Recent News
On April 23, 2026 the company’s board declared a quarterly cash dividend of $0.16 per share payable May 15, 2026, with record date May 8, 2026; the company also completed its 2026–2027 reinsurance renewal and added multi‑year coverage to its program.
Technical Analysis
ADX sits at 24.25, indicating an emerging trend strength that supports a directional bias but not a dominant trend; this aligns with price activity clustering just above short-term support near the super-trend lower at $37.85.
Directional indicators show DI+ at 30.40 with a decreasing trend, a bearish signal; DI- at 19.31 shows a peak & reversal, a bullish read for directional pressure. Together these readings imply directional conflict with a mild advantage to recent upside pressure but with waning bullish momentum.
MACD measures 1.07, below its signal line at 1.21 and trending down; that configuration signals contracting bullish momentum and increases the risk of a short-term pullback until momentum stabilizes or MACD crosses above the signal line.
MRO sits at 34.11 with a dip & reversal pattern; the positive MRO indicates price currently sits above the model target and suggests potential mean reversion pressure toward the target if momentum weakens.
RSI at 58.19 with a dip & reversal indicates recovery from a recent pullback while remaining below overbought thresholds, supporting a consolidative range rather than a breakout continuation at present.
Price sits at $39.55, above the 200‑day average of $31.00 and roughly aligned with the 20‑day average ($39.40) and short EMAs (12‑day EMA $39.08, 26‑day EMA $38.03). The 12‑day EMA shows a peak & reversal pattern; that and a price near the upper Bollinger boundary (upper ≈ $40.41 at 2×) favor a cautious outlook for near-term upside without fresh momentum.
Fundamental Analysis
Revenue totaled $393.6M for the quarter; net income from continuing operations reached $54.29M and EBIT amounted to $73.11M, producing an EBIT margin of 18.58%. EBIT margin contracted QoQ by 15.68% but expanded YoY by 28.93%, signaling improving profitability versus the prior year despite recent quarter-to-quarter compression. The EBIT margin sits above the industry peer mean of 17.747% and above the industry peer median of 16.43%.
Reported diluted adjusted EPS equaled $2.00 versus an estimate of $1.39, an EPS surprise of approximately 43.9%, with forward EPS of $1.10 and a forward P/E near 32.70. Trailing P/E stands at 16.69, notably below the industry peer mean P/E of 44.74 and below the industry peer median of 40.81, indicating the market prices current earnings at a materially lower multiple than peers.
Balance-sheet metrics show ample liquidity: cash and short‑term investments of $740.55M and operating cash flow of $154.82M; free cash flow measured $153.24M, translating to a free cash flow yield of 16.45%, well above the industry peer mean free cash flow yield of 3.37%. Total debt remains low at $100.29M, producing a debt‑to‑assets ratio of 3.62%, below the industry peer mean of 5.67% and contributing to an interest coverage ratio of 51.56.
Return metrics show return on equity of 9.29% and return on assets of 1.94%, both above the respective industry peer means (ROE mean ≈ 5.75%; ROA mean ≈ 1.41%), indicating relatively efficient capital returns within the peer context. Revenue declined YoY by 33.74% while revenue growth sequentially registered flat QoQ; asset growth registered a slight contraction of 2.48%.
