$63.44

+1.25 (+2.01%)

Weekly Expected Move ±4.3%

$58 $61 $63 $66 $69

NYSE · Energy · Oil & Gas Equipment & Services · Tech Score Sell · Power 37 · $4.4B mcap · 59M float · 1.34% daily turnover · Short 54% 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

60.8 / 100

NoneWeakNarrowWide

Primary source: Intangible Assets · ROIC: 21.0% · 5Y Avg: 29.0%

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 (60.8/100) — meaningful but not impregnable advantages over competitors. The primary source of advantage is Intangible Assets. ROIC of 21.0% 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

$72

Low

$73

Avg Target

$74

High

Based on 2 analysts since Jul 29, 2026 earnings

Analyst Recommendations

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

Rating Summary

ConsensusHold

Avg Target$73.00

Analysts2

Consensus Change History

Date	Field	From	To
2026-08-21	consensus	Buy	Hold
2026-05-20	consensus	Hold	Buy

Price Target Change History

Date	Firm	Analyst	Old	New	Change	Upside @ Call	Stock@Call
2026-08-03	Barclays	David Anderson	$70	$74	+4	+13.8%	$65.01
2026-07-31	Stifel Nicolaus	—	$68	$72	+4	+16.1%	$62.00
2026-06-16	Stifel Nicolaus	Stephen Gengaro	$66	$68	+2	+17.1%	$58.07
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.

Oct 02, 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 (5/5), ROA (5/5). Areas of concern: D/E (1/5), P/E (1/5), P/B (2/5).

Rating Change History

Date	From	To
2026-07-31	B+	B
2026-07-01	B	B+
2026-06-29	B+	B
2026-06-25	B	B+
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-

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.

★ ★ ★ ★ ★ 66 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 (38/100). 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

4.03

Safe Zone

Piotroski F-Score

6/9

✓ ✓ ✗ ✓ ✓ ✗ ✗ ✓ ✓

Beneish M-Score

-2.88

Unlikely Manipulator

Ohlson O-Score

-9.13

Bankruptcy prob: 0.0%

Low Risk

Credit Rating

AA+

Score: 94.8/100

Trend: Stable

Earnings Quality

75/100

OCF/NI: 4.45x

Accruals: -12.8%

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 4.03, 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 6/9, indicating moderate financial health — some areas of strength offset by weaknesses in others. 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 -2.88 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: 94.8/100), 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

53.31x

PEG

-0.92x

P/S

3.23x

P/B

3.55x

P/FCF

11.19x

P/OCF

9.87x

EV/EBITDA

8.97x

EV/Revenue

2.41x

EV/EBIT

12.61x

EV/FCF

10.22x

Earnings Yield

2.28%

FCF Yield

8.94%

Shareholder Yield

1.54%

Graham Number

$21.53

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 53.3x earnings, WHD is priced for high growth expectations. Graham's intrinsic value formula yields $21.53 per share, 195% 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

0.314

NI / EBT

Interest Burden

1.000

EBT / EBIT

EBIT Margin

0.191

EBIT / Rev

Asset Turnover

0.618

Rev / Assets

Equity Multiplier

1.846

Assets / Equity

ROE

6.9%

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 6.9% is driven by Asset Turnover (0.618), 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.

Two adjustments we make, and why. Growth is capped at 15%. Graham defined g as expected growth over the next seven to ten years, not last year's rate. Across US companies since 1994 the median realized 7-year EPS growth is 5–8% regardless of how fast a company grew beforehand, and of 4,457 company-quarters that grew faster than 200%, none sustained it. Uncapped, the formula assigned fair multiples in the hundreds to companies that had never held that rate — and scored worse than simply reading the P/E. Capped, it carries real information. The verdict has three states, not two. Tested over 377,249 stock-months, this ratio only separates outcomes at its extremes: below 0.25 beat the universe by 1.3 points a year, above 3.0 lagged by 2.7, and everything in between sat inside a one-point band. Rather than call two-thirds of the market "undervalued" on a threshold of 1.0, we say Neutral where the model cannot tell — which is most of the time.

Adj. Growth Rate

0.00%

Fair P/E

8.50x

Intrinsic Value

$9.91

Price/Value

5.17x

Margin of Safety

-417.05%

Premium

417.05%

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, capped at 15% — demonstrated performance rather than forecasts, held to a rate companies have historically sustained. WHD trades at a 417% premium to its adjusted intrinsic value of $9.91, 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 53.3x.

