📊 WEX Key Takeaways
Is WEX Inc. (WEX) a Good Investment?
WEX exhibits strong 44% revenue growth and positive operating margins, but critical operational challenges undermine financial health: operating cash flow is deeply negative at -$330.8M despite $77.7M net income, creating unsustainable cash burn. High leverage (2.83x D/E) combined with 1.2x interest coverage leaves minimal margin for error in servicing $3.6B debt.
WEX Inc. Key Strengths (WEX)
- Strong revenue growth of 44.2% YoY demonstrates market demand
- Healthy operating margin of 23.5% shows operational efficiency at scale
- Adequate liquidity position with $633.5M in cash and 1.05x current ratio
WEX Stock Risks: WEX Inc. Investment Risks
- Negative operating cash flow of -$330.8M despite positive net income signals quality of earnings concerns and underlying operational stress
- Critically weak interest coverage of 1.2x leaves almost no buffer to absorb operational disruptions or economic downturns
- High financial leverage (2.83x D/E) combined with negative FCF creates unsustainable debt structure; company burning $368M in free cash annually
Key Metrics to Watch
- Operating cash flow trend - must return to positive to validate earnings quality
- Interest coverage ratio - needs to improve above 2.5x to reduce financial risk
- Debt/Equity ratio - monitor deleveraging progress and debt paydown capacity
WEX Inc. (WEX) Financial Metrics & Key Ratios
💡 AI Analyst Insight
WEX Inc. presents a mixed fundamental picture. Review the detailed metrics above to form your own investment thesis.
WEX Profit Margin, ROE & Profitability Analysis
WEX vs Services Sector: How WEX Inc. Compares
How WEX Inc. compares to Services sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is WEX Inc. Stock Overvalued? WEX Valuation Analysis 2026
Based on fundamental analysis, WEX Inc. shows some fundamental concerns relative to the Services sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
WEX Inc. Balance Sheet: WEX Debt, Cash & Liquidity
WEX Revenue & Earnings Growth: 5-Year Financial Trend
5-Year Trend Summary: WEX Inc.'s revenue has grown significantly by 39% over the 5-year period, indicating strong business expansion. The most recent EPS of $6.16 reflects profitable operations.
WEX Revenue Growth, EPS Growth & YoY Performance
WEX Quarterly Earnings & Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q1 2026 | $444.3M | $71.5M | $1.81 |
| Q3 2025 | $479.0M | $65.8M | $2.30 |
| Q2 2025 | $454.4M | $65.8M | $1.83 |
| Q1 2025 | $444.3M | $65.8M | $1.55 |
| Q3 2024 | $469.3M | $18.4M | $0.42 |
| Q2 2024 | $444.5M | $65.8M | $1.83 |
| Q1 2024 | $444.0M | $65.8M | $1.55 |
| Q3 2023 | $439.4M | $18.4M | $0.42 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
WEX Inc. Dividends, Buybacks & Capital Allocation
WEX SEC Filings: Latest 10-K & 10-Q Analysis
Access official SEC EDGAR filings for WEX Inc. (CIK: 0001309108)
📋 Recent SEC Filings
| Date | Form | Document | Action |
|---|---|---|---|
| Jun 1, 2026 | 4 | xslF345X06/wk-form4_1780354643.xml | View → |
| May 20, 2026 | 4 | xslF345X06/wk-form4_1779314055.xml | View → |
| May 18, 2026 | 4 | xslF345X06/form412236009_05182026.xml | View → |
| May 18, 2026 | 4 | xslF345X06/wk-form4_1779141974.xml | View → |
| May 18, 2026 | 4 | xslF345X06/wk-form4_1779141815.xml | View → |
❓ Frequently Asked Questions about WEX
What is the AI rating for WEX?
WEX Inc. (WEX) has an AI grade of C with 78% confidence, based on fundamental analysis of SEC EDGAR filings.
What are WEX's key strengths?
Claude: Strong revenue growth of 44.2% YoY demonstrates market demand. Healthy operating margin of 23.5% shows operational efficiency at scale.
What are the risks of investing in WEX?
Claude: Negative operating cash flow of -$330.8M despite positive net income signals quality of earnings concerns and underlying operational stress. Critically weak interest coverage of 1.2x leaves almost no buffer to absorb operational disruptions or economic downturns.
What is WEX's revenue and growth?
WEX Inc. reported revenue of $673.8M.
Does WEX pay dividends?
WEX Inc. does not currently pay dividends.
Where can I find WEX SEC filings?
Official SEC filings for WEX Inc. (CIK: 0001309108) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is WEX's EPS?
WEX Inc. has a diluted EPS of $2.22.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined grade reflects both perspectives for balanced insights.
What is WEX's fundamental grade?
Based on our AI fundamental analysis in June 2026, WEX Inc. has a C grade with 78% confidence. Review the strengths and risks sections above for full context. This is not investment advice.
Is WEX stock overvalued or undervalued?
Valuation metrics for WEX: ROE of 6.1% (sector avg: 16%), net margin of 11.5% (sector avg: 10%). Compare these metrics with sector averages to assess valuation.
What is WEX's AI grade for 2026?
Our dual AI analysis gives WEX Inc. a combined C grade for 2026. Revenue is data pending, with profitability above sector average. Always conduct your own research.
What is WEX's free cash flow?
WEX Inc.'s operating cash flow is $-330.8M, with capital expenditures of $37.5M. FCF margin is -54.7%.
How does WEX compare to other Services stocks?
Vs Services sector averages: Net margin 11.5% (avg: 10%), ROE 6.1% (avg: 16%), current ratio 1.05 (avg: 1.5).
Is WEX Inc. carrying too much debt?
WEX has a debt-to-equity ratio of 2.83x, which is above the Services sector average of 0.7x. However, the current ratio of 1.05 suggests adequate short-term liquidity.