Wabash National (WNC) Financials

$8.96 +0.31 (+3.52%)

Closing price 03:59 PM Eastern

Extended Trading

$8.95 -0.02 (-0.17%)

As of 06:30 PM Eastern

Annual Income Statements for Wabash National

This table shows Wabash National's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Income / (Loss) Attributable to Common Shareholders	-284	231	112
Consolidated Net Income / (Loss)	-283	232	113
Net Income / (Loss) Continuing Operations	-283	232	113
Total Pre-Tax Income	-377	295	146
Total Operating Income	-356	312	167
Total Gross Profit	265	498	323
Total Revenue	1,947	2,537	2,502
Operating Revenue	1,947	2,537	2,502
Total Cost of Revenue	1,682	2,038	2,179
Operating Cost of Revenue	1,682	2,038	2,179
Total Operating Expenses	621	186	156
Selling, General & Admin Expense	609	173	140
Amortization Expense	12	13	15
Impairment Charge	0.48	0.24	0.69
Total Other Income / (Expense), net	-20	-17	-20
Interest Expense	20	20	21
Interest & Investment Income	-6.09	-0.80	0.00
Other Income / (Expense), net	5.43	3.39	0.32
Income Tax Expense	-94	63	34
Net Income / (Loss) Attributable to Noncontrolling Interest	1.00	0.60	0.51
Basic Earnings per Share	($6.40)	$4.92	$2.31
Weighted Average Basic Shares Outstanding	44.36M	47.01M	48.63M
Diluted Earnings per Share	($6.40)	$4.81	$2.25
Weighted Average Diluted Shares Outstanding	44.36M	48.03M	49.88M
Weighted Average Basic & Diluted Shares Outstanding	42.45M	45.09M	47.51M
Cash Dividends to Common per Share	$0.32	$0.32	$0.32

This table shows Wabash National's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	-1.03	-330	29	18	50	55	74	51	41	36
Consolidated Net Income / (Loss)	-0.69	-330	29	18	51	55	74	51	42	36
Net Income / (Loss) Continuing Operations	-0.69	-330	29	18	51	55	74	51	42	36
Total Pre-Tax Income	-2.00	-438	39	25	57	74	99	65	53	47
Total Operating Income	3.59	-433	44	30	61	78	103	70	58	53
Total Gross Profit	43	56	90	76	108	123	151	116	95	92
Total Revenue	417	464	551	515	596	633	687	621	657	655
Operating Revenue	417	464	551	515	596	633	687	621	657	655
Total Cost of Revenue	374	408	461	439	488	510	536	505	563	563
Operating Cost of Revenue	374	408	461	439	488	510	536	505	563	563
Total Operating Expenses	39	489	46	47	47	45	48	46	37	39
Selling, General & Admin Expense	37	486	42	44	44	42	45	43	34	36
Amortization Expense	2.91	2.91	2.99	3.16	3.20	3.20	3.20	3.20	3.19	3.18
Total Other Income / (Expense), net	-5.59	-5.25	-4.79	-4.87	-4.06	-4.09	-4.51	-4.61	-4.29	-5.39
Interest Expense	4.95	4.96	4.95	4.99	4.94	4.93	4.99	4.99	5.18	5.21
Interest & Investment Income	-1.51	-1.68	-1.42	-1.49	-0.80	0.00	0.00	0.00	-	-
Other Income / (Expense), net	0.87	1.38	1.57	1.61	1.69	0.84	0.48	0.39	0.90	-0.18
Income Tax Expense	-1.31	-108	9.77	6.42	6.54	18	24	14	12	11
Net Income / (Loss) Attributable to Noncontrolling Interest	0.34	0.29	0.25	0.12	0.12	0.15	0.15	0.18	0.14	0.19
Basic Earnings per Share	$0.08	($7.53)	$0.65	$0.40	$1.10	$1.18	$1.57	$1.07	$0.85	$0.75
Weighted Average Basic Shares Outstanding	44.36M	43.83M	44.90M	45.38M	47.01M	46.91M	47.45M	47.77M	48.63M	48.52M
Diluted Earnings per Share	$0.10	($7.53)	$0.64	$0.39	$1.07	$1.16	$1.54	$1.04	$0.82	$0.73
Weighted Average Diluted Shares Outstanding	44.36M	43.83M	45.37M	46.25M	48.03M	47.76M	48.37M	49.14M	49.88M	49.40M
Weighted Average Basic & Diluted Shares Outstanding	42.45M	43.34M	44.00M	45.02M	45.09M	46.09M	47.00M	47.48M	47.51M	47.94M
Cash Dividends to Common per Share	$0.08	$0.08	$0.08	$0.08	$0.08	$0.08	$0.08	$0.08	$0.08	$0.08

