Reading the tape
NYSE: WNC
Wabash National Corporation
Industrials · Agricultural - Machinery
Market Cap
$353.46M
52w High
$12.94
52w Low
$7.50
P/E
1.67
Volume
625.26K
Outstanding Shares
40.67M
Price vs Fundamentals
Why The Stock Is Moving
Mixed / unclearLow confidence
Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.
1Y Price: 25.76%Revenue (TTM): -20.75%FCF (TTM): -128.93%P/E: 0th pct
What changed
The stock rose 25.76% over the last year. Revenue declined 20.75% over the trailing twelve months. Operating margin moved from -18.29% to 20.81%. Free cash flow declined 128.93% over the trailing twelve months.
What the market seems to be pricing
The stock has moved higher against modestly weakening underlying metrics. The operating data does not yet tell a clear story — the move may reflect sentiment, sector rotation, or macro factors rather than company-specific earnings power.
What would invalidate this read
Operating margin currently stands at 20.81%. A decisive move in revenue — currently down 20.75% — would be the clearest signal to resolve the ambiguity.
Company profile
Wabash National Corporation designs, manufactures, and distributes engineered solutions for the transportation, logistics, and distribution industries primarily in the United States.
CEOBrent L. Yeagy
SectorIndustrials
IndustryAgricultural - Machinery
Employees6,000
IPO dateNov 8, 1991
Valuation
Forward P/E—
EV/EBITDA2.12
Enterprise value$770M
Stock splits
Jul 29, 1994↑ Forward
Every 2 shares became 3
Profitability & growth
Revenue growth-22.88%
Gross margin3.81%▼72.04%vs FY2024
Operating margin20.81%▲213.77%vs FY2024
ROE57.56%▲138.26%vs FY2024
Analyst consensus
RatingHold
Target price$17.50▲101.38%
4
Buy
12
Hold
2
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
May 1, 2026
Q2 FY26 · EPS est -$1.01 · Revenue est $319.03M
View
Dividends
$0.32/shareQuarterly5yr growth streakAt RiskWNC pays a dividend with a 3.68% dividend yield, 5 consecutive years of growth, growing at 5.92% annually, covered -0.9× by free cash flow.
Dividend Yield
3.68%
Annual Div / Share
$0.32
5yr CAGR
+5.92%
Doubles every ~12.0yr
Payout Ratio
6.52%
At Risk
Dividend Growth Rate
3yr CAGR
+0%
5yr CAGR
+5.92%
10yr CAGR
+5.21%
Dividend Safety
5/10At Risk
Dividend History
Annual dividends paid per share
YearAnnual DivYoY
2025$0.32+0.0%
2024$0.32+0.0%
2023$0.32+0.0%
2022$0.32+0.0%
2021$0.32+33.3%
2020$0.24-40.0%
2019$0.40+33.3%
Income Projection
Invest
$
Growth rate:
Reinvest dividends
Today
$37/yr
$3/mo
In 5 yrs
$49/yr+33%
$4/mo
In 10 yrs
$65/yr+78%
$5/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$37/yr $3/mo | $49/yr+33% $4/mo | $65/yr+78% $5/mo |
Yield-on-cost grows from 3.68% → 6.55% over 10yr
Analysis
Dividend Strengths
Strong dividend growth rate
The 5-year CAGR of 5.92% meaningfully outpaces inflation, compounding real income growth for long-term holders.
Risks to Watch
Dividend exceeds free cash flow
Free cash flow covers only -0.95× the dividend. The company is paying out more than it generates in cash, which is unsustainable without borrowing or asset sales.