WT Financial Services

WisdomTree, Inc.

$19.74-2.52%

Price as of close on Nov 3, 2026 · Financials updated Oct 1, 2026

Basics

Sector: Financial Services
Industry: Asset Management
Country: United States
Market cap: 3.0B USD
Enterprise value: 3.8B USD
Full-time employees: 414

Overall health

Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings
Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 1.20 vs a peer median of 0.70) and more debt relative to equity (2.27× vs a peer median of 0.57×)higher risk: bigger price swings (beta 1.20 vs peers 0.70) and more debt vs equity (2.27× vs peers 0.57×)

Ranks #110 of 232 financial services companies (top 48%)

See how it ranks against its peers

Worth knowing

Operating margin at a 5-year high. 35% in 2025, the best of the last 5 years.
WisdomTree kept 35% of revenue as operating profit in 2025, its highest in the 5 years of filings we have.
Profit recovered from an unusually weak 2022. Since 2022 (an unusually weak year for operating profit): revenue +64%, operating profit +190%.Since 2022: revenue +64%, operating profit +190%.
Since 2022, WisdomTree's revenue grew 64% while operating profit grew 190%: each extra dollar of sales is adding more profit.
Cash flow well above reported profit. Free cash flow is 2.3× reported profit.
Free cash flow is 2.3× reported profit. Large non-cash charges, such as depreciation, amortization or stock-based pay, reduce reported profit without using cash.
Fast revenue growth. Revenue grew 37% in the 12 months to June 2026 vs the 12 months before, faster than 84% of peers.
Revenue grew 37% in the 12 months to June 2026 vs the 12 months before, faster than 84% of its peers.

StockQuotient Score

52/ 100

Oct 5 50 → Nov 4 52 (+2)

Valuation

Is the price right?

39/100

Weak▲ 2 since Oct 27 close

3/3 inputs reported · High confidence

Since last quarter: No major changeValuation also moves with the share price every day.

Why it changed since the Oct 27, 2026 close: Score 37 → 39

Share price -7.0%+2

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Weaker than most peers on:

▼ Earnings yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield2.8%

SEC filings · 12 months to Jun 2026Reported value30% base weight · Z-score -0.78Sector median: 0.0571 · MAD: 0.0371

EBITDA yield6.9%

SEC filings · 12 months to Jun 2026Reported value50% base weight · Z-score 0.00Sector median: 0.0689 · MAD: 0.0428

Free cash flow yield6.6%

SEC filings · 12 months to Jun 2026 · operating cash flow − capital spendingReported value20% base weight · Z-score 0.07Sector median: 0.0613 · MAD: 0.0605

Other data (not scored)

Book yield14.0%

SEC filings · latest balance sheetReported valueInformational · 0% composite weightSector median: 0.8352 · MAD: 0.4517

Growth

Is it growing?

74/100

Moderate

3/3 inputs reported · High confidence

Since last quarter: ▲ Stronger

12-month revenue up 11.8%

Why

Stronger than most peers on:

▲ Revenue growth
▲ 3-yr revenue

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growth13.9%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 0.14Sector median: 0.0999 · MAD: 0.2773

3-year revenue growth17.9%

Yahoo Finance fallback · SEC figure unavailable or out of date · 3 fiscal years to Dec 2025Reported value33% base weight · Z-score 0.92Sector median: 0.0999 · MAD: 0.0858

Revenue growth37.1%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 2.01Sector median: 0.0742 · MAD: 0.1477

Profitability

Does it earn well?

78/100

Moderate

3/3 inputs reported · High confidence

Since last quarter: ▲ Stronger

Operating margin rose 2.2 points to 38.8%

Why

Stronger than most peers on:

▲ ROIC
▲ Operating margin
▲ ROA

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin38.8%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 1.04Sector median: 0.2353 · MAD: 0.1462

Return on assets5.1%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 1.11Sector median: 0.0256 · MAD: 0.0233

Return on invested capital19.2%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 2.50Sector median: 0.0630 · MAD: 0.0518

Other data (not scored)

Gross margin53.3%

Yahoo Finance fallback · SEC figure unavailable or out of date · trailing 12 monthsReported valueInformational · 0% composite weightSector median: 0.7878 · MAD: 0.2122

