Loading institutional data...
Loading institutional data...
No institutional (13F) filings cover this company, so the Overview and 13F tabs are thin. Everything drawn from its SEC filings is here.
Loading snapshot...
Loading financials...
Loading valuation...
Loading analysis...
Loading dividends & returns...
Loading capital allocation...
Loading debt & leverage...
Loading performance...
Loading peer comparison...
Total return (dividends reinvested) vs the market, from quarter-end prices.
Above 0 = ahead of the S&P 500 since the window start; below 0 = behind. Rising means it's pulling ahead.
How far the stock fell below its prior peak. Deeper, longer drawdowns = a rougher ride to the same return.
Quarter-end, dividend-adjusted (total return). Beta & volatility from quarterly returns (annualized). Benchmark is the S&P 500 (SPY total return). Annual returns compound the quarters ending in each calendar year; the first and last years in a window may be partial. Past performance doesn't predict future results.
Ranked against 27 sector peers with collected financials. Valuation from latest close × latest fiscal-year fundamentals; 13F conviction as of 2026-09-30.
Percentile is “goodness” within the peer set (100 = best). For valuation and leverage that means cheaper / less-levered ranks higher.
| Company | Mkt cap ▼ | P/E | EV/EBITDA | P/S | Rev gr | Gross | Net | ROE | ROIC | Net D/EBITDA | 13F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| NEE | $176.9B | 25.6× | — | 6.9× | 9.8% | — | 26.5% | 12.5% | 4.6% | — | 1,033 |
| SO | $107.8B | 23.9× | — | 3.6× | 10.6% | — | 14.7% | 12.1% | 4.2% | — | 810 |
| CEG | $93.3B | 35.6× | 24.3× | 3.7× | 8.3% | — | 9.1% | 16.0% | 9.9% | 1.3× | 617 |
| AEP | $70.7B | 19.5× | 13.4× | 3.2× | 10.9% | — | 16.9% | 11.9% | 4.8% | 5.3× | 630 |
| D | $58.7B | 19.4× | — | 3.6× | 14.2% | — | 18.2% | 10.3% | 3.8% | — | 488 |
| ETR | $52.0B | 27.9× | 14.3× | 4.0× | 9.0% | — | 13.7% | 10.5% | 3.9% | 4.8× | 375 |
| VST | $46.9B | 64.0× | 16.7× | 2.6× | 3.0% | — | 5.3% | 18.5% | 3.9% | 4.6× | 381 |
| CNP | $28.2B | 26.6× | 13.5× | 3.0× | 8.3% | 100.0% | 11.2% | 9.4% | 3.3% | 5.8× | 208 |
| FE | $27.3B | 26.8× | 13.7× | 1.8× | 12.0% | — | 6.8% | 8.2% | 2.7% | 6.7× | 237 |
| PPL | $26.9B | 22.5× | 12.9× | 3.0× | 6.9% | — | 13.1% | 7.9% | 3.5% | 5.0× | 273 |
| ES | $26.0B | 15.1× | 10.0× | 1.9× | 13.8% | — | 12.5% | 10.5% | 3.8% | 5.2× | 328 |
| EIX | $22.9B | 5.2× | 5.9× | 1.2× | 9.8% | — | 23.1% | 25.4% | 8.0% | 3.7× | 266 |
| NRG | $20.2B | 24.0× | 9.8× | 0.7× | 9.2% | — | 2.8% | 51.4% | 4.8% | 3.6× | 245 |
| TLN | $16.9B | — | 121.8× | 6.5× | 22.0% | — | -8.5% | -20.0% | -2.8% | — | 129 |
| PNW | $13.1B | 21.3× | 11.3× | 2.5× | 4.2% | — | 11.8% | 9.0% | 3.7% | 4.9× | 174 |
| OGE | $10.2B | 21.2× | 12.7× | 3.1× | 9.2% | 61.4% | 14.4% | 9.5% | 4.4% | 4.6× | 172 |
| IDA | $8.5B | 24.6× | 19.2× | 4.9× | -1.2% | — | 18.5% | 9.1% | 4.6% | 5.3× | 126 |
| CWEN | $7.1B | — | 18.0× | 5.0× | 4.2% | 62.9% | 11.8% | 2.9% | 1.2% | 9.6× | 113 |
| TXNM | $6.4B | 39.6× | 12.7× | 3.0× | 9.9% | — | 7.8% | 5.0% | 2.0% | 5.7× | 80 |
| BKH | $6.3B | 20.6× | 13.1× | 2.7× | 8.6% | — | 12.6% | 7.6% | 3.4% | 5.5× | 103 |
| ORA | $5.8B | 46.6× | 18.0× | 5.8× | 12.5% | 27.6% | 12.5% | 4.9% | 2.4% | 5.5× | 81 |
| POR | $5.4B | 16.3× | 8.8× | 1.5× | 4.0% | — | 8.6% | 7.4% | 3.5% | 4.1× | 105 |
| AQN | $4.2B | 25.1× | 12.8× | 1.8× | 4.9% | — | 7.4% | 3.9% | 1.5% | 8.1× | 37 |
| OTTR | $3.5B | 12.7× | 8.9× | 2.7× | -2.3% | — | 21.2% | 14.8% | 9.6% | 1.4× | 76 |
| WELPM | $3.5B | — | 4.4× | 0.8× | 12.9% | 66.6% | — | — | — | 2.5× | — |
Peers = companies sharing WELPM's sector (Electric Services) with collected SEC financials. Multiples use the most recent end-of-day close and latest fiscal-year fundamentals (trailing, not forward). Missing cells mean the peer never reported that line item, has no collected price, or has a non-positive denominator. Not investment advice.
