A Business at a Glance
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WisdomTree, Inc.
WT
$2.8B
Mkt Cap
$19.45
-1.27%
WisdomTree, Inc. (WT) has a current P/E ratio of 25.9, compared to its historical median P/E of 21.7. The stock is currently considered Fair based on its historical valuation range.
WisdomTree, Inc. (WT) has a 5-year average return on invested capital (ROIC) of 9.4%. This is below average and may indicate limited pricing power.
WisdomTree, Inc. (WT) has a market capitalization of $3.0B. It is classified as a mid-cap stock.
Yes, WisdomTree, Inc. (WT) pays a dividend with a trailing twelve-month yield of 0.59%. The company also returns capital through share buybacks, with a buyback yield of 3.88%.
Based on historical P/E analysis, WisdomTree, Inc. (WT) appears fair. The current P/E of 25.9 is 20% above its historical median of 21.7. The estimated fair value CAGR (P/E method) is 35.4%.
WisdomTree, Inc. (WT) operates in the Security Brokers, Dealers & Flotation Companies industry, within the Financials sector.
WisdomTree, Inc. (WT) reported annual revenue of $494 million in its most recent fiscal year, based on SEC EDGAR filings.
Our Company We are a global financial innovator, offering a diverse suite of ETPs, models and solutions, private market investments and digital asset-related products. Our offerings empower investors to shape their financial future and equip financial professionals to grow their businesses. Leveraging the latest financial infrastructure, we create products that emphasize access and transparency and provide an enhanced user experience. Building on our heritage of innovation, we continue to broaden our capabilities beyond our core ETP business. We offer next-generation digital products and services related to tokenized real world assets and stablecoins, including tokenized mutual funds (“Digital Funds”), as well as our institutional platform, WisdomTree Connect, and blockchain-native digital wallet, WisdomTree Prime. We also have expanded into private assets through our acquisition of Ceres, a leading U.S.-based alternative asset manager specializing in farmland investments.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 545M | 494M | 428M | 349M | 301M | 304M |
| Net Income | 61M | 108M | 50M | 95M | 45M | 44M |
| EPS | $0.44 | $0.75 | $0.33 | $0.64 | $306.93 | $0.31 |
| Free Cash Flow | 159M | 148M | 113M | 85M | 55M | 75M |
| ROIC | 11.9% | 10.2% | 6.2% | 14.5% | 7.4% | 8.7% |
| Gross Margin | - | - | - | - | - | - |
| Debt/Equity | 2.53 | 2.31 | 1.32 | 0.71 | 1.24 | 1.20 |
| Dividends/Share | $0.11 | $0.12 | $0.12 | $0.12 | $132.15 | $0.12 |
| Operating Income | 199M | 174M | 137M | 87M | 60M | 89M |
| Operating Margin | 36.6% | 35.3% | 32.1% | 25.1% | 19.9% | 29.3% |
| ROE | 12.8% | 26.6% | 12.3% | 26.6% | 15.6% | 16.5% |
| Shares Outstanding | 152M | 145M | 151M | 149M | 0M | 143M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 184M | 299M | 219M | 228M | 274M | 267M | 250M | 304M | 301M | 349M | 428M | 494M | 545M |
| Gross Margin | N/A | N/A | 54.9% | 61.8% | 79.3% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 41M | 73M | 63M | 81M | 75M | 81M | 75M | 88M | 65M | 71M | 84M | 89M | 93M |
