Recent News
On February 26, 2026 the company published an updated corporate overview highlighting strategic portfolio repositioning, including the previously announced sale of its United Kingdom operations and disclosure of recent acquisitions that expand capabilities in network & communications and high‑tech manufacturing; the presentation emphasized diversified remaining performance obligations and balance‑sheet resilience. On March 11, 2026 an investor presentation reiterated sector diversification, organic growth investments, and acquisitions that add service breadth and scale.
Technical Analysis
ADX at 19.08 indicates no established trend; momentum lacks directional conviction despite recent strength in shorter-term indicators, so price action may consolidate around current levels rather than extend a clear trend.
Directional indicators show DI+ at 16.77 with a dip & reversal (bullish) and DI‑ at 23.17 with a peak & reversal (bullish). Both directional signals imply recent shifts toward positive directional pressure, supporting an immediate upside bias relative to the neutral ADX reading.
MACD sits positive at 2.79 with the MACD signal at 0.97 and a dip & reversal trend; MACD currently above its signal line signals bullish momentum and confirms short‑term upside momentum amid consolidation.
MRO reads 9.27 (positive), indicating the price currently sits above the modeled target and may face modest mean‑reversion pressure; the magnitude suggests limited near‑term downside potential rather than a large reversal.
RSI at 53.28 with a dip & reversal places momentum in neutral territory with a slight bullish tilt; readings near midrange support a consolidation phase with room to run higher if momentum confirms.
Price sits at $750.42, above the 20‑day average $743.36, the 50‑day average $747.64, and well above the 200‑day average $656.13; shorter EMAs (12‑ and 26‑day) show recent dip & reversal behavior that aligns with the MACD signal, favoring further short‑term gains while overhead Bollinger upper bands ($763.26 / $783.16 for 1x/2x std) define near resistance.
Liquidity and volatility context: 10‑day average volume at 322,345 versus recent volume 543,877 shows episodic buying; 42‑day beta 1.58 and 52‑week beta 1.30 imply above‑market sensitivity that will amplify swings during any breakout or pullback.
Fundamental Analysis
EBIT stands at $593,980,000 and EBIT margin equals 13.16%; that margin sits above the industry peer mean of 10.52% and above the industry peer median of 10.08%, indicating relative operating efficiency after portfolio adjustments. QoQ EBIT margin expanded roughly 39.55% and YoY EBIT margin improved about 16.79%, supporting the immediate margin momentum noted above.
EPS came in at $7.19 versus an estimate of $6.68, producing a surprise of $0.51 or a 7.64% beat; the beat aligns with non‑GAAP disclosures showing stronger per‑share results after transaction adjustments.
Valuation multiples present mixed signals: P/E at 98.57 sits below the industry peer mean of 110.30, while P/B at 8.59 sits above the industry peer mean of 5.45; free cash flow yield at 1.56% exceeds the industry peer mean of 1.24%, indicating the market prices the company for growth but the company converts earnings to cash at a rate slightly better than peers.
Balance sheet and capital structure show strength: cash and short‑term investments total $1,111,968,000 against total debt of $468,209,000; debt to assets of 5.04% remains well below the industry peer mean of 23.45%, and interest coverage at 71.46x provides substantial coverage of interest obligations—factors that support financing optionality for acquisitions and working capital.
Returns and growth: return on equity registers 11.83%, above the industry peer mean of 6.34%, and return on assets at 4.85% exceeds the industry peer mean of 2.50%, reflecting efficient capital deployment. Reported revenue of $4,513,121,000 and YoY revenue growth of 1.49% show modest top‑line expansion while operating margin near 9.50% experienced some YoY compression but QoQ stability.
