt about $1,451,345,000; interest coverage remains adequate at 8.21x but the capital structure carries outsized leverage relative to typical peers in the distribution group.
Profitability ratios show return on equity at 6.86% and return on assets at 1.11%, both below typical peer central tendencies; inventory turnover at 0.98x and days inventory outstanding around 92 days reflect a slower merchandise velocity versus the industry peer mean turnover of 1.09x. Cash conversion cycle sits near 31.8 days, close to the industry peer mean and median within the provided industry peer range.
EPS printed $4.89 versus an estimate of $4.75 for an EPS surprise of +2.95%. Forward EPS equals $3.36 with a forward P/E of 111.60 while the reported trailing P/E stands at 162.75, well above the industry peer mean P/E near 102.83 and median near 109.70. Book value per share equals $24.27 and the price‑to‑book measures 11.26 versus an industry peer mean of 13.78 and median near 16.66, placing price‑to‑book below peer central tendency.
WMDST values the stock as over‑valued: valuation pressure stems from very high trailing and forward P/E multiples, negative free cash flow yield, and elevated leverage, offset partially by healthy gross margin and positive EPS surprise that support the company’s expansion narrative.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-10-31 |
| REPORT DATE: | 2026-03-05 |
| NEXT REPORT DATE: | 2026-06-04 |
| CASH FLOW | Begin Period Cash Flow | $ 747.6 M |
| Operating Cash Flow | $ 143.3 M | |
| Capital Expenditures | $ -256.35 M | |
| Change In Working Capital | $ -115.12 M | |
| Dividends Paid | — | |
| Cash Flow Delta | $ -163.54 M | |
| End Period Cash Flow | $ 584.1 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 2.7 B | |
| Forward Revenue | $ 1.4 B | |
| COSTS | ||
| Cost Of Revenue | $ 1.5 B | |
| Depreciation | $ 99.3 M | |
| Depreciation and Amortization | $ 99.3 M | |
| Research and Development | — | |
| Total Operating Expenses | $ 2.6 B | |
| PROFITABILITY | ||
| Gross Profit | $ 1.2 B | |
| EBITDA | $ 256.5 M | |
| EBIT | $ 157.2 M | |
| Operating Income | $ 153.8 M | |
| Interest Income | $ 4.9 M | |
| Interest Expense | $ 19.2 M | |
| Net Interest Income | $ -14.25 M | |
| Income Before Tax | $ 138.1 M | |
| Tax Provision | $ 33.3 M | |
| Tax Rate | 24.127 % | |
| Net Income | $ 104.8 M | |
| Net Income From Continuing Operations | $ 104.7 M | |
| EARNINGS | ||
| EPS Estimate | $ 4.75 | |
| EPS Actual | $ 4.89 | |
| EPS Difference | $ 0.14 | |
| EPS Surprise | 2.947 % | |
| Forward EPS | $ 3.36 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 9.6 B | |
| Intangible Assets | $ 285.1 M | |
| Net Tangible Assets | $ 1.2 B | |
| Total Current Assets | $ 2.7 B | |
| Cash and Short-Term Investments | $ 584.1 M | |
| Cash | $ 584.1 M | |
| Net Receivables | $ 116.2 M | |
| Inventory | $ 1.7 B | |
| Long-Term Investments | $ 69.5 M | |
| LIABILITIES | ||
| Accounts Payable | $ 1.1 B | |
| Short-Term Debt | $ 20.0 M | |
| Total Current Liabilities | $ 2.2 B | |
| Net Debt | $ 1.5 B | |
| Total Debt | $ 5.9 B | |
| Total Liabilities | $ 8.1 B | |
| EQUITY | ||
| Total Equity | $ 1.5 B | |
| Retained Earnings | $ 1.8 B | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 24.27 | |
