WNC · Wabash National Corp - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $303.23M | - | $381.60M | $458.82M | $380.89M | - | $464.04M | $550.61M | $515.28M | - |
| Cost of Revenue | $313.80M | - | $365.89M | $417.42M | $361.89M | - | $408.03M | $460.95M | $438.83M | - |
| Gross Profit | ($10.57M) | - | $15.71M | $41.40M | $19.00M | - | $56.01M | $89.66M | $76.45M | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | - | - | - | - | - | - | $479.05M | $33.97M | $36.67M | - |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | $15.03M | - | $13.93M | $13.74M | $12.72M | - | - | - | $9.58M | - |
| Operating Income | ($52.36M) | - | $57.65M | ($4.75M) | $314.55M | - | ($433.03M) | $43.76M | $29.57M | - |
| Interest Expense | $6.19M | - | $5.37M | $4.95M | $4.99M | - | $4.96M | $4.95M | $4.99M | - |
| Income Tax | ($13.02M) | - | $11.63M | ($2.69M) | $78.10M | - | ($108.41M) | $9.77M | $6.42M | - |
| Net Income | ($45.17M) | - | $39.98M | ($9.59M) | $230.94M | - | ($330.17M) | $28.96M | $18.17M | - |
| EPS - Basic | ($1.11) | - | $0.98 | ($0.23) | $5.41 | - | ($7.53) | $0.65 | $0.40 | - |
| EPS - Diluted | ($1.11) | - | $0.97 | ($0.23) | $5.36 | - | ($7.53) | $0.64 | $0.39 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $43.43M | $31.92M | $91.67M | $57.42M | $81.04M | $115.48M | $81.84M | $77.28M | $115.79M | $179.27M |
| Accounts Receivable | $159.19M | $119.87M | $147.18M | $189.73M | $171.69M | $143.95M | $238.66M | $243.25M | $247.68M | $182.99M |
| Inventory | $198.29M | $181.15M | $219.50M | $252.45M | $278.65M | $258.82M | $260.60M | $272.93M | $278.55M | $267.63M |
| Accounts Payable | $212.51M | $145.74M | $182.81M | $178.38M | $211.20M | $146.74M | $187.63M | $175.48M | $211.82M | $156.61M |
| Current Assets | $469.25M | $419.09M | $603.46M | $623.92M | $657.57M | $594.49M | $639.49M | $643.97M | $687.49M | $681.35M |
| Total Assets | $1.23B | $1.17B | $1.35B | $1.38B | $1.42B | $1.41B | $1.46B | $1.34B | $1.38B | $1.36B |
| Current Liabilities | $352.75M | $302.30M | $447.22M | $372.39M | $415.36M | $308.41M | $339.28M | $323.36M | $368.59M | $352.21M |
| Long-term Debt | $498.04M | $442.85M | $422.67M | $437.49M | $417.32M | $397.14M | $396.97M | $396.80M | $396.63M | $396.46M |
| Total Liabilities | $907.39M | $802.64M | $929.79M | $989.58M | $1.01B | $1.22B | $1.25B | $788.52M | $832.32M | $812.72M |
| Stockholders' Equity | $320.61M | $367.36M | $418.73M | $385.22M | $403.84M | $188.83M | $200.52M | $550.42M | $546.09M | $549.50M |
| Retained Earnings | $255.11M | $303.62M | $356.96M | $320.29M | $333.11M | $105.63M | $110.00M | $443.73M | $418.94M | $403.92M |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($33.65M) | - | - | - | ($272.0K) | - | - | - | ($17.41M) | - |
| Investing Cash Flow | ($4.32M) | - | - | - | ($33.82M) | - | - | - | ($19.18M) | - |
| Financing Cash Flow | $49.48M | - | - | - | ($358.0K) | - | - | - | ($26.89M) | - |
| CapEx | $3.42M | - | - | - | $8.70M | - | - | - | $19.18M | - |
| Free Cash Flow | ($37.08M) | - | - | - | ($8.97M) | - | - | - | ($36.59M) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | -3.5% | - | 4.1% | 9.0% | 5.0% | - | 12.1% | 16.3% | 14.8% | - |
| Operating margin | -17.3% | - | 15.1% | -1.0% | 82.6% | - | -93.3% | 7.9% | 5.7% | - |
| EBITDA margin | -12.3% | - | 18.8% | 2.0% | 85.9% | - | - | - | 7.6% | - |
| Net margin | -14.9% | - | 10.5% | -2.1% | 60.6% | - | -71.2% | 5.3% | 3.5% | - |
| Free cash flow margin | -12.2% | - | - | - | -2.4% | - | - | - | -7.1% | - |
| FCF / Net income | 0.82 | - | - | - | -0.04 | - | - | - | -2.01 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - | 103.2% | 6.2% | 7.1% | - |
| Effective tax rate | - | - | 22.5% | - | 25.3% | - | - | 25.2% | 26.1% | - |
| Return on assets | -3.7% | - | 3.0% | -0.7% | 16.3% | - | -22.7% | 2.2% | 1.3% | - |
