WABASH NATIONAL CORPORATION financials
Source: EDGAR filings · Built 2026-06-02T04:24:15Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -13.04M | 45.08M | 221.51M | 66.94M | -56.89M | 103.68M |
| EBITDA | 366.24M | -299.12M | 357.27M | 213.61M | 82.38M | -37.64M |
| Working Capital | 116.79M | 286.08M | 329.14M | 245.15M | 240.38M | 310.01M |
| Net Debt | 449.58M | 320.94M | 252.95M | 364.76M | 372.69M | 247.62M |
| Gross Margin | 4.53% | 13.62% | 19.64% | 12.90% | 10.90% | 10.78% |
| Operating Margin | 19.93% | -18.29% | 12.30% | 6.66% | 1.86% | -5.78% |
| Net Margin | 13.71% | -14.59% | 9.12% | 4.49% | 0.06% | -6.57% |
| Return on Equity (ROE) | 57.56% | -150.44% | 42.08% | 28.23% | 0.36% | -24.06% |
| Return on Assets (ROA) | 18.05% | -20.13% | 16.97% | 9.33% | 0.11% | -8.39% |
| Current Ratio | 1.39× | 1.93× | 1.93× | 1.71× | 1.83× | 2.31× |
| Debt-to-Equity | 1.31× | 2.31× | 0.79× | 1.06× | 1.37× | 1.15× |
| Effective Tax Rate | 25.26% | 24.83% | 21.32% | 22.99% | 9.77% | 10.81% |
| Cash Conversion Ratio | 0.06× | -0.41× | 1.38× | 1.11× | -6.42× | -1.27× |
| Accruals Ratio | 0.17× | -0.28× | -0.06× | -0.01× | 0.01× | -0.19× |
| SBC % of Revenue | 0.74% | 0.58% | 0.47% | 0.39% | 0.39% | 0.30% |
| CapEx Coverage | 0.47× | 1.62× | 3.26× | 2.17× | -0.15× | 6.07× |
| Free Cash Flow Per Share | $-0.31 | $1.02 | $4.61 | $1.34 | $-1.10 | $1.96 |
Valuation Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| P/E Trailing (Diluted) | 1.71× | — | 5.33× | 10.04× | 976.00× | — |
| P/FCF | — | 16.86× | 5.56× | 16.84× | — | 8.80× |
| FCF Yield | — | 5.93% | 18.00% | 5.94% | — | 11.37% |
| EV / EBITDA | 2.18× | — | 3.96× | 6.75× | 16.12× | — |
| P/S | 0.23× | 0.38× | 0.46× | 0.43× | 0.53× | 0.61× |
| P/B | 0.95× | 3.89× | 2.12× | 2.71× | 2.94× | 2.24× |
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 1.54B | 1.95B | 2.54B | 2.50B | 1.80B | 1.48B |
| Cost of Revenue | 1.47B | 1.68B | 2.04B | 2.18B | 1.61B | 1.32B |
| Gross Profit | 69.91M | 265.07M | 498.19M | 322.69M | 196.47M | 159.75M |
| Research and Development Expense | 5.90M | 8.60M | 7.50M | 5.30M | 13.60M | 21.90M |
| Selling, General and Administrative Expense | — | 621.18M | 186.24M | 156.05M | — | — |
| Operating Income (Loss) | 307.50M | -356.10M | 311.95M | 166.64M | 33.54M | -85.61M |
| Income Tax Expense (Benefit) | 71.52M | -93.52M | 62.83M | 33.66M | 126.00K | -11.80M |
| Net Income (Loss) Attributable to Parent | 211.45M | -284.07M | 231.25M | 112.26M | 1.16M | -97.41M |
| Earnings Per Share, Basic | $5.09 | $-6.40 | $4.92 | $2.31 | $0.02 | $-1.84 |
| Weighted Average Number of Shares Outstanding, Basic | 41.51M | 44.36M | 47.01M | 48.63M | 50.68M | 52.95M |
| Earnings Per Share, Diluted | $5.07 | $-6.40 | $4.81 | $2.25 | $0.02 | $-1.84 |
| Weighted Average Number of Shares Outstanding, Diluted | 41.75M | 44.36M | 48.03M | 49.88M | 51.61M | 52.95M |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 31.92M | 115.48M | 179.27M | 58.24M | 71.78M | 217.68M |
| Assets, Current | 419.09M | 594.49M | 681.35M | 592.62M | 529.71M | 545.76M |
| Assets | 1.17B | 1.41B | 1.36B | 1.20B | 1.11B | 1.16B |
| Long-term Debt | 445.00M | 400.00M | 400.00M | 400.00M | 433.04M | 453.83M |
| Liabilities, Current | 302.30M | 308.41M | 352.21M | 347.47M | 289.32M | 235.75M |
| Long-term Debt, Excluding Current Maturities | 442.85M | 397.14M | 396.46M | 395.82M | 428.31M | 447.98M |
| Liabilities | 802.64M | 1.22B | 812.72M | 805.40M | 781.53M | 756.59M |
| Stockholders' Equity Attributable to Parent | 367.36M | 188.83M | 549.50M | 397.61M | 325.54M | 404.88M |
| Common Stock, Shares, Outstanding | 40.44M | 42.88M | 45.39M | 47.68M | 48.95M | 52.54M |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 11.67M | 117.27M | 319.61M | 124.08M | -7.47M | 124.13M |
| Payments to Acquire Property, Plant, and Equipment | 24.71M | 72.19M | 98.09M | 57.09M | 49.10M | 20.13M |
| Net Cash Provided by (Used in) Investing Activities | -92.68M | -94.79M | -106.04M | -55.30M | -27.08M | -3.02M |
| Payments of Dividends | 13.78M | 14.78M | 15.86M | 16.02M | 16.43M | 17.32M |
