WNC Stock Analysis: Wabash National | NYSE
Farm & Heavy Construction Machinery | NYSE, USA | Market Cap: 490m USD | 12M Return: 11.4% | US9295661071 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 11.8M
Qual. Beats: 0
Rev. Trend: -99.5%
Qual. Beats: 0
Warnings
Tailwinds
Seasonality 11.6 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 (NYSE: WNC) is a U.S.-based manufacturer of engineered solutions serving the transportation, logistics, and infrastructure industries. Founded in 1985 and headquartered in Lafayette, Indiana, the company operates through two reportable segments: Transportation Solutions, which produces dry van, platform, refrigerated, and tank trailers along with a range of truck bodies, and Parts & Services, which provides aftermarket components, repair, maintenance, and complementary offerings such as stainless steel tanks, silos, and mixers for dairy, food and beverage, pharmaceutical, chemical, and biotech end markets. The company sells under multiple brands including Wabash, DuraPlate, AeroSkirt, and EcoNex, and is also developing a digital marketplace for the transportation and logistics distribution industry.
The company sits within the heavy transportation equipment sub-industry, a capital goods segment whose demand is closely tied to freight volumes, truck tonnage, and the capital spending cycles of fleet operators. Its Parts & Services business is intended to provide a more recurring revenue stream that is less cyclical than new trailer sales, while its truck body offerings position the company in the last-mile delivery and parcel logistics supply chain associated with e-commerce growth.
- Trailer demand softens as freight tonnage and rates decline
- Parts & Services margins expand with aftermarket mix
- Last-mile delivery truck bodies grow with e-commerce demand
| 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: -1.23 > 6 (EBIT TTM -66.4m / 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: -0.05 (EBIT TTM -66.4m / Avg Total Assets 1.31b) |
| D: 0.31 (Book Value of Equity 292.5m / Total Liabilities 944.9m) |
| Altman-Z'' = 1.21 = 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 August 25, 2026, the stock is trading at USD 12.05 with a total of 637,238 shares traded. Over the past week, the price has changed by -5.34%, over one month by -9.67%, over three months by +50.79% and over the past year by +11.41%.
Current recommended Stop Loss: 11.10 (which is 7.9% or 1.4 ATR below the current price).
Wabash National has received a consensus analysts rating of 4.00. Therefore, it is recommended to buy WNC.
- StrongBuy: 1
- Buy: 0
- Hold: 1
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 22.5 | 86.7% |
P/E Forward = 8.5616
P/S = 0.344
P/B = 1.6743
P/EG = 0.725
Revenue TTM = 1.42b USD
EBIT TTM = -66.4m USD
EBITDA TTM = -8.12m 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 = 941.1m USD (489.7m + Debt 522.9m - CCE 71.5m)
Interest Coverage Ratio = -1.23 (Ebit TTM -66.4m / Interest Expense TTM 54.0m)
EV/FCF = -58.74x (Enterprise Value 941.1m / FCF TTM -16.0m)
FCF Yield = -1.70% (FCF TTM -16.0m / Enterprise Value 941.1m)
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 = 0.76 (Enterprise Value 941.1m / Total Assets 1.24b)
Interest Expense / Debt = 10.32% (Interest Expense 54.0m / Debt 522.9m)
Taxrate = 25.26% (71.5m / 283.2m)
NOPAT = -49.6m (EBIT -66.4m * (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 = -55.57 (negative EBITDA) (Net Debt 451.4m / EBITDA -8.12m)
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 = -7.69% (EBIT -66.4m / Capital Employed (Equity 349.8m + L.T.Debt 513.2m))
RoIC = -6.25% (negative operating profit) (NOPAT -49.6m / Invested Capital 793.5m)
WACC = 8.75% (E(489.7m)/V(1.01b) * Re(9.86%) + D(522.9m)/V(1.01b) * Rd(10.32%) * (1-Tc(0.25)))
Discount Rate = 9.86% (= 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=-184.38% | Revisions=-25% | Analysts=2
EPS current Year (2026-12-31): EPS=-2.20 | Chg30d=-25.71% | Revisions=-25% | GrowthEPS=-2.3% | GrowthRev=+4.3%
EPS next Year (2027-12-31): EPS=1.23 | Chg30d=-21.97% | Revisions=-25% | GrowthEPS=+155.7% | GrowthRev=+28.3%
[Analyst] Revisions Ratio: -50% (up=0, down=3)