Recent News
April 6–May 6, 2026: Company traffic releases show April 2026 total passenger traffic at about 6.0 million, down 0.7% year-over-year; March 2026 traffic rose 0.6% versus prior year; February 2026 rose 1.6% year-over-year. On April 22, 2026 the company published first-quarter 2026 results and reiterated capital spending on the Master Development Program, noting Terminal 1 construction in Cancún on track for a third-quarter opening.
Technical Analysis
Directional indicators show contested pressure: ADX at 28.23 signals a meaningful trend environment; DI+ at 13.35 decreasing indicates bearish directional pressure while DI- at 27.54 showing a peak-and-reversal indicates recent DI- weakening. The mixed DI readings imply price action depends on which side regains control rather than a clear trend continuation.
MACD sits at -8.39 with a recent dip-and-reversal pattern, suggesting bullish momentum has begun to build, but the MACD remains below its signal line (-6.68), so momentum lacks confirmation for a sustained advance relative to current valuation.
MRO reads 1.13 (positive), indicating price sits modestly above the WMDST target and may carry some downward pressure; the MRO’s dip-and-reversal suggests that overvaluation pressure could moderate, reducing the immediacy of downside risk tied to target divergence.
RSI at 45.73 with a dip-and-reversal shows momentum attempting a rebound from neutral territory; the indicator does not yet convey overbought conditions and supports a consolidative near-term profile consistent with the introduction’s mixed view.
Price sits at $310.54 below the 200-day average ($325.43) and slightly below the 20-day average ($313.52), with the 12-day EMA ($311.62) trending lower—these averages place the stock inside the lower half of the 20-day Bollinger band (lower band $299.86, upper band $327.17), favoring range-bound to slightly bearish near-term price action until MACD crosses the signal or price reclaims the 20-day average.
Volume beat short- and medium-term averages today (volume 105,857 vs. 10-day avg 72,606 and 50-day avg 72,661), indicating episodic conviction when moves occur; short-term beta (42-day) higher at 1.37 versus 52-week beta 0.71, signaling elevated near-term volatility versus the year-long baseline.
Fundamental Analysis
Profitability stands out: operating (EBIT) margin at 90.7% and operating margin QoQ +65.63% and YoY +55.73% reflect outsized margin conversion relative to peers; the operating margin sits above the industry peer high of 79.88%. Interest coverage measures extreme strength at 77.1x, signaling ample buffer for interest obligations.
Liquidity and balance-sheet metrics show resilience: cash and short-term investments total $20.08 billion, current ratio 4.36 and quick ratio 4.35, and a cash ratio of 3.41. Net debt remains manageable with total debt about $13.38 billion and debt-to-EBITDA roughly 1.52x.
Growth metrics present divergence: trailing revenue growth reads 1.21% sequentially but revenue growth year-over-year shows -85.77%; earnings growth YoY shows -60.28%. Net income totaled $3.41 billion while operating cash flow reached $4.46 billion, and free cash flow yielded 2.34%.
Market multiples look mixed against peers: trailing P/E about 47.9 and forward P/E ~59.6; price-to-book near 1.52 sits below the industry peer mean and median (industry peer mean ~4.96; median ~5.84), while price-to-sales near 9.15 sits below the industry peer mean ~11.82. Free cash flow yield exceeding the industry peer mean supports valuation on cash-generation grounds.
WMDST values the stock as under-valued based on the firm’s high margins, strong cash position, and low leverage relative to earnings capacity, offset by sharply negative YoY revenue and earnings growth rates that justify conservative near-term assumptions.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2024-12-31 |
| REPORT DATE: | 2026-04-22 |
| NEXT REPORT DATE: | 2026-07-22 |
| CASH FLOW | Begin Period Cash Flow | $ 18.5 B |
| Operating Cash Flow | $ 4.5 B | |
| Capital Expenditures | $ -2.53 B | |
