Recent News
On February 26, 2026 the company reported fourth-quarter and full-year 2025 results and scheduled a conference call to discuss those results; related SEC filings reflect the same release. On January 29, 2026 analysts published a consensus rating that skewed toward “reduce.” On April 2, 2026 the company published materials announcing its Annual Meeting of Stockholders for May 14, 2026. On April 19, 2026 at least one outlet reported that Zacks Research adjusted its rating to “hold.”
Technical Analysis
ADX / DI+/DI-: ADX sits at 18.37, indicating no established trend; directional readings diverge with DI+ at 24.11 showing a peak-and-reversal and DI- at 19.54 showing a dip-and-reversal—both directional moves favor downside pressure into any consolidation, which weakens the case for sustained breakout while valuation remains supportive.
MACD: MACD equals 1.74 versus a signal line at 1.34, a recent cross above the signal line; the MACD_trend shows a peak-and-reversal, however, so momentum reads as degrading even though a crossover occurred—this produces a conflicted near-term momentum picture that requires confirmation before momentum-driven upside can resume.
MRO (Momentum/Regression Oscillator): MRO at -19.34 places the price below the WMDST target, implying upward potential toward that target; the MRO_trend shows a peak-and-reversal, so the implied upside requires fresh momentum to convert into a sustained move rather than a short-lived bounce.
RSI: RSI at 48.9 sits near neutral with a peak-and-reversal profile, signaling loss of recent strength rather than oversold conditions; this leaves technical risk centered on the stock remaining below shorter-term averages until RSI re-accelerates higher.
Price vs. Moving Averages and Bands: Last close $99.11 trades below the 20-day average ($103.63), 50-day average ($101.49), and well below the 200-day average ($125.82), reinforcing the momentum caution. Bollinger bounds (1x upper $114.01 / lower $93.26) place current price nearer the lower band, suggesting limited immediate downside room within the bands but no signal of renewed momentum without a move back above the 20–50 day averages. Ichimoku components cluster in the $95–105 area, indicating a congested range that must clear for directional conviction.
Fundamental Analysis
Profitability: EBIT equals $63,489,000 and EBITDA equals $147,108,000; operating margin equals 25.7% and gross margin equals 74.2%. EBIT margin stands at 17.5%, up 52.3% year-over-year but down 60.6% quarter-over-quarter; the EBIT margin exceeds the industry peer mean of 10.333% and the industry peer median of 10.167%, placing profitability above typical peers while showing recent quarter compression.
Earnings & Cash Flow: Reported EPS $10.41 missed the estimate of $10.42 by $0.01 (an EPS surprise ratio of -0.096%). Net income recorded negative $7,622,000 while operating cash flow reached $145,533,000 and free cash flow equaled $69,508,000, yielding a free cash flow yield of 11.47%—well above the industry peer mean of 1.781%—which underpins the WMDST valuation conclusion despite the negative net income.
Leverage & Coverage: Total debt $3,200,420,000 produces net debt of $3,041,158,000 and an enterprise value of $3,653,917,558 versus market capitalization $606,266,558, showing substantial net leverage. Debt-to-EBITDA reads 21.8x and debt-to-equity equals 2.23; interest coverage equals 2.15, marginally below the industry peer mean of 2.379. High leverage increases sensitivity to cash-flow variability even as FCF remains positive.
Growth & Efficiency: Reported revenue $363,739,000 with QoQ revenue growth of +145.8% and YoY revenue growth of +102.6%; asset turnover 0.0645 remains below the industry peer mean of 0.1417. Earnings growth shows steep declines (earningsGrowth -44.9%; earningsGrowthYoY -87.1%), indicating profit volatility despite top-line gains in the reported periods.
Valuation: WMDST values the stock as under-valued. Market multiples include P/E 10.33, P/B 0.42 (below the industry peer mean of 1.8019 and median of 1.6775), enterprise multiple 24.84, and forward P/E ~14.37. Free cash flow yield and depressed P/B provide valuation support while elevated leverage and recent margin compression constrain the durability of that support.