This table details how cash moves in and out of Wabash National's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Change in Cash & Equivalents	-64	121	-14
Net Cash From Operating Activities	117	320	124
Net Cash From Continuing Operating Activities	117	320	124
Net Income / (Loss) Continuing Operations	-283	232	113
Consolidated Net Income / (Loss)	-283	232	113
Depreciation Expense	45	33	32
Amortization Expense	12	13	15
Non-Cash Adjustments To Reconcile Net Income	19	14	11
Changes in Operating Assets and Liabilities, net	325	29	-47
Net Cash From Investing Activities	-95	-106	-55
Net Cash From Continuing Investing Activities	-95	-106	-55
Purchase of Property, Plant & Equipment	-79	-104	-57
Acquisitions	-20	-2.45	0.00
Other Investing Activities, net	4.45	0.15	1.78
Net Cash From Financing Activities	-86	-93	-82
Net Cash From Continuing Financing Activities	-86	-93	-82
Repayment of Debt	-0.89	-104	-132
Repurchase of Common Equity	-71	-76	-34
Payment of Dividends	-15	-16	-16
Issuance of Debt	0.88	104	98
Other Financing Activities, net	0.03	0.16	2.17
Cash Interest Paid	19	19	20
Cash Income Taxes Paid	30	83	18

This table details how cash moves in and out of Wabash National's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	34	4.56	-39	-63	74	6.50	31	10	-23	-57
Net Cash From Operating Activities	81	43	11	-17	115	58	77	69	52	-11
Net Cash From Continuing Operating Activities	81	43	11	-17	115	58	77	69	52	-11
Net Income / (Loss) Continuing Operations	-0.69	-330	29	18	51	55	74	51	42	36
Consolidated Net Income / (Loss)	-0.69	-330	29	18	51	55	74	51	42	36
Depreciation Expense	14	11	11	9.58	9.43	9.32	7.27	6.49	6.52	8.76
Amortization Expense	2.91	2.91	2.99	3.16	3.20	3.20	3.20	3.20	3.19	3.18
Non-Cash Adjustments To Reconcile Net Income	2.69	6.18	5.03	4.97	4.11	3.51	3.15	3.01	2.60	3.30
Changes in Operating Assets and Liabilities, net	62	353	-37	-53	48	-13	-11	5.38	-1.98	-62
Net Cash From Investing Activities	-35	-16	-24	-19	-17	-30	-28	-31	-14	-20
Net Cash From Continuing Investing Activities	-35	-16	-24	-19	-17	-30	-28	-31	-14	-20
Purchase of Property, Plant & Equipment	-27	-16	-17	-19	-15	-30	-28	-31	-15	-20
Acquisitions	-9.90	-3.10	-	-	-2.45	-	-	-	-	-
Other Investing Activities, net	1.60	-	-	-	0.15	-	-	-	0.34	-
Net Cash From Financing Activities	-12	-22	-25	-27	-24	-22	-19	-28	-61	-27
Net Cash From Continuing Financing Activities	-12	-22	-25	-27	-24	-22	-19	-28	-61	-27
Repayment of Debt	-0.20	-0.26	-0.20	-0.24	-0.21	-0.27	-60	-43	-73	-27
Repurchase of Common Equity	-8.64	-18	-22	-22	-20	-18	-14	-24	-9.74	-11
Payment of Dividends	-3.47	-3.53	-3.62	-4.75	-3.70	-3.79	-4.33	-4.55	-3.84	-3.90
Issuance of Debt	0.20	0.26	0.20	0.23	0.21	0.26	60	43	25	16
Other Financing Activities, net	0.02	-	-	0.01	-	-	0.01	0.14	0.98	0.51
Cash Interest Paid	9.19	0.20	9.20	0.20	9.20	0.20	9.31	0.23	9.45	0.50
Cash Income Taxes Paid	-5.63	12	24	-0.04	13	29	41	-0.02	16	5.24

This table presents Wabash National's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Total Assets	1,412	1,363	1,204
Total Current Assets	594	681	593
Cash & Equivalents	115	179	58
Accounts Receivable	144	183	256
Inventories, net	259	268	244
Prepaid Expenses	76	51	35
Plant, Property, & Equipment, net	339	325	271
Total Noncurrent Assets	478	356	340
Long-Term Investments	7.25	1.65	0.00
Goodwill	188	188	188
Intangible Assets	74	86	99
Noncurrent Deferred & Refundable Income Taxes	95	0.00	-
Other Noncurrent Operating Assets	113	80	52
Total Liabilities & Shareholders' Equity	1,412	1,363	1,204
Total Liabilities	1,222	813	805
Total Current Liabilities	308	352	347
Short-Term Debt	0.00	0.00	0.00
Accounts Payable	147	157	189
Accrued Expenses	162	196	158
Total Noncurrent Liabilities	913	461	458
Long-Term Debt	397	396	396
Noncurrent Deferred & Payable Income Tax Liabilities	0.00	17	28
Other Noncurrent Operating Liabilities	516	47	34
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	190	550	398
Total Preferred & Common Equity	189	549	398
Total Common Equity	189	549	398
Common Stock	690	679	667
Retained Earnings	106	404	188
Treasury Stock	-604	-533	-456
Accumulated Other Comprehensive Income / (Loss)	-3.23	-0.43	-0.88
Noncontrolling Interest	1.00	0.60	0.51

