Wabash National Corporation WNC R2K

Industrials · Farm & Heavy Construction Machinery · United States

Wabash National Corporation manufactures engineered solutions and services for transportation, logistics and infrastructure industry in the United States. The company operates in two segments, Transportation Solutions and Parts & Services. It offers dry van trailers, platform trailers, refrigerated trailers, stainless steel and aluminum tank trailers, and used trailors; dry freight truck bodies, cargo bodies, insulated and light-duty acutherm refrigerated truck bodies, and platform truck bodies; and laminated hardwood oak flooring. The company also provides aftermarket parts and services; steel flatbed bodies, truck body mounting, shelving for package delivery, partitions, roof racks, hitches, thermal solutions, liftgates, and other; door repair and replacement, collision repair, and basic maintenance; stainless steel storage tanks and silos, mixers, and processors for the dairy, food and beverage, pharmaceutical, chemical, craft brewing, and biotech end markets; and truck bodies, overhead doors, and other industrial applications. In addition, it offers maintenance and repair services for tank trailers and other related equipment; direct-line access to truck body repair parts; and trailers as a service, as well as develops and scales a digital marketplace for the transportation and logistics distribution industry. The company offers its products under the Wabash, MaxClearance, Trust Lock Plus, EZ-7, Lock-Rite, EZ-Adjust, DuraPlate, DuraPlateHD, DuraPlate AeroSkirt, and AeroSkirt CX brands, and EcoNex brand. Wabash National Corporation was founded in 1985 and is headquartered in Lafayette, Indiana.

Market & Price

Market Cap

$322.54M

Current Price

$7.93

High / Low (52W)

$12.05 / $6.77

Beta

1.59

Valuation

Stock P/E

Industry PE

28.38

Forward P/E

5.05

PEG Ratio

0.73

Book Value

$9.09

Price to Book

0.87

P/S

0.22

EV/EBITDA

63.75

Dividend Yield

4.04%

Profitability & Returns

ROCE

35.04%

ROE

-17.83%

ROA

-2.17%

Profit Margin

-4.41%

Op Margin

-17.50%

EPS (Latest Qtr)

$-1.11

EPS (TTM)

$-1.43

Balance Sheet & Liquidity

Debt/Equity

1.65

Quick Ratio

0.58

Current Ratio

1.33

Debt

$530.95M

Total Assets

$1.17B

Current Assets

$419.09M

Working Capital

$116.79M

Ownership

Promoter Holding

5.17%

Chg in Prom Hold

FII / Inst Holding

100.90%

Chg in FII Hold

Financial Snapshot

Enterprise Value

$811.19M

Total Revenue (TTM)

$1.47B

EBITDA

$12.72M

Free Cash Flow

$98.31M

Operating Cash Flow

$-21.71M

Shares Outstanding

40.67M

Gross Margin

2.75%

Payout Ratio

6.31%

Growth (CAGR)

Revenue 5Y

-14.89%

Profit 5Y

23.50%

Revenue (YoY)

-20.40%

Earnings (YoY)

PROS

Healthy ROCE of 35.0%.
Profit CAGR of 23.5% over 5 years.
Attractive dividend yield of 4.04%.
Generates positive free cash flow.

CONS

Revenue declined at -14.9% CAGR over 5 years.
Trading 34.2% below its 52-week high.
In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Industrials).

