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WE

WEX Inc.

WEXTechnologyNASDAQ

Software - Infrastructure

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Financials · Annual
Revenue
$2.66B
+1.2% YoY
Net Income
$304.1M
-1.8% YoY
EBITDA
$991.9M
+1.7% YoY
Free Cash Flow
$1.26B

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About WEX Inc.

WEX Inc. operates a commerce platform in the United States and internationally. The $5.14B market capitalization puts WEX squarely in mid-cap range for its industry. The Mobility segment offers fleet payment solutions, transaction processing, and information management services; and provides account activation and account retention services; authorization and billing inquiries, and account maintenance services; account management; credit and collections services; merchant services; analytics solutions; and ancillary services and offerings.

Key stats
Market Cap$5.14B
P/E (TTM)16.69
Fwd P/E7.31
EPS$8.88
Beta0.87
52W Change+7.3%
ROE29.8%
Analysis

With $5.41B in cash and $5.24B in debt, WEX maintains more liquidity than leverage. This favorable balance sheet position can be an asset when capital markets become less accommodating. Free cash flow comes in at $1.26B, providing flexibility for reinvestment, buybacks, or dividends. Consistent free cash flow generation is often considered a sign of operational health. ROE of 29.8% points to strong capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. ROA of 2.9% is on the lower side, which is common in asset-heavy industries. Revenue has been uneven over recent years, ranging from $2.35B to $2.66B.

As with any equity investment, WEX carries market risk, sector-specific risk, and company-specific risk that investors should evaluate in the context of their own portfolios. These risk factors are not exhaustive — macroeconomic shifts, regulatory changes, and competitive dynamics can all influence WEX Inc.'s trajectory.

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