WNC
Wabash National Corporation
WNC lost money over the past year, so it has no meaningful PE right now. Analysts expect losses to shrink.
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.
WNC PE Valuation
WNC has no meaningful PE right now: it lost money over the past year.
WNC Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect WNC's losses to shrink, with revenue growing.
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.
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's operating margin was −4.2% last quarter, down 19 points from the same quarter a year ago.
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's free cash flow was −$137M over the past year, against $108M the year before.
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 41M diluted shares, about the same as a year ago.
| 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.
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.
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).
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.
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's trend is mixed: it's above two of its five weekly moving averages, and 31% below its 200-week average.
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 finished higher in four of the last six years. It's up 32% so far in 2026.