(WNC) Wabash National - Overview
Stock: Trailers, Truck Bodies, Parts, Tank Equipment, Floor
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 3.11% |
| Yield on Cost 5y | 2.05% |
| Yield CAGR 5y | 0.00% |
| Payout Consistency | 57.3% |
| Payout Ratio | 6.3% |
| Risk 5d forecast | |
|---|---|
| Volatility | 52.2% |
| Relative Tail Risk | -6.44% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.11 |
| Alpha | -40.48 |
| Character TTM | |
|---|---|
| Beta | 1.130 |
| Beta Downside | 0.962 |
| Drawdowns 3y | |
|---|---|
| Max DD | 76.38% |
| CAGR/Max DD | -0.33 |
Description: WNC Wabash National December 28, 2025
Wabash National Corporation (NYSE: WNC) designs, manufactures and services a wide range of transportation-industry equipment, operating through two segments: Transportation Solutions (dry-van, refrigerated, tank and platform trailers, plus used trailers) and Parts & Services (aftermarket components, repair work, and a digital marketplace for logistics). The firm also offers specialty truck bodies, laminated hardwood flooring, and stainless-steel storage tanks for food-processing, biotech and other industrial markets, marketed under brands such as Wabash, DuraPlate, DuraPlateHD, AeroSkirt and EcoNex.
According to the FY 2023 Form 10-K, Wabash generated roughly **$2.9 billion** in revenue, with the Transportation Solutions segment accounting for about **70 %** of sales and delivering an operating margin near **9 %**. The Parts & Services segment, while smaller, enjoys higher gross margins (≈ 30 %) driven by recurring-revenue services like “trailers-as-a-service” and aftermarket parts sales.
Key economic drivers include U.S. freight demand, which is closely linked to GDP growth and the sustained expansion of e-commerce; truck-load volumes have risen **3-5 % YoY** over the past two years, supporting trailer orders. Additionally, tighter fuel-efficiency regulations and the growing need for refrigerated capacity in the cold-chain sector boost demand for lightweight aluminum and insulated trailer designs.
For a concise, data-focused assessment of Wabash’s recurring-revenue pipeline and margin outlook, the analyst brief on ValueRay offers a useful next step.
Piotroski VR‑10 (Strict, 0-10) 5.5
| Net Income: 211.5m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.01 > 0.02 and ΔFCF/TA -4.31 > 1.0 |
| NWC/Revenue: 7.57% < 20% (prev 14.70%; Δ -7.13% < -1%) |
| CFO/TA 0.01 > 3% & CFO 11.7m > Net Income 211.5m |
| Net Debt (410.9m) to EBITDA (348.4m): 1.18 < 3 |
| Current Ratio: 1.39 > 1.5 & < 3 |
| Outstanding Shares: last quarter (40.7m) vs 12m ago -8.33% < -2% |
| Gross Margin: 3.81% > 18% (prev 0.14%; Δ 367.0% > 0.5%) |
| Asset Turnover: 119.5% > 50% (prev 137.9%; Δ -18.45% > 0%) |
| Interest Coverage Ratio: 13.81 > 6 (EBITDA TTM 348.4m / Interest Expense TTM 21.3m) |
Altman Z'' 3.43
| A: 0.10 (Total Current Assets 419.1m - Total Current Liabilities 302.4m) / Total Assets 1.17b |
| B: 0.26 (Retained Earnings 303.6m / Total Assets 1.17b) |
| C: 0.23 (EBIT TTM 294.4m / Avg Total Assets 1.29b) |
| D: 0.38 (Book Value of Equity 304.0m / Total Liabilities 802.7m) |
| Altman-Z'' Score: 3.43 = A |
Beneish M -0.60
| DSRI: 0.98 (Receivables 119.9m/154.2m, Revenue 1.54b/1.95b) |
| GMI: 3.58 (GM 3.81% / 13.62%) |
| AQI: 1.14 (AQ_t 0.39 / AQ_t-1 0.34) |
| SGI: 0.79 (Revenue 1.54b / 1.95b) |
| TATA: 0.17 (NI 211.5m - CFO 11.7m) / TA 1.17b) |
| Beneish M-Score: -0.60 (Cap -4..+1) = D |
What is the price of WNC shares?
