Windtree Therapeutics Inc. /DE/ (WINT) intrinsic value & 10-year financials

Windtree Therapeutics Inc. /DE/ (WINT) has a Graham intrinsic value of $86.47 per share.

Graham intrinsic value
$86.47
Share price (Oct 17, 2026)
$0.00
Market cap
$1.0K
Revenue (FY2024)
—
Revenue growth (10-yr CAGR)
-33.1%
ROIC (10-yr avg)
-51.6%
Free cash flow (FY2024)
-$15.4M

WINT 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2024 — -$1.8M — -$15.4M — -572.4%
FY2023 — -$20.3M — -$13.5M — -723.1%
FY2022 — -$39.2M — -$19.5M — -295.1%
FY2021 — -$67.6M — -$23.9M — -180.9%
FY2020 — -$32.6M — -$25.6M — -57.2%
FY2019 $198.0K -$27.5M — -$24.9M -12572.2% -51.7%
FY2018 $1.8M -$20.5M — — -905.8% -92.9%
FY2017 $1.5M -$18.4M -$24.14 -$21.1M -1518.4% 195.9%
FY2016 $2.0M -$39.5M -$4.74 -$33.9M -1862.7% 531.0%
FY2015 $987.0K -$55.2M -$7.98 -$34.0M -4035.9% 730.1%

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

WINDTREE THERAPEUTICS INC /DE/ revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

WINDTREE THERAPEUTICS INC /DE/ has historically struggled to out-earn its cost of capital, averaging just -20.5% ROIC.

Over the decade, WINDTREE THERAPEUTICS INC /DE/ shows that the company has leveraged its balance sheet to sustain operations.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, WINDTREE THERAPEUTICS INC /DE/ is modeled at -33.1% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $86.47 per share.

WINT stock: frequently asked questions

What is the intrinsic value of Windtree Therapeutics Inc. /DE/ (WINT) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a -33.1% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, WINT's intrinsic value is about $86.47 per share.

Does Windtree Therapeutics Inc. /DE/ generate free cash flow?

Windtree Therapeutics Inc. /DE/ generated -$15.4M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2024. Free cash flow was positive in 0 of the last 9 reported years.

What is WINT's return on invested capital?

Average ROIC over the last 10 fiscal years was -51.6%, and average return on equity was -99.2%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this WINT data come from?

From Windtree Therapeutics Inc. /DE/'s annual 10-K filings on SEC EDGAR, most recently filed Nov 19, 2025. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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