WiseTech Global Limited

WTC.AX

Software - Application · Technology

Also trades as: WTCHF

Price

A$42.33

-0.86 (-1.99%)

Market Cap

A$14.24B

Exchange

Australian Securities Exchange

Winston Score

Winston is curious

A decent business — some strong pillars, some weaker.

Data as of Aug 23, 2026 · filings through Dec 31, 2025

How the score breaks down

Quality

Good

Growth

Good

Cash Flow

Exceptional

Stability

Good

Valuation

Good

Dividends

Good

Track this stock — start free trial

Share count rising — dilution

+2.9% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 325.0M (2021) → 334.4M (2025)

Winston Score History

The full picture

WiseTech Global is an Australian software company that helps freight and logistics businesses manage the movement of goods around the world. Its main product is CargoWise, a platform used by customs brokers, freight forwarders, and logistics providers to handle shipping documents, customs compliance, and supply chain tracking. The company is one of the largest providers of logistics execution software globally.

WiseTech makes money by charging customers subscription and usage-based fees to access CargoWise. It operates in over 180 countries, with major customers including many of the world's largest freight forwarders. Its moat comes from how deeply CargoWise is embedded in customers' daily operations — switching to a competitor is costly and disruptive. The key growth driver is continued expansion of CargoWise's features and geographic reach, pulling in more of the global logistics industry onto a single platform. The main risk is that growth depends heavily on winning and retaining large enterprise customers in a market where a few big players control significant volume.

Growth Profile

For growth stock investors

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

Revenue Growth

+11.6% YoY

YoY Growth Rate

Steady revenue growth

EPS Growth

-2.3% YoY

YoY Growth Rate

Earnings declining

R&D Spend

A$282M/ year

↑ Rising (+63% vs prior year)

23.8% of revenue

1.6x the sector average (15%)

Investing heavily in future products and technology

Insider Activity

43.6%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

A$258M cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

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

Heavy R&D investment

WiseTech Global Limited is putting 24% of revenue into R&D and that number is rising. That's 1.6x the sector average. And they're generating enough cash to self-fund it.

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.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

67.5%

Premium pricing power — 67.5% gross margin

Profit after running costs

Operating Margin

29.4%

Excellent — 29.4% operating margin

Return on the money invested

ROCE

8.1%

Below par — 8.1% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Growth

Sales growth

Sales YoY

+40.9%

Fast-growing sales (+40.9% YoY)

Profit growth

EPS YoY

-22.9%

Earnings shrinking (-22.9% YoY)

Earnings per share down more than 10%. Either a bad year, or a real decline.

How steady the profit is

EPS Consistency

5/8 quarters

Mixed — about half the quarters showed growth

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Cash Flow

Profit that turns into cash

Cash Conversion

204%

Turns 204% of profit into real cash

Spare cash per sale

FCF Margin

29.8%

Converts sales into free cash efficiently (29.8%)

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

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Stability

What it owes vs what it owns

Debt / Equity

1.33

Elevated debt (1.33)

Covers its interest

Interest Cover

4.52x

Adequate interest coverage (4.5x)

Interest coverage between 3 and 8. Profits cover interest several times over.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Valuation

Price vs profit

P/E Ratio (TTM)

57.2x

Expensive — P/E 57.2

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

Cheaper or dearer next year

P/E vs Forward

+36.8

GROWING

Earnings expected to grow meaningfully — cheaper on forward P/E (57.2 → 20.4)

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Dividend

Dividend Yield

0.56%

Small dividend — 0.56% yield

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

Dividend record

Dividend Growth

+41.1%

Dividend growing fast (41.1% YoY)

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.

Start free trial