Stock-based compensation increased 28.7%
Stock-based compensation changed +28.7% from the comparable as-filed period. This reverses 2 consecutive comparable moves in the opposite direction.
$33.5M→$43.1M2 prior comparisons
GROSSPATTERN / DETERMINISTIC EVIDENCE / V3
Search securities →WEX financial changes
Ranked by interpretable importance, issuer history, magnitude, and accounting profile. No directional recommendation.
Debt / revenue moved 2805 bp lower
Debt / revenue changed -2805 basis points from the comparable as-filed period. This reverses 2 consecutive comparable moves in the opposite direction.
1054.94%→1026.90%2 prior comparisons
Free-cash-flow margin moved 8205 bp lower
Free-cash-flow margin changed -8205 basis points from the comparable as-filed period.
70.93%→-11.12%2 prior comparisons
Operating cash-flow margin moved 8034 bp lower
Operating cash-flow margin changed -8034 basis points from the comparable as-filed period.
78.20%→-2.14%2 prior comparisons
Capital expenditure increased 34.3%
Capital expenditure changed +34.3% from the comparable as-filed period.
$35.0M→$47.0M2 prior comparisons
Cash / debt moved 497 bp lower
Cash / debt changed -497 basis points from the comparable as-filed period.
16.00%→11.03%3 prior comparisons
Revenue increased 8.7%
Revenue changed +8.7% from the comparable as-filed period.
$481.6M→$523.5M2 prior comparisons
Net debt increased 12.1%
Net debt changed +12.1% from the comparable as-filed period.
$4.3B→$4.8B3 prior comparisons
SBC / revenue moved 128 bp higher
SBC / revenue changed +128 basis points from the comparable as-filed period. This reverses 2 consecutive comparable moves in the opposite direction.
6.96%→8.23%2 prior comparisons
Capex / revenue moved 171 bp higher
Capex / revenue changed +171 basis points from the comparable as-filed period.
7.27%→8.98%2 prior comparisons
Debt / assets moved 201 bp lower
Debt / assets changed -201 basis points from the comparable as-filed period. The change ranks at the 25th percentile of 4 prior comparable changes.
35.20%→33.19%4 prior comparisons
Working capital / assets moved 141 bp lower
Working capital / assets changed -141 basis points from the comparable as-filed period. The change ranks at the 25th percentile of 4 prior comparable changes. This reverses 2 consecutive comparable moves in the opposite direction.
3.20%→1.79%4 prior comparisons
Noncurrent long-term debt decreased 7.0%
Noncurrent long-term debt changed -7.0% from the comparable as-filed period. The change ranks at the 0th percentile of 4 prior comparable changes.
$3.7B→$3.5B4 prior comparisons
Shares outstanding decreased 4.2%
Shares outstanding changed -4.2% from the comparable as-filed period. The change ranks at the 50th percentile of 8 prior comparable changes.
34,288,525→32,864,0488 prior comparisons
Gross debt increased 5.8%
Gross debt changed +5.8% from the comparable as-filed period. The change ranks at the 25th percentile of 4 prior comparable changes.
$5.1B→$5.4B4 prior comparisons
Cost of revenue increased 4.8%
Cost of revenue changed +4.8% from the comparable as-filed period.
$274.3M→$287.4M2 prior comparisons
Current ratio decreased 2.3%
Current ratio changed -2.3% from the comparable as-filed period. The change ranks at the 50th percentile of 4 prior comparable changes. This reverses 2 consecutive comparable moves in the opposite direction.
1.05→1.034 prior comparisons
Current long-term debt unchangedd 0.0%
Current long-term debt changed +0.0% from the comparable as-filed period. The change ranks at the 0th percentile of 4 prior comparable changes.
$54.7M→$54.7M4 prior comparisons
Debt / revenue moved 15526 bp lower
Debt / revenue changed -15526 basis points from the comparable as-filed period. This reverses 2 consecutive comparable moves in the opposite direction.
1209.60%→1054.33%2 prior comparisons
Free-cash-flow proxy changed across a sign change
Free-cash-flow proxy changed -152.7% from the comparable as-filed period. Relative percentage is de-emphasized because the comparison has a sign change.