WMDST values the stock as fair‑valued based on blended valuation metrics and the company’s balance‑sheet strength, moderate cash conversion, and above‑peer operating margins following portfolio repositioning.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-12-31 |
| REPORT DATE: | 2026-02-26 |
| NEXT REPORT DATE: | 2026-05-28 |
| CASH FLOW | Begin Period Cash Flow | $ 656.3 M |
| Operating Cash Flow | $ 524.4 M | |
| Capital Expenditures | $ -31.92 M | |
| Change In Working Capital | $ 204.0 M | |
| Dividends Paid | $ -11.19 M | |
| Cash Flow Delta | $ 455.7 M | |
| End Period Cash Flow | $ 1.1 B | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 4.5 B | |
| Forward Revenue | $ 904.0 M | |
| COSTS | ||
| Cost Of Revenue | $ 3.6 B | |
| Depreciation | $ 17.9 M | |
| Depreciation and Amortization | $ 50.0 M | |
| Research and Development | — | |
| Total Operating Expenses | $ 4.1 B | |
| PROFITABILITY | ||
| Gross Profit | $ 891.2 M | |
| EBITDA | $ 644.0 M | |
| EBIT | $ 594.0 M | |
| Operating Income | $ 428.9 M | |
| Interest Income | $ 16.0 M | |
| Interest Expense | — | |
| Net Interest Income | $ 4.0 M | |
| Income Before Tax | $ 577.8 M | |
| Tax Provision | $ 143.2 M | |
| Tax Rate | 24.784 % | |
| Net Income | $ 434.6 M | |
| Net Income From Continuing Operations | $ 434.6 M | |
| EARNINGS | ||
| EPS Estimate | $ 6.68 | |
| EPS Actual | $ 7.19 | |
| EPS Difference | $ 0.51 | |
| EPS Surprise | 7.635 % | |
| Forward EPS | $ 7.82 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 9.3 B | |
| Intangible Assets | $ 2.5 B | |
| Net Tangible Assets | $ 1.2 B | |
| Total Current Assets | $ 5.9 B | |
| Cash and Short-Term Investments | $ 1.1 B | |
| Cash | $ 1.1 B | |
| Net Receivables | $ 4.2 B | |
| Inventory | $ 126.3 M | |
| Long-Term Investments | $ 140.5 M | |
| LIABILITIES | ||
| Accounts Payable | $ 1.2 B | |
| Short-Term Debt | — | |
| Total Current Liabilities | $ 4.9 B | |
| Net Debt | — | |
| Total Debt | $ 468.2 M | |
| Total Liabilities | $ 5.6 B | |
| EQUITY | ||
| Total Equity | $ 3.7 B | |
| Retained Earnings | $ 6.0 B | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 82.52 | |
| Shares Outstanding | 44.520 M | |
| Revenue Per-Share | $ 101.37 | |
| VALUATION | Market Capitalization | $ 31.6 B |
| Enterprise Value | $ 30.9 B | |
| Enterprise Multiple | 47.992 | |
| Enterprise Multiple QoQ | -24.295 % | |
| Enterprise Multiple YoY | 10.787 % | |
| Enterprise Multiple IPRWA | high: 114.705 mean: 63.959 median: 63.254 EME: 47.992 low: -8.678 |
|
| EV/R | 6.848 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 2.529 | |
| Asset To Liability | 1.654 | |
| Debt To Capital | 0.113 | |
| Debt To Assets | 0.05 | |
| Debt To Assets QoQ | 2.544 % | |
| Debt To Assets YoY | 11.433 % | |
| Debt To Assets IPRWA | high: 0.755 median: 0.255 mean: 0.234 EME: 0.05 low: 0.001 |
|
| Debt To Equity | 0.127 | |
| Debt To Equity QoQ | 0.102 % | |
| Debt To Equity YoY | 7.3 % | |
| Debt To Equity IPRWA | high: 1.921 median: 0.72 mean: 0.71 EME: 0.127 low: 0.001 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 8.588 | |
| Price To Book QoQ | -1.159 % | |
| Price To Book YoY | 20.561 % | |
| Price To Book IPRWA | high: 10.155 EME: 8.588 median: 5.464 mean: 5.453 low: -0.697 |
|
| Price To Earnings (P/E) | 98.566 | |
| Price To Earnings QoQ | 0.032 % | |
| Price To Earnings YoY | 36.373 % | |
| Price To Earnings IPRWA | high: 238.786 median: 115.465 mean: 110.299 EME: 98.566 low: -68.283 |
|
| PE/G Ratio | 10.445 | |
| Price To Sales (P/S) | 6.991 | |
| Price To Sales QoQ | 3.769 % | |
| Price To Sales YoY | 25.952 % | |
| Price To Sales IPRWA | high: 16.841 mean: 8.336 EME: 6.991 median: 5.567 low: 0.177 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 79.697 | |
| Forward PE/G | 8.445 | |
| Forward P/S | 34.579 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 9.435 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.503 | |
| Asset Turnover Ratio QoQ | -0.293 % | |
| Asset Turnover Ratio YoY | 0.397 % | |
| Asset Turnover Ratio IPRWA | high: 0.592 EME: 0.503 mean: 0.341 median: 0.317 low: 0.008 |
|
| Receivables Turnover | 1.082 | |
| Receivables Turnover Ratio QoQ | 3.332 % | |
| Receivables Turnover Ratio YoY | 1.649 % | |
| Receivables Turnover Ratio IPRWA | high: 3.874 mean: 1.792 median: 1.639 EME: 1.082 low: 0.355 |
|