#	Name	CMP $	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	WNC Wabash National Corporation R2K	7.93	-	$322.54M	4.04%	35.04%	-17.83%	-14.89%	23.50%
2	CAT Caterpillar Inc. SPX	875.87	43.66	$403.42B	0.69%	19.42%	51.33%	4.38%	9.83%
3	GE GE Aerospace SPX	323.76	40.17	$338.27B	0.58%	11.89%	45.43%	16.32%	195.89%
4	GEV GE Vernova Inc. SPXAI	968.32	28.33	$260.21B	0.21%	6.30%	75.71%	8.68%	92.84%
5	RTX RTX Corporation SPX	179.66	33.64	$241.95B	1.54%	9.41%	11.57%	9.72%	9.01%
6	UNP Union Pacific Corporation SPX	262.64	21.60	$155.93B	2.10%	16.19%	40.69%	-0.49%	0.66%
7	ETN Eaton Corporation plc SPXAI	400.60	39.20	$155.55B	1.10%	16.23%	20.84%	9.77%	18.41%
8	HON Honeywell International Inc. NDXSPX	237.86	38.00	$150.72B	2.00%	13.57%	24.26%	1.82%	-1.62%
9	DE Deere & Company SPX	542.18	30.67	$146.45B	1.20%	12.82%	18.35%	-4.50%	-11.00%

Quarterly Results

Figures in USD.

Metric	Jun 2016	Sep 2016	Dec 2016	Mar 2017	Jun 2017	Sep 2017	Dec 2017	Mar 2018	Jun 2018	Sep 2018	Dec 2018	Mar 2019	Jun 2019	Sep 2019	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Revenue	471.44M	464.27M	462.06M	362.72M	435.90M	425.10M	543.44M	491.32M	612.69M	553.07M	610.20M	533.17M	626.05M	580.91M	579.00M	387.07M	339.15M	351.58M	404.08M	392.00M	449.42M	482.57M	479.28M	546.76M	642.77M	655.15M	657.45M	620.95M	686.62M	632.83M	596.10M	515.28M	550.61M	-	-	380.89M	458.82M	381.60M	321.45M	303.23M
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	361.89M	417.42M	365.89M	327.65M	313.80M
Gross Profit	91.06M	83.46M	71.48M	59.36M	67.68M	60.96M	72.88M	64.12M	85.31M	65.16M	69.06M	68.69M	87.65M	77.73M	72.31M	36.74M	34.32M	43.19M	45.50M	47.17M	55.61M	51.05M	42.65M	58.05M	78.03M	92.00M	94.60M	116.03M	151.03M	122.91M	108.22M	76.45M	89.66M	-	-	19.00M	41.40M	15.71M	-6.20M	-10.57M
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-295.52M	46.14M	-42.14M	40.37M	42.49M
Operating Income	58.87M	54.85M	-	30.26M	38.67M	26.59M	-	25.66M	46.04M	16.51M	-	25.20M	47.54M	38.27M	-	-110.06M	6.00M	8.41M	-	11.21M	22.68M	18.26M	-	20.14M	35.91M	52.88M	-	69.90M	103.31M	77.64M	-	29.57M	43.76M	-	-	314.52M	-4.74M	57.85M	-46.57M	-53.06M
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	329.36M	7.08M	71.65M	-44.88M	-37.04M
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5.03M	5.31M	5.37M	5.61M	6.19M
Pretax Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	309.30M	-12.29M	51.67M	-65.51M	-58.26M
Tax Provision	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	78.10M	-2.69M	11.63M	-15.51M	-13.02M
Net Income	35.53M	33.38M	23.00M	20.17M	22.95M	18.95M	49.36M	21.27M	31.90M	4.66M	11.58M	14.78M	30.96M	25.46M	18.38M	-106.65M	-146.00K	3.89M	5.49M	3.22M	12.25M	11.01M	-25.31M	12.07M	22.55M	36.17M	41.46M	51.21M	74.33M	55.33M	50.38M	18.17M	28.96M	-	-	230.94M	-9.59M	40.04M	-50.18M	-45.17M
Diluted EPS	0.53	0.51	0.36	0.32	0.36	0.30	0.80	0.35	0.54	0.08	0.21	0.27	0.56	0.46	0.34	-2.01	0.00	0.07	0.10	0.06	0.24	0.22	-0.51	0.24	0.46	0.73	0.84	1.04	1.54	1.16	1.07	0.39	0.64	-	-	5.36	-0.23	0.97	-1.23	-1.11

Profit & Loss (Annual)

Figures in USD.

