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Side-by-side financial comparison of WABASH NATIONAL Corp (WNC) and WESBANCO INC (WSBC). Click either name above to swap in a different company.

WABASH NATIONAL Corp is the larger business by last-quarter revenue ($303.2M vs $257.2M, roughly 1.2× WESBANCO INC). Over the past eight quarters, WESBANCO INC's revenue compounded faster (31.9% CAGR vs -25.8%).

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...

WesBanco, Inc., is a bank holding company headquartered in Wheeling, West Virginia, United States. It has over 200 branches in West Virginia, Ohio, Western Pennsylvania, Kentucky, Maryland, and Southern Indiana.

WNC vs WSBC — Head-to-Head

Bigger by revenue
WNC
WNC
1.2× larger
WNC
$303.2M
$257.2M
WSBC
Faster 2-yr revenue CAGR
WSBC
WSBC
Annualised
WSBC
31.9%
-25.8%
WNC

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
WNC
WNC
WSBC
WSBC
Revenue
$303.2M
$257.2M
Net Profit
$88.6M
Gross Margin
2.8%
Operating Margin
1.3%
Net Margin
34.5%
Revenue YoY
-20.4%
Net Profit YoY
54.4%
EPS (diluted)
$-1.11
$0.88

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
WNC
WNC
WSBC
WSBC
Q1 26
$303.2M
$257.2M
Q4 25
$321.5M
$265.6M
Q3 25
$381.6M
$261.6M
Q2 25
$458.8M
$260.7M
Q1 25
$380.9M
$193.2M
Q4 24
$416.8M
$162.9M
Q3 24
$464.0M
$150.8M
Q2 24
$550.6M
$147.9M
Net Profit
WNC
WNC
WSBC
WSBC
Q1 26
$88.6M
Q4 25
$-49.9M
$91.1M
Q3 25
$40.0M
$83.6M
Q2 25
$-9.6M
$57.4M
Q1 25
$230.9M
$-9.0M
Q4 24
$-1.0M
$49.6M
Q3 24
$-330.2M
$37.3M
Q2 24
$29.0M
$28.9M
Gross Margin
WNC
WNC
WSBC
WSBC
Q1 26
2.8%
Q4 25
-1.9%
Q3 25
4.1%
Q2 25
9.0%
Q1 25
5.0%
Q4 24
10.3%
Q3 24
12.1%
Q2 24
16.3%
Operating Margin
WNC
WNC
WSBC
WSBC
Q1 26
1.3%
Q4 25
-18.6%
43.2%
Q3 25
15.1%
39.5%
Q2 25
-1.0%
27.2%
Q1 25
82.6%
-5.0%
Q4 24
0.9%
38.0%
Q3 24
-93.3%
29.7%
Q2 24
7.9%
23.7%
Net Margin
WNC
WNC
WSBC
WSBC
Q1 26
34.5%
Q4 25
-15.5%
34.3%
Q3 25
10.5%
31.9%
Q2 25
-2.1%
22.0%
Q1 25
60.6%
-4.7%
Q4 24
-0.2%
30.5%
Q3 24
-71.2%
24.7%
Q2 24
5.3%
19.5%
EPS (diluted)
WNC
WNC
WSBC
WSBC
Q1 26
$-1.11
$0.88
Q4 25
$-1.03
$0.97
Q3 25
$0.97
$0.84
Q2 25
$-0.23
$0.57
Q1 25
$5.36
$-0.15
Q4 24
$0.10
$0.72
Q3 24
$-7.53
$0.54
Q2 24
$0.64
$0.44

