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WidePoint Corporation (WYY) 10-Year Financial Performance & Capital Metrics

WYY • • Industrial / General
TechnologyIT ServicesCybersecurity & Defense SolutionsGovernment Cybersecurity
AboutWidePoint Corporation provides technology management as a service (TMaaS) to the government and business enterprises in North America and Europe. It offers TMaaS solutions through a federal government certified proprietary portal to manage, analyze, and protect communications assets, as well as deploy identity management solutions that provide secured virtual and physical access to restricted environments. The company provides telecom lifecycle management, mobile and identity management, and digital billing and analytics solutions. It also offers information technology as a service, including cybersecurity, cloud, network operation, and professional services. WidePoint Corporation was founded in 1991 and is headquartered in Fairfax, Virginia.Show more
  • Revenue $143M +34.5%
  • EBITDA $1M +519.6%
  • Net Income -$2M +52.2%
  • EPS (Diluted) -0.21 +54.3%
  • Gross Margin 13.33% -9.7%
  • EBITDA Margin 0.97% +412.0%
  • Operating Margin -1.32% +62.2%
  • Net Margin -1.36% +64.5%
  • ROE -13.69% +45.1%
  • ROIC -11.63% +41.2%
  • Debt/Equity 0.36 +12.2%
  • Interest Coverage -7.74 +49.9%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Momentum leader: RS Rating 84 (top 16%)
  • ✓Efficient asset utilization: 2.0x turnover

✗Weaknesses

No significant weaknesses identified

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y10.34%
5Y6.99%
3Y17.75%
TTM9.62%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM22.39%

EPS CAGR

10Y-
5Y-
3Y-
TTM25.86%

ROCE

10Y Avg-10.5%
5Y Avg-13.26%
3Y Avg-25.19%
Latest-9.76%

Peer Comparison

Government Cybersecurity
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TLSTelos Corporation429.25M5.82-7.97-25.52%-20.47%-24.7%0.08
WYYWidePoint Corporation68.15M6.89-32.8134.47%-1.55%-18.57%2.29%0.36

