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Industrials · Agricultural - Machinery · United States · Updated May 11, 12:17pm
$7.11
Price
$289.2M
Market Cap
6,000
Employees
1.59
Beta
Brent L. Yeagy
CEO
Business Description
Wabash National Corporation designs, manufactures, and distributes engineered solutions for the transportation, logistics, and distribution industries primarily in the United States. The company operates through two segments, Transportation Solutions and Parts & Services. The Transportation Solutions segment provides dry van and platform trailers; refrigerated trailers; converter dollies; van bodies for dry-freight transportation; cutaway van bodies for commercial applications; service bodies; insulated van bodies; stake bodies; refrigerated truck bodies; and used trailers, as well as laminated hardwood oak flooring products. This segment also offers stainless steel and aluminum tank trailers for the dairy, food and beverage, oil, gas, and chemical end markets; dry bulk trailers; and fiberglass reinforced poly tank trailers. The Parts & Services segment provides aftermarket parts and services; aluminum and steel flatbed bodies, shelving for package delivery, partitions, roof racks, hitches, liftgates, and thermal solutions; and door repair and replacement, collision repair, and basic maintenance services. This segment also offers stainless steel storage tanks and silos, mixers, and processors for the dairy, food and beverage, pharmaceutical, chemical, craft brewing, and biotech end markets; and composite products, including truck bodies, overhead doors, and other industrial application products. The company offers its products under the Wabash, DuraPlate, DuraPlateHD, DuraPlate AeroSkirt, and AeroSkirt CX brands, as well as EcoNex brand. It distributes its products directly, as well as through its retail operations and independent dealers to truckload common carriers, leasing companies, private fleet carriers, less-than-truckload common carriers, and package carriers. The company was founded in 1985 and is headquartered in Lafayette, Indiana.
Business History
Price Overview
Last updated: May 11, 2026 1:57pm (just now)$7.28
-0.19 (-2.54%)
Day Range
$7.03 – $7.42
52-Week Range
$7.03 – $12.94
50-Day MA
$8.72
200-Day MA
$9.55
Volume
348,927.00
Analyst Price Targets
Low
$8.50
Consensus
$8.50
High
$8.50
(11 analysts)
Share Structure
Outstanding
40,673,967.00
Float
37,048,696.00
Free Float
91.1%
High free float
— 91.1% of shares trade freely, ~8.9% held by insiders/institutions
Very liquid — most shares trade freely. Low insider ownership can mean less management alignment, but makes large position sizing straightforward.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
CALCStock Price / EPS (Diluted)
1.40
Stock Price: $7.11
EPS (Diluted): 5.09
EPS (Diluted): 5.09
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
0.98
Stock Price: $7.11
Total Equity: $367.36M
Shares: 41,746,000
Total Equity: $367.36M
Shares: 41,746,000
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
-150.23
Market Cap: $289.19M
Total Debt: $442.85M
Cash: $31.92M
EBITDA: $363.21M
Total Debt: $442.85M
Cash: $31.92M
EBITDA: $363.21M
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$770.0M
Market Cap: $289.19M
Total Debt: $442.85M
Cash: $31.92M
Total Debt: $442.85M
Cash: $31.92M
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
3.8%
Gross Profit: $58.73M
Revenue: $1.54B
Revenue: $1.54B
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
