WABASH NATIONAL CORPORATION

EDGAR

Annual consolidated revenue for 2025: about USD 1.543B, using the latest reported figures. The previous period, 2024, was about USD 1.947B.

Watchlist

Latest quarter

Revenue

476 million USD

2026 Q3 · USD

Exact inputs and evidence

Operating margin

-4.2%

2026 Q3 · %

Exact inputs and evidence
  • Operating Income: -20026000 USD Source
  • Revenue: 476408000 USD Source

Operating cash flow

-37.3 million USD

2026 Q3 · USD

Exact inputs and evidence
  • Operating Cash Flow: -65820000 USD Source
  • Operating Cash Flow: -28517000 USD Source

Free cash flow

-40.8 million USD

2026 Q3 · USD

Exact inputs and evidence
  • Operating Cash Flow: -65820000 USD Source
  • Operating Cash Flow: -28517000 USD Source
  • Capital Expenditure: 8946000 USD Source
  • Capital Expenditure: 5490000 USD Source
Cash and cash equivalents
69.3 million USD Source
Exact value

69290000 USD

Long-term debt including current maturities
550 million USD Source
Exact value

550000000 USD

Shares outstanding
40.7 million shares Source
Exact value

40738694 shares

Reported share-count change

0.55% · 222 thousand shares

Year-over-year change in reported shares. Splits, issuance and buybacks can affect this figure; it does not isolate employee compensation or economic dilution.

Exact inputs and evidence
  • 40516637 shares · 2025-09-30· Source
  • 40738694 shares · 2026-09-30· Source

Trailing twelve months

The four most recent complete quarters added together. This gives a full-year view that includes the latest quarterly results.

Revenue

1.52 billion USD

2025-10-01 – 2026-09-30

Exact inputs and evidence
  • Revenue: 321453000 USD · 2025-10-01 – 2025-12-31 Source
  • Revenue: 303229000 USD · 2026-01-01 – 2026-03-31 Source
  • Revenue: 417241000 USD · 2026-04-01 – 2026-06-30 Source
  • Revenue: 476408000 USD · 2026-07-01 – 2026-09-30 Source

Net income

-139 million USD

2025-10-01 – 2026-09-30

Exact inputs and evidence
  • Net income: -49878000 USD · 2025-10-01 – 2025-12-31 Source
  • Net income: -45171000 USD · 2026-01-01 – 2026-03-31 Source
  • Net income: -22891000 USD · 2026-04-01 – 2026-06-30 Source
  • Net income: -20748000 USD · 2026-07-01 – 2026-09-30 Source

Operating cash flow

-123 million USD

2025-10-01 – 2026-09-30

Exact inputs and evidence
  • Operating cash flow: 11666000 USD · 2025-01-01 – 2025-12-31 Source
  • Operating cash flow: 69100000 USD · 2025-01-01 – 2025-09-30 Source
  • Operating cash flow: -33652000 USD · 2026-01-01 – 2026-03-31 Source
  • Operating cash flow: -28517000 USD · 2026-01-01 – 2026-06-30 Source
  • Operating cash flow: -33652000 USD · 2026-01-01 – 2026-03-31 Source
  • Operating cash flow: -65820000 USD · 2026-01-01 – 2026-09-30 Source
  • Operating cash flow: -28517000 USD · 2026-01-01 – 2026-06-30 Source

Capital expenditure

13.5 million USD

2025-10-01 – 2026-09-30

Exact inputs and evidence
  • Capital expenditure: 24711000 USD · 2025-01-01 – 2025-12-31 Source
  • Capital expenditure: 20207000 USD · 2025-01-01 – 2025-09-30 Source
  • Capital expenditure: 3425000 USD · 2026-01-01 – 2026-03-31 Source
  • Capital expenditure: 5490000 USD · 2026-01-01 – 2026-06-30 Source
  • Capital expenditure: 3425000 USD · 2026-01-01 – 2026-03-31 Source
  • Capital expenditure: 8946000 USD · 2026-01-01 – 2026-09-30 Source
  • Capital expenditure: 5490000 USD · 2026-01-01 – 2026-06-30 Source

