Recent News
On March 2, 2026 ADMA announced a $125 million accelerated share-repurchase with J.P. Morgan as part of a planned $200 million 2026 repurchase initiative. In April–May 2026 multiple law firms publicized investigations and potential securities class-action activity related to the company, and an analyst group adjusted coverage and price targets in the wake of recent corporate disclosures.
Technical Analysis
Directional indicators (ADX / DI+ / DI-): ADX at 31.17 indicates a strong directional regime; DI+ shows a dip-and-reversal while DI− shows a peak-and-reversal, a configuration that points to bullish directional reconfiguration despite DI− remaining numerically above DI+.
MACD: MACD sits at −0.73 with a dip-and-reversal pattern, indicating bullish momentum emerging from a negative base; no confirmed MACD crossover above the signal line exists at the reported values.
MRO (Momentum/Regression Oscillator): MRO reads −29.62, which places the price below the model target and implies potential upward pressure as the market closes the gap toward target levels.
RSI: RSI at 37.21 with a dip-and-reversal indicates prior oversold conditions beginning to reverse, supporting near-term strength if momentum holds.
Price versus moving averages and cloud: Closing price $8.56 tracks below the 20‑day average ($8.92), 50‑day average ($10.69) and 200‑day average ($15.24); the 12‑day EMA trend remains decreasing. Ichimoku Tenkan/Kijun (9.07 / 9.46) lie above price while Senkou span A/B sit near $11.55 / $12.61, indicating the price remains under the larger cloud resistance despite short-term reversal signals.
Bollinger bands & volatility: Price sits between the 1x Bollinger bands ($7.89–$9.95) and below the super-trend upper band ($9.68), consistent with a mean‑reversion opportunity inside a still-elevated volatility regime (42‑day beta ~1.09).
Fundamental Analysis
Profitability & margins: EBIT equals $59,227,000 and EBIT margin stands at 51.73%, a level substantially above the industry peer mean (−1.10%) and industry peer median (0.23%), with EBIT margin improving 13.87% QoQ and 67.64% YoY. Operating margin of 43.93% and gross margin of 70.53% confirm significant margin expansion versus recent periods.
Revenue and earnings: Total revenue reported $114,493,000. Reported EPS came in at $0.17 versus an estimate of $0.20, a −$0.03 miss (−15.00% surprise). Reported revenue growth figures include a QoQ change of −581.71% and a YoY change of 658.54% as provided; earnings growth YoY recorded 6.06% while QoQ earnings growth contracted per the supplied values.
Cash flow and liquidity: Cash and short‑term investments total $138,153,000 with operating cash flow $52,105,000 and free cash flow $55,653,000; cash conversion ratio 26.16% and cash ratio 187.86% indicate strong near‑term liquidity. Net debt sits at $58,712,000 and interest coverage around 28.20x supports manageable debt service.
Balance‑sheet health & working capital: Current ratio 6.95 and quick ratio 3.93 show very strong short‑term coverage; net working capital $437,632,000 and inventory at $222,098,000 drive a long cash conversion cycle reported at 466.64 days.
Valuation context: WMDST values the stock as under‑valued. Market multiples show a P/E of 74.24 and EV/Revenue and EV multiples consistent with a premium; P/B at 7.51 sits near the industry peer mean (7.64). Free cash flow yield registers 1.90% on reported free cash flow, while enterprise multiple reads ~49.09x. Margin expansion, strong operating cash conversion and the active share‑repurchase program support WMDST’s under‑valued determination when measured against the company’s cash generation profile.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2026-03-31 |
| REPORT DATE: | 2026-05-06 |
| NEXT REPORT DATE: | 2026-08-05 |
| CASH FLOW | Begin Period Cash Flow | $ 87.6 M |
| Operating Cash Flow | $ 52.1 M | |
| Capital Expenditures | $ -2.60 M | |
| Change In Working Capital | $ 9.2 M | |
| Dividends Paid | — | |
| Cash Flow Delta | $ 50.5 M | |
| End Period Cash Flow | $ 138.2 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 114.5 M | |
