TORVANTA
Other · S&P 500 · data as of 2026-10-05

WEX stock analysis: WEX

WEX (WEX) is an S&P 500 company in Other.

The model's view of WEX · subscribers

Where WEX ranks among the 1,500 U.S. stocks the model scores each trading day, its expected return, the evidence for and against it, and whether the model portfolio holds it. The grades below describe the company's data; they are not the model's view.

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What's happening with WEX · updated 2026-10-05 · from prices and SEC filings

WEX price performance

WEX against the S&P 500, one year
-20%+0%+20%S&P 500 +18%WEX +7%2025-09-292026-10-05
Year to date+15.8%S&P 500 +14.5% · ahead by 1.3 pts
1 year+8.0%S&P 500 +17.0% · behind by 9.0 pts
3 years-5.2%S&P 500 +89.3% · behind by 94.5 pts
5 years-4.5%S&P 500 +91.3% · behind by 95.8 pts

Total returns with dividends reinvested.

WEX factor grades

Each grade compares WEX with the rest of its sector (A+ best, F worst); the numbers behind it are shown with the typical figure for its peers.

C+ValueP/E 17.2x (industry 20.1x)FCF yield 1.5% (industry 6.0%)
CGrowthRevenue growth +7% (industry +8%)EPS growth +27% (industry +10%)
BProfitabilityOperating margin 25.5% (industry 9.6%)ROIC 9.3% (industry 10.1%)
BMomentum12-month change +8%From 52-wk high -15%

WEX in plain numbers

WEX key statistics

SectorOther
Industryn/a
IndexS&P 500
Market value$5.9B
Revenue growth (y/y)+7%
Free-cash-flow yield1.5%
Dividend yieldn/a
Next earnings (expected)2026-10-28
Valuation measures
Market value$5.9B
Enterprise value$10.1B
P/E (trailing)17.2x
Forward P/E (Torvanta estimate)15.4x
PEG (Torvanta estimate)1.29
Price / sales2.1x
Price / book4.4x
EV / revenue3.6x
EV / EBITDA10.5x
Financial highlights
Revenue, last 12 months$2.8B
Net income, last 12 months$350.8M
EPS, last 12 months (GAAP)$10.03
Gross margin59.6%
Operating margin25.5%
Net margin12.6%
Return on equity30.2%
Return on invested capital9.3%
Cash$1.2B
Total debt$5.4B
Debt / equity3.98x
Free cash flow, last 12 months$88.3M
Current ratio1.04x

Company figures from its latest SEC filings; market value and returns from end-of-day prices.

WEX earnings trends

Revenue vs earnings
$0$188.4M$376.8M$565.1M$753.5MSep 2024 Revenue: $665.5MDec 2024 Revenue: $636.5MMar 2025 Revenue: $636.6MJun 2025 Revenue: $659.6MSep 2025 Revenue: $691.8MDec 2025 Revenue: $672.9MMar 2026 Revenue: $673.8MJun 2026 Revenue: $753.5MSep 2024 Net income: $102.9MDec 2024 Net income: $63.9MMar 2025 Net income: $71.5MJun 2025 Net income: $68.1MSep 2025 Net income: $80.3MDec 2025 Net income: $84.3MMar 2026 Net income: $77.7MJun 2026 Net income: $108.5MSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Net margin: 15.5%Net margin: 10.0%Net margin: 11.2%Net margin: 10.3%Net margin: 11.6%Net margin: 12.5%Net margin: 11.5%Net margin: 14.4%0%8%15%■ Revenue ■ Net income ━ Net margin
Earnings per share$0.0$0.8$1.6$2.3$3.1Sep 2024 EPS (GAAP, diluted): $2.5Dec 2024 EPS (GAAP, diluted): $1.6Mar 2025 EPS (GAAP, diluted): $1.8Jun 2025 EPS (GAAP, diluted): $2.0Sep 2025 EPS (GAAP, diluted): $2.3Dec 2025 EPS (GAAP, diluted): $2.4Mar 2026 EPS (GAAP, diluted): $2.2Jun 2026 EPS (GAAP, diluted): $3.1Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026■ EPS (GAAP, diluted) Change from a year earlier: Sep 2025 -9% · Dec 2025 +49% · Mar 2026 +23% · Jun 2026 +57%

From the company's 10-Q and 10-K filings with the SEC.

WEX financials (from SEC filings)

Fiscal yearFY2021FY2022FY2023FY2024FY2025
Revenue$1.9B$2.4B$2.5B$2.6B$2.7B
Net income$135.3M$167.2M$266.6M$309.6M$304.2M
EPS (GAAP)$-0.01$4.46$6.16$7.51$8.49
Free cash flow$64.4M$566.5M$764.3M$334.1M$293.5M

WEX earnings history

ReportedEPS (GAAP)EPS y/yRevenue y/yStock vs S&P 500, 2 days
2026-07-22$3.11+57%+14%+7.9%
2026-04-22$2.22+23%+6%-13.5%
2026-02-04$2.40+49%+6%+4.7%
2025-10-29$2.30-9%+4%-3.5%
2025-07-23$1.98+8%-2%+7.5%
2025-04-30$1.81+17%-2%-8.6%

Companies similar to WEX

CompanyMarket valueP/ERevenue growthOperating margin12-month change
WEX WEX$5.9B17.2x+7%25.5%+8%
M M$5.9B8.2x+0%5.0%+28%compare
HWC HWC$5.9B14.3xn/an/a+20%compare
WFRD WFRD$5.9B16.2x-7%12.7%+27%compare
HR HR$5.9Bn/a-6%n/a+0%
BGC BGC$5.8B29.8x+28%n/a+34%
LSTR LSTR$5.8B47.3x-1%3.5%+43%

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Frequently asked questions

Is WEX stock a buy?

Torvanta does not tell individuals what to buy. Its grades for WEX are shown above. Subscribers see the model's rank, expected return and whether the model portfolio holds it. This is research, not a recommendation.

What is WEX's P/E ratio?

WEX trades at about 17.2 times its last 12 months of GAAP earnings reported to the SEC, and about 15.4 times Torvanta's own estimate of the next 12 months.

When does WEX report earnings next?

Based on its filing history, Torvanta expects WEX to report around 2026-10-28.

How has WEX performed against the S&P 500?

Over the past year WEX returned +8.0%, against +17.0% for the S&P 500, dividends reinvested.

See the model's view

Subscribers get the model's rank and expected return for every covered company, the reasoning behind each, and the Torvanta model portfolio's trades each trading day, sized and explained, at three risk levels.

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Torvanta is research only - not investment advice and not a recommendation to buy or sell any security. Grades describe a company's reported data against its sector; they are not the model's view, change as data changes and can be wrong. Financial figures come from the company's SEC filings; returns include reinvested dividends. Past performance does not predict future results.

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