| Return on equity | -14.1% | - | 9.5% | -2.5% | 57.2% | - | -164.7% | 5.3% | 3.3% | - |
| Return on invested capital | -5.1% | - | 5.3% | -0.5% | 28.6% | - | -57.3% | 3.5% | 2.3% | - |
| Liquidity | ||||||||||
| Current ratio | 1.33 | 1.39 | 1.35 | 1.68 | 1.58 | 1.93 | 1.88 | 1.99 | 1.87 | 1.93 |
| Quick ratio | 0.77 | 0.79 | 0.86 | 1.00 | 0.91 | 1.09 | 1.12 | 1.15 | 1.11 | 1.17 |
| Cash ratio | 0.12 | 0.11 | 0.20 | 0.15 | 0.20 | 0.37 | 0.24 | 0.24 | 0.31 | 0.51 |
| Leverage | ||||||||||
| Debt / Equity | 1.55 | 1.21 | 1.01 | 1.14 | 1.03 | 2.10 | 1.98 | 0.72 | 0.73 | 0.72 |
| Debt / Assets | 0.41 | 0.38 | 0.31 | 0.32 | 0.29 | 0.28 | 0.27 | 0.30 | 0.29 | 0.29 |
| Debt / EBITDA | - | - | 5.91 | 48.66 | 1.28 | - | - | - | 10.13 | - |
| Interest coverage | -8.5x | - | 10.7x | -1.0x | 63.1x | - | -87.3x | 8.8x | 5.9x | - |
| Equity multiplier | 3.83 | 3.19 | 3.22 | 3.57 | 3.50 | 7.48 | 7.26 | 2.43 | 2.52 | 2.48 |
| Liabilities / Assets | 0.74 | 0.69 | 0.69 | 0.72 | 0.71 | 0.87 | 0.86 | 0.59 | 0.60 | 0.60 |
| Efficiency | ||||||||||
| Asset turnover | 0.25 | - | 0.28 | 0.33 | 0.27 | - | 0.32 | 0.41 | 0.37 | - |
| Inventory turnover | 1.58 | - | 1.67 | 1.65 | 1.30 | - | 1.57 | 1.69 | 1.58 | - |
| Days sales outstanding | 192d | - | 141d | 151d | 165d | - | 188d | 161d | 175d | - |
| Days inventory outstanding | 231d | - | 219d | 221d | 281d | - | 233d | 216d | 232d | - |
| Days payable outstanding | 247d | - | 182d | 156d | 213d | - | 168d | 139d | 176d | - |
| Cash conversion cycle | 175d | - | 177d | 216d | 233d | - | 253d | 238d | 231d | - |
| Valuation | ||||||||||
| P / E | - | - | 10.2x | - | 2.1x | - | - | 34.1x | 76.8x | - |
| P / B | 1.1x | - | 1.0x | 1.2x | 1.2x | - | 4.2x | 1.8x | 2.5x | - |
| P / S | 1.2x | - | 1.1x | 1.0x | 1.2x | - | 1.8x | 1.8x | 2.7x | - |
| EV / EBITDA | - | - | 10.3x | 91.6x | 2.5x | - | - | - | 42.5x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -20.4% | - | -17.8% | -16.7% | -26.1% | - | -26.7% | -19.8% | -17.0% | - |
| Revenue CAGR (3y) | -21.3% | - | -16.5% | -10.6% | -11.4% | - | -1.3% | 7.0% | 9.5% | - |
| Revenue CAGR (5y) | -5.0% | - | 1.7% | 6.2% | -0.3% | - | -4.4% | -2.5% | -0.7% | - |
| Gross profit growth (YoY) | - | - | -72.0% | -53.8% | -75.1% | - | -54.4% | -40.6% | -34.1% | - |
| Operating income growth (YoY) | - | - | - | - | 963.6% | - | - | -57.6% | -57.7% | - |
| Net income growth (YoY) | - | - | - | - | 1171.2% | - | - | -61.0% | -64.5% | - |
| EPS growth (YoY) | - | - | - | - | 1274.4% | - | - | -58.4% | -62.5% | - |
| EPS CAGR (3y) | - | - | 9.9% | - | 181.6% | - | - | 38.7% | 86.6% | - |
| EPS CAGR (5y) | - | - | 69.2% | - | - | - | - | 2.7% | 7.6% | - |
| FCF growth (YoY) | -313.3% | - | - | - | 75.5% | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -20.6% | 94.5% | 108.8% | -30.0% | -26.0% | -65.6% | -61.3% | 14.4% | 28.7% | 38.2% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$1.54B totalTransportation Solutions Segment$1.31B · 84.7%
Parts Service Segment$236.02M · 15.3%
Product / service
$1.48B totalNew Trailers$1.05B · 70.8%
Equipmentand Other$298.70M · 20.2%
Components Partsand Services$127.34M · 8.6%
Used Trailers$4.57M · 0.3%
Dividends
$0.32/share trailing 12 months · 0.0% YoY
| Ex-date | Per share |
|---|---|
| Apr 2, 2026 | $0.0800 |
| Jan 8, 2026 | $0.0800 |
| Oct 2, 2025 | $0.0800 |
| Jul 3, 2025 | $0.0800 |
| Apr 3, 2025 | $0.0800 |
| Jan 10, 2025 | $0.0800 |
| Oct 10, 2024 | $0.0800 |
| Jul 3, 2024 | $0.0800 |
| Apr 3, 2024 | $0.0800 |
| Jan 3, 2024 | $0.0800 |
| Oct 4, 2023 | $0.0800 |
| Jul 5, 2023 | $0.0800 |
| Apr 5, 2023 | $0.0800 |
| Jan 4, 2023 | $0.0800 |
| Oct 5, 2022 | $0.0800 |
| Jul 6, 2022 | $0.0800 |
| Apr 6, 2022 | $0.0800 |
| Jan 5, 2022 | $0.0800 |
| Oct 6, 2021 | $0.0800 |
| Jul 7, 2021 | $0.0800 |
| Apr 7, 2021 | $0.0800 |
| Jan 6, 2021 | $0.0800 |
| Sep 30, 2020 | $0.0800 |
| Jul 1, 2020 | $0.0800 |