| Shares Outstanding | 62.927 M | |
| Revenue Per-Share | $ 43.07 | |
| VALUATION | Market Capitalization | $ 17.2 B |
| Enterprise Value | $ 22.6 B | |
| Enterprise Multiple | 87.978 | |
| Enterprise Multiple QoQ | -3.807 % | |
| Enterprise Multiple YoY | 23.789 % | |
| Enterprise Multiple IPRWA | high: 166.079 BURL: 87.978 median: 73.067 mean: 64.327 low: -40.347 |
|
| EV/R | 8.326 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 6.283 | |
| Asset To Liability | 1.189 | |
| Debt To Capital | 0.796 | |
| Debt To Assets | 0.619 | |
| Debt To Assets QoQ | -1.232 % | |
| Debt To Assets YoY | 2962.086 % | |
| Debt To Assets IPRWA | BURL: 0.619 high: 0.423 median: 0.375 mean: 0.367 low: 0.117 |
|
| Debt To Equity | 3.892 | |
| Debt To Equity QoQ | -3.562 % | |
| Debt To Equity YoY | 2511.946 % | |
| Debt To Equity IPRWA | BURL: 3.892 high: 1.478 median: 1.41 mean: 1.349 low: 0.151 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 11.264 | |
| Price To Book QoQ | -3.108 % | |
| Price To Book YoY | -21.998 % | |
| Price To Book IPRWA | high: 16.66 median: 16.66 mean: 13.783 BURL: 11.264 low: 0.25 |
|
| Price To Earnings (P/E) | 162.748 | |
| Price To Earnings QoQ | -2.107 % | |
| Price To Earnings YoY | -3.272 % | |
| Price To Earnings IPRWA | high: 307.132 BURL: 162.748 median: 109.7 mean: 102.831 low: -30.837 |
|
| PE/G Ratio | 28.754 | |
| Price To Sales (P/S) | 6.348 | |
| Price To Sales QoQ | 2.093 % | |
| Price To Sales YoY | -2.966 % | |
| Price To Sales IPRWA | high: 10.314 median: 10.314 mean: 8.935 BURL: 6.348 low: 0.992 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 111.602 | |
| Forward PE/G | 19.718 | |
| Forward P/S | 17.575 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 43.376 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.287 | |
| Asset Turnover Ratio QoQ | -5.348 % | |
| Asset Turnover Ratio YoY | -7.863 % | |
| Asset Turnover Ratio IPRWA | high: 0.444 median: 0.444 mean: 0.41 BURL: 0.287 low: 0.105 |
|
| Receivables Turnover | 23.832 | |
| Receivables Turnover Ratio QoQ | -3.985 % | |
| Receivables Turnover Ratio YoY | -4.635 % | |
| Receivables Turnover Ratio IPRWA | BURL: 23.832 high: 10.787 mean: 5.107 median: 2.545 low: 2.399 |
|
| Inventory Turnover | 0.983 | |
| Inventory Turnover Ratio QoQ | -11.736 % | |
| Inventory Turnover Ratio YoY | -7.731 % | |
| Inventory Turnover Ratio IPRWA | high: 1.219 median: 1.219 mean: 1.093 BURL: 0.983 low: 0.117 |
|
| Days Sales Outstanding (DSO) | 3.829 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 31.768 | |
| Cash Conversion Cycle Days QoQ | 8.171 % | |
| Cash Conversion Cycle Days YoY | 49.294 % | |
| Cash Conversion Cycle Days IPRWA | high: 94.387 mean: 39.593 BURL: 31.768 median: 31.628 low: 4.315 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 5.907 | |
| CapEx To Revenue | -0.095 | |
| CapEx To Depreciation | -2.582 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 3.5 B | |
| Net Invested Capital | $ 3.6 B | |
| Invested Capital | $ 3.6 B | |
| Net Tangible Assets | $ 1.2 B | |
| Net Working Capital | $ 458.8 M | |
| LIQUIDITY | ||
| Cash Ratio | 0.265 | |
| Current Ratio | 1.208 | |
| Current Ratio QoQ | -1.717 % | |
| Current Ratio YoY | 3.358 % | |
| Current Ratio IPRWA | high: 3.4 BURL: 1.208 mean: 1.185 median: 1.094 low: 1.079 |