Free cash flow

-137 million USD

2025-10-01 – 2026-09-30

Exact inputs and evidence
  • Operating cash flow: 11666000 USD · 2025-01-01 – 2025-12-31 Source
  • Operating cash flow: 69100000 USD · 2025-01-01 – 2025-09-30 Source
  • Operating cash flow: -33652000 USD · 2026-01-01 – 2026-03-31 Source
  • Operating cash flow: -28517000 USD · 2026-01-01 – 2026-06-30 Source
  • Operating cash flow: -33652000 USD · 2026-01-01 – 2026-03-31 Source
  • Operating cash flow: -65820000 USD · 2026-01-01 – 2026-09-30 Source
  • Operating cash flow: -28517000 USD · 2026-01-01 – 2026-06-30 Source
  • Capital expenditure: 24711000 USD · 2025-01-01 – 2025-12-31 Source
  • Capital expenditure: 20207000 USD · 2025-01-01 – 2025-09-30 Source
  • Capital expenditure: 3425000 USD · 2026-01-01 – 2026-03-31 Source
  • Capital expenditure: 5490000 USD · 2026-01-01 – 2026-06-30 Source
  • Capital expenditure: 3425000 USD · 2026-01-01 – 2026-03-31 Source
  • Capital expenditure: 8946000 USD · 2026-01-01 – 2026-09-30 Source
  • Capital expenditure: 5490000 USD · 2026-01-01 – 2026-06-30 Source

Company performance

Up to ten complete financial years · consolidated figures

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-10-29.

Financial data available through: 2025-12-31.

Coverage by financial measure
  • Revenue: 11 of 11 periods available· newest 2025-12-31
  • Operating income: 11 of 11 periods available· newest 2025-12-31
  • Net income: 11 of 11 periods available· newest 2025-12-31
  • Operating cash flow: 11 of 11 periods available· newest 2025-12-31
  • Capital expenditure: 11 of 11 periods available· newest 2025-12-31
  • Total assets: 11 of 11 periods available· newest 2025-12-31
  • Total liabilities: 9 of 11 periods available· newest 2025-12-31
  • Current assets: 11 of 11 periods available· newest 2025-12-31
  • Current liabilities: 11 of 11 periods available· newest 2025-12-31
  • Cash and cash equivalents: 11 of 11 periods available· newest 2025-12-31
  • Long-term debt including current maturities: 10 of 11 periods available· newest 2025-12-31
  • Shares outstanding: 11 of 11 periods available· newest 2025-12-31

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

  • Revenue

    -20.8%

    Prior period

    USD 1.95 billion

    –

    Current period

    USD 1.54 billion

    –

    Exact inputs and evidence

    1542754000 − 1946740000 = -403986000 USD

    1946740000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    1542754000 USD · 2025-01-01 – 2025-12-31

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  • Net income

    +USD 495.52 million

    Prior period

    −USD 284.07 million

    –

    Current period

    USD 211.45 million

    –

    Exact inputs and evidence

    211451000 − -284071000 = 495522000 USD

    -284071000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    211451000 USD · 2025-01-01 – 2025-12-31

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  • Operating cash flow

    -90.1%

    Prior period

    USD 117.27 million

    –

    Current period

    USD 11.67 million

    –

    Exact inputs and evidence

    11666000 − 117272000 = -105606000 USD

    117272000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    11666000 USD · 2025-01-01 – 2025-12-31

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  • Capital expenditure

    -65.8%

    Prior period

    USD 72.19 million

    –

    Current period

    USD 24.71 million

    –

    Exact inputs and evidence

    24711000 − 72188000 = -47477000 USD

    72188000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    24711000 USD · 2025-01-01 – 2025-12-31

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Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2025-01-01 – 2025-12-31

  • Revenue USD 1.54 billion 100% of revenue
  • Operating costs Derived USD 1.24 billion 80% of revenue
  • Operating income USD 307.51 million 20% of revenue
  • Tax, interest and other Derived USD 96.05 million 6.2% of revenue
  • Net income USD 211.45 million 14% of revenue

Cash

  • Operating cash flow USD 11.67 million 0.8% of revenue
  • Capital expenditure USD 24.71 million 1.6% of revenue
  • Free cash flow Derived −USD 13.05 million −0.8% of revenue