This table presents Wabash National's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	1,455	1,339	1,379	1,389	1,385	1,309	1,269
Total Current Assets	639	644	687	721	728	683	675
Cash & Equivalents	82	77	116	105	99	68	81
Accounts Receivable	239	243	248	211	232	257	248
Inventories, net	261	273	279	344	342	316	310
Prepaid Expenses	58	51	45	60	55	42	35
Plant, Property, & Equipment, net	343	332	336	319	314	289	252
Total Noncurrent Assets	473	364	355	349	342	337	342
Long-Term Investments	0.00	0.00	0.16	-	-	-	-
Goodwill	188	188	188	188	188	188	188
Intangible Assets	77	80	83	90	93	96	102
Noncurrent Deferred & Refundable Income Taxes	98	-	-	-	-	-	-
Other Noncurrent Operating Assets	109	95	84	71	61	53	52
Total Liabilities & Shareholders' Equity	1,455	1,339	1,379	1,389	1,385	1,309	1,269
Total Liabilities	1,254	789	832	870	904	884	909
Total Current Liabilities	339	323	369	393	433	424	397
Short-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Accounts Payable	188	175	212	205	231	251	239
Accrued Expenses	152	148	157	188	202	174	158
Total Noncurrent Liabilities	915	465	464	477	470	460	511
Long-Term Debt	397	397	397	396	396	396	444
Noncurrent Deferred & Payable Income Tax Liabilities	0.00	13	14	37	33	28	33
Other Noncurrent Operating Liabilities	518	55	54	44	41	36	35
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	201	551	546	519	481	425	360
Total Preferred & Common Equity	201	550	546	519	481	424	360
Total Common Equity	201	550	546	519	481	424	360
Common Stock	689	685	682	676	673	670	663
Retained Earnings	110	444	419	357	306	235	151
Treasury Stock	-595	-576	-555	-512	-494	-480	-447
Accumulated Other Comprehensive Income / (Loss)	-3.13	-2.10	0.03	-1.93	-3.00	-0.55	-7.47
Noncontrolling Interest	0.66	0.37	0.12	0.48	0.33	0.70	0.37

