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Wabash National Corporation (WNC) Financial History

20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

INDUSTRIALS · FARM & HEAVY CONSTRUCTION MACHINERY · DATA UPDATED 2026-11-04

Wabash National Corporation (WNC) operates in the FARM & HEAVY CONSTRUCTION MACHINERY industry and is headquartered in Lafayette, United States with about 4,700 employees. Its market capitalization is roughly $465 million. In the fiscal year ended 2025-12-31, WNC reported $1.5B in revenue and $211M in net income.

Wabash National Corporation manufactures engineered solutions and services for transportation, logistics and infrastructure industry in the United States. The company operates in two segments, Transportation Solutions and Parts & Services.

Interactive charts & full statements → Open the WNC valuation workbench →

WNC Revenue & Earnings History — Annual Income Statement

Income statement	TTM → 2026-09-30	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Total Revenue	$1.5B	$1.5B	$1.9B	$2.5B	$2.5B	$1.8B	$1.5B	$2.3B	$2.3B	$1.8B	$1.8B	$2.0B	$1.9B	$1.6B	$1.5B	$1.2B	$640M	$338M	$836M	$1.1B	$1.3B
Gross Profit	$2M	$59M	$265M	$498M	$323M	$196M	$160M	$306M	$284M	$261M	$326M	$303M	$233M	$215M	$164M	$67M	$28M	($23M)	$21M	$92M	$104M
Gross Margin %	0.1%	3.8%	13.6%	19.6%	12.9%	10.9%	10.8%	13.2%	12.5%	14.8%	17.6%	15.0%	12.5%	13.2%	11.2%	5.6%	4.4%	-6.8%	2.6%	8.3%	8.0%
Operating Income (EBIT)	($143M)	$321M	($356M)	$312M	$167M	$34M	($86M)	$143M	$111M	$131M	$203M	$180M	$122M	$103M	$70M	$20M	($15M)	($66M)	($103M)	$26M	$23M
Operating Margin %	-9.4%	20.8%	-18.3%	12.3%	6.7%	1.9%	-5.8%	6.2%	4.9%	7.4%	11.0%	8.9%	6.6%	6.3%	4.8%	1.7%	-2.4%	-19.6%	-12.3%	2.4%	1.7%
Net Income	($139M)	$211M	($284M)	$231M	$112M	$1M	($97M)	$90M	$69M	$111M	$119M	$104M	$61M	$47M	$106M	$15M	($142M)	($102M)	($125M)	$16M	$9M
Net Margin %	-9.2%	13.7%	-14.6%	9.1%	4.5%	0.1%	-6.6%	3.9%	3.1%	6.3%	6.5%	5.1%	3.3%	2.8%	7.2%	1.3%	-22.1%	-30.1%	-14.9%	1.5%	0.7%
EBITDA	—	$363M	($300M)	$312M	$214M	$73M	($37M)	$185M	$165M	$174M	$238M	$221M	$159M	$142M	$96M	$35M	($121M)	($81M)	($83M)	$42M	$59M
Earnings Per Share (EPS)	$-3.41	$5.07	$-6.40	$4.81	$2.25	$0.02	$-1.84	$1.62	$1.19	$1.78	$1.82	$1.50	$0.86	$0.67	$1.54	$0.22	$-2.85	$-3.37	$-4.16	$0.54	$0.30
Shares Outstanding (M)	—	42M	44M	48M	50M	52M	53M	55M	58M	63M	66M	69M	71M	69M	69M	68M	50M	30M	30M	30M	31M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

WNC Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement	2026-09-30	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30
Total Revenue	$476M	$417M	$303M	$321M	$382M	$459M	$381M	$417M	$464M
Gross Profit	$15M	$15M	($11M)	($17M)	$16M	$41M	$19M	$43M	$56M
Gross Margin %	3.1%	3.7%	-3.5%	-5.4%	4.1%	9.0%	5.0%	10.3%	12.1%
Operating Income (EBIT)	($20M)	($25M)	($52M)	($46M)	$58M	($5M)	$315M	$4M	($433M)
Operating Margin %	-4.2%	-6.1%	-17.3%	-14.4%	15.1%	-1.0%	82.6%	0.9%	-93.3%
Net Income	($21M)	($23M)	($45M)	($50M)	$40M	($10M)	$231M	($1M)	($330M)
Net Margin %	-4.4%	-5.5%	-14.9%	-15.5%	10.5%	-2.1%	60.6%	-0.2%	-71.2%
EBITDA	—	($25M)	($37M)	($45M)	$72M	$7M	$315M	$4M	($419M)
Earnings Per Share (EPS)	$-0.51	$-0.56	$-1.11	$-1.23	$0.95	$-0.23	$5.36	$-0.02	$-7.53
Shares Outstanding (M)	—	41M	41M	41M	42M	42M	43M	44M	44M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