Share of revenue by period

  • Net income
  • Tax, interest and other
  • Operating costs
  • 2016 89%
  • 2017 93%
  • 2018 95%
  • 2019 94%
  • 2020 Operating loss: operating costs were 106% of revenue.
  • 2021 98%
  • 2022 93%
  • 2023 9.1%88%
  • 2024 Operating loss: operating costs were 118% of revenue.
  • 2025 14%80%
Values and sources
Revenue breakdown by annual reporting period
PeriodRevenueOperating costsOperating incomeTax, interest and otherNet incomeFree cash flowSource
2016 2016-01-01 – 2016-12-311845444000 1642912000 Derived 202532000 83099000 Derived 119433000 158408000 Derived
Source
2017 2017-01-01 – 2017-12-311767161000 1636345000 Derived 130816000 19394000 Derived 111422000 118323000 Derived
Source
2018 2018-01-01 – 2018-12-312267278000 2156291000 Derived 110987000 41566000 Derived 69421000 78462000 Derived
Source
2019 2019-01-01 – 2019-12-312319136000 2176350000 Derived 142786000 53211000 Derived 89575000 108639000 Derived
Source
2020 2020-01-01 – 2020-12-311481889000 1567497000 Derived -85608000 11804000 Derived -97412000 104003000 Derived
Source
2021 2021-01-01 – 2021-12-311803268000 1769726000 Derived 33542000 32378000 Derived 1164000 -56575000 Derived
Source
2022 2022-01-01 – 2022-12-312502129000 2335487000 Derived 166642000 54384000 Derived 112258000 66998000 Derived
Source
2023 2023-01-01 – 2023-12-312536500000 2224551000 Derived 311949000 80697000 Derived 231252000 221513000 Derived
Source
2024 2024-01-01 – 2024-12-311946740000 2302844000 Derived -356104000 -72033000 Derived -284071000 45084000 Derived
Source
2025 2025-01-01 – 2025-12-311542754000 1235249000 Derived 307505000 96054000 Derived 211451000 -13045000 Derived
Source

Amounts are exact, in USD.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

USD 1.5B 2025
Revenue historyRevenue reported for each complete financial period. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.2.7B2.1B1.4B684.9M0.0201620212025
Values and sources
Revenue values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Revenue1845444000
2017Revenue1767161000
2018Revenue2267278000
2019Revenue2319136000
2020Revenue1481889000
2021Revenue1803268000
2022Revenue2502129000
2023Revenue2536500000
2024Revenue1946740000
2025Revenue1542754000

Revenue growth

Change in revenue from the same financial period one year earlier.

-20.8% 2025
Revenue growth historyChange in revenue from the same financial period one year earlier. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.45%23%1%-20%-42%201620212025
Values and sources
Revenue growth values and source evidence
PeriodSeriesValueSource evidence
2016Year over year-9%
2017Year over year-4.2%
2018Year over year28.3%
2019Year over year2.3%
2020Year over year-36.1%
2021Year over year21.7%
2022Year over year38.8%
2023Year over year1.4%
2024Year over year-23.3%
2025Year over year-20.8%

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin 19.9% 2025
Net margin 13.7% 2025
Free cash flow margin -0.8% 2025
Profit margins historyOperating income, net income and free cash flow as a share of revenue. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.23%12%1%-10%-21%201620212025
  • Operating margin
  • Net margin
  • Free cash flow margin
Values and sources
Profit margins values and source evidence
PeriodSeriesValueSource evidence
2016Operating margin11%
2017Operating margin7.4%
2018Operating margin4.9%
2019Operating margin6.2%
2020Operating margin-5.8%
2021Operating margin1.9%
2022Operating margin6.7%
2023Operating margin12.3%
2024Operating margin-18.3%
2025Operating margin19.9%
2016Net margin6.5%
2017Net margin6.3%
2018Net margin3.1%
2019Net margin3.9%
2020Net margin-6.6%
2021Net margin0.1%
2022Net margin4.5%
2023Net margin9.1%
2024Net margin-14.6%
2025Net margin13.7%
2016Free cash flow margin8.6%
2017Free cash flow margin6.7%
2018Free cash flow margin3.5%
2019Free cash flow margin4.7%
2020Free cash flow margin7%
2021Free cash flow margin-3.1%
2022Free cash flow margin2.7%
2023Free cash flow margin8.7%
2024Free cash flow margin2.3%
2025Free cash flow margin-0.8%

Operating cash flow

Cash generated by the company’s normal business operations.

