WEX - WEX Inc.

📈 Is growth accelerating? 7 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Jan 1, 2021 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
Revenue Growth YoY (%)	1.2% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-75%)	3.1% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-37%)	8.4% Fair ↓ Fair Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+68%)	27.0% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+440%)	18.6% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+273%)	-9.5% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-290%)	15.5% Good ↓ Good Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+210%)	19.5% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+291%)	22.6% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+352%)	19.2% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+283%)	4.5% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-10%)	14.0% Good ↓ Good Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+179%)	15.1% Good ↓ Good Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+203%)	12.7% Good ↓ Good Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+153%)	41.7% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+733%)	23.9% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+377%)	-18.8% Weak Weak Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-476%)	—	—
EPS Growth YoY (%)	12.9% Fair ↓ Fair Declining Year-over-year change in earnings per share Optimal: > 10%	21.8% Good ↓ Good Declining Year-over-year change in earnings per share Optimal: > 10%	37.2% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	—	100.0% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	N/M	-41.3% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	4.8% Caution ↓ Caution Declining Year-over-year change in earnings per share Optimal: > 10%	149.7% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-43.3% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	-49.4% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	35.8% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	53.2% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-27.5% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	51.3% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-37.5% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	11.3% Fair Fair Year-over-year change in earnings per share Optimal: > 10%	—	—
Net Income Growth YoY (%)	-1.8% Weak ↓ Weak Declining Year-over-year change in net income	16.1% Good ↓ Good Declining Year-over-year change in net income	59.4% Excellent Excellent Year-over-year change in net income	23.6% Good Good Year-over-year change in net income	N/M	N/M	-7.1% Weak ↓ Weak Declining Year-over-year change in net income	5.9% Fair ↓ Fair Declining Year-over-year change in net income	162.2% Excellent ↑ Excellent Improving Year-over-year change in net income	-45.5% Weak ↓ Weak Declining Year-over-year change in net income	-45.0% Weak ↓ Weak Declining Year-over-year change in net income	35.5% Excellent ↑ Excellent Improving Year-over-year change in net income	53.9% Excellent ↑ Excellent Improving Year-over-year change in net income	-27.5% Weak ↓ Weak Declining Year-over-year change in net income	52.5% Excellent ↑ Excellent Improving Year-over-year change in net income	-37.3% Weak Weak Year-over-year change in net income	9.4% Fair Fair Year-over-year change in net income	—	—
FCF Growth YoY (%)	7.9% Fair ↓ Fair Declining Year-over-year change in free cash flow	-54.1% Weak ↓ Weak Declining Year-over-year change in free cash flow	40.0% Excellent ↓ Excellent Declining Year-over-year change in free cash flow	786.6% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	-91.9% Weak ↓ Weak Declining Year-over-year change in free cash flow	36.9% Excellent ↓ Excellent Declining Year-over-year change in free cash flow	78.3% Excellent Excellent Year-over-year change in free cash flow	455.3% Excellent Excellent Year-over-year change in free cash flow	N/M	N/M	60.6% Excellent ↓ Excellent Declining Year-over-year change in free cash flow	248465.7% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	-99.8% Weak ↓ Weak Declining Year-over-year change in free cash flow	67.5% Excellent Excellent Year-over-year change in free cash flow	N/M	23.0% Good Good Year-over-year change in free cash flow	N/M	—	—
Revenue CAGR 3Y (%)	4.2% Caution ↓ Caution Declining Compound annual revenue growth over 3 years	12.4% Good → Good Stable Compound annual revenue growth over 3 years	17.8% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	10.9% Good → Good Stable Compound annual revenue growth over 3 years	7.4% Fair ↓ Fair Declining Compound annual revenue growth over 3 years	7.7% Fair ↓ Fair Declining Compound annual revenue growth over 3 years	19.2% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	20.4% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	15.2% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	12.4% Good ↓ Good Declining Compound annual revenue growth over 3 years	11.1% Good ↓ Good Declining Compound annual revenue growth over 3 years	13.9% Good ↓ Good Declining Compound annual revenue growth over 3 years	22.5% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	25.5% Excellent Excellent Compound annual revenue growth over 3 years	12.5% Good Good Compound annual revenue growth over 3 years	—	—	—	—
Revenue CAGR 5Y (%)	11.3% Good → Good Stable Compound annual revenue growth over 5 years	8.8% Good ↓ Good Declining Compound annual revenue growth over 5 years	11.3% Good ↓ Good Declining Compound annual revenue growth over 5 years	13.5% Excellent → Excellent Stable Compound annual revenue growth over 5 years	12.7% Excellent ↓ Excellent Declining Compound annual revenue growth over 5 years	12.8% Excellent ↓ Excellent Declining Compound annual revenue growth over 5 years	16.1% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	15.8% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	14.9% Excellent ↓ Excellent Declining Compound annual revenue growth over 5 years	13.0% Excellent ↓ Excellent Declining Compound annual revenue growth over 5 years	17.0% Excellent → Excellent Stable Compound annual revenue growth over 5 years	21.0% Excellent Excellent Compound annual revenue growth over 5 years	13.1% Excellent Excellent Compound annual revenue growth over 5 years	—	—	—	—	—	—