This table displays calculated financial ratios and metrics derived from Wabash National's official financial filings.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Growth Metrics	-	-	-
Revenue Growth	-23.25%	1.37%	38.76%
EBITDA Growth	-181.43%	68.59%	192.01%
EBIT Growth	-211.20%	88.87%	583.76%
NOPAT Growth	-201.56%	91.25%	324.01%
Net Income Growth	-222.09%	105.60%	9,588.14%
EPS Growth	-233.06%	113.78%	11,150.00%
Operating Cash Flow Growth	-63.31%	157.57%	1,761.10%
Free Cash Flow Firm Growth	-75.80%	188.44%	550.08%
Invested Capital Growth	-39.37%	4.07%	7.86%
Revenue Q/Q Growth	-8.43%	-2.36%	7.67%
EBITDA Q/Q Growth	-22.72%	2.01%	64.46%
EBIT Q/Q Growth	-19.95%	1.34%	106.65%
NOPAT Q/Q Growth	-19.26%	3.84%	87.05%
Net Income Q/Q Growth	-22.08%	3.99%	145.92%
EPS Q/Q Growth	-17.86%	5.48%	141.94%
Operating Cash Flow Q/Q Growth	-22.54%	24.59%	-10.68%
Free Cash Flow Firm Q/Q Growth	-38.56%	44.79%	-26.68%
Invested Capital Q/Q Growth	-10.09%	-5.50%	1.80%
Profitability Metrics	-	-	-
Gross Margin	13.62%	19.64%	12.90%
EBITDA Margin	-15.09%	14.22%	8.55%
Operating Margin	-18.29%	12.30%	6.66%
EBIT Margin	-18.01%	12.43%	6.67%
Profit (Net Income) Margin	-14.54%	9.14%	4.51%
Tax Burden Percent	75.17%	78.68%	77.01%
Interest Burden Percent	107.39%	93.45%	87.71%
Effective Tax Rate	0.00%	21.32%	22.99%
Return on Invested Capital (ROIC)	-40.54%	32.70%	18.10%
ROIC Less NNEP Spread (ROIC-NNEP)	-54.33%	27.78%	13.62%
Return on Net Nonoperating Assets (RNNOA)	-35.98%	16.21%	13.06%
Return on Equity (ROE)	-76.51%	48.90%	31.17%
Cash Return on Invested Capital (CROIC)	8.48%	28.71%	10.54%
Operating Return on Assets (OROA)	-25.28%	24.58%	14.45%
Return on Assets (ROA)	-20.41%	18.07%	9.76%
Return on Common Equity (ROCE)	-76.35%	48.85%	31.14%
Return on Equity Simple (ROE_SIMPLE)	-149.91%	42.19%	28.36%
Net Operating Profit after Tax (NOPAT)	-249	245	128
NOPAT Margin	-12.80%	9.68%	5.13%
Net Nonoperating Expense Percent (NNEP)	13.80%	4.91%	4.48%
Return On Investment Capital (ROIC_SIMPLE)	-42.47%	25.93%	16.16%
Cost of Revenue to Revenue	86.38%	80.36%	87.10%
SG&A Expenses to Revenue	31.27%	6.83%	5.60%
R&D to Revenue	0.00%	0.00%	0.00%
Operating Expenses to Revenue	31.91%	7.34%	6.24%
Earnings before Interest and Taxes (EBIT)	-351	315	167
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-294	361	214
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	3.91	2.11	2.64
Price to Tangible Book Value (P/TBV)	0.00	4.22	9.54
Price to Revenue (P/Rev)	0.38	0.46	0.42
Price to Earnings (P/E)	0.00	5.01	9.34
Dividend Yield	2.35%	1.27%	1.46%
Earnings Yield	0.00%	19.96%	10.70%
Enterprise Value to Invested Capital (EV/IC)	2.18	1.80	1.89
Enterprise Value to Revenue (EV/Rev)	0.52	0.54	0.55
Enterprise Value to EBITDA (EV/EBITDA)	0.00	3.81	6.48
Enterprise Value to EBIT (EV/EBIT)	0.00	4.36	8.31
Enterprise Value to NOPAT (EV/NOPAT)	0.00	5.60	10.81
Enterprise Value to Operating Cash Flow (EV/OCF)	8.65	4.30	11.18
Enterprise Value to Free Cash Flow (EV/FCFF)	19.45	6.38	18.56
Leverage & Solvency	-	-	-
Debt to Equity	2.09	0.72	0.99
Long-Term Debt to Equity	2.09	0.72	0.99
Financial Leverage	0.66	0.58	0.96
Leverage Ratio	3.75	2.71	3.19
Compound Leverage Factor	4.03	2.53	2.80
Debt to Total Capital	67.66%	41.88%	49.85%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	67.66%	41.88%	49.85%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.17%	0.06%	0.06%
Common Equity to Total Capital	32.17%	58.05%	50.08%
Debt to EBITDA	-1.35	1.10	1.85
Net Debt to EBITDA	-0.93	0.60	1.58
Long-Term Debt to EBITDA	-1.35	1.10	1.85
Debt to NOPAT	-1.59	1.62	3.08
Net Debt to NOPAT	-1.10	0.88	2.63
Long-Term Debt to NOPAT	-1.59	1.62	3.08
Altman Z-Score	1.27	4.19	3.78
Noncontrolling Interest Sharing Ratio	0.22%	0.12%	0.07%
Liquidity Ratios	-	-	-
Current Ratio	1.93	1.93	1.71
Quick Ratio	0.84	1.03	0.90
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	52	215	75
Operating Cash Flow to CapEx	148.19%	308.07%	217.36%
Free Cash Flow to Firm to Interest Expense	2.63	10.85	3.64
Operating Cash Flow to Interest Expense	5.91	16.10	6.05
Operating Cash Flow Less CapEx to Interest Expense	1.92	10.87	3.26
Efficiency Ratios	-	-	-
Asset Turnover	1.40	1.98	2.17
Accounts Receivable Turnover	11.91	11.57	11.58
Inventory Turnover	6.39	7.97	9.05
Fixed Asset Turnover	5.86	8.50	9.94
Accounts Payable Turnover	11.09	11.79	12.00
Days Sales Outstanding (DSO)	30.65	31.55	31.52
Days Inventory Outstanding (DIO)	57.13	45.80	40.32
Days Payable Outstanding (DPO)	32.92	30.96	30.40
Cash Conversion Cycle (CCC)	54.86	46.40	41.43
Capital & Investment Metrics	-	-	-
Invested Capital	464	766	736
Invested Capital Turnover	3.17	3.38	3.53
Increase / (Decrease) in Invested Capital	-301	30	54
Enterprise Value (EV)	1,014	1,375	1,387
Market Capitalization	739	1,159	1,049
Book Value per Share	$4.36	$11.92	$8.29
Tangible Book Value per Share	($1.71)	$5.96	$2.29
Total Capital	587	947	794
Total Debt	397	396	396
Total Long-Term Debt	397	396	396
Net Debt	274	216	338
Capital Expenditures (CapEx)	79	104	57
Debt-free, Cash-free Net Working Capital (DFCFNWC)	171	150	187
Debt-free Net Working Capital (DFNWC)	286	329	245
Net Working Capital (NWC)	286	329	245
Net Nonoperating Expense (NNE)	34	14	16
Net Nonoperating Obligations (NNO)	274	216	338
Total Depreciation and Amortization (D&A)	57	45	47
Debt-free, Cash-free Net Working Capital to Revenue	8.76%	5.91%	7.47%
Debt-free Net Working Capital to Revenue	14.70%	12.98%	9.80%
Net Working Capital to Revenue	14.70%	12.98%	9.80%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	($6.40)	$4.92	$2.31
Adjusted Weighted Average Basic Shares Outstanding	44.36M	47.01M	48.63M
Adjusted Diluted Earnings per Share	($6.40)	$4.81	$2.25
Adjusted Weighted Average Diluted Shares Outstanding	44.36M	48.03M	49.88M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	42.45M	45.09M	47.51M
Normalized Net Operating Profit after Tax (NOPAT)	-249	246	129
Normalized NOPAT Margin	-12.79%	9.68%	5.15%
Pre Tax Income Margin	-19.35%	11.62%	5.85%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	-17.68	15.88	8.13
NOPAT to Interest Expense	-12.56	12.36	6.25
EBIT Less CapEx to Interest Expense	-21.66	10.66	5.35
NOPAT Less CapEx to Interest Expense	-16.55	7.14	3.47
Payout Ratios	-	-	-
Dividend Payout Ratio	-5.43%	7.06%	14.21%
Augmented Payout Ratio	-30.48%	39.93%	44.61%

