$62.26

+0.16 (+0.26%)

Weekly Expected Move ±4.5%

$52 $54 $57 $60 $62

NYSE · Energy · Oil & Gas Equipment & Services · Alpha Radar Strong Buy · Power 71 · $4.3B mcap · 59M float · 1.71% daily turnover · Short 69% of daily vol

Edge Score

Quantitative competitive moat analysis scoring five pillars of durable advantage — cost leadership, brand intangibles, switching costs, network effects, and efficient scale — using industry percentile rankings on a 0–100 scale.

NARROW EDGE

55.5 / 100

NoneWeakNarrowWide

Primary source: Intangible Assets · ROIC: 23.6% · 5Y Avg: 578.9%

Cost Advantage

Intangibles

Switching Cost

Network Effect

Scale

The Edge Score quantifies a company's competitive moat using five pillars: Cost Advantage (20%, operating margin and SG&A efficiency vs industry peers), Intangible Assets (25%, gross margin premium, R&D intensity, brand pricing power), Switching Costs (25%, revenue stability, earnings consistency, customer retention proxied by operating leverage), Network Effects (15%, revenue growth with expanding margins, market share dominance), and Efficient Scale (15%, market concentration, ROIC sustainability). Each pillar is scored 0–100 using industry percentile rankings, then weighted into a composite. Wide ≥ 70, Narrow ≥ 55, Weak ≥ 40, None < 40. WHD has a Narrow competitive edge (55.5/100) — meaningful but not impregnable advantages over competitors. The primary source of advantage is Intangible Assets. ROIC of 23.6% confirms the company is generating returns well above its cost of capital — a hallmark of durable competitive advantages.

Analyst Insights

Wall Street analyst consensus based on price targets and buy/sell/hold recommendations from institutional research coverage over the trailing 12 months.

Analyst Price Targets

$66

Low

$69

Avg Target

$72

High

Based on 3 analysts since May 6, 2026 earnings

Analyst Recommendations

Strong Buy: 1Buy: 9Hold: 8Sell: 0Strong Sell: 0

Rating Summary

ConsensusBuy

Avg Target$70.25

Analysts4

Consensus Change History

Date	Field	From	To
2026-05-20	consensus	Hold	Buy

Price Target Change History

Date	Firm	Analyst	Old	New	Change	Upside @ Call	Stock@Call
2026-05-20	Stifel Nicolaus	Stephen Gengaro	Initiated	$66	—	+8.6%	$60.80
2026-05-18	Piper Sandler	—	$73	$72	-1	+26.4%	$56.96
2026-05-11	Barclays	—	$56	$70	+14	+29.3%	$54.14
2026-02-24	Piper Sandler	—	$54	$73	+19	+28.9%	$56.63
2025-12-17	Barclays	David Anderson	$51	$56	+5	+27.8%	$43.83
2025-10-31	Barclays	David Anderson	Initiated	$51	—	+18.2%	$43.16
2024-07-15	Piper Sandler	Luke Lemoine	Initiated	$54	—	-3.0%	$55.67

Financial Rating

Composite financial health rating (A+ to F) based on discounted cash flow valuation, return on equity, return on assets, debt-to-equity leverage, and relative P/E and P/B multiples.

May 22, 2026

DCF

ROE

ROA

D/E

P/E

P/B

The Financial Rating evaluates six fundamental factors — discounted cash flow (DCF) valuation, return on equity (ROE), return on assets (ROA), debt-to-equity leverage (D/E), and relative price-to-earnings (P/E) and price-to-book (P/B) multiples — each scored 1–5. WHD receives an overall rating of B. Strongest factors: DCF (4/5), D/E (4/5). Areas of concern: P/E (1/5), P/B (2/5).

Rating Change History

Date	From	To
2026-05-11	B+	B
2026-05-07	A	B+
2026-05-04	A-	A
2026-03-03	A	A-
2026-02-27	A-	A
2026-02-20	A	A-
2026-02-18	A-	A
2026-02-10	A	A-
2026-02-02	A-	A
2026-01-16	A	A-

InsiderStreet Scorecard

Proprietary multi-factor scorecard rating companies across seven fundamental dimensions — profitability, balance sheet strength, earnings quality, growth, value, momentum, and safety — each scored 0–100.

★ ★ ★ ★ ★ 59 Grade A

Profitability

Balance Sheet

Earnings Quality

Growth

Value

Momentum

Safety

100

Cash Flow

The InsiderStreet Scorecard rates companies across eight dimensions: Profitability (margins, ROA, ROE), Balance Sheet (leverage, liquidity, coverage), Earnings Quality (accruals, cash conversion), Growth (revenue and earnings trajectory), Value (P/E, P/B, earnings yield, Graham criteria), Momentum (revenue and earnings acceleration), Safety (Altman Z-Score risk adjustment), and Cash Flow (operating cash flow quality, FCF conversion, cash coverage). The overall score blends 35% quality, 35% value, and 30% momentum, with a penalty for distress-zone Altman scores. WHD scores highest in Safety (100/100) and lowest in Growth (24/100). An overall grade of A places WHD among the highest-quality companies in its peer group.

Risk & Quality Signals

Academic financial models used by institutional investors to assess bankruptcy risk, earnings manipulation, financial strength, and credit quality.

