Wabash National Corporation

Wabash National Corporation

WNCยทNYSE

$7.91

+1.5%
IndustrialsAgricultural - Machinery

Wabash National Corporation designs, manufactures, and distributes engineered solutions for the transportation, logistics, and distribution industries primarily in the United States. The company operates through two segments, Transportation Solutions and Parts & Services. The Transportation Solutions segment provides dry van and platform trailers; refrigerated trailers; converter dollies; van bodies for dry-freight transportation; cutaway van bodies for commercial applications; service bodies; insulated van bodies; stake bodies; refrigerated truck bodies; and used trailers, as well as laminated hardwood oak flooring products. This segment also offers stainless steel and aluminum tank trailers for the dairy, food and beverage, oil, gas, and chemical end markets; dry bulk trailers; and fiberglass reinforced poly tank trailers. The Parts & Services segment provides aftermarket parts and services; aluminum and steel flatbed bodies, shelving for package delivery, partitions, roof racks, hitches, liftgates, and thermal solutions; and door repair and replacement, collision repair, and basic maintenance services. This segment also offers stainless steel storage tanks and silos, mixers, and processors for the dairy, food and beverage, pharmaceutical, chemical, craft brewing, and biotech end markets; and composite products, including truck bodies, overhead doors, and other industrial application products. The company offers its products under the Wabash, DuraPlate, DuraPlateHD, DuraPlate AeroSkirt, and AeroSkirt CX brands, as well as EcoNex brand. It distributes its products directly, as well as through its retail operations and independent dealers to truckload common carriers, leasing companies, private fleet carriers, less-than-truckload common carriers, and package carriers. The company was founded in 1985 and is headquartered in Lafayette, Indiana.

At a Glance

Live Snapshot
Market Cap$321.73M
EPS5.0900
P/E Ratio1.55
Earnings Date07/29/2026
3Y-91.0%
5Y-91.0%
10Y-93.0%
3Y+68.0%
5Y+2973.0%
10Y+435.0%
3Y-97.0%
5Y-94.0%
10Y-99.0%
WNC

Wabash National Corporation Cash Conversion Engine

WNC ยท NYSE
Net Income211.64M
Depreciation & Amortization58.73M
Stock-Based Compensation11.48M
Change in Working Capital-377.46M
Others21.45M
Capital Expenditures-24.71M
Free Cash Flow-13.04M

Cash Flow Quality Analysis

FCF Conversion Rate

-6.2%

Negative free cash flow despite positive earnings raises concerns about cash generation ability or heavy capital requirements.

CapEx Intensity

211.8%

Very high capital intensity consumes most operating cash flow. Limited flexibility for dividends or debt reduction.

FCF Growth Trend

-128.9%

Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.

Working Capital Impact

-$377.46M

Significant working capital drain. Growth may be consuming cash through inventory buildup or receivables extensionโ€”monitor closely.

Cash Flow Quality Insight

Cash flow concerns: Despite profitability, the company is burning cash. Review working capital management, CapEx levels, and sustainability of current operations.