Profit & Loss

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+70.84M78.42M75.88M83.68M101.72M180.34M87.34M94.1M106.03M142.57M
Revenue Growth %0.33%0.11%-0.03%0.1%0.22%0.77%-0.52%0.08%0.13%0.34%
Cost of Goods Sold+57.61M64.41M62.19M68.41M84.34M159.89M70.97M79.53M90.38M123.57M
COGS % of Revenue0.81%0.82%0.82%0.82%0.83%0.89%0.81%0.85%0.85%0.87%
Gross Profit+13.23M14.01M13.69M15.27M17.38M20.46M16.37M14.58M15.65M19M
Gross Margin %0.19%0.18%0.18%0.18%0.17%0.11%0.19%0.15%0.15%0.13%
Gross Profit Growth %-0.02%0.06%-0.02%0.12%0.14%0.18%-0.2%-0.11%0.07%0.21%
Operating Expenses+18.69M18.17M17.15M15.46M16.49M17.23M15.76M34.21M19.35M20.88M
OpEx % of Revenue0.26%0.23%0.23%0.18%0.16%0.1%0.18%0.36%0.18%0.15%
Selling, General & Admin17.64M17.12M16.6M15.04M15.5M16.14M14.73M16.85M18.07M19.88M
SG&A % of Revenue0.25%0.22%0.22%0.18%0.15%0.09%0.17%0.18%0.17%0.14%
Research & Development673.09K699.01K219.14K0000000
R&D % of Revenue0.01%0.01%0%-------
Other Operating Expenses33.01K13.54K3.81K-2988.15K1.09M1.03M17.35M1.27M1M
Operating Income+-5.46M-4.16M-3.46M-190.41K885.25K3.22M607.61K-19.63M-3.7M-1.88M
Operating Margin %-0.08%-0.05%-0.05%-0%0.01%0.02%0.01%-0.21%-0.03%-0.01%
Operating Income Growth %-0.17%0.24%0.17%0.95%5.65%2.64%-0.81%-33.31%0.81%0.49%
EBITDA+-5.08M-2.6M-1.97M1.12M2.8M4.85M2.27M-17.1M-330.92K1.39M
EBITDA Margin %-0.07%-0.03%-0.03%0.01%0.03%0.03%0.03%-0.18%-0%0.01%
EBITDA Growth %-0.81%0.49%0.24%1.57%1.5%0.74%-0.53%-8.55%0.98%5.2%
D&A (Non-Cash Add-back)383.26K1.56M1.49M1.31M1.91M1.63M1.66M2.54M3.37M3.27M
EBIT-5.41M-4.14M-3.44M-183.61K929.49K3.23M1.25M-18.25M-3.67M-1.7M
Net Interest Income+-119.47K-57.64K-36.81K-72.74K-305.23K-298.98K-269.07K-217.81K-148.85K-28.25K
Interest Income23.03K14.59K15.35K6.8K5.36K3.94K4.16K41.83K90.68K214.59K
Interest Expense142.5K72.23K52.16K79.54K310.58K302.92K273.23K259.64K239.53K242.84K
Other Income/Expense-86.46K-44.1K-33K-72.75K-266.35K-298.52K373.93K1.13M-211.44K-57.66K
Pretax Income+-5.55M-4.21M-3.5M-263.15K618.9K2.92M981.54K-18.51M-3.91M-1.94M
Pretax Margin %-0.08%-0.05%-0.05%-0%0.01%0.02%0.01%-0.2%-0.04%-0.01%
Income Tax+-81.81K-73.45K37.97K1.19M392.65K-7.4M640.45K5.08M133.24K-3.76K
Effective Tax Rate %0.99%0.98%1.01%5.53%0.37%3.53%0.35%1.27%1.03%1%
Net Income+-5.47M-4.13M-3.53M-1.46M226.25K10.32M341.1K-23.59M-4.05M-1.93M
Net Margin %-0.08%-0.05%-0.05%-0.02%0%0.06%0%-0.25%-0.04%-0.01%
Net Income Growth %0.35%0.24%0.15%0.59%1.16%44.63%-0.97%-70.15%0.83%0.52%
Net Income (Continuing)-5.47M-4.13M-3.53M-1.46M226.25K10.32M341.1K-23.59M-4.05M-1.93M
Discontinued Operations0000000000
Minority Interest0000000000
EPS (Diluted)+-0.66-0.50-0.43-0.170.031.200.04-2.70-0.46-0.21
EPS Growth %0.43%0.24%0.14%0.6%1.16%43.61%-0.97%-73.58%0.83%0.54%
EPS (Basic)-0.66-0.50-0.43-0.170.031.220.04-2.70-0.46-0.21
Diluted Shares Outstanding8.22M8.27M8.29M8.33M8.4M8.6M9.16M8.73M8.83M9.32M
Basic Shares Outstanding8.22M8.27M8.29M8.33M8.4M8.46M9.07M8.73M8.83M9.32M
Dividend Payout Ratio----------

