MSFT
Microsoft Corporation
MSFT has the edge over WEX overall, supported by stronger fundamentals and lower modeled downside.
WEX
WEX Inc.
WEX offers stronger valuation, but that advantage does not outweigh its weaker overall profile.
MSFT Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Healthy | |
| Strong |
MSFT's revenue, profitability, cash flow and balance sheet are all currently healthy.
WEX Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Weak | |
| Weak |
WEX's revenue and profitability are currently healthy, but its cash flow and balance sheet are weak.
MSFT PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 25x | $523 | — |
| Cheap | 27x | $525 | +0.4% |
| Current | 27x | $523 | — |
| Fair | 34x | $652 | +25% |
| Expensive | 37x | $711 | +36% |
Historical ranges are pointers, not guarantees.
MSFT's PE is in its cheap range at 27x. If earnings grow as analysts expect, today's price would be 25x next year's earnings.
WEX PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 7.9x | $179 | — |
| Current | 15x | $179 | — |
| Cheap | 19x | $215 | +20% |
| Fair | 28x | $329 | +83% |
| Expensive | 53x | $610 | +240% |
Historical ranges are pointers, not guarantees.
WEX has the edge over MSFT in the historical PE scenario, which offers more potential upside but is not a forecast.
MSFT Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Strong growth | |
| Stable | |
| Moderate | |
| High |
Analysts expect strong earnings and revenue growth for MSFT, with profitability holding steady.
WEX Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Moderate | |
| Low |
WEX has the edge over MSFT on the outlook, with more favorable profitability expectations.
MSFT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $20.79 | +8.6% |
| Q3 2026 | $19.15 | +36% |
| Q2 2026 | $17.95 | +32% |
| Q1 2026 | $16.80 | +30% |
| Q4 2025 | $15.99 | +29% |
| Q3 2025 | $14.06 | +16% |
| Q2 2025 | $13.64 | +16% |
| Q1 2025 | $12.93 | +12% |
| Q4 2024 | $12.41 | +12% |
MSFT's earnings per share have climbed steadily: $19.15 over the past year, up 36% from the year before, and higher year over year for 14 quarters in a row.
WEX Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $22.68 | +96% |
| Q3 2026 | $11.59 | +51% |
| Q2 2026 | $10.01 | +27% |
| Q1 2026 | $8.88 | +14% |
| Q4 2025 | $8.47 | +13% |
| Q3 2025 | $7.69 | -2.4% |
| Q2 2025 | $7.91 | +37% |
| Q1 2025 | $7.76 | +26% |
| Q4 2024 | $7.50 | +22% |
WEX earned $11.59 per share over the past year, up 51% from the year before.
MSFT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $92.3B | +19% |
| Q2 2026 | $90B | +18% |
| Q1 2026 | $82.9B | +18% |
| Q4 2025 | $81.3B | +17% |
| Q3 2025 | $77.7B | +18% |
| Q2 2025 | $76.4B | +18% |
| Q1 2025 | $70.1B | +13% |
| Q4 2024 | $69.6B | +12% |
MSFT has the edge over WEX on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 50% | +0.9 points |
| Q2 2026 | 45% | +0.2 points |
| Q1 2026 | 46% | +0.7 points |
| Q4 2025 | 47% | +1.6 points |
| Q3 2025 | 49% | +2.3 points |
| Q2 2025 | 45% | +1.8 points |
| Q1 2025 | 46% | +1.1 points |
| Q4 2024 | 45% | +1.9 points |
MSFT has the edge over WEX on profitability, with a higher operating margin.
WEX Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $780.1M | +13% |
| Q2 2026 | $753.5M | +14% |
| Q1 2026 | $673.8M | +5.8% |
| Q4 2025 | $672.9M | +5.7% |
| Q3 2025 | $691.8M | +4% |
| Q2 2025 | $659.6M | -2.1% |
| Q1 2025 | $636.6M | -2.5% |
| Q4 2024 | $636.5M | -4% |
WEX's revenue has grown year over year for five quarters in a row: $780M last quarter, up 13% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 31% | +4.1 points |
| Q2 2026 | 27% | +3.2 points |
| Q1 2026 | 23% | -1.2 points |
| Q4 2025 | 25% | 0 points |
| Q3 2025 | 27% | -3 points |
| Q2 2025 | 24% | -1.2 points |
| Q1 2025 | 25% | -0.5 points |
| Q4 2024 | 25% | +0.8 points |
WEX's operating margin was 31% last quarter, up 4.1 points from the same quarter a year ago, near the top of its range since 2019.
MSFT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $18.6B | -27% |
| Q2 2026 | $19.6B | -23% |
| Q1 2026 | $15.8B | -22% |
| Q4 2025 | $5.9B | -9.3% |
| Q3 2025 | $25.7B | +33% |
| Q2 2025 | $25.6B | +9.6% |
| Q1 2025 | $20.3B | -3.2% |
| Q4 2024 | $6.5B | -29% |
MSFT has the edge over WEX on cash generation, producing positive trailing cash flow while its opponent burns cash.
