WEX Inc. logo WEX - WEX Inc.

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY
0
BUY 15
HOLD 17
SELL 0
STRONG
SELL
0
| PRICE TARGET: $177.67 DETAILS
HIGH: $220.00
LOW: $158.00
MEDIAN: $167.50
CONSENSUS: $177.67
UPSIDE: 18.01%
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001
Revenue
Revenue 2,660.8 2,628.2 2,548 2,350.6 1,850.6 1,559.9 1,723.7 1,492.6 1,248.6 1,012.5 854.6 817.6 717.5 623.2 553.1 390.4 315.2 393.6 336.1 291.2 241.3 189.1 156.9 126.6 122.2
Cost of Revenue 1,201.2 1,037.7 973.3 930.5 702.2 673.2 659.8 547.9 514.3 458.8 405.1 359.3 292.4 254.1 207.8 158.9 37.0 90.5 89.2 31.2 20.7 0 0 0 0
Gross Profit 1,459.6 1,590.5 1,574.7 1,420.1 1,148.4 886.7 1,063.9 944.7 734.3 553.7 449.5 458.4 425.0 369.1 345.3 231.5 278.2 303.1 246.9 260.0 220.6 0 0 0 0
Operating Expenses
R&D Expenses 0 0 0 0 74.2 0 0 0 0 0 0 0 0 0 0 0 9.3 8.5 8.7 7.8 8.6 0 0 0 0
SG&A Expenses 717.2 716.8 755.8 655.7 646 558.8 535.7 438.6 348.0 316.4 20.6 48.6 43.0 35.9 34.2 26.0 97.4 23.4 37.0 71.7 70.9 85.4 81.3 0 0
Other Expenses 66.4 187.4 171.8 294.6 86.2 419.6 142.4 125.5 152.9 78.8 200.1 103.5 105.3 111.5 77.8 54.7 53.4 109.7 49.1 45.4 34.5 7.4 7.3 126.6 88.7
Operating Expenses 783.6 904.2 927.6 950.3 806.4 978.4 678.1 564.1 500.9 395.2 220.7 152.1 148.3 147.4 112.0 80.8 160.1 141.7 94.8 124.9 114.0 92.8 88.6 126.6 88.7
Operating Income
Operating Income 676 686.3 647.1 469.8 342 (91.7) 385.8 380.6 233.4 158.5 228.8 306.2 276.7 221.6 233.3 150.7 118.2 161.4 152.1 135.1 106.6 96.3 68.4 126.6 33.4
Interest Expense 240.6 235.9 204.6 47.5 89.2 157.1 134.7 105.0 107.1 113.4 46.2 36.0 29.4 10.4 11.7 5.3 16.5 46.9 0 0 0 0 0 0 0
Interest Income 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 994.9 975 849.6 571.9 565.7 117.9 588.3 543.4 485.2 304.0 314.2 408.1 328.4 291.9 268.4 181.9 264.3 263.2 167.8 147.2 117.7 103.7 75.6 126.6 33.4
EBIT 663.8 653.7 573.4 308 293.1 (144.0) 351.2 343.6 281.5 162.3 231.1 337.7 267.8 216.6 220.3 150.4 241.7 242.6 152.1 135.1 106.6 96.3 68.4 126.6 33.4
Income Before Tax 420.2 417.8 368.8 260.5 203.9 (301.1) 216.5 238.6 174.4 48.9 184.9 301.6 238.4 206.2 208.6 145.1 225.2 195.8 163.1 116.5 27.9 84.2 56.9 40.1 0
Income Tax Expense 116.1 108.2 102.2 93.1 67.8 (20.6) 61.2 68.8 15.4 28.6 75.3 101.6 90.1 109.5 75.0 57.5 85.6 68.1 111.6 41.9 9.2 32.9 22.3 15.7 0
Net Income 304.1 309.6 266.6 201.4 0.1 (243.6) 99.0 168.3 160.1 23.5 101.9 202.2 149.2 96.9 133.6 87.6 139.7 127.6 51.6 74.6 18.7 51.2 34.6 24.4 18.7
Per Share Data
EPS (Basic) 8.57 7.59 6.23 4.54 0.00 -6.40 3.59 3.90 3.73 1.49 2.63 5.20 3.83 2.50 3.45 2.28 3.65 3.28 1.29 1.85 0.46 1.27 0.86 0.61 0.47