Capital deployment included ongoing repurchases disclosed in filings and the declared cash dividend. The current valuation as determined by WMDST classifies the stock as under-valued, supported by a trailing P/E well below peer averages, a high free cash flow yield, and a conservative leverage profile.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2026-03-31 |
| REPORT DATE: | 2026-04-23 |
| NEXT REPORT DATE: | 2026-07-23 |
| CASH FLOW | Begin Period Cash Flow | $ 477.8 M |
| Operating Cash Flow | $ 154.8 M | |
| Capital Expenditures | $ -1.58 M | |
| Change In Working Capital | $ 100.5 M | |
| Dividends Paid | $ -4.91 M | |
| Cash Flow Delta | $ 120.6 M | |
| End Period Cash Flow | $ 598.4 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 393.6 M | |
| Forward Revenue | $ 55.6 M | |
| COSTS | ||
| Cost Of Revenue | — | |
| Depreciation | — | |
| Depreciation and Amortization | — | |
| Research and Development | — | |
| Total Operating Expenses | $ 321.9 M | |
| PROFITABILITY | ||
| Gross Profit | — | |
| EBITDA | — | |
| EBIT | $ 73.1 M | |
| Operating Income | — | |
| Interest Income | $ -177.00 K | |
| Interest Expense | $ 1.4 M | |
| Net Interest Income | $ -1.59 M | |
| Income Before Tax | $ 71.7 M | |
| Tax Provision | $ 17.4 M | |
| Tax Rate | 24.272 % | |
| Net Income | $ 54.3 M | |
| Net Income From Continuing Operations | $ 54.3 M | |
| EARNINGS | ||
| EPS Estimate | $ 1.39 | |
| EPS Actual | $ 2.00 | |
| EPS Difference | $ 0.61 | |
| EPS Surprise | 43.885 % | |
| Forward EPS | $ 1.10 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 2.8 B | |
| Intangible Assets | — | |
| Net Tangible Assets | $ 584.7 M | |
| Total Current Assets | — | |
| Cash and Short-Term Investments | $ 740.5 M | |
| Cash | $ 595.8 M | |
| Net Receivables | $ 277.9 M | |
| Inventory | — | |
| Long-Term Investments | — | |
| LIABILITIES | ||
| Accounts Payable | $ 135.8 M | |
| Short-Term Debt | — | |
| Total Current Liabilities | — | |
| Net Debt | — | |
| Total Debt | $ 100.3 M | |
| Total Liabilities | $ 2.2 B | |
| EQUITY | ||
| Total Equity | $ 584.7 M | |
| Retained Earnings | $ 807.1 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 20.95 | |
| Shares Outstanding | 27.905 M | |
| Revenue Per-Share | $ 14.10 | |
| VALUATION | Market Capitalization | $ 931.5 M |
| Enterprise Value | $ 291.2 M | |
| Enterprise Multiple | — | |
| Enterprise Multiple QoQ | — | |
| Enterprise Multiple YoY | — | |
| Enterprise Multiple IPRWA | — | |
| EV/R | 0.74 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 4.736 | |
| Asset To Liability | 1.268 | |
| Debt To Capital | 0.146 | |
| Debt To Assets | 0.036 | |
| Debt To Assets QoQ | 2.346 % | |
| Debt To Assets YoY | -2.714 % | |
| Debt To Assets IPRWA | high: 0.102 median: 0.06 mean: 0.057 UVE: 0.036 low: 0.005 |
|
| Debt To Equity | 0.172 | |
| Debt To Equity QoQ | -5.945 % | |
| Debt To Equity YoY | -28.31 % | |
| Debt To Equity IPRWA | high: 0.47 median: 0.262 mean: 0.238 UVE: 0.172 low: 0.011 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 1.593 | |
| Price To Book QoQ | 1.022 % | |
| Price To Book YoY | 9.766 % | |
| Price To Book IPRWA | high: 4.278 mean: 2.273 median: 1.963 UVE: 1.593 low: 0.308 |
|
| Price To Earnings (P/E) | 16.691 | |
| Price To Earnings QoQ | 16.744 % | |
| Price To Earnings YoY | 10.527 % | |
| Price To Earnings IPRWA | high: 119.255 mean: 44.741 median: 40.809 low: 19.674 UVE: 16.691 |
|
| PE/G Ratio | -2.131 | |
| Price To Sales (P/S) | 2.367 | |
| Price To Sales QoQ | 11.114 % | |
| Price To Sales YoY | 52.46 % | |
| Price To Sales IPRWA | high: 18.032 mean: 5.949 median: 5.424 UVE: 2.367 low: 1.646 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 32.699 | |
| Forward PE/G | -4.174 | |
| Forward P/S | 16.745 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 5.298 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.14 | |
| Asset Turnover Ratio QoQ | 1.984 % | |
| Asset Turnover Ratio YoY | -1.266 % | |
| Asset Turnover Ratio IPRWA | high: 0.241 UVE: 0.14 mean: 0.108 median: 0.083 low: 0.021 |
|