Metric	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Revenue	-	-	-	-	-	-	-	1.85B	1.77B	2.27B	2.32B	1.48B	-	2.50B	2.54B	1.95B	1.54B
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	2.18B	2.04B	1.68B	1.47B
Gross Profit	-22.91M	28.08M	66.72M	163.82M	215.12M	232.63M	303.44M	325.53M	260.88M	283.65M	306.38M	159.75M	-	322.69M	498.19M	265.07M	69.91M
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	155.36M	186.00M	620.69M	-251.15M
Operating Income	-66.07M	-15.42M	19.79M	70.48M	103.19M	122.39M	180.37M	202.53M	130.82M	110.99M	142.79M	-85.61M	-	167.33M	312.18M	-355.62M	321.06M
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	213.93M	359.86M	-299.77M	363.21M
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	-	-	20.52M	19.85M	19.84M	21.32M
Pretax Income	-	-	-	-	-	-	-	-	-	-	-	-	-	146.44M	294.69M	-376.60M	283.16M
Tax Provision	-	-	-	-	-	-	-	-	-	-	-	-	-	33.66M	62.83M	-93.52M	71.52M
Net Income	-101.77M	-141.76M	15.04M	105.63M	46.53M	60.93M	104.29M	119.43M	111.42M	69.42M	89.58M	-97.41M	-	112.26M	231.25M	-284.07M	211.45M
Diluted EPS	-	-3.36	0.22	1.53	0.67	0.85	1.50	1.82	1.78	1.19	1.62	-1.84	-	2.25	4.81	-6.40	5.07
R&D Expense	-	900.00K	1.00M	1.70M	2.50M	1.70M	4.80M	6.40M	3.90M	8.80M	19.50M	21.90M	13.60M	5.30M	7.50M	8.60M	5.90M

Compounded Sales Growth

5 Years:	-14.89%
1 Year:	-20.40%

Compounded Profit Growth

5 Years:	23.50%
1 Year:	-

Stock Price Performance

1 Year:	-5.45%
6 Months:	-5.57%
3 Months:	-21.14%
1 Month:	-4.92%

Balance Sheet (Annual)

Figures in USD.

Metric	Dec 2008	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Total Assets	-	-	302.83M	388.05M	902.63M	912.25M	927.45M	949.67M	898.73M	1.35B	1.30B	1.30B	1.16B	-	1.20B	1.36B	1.41B	1.17B
Current Assets	-	-	-	-	-	-	-	-	-	-	-	-	-	-	592.62M	681.35M	594.49M	419.09M
Cash & Equivalents	29.77M	1.11M	21.20M	19.98M	81.45M	113.26M	146.11M	178.85M	163.47M	191.52M	132.69M	140.52M	217.68M	-	58.24M	179.27M	115.48M	31.92M
Inventory	-	-	-	-	-	-	-	-	-	-	-	-	-	-	243.87M	267.63M	258.82M	181.15M
Receivables	-	-	-	-	-	-	-	-	-	-	-	-	-	-	255.58M	182.99M	143.95M	119.87M
Total Liabilities	-	-	-	69.82M	425.15M	370.60M	-	-	-	845.45M	830.54M	783.60M	756.59M	-	805.40M	812.72M	1.22B	802.64M
Current Liabilities	-	-	110.63M	168.52M	196.69M	216.36M	186.86M	211.08M	166.61M	283.67M	271.68M	259.38M	235.75M	-	347.47M	352.21M	308.41M	302.30M
Long Term Debt	-	-	55.00M	65.00M	416.85M	358.89M	324.78M	274.88M	233.47M	504.09M	503.02M	455.39M	447.98M	-	395.82M	396.46M	397.14M	442.85M
Total Debt	-	-	-	-	-	-	-	-	-	-	-	-	-	-	401.94M	405.51M	408.92M	456.17M
Total Equity	153.44M	53.48M	129.03M	146.35M	268.73M	322.38M	390.83M	439.81M	472.39M	506.06M	473.85M	520.99M	404.88M	-	397.61M	549.50M	188.83M	367.36M
Shares Outstanding	-	-	-	-	-	-	-	-	-	-	-	-	-	-	76.65M	77.52M	78.14M	78.70M

Cash Flows (Annual)

Figures in USD.