EPS (Diluted) 8.47 7.50 6.16 4.50 0.00 -6.40 3.55 3.86 3.73 1.48 2.62 5.18 3.82 2.48 3.43 2.25 3.55 3.22 1.27 1.81 0.46 1.27 0.86 0.61 0.47
Shares Outstanding 35.5 40.8 42.8 44.4 44.7 43.8 43.3 43.2 43.0 40.8 38.8 38.9 38.9 38.8 38.7 38.5 38.3 38.9 40.0 40.4 40.2 40.2 40.2 40 39.9
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2009 2008 2004 2003 2001
Current Assets
Cash & Cash Equivalents 905.8 595.8 975.8 1,859.7 1,256.8 1,329.7 981.4 541.5 508.1 190.9 39.3 183.1 31.8 22.1 0
Short-Term Investments 4,332.9 3,764.7 3,022.1 1,397.8 948.7 0 0 0 23.4 23.5 10.6 0 17.8 17.6 0
Net Receivables 3,486.3 3,008.6 3,569.4 3,441.8 3,025.4 2,092.1 2,777.9 2,584.2 2,455.9 2,054.7 844.2 710.1 581.4 302.3 0
Inventory 0 0 0 0 0 0 0 123.4 0 (11.7) 0 12.5 0 0 0
Other Current Assets 988 1,146.4 1,368 117.9 68.6 81.1 83.1 123.4 150.2 97.4 6.2 49.3 0 63.1 0
Total Current Assets 9,713 8,515.5 8,935.3 6,817.1 5,299.5 3,502.8 3,842.4 3,398.1 3,209.5 2,366.6 900.2 955.1 630.9 405.1 0
Non-Current Assets
Property, Plant & Equipment 253.7 261.2 304.7 269.1 259.0 273.4 280.8 187.9 163.9 167.3 45.0 44.9 37.5 36.1 0
Goodwill 3,015.3 2,983.4 3,015.7 2,728.9 2,908.1 2,688.1 2,441.2 1,832.1 1,876.1 1,838.4 315.2 315.2 0 0 0
Intangible Assets 1,088.2 1,260 1,458.7 1,473.6 1,643.3 1,552.0 1,575.0 1,034.2 1,154.0 1,265.5 34.8 39.9 137.5 137.5 0
Long-Term Investments 94.2 80.5 66.8 131.2 80.4 57.2 51.0 24.4 72.4 10.8 0 0 0 0 0
Other Non-Current Assets 218.3 202.7 87.2 95.9 110.9 92.3 95.2 284.2 255.4 333.5 20.8 16.8 6.3 4.9 0
Total Non-Current Assets 4,686.5 4,806.1 4,946.8 4,712.1 5,007.3 4,680.5 4,456.0 3,372.5 3,529.7 3,713.3 599.5 656.8 181.7 178.5 0
Total Assets 14,399.5 13,321.6 13,882.1 11,529.2 10,306.8 8,183.4 8,298.4 6,770.6 6,739.2 6,079.9 1,499.7 1,611.9 812.7 583.6 415.0
Current Liabilities
Account Payables 1,070.4 952.7 1,323.6 1,225.0 880.1 647.1 853.0 814.7 752.4 617.1 283.1 249.1 197.6 125.7 0
Short-Term Debt 1,326.4 1,293.2 1,041.1 214.4 171.3 169.2 261.7 216.5 397.2 0 71.7 170.6 27.1 24.0 0
Deferred Revenue 0 0 195.9 8.1 0 5.3 5.2 325.8 26.6 (210.1) 32.6 34.9 17.4 10.1 0
Other Current Liabilities 6,889.8 5,096.1 3,746.9 4,843.1 3,348.4 1,919.3 1,930.1 954.5 1,020.1 (331.6) (102.6) (205.5) 194.4 92.1 0
Total Current Liabilities 9,286.6 8,327.3 8,519.2 6,294.1 4,399.7 2,740.9 3,049.9 2,311.6 1,134.6 940.6 940.6 997.8 436.5 251.6 203.9
Non-Current Liabilities
Long-Term Debt 3,532 3,082.1 2,827.5 2,522.2 2,695.4 2,874.1 2,686.5 2,133.9 2,027.8 1,994.8 0 309.4 0 0 0
Deferred Tax Liabilities 187.3 145.6 129.5 142.2 193.0 220.1 218.7 151.7 119.3 243.8 0 0 0 0 0
