Wabash National Corporation (WNC) Stock

Wabash National Corporation (WNC) is a Consumer Discretionary stock trading at $11.67 (as of 2026-08-20), with a market capitalization of $474.67M and a trailing P/E of 2.2. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Wabash National Corporation designs, manufactures, and distributes engineered transportation-related solutions, including trailer systems and related components, primarily in the United States. It operates through two segments: Transportation Solutions and Parts & Services, serving customers in transportation, logistics, and distribution with both new equipment and aftermarket parts and services.

Understand Wabash National Corporation: how it makes money

Wabash National Corporation designs, manufactures, and distributes engineered transportation equipment, mainly in the form of dry van and specialized trailers, and it also sells related parts and services, which it monetizes through equipment and service-related revenue.

The profit model depends on turning incoming orders (Net Order Inflow) into physical shipments (Trailer Shipments and related units), which then drives equipment revenue and supporting service and marketing revenue streams.

Business quality (Weak): Demand signals exist via Net Order Inflow, but the latest quarter showed negative gross and operating margins, so execution and cost control are key near-term realities for investors to focus on.

Bull case

  • Order activity supports the pipeline: Net Order Inflow was reported at 1.7 USD_B, which can indicate ongoing customer demand.
  • Revenue is linked to shipment activity: The company also reports Trailer Shipments (13,310 count in the provided data), so improved order-to-shipment conversion can directly affect revenue generation.

Bear case

  • Latest-quarter profitability is negative: For the period ending 2026-03-31, gross_margin_pct was -3.5 and operating_margin_pct was -17.3, indicating losses at the gross and operating levels.
  • Mix and costs may be pressuring results: Despite shipment-related metrics being tracked, the company still posted negative margins in the latest quarter, suggesting costs or product and service mix issues can outweigh volume.
Valuation — source: SEC EDGAR (first-party)
Price$11.67
Market Cap$474.67M
P/E Ratio2.2
EV / EBITDA2.5
Price / Book1.48
Price / Sales0.31
FCF Yield-5.9%
DCF Value (model)$109.26
DCF Upside vs Price836.2%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$1.54B
Net Margin13.7%
Revenue Growth (YoY)-20.8%
EPS Growth (YoY)-179.5%
FCF Growth (YoY)-128.9%
Financial Health — source: SEC EDGAR
Altman Z-Score3.02 (safe)
Piotroski F-Score4/9 (moderate)
Valuation vs Sector & Industry
Stock P/E2.2
Sector P/E (Consumer Discretionary)20.5
Industry P/E (Automobiles & Trucks)17.2
vs Sector-89.3%
vs Industry-87.2%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderBlackRock Fund Advisors ($80.36M)
Institutional Holders Tracked10
Company
SectorConsumer Discretionary
IndustryAutomobiles & Trucks
CEOBrent L. Yeagy
Employees6,000
CountryUS
IPO Date1991-11-08

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WNC earnings history · WNC institutional & insider holders · WNC KPIs & operating metrics · WNC financials · WNC investor presentations & press releases · WNC SEC filings · WNC peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.