This table displays calculated financial ratios and metrics derived from Wabash National's official financial filings.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-30.08%	-26.67%	-19.81%	-17.02%	-9.33%	-3.41%	6.82%	13.57%	37.18%	35.76%
EBITDA Growth	-72.10%	-559.02%	-48.31%	-45.09%	10.39%	40.79%	139.82%	139.99%	540.00%	109.60%
EBIT Growth	-92.90%	-650.00%	-56.32%	-55.63%	7.11%	48.93%	191.69%	250.31%	312.78%	184.92%
NOPAT Growth	-95.36%	-617.58%	-57.89%	-60.22%	20.37%	44.67%	189.59%	242.91%	444.79%	154.68%
Net Income Growth	-101.37%	-694.57%	-60.79%	-64.42%	21.40%	52.60%	227.52%	325.68%	264.35%	230.27%
EPS Growth	-90.65%	-749.14%	-58.44%	-62.50%	30.49%	58.90%	234.78%	333.33%	264.00%	231.82%
Operating Cash Flow Growth	-29.67%	-26.59%	-85.66%	-125.06%	121.48%	653.97%	-34.45%	301.01%	-22.22%	82.80%
Free Cash Flow Firm Growth	1,158.59%	68.07%	-26.63%	-193.15%	378.14%	-139.25%	-181.46%	199.69%	85.51%	174.02%
Invested Capital Growth	-39.37%	-36.27%	11.76%	9.83%	4.07%	12.11%	19.00%	-0.13%	7.86%	-4.40%
Revenue Q/Q Growth	-10.18%	-15.72%	6.86%	-13.56%	-5.80%	-7.83%	10.58%	-5.55%	0.35%	1.93%
EBITDA Q/Q Growth	105.04%	-807.33%	34.46%	-41.77%	-17.12%	-20.35%	42.85%	17.07%	5.70%	35.68%
EBIT Q/Q Growth	101.03%	-1,052.12%	45.38%	-50.34%	-19.99%	-24.38%	47.66%	19.90%	11.24%	48.10%
NOPAT Q/Q Growth	100.83%	-1,024.31%	49.83%	-59.54%	-7.63%	-24.80%	41.53%	22.44%	11.01%	50.54%
Net Income Q/Q Growth	99.79%	-1,229.55%	59.70%	-63.79%	-8.97%	-25.50%	44.90%	23.55%	14.43%	59.88%
EPS Q/Q Growth	101.33%	-1,276.56%	64.10%	-63.55%	-7.76%	-24.68%	48.08%	26.83%	12.33%	58.70%
Operating Cash Flow Q/Q Growth	89.09%	288.10%	163.31%	-115.14%	97.38%	-24.18%	10.60%	33.81%	593.71%	-108.97%
Free Cash Flow Firm Q/Q Growth	3,386.85%	84.28%	-12.81%	-315.89%	183.39%	37.65%	-182.99%	744.62%	-111.77%	29.39%
Invested Capital Q/Q Growth	-10.09%	-40.68%	5.25%	8.00%	-5.50%	4.04%	3.43%	2.33%	1.80%	10.43%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	10.31%	12.07%	16.28%	14.84%	18.16%	19.42%	22.00%	18.69%	14.39%	14.04%
EBITDA Margin	5.05%	-90.01%	10.73%	8.52%	12.65%	14.38%	16.64%	12.88%	10.39%	9.87%
Operating Margin	0.86%	-93.32%	7.95%	5.74%	10.25%	12.27%	15.05%	11.26%	8.78%	8.07%
EBIT Margin	1.07%	-93.02%	8.23%	6.05%	10.53%	12.40%	15.12%	11.32%	8.92%	8.04%
Profit (Net Income) Margin	-0.17%	-71.09%	5.30%	3.55%	8.47%	8.77%	10.85%	8.28%	6.33%	5.55%
Tax Burden Percent	34.63%	75.27%	74.94%	74.01%	88.53%	75.43%	75.38%	78.72%	77.85%	76.56%
Interest Burden Percent	-44.92%	101.54%	85.96%	79.24%	90.85%	93.72%	95.19%	92.89%	91.16%	90.11%
Effective Tax Rate	0.00%	0.00%	25.06%	25.99%	11.47%	24.57%	24.62%	21.28%	22.15%	23.44%
Return on Invested Capital (ROIC)	1.91%	-209.39%	16.58%	13.07%	30.66%	31.37%	41.47%	30.30%	24.13%	19.42%
ROIC Less NNEP Spread (ROIC-NNEP)	0.60%	-218.22%	15.41%	11.89%	29.37%	30.42%	40.36%	29.32%	23.17%	18.30%
Return on Net Nonoperating Assets (RNNOA)	0.40%	-183.62%	9.21%	7.45%	17.13%	22.59%	30.20%	28.25%	22.22%	17.94%
Return on Equity (ROE)	2.30%	-393.01%	25.79%	20.52%	47.79%	53.96%	71.68%	58.55%	46.35%	37.36%
Cash Return on Invested Capital (CROIC)	8.48%	12.79%	9.21%	17.53%	28.71%	19.42%	13.11%	22.35%	10.54%	13.78%
Operating Return on Assets (OROA)	1.50%	-139.04%	13.87%	10.95%	20.82%	24.24%	29.61%	22.64%	19.31%	15.32%
Return on Assets (ROA)	-0.23%	-106.26%	8.94%	6.42%	16.75%	17.13%	21.25%	16.56%	13.70%	10.57%
Return on Common Equity (ROCE)	2.30%	-392.39%	25.77%	20.50%	47.74%	53.91%	71.63%	58.50%	46.31%	37.34%
Return on Equity Simple (ROE_SIMPLE)	0.00%	-115.64%	27.88%	36.39%	0.00%	42.98%	42.37%	35.83%	0.00%	12.73%
Net Operating Profit after Tax (NOPAT)	2.51	-303	33	22	54	59	78	55	45	40
NOPAT Margin	0.60%	-65.32%	5.96%	4.25%	9.08%	9.25%	11.34%	8.86%	6.84%	6.18%
Net Nonoperating Expense Percent (NNEP)	1.31%	8.83%	1.16%	1.18%	1.30%	0.94%	1.11%	0.98%	0.96%	1.13%