| Forward Revenue | $ 38.7 M | |
| COSTS | ||
| Cost Of Revenue | $ 33.7 M | |
| Depreciation | $ 1.8 M | |
| Depreciation and Amortization | $ 1.8 M | |
| Research and Development | $ 2.6 M | |
| Total Operating Expenses | $ 64.2 M | |
| PROFITABILITY | ||
| Gross Profit | $ 80.8 M | |
| EBITDA | $ 61.1 M | |
| EBIT | $ 59.2 M | |
| Operating Income | $ 50.3 M | |
| Interest Income | $ 1.1 M | |
| Interest Expense | $ 2.1 M | |
| Net Interest Income | $ -1.01 M | |
| Income Before Tax | $ 57.1 M | |
| Tax Provision | $ 11.8 M | |
| Tax Rate | 20.654 % | |
| Net Income | $ 45.3 M | |
| Net Income From Continuing Operations | $ 45.3 M | |
| EARNINGS | ||
| EPS Estimate | $ 0.20 | |
| EPS Actual | $ 0.17 | |
| EPS Difference | $ -0.03 | |
| EPS Surprise | -15.0 % | |
| Forward EPS | $ 0.26 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 665.2 M | |
| Intangible Assets | $ 4.2 M | |
| Net Tangible Assets | $ 386.2 M | |
| Total Current Assets | $ 511.2 M | |
| Cash and Short-Term Investments | $ 138.2 M | |
| Cash | $ 138.2 M | |
| Net Receivables | $ 135.9 M | |
| Inventory | $ 222.1 M | |
| Long-Term Investments | $ 8.5 M | |
| LIABILITIES | ||
| Accounts Payable | $ 20.5 M | |
| Short-Term Debt | $ 3.3 M | |
| Total Current Liabilities | $ 73.5 M | |
| Net Debt | $ 58.7 M | |
| Total Debt | $ 204.4 M | |
| Total Liabilities | $ 274.9 M | |
| EQUITY | ||
| Total Equity | $ 390.3 M | |
| Retained Earnings | $ -116.33 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 1.68 | |
| Shares Outstanding | 232.289 M | |
| Revenue Per-Share | $ 0.49 | |
| VALUATION | Market Capitalization | $ 2.9 B |
| Enterprise Value | $ 3.0 B | |
| Enterprise Multiple | 49.095 | |
| Enterprise Multiple QoQ | -20.986 % | |
| Enterprise Multiple YoY | -61.434 % | |
| Enterprise Multiple IPRWA | high: 75.51 ADMA: 49.095 median: 29.168 mean: 8.753 low: -128.217 |
|
| EV/R | 26.185 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 1.704 | |
| Asset To Liability | 2.42 | |
| Debt To Capital | 0.344 | |
| Debt To Assets | 0.307 | |
| Debt To Assets QoQ | 140.127 % | |
| Debt To Assets YoY | 91.303 % | |
| Debt To Assets IPRWA | high: 1.112 ADMA: 0.307 mean: 0.258 median: 0.168 low: 0.0 |
|
| Debt To Equity | 0.524 | |
| Debt To Equity QoQ | 212.906 % | |
| Debt To Equity YoY | 138.437 % | |
| Debt To Equity IPRWA | high: 1.864 ADMA: 0.524 mean: 0.307 median: 0.103 low: -1.094 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 7.511 | |
| Price To Book QoQ | -11.762 % | |
| Price To Book YoY | -40.951 % | |
| Price To Book IPRWA | high: 20.609 mean: 7.638 ADMA: 7.511 median: 5.613 low: -11.267 |
|
| Price To Earnings (P/E) | 74.242 | |
| Price To Earnings QoQ | -4.376 % | |
| Price To Earnings YoY | -58.989 % | |
| Price To Earnings IPRWA | ADMA: 74.242 high: 73.877 mean: -1.798 median: -14.354 low: -125.804 |
|
| PE/G Ratio | -3.267 | |
| Price To Sales (P/S) | 25.606 | |
| Price To Sales QoQ | -12.296 % | |
| Price To Sales YoY | -38.111 % | |
| Price To Sales IPRWA | high: 864.732 mean: 65.239 median: 29.192 ADMA: 25.606 low: 0.85 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 58.004 | |
| Forward PE/G | -2.552 | |
| Forward P/S | 75.66 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 0.356 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.178 | |
| Asset Turnover Ratio QoQ | -23.882 % | |
| Asset Turnover Ratio YoY | -22.713 % | |
| Asset Turnover Ratio IPRWA | high: 0.365 ADMA: 0.178 mean: 0.104 median: 0.094 low: 0.0 |
|
| Receivables Turnover | 0.778 | |
| Receivables Turnover Ratio QoQ | -17.222 % | |
| Receivables Turnover Ratio YoY | -49.367 % | |
| Receivables Turnover Ratio IPRWA | high: 4.628 mean: 1.264 median: 1.226 ADMA: 0.778 low: 0.013 |
|
| Inventory Turnover | 0.157 | |
| Inventory Turnover Ratio QoQ | -36.957 % | |
| Inventory Turnover Ratio YoY | -49.799 % | |
| Inventory Turnover Ratio IPRWA | high: 2.566 mean: 0.503 median: 0.358 ADMA: 0.157 low: 0.003 |
|
| Days Sales Outstanding (DSO) | 117.274 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 466.637 | |