$230.0M→-$121.1M3 prior comparisons
Short-term borrowings increased 19.7%
Short-term borrowings changed +19.7% from the comparable as-filed period. The change ranks at the 50th percentile of 4 prior comparable changes.
$1.5B→$1.8B4 prior comparisons
Free-cash-flow margin moved 7421 bp lower
Free-cash-flow margin changed -7421 basis points from the comparable as-filed period.
50.62%→-23.59%2 prior comparisons
Operating cash flow changed across a sign change
Operating cash flow changed -129.3% from the comparable as-filed period. Relative percentage is de-emphasized because the comparison has a sign change.
$264.6M→-$77.6M3 prior comparisons
Operating cash-flow margin moved 7335 bp lower
Operating cash-flow margin changed -7335 basis points from the comparable as-filed period.
58.23%→-15.12%2 prior comparisons
Revenue increased 13.0%
Revenue changed +13.0% from the comparable as-filed period.
$454.4M→$513.3M2 prior comparisons
Net debt decreased 10.0%
Net debt changed -10.0% from the comparable as-filed period. This reverses 3 consecutive comparable moves in the opposite direction.
$4.7B→$4.3B3 prior comparisons
Cash / debt moved 741 bp higher
Cash / debt changed +741 basis points from the comparable as-filed period.
14.06%→21.46%3 prior comparisons
Debt / assets moved 466 bp lower
Debt / assets changed -466 basis points from the comparable as-filed period. The change ranks at the 25th percentile of 4 prior comparable changes.
37.46%→32.80%4 prior comparisons
Capital expenditure increased 25.7%
Capital expenditure changed +25.7% from the comparable as-filed period.
$34.6M→$43.5M3 prior comparisons
Noncurrent long-term debt decreased 9.9%
Noncurrent long-term debt changed -9.9% from the comparable as-filed period. The change ranks at the 50th percentile of 4 prior comparable changes.
$3.9B→$3.5B4 prior comparisons
Stock-based compensation increased 14.8%
Stock-based compensation changed +14.8% from the comparable as-filed period. This reverses 2 consecutive comparable moves in the opposite direction.
$31.7M→$36.4M2 prior comparisons
Capex / revenue moved 86 bp higher
Capex / revenue changed +86 basis points from the comparable as-filed period.
7.61%→8.47%2 prior comparisons
SBC / revenue moved 12 bp higher
SBC / revenue changed +12 basis points from the comparable as-filed period. This reverses 2 consecutive comparable moves in the opposite direction.
6.98%→7.09%2 prior comparisons
Cost of revenue increased 6.2%
Cost of revenue changed +6.2% from the comparable as-filed period.
$272.7M→$289.7M2 prior comparisons
Gross debt decreased 1.5%
Gross debt changed -1.5% from the comparable as-filed period. The change ranks at the 0th percentile of 4 prior comparable changes.
$5.5B→$5.4B4 prior comparisons
Shares outstanding decreased 0.5%
Shares outstanding changed -0.5% from the comparable as-filed period. The change ranks at the 0th percentile of 8 prior comparable changes.
34,264,311→34,081,6118 prior comparisons
Working capital / assets moved 33 bp higher
Working capital / assets changed +33 basis points from the comparable as-filed period. The change ranks at the 25th percentile of 4 prior comparable changes.
2.72%→3.05%4 prior comparisons
Current long-term debt decreased 0.2%
Current long-term debt changed -0.2% from the comparable as-filed period. The change ranks at the 0th percentile of 4 prior comparable changes. This reverses 2 consecutive comparable moves in the opposite direction.
$54.8M→$54.7M4 prior comparisons
Current ratio increased 0.2%
Current ratio changed +0.2% from the comparable as-filed period. The change ranks at the 25th percentile of 4 prior comparable changes.
1.04→1.044 prior comparisons
Method Importance combines metric-family relevance, magnitude, issuer-history unusualness, persistence, and financial-statement significance. It is analytical prioritization, not a legal materiality conclusion or investment signal.