Recent News
On January 6, 2026 the company announced the launch of ARGOS, a private‑label oil and fluids brand. On February 10, 2026 the company declared a regular cash dividend of $0.25 per share payable April 24, 2026 to holders of record as of April 10, 2026. On February 17, 2026 the U.S. Court of Appeals for the Fourth Circuit affirmed dismissal of a securities‑fraud class action against the company and certain executives. The company published its 2025 annual report in early April 2026.
Technical Analysis
ADX stands at 12.08, indicating no sustained trend; this low strength reduces the probability of a strong directional breakout and supports the view that price action may remain range‑bound near current levels.
Directional indicators show mixed pressures: DI+ at 21.54 with an increasing trend signals bullish directional pressure, while DI‑ at 20.77 with a dip‑and‑reversal signals renewed bearish pressure. The combination aligns with ADX’s no‑trend reading and implies near‑term directional conflict rather than a decisive move.
MACD sits at 0.14 above its signal line (-0.01), which represents a bullish crossover. Simultaneously, the MACD trend reads as a peak‑and‑reversal, indicating that bullish momentum recently peaked and bearish momentum may reassert—creating a short‑term momentum tug‑of‑war that tempers upside conviction.
MRO at 17.11 registers positive, which implies the price sits above the modeled target and faces mean‑reversion pressure; the MRO trend shows a dip‑and‑reversal, suggesting a recent shift toward short‑term bullishness that could temporarily counteract the mean‑reversion signal.
RSI at 51.3 remains near neutral, but the RSI trend reads peak‑and‑reversal, indicating loss of recent upward momentum; neutral absolute level plus the reversal points toward limited conviction in either direction for the coming weeks.
Price sits marginally below the 200‑day average ($52.78) and roughly aligned with short‑term EMAs (12‑day EMA $51.89, 26‑day EMA $51.73), while the lower supertrend at $48.43 provides visible near‑term support. Overall technicals portray muted upside potential and elevated risk of short corrections, consistent with a stock that trades near valuation resistance.
Fundamental Analysis
WMDST values the stock as over‑valued. Operating performance shows improvement in absolute operating measures but remains modest versus peer benchmarks. EBIT equals $74,000,000 and EBITDA equals $132,000,000; EBIT margin at 3.75% compares below the industry peer mean of 11.71% and the industry peer median of 10.83%, and sits well inside the industry peer range from -7.69% to 18.99%.
Gross margin stands at 44.05% while operating margin measures 3.45%, indicating healthy product gross economics but compressed operating profitability after operating costs. Operating margin QoQ shows a large positive change per the supplied value (101.019% QoQ) while operating margin YoY registers -108.531% YoY, reflecting sizable year‑over‑year variability in operating profitability.
Revenue totaled $1,973,000,000 with reported revenue growth at -3.09% (year over year figures per supplied values). Net income reads $6,000,000 and EPS came in at $0.86 versus an estimate of $0.41, representing a 109.8% surprise to the upside on the reported quarter. Free cash flow remains negative at -$21,000,000 and free cash flow yield at -0.72% points to constrained cash conversion despite an operating cash flow of $72,000,000.
Balance sheet and leverage show mixed signals: cash and short‑term investments total $3,123,000,000 against total debt of $5,224,000,000 and net debt of $289,000,000. Debt to EBITDA registers at 39.58x and debt to equity reads 237.67%—metrics that underscore material leverage relative to earnings. Current ratio stands at 1.75 and quick ratio at 0.87, leaving working‑capital liquidity adequate but not conservative. Cash conversion cycle at 65.3 days suggests inventory and payables management remain a working capital focus.