Return on equity20.2%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.0939 · MAD: 0.0702

Risk

Debt, liquidity, price swings

Higher

Higher relative risk

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Weaker than most peers on:

▼ Beta
▼ Debt / equity

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta1.20

Yahoo Finance · 5-year monthly beta vs the marketReported value33% base weight · Z-score -1.61Sector median: 0.7010 · MAD: 0.3115

Current ratio3.00×

SEC filings · latest balance sheetReported value33% base weight · Z-score 0.78Sector median: 2.0250 · MAD: 1.2470

Debt / equity2.27×

SEC filings · latest balance sheetReported value33% base weight · Z-score -3.11Sector median: 0.5734 · MAD: 0.5454

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about WisdomTree

Is WisdomTree getting weaker?: Its latest SEC filing (Aug 5, 2026) got stronger: operating margin rose 2.2 points to 38.8%. Its overall score is unchanged at 52/100 since Oct 28, 2026.
How is WisdomTree valued vs its peers?: Priced higher than most peers relative to what it earns. Valuation scores 39/100 against 432 financial services peers. Earnings yield 2.8% vs a peer median of 5.7% (weaker than 76% of peers).Earnings yield 2.8% vs peers 5.7% (weaker than 76% of peers).
Is WisdomTree growing?: Yes, faster than most of its peers. Growth scores 74/100 against 432 financial services peers. Revenue growth 37.1% vs a peer median of 7.4% (stronger than 84% of peers).Revenue growth 37.1% vs peers 7.4% (stronger than 84% of peers).
How profitable is WisdomTree?: More profitable than most of its peers. Profitability scores 78/100 against 432 financial services peers. Return on invested capital 19.2% vs a peer median of 6.3% (stronger than 80% of peers).Return on invested capital 19.2% vs peers 6.3% (stronger than 80% of peers).
How risky is WisdomTree?: Higher risk relative to 432 financial services peers, judged on debt, liquidity and share-price swings. Current ratio 3.00× vs a peer median of 2.02× (stronger than 61% of peers).Current ratio 3.00× vs peers 2.02× (stronger than 61% of peers). Beta 1.20 vs a peer median of 0.70 (weaker than 80% of peers).Beta 1.20 vs peers 0.70 (weaker than 80% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Quarter ended Jun 30, 2026 · filed Aug 5, 2026 · compared with the quarter ended Mar 31, 2026

Got stronger

Operating margin rose 2.2 points to 38.8%

	Previous quarter	Latest quarter	Change
Revenue (12 months)	545.1M USD	609.7M USD	+11.8%
Net income (12 months)	65.2M USD	84.7M USD	+29.9%
Operating margin	36.6%	38.8%	+2.2 pts
Free cash flow (12 months)	159.3M USD	195.9M USD	+23.0%
Cash	625.5M USD	294.8M USD	−52.9%
Shares outstanding	152.9M	151.5M	−0.9%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Industry valuation context

Industry: Asset Management · 43 companies

Valuations in Asset Management are near the top of their range since 2016.

95% of months since 2016 were valued lower than now.
37% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values +10% and earnings +13% (medians): prices and earnings moved broadly together.
Median price-to-sales is +31% vs the whole market, against a usual +6%.

2016Shaded: most expensive fifth of its range2026

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Operating margin	29.3%	19.9%	25.1%	32.1%	35.3%	▲ 3.2 pts
Net margin	16.4%	16.8%	29.4%	15.6%	22.1%	▲ 6.5 pts
Return on assets (ROA)	4.8%	4.9%	10.9%	6.5%	7.2%	▲ 0.8 pts
Return on equity (ROE)	18.5%	16.6%	25.1%	16.7%	26.4%	▲ 9.7 pts
Free cash flow margin	24.7%	18.2%	24.5%	26.5%	29.9%	▲ 3.4 pts
Current ratio	3.63×	1.98×	2.23×	2.92×	1.75×	▼ 40%
Debt to equity	1.18×	1.05×	0.80×	1.38×	—	—
Interest coverage	7.22×	4.02×	5.74×	7.26×	5.73×	▼ 21%

WT price history

Price history is added with the daily price update and will appear after the next one.

