All currency values in $ millions unless otherwise noted
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| Income Statement | TTM | DEC 2025 | DEC 2024 | DEC 2023 | DEC 2022 | DEC 2021 |
|---|---|---|---|---|---|---|
| Revenues | ||||||
| Revenue | $1,518 | $1,543 | $1,947 | $2,537 | $2,502 | $1,803 |
| Cost of Revenue | $1,505 | $1,473 | $1,682 | $2,038 | $2,179 | $1,607 |
| Gross Profit | $13 | $70 | $265 | $498 | $323 | $196 |
| Operating Expenses | ||||||
| Selling & Marketing | $27 | $24 | $28 | $27 | $27 | $24 |
| General & Administrative | – | – | $621 | $186 | $156 | $89 |
| Research & Development | – | $6 | $9 | $8 | $5 | $14 |
| Provision for Doubtful Accounts | – | $1 | $0 | $1 | $0 | $0 |
| Total Operating Expenses | $1,676 | $1,235 | $658 | $220 | $188 | $126 |
| Operating Income | -$158 | $308 | -$356 | $312 | $167 | $94 |
| Non-Operating | ||||||
| Net Interest Expense | -$25 | -$21 | -$20 | -$20 | -$21 | -$23 |
| Other Non-Operating Income (Expense) | $1 | -$3 | -$1 | $3 | $0 | -$70 |
| EBT (Earnings Before Tax) | -$182 | $283 | -$377 | $295 | $146 | $1 |
| Income Tax Expense | -$44 | $72 | -$94 | $63 | $34 | $0 |
| Minority Interest | $0 | $0 | $1 | $1 | $1 | $0 |
| Net Income | ||||||
| Net Income | -$139 | $211 | -$284 | $231 | $112 | $1 |
| Per Share Data | ||||||
| Revenue Per Share | $37.04 | $36.96 | $43.89 | $52.81 | $50.16 | $34.94 |
| EPS (Basic) | -$3.25 | $5.09 | -$6.40 | $4.92 | $2.31 | $0.02 |
| EPS (Diluted) | -$3.21 | $5.07 | -$6.40 | $4.81 | $2.25 | $0.02 |
| Weighted Avg Shares (Basic) | 41.0M | 41.5M | 44.4M | 47.0M | 48.6M | 50.7M |
| Weighted Avg Shares (Diluted) | 41.0M | 41.7M | 44.4M | 48.0M | 49.9M | 51.6M |
| Shares Outstanding | 41.0M | 41.7M | 44.4M | 48.0M | 49.9M | 51.6M |
| Dividends Per Share | $0.32 | $0.32 | $0.32 | $0.32 | $0.32 | $0.32 |
Wabash National (WNC) financials: revenue, profit and margins
Wabash National (WNC) generated about $1.5 billion in revenue and -$139 million in net income (a -9.1% net margin) over the trailing twelve months, growing at roughly 0.8% a year. Figures are from SEC filings; this is analysis, not investment advice.
Frequently asked
What is Wabash National's (WNC) revenue?+
Wabash National generated about $1.5 billion in revenue over the trailing twelve months. Revenue has grown at roughly 0.8% a year over the past five years. Revenue is the top line, before any costs; what matters for value is how much of it survives to free cash flow. The full income statement, balance sheet and cash-flow statement are on this tab.
Is Wabash National profitable?+
Wabash National reported about -$139 million in net loss over the trailing twelve months, a net margin of roughly -9.1%. Net income is the bottom line after all costs, interest and taxes. Compare it to free cash flow on this tab, since reported profit and actual cash generated can diverge.
What are Wabash National's profit margins?+
Wabash National runs a gross margin of about 0.9%, an operating margin of about -10.4%, a net margin of about -9.1%. Margins show how much of each sales dollar a company keeps at each stage. Stable or rising margins usually signal pricing power and cost discipline; falling margins are worth investigating. See the multi-year trend on this tab.
How fast is Wabash National growing?+
Wabash National's revenue has compounded at roughly 0.8% a year over the past five years. Growth only creates value when it is profitable and cash-generative, so read this rate alongside WNC's margins and free cash flow. This is analysis from SEC filings, not investment advice.
SourceFinancial statements computed from the 10-Q filed 22 Oct 2026, covering the period ending 30 Sept 2026, as reported to the SEC. Data last refreshed 30 Oct 2026. How this is calculated.
Fiscal year ends Dec.
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Held by ETFs
WNC is in 26 US ETFs. The largest of them, with WNC's weight in each:
Avantis U.S. Small Cap Value ETFAVUV0.02%of the fund
iShares Russell 2000 Value ETFIWN0.04%of the fund
Global X U.S. Infrastructure Development ETFPAVE0.32%of the fund
Schwab Fundamental U.S. Small Company ETFFNDA0.08%of the fund
Vanguard Industrials ETFVIS0.01%of the fund
Dimensional US Small Cap Value ETFDFSV0.02%of the fund
Spot a number that looks wrong? Check it in WNC's SEC filings or
Download this analysis as a PDF (Pro)
Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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