Wabash National (WNC) AI Stock Analysis

• Market Cap: $429.07M
• Dividend Yield: 3.59%
• Average Volume (3M): 619.82K
• Price to Earnings (P/E): 1.7
• Beta (1Y): 0.74
• 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: 850,402
• 30 Day Avg. Volume: 619,820
• 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: 1.80
• Enterprise Value/Revenue: 0.47
• Enterprise Value/Gross Profit: 6.50
• Enterprise Value/Ebitda: 1.95
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 62 Neutral
• Price Target: $9.50 ▲(5.20% Upside)

The score is driven primarily by improved profitability, strong cash flow trends, and better leverage, which support a mid-range fundamental outlook. However, weak guidance and ongoing demand softness (including business-line pressure and a declining backlog) weigh heavily, and the technical picture remains neutral-to-soft despite an attractive valuation and dividend yield.

Positive Factors

Cash Generation Ability

Strong cash flow growth indicates robust cash generation, enabling Wabash National to support operations, invest in growth, and manage debt effectively.

Margin Improvement

Improved profit margins reflect better cost management and operational efficiency, enhancing Wabash's profitability and competitive position.

Expansion Initiatives

Expansion of upfit centers supports growth by increasing capacity and service offerings, positioning Wabash to capture future demand.

Negative Factors

Decline in Truck Body Business

Challenges in the truck body segment could hinder overall revenue growth and affect Wabash's market position if not addressed.

Reduced Revenue Guidance

Reduced revenue guidance reflects ongoing market challenges, potentially impacting financial performance and investor confidence.

Impact of Tariffs

Tariff impacts increase costs and may pressure margins, affecting Wabash's competitiveness and profitability in the long term.

Wabash National Business Overview & Revenue Model

Company Description

Wabash National Corporation (WNC) is a prominent manufacturer and innovator in the transportation and logistics sector, specializing in the production of trailers, truck bodies, and other transportation equipment. The company operates primarily within the commercial trailer manufacturing industry and is known for its advanced composite technology and sustainable solutions. Wabash offers a diverse range of products, including dry freight van trailers, refrigerated trailers, and specialty trailers, catering to various sectors such as logistics, distribution, and freight transportation.

How the Company Makes Money

Wabash National generates revenue primarily through the sale of its trailers and truck bodies to a wide array of customers, including trucking companies, logistics providers, and fleet operators. The company’s revenue model is built on the manufacturing and direct sales of its core products, with key revenue streams coming from new trailer sales, aftermarket parts and services, and leasing options. Additionally, Wabash benefits from strategic partnerships with major logistics companies and has invested in research and development to enhance its product offerings, which provides competitive advantages. The company’s focus on innovation, particularly in fuel efficiency and weight reduction, positions it favorably in a market increasingly concerned with sustainability and operational cost savings.

Wabash National Financial Statement Overview

Summary

Wabash National shows solid financial performance with improved profitability and cash flow generation. Despite challenges in revenue growth, the company has enhanced its margins and leverage position. Continued focus on cost management and debt reduction is crucial.

Income Statement

Wabash National's income statement shows mixed results. The TTM data indicates a decline in revenue growth rate by 4.79%, but the company has improved its net profit margin to 15.89% from a negative margin in the previous year. The gross profit margin has decreased over time, indicating potential cost pressures. However, the EBIT and EBITDA margins have improved significantly, suggesting better operational efficiency.

Balance Sheet

The balance sheet reveals a moderate financial position. The debt-to-equity ratio has improved to 1.09 in the TTM, down from 2.30 in the previous year, indicating better leverage management. Return on equity is strong at 74.55%, reflecting high profitability relative to equity. However, the equity ratio suggests a moderate reliance on debt financing, which could pose risks if not managed carefully.

Cash Flow

Cash flow analysis shows positive trends with a significant free cash flow growth rate of 91.14% in the TTM. The operating cash flow to net income ratio is healthy, indicating good cash generation relative to profits. The free cash flow to net income ratio is also strong, suggesting efficient cash management. These metrics highlight the company's ability to generate cash and support its operations.

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	260.35M	-284.07M	231.25M	112.26M	1.16M	-97.41M
Balance Sheet
Total Assets	1.35B	1.41B	1.36B	1.20B	1.13B	1.18B
Cash, Cash Equivalents and Short-Term Investments	91.67M	115.48M	179.27M	58.24M	71.78M	217.68M
Total Debt	435.66M	433.56M	428.68M	418.82M	439.75M	459.44M
Total Liabilities	929.79M	1.22B	812.72M	805.40M	802.21M	775.05M
Stockholders Equity	418.73M	188.83M	549.50M	397.61M	325.54M	404.88M
Cash Flow
Free Cash Flow	108.43M	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: Positive
• Last Price: 9.03
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For WNC, the sentiment is Positive. The current price of 9.03 is below the 20-day moving average (MA) of 9.44, above the 50-day MA of 8.84, and below the 200-day MA of 9.54, indicating a bullish trend. The MACD of 0.47 indicates Negative momentum. The RSI at 71.64 is Negative, neither overbought nor oversold. The STOCH value of 90.03 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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	$492.69M	8.71	8.82%	―	-0.83%	―
GENC	69 Neutral	$202.28M	12.92	7.68%	―	―	―
CMCO	66 Neutral	$592.09M	151.32	0.44%	1.59%	-2.36%	-73.77%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
WNC	62 Neutral	$429.07M	1.74	84.07%	3.59%	-22.95%	―
TWI	58 Neutral	$574.28M	-92.96	-1.05%	―	-2.75%	22.20%
HY	51 Neutral	$588.42M	225.25	0.51%	4.61%	-8.30%	-98.18%

Wabash National Corporate Events

Wabash National Announces Plant Idling and Restructuring Plan

On January 5, 2026, Wabash National Corporation announced and initiated a plan to idle its facilities in Little Falls, Minnesota, and Goshen, Indiana, leading to job reductions of approximately 3 salaried and 53 hourly workers in Little Falls and 21 salaried and 193 hourly workers in Goshen, with the actions expected to be substantially complete by the end of the second quarter of 2026. The company expects to incur total charges of $15 million to $20 million, primarily non-cash asset impairment charges, with $12 million to $15 million recorded in the fourth quarter of 2025 and $3 million to $5 million in the first half of 2026, and anticipates that these measures will deliver fixed cost reductions in 2026 and beyond without discontinuing any business lines, signaling a restructuring aimed at improving long-term cost efficiency while affecting local employment at the idled plants.

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.