Return metrics remain very low: return on equity at 0.27% and return on assets at 0.05% indicate limited capital returns despite recent operational moves. Valuation multiples present elevated market expectations: trailing PE at 56.82 and forward PE near 50.63, consistent with the WMDST classification of over‑valued and implying substantial growth/or margin improvement baked into the price relative to current fundamentals.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-12-31 |
| REPORT DATE: | 2026-02-13 |
| NEXT REPORT DATE: | 2026-05-15 |
| CASH FLOW | Begin Period Cash Flow | $ 3.2 B |
| Operating Cash Flow | $ 72.0 M | |
| Capital Expenditures | $ -93.00 M | |
| Change In Working Capital | $ -23.00 M | |
| Dividends Paid | $ -15.00 M | |
| Cash Flow Delta | $ -51.00 M | |
| End Period Cash Flow | $ 3.1 B | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 2.0 B | |
| Forward Revenue | $ 4.8 B | |
| COSTS | ||
| Cost Of Revenue | $ 1.1 B | |
| Depreciation | $ 58.0 M | |
| Depreciation and Amortization | $ 58.0 M | |
| Research and Development | — | |
| Total Operating Expenses | $ 1.9 B | |
| PROFITABILITY | ||
| Gross Profit | $ 869.0 M | |
| EBITDA | $ 132.0 M | |
| EBIT | $ 74.0 M | |
| Operating Income | $ 68.0 M | |
| Interest Income | — | |
| Interest Expense | $ 53.0 M | |
| Net Interest Income | $ -53.00 M | |
| Income Before Tax | $ 21.0 M | |
| Tax Provision | $ -9.00 M | |
| Tax Rate | 40.0 % | |
| Net Income | $ 6.0 M | |
| Net Income From Continuing Operations | $ 30.0 M | |
| EARNINGS | ||
| EPS Estimate | $ 0.41 | |
| EPS Actual | $ 0.86 | |
| EPS Difference | $ 0.45 | |
| EPS Surprise | 109.756 % | |
| Forward EPS | $ 0.98 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 11.8 B | |
| Intangible Assets | $ 1.0 B | |
| Net Tangible Assets | $ 1.2 B | |
| Total Current Assets | $ 7.3 B | |
| Cash and Short-Term Investments | $ 3.1 B | |
| Cash | $ 3.1 B | |
| Net Receivables | $ 370.0 M | |
| Inventory | $ 3.6 B | |
| Long-Term Investments | $ 110.0 M | |
| LIABILITIES | ||
| Accounts Payable | $ 3.0 B | |
| Short-Term Debt | — | |
| Total Current Liabilities | $ 4.2 B | |
| Net Debt | $ 289.0 M | |
| Total Debt | $ 5.2 B | |
| Total Liabilities | $ 9.6 B | |
| EQUITY | ||
| Total Equity | $ 2.2 B | |
| Retained Earnings | $ 4.1 B | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 36.62 | |
| Shares Outstanding | 60.022 M | |
| Revenue Per-Share | $ 32.87 | |
| VALUATION | Market Capitalization | $ 2.9 B |
| Enterprise Value | $ 5.0 B | |
| Enterprise Multiple | 38.135 | |
| Enterprise Multiple QoQ | -26.027 % | |
| Enterprise Multiple YoY | -717.829 % | |
| Enterprise Multiple IPRWA | high: 135.997 median: 79.36 mean: 72.622 AAP: 38.135 low: -9.179 |
|
| EV/R | 2.551 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 5.38 | |
| Asset To Liability | 1.228 | |
| Debt To Capital | 0.704 | |
| Debt To Assets | 0.442 | |
| Debt To Assets QoQ | 1.254 % | |
| Debt To Assets YoY | 29.395 % | |
| Debt To Assets IPRWA | high: 1.07 median: 0.513 mean: 0.485 AAP: 0.442 low: 0.13 |
|
| Debt To Equity | 2.377 | |
| Debt To Equity QoQ | -0.839 % | |
| Debt To Equity YoY | 39.904 % | |
| Debt To Equity IPRWA | high: 4.879 AAP: 2.377 mean: 1.554 median: 1.395 low: -2.088 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 1.334 | |
| Price To Book QoQ | -13.286 % | |
| Price To Book YoY | 7.247 % | |
| Price To Book IPRWA | high: 11.1 mean: 5.409 median: 3.522 AAP: 1.334 low: -3.282 |
|
| Price To Earnings (P/E) | 56.818 | |
| Price To Earnings QoQ | -102.018 % | |
| Price To Earnings YoY | -247.515 % | |
| Price To Earnings IPRWA | high: 190.196 median: 123.637 mean: 102.12 AAP: 56.818 low: -123.055 |
|
| PE/G Ratio | -0.013 | |
| Price To Sales (P/S) | 1.486 | |
| Price To Sales QoQ | -10.396 % | |
| Price To Sales YoY | 9.901 % | |
| Price To Sales IPRWA | high: 13.982 mean: 7.412 median: 7.187 AAP: 1.486 low: 0.209 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 50.633 | |
| Forward PE/G | -0.012 | |
| Forward P/S | 0.613 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | -30.617 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.165 | |
| Asset Turnover Ratio QoQ | -8.313 % | |
| Asset Turnover Ratio YoY | -3.713 % | |
| Asset Turnover Ratio IPRWA | high: 0.861 mean: 0.316 median: 0.269 AAP: 0.165 low: 0.079 |
|
| Receivables Turnover | 4.945 | |
| Receivables Turnover Ratio QoQ | 18.157 % | |
| Receivables Turnover Ratio YoY | 55.79 % | |