WEX Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$58.2M | -117% |
| Q2 2026 | -$121.1M | -153% |
| Q1 2026 | -$368.3M | +$145.9M |
| Q4 2025 | $236.1M | -61% |
| Q3 2025 | $341.6M | +$373.3M |
| Q2 2025 | $230M | +$276.6M |
| Q1 2025 | -$514.2M | -$326.9M |
| Q4 2024 | $599.7M | -17% |
WEX's free cash flow was −$312M over the past year, against $657M the year before.
MSFT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.1% | -7M shares |
| 1 year | -0.3% | -20M shares |
| 3 years | -0.2% | -16M shares |
| 5 years | -1.6% | -121M shares |
| Available history | -3.2% | -245M shares |
MSFT has 7.4B diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | $4.4B |
| Q2 2026 | $4.6B |
| Q1 2026 | $4.6B |
| Q4 2025 | $7.4B |
| Q3 2025 | $5.7B |
| Q2 2025 | $4.5B |
| Q1 2025 | $4.8B |
| Q4 2024 | $5B |
MSFT spent $21B buying back its own shares over the past year, up 5.2% from the year before.
WEX Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.9% | -300K shares |
| 1 year | -0.6% | -200K shares |
| 3 years | -20% | -8.8M shares |
| 5 years | -24% | -10.7M shares |
| Available history | -21% | -9.2M shares |
WEX has the edge over MSFT on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $203.6M |
| Q2 2026 | $63.8M |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | $100,000 |
| Q2 2025 | $9.7M |
| Q1 2025 | $790M |
| Q4 2024 | $108.4M |
WEX spent $267M buying back its own shares over the past year, down 71% from the year before.
MSFT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.1x | Very low |
| Q2 2026 | 0.1x | Very low |
MSFT has the edge over WEX on leverage, with a lower net debt burden relative to earnings.
WEX Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 4.7x | High |
| Q2 2026 | 4.4x | High |
| Q1 2026 | 5.0x | High |
| Q4 2025 | 4.3x | High |
| Q3 2025 | 4.6x | High |
| Q2 2025 | 5.1x | High |
| Q1 2025 | 5.3x | High |
| Q4 2024 | 4.0x | High |
WEX's net debt is about 4.7 years of its operating earnings (EBITDA), about the same as a year ago.
MSFT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 62.1 | Neutral |
| Stochastic | 68.0 | Neutral |
MSFT's weekly RSI is 62 (neutral) and its Stochastic is 68 (neutral).
WEX Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 52.2 | Neutral |
| Stochastic | 41.5 | Neutral |
WEX's weekly RSI is 52 (neutral) and its Stochastic is 41 (neutral).
MSFT PE vs Technology Sector
| Metric | MSFT | Sector median | Relative |
|---|---|---|---|
| PE | 27x | 28x | 2% below |
| PE % | 16 | 35 | 19 pts below |
MSFT is trading at 27x earnings, in line with the Technology sector's median of 28x.
WEX PE vs Technology Sector
| Metric | WEX | Sector median | Relative |
|---|---|---|---|
| PE | 15x | 28x | 44% below |
| PE % | 1 | 35 | 34 pts below |
WEX has the edge over MSFT on valuation relative to its sector.
MSFT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $524.7 | 0.3% below |
| 20 week MA | $484.8 | 7.9% above |
| 50 week MA | $446.9 | 17% above |
| 100 week MA | $453.8 | 15% above |
| 200 week MA | $411.5 | 27% above |
MSFT has the edge over WEX on trend strength, trading above more of its moving averages.
WEX Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $180.7 | 0.7% below |
| 20 week MA | $181.5 | 1.1% below |
| 50 week MA | $163.9 | 9.5% above |
| 100 week MA | $158.9 | 13% above |
| 200 week MA | $175.3 | 2.4% above |
WEX has slipped below its 8- and 20-week averages, though it's still 2.4% above its 200-week average.
MSFT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $159.0 | $222.8 | +40% |
| 2021 | $222.8 | $334.7 | +50% |
| 2022 | $334.7 | $238.7 | -29% |
| 2023 | $238.7 | $376.0 | +58% |
| 2024 | $376.0 | $430.5 | +14% |
| 2025 | $430.5 | $487.7 | +13% |
| 2026 YTD | $487.7 | $523.0 | +7.2% |
MSFT has finished higher in five of the last six years, two of them by more than 50%. It's up 7.2% so far in 2026.
WEX Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $209.4 | $203.5 | -2.8% |
| 2021 | $203.5 | $137.6 | -32% |
| 2022 | $137.6 | $161.9 | +18% |
| 2023 | $161.9 | $194.6 | +20% |
| 2024 | $194.6 | $173.1 | -11% |
| 2025 | $173.1 | $153.1 | -12% |
| 2026 YTD | $153.1 | $179.5 | +17% |
WEX has the edge over MSFT on returns for 2026, with the stronger performance.