Altman Z-Score

6.55

Safe Zone

Piotroski F-Score

7/9

✓ ✓ ✗ ✓ ✓ ✓ ✗ ✓ ✓

Beneish M-Score

-3.13

Unlikely Manipulator

Ohlson O-Score

-10.48

Bankruptcy prob: 0.0%

Low Risk

Credit Rating

AA+

Score: 94.2/100

Trend: Stable

Earnings Quality

75/100

OCF/NI: 4.68x

Accruals: -14.9%

The Altman Z-Score (1968) combines five ratios — working capital, retained earnings, EBIT, market value of equity, and sales, all relative to total assets or liabilities — into a single bankruptcy predictor. WHD scores 6.55, placing it in the Safe Zone (safe > 2.99, distress < 1.81). Bankruptcy is statistically unlikely within the next two years. The Piotroski F-Score (2000) is a 9-point binary checklist — four profitability tests (positive ROA, positive cash flow, improving ROA, cash flow exceeding net income), three leverage tests (declining debt ratio, improving current ratio, no share dilution), and two efficiency tests (improving gross margin, improving asset turnover). Each pass scores 1 point. WHD scores 7/9, signaling strong financial health across all three dimensions. The Beneish M-Score (1999) is an 8-variable model that detects earnings manipulation by comparing year-over-year changes in receivables, gross margins, asset quality, sales growth, depreciation, SG&A, leverage, and accruals. Scores above −1.78 statistically resemble past manipulators. WHD's score of -3.13 falls below this threshold, suggesting earnings are unlikely to be manipulated. The Ohlson O-Score (1980) is a 9-variable logistic regression that estimates bankruptcy probability using firm size, leverage, working capital, current ratio, profitability (ROA), cash flow coverage, negative equity flag, consecutive losses flag, and earnings trajectory. The raw score is converted to a probability via logistic transformation. WHD's implied 0.0% bankruptcy probability is well within safe territory. Our Credit Rating model scores companies on five weighted components — solvency (30%), earning power (25%), leverage (20%), liquidity (15%), and cash flow quality (10%) — then blends the absolute score with sector and industry peer rankings. For companies with large buyback programs, equity is adjusted by adding back cumulative 5-year repurchases (capped at 80% of FCF generated) to avoid penalizing shareholder-friendly capital allocation. WHD receives an estimated rating of AA+ (score: 94.2/100), with a stable trend. The Earnings Quality score measures how well reported earnings are backed by real cash. It evaluates the operating cash flow to net income ratio (OCF/NI ≥ 1.0 means every dollar of earnings is cash-backed) and the accruals ratio (the gap between earnings and cash flow relative to assets — lower is better). WHD's score of 75/100 is high — cash flows strongly support reported earnings.

Valuation

Key valuation multiples comparing the stock's market price to its earnings, revenue, book value, and cash flows. Lower multiples may indicate relative undervaluation versus peers.

P/E

58.72x

PEG

-0.92x

P/S

3.64x

P/B

3.61x

P/FCF

10.74x

P/OCF

9.54x

EV/EBITDA

8.68x

EV/Revenue

2.37x

EV/EBIT

11.76x

EV/FCF

9.24x

Earnings Yield

2.24%

FCF Yield

9.31%

Shareholder Yield

1.64%

Graham Number

$20.59

Equity-based multiples (P/E, P/B, P/FCF) compare the stock price to per-share fundamentals and are affected by capital structure. Enterprise value multiples (EV/EBITDA, EV/Revenue, EV/FCF) strip out debt and cash, making them more useful for cross-company comparisons regardless of how companies are financed. The Graham Number — √(22.5 × EPS × Book Value) — is Benjamin Graham's formula for the maximum price a defensive investor should pay. At 58.7x earnings, WHD is priced for high growth expectations. Graham's intrinsic value formula yields $20.59 per share, 202% below the current price.

DuPont Decomposition (5-Factor)

The 5-factor DuPont framework breaks Return on Equity into its component drivers — tax efficiency, interest burden, operating profitability, asset utilization, and financial leverage — to reveal what truly drives shareholder returns.

Tax Burden

0.306

NI / EBT

Interest Burden

1.001

EBT / EBIT

EBIT Margin

0.202

EBIT / Rev

Asset Turnover

0.657

Rev / Assets

Equity Multiplier

1.572

Assets / Equity

ROE

6.4%

The 5-factor DuPont identity decomposes ROE as: Tax Burden × Interest Burden × EBIT Margin × Asset Turnover × Equity Multiplier = ROE. This reveals whether returns are driven by operating performance, financial leverage, or tax efficiency — three very different sources of profitability. WHD's ROE of 6.4% is driven by Asset Turnover (0.657), indicating efficient use of assets to generate revenue. A tax burden ratio of 0.31 suggests the company retains less than 60% of pre-tax earnings after taxes.

Graham-Dodd Adjusted Valuation

Our adaptation of Graham's growth formula (Fair P/E = 8.5 + 2g) from The Intelligent Investor. The classic version relies on analyst growth projections, which can be unreliable. This adjusted model substitutes the company's realized 3-year EPS CAGR — a backward-looking, verifiable measure of actual earnings power — grounding the valuation in demonstrated performance rather than forecasts.

Adj. Growth Rate

0.00%

Fair P/E

8.50x

Intrinsic Value

$9.01

Price/Value

5.26x

Margin of Safety

-425.59%

Premium

425.59%

Assessment

Overvalued

Graham's classic formula uses analyst-projected growth to estimate a fair P/E (8.5 + 2g). Our adjusted version replaces that projection with WHD's realized 0.0% 3-year EPS CAGR — what the company actually delivered, not what analysts hope for. WHD trades at a 426% premium to its adjusted intrinsic value of $9.01, suggesting the market is pricing in future growth beyond what historical earnings support. The adjusted fair P/E of 8.5x compares to the current market P/E of 58.7x.

Profitability Trends

Historical profitability ratios tracking how efficiently the company converts revenue into returns for shareholders over time.

