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WNC Financials Wabash National Corp

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has grown 0.8% per year over the past 5 years.
  • Operating margin has expanded, at 19.9% in the latest year.

Financial health

  • Total debt ($445M) exceeds cash ($32M); net debt is $413M.
  • Total debt has grown in line with revenue (-0.4% vs 0.8% per year).
  • Operating income covered interest expense 14× in the latest year.
  • Total debt is 1.2× EBITDA.

Shareholder returns

  • Dividends have been paid for 9 consecutive years, consuming 6.5% of earnings.
  • The dividend has declined 4.5% per year over the past 5 years.
Revenue & net income
-$284M $1B $3B $0 2011 2013 2015 2017 2019 2021 2023 2025
RevenueNet income
Margins (gross / operating / net)
-18% 1% 20% 0% 2011 2013 2015 2017 2019 2021 2023 2025
GrossOperatingNet
Free cash flow (CFO − capex)
-$57M $82M $222M $0 2011 2013 2015 2017 2019 2021 2023 2025
Free cash flow
Cash vs total debt
$0 $279M $557M 2011 2013 2015 2017 2019 2021 2023 2025
CashTotal debt
Cash flow: operating / investing / financing
-$381M -$7M $366M $0 2011 2013 2015 2017 2019 2021 2023 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MFCFTotal debtCash
2025 $1.5B $211M 4.5% 19.9% -$13M $445M $32M
2024 $1.9B -$284M 13.6% -18.3% $45M $400M $115M
2023 $2.5B $231M 19.6% 12.3% $222M $400M $179M
2022 $2.5B $112M 12.9% 6.7% $67M $400M $58M
2021 $1.8B $1M 10.9% 1.9% -$57M $433M $72M
2020 $1.5B -$97M 10.8% -5.8% $104M $454M $218M
2019 $2.3B $90M 13.2% 6.2% $109M $460M $141M
2018 $2.3B $69M 12.5% 4.9% $78M $511M $133M
2017 $1.8B $111M 14.8% 7.4% $118M $557M $192M
2016 $1.8B $119M 17.6% 11.0% $158M $239M $163M
2015 — $104M — — $111M $312M $179M
2014 — $61M — — — $325M $146M
2013 — $47M — — $110M $359M $113M
2012 — $106M — — $61M $417M $81M
2011 — $15M — — -$8M $65M $20M

Valuation over time

How the market has priced WNC against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

Price / earnings (P/E)
0.0 4.6 9.3 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/E
Price / sales (P/S)
0.0 0.2 0.5 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/S
Dividend yield (%)
0.0 2.6 5.2 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
Dividend yield %

Frequently asked questions

Is WNC growing its revenue and profit?

Over the past 5 years, Wabash National Corp's revenue has grown 0.8% per year. These are computed facts, not advice.

How much debt does WNC have?

As of FY2025, Wabash National Corp reported $445M of total debt against $32M of cash; operating income covered interest expense 14×.

What is WNC's profit margin?

In FY2025, gross margin was 4.5%, operating margin 19.9%, and net margin 13.7%.

What is WNC's P/E ratio?

As of Jun '26, Wabash National Corp traded at a price-to-earnings ratio of about 2.7× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.