| EBIT | 74M | 137M | 63M | 49M | 61M | 54M | 55M | 89M | 60M | 87M | 137M | 174M | 199M |
| Op. Margin | 40.0% | 45.9% | 29.0% | 21.5% | 22.4% | 20.1% | 22.0% | 29.3% | 19.9% | 25.1% | 32.1% | 35.3% | 36.6% |
| Net Income | 61M | 80M | 25M | 27M | 34M | -13M | -38M | 44M | 45M | 95M | 50M | 108M | 61M |
| Net Margin | 33.2% | 26.8% | 11.6% | 11.6% | 12.3% | -4.7% | -15.2% | 14.5% | 14.9% | 27.2% | 11.7% | 22.0% | 11.1% |
| Non-Recurring | 0 | 0 | 1.7M | 0 | 17M | 31M | 23M | 32M | 0 | 16M | 0 | 0 | 0 |
| Returns on Capital | |||||||||||||
| ROIC | 41.6% | 38.2% | 11.6% | 13.4% | 9.0% | -2.4% | -8.0% | 8.7% | 7.4% | 14.5% | 6.2% | 10.2% | 11.9% |
| ROE | 41.6% | 38.2% | 11.6% | 13.4% | 12.2% | -3.6% | -12.5% | 16.5% | 15.6% | 26.6% | 12.3% | 26.6% | 12.8% |
| ROA | 33.7% | 31.2% | 9.4% | 10.5% | 5.6% | -1.3% | -4.1% | 4.6% | 4.3% | 9.6% | 5.0% | 8.5% | 3.4% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 83M | 155M | 55M | 49M | 37M | 57M | 47M | 75M | 55M | 86M | 113M | 148M | 160M |
| Free Cash Flow | 78M | 152M | 54M | 48M | 37M | 57M | 47M | 75M | 55M | 85M | 113M | 148M | 159M |
| Owner Earnings | 74M | 142M | 37M | 32M | 23M | 45M | 34M | 65M | 44M | 69M | 92M | 125M | 134M |
| CapEx | 4.9M | 2.6M | 1.1M | 295K | 71K | 47K | 472K | 293K | 220K | 113K | 141K | 215K | 212K |
| Maint. CapEx | 972K | 2.0M | 3.3M | 1.4M | 1.3M | 1.0M | 1.0M | 738K | 418K | 670K | 733K | 1.3M | 1.8M |
| Growth CapEx | 3.9M | 638K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A | 972K | 2.0M | 3.3M | 1.4M | 1.3M | 1.0M | 1.0M | 738K | 418K | 670K | 733K | 1.3M | 1.8M |
| CapEx/OCF | 5.9% | 1.7% | 1.9% | 0.6% | 0.2% | 0.1% | 1.0% | 0.4% | 0.4% | 0.1% | 0.1% | 0.1% | 0.1% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 11M | 79M | 44M | 44M | 19M | 20M | 20M | 19M | 19M | 20M | 19M | 17M | 17M |
| Dividend Yield | 0.8% | 3.6% | 3.6% | 3.9% | 1.6% | 2.4% | 4.0% | 2.4% | 2565.9% | 2.2% | 1.3% | 1.1% | 0.6% |
| Share Buybacks | 6.5M | 24M | 39M | 7.9M | 2.9M | 2.3M | 31M | 35M | 3.4M | 3.6M | 63M | 103M | 115M |
| Buyback Yield | 0.4% | 1.3% | 3.1% | 0.6% | 0.3% | 0.3% | 4.2% | 3.8% | 0.4% | 0.3% | 3.0% | 5.7% | 3.9% |
| Stock-Based Comp | 8.1M | 11M | 15M | 15M | 13M | 12M | 12M | 10.0M | 10M | 16M | 21M | 22M | 24M |
| Debt Repayment | 0 | 0 | 0 | 0 | 8.7M | 21M | 179M | 0 | 0 | 184M | 133M | 39M | 39M |
| Balance Sheet | |||||||||||||
| Net Debt | N/A | N/A | N/A | N/A | 117M | 101M | 93M | 182M | 248M | 160M | 346M | 642M | 575M |
| Cash & Equiv. | 165M | 210M | 93M | 54M | 78M | 75M | 73M | 141M | 132M | 129M | 181M | 312M | 626M |
| Long-Term Debt | N/A | N/A | N/A | N/A | 195M | 176M | 167M | 319M | 321M | 275M | 512M | 804M | 1.1B |
| Debt/Equity | 0.20 | 0.25 | 0.24 | 0.32 | 0.54 | 0.52 | 0.63 | 1.20 | 1.24 | 0.71 | 1.32 | 2.31 | 2.53 |
| Interest Coverage | N/A | N/A | N/A | N/A | 7.7 | 4.8 | 5.7 | 7.2 | 4.0 | 5.7 | 52.1 | 97.8 | 127.7 |
| Equity | 184M | 235M | 201M | 193M | 358M | 337M | 266M | 269M | 306M | 409M | 400M | 414M | 475M |
| Total Assets | 221M | 293M | 250M | 255M | 938M | 935M | 897M | 1.0B | 1.0B | 944M | 1.0B | 1.5B | 1.8B |
| Total Liabilities | 36M | 58M | 48M | 62M | 447M | 465M | 498M | 636M | 596M | 402M | 634M | 1.1B | 1.3B |
