All three tenses have at least two readings, so the archetype blend applies as printed.
All nine metrics read as filed from the record.
What did they actually do?
Has it survived what it has been through?
2 warning events since 2017; the latest 2019-03-04.
From the record
WEX Inc.'s filings since 2017 show 2 warning events: a late-report notice (Form NT 10-K or NT 10-Q, 2 times, the latest 2019-03-04) (its current reports).
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What has it actually done, year after year?
+11.3% a year over 10 filed years; profitable in 9 of 10.
From the record
WEX Inc.'s 10 filed years say what it did: revenue went from $1.0 billion in fiscal 2016 to $2.7 billion in fiscal 2025, up 11.3% a year; it rose in 8 of 9 years; the deepest fall was 10% from fiscal 2019 to fiscal 2020; net income was positive in 9 of 10 of those years (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
How has it treated the people who own it?
Share count shrank 7.0% a year. 95% of cash flow returned. Insiders: 45 sales, 2 purchases.
From the record
Over the 3 fiscal years to 2025-12-31, WEX Inc.'s diluted share count shrank about 7.0% a year, and dividends and buybacks returned about 95% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 45 sales (29 under scheduled 10b5-1 plans) and 2 purchases of their own stock on the open market in the year to 2026-11-12, buying about $359 thousand (their Form 4 filings).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What are they doing right now?
Is it financially healthy right now?
ROE 25%: 25¢ of profit per shareholder dollar. Leverage 91%: owes 91¢ per asset dollar.
From the record
Return on equity: in the fiscal year ended 2025-12-31, WEX Inc. earned about 25 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned about 11 cents per dollar of everything the company owns (revenue less the cost of revenue). Leverage: it owed about 91 cents per dollar of assets, and net share issuance: its share count shrank 13.1% over the year (the filed statements).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
How strong is its position in its industry?
top 40% of 101 in its family; net margin 11.4%.
From the record
WEX Inc.'s standing among 101 graded names in its industry family: revenue of $2.7 billion in fiscal 2025 ranks in the top 34% by size; a net margin of 11.4% ranks in the top 24%; revenue growth of 4.2% a year over the last 3 filed years ranks in the bottom 39% (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What are the people in charge doing?
top 27% of 65 in its family for leadership; chief executive since 2014.
From the record
WEX Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Smith, Melissa D (CEO and President, as filed), filing under that title since 2014-02-20, 12.7 years (top 13% of its family); the 22 officers and directors filing in the last fifteen months have been on the record a median of 4.8 years (bottom 41%); 4 officer or director changes were reported on Form 8-K since 2023-11-13, against the 22 people in charge now (top 10%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What are they set up to do next?
How much room does it have to grow?
bottom 47% of 99 in its family for room to expand.
From the record
WEX Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $906 million against debt of $3.5 billion leaves -18.2% of its assets as net cash, bottom 24% of its family; cash from operations less capital spending is 11.8% of revenue (top 48%); a gross margin of 58.6% (top 36%) (its annual report).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What could actually drive growth from here?
bottom 40% of 99 in its family for growth drivers.
From the record
WEX Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 4.2% a year over the last three filed years against 11.3% over all 10, slowing (bottom 36% of its family); the newest year grew 1.2% (bottom 32%); capital spending grew 7.6% a year (top 47%) (its annual reports). WEX Inc. reported 3 lines of business in fiscal 2025: Mobility at $1.4 billion (52%), Benefits at $797 million (30%), Corporate Payments at $477 million (18%); 1 of 3 grew against the year before (its annual report).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
Did its newest year beat what its own record pointed to?
bottom 36% of 93 in its family for expectations against reality.
From the record
WEX Inc.'s newest year against its own record: revenue of $2.7 billion in fiscal 2025 came in 4.2% below the $2.8 billion its prior three years' pace pointed to (bottom 34% of its family); net income of $304 million against a prior three-year average of $248 million (bottom 32%); a net margin of 11.4% against 9.8% before (bottom 41%) (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made