| Cash Conversion Cycle Days QoQ | 24.528 % | |
| Cash Conversion Cycle Days YoY | 48.997 % | |
| Cash Conversion Cycle Days IPRWA | high: 930.567 ADMA: 466.637 mean: 230.275 median: 208.031 low: -1062.776 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 0.262 | |
| CapEx To Revenue | -0.023 | |
| CapEx To Depreciation | -1.455 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 583.9 M | |
| Net Invested Capital | $ 587.2 M | |
| Invested Capital | $ 587.2 M | |
| Net Tangible Assets | $ 386.2 M | |
| Net Working Capital | $ 437.6 M | |
| LIQUIDITY | ||
| Cash Ratio | 1.879 | |
| Current Ratio | 6.951 | |
| Current Ratio QoQ | 3.614 % | |
| Current Ratio YoY | 5.697 % | |
| Current Ratio IPRWA | high: 34.334 ADMA: 6.951 mean: 5.622 median: 3.485 low: 0.05 |
|
| Quick Ratio | 3.931 | |
| Quick Ratio QoQ | 5.116 % | |
| Quick Ratio YoY | 17.071 % | |
| Quick Ratio IPRWA | high: 13.886 ADMA: 3.931 mean: 2.815 median: 2.568 low: 0.164 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 3.347 | |
| Cost Of Debt | 1.172 % | |
| Interest Coverage Ratio | 28.203 | |
| Interest Coverage Ratio QoQ | -27.463 % | |
| Interest Coverage Ratio YoY | 57.238 % | |
| Interest Coverage Ratio IPRWA | high: 604.866 ADMA: 28.203 mean: 17.353 median: 4.172 low: -1643.72 |
|
| Operating Cash Flow Ratio | 0.709 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 39.005 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | — | |
| Dividend Payout Ratio | — | |
| Dividend Rate | — | |
| Dividend Yield | — | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 6.559 % | |
| Revenue Growth | -17.727 % | |
| Revenue Growth QoQ | -581.712 % | |
| Revenue Growth YoY | 658.537 % | |
| Revenue Growth IPRWA | high: 242.212 % median: -7.584 % mean: -10.858 % ADMA: -17.727 % low: -242.388 % |
|
| Earnings Growth | -22.727 % | |
| Earnings Growth QoQ | -148.7 % | |
| Earnings Growth YoY | 6.057 % | |
| Earnings Growth IPRWA | high: 200.0 % median: -5.263 % mean: -8.812 % ADMA: -22.727 % low: -247.826 % |
|
| MARGINS | ||
| Gross Margin | 70.528 % | |
| Gross Margin QoQ | 10.507 % | |
| Gross Margin YoY | 32.524 % | |
| Gross Margin IPRWA | high: 100.0 % median: 81.912 % mean: 78.254 % ADMA: 70.528 % low: -58.949 % |
|
| EBIT Margin | 51.73 % | |
| EBIT Margin QoQ | 13.87 % | |
| EBIT Margin YoY | 67.644 % | |
| EBIT Margin IPRWA | high: 2524.194 % ADMA: 51.73 % median: 23.412 % mean: -110.019 % low: -5917.523 % |
|
| Return On Sales (ROS) | 43.928 % | |
| Return On Sales QoQ | -2.581 % | |
| Return On Sales YoY | 42.36 % | |
| Return On Sales IPRWA | high: 100.302 % ADMA: 43.928 % median: 20.658 % mean: -109.737 % low: -5917.523 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 55.7 M | |
| Free Cash Flow Yield | 1.898 % | |
| Free Cash Flow Yield QoQ | 124.35 % | |
| Free Cash Flow Yield YoY | -469.261 % | |
| Free Cash Flow Yield IPRWA | high: 11.709 % ADMA: 1.898 % median: 0.11 % mean: -0.476 % low: -38.469 % |
|
| Free Cash Growth | 61.956 % | |
| Free Cash Growth QoQ | -101.879 % | |
| Free Cash Growth YoY | -140.923 % | |
| Free Cash Growth IPRWA | high: 253.163 % ADMA: 61.956 % median: 22.969 % mean: 11.103 % low: -249.577 % |
|
| Free Cash To Net Income | 1.228 | |
| Cash Flow Margin | 45.509 % | |
| Cash Flow To Earnings | 1.15 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | 7.031 % | |
| Return On Assets QoQ | -15.074 % | |
| Return On Assets YoY | 30.566 % | |
| Return On Assets IPRWA | high: 24.58 % ADMA: 7.031 % median: 1.213 % mean: -2.981 % low: -54.76 % |
|
| Return On Capital Employed (ROCE) | 10.011 % | |
| Return On Equity (ROE) | 0.116 | |
| Return On Equity QoQ | 12.257 % | |
| Return On Equity YoY | 61.18 % | |
| Return On Equity IPRWA | high: 0.784 ADMA: 0.116 median: 0.023 mean: 0.0 low: -1.109 |
|
| DuPont ROE | 10.449 % | |
| Return On Invested Capital (ROIC) | 8.003 % | |
| Return On Invested Capital QoQ | -13.237 % | |
| Return On Invested Capital YoY | 25.262 % | |
| Return On Invested Capital IPRWA | high: 41.877 % ADMA: 8.003 % median: 3.585 % mean: 1.553 % low: -51.333 % |
|