USD 11.7M 2025
Operating cash flow historyCash generated by the company’s normal business operations. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.345.8M250.9M156.1M61.2M-33.6M201620212025
Values and sources
Operating cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Operating cash flow178750000
2017Operating cash flow144379000
2018Operating cash flow112471000
2019Operating cash flow146284000
2020Operating cash flow124134000
2021Operating cash flow-7470000
2022Operating cash flow124084000
2023Operating cash flow319606000
2024Operating cash flow117272000
2025Operating cash flow11666000

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

USD -13M 2025
Free cash flow historyOperating cash flow minus capital expenditure for the same period and unit. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.243.8M163.1M82.5M1.8M-78.8M201620212025
Values and sources
Free cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Free cash flow158408000
2017Free cash flow118323000
2018Free cash flow78462000
2019Free cash flow108639000
2020Free cash flow104003000
2021Free cash flow-56575000
2022Free cash flow66998000
2023Free cash flow221513000
2024Free cash flow45084000
2025Free cash flow-13045000

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

68.5% 2025
Liabilities to assets historyTotal liabilities as a share of total assets. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.93%70%47%23%0%2016-12-3120212025
Values and sources
Liabilities to assets values and source evidence
PeriodSeriesValueSource evidence
2016-12-31Liabilities / assetsNot reported
2017Liabilities / assets62.6%
2018Liabilities / assets63.7%
2019Liabilities / assets60.1%
2020Liabilities / assets65.1%
2021Liabilities / assets70.6%
2022Liabilities / assets66.9%
2023Liabilities / assets59.6%
2024Liabilities / assets86.6%
2025Liabilities / assets68.5%

Current assets to current liabilities

Current assets divided by current liabilities.

1.39× 2025
Current assets to current liabilities historyCurrent assets divided by current liabilities. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.3.12×2.34×1.56×0.78×0.00×201620212025
Values and sources
Current assets to current liabilities values and source evidence
PeriodSeriesValueSource evidence
2016Current assets / current liabilities2.89×
2017Current assets / current liabilities2.03×
2018Current assets / current liabilities2.02×
2019Current assets / current liabilities2.09×
2020Current assets / current liabilities2.31×
2021Current assets / current liabilities1.83×
2022Current assets / current liabilities1.71×
2023Current assets / current liabilities1.93×
2024Current assets / current liabilities1.93×
2025Current assets / current liabilities1.39×

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
PeriodNet incomeOperating cash flowCapital expenditureFree cash flow
2016 2016-01-01 – 2016-12-31
USD 119.43 million
Exact value

Exact value: 119433000 USD

2016-01-01 – 2016-12-31: 119433000 USD Inspect Net Income Open source
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USD 178.75 million
Exact value

Exact value: 178750000 USD

2016-01-01 – 2016-12-31: 178750000 USD Inspect Operating Cash Flow Open source
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USD 20.34 million
Exact value

Exact value: 20342000 USD

2016-01-01 – 2016-12-31: 20342000 USD Inspect Capital Expenditure Open source
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USD 158.41 million
Calculation and evidence

178750000 − 20342000 USD

Exact free cash flow: 158408000 USD

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2017 2017-01-01 – 2017-12-31
USD 111.42 million
Exact value

Exact value: 111422000 USD

2017-01-01 – 2017-12-31: 111422000 USD Inspect Net Income Open source
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USD 144.38 million
Exact value

Exact value: 144379000 USD

2017-01-01 – 2017-12-31: 144379000 USD Inspect Operating Cash Flow Open source
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USD 26.06 million
Exact value

Exact value: 26056000 USD

2017-01-01 – 2017-12-31: 26056000 USD Inspect Capital Expenditure Open source
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USD 118.32 million
Calculation and evidence

144379000 − 26056000 USD

Exact free cash flow: 118323000 USD

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2018 2018-01-01 – 2018-12-31
USD 69.42 million
Exact value

Exact value: 69421000 USD

2018-01-01 – 2018-12-31: 69421000 USD Inspect Net Income Open source
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USD 112.47 million
Exact value

Exact value: 112471000 USD

2018-01-01 – 2018-12-31: 112471000 USD Inspect Operating Cash Flow Open source
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USD 34.01 million
Exact value

Exact value: 34009000 USD

2018-01-01 – 2018-12-31: 34009000 USD Inspect Capital Expenditure Open source
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USD 78.46 million
Calculation and evidence

112471000 − 34009000 USD

Exact free cash flow: 78462000 USD

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2019 2019-01-01 – 2019-12-31
USD 89.58 million
Exact value

Exact value: 89575000 USD

2019-01-01 – 2019-12-31: 89575000 USD Inspect Net Income Open source
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USD 146.28 million
Exact value

Exact value: 146284000 USD

2019-01-01 – 2019-12-31: 146284000 USD Inspect Operating Cash Flow Open source
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USD 37.65 million
Exact value

Exact value: 37645000 USD

2019-01-01 – 2019-12-31: 37645000 USD Inspect Capital Expenditure Open source
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USD 108.64 million
Calculation and evidence

