Stocks · Technology · Software - Infrastructure
WEX Inc. WEX
$169.10 +0.26% Close, Oct 2, 2026 · NYSE · Market cap $5.76B
Inexpensive vs sector
Next earnings report: Nov 4, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- The shares trade at 16.8× trailing earnings, lower than 94% of the company's own readings over the past five years.
- Earnings beat analyst estimates in each of the last 7 quarters (average surprise over the last four: +3.8%).
- Net debt is 4.4× EBITDA, a high level of leverage.
PromtFinance scores
Each score is a percentile within the Technology sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Bottom 34%
- EPS growth (TTM, YoY)Top 40%
- FCF growth (TTM, YoY)Bottom 10%
- Revenue growth, 3-year CAGRBottom 44%
- Revenue growth accelerationTop 25%
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalTop 38%
- Gross marginTop 44%
- Operating marginTop 10%
- Cash conversion (OCF / net income)Bottom 12%
- Accruals (lower is better)Bottom 14%
- Net debt / EBITDA (lower is better)Bottom 9%
- Interest coverBottom 48%
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldTop 12%
- Free-cash-flow yieldBottom 40%
- EBITDA / enterprise valueTop 13%
- Sales / enterprise valueTop 45%
- P/E vs own 5-year history (lower is better)Top 15%
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthTop 36%
- 6-month returnBottom 36%
- 1-year return vs S&P 500Top 49%
- Distance from 52-week highTop 29%
- Trend checklist (0–4)Bottom 40%
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersBottom 32%
- Consecutive EPS beatsTop 27%
- Share of analysts rating BuyBottom 20%
- Upside to consensus price targetBottom 33%
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Top 16%
- Maximum drawdown, 3 yearsTop 33%
- Beta vs S&P 500 (lower is better)Top 25%
- Net debt / EBITDA (lower is better)Bottom 9%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 3.3% | 7.5% | ↑ |
| EPS growth (YoY) | 14.8% | 26.9% | ↑ |
| Gross margin | 59.6% | 56.7% | ↓ |
| Operating margin | 25.7% | 25.5% | ↓ |
| FCF margin | 10.4% | 3.9% | ↓ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 7.5% | 3.3% | ↑ | Bottom 34% |
| EPS growth (TTM, YoY) | 26.9% | 14.8% | ↑ | Top 40% |
| Gross margin | 56.7% | 59.6% | ↓ | Top 44% |
| Operating margin | 25.5% | 25.7% | ↓ | Top 10% |
| Net margin | 12.6% | 11.8% | ↑ | — |
| Free-cash-flow margin | 3.9% | 10.4% | ↓ | — |
| Return on invested capital | 7.3% | — | Top 38% | |
| Revenue growth, 3-year CAGR | 4.2% | — | Bottom 44% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 0.75×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- 0.5%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 1.2%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- +13.8 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 4.39×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 3.1×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 0.00%
- Net buyback yield (TTM)
- 1.11%
- Shareholder yield
- 1.11%
- Share count change, 1 year
- +1.5%
- Share count change, 3-year CAGR
- -7.0%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Jul 23, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 7
- Beats in the last 8 reports
- 7 of 8
- Average EPS surprise, last 4
- +3.8%
- Average 2-day reaction, last 8
- -1.5%
- Positive 20 days after report
- 4 of 8
Analysts
- Consensus price target
- $190.57
- Target vs current price
- +12.7%
- Analysts with a rating
- 32
- Share rating Buy or Strong Buy
- 44%
- Consensus rating
- Hold
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Jul 22, 2026 | +5.3% | -3.3% | +13.6% | +19.1% | — |
| Apr 22, 2026 | +1.7% | +4.2% | -14.1% | -20.5% | -7.5% |
| Feb 4, 2026 | +5.1% | +3.2% | +15.1% | +14.2% | +4.2% |
| Oct 29, 2025 | +3.1% | -3.0% | -6.8% | -5.8% | +0.1% |
| Jul 23, 2025 | +7.0% | +1.7% | +8.3% | +6.5% | -6.7% |
| Apr 30, 2025 | +3.2% | -1.0% | -7.1% | +3.7% | +33.3% |
| Feb 5, 2025 | +0.3% | +1.5% | -15.9% | -16.1% | -34.0% |
| Oct 24, 2024 | -1.6% | -15.0% | -18.4% | -15.4% | -14.2% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Jul 22, 2026 | $5.35 | $5.08 | +5.3% | $753.5M |
| Apr 22, 2026 | $4.15 | $4.08 | +1.7% | $673.8M |
| Feb 4, 2026 | $4.11 | $3.91 | +5.1% | $672.9M |
| Oct 29, 2025 | $4.59 | $4.45 | +3.1% | $691.8M |
| Jul 23, 2025 | $3.95 | $3.69 | +7.0% | $659.6M |
| Apr 30, 2025 | $3.51 | $3.40 | +3.2% | $636.6M |
| Feb 5, 2025 | $3.57 | $3.56 | +0.3% | $636.5M |
| Oct 24, 2024 | $4.35 | $4.42 | -1.6% | $665.5M |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 16.8× | 28.1× | 6th | Top 12% |
| P/E (forward) | 8.4× | — | — | — |
| EV / EBITDA | 10.4× | — | — | Top 13% |
| EV / Sales | 3.57× | — | — | Top 45% |
| Free-cash-flow yield | 1.88% | — | — | Bottom 40% |
| Earnings yield | 5.94% | — | — | Top 12% |
P/E over the past five years
Range 15.7× – 111.5× since Mar 31, 2022. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
What moved the stock over the past year
- Price return, 1 year
- +5.9%
- Earnings per share growth (TTM)
- +26.9%
- Change in P/E multiple
- -22.4%
Most of the move came from a change in the valuation multiple.
