WABASH NATIONAL Corp (New York Stock Exchange:WNC)
Insiders here have filed 2 Form 4s in the last 90 days, but all of them are share awards, grants or other non-market transactions. Those are compensation, not a decision to buy, so they are not scored.
Loses money on what it sells.
- Revenue
- $1.52B
- Net income
- -$138.7M
- Net margin
- -9.1%
Heavily indebted for what it earns.
- Total debt
- $540.3M
- Cash
- $69.3M
- Debt / equity
- 1.99
Covers near-term obligations, without much room.
- Current assets
- $503.0M
- Current liabilities
- $365.5M
- Current ratio
- 1.38
Roughly cash-neutral.
- Operating cash flow
- -$123.3M
- Free cash flow
- -$127.8M
- FCF margin
- -8.4%
Burning cash with under a year of runway — expect a raise.
- Shares outstanding
- 41.0M
- Share growth (1y)
- -1.9%
- Cash runway
- 7 months
Five pillars — profitability, leverage, liquidity, cash generation, dilution & runway — each scored 0–20 from the company’s own income statement, balance sheet and cash-flow statement, then scaled to 100. A pillar the statements cannot answer is left out rather than guessed; fewer than three and no score is shown.
WNC Income Statement
| Fiscal Period | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 |
|---|---|---|---|---|---|---|
| Period Ending | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 |
| Revenue | 476.41 M | 417.24 M | 303.23 M | 321.45 M | 381.60 M | 458.82 M |
| Revenue Growth (YoY) | 24.85 % | -9.06 % | -20.39 % | -22.88 % | -17.77 % | -16.67 % |
| Cost of Revenue | 461.53 M | 401.91 M | 313.80 M | 338.84 M | 365.89 M | 417.42 M |
| Gross Profit | 14.88 M | 15.33 M | -10.57 M | -17.38 M | 15.71 M | 41.40 M |
| SG&A Expense | 39.22 M | 38.70 M | 39.81 M | 37.56 M | -44.93 M | 43.35 M |
| R&D Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 39.22 M | 40.62 M | 41.78 M | 29.00 M | -41.94 M | 46.15 M |
| Operating Income | -27.01 M | -25.30 M | -52.36 M | -46.39 M | 57.65 M | -4.75 M |
| Pretax Income | -26.60 M | -31.47 M | -58.26 M | -65.51 M | 51.67 M | -12.29 M |
| Tax Provision | -6.24 M | -8.86 M | -13.02 M | -15.51 M | 11.63 M | -2.69 M |
| Net Income | -20.75 M | -22.89 M | -45.17 M | -49.88 M | 40.04 M | -9.60 M |
| EPS (Basic) | -0.51 | -0.56 | -1.11 | -1.23 | 0.98 | -0.23 |
| EPS (Diluted) | -0.51 | -0.56 | -1.11 | -1.23 | 0.97 | -0.23 |
| Shares Outstanding | 40.99 M | 40.83 M | 40.74 M | 40.67 M | 41.80 M | 42.23 M |
Quarterly figures; YoY compares the same fiscal quarter a year earlier. Source: public market data.