Leverage & Solvency Trends

Debt and liquidity metrics showing the company's financial leverage and ability to meet short-term and long-term obligations.

Efficiency & Working Capital Trends

Operating efficiency metrics measuring how quickly the company converts inventory to sales, collects receivables, and manages its cash conversion cycle.

Growth Trends (YoY %)

Year-over-year growth rates for key financial metrics, showing the trajectory of revenue, earnings, and cash flow generation.

Earnings Stability

R-squared of linear regression measuring how predictably revenue, earnings, and margins follow a trend over the trailing 5 years. 1.0 = perfectly predictable; lower values indicate erratic or cyclical behavior.

Monte Carlo Price Simulation

Geometric Brownian Motion with 1,000 antithetic paths over 1 year, seeded from 1800 days of historical volatility. Percentile bands show the range of statistically plausible outcomes — this is a statistical model, not a forecast.

Current Price

$62.21

Median 1Y

$58.51

5th Pctile

$23.47

95th Pctile

$146.15

Ann. Volatility

54.8%

Analyst Target

$70.25

25th–75th percentile 5th–95th percentile Median path Historical Analyst target

Executive Compensation

C-suite compensation breakdown including salary, stock awards, options, and incentive pay. The CEO-to-employee pay ratio and Gini coefficient measure pay distribution fairness.

C-Suite Compensation

Executive	Salary	Stock	Total
Joel Bender, President and Director	$450,000	$1,821,634	$2,531,090
Stephen Tadlock, President, Vice President, Chief Executive Officer of the Spoolable Technologies Segment and Chief Executive Officer of Cactus International	$458,654	$1,092,998	$1,761,181
Steven Bender, Operating rating Officer	$450,000	$1,092,998	$1,747,638
Jay A. Nutt, Executive Vice President and Chief Financial Officer	$463,918	$728,636	$1,395,643

CEO Pay Ratio

Insufficient data for pay ratio.

C-Suite Pay Equality (Gini)

CEO Compensation Mix

Workforce & Productivity

Workforce efficiency metrics measuring revenue, profit, and R&D spend per employee — key indicators of operational leverage and human capital productivity.

Employees

1,500

-6.2% YoY

Revenue / Employee

$719,367

Rev: $1,079,051,000

Profit / Employee

$110,676

NI: $166,014,000

SGA / Employee

—

Avg labor cost proxy

Scaling Efficiency

All Ratios & Metrics

Complete fundamental data with up to 20 periods of history, sparkline trends, and current values across 13 categories and 130+ financial metrics.

Profitability

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
ROE	9.2%	11.1%	12.1%	14.3%	18.4%	22.9%	21.2%	25.5%	25.0%	29.1%	23.5%	23.0%	26.5%	26.1%	19.1%	19.7%	18.7%	17.9%	14.5%	6.4%	6.37%
ROA	3.8%	4.6%	5.5%	6.5%	8.4%	10.5%	10.5%	12.6%	12.4%	14.4%	12.8%	12.5%	14.4%	14.2%	11.4%	11.7%	11.1%	10.6%	9.2%	4.1%	4.05%
ROIC	54.6%	59.8%	33.8%	40.1%	49.9%	61.1%	54.6%	62.3%	63.1%	74.2%	28.2%	28.3%	31.8%	30.8%	29.5%	29.9%	27.7%	26.0%	25.2%	23.6%	23.58%
ROCE	6.1%	7.4%	8.4%	10.6%	13.8%	17.2%	17.7%	20.1%	22.3%	25.4%	21.0%	22.6%	23.7%	23.3%	19.9%	19.5%	18.4%	17.6%	15.3%	14.0%	14.01%
Gross Margin	26.4%	28.5%	29.7%	30.9%	34.7%	36.5%	37.9%	34.8%	34.2%	38.9%	38.2%	38.4%	37.9%	39.0%	36.0%	37.0%	54.9%	35.3%	92.8%	46.6%	46.57%
Operating Margin	15.9%	18.0%	19.8%	21.2%	26.0%	27.8%	25.7%	21.8%	15.9%	30.4%	29.2%	22.8%	28.5%	26.2%	25.9%	24.5%	22.2%	23.2%	22.9%	12.7%	12.75%
Net Margin	9.5%	10.9%	11.6%	14.1%	15.9%	17.0%	16.5%	18.8%	8.1%	18.3%	17.8%	14.2%	17.2%	17.0%	17.2%	15.8%	14.7%	15.8%	15.3%	-12.5%	-12.51%
EBITDA Margin	23.4%	25.9%	27.0%	27.2%	31.4%	32.4%	31.4%	29.5%	29.0%	33.9%	34.2%	33.2%	33.1%	31.4%	33.5%	30.9%	29.0%	30.5%	29.9%	22.2%	22.21%
FCF Margin	22.7%	16.2%	11.4%	9.2%	8.3%	10.4%	13.0%	16.2%	22.1%	24.5%	27.0%	28.9%	26.5%	26.8%	24.5%	20.2%	20.8%	19.1%	20.1%	25.6%	25.65%
OCF Margin	26.2%	19.6%	14.5%	13.0%	12.2%	14.3%	17.1%	20.9%	26.3%	28.5%	31.0%	32.0%	29.8%	30.1%	28.0%	23.9%	24.7%	23.2%	23.7%	28.9%	28.87%
ROE 3Y Avg	snapshot only																				14.29%
ROE 5Y Avg	snapshot only																				15.71%
ROA 3Y Avg	snapshot only																				8.58%
ROIC 3Y Avg	snapshot only																				26.74%
ROIC Economic	snapshot only																				14.63%
Cash ROA	snapshot only																				18.31%
Cash ROIC	snapshot only																				44.54%
CROIC	snapshot only																				39.56%
NOPAT Margin	snapshot only																				15.28%
Pretax Margin	snapshot only																				20.17%
R&D / Revenue	snapshot only																				0.00%
SGA / Revenue	snapshot only																				5.98%
SBC / Revenue	snapshot only																				0.08%