Return On Investment Capital (ROIC_SIMPLE)	0.43%	-	-	-	5.72%	-	-	-	5.66%	-
Cost of Revenue to Revenue	89.69%	87.93%	83.72%	85.16%	81.84%	80.58%	78.00%	81.31%	85.61%	85.96%
SG&A Expenses to Revenue	8.86%	104.77%	7.61%	8.48%	7.35%	6.62%	6.48%	6.91%	5.13%	5.43%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	9.45%	105.39%	8.34%	9.10%	7.93%	7.13%	6.95%	7.43%	5.66%	5.92%
Earnings before Interest and Taxes (EBIT)	4.46	-432	45	31	63	78	104	70	59	53
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	21	-418	59	44	75	91	114	80	68	65
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.91	4.19	1.78	2.51	2.11	1.88	2.49	2.70	2.64	2.04
Price to Tangible Book Value (P/TBV)	0.00	0.00	3.48	5.00	4.22	4.05	5.99	8.18	9.54	10.60
Price to Revenue (P/Rev)	0.38	0.40	0.43	0.56	0.46	0.38	0.46	0.44	0.42	0.32
Price to Earnings (P/E)	0.00	0.00	6.41	6.92	5.01	4.39	5.89	7.56	9.34	16.15
Dividend Yield	2.35%	2.09%	1.47%	1.08%	1.27%	1.54%	1.27%	1.33%	1.46%	2.12%
Earnings Yield	0.00%	0.00%	15.60%	14.46%	19.96%	22.80%	16.97%	13.22%	10.70%	6.19%
Enterprise Value to Invested Capital (EV/IC)	2.18	2.24	1.49	2.00	1.80	1.56	1.92	1.96	1.89	1.52
Enterprise Value to Revenue (EV/Rev)	0.52	0.54	0.57	0.68	0.54	0.49	0.57	0.57	0.55	0.47
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	4.82	5.09	3.81	3.58	4.57	5.65	6.48	8.43
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	5.97	5.98	4.36	4.07	5.24	6.78	8.31	13.58
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	7.76	7.77	5.60	5.36	6.85	8.80	10.81	15.99
Enterprise Value to Operating Cash Flow (EV/OCF)	8.65	7.64	7.79	7.10	4.30	4.94	7.96	6.46	11.18	7.90
Enterprise Value to Free Cash Flow (EV/FCFF)	19.45	13.63	17.11	11.93	6.38	8.51	15.91	8.75	18.56	10.76
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	2.09	1.97	0.72	0.73	0.72	0.76	0.82	0.93	0.99	1.23
Long-Term Debt to Equity	2.09	1.97	0.72	0.73	0.72	0.76	0.82	0.93	0.99	1.23
Financial Leverage	0.66	0.84	0.60	0.63	0.58	0.74	0.75	0.96	0.96	0.98
Leverage Ratio	3.75	3.95	2.64	2.77	2.71	3.02	3.26	3.36	3.19	3.27
Compound Leverage Factor	-1.68	4.01	2.27	2.19	2.46	2.83	3.11	3.12	2.91	2.95
Debt to Total Capital	67.66%	66.37%	41.87%	42.07%	41.88%	43.29%	45.14%	48.22%	49.85%	55.17%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	67.66%	66.37%	41.87%	42.07%	41.88%	43.29%	45.14%	48.22%	49.85%	55.17%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.17%	0.11%	0.04%	0.01%	0.06%	0.05%	0.04%	0.08%	0.06%	0.05%
Common Equity to Total Capital	32.17%	33.52%	58.09%	57.92%	58.05%	56.66%	54.82%	51.69%	50.08%	44.78%
Debt to EBITDA	-1.35	-1.66	1.47	1.22	1.10	1.12	1.21	1.52	1.85	3.41
Net Debt to EBITDA	-0.93	-1.32	1.19	0.86	0.60	0.82	0.91	1.26	1.58	2.78
Long-Term Debt to EBITDA	-1.35	-1.66	1.47	1.22	1.10	1.12	1.21	1.52	1.85	3.41
Debt to NOPAT	-1.59	-1.90	2.37	1.87	1.62	1.68	1.81	2.37	3.08	6.47
Net Debt to NOPAT	-1.10	-1.51	1.91	1.32	0.88	1.23	1.36	1.96	2.63	5.28
Long-Term Debt to NOPAT	-1.59	-1.90	2.37	1.87	1.62	1.68	1.81	2.37	3.08	6.47
Altman Z-Score	2.10	1.24	3.32	3.53	3.57	3.37	3.50	3.41	3.48	2.88
Noncontrolling Interest Sharing Ratio	0.22%	0.16%	0.07%	0.08%	0.12%	0.10%	0.06%	0.09%	0.07%	0.05%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.93	1.88	1.99	1.87	1.93	1.83	1.68	1.61	1.71	1.70
Quick Ratio	0.84	0.94	0.99	0.99	1.03	0.80	0.76	0.77	0.90	0.83
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	304	-9.25	-59	-52	24	-29	-46	56	-8.68	74
Operating Cash Flow to CapEx	301.15%	267.52%	64.44%	-90.75%	781.78%	194.43%	278.02%	221.12%	351.29%	-52.76%
Free Cash Flow to Firm to Interest Expense	61.46	-1.87	-11.89	-10.45	4.89	-5.87	-9.31	11.21	-1.67	14.16
Operating Cash Flow to Interest Expense	16.36	8.63	2.23	-3.49	23.28	11.81	15.41	13.91	10.02	-2.02
Operating Cash Flow Less CapEx to Interest Expense	10.93	5.40	-1.23	-7.34	20.30	5.74	9.87	7.62	7.17	-5.85