| Change In Working Capital | $ -36.21 M | |
| Dividends Paid | — | |
| Cash Flow Delta | $ -36.21 M | |
| End Period Cash Flow | $ 20.1 B | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 9.0 B | |
| Forward Revenue | $ 1.2 B | |
| COSTS | ||
| Cost Of Revenue | $ 6.6 B | |
| Depreciation | $ 610.8 M | |
| Depreciation and Amortization | $ 610.8 M | |
| Research and Development | — | |
| Total Operating Expenses | $ 4.5 B | |
| PROFITABILITY | ||
| Gross Profit | $ 2.4 B | |
| EBITDA | $ 6.1 B | |
| EBIT | $ 8.2 B | |
| Operating Income | $ 4.5 B | |
| Interest Income | $ 350.1 M | |
| Interest Expense | $ 234.8 M | |
| Net Interest Income | $ -1.28 B | |
| Income Before Tax | $ 5.3 B | |
| Tax Provision | $ 1.7 B | |
| Tax Rate | 32.099 % | |
| Net Income | $ 3.4 B | |
| Net Income From Continuing Operations | $ 5.3 B | |
| EARNINGS | ||
| EPS Estimate | $ 6.29 | |
| EPS Actual | $ 5.21 | |
| EPS Difference | $ -1.08 | |
| EPS Surprise | -17.17 % | |
| Forward EPS | $ 6.27 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 83.6 B | |
| Intangible Assets | $ 55.9 B | |
| Net Tangible Assets | $ -1.67 B | |
| Total Current Assets | $ 25.7 B | |
| Cash and Short-Term Investments | $ 20.1 B | |
| Cash | $ 20.1 B | |
| Net Receivables | $ 2.8 B | |
| Inventory | $ 58.2 M | |
| Long-Term Investments | — | |
| LIABILITIES | ||
| Accounts Payable | $ 465.2 M | |
| Short-Term Debt | $ 1.1 B | |
| Total Current Liabilities | $ 5.9 B | |
| Net Debt | — | |
| Total Debt | $ 13.4 B | |
| Total Liabilities | $ 22.0 B | |
| EQUITY | ||
| Total Equity | $ 54.2 B | |
| Retained Earnings | $ 20.3 B | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 180.71 | |
| Shares Outstanding | 300.000 M | |
| Revenue Per-Share | $ 30.07 | |
| VALUATION | Market Capitalization | $ 82.5 B |
| Enterprise Value | $ 75.8 B | |
| Enterprise Multiple | 8.625 | |
| Enterprise Multiple QoQ | -37.137 % | |
| Enterprise Multiple YoY | -42.908 % | |
| Enterprise Multiple IPRWA | high: 118.576 mean: 44.502 median: 34.431 ASR: 8.625 low: -42.459 |
|
| EV/R | 8.406 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 1.543 | |
| Asset To Liability | 3.798 | |
| Debt To Capital | 0.198 | |
| Debt To Assets | 0.16 | |
| Debt To Assets QoQ | 1194.498 % | |
| Debt To Assets YoY | 812.201 % | |
| Debt To Assets IPRWA | high: 0.852 ASR: 0.16 mean: 0.091 median: 0.022 low: 0.0 |
|
| Debt To Equity | 0.247 | |
| Debt To Equity QoQ | 1180.29 % | |
| Debt To Equity YoY | 799.235 % | |
| Debt To Equity IPRWA | high: 2.149 ASR: 0.247 mean: 0.196 median: 0.055 low: -1.418 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 1.522 | |
| Price To Book QoQ | -6.616 % | |
| Price To Book YoY | -15.593 % | |
| Price To Book IPRWA | high: 10.646 median: 5.843 mean: 4.962 ASR: 1.522 low: -5.559 |
|
| Price To Earnings (P/E) | 47.925 | |
| Price To Earnings QoQ | -0.565 % | |
| Price To Earnings YoY | -14.507 % | |
| Price To Earnings IPRWA | high: 246.572 median: 78.556 mean: 78.037 ASR: 47.925 low: -51.3 |
|
| PE/G Ratio | -13.58 | |
| Price To Sales (P/S) | 9.149 | |
| Price To Sales QoQ | -16.492 % | |
| Price To Sales YoY | -22.383 % | |
| Price To Sales IPRWA | high: 29.949 median: 11.932 mean: 11.823 ASR: 9.149 low: 0.125 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 59.586 | |
| Forward PE/G | -16.885 | |
| Forward P/S | 92.151 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 4.851 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.111 | |
| Asset Turnover Ratio QoQ | 12.388 % | |
| Asset Turnover Ratio YoY | 14.633 % | |
| Asset Turnover Ratio IPRWA | high: 0.595 mean: 0.163 median: 0.12 ASR: 0.111 low: 0.001 |
|
| Receivables Turnover | 3.59 | |
| Receivables Turnover Ratio QoQ | 13.402 % | |
| Receivables Turnover Ratio YoY | 6.391 % | |
| Receivables Turnover Ratio IPRWA | high: 14.026 ASR: 3.59 mean: 3.309 median: 3.115 low: 0.029 |
|
| Inventory Turnover | 53.254 | |
| Inventory Turnover Ratio QoQ | 155.743 % | |
| Inventory Turnover Ratio YoY | -1.304 % | |
| Inventory Turnover Ratio IPRWA | ASR: 53.254 high: 40.405 mean: 8.265 median: 5.356 low: 0.266 |
|