Valuation

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
P/E Ratio	84.87	72.72	56.18	70.88	39.29	24.08	33.75	23.92	20.59	21.22	20.98	23.67	18.15	25.14	24.85	16.34	16.48	15.75	19.13	44.67	58.718
P/S Ratio	8.29	7.29	6.35	8.31	5.28	3.60	5.40	4.11	2.95	3.18	3.24	3.42	3.06	4.17	4.08	2.74	2.67	2.50	2.94	2.75	3.641
P/B Ratio	7.55	7.78	5.95	8.87	6.32	4.84	6.50	5.54	4.68	5.61	4.10	4.52	3.99	5.45	4.30	2.91	2.79	2.54	2.59	2.67	3.610
P/FCF	36.48	45.02	55.93	90.25	63.69	34.63	41.51	25.43	13.39	12.97	11.98	11.85	11.58	15.54	16.64	13.55	12.86	13.07	14.62	10.74	10.740
P/OCF	31.69	37.13	43.70	63.74	43.09	25.13	31.55	19.66	11.24	11.15	10.43	10.68	10.28	13.83	14.57	11.48	10.81	10.77	12.40	9.54	9.540
EV/EBITDA	28.59	26.65	22.63	29.88	17.04	10.65	16.09	11.93	8.63	9.28	9.94	10.28	8.87	12.39	11.63	7.69	7.69	7.17	8.38	8.68	8.676
EV/Revenue	7.48	6.60	5.74	7.78	4.80	3.17	4.95	3.71	2.61	2.87	3.15	3.34	2.98	4.08	3.81	2.48	2.40	2.22	2.52	2.37	2.370
EV/EBIT	51.48	43.97	33.58	41.22	21.98	13.07	19.18	14.22	10.62	11.40	12.22	12.55	10.54	14.76	13.89	9.23	9.35	8.81	10.43	11.76	11.758
EV/FCF	32.92	40.75	50.54	84.43	57.91	30.53	38.06	22.95	11.85	11.72	11.66	11.56	11.27	15.23	15.55	12.24	11.56	11.63	12.52	9.24	9.240
Earnings Yield	1.2%	1.4%	1.8%	1.4%	2.5%	4.2%	3.0%	4.2%	4.9%	4.7%	4.8%	4.2%	5.5%	4.0%	4.0%	6.1%	6.1%	6.4%	5.2%	2.2%	2.24%
FCF Yield	2.7%	2.2%	1.8%	1.1%	1.6%	2.9%	2.4%	3.9%	7.5%	7.7%	8.3%	8.4%	8.6%	6.4%	6.0%	7.4%	7.8%	7.7%	6.8%	9.3%	9.31%
Price/Tangible Book	snapshot only																				3.735
EV/OCF	snapshot only																				8.207
EV/Gross Profit	snapshot only																				4.221
Acquirers Multiple	snapshot only																				12.156
Shareholder Yield	snapshot only																				1.64%
Graham Number	snapshot only																				$20.59

Leverage & Solvency

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
Current Ratio	8.69	8.69	5.60	5.60	5.60	5.60	5.61	5.61	5.61	5.61	3.17	3.17	3.17	3.17	4.33	4.33	4.33	4.33	5.81	5.81	5.814
Quick Ratio	6.90	6.90	4.31	4.31	4.31	4.31	4.23	4.23	4.23	4.23	2.00	2.00	2.00	2.00	3.06	3.06	3.06	3.06	4.13	4.13	4.130
Debt/Equity	0.08	0.08	0.07	0.07	0.07	0.07	0.06	0.06	0.06	0.06	0.05	0.05	0.05	0.05	0.04	0.04	0.04	0.04	0.03	0.03	0.031
Net Debt/Equity	-0.74	-0.74	-0.57	-0.57	-0.57	-0.57	-0.54	-0.54	-0.54	-0.54	-0.11	-0.11	-0.11	-0.11	-0.28	-0.28	-0.28	-0.28	-0.37	-0.37	-0.373
Debt/Assets	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.02	0.02	0.02	0.02	0.02	0.02	0.020
Debt/EBITDA	0.33	0.30	0.30	0.26	0.21	0.18	0.17	0.15	0.13	0.11	0.11	0.11	0.11	0.11	0.11	0.11	0.12	0.12	0.12	0.12	0.116
Net Debt/EBITDA	-3.10	-2.79	-2.41	-2.06	-1.70	-1.43	-1.46	-1.29	-1.13	-0.99	-0.27	-0.25	-0.25	-0.25	-0.81	-0.82	-0.86	-0.89	-1.41	-1.41	-1.409
Interest Coverage	96.65	72.30	96.87	130.65	145.05	280.39	439.98	661.15	37.64	34.84	37.78	40.67	205.17	1721.14	—	—	—	—	—	—	—
Equity Multiplier	2.31	2.31	2.10	2.10	2.10	2.10	1.96	1.96	1.96	1.96	1.76	1.76	1.76	1.76	1.62	1.62	1.62	1.62	1.53	1.53	1.526
Cash Ratio	snapshot only																				3.011
Cash to Debt	snapshot only																				13.102
FCF to Debt	snapshot only																				8.065
Defensive Interval	snapshot only																				553.0 days