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
WNC
WNC
WSBC
WSBC
Cash + ST InvestmentsLiquidity on hand
$43.4M
Total DebtLower is stronger
$498.0M
Stockholders' EquityBook value
$4.1B
Total Assets
$1.2B
$27.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
WNC
WNC
WSBC
WSBC
Q1 26
$43.4M
Q4 25
$31.9M
$956.1M
Q3 25
$91.7M
$1.0B
Q2 25
$57.4M
$1.2B
Q1 25
$81.0M
$1.1B
Q4 24
$115.5M
$568.1M
Q3 24
$81.8M
$620.9M
Q2 24
$77.3M
$486.8M
Total Debt
WNC
WNC
WSBC
WSBC
Q1 26
$498.0M
Q4 25
Q3 25
$425.0M
Q2 25
$440.0M
Q1 25
$420.0M
Q4 24
$400.0M
Q3 24
$400.0M
Q2 24
$400.0M
Stockholders' Equity
WNC
WNC
WSBC
WSBC
Q1 26
$4.1B
Q4 25
$367.4M
$4.0B
Q3 25
$418.7M
$4.1B
Q2 25
$385.2M
$3.8B
Q1 25
$403.8M
$3.8B
Q4 24
$188.8M
$2.8B
Q3 24
$200.5M
$2.8B
Q2 24
$550.4M
$2.5B
Total Assets
WNC
WNC
WSBC
WSBC
Q1 26
$1.2B
$27.5B
Q4 25
$1.2B
$27.7B
Q3 25
$1.3B
$27.5B
Q2 25
$1.4B
$27.6B
Q1 25
$1.4B
$27.4B
Q4 24
$1.4B
$18.7B
Q3 24
$1.5B
$18.5B
Q2 24
$1.3B
$18.1B
Debt / Equity
WNC
WNC
WSBC
WSBC
Q1 26
Q4 25
Q3 25
1.01×
Q2 25
1.14×
Q1 25
1.04×
Q4 24
2.12×
Q3 24
1.99×
Q2 24
0.73×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
WNC
WNC
WSBC
WSBC
Operating Cash FlowLast quarter
$-33.7M
Free Cash FlowOCF − Capex
$-37.3M
FCF MarginFCF / Revenue
-12.3%
Capex IntensityCapex / Revenue
1.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-41.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
WNC
WNC
WSBC
WSBC
Q1 26
$-33.7M
Q4 25
$-57.4M
$290.4M
Q3 25
$85.2M
$116.9M
Q2 25
$-15.8M
$105.0M
Q1 25
$-272.0K
$-26.4M
Q4 24
$80.9M
$211.0M
Q3 24
$42.8M
$60.7M
Q2 24
$11.0M
$18.2M
Free Cash Flow
WNC
WNC
WSBC
WSBC
Q1 26
$-37.3M
Q4 25
$-61.9M
$280.0M
Q3 25
$79.9M
$114.9M
Q2 25
$-22.1M
$98.3M
Q1 25
$-9.0M
$-30.7M
Q4 24
$59.5M
$200.7M
Q3 24
$28.2M
$56.9M
Q2 24
$-6.1M
$17.3M
FCF Margin
WNC
WNC
WSBC
WSBC
Q1 26
-12.3%
Q4 25
-19.3%
105.4%
Q3 25
20.9%
43.9%
Q2 25
-4.8%
37.7%
Q1 25
-2.4%
-15.9%
Q4 24
14.3%
123.2%
Q3 24
6.1%
37.7%
Q2 24
-1.1%
11.7%
Capex Intensity
WNC
WNC
WSBC
WSBC
Q1 26
1.1%
Q4 25
1.4%
3.9%
Q3 25
1.4%
0.8%
Q2 25
1.4%
2.6%
Q1 25
2.3%
2.2%
Q4 24
5.1%
6.3%
Q3 24
3.1%
2.5%
Q2 24
3.1%
0.6%
Cash Conversion
WNC
WNC
WSBC
WSBC
Q1 26
Q4 25
3.19×
Q3 25
2.13×
1.40×
Q2 25
1.83×
Q1 25
-0.00×
Q4 24
4.25×
Q3 24
1.63×
Q2 24
0.38×
0.63×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

WNC
WNC

Segment breakdown not available.

WSBC
WSBC

Net Interest Income$215.4M84%
Noninterest Income$41.8M16%

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