20.8%
Operating Income: $321.06M
Revenue: $1.54B
Revenue: $1.54B
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
13.7%
Net Income: $211.45M
Revenue: $1.54B
Revenue: $1.54B
ROE (Profit from shareholder equity)
APINet Income / Total Equity
-17.3%
Net Income: $211.45M
Total Equity: $367.36M
Total Equity: $367.36M
ROIC (Profit from all invested capital)
APINOPAT / Invested Capital
-4.1%
Operating Income: $321.06M
Tax Rate: 25.3%
Equity: $367.36M
Total Debt: $442.85M
Cash: $31.92M
Tax Rate: 25.3%
Equity: $367.36M
Total Debt: $442.85M
Cash: $31.92M
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
1.39
Current Assets: $419.09M
Current Liabilities: $302.36M
Current Liabilities: $302.36M
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
1.21
Short-Term Debt: $0.00
Long-Term Debt: $442.85M
Total Debt: $442.85M
Total Equity: $367.36M
Long-Term Debt: $442.85M
Total Debt: $442.85M
Total Equity: $367.36M
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$36.96
Revenue: $1.54B
Shares: 41,746,000
Shares: 41,746,000
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$8.80
Total Equity: $367.36M
Shares: 41,746,000
Shares: 41,746,000
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$-0.31
Operating CF: $11.67M
CapEx: -$24.71M
Shares: 41,746,000
CapEx: -$24.71M
Shares: 41,746,000
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
3.8%
Last Dividend: N/A
Stock Price: $7.11
Stock Price: $7.11
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $211.45M
Net Income: $211.45M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares WNC against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $1.8B | $2.5B | $2.5B | $1.9B | $1.5B |
| Cost of Revenue | $1.6B | $2.2B | $2.0B | $1.7B | $1.5B |
| Gross Profit | $196.5M | $322.7M | $498.2M | $265.1M | $58.7M |
| Operating Expenses | $162.9M | $155.4M | $186.2M | $621.2M | -$262.3M |
| Operating Income | $33.5M | $166.6M | $311.9M | -$356.1M | $321.1M |
| Net Income | $1.2M | $112.3M | $231.3M | -$284.1M | $211.5M |
| EBITDA | $73.3M | $214.3M | $359.9M | -$299.8M | $363.2M |
| EPS | $0.02 | $2.31 | $4.92 | $-6.40 | $5.09 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $71.8M | $58.2M | $179.3M | $115.5M | $31.9M |
| Total Current Assets | $529.7M | $592.6M | $681.4M | $594.5M | $419.1M |
| Total Assets | $1.1B | $1.2B | $1.4B | $1.4B | $1.2B |
| Current Liabilities | $289.3M | $347.5M | $352.2M | $308.4M | $302.4M |
| Long-Term Debt | $428.3M | $395.8M | $396.5M | $397.1M | $442.9M |
| Total Liabilities | $802.2M | $805.4M | $812.7M | $1.2B | $802.7M |
| Total Equity | $325.5M | $397.6M | $549.5M | $188.8M | $367.4M |
| Retained Earnings | $92.1M | $188.2M | $403.9M | $105.6M | $303.6M |
Cash Flow (Annual)
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | -$7.5M | $124.1M | $319.6M | $117.3M | $11.7M |
| Capital Expenditure | -$49.1M | -$57.1M | -$98.1M | -$72.2M | -$24.7M |
| Free Cash Flow | -$56.6M | $67.0M | $221.5M | $45.1M | -$13.0M |
| Acquisitions (net) | $0 | $0 | -$2.5M | -$20.1M | -$20.6M |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | -$66.7M | -$34.3M | -$76.2M | -$70.9M | -$33.8M |
| Net Change in Cash | -$145.9M | -$13.5M | $121.0M | -$63.8M | -$83.6M |
Analyst Estimates (Annual)
| Metric | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| Revenue |
$1.9B $1.9B – $2.0B
|
$1.5B $1.5B – $1.6B
|
$1.6B $1.5B – $1.6B
|
$2.0B $2.0B – $2.0B
|
| EBITDA |
$135.9M $135.1M – $136.7M
|
$108.1M $107.3M – $108.9M
|
$109.4M $104.2M – $114.7M
|