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 | $ 166.6 M |
| Operating Cash Flow | $ 145.5 M | |
| Capital Expenditures | $ -76.03 M | |
| Change In Working Capital | $ -10.26 M | |
| Dividends Paid | — | |
| Cash Flow Delta | $ -13.88 M | |
| End Period Cash Flow | $ 152.8 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 363.7 M | |
| Forward Revenue | $ -622.11 M | |
| COSTS | ||
| Cost Of Revenue | $ 93.9 M | |
| Depreciation | $ 83.6 M | |
| Depreciation and Amortization | $ 83.6 M | |
| Research and Development | — | |
| Total Operating Expenses | $ 270.4 M | |
| PROFITABILITY | ||
| Gross Profit | $ 269.9 M | |
| EBITDA | $ 147.1 M | |
| EBIT | $ 63.5 M | |
| Operating Income | $ 93.4 M | |
| Interest Income | — | |
| Interest Expense | $ 29.6 M | |
| Net Interest Income | $ -29.58 M | |
| Income Before Tax | $ 33.9 M | |
| Tax Provision | $ 3.7 M | |
| Tax Rate | 11.056 % | |
| Net Income | $ -7.62 M | |
| Net Income From Continuing Operations | $ -7.62 M | |
| EARNINGS | ||
| EPS Estimate | $ 10.42 | |
| EPS Actual | $ 10.41 | |
| EPS Difference | $ -0.01 | |
| EPS Surprise | -0.096 % | |
| Forward EPS | $ 9.25 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 5.6 B | |
| Intangible Assets | $ 2.8 B | |
| Net Tangible Assets | $ -1.39 B | |
| Total Current Assets | $ 306.6 M | |
| Cash and Short-Term Investments | $ 152.8 M | |
| Cash | $ 152.8 M | |
| Net Receivables | $ 45.7 M | |
| Inventory | — | |
| Long-Term Investments | $ 10.8 M | |
| LIABILITIES | ||
| Accounts Payable | $ 28.1 M | |
| Short-Term Debt | $ 593.5 M | |
| Total Current Liabilities | $ 759.3 M | |
| Net Debt | $ 3.0 B | |
| Total Debt | $ 3.2 B | |
| Total Liabilities | $ 4.2 B | |
| EQUITY | ||
| Total Equity | $ 1.4 B | |
| Retained Earnings | $ 1.3 B | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 254.41 | |
| Shares Outstanding | 5.635 M | |
| Revenue Per-Share | $ 64.55 | |
| VALUATION | Market Capitalization | $ 606.3 M |
| Enterprise Value | $ 3.7 B | |
| Enterprise Multiple | 24.838 | |
| Enterprise Multiple QoQ | 54.401 % | |
| Enterprise Multiple YoY | 92.507 % | |
| Enterprise Multiple IPRWA | high: 64.866 mean: 33.413 median: 25.876 CABO: 24.838 low: -16.265 |
|
| EV/R | 10.045 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 3.898 | |
| Asset To Liability | 1.345 | |
| Debt To Capital | 0.691 | |
| Debt To Assets | 0.573 | |
| Debt To Assets QoQ | -0.79 % | |
| Debt To Assets YoY | 19854.355 % | |
| Debt To Assets IPRWA | high: 1.69 CABO: 0.573 median: 0.349 mean: 0.346 low: 0.0 |
|
| Debt To Equity | 2.232 | |
| Debt To Equity QoQ | -2.762 % | |
| Debt To Equity YoY | 21323.992 % | |
| Debt To Equity IPRWA | high: 6.05 CABO: 2.232 mean: 1.369 median: 0.907 low: -9.844 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 0.423 | |
| Price To Book QoQ | -32.676 % | |
| Price To Book YoY | -58.094 % | |
| Price To Book IPRWA | high: 5.379 mean: 1.802 median: 1.678 CABO: 0.423 low: -0.597 |
|
| Price To Earnings (P/E) | 10.335 | |
| Price To Earnings QoQ | 22.32 % | |
| Price To Earnings YoY | -159.951 % | |
| Price To Earnings IPRWA | high: 106.029 mean: 50.975 median: 34.324 CABO: 10.335 low: -109.964 |
|
| PE/G Ratio | -0.23 | |
| Price To Sales (P/S) | 1.667 | |
| Price To Sales QoQ | -30.315 % | |
| Price To Sales YoY | -64.391 % | |
| Price To Sales IPRWA | high: 13.686 median: 5.137 mean: 5.105 CABO: 1.667 low: 0.01 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 14.372 | |
| Forward PE/G | -0.32 | |
| Forward P/S | -0.975 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 18.957 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.064 | |
| Asset Turnover Ratio QoQ | -1.677 % | |
| Asset Turnover Ratio YoY | 9.791 % | |
| Asset Turnover Ratio IPRWA | high: 0.432 mean: 0.142 median: 0.118 low: 0.089 CABO: 0.064 |
|
| Receivables Turnover | 7.896 | |
| Receivables Turnover Ratio QoQ | -2.508 % | |
| Receivables Turnover Ratio YoY | -10.42 % | |
| Receivables Turnover Ratio IPRWA | CABO: 7.896 high: 3.738 mean: 2.133 median: 1.815 low: 0.991 |
|
| Inventory Turnover | — | |
| Inventory Turnover Ratio QoQ | — | |
| Inventory Turnover Ratio YoY | — | |
