WisdomTree, Inc. (WT) intrinsic value & 10-year financials
WisdomTree, Inc. (WT) has a Graham intrinsic value of $24.91 per share. At $21.39 on Oct 17, 2026, the stock trades 14% below that value. Over the last 10 fiscal years revenue grew 9.5% a year to $493.8M, with an average return on invested capital of 17.6%.
- Graham intrinsic value
- $24.91
- Share price (Oct 17, 2026)
- $21.39
- Price vs Graham value
- 14% below
- Market cap
- $3.1B
- Revenue (FY2025)
- $493.8M
- Revenue growth (10-yr CAGR)
- 9.5%
- ROIC (10-yr avg)
- 17.6%
- Free cash flow (FY2025)
- $147.7M
WT 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $493.8M | $109.1M | $0.75 | $147.7M | 35.3% | 35.0% |
| FY2024 | $427.7M | $66.7M | $0.00 | $113.3M | 32.1% | 27.2% |
| FY2023 | $349.0M | $102.5M | $0.00 | $85.5M | 25.1% | 18.5% |
| FY2022 | $301.3M | $50.7M | $0.00 | $54.9M | 19.9% | 12.7% |
| FY2021 | $304.3M | $49.8M | $0.00 | $75.0M | 29.3% | 19.0% |
| FY2020 | $429.0K | -$35.7M | -$0.00 | $28.9M | 12839.6% | 13.2% |
| FY2019 | $268.4M | -$10.4M | -$0.00 | $46.8M | 19.9% | 5.7% |
| FY2018 | $274.1M | $36.6M | $0.00 | $37.4M | 22.4% | 9.3% |
| FY2017 | $226.7M | $27.2M | $0.00 | $48.2M | 21.7% | — |
| FY2016 | $218.2M | $26.2M | $0.00 | $53.8M | 29.1% | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
WisdomTree, Inc. is a consistent compounder, expanding top-line revenue at 9.5% annually over the past decade.
WisdomTree, Inc. has earned high returns on invested capital, averaging 17.6% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.
Over the decade, WisdomTree, Inc. shows that management has aggressively returned capital to shareholders by retiring 99.9% of outstanding shares.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, WisdomTree, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $24.91 per share.