WisdomTree, Inc. (WT) 10-Year Financial Performance & Capital Metrics

WT • • Banking & Credit

Financial ServicesAsset ManagementTraditional Asset ManagementQuantitative & Factor-Based Managers

AboutWisdomTree, Inc., through its subsidiaries, operates as an exchange-traded funds (ETFs) sponsor and asset manager. It offers ETFs in equities, currency, fixed income, and alternatives asset classes. The company also licenses its indexes to third parties for proprietary products, as well as offers a platform to promote the use of WisdomTree ETFs in 401(k) plans. It develops index using its fundamentally weighted index methodology. In addition, the company provides investment advisory services. The company was founded in 1985 and is based in New York, New York.Show more

Net Interest Income -$12M -8.9%
Total Revenue $428M +22.5%
Net Income $67M -35.0%
Return on Equity 14.16% -41.5%
Net Interest Margin -1.17% +0.5%
Efficiency Ratio 39.55% +71.1%
ROA 6.74% -35.0%
Equity / Assets 38.7% -32.5%
Book Value per Share 2.68 -26.9%
Tangible BV/Share -1.96 -93.0%
Debt/Equity 1.28 +152.2%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Efficient operations: 39.5% efficiency ratio
✓Well capitalized: 38.7% equity/assets
✓Good 3Y average ROE of 18.7%
✓Diversified revenue: 98.4% from non-interest income
✓Trading near 52-week high

✗Weaknesses

✗Weak NIM of -1.2%

Price & Volume

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Growth Metrics

Revenue CAGR

10Y8.82%

5Y9.92%

3Y12.02%

TTM-

Profit (Net Income) CAGR

10Y0.89%

5Y-

3Y10.23%

TTM64.92%

EPS CAGR

10Y-2.84%

5Y-

3Y2.11%

TTM170.83%

ROCE

10Y Avg18.37%

5Y Avg9.76%

3Y Avg10.74%

Latest15.55%

Peer Comparison

Quantitative & Factor-Based Managers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
POWRiShares Inc.		24.06	92.54	72.88%	1.32%	-2.69%		0.11
WTWisdomTree, Inc.	2B	14.22	43.09	22.55%	15.59%	25.82%	5.66%	1.28
AAMIAcadian Asset Management	1.95B	54.52	24.56	18.52%	16.81%	103.11%	2.36%	3.92

