The market considers the company to be a smaller player with a significant market presence. At current multiples, it trades moderately valued—balancing growth expectations with current fundamentals.

Valuation Metrics

Ratios and multiples

Forward P/E

18.23

EV/Revenue (TTM)1.79

Price/FCF (TTM)94.63

Financial Health

Liquidity and leverage

ROE (TTM)4.72%

ROA (TTM)1.26%

Debt/Equity (MRQ)0.08

The company's financial health appears moderate. Moderate ROE and moderate ROA reflect reasonably efficient capital use. Debt is manageable within acceptable ranges.

Valuation Multiples

Current valuation metrics

P/E Ratio70.63

P/B Ratio2.87

P/S Ratio4.54

Quarterly Earnings History

Recent quarterly financial performance and trends

Latest Quarter

Q2 2026

Revenue

$198.83M

Net Income

$24.36M

EPS (Diluted)

$0.04

Quarter	Revenue	Net Income	Gross Profit	EPS (Basic)	EPS (Diluted)	Gross Margin	Net Margin
Q2 2026(Latest)	$198.83M	$24.36M	$154.48M	$0.04	$0.04	77.7%	12.3%
Q1 2026	$159.93M	-$21.72M	$121.53M	-$0.04	-$0.04	76.0%	-13.6%
Q4 2025	$165.20M	$3.04M	$130.10M	$0.01	$0.01	78.8%	1.8%
Q3 2025	$156.94M	$36.92M	$121.33M	$0.08	$0.07	77.3%	23.5%
Q2 2025	$131.49M	-$28.27M	$96.69M	-$1.20	-$1.20	73.5%	-21.5%

Key Insights:

Revenue increased by 24.3% from previous quarter
Net margin of 12.3% indicates moderate profitability
EPS improved by 200.0% quarter-over-quarter

Financial Efficiency

Utilization and collections performance

Asset Turnover 0.17 indicates low efficiency. Receivables Turnover 0.94 and DSO 387.84 reflect poor collections. Working Capital Turnover 0.74 is moderately efficient. ROIC 3.9% highlights weak capital returns.

Efficiency Metrics

Asset Turnover0.17

Receivables Turnover0.94

Working Capital Turnover0.74

Days Sales Outstanding387.84

ROIC (TTM)3.9%

Profitability & Growth

Margins and earnings power

Revenue (TTM)

$672.28M

51.90% YoY

Profit Margin (TTM)

6.34%

Operating Margin (TTM)

22.27%

Gross Profit (TTM)

$518.84M

Gross Margin 77.18%

Net Income (TTM)

$42.60M

Efficiency Performance Matrix

4-quadrant analysis of operational efficiency vs profitability

Efficiency vs Profitability Quadrants

High Efficiency
High Margin

High Efficiency
Low Margin

Low Efficiency
High Margin

Low Efficiency
Low Margin

Efficiency Analysis

Asset Turnover

Efficiency:0.17x

Margin:77.2%

Quadrant:Margin-Driven

Receivables Turnover

Efficiency:0.94x

Margin:22.3%

Quadrant:Margin-Driven

Working Capital

Efficiency:0.74x

Margin:6.3%

Quadrant:Weak Operations

Overall Efficiency Score

Profit-focused operations with efficiency opportunities

⚠️ Thresholds are benchmark-based heuristics derived from long-term industry averages, not strict valuation rules.