EPS CAGR 3Y (%)	23.6% Excellent Excellent Compound annual EPS growth over 3 years	—	—	25.6% Excellent Excellent Compound annual EPS growth over 3 years	—	—	15.4% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	14.0% Good ↑ Good Improving Compound annual EPS growth over 3 years	-10.6% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	-27.0% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	1.7% Caution ↓ Caution Declining Compound annual EPS growth over 3 years	14.7% Good ↑ Good Improving Compound annual EPS growth over 3 years	18.9% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	-11.9% Weak Weak Compound annual EPS growth over 3 years	1.7% Caution Caution Compound annual EPS growth over 3 years	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Jan 1, 2021 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
Operating Margin (%) (%)	25.0% Good → Good Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+108%)	26.1% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+118%)	25.4% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+112%)	20.0% Good ↑ Good Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+67%)	18.5% Good ↑ Good Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+54%)	-5.9% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-149%)	22.4% Good ↑ Good Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+87%)	25.5% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+113%)	18.7% Good ↓ Good Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+56%)	19.2% Good ↓ Good Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+60%)	26.8% Excellent ↓ Excellent Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+123%)	37.5% Excellent → Excellent Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+212%)	38.6% Excellent → Excellent Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+221%)	35.6% Excellent ↓ Excellent Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+196%)	42.2% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+252%)	38.6% Excellent → Excellent Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+222%)	37.5% Excellent Excellent Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+212%)	41.6% Excellent Excellent Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+247%)	—
Effective Tax Rate (%) (%)	27.6% Caution ↓ Caution Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	25.9% Caution ↓ Caution Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	27.7% Caution ↑ Caution Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	35.7% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	33.2% Weak Weak Actual taxes paid relative to pre-tax income Optimal: 15-25%	6.8% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	—	—	—	—	—	—	—	—	—	—	—	—	—
Profit Margin (%) (%)	11.4% Fair ↑ Fair Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+43%)	11.8% Fair ↑ Fair Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+47%)	10.5% Fair ↑ Fair Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+31%)	7.1% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-11%)	7.3% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-9%)	-18.2% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-328%)	9.1% Caution ↓ Caution Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+13%)	11.3% Fair ↑ Fair Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+41%)	12.7% Fair ↓ Fair Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+59%)	6.0% Caution ↓ Caution Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-26%)	13.0% Fair ↓ Fair Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+63%)	24.7% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+209%)	20.8% Excellent → Excellent Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+160%)	15.6% Good ↓ Good Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+94%)	24.2% Excellent ↓ Excellent Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+202%)	22.4% Excellent ↓ Excellent Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+181%)	44.3% Excellent Excellent Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+454%)	32.9% Excellent Excellent Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+311%)	—
FCF Margin (%) (%)	11.8% Fair ↓ Fair Declining Free cash flow as a percentage of revenue Optimal: > 10%	12.7% Fair ↓ Fair Declining Free cash flow as a percentage of revenue Optimal: > 10%	30.0% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	24.1% Excellent ↓ Excellent Declining Free cash flow as a percentage of revenue Optimal: > 10%	3.5% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	49.8% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	32.5% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	21.0% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	4.5% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	-20.9% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	44.7% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	29.1% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	0.0% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	7.0% Caution ↑ Caution Improving Free cash flow as a percentage of revenue Optimal: > 10%	4.7% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	-10.1% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	-16.2% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	83.2% Excellent Excellent Free cash flow as a percentage of revenue Optimal: > 10%	—
FCF / Net Income (x)	1.03x Fair ↓ Fair Declining Free cash flow relative to reported net income Optimal: > 1x	1.08x Fair ↓ Fair Declining Free cash flow relative to reported net income Optimal: > 1x	2.87x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	3.39x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	0.48x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	-2.73x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	3.58x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	1.86x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	0.35x Weak → Weak Stable Free cash flow relative to reported net income Optimal: > 1x	-3.51x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	3.43x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	1.18x Fair ↑ Fair Improving Free cash flow relative to reported net income Optimal: > 1x	0.00x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.45x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	0.19x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	-0.45x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	-0.37x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	2.53x Excellent Excellent Free cash flow relative to reported net income Optimal: > 1x	—

