WNC Stock Analysis: Wabash National | NYSE
Farm & Heavy Construction Machinery | NYSE, USA | Market Cap: 559m USD | 12M Return: 59.3% | US9295661071 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 10.5M
Qual. Beats: 0
Rev. Trend: -99.5%
Qual. Beats: 0
Warnings
Tailwinds
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Wabash National Corporation is a U.S.-based manufacturer of engineered solutions serving the transportation, logistics, and infrastructure industries. The company operates through two segments: Transportation Solutions, which produces a wide range of trailers (dry van, platform, refrigerated, and tank trailers) and truck bodies, and Parts & Services, which provides aftermarket parts, repair, maintenance, and a digital marketplace for the transportation and logistics distribution industry. Its products are sold under multiple brands, including Wabash, DuraPlate, and EcoNex, and its customer base spans commercial freight as well as dairy, food and beverage, pharmaceutical, chemical, and biotech end markets. Founded in 1985 and headquartered in Lafayette, Indiana, the company has been publicly traded since its 1991 IPO.
The company operates within the Industrials sector, specifically the Construction Machinery & Heavy Transportation Equipment sub-industry, and is classified as a small-cap stock with a market capitalization of approximately $559 million USD. As a manufacturer of commercial trailers and truck bodies, its business model is tied to freight cycles, fleet replacement demand, and the broader health of U.S. logistics and supply chain activity.
- Freight cycle weakness pressures Transportation Solutions trailer volumes
- Steel and aluminum costs squeeze manufacturing margins
- Parts and Services segment expands recurring aftermarket revenue
| Net Income: -77.9m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.01 > 0.02 and ΔFCF/TA -5.42 > 1.0 |
| NWC/Revenue: 8.26% < 20% (prev 14.62%; Δ -6.36% < -1%) |
| CFO/TA -0.00 > 3% & CFO -745k > Net Income -77.9m |
| Net Debt/EBITDA: error (EBITDA <= 0) |
| Current Ratio: 1.31 > 1.5 & < 3 |
| Outstanding Shares: last quarter (40.8m) vs 12m ago -3.84% < -2% |
| Gross Margin: 0.22% > 18% (prev 9.26%; Δ -9.05% > 0.5%) |
| Asset Turnover: 108.9% > 50% (prev 125.0%; Δ -16.16% > 0%) |
| Interest Coverage Ratio: -1.48 > 6 (EBIT TTM -79.7m / Interest Expense TTM 54.0m) |
| A: 0.09 (Total Current Assets 491.8m - Total Current Liabilities 374.1m) / Total Assets 1.24b |
| B: 0.18 (Retained Earnings 228.9m / Total Assets 1.24b) |
| C: -0.06 (EBIT TTM -79.7m / Avg Total Assets 1.31b) |
| D: 0.31 (Book Value of Equity 292.5m / Total Liabilities 944.9m) |
| Altman-Z'' = 1.14 = BB |
| DSRI: 0.98 (Receivables 171.8m/211.8m, Revenue 1.42b/1.72b) |
| GMI: 42.84 (GM 9.26% / 0.22%) |
| AQI: 1.21 (AQ_t 0.37 / AQ_t-1 0.31) |
| SGI: 0.83 (Revenue 1.42b / 1.72b) |
| TATA: -0.06 (NI -77.9m - CFO -745k) / TA 1.24b) |
| Beneish M = 34.86 (Cap -4..+1) = D |
As of October 13, 2026, the stock is trading at USD 13.17 with a total of 770,100 shares traded. Over the past week, the price has changed by -5.31%, over one month by +6.75%, over three months by +1.67% and over the past year by +59.26%.
Current recommended Stop Loss: 12.20 (which is 7.4% or 1.4 ATR below the current price).
Wabash National has received a consensus analysts rating of 4.50. Therefore, it is recommended to buy WNC.
- StrongBuy: 1
- Buy: 1
- Hold: 0
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 22.5 | 70.8% |
P/E Forward = 8.5616
P/S = 0.3923
P/B = 1.6381
P/EG = 0.725
Revenue TTM = 1.42b USD
EBIT TTM = -79.7m USD
EBITDA TTM = -21.4m USD
Long Term Debt = 513.2m USD (from longTermDebt, last quarter)
Short Term Debt = 10.0m USD (from shortTermDebt, two quarters ago)
Debt = 522.9m USD (from shortLongTermDebtTotal, last quarter) + Leases 9.71m
Net Debt = 451.4m USD (calculated: Debt 522.9m - CCE 71.5m)
Enterprise Value = 1.01b USD (558.5m + Debt 522.9m - CCE 71.5m)
Interest Coverage Ratio = -1.48 (Ebit TTM -79.7m / Interest Expense TTM 54.0m)
EV/FCF = -63.04x (Enterprise Value 1.01b / FCF TTM -16.0m)
FCF Yield = -1.59% (FCF TTM -16.0m / Enterprise Value 1.01b)
FCF Margin = -1.13% (FCF TTM -16.0m / Revenue TTM 1.42b)
Net Margin = -5.47% (Net Income TTM -77.9m / Revenue TTM 1.42b)
Gross Margin = 0.22% ((Revenue TTM 1.42b - Cost of Revenue TTM 1.42b) / Revenue TTM)
Gross Margin QoQ = 3.67% (prev -3.49%)
Tobins Q-Ratio = 0.82 (Enterprise Value 1.01b / Total Assets 1.24b)
Interest Expense / Debt = 10.32% (Interest Expense 54.0m / Debt 522.9m)
Taxrate = 25.26% (71.5m / 283.2m)
NOPAT = -59.6m (EBIT -79.7m * (1 - 25.26%)) [loss with tax shield]
Current Ratio = 1.31 (Total Current Assets 491.8m / Total Current Liabilities 374.1m)
Debt / Equity = 1.79 (Debt 522.9m / totalStockholderEquity, last quarter 292.5m)
Debt / EBITDA = -21.06 (negative EBITDA) (Net Debt 451.4m / EBITDA -21.4m)
Debt / FCF = -28.18 (negative FCF - burning cash) (Net Debt 451.4m / FCF TTM -16.0m)
Total Stockholder Equity = 349.8m (last 4 quarters mean from totalStockholderEquity)
RoA = -5.96% (Net Income -77.9m / Total Assets 1.24b)
RoE = -22.27% (Net Income TTM -77.9m / Total Stockholder Equity 349.8m)
RoCE = -9.24% (EBIT -79.7m / Capital Employed (Equity 349.8m + L.T.Debt 513.2m))
RoIC = -7.51% (negative operating profit) (NOPAT -59.6m / Invested Capital 793.5m)
WACC = 8.94% (E(558.5m)/V(1.08b) * Re(10.08%) + D(522.9m)/V(1.08b) * Rd(10.32%) * (1-Tc(0.25)))
Discount Rate = 10.08% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -97.08 | Cagr: -5.39%
[DCF] Fair Price = unknown (Cash Flow -16.0m)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.20 | # QB: 0
Revenue Correlation: -99.52 | Revenue CAGR: -21.31% | SUE: 0.68 | # QB: 0
EPS current Quarter (2026-09-30): EPS=-0.46 | Chg30d=+0.00% | Revisions=-25% | Analysts=2
EPS current Year (2026-12-31): EPS=-2.20 | Chg30d=+0.00% | Revisions=-25% | GrowthEPS=-2.3% | GrowthRev=+4.3%
EPS next Year (2027-12-31): EPS=1.23 | Chg30d=+0.00% | Revisions=-25% | GrowthEPS=+155.7% | GrowthRev=+28.3%
[Analyst] Revisions Ratio: -50% (up=0, down=3)