A Business at a Glance
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Company Overview WEX is a global commerce platform that provides seamlessly embedded, personalized payments solutions across three business segments: Mobility, Benefits, and Corporate Payments. Our purpose is to simplify the business of running a business. That purpose has become increasingly relevant as organizations face rising complexity driven by fragmented systems, manual workflows, increasing costs, and greater compliance demands. These challenges slow decision-making and introduce additional operational risk. Leveraging our deep industry expertise, WEX has developed platforms and proprietary networks that address these issues by delivering the technologies and services that enable our customers to achieve greater speed and efficiency, cost savings, accuracy, and insight across financial and administrative workflows.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 2.7B | 2.7B | 2.6B | 2.5B | 2.4B | 1.9B |
| Net Income | 304M | 304M | 310M | 267M | 201M | 135M |
| EPS | $8.47 | $8.47 | $7.50 | $6.16 | $4.50 | $0.00 |
| Free Cash Flow | 314M | 314M | 334M | 764M | 567M | 64M |
| ROIC | 9.1% | 38.0% | 30.2% | 23.8% | 11.0% | 6.2% |
| Gross Margin | 40.6% | 40.6% | 42.4% | 42.1% | 42.5% | 50.4% |
| Debt/Equity | 4.03 | 4.03 | 3.02 | 2.20 | 1.82 | 1.60 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | 664M | 664M | 686M | 647M | 470M | 342M |
| Operating Margin | 25.0% | 25.0% | 26.1% | 25.4% | 20.0% | 18.5% |
| ROE | 24.6% | 22.3% | 18.7% | 15.4% | 11.5% | 7.2% |
| Shares Outstanding | 36M | 36M | 41M | 43M | 45M | 45M |
WEX Inc. passes 8 of 9 quality checks, indicating strong fundamentals.
WEX Inc. trades at 19.8x trailing earnings, compared to its 15-year median P/E of 35.2x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 18.4x vs a median of 16.9x. The company's 5-year average ROIC is 21.8% with a gross margin of 43.6%. Total shareholder yield (buybacks) is 13.3%. At current prices, the estimated annualized return to fair value is -0.2%.
WEX Inc. (WEX) has a current P/E ratio of 19.8, compared to its historical median P/E of 35.2. The stock is currently considered Fair based on its historical valuation range.
WEX Inc. (WEX) has a 5-year average return on invested capital (ROIC) of 21.8%. This indicates strong capital allocation and a potential competitive advantage.
WEX Inc. (WEX) has a market capitalization of $6.0B. It is classified as a mid-cap stock.
WEX Inc. (WEX) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 13.26%.
Based on historical P/E analysis, WEX Inc. (WEX) appears fair. The current P/E of 19.8 is 44% below its historical median of 35.2. The estimated fair value CAGR (P/E method) is 18.9%.
WEX Inc. (WEX) operates in the Services-Business Services, Nec industry, within the Industrials sector.
WEX Inc. (WEX) reported annual revenue of $2.7 billion in its most recent fiscal year, based on SEC EDGAR filings.
WEX Inc. (WEX) has a net profit margin of 11.4%. This is a healthy margin.
WEX Inc. (WEX) generated $314 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
WEX Inc. (WEX) has a debt-to-equity ratio of 4.03. This indicates higher leverage, which may increase financial risk.
WEX Inc. (WEX) reported earnings per share (EPS) of $8.47 in its most recent fiscal year.
WEX Inc. (WEX) has a return on equity (ROE) of 22.3%. This indicates the company generates strong returns for shareholders.
WEX Inc. (WEX) has a 5-year average gross margin of 43.6%. This indicates decent pricing power.
The Ledger Terminal provides 18 years of financial data for WEX Inc. (WEX), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
WEX Inc. (WEX) has a book value per share of $34.38, based on its most recent annual SEC filing.