Over the past week, the price has changed by +8.88%, over one month by +14.10%, over three months by +43.37% and over the past year by -20.55%.
Is WNC a buy, sell or hold?
- StrongBuy: 1
- Buy: 0
- Hold: 1
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the WNC price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 13.5 | 22.4% |
| Analysts Target Price | 13.5 | 22.4% |
| ValueRay Target Price | 10.8 | -2.5% |
WNC Fundamental Data Overview February 07, 2026
P/S = 0.2878
P/B = 1.2176
P/EG = 1.0
Revenue TTM = 1.54b USD
EBIT TTM = 294.4m USD
EBITDA TTM = 348.4m USD
Long Term Debt = 422.7m USD (from longTermDebt, two quarters ago)
Short Term Debt = 13.0m USD (from shortTermDebt, two quarters ago)
Debt = 442.9m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 410.9m USD (from netDebt column, last quarter)
Enterprise Value = 855.0m USD (444.1m + Debt 442.9m - CCE 31.9m)
Interest Coverage Ratio = 13.81 (Ebit TTM 294.4m / Interest Expense TTM 21.3m)
EV/FCF = -65.54x (Enterprise Value 855.0m / FCF TTM -13.0m)
FCF Yield = -1.53% (FCF TTM -13.0m / Enterprise Value 855.0m)
FCF Margin = -0.85% (FCF TTM -13.0m / Revenue TTM 1.54b)
Net Margin = 13.71% (Net Income TTM 211.5m / Revenue TTM 1.54b)
Gross Margin = 3.81% ((Revenue TTM 1.54b - Cost of Revenue TTM 1.48b) / Revenue TTM)
Gross Margin QoQ = -5.41% (prev 4.12%)
Tobins Q-Ratio = 0.73 (Enterprise Value 855.0m / Total Assets 1.17b)
Interest Expense / Debt = -3.40% (Interest Expense -15.1m / Debt 442.9m)
Taxrate = 25.26% (71.5m / 283.2m)
NOPAT = 220.1m (EBIT 294.4m * (1 - 25.26%))
Current Ratio = 1.39 (Total Current Assets 419.1m / Total Current Liabilities 302.4m)
Debt / Equity = 1.21 (Debt 442.9m / totalStockholderEquity, last quarter 367.4m)
Debt / EBITDA = 1.18 (Net Debt 410.9m / EBITDA 348.4m)
Debt / FCF = -31.50 (negative FCF - burning cash) (Net Debt 410.9m / FCF TTM -13.0m)
Total Stockholder Equity = 393.8m (last 4 quarters mean from totalStockholderEquity)
RoA = 16.38% (Net Income 211.5m / Total Assets 1.17b)
RoE = 53.71% (Net Income TTM 211.5m / Total Stockholder Equity 393.8m)
RoCE = 36.06% (EBIT 294.4m / Capital Employed (Equity 393.8m + L.T.Debt 422.7m))
RoIC = 26.56% (NOPAT 220.1m / Invested Capital 828.4m)
WACC = 3.78% (E(444.1m)/V(886.9m) * Re(10.08%) + D(442.9m)/V(886.9m) * Rd(-3.40%) * (1-Tc(0.25)))
Discount Rate = 10.08% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -6.91%
Fair Price DCF = unknown (Cash Flow -13.0m)
EPS Correlation: -72.14 | EPS CAGR: -55.12% | SUE: -0.90 | # QB: 0
Revenue Correlation: -86.09 | Revenue CAGR: -13.21% | SUE: -0.12 | # QB: 0
EPS next Quarter (2026-03-31): EPS=-0.09 | Chg30d=+0.000 | Revisions Net=+0 | Analysts=1
EPS current Year (2026-12-31): EPS=0.37 | Chg30d=-0.100 | Revisions Net=-1 | Growth EPS=+117.1% | Growth Revenue=+14.3%