| Intangibles | N/A | N/A | 10.0M | 12M | 603M | 603M | 601M | 601M | 604M | 605M | 606M | 749M | 748M |
| Retained Earnings | -26M | -25M | -25M | -25M | -7.3M | -18M | -53M | -22M | 14M | 96M | 130M | 221M | 193M |
| Working Capital | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Per Share Data | |||||||||||||
| EPS | 0.44 | 0.58 | 0.19 | 0.20 | 0.23 | -0.08 | -0.25 | 0.31 | 306.93 | 0.64 | 0.33 | 0.75 | 0.44 |
| Owner EPS | 0.53 | 1.03 | 0.28 | 0.24 | 0.16 | 0.29 | 0.23 | 0.45 | 302.24 | 0.46 | 0.61 | 0.87 | 0.88 |
| Book Value | 1.33 | 1.70 | 1.51 | 1.46 | 2.45 | 2.14 | 1.76 | 1.89 | 2,085.84 | 2.75 | 2.65 | 2.86 | 3.12 |
| Cash Flow/Share | 0.60 | 1.12 | 0.41 | 0.37 | 0.26 | 0.37 | 0.31 | 0.53 | 375.98 | 0.58 | 0.75 | 1.02 | 0.41 |
| Dividends/Share | 0.08 | 0.57 | 0.32 | 0.32 | 0.12 | 0.12 | 0.12 | 0.12 | 132.15 | 0.12 | 0.12 | 0.12 | 0.11 |
| Shares Out. | 138.8M | 138.0M | 133.6M | 132.5M | 146.2M | 157.3M | 151.5M | 142.7M | 0.1M | 148.5M | 151.1M | 144.5M | 152.4M |
| Valuation | |||||||||||||
| P/E Ratio | 28.5 | 22.5 | 50.2 | 54.0 | 24.9 | N/A | N/A | 18.5 | 16.4 | 10.9 | 31.6 | 16.5 | 44.6 |
| P/FCF | 22.4 | 11.8 | 23.7 | 29.7 | 22.4 | 11.9 | 16.0 | 10.9 | 0.0 | 12.1 | 13.9 | 12.1 | 18.6 |
| EV/EBIT | N/A | N/A | N/A | N/A | 15.6 | 14.6 | 15.2 | 10.7 | 16.8 | 14.7 | 17.8 | 14.9 | 17.8 |
| Price/Book | 9.4 | 7.7 | 6.3 | 7.4 | 2.3 | 2.0 | 2.8 | 3.4 | 2.7 | 2.7 | 5.3 | 4.4 | 6.2 |
| Price/Sales | 7.6 | 7.2 | 5.5 | 4.9 | 4.3 | 3.2 | 2.0 | 3.0 | 2.8 | 2.9 | 4.4 | 3.2 | 5.4 |
| FCF Yield | 4.5% | 8.5% | 4.2% | 3.4% | 4.5% | 8.4% | 6.3% | 8.2% | 6.6% | 7.7% | 5.4% | 8.2% | 5.4% |
| Market Cap | 1.7B | 1.8B | 1.3B | 1.4B | 837M | 681M | 745M | 919M | 833M | 1.1B | 2.1B | 1.8B | 3.0B |
| Avg. Price | 10.09 | 15.64 | 9.01 | 8.49 | 8.02 | 5.34 | 3.34 | 5.70 | 5.15 | 6.30 | 9.35 | 10.98 | 19.45 |
| Year-End Price | 12.53 | 13.04 | 9.55 | 10.80 | 5.72 | 4.33 | 4.92 | 5.72 | 5.10 | 6.95 | 10.44 | 12.38 | 19.45 |
WisdomTree, Inc. passes 5 of 9 quality checks, suggesting mixed fundamentals.
WisdomTree, Inc. trades at 25.9x trailing earnings, compared to its 15-year median P/E of 21.7x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 18.6x vs a median of 13.0x. The company's 5-year average ROIC is 9.4%. Total shareholder yield (dividends + buybacks) is 4.5%. At current prices, the estimated annualized return to fair value is +15.9%.
WisdomTree, Inc. (WT) has a net profit margin of 22.0%. This is a strong margin indicating high profitability.
WisdomTree, Inc. (WT) generated $148 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
WisdomTree, Inc. (WT) has a debt-to-equity ratio of 2.31. This indicates higher leverage, which may increase financial risk.
WisdomTree, Inc. (WT) reported earnings per share (EPS) of $0.75 in its most recent fiscal year.
WisdomTree, Inc. (WT) has a return on equity (ROE) of 26.6%. This indicates the company generates strong returns for shareholders.
The Ledger Terminal provides 17 years of financial data for WisdomTree, Inc. (WT), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
WisdomTree, Inc. (WT) has a book value per share of $2.86, based on its most recent annual SEC filing.