Technical state
Trend checklist
- ✗ Price above 20-day average
- ✗ Price above 50-day average
- ✓ Price above 200-day average
- ✓ 50-day average above 200-day
- ✗ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 61
- 50-day average slope (20 days)
- +7.4%
- 200-day average slope (20 days)
- +2.4%
- Distance from 50-day average
- -10.4%
- Distance from 200-day average
- +4.6%
- RSI (14)
- 31.9
- Relative volume
- 0.95×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 38.5%
- Volatility vs own 5-year history
- 63th percentile · Normal for this stock
- Beta vs S&P 500 (2 years, weekly)
- 1.04
- Correlation with S&P 500
- 0.39
- Current drawdown from 1-year high
- -16.8%
- Maximum drawdown, 3 years
- -53.2%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Apr 3, 2024 | Apr 8, 2025 | -53.1% | 254 days | Not yet recovered |
| Feb 24, 2021 | Dec 1, 2021 | -46.2% | 195 days | 570 days (Mar 11, 2024) |
| Oct 12, 2020 | Oct 29, 2020 | -19.3% | 13 days | 7 days (Nov 9, 2020) |
| Jan 7, 2021 | Jan 27, 2021 | -11.9% | 13 days | 10 days (Feb 10, 2021) |
| Nov 10, 2020 | Nov 12, 2020 | -10.6% | 2 days | 3 days (Nov 17, 2020) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $5.76B
- P/E (TTM)
- 16.8
- EPS, diluted (TTM)
- $10.04
- Revenue (TTM)
- $2.79B
- 52-week range
- $125.29 – $203.99
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $1.85B | $2.35B | $2.55B | $2.63B | $2.66B |
| Gross profit | $1.15B | $1.42B | $1.57B | $1.59B | $1.46B |
| Operating income | $342.0M | $469.8M | $647.1M | $686.3M | $676.0M |
| Net income | $100,000 | $201.4M | $266.6M | $309.6M | $304.1M |
| EPS (diluted) | $0.00 | $4.50 | $6.16 | $7.50 | $8.47 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $665.5M | $636.5M | $636.6M | $659.6M | $691.8M | $672.9M | $673.8M | $753.5M |
| Net income | $102.9M | $63.9M | $71.5M | $68.1M | $80.3M | $84.3M | $77.7M | $108.5M |
| EPS (diluted) | $2.52 | $1.60 | $1.81 | $1.98 | $2.30 | $2.41 | $2.22 | $3.11 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | $150.4M | $679.4M | $907.9M | $481.4M | $454.3M |
| Capital expenditure | -$86.0M | -$116.2M | -$143.6M | -$147.3M | -$140.6M |
| Free cash flow | $64.4M | $563.2M | $763.9M | $334.1M | $313.7M |
| Dividends paid | $0 | $0 | $0 | $0 | $0 |
| Net share buybacks | $44.2M | -$277.8M | -$303.4M | -$652.0M | -$799.8M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $6.10B
- Total assets
- $16.50B
- Total liabilities
- $15.15B
- Total debt
- $5.36B
- Net debt
- $4.20B
- Shareholders’ equity
- $1.34B
As of Jun 30, 2026 (filed Jul 23, 2026).
Short interest
- Shares sold short
- 2,487,388
- Days to cover
- 5.50
- Change vs previous report
- +2.5%
FINRA short interest, settlement date Sep 15, 2026.