Solve the discounted cash flow backwards, then stress-test the assumptions.
This company doesn't have positive free cash flow on any basis, so a reverse DCF can't be run.
What the company returns to shareholders — and whether it's covered by cash.
No dividend to cover. Last year: $0 dividends + $0 buybacks = $0 returned on -$1.62B FCF.
Yields use the latest fiscal-year dividends/buybacks over current market cap. Dividends and buybacks from the SEC cash-flow statement; payout coverage vs net income and free cash flow. Educational — not a recommendation.
How management deployed cash over 10 years — and what it earned on reinvestment.
A reinvestment story — most cash went back into growth rather than to shareholders.
Modest payoff on reinvested capital. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 10 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
EOD close · as of 2026-11-03
Where each multiple sits in its own 14-yr range · 31th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 14-yr history.
Is the profit real, and how strong is the balance sheet?
FY2025 · every deduction from revenue to net income
DuPont — the three levers
ROIC is not available for this period, so the share of ROE attributable to leverage cannot be separated out.
What the company owes vs. what it holds
This shows debt/cash structure and net leverage. The year-by-year maturity schedule is on the Debt & Leverage tab.
Latest year: profit growth vs revenue growth
Low operating leverage — profit tracks sales closely (stable, less cyclical).
Each line as % of revenue — the trend in color
| % of revenue | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Cost of Revenue | 34.8 | 34.1 | 31.9 | 36.6 | 41.6 | 35.9 | 32.7 | 33.4 |
| Operating Income | 11.1 | 21.7 | 25.6 | 23.7 | 23.1 | 25.3 | 26.7 | 26.1 |
| Income Tax | -1.6 | -1.7 | 1.3 | 1.6 | 3.3 | 3.5 | 3.4 | 2.6 |
| Net Income | 9.9 | — | — | — | — | — | — | — |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on WELPM: price, valuation and headline fundamentals from SEC filings. The four questions at the top of the page are where the judgements live.
How much the company owes, how it's trended, and how comfortably it's serviced.
Cash of $0 is below the $9.3M due within a year — relies on refinancing or operating cash flow. Scheduled principal only (excludes interest & revolver draws). As of 2025-12-31 (10-K).
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Coverage is adequate but not comfortable. Effective rate ~10.8% on $4.53B of debt.
Cash of $0 is below short-term debt of $9.3M — relies on refinancing/operations.
Mostly long-term debt (balance-sheet current vs non-current split). See the maturity ladder above for the year-by-year repayment schedule.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Maturity ladder from the SEC long-term-debt repayment schedule. Educational — not a recommendation.
Earns -1.81pts against its cost of capital — capital is being consumed, not created.
| Period | ROIC | Cost of capital | Spread |
|---|---|---|---|
| FY2019 | 6.6% | 8.1% (today's — no rate published for this year) | -1.4pts |
| FY2020 | 7.4% | 8.1% (today's — no rate published for this year) | -0.6pts |
| FY2021 | 7.2% | 5.7% | 1.5pts |
| FY2022 | 7.3% | 7.2% | 0.1pts |
| FY2023 | 7.3% | 7.2% | 0.1pts |
| FY2024 | 6.9% | 7.8% | -0.9pts |
| FY2025 | 6.6% | 7.4% | -0.8pts |
| Fiscal year | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| FY2016 | 65.9% | 16.7% | 9.6% |
| FY2017 | 65.3% | 17.0% | 9.1% |
| FY2018 | 65.2% | 11.1% | 9.9% |
| FY2019 | 65.9% | 21.7% | not reported |
| FY2020 | 68.1% | 25.6% | not reported |
| FY2021 | 63.4% | 23.7% | not reported |
| FY2022 | 58.4% | 23.1% | not reported |
| FY2023 | 64.1% | 25.3% | not reported |
| FY2024 | 67.3% | 26.7% | not reported |
| FY2025 | 66.6% | 26.1% | not reported |
The spread is -1.81pts and would invert under a ±2% move in WACC, so the verdict rests on the cost-of-capital assumption rather than on the business.
