WEX Inc. WEX
Business Services · data as of November 13, 2026
WEX Inc. (WEX) is a consumer discretionary company listed in the US with a market value of about $6.0B. In the twelve months to September 30, 2026 it had revenue of $2.9B and net income of $405M, a net margin of 14.0%.
Its overall Stock Analiz score is 2.0 out of 5 (weak). The strongest part is track record (3/5); the weakest is future growth (1/5).
Key numbers: a P/E of 15.6, 5-year revenue growth of 11% a year, a 5-year average ROIC of 8%. A discounted cash flow model with moderate assumptions puts its intrinsic value about 46% below the current price.
Score: 2.0 / 5
Checks passed
- P/E below 25
- P/E below the industry median
- Profit margin improving
- 5-year revenue growth above 8% a year
- Profitable 5 years in a row
- ROE above 15%
- More cash than debt, or low debt to equity
- Interest covered more than 5 times
Checks not passed
- P/FCF below 20
- Price below intrinsic value (DCF, moderate assumptions)
- PEG below 1.5
- Revenue growth above 10% last year
- 3-year revenue growth above 10% a year
- 3-year free cash flow growth above 10% a year
- Strong R&D investment or growth above 20%
- 5-year EPS growth above 10% a year
Valuation
Growth and quality
Financials, last 10 years
| Fiscal year | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.9B | $2.7B | $2.6B | $2.5B | $2.4B | $1.9B | $1.6B | $1.7B | $1.5B | $1.2B | $1.0B |
| Net income | $405M | $304M | $310M | $267M | $167M | $135M | -$284M | $156M | $168M | $160M | $61M |
| Free cash flow | -$291M | $314M | $334M | $764M | $566M | -$129M | $656M | $560M | $313M | $56M | -$203M |
| EPS (diluted) | $11.61 | $8.47 | $7.50 | $6.16 | $4.50 | $0.00 | $-5.56 | $2.26 | $3.86 | $3.71 | $0.57 |
| Net margin | 14.0% | 11.4% | 11.8% | 10.5% | 7.1% | 7.3% | -18.2% | 9.1% | 11.3% | 12.8% | 6.0% |
| ROIC | — | 9.8% | 10.8% | 9.7% | 6.7% | 4.7% | -1.7% | 5.6% | 6.4% | 5.3% | 7.7% |
From the company’s 10-K and 10-Q filings with the SEC. TTM = trailing twelve months.
What analysts expect
The average 12-month price target from 11 analysts is $202.09, 11% above the current price; targets range from $176.00 to $230.00; the consensus rating is “Buy”; expected EPS is $21.41 for the fiscal year ending December 31, 2026.
Frequently asked questions
What is WEX’s P/E ratio?
About 15.6, based on the last twelve months of diluted earnings per share (forward P/E about 8.1).
Is WEX stock undervalued?
Our DCF model with moderate assumptions puts its intrinsic value about 46% below the current market value. A model is a range, not a promise; try your own assumptions in the DCF calculator.
Does WEX pay a dividend?
Not currently.
Is WEX a good stock to buy?
We do not give buy or sell advice. WEX scores 2.0 out of 5 on our five checks (value, growth, track record, financial health and shareholder returns); the checks above show why.
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Generated from SEC filings, analyst consensus estimates and market prices, rebuilt every day. Educational information, not investment advice.