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

$63.42

Median 1Y

$61.88

5th Pctile

$24.69

95th Pctile

$155.44

Ann. Volatility

55.1%

Analyst Target

$73.00

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	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	Q2'26	Current
ROE	9.4%	12.1%	13.1%	15.7%	18.8%	21.2%	21.5%	20.4%	22.2%	23.5%	20.3%	22.2%	20.6%	19.1%	19.1%	17.2%	15.8%	14.5%	6.4%	6.9%	6.85%
ROA	4.3%	5.5%	6.2%	7.5%	9.2%	10.5%	10.4%	10.2%	11.8%	12.8%	10.7%	12.3%	11.9%	11.4%	11.4%	10.5%	9.7%	9.2%	3.5%	3.7%	3.71%
ROIC	29.5%	33.8%	35.0%	41.8%	47.3%	54.6%	19.2%	21.0%	24.6%	28.2%	29.5%	32.8%	32.0%	29.5%	28.7%	27.2%	25.6%	25.2%	19.0%	21.0%	20.95%
ROCE	6.5%	8.4%	10.2%	12.8%	15.9%	17.7%	15.1%	17.2%	19.8%	21.0%	22.0%	22.0%	21.0%	19.9%	19.0%	17.5%	16.3%	15.3%	11.9%	12.5%	12.48%
Gross Margin	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%	1.0%	1.00%
Operating Margin	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%	18.6%	18.59%
Net Margin	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%	10.9%	10.90%
EBITDA Margin	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%	22.3%	27.0%	26.95%
FCF Margin	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%	23.6%	23.59%
OCF Margin	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%	26.7%	26.74%
ROE 3Y Avg	snapshot only																				14.10%
ROE 5Y Avg	snapshot only																				14.80%
ROA 3Y Avg	snapshot only																				8.27%
ROIC 3Y Avg	snapshot only																				20.44%
ROIC Economic	snapshot only																				15.37%
Cash ROA	snapshot only																				14.10%
Cash ROIC	snapshot only																				39.14%
CROIC	snapshot only																				34.53%
NOPAT Margin	snapshot only																				14.31%
Pretax Margin	snapshot only																				19.12%
R&D / Revenue	snapshot only																				0.00%
SGA / Revenue	snapshot only																				29.19%
SBC / Revenue	snapshot only																				-0.39%

Valuation

Metric	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	Q2'26	Current
P/E Ratio	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	43.95	53.311
P/S Ratio	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	2.64	3.231
P/B Ratio	6.01	5.95	8.44	5.73	4.17	6.50	4.30	3.52	3.91	4.10	4.38	3.62	4.70	4.30	2.81	2.60	2.29	2.59	2.75	2.90	3.555
P/FCF	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	11.19	11.188
P/OCF	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	9.87	9.871
EV/EBITDA	26.56	22.63	29.92	16.98	10.55	16.09	13.70	9.85	10.18	9.94	10.12	8.57	11.94	11.63	7.68	7.51	6.86	8.38	9.35	8.97	8.974
EV/Revenue	6.58	5.74	7.79	4.78	3.15	4.95	4.26	2.98	3.15	3.15	3.29	2.88	3.93	3.81	2.47	2.34	2.13	2.52	2.56	2.41	2.412
EV/EBIT	43.82	33.58	41.28	21.91	12.95	19.18	16.33	12.13	12.51	12.22	12.35	10.19	14.23	13.89	9.22	9.13	8.43	10.43	12.67	12.61	12.614
EV/FCF	40.61	50.54	84.54	57.71	30.26	38.06	26.35	13.53	12.86	11.66	11.38	10.89	14.68	15.55	12.23	11.29	11.12	12.52	9.96	10.22	10.225
Earnings Yield	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%	2.3%	2.28%
FCF Yield	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%	8.9%	8.94%
Price/Tangible Book	snapshot only																				5.958
EV/OCF	snapshot only																				9.021
EV/Gross Profit	snapshot only																				3.404
Acquirers Multiple	snapshot only																				12.936
Shareholder Yield	snapshot only																				1.54%
Graham Number	snapshot only																				$21.53