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Jan 1, 2021 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
Return on Invested Capital (%)	10.1% Good ↑ Good Improving Return earned on debt + equity capital invested Optimal: > 10%	11.1% Good ↑ Good Improving Return earned on debt + equity capital invested Optimal: > 10%	10.1% Good ↑ Good Improving Return earned on debt + equity capital invested Optimal: > 10%	7.2% Fair ↑ Fair Improving Return earned on debt + equity capital invested Optimal: > 10%	5.0% Caution ↑ Caution Improving Return earned on debt + equity capital invested Optimal: > 10%	-1.8% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	6.6% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	7.7% Fair → Fair Stable Return earned on debt + equity capital invested Optimal: > 10%	5.1% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	10.3% Good → Good Stable Return earned on debt + equity capital invested Optimal: > 10%	8.3% Fair ↓ Fair Declining Return earned on debt + equity capital invested Optimal: > 10%	10.2% Good ↓ Good Declining Return earned on debt + equity capital invested Optimal: > 10%	13.8% Good ↓ Good Declining Return earned on debt + equity capital invested Optimal: > 10%	12.2% Good ↓ Good Declining Return earned on debt + equity capital invested Optimal: > 10%	26.0% Excellent ↓ Excellent Declining Return earned on debt + equity capital invested Optimal: > 10%	21.3% Excellent ↓ Excellent Declining Return earned on debt + equity capital invested Optimal: > 10%	21.2% Excellent Excellent Return earned on debt + equity capital invested Optimal: > 10%	43.3% Excellent Excellent Return earned on debt + equity capital invested Optimal: > 10%	—
Return on Capital (%) (%)	4.6% Caution → Caution Stable Operating profit relative to total assets Optimal: > 10%	5.2% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	4.7% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	4.1% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	3.3% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-1.1% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	4.6% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	5.6% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	3.5% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	3.3% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	5.9% Caution ↓ Caution Declining Operating profit relative to total assets Optimal: > 10%	7.4% Fair ↓ Fair Declining Operating profit relative to total assets Optimal: > 10%	8.1% Fair ↓ Fair Declining Operating profit relative to total assets Optimal: > 10%	7.1% Fair ↓ Fair Declining Operating profit relative to total assets Optimal: > 10%	10.2% Good Good Operating profit relative to total assets Optimal: > 10%	—	7.9% Fair Fair Operating profit relative to total assets Optimal: > 10%	—	—
Return on Common Equity (%) (%)	24.6% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+64%)	20.8% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+39%)	14.6% Fair ↑ Fair Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: At sector avg	10.1% Fair ↑ Fair Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-32%)	7.4% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-51%)	-14.9% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-199%)	8.1% Caution → Caution Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-46%)	9.4% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-37%)	9.8% Caution ↓ Caution Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-35%)	4.1% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-73%)	10.2% Fair ↓ Fair Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-32%)	18.8% Good ↑ Good Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+25%)	16.5% Good ↑ Good Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+10%)	11.8% Fair ↓ Fair Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-21%)	18.8% Good ↓ Good Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+26%)	15.7% Good ↓ Good Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: At sector avg	31.6% Excellent Excellent Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+111%)	43.3% Excellent Excellent Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+189%)	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Jan 1, 2021 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
Debt to Equity (x)	3.94x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+462%)	2.94x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+320%)	2.12x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+204%)	1.65x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+136%)	1.47x Caution ↑ Caution Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+109%)	1.51x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+116%)	1.39x Caution ↑ Caution Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+99%)	1.20x Caution ↑ Caution Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+71%)	1.25x Caution ↑ Caution Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+79%)	—	0.98x Fair ↑ Fair Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+39%)	1.21x Caution ↑ Caution Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+73%)	0.76x Fair Fair Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+8%)	0.76x Fair Fair Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+8%)	—	—	—	—	—
Interest Coverage (x)	1.99x Caution ↓ Caution Declining Operating income divided by interest expense Optimal: > 5x	2.09x Caution ↓ Caution Declining Operating income divided by interest expense Optimal: > 5x	2.61x Caution ↑ Caution Improving Operating income divided by interest expense Optimal: > 5x	3.63x Fair → Fair Stable Operating income divided by interest expense Optimal: > 5x	2.66x Caution ↓ Caution Declining Operating income divided by interest expense Optimal: > 5x	-0.58x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	9.21x Good → Good Stable Operating income divided by interest expense Optimal: > 5x	9.91x Good ↓ Good Declining Operating income divided by interest expense Optimal: > 5x	1.81x Caution ↓ Caution Declining Operating income divided by interest expense Optimal: > 5x	15.75x Excellent ↓ Excellent Declining Operating income divided by interest expense Optimal: > 5x	40.65x Excellent ↓ Excellent Declining Operating income divided by interest expense Optimal: > 5x	47.57x Excellent ↓ Excellent Declining Operating income divided by interest expense Optimal: > 5x	64.55x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	44.41x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	42.79x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	28.06x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	11.52x Excellent Excellent Operating income divided by interest expense Optimal: > 5x	5.46x Good Good Operating income divided by interest expense Optimal: > 5x	—
Net Debt (USD)	$3.95B	$3.78B	$2.89B	$1.80B	$2.11B	$2.02B	$1.88B	$1.59B	$1.52B	$-190.93M	$789.77M	$1.02B	$323.51M	$423.34M	$-25.79M	$-18.05M	$-39.30M	$-183.12M	$-43.02M
Debt / EBITDA (x)	4.88x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	4.34x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	4.19x Weak ↓ Weak Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	3.71x Caution ↓ Caution Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	4.39x Weak ↓ Weak Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	16.88x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	4.31x Weak → Weak Stable Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	3.68x Caution ↓ Caution Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	4.64x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	3.40x Caution ↑ Caution Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	3.43x Caution ↑ Caution Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.03x Fair Fair Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.28x Fair Fair Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—	—	—	—