• Bubble size represents ROIC magnitude

• Green (Optimal): Excellent efficiency-profitability balance

• Blue (Efficiency-Driven): High turnover, room to improve margins

• Yellow (Margin-Driven): Strong margins, opportunity to improve efficiency

• Red (Weak Operations): Areas needing improvement on both dimensions

Market Data & Share Structure

Comprehensive valuation metrics and ownership breakdown

Market Data & Capitalization

Market Cap

$3.05B

Mid-cap: Growth potential with moderate risk

Enterprise Value

$1.20B

EV 61% < Market Cap: Net cash position

Next Earnings Date

11/12/2026

Scheduled quarterly results announcement

Share Statistics & Ownership

Shares Outstanding

455.83M

Total shares issued and held by all shareholders

Shares Float

321.38M

71% float - restricted shares held

Institutional Ownership

51.85%

Moderate - balanced ownership

Insider Ownership

22.78%

High alignment - strong insider conviction

Shares Short

41.60M

12.9% of float - high short interest

Implied Shares Outstanding

455.83M

Matches reported shares - consistent data

Profitability Margin Pyramid

Hierarchical view of margin compression from revenue to net income

Margin Hierarchy by Profitability Level

100.0%

Revenue

$672.28M

77.2%

Gross Profit

$518.84M

N/A

EBITDA

6.3%

Net Income

$42.60M

Margin Profile:

Revenue— 100.0% margin (Top line revenue generation)

Gross Profit— 77.2% margin (Revenue minus cost of goods sold)

EBITDA— N/A% margin (Earnings before interest, taxes, depreciation, and amortization)

Net Income— 6.3% margin (Bottom line profitability after all expenses)

Margin Analysis

Total Revenue

Amount:$672.28M

Margin:100.0%

Top line revenue generation

Gross Profit

Amount:$518.84M

Margin:77.2%

Revenue minus cost of goods sold

EBITDA

Amount:N/A

Margin:N/A

Earnings before interest, taxes, depreciation, and amortization

Net Income

Amount:$42.60M

Margin:6.3%

Bottom line profitability after all expenses

Margin Quality Assessment

Moderate margins requiring efficiency improvements

• Larger circles represent higher dollar amounts

• Margin percentages show profitability at each level

• Blue: Revenue base

• Green: Gross profitability

• Yellow: Operating performance

• Red: Net profitability

Operating Cash & Liquidity

Core cash generation and short-term solvency

Cash Flow Analysis

Operating Cash Flow (TTM)

$43.46M

Cash from core operations

Free Cash Flow (TTM)

$32.22M

Available after capex

Financial Position & Liquidity

Current Ratio

1.21

Adequate

Quick Ratio

1.19

Strong

Net Cash

$1.85B

Net creditor

Total Cash

$1.93B

Balance sheet cash

Total Debt

$78.73M

Outstanding borrowings

Cash Conversion Cycle

Working capital efficiency measurement

Days Sales Outstanding

387.8

days to collect payment

Insufficient cash cycle data.

Ownership & Shareholder Sentiment

Insider, institutional, and short interest positions

Insider Ownership

22.78%

Strong confidence

Institutional Ownership

51.85%

Majority backing

Short % of Float

9.27%

Notable short

Short Ratio (Days)

3.0d

days to cover

Ownership structure shows strong insider confidence and institutional majority backing.

Dividends & Shareholder Returns

Policy stance and implications

The company does not currently pay a regular dividend — prioritizing reinvestment for growth. This makes it attractive for growth investors, while income-oriented investors may prefer peers with dividend payouts.

Trailing Dividend Rate

Trailing Dividend Yield

0.00%

Forward Annual Dividend Yield

0.00%

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Webull Corporation(BULL)Fundamental Analysis & FinancialsNASDAQ

Valuation, growth, margins and balance sheet

Valuation Snapshot

Valuation Metrics

Financial Health

Valuation Multiples

Quarterly Earnings History

Financial Efficiency

Efficiency Metrics

Profitability & Growth

Efficiency Performance Matrix

Efficiency vs Profitability Quadrants

Efficiency Analysis

Asset Turnover

Receivables Turnover

Working Capital

Overall Efficiency Score

Market Data & Share Structure

Market Data & Capitalization

Share Statistics & Ownership

Profitability Margin Pyramid

Margin Hierarchy by Profitability Level

Margin Analysis

Total Revenue

Gross Profit

EBITDA

Net Income

Margin Quality Assessment

Operating Cash & Liquidity

Cash Flow Analysis

Financial Position & Liquidity

Cash Conversion Cycle

Ownership & Shareholder Sentiment

Dividends & Shareholder Returns

Explore More Analysis for BULL

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Webull Corporation(BULL)Fundamental Analysis & Financials
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