WEX Inc. · Business Services, NEC

WEX

Low riskNext report: In 0 days (est.)

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The short version

A profitable company with growing sales.

Going well

Sales up 14% in the latest quarter vs a year ago
Profitable
Brings in more cash than it spends

Watch out for

High debt: 2.91x equity

Money moves

Insiders sold $347K in the last 30 days, all through pre-planned sales
Institutions added 2.5% to their holdings in the quarter ending June 2026 (180 bought, 240 sold)
Held by Ray Dalio (Bridgewater)

Facts from SEC filings, not a recommendation.

What the price means

Price as of Oct 26

$192.07-2.7% that day

Company value: $6.5B; Share price times all shares
Price vs profit (P/E): 19.1x; You pay about $19 for each $1 of yearly profit
Price vs sales: 2.3x; Company value is 2.3 times a year of sales
Cash vs value: 18%; Cash as a share of company value
Debt vs value: 55%; Debt as a share of company value

From WEX's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.

The business over time

Last 12 quarters, from SEC filings

Sales, Jun '26

$753.5M+14% vs a year earlier

Sep '23Tap a barJun '26

Last 12 months: $2.8B, up 7.5% from the 12 months before. Over 5 years, sales grew about 11% a year.

What the price assumes

Your guesses, our math

Move the sliders to your own view of WEX. Starting points are the company's recent numbers.

Sales growth+7% a yearRecently: +7.5% a yearProfit margin13%Last 12 months: 12.6%P/E at the end19xToday: 19.1x. Many steady companies trade at 12x to 25xShare count change-5% a yearBelow zero means buybacks; above zero means new shares (dilution)

Sales in 5 years$3.9B

Profit in 5 years$509M

Price these guesses point to$366.77+91% vs $192.07 todayAbout +14% a year, before dividends

What today's price needs: with a 13% margin and a 19x P/E, sales could shrink about 6.0% a year for 5 years and still match today's price.

Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.

Price

Price chart by TradingView.

Business quality

The checklist Warren Buffett-style investors use. Annual numbers for 2025.

4/6Mixed

PassReturn on equity 15%+Earns a lot on the money owners have in the business.22.3%
MissDebt under half of equityNot relying on borrowed money.2.91x equity
PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.11.4%
MissProfitable every yearSteady profits, not one good year.9 of 10 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$313.7M
PassShare count not growingNot diluting owners. Falling means buybacks.-19.7% in 3 years

Revenue: $2.7B; +1.2% vs prior year
5-year growth: +11.3%/yr; revenue, per year
Total debt: $3.6B; 2.91x equity
Current ratio: 1.05x; short-term assets / bills due

From annual reports filed with the SEC. Not in this company's SEC data, so not scored: gross margin 40%+. A checklist is a starting point for research, not a verdict.

Latest quarter

Quarter ended Jun 30, 2026

Reported Jul 22

Revenue: $753.5M; +14.2% YoY
EPS: $3.11; vs $1.98
Op. margin: 27.0%; +3.2 pts
Gross margin: 61.6%; +2.9 pts
Free cash flow: -$121.1M
Share count: +1.5%; vs a year ago

Insider rating

Last 90 days

46Mixed

Pre-planned sales of $347K (weaker signal)

50 is neutral. Buying by more insiders, top executives and bigger stakes raises it. Selling lowers it; pre-planned sales count less.

Weekly insider trend

13 weeks agoBoughtSoldThis week

Filing buzz

Last 7 days vs normal

0/ 100

This week: 0
Normal week: 1.6
vs normal: 0.0x

SEC filings of any kind. 50 means a normal week.

Institutional ownership

Steady+2.5%

Institutions added 2.5% to their holdings. 180 bought, 240 sold. 4 quarters of net buying in a row.

Shares held by institutions39.7M

Sep '24Jun '26

Safety check

From SEC filings

Share count growthYearly rate, last 3 years

-7.4%

Cash runwayAt last year's cash burn

Cash flow positive

Debt to equityLatest balance sheet: debt compared with what owners have

2.7x · $3.6B debt

Shares outstandingLatest reported

34M

Why low risk

High debt: 2.66x equity

Earnings reports

Last 12

Next reportIn 0 days (est.)Estimated from the same quarter last year

Results filedJul 22
Results filedApr 22
Results filedFeb 4
Results filedOct 29, 2025
Results filedJul 23, 2025

Flags and big holders

Offerings 6 months, flags 12 months, holders 90 days

New 5%+ holder (passive)Aug 6 · View filing ↗Big holder

Insider trades

Open-market buys and sells, last 90 days

Bought$00 insiders

Sold$347K1 insider, 1 pre-planned

Insider	Trade	Shares	Avg price	Value	Owns after	Date
Robert Joseph DeshaiesCOO, Benefits	Sell	2K	$173.56	$347K	17K	Oct 5Filing ↗
-10.4% of their holdings $169.81 to $175.71 across 6 trades Pre-planned sale (10b5-1) Filed 2 days after