Wabash National (WNC) AI Stock Analysis

• Market Cap: $314.41M
• Dividend Yield: 4.13%
• Average Volume (3M): 459.70K
• Price to Earnings (P/E): 1.3
• Beta (1Y): 0.83
• Revenue Growth: -22.95%
• EPS Growth: N/A
• Country: US
• Employees: 6,000
• Sector: Industrials
• Sector Strength: 72
• Industry: Agricultural - Machinery
• EPS (TTM): -0.51
• Shares Outstanding: 40,516,636
• 10 Day Avg. Volume: 525,726
• 30 Day Avg. Volume: 459,704
• PEG Ratio: 0.01
• Price to Book (P/B): 4.02
• Price to Sales (P/S): 0.39
• P/FCF Ratio: 16.85
• Enterprise Value/Market Cap: 2.46
• Enterprise Value/Revenue: 0.47
• Enterprise Value/Gross Profit: 6.50
• Enterprise Value/Ebitda: 1.95
• 1Y Price Target: $9.00
• Price Target Upside: -0.33% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 49 Neutral
• Price Target: $8.00 ▼(-11.41% Downside)

Wabash National's overall stock score is primarily impacted by its mixed financial performance, with strong profitability overshadowed by declining revenue and historical leverage issues. The technical analysis indicates bearish momentum, and the valuation reflects potential financial distress. The earnings call provided cautious guidance, contributing to a moderate overall score.

Wabash National Business Overview & Revenue Model

Company Description

Wabash National Corporation (WNC) is a leading manufacturer of semi-trailers and a provider of transportation equipment in the United States. Founded in 1985 and headquartered in Lafayette, Indiana, the company specializes in producing a wide range of products, including refrigerated trailers, dry freight vans, and tank trailers. Wabash National operates in various sectors, including transportation, logistics, and manufacturing, with a focus on innovation in lightweight and durable materials to enhance fuel efficiency and reduce costs for its customers.

How the Company Makes Money

Wabash National generates revenue primarily through the sale of its semi-trailers and transportation equipment. The company's key revenue streams include the manufacturing and sale of different trailer types, including refrigerated trailers, dry vans, and specialty trailers. Additionally, Wabash National offers aftermarket parts and services, contributing to ongoing revenue from existing customers. Significant partnerships with major logistics and transportation companies enhance its market presence and sales volume. The company also benefits from trends in the freight and logistics industry, such as increased demand for e-commerce and more efficient transportation solutions, which drive revenue growth.

Wabash National Financial Statement Overview

Summary

Wabash National shows strong profitability with a net profit margin of 15.89% and an EBIT margin of 18.33%. However, declining revenue and historical high leverage pose risks. Improved leverage and strong cash flow growth are positive, but the overall financial performance is mixed due to revenue decline.

Income Statement

Wabash National's income statement shows mixed performance. The TTM data indicates a decline in revenue growth rate by 4.79%, which is concerning. However, the company has managed to maintain strong profitability metrics with a net profit margin of 15.89% and an EBIT margin of 18.33%. The gross profit margin has decreased over time, indicating potential cost management issues. Overall, while profitability is strong, the declining revenue trend is a risk factor.

Balance Sheet

The balance sheet reflects a moderate level of financial stability. The debt-to-equity ratio has improved to 1.01 in the TTM period from a high of 2.30 in 2024, indicating better leverage management. However, the return on equity is exceptionally high at 74.55%, which may not be sustainable. The equity ratio is not provided, but the improvement in leverage is a positive sign. Overall, the balance sheet shows improvement but still carries some risk due to historical high leverage.

Cash Flow

Cash flow analysis reveals a strong recovery in free cash flow growth, which increased by 91.67% in the TTM period. The operating cash flow to net income ratio is at 0.34, indicating that cash generation is aligned with reported earnings. The free cash flow to net income ratio is high at 91.57%, suggesting efficient cash conversion. Overall, the cash flow position is strong, with significant improvement in free cash flow generation.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.64B	1.95B	2.54B	2.50B	1.80B	1.48B
Gross Profit	119.07M	265.07M	498.19M	322.69M	196.47M	159.75M
EBITDA	396.87M	-299.77M	359.86M	214.25M	73.26M	-37.05M
Net Income	260.30M	-284.07M	231.25M	112.26M	1.16M	-97.41M
Balance Sheet
Total Assets	1.35B	1.41B	1.36B	1.20B	1.11B	1.16B
Cash, Cash Equivalents and Short-Term Investments	91.67M	115.48M	179.27M	58.24M	71.78M	217.68M
Total Debt	458.19M	433.56M	428.68M	418.82M	439.75M	459.44M
Total Liabilities	929.79M	1.22B	812.72M	805.40M	781.53M	756.59M
Stockholders Equity	418.73M	188.83M	549.50M	397.61M	325.54M	404.88M
Cash Flow
Free Cash Flow	122.41M	45.08M	221.51M	67.00M	-56.58M	104.00M
Operating Cash Flow	149.98M	117.27M	319.61M	124.08M	-7.47M	124.13M
Investing Cash Flow	-109.43M	-94.79M	-106.04M	-55.30M	-27.08M	-3.02M
Financing Cash Flow	-30.72M	-86.27M	-92.54M	-82.31M	-111.35M	-43.96M

Wabash National Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 9.03
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For WNC, the sentiment is Negative. The current price of 9.03 is above the 20-day moving average (MA) of 8.50, below the 50-day MA of 9.68, and below the 200-day MA of 10.36, indicating a bearish trend. The MACD of -0.52 indicates Positive momentum. The RSI at 28.49 is Positive, neither overbought nor oversold. The STOCH value of 11.21 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for WNC.

Wabash National Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MTW	70 Outperform	$398.56M	6.86	8.82%	―	-0.83%	―
CMCO	70 Neutral	$436.38M	111.53	0.44%	1.79%	-2.36%	-73.77%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
TWI	60 Neutral	$500.30M	―	-1.05%	―	-2.75%	22.20%
WNC	49 Neutral	$314.41M	1.28	84.07%	4.13%	-22.95%	―
HY	48 Neutral	$604.20M	231.30	0.51%	4.17%	-8.30%	-98.18%

Wabash National Corporate Events

Wabash National Reports Q3 2025 Earnings Amid Market Challenges

Wabash National Corporation, headquartered in Lafayette, Indiana, is a leading provider of innovative supply chain solutions for the transportation, logistics, and infrastructure markets, offering a wide range of products including trailers, truck bodies, and specialty equipment.

Wabash National Finalizes $30M Settlement in Lawsuit

On October 9, 2025, Wabash National finalized a settlement in a product liability lawsuit related to a vehicle accident involving a tractor-trailer. The settlement, which includes a $30 million contribution from the company, will be covered by insurance. The company will recognize an $81.2 million reduction to a previous charge, reflecting adjustments in insurance receivables and liabilities. The court had previously reduced punitive damages from $450 million to $108 million, maintaining compensatory damages at $11.5 million. The settlement does not imply any admission of liability or wrongdoing by Wabash National.

The most recent analyst rating on (WNC) stock is a Hold with a $9.50 price target. To see the full list of analyst forecasts on Wabash National stock, see the WNC Stock Forecast page.