Balance Sheet

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+25.63M22.99M22.3M24.17M36.53M67.49M33.15M27.99M32.84M55.32M
Cash & Short-Term Investments7.93M9.12M5.27M2.43M6.88M16M6.48M7.53M6.92M6.78M
Cash Only7.93M9.12M5.27M2.43M6.88M16M6.48M7.53M6.92M6.78M
Short-Term Investments0000000000
Accounts Receivable17.2M13.31M16.26M20.66M28.56M49.73M24.77M19.52M24.84M43.73M
Days Sales Outstanding88.6461.9478.2290.1102.47100.65103.5275.7285.51111.95
Inventory28.4K123.29K157.06K183.9K213.71K990.98K590.07K222.28K366.13K312.43K
Days Inventory Outstanding0.180.70.920.980.922.263.031.021.480.92
Other Current Assets466.19K42.9K00001.31M713.7K717.54K3.94M
Total Non-Current Assets+25.23M24.24M23.59M22.88M27.76M33.83M47.43M23.21M18.46M16.26M
Property, Plant & Equipment1.51M736.68K1.32M1.01M6.61M6.67M8.8M7.66M4.83M4.73M
Fixed Asset Turnover46.81x106.45x57.56x82.63x15.38x27.04x9.92x12.28x21.97x30.15x
Goodwill18.56M18.56M18.56M18.56M18.56M18.56M22.09M5.81M5.81M5.81M
Intangible Assets5.1M4.3M3.67M3.1M2.45M2.19M6.23M7.4M7.78M5.06M
Long-Term Investments-30.89K-48.83K0-1.58M-1.26M094.91K67.75K00
Other Non-Current Assets60.47K646.83K44.55K209.1K140.4K815.01K0040.59K659.09K
Total Assets+50.86M47.23M45.89M47.06M64.29M101.32M80.58M51.2M51.3M71.58M
Asset Turnover1.39x1.66x1.65x1.78x1.58x1.78x1.08x1.84x2.07x1.99x
Asset Growth %-0.06%-0.07%-0.03%0.03%0.37%0.58%-0.2%-0.36%0%0.4%
Total Current Liabilities+17.6M18M19.72M20.45M31.53M54.44M26.04M26.14M31.46M52.88M
Accounts Payable7.81M8.67M7.27M7.36M13.58M36.22M10.26M12.52M12.63M16.52M
Days Payables Outstanding49.549.1142.6439.2958.7882.6952.7857.4451.0248.81
Short-Term Debt1.03M226.63K133.25K145.93K00794.17K596.53K00
Deferred Revenue (Current)1000K1000K1000K1000K1000K1000K1000K1000K1000K1000K
Other Current Liabilities040.4K398.13K9.44M141.39K7.61K10.48M9.62M00
Current Ratio1.46x1.28x1.13x1.18x1.16x1.24x1.27x1.07x1.04x1.05x
Quick Ratio1.45x1.27x1.12x1.17x1.15x1.22x1.25x1.06x1.03x1.04x
Cash Conversion Cycle39.3213.5436.551.7944.6220.2353.7719.335.9764.06
Total Non-Current Liabilities+1.07M946.19K966.86K2.19M7.83M6.33M12.87M7.31M5.17M5.12M
Long-Term Debt431.76K412.18K0-122.04K000000
Capital Lease Obligations11.96K0232.11K122.04K5.59M5.93M6.03M4.75M4.11M4.2M
Deferred Tax Liabilities447.81K447.81K392.23K1.52M1.87M05.09M2.19M16.92K11.41K
Other Non-Current Liabilities151.99K86.2K78.34K73.95K001.35M6.9K6.9K0
Total Liabilities18.67M18.95M20.68M22.64M39.35M60.77M38.91M33.45M36.62M58M
Total Debt+1.5M642.91K466.95K229.37K6.19M6.51M6.82M5.34M4.75M4.94M
Net Debt-6.43M-8.48M-4.81M-2.2M-686.36K-9.49M339.89K-2.19M-2.17M-1.84M
Debt / Equity0.05x0.02x0.02x0.01x0.25x0.16x0.16x0.30x0.32x0.36x
Debt / EBITDA---0.21x2.22x1.34x3.01x--3.55x
Net Debt / EBITDA----1.97x-0.25x-1.95x0.15x---1.33x
Interest Coverage-38.33x-57.64x-66.39x-2.39x2.85x10.64x2.22x-75.62x-15.45x-7.74x
Total Equity+32.19M28.28M25.21M24.42M24.94M40.55M41.68M17.75M14.68M13.58M
Equity Growth %-0.12%-0.12%-0.11%-0.03%0.02%0.63%0.03%-0.57%-0.17%-0.07%
Book Value per Share3.913.423.042.932.974.714.552.031.661.46
Total Shareholders' Equity32.19M28.28M25.21M24.42M24.94M40.55M41.68M17.75M14.68M13.58M
Common Stock82.52K82.73K83.03K84.11K83.86K8.88K8.84K8.73K8.89K9.49K
Retained Earnings-61.28M-65.42M-68.95M-70.41M-70.18M-59.86M-59.52M-83.1M-87.15M-89.08M
Treasury Stock0000000000
Accumulated OCI-270.14K-309.37K-122.46K-186.49K-242.59K-104.61K-241.59K-350.23K-334.9K-450.94K
Minority Interest0000000000

