Recent News
On April 1, 2026 the company filed its 2026 proxy/annual meeting materials and set the date for the 2026 annual meeting; recent company filings and proxy materials also updated board and governance items. Social-media reports and local posts in March–April 2026 note new store openings and rebrand activity in select markets, alongside employee posts discussing working conditions and calls for organization activity.
Technical Analysis
Directional indicators: ADX at 22.08 signals an emerging directional regime rather than a strong trend; DI+ shows a peak-and-reverse while DI- displays a dip-and-reverse, a configuration that denotes increasing downside pressure over the immediate horizon.
MACD sits above its signal line (MACD 1.59 vs signal 1.26) but the MACD trend reads as a peak-and-reversal, indicating bearish momentum despite the recent above-signal positioning; that pattern favors mean reversion in price momentum over continued acceleration.
MRO at 23.59 (positive) indicates the price currently sits above WMDST’s intrinsic target, which implies a higher probability of near-term downward pressure as the market corrects toward fair value.
RSI 55.72 with an increasing trend shows modest bullish conviction within neutral range, supporting continuation only if momentum indicators stop reversing; absent that, RSI provides limited protection against a pullback.
Price vs averages and bands: the close at $58.18 sits above the 12-day EMA ($57.06) and the 20-day average ($56.69), with the 200-day average near $53.29. Price hovers just below the upper 1x Bollinger band ($58.75) and above the super-trend support ($54.85), a price placement consistent with a short-term stretched market that can retest support if momentum reverses. Beta (42-day 1.31) implies above-market sensitivity that magnifies directional moves.
Fundamental Analysis
Profitability and margins: EBIT of $74,000,000 yields an EBIT margin of 3.75%, which sits below the industry peer mean of 11.71% and below the industry peer median of 10.83%. Operating margin stands at 3.45% and gross margin at 44.05%, the latter slightly above the industry peer mean of 41.47% and roughly in line with the industry peer median of 44.10%, indicating cost of goods control offset by pressure on operating leverage.
Revenue and earnings: total revenue $1,973,000,000 with reported revenue growth at -3.09% and revenue growth year-over-year at -56.27% as provided. EPS came in at $0.86 versus an estimate of $0.41, beating by $0.45 — a 109.8% surprise above consensus.
Cash flow and liquidity: operating cash flow $72,000,000 and end-period cash $3,123,000,000 provide liquidity cushion, but free cash flow was negative at -$21,000,000 with a free-cash-flow yield of -0.72%, signaling limited free-cash generation this period. Current ratio 1.75 and quick ratio 0.87 indicate adequate near-term coverage of obligations.
Leverage and coverage: total debt $5,224,000,000 versus market cap ~$2.93B and enterprise value ~$5.03B yields a high leverage profile; debt-to-EBITDA ~39.6x and debt-to-equity ~2.38x underscore material leverage risk, while interest coverage around 1.40x limits flexibility should margins compress.
Returns: ROE ~0.27% and ROA ~0.05% remain minimal, reflecting depressed profitability relative to invested capital. Asset turnover at 0.165, below the industry peer mean of 0.316, highlights lower capital efficiency versus peers.
Valuation posture: price-to-earnings ~56.8x and an enterprise multiple near 38.1x sit alongside WMDST’s stated view that the stock is over-valued. The WMDST valuation call reflects the combination of high multiples, weak cash generation, and elevated leverage despite the EPS beat and solid gross margin. WMDST values the stock as over-valued.
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: 72.62 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: 0.096 |
|
| 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: 14.657 median: 8.4 AAP: 1.396 low: -15.692 |
|
| 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 % |
|