WEX Inc. common stock (WEX)

FairStock Score: 61/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I approach WEX as a payment-infrastructure business with a steady-growth profile. The filed numbers show fiscal Q2 2026, the quarter ended 2026-06-30, revenue of $513.3 million and net income of $108.5 million, versus revenue of $454.4 million and net income of $68.1 million in fiscal Q2 2025. That is solid profit growth. For the full fiscal year 2025, revenue was $1.8 billion and net income $304.1 million, with diluted EPS of $8.47, though that was slightly below fiscal 2024’s $1.9 billion revenue and $309.6 million net income. The Lynch category is STALWART: profit has compounded at 22.4% a year over four years, with revenue growth of 8.2%. The quality signals are mixed. FairStock’s ROE is 30.19%, which looks attractive, but ROCE is only 2.89% and D/E is 3.98, so leverage is doing much of the work. The Altman Z-Score of 0.58 is weak, and free cash flow is just $49.9 million, a 0.8% FCF yield. At the 2026-10-13 close of $174.71, FairStock’s P/E is 17.42, P/B is 4.46, PEG is 0.29, and EV/EBITDA is 9.72. The Graham Number is $94.06, leaving a margin of safety of -85.74%, meaning the price is far above a conservative asset-and-earnings anchor. A Piotroski F-Score of 6/9 and a FairStock Score of 61/100 support a mixed view. So WEX is a profitable, growing payment platform with a possible niche advantage, but the balance sheet and cash generation demand caution. I would want debt reduction and stronger free cash flow before calling the price comfortable.

In plain English: WEX runs payment and data systems, especially for vehicle fleets and business transactions. The company is profitable and earnings are growing, but it uses a lot of debt and generates little spare cash compared with its market value. At the recent price, the shares look expensive against the company’s accounting value and cash flow, though the earnings growth makes the picture mixed rather than clearly weak.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer