RDW
Redwire Corporation
RDW has the edge over WNC overall, supported by stronger fundamentals and stronger modeled upside.
WNC
Wabash National Corporation
WNC has lower modeled downside risk, despite its lower overall score.
RDW Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Under pressure | |
| Under pressure | |
| Unavailable |
RDW's revenue is currently healthy, but its profitability and cash flow are under pressure. There isn't enough data to rate its balance sheet.
WNC Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Weak | |
| Weak | |
| Healthy |
WNC's balance sheet is currently healthy, and its revenue is stable, but its profitability and cash flow are weak.
RDW PE Valuation
RDW has no meaningful PE right now: it lost money over the past year.
WNC PE Valuation
WNC has no meaningful PE right now: it lost money over the past year.
RDW Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect RDW's losses to shrink, with revenue growing.
WNC Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect WNC's losses to shrink, with revenue growing.
RDW Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$1.17 | +$2.01 |
| Q2 2026 | -$1.37 | +$1.89 |
| Q1 2026 | -$2.59 | -$0.32 |
| Q4 2025 | -$2.28 | +$0.07 |
| Q3 2025 | -$3.18 | -$1.97 |
| Q2 2025 | -$3.26 | -$2.28 |
| Q1 2025 | -$2.27 | -$1.55 |
| Q4 2024 | -$2.35 | -$1.62 |
RDW is still losing money, but far less than before: $1.17 per share over the past year, against $3.26 at its worst in mid-2025.
WNC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$3.41 | -156% |
| Q2 2026 | -$1.93 | +$0.49 |
| Q1 2026 | -$1.60 | -$0.05 |
| Q4 2025 | $4.87 | +$11.39 |
| Q3 2025 | $6.08 | +$11.51 |
| Q2 2025 | -$2.42 | -174% |
| Q1 2025 | -$1.55 | -137% |
| Q4 2024 | -$6.52 | -236% |
WNC has swung to a loss: it lost $3.41 per share over the past year, after a profit the year before.
RDW Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $109M | +5.4% |
| Q2 2026 | $117.1M | +90% |
| Q1 2026 | $97M | +58% |
| Q4 2025 | $108.8M | +56% |
| Q3 2025 | $103.4M | +51% |
| Q2 2025 | $61.8M | -21% |
| Q1 2025 | $61.4M | -30% |
| Q4 2024 | $69.6M | +9.6% |
RDW has the edge over WNC on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -24% | +16 points |
| Q2 2026 | -19% | +130 points |
| Q1 2026 | -72% | -49 points |
| Q4 2025 | -75% | -48 points |
| Q3 2025 | -40% | -22 points |
| Q2 2025 | -149% | -140 points |
| Q1 2025 | -23% | -19 points |
| Q4 2024 | -27% | -17 points |
RDW's operating margin was −24% last quarter, up 16 points from the same quarter a year ago.
WNC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $476.4M | +25% |
| Q2 2026 | $417.2M | -9.1% |
| Q1 2026 | $303.2M | -20% |
| Q4 2025 | $321.5M | -23% |
| Q3 2025 | $381.6M | -18% |
| Q2 2025 | $458.8M | -17% |
| Q1 2025 | $380.9M | -26% |
| Q4 2024 | $416.8M | -30% |
WNC's revenue is recovering but still below its 2023 peak: $476M last quarter, up 25% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -4.2% | -19 points |
| Q2 2026 | -6.1% | -5 points |
| Q1 2026 | -17% | -100 points |
| Q4 2025 | -19% | -20 points |
| Q3 2025 | 15% | +108 points |
| Q2 2025 | -1% | -9 points |
| Q1 2025 | 83% | +77 points |
| Q4 2024 | 0.9% | -9.4 points |
WNC has the edge over RDW on profitability, with a higher operating margin.
RDW Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$65.3M | -$38.5M |
| Q2 2026 | -$33.5M | +$57.2M |
| Q1 2026 | -$11.4M | +$35.5M |
| Q4 2025 | -$26.5M | -659% |
| Q3 2025 | -$26.9M | -$7.6M |
| Q2 2025 | -$90.6M | -$80.2M |
| Q1 2025 | -$46.9M | -3996% |
| Q4 2024 | $4.7M | -65% |
RDW has burned cash in most quarters: −$137M over the past year, against −$160M the year before.
