Company Analysis

Wabash National Corp. (WNC)

NYSE: WNC · Truck Trailers · Lafayette, IN · filing with the SEC since 1994
Grade4.9
◀ Past 5.0● Present 5.9▶ Future 3.3

The grade of Wabash National Corp.

Nine metrics read from its own filings, by tense
Headline grade
4.9/10
◀ Past5.030% of the headline
● Present5.940% of the headline
▶ Future3.330% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

All nine metrics read as filed from the record.

◀ Past

What did they actually do?

5.0/1030% of the headline grade · 3 of 3 filed

Surviving crises

as filed
7.0/10

Has it survived what it has been through?

No warning events in its filings since 2017.

weight 33% of this tense · 70th percentile among 30 sector filers · read for itself

From the record

Wabash National Corp.'s filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
3.4/10

What has it actually done, year after year?

-2% a year over 10 filed years; profitable in 8 of 10.

weight 45% of this tense · 34th percentile among 29 sector filers · read for its customers

From the record

Wabash National Corp.'s 10 filed years say what it did: revenue went from $1.8 billion in fiscal 2016 to $1.5 billion in fiscal 2025, down 2% a year; it rose in 5 of 9 years; the deepest fall was 39% from fiscal 2023 to fiscal 2025; net income was positive in 8 of 10 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span-2.0%bottom 16% of its family
  • the share of years revenue rosebottom 34% of its family
  • the share of filed years with a profitbottom 41% of its family
  • the deepest fall from a revenue peak39.2%bottom 43% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
5.5/10

How has it treated the people who own it?

Share count shrank 5.8% a year. 10% of cash flow returned. Insiders: 1 sales, 0 purchases.

weight 22% of this tense · 55th percentile among 20 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-12-31, Wabash National Corp.'s diluted share count shrank about 5.8% a year, and dividends and buybacks returned about 10% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 1 sale and 0 purchases of their own stock on the open market in the year to 2026-10-30 (their Form 4 filings).

What it rests on

  • the share count over the yearstop 8% of its family
  • cash returned against operating cash flowbottom 18% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

5.9/1040% of the headline grade · 3 of 3 filed

Financial health

as filed
5.9/10

Is it financially healthy right now?

ROE 58%: 58¢ of profit per shareholder dollar. Leverage 69%: owes 69¢ per asset dollar.

weight 45% of this tense · 59th percentile among 27 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Wabash National Corp. earned about 58 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned about 6 cents per dollar of everything the company owns. Leverage: it owed about 69 cents per dollar of assets, and net share issuance: its share count shrank 5.9% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetsbottom 24% of its family
  • return on equitytop 2% of its family
  • gross profit against assetsbottom 19% of its family
  • the share count against the year beforetop 6% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
5.6/10

How strong is its position in its industry?

top 44% of 30 in its family; net margin 13.7%.

weight 33% of this tense · 56th percentile among 30 sector filers · read for its customers

From the record

Wabash National Corp.'s standing among 30 graded names in its industry family: revenue of $1.5 billion in fiscal 2025 ranks in the top 41% by size; a net margin of 13.7% ranks in the top 2%; revenue growth of -14.9% a year over the last 3 filed years ranks in the bottom 12% (its annual reports).

What it rests on

  • revenue against the family$1.54Btop 41% of its family
  • net margin13.7%top 2% of its family
  • three-year revenue growth-14.9%bottom 12% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
6.5/10

What are the people in charge doing?

top 35% of 21 in its family for leadership; chief executive since 2019.

weight 22% of this tense · 65th percentile among 21 sector filers · read for its shareholders

From the record

Wabash National Corp.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Yeagy, Brent L (President & CEO, as filed), filing under that title since 2019-02-25, 7.7 years (top 26% of its family); the 14 officers and directors filing in the last fifteen months have been on the record a median of 7.6 years (top 26%); 6 officer or director changes were reported on Form 8-K since 2023-11-13, against the 14 people in charge now (bottom 48%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge6 in three years among 14 peoplebottom 48% of its family
  • the median years the people in charge have filed7.6 yearstop 26% of its family
  • the chief executive's years on the record7.7 yearstop 26% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

3.3/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
1.7/10

How much room does it have to grow?

bottom 17% of 30 in its family for room to expand.

weight 45% of this tense · 17th percentile among 30 sector filers · read for itself

From the record

Wabash National Corp.'s room to grow, from the newest filed statements (fiscal 2025): cash of $32 million against debt of $443 million leaves -35.1% of its assets as net cash, bottom 8% of its family; cash from operations less capital spending is -0.8% of revenue (bottom 38%); a gross margin of 4.5% (bottom 9%); research spending of 0.4% of revenue (bottom 12%) (its annual report).

What it rests on

  • cash less debt against assets-35.1%bottom 8% of its family
  • cash from operations less capital spending against revenue-0.8%bottom 38% of its family
  • gross margin4.5%bottom 9% of its family
  • research spending against revenue0.4%bottom 12% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
2.9/10

What could actually drive growth from here?

bottom 29% of 29 in its family for growth drivers.

weight 33% of this tense · 29th percentile among 29 sector filers · read for its customers

From the record

Wabash National Corp.'s growth drivers, from the filed years to fiscal 2025: revenue grew -14.9% a year over the last three filed years against -2% over all 10, slowing (bottom 30% of its family); the newest year grew -20.8% (bottom 19%); research spending grew 3.6% a year (bottom 44%); capital spending grew -24.3% a year (bottom 22%) (its annual reports). Wabash National Corp. reported 2 lines of business in fiscal 2025: Transportation Solutions at $1.3 billion (85%), Parts Service at $236 million (15%); 1 of 2 grew against the year before (its annual report).

What it rests on

  • three-year growth against the whole span-12.9 points a yearbottom 30% of its family
  • the newest year's revenue growth-20.8%bottom 19% of its family
  • three-year growth of research spending3.6%bottom 44% of its family
  • three-year growth of capital spending-24.3%bottom 22% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
7.2/10

Did its newest year beat what its own record pointed to?

top 28% of 28 in its family for expectations against reality.

weight 22% of this tense · 72nd percentile among 28 sector filers · read for its shareholders

From the record

Wabash National Corp.'s newest year against its own record: revenue of $1.5 billion in fiscal 2025 came in 10.2% below the $1.7 billion its prior three years' pace pointed to (bottom 34% of its family); net income of $211 million against a prior three-year average of $20 million (top 2%); a net margin of 13.7% against -0.3% before (top 16%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace-10.2%bottom 34% of its family
  • net income against the prior three years' averagefive times its prior average or moretop 2% of its family
  • net margin against its prior average+14.0 pointstop 16% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton WNC · research, not advice