WNC

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Wabash National Corp.

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Key Metrics

Previous Close: $12.16
52-Week Range: $6.63 – $14.32
Market Cap: $475.40M
P/E (TTM): —
EPS (TTM): -1.82
Dividend Yield: 2.63%

Advanced Metrics

Price/Book: 1.63
PEG Ratio: 0.73
Return on Equity: -22.87%
Return on Assets: -3.22%
Gross Margin: 1.00%
Operating Margin: -6.24%
Profit Margin: -5.48%
Current Ratio: 1.31
Debt/Equity: 1.86
Total Debt: $545.11M
Free Cash Flow: $147.73M
Revenue Growth: -9.10%
Earnings Growth: —
Enterprise Value: $970.38M

WNC Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$2.50B	$2.54B	$1.95B	$1.54B
Cost of Revenue	$2.18B	$2.04B	$1.68B	$1.47B
Gross Profit	$322.69M	$498.19M	$265.07M	$69.91M
Selling, General & Admin	$140.15M	$173.19M	$608.72M	-$262.33M
Operating Expenses	$155.36M	$186.00M	$620.69M	-$251.15M
Operating Income	$167.33M	$312.18M	-$355.62M	$321.06M
EBITDA	$213.93M	$359.86M	-$299.77M	$363.21M
Pretax Income	$146.44M	$294.69M	-$376.60M	$283.16M
Income Tax	$33.66M	$62.83M	-$93.52M	$71.52M
Net Income	$112.26M	$231.25M	-$284.07M	$211.45M
Diluted EPS	2.25	4.81	-6.40	5.07
Diluted Shares	49.88M	48.03M	44.36M	41.75M

WNC Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$58.24M	$179.27M	$115.48M	$31.92M
Receivables	$257.94M	$194.83M	$154.22M	$131.57M
Inventory	$243.87M	$267.63M	$258.82M	$181.15M
Current Assets	$592.62M	$681.35M	$594.49M	$419.09M
Total Assets	$1.20B	$1.36B	$1.41B	$1.17B
Current Liabilities	$347.47M	$352.21M	$308.41M	$302.30M
Long-Term Debt	$395.82M	$396.46M	$397.14M	$442.85M
Total Debt	$401.94M	$405.51M	$408.92M	$456.17M
Total Liabilities	$805.40M	$812.72M	$1.22B	$802.64M
Retained Earnings	$188.24M	$403.92M	$105.63M	$303.62M
Shareholders' Equity	$397.61M	$549.50M	$188.83M	$367.36M
Working Capital	$245.15M	$329.14M	$286.08M	$116.79M
Net Debt	$337.57M	$217.19M	$281.66M	$410.93M

WNC Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	$124.08M	$319.61M	$117.27M	$11.67M
Capital Expenditure	-$57.09M	-$98.09M	-$72.19M	-$24.71M
Free Cash Flow	$67.00M	$221.51M	$45.08M	-$13.04M
Depreciation & Amortisation	$46.97M	$45.32M	$56.98M	$58.73M
Stock-Based Compensation	$9.75M	$11.80M	$11.31M	$11.48M
Investing Cash Flow	-$55.30M	-$106.04M	-$94.79M	-$92.68M
Financing Cash Flow	-$82.31M	-$92.54M	-$86.27M	-$2.54M
Dividends Paid	-$16.02M	-$15.86M	-$14.78M	-$13.78M
Share Repurchases	-$34.28M	-$76.21M	-$70.91M	-$33.77M
Net Change in Cash	-$13.53M	$121.03M	-$63.79M	-$83.56M

WNC Income statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Revenue	$458.82M	$381.60M	$321.45M	$303.23M	$417.24M
Cost of Revenue	$417.42M	$365.89M	$327.65M	$313.80M	$401.91M
Gross Profit	$41.40M	$15.71M	-$6.20M	-$10.57M	$15.33M
Selling, General & Admin	$43.35M	-$44.93M	$37.56M	$39.81M	$38.70M
Operating Expenses	$46.14M	-$42.14M	$40.37M	$42.49M	$41.38M
Operating Income	-$4.74M	$57.85M	-$46.57M	-$53.06M	-$26.05M
EBITDA	$7.08M	$71.65M	-$44.88M	-$37.04M	-$11.17M
Pretax Income	-$12.29M	$51.67M	-$65.51M	-$58.26M	-$31.47M
Income Tax	-$2.69M	$11.63M	-$15.51M	-$13.02M	-$8.86M
Net Income	-$9.59M	$40.04M	-$50.18M	-$45.17M	-$22.89M
Diluted EPS	-0.23	0.97	-1.23	-1.11	-0.56
Diluted Shares	41.75M	41.17M	40.67M	40.74M	40.92M

WNC Balance Sheet statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Cash & Equivalents	$57.42M	$91.67M	$31.92M	$43.43M	$71.50M
Receivables	$211.75M	$160.93M	$131.57M	$160.16M	$173.05M
Inventory	$252.45M	$219.50M	$181.15M	$198.29M	$192.26M
Current Assets	$623.92M	$603.46M	$419.09M	$469.25M	$491.75M
Total Assets	$1.38B	$1.35B	$1.17B	$1.23B	$1.24B
Current Liabilities	$372.39M	$447.22M	$302.30M	$352.75M	$374.15M
Long-Term Debt	$437.49M	$422.67M	$442.85M	$498.04M	$513.22M
Total Debt	$449.99M	$435.66M	$456.17M	$508.06M	$522.93M
Total Liabilities	$989.58M	$929.79M	$802.64M	$907.39M	$944.93M
Retained Earnings	$320.29M	$356.96M	$303.62M	$255.11M	$228.94M
Shareholders' Equity	$385.22M	$418.73M	$367.36M	$320.61M	$292.45M
Working Capital	$251.53M	$156.24M	$116.79M	$116.50M	$117.61M
Net Debt	$380.07M	$331.00M	$410.93M	$454.61M	$441.72M

WNC Cash Flow statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Operating Cash Flow	-$15.83M	$85.21M	-$57.43M	-$33.65M	$5.13M
Capital Expenditure	-$6.23M	-$5.28M	-$4.50M	-$3.42M	-$2.06M
Free Cash Flow	-$22.06M	$79.92M	-$61.94M	-$37.08M	$3.07M
Depreciation & Amortisation	$14.07M	$14.61M	$15.02M	$15.03M	$13.61M
Stock-Based Compensation	$2.37M	$3.27M	$2.58M	$3.17M	$1.91M
Investing Cash Flow	-$13.97M	-$26.49M	-$18.41M	-$4.32M	$11.41M
Financing Cash Flow	$6.19M	-$24.47M	$16.09M	$49.48M	$11.53M
Dividends Paid	-$3.39M	-$3.29M	-$3.24M	-$3.48M	-$3.29M
Share Repurchases	-$10.42M	-$6.18M	-$666.00K	$0.00	$0.00
Net Change in Cash	-$23.61M	$34.25M	-$59.75M	$11.50M	$28.07M

Market Snapshot

About

Wabash National Corporation is a diversified industrial manufacturer specializing in semi-trailers and liquid transportation systems. The company produces dry freight vans, refrigerated trailers, platform trailers, and tank trailers for the commercial trucking industry. Wabash also offers aftermarket parts and services through its extensive dealer network.