| Receivables Turnover | 1.342 | |
| Receivables Turnover Ratio QoQ | 16.298 % | |
| Receivables Turnover Ratio YoY | 112.182 % | |
| Receivables Turnover Ratio IPRWA | high: 1.788 UVE: 1.342 mean: 0.696 median: 0.599 low: 0.128 |
|
| Inventory Turnover | — | |
| Inventory Turnover Ratio QoQ | — | |
| Inventory Turnover Ratio YoY | — | |
| Inventory Turnover Ratio IPRWA | — | |
| Days Sales Outstanding (DSO) | 67.994 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | — | |
| Cash Conversion Cycle Days QoQ | — | |
| Cash Conversion Cycle Days YoY | — | |
| Cash Conversion Cycle Days IPRWA | — | |
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | — | |
| CapEx To Revenue | -0.004 | |
| CapEx To Depreciation | — | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 685.0 M | |
| Net Invested Capital | $ 685.0 M | |
| Invested Capital | $ 685.0 M | |
| Net Tangible Assets | $ 584.7 M | |
| Net Working Capital | — | |
| LIQUIDITY | ||
| Cash Ratio | — | |
| Current Ratio | — | |
| Current Ratio QoQ | — | |
| Current Ratio YoY | — | |
| Current Ratio IPRWA | — | |
| Quick Ratio | — | |
| Quick Ratio QoQ | — | |
| Quick Ratio YoY | — | |
| Quick Ratio IPRWA | — | |
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | — | |
| Cost Of Debt | 1.064 % | |
| Interest Coverage Ratio | 51.559 | |
| Interest Coverage Ratio QoQ | -18.422 % | |
| Interest Coverage Ratio YoY | 30.05 % | |
| Interest Coverage Ratio IPRWA | high: 51.943 UVE: 51.559 median: 30.973 mean: 30.352 low: -27.9 |
|
| Operating Cash Flow Ratio | — | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | — | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | 11.064 | |
| Dividend Payout Ratio | 0.09 | |
| Dividend Rate | $ 0.18 | |
| Dividend Yield | 0.005 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | -2.476 % | |
| Revenue Growth | 1.732 % | |
| Revenue Growth QoQ | 0.0 % | |
| Revenue Growth YoY | -33.741 % | |
| Revenue Growth IPRWA | high: 13.108 % UVE: 1.732 % mean: -1.958 % median: -2.605 % low: -11.415 % |
|
| Earnings Growth | -7.834 % | |
| Earnings Growth QoQ | -113.153 % | |
| Earnings Growth YoY | -101.646 % | |
| Earnings Growth IPRWA | high: 62.069 % UVE: -7.834 % mean: -11.171 % median: -19.697 % low: -66.667 % |
|
| MARGINS | ||
| Gross Margin | — | |
| Gross Margin QoQ | — | |
| Gross Margin YoY | — | |
| Gross Margin IPRWA | — | |
| EBIT Margin | 18.576 % | |
| EBIT Margin QoQ | -15.682 % | |
| EBIT Margin YoY | 28.928 % | |
| EBIT Margin IPRWA | high: 47.822 % UVE: 18.576 % mean: 17.747 % median: 16.43 % low: -12.265 % |
|
| Return On Sales (ROS) | — | |
| Return On Sales QoQ | — | |
| Return On Sales YoY | — | |
| Return On Sales IPRWA | — | |
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 153.2 M | |
| Free Cash Flow Yield | 16.451 % | |
| Free Cash Flow Yield QoQ | 471.811 % | |
| Free Cash Flow Yield YoY | -45.649 % | |
| Free Cash Flow Yield IPRWA | UVE: 16.451 % high: 7.237 % median: 3.501 % mean: 3.367 % low: -4.372 % |
|
| Free Cash Growth | 512.894 % | |
| Free Cash Growth QoQ | -966.551 % | |
| Free Cash Growth YoY | -282.204 % | |
| Free Cash Growth IPRWA | UVE: 512.894 % high: 196.35 % mean: -7.488 % median: -15.291 % low: -133.6 % |
|
| Free Cash To Net Income | 2.823 | |
| Cash Flow Margin | -9.25 % | |
| Cash Flow To Earnings | -0.671 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | 1.936 % | |
| Return On Assets QoQ | -13.802 % | |
| Return On Assets YoY | 29.759 % | |
| Return On Assets IPRWA | high: 2.856 % UVE: 1.936 % mean: 1.406 % median: 1.303 % low: -1.844 % |
|
| Return On Capital Employed (ROCE) | — | |
| Return On Equity (ROE) | 0.093 | |
| Return On Equity QoQ | -23.163 % | |
| Return On Equity YoY | -5.361 % | |
| Return On Equity IPRWA | UVE: 0.093 high: 0.088 mean: 0.057 median: 0.053 low: -0.051 |
|
| DuPont ROE | 9.56 % | |
| Return On Invested Capital (ROIC) | 8.082 % | |
| Return On Invested Capital QoQ | -22.176 % | |
| Return On Invested Capital YoY | -0.492 % | |
| Return On Invested Capital IPRWA | UVE: 8.082 % high: 7.411 % mean: 4.769 % median: 4.375 % low: -4.85 % |
|