Efficiency & Turnover

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
Asset Turnover	0.39	0.46	0.49	0.56	0.62	0.70	0.66	0.73	0.86	0.96	0.83	0.87	0.85	0.86	0.69	0.70	0.69	0.67	0.60	0.66	0.657
Inventory Turnover	2.32	2.75	3.06	3.42	3.72	4.06	3.17	3.51	4.15	4.57	3.79	3.90	3.79	3.81	3.25	3.28	3.02	2.98	1.95	2.07	2.069
Receivables Turnover	4.87	5.71	6.58	7.50	8.42	9.46	6.05	6.78	7.97	8.88	6.38	6.65	6.56	6.59	5.69	5.72	5.64	5.49	6.06	6.67	6.667
Payables Turnover	7.62	9.05	10.07	11.27	12.25	13.36	9.84	10.90	12.89	14.18	11.63	11.97	11.62	11.67	9.77	9.87	9.08	8.97	6.82	7.25	7.254
DSO	75	64	55	49	43	39	60	54	46	41	57	55	56	55	64	64	65	66	60	55	54.7 days
DIO	157	133	119	107	98	90	115	104	88	80	96	94	96	96	112	111	121	122	188	176	176.5 days
DPO	48	40	36	32	30	27	37	33	28	26	31	31	31	31	37	37	40	41	53	50	50.3 days
Cash Conversion Cycle	184	156	139	123	112	101	138	124	105	95	122	118	121	120	139	138	145	148	194	181	180.9 days
Fixed Asset Turnover	snapshot only																				3.278
Operating Cycle	snapshot only																				231.2 days
Cash Velocity	snapshot only																				2.400
Capital Intensity	snapshot only																				1.577

Growth (YoY)

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
Revenue	-38.4%	-10.4%	25.8%	79.3%	74.8%	67.3%	57.0%	54.2%	61.5%	60.2%	59.4%	48.2%	24.4%	12.1%	3.0%	-0.6%	-0.7%	-3.8%	-4.5%	4.5%	4.50%
Net Income	-49.7%	-23.4%	44.0%	1.2%	1.4%	1.5%	1.2%	1.3%	72.5%	60.5%	53.5%	24.8%	46.3%	24.1%	9.6%	15.4%	-4.8%	-7.9%	-10.5%	-61.6%	-61.61%
EPS	-50.1%	-23.9%	42.9%	1.2%	1.4%	2.1%	1.2%	1.2%	1.0%	49.8%	46.9%	24.1%	42.9%	1.4%	9.5%	33.7%	-7.8%	6.7%	2.9%	-61.8%	-61.81%
FCF	-55.8%	-57.0%	-58.1%	-52.3%	-36.3%	7.4%	79.8%	1.7%	3.3%	2.8%	2.3%	1.7%	49.2%	22.7%	-6.5%	-30.4%	-22.1%	-31.4%	-21.6%	32.4%	32.43%
EBITDA	-54.1%	-36.5%	1.0%	65.0%	88.1%	1.0%	90.4%	84.1%	73.7%	66.4%	64.1%	55.0%	37.9%	19.4%	6.5%	-1.4%	-7.9%	-9.5%	-12.4%	-11.4%	-11.44%
Op. Income	-62.3%	-40.5%	7.7%	1.3%	1.4%	1.6%	1.3%	1.0%	62.5%	53.7%	52.3%	44.2%	58.4%	29.2%	9.9%	7.0%	-11.7%	-13.7%	-14.4%	-22.5%	-22.49%
OCF Growth	snapshot only																				26.29%
Asset Growth	snapshot only																				7.61%
Equity Growth	snapshot only																				14.50%
Debt Growth	snapshot only																				-9.51%
Shares Change	snapshot only																				0.53%
Dividend Growth	snapshot only																				30.18%

Growth (CAGR)