$139.9M $138.2M – $141.7M
|
| Net Income |
$53.6M $51.6M – $55.5M
|
-$82.2M -$83.4M – -$80.9M
|
-$70.9M -$73.5M – -$68.3M
|
$52.5M $50.6M – $54.4M
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +38.8% | +1.4% | -23.3% | -20.8% |
| Gross Profit Growth | +64.2% | +54.4% | -46.8% | -77.8% |
| Operating Income Growth | +396.8% | +87.2% | -214.2% | +190.2% |
| Net Income Growth | +9,544.2% | +106.0% | -222.8% | +174.4% |
| EBITDA Growth | +192.5% | +68.0% | -183.3% | +221.2% |
Insider Trading (Recent)
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-04-29 | Winston Donald Adrian | F-InKind | 1,086.00 | $8.34 | $9,057 |
| 2025-05-14 | Murtlow Ann D. | 0.00 | $0.00 | $0 | |
| 2026-02-14 | Winston Donald Adrian | F-InKind | 857.00 | $11.86 | $10,164 |
| 2026-02-14 | Schwartzhoff Drew John | F-InKind | 595.00 | $11.86 | $7,057 |
| 2026-02-14 | Keslin Patrick Joseph | F-InKind | 621.00 | $11.86 | $7,365 |
| 2026-02-15 | Keslin Patrick Joseph | F-InKind | 484.00 | $11.86 | $5,740 |
| 2026-02-14 | Pettit Michael N | F-InKind | 3,367.00 | $11.86 | $39,933 |
| 2026-02-15 | Pettit Michael N | F-InKind | 7,439.00 | $11.86 | $88,227 |
| 2026-02-14 | Yeagy Brent L | F-InKind | 10,224.00 | $11.86 | $121,257 |
| 2026-02-15 | Yeagy Brent L | F-InKind | 28,651.00 | $11.86 | $339,801 |
| 2026-02-14 | Glazner Mary Kristin | F-InKind | 2,220.00 | $11.86 | $26,329 |
| 2026-02-15 | Glazner Mary Kristin | F-InKind | 5,778.00 | $11.86 | $68,527 |
| 2026-02-12 | Winston Donald Adrian | A-Award | 38,627.00 | $0.00 | $0 |
| 2026-02-12 | Winston Donald Adrian | F-InKind | 4,774.00 | $11.65 | $55,617 |
| 2026-02-12 | Schwartzhoff Drew John | A-Award | 32,189.00 | $0.00 | $0 |
| 2026-02-12 | Schwartzhoff Drew John | F-InKind | 2,631.00 | $11.65 | $30,651 |
| 2026-02-12 | Keslin Patrick Joseph | A-Award | 34,335.00 | $0.00 | $0 |
| 2026-02-12 | Keslin Patrick Joseph | F-InKind | 3,901.00 | $11.65 | $45,447 |
| 2026-02-12 | Pettit Michael N | A-Award | 60,086.00 | $0.00 | $0 |
| 2026-02-12 | Pettit Michael N | F-InKind | 8,184.00 | $11.65 | $95,344 |
Dividend History (Last 20)
| Date | Dividend | Declaration | Record | Payment |
|---|---|---|---|---|
| 2026-04-02 | $0.08 | 2026-02-11 | 2026-04-02 | 2026-04-23 |
| 2026-01-08 | $0.08 | 2025-11-20 | 2026-01-08 | 2026-01-29 |
| 2025-10-02 | $0.08 | 2025-08-20 | 2025-10-02 | 2025-10-23 |
| 2025-07-03 | $0.08 | 2025-05-15 | 2025-07-03 | 2025-07-24 |
| 2025-04-03 | $0.08 | 2025-02-13 | 2025-04-03 | 2025-04-24 |
| 2025-01-10 | $0.08 | 2024-11-21 | 2025-01-10 | 2025-01-30 |
| 2024-10-10 | $0.08 | 2024-08-15 | 2024-10-10 | 2024-10-31 |
| 2024-07-03 | $0.08 | 2024-05-21 | 2024-07-03 | 2024-07-25 |
| 2024-04-03 | $0.08 | 2024-02-15 | 2024-04-04 | 2024-04-25 |
| 2024-01-03 | $0.08 | 2023-11-30 | 2024-01-04 | 2024-01-25 |
| 2023-10-04 | $0.08 | 2023-08-17 | 2023-10-05 | 2023-10-26 |
| 2023-07-05 | $0.08 | 2023-05-11 | 2023-07-06 | 2023-07-27 |
| 2023-04-05 | $0.08 | 2023-02-16 | 2023-04-06 | 2023-04-27 |
| 2023-01-04 | $0.08 | 2022-11-18 | 2023-01-05 | 2023-01-26 |
| 2022-10-05 | $0.08 | 2022-08-17 | 2022-10-06 | 2022-10-27 |
| 2022-07-06 | $0.08 | 2022-05-13 | 2022-07-07 | 2022-07-28 |
| 2022-04-06 | $0.08 | 2022-02-21 | 2022-04-07 | 2022-04-28 |
| 2022-01-05 | $0.08 | 2021-11-18 | 2022-01-06 | 2022-01-27 |
| 2021-10-06 | $0.08 | 2021-08-18 | 2021-10-07 | 2021-10-28 |
| 2021-07-07 | $0.08 | 2021-05-12 | 2021-07-08 | 2021-07-29 |
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.193 · 1946f027 · 2026-05-08 18:57:27