| Inventory Turnover | 31.269 | |
| Inventory Turnover Ratio QoQ | -3.669 % | |
| Inventory Turnover Ratio YoY | -1.334 % | |
| Inventory Turnover Ratio IPRWA | high: 50.955 EME: 31.269 mean: 16.001 median: 9.328 low: 0.315 |
|
| Days Sales Outstanding (DSO) | 84.373 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 57.579 | |
| Cash Conversion Cycle Days QoQ | -6.57 % | |
| Cash Conversion Cycle Days YoY | -4.738 % | |
| Cash Conversion Cycle Days IPRWA | high: 145.197 EME: 57.579 mean: 30.879 median: 22.91 low: -37.898 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 4.208 | |
| CapEx To Revenue | -0.007 | |
| CapEx To Depreciation | -1.779 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 3.7 B | |
| Net Invested Capital | $ 3.7 B | |
| Invested Capital | $ 3.7 B | |
| Net Tangible Assets | $ 1.2 B | |
| Net Working Capital | $ 1.1 B | |
| LIQUIDITY | ||
| Cash Ratio | 0.229 | |
| Current Ratio | 1.22 | |
| Current Ratio QoQ | 2.402 % | |
| Current Ratio YoY | -5.931 % | |
| Current Ratio IPRWA | high: 4.125 mean: 1.618 median: 1.323 EME: 1.22 low: 0.437 |
|
| Quick Ratio | 1.194 | |
| Quick Ratio QoQ | 2.198 % | |
| Quick Ratio YoY | -6.268 % | |
| Quick Ratio IPRWA | high: 3.082 mean: 1.569 median: 1.289 EME: 1.194 low: 0.422 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 0.727 | |
| Cost Of Debt | 1.4 % | |
| Interest Coverage Ratio | 71.461 | |
| Interest Coverage Ratio QoQ | 46.41 % | |
| Interest Coverage Ratio YoY | 39.805 % | |
| Interest Coverage Ratio IPRWA | EME: 71.461 high: 58.522 mean: 10.034 median: 5.382 low: -26.055 |
|
| Operating Cash Flow Ratio | 0.106 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 29.843 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | 38.835 | |
| Dividend Payout Ratio | 0.026 | |
| Dividend Rate | $ 0.25 | |
| Dividend Yield | 0.0 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 7.536 % | |
| Revenue Growth | 4.919 % | |
| Revenue Growth QoQ | -7441.791 % | |
| Revenue Growth YoY | 148.811 % | |
| Revenue Growth IPRWA | high: 31.376 % EME: 4.919 % median: 4.395 % mean: 0.86 % low: -74.394 % |
|
| Earnings Growth | 9.437 % | |
| Earnings Growth QoQ | -522.805 % | |
| Earnings Growth YoY | 5.253 % | |
| Earnings Growth IPRWA | high: 100.0 % EME: 9.437 % median: -11.494 % mean: -12.282 % low: -112.5 % |
|
| MARGINS | ||
| Gross Margin | 19.747 % | |
| Gross Margin QoQ | 1.689 % | |
| Gross Margin YoY | -1.658 % | |
| Gross Margin IPRWA | high: 42.627 % median: 22.855 % mean: 21.213 % EME: 19.747 % low: 3.185 % |
|
| EBIT Margin | 13.161 % | |
| EBIT Margin QoQ | 39.55 % | |
| EBIT Margin YoY | 16.789 % | |
| EBIT Margin IPRWA | high: 20.959 % EME: 13.161 % mean: 10.522 % median: 10.08 % low: -0.291 % |
|
| Return On Sales (ROS) | 9.503 % | |
| Return On Sales QoQ | 0.763 % | |
| Return On Sales YoY | -15.671 % | |
| Return On Sales IPRWA | high: 19.746 % median: 10.383 % mean: 10.186 % EME: 9.503 % low: -0.939 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 492.5 M | |
| Free Cash Flow Yield | 1.561 % | |
| Free Cash Flow Yield QoQ | 0.775 % | |
| Free Cash Flow Yield YoY | -27.698 % | |
| Free Cash Flow Yield IPRWA | high: 11.184 % EME: 1.561 % median: 1.418 % mean: 1.241 % low: -5.561 % |
|
| Free Cash Growth | 9.723 % | |
| Free Cash Growth QoQ | -94.313 % | |
| Free Cash Growth YoY | -186.867 % | |
| Free Cash Growth IPRWA | high: 750.867 % EME: 9.723 % mean: -15.05 % median: -22.298 % low: -455.909 % |
|
| Free Cash To Net Income | 1.133 | |
| Cash Flow Margin | 11.412 % | |
| Cash Flow To Earnings | 1.185 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | 4.847 % | |
| Return On Assets QoQ | 39.804 % | |
| Return On Assets YoY | 24.73 % | |
| Return On Assets IPRWA | high: 5.62 % EME: 4.847 % mean: 2.503 % median: 1.606 % low: -1.484 % |
|
| Return On Capital Employed (ROCE) | 13.419 % | |
| Return On Equity (ROE) | 0.118 | |
| Return On Equity QoQ | 33.57 % | |
| Return On Equity YoY | 18.944 % | |
| Return On Equity IPRWA | high: 0.135 EME: 0.118 mean: 0.063 median: 0.045 low: -0.114 |
|
| DuPont ROE | 12.401 % | |
| Return On Invested Capital (ROIC) | 12.16 % | |
| Return On Invested Capital QoQ | 37.9 % | |
| Return On Invested Capital YoY | -138.668 % | |
| Return On Invested Capital IPRWA | high: 12.777 % EME: 12.16 % mean: 5.324 % median: 3.44 % low: -0.352 % |
|