146284000 − 37645000 USD

Exact free cash flow: 108639000 USD

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2020 2020-01-01 – 2020-12-31
−USD 97.41 million
Exact value

Exact value: -97412000 USD

2020-01-01 – 2020-12-31: -97412000 USD Inspect Net Income Open source
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USD 124.13 million
Exact value

Exact value: 124134000 USD

2020-01-01 – 2020-12-31: 124134000 USD Inspect Operating Cash Flow Open source
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USD 20.13 million
Exact value

Exact value: 20131000 USD

2020-01-01 – 2020-12-31: 20131000 USD Inspect Capital Expenditure Open source
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USD 104 million
Calculation and evidence

124134000 − 20131000 USD

Exact free cash flow: 104003000 USD

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2021 2021-01-01 – 2021-12-31
USD 1.16 million
Exact value

Exact value: 1164000 USD

2021-01-01 – 2021-12-31: 1164000 USD Inspect Net Income Open source
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−USD 7.47 million
Exact value

Exact value: -7470000 USD

2021-01-01 – 2021-12-31: -7470000 USD Inspect Operating Cash Flow Open source
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USD 49.11 million
Exact value

Exact value: 49105000 USD

2021-01-01 – 2021-12-31: 49105000 USD Inspect Capital Expenditure Open source
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−USD 56.58 million
Calculation and evidence

-7470000 − 49105000 USD

Exact free cash flow: -56575000 USD

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2022 2022-01-01 – 2022-12-31
USD 112.26 million
Exact value

Exact value: 112258000 USD

2022-01-01 – 2022-12-31: 112258000 USD Inspect Net Income Open source
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USD 124.08 million
Exact value

Exact value: 124084000 USD

2022-01-01 – 2022-12-31: 124084000 USD Inspect Operating Cash Flow Open source
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USD 57.09 million
Exact value

Exact value: 57086000 USD

2022-01-01 – 2022-12-31: 57086000 USD Inspect Capital Expenditure Open source
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USD 67 million
Calculation and evidence

124084000 − 57086000 USD

Exact free cash flow: 66998000 USD

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2023 2023-01-01 – 2023-12-31
USD 231.25 million
Exact value

Exact value: 231252000 USD

2023-01-01 – 2023-12-31: 231252000 USD Inspect Net Income Open source
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USD 319.61 million
Exact value

Exact value: 319606000 USD

2023-01-01 – 2023-12-31: 319606000 USD Inspect Operating Cash Flow Open source
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USD 98.09 million
Exact value

Exact value: 98093000 USD

2023-01-01 – 2023-12-31: 98093000 USD Inspect Capital Expenditure Open source
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USD 221.51 million
Calculation and evidence

319606000 − 98093000 USD

Exact free cash flow: 221513000 USD

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2024 2024-01-01 – 2024-12-31
−USD 284.07 million
Exact value

Exact value: -284071000 USD

2024-01-01 – 2024-12-31: -284071000 USD Inspect Net Income Open source
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USD 117.27 million
Exact value

Exact value: 117272000 USD

2024-01-01 – 2024-12-31: 117272000 USD Inspect Operating Cash Flow Open source
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USD 72.19 million
Exact value

Exact value: 72188000 USD

2024-01-01 – 2024-12-31: 72188000 USD Inspect Capital Expenditure Open source
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USD 45.08 million
Calculation and evidence

117272000 − 72188000 USD

Exact free cash flow: 45084000 USD

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2025 2025-01-01 – 2025-12-31
USD 211.45 million
Exact value

Exact value: 211451000 USD

2025-01-01 – 2025-12-31: 211451000 USD Inspect Net Income Open source
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USD 11.67 million
Exact value

Exact value: 11666000 USD

2025-01-01 – 2025-12-31: 11666000 USD Inspect Operating Cash Flow Open source
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USD 24.71 million
Exact value

Exact value: 24711000 USD

2025-01-01 – 2025-12-31: 24711000 USD Inspect Capital Expenditure Open source
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−USD 13.05 million
Calculation and evidence

11666000 − 24711000 USD

Exact free cash flow: -13045000 USD

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Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

158 filings · 16,524 latest values · 16,524 originally reported values

Dataset published . Source filing dates and reporting periods are shown separately.

Identifiers: 0000879526, 879526, WNC, edgar:879526

Also known as WABASH NATIONAL CORP /DE, WABASH NATIONAL CORPORATION, WABASH NATIONAL Corp