Educational research on US and Indian equities, ETFs, mutual funds and crypto, with screeners and a free investing academy.
All data is for educational purposes only and should not be considered investment advice.
Equiscale is operated by Syntellia LLC, a Delaware limited liability company.
© 2026 Syntellia LLC. All rights reserved.
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. It offers dry van trailers, platform trailers, refrigerated trailers, stainless steel and aluminum tank trailers, and used trailors; dry freight truck bodies, cargo bodies, insulated and light-duty acutherm refrigerated truck bodies, and platform truck bodies; and laminated hardwood oak flooring. The company also provides aftermarket parts and services; steel flatbed bodies, truck body mounting, shelving for package delivery, partitions, roof racks, hitches, thermal solutions, liftgates, and other; door repair and replacement, collision repair, and basic maintenance; stainless steel storage tanks and silos, mixers, and processors for the dairy, food and beverage, pharmaceutical, chemical, craft brewing, and biotech end markets; and truck bodies, overhead doors, and other industrial applications. In addition, it offers maintenance and repair services for tank trailers and other related equipment; direct-line access to truck body repair parts; and trailers as a service, as well as develops and scales a digital marketplace for the transportation and logistics distribution industry. The company offers its products under the Wabash, MaxClearance, Trust Lock Plus, EZ-7, Lock-Rite, EZ-Adjust, DuraPlate, DuraPlateHD, DuraPlate AeroSkirt, and AeroSkirt CX brands, and EcoNex brand. Wabash National Corporation was founded in 1985 and is headquartered in Lafayette, Indiana.
Rule-based from financial data. Not advice.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 5 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $1.5B | $363M | $211M | $-13M | 57.6% | -20.8% | -174.4% |
| 2024 | $1.9B | $-300M | $-284M | $45M | -150.4% | -23.3% | -222.8% |
| 2023 | $2.5B | $360M | $231M | $222M | 42.1% | 1.4% | 106.0% |
| 2022 | $2.5B | $214M | $112M | $67M | 28.2% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2025 |
|---|---|
| Total Revenue | 1,542.75 |
| Operating Revenue | 1,542.75 |
| Cost Of Revenue | 1,472.84 |
| Gross Profit | 69.91 |
| Operating Expense | -251.15 |
| Selling General And Administration | -262.33 |
| Total Expenses | 1,221.70 |
| Operating Income | 321.06 |
| Total Operating Income As Reported | 307.50 |
| EBITDA | 363.21 |
| Normalized EBITDA | 376.77 |
| EBIT | 304.48 |
| Interest Expense | 21.32 |
| Net Interest Income | -21.32 |
| Other Non Operating Income Expenses | 3.96 |
| Other Income Expense | -16.58 |
| Interest Expense Non Operating | 21.32 |
| Net Non Operating Interest Income Expense | -21.32 |
| Pretax Income | 283.16 |
| Tax Provision | 71.52 |
| Tax Rate For Calcs | 0 |
| Tax Effect Of Unusual Items | -3.43 |
| Net Income Continuous Operations | 211.64 |
| Net Income From Continuing And Discontinued Operation | 211.45 |
| Net Income From Continuing Operation Net Minority Interest | 211.45 |
| Net Income | 211.45 |
| Net Income Common Stockholders | 211.45 |
| Net Income Including Noncontrolling Interests | 211.64 |
| Normalized Income | 221.58 |
| Diluted NI Availto Com Stockholders | 211.45 |
| Basic Average Shares | 41.51 |
| Diluted Average Shares | 41.75 |
| Reconciled Depreciation | 58.74 |
| Reconciled Cost Of Revenue | 1,425.29 |
| Total Unusual Items | -13.55 |
| Total Unusual Items Excluding Goodwill | -13.55 |
| Minority Interests | -0.19 |
| Special Income Charges | -13.55 |
| Gain On Sale Of Business | - |
| Impairment Of Capital Assets | 13.55 |
| Depreciation Amortization Depletion Income Statement | 11.18 |
| Depreciation And Amortization In Income Statement | 11.18 |
| General And Administrative Expense | -286.77 |
| Other Gand A | -286.77 |
| Selling And Marketing Expense | 24.44 |
| Earnings From Equity Interest | -6.98 |
| Amortization | 11.18 |
| Amortization Of Intangibles Income Statement | 11.18 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Wabash National Corporationthis co. | WNC | $326M | 1.54 | 0.89 | 57.6% | 2.07 |
| Forward Air Corporation | FWRD | $327M | -3.04 | 2.89 | -95.1% | 12.79 |
| SBC Medical Group Holdings Incorporated | SBC | $314M | 6.16 | 1.26 | 20.5% | 2.38 |
| Public Policy Holding Company, Inc. | PPHC | $306M | -7.83 | 4.08 | -52.1% | -18.14 |
| Omega Flex, Inc. | OFLX |
| - |
| - |
| - |
| - |
| - |
| - |
| $304M |
| 20.51 |
| 3.61 |
| 17.6% |
| 13.97 |
| AerSale Corporation | ASLE | $300M | 34.99 | 0.71 | 2.0% | 12.35 |
| CompX International Inc. | CIX | $298M | 15.30 | 2.15 | 14.1% | 9.29 |
| NL Industries, Inc. | NL | $296M | -7.83 | 0.83 | -10.5% | -3.96 |
| AIRO Group Holdings, Inc. | AIRO | $295M | -71.79 | 0.40 | -0.6% | 8.94 |
| Peer Median | - | 1.56 | 1.71 | 0.7% | 9.12 | |