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WABASH NATIONAL Corp WNC

NYSE · stock · Truck Trailers · website · IPO 1991-11-08 · LEI

WABASH NATIONAL Corp statistics & valuation

Market cap$377.4M
P / E1.8×
P / S0.2×
P / B1.0×
Dividend yield3.65%
Net margin13.7%
Return on equity57.6%
FCF margin-0.8%
Net debt$413.1M
Net debt / EBITDA1.1×
Enterprise value USD$790.5M
EV / EBITDA2.2×
Earnings yield EBIT/EV38.9%
Return on capital35.4%
Graham number +154.5%$31.68

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($31.68); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
6.50% 6.30% 3.10% 3.90% -6.60% 0.10% 4.50% 9.10% -14.60% 13.70% 2016201720182019202020212022202320242025
Gross margin (%)
17.60% 14.80% 12.50% 13.20% 10.80% 10.90% 12.90% 19.60% 13.60% 4.50% 2016201720182019202020212022202320242025
Operating margin (%)
11.00% 7.40% 4.90% 6.20% -5.80% 1.90% 6.70% 12.30% -18.30% 19.90% 2016201720182019202020212022202320242025
Return on equity (%)
25.30% 22.00% 14.70% 17.20% -24.10% 0.40% 28.20% 42.10% -150.40% 57.60% 2016201720182019202020212022202320242025
Shares outstanding
65.8M 62.6M 58.4M 55.3M 52.9M 51.6M 49.9M 48.0M 44.4M 41.7M 2016201720182019202020212022202320242025
Net debt ($)
$75.6M $365.7M $378.0M $319.7M $236.2M $361.3M $341.8M $220.7M $284.5M $413.1M 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
13.30% 8.20% 5.30% 6.90% -8.40% 0.10% 9.30% 17.00% -20.10% 18.10% 2016201720182019202020212022202320242025
Free cash flow margin (%)
8.60% 6.70% 3.50% 4.70% 7.00% -3.10% 2.70% 8.70% 2.30% -0.80% 2016201720182019202020212022202320242025
Debt / equity (×)
0.51× 1.10× 1.08× 0.88× 1.12× 1.33× 1.01× 0.73× 2.12× 1.21× 2016201720182019202020212022202320242025
EPS ($)
$1.82 $1.78 $1.19 $1.62 -$1.84 $0.02 $2.25 $4.81 -$6.40 $5.07 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

WABASH NATIONAL Corp trades at about 2.5× earnings — below its 10-year norm (10-year range 2×–981×, median 11.4×).

2× 981×

Shaded band = 10-year range (2×–981×); dot = today's 2.5×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Gross margin4.5%13.6%19.6%12.9%10.9%10.8%13.2%12.5%14.8%17.6%
Operating margin19.9%-18.3%12.3%6.7%1.9%-5.8%6.2%4.9%7.4%11.0%
Net margin13.7%-14.6%9.1%4.5%0.1%-6.6%3.9%3.1%6.3%6.5%
FCF margin-0.8%2.3%8.7%2.7%-3.1%7.0%4.7%3.5%6.7%8.6%
Return on assets18.1%-20.1%17.0%9.3%0.1%-8.4%6.9%5.3%8.2%13.3%
Return on equity57.6%-150.4%42.1%28.2%0.4%-24.1%17.2%14.7%22.0%25.3%
Debt / equity1.21×2.12×0.73×1.01×1.33×1.12×0.88×1.08×1.10×0.51×
Current ratio1.391.931.931.711.832.312.092.022.032.89

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.