| Receivables Turnover Ratio IPRWA | high: 95.74 mean: 14.81 median: 10.864 AAP: 4.945 low: 0.298 |
|
| Inventory Turnover | 0.301 | |
| Inventory Turnover Ratio QoQ | -3.815 % | |
| Inventory Turnover Ratio YoY | -30.18 % | |
| Inventory Turnover Ratio IPRWA | high: 2.463 mean: 0.701 median: 0.616 AAP: 0.301 low: 0.294 |
|
| Days Sales Outstanding (DSO) | 18.453 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 65.303 | |
| Cash Conversion Cycle Days QoQ | 13.712 % | |
| Cash Conversion Cycle Days YoY | 16.061 % | |
| Cash Conversion Cycle Days IPRWA | high: 342.592 AAP: 65.303 mean: 24.289 median: 14.212 low: -161.35 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 0.634 | |
| CapEx To Revenue | -0.047 | |
| CapEx To Depreciation | -1.603 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 5.6 B | |
| Net Invested Capital | $ 5.6 B | |
| Invested Capital | $ 5.6 B | |
| Net Tangible Assets | $ 1.2 B | |
| Net Working Capital | $ 3.1 B | |
| LIQUIDITY | ||
| Cash Ratio | 0.748 | |
| Current Ratio | 1.746 | |
| Current Ratio QoQ | 0.985 % | |
| Current Ratio YoY | 32.567 % | |
| Current Ratio IPRWA | high: 4.055 AAP: 1.746 mean: 1.166 median: 1.045 low: 0.323 |
|
| Quick Ratio | 0.873 | |
| Quick Ratio QoQ | -0.759 % | |
| Quick Ratio YoY | 60.817 % | |
| Quick Ratio IPRWA | high: 2.051 AAP: 0.873 mean: 0.307 median: 0.219 low: 0.059 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 39.576 | |
| Cost Of Debt | 0.607 % | |
| Interest Coverage Ratio | 1.396 | |
| Interest Coverage Ratio QoQ | 46.972 % | |
| Interest Coverage Ratio YoY | -103.273 % | |
| Interest Coverage Ratio IPRWA | high: 96.404 mean: 14.58 median: 8.4 AAP: 1.396 low: -74.758 |
|
| Operating Cash Flow Ratio | -0.007 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 243.096 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | 0.4 | |
| Dividend Payout Ratio | 2.5 | |
| Dividend Rate | $ 0.25 | |
| Dividend Yield | 0.005 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | -1.932 % | |
| Revenue Growth | -3.094 % | |
| Revenue Growth QoQ | -339.104 % | |
| Revenue Growth YoY | -56.269 % | |
| Revenue Growth IPRWA | high: 40.269 % AAP: -3.094 % mean: -4.058 % median: -4.227 % low: -25.856 % |
|
| Earnings Growth | -4400.0 % | |
| Earnings Growth QoQ | 4176.038 % | |
| Earnings Growth YoY | -254.386 % | |
| Earnings Growth IPRWA | high: 87.591 % median: -16.471 % mean: -18.429 % low: -400.0 % AAP: -4400.0 % |
|
| MARGINS | ||
| Gross Margin | 44.045 % | |
| Gross Margin QoQ | 1.789 % | |
| Gross Margin YoY | 153.278 % | |
| Gross Margin IPRWA | high: 96.271 % median: 44.097 % AAP: 44.045 % mean: 41.472 % low: 10.184 % |
|
| EBIT Margin | 3.751 % | |
| EBIT Margin QoQ | 101.018 % | |
| EBIT Margin YoY | -109.283 % | |
| EBIT Margin IPRWA | high: 18.986 % mean: 11.714 % median: 10.828 % AAP: 3.751 % low: -7.692 % |
|
| Return On Sales (ROS) | 3.447 % | |
| Return On Sales QoQ | 27.619 % | |
| Return On Sales YoY | -108.531 % | |
| Return On Sales IPRWA | high: 19.991 % mean: 11.761 % median: 11.014 % AAP: 3.447 % low: -7.69 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ -21.00 M | |
| Free Cash Flow Yield | -0.716 % | |
| Free Cash Flow Yield QoQ | -68.178 % | |
| Free Cash Flow Yield YoY | -84.458 % | |
| Free Cash Flow Yield IPRWA | high: 9.132 % median: 0.448 % mean: 0.356 % AAP: -0.716 % low: -10.237 % |
|
| Free Cash Growth | -72.368 % | |
| Free Cash Growth QoQ | -102.974 % | |
| Free Cash Growth YoY | -84.88 % | |
| Free Cash Growth IPRWA | high: 382.415 % median: 19.716 % mean: -54.973 % AAP: -72.368 % low: -636.544 % |
|
| Free Cash To Net Income | -3.5 | |
| Cash Flow Margin | -1.521 % | |
| Cash Flow To Earnings | -5.0 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.02 | |
| Return On Assets (ROA) | 0.05 % | |
| Return On Assets QoQ | — | |
| Return On Assets YoY | -101.403 % | |
| Return On Assets IPRWA | high: 6.412 % median: 2.721 % mean: 2.441 % AAP: 0.05 % low: -2.24 % |
|
| Return On Capital Employed (ROCE) | 0.967 % | |
| Return On Equity (ROE) | 0.003 | |
| Return On Equity QoQ | -693.478 % | |
| Return On Equity YoY | -101.428 % | |
| Return On Equity IPRWA | high: 0.228 median: 0.041 mean: 0.008 AAP: 0.003 low: -0.235 |
|
| DuPont ROE | 0.273 % | |
| Return On Invested Capital (ROIC) | 0.791 % | |
| Return On Invested Capital QoQ | 47.85 % | |
| Return On Invested Capital YoY | -102.413 % | |
| Return On Invested Capital IPRWA | high: 12.426 % mean: 7.467 % median: 7.379 % AAP: 0.791 % low: -3.079 % |
|