WABASH NATIONAL CorpWNCEarnings & Financial Report
Wabash is an American diversified industrial manufacturing company and one of North America's largest producers of semi-trailers and truck bodies. The company specializes in the design and production of dry freight vans, refrigerated vans, platform trailers, liquid tank trailers, truck bodies and composite products. Its products are sold primarily under the Wabash brand name since 2022. Prior to 2022, products were sold under: Wabash National, Transcraft, Benson, Walker Transport, Brenner Tan...
WNC Q4 2025 Key Financial Metrics
Revenue
$321.5M
Gross Profit
$-6.2M
Operating Profit
$-59.9M
Net Profit
$-49.9M
Gross Margin
-1.9%
Operating Margin
-18.6%
Net Margin
-15.5%
YoY Growth
-22.9%
EPS
$-1.03
Financial Flow
WABASH NATIONAL Corp Q4 2025 Financial Summary
WABASH NATIONAL Corp reported revenue of $321.5M for Q4 2025, with a net profit of $-49.9M (-15.5% margin). Cost of goods sold was $327.7M, operating expenses totaled $53.7M.
Key Financial Metrics
| Total Revenue | $321.5M |
|---|---|
| Net Profit | $-49.9M |
| Gross Margin | -1.9% |
| Operating Margin | -18.6% |
| Report Period | Q4 2025 |
WABASH NATIONAL Corp Annual Revenue by Year
WABASH NATIONAL Corp annual revenue history includes year-by-year totals (for example, 2025 revenue was $1.5B).
| Year | Annual Revenue |
|---|---|
| 2025 | $1.5B |
| 2024 | $1.9B |
| 2023 | $2.5B |
| 2022 | $2.5B |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $515.3M | $550.6M | $464.0M | $416.8M | $380.9M | $458.8M | $381.6M | $321.5M |
| YoY Growth | -17.0% | -19.8% | -26.7% | -30.1% | -26.1% | -16.7% | -17.8% | -22.9% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $1.38B | $1.34B | $1.46B | $1.41B | $1.42B | $1.38B | $1.35B | $1.17B |
| Liabilities | $832.3M | $788.5M | $1.25B | $1.22B | $1.01B | $989.6M | $929.8M | $802.6M |
| Equity | $546.1M | $550.4M | $200.5M | $188.8M | $403.8M | $385.2M | $418.7M | $367.4M |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-17.4M | $11.0M | $42.8M | $80.9M | $-272000 | $-15.8M | $85.2M | $-57.4M |
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