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.40	1.49	1.68	1.81	1.98	1.95	1.96	2.00	2.17	1.90
Accounts Receivable Turnover	11.91	9.45	9.66	9.64	11.57	11.31	11.31	9.43	11.58	10.06
Inventory Turnover	6.39	5.94	6.17	6.64	7.97	6.46	6.69	7.29	9.05	7.21
Fixed Asset Turnover	5.86	6.42	7.11	7.79	8.50	9.09	0.00	9.89	9.94	0.00
Accounts Payable Turnover	11.09	9.14	9.34	8.53	11.79	9.51	8.09	8.62	12.00	9.77
Days Sales Outstanding (DSO)	30.65	38.61	37.78	37.86	31.55	32.26	32.27	38.72	31.52	36.27
Days Inventory Outstanding (DIO)	57.13	61.48	59.19	54.98	45.80	56.48	54.57	50.07	40.32	50.61
Days Payable Outstanding (DPO)	32.92	39.93	39.10	42.79	30.96	38.37	45.13	42.32	30.40	37.36
Cash Conversion Cycle (CCC)	54.86	60.16	57.86	50.06	46.40	50.37	41.71	46.47	41.43	49.52
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	464	516	870	827	766	810	779	753	736	723
Invested Capital Turnover	3.17	3.21	2.78	3.08	3.38	3.39	3.66	3.42	3.53	3.14
Increase / (Decrease) in Invested Capital	-301	-294	92	74	30	88	124	-0.94	54	-33
Enterprise Value (EV)	1,014	1,156	1,300	1,652	1,375	1,266	1,495	1,474	1,387	1,097
Market Capitalization	739	841	980	1,371	1,159	975	1,197	1,145	1,049	734
Book Value per Share	$4.36	$4.56	$12.23	$12.03	$11.92	$11.04	$10.13	$8.93	$8.29	$7.42
Tangible Book Value per Share	($1.71)	($1.48)	$6.26	$6.05	$5.96	$5.12	$4.21	$2.95	$2.29	$1.43
Total Capital	587	598	948	943	947	915	877	821	794	804
Total Debt	397	397	397	397	396	396	396	396	396	444
Total Long-Term Debt	397	397	397	397	396	396	396	396	396	444
Net Debt	274	315	320	281	216	291	297	328	338	362
Capital Expenditures (CapEx)	27	16	17	19	15	30	28	31	15	20
Debt-free, Cash-free Net Working Capital (DFCFNWC)	171	218	243	203	150	223	196	190	187	196
Debt-free Net Working Capital (DFNWC)	286	300	321	319	329	328	295	259	245	277
Net Working Capital (NWC)	286	300	321	319	329	328	295	259	245	277
Net Nonoperating Expense (NNE)	3.20	27	3.59	3.60	3.59	3.08	3.40	3.63	3.34	4.13
Net Nonoperating Obligations (NNO)	274	315	320	281	216	291	297	328	338	362
Total Depreciation and Amortization (D&A)	17	14	14	13	13	13	10	9.70	9.70	12
Debt-free, Cash-free Net Working Capital to Revenue	8.76%	10.27%	10.60%	8.36%	5.91%	8.57%	7.49%	7.39%	7.47%	8.42%
Debt-free Net Working Capital to Revenue	14.70%	14.12%	13.97%	13.12%	12.98%	12.62%	11.26%	10.03%	9.80%	11.93%
Net Working Capital to Revenue	14.70%	14.12%	13.97%	13.12%	12.98%	12.62%	11.26%	10.03%	9.80%	11.93%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.08	($7.53)	$0.65	$0.40	$1.10	$1.18	$1.57	$1.07	$0.85	$0.75
Adjusted Weighted Average Basic Shares Outstanding	44.36M	43.83M	44.90M	45.38M	47.01M	46.91M	47.45M	47.77M	48.63M	48.52M
Adjusted Diluted Earnings per Share	$0.10	($7.53)	$0.64	$0.39	$1.07	$1.16	$1.54	$1.04	$0.82	$0.73
Adjusted Weighted Average Diluted Shares Outstanding	44.36M	43.83M	45.37M	46.25M	48.03M	47.76M	48.37M	49.14M	49.88M	49.40M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	42.45M	43.34M	44.00M	45.02M	45.09M	46.09M	47.00M	47.48M	47.51M	47.94M
Normalized Net Operating Profit after Tax (NOPAT)	2.51	-303	34	22	54	59	78	55	45	40
Normalized NOPAT Margin	0.60%	-65.33%	6.09%	4.25%	9.08%	9.25%	11.34%	8.86%	6.84%	6.18%
Pre Tax Income Margin	-0.48%	-94.45%	7.08%	4.80%	9.57%	11.62%	14.39%	10.52%	8.13%	7.25%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.90	-87.06	9.16	6.25	12.71	15.91	20.81	14.07	11.31	10.11
NOPAT to Interest Expense	0.51	-61.14	6.63	4.39	10.95	11.87	15.62	11.02	8.67	7.77
EBIT Less CapEx to Interest Expense	-4.53	-90.29	5.71	2.41	9.73	9.84	15.27	7.78	8.46	6.29
NOPAT Less CapEx to Interest Expense	-4.92	-64.36	3.17	0.54	7.97	5.80	10.07	4.73	5.82	3.94
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-5.43%	-6.73%	10.34%	8.34%	7.06%	7.41%	8.15%	10.67%	14.21%	35.20%
Augmented Payout Ratio	-30.48%	-42.35%	63.86%	45.97%	39.93%	36.85%	37.03%	43.44%	44.61%	114.27%