Leverage & Solvency

Metric	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	Q2'26	Current
Current Ratio	5.59	5.60	5.33	5.23	4.74	5.61	2.83	2.76	2.78	3.17	3.24	3.75	3.82	4.33	4.85	4.85	5.28	5.81	2.61	2.59	2.587
Quick Ratio	4.44	4.31	4.00	3.92	3.51	4.23	1.58	1.60	1.63	2.00	2.17	2.59	2.67	3.06	3.47	3.48	3.74	4.13	1.71	1.81	1.807
Debt/Equity	0.07	0.07	0.07	0.07	0.06	0.06	0.26	0.12	0.04	0.05	0.05	0.04	0.04	0.04	0.04	0.04	0.03	0.03	0.05	0.05	0.045
Net Debt/Equity	-0.59	-0.57	-0.53	-0.54	-0.53	-0.54	0.16	0.04	-0.03	-0.11	-0.17	-0.22	-0.26	-0.28	-0.27	-0.32	-0.34	-0.37	-0.20	-0.25	-0.250
Debt/Assets	0.03	0.03	0.03	0.03	0.03	0.03	0.12	0.06	0.03	0.03	0.03	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.022
Debt/EBITDA	0.35	0.30	0.26	0.21	0.19	0.17	0.79	0.33	0.12	0.11	0.11	0.10	0.11	0.11	0.12	0.12	0.12	0.12	0.17	0.15	0.153
Net Debt/EBITDA	-2.89	-2.41	-2.02	-1.76	-1.52	-1.46	0.48	0.10	-0.09	-0.27	-0.41	-0.55	-0.70	-0.81	-0.83	-1.04	-1.20	-1.41	-0.73	-0.84	-0.845
Interest Coverage	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	2.11	2.10	2.08	2.07	2.01	1.96	2.06	1.94	1.78	1.76	1.76	1.70	1.68	1.62	1.60	1.59	1.57	1.53	2.06	2.08	2.083
Cash Ratio	snapshot only																				0.737
Cash to Debt	snapshot only																				6.507
FCF to Debt	snapshot only																				5.720
Defensive Interval	snapshot only																				449.3 days

Efficiency & Turnover

Metric	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	Q2'26	Current
Asset Turnover	0.42	0.49	0.53	0.56	0.61	0.66	0.61	0.71	0.79	0.83	0.74	0.73	0.72	0.69	0.68	0.65	0.61	0.60	0.56	0.62	0.618
Inventory Turnover	2.93	3.06	3.21	3.25	3.19	3.17	2.68	3.26	3.51	3.79	3.28	3.34	3.30	3.25	3.27	2.88	2.63	1.95	1.64	1.25	1.254
Receivables Turnover	6.30	6.58	6.18	5.68	5.97	6.05	4.92	5.33	5.98	6.38	5.48	5.37	5.62	5.69	5.32	5.43	5.47	6.06	3.49	3.80	3.800
Payables Turnover	9.38	10.07	9.83	8.49	7.95	9.84	9.15	9.65	10.07	11.63	11.65	10.92	9.97	9.77	10.88	8.89	9.08	6.82	2.74	1.97	1.970
DSO	58	55	59	64	61	60	74	69	61	57	67	68	65	64	69	67	67	60	104	96	96.1 days
DIO	125	119	114	112	114	115	136	112	104	96	111	109	111	112	112	127	139	188	222	291	291.1 days
DPO	39	36	37	43	46	37	40	38	36	31	31	33	37	37	34	41	40	53	133	185	185.3 days
Cash Conversion Cycle	144	139	136	134	130	138	171	143	129	122	147	144	139	139	147	153	165	194	194	202	201.9 days
Fixed Asset Turnover	snapshot only																				3.215
Operating Cycle	snapshot only																				387.2 days
Cash Velocity	snapshot only																				3.726
Capital Intensity	snapshot only																				1.896

Growth (YoY)

Metric	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	Q2'26	Current
Revenue	-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%	21.8%	21.79%
Net Income	-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%	-54.8%	-54.82%
EPS	-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%	-55.8%	-55.76%
FCF	-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%	38.4%	38.43%
EBITDA	-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%	5.0%	4.95%
Op. Income	-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%	-8.1%	-8.13%
OCF Growth	snapshot only																				31.92%
Asset Growth	snapshot only																				41.66%
Equity Growth	snapshot only																				8.07%
Debt Growth	snapshot only																				33.79%
Shares Change	snapshot only																				2.13%
Dividend Growth	snapshot only																				29.76%