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	0	1.11M	2.86M	-4.87M	-7.91M	-8.92M	-10.32M	-11.62M	-11.14M	-12.13M
NII Growth %	-	-	1.58%	-2.7%	-0.62%	-0.13%	-0.16%	-0.13%	0.04%	-0.09%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	0	1.11M	2.86M	3.09M	3.33M	744K	2.01M	3.32M	4.1M	6.78M
Interest Expense	0	0	0	7.96M	11.24M	9.67M	12.33M	14.94M	15.24M	18.91M
Loan Loss Provision	116.01M	104.35M	123.64M	123.24M	129.15M	121.73M	134.74M	147.72M	165.64M	102.37M
Non-Interest Income+	298.94M	217.81M	225.43M	271.02M	263.2M	249.17M	302.31M	298.02M	344.94M	420.96M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	298.94M	218.92M	228.29M	274.12M	266.53M	249.91M	304.32M	301.35M	349.04M	427.74M
Revenue Growth %	0.63%	-0.27%	0.04%	0.2%	-0.03%	-0.06%	0.22%	-0.01%	0.16%	0.23%
Non-Interest Expense	43.56M	51.12M	55.57M	81.64M	72.61M	63.43M	68.19M	78.6M	80.66M	169.16M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	139.37M	63.45M	49.09M	61.28M	53.53M	55.08M	89.06M	60.09M	87.49M	137.29M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0.89%	-0.54%	-0.23%	0.25%	-0.13%	0.03%	0.62%	-0.33%	0.46%	0.57%
Pretax Income+	137.19M	55.56M	58.19M	51.04M	121K	-35.22M	56.67M	39.95M	119.01M	95.4M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	57.13M	29.41M	30.99M	14.41M	10.55M	433K	6.87M	-10.73M	16.46M	28.71M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	80.05M	26.16M	27.2M	36.63M	-10.43M	-35.66M	49.8M	50.68M	102.55M	66.69M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0.31%	-0.67%	0.04%	0.35%	-1.28%	-2.42%	2.4%	0.02%	1.02%	-0.35%
Net Income (Continuing)	80.05M	26.16M	27.2M	36.63M	-10.43M	-35.66M	49.8M	50.68M	102.55M	66.69M
EPS (Diluted)+	0.58	0.19	0.20	0.23	-0.08	-0.25	0.31	0.31	0.64	0.33
EPS Growth %	0.32%	-0.67%	0.05%	0.15%	-1.36%	-2.02%	2.24%	0%	1.06%	-0.48%
EPS (Basic)	0.58	0.19	0.20	0.23	-0.08	-0.25	0.31	0.31	0.66	0.34
Diluted Shares Outstanding	138.82M	135.54M	136M	158.41M	151.82M	148.68M	145.06M	143.29M	147.83M	149.25M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	210.07M	92.72M	54.19M	77.78M	74.97M	73.42M	140.71M	132.1M	129.31M	181.19M
Short Term Investments	0	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	23.69M	101.4M	122.78M	57.13M	70.37M	43.46M	141.71M	162.22M	68.64M	94.57M
Investments Growth %	0.69%	3.28%	0.21%	-0.53%	0.23%	-0.38%	2.26%	0.14%	-0.58%	0.38%
Long-Term Investments	23.69M	38.5M	56.12M	48.26M	53.05M	8.56M	14.55M	35.98M	9.91M	9.13M
Accounts Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	1.68M	1.8M	1.8M	85.86M	85.86M	85.86M	85.86M	85.86M	86.84M	86.84M
Intangible Assets	0	9.95M	12.09M	603.21M	603.29M	601.25M	601.25M	603.57M	605.08M	605.9M
PP&E (Net)	11.97M	11.75M	10.69M	9.12M	26.29M	23.91M	1.08M	1.99M	990K	1.22M
Other Assets	738K	747K	18.91M	30.88M	34.29M	27.2M	22.29M	1.92M	459K	425K
Total Current Assets	240.54M	177.19M	154.33M	118.28M	123.06M	141.86M	303.97M	293.96M	229.79M	318.38M
Total Non-Current Assets	52.15M	72.58M	100.65M	784.37M	810.18M	754.83M	733.89M	739.86M	714.34M	715.16M
Total Assets+	292.69M	249.77M	254.99M	902.64M	933.24M	896.69M	1.04B	1.03B	944.14M	1.03B
Asset Growth %	0.33%	-0.15%	0.02%	2.54%	0.03%	-0.04%	0.16%	-0%	-0.09%	0.09%
Return on Assets (ROA)	0.31%	0.1%	0.11%	0.06%	-0.01%	-0.04%	0.05%	0.05%	0.1%	0.07%
Accounts Payable	18.01M	19.39M	28.34M	30.89M	30.95M	29.77M	9.3M	9.07M	12.73M	22.12M
Total Debt+	0	1.3M	1.8M	194.59M	198.69M	187.22M	319.16M	322.68M	275.47M	512.91M
Net Debt	-210.07M	-91.42M	-52.39M	116.81M	123.72M	113.79M	178.45M	190.58M	146.16M	331.72M
Long-Term Debt	0	0	0	194.59M	175.96M	166.65M	318.62M	262.02M	274.89M	512.03M
Short-Term Debt	0	0	0	0	0	0	0	59.2M	578K	0
Other Liabilities	3.94M	4.9M	4.69M	286.91M	291.64M	372.35M	365.82M	317.42M	24.33M	12.16M
Total Current Liabilities	49.09M	44.6M	57.35M	62.8M	79.04M	74M	83.67M	148.43M	103.22M	109.2M
