Wabash National Corporation (WNC) AI Stock Analysis

Wabash National Corporation provides engineered solutions tailored for transportation, logistics, and distribution industries primarily within the United States. It operates through two segments: Transportation Solutions and Parts & Services. Transportation Solutions manufactures trailers and bodies, including dry van, platform, refrigerated trailers, converter dollies, truck bodies, and liquid tank trailers made of stainless steel and aluminum. The Parts & Services segment delivers aftermarket support such as collision repair, door repair, maintenance services, shelving systems, thermal solutions, and stainless steel storage tanks and mixers for dairy, food, chemical, and pharmaceutical markets.

Wabash National experienced top-line swings over recent fiscal periods, with five-year revenue CAGR from FY2020 to FY2025 at 0.8%. Revenue reached $2.54B in FY2023 with gross margin at 19.6% and net income of $231.3M. However, demand softened, leading to revenue declines of 23.3% in FY2024 to $1.95B and 20.8% in FY2025 to $1.54B. For FY2025, gross margin fell to 3.8%, though net income stood at $211.5M. For the quarter ended June 30, 2026, revenue dropped 9.1% year-over-year, while quarterly earnings grew 1274.4%. Over the trailing twelve months, revenue totaled $1.42B with an operating margin of -6.2% and EPS of -$1.85.

As of June 30, 2026, Wabash National held $71.5M in cash and short-term investments against $513.2M in total debt, resulting in net debt of $441.7M. The company had a current ratio of 1.31 and a debt-to-equity ratio of 1.75 on shareholders' equity of $292.5M. In FY2025, operating cash flow generated $11.7M, but capital expenditures of $24.7M led to free cash flow of -$13.0M. The company also returned capital to shareholders during FY2025, spending $33.8M on share buybacks and $13.8M on dividends paid.

Wabash National trades at a market capitalization of $503.5M and an enterprise value of $930.5M. The stock trades at a forward P/E of 8.6x, an EV/EBITDA of 2.0x, and a price-to-sales ratio of 0.4x. These multiples compare to the median of its US-listed Industrials peers, which post a forward P/E of 17.2x, an EV/EBITDA of 13.9x, and a price-to-sales of 1.5x. WNC gained 43.1% over the past year, outperforming the 16.8% return of the S&P 500 (SPY), though its five-year return of -13.1% trails the S&P 500's 83.0% gain.

Wabash National Corporation pays an annual forward dividend of $0.32 per share, representing a dividend yield of 2.59%. The company distributes payments quarterly and has maintained a track record of 10 consecutive years of dividend payments. Over the past five years, Wabash National achieved an annualized dividend growth rate of 5.9%, supported by a payout ratio of 7.9%. Its last ex-dividend date was October 8, 2026.

Wall Street coverage includes two analysts with 1 Strong Buy and 1 Buy rating. The mean price target is $22.50, representing an 82.0% upside compared to the last close of $12.36. For the current fiscal year ending December 31, 2026, analysts estimate an EPS of -$2.33 on revenue of $1.58B. For the next fiscal year, consensus models anticipate revenue to expand 29.6% to $2.05B with EPS recovering to $1.20. Wabash National exceeded EPS forecasts in 1 of the last 4 quarters, with next earnings scheduled for October 29, 2026.

This page is an AI-written research summary of Wabash National Corporation (WNC). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: WNC income statement, WNC balance sheet, WNC key metrics, WNC analyst forecast, WNC chart. See the WNC stock overview for the latest quote and news.