Recent News
On May 12, 2026 the company announced a regular cash dividend of $0.27 per share, with record date May 22, 2026 and payment on June 5, 2026; the dividend was reported as paid on June 5, 2026. The company also made its annual meeting playback accessible on April 16, 2026.
Technical Analysis
ADX at 41.89 signals a very strong directional environment without indicating direction; such strength supports the view that recent price moves carry conviction relevant to short-term valuation gaps.
DI+ stands at 33.32 with a peak-and-reversal pattern, which reads as a bearish shift in directional bias; DI- at 12.56 and decreasing provides a bullish offset, producing a net directional tension that favors mean reversion toward moving-average support unless DI+ resumes strength.
MACD sits at 0.55, above the signal line at 0.46, and the MACD trend is increasing; the MACD crossing above its signal line represents a bullish momentum confirmation that aligns with the introduction’s momentum tone.
MRO reads 28.49 with a peak-and-reversal pattern; because MRO is positive, price sits above target and shows an elevated probability of downward pressure, creating a counterweight to MACD’s bullish signal for near-term oscillation risk.
RSI at 59.71 and increasing indicates building buying momentum without reaching overbought levels; this supports the immediate-price extension while leaving room for further upside before classical overbought thresholds.
Price at $36.96 trades above the 20-day average ($35.92), the 50-day average ($34.85) and the 200-day average ($31.92), and sits slightly above the 1x upper Bollinger band ($36.75); the position above short- and long-term averages confirms upward bias, while proximity to the upper band suggests limited near-term upside without a consolidation or pullback to support near $35.24 (SuperTrend lower).
Fundamental Analysis
Reported EPS came in at $0.82 versus an estimate of $0.75, an EPS surprise of 9.33%, and forward EPS of $0.8581. Trailing PE stands at 38.96 with forward PE at 37.62; those multiples reflect slower earnings scale relative to current price but do not alone negate the valuation determination below.
Return on equity equals 2.45% and return on assets equals 0.239%; ROE rose 18.747% year-over-year while ROA rose 17.734% year-over-year, indicating improving profitability on equity and assets QoY despite low absolute returns.
Revenue growth shows a quarter-over-quarter gain of 152.98% and a year-over-year decline of -55.52%; earnings growth rose 123.97% QoQ but fell -54.18% YoY, highlighting substantial sequential recovery alongside weaker year-ago comparatives.
Book value rests at $36.30 per share while price-to-book equals 0.88, below the industry peer mean of 1.14883 and below the industry peer median of 1.32816, implying a valuation discount to peer averages on P/B terms. WMDST values the stock as under-valued.
Balance-sheet and cash metrics: total assets $27,568,785,000, total equity $2,681,283,000, and cash $669,799,000. Debt-to-equity equals 1.1616 and debt-to-assets equals 0.11297; dividend payout ratio stands at 36.33% with dividend coverage ratio 2.75, supporting the company’s ability to continue quarterly distributions while retaining earnings for capital.
Free cash flow equals $67,968,000 with a free-cash-flow yield of 2.88% and free-cash-growth QoQ at 268.432% but negative YoY growth of -34.732%, underlining strong sequential cash conversion but weaker year-over-year cash trends.