| Days Sales Outstanding (DSO) | 25.415 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 16.657 | |
| Cash Conversion Cycle Days QoQ | -123.892 % | |
| Cash Conversion Cycle Days YoY | 14.945 % | |
| Cash Conversion Cycle Days IPRWA | high: 163.069 ASR: 16.657 mean: 7.344 median: -2.544 low: -98.935 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 0.456 | |
| CapEx To Revenue | -0.281 | |
| CapEx To Depreciation | -4.147 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 66.4 B | |
| Net Invested Capital | $ 67.6 B | |
| Invested Capital | $ 67.6 B | |
| Net Tangible Assets | $ -1.67 B | |
| Net Working Capital | $ 19.8 B | |
| LIQUIDITY | ||
| Cash Ratio | 3.411 | |
| Current Ratio | 4.358 | |
| Current Ratio QoQ | -6.235 % | |
| Current Ratio YoY | 12.3 % | |
| Current Ratio IPRWA | high: 5.625 ASR: 4.358 mean: 1.055 median: 0.899 low: 0.004 |
|
| Quick Ratio | 4.348 | |
| Quick Ratio QoQ | -5.689 % | |
| Quick Ratio YoY | 12.407 % | |
| Quick Ratio IPRWA | ASR: 4.348 high: 4.002 mean: 0.911 median: 0.771 low: 0.221 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 1.522 | |
| Cost Of Debt | 6.456 % | |
| Interest Coverage Ratio | 77.102 | |
| Interest Coverage Ratio QoQ | 99.657 % | |
| Interest Coverage Ratio YoY | 400.093 % | |
| Interest Coverage Ratio IPRWA | ASR: 77.102 high: 28.884 median: 8.311 mean: 7.562 low: -18.599 |
|
| Operating Cash Flow Ratio | 0.638 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 13.152 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | — | |
| Dividend Payout Ratio | — | |
| Dividend Rate | — | |
| Dividend Yield | — | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 6.638 % | |
| Revenue Growth | 1.208 % | |
| Revenue Growth QoQ | 0.0 % | |
| Revenue Growth YoY | -85.77 % | |
| Revenue Growth IPRWA | high: 29.956 % median: 5.803 % mean: 3.036 % ASR: 1.208 % low: -41.586 % |
|
| Earnings Growth | -3.529 % | |
| Earnings Growth QoQ | -82.575 % | |
| Earnings Growth YoY | -60.281 % | |
| Earnings Growth IPRWA | high: 133.333 % median: -2.102 % ASR: -3.529 % mean: -7.358 % low: -163.83 % |
|
| MARGINS | ||
| Gross Margin | 26.373 % | |
| Gross Margin QoQ | -59.67 % | |
| Gross Margin YoY | -12.661 % | |
| Gross Margin IPRWA | high: 100.0 % median: 39.51 % mean: 37.286 % ASR: 26.373 % low: -30.882 % |
|
| EBIT Margin | 90.685 % | |
| EBIT Margin QoQ | 65.632 % | |
| EBIT Margin YoY | 55.728 % | |
| EBIT Margin IPRWA | ASR: 90.685 % high: 79.88 % median: 32.297 % mean: 27.522 % low: -111.468 % |
|
| Return On Sales (ROS) | 90.685 % | |
| Return On Sales QoQ | 65.632 % | |
| Return On Sales YoY | 55.728 % | |
| Return On Sales IPRWA | ASR: 90.685 % high: 79.88 % median: 32.297 % mean: 27.604 % low: -56.011 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 1.9 B | |
| Free Cash Flow Yield | 2.341 % | |
| Free Cash Flow Yield QoQ | -30.286 % | |
| Free Cash Flow Yield YoY | -13.264 % | |
| Free Cash Flow Yield IPRWA | high: 15.601 % ASR: 2.341 % median: 1.238 % mean: 0.708 % low: -28.881 % |
|
| Free Cash Growth | -29.818 % | |
| Free Cash Growth QoQ | 4.23 % | |
| Free Cash Growth YoY | -10.623 % | |
| Free Cash Growth IPRWA | high: 523.864 % mean: 32.627 % median: -4.396 % ASR: -29.818 % low: -645.846 % |
|
| Free Cash To Net Income | 0.566 | |
| Cash Flow Margin | 41.664 % | |
| Cash Flow To Earnings | 1.101 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | 4.214 % | |
| Return On Assets QoQ | -5.832 % | |
| Return On Assets YoY | 17.611 % | |
| Return On Assets IPRWA | high: 5.012 % ASR: 4.214 % mean: 1.755 % median: 1.613 % low: -8.34 % |
|
| Return On Capital Employed (ROCE) | 10.521 % | |
| Return On Equity (ROE) | 0.063 | |
| Return On Equity QoQ | -6.322 % | |
| Return On Equity YoY | 11.568 % | |
| Return On Equity IPRWA | high: 0.145 ASR: 0.063 mean: 0.05 median: 0.048 low: -0.198 |
|
| DuPont ROE | 6.535 % | |
| Return On Invested Capital (ROIC) | 8.22 % | |
| Return On Invested Capital QoQ | -150.591 % | |
| Return On Invested Capital YoY | -137.122 % | |
| Return On Invested Capital IPRWA | high: 112.87 % ASR: 8.22 % median: -1.499 % mean: -9.721 % low: -114.699 % |
|