| Net Cash Provided by (Used in) Financing Activities | -2.54M | -86.27M | -92.54M | -82.31M | -111.35M | -43.96M |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -37.08M | -61.94M | 48.89M | -31.03M | -8.97M | 59.54M |
| EBITDA | -37.33M | -44.92M | 72.26M | 9.32M | 329.58M | 20.18M |
| Working Capital | 116.50M | 116.79M | 156.24M | 251.53M | 242.20M | 286.08M |
| Net Debt | 489.50M | 449.58M | 368.85M | 415.90M | 375.03M | 320.94M |
| Gross Margin | -3.49% | -1.93% | 4.12% | 9.02% | 4.99% | 10.31% |
| Operating Margin | -17.27% | -18.65% | 15.11% | -1.04% | 82.58% | 0.86% |
| Net Margin | -14.90% | -15.52% | 10.48% | -2.09% | 60.63% | -0.25% |
| Return on Equity (ROE) | -14.09% | -13.58% | 9.55% | -2.49% | 57.19% | -0.55% |
| Return on Assets (ROA) | -3.67% | -4.26% | 2.96% | -0.70% | 16.32% | -0.07% |
| Current Ratio | 1.33× | 1.39× | 1.35× | 1.68× | 1.58× | 1.93× |
| Debt-to-Equity | 1.66× | 1.31× | 1.10× | 1.23× | 1.13× | 2.31× |
| Effective Tax Rate | 22.35% | 23.68% | 22.51% | 21.90% | 25.25% | 65.37% |
| Cash Conversion Ratio | 0.74× | 1.15× | 1.73× | 1.68× | -0.00× | -78.53× |
| Accruals Ratio | -0.01× | 0.01× | -0.02× | 0.00× | 0.16× | -0.06× |
| SBC % of Revenue | 1.05% | 0.80% | 2.33% | 1.23% | 0.85% | 0.33% |
| CapEx Coverage | -9.83× | -12.75× | 3.42× | -1.08× | -0.03× | 3.79× |
| Free Cash Flow Per Share | $-0.91 | $-1.48 | $1.19 | $-0.74 | $-0.21 | $1.34 |
Valuation Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| P/E Trailing (Diluted) | — | 1.78× | 1.62× | — | — | — |
| EV / EBITDA | — | 2.18× | 1.78× | — | — | — |
| P/S | 0.24× | 0.23× | 0.24× | 0.25× | 0.26× | 0.38× |
| P/B | 1.09× | 0.95× | 0.95× | 1.13× | 1.15× | 3.89× |
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 303.23M | 321.45M | 381.60M | 458.82M | 380.89M | 416.81M |
| Cost of Revenue | 313.80M | 327.65M | 365.89M | 417.42M | 361.89M | 373.86M |
| Gross Profit | -10.57M | -6.20M | 15.71M | 41.40M | 19.00M | 42.96M |
| Operating Income (Loss) | -52.36M | -59.94M | 57.65M | -4.75M | 314.55M | 3.59M |
| Income Tax Expense (Benefit) | -13.02M | -15.51M | 11.63M | -2.69M | 78.10M | -1.31M |
| Net Income (Loss) Attributable to Parent | -45.17M | -49.88M | 39.98M | -9.59M | 230.94M | -1.03M |
| Earnings Per Share, Basic | $-1.11 | $-1.23 | $0.98 | $-0.23 | $5.41 | $-0.02 |
| Weighted Average Number of Shares Outstanding, Basic | 40.74M | 41.51M | 40.93M | 41.75M | 42.72M | 44.36M |
| Earnings Per Share, Diluted | $-1.11 | $-1.23 | $0.97 | $-0.23 | $5.36 | $-0.02 |
| Weighted Average Number of Shares Outstanding, Diluted | 40.74M | 41.75M | 41.17M | 41.75M | 43.09M | 44.36M |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 43.43M | 31.92M | 91.67M | 57.42M | 81.04M | 115.48M |
| Assets, Current | 469.25M | 419.09M | 603.46M | 623.92M | 657.57M | 594.49M |
| Assets | 1.23B | 1.17B | 1.35B | 1.38B | 1.42B | 1.41B |
| Long-term Debt | 500.00M | 445.00M | 425.00M | 440.00M | 420.00M | 400.00M |
| Liabilities, Current | 352.75M | 302.30M | 447.22M | 372.39M | 415.36M | 308.41M |
| Long-term Debt, Excluding Current Maturities | 498.04M | 442.85M | 422.67M | 437.49M | 417.32M | 397.14M |
| Liabilities | 907.39M | 802.64M | 929.79M | 989.58M | 1.01B | 1.22B |
| Stockholders' Equity Attributable to Parent | 320.61M | 367.36M | 418.73M | 385.22M | 403.84M | 188.83M |
| Common Stock, Shares, Outstanding | 40.67M | 40.44M | 40.52M | 41.09M | 42.15M | 42.88M |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -33.65M | -57.43M | 69.10M | -16.11M | -272.00K | 80.88M |
| Payments to Acquire Property, Plant, and Equipment | 3.42M | 4.50M | 20.21M | 14.93M | 8.70M | 21.34M |
| Net Cash Provided by (Used in) Investing Activities | -4.32M | -18.41M | -74.27M | -47.79M | -33.82M | -35.15M |
| Payments of Dividends | 3.48M | 3.24M | 10.54M | 7.25M | 3.86M | 3.47M |
| Net Cash Provided by (Used in) Financing Activities | 49.48M | 16.09M | -18.64M | 5.83M | -358.00K | -12.09M |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (WNC CIK 0000879526),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.