Wex Inc. | Mid-cap | Technology

Financial Overview

Latest Annual: 2024

Income Metrics

Revenue 2.6B
Gross Profit 1.6B 60.52%
Operating Income 686.4M 26.12%
Net Income 309.6M 11.78%
EPS (Diluted) $7.50

Balance Sheet Metrics

Total Assets 13.3B
Total Liabilities 11.8B
Shareholders Equity 1.5B
Debt to Equity 7.95

Cash Flow Metrics

Operating Cash Flow 682.1M
Free Cash Flow 329.0M

Revenue & Profitability Trend

Wex Income Statement From 2020 to 2024

Metric20242023202220212020
Revenue2.6B2.5B2.4B1.9B1.6B
Cost of Goods Sold1.0B973.3M930.5M702.2M673.2M
Gross Profit1.6B1.6B1.4B1.1B886.7M
Operating Expenses716.8M755.8M655.7M646.0M558.8M
Operating Income686.4M647.1M606.4M341.9M170.6M
Pre-tax Income417.8M368.8M260.5M203.9M-301.1M
Income Tax108.2M102.2M93.1M67.8M-20.6M
Net Income309.6M266.6M167.5M136.1M-280.5M
EPS (Diluted)$7.50$6.16$4.50$0.00-$5.56

Income Statement Trend

Wex Balance Sheet From 2020 to 2024

Metric20242023202220212020
Assets
Current Assets8.5B8.9B6.8B5.3B3.5B
Non-Current Assets4.8B4.9B4.7B5.0B4.7B
Total Assets13.3B13.9B11.5B10.3B8.2B
Liabilities
Current Liabilities8.3B8.5B6.3B4.4B2.7B
Non-Current Liabilities3.5B3.5B3.6B3.8B3.4B
Total Liabilities11.8B12.1B9.9B8.2B6.1B
Equity
Total Shareholders Equity1.5B1.8B1.6B2.1B2.0B

Balance Sheet Composition

Wex Cash Flow Statement From 2020 to 2024

Metric20242023202220212020
Operating Activities
Net Income309.6M266.6M167.5M136.1M-280.5M
Operating Cash Flow682.1M584.7M399.5M-184.4M521.1M
Investing Activities
Capital Expenditures-147.3M-143.6M-112.9M-86.0M-80.5M
Investing Cash Flow-955.5M-2.1B-713.4M-1.6B-329.1M
Financing Activities
Dividends Paid-----
Financing Cash Flow-244.8M1.6B695.2M1.6B-358.8M
Free Cash Flow329.0M759.8M563.2M-128.6M656.3M

Cash Flow Trend

Wex Key Financial Ratios

Valuation Ratios

P/E Ratio (TTM) 18.13
Forward P/E 8.24
Price to Book 5.94
Price to Sales 1.84
PEG Ratio 8.24

Profitability Ratios

Profit Margin 12.07%
Operating Margin 24.71%
Return on Equity 24.37%
Return on Assets 3.05%

Financial Health

Current Ratio 1.05
Debt to Equity 689.17
Beta 1.22

Per Share Data

EPS (TTM) $7.76
Book Value per Share $23.70
Revenue per Share $65.18

Peer Financial Comparison

CompanyMarket CapP/E RatioP/B RatioROEProfit MarginDebt/Equity
wex4.8B18.135.9424.37%12.07%689.17
Microsoft 3.6T36.9111.0433.61%35.79%32.63
Oracle 581.5B47.6028.4282.38%21.68%505.59
Wix.com 9.0B64.23-52.79-175.57%8.16%-5.71
Shift4 Payments 9.1B35.128.7729.87%6.50%283.66
Dropbox 7.5B17.99-7.47-60.11%18.50%-2.80

Financial data is updated regularly. All figures are in the company's reporting currency.