Frequently Asked Questions About Wabash National's Financials

When does Wabash National's fiscal year end?

According to the most recent income statement we have on file, Wabash National's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Wabash National's net income changed over the last 2 years?

Wabash National's net income appears to be on a downward trend, with a most recent value of -$283.08 million in 2024, falling from $112.77 million in 2022. The previous period was $231.86 million in 2023. See Wabash National's forecast for analyst expectations on what’s next for the company.

What is Wabash National's operating income?

Wabash National's total operating income in 2024 was -$356.10 million, based on the following breakdown:

Total Gross Profit: $265.07 million
Total Operating Expenses: $621.18 million

How has Wabash National revenue changed over the last 2 years?

Over the last 2 years, Wabash National's total revenue changed from $2.50 billion in 2022 to $1.95 billion in 2024, a change of -22.2%.

How much debt does Wabash National have?

Wabash National's total liabilities were at $1.22 billion at the end of 2024, a 50.3% increase from 2023, and a 51.7% increase since 2022.

How much cash does Wabash National have?

In the past 2 years, Wabash National's cash and equivalents has ranged from $58.25 million in 2022 to $179.27 million in 2023, and is currently $115.48 million as of their latest financial filing in 2024.

How has Wabash National's book value per share changed over the last 2 years?

Over the last 2 years, Wabash National's book value per share changed from 8.29 in 2022 to 4.36 in 2024, a change of -47.5%.

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This page (NYSE:WNC) was last updated on 5/27/2025 by MarketBeat.com Staff

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Wabash National (WNC) Financials

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