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NYSE · TRUCK TRAILERS · MID CAP

Wabash National Corp. WNC

17 fiscal years on record · USD · FY2025 reported · SEC filings only
$1.5B
▼ 20.8% YoY
$211.5M
$-13.0M
▼ 128.9% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

Wabash National Corporation designs, manufactures, and services a diverse range of products supporting first-to-final mile operations, including dry freight and refrigerated trailers, platform trailers, tank trailers, dry and refrigerated truck bodies, structural composite panels and products, trailer aerodynamic solutions, and specialty food grade processing equipment. As of December 31, 2025, it had approximately 4,700 Wabash employees, essentially all of whom were non-union throughout 2025. The Company manages its business in two operating and reportable segments: Transportation Solutions and Parts & Services. Wabash was founded in 1985 and incorporated as a corporation in Delaware in 1991, with its principal executive offices in Lafayette, Indiana, as a dry van trailer manufacturer.

Written from the business description in WABASH NATIONAL CORPORATION's annual report to the U.S. Securities and Exchange Commission, filed 18 February 2026. Every sentence was checked against that document before publication.

Growth

USD 1.5B
Revenue, FY2025 · full 17-year series below
Revenue $B Net income $B
FY2025 · Revenue 1.5 · Net income 0.2
1.0B2.0B-0.1B-0.2B
2009201220152018202120242025
Compound annual growth
−14.9%
+0.8%
−2.7%
+6.0%
+23.5%
+7.3%
+31.1%
+13.0%
+0.0%
+0.0%
−4.9%
−4.5%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +0.8% a year over the five years to FY2025.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

14 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 19.9% · Net 13.7%
5%10%15%-10%-20%-30%
200920172025
ROE
FY2025 · ROE 76.0%
20%40%60%-50%-100%-150%
200920172025
Three returns, three denominators.

Each USD of equity produced 76 cents of profit this year.

Cash & shareholders

USD 13.8M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -13.0
100M200M-20M-40M
200920172025
Net buybacks $M Dividends $M
FY2025 · Dividends 13.8 · Net buybacks ·
10M20M
201520172019202120232025

USD 13.8M in dividends — 7% of the year's profit went back to shareholders.

Total assetsUSD 1.2B
EquityUSD 367.4M
CashUSD 31.9M
Gross debtUSD 442.9M
Net debtUSD 410.9M
Current ratio1.39×

Net debt stands at 112% of equity.

The 17-year record

17 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data
WNC, 17-year financial record
Metric 20252024202320222021202020192018201720162015201420132012201120102009
Revenue $B1.51.92.52.51.81.52.32.31.81.82.01.91.61.51.20.60.3
Operating income $B0.3−0.40.30.20.0−0.10.10.10.10.20.20.10.10.10.0−0.0−0.1
EBITDA $B0.4−0.30.30.20.1−0.10.20.10.10.20.20.10.10.10.0−0.0◌
Income tax $B0.1−0.10.10.00.0−0.00.00.00.00.10.10.00.0−0.10.0−0.0−0.0
Net income $B0.2−0.30.20.10.0−0.10.10.10.10.10.10.10.00.10.0−0.1−0.1
Free cash flow $B−0.00.00.20.1−0.10.10.10.10.10.20.10.10.10.1−0.0−0.0−0.0
EPS, diluted $5.07−6.404.812.250.02−1.841.621.191.781.821.500.850.671.530.22−3.36−3.48
Dividend / sh $0.320.320.320.320.320.320.320.300.260.060.00◌◌◌◌◌◌
Payout %7−57141412−1820261400——————
ROE %76.0−77.048.831.00.3−21.018.014.222.826.225.117.115.750.910.9−155.3−190.3
Shares out B0.040.040.050.050.050.050.050.060.060.060.060.070.070.070.070.07◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

More in this sector

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Provenance

Company facts, as filed

How we verify · 1 failure in 82 reconciliationsAUDITED

Reconciled in 16 of the 17 fiscal years we could check. Six checks were skipped: the balance sheet is not tagged before 2010. Three checks were skipped: the share count is not tagged before 2010. Two checks were skipped: revenue is not tagged before 2009.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency1 failure
ActivityTruck Trailers
Listed onNYSE
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2009

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