Metric	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Operating Cash Flow	-6.98M	-30.31M	-1.17M	76.02M	128.67M	-	131.79M	178.75M	144.38M	112.47M	146.28M	124.13M	-	124.08M	319.61M	117.27M	11.67M
Investing Cash Flow	-681.00K	31.00K	-7.25M	-380.82M	-31.53M	-	-7.64M	-17.31M	-332.24M	-13.17M	-36.86M	-3.02M	-	-55.30M	-106.04M	-94.79M	-92.68M
Financing Cash Flow	-21.00M	50.37M	7.19M	366.28M	-65.32M	-	-91.41M	-176.83M	215.91M	-158.13M	-101.60M	-43.96M	-	-82.31M	-92.54M	-86.27M	-2.54M
Capital Expenditure	-981.00K	-1.78M	-7.26M	-14.92M	-18.35M	-19.96M	-20.85M	-20.34M	-26.06M	-34.01M	-37.65M	-20.13M	-	-57.09M	-98.09M	-72.19M	-24.71M
Free Cash Flow	-7.96M	-32.09M	-8.43M	61.10M	110.32M	-	110.95M	158.41M	118.32M	78.46M	108.64M	104.00M	-	67.00M	221.51M	45.08M	-13.04M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-	-	-	-	-13.53M	121.03M	-63.79M	-83.56M
Dividends Paid	-	-	-	-	-	-	0	0	15.31M	17.77M	17.80M	17.32M	16.43M	16.02M	15.86M	14.78M	13.78M

Ratios (Annual)

Figures in %.

Metric	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Gross Margin %	-	-	-	-	-	-	-	17.6%	14.8%	12.5%	13.2%	10.8%	-	12.9%	19.6%	13.6%	4.5%
Operating Margin %	-	-	-	-	-	-	-	11.0%	7.4%	4.9%	6.2%	-5.8%	-	6.7%	12.3%	-18.3%	20.8%
Net Margin %	-	-	-	-	-	-	-	6.5%	6.3%	3.1%	3.9%	-6.6%	-	4.5%	9.1%	-14.6%	13.7%
ROE %	-190.3%	-109.9%	10.3%	39.3%	14.4%	15.6%	23.7%	25.3%	22.0%	14.7%	17.2%	-24.1%	-	28.2%	42.1%	-150.4%	57.6%
ROCE %	-	-8.0%	9.0%	10.0%	14.8%	16.5%	24.4%	27.7%	12.3%	10.7%	13.7%	-9.2%	-	19.5%	30.9%	-32.2%	37.0%

Shareholding Pattern

Insiders

5.17%

Institutions

100.90%

Public Float

106.40%

Top Institutional Holders

#	Holder	% Held	Shares	Value
1	Mirae Asset Global ETFs Holdings Ltd.	8.91%	3.62M	$28.74M
2	Blackrock Inc.	7.95%	3.23M	$25.65M
3	FMR, LLC	5.74%	2.33M	$18.51M
4	Shaw D.E. & Co., Inc.	5.56%	2.26M	$17.95M
5	Vanguard Capital Management LLC	4.39%	1.79M	$14.17M
6	Dimensional Fund Advisors LP	4.08%	1.66M	$13.15M
7	Charles Schwab Investment Management, Inc.	3.52%	1.43M	$11.34M
8	Goldman Sachs Group Inc	3.06%	1.25M	$9.88M
9	American Century Companies Inc	3.04%	1.24M	$9.81M
10	Ameriprise Financial, Inc.	2.98%	1.21M	$9.60M

Analyst View

Loading analyst coverage…

Latest News

Recent headlines for WNC

No recent headlines available.

WNC · Industrials