Growth (CAGR)

Metric	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	Q2'26	Current
Revenue 3Y	-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%	14.6%	14.56%
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%	33.5%	33.52%
EPS 3Y	-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%	-16.5%	-16.48%
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%	23.1%	23.06%
Net Income 3Y	-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%	-14.3%	-14.30%
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%	21.1%	21.13%
EBITDA 3Y	-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%	10.1%	10.08%
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%	34.2%	34.24%
Gross Profit 3Y	-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%	44.1%	44.11%
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%	61.4%	61.36%
Op. Income 3Y	-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%	8.7%	8.73%
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%	38.5%	38.47%
FCF 3Y	-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%	17.2%	17.16%
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%	34.5%	34.52%
OCF 3Y	-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%	15.2%	15.24%
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%	34.1%	34.10%
Assets 3Y	19.4%	18.9%	11.4%	10.5%	10.5%	10.2%	21.4%	21.5%	21.7%	23.1%	21.5%	19.8%	20.4%	21.0%	19.9%	19.5%	19.4%	18.7%	17.4%	20.5%	20.52%
Assets 5Y	—	—	—	—	—	—	33.5%	29.5%	20.9%	21.1%	16.2%	15.4%	15.7%	15.8%	15.8%	17.3%	18.1%	18.1%	22.9%	22.3%	22.30%
Equity 3Y	12.0%	9.0%	5.7%	4.4%	20.3%	20.4%	29.1%	29.9%	32.7%	34.8%	30.1%	29.3%	30.0%	31.7%	31.0%	30.4%	29.8%	29.0%	17.3%	17.7%	17.71%
Book Value 3Y	-12.5%	-13.5%	5.3%	-11.1%	10.5%	19.9%	27.0%	36.5%	39.3%	32.4%	28.0%	35.1%	27.7%	29.6%	35.7%	35.1%	24.5%	33.1%	22.8%	14.7%	14.72%
Dividend 3Y	-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%	13.0%	7.0%	7.05%

Growth Quality

Metric	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	Q2'26	Current
Revenue Stability	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	0.93	0.934
Earnings Stability	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	0.28	0.284
Margin Stability	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	0.61	0.613
Rev. Growth Consistency	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	0.50	0.500
Earn. Growth Consistency	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	0.00	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	0.91	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	0.50	0.500
Earnings Smoothness	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	0.24	0.245
ROE Trend	-0.12	-0.07	-0.03	0.02	0.06	0.09	0.09	0.06	0.06	0.05	0.04	0.04	0.01	-0.02	-0.01	-0.03	-0.04	-0.05	-0.12	-0.11	-0.113
Gross Margin Trend	-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	0.31	0.309
FCF Margin Trend	-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	-0.00	-0.000
Sustainable Growth Rate	4.3%	6.9%	7.9%	10.5%	13.6%	16.0%	17.1%	16.0%	16.6%	17.7%	15.0%	17.1%	16.7%	15.7%	15.6%	13.8%	12.4%	10.7%	2.6%	2.9%	2.89%
Internal Growth Rate	2.0%	3.3%	3.9%	5.3%	7.1%	8.6%	9.0%	8.7%	9.7%	10.6%	8.6%	10.4%	10.7%	10.3%	10.3%	9.2%	8.3%	7.3%	1.4%	1.6%	1.59%

Cash Flow Quality

Metric	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	Q2'26	Current
OCF/Net Income	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	4.45	4.453
FCF/OCF	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	0.88	0.882
FCF/Net Income	snapshot only																				3.928
OCF/EBITDA	snapshot only																				0.995
CapEx/Revenue	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%	3.1%	3.15%
CapEx/Depreciation	snapshot only																				0.406
Accruals Ratio	-0.04	-0.02	-0.01	0.01	0.00	-0.01	-0.02	-0.08	-0.11	-0.13	-0.13	-0.09	-0.10	-0.08	-0.05	-0.06	-0.05	-0.05	-0.13	-0.13	-0.128
Sloan Accruals	snapshot only																				-0.005
Cash Flow Adequacy	snapshot only																				4.040
Earnings Quality Score	snapshot only																				0.750