WNC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$40.8M | -151% |
| Q2 2026 | $3.1M | +$25.1M |
| Q1 2026 | -$37.1M | -$28.1M |
| Q4 2025 | -$61.9M | -204% |
| Q3 2025 | $79.9M | +183% |
| Q2 2025 | -$22.1M | -$16M |
| Q1 2025 | -$9M | +$27.6M |
| Q4 2024 | $59.5M | -42% |
WNC has the edge over RDW on cash flow, with more consistent year-over-year improvement.
RDW Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +13% | +29.6M shares |
| 1 year | +179% | +160M shares |
| 3 years | +289% | +186M shares |
| 5 years | +319% | +190M shares |
RDW has 250M diluted shares, up 179% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2020 | — |
| Q2 2020 | — |
| Q1 2020 | — |
WNC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.2% | +74K shares |
| 1 year | -0.4% | -179K shares |
| 3 years | -14% | -6.8M shares |
| 5 years | -19% | -9.6M shares |
| Available history | -26% | -14.3M shares |
WNC has the edge over RDW on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | $666,000 |
| Q3 2025 | $6.2M |
| Q2 2025 | $10.4M |
| Q1 2025 | $16.5M |
| Q4 2024 | $8.6M |
WNC spent $666,000 buying back its own shares over the past year, down 98% from the year before.
RDW Net Leverage
RDW's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
WNC Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q4 2025 | 1.1x | Healthy |
| Q3 2025 | 0.8x | Very low |
| Q2 2024 | 1.2x | Healthy |
| Q1 2024 | 0.9x | Very low |
| Q4 2023 | 0.6x | Very low |
| Q3 2023 | 0.8x | Very low |
| Q2 2023 | 0.9x | Very low |
| Q1 2023 | 1.3x | Healthy |
WNC's net debt is about 1.1 years of its operating earnings (EBITDA), up from less than a year a year ago.
RDW Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 42.3 | Neutral |
| Stochastic | 16.1 | Oversold |
RDW's weekly RSI is 42 (neutral) and its Stochastic is 16 (oversold).
WNC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 49.4 | Neutral |
| Stochastic | 11.3 | Oversold |
WNC's weekly RSI is 49 (neutral) and its Stochastic is 11 (oversold).
RDW PE vs Industrials Sector
RDW has no meaningful PE right now: it lost money over the past year.
WNC PE vs Industrials Sector
| Metric | WNC | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 24x | — |
WNC has no meaningful PE right now: it lost money over the past year.
RDW Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $9.06 | 11% below |
| 20 week MA | $10.1 | 20% below |
| 50 week MA | $10.6 | 24% below |
| 100 week MA | $11.6 | 31% below |
| 200 week MA | $8.07 | 0.5% below |
RDW is in a downtrend: it's below all five of its weekly moving averages, and 0.5% below its 200-week average.
WNC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $12.5 | 6.2% below |
| 20 week MA | $12.8 | 8.2% below |
| 50 week MA | $10.7 | 9% above |
| 100 week MA | $10.9 | 7.7% above |
| 200 week MA | $17.0 | 31% below |
WNC has the edge over RDW on trend strength, trading above more of its moving averages.
RDW Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $10.2 | $7.34 | -28% |
| 2022 | $7.34 | $1.92 | -74% |
| 2023 | $1.92 | $2.85 | +48% |
| 2024 | $2.85 | $17.1 | +501% |
| 2025 | $17.1 | $7.15 | -58% |
| 2026 YTD | $7.15 | $8.03 | +12% |
RDW's yearly returns have swung widely, from +501% in 2024 to −74% in 2022. It's up 12% so far in 2026.
WNC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $14.4 | $17.4 | +20% |
| 2021 | $17.4 | $19.7 | +13% |
| 2022 | $19.7 | $23.3 | +18% |
| 2023 | $23.3 | $25.6 | +10% |
| 2024 | $25.6 | $17.3 | -32% |
| 2025 | $17.3 | $8.88 | -49% |
| 2026 YTD | $8.88 | $11.7 | +32% |
WNC has the edge over RDW on returns for 2026, with the stronger performance.