Cash Flow

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-2.9M2.71M-2.99M-2.13M5.85M6.39M-1.22M6.07M625.25K1.68M
Operating CF Margin %-0.04%0.03%-0.04%-0.03%0.06%0.04%-0.01%0.06%0.01%0.01%
Operating CF Growth %-0.12%1.93%-2.1%0.29%3.74%0.09%-1.19%5.96%-0.9%1.69%
Net Income-5.47M-4.13M-3.53M-1.46M226.25K10.32M341.1K-23.59M-4.05M-1.93M
Depreciation & Amortization1.57M1.56M1.49M1.31M1.91M1.63M1.66M2.53M3.37M3.27M
Stock-Based Compensation299.34K310.99K387.21K683.4K717.99K810.28K00960.99K1.21M
Deferred Taxes-12.3K-17.94K-1.62K1.13M343.66K0470.36K5.03M0-13.47K
Other Non-Cash Items29.64K253.4K194.9K22.11K27.04K15.29M268.56K15.48M5.14M33.03K
Working Capital Changes682.72K4.74M-1.53M-3.82M2.63M-21.67M-3.96M6.61M-4.8M-883.58K
Change in Receivables-2.95M4.38M-2.77M-4.5M-7.97M-21.03M27.28M3.95M-4.69M-19.17M
Change in Inventory8.49K-95.12K-33.06K-26.99K-29.87K-776.88K400.56K367.55K-143.67K53.15K
Change in Payables2.15M1.31M151.73K1.19M10.44M0-30.19M1.25M018.54M
Cash from Investing+-599.97K-606.45K-772.96K-490.35K-516.55K-1.16M-7.44M-3.41M-620.99K141.19K
Capital Expenditures-599.97K-607.55K-1.06M-490.35K-370.32K-254.45K-2.75M-3.41M-208.2K-117.94K
CapEx % of Revenue0.01%0.01%0.01%0.01%0%0%0.03%0.04%0%0%
Acquisitions----------
Investments----------
Other Investing-186.35K1.11K291.53K-228.84K-146.23K-902.58K00-412.78K259.13K
Cash from Financing+-1.55M-881.74K-298.69K-157.7K-843.96K3.73M-705.7K-1.47M-590.15K-894.84K
Debt Issued (Net)----------
Equity Issued (Net)----------
Dividends Paid0000000000
Share Repurchases----------
Other Financing701.71K0-14.17K-56K-5K4.35M-140.89K-49.22K0-258.38K
Net Change in Cash----------
Free Cash Flow+-3.5M2.1M-4.06M-2.63M5.34M6.13M-1.48M5.82M417.05K1.56M
FCF Margin %-0.05%0.03%-0.05%-0.03%0.05%0.03%-0.02%0.06%0%0.01%
FCF Growth %-0.17%1.6%-2.93%0.35%3.03%0.15%-1.24%4.93%-0.93%2.75%
FCF per Share-0.430.25-0.49-0.320.640.71-0.160.670.050.17
FCF Conversion (FCF/Net Income)0.53x-0.66x0.85x1.47x25.88x0.62x-3.58x-0.26x-0.15x-0.87x
Interest Paid0023.67K51.95K216.1K308.26K00223.31K207.05K
Taxes Paid008.97K-44.63K14.86K00000

Key Ratios

Metric2015201620172018201920202021202220232024
Return on Equity (ROE)-15.85%-13.67%-13.21%-5.87%0.92%31.53%0.83%-79.38%-24.96%-13.69%
Return on Invested Capital (ROIC)-15.42%-13.71%-12.92%-0.67%2.86%8.74%1.25%-51.15%-19.78%-11.63%
Gross Margin18.68%17.87%18.04%18.25%17.08%11.34%18.74%15.49%14.76%13.33%
Net Margin-7.72%-5.27%-4.66%-1.74%0.22%5.72%0.39%-25.06%-3.82%-1.36%
Debt / Equity0.05x0.02x0.02x0.01x0.25x0.16x0.16x0.30x0.32x0.36x
Interest Coverage-38.33x-57.64x-66.39x-2.39x2.85x10.64x2.22x-75.62x-15.45x-7.74x
FCF Conversion0.53x-0.66x0.85x1.47x25.88x0.62x-3.58x-0.26x-0.15x-0.87x
Revenue Growth32.86%10.7%-3.23%10.27%21.56%77.29%-51.57%7.75%12.67%34.47%

Revenue by Segment

2014201520162017
Carrier Services20.04M37.5M44.28M45M
Carrier Services Growth-87.09%18.07%1.64%
Management Services18.64M33.34M34.14M4.81M
Management Services Growth-78.84%2.42%-85.90%
Resale And Other Services14.63M---
Resale And Other Services Growth----

Revenue by Geography

2014201520162017
North America49.21M65.35M73.53M71.36M
North America Growth-32.80%12.51%-2.95%
Europe3.94M5.18M4.89M4.53M
Europe Growth-31.58%-5.51%-7.50%
Middle East170.35K308.63K--
Middle East Growth-81.18%--

Frequently Asked Questions

Growth & Financials

WidePoint Corporation (WYY) reported $145.9M in revenue for fiscal year 2024. This represents a 253% increase from $41.4M in 2011.

WidePoint Corporation (WYY) grew revenue by 34.5% over the past year. This is strong growth.

WidePoint Corporation (WYY) reported a net loss of $2.3M for fiscal year 2024.

Dividend & Returns

WidePoint Corporation (WYY) has a return on equity (ROE) of -13.7%. Negative ROE indicates the company is unprofitable.

WidePoint Corporation (WYY) generated $8.1M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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