Wabash National Corporation Cash Flow Statement

WNC โ€ข NYSE

Wabash National Corporation Cash Flow StatementDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009Dec 2008Dec 2007Dec 2006
OPERATING ACTIVITIES
211.6M
-284.1M
231.3M
112.8M
1.2M
-97.4M
89.6M
69.4M
111.4M
119.4M
104.3M
60.9M
46.5M
105.6M
15M
-141.8M
-101.8M
-124.7M
16.3M
9.4M
58.7M
57M
45.3M
47M
48.8M
48M
42.4M
40.7M
35.1M
36.8M
38M
38.8M
38.3M
25.6M
15.6M
16.9M
19.6M
21.5M
19.5M
20.6M
85.8M
-111.7M
-13.5M
-7.6M
-8.1M
5M
2.7M
-2M
-14.8M
2.4M
-7.7M
16.6M
30.1M
-55.3M
-14.4M
0.0
248K
17.3M
8.2M
7.7M
11.5M
0.0
11.8M
9.7M
7.1M
4.5M
9M
10.2M
10.4M
12M
10M
7.8M
7.5M
5.1M
3.4M
3.5M
3.4M
5M
-33K
-352K
21.5M
19.9M
824K
374K
38.2M
102.7M
2.3M
15.2M
-13.5M
7.1M
5.2M
7.6M
9.5M
129K
15M
121.6M
33.4M
66.8M
606K
18.6M
(0.0)
(0.0)
(0.0)
(18.3M)
(467K)
(0.0)
(20.4M)
(24.2M)
(41.4M)
(68.9M)
(66.3M)
(20.2M)
(941K)
(594K)
(73K)
(3.1M)
(865K)
(4K)
(890K)
(0.0)
-377.5M
436.2M
43.9M
-38.2M
-94.5M
61.4M
394K
-21.1M
15.8M
1M
-17.9M
-39.1M
-3.2M
-5.2M
-35.9M
-30.9M
38.1M
44.8M
14.8M
-4.2M
11.7M
117.3M
319.6M
124.1M
-7.5M
124.1M
146.3M
112.5M
144.4M
178.8M
131.8M
92.6M
128.7M
76M
-1.2M
-30.7M
-7M
30.7M
59.3M
51.8M
INVESTING ACTIVITIES
(0.0)
-79.1M
-98.1M
-57.1M
-49.1M
-20.1M
-37.6M
-34M
-26.1M
-20.3M
-20.8M
-20M
-18.4M
-14.9M
-7.3M
-1.8M
-981K
-12.6M
-6.7M
-12.9M
-1.7M
(4.4M)
-2.5M
(1.8K)
(22M)
(0.0)
(785K)
(17.8M)
-323.5M
(19K)
(0.0)
-16M
-16M
-364M
(0.0)
(0.0)
(0.0)
(0.0)
-4.5M
-69.3M
(0.0)
-20.1M
-2.5M
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
-91M
0.0
-3M
1.8M
0.0
17.1M
0.0
20.8M
17.3M
3M
13.2M
20.2M
2.8M
-1.9M
17K
1.8M
300K
213K
147K
7.1M
-92.7M
-94.8M
-106M
-55.3M
-27.1M
-3M
-36.9M
-13.2M
-332.2M
-17.3M
-7.6M
-15.8M
-31.5M
-380.8M
-7.2M
(31K)
-681K
-12.4M
-11.1M
-75.1M
FINANCING ACTIVITIES
-33.8M
-70.9M
-76.2M
-34.3M
-66.7M
-18.9M
-33.7M
-58.4M
-74.5M
-79.6M
-61.8M
-1.5M
-35K
-564K
-688K
71.6M
0.0
0.0
-11.7M
-8.4M
45M
-5K
-117K
-33.1M
-21.1M
-8.2M
-50.8M
-82.5M
306.7M
-102.1M
-29.1M
-44.5M
-64.9M
371.6M
9.3M
26.2M
-51.9M
-24.3M
-19.9M
-500K
-13.8M
-14.8M
-15.9M
-16M
-16.4M
-17.3M
-17.8M
-17.8M
-15.3M
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
-5.5M
-5.5M
-5.7M
-33.8M
-70.9M
-76.2M
-34.3M
-66.7M
-18.9M
-33.7M
-58.4M
-74.5M
-79.6M
-61.8M
-1.5M
-35K
-564K
-533K
(0.0)
-2.6M
(0.0)
-11.7M
-9.2M
0.0
-603K
-357K
1.1M
-7.1M
482K
684K
485K
-993K
4.8M
-575K
1.9M
-381K
-4.8M
-1.5M
768K
-1.4M
-7.1M
107K
352K
-2.5M
-86.3M
-92.5M
-82.3M
-111.4M
-44M
-101.6M
-158.1M
215.9M
-176.8M
-91.4M
-44M
-65.3M
366.3M
7.2M
50.8M
-21M
-29.7M
-36.9M
-14.2M
CASH FLOW SUMMARY
-83.6M
-63.8M
121M
-13.5M
-145.9M
77.2M
7.8M
-58.8M
28.1M
-15.4M
32.7M
32.9M
31.8M
61.5M
-1.2M
20.1M
-28.7M
-11.5M
11.3M
-37.6M
115.5M
179.3M
58.2M
71.8M
217.7M
140.5M
132.7M
191.5M
163.5M
178.9M
146.1M
113.3M
81.4M
20M
21.2M
1.1M
29.8M
41.2M
29.9M
67.4M
31.9M
115.5M
179.3M
58.2M
71.8M
217.7M
140.5M
132.7M
191.5M
163.5M
178.9M
146.1M
113.3M
81.4M
20M
21.2M
1.1M
29.8M
41.2M
29.9M
-13M
45.1M
221.5M
67M
-56.6M
104M
108.6M
78.5M
118.3M
158.4M
110.9M
72.7M
110.3M
61.1M
-8.4M
-32.5M
-8M
18.1M
52.6M
38.8M

SEC Filings

WNC - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
8-K

8-K 2026

N/A

May 14, 2026
May 13, 2026
2026
10-Q

10-Q 2026 Q1

Q1

May 01, 2026
March 31, 2026
2026
8-K

8-K 2026

N/A

May 01, 2026
May 01, 2026
2026
8-K

8-K 2026

N/A

April 09, 2026
April 08, 2026
2026
DEF 14A

DEF 14A 2026

N/A

March 31, 2026
May 13, 2026
2026
10-K

10-K 2025 FY

FY

February 18, 2026
December 31, 2025
2025
8-K

8-K 2026

N/A

February 04, 2026
February 04, 2026
2026
8-K

8-K 2026

N/A

January 05, 2026
January 05, 2026
2026
10-Q

10-Q 2025 Q3

Q3

October 30, 2025
September 30, 2025
2025
8-K

8-K 2025

N/A

October 30, 2025
October 30, 2025
2025
Showing 1 to 10 of 556 filings