Wabash National Corp (WNC) financials
Wabash National revenue and earnings by year
Wabash National's revenue was $1.54 billion in the fiscal year to December 31, 2025, down 20.8% from the year before. Net income was $211 million, 13.7% of revenue. Since the fiscal year to December 31, 2016, revenue has shrunk 2.0% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1.54 | 1.95 | 2.54 | 2.50 | 1.80 | 1.48 | 2.32 | 2.27 | 1.77 | 1.85 |
| Revenue growth | -20.8% | -23.3% | 1.4% | 38.8% | 21.7% | -36.1% | 2.3% | 28.3% | -4.2% | — |
| Gross profit | 0.07 | 0.27 | 0.50 | 0.32 | 0.20 | 0.16 | 0.31 | 0.28 | 0.26 | 0.33 |
| Gross margin | 4.5% | 13.6% | 19.6% | 12.9% | 10.9% | 10.8% | 13.2% | 12.5% | 14.8% | 17.6% |
| Operating income | 0.31 | -0.36 | 0.31 | 0.17 | 0.03 | -0.09 | 0.14 | 0.11 | 0.13 | 0.20 |
| Operating margin | 19.9% | -18.3% | 12.3% | 6.7% | 1.9% | -5.8% | 6.2% | 4.9% | 7.4% | 11.0% |
| Net income | 0.21 | -0.28 | 0.23 | 0.11 | 0.00 | -0.10 | 0.09 | 0.07 | 0.11 | 0.12 |
| Net margin | 13.7% | -14.6% | 9.1% | 4.5% | 0.1% | -6.6% | 3.9% | 3.1% | 6.3% | 6.5% |
| Diluted EPS | $4.87 | -$6.52 | $4.81 | $2.27 | $0.01 | -$1.84 | $1.63 | $1.18 | $1.78 | $1.82 |
| Free cash flow | -0.06 | 0.04 | 0.22 | 0.07 | -0.06 | 0.10 | 0.11 | 0.08 | 0.13 | 0.16 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open WNC in Markets.
How Wabash National makes money
Revenue by segment in the quarter to September 30, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Transportation Solutions | $408M | 85.5% |
| Parts Service | $69.4M | 14.5% |
See also: WNC valuation and P/E history · WNC returns
No forecast, no recommendation. This page describes Wabash National Corp from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.