Total Non-Current Liabilities	9.1M	4.9M	4.69M	481.51M	486.65M	556.43M	684.77M	579.77M	299.22M	524.36M
Total Liabilities	58.19M	49.49M	62.03M	544.31M	565.69M	630.43M	768.44M	728.21M	402.43M	633.56M
Total Equity+	234.5M	50.2M	73.16M	475.14M	367.55M	266.26M	269.42M	305.61M	541.71M	399.98M
Equity Growth %	0.27%	-0.79%	0.46%	5.5%	-0.23%	-0.28%	0.01%	0.13%	0.77%	-0.26%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.38%	0.18%	0.44%	0.13%	-0.02%	-0.11%	0.19%	0.18%	0.24%	0.14%
Book Value per Share	1.69	0.37	0.54	3.00	2.42	1.79	1.86	2.13	3.66	2.68
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	1.38M	1.36M	1.37M	1.53M	1.55M	1.49M	1.45M	1.47M	1.5M	1.46M
Additional Paid-in Capital	257.96M	224.74M	216.01M	363.65M	352.66M	317.07M	289.74M	291.85M	312.44M	270.3M
Retained Earnings	-24.72M	-24.72M	-24.72M	-7.32M	-7.99M	-53.4M	-22.45M	13.72M	95.74M	129.82M
Accumulated OCI	-126K	-44K	291K	467K	945K	1.1M	682K	-1.42M	-548K	-1.61M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Preferred Stock	0	0	0	132.57M	20.39M	0	0	0	132.57M	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	155.11M	54.91M	48.51M	37.47M	46.83M	47.14M	75.32M	55.09M	85.6M	113.46M
Operating CF Growth %	0.88%	-0.65%	-0.12%	-0.23%	0.25%	0.01%	0.6%	-0.27%	0.55%	0.33%
Net Income	80.05M	26.16M	27.2M	36.63M	19.71M	-35.66M	49.8M	50.68M	102.55M	66.69M
Depreciation & Amortization	1.01M	1.3M	1.4M	1.3M	4.22M	4.2M	2.69M	1.23M	2.16M	3.06M
Deferred Taxes	53.02M	12.9M	8.84M	-6.08M	-349K	-2.19M	316K	-1.3M	-481K	-398K
Other Non-Cash Items	-79K	1.4M	-5.99M	-17.65M	-24.58M	35.51M	-38.83M	-48.45M	-84.75M	-22.01M
Working Capital Changes	10.21M	-1.74M	2.35M	10.01M	36.24M	33.56M	51.35M	42.54M	49.94M	45.43M
Cash from Investing+	-12.32M	-89.27M	-37.02M	-181.78M	-7M	10.64M	-99.63M	-37.66M	82.05M	-23.88M
Purchase of Investments	-14.47M	-99.12M	-111.77M	0	-8.11M	-36.44M	-121.28M	-89.6M	-68.59M	-70.11M
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	0	-11.82M	-2.13M	-239.31M	0	12.37M	0	15.57M	-985K	565K
Other Investing	0	0	-15.99M	-8M	-2.09M	0	0	-15.57M	28.15M	-2.34M
Cash from Financing+	-98.14M	-82.84M	-51.14M	169.2M	-43.57M	-60.18M	92.55M	-22.78M	-171.64M	-36M
Dividends Paid	-78.54M	-43.66M	-43.78M	-19.24M	-20.39M	-20.11M	-19.46M	-19.36M	-20.14M	-19M
Share Repurchases	-24.12M	-39.38M	-7.89M	-2.88M	-2.34M	-31.2M	-34.51M	-3.42M	-3.57M	-62.87M
Stock Issued	0	0	0	0	0	0	0	0	0	0
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	0	0	0	1000K	-1000K	-1000K	1000K	0	-1000K	1000K
Other Financing	4.52M	195K	532K	-8.68M	160K	-5.12M	-3.48M	0	-53.65M	-22.6M
Net Change in Cash+	44.79M	-117.35M	-38.53M	23.59M	-2.81M	-1.55M	67.28M	-8.61M	-2.8M	51.89M
Exchange Rate Effect	130K	-150K	1000K	-1000K	927K	855K	-955K	-1000K	1000K	-1000K
Cash at Beginning	165.28M	210.07M	92.72M	54.19M	77.78M	74.97M	73.42M	140.71M	132.1M	129.31M
Cash at End	210.07M	92.72M	54.19M	77.78M	74.97M	73.42M	140.71M	132.1M	129.31M	181.19M
Interest Paid	0	0	0	5.58M	8.04M	7.09M	9.9M	12.31M	10.71M	12.35M
Income Taxes Paid	1.26M	14.99M	33.11M	14.4M	10.06M	10.13M	8.46M	12.5M	16.16M	32.22M
Free Cash Flow+	152.5M	53.84M	46.08M	37.4M	46.78M	46.66M	75.03M	54.87M	83.34M	113.32M
FCF Growth %	0.96%	-0.65%	-0.14%	-0.19%	0.25%	-0%	0.61%	-0.27%	0.52%	0.36%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	38.23%	18.37%	44.1%	13.36%	-2.47%	-11.25%	18.59%	17.63%	24.2%	14.16%
Return on Assets (ROA)	31.18%	9.64%	10.78%	6.33%	-1.14%	-3.9%	5.15%	4.89%	10.37%	6.74%
Net Interest Margin	0%	0.44%	1.12%	-0.54%	-0.85%	-1%	-0.99%	-1.12%	-1.18%	-1.17%
Efficiency Ratio	14.57%	23.35%	24.34%	29.78%	27.24%	25.38%	22.41%	26.08%	23.11%	39.55%
Equity / Assets	80.12%	20.1%	28.69%	52.64%	39.38%	29.69%	25.96%	29.56%	57.38%	38.7%
Book Value / Share	1.69	0.37	0.54	3	2.42	1.79	1.86	2.13	3.66	2.68
NII Growth	-	-	157.52%	-270.19%	-62.42%	-12.85%	-15.68%	-12.52%	4.06%	-8.88%
Dividend Payout	98.11%	166.93%	160.95%	52.51%	-	-	39.08%	38.2%	19.64%	28.49%