Other Non-Current Liabilities 159.1 166 585.3 763.6 786.0 205.6 181.9 377.5 455.2 1,635.6 773.4 758.8 91.9 73.7 0
Total Non-Current Liabilities 3,878.4 3,505.5 3,542.3 3,585.6 3,814.2 3,407.4 3,155.1 2,663.1 3,884.0 3,633.6 117.8 319.4 91.9 73.7 0
Total Liabilities 13,165 11,832.8 12,061.5 9,879.7 8,213.9 6,148.2 6,205.0 4,974.7 5,018.6 4,574.1 1,058.3 1,317.2 528.4 325.3 203.9
Stockholders' Equity
Common Stock 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.4 0.4 182.4 182.4 0
Retained Earnings 2,370.8 2,066.8 1,757.1 1,490.5 1,289.1 1,287.0 1,539.2 1,481.6 1,404.7 1,244.3 412.1 272.5 101.9 75.9 0
Accumulated Other Comprehensive Income (128.1) (312.3) (229.2) (306.3) (122.5) (82.9) (115.4) (117.3) (90.8) (122.8) (0.3) (1.8) 0.0 0.0 0
Total Stockholders' Equity 1,234.5 1,488.8 1,820.6 1,649.5 1,838.8 1,904.9 1,926.9 1,785.7 1,711.3 1,497.2 441.3 294.7 284.2 258.3 199.2
Total Liabilities & Equity 14,399.5 13,321.6 13,882.1 11,529.2 10,306.8 8,183.4 8,298.4 6,770.6 6,739.2 6,079.9 1,499.7 1,611.9 812.7 583.6 415.0
Debt Metrics
Total Debt 4,858.4 4,445.8 3,868.6 2,807.3 2,947.7 3,126.3 3,016.1 2,350.4 2,425.0 2,204.9 199.7 480.0 27.1 24.0 0
Net Debt 3,952.6 3,850 2,892.8 947.6 1,690.8 1,796.6 2,034.7 1,808.9 1,916.9 2,014.0 160.4 296.8 (4.7) 1.8 0
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2005 2004 2003
Operating Activities
Net Income 304.1 309.6 266.6 167.5 136.1 (280.5) 155.3 169.8 159.2 57.5 18.7 51.2 34.6
Depreciation & Amortization 331.1 321.3 276.2 263.9 272.6 261.9 237.1 199.8 203.7 141.7 11.1 7.4 7.3
Stock-Based Compensation 0 112.2 127 97.9 74.8 63.9 45.8 33.9 30.5 19.7 7.0 0 0
Change in Working Capital (414) (371.3) (5.4) (195.5) (419.0) 589.1 100.8 (139.1) (344.7) (441.8) (127.4) (107.5) (40.1)
Other Non-Cash Items 189.5 109.6 264.8 405.8 72.9 251.9 104.5 104.5 85.2 52.3 45.5 9.1 9.7
Operating Cash Flow 454.3 481.4 907.9 679.4 150.4 857.0 663.2 400.2 132.9 (151.1) (40.9) (40.6) 12.7
Investing Activities
Capital Expenditure (140.6) (147.3) (143.6) (116.2) (86.0) (80.5) (102.9) (87.2) (79.3) (65.8) (11.0) (11.0) (11.7)
Acquisitions 0 (0.9) (402) 0 (558.8) (243.2) (882.4) (165.5) (84.4) (1,089.3) 0 0 0
Purchases of Investments (1,737.7) (1,313.8) (1,785.9) (661.3) (994.4) (6.5) (5.6) (1.8) (0.5) (5.9) (3.6) (1.2) (19.2)
Sales/Maturities of Investments 1,249.7 506.4 197.7 60.9 38.1 0.2 0.2 0.3 0.6 0.5 0.4 0.8 0
Other Investing Activities 4.8 (5) (4.5) (3.4) 0 0.8 0 (4.3) 25.5 (5.4) 0.1 1.3 0.0
Investing Cash Flow (696.9) (960.6) (2,138.3) (716.7) (1,601.1) (329.1) (990.6) (254.2) (163.5) (1,160.4) (14.1) (10.1) (30.8)
