Recent News
On January 26, 2026 the Board declared a quarterly cash dividend of $0.28 per share, payable February 19, 2026 (record date February 5, 2026), representing a 5.7% increase versus the prior quarterly payout. Public commentary around late February highlighted the company’s fourth-quarter 2025 results and management’s 2026 guidance, while independent outlets reported investor reaction to the quarterly report in mid-February.
Technical Analysis
Directional indicators show an emerging trend: ADX at 23.49 indicates trend strength has moved into the emerging zone, lending conviction to the present bias toward directionally higher prices while not yet signaling a very strong trend.
DI+ at 25.27 reversed higher (dip & reversal), while DI- at 24.71 is decreasing; that configuration reads as a bullish directional shift and supports a near-term upside bias when combined with the ADX reading.
MACD equals 0.77 and trends higher, and it sits above the signal line (-0.56); the cross above the signal line represents bullish momentum and increases the likelihood of continued positive price momentum in the weeks ahead.
MRO reads -19.69 and is increasing; the negative and rising value implies price sits below an internal target and therefore carries quantified upside potential consistent with the under-valued WMDST assessment.
RSI at 52.9 and rising shows neutral-to-positive momentum without overbought pressure, leaving room for additional appreciation before technical exhaustion.
Price sits above short-, medium- and long-term averages (price close $103.25 versus 20-day $95.18, 50-day $97.48, 200-day $95.83), reinforcing the bullish setup. The close currently trades between the 1x and 2x upper Bollinger bands, reflecting short-term strength but also leaving room for consolidation near the upper band. Volume at 292,171 exceeds the 10-day average, supporting the recent directional move. Beta ~0.94 suggests price moves with the market but with slightly lower volatility than a 1.0 benchmark.
Fundamental Analysis
Earnings and guidance: Reported EPS equaled $0.87 versus an estimate of $0.89, a miss of $0.02 or approximately -2.25%. Forward EPS stands at $1.28125 with a forward P/E of 74.58; the trailing P/E rounds to roughly 114.95, indicating a materially higher trailing multiple relative to forward expectations.
Revenue and margin trends: Total revenue for the period equals $506,855,000. YoY revenue growth registers approximately +49.67%, with QoQ revenue growth near +12.21%, signaling robust top-line expansion over the prior year and meaningful sequential acceleration. EBIT margin measures 10.10%; EBIT margin improved roughly +17.35% QoQ and about +16.58% YoY, showing margin recovery even though the absolute margin remains below the industry peer mean and median. Specifically, the company’s EBIT margin sits below the industry peer mean (19.79%) and industry peer median (24.863%).
Profitability and cash flow: Gross margin equals 33.84% and operating margin approximates 10.24%. Net income reached $39,250,000 and free cash flow totaled $88,674,000, producing a free cash flow yield of about 2.01%, which exceeds the industry peer mean free cash flow yield (~0.86%). Cash conversion measures remain extended (cash conversion cycle ~142 days) but improved modestly QoQ and YoY. Operating cash flow totaled $104,191,000 and cash on hand reached $99,662,000, supporting liquidity.
Balance sheet and leverage: Total debt stands at $234,010,000 with net debt near $67,349,000; debt-to-EBITDA approximates 3.45 and interest coverage exceeds 20x, indicating manageable leverage and ample interest coverage. Current ratio sits at 2.79 and quick ratio near 1.18, both supportive of short-term liquidity.
Valuation summary: WMDST values the stock as under-valued. The valuation judgement reflects above-mean free cash flow yield, modest net debt, and improving sequential margins, balanced against a high trailing P/E, a slight EPS miss, and margins that remain below the industry peer mean and median. That mix supports the WMDST under-valued designation while highlighting execution risk on margin expansion versus peers.
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: 71.05 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: 0.345 mean: 0.196 median: 0.146 FELE: 0.12 low: 0.002 |
|
| Debt To Equity | 0.177 | |
| Debt To Equity QoQ | -13.865 % | |
| Debt To Equity YoY | 90.145 % | |
| Debt To Equity IPRWA | high: 1.057 mean: 0.37 median: 0.221 FELE: 0.177 low: -0.025 |
|
| 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: 4.264 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 median: 119.549 FELE: 114.946 mean: 106.422 low: -59.489 |
|
| 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: 29.146 median: 23.703 mean: 18.466 FELE: 8.716 low: 0.955 |
|
| 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: 0.179 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: 2.933 FELE: 1.882 mean: 1.876 median: 1.772 low: 0.513 |
|
| Inventory Turnover | 0.598 | |
| Inventory Turnover Ratio QoQ | -8.44 % | |
| Inventory Turnover Ratio YoY | -6.253 % | |
| Inventory Turnover Ratio IPRWA | high: 2.152 median: 1.131 mean: 1.089 FELE: 0.598 low: 0.204 |
|
| 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: 87.068 low: -9.339 |
|
| 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: 16.218 FELE: 2.786 mean: 1.697 low: 1.062 median: 1.062 |
|
| Quick Ratio | 1.179 | |
| Quick Ratio QoQ | 5.581 % | |
| Quick Ratio YoY | 6.467 % | |
| Quick Ratio IPRWA | high: 13.927 FELE: 1.179 mean: 1.141 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: 61.651 median: 21.707 FELE: 20.142 mean: 17.579 low: -37.803 |
|
| 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: 2.087 % FELE: -12.869 % low: -33.18 % |
|
| Earnings Growth | -33.077 % | |
| Earnings Growth QoQ | 4235.125 % | |
| Earnings Growth YoY | -14.001 % | |
| Earnings Growth IPRWA | high: 137.864 % mean: -2.272 % median: -8.466 % FELE: -33.077 % low: -55.556 % |
|
| MARGINS | ||
| Gross Margin | 33.835 % | |
| Gross Margin QoQ | -5.692 % | |
| Gross Margin YoY | 0.068 % | |
| Gross Margin IPRWA | high: 67.596 % mean: 36.5 % 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: 27.289 % median: 24.863 % mean: 19.79 % 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: 27.289 % median: 25.294 % mean: 20.215 % FELE: 10.239 % low: -42.371 % |
|
| 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: 0.855 % 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 % FELE: -2.86 % mean: -4.599 % 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: 6.193 % mean: 2.53 % median: 2.472 % FELE: 1.991 % low: -23.865 % |
|
| 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: 0.047 median: 0.037 FELE: 0.03 low: -0.087 |
|
| 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: 5.302 % mean: 3.498 % median: 3.236 % FELE: 2.794 % low: -14.79 % |
|