Fewer than three profitable years with a cash flow statement, so cash conversion cannot be judged.
No material counter-signal in the checked set: FCF / net income over 3 and 5 years, Sloan accruals, SBC as a share of revenue, SBC as a share of operating cash flow, SBC-adjusted free cash flow, free cash flow per diluted share, buybacks against SBC issued, capex vs depreciation, free cash flow against revenue, share count since the first year on file, cash conversion cycle (DSO, DIO, DPO), receivables growth against revenue growth.
Missing from our data, so excluded from this answer: 3 years of cash flow.
Stressed coverage of 1.7x sits between comfortable and thin.
| EBITDA decline | Interest coverage |
|---|---|
| 0% | 2.39x |
| 5% | 2.27x |
| 10% | 2.15x |
| 15% | 2.03x |
| 20% | 1.91x |
| 25% | 1.79x |
| 30% | 1.67x |
| 35% | 1.55x |
| 40% | 1.43x |
| 45% | 1.31x |
| 50% | 1.19x |
| 55% | 1.07x |
| 60% | 0.95x |
Ladder as of 2025-12-31 (10-K); cash from the 2025-12-31 balance sheet; FCF from FY2025. Free cash flow is negative, so projected resources fall rather than accumulate.
Balance sheet at 2025-12-31. Undrawn revolving credit is not shown: the tag is collected but not yet mapped through to the API.
Free cash flow is negative, so debt service depends on the cash balance rather than on the business.
No positive free cash flow to discount, so the price cannot be expressed as a growth requirement.
The percentile ranks the FISCAL-YEAR point, because the distribution behind each strip is built from fiscal-year closes — ranking a TTM figure inside it would compare two different bases. TTM basis: TTM.
No material counter-signal in the checked set: reverse-DCF implied growth, historical FCF CAGR, per-year FCF growth distribution, reporting-basis breaks, discount rate used, free-cash-flow basis (stock comp charged?).
Missing from our data, so excluded from this answer: free_cash_flow.
EOD close · as of 2026-11-03
How a revenue dollar becomes profit — FY2025
Each value shows its share of revenue below it (common-size).
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.49B 100.0% | $3.98B 100.0% | $4.04B 100.0% | $4.07B 100.0% | $3.66B 100.0% | $3.37B 100.0% | $3.50B 100.0% | $3.63B 100.0% | $3.71B 100.0% | $3.79B 100.0% |
| Cost of Revenue | $1.50B 33.4% | $1.30B 32.7% | $1.45B 35.9% | $1.69B 41.6% | $1.34B 36.6% | $1.07B 31.9% | $1.19B 34.1% | $1.26B 34.8% | $1.29B 34.7% | $1.29B 34.1% |
| Operating Income | $1.17B 26.1% | $1.06B 26.7% | $1.02B 25.3% | $940.0M 23.1% | $868.7M 23.7% | $860.5M 25.6% | $760.2M 21.7% | $402.5M 11.1% | $632.1M 17.0% | $634.2M 16.7% |
| Interest Expense | $490.7M 10.9% | $489.4M 12.3% | $466.5M 11.5% | $458.4M 11.3% | $460.3M 12.6% | $467.5M 13.9% | $477.4M 13.7% | $120.1M 3.3% | $117.3M 3.2% | $117.6M 3.1% |
| Interest & Investment Income | $2.9M 0.1% | $9.8M 0.2% | $1.1M 0.0% | $100K 0.0% | — | — | — | — | — | — |
| Other Income (Expense), net | -$427.8M -9.5% | -$410.4M -10.3% | -$397.7M -9.8% | -$409.0M -10.0% | -$428.2M -11.7% | -$449.0M -13.3% | -$454.7M -13.0% | -$99.9M -2.8% | -$104.1M -2.8% | -$57.7M -1.5% |
| Pretax Income | $743.0M 16.5% | $650.8M 16.4% | $624.5M 15.4% | $531.0M 13.0% | $440.5M 12.0% | $411.5M 12.2% | $305.5M 8.7% | $302.6M 8.3% | $528.0M 14.2% | $576.5M 15.2% |
| Income Tax Expense | $115.0M 2.6% | $136.4M 3.4% | $142.7M 3.5% | $133.1M 3.3% | $58.1M 1.6% | $44.7M 1.3% | -$57.8M -1.7% | -$56.9M -1.6% | $191.2M 5.2% | $211.0M 5.6% |
| Net Income | — | — | — | — | — | — | — | $359.5M 9.9% | $336.8M 9.1% | $365.5M 9.6% |
Source: SEC EDGAR XBRL filings (annual, fiscal year). Quarterly flow items are derived from cumulative filings; balance-sheet figures are as-of each period end. Ratios and margins are computed, not reported.