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
Revenue 3Y	8.2%	-2.3%	-6.9%	-5.3%	-3.1%	0.1%	3.1%	7.3%	20.2%	33.9%	46.5%	60.0%	52.0%	44.3%	37.1%	31.5%	25.9%	20.0%	16.2%	15.5%	15.48%
Revenue 5Y	—	—	—	—	—	—	—	46.3%	29.0%	20.1%	15.1%	14.2%	12.8%	12.5%	12.4%	12.7%	16.5%	21.0%	25.4%	33.6%	33.61%
EPS 3Y	-28.1%	-28.1%	-27.6%	-8.1%	-17.8%	-4.8%	8.3%	17.5%	34.2%	52.4%	66.9%	79.9%	90.6%	67.7%	52.7%	53.3%	38.7%	17.5%	18.3%	-14.1%	-14.11%
EPS 5Y	—	—	—	—	—	—	—	20.7%	12.5%	11.6%	4.3%	15.9%	10.0%	5.6%	15.4%	21.9%	26.0%	30.8%	39.3%	24.4%	24.35%
Net Income 3Y	1.8%	-7.9%	-8.8%	-7.8%	-3.5%	3.7%	8.8%	19.4%	27.7%	45.3%	70.0%	82.9%	82.4%	70.6%	55.2%	48.1%	33.9%	22.4%	14.6%	-17.9%	-17.94%
Net Income 5Y	—	—	—	—	—	—	—	50.1%	34.3%	25.6%	21.0%	17.2%	17.8%	17.3%	16.7%	19.6%	23.8%	28.5%	37.0%	22.1%	22.05%
EBITDA 3Y	-2.7%	-14.9%	-18.2%	-16.4%	-11.7%	-6.0%	-2.4%	2.3%	14.4%	28.7%	46.7%	67.6%	65.2%	58.8%	49.3%	41.2%	30.2%	21.6%	15.3%	10.6%	10.62%
EBITDA 5Y	—	—	—	—	—	—	—	44.9%	24.6%	15.6%	11.3%	10.8%	10.6%	10.5%	10.2%	10.3%	13.8%	18.1%	24.1%	32.7%	32.69%
Gross Profit 3Y	-4.3%	-15.1%	-17.7%	-14.8%	-10.3%	-4.5%	1.1%	6.6%	21.0%	37.1%	53.2%	76.2%	69.8%	63.0%	52.1%	43.1%	38.5%	28.5%	34.5%	34.0%	34.00%
Gross Profit 5Y	—	—	—	—	—	—	—	44.3%	26.2%	17.5%	13.0%	12.7%	12.2%	12.5%	12.7%	13.3%	20.7%	25.5%	39.5%	53.6%	53.57%
Op. Income 3Y	-15.1%	-24.3%	-24.8%	-20.8%	-14.7%	-7.3%	-1.6%	3.4%	14.3%	33.8%	56.1%	88.8%	84.4%	73.3%	57.1%	46.6%	31.5%	19.7%	12.8%	6.2%	6.15%
Op. Income 5Y	—	—	—	—	—	—	—	40.6%	19.3%	11.8%	8.4%	7.9%	9.8%	9.6%	9.8%	11.3%	15.9%	21.7%	29.0%	41.0%	41.02%
FCF 3Y	14.5%	-2.9%	-20.0%	-21.2%	-26.5%	-22.0%	-15.8%	-9.1%	6.6%	20.4%	35.6%	50.7%	59.9%	70.7%	77.1%	70.9%	70.9%	47.0%	34.3%	34.7%	34.70%
FCF 5Y	—	—	—	—	—	—	—	40.9%	32.7%	30.0%	25.0%	28.5%	20.6%	17.1%	13.1%	6.7%	7.1%	8.0%	12.8%	25.8%	25.84%
OCF 3Y	1.4%	-15.4%	-27.5%	-26.3%	-28.1%	-22.4%	-17.5%	-9.9%	3.7%	16.3%	33.4%	47.5%	58.7%	66.5%	70.5%	60.8%	59.0%	40.9%	29.5%	28.6%	28.60%
OCF 5Y	—	—	—	—	—	—	—	33.1%	24.2%	18.7%	15.3%	17.6%	12.7%	12.1%	8.6%	4.2%	5.3%	6.7%	12.3%	24.6%	24.63%
Assets 3Y	45.2%	45.2%	18.9%	18.9%	18.9%	18.9%	10.2%	10.2%	10.2%	10.2%	23.1%	23.1%	23.1%	23.1%	21.0%	21.0%	21.0%	21.0%	18.7%	18.7%	18.71%
Assets 5Y	—	—	—	—	—	—	—	33.2%	33.2%	33.2%	21.1%	21.1%	21.1%	21.1%	15.8%	15.8%	15.8%	15.8%	18.1%	18.1%	18.07%
Equity 3Y	—	—	9.0%	9.0%	9.0%	9.0%	20.4%	20.4%	20.4%	20.4%	34.8%	34.8%	34.8%	34.8%	31.7%	31.7%	31.7%	31.7%	29.0%	29.0%	28.95%
Book Value 3Y	—	—	-13.5%	8.5%	-7.2%	0.1%	19.9%	18.5%	26.5%	26.3%	32.4%	32.7%	40.9%	32.5%	29.6%	36.4%	36.4%	26.4%	33.1%	35.0%	34.98%
Dividend 3Y	-27.5%	-21.1%	-16.1%	8.4%	-6.2%	-0.3%	7.6%	3.8%	8.8%	19.4%	14.2%	14.2%	21.5%	-4.2%	-8.6%	-3.5%	-3.2%	-2.9%	11.7%	14.3%	14.29%

Growth Quality

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
Revenue Stability	0.01	0.11	0.40	0.26	0.14	0.00	0.05	0.57	0.67	0.60	0.46	0.45	0.49	0.55	0.61	0.69	0.86	0.89	0.85	0.89	0.887
Earnings Stability	0.01	0.18	0.34	0.04	0.06	0.08	0.08	0.38	0.41	0.45	0.44	0.47	0.54	0.65	0.70	0.77	0.84	0.87	0.85	0.30	0.297
Margin Stability	0.84	0.82	0.84	0.83	0.85	0.85	0.87	0.86	0.86	0.85	0.86	0.84	0.86	0.86	0.88	0.90	0.89	0.91	0.77	0.73	0.734
Rev. Growth Consistency	0.00	0.00	0.50	0.50	0.50	0.50	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	0.00	0.00	0.00	0.00	0.50	0.500
Earn. Growth Consistency	0.00	0.00	0.50	0.50	0.50	0.50	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	0.00	0.00	0.00	0.00	0.000
FCF Positive Streak	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Earnings Persistence	0.80	0.91	0.82	0.50	0.50	0.50	0.50	0.50	0.50	0.50	0.50	0.90	0.81	0.90	0.96	0.94	0.98	0.97	0.96	0.50	0.500
Earnings Smoothness	0.34	0.74	0.64	0.26	0.18	0.14	0.24	0.23	0.47	0.54	0.58	0.78	0.62	0.78	0.91	0.86	0.95	0.92	0.89	0.11	0.110
ROE Trend	-0.12	-0.08	-0.07	-0.03	0.02	0.07	0.09	0.13	0.10	0.11	0.05	0.01	0.03	-0.02	-0.02	-0.03	-0.05	-0.08	-0.05	-0.12	-0.125
Gross Margin Trend	-0.10	-0.10	-0.07	-0.03	0.00	0.03	0.05	0.07	0.06	0.06	0.05	0.05	0.05	0.04	0.02	0.01	0.05	0.03	0.17	0.19	0.187
FCF Margin Trend	-0.03	-0.12	-0.18	-0.21	-0.19	-0.15	-0.10	-0.06	0.07	0.11	0.15	0.16	0.11	0.09	0.04	-0.02	-0.04	-0.07	-0.06	0.01	0.011
Sustainable Growth Rate	3.7%	5.1%	6.9%	8.6%	12.3%	16.6%	16.0%	20.2%	19.6%	21.7%	17.7%	17.0%	20.4%	21.2%	15.7%	16.1%	15.0%	14.1%	10.7%	2.4%	2.43%
Internal Growth Rate	1.6%	2.2%	3.3%	4.1%	5.9%	8.2%	8.6%	11.1%	10.8%	12.1%	10.6%	10.2%	12.5%	13.0%	10.3%	10.6%	9.8%	9.1%	7.3%	1.6%	1.57%