| Inventory Turnover Ratio IPRWA | — | |
| Days Sales Outstanding (DSO) | 11.557 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | -17.963 | |
| Cash Conversion Cycle Days QoQ | 3.892 % | |
| Cash Conversion Cycle Days YoY | — | |
| Cash Conversion Cycle Days IPRWA | high: 144.763 mean: 36.378 median: 28.512 CABO: -17.963 low: -95.091 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | -0.803 | |
| CapEx To Revenue | -0.209 | |
| CapEx To Depreciation | -0.909 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 4.0 B | |
| Net Invested Capital | $ 4.6 B | |
| Invested Capital | $ 4.6 B | |
| Net Tangible Assets | $ -1.39 B | |
| Net Working Capital | $ -452.74 M | |
| LIQUIDITY | ||
| Cash Ratio | 0.201 | |
| Current Ratio | 0.404 | |
| Current Ratio QoQ | 4.952 % | |
| Current Ratio YoY | -69.075 % | |
| Current Ratio IPRWA | high: 2.784 mean: 1.333 median: 1.056 CABO: 0.404 low: 0.387 |
|
| Quick Ratio | — | |
| Quick Ratio QoQ | — | |
| Quick Ratio YoY | — | |
| Quick Ratio IPRWA | — | |
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 21.756 | |
| Cost Of Debt | 0.811 % | |
| Interest Coverage Ratio | 2.146 | |
| Interest Coverage Ratio QoQ | -58.734 % | |
| Interest Coverage Ratio YoY | 59.786 % | |
| Interest Coverage Ratio IPRWA | high: 20.795 median: 2.917 mean: 2.379 CABO: 2.146 low: -15.218 |
|
| Operating Cash Flow Ratio | 0.093 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 29.519 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | — | |
| Dividend Payout Ratio | — | |
| Dividend Rate | — | |
| Dividend Yield | — | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | -1.862 % | |
| Revenue Growth | -3.264 % | |
| Revenue Growth QoQ | 145.783 % | |
| Revenue Growth YoY | 102.607 % | |
| Revenue Growth IPRWA | high: 71.226 % mean: 10.491 % median: 3.564 % CABO: -3.264 % low: -24.881 % |
|
| Earnings Growth | -44.891 % | |
| Earnings Growth QoQ | -131.094 % | |
| Earnings Growth YoY | -87.057 % | |
| Earnings Growth IPRWA | high: 260.0 % mean: 8.865 % median: -25.0 % CABO: -44.891 % low: -201.984 % |
|
| MARGINS | ||
| Gross Margin | 74.196 % | |
| Gross Margin QoQ | -0.353 % | |
| Gross Margin YoY | -0.02 % | |
| Gross Margin IPRWA | high: 97.722 % CABO: 74.196 % mean: 58.147 % median: 56.974 % low: 37.002 % |
|
| EBIT Margin | 17.455 % | |
| EBIT Margin QoQ | -60.589 % | |
| EBIT Margin YoY | 52.299 % | |
| EBIT Margin IPRWA | high: 31.652 % CABO: 17.455 % mean: 10.333 % median: 10.167 % low: -64.436 % |
|
| Return On Sales (ROS) | 25.671 % | |
| Return On Sales QoQ | 0.765 % | |
| Return On Sales YoY | 123.986 % | |
| Return On Sales IPRWA | high: 26.635 % CABO: 25.671 % mean: 12.091 % median: 10.789 % low: -26.557 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 69.5 M | |
| Free Cash Flow Yield | 11.465 % | |
| Free Cash Flow Yield QoQ | 20.799 % | |
| Free Cash Flow Yield YoY | 123.882 % | |
| Free Cash Flow Yield IPRWA | high: 24.977 % CABO: 11.465 % median: 2.073 % mean: 1.781 % low: -42.845 % |
|
| Free Cash Growth | -18.572 % | |
| Free Cash Growth QoQ | -189.237 % | |
| Free Cash Growth YoY | 127.014 % | |
| Free Cash Growth IPRWA | high: 516.576 % mean: 60.238 % median: -11.668 % CABO: -18.572 % low: -519.247 % |
|
| Free Cash To Net Income | -9.119 | |
| Cash Flow Margin | 19.434 % | |
| Cash Flow To Earnings | -9.274 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.01 | |
| Return On Assets (ROA) | -0.135 % | |
| Return On Assets QoQ | -108.946 % | |
| Return On Assets YoY | -91.541 % | |
| Return On Assets IPRWA | high: 6.218 % median: 0.795 % mean: 0.778 % CABO: -0.135 % low: -13.421 % |
|
| Return On Capital Employed (ROCE) | 1.315 % | |
| Return On Equity (ROE) | -0.005 | |
| Return On Equity QoQ | -108.802 % | |
| Return On Equity YoY | -90.92 % | |
| Return On Equity IPRWA | high: 0.115 median: 0.022 mean: 0.022 CABO: -0.005 low: -0.543 |
|
| DuPont ROE | -0.532 % | |
| Return On Invested Capital (ROIC) | 1.22 % | |
| Return On Invested Capital QoQ | -57.268 % | |
| Return On Invested Capital YoY | -104.695 % | |
| Return On Invested Capital IPRWA | high: 6.371 % mean: 1.669 % median: 1.608 % CABO: 1.22 % low: -22.388 % |
|