Revenue by Segment

	2022	2023	2024
Investment Advisory, Management and Administrative Service	293.63M	333.23M	395.36M
Investment Advisory, Management and Administrative Service Growth	-	13.48%	18.65%
Other Services Income	7.71M	-	32.38M
Other Services Income Growth	-	-	-

Revenue by Geography

	2022	2023	2024
UNITED STATES	184.04M	220.12M	284.53M
UNITED STATES Growth	-	19.61%	29.26%
JERSEY	103.69M	113.33M	120.93M
JERSEY Growth	-	9.29%	6.71%
IRELAND	13.62M	15.59M	22.28M
IRELAND Growth	-	14.51%	42.87%

Frequently Asked Questions

Valuation & Price

WisdomTree, Inc. (WT) has a price-to-earnings (P/E) ratio of 43.1x. This suggests investors expect higher future growth.

Growth & Financials

WisdomTree, Inc. (WT) grew revenue by 22.5% over the past year. This is strong growth.

Yes, WisdomTree, Inc. (WT) is profitable, generating $96.4M in net income for fiscal year 2024 (15.6% net margin).

Dividend & Returns

Yes, WisdomTree, Inc. (WT) pays a dividend with a yield of 0.90%. This makes it attractive for income-focused investors.

WisdomTree, Inc. (WT) has a return on equity (ROE) of 14.2%. This is reasonable for most industries.

Industry Metrics

WisdomTree, Inc. (WT) has a net interest margin (NIM) of -1.2%. NIM has been under pressure due to interest rate environment.

WisdomTree, Inc. (WT) has an efficiency ratio of 39.5%. This is excellent, indicating strong cost control.

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