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No institutional (13F) filings cover this company, so the Overview and 13F tabs are thin. Everything drawn from its SEC filings is here.
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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.
Insufficient data. Current ROIC on all capital: 11%. 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.
What the company returns to shareholders — and whether it's covered by cash.
The dividend is comfortably covered — only 20% of free cash flow, leaving room to grow it and fund buybacks. Last year: $169.4M dividends + $0 buybacks = $169.4M returned on $860.4M FCF.
8 consecutive years of dividend increases · 14%/yr.
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.
EOD close · as of 2026-10-21
How a revenue dollar becomes profit — FY2025
Dividends and buybacks are cash paid out, shown here against the same year's profit for scale — not funded from it.
Each value shows its share of revenue below it (common-size).
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $265.6M 100.0% | $250.7M 100.0% | $220.4M 100.0% | $217.7M 100.0% | $207.2M 100.0% | $170.1M 100.0% | $161.5M 100.0% | $152.5M 100.0% | $139.0M 100.0% | — |
| Interest Expense | $1.50B 566.2% | $1.52B 604.2% | $1.06B 478.7% | $252.1M 115.8% | $150.5M 72.7% | $253.1M 148.8% | $330.2M 204.5% | $205.9M 135.0% | $114.4M 82.3% | $90.3M |
| Pretax Income | $1.12B 421.0% | $947.1M 377.7% | $845.1M 383.4% | $700.6M 321.8% | $637.8M 307.9% | $389.8M 229.1% | $480.1M 297.3% | $460.1M 301.7% | $390.0M 280.6% | $331.9M |
| Income Tax Expense | $294.6M 110.9% | $252.0M 100.5% | $222.5M 100.9% | $190.9M 87.7% | $171.6M 82.9% | $96.8M 56.9% | $124.4M 77.0% | $117.0M 76.7% | $132.3M 95.2% | $125.0M |
| Net Income | $824.0M 310.2% | $695.0M 277.2% | $623.0M 282.6% | $510.0M 234.2% | $466.0M 224.9% | $293.0M 172.2% | $355.7M 220.3% | $343.2M 225.0% | $257.7M 185.4% | $206.9M |
| Per Share | ||||||||||
| EPS (Basic) | $11.57 | $10.47 | $9.72 | $8.14 | $7.69 | $4.72 | $6.11 | $5.95 | $4.53 | $3.83 |
| EPS (Diluted) | $11.40 | $10.31 | $9.58 | $8.02 | $7.58 | $4.68 | $6.03 | $5.86 | $4.40 | $3.66 |
| Weighted Avg Shares (Basic) | 66.9M | 63.7M | 61.1M | 59.2M | 57.0M | 57.5M | 56.9M | 56.3M | 54.7M | 50.3M |
| Weighted Avg Shares (Diluted) | 67.9M | 64.7M | 62.1M | 60.1M | 57.8M | 58.0M | 57.6M | 57.2M | 56.7M | 54.3M |
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.
Solve the discounted cash flow backwards, then stress-test the assumptions.
The same 3 years as the 3-yr average, with the stock compensation of those years charged as a cost. Shares issued to employees are real dilution, so this asks what the business generates for existing holders.
To be worth $147.36 today, the market must believe free cash flow compounds 3.2%/yr for a decade (off $693.6M on the SBC-adjusted basis).
On the basis ($731.3M) the requirement is 2.4%/yr. The difference is what charging stock compensation costs.
The market's 3.2% is more conservative than its 9-yr track record.
Default is the published 10.0% — this company's own cost of capital could not be computed.
2-stage DCF · 0.07B shares (market data) · net debt $0
mean -57.8% · volatility σ 155% · implied rate exceeded in 3/8 yrs
Central path = implied 3.2%/yr growth; shaded band = ±1σ (155%) of this company's historical FCF volatility, widening with time. The wider the band, the less certain the growth.
Reverse DCF: rather than guessing a fair value, we solve for the growth the current price implies, then you stress-test the assumptions. Enterprise value of the FCF stream, less net debt, ÷ shares. Educational — not a recommendation.
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.
How much the company owes, how it's trended, and how comfortably it's serviced.
Insufficient EBITDA/debt history.
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Interest expense isn't separately reported — often netted into “other income (expense), net.”
Cash vs short-term debt unavailable.
Short-term / long-term split not separately reported.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Educational — not a recommendation.
EOD close · as of 2026-10-21
Where each multiple sits in its own 14-yr range · 81th 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
ROE 11% against ROIC 11% — 0% of the return on equity comes from leverage and buybacks rather than from the operating business.
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
Operating leverage needs meaningful revenue change.
Each line as % of revenue — the trend in color
| % of revenue | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Income Tax | 76.7 | 77.0 | 56.9 | 82.9 | 87.7 | 100.9 | 100.5 | 110.9 |
| Net Income | 225.0 | 220.3 | 172.2 | 224.9 | 234.2 | 282.6 | 277.2 | 310.2 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on WTFC: price, valuation and headline fundamentals from SEC filings. The four questions at the top of the page are where the judgements live.
Cash conversion and accruals. The full answer — share-based compensation, the cash conversion waterfall, working-capital trend — is still being built, so this block states what it measures rather than issuing a verdict.
One year is not a trend. The spec asks for a 3- and 5-year average of FCF/net income precisely because a single year turns on working-capital timing, and that arrives with the full Q2 block.