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WisdomTree

WT
77
Asset Management · Financial Services
Price
$23.51
+0.86 (+3.80%)
Market Cap
$3.60B
Winston Score
77
Winston is happy
A high-quality business with solid fundamentals.
Data as of Aug 23, 2026 · filings through Jun 30, 2026
How the score breaks down
Quality
Exceptional
Growth
Exceptional
Cash Flow
Exceptional
Stability
Good
Valuation
Good
Dividends
Weak

Winston Score History

The full picture

WisdomTree is a financial company that creates and manages exchange-traded funds, or ETFs. ETFs are baskets of investments that people can buy and sell on a stock exchange, similar to buying a single stock. WisdomTree offers around 80 ETFs in the United States and hundreds more globally, covering stocks, bonds, currencies, and commodities, with a focus on "smart beta" strategies that weight holdings differently than traditional index funds.

The company earns money by charging small annual fees, called expense ratios, on the assets held in its funds. It operates primarily in the U.S. and Europe, managing roughly $100 billion in assets. WisdomTree's competitive edge comes from its proprietary index methodologies and its early-mover position in dividend-weighted and currency-hedged ETFs. The main growth driver is attracting new investor money into its funds, but the business faces real risk from fee compression, as larger rivals like BlackRock and Vanguard continue to cut costs and dominate the ETF market.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+57.3% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

+88.2% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

$0/ year

Declining (-100% vs prior year)

0.0% of revenue

Below sector average (7%)

R&D spend declining — could signal cost-cutting or efficiency

Insider Activity

12.8%ownership

Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

$323M cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Revenue accelerating

WisdomTree grew revenue 57% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Share count broadly stable

0.1% over 4y

The share count has stayed roughly flat over this period — little dilution or buyback activity.

Diluted shares outstanding: 145.1M (2021) → 144.9M (2025)

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale
Gross Margin
75.3%
Premium pricing power — 75.3% gross margin
Profit after running costs
Operating Margin
40.5%
Excellent — 40.5% operating margin
Return on the money invested
ROCE
15.9%
Strong — 15.9% return on capital

ROIC between 15% and 25%. Every dollar invested in the business earns 15 to 25 cents back per year.

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Growth

Sales growth
Sales YoY
+37.1%
Fast-growing sales (+37.1% YoY)
Profit growth
EPS YoY
+45.0%
Earnings growing fast (+45.0% YoY)

Earnings growing 25%+ a year. The compounder zone.

How steady the profit is
EPS Consistency
6/8 quarters
Earnings grew in most of the last 8 quarters

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Cash Flow

Profit that turns into cash
Cash Conversion
245%
Turns 245% of profit into real cash
Spare cash per sale
FCF Margin
32.3%
Converts sales into free cash efficiently (32.3%)

Free cash flow margin above 20%. Out of every $100 in sales, more than $20 is real cash they keep.

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Stability

What it owes vs what it owns
Debt / Equity
2.58
Heavy debt load (2.58)
Covers its interest
Interest Cover
15.23x
Comfortably covers interest (15.2x)

Interest coverage above 8. Profits cover interest many times over.

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Valuation

Price vs profit
P/E Ratio (TTM)
40.5x
Pricey — P/E 40.5

P/E over 35. The market is pricing in heavy, sustained growth.

Cheaper or dearer next year
P/E vs Forward
+20.8
GROWING
Earnings expected to grow meaningfully — cheaper on forward P/E (40.5 → 19.8)

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Dividends

Dividend
Dividend Yield
0.52%
Small dividend — 0.52% yield

Modest yield. The bulk of any return needs to come from price appreciation.

Dividend record
Dividend Growth
+0.0%
Dividend flat

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