Valuation summary: P/E and P/S carry elevated multiples versus some peer measures, while price-to-book trades below peer mean and median; improving QoQ operating and cash metrics combine with weakened YoY comparatives to create a constructive but cautious fundamental backdrop.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2026-03-31 |
| REPORT DATE: | 2026-04-16 |
| NEXT REPORT DATE: | 2026-07-16 |
| CASH FLOW | Begin Period Cash Flow | $ 734.9 M |
| Operating Cash Flow | $ 79.4 M | |
| Capital Expenditures | $ -11.41 M | |
| Change In Working Capital | $ -2.15 M | |
| Dividends Paid | $ -23.81 M | |
| Cash Flow Delta | $ -65.12 M | |
| End Period Cash Flow | $ 669.8 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 197.7 M | |
| Forward Revenue | $ 47.8 M | |
| COSTS | ||
| Cost Of Revenue | — | |
| Depreciation | $ 8.6 M | |
| Depreciation and Amortization | $ 8.6 M | |
| Research and Development | — | |
| Total Operating Expenses | — | |
| PROFITABILITY | ||
| Gross Profit | — | |
| EBITDA | — | |
| EBIT | — | |
| Operating Income | — | |
| Interest Income | $ 324.7 M | |
| Interest Expense | $ 147.2 M | |
| Net Interest Income | $ 177.6 M | |
| Income Before Tax | $ 83.8 M | |
| Tax Provision | $ 18.3 M | |
| Tax Rate | 21.79 % | |
| Net Income | $ 65.5 M | |
| Net Income From Continuing Operations | $ 65.5 M | |
| EARNINGS | ||
| EPS Estimate | $ 0.75 | |
| EPS Actual | $ 0.82 | |
| EPS Difference | $ 0.07 | |
| EPS Surprise | 9.333 % | |
| Forward EPS | $ 0.86 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 27.6 B | |
| Intangible Assets | $ 445.5 M | |
| Net Tangible Assets | $ 2.5 B | |
| Total Current Assets | — | |
| Cash and Short-Term Investments | — | |
| Cash | $ 669.8 M | |
| Net Receivables | $ 98.9 M | |
| Inventory | — | |
| Long-Term Investments | — | |
| LIABILITIES | ||
| Accounts Payable | — | |
| Short-Term Debt | — | |
| Total Current Liabilities | — | |
| Net Debt | $ 2.4 B | |
| Total Debt | $ 3.1 B | |
| Total Liabilities | $ 24.6 B | |
| EQUITY | ||
| Total Equity | $ 2.7 B | |
| Retained Earnings | $ 2.2 B | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 36.30 | |
| Shares Outstanding | 73.856 M | |
| Revenue Per-Share | $ 2.68 | |
| VALUATION | Market Capitalization | $ 2.4 B |
| Enterprise Value | $ 5.5 B | |
| Enterprise Multiple | — | |
| Enterprise Multiple QoQ | — | |
| Enterprise Multiple YoY | — | |
| Enterprise Multiple IPRWA | — | |
| EV/R | 27.695 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 10.282 | |
| Asset To Liability | 1.121 | |
| Debt To Capital | 0.537 | |
| Debt To Assets | 0.113 | |
| Debt To Assets QoQ | 23.871 % | |
| Debt To Assets YoY | 10.94 % | |
| Debt To Assets IPRWA | high: 0.242 median: 0.159 mean: 0.15 WAFD: 0.113 low: -0.0 |
|
| Debt To Equity | 1.162 | |
| Debt To Equity QoQ | 27.409 % | |
| Debt To Equity YoY | 12.763 % | |
| Debt To Equity IPRWA | high: 3.268 median: 2.341 mean: 1.908 WAFD: 1.162 low: -0.315 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 0.88 | |
| Price To Book QoQ | -1.36 % | |
| Price To Book YoY | 2.674 % | |
| Price To Book IPRWA | high: 2.34 median: 1.328 mean: 1.149 WAFD: 0.88 low: 0.001 |
|
| Price To Earnings (P/E) | 38.964 | |
| Price To Earnings QoQ | -8.26 % | |
| Price To Earnings YoY | -12.677 % | |
| Price To Earnings IPRWA | high: 85.229 median: 53.875 mean: 52.924 WAFD: 38.964 low: 8.686 |
|
| PE/G Ratio | 4.175 | |
| Price To Sales (P/S) | 11.938 | |
| Price To Sales QoQ | -6.109 % | |
| Price To Sales YoY | -8.465 % | |
| Price To Sales IPRWA | high: 28.872 WAFD: 11.938 median: 8.597 mean: 8.445 low: 0.006 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 37.621 | |
