Stocktoria

WEX Inc. WEX

NYSE · stock · Services-Business Services, NEC · website · IPO 2005-02-16 · LEI

WEX Inc. statistics & valuation

Market cap$4.6B
P / E15.0×
P / S1.7×
P / B3.7×
P / FCF14.5×
Net margin11.4%
Return on equity24.6%
FCF margin11.8%
Net debt$2.6B
Net debt / EBITDA2.6×
Enterprise value USD$7.2B
EV / EBITDA7.2×
Earnings yield EBIT/EV9.3%
Return on capital13%
Graham number -57.4%$80.95

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($80.95); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
6.00% 12.80% 11.30% 9.10% -18.20% 7.30% 7.10% 10.50% 11.80% 11.40% 2016201720182019202020212022202320242025
Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
15.60% 18.70% 25.50% 22.40% -5.90% 18.50% 20.00% 25.40% 26.10% 25.00% 2016201720182019202020212022202320242025
Return on equity (%)
4.10% 9.80% 9.40% 8.10% -14.90% 7.40% 10.10% 14.60% 20.80% 24.60% 2016201720182019202020212022202320242025
Shares outstanding
42.8M 43.1M 43.6M 43.8M 44.2M 45.3M 44.7M 43.3M 41.3M 35.9M 2016201720182019202020212022202320242025
Net debt ($)
$1.52B $1.59B $1.88B $2.02B $2.11B $1.60B $1.85B $2.49B $2.63B 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
1.00% 2.40% 2.50% 1.90% -3.50% 1.30% 1.50% 1.90% 2.30% 2.10% 2016201720182019202020212022202320242025
Free cash flow margin (%)
-19.90% 4.50% 21.00% 32.50% 42.10% -6.90% 24.10% 30.00% 12.70% 11.80% 2016201720182019202020212022202320242025
Debt / equity (×)
1.24× 1.19× 1.39× 1.51× 1.47× 1.53× 1.55× 2.07× 2.86× 2016201720182019202020212022202320242025
EPS ($)
$0.57 $3.71 $3.86 $2.26 -$5.56 $0.00 $4.50 $6.16 $7.50 $8.47 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

WEX Inc. trades at about 22.4× earnings — below its 10-year norm (10-year range 17.8×–200.6×, median 41.1×).

17.8× 200.6×

Shaded band = 10-year range (17.8×–200.6×); dot = today's 22.4×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating margin25.0%26.1%25.4%20.0%18.5%-5.9%22.4%25.5%18.7%15.6%
Net margin11.4%11.8%10.5%7.1%7.3%-18.2%9.1%11.3%12.8%6.0%
FCF margin11.8%12.7%30.0%24.1%-6.9%42.1%32.5%21.0%4.5%-19.9%
Return on assets2.1%2.3%1.9%1.5%1.3%-3.5%1.9%2.5%2.4%1.0%
Return on equity24.6%20.8%14.6%10.1%7.4%-14.9%8.1%9.4%9.8%4.1%
Debt / equity2.86×2.07×1.55×1.53×1.47×1.51×1.39×1.19×1.24×—
Current ratio1.051.021.051.081.201.281.261.471.24—

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.