Cash Flow Quality

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
OCF/Net Income	2.68	1.96	1.29	1.11	0.91	0.96	1.07	1.22	1.83	1.90	2.01	2.22	1.77	1.82	1.70	1.42	1.52	1.46	1.54	4.68	4.683
FCF/OCF	0.87	0.82	0.78	0.71	0.68	0.73	0.76	0.77	0.84	0.86	0.87	0.90	0.89	0.89	0.88	0.85	0.84	0.82	0.85	0.89	0.888
FCF/Net Income	snapshot only																				4.160
OCF/EBITDA	snapshot only																				1.057
CapEx/Revenue	3.4%	3.4%	3.2%	3.8%	4.0%	3.9%	4.1%	4.7%	4.2%	4.0%	4.0%	3.1%	3.3%	3.3%	3.5%	3.7%	3.9%	4.1%	3.6%	3.2%	3.23%
CapEx/Depreciation	snapshot only																				0.451
Accruals Ratio	-0.06	-0.04	-0.02	-0.01	0.01	0.00	-0.01	-0.03	-0.10	-0.13	-0.13	-0.15	-0.11	-0.12	-0.08	-0.05	-0.06	-0.05	-0.05	-0.15	-0.149
Sloan Accruals	snapshot only																				0.061
Cash Flow Adequacy	snapshot only																				4.103
Earnings Quality Score	snapshot only																				0.750

Dividends & Buybacks

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
Dividend Yield	0.7%	0.7%	0.8%	0.6%	0.8%	1.1%	0.7%	0.9%	1.0%	1.2%	1.2%	1.1%	1.3%	0.8%	0.7%	1.1%	1.2%	1.3%	1.3%	1.4%	0.88%
Dividend/Share	$0.25	$0.27	$0.28	$0.31	$0.33	$0.42	$0.35	$0.35	$0.43	$0.58	$0.53	$0.54	$0.66	$0.44	$0.42	$0.51	$0.52	$0.53	$0.61	$0.66	$0.55
Payout Ratio	59.7%	53.7%	42.7%	39.8%	33.2%	27.5%	24.3%	20.7%	21.4%	25.3%	24.9%	25.9%	23.0%	18.9%	18.2%	18.2%	19.7%	21.2%	25.7%	61.8%	61.81%
FCF Payout Ratio	25.7%	33.2%	42.5%	50.6%	53.9%	39.6%	29.8%	22.0%	13.9%	15.4%	14.2%	13.0%	14.7%	11.7%	12.2%	15.1%	15.4%	17.6%	19.7%	14.9%	14.86%
Total Payout Ratio	70.0%	62.3%	49.3%	47.6%	39.4%	32.4%	28.4%	24.1%	25.0%	28.3%	28.0%	31.5%	27.8%	24.2%	23.2%	21.7%	23.3%	24.6%	29.3%	73.2%	73.19%
Div. Increase Streak	0	0	1	1	1	1	1	1	1	1	1	1	1	0	0	0	0	0	0	0	0
Chowder Number	0.09	0.04	0.19	0.29	0.35	0.29	0.27	0.18	0.12	0.48	0.59	0.57	0.58	-0.07	-0.19	-0.18	-0.17	0.05	0.28	0.32	0.316
Buyback Yield	0.1%	0.1%	0.1%	0.1%	0.2%	0.2%	0.1%	0.1%	0.2%	0.1%	0.1%	0.2%	0.3%	0.2%	0.2%	0.2%	0.2%	0.2%	0.2%	0.3%	0.25%
Net Buyback Yield	0.1%	0.1%	0.1%	0.1%	0.2%	0.2%	0.1%	-5.2%	-6.2%	-5.1%	-4.6%	0.2%	0.3%	0.2%	0.2%	0.2%	0.2%	0.2%	0.2%	0.3%	0.25%
Total Shareholder Return	0.8%	0.9%	0.9%	0.7%	1.0%	1.3%	0.8%	-4.4%	-5.1%	-4.0%	-3.5%	1.3%	1.5%	1.0%	0.9%	1.3%	1.4%	1.6%	1.5%	1.6%	1.64%

