Webco Industries Inc WEBC

MaterialsMachinery, Tools, Heavy Vehicles, Trains & ShipsUnited States of America

Last close 310.00 USD on Nov 2, 2026, +42.2% year to date

Quant rating

Quant rating C Rank 96 of 151 in Materials

Growth C 91 of 151
Valuation D 144 of 151
Quality C 71 of 151
Revisions D 133 of 151
Momentum A 2 of 151

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 210M
Enterprise value: 312M
52-week range: 186.00 – 393.00
3-year range: 137.00 – 393.00
Dividend yield: –
Beta (5 years): −0.14
Shares outstanding: 0.7M
Next earnings: –

About the company

Webco Industries, Inc. is a full-service provider of carbon steel, stainless steel and other metal specialty tube products designed for industry and customer specifications. Its operations include activities related to manufacturing, including value added, and sale of metal tubular and other related products principally made of carbon and stainless steel. The Company produces tubing for a wide variety of markets and end-use applications. It offers specialty stainless tubing, heat exchanger tubing, stainless steel, boiler tubing, coiled tubing, mechanical tubing, hydraulic tubing, fuel delivery & exhaust tubing, steering & suspension tubing, roll cage & chassis tubing, and welded pipe. It also provides carbon/alloy and welded carbon tubing products for pressure tube applications. The Company caters to a range of industries, including automotive, oil and gas, refining, processing, power generation, agriculture, and mining, with products used in consumer durable and capital goods.

Growth and profitability

Growth and profitability by fiscal year
	2026	2025	2024	2023	2022	5Y avg
Revenue (mil)	671	585	608	687	704	–
Revenue growth	14.8%	−3.9%	−11.4%	−2.4%	50.9%	7.5%
EPS (basic, normalized)	10.10	2.70	4.20	−2.30	−0.20	–
EPS growth	274.1%	−35.7%	–	–	–	–
Gross margin	14.0%	11.4%	11.8%	13.0%	16.8%	13.4%
Net margin	2.7%	1.6%	2.6%	3.9%	6.9%	3.5%
ROE	6.0%	3.0%	5.2%	9.3%	19.2%	8.5%

Balance sheet, last quarter
Cash & short-term investments (mil)	9.1
Current ratio	1.77x
Long-term debt (mil)	21.0
Net debt (mil)	101
Total equity (mil)	312
Net debt / equity	0.33x
Net debt / EBITDA	4.67x

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2026 actual	671	+14.8%	0.5x	21.7	–	14.4x	10.10	+274.1%	30.7x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2027	–	–	–	–	–	–	–	–
2028	–	–	–	–	–	–	–	–
2029	–	–	–	–	–	–	–	–

Earnings surprises

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Jul 2002	FQ-8	Jan 2003	Apr 2003	Jul 2003	Oct 2003	Jan 2004	Apr 2004	Jul 2004	Oct 2004
Sales reported (mil)	38.1	40.6	43.1	44.7	43.6	49.1	46.2	55.9	61.4	71.7
Sales mean (mil)	–	–	–	–	–	–	–	–	–	–
Surprise	–	–	–	–	–	–	–	–	–	–
EPS reported	0.90	–	1.20	0.10	0.00	0.60	0.50	3.30	5.70	9.20
EPS mean	–	–	–	–	–	–	–	–	–	–
Surprise	–	–	–	–	–	–	–	–	–	–

Peer comparison Machinery, Tools, Heavy Vehicles, Trains & Ships

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
WEBC Webco Industries Inc	210M	4.67x	2.7%	0.68x	–	–	–	–
HLP Hongli Group Inc	304M	–	9.9%	5.17x	–	–	–	–
LUD Luda Technology Group Ltd	93M	–	1.7%	4.21x	–	–	–	–
Mean		4.67x	4.8%	3.35x	–	–	–	–
Median		4.67x	2.7%	4.21x	–	–	–	–