📊 What does each share earn? 6 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Jan 1, 2021 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
Revenue per Share (USD)	$74.95	$64.41	$59.53	$52.94	$41.38	$35.58	$39.79	$34.59	$29.05	$24.96	$22.04	$21.02	$18.42	$16.04	$14.30	$10.14	$8.23	$9.98	—
Basic EPS, GAAP (USD)	$8.57	$7.59	$6.23	$4.54	$0.00	$-5.56	$2.29	$3.90	$3.72	$1.49	$2.63	$5.20	$3.83	$2.50	$3.45	$2.28	$3.65	$3.28	—
Free Cash Flow per Share (USD)	$8.84	$8.19	$17.86	$12.76	$1.44	$17.71	$12.94	$7.25	$1.31	$-5.22	$9.84	$6.13	$0.00	$1.13	$0.67	$-1.03	$-1.33	$8.31	—
Book Value per Share (USD)	$35.99	$38.17	$43.45	$38.18	$41.02	$43.11	$44.48	$41.40	$37.68	$34.95	$28.28	$27.71	$23.17	$21.02	$18.30	$14.52	$11.55	$7.58	—
Tangible Book Value per Share (USD)	$-83.64	$-70.63	$-63.34	$-59.10	$-60.51	$-52.85	$-48.23	$-25.06	$-32.76	$-37.50	$-12.59	$-13.80	$-3.16	$-6.99	$1.29	$-2.67	$2.39	$7.58	—
Basic Weighted Avg Shares (shares)	35.50M	40.80M	42.80M	44.40M	44.72M	43.84M	43.32M	43.16M	42.98M	40.81M	38.77M	38.89M	38.95M	38.84M	38.69M	38.49M	38.30M	38.88M	—