| Forward PE/G | 4.031 | |
| Forward P/S | 49.388 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | — | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.007 | |
| Asset Turnover Ratio QoQ | 1.549 % | |
| Asset Turnover Ratio YoY | 11.094 % | |
| Asset Turnover Ratio IPRWA | high: 0.017 median: 0.011 mean: 0.01 WAFD: 0.007 low: 0.001 |
|
| Receivables Turnover | 2.012 | |
| Receivables Turnover Ratio QoQ | 3.066 % | |
| Receivables Turnover Ratio YoY | 14.778 % | |
| Receivables Turnover Ratio IPRWA | high: 4.927 WAFD: 2.012 median: 2.0 mean: 1.589 low: 0.184 |
|
| Inventory Turnover | — | |
| Inventory Turnover Ratio QoQ | — | |
| Inventory Turnover Ratio YoY | — | |
| Inventory Turnover Ratio IPRWA | — | |
| Days Sales Outstanding (DSO) | 45.358 | |
| 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 | -0.058 | |
| CapEx To Depreciation | -1.329 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 6.1 B | |
| Net Invested Capital | $ 5.8 B | |
| Invested Capital | $ 5.8 B | |
| Net Tangible Assets | $ 2.5 B | |
| 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 | 5.485 % | |
| Interest Coverage Ratio | — | |
| Interest Coverage Ratio QoQ | — | |
| Interest Coverage Ratio YoY | — | |
| Interest Coverage Ratio IPRWA | — | |
| Operating Cash Flow Ratio | — | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | — | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | 2.752 | |
| Dividend Payout Ratio | 0.363 | |
| Dividend Rate | $ 0.32 | |
| Dividend Yield | 0.01 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 1.037 % | |
| Revenue Growth | 2.082 % | |
| Revenue Growth QoQ | 152.977 % | |
| Revenue Growth YoY | -55.522 % | |
| Revenue Growth IPRWA | high: 29.228 % WAFD: 2.082 % mean: 1.703 % median: -1.365 % low: -18.912 % |
|
| Earnings Growth | 9.333 % | |
| Earnings Growth QoQ | 123.974 % | |
| Earnings Growth YoY | -54.183 % | |
| Earnings Growth IPRWA | high: 50.0 % WAFD: 9.333 % mean: 5.705 % median: 3.333 % low: -50.199 % |
|
| MARGINS | ||
| Gross Margin | — | |
| Gross Margin QoQ | — | |
| Gross Margin YoY | — | |
| Gross Margin IPRWA | — | |
| EBIT Margin | — | |
| EBIT Margin QoQ | — | |
| EBIT Margin YoY | — | |
| EBIT Margin IPRWA | — | |
| Return On Sales (ROS) | — | |
| Return On Sales QoQ | — | |
| Return On Sales YoY | — | |
| Return On Sales IPRWA | — | |
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 68.0 M | |
| Free Cash Flow Yield | 2.88 % | |
| Free Cash Flow Yield QoQ | 40.146 % | |
| Free Cash Flow Yield YoY | 1.301 % | |
| Free Cash Flow Yield IPRWA | high: 11.885 % WAFD: 2.88 % median: 1.458 % mean: -0.316 % low: -8.05 % |
|
| Free Cash Growth | 35.83 % | |
| Free Cash Growth QoQ | 268.432 % | |
| Free Cash Growth YoY | -34.732 % | |
| Free Cash Growth IPRWA | high: 406.72 % WAFD: 35.83 % median: -120.96 % mean: -150.194 % low: -445.587 % |
|
| Free Cash To Net Income | 1.037 | |
| Cash Flow Margin | 36.894 % | |
| Cash Flow To Earnings | 1.113 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | 0.239 % | |
| Return On Assets QoQ | 0.42 % | |
| Return On Assets YoY | 17.734 % | |
| Return On Assets IPRWA | high: 0.624 % median: 0.396 % mean: 0.356 % WAFD: 0.239 % low: -0.155 % |
|
| Return On Capital Employed (ROCE) | — | |
| Return On Equity (ROE) | 0.024 | |
| Return On Equity QoQ | 3.954 % | |
| Return On Equity YoY | 18.747 % | |
| Return On Equity IPRWA | high: 0.069 median: 0.049 mean: 0.046 WAFD: 0.024 low: -0.016 |
|
| DuPont ROE | 2.424 % | |
| Return On Invested Capital (ROIC) | — | |
| Return On Invested Capital QoQ | — | |
| Return On Invested Capital YoY | — | |
| Return On Invested Capital IPRWA | — | |