Dividends & Buybacks

Metric	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	Q2'26	Current
Dividend Yield	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%	1.3%	1.3%	0.90%
Dividend/Share	$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	$0.63	$0.67	$0.57
Payout Ratio	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%	59.8%	57.8%	57.79%
FCF Payout Ratio	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%	14.4%	14.7%	14.71%
Total Payout Ratio	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%	71.1%	67.9%	67.87%
Div. Increase Streak	0	1	1	1	1	1	1	1	1	1	1	1	0	0	0	0	0	0	0	0	0
Chowder Number	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	0.27	0.34	0.338
Buyback Yield	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%	0.2%	0.23%
Net Buyback Yield	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%	0.2%	0.23%
Total Shareholder Return	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%	1.5%	1.54%

DuPont Factors

Metric	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	Q2'26	Current
Tax Burden (NI/EBT)	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	0.31	0.314
Interest Burden (EBT/EBIT)	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	1.00	1.000
EBIT Margin	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	0.19	0.191
Asset Turnover	0.42	0.49	0.53	0.56	0.61	0.66	0.61	0.71	0.79	0.83	0.74	0.73	0.72	0.69	0.68	0.65	0.61	0.60	0.56	0.62	0.618
Equity Multiplier	2.20	2.19	2.12	2.10	2.06	2.02	2.07	1.99	1.87	1.84	1.90	1.81	1.72	1.68	1.67	1.64	1.62	1.57	1.84	1.85	1.846

Per Share

Metric	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	Q2'26	Current
EPS (Diluted TTM)	$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	$1.17	$1.17
Book Value/Share	$6.00	$6.15	$6.46	$6.78	$8.91	$7.48	$9.31	$11.70	$12.54	$10.84	$11.23	$14.34	$12.51	$13.40	$16.14	$16.70	$17.20	$17.64	$17.25	$17.67	$24.50
Tangible Book/Share	$5.90	$6.05	$6.36	$6.67	$8.78	$7.38	$4.29	$5.69	$6.66	$6.04	$6.47	$8.71	$7.88	$8.81	$10.85	$11.48	$12.07	$12.59	$8.37	$8.60	$8.60
Revenue/Share	$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	$19.41	$19.60
FCF/Share	$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	$4.58	$4.63
OCF/Share	$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	$5.19	$5.24
Cash/Share	$3.97	$3.96	$3.91	$4.08	$5.25	$4.51	$0.95	$0.98	$0.97	$1.68	$2.44	$3.70	$3.78	$4.29	$5.06	$5.89	$6.44	$7.11	$4.22	$5.21	$5.26
EBITDA/Share	$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	$5.22	$5.22
Debt/Share	$0.43	$0.44	$0.45	$0.44	$0.57	$0.46	$2.40	$1.41	$0.56	$0.50	$0.52	$0.59	$0.52	$0.52	$0.63	$0.61	$0.57	$0.54	$0.80	$0.80	$0.80
Net Debt/Share	$-3.54	$-3.53	$-3.46	$-3.64	$-4.68	$-4.04	$1.45	$0.42	$-0.41	$-1.17	$-1.93	$-3.11	$-3.26	$-3.77	$-4.43	$-5.28	$-5.87	$-6.57	$-3.42	$-4.41	$-4.41

Academic Models

Metric	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	Q2'26	Current
Altman Z-Score	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	4.032
Altman Z-Prime	snapshot only																				7.794
Piotroski F-Score	4	7	7	6	7	8	6	6	7	7	8	8	8	6	7	6	6	7	5	6	6
Beneish M-Score	-1.52	-1.60	-1.84	-1.93	-1.99	-2.21	-1.70	-1.99	-2.22	-2.28	-3.10	-2.97	-3.01	-2.90	-2.66	-2.98	-2.60	-3.02	-2.01	-2.88	-2.882
Ohlson O-Score	snapshot only																				-9.125
ROIC (Greenblatt)	snapshot only																				21.52%
Net-Net WC	snapshot only																				$5.72
EVA	snapshot only																				$101984673.22

Credit

Metric	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	Q2'26	Current
Credit Rating	snapshot only																				AA+
Credit Score	98.00	98.07	97.97	97.87	97.87	97.41	96.76	97.17	97.00	96.95	97.15	96.95	96.76	94.58	94.64	94.72	94.75	94.70	91.04	94.81	94.809
Credit Grade	snapshot only																				2
Credit Trend	snapshot only																				0.094
Implied Spread (bps)	snapshot only																				65.000
Industry Credit Rank	snapshot only																				93
Sector Credit Rank	snapshot only																				94

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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