WNC Free Cash Flow History

Cash flow	TTM → 2026-09-30	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Cash from Operations (CFO)	($123M)	$12M	$117M	$320M	$124M	($7M)	$124M	$146M	$112M	$144M	$179M	$132M	$93M	$129M	$76M	($1M)	($30M)	($7M)	$31M	$59M	$52M
Capital Expenditures (CapEx)	$14M	$25M	$72M	$98M	$57M	$49M	$20M	$38M	$34M	$26M	$20M	$21M	$20M	$18M	$15M	$7M	$2M	$1M	$13M	$7M	$13M
Free Cash Flow (FCF)	($137M)	($13M)	$45M	$222M	$67M	($57M)	$104M	$109M	$78M	$118M	$158M	$111M	$73M	$110M	$61M	($8M)	($32M)	($8M)	$18M	$53M	$39M
FCF Margin %	-9.0%	-0.9%	2.3%	8.7%	2.7%	-3.1%	7.0%	4.7%	3.5%	6.7%	8.6%	5.5%	3.9%	6.7%	4.2%	-0.7%	-5.0%	-2.4%	2.2%	4.8%	3.0%
Dividends Paid	—	$14M	$15M	$16M	$16M	$16M	$17M	$18M	$18M	$15M	$15M	$15M	$15M	$0M	$0M	$849M	—	—	$6M	$6M	$6M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

WNC Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow	2026-09-30	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30
Cash from Operations (CFO)	($37M)	$5M	($34M)	($57M)	$85M	($16M)	$0M	$81M	$43M
Capital Expenditures (CapEx)	$4M	$2M	$3M	$5M	$5M	$6M	$9M	$21M	$15M
Free Cash Flow (FCF)	($41M)	$3M	($37M)	($62M)	$80M	($22M)	($9M)	$60M	$28M
FCF Margin %	-8.6%	0.7%	-12.2%	-19.3%	20.9%	-4.8%	-2.4%	14.3%	6.1%
Dividends Paid	—	$3M	$3M	$3M	$3M	$3M	$4M	$3M	$4M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

WNC Balance Sheet History

Balance sheet	2026-09-30	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Total Assets	$1.2B	$1.2B	$1.4B	$1.4B	$1.2B	$1.1B	$1.2B	$1.3B	$1.3B	$1.4B	$899M	$950M	$929M	$924M	$903M	$388M	$303M	$224M	$332M	$484M	$556M
Cash & Cash Equivalents	$69M	$32M	$115M	$179M	$58M	$72M	$218M	$141M	$133M	$192M	$163M	$179M	$146M	$113M	$81M	$20M	$21M	$1M	$30M	$41M	$30M
Total Liabilities	$962M	$803M	$1.2B	$813M	$805M	$802M	$775M	$784M	$831M	$845M	$426M	$510M	$538M	$601M	$634M	$242M	$174M	$170M	$179M	$204M	$279M
Total Debt (Short + Long-Term)	$549M	$443M	$409M	$406M	$402M	$432M	$452M	$460M	$505M	$551M	$237M	$315M	$328M	$372M	$423M	$69M	$60M	$33M	$85M	$104M	$125M
Total Shareholders' Equity	$271M	$367M	$189M	$549M	$398M	$326M	$405M	$521M	$474M	$506M	$472M	$440M	$391M	$322M	$269M	$146M	$129M	$53M	$153M	$280M	$278M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive WNC viewer.

Other Companies in FARM & HEAVY CONSTRUCTION MACHINERY

BLBD · Blue Bird Corp — $2 billion
ASTE · Astec Industries Inc — $904 million
AEBI · Aebi Schmidt Holding AG - Common Stock — $896 million
MTW · Manitowoc Company Inc — $858 million
CMCO · Columbus McKinnon Corporation — $432 million
TWI · Titan International Inc — $300 million
CNH · CNH Industrial N.V. — $19 billion
OSK · Oshkosh Corporation — $9 billion

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