Technical analysis

1M−10.1%
3M+12.7%
1Y+58.2%
3Y+77.1%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Webco Industries Inc, fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Total revenue	671	585	608	687	704	467
Cost of revenue	577	518	537	598	586	405
Gross profit	94.0	66.8	71.8	89.4	118	61.8
Selling, general & administrative expenses	66.0	50.2	50.9	50.5	53.3	35.8
Research & development	–	–	–	–	–	–
Interest expense (income), operating	–	–	–	–	–	–
Unusual expense (income)	–	–	–	–	–	–
Other operating expenses	0	0	0	0	0	0
Operating income	28.0	16.6	20.9	38.9	64.8	26.0
Net interest income (expense)	−5.9	−5.3	−4.0	−6.1	−3.3	−1.3
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	0	0	0	0	0	0
Net income before taxes	22.1	11.3	16.9	32.8	61.5	24.7
Provision for taxes	3.7	1.9	0.9	6.2	13.2	5.0
Minority interest	–	–	–	–	–	–
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	18.3	9.3	16.1	26.6	48.4	19.7
Extraordinary items	–	–	–	–	–	–
Net income	18.3	9.3	16.1	26.6	48.4	19.7
EBIT, normalized	28.0	16.6	20.9	38.9	64.8	26.0
EBITDA, normalized	48.2	35.7	36.5	52.6	79.4	39.9
Basic EPS, normalized	10.10	2.70	4.20	−2.30	−0.20	–

Balance sheet in millions of USD, fiscal years

Balance sheet, Webco Industries Inc, fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Assets
Cash & short-term investments	9.1	15.1	17.1	22.1	12.7	8.4
Receivables	90.1	73.0	70.2	68.5	83.7	75.2
Total inventory	226	189	170	208	244	150
Prepaid expenses	3.9	4.5	9.5	2.6	11.8	7.2
Other current assets	0	0	0	0	0	0
Total current assets	329	282	266	301	353	241
Property, plant & equipment	185	189	191	169	146	137
Goodwill	–	–	–	–	–	–
Intangibles	–	–	–	–	–	–
Long-term investments	–	–	–	–	–	–
Note receivable	–	–	–	–	–	–
Other long-term assets	20.4	18.6	15.6	13.4	9.7	7.2
Total assets	535	489	473	484	508	385
Liabilities
Accounts payable	49.2	51.7	28.1	33.5	53.3	34.6
Payable/accrued	–	–	–	–	–	–
Accrued expenses	47.3	36.7	38.1	39.6	38.1	26.9
Short-term debt	–	–	–	–	–	–
Current portion of long-term debt	89.4	66.1	49.5	69.0	115	59.0
Other current liabilities	0	0	0	0	0	0
Total current liabilities	186	155	116	142	206	120
Long-term debt	21.0	20.6	20.7	20.8	12.6	12.9
Minority interest	–	–	–	–	–	–
Other liabilities	16.2	15.5	17.5	18.3	17.1	20.6
Total liabilities	223	191	154	181	236	154
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	0	0	0	0	0	0
Additional paid-in capital	48.2	47.0	54.3	52.6	48.4	50.1
Retained earnings (accumulated deficit)	263	252	265	250	224	181
Treasury stock	–	–	–	–	–	–
Other equity	0.3	0	0	0	0	0
Total equity	312	299	319	302	272	231
Total liabilities & shareholders' equity	535	489	473	484	508	385

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Webco Industries Inc, fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Operating activities
Net income	–	–	–	–	–	–
Depreciation, depletion & amortization	20.2	19.1	15.6	13.7	14.6	13.9
Deferred taxes	–	–	–	–	–	–
Non-cash items	–	–	–	–	–	–
Changes in working capital	–	–	–	–	–	–
Cash from operations	−3.9	36.0	65.6	82.9	−15.7	5.0
Investing activities
Capital expenditures	–	–	–	–	–	–
Other investing cash flows	–	–	–	–	–	–
Cash from investing	–	–	–	–	–	–
Financing activities
Financing cash flow items	–	–	–	–	–	–
Cash dividends paid	–	–	–	–	–	–
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	–	–	–	–	–	–
Cash from financing	–	–	–	–	–	–
Foreign exchange effects	–	–	–	–	–	–
Net change in cash	–	–	–	–	–	–
Free cash flow	−3.9	36.0	65.6	82.9	−15.7	5.0

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 2, 2026 after market close.