Financing Activities
Net Debt Issuance 480.2 514.5 1,063.7 (129) (237.8) (172.1) 582.0 (72.4) 196.1 1,031.5 231.5 (16.9) (2.1)
Stock Repurchased (799.8) (652) (303.4) (282.8) 0 0 0 0 (9.5) (2.2) 0 0 0
Dividends Paid 0 0 0 0 0 0 0 0 0 0 (305.9) (25.3) 0
Other Financing Activities 738.5 (122.8) 813 1,088.1 1,596.8 (97.2) 167.8 (32.7) 163.3 184.6 142.2 102.5 27.9
Financing Cash Flow 418.9 (260.3) 1,573.3 681.3 1,403.3 (179.3) 749.8 (102.7) 359.4 1,216.1 68.2 60.4 25.9
Cash Position
Net Change in Cash 241.4 (793) 370.3 602.9 (72.8) 348.3 426.4 32.6 317.1 (89.1) 13.2 9.7 7.7
Cash at Beginning 1,437 2,230 1,859.7 1,256.8 1,329.7 981.4 555.0 522.4 190.9 280.0 31.8 22.1 14.4
Cash at End 1,678.4 1,437 2,230 1,859.7 1,256.8 1,329.7 981.4 555.0 508.1 190.9 45.0 31.8 22.1
Free Cash Flow 313.7 334.1 763.9 563.2 64.4 776.5 560.3 313.1 53.7 (216.9) (52.0) (51.7) 1.0
Key Metrics 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001
Income Statement
Revenue 2,660.8 2,628.2 2,548 2,350.6 1,850.6 1,559.9 1,723.7 1,492.6 1,248.6 1,012.5 854.6 817.6 717.5 623.2 553.1 390.4 315.2 393.6 336.1 291.2 241.3 189.1 156.9 126.6 122.2
Gross Profit 1,459.6 1,590.5 1,574.7 1,420.1 1,148.4 886.7 1,063.9 944.7 734.3 553.7 449.5 458.4 425.0 369.1 345.3 231.5 278.2 303.1 246.9 260.0 220.6 0 0 0 0
Operating Income 676 686.3 647.1 469.8 342 (91.7) 385.8 380.6 233.4 158.5 228.8 306.2 276.7 221.6 233.3 150.7 118.2 161.4 152.1 135.1 106.6 96.3 68.4 126.6 33.4
Net Income 304.1 309.6 266.6 201.4 0.1 (243.6) 99.0 168.3 160.1 23.5 101.9 202.2 149.2 96.9 133.6 87.6 139.7 127.6 51.6 74.6 18.7 51.2 34.6 24.4 18.7
EPS (Diluted) 8.47 7.50 6.16 4.50 0.00 -6.40 3.55 3.86 3.73 1.48 2.62 5.18 3.82 2.48 3.43 2.25 3.55 3.22 1.27 1.81 0.46 1.27 0.86 0.61 0.47
Balance Sheet
Cash & Equivalents 905.8 595.8 975.8 1,859.7 1,256.8 1,329.7 981.4 541.5 508.1 190.9 39.3 183.1 31.8 22.1 0
Total Assets 14,399.5 13,321.6 13,882.1 11,529.2 10,306.8 8,183.4 8,298.4 6,770.6 6,739.2 6,079.9 1,499.7 1,611.9 812.7 583.6 415.0
Total Debt 4,858.4 4,445.8 3,868.6 2,807.3 2,947.7 3,126.3 3,016.1 2,350.4 2,425.0 2,204.9 199.7 480.0 27.1 24.0 0
Stockholders' Equity 1,234.5 1,488.8 1,820.6 1,649.5 1,838.8 1,904.9 1,926.9 1,785.7 1,711.3 1,497.2 441.3 294.7 284.2 258.3 199.2
Cash Flow
Operating Cash Flow 454.3 481.4 907.9 679.4 150.4 857.0 663.2 400.2 132.9 (151.1) (40.9) (40.6) 12.7
Capital Expenditure (140.6) (147.3) (143.6) (116.2) (86.0) (80.5) (102.9) (87.2) (79.3) (65.8) (11.0) (11.0) (11.7)
Free Cash Flow 313.7 334.1 763.9 563.2 64.4 776.5 560.3 313.1 53.7 (216.9) (52.0) (51.7) 1.0