DuPont Factors

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
Tax Burden (NI/EBT)	0.68	0.68	0.66	0.62	0.62	0.61	0.62	0.66	0.65	0.65	0.64	0.61	0.61	0.62	0.62	0.62	0.63	0.63	0.64	0.31	0.306
Interest Burden (EBT/EBIT)	0.99	0.99	1.00	0.99	1.00	1.01	0.99	1.00	0.89	0.91	0.93	0.89	0.97	0.97	0.97	1.01	1.01	1.00	1.00	1.00	1.001
EBIT Margin	0.15	0.15	0.17	0.19	0.22	0.24	0.26	0.26	0.25	0.25	0.26	0.27	0.28	0.28	0.27	0.27	0.26	0.25	0.24	0.20	0.202
Asset Turnover	0.39	0.46	0.49	0.56	0.62	0.70	0.66	0.73	0.86	0.96	0.83	0.87	0.85	0.86	0.69	0.70	0.69	0.67	0.60	0.66	0.657
Equity Multiplier	2.43	2.43	2.19	2.19	2.19	2.19	2.02	2.02	2.02	2.02	1.84	1.84	1.84	1.84	1.68	1.68	1.68	1.68	1.57	1.57	1.572

Per Share

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
EPS (Diluted TTM)	$0.41	$0.50	$0.65	$0.77	$0.99	$1.54	$1.44	$1.67	$2.00	$2.31	$2.12	$2.08	$2.86	$2.34	$2.32	$2.78	$2.63	$2.50	$2.39	$1.06	$1.06
Book Value/Share	$4.64	$4.64	$6.15	$6.15	$6.14	$7.67	$7.48	$7.23	$8.80	$8.73	$10.84	$10.88	$13.00	$10.79	$13.40	$15.60	$15.58	$15.48	$17.64	$17.77	$23.85
Tangible Book/Share	$4.54	$4.54	$6.05	$6.05	$6.04	$7.54	$7.38	$7.13	$8.68	$8.61	$6.04	$6.07	$7.25	$6.02	$8.81	$10.25	$10.24	$10.18	$12.59	$12.68	$12.68
Revenue/Share	$4.23	$4.95	$5.76	$6.57	$7.36	$10.32	$9.01	$9.74	$13.95	$15.42	$13.74	$14.36	$16.93	$14.12	$14.14	$16.54	$16.28	$15.75	$15.52	$17.20	$17.20
FCF/Share	$0.96	$0.80	$0.65	$0.60	$0.61	$1.07	$1.17	$1.57	$3.08	$3.78	$3.71	$4.15	$4.48	$3.79	$3.47	$3.35	$3.38	$3.01	$3.12	$4.41	$4.41
OCF/Share	$1.11	$0.97	$0.84	$0.86	$0.90	$1.48	$1.54	$2.04	$3.66	$4.40	$4.26	$4.60	$5.05	$4.25	$3.96	$3.95	$4.02	$3.65	$3.68	$4.97	$4.97
Cash/Share	$3.80	$3.79	$3.96	$3.96	$3.95	$4.94	$4.51	$4.35	$5.30	$5.26	$1.68	$1.68	$2.01	$1.67	$4.29	$4.99	$4.99	$4.95	$7.11	$7.17	$4.22
EBITDA/Share	$1.11	$1.23	$1.46	$1.71	$2.07	$3.08	$2.77	$3.03	$4.23	$4.77	$4.35	$4.67	$5.69	$4.65	$4.63	$5.33	$5.08	$4.88	$4.67	$4.70	$4.70
Debt/Share	$0.37	$0.37	$0.44	$0.44	$0.44	$0.54	$0.46	$0.45	$0.55	$0.54	$0.50	$0.50	$0.60	$0.50	$0.52	$0.61	$0.61	$0.60	$0.54	$0.55	$0.55
Net Debt/Share	$-3.43	$-3.42	$-3.53	$-3.52	$-3.52	$-4.39	$-4.04	$-3.90	$-4.75	$-4.72	$-1.17	$-1.18	$-1.41	$-1.17	$-3.77	$-4.39	$-4.38	$-4.35	$-6.57	$-6.62	$-6.62

Academic Models

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
Altman Z-Score	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	6.545
Altman Z-Prime	snapshot only																				12.644
Piotroski F-Score	4	4	7	7	6	7	8	8	8	8	7	7	7	6	6	7	6	6	7	7	7
Beneish M-Score	-2.80	-2.39	-1.60	-1.66	-1.66	-1.65	-2.21	-2.24	-2.43	-2.63	-2.28	-2.47	-2.21	-2.30	-2.90	-2.78	-3.06	-2.70	-3.02	-3.13	-3.127
Ohlson O-Score	snapshot only																				-10.478
ROIC (Greenblatt)	snapshot only																				20.75%
Net-Net WC	snapshot only																				$7.48
EVA	snapshot only																				$104480083.17

Credit

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
Credit Rating	snapshot only																				AA+
Credit Score	97.96	97.87	97.83	98.09	97.93	97.60	97.45	97.59	97.39	97.04	97.00	97.15	96.95	96.76	94.79	94.85	94.93	94.80	94.43	94.18	94.182
Credit Grade	snapshot only																				2
Credit Trend	snapshot only																				-0.663
Implied Spread (bps)	snapshot only																				65.000
Industry Credit Rank	snapshot only																				90
Sector Credit Rank	snapshot only																				93

WHD NYSE

Edge Score

Analyst Insights

Financial Rating

InsiderStreet Scorecard

Risk & Quality Signals

Valuation

DuPont Decomposition (5-Factor)

Graham-Dodd Adjusted Valuation

Profitability Trends

Leverage & Solvency Trends

Efficiency & Working Capital Trends

Growth Trends (YoY %)

Earnings Stability

Monte Carlo Price Simulation

Executive Compensation

C-Suite Compensation

CEO Pay Ratio

C-Suite Pay Equality (Gini)

CEO Compensation Mix

Workforce & Productivity

Scaling Efficiency

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