Wex (WEX) | Financial Analysis & Statements
Financial Overview
Latest Annual: 2024Income 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
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Revenue | 2.6B | 2.5B | 2.4B | 1.9B | 1.6B |
| Cost of Goods Sold | 1.0B | 973.3M | 930.5M | 702.2M | 673.2M |
| Gross Profit | 1.6B | 1.6B | 1.4B | 1.1B | 886.7M |
| Operating Expenses | 716.8M | 755.8M | 655.7M | 646.0M | 558.8M |
| Operating Income | 686.4M | 647.1M | 606.4M | 341.9M | 170.6M |
| Pre-tax Income | 417.8M | 368.8M | 260.5M | 203.9M | -301.1M |
| Income Tax | 108.2M | 102.2M | 93.1M | 67.8M | -20.6M |
| Net Income | 309.6M | 266.6M | 167.5M | 136.1M | -280.5M |
| EPS (Diluted) | $7.50 | $6.16 | $4.50 | $0.00 | -$5.56 |
Income Statement Trend
Wex Balance Sheet From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Assets | |||||
| Current Assets | 8.5B | 8.9B | 6.8B | 5.3B | 3.5B |
| Non-Current Assets | 4.8B | 4.9B | 4.7B | 5.0B | 4.7B |
| Total Assets | 13.3B | 13.9B | 11.5B | 10.3B | 8.2B |
| Liabilities | |||||
| Current Liabilities | 8.3B | 8.5B | 6.3B | 4.4B | 2.7B |
| Non-Current Liabilities | 3.5B | 3.5B | 3.6B | 3.8B | 3.4B |
| Total Liabilities | 11.8B | 12.1B | 9.9B | 8.2B | 6.1B |
| Equity | |||||
| Total Shareholders Equity | 1.5B | 1.8B | 1.6B | 2.1B | 2.0B |
Balance Sheet Composition
Wex Cash Flow Statement From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | 309.6M | 266.6M | 167.5M | 136.1M | -280.5M |
| Operating Cash Flow | 682.1M | 584.7M | 399.5M | -184.4M | 521.1M |
| 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 | -244.8M | 1.6B | 695.2M | 1.6B | -358.8M |
| Free Cash Flow | 329.0M | 759.8M | 563.2M | -128.6M | 656.3M |
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
| Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
|---|---|---|---|---|---|---|
| wex | 4.8B | 18.13 | 5.94 | 24.37% | 12.07% | 689.17 |
| Microsoft | 3.6T | 36.91 | 11.04 | 33.61% | 35.79% | 32.63 |
| Oracle | 581.5B | 47.60 | 28.42 | 82.38% | 21.68% | 505.59 |
| Wix.com | 9.0B | 64.23 | -52.79 | -175.57% | 8.16% | -5.71 |
| Shift4 Payments | 9.1B | 35.12 | 8.77 | 29.87% | 6.50% | 283.66 |
| Dropbox | 7.5B | 17.99 | -7.47 | -60.11% | 18.50% | -2.80 |
Financial data is updated regularly. All figures are in the company's reporting currency.