|
| Quick Ratio | 0.456 | |
| Quick Ratio QoQ | -17.724 % | |
| Quick Ratio YoY | -16.114 % | |
| Quick Ratio IPRWA | high: 0.794 BURL: 0.456 mean: 0.441 median: 0.426 low: 0.373 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 23.177 | |
| Cost Of Debt | 0.247 % | |
| Interest Coverage Ratio | 8.208 | |
| Interest Coverage Ratio QoQ | -1.183 % | |
| Interest Coverage Ratio YoY | 7.391 % | |
| Interest Coverage Ratio IPRWA | high: 29.78 BURL: 8.208 median: 2.944 mean: -3.663 low: -17.141 |
|
| Operating Cash Flow Ratio | 0.022 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 64.331 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | — | |
| Dividend Payout Ratio | — | |
| Dividend Rate | — | |
| Dividend Yield | — | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 3.088 % | |
| Revenue Growth | 0.198 % | |
| Revenue Growth QoQ | -97.534 % | |
| Revenue Growth YoY | -92.511 % | |
| Revenue Growth IPRWA | high: 51.648 % median: 4.972 % mean: 1.528 % BURL: 0.198 % low: -32.314 % |
|
| Earnings Growth | 5.66 % | |
| Earnings Growth QoQ | -82.585 % | |
| Earnings Growth YoY | -80.595 % | |
| Earnings Growth IPRWA | high: 50.0 % median: 16.364 % BURL: 5.66 % mean: -21.721 % low: -321.717 % |
|
| MARGINS | ||
| Gross Margin | 44.295 % | |
| Gross Margin QoQ | 1.077 % | |
| Gross Margin YoY | 0.757 % | |
| Gross Margin IPRWA | high: 61.499 % BURL: 44.295 % median: 32.592 % mean: 32.279 % low: 12.773 % |
|
| EBIT Margin | 5.8 % | |
| EBIT Margin QoQ | 8.391 % | |
| EBIT Margin YoY | 8.088 % | |
| EBIT Margin IPRWA | high: 12.8 % median: 12.8 % mean: 11.648 % BURL: 5.8 % low: 4.456 % |
|
| Return On Sales (ROS) | 5.674 % | |
| Return On Sales QoQ | 9.094 % | |
| Return On Sales YoY | 5.74 % | |
| Return On Sales IPRWA | high: 12.489 % median: 12.489 % mean: 10.472 % BURL: 5.674 % low: 0.802 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ -113.02 M | |
| Free Cash Flow Yield | -0.657 % | |
| Free Cash Flow Yield QoQ | 852.174 % | |
| Free Cash Flow Yield YoY | 70.649 % | |
| Free Cash Flow Yield IPRWA | high: 3.328 % mean: 0.829 % low: 0.642 % median: 0.642 % BURL: -0.657 % |
|
| Free Cash Growth | 871.028 % | |
| Free Cash Growth QoQ | -994.316 % | |
| Free Cash Growth YoY | 1054.689 % | |
| Free Cash Growth IPRWA | BURL: 871.028 % high: 8.637 % median: -24.737 % mean: -28.49 % low: -811.579 % |
|
| Free Cash To Net Income | -1.079 | |
| Cash Flow Margin | 1.825 % | |
| Cash Flow To Earnings | 0.472 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.03 | |
| Return On Assets (ROA) | 1.108 % | |
| Return On Assets QoQ | 5.024 % | |
| Return On Assets YoY | -0.539 % | |
| Return On Assets IPRWA | high: 4.237 % median: 4.237 % mean: 3.128 % BURL: 1.108 % low: -2.938 % |
|
| Return On Capital Employed (ROCE) | 2.126 % | |
| Return On Equity (ROE) | 0.069 | |
| Return On Equity QoQ | 5.346 % | |
| Return On Equity YoY | -13.212 % | |
| Return On Equity IPRWA | high: 0.17 median: 0.154 mean: 0.109 BURL: 0.069 low: -0.138 |
|
| DuPont ROE | 7.044 % | |
| Return On Invested Capital (ROIC) | 3.348 % | |
| Return On Invested Capital QoQ | 9.02 % | |
| Return On Invested Capital YoY | -122.052 % | |
| Return On Invested Capital IPRWA | high: 17.59 % median: 11.916 % mean: 8.854 % BURL: 3.348 % low: -6.247 % |
|