Wabash National Corporation
NYSE•WNC
CEO: Mr. Brent L. Yeagy
Sector: Industrials
Industry: Agricultural - Machinery
Listing Date: 1991-11-08
Wabash National Corporation provides connected solutions for the transportation, logistics, and distribution industries primarily in the United States. The company operates through two segments, Transportation Solutions and Parts & Services. The Transportation Solutions segment designs and manufactures transportation-related equipment and products dry and refrigerated van trailers, platform trailers, tank trailers, and truck-mounted tanks; truck bodies for dry-freight transportation; cargo and cargo XL bodies for commercial applications; refrigerated truck bodies; platform truck bodies; and used trailers, as well as laminated hardwood oak flooring products. The Parts & Services segment provides aftermarket parts and services; steel flatbed bodies, truck body mounting, shelving for package delivery, partitions, roof racks, hitches, liftgates, thermal solutions, and others; truck body repair parts; and door repair and replacement, collision repair, and basic maintenance services. It also develops and scales a digital marketplace for the transportation and logistics distribution industry; operates a parts and services distribution platform; and stainless steel storage tanks and silos, mixers, and processors for the dairy, food and beverage, pharmaceutical, chemical, craft brewing, and biotech markets; trailers as a service; and composite products, including truck bodies, overhead doors, and other industrial application products, as well as used trailers. The company offers its products under the Wabash, DuraPlate, DuraPlateHD, DuraPlate AeroSkirt, and AeroSkirt CX brands, as well as EcoNex brand. It serves its products to truckload common carriers, leasing companies, private fleet carriers, less-than-truckload common carriers, and package carriers. Wabash National Corporation was founded in 1985 and is headquartered in Lafayette, Indiana.
Contact Information
Market Cap
$389.66M
P/E (TTM)
1.8
37.3
Dividend Yield
3.3%
52W High
$12.94
52W Low
$6.78
52W Range
Rank41Top 44.9%
4.0
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 4 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025
Financial Dashboard
Q4 2025 Data
Revenue
$321.45M+0.00%
4-Quarter Trend
EPS
-$1.23+0.00%
4-Quarter Trend
FCF
-$61.94M+0.00%
4-Quarter Trend
2025 Annual Earnings Highlights
Key Highlights
Net Income Swing Reversal Net income attributable to stockholders $211.5M profit versus $284.1M loss in 2024, driven by liability resolution.
Net Sales Decline Total net sales fell $404.0M, or 20.8%, to $1.543B, due to softening freight market demand impacting shipments.
Parts Services Segment Growth P&S segment sales increased 15.6% to $237.1M, primarily driven by growth in TaaS offerings of $24.7M.
Backlog Reduction Signals Pressure Twelve-month backlog decreased 29% to $576M; total backlog fell 40% to $705M amid cautious customers.
Risk Factors
Cyclical Industry Demand Business highly cyclical; poor economic conditions adversely affect demand for new trailers and pricing power.
Liquidity Position Tightening Liquidity position fell 44% to $235.3M due to lower operating cash flow and reduced available revolver capacity.
Supply Chain Constraints Risk Reliance on limited suppliers for key components like steel and aluminum creates risk for production continuity.
Technology Adoption Uncertainty Challenges in managing AI deployment and ensuring ethical use could result in reputational harm or liability.
Outlook
Focus on Recurring Revenue Strategy emphasizes Parts & Service growth to build a less cyclical sales base offsetting trailer market cycles.
Ecosystem Integration Strategy Continue leveraging ecosystem partnerships to develop innovative solutions and accelerate profitable growth profile.
Capital Allocation Balance Maintain strong liquidity, optimize debt leverage, and return capital via dividends and opportunistic share repurchases.
Technology Investment Continues Investing in digital capabilities like AI, TaaS, and proprietary technology to maintain competitive advantage.
Peer Comparison
Revenue (TTM)
$3.29B
$2.43B
$2.24B
Gross Margin (Latest Quarter)
25.7%
24.4%
16.7%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| BW | $1.94B | -61.9 | 14.8% | 55.6% |
| TITN | $475.58M | -8.6 | -9.0% | 51.1% |
| MTW | $467.17M | 64.1 | 1.1% | 32.1% |
Long-Term Trends
Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-5.5%
Growth Under Pressure
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
25%
Cash Flow Needs Attention
Deep Research
Next earnings:Apr 28, 2026
EPS:-
|Revenue:-
Financials
Earnings Calls
Reports
News
Income Statement
Balance Sheet
Cash Flow Statement
Ratios
% Chg.
Income Statement | LTM |
|---|
No Data