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Employees: 4,700
Size Wabash National (WNC) is a United States Industrials company (Trucks/Construction/Farm Machinery) with a market value of $444M, the 2781st largest of 3,117 United States companies the cockpit tracks. Shares closed at $10.91 on 6 Nov 2026.
Performance Over six months the shares gained 46.0%, against -25.6% for the median peer and -1.1% for the United States market (cap-weighted) — highest of 21 in its peer set.
Growth Revenue fell 7.3% over the last twelve months (peer median +9.0%); the operating margin is -10.2% (peer median 5.4%).
Valuation It trades at 0.6× enterprise value to sales against a peer median of 1.7× (2nd cheapest of 21).
Capital Return on invested capital runs 24.2 points below its cost of capital (8.5% WACC).
Credit Wabash National has 1 bond outstanding ($400M), rated CCC+ by the agencies and trading like B at a weighted spread of 294 bp.
Short interest Short interest is 12.0% of the free float (15 Oct 2026).
Next results Next results expected around 3 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $1.52B | $1.54B | $1.95B | $2.54B | $2.50B |
| Revenue growth | — | -21% | -23% | +1% | — |
| Gross profit | $364,000 | $55.9M | $254M | $489M | $303M |
| EBITDA | -$97.7M | $377M | -$298M | $361M | $209M |
| Net income | -$139M | $211M | -$284M | $231M | $112M |
| Free cash flow | -$137M | -$13.0M | $45.1M | $222M | $67.0M |
| Capital expenditure | $21.0M | $72.3M | $79.1M | $104M | $57.1M |
| Total debt | $570M | $479M | $434M | $429M | $419M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | WNC | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -18.6% | -11.4% | 5th lowest of 21 |
| 6-month return | +46.0% | -25.6% | highest of 21 |
| Distance from 52-week high | -25.0% | -43.4% | 4th highest of 21 |
| Revenue growth (TTM) | -7.3% | +9.0% | 4th lowest of 21 |
| Operating margin | -10.2% | 5.4% | 3rd lowest of 21 |
| EV / Sales | 0.6× | 1.7× | 2nd cheapest of 21 |
| ROIC minus cost of capital | -24.2 pp | -2.3 pp | lowest of 21 |
| Bond spread | 294 bp | n/a | — |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Wabash National WNC | United States | $444M | +46% | -7% | -10% | 0.6× | n/a | n/a |
| Texmaco Rail & Engineering TEXRAIL.NS | India | $452M | -9% | -14% | 8% | 1.0× | 24.5% | +21.0% |
| Junjin Construction & Robot 079900.KS | South Korea | $452M | -34% | +2% | 13% | 3.2× | 4.5% | +15.9% |
| Ningbo Daye Garden Machinery 300879.SZ | China | $457M | -37% | +8% | -4% | 1.4× | n/a | n/a |
| Anhui Quanchai Engine 600218.SS | China | $463M | -27% | +3% | -1% | 0.3× | -3.7% | 0.0% |
| Karnell KARNEL-B.ST | Sweden | $465M | +8% | +28% | 14% | 2.5× | 5.9% | +24.2% |
| Hangzhou Hota M&E 001225.SZ | China | $469M | -32% | -2% | 3% | 9.9× | 42.5% | -10.3% |
| Anshan Senyuan Road and Bridge 300210.SZ | China | $471M | -40% | -36% | -24% | 14.9× | n/a | n/a |
| L. B. Foster FSTR | United States | $418M | -6% | +16% | 5% | 0.8× | 11.5% | +1.7% |
| Kunming Yunnei Power 000903.SZ | China | $474M | -23% | -13% | -23% | 2.1× | n/a | n/a |
| STX Engine 077970.KS | South Korea | $413M | -77% | +10% | 7% | 0.9× | n/a | n/a |
| Kyokuto Kaihatsu Kogyo 7226.T | Japan | $481M | -25% | +15% | 6% | 0.6× | n/a | n/a |
| Shenzhen Keanda Electronic Technology 002972.SZ | China | $405M | -18% | +20% | 19% | 5.7× | 12.2% | +0.9% |
| Fujian South Highway Machinery 603280.SS | China | $399M | -28% | -3% | 5% | 1.9× | 15.3% | -2.0% |
| Greaves Cotton GREAVESCOT.NS | India | $503M | +22% | +28% | 3% | 1.2× | 41.8% | +17.8% |
| Naipu Mining Machinery 300818.SZ | China | $504M | -40% | +21% | 9% | 3.6× | n/a | n/a |
| Aichi 6345.T | Japan | $507M | -11% | +2% | 11% | 0.9× | -5.3% | +0.1% |
| Columbus McKinnon CMCO | United States | $510M | +11% | +81% | 4% | 2.1× | n/a | n/a |
| Inner Mongolia North Hauler Joint Stock 600262.SS | China | $510M | -18% | -3% | 8% | 0.7× | -13.2% | +17.5% |
| Anhui Tuoshan Heavy Industries 001226.SZ | China | $387M | -28% | +30% | 3% | 3.8× | n/a | n/a |
| Traffic Control Technology 688015.SS | China | $383M | -37% | +10% | 7% | 0.8× | -3.9% | +4.5% |
Wabash National has 1 bond outstanding with $400M face value. The agencies rate it CCC+; its bonds trade like B. Weighted yield 7.40%, a spread of 294 bp over government bonds.