🏦 How resilient is the balance sheet? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Jan 1, 2021 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
Working Capital (USD)	$426.40M	$188.20M	$416.10M	$523.00M	$899.81M	$761.99M	$792.43M	$1.09B	$630.20M	—	—	—	—	—	—	—	—	—	—
LT Debt (USD)	$3.53B	$3.08B	$2.83B	$2.52B	$2.70B	$2.87B	$2.69B	$2.13B	$2.03B	—	$1.07B	$1.30B	$685.00M	$621.00M	—	—	—	—	—
Total Equity (USD)	$1.23B	$1.49B	$1.82B	$1.65B	$1.84B	$1.90B	$1.93B	$1.79B	$1.62B	$1.50B	$1.10B	$1.08B	$903.30M	$817.93M	$709.32M	$559.01M	$441.32M	$294.66M	—

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Jan 1, 2021 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
Sales/Revenue/Turnover (USD)	$2.66B	$2.63B	$2.55B	$2.35B	$1.85B	$1.56B	$1.72B	$1.49B	$1.25B	$1.02B	$854.64M	$817.65M	$717.46M	$623.15M	$553.08M	$390.41M	$315.20M	$388.16M	—
Depreciation Expense (USD)	$331.10M	$321.30M	$276.20M	$263.90M	$272.64M	$261.93M	$237.13M	$199.81M	$203.72M	$141.65M	$86.17M	$73.02M	$60.56M	$50.27M	$48.11M	$31.50M	$22.56M	$20.59M	—
Net Income, GAAP (USD)	$304.10M	$309.60M	$266.60M	$167.20M	$135.29M	$-283.95M	$156.32M	$168.29M	$158.97M	$60.64M	$111.32M	$202.21M	$149.21M	$96.92M	$133.62M	$87.63M	$139.66M	$127.64M	—
Operating Cash Flow (USD)	$454.30M	$481.40M	$907.90M	$679.40M	$150.40M	$857.02M	$663.17M	$400.23M	$135.43M	$-151.13M	$445.10M	$296.41M	$39.55M	$71.81M	$51.17M	$-10.55M	$-33.17M	$339.18M	—

WEX Inc.

Analytical Summary

19-Year Financial Trajectory

Bullish Indicators

Bearish Risks

Health Breakdown

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