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Bringing the fundamentals into focus…

Overall health

Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings

Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 1.20 vs a peer median of 0.70) and more debt relative to equity (2.27× vs a peer median of 0.57×)higher risk: bigger price swings (beta 1.20 vs peers 0.70) and more debt vs equity (2.27× vs peers 0.57×)

Ranks #110 of 232 financial services companies (top 48%)

See how it ranks against its peers

Worth knowing

Operating margin at a 5-year high. 35% in 2025, the best of the last 5 years.

WisdomTree kept 35% of revenue as operating profit in 2025, its highest in the 5 years of filings we have.

Profit recovered from an unusually weak 2022. Since 2022 (an unusually weak year for operating profit): revenue +64%, operating profit +190%.Since 2022: revenue +64%, operating profit +190%.

Since 2022, WisdomTree's revenue grew 64% while operating profit grew 190%: each extra dollar of sales is adding more profit.

Cash flow well above reported profit. Free cash flow is 2.3× reported profit.

Free cash flow is 2.3× reported profit. Large non-cash charges, such as depreciation, amortization or stock-based pay, reduce reported profit without using cash.

Fast revenue growth. Revenue grew 37% in the 12 months to June 2026 vs the 12 months before, faster than 84% of peers.

Revenue grew 37% in the 12 months to June 2026 vs the 12 months before, faster than 84% of its peers.

Questions investors ask about WisdomTree

Is WisdomTree getting weaker?

Its latest SEC filing (Aug 5, 2026) got stronger: operating margin rose 2.2 points to 38.8%. Its overall score is unchanged at 52/100 since Oct 28, 2026.

How is WisdomTree valued vs its peers?

Priced higher than most peers relative to what it earns. Valuation scores 39/100 against 432 financial services peers. Earnings yield 2.8% vs a peer median of 5.7% (weaker than 76% of peers).Earnings yield 2.8% vs peers 5.7% (weaker than 76% of peers).

Is WisdomTree growing?

Yes, faster than most of its peers. Growth scores 74/100 against 432 financial services peers. Revenue growth 37.1% vs a peer median of 7.4% (stronger than 84% of peers).Revenue growth 37.1% vs peers 7.4% (stronger than 84% of peers).

How profitable is WisdomTree?

More profitable than most of its peers. Profitability scores 78/100 against 432 financial services peers. Return on invested capital 19.2% vs a peer median of 6.3% (stronger than 80% of peers).Return on invested capital 19.2% vs peers 6.3% (stronger than 80% of peers).

How risky is WisdomTree?

Higher risk relative to 432 financial services peers, judged on debt, liquidity and share-price swings. Current ratio 3.00× vs a peer median of 2.02× (stronger than 61% of peers).Current ratio 3.00× vs peers 2.02× (stronger than 61% of peers). Beta 1.20 vs a peer median of 0.70 (weaker than 80% of peers).Beta 1.20 vs peers 0.70 (weaker than 80% of peers). A relative measure, not a bankruptcy probability.

Previous quarter

Latest quarter

Change

Revenue (12 months)

545.1M USD

609.7M USD

+11.8%

Net income (12 months)

65.2M USD

84.7M USD

+29.9%

Operating margin

36.6%

38.8%

+2.2 pts

Free cash flow (12 months)

159.3M USD

195.9M USD

+23.0%

Cash

625.5M USD

294.8M USD

−52.9%

Shares outstanding

152.9M

151.5M

−0.9%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Operating margin

29.3%

19.9%

25.1%

32.1%

35.3%

▲ 3.2 pts

Net margin

16.4%

16.8%

29.4%

15.6%

22.1%

▲ 6.5 pts

Return on assets (ROA)

4.8%

4.9%

10.9%

6.5%

7.2%

▲ 0.8 pts

Return on equity (ROE)

18.5%

16.6%

25.1%

16.7%

26.4%

▲ 9.7 pts

Free cash flow margin

24.7%

18.2%

24.5%

26.5%

29.9%

▲ 3.4 pts

Current ratio

3.63×

1.98×

2.23×

2.92×

1.75×

▼ 40%

Debt to equity

1.18×

1.05×

0.80×

1.38×

—

Interest coverage

7.22×

4.02×

5.74×

7.26×

5.73×

▼ 21%