WEX Inc.

WEX

$195.00

+1.12%

N/A+$2.16

Technology

Software - Infrastructure

NYSE

Active Trading

WEX Inc., a financial technology enterprise established in 1983 and headquartered in Portland, Maine, delivers diverse services across the United States and ...

Key Metrics of WEX

Snapshot

Latest / TTM · 6 periods

Market Cap

$6.65B

ROCE

13.7%

EV / EBITDA

11.33x

+0.5% YoY

FCF Yield

1.6%

-4.3% YoY

Cash Conversion Cycle

88.4d

Current Ratio

1.04

Quick take

TTM —

Positive CCC

Key Metrics

Latest / TTM · 6 periods

Valuation trend

Valuation trend table

Metric	2021	2022	2023	2024	2025	TTM
Market CapTotal market value of all shares outstanding.	$6.28B	$7.27B	$8.33B	$7.15B	$5.29B	$6.65B
Enterprise ValueCompany value including debt and cash adjustments.	$7.97B	$8.21B	$11.22B	$11.00B	$9.24B	$10.84B
EV / SalesHow many dollars investors pay per dollar of sales.	4.31x	3.49x	4.40x	4.19x	3.47x	3.88x
EV / EBITDAValuation multiple versus operating earnings before non-cash charges.	14.09x	14.36x	13.21x	11.29x	9.29x	11.33x
Net Debt / EBITDALeverage ratio using net debt divided by EBITDA.	2.99	1.66	3.40	3.95	3.97	4.39

Returns + ROCE gauge

ROCE latest

13.7%

Prev year 13.2%

Returns + ROCE gauge table

Metric	2021	2022	2023	2024	2025	TTM
ROEProfit generated from shareholders' equity.	0.0%	12.2%	14.6%	20.8%	24.6%	28.2%
ROAProfit generated from total assets.	0.0%	1.7%	1.9%	2.3%	2.1%	2.1%
ROICReturn generated on invested operating capital.	3.4%	4.0%	8.0%	10.3%	10.0%	10.7%
ROCEOperating return on long-term capital used.	5.8%	9.0%	12.1%	13.7%	13.2%	13.7%
Earnings YieldEarnings as a percentage of market value.	0.0%	2.8%	3.2%	4.3%	5.7%	5.2%

Cash flow quality

Cash flow quality table

Metric	2021	2022	2023	2024	2025	TTM
FCFFCash flow available to all capital providers.	$123.90M	$597.02M	$912.20M	$508.91M	$414.72M	$214.92M
FCFECash flow available to equity holders after debt flows.	$-173.40M	$437.50M	$1.83B	$848.60M	$720.80M	$-2.29B
FCF YieldFree cash flow divided by market capitalization.	1.0%	7.8%	9.2%	4.7%	5.9%	1.6%
Income QualityHow well accounting earnings are backed by cash flow.	1.10	4.06	3.41	1.55	1.49	1.60
Capex / OCFShare of operating cash flow spent on capital expenditures.	57.2%	17.1%	15.8%	30.6%	30.9%	58.7%

Operating efficiency

Operating efficiency table

Metric	2021	2022	2023	2024	2025	TTM
DSOAverage days to collect cash from customers.	596.7d	534.4d	511.3d	417.8d	478.2d	622.4d
DIOAverage days inventory stays before being sold.	0.0d	0.0d	0.0d	0.0d	0.0d	0.0d
DPOAverage days the company takes to pay suppliers.	457.5d	480.5d	496.4d	335.1d	281.2d	534.0d
Operating CycleTime from buying inventory to collecting receivables.	596.7d	534.4d	511.3d	417.8d	478.2d	622.4d
Cash Conversion CycleNet days cash is tied in operations.	139.3d	53.9d	14.9d	82.7d	197.1d	88.4d

Snapshot

Latest / TTM: —

Market Cap

$6.65B

ROE

28.2%

FCF Yield

1.6%

Current Ratio

1.04

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