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WABASH NATIONAL Corp (WNC) Stock Fundamental Analysis & AI Rating 2026

WNC NYSE Truck Trailers DE CIK: 0000879526
Updated This Month • Analysis: May 6, 2026 • SEC Data: 2026-03-31
Combined AI Rating
STRONG SELL
85% Confidence
N/A
STRONG SELL
85% Conf
Pending
Analysis scheduled

📊 WNC Key Takeaways

Revenue: $303.2M
Net Margin: -14.9%
Free Cash Flow: $-37.1M
Current Ratio: 1.33x
Debt/Equity: 1.56x
EPS: $-1.11
AI Rating: STRONG SELL with 85% confidence
WABASH NATIONAL Corp (WNC) receives a STRONG SELL rating with 85% confidence from our AI fundamental analysis based on SEC 10-K filings. With revenue of $303.2M, net profit margin of -14.9%, and return on equity (ROE) of -14.1%, WABASH NATIONAL Corp demonstrates mixed fundamentals in the Automotive sector. Below is our complete WNC stock analysis for 2026.

Is WABASH NATIONAL Corp (WNC) a Good Investment?

Claude

Wabash National is in acute financial distress with negative profitability across all metrics, negative operating cash flow, and inability to cover interest from operations. The company is burning cash despite maintaining reasonable equity, and 20.8% revenue decline signals severe operational or market challenges in a cyclical industry.

Why Buy WABASH NATIONAL Corp Stock? WNC Key Strengths

Claude
  • + Positive stockholders equity of $320.6M provides balance sheet cushion
  • + Current ratio of 1.33x maintains basic liquidity solvency
  • + Operates in essential truck trailer industry with potential cyclical recovery upside

WNC Stock Risks: WABASH NATIONAL Corp Investment Risks

Claude
  • ! Negative operating cash flow of -$33.7M indicates structural profitability collapse
  • ! Interest coverage ratio of -5.3x means company cannot service debt from operations; immediate refinancing risk
  • ! Revenue decline of 20.8% YoY with negative gross margin of -3.5% suggests fundamental business deterioration
  • ! Debt-to-equity ratio of 1.56x with only $43.4M cash reserves creates solvency pressure
  • ! Negative free cash flow of -$37.1M with negative FCF margin of -12.2% unsustainable without external funding

Key Metrics to Watch

Claude
  • * Operating cash flow inflection and path to positive FCF
  • * Gross margin recovery from -3.5% to positive territory
  • * Revenue stabilization and return to growth trajectory
  • * Interest coverage ratio improvement to positive levels
  • * Debt refinancing ability and covenant compliance status

WABASH NATIONAL Corp (WNC) Financial Metrics & Key Ratios

Revenue
$303.2M
Net Income
$-45.2M
EPS (Diluted)
$-1.11
Free Cash Flow
$-37.1M
Total Assets
$1.2B
Cash Position
$43.4M

💡 AI Analyst Insight

WABASH NATIONAL Corp presents a mixed fundamental picture. Review the detailed metrics above to form your own investment thesis.

WNC Profit Margin, ROE & Profitability Analysis

Gross Margin -3.5%
Operating Margin -17.3%
Net Margin -14.9%
ROE -14.1%
ROA -3.7%
FCF Margin -12.2%

WNC vs Automotive Sector: How WABASH NATIONAL Corp Compares

How WABASH NATIONAL Corp compares to Automotive sector averages

Net Margin
WNC -14.9%
vs
Sector Avg 6.0%
WNC Sector
ROE
WNC -14.1%
vs
Sector Avg 12.0%
WNC Sector
Current Ratio
WNC 1.3x
vs
Sector Avg 1.2x
WNC Sector
Debt/Equity
WNC 1.6x
vs
Sector Avg 1.0x
WNC Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is WABASH NATIONAL Corp Stock Overvalued? WNC Valuation Analysis 2026

Based on fundamental analysis, WABASH NATIONAL Corp shows some fundamental concerns relative to the Automotive sector in 2026.

Return on Equity
-14.1%
Sector avg: 12%
Net Profit Margin
-14.9%
Sector avg: 6%
Revenue Growth
N/A
Year-over-year
Debt/Equity
1.56x
Sector avg: 1x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

WABASH NATIONAL Corp Balance Sheet: WNC Debt, Cash & Liquidity

Current Ratio
1.33x
Quick Ratio
0.77x
Debt/Equity
1.56x
Debt/Assets
73.8%
Interest Coverage
-5.27x
Long-term Debt
$500.0M

WNC Revenue & Earnings Growth: 5-Year Financial Trend

WNC 5-year financial data: Year 2021: Revenue $2.3B, Net Income $14.8M, EPS $0.27. Year 2022: Revenue $2.5B, Net Income -$106.6M, EPS $-2.01. Year 2023: Revenue $2.5B, Net Income $3.2M, EPS $0.06. Year 2024: Revenue $2.5B, Net Income $12.1M, EPS $0.24. Year 2025: Revenue $2.5B, Net Income $51.2M, EPS $1.04.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: WABASH NATIONAL Corp's revenue has shown modest growth of 9% over the 5-year period. The most recent EPS of $1.04 reflects profitable operations.

WNC Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
-12.2%
Free cash flow / Revenue

WNC Quarterly Earnings & Performance

Quarterly financial performance data for WABASH NATIONAL Corp including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q1 2026 $303.2M -$45.2M $-1.11
Q3 2025 $381.6M -$9.6M $0.97
Q2 2025 $458.8M -$9.6M $-0.23
Q1 2025 $380.9M $18.2M $0.39
Q3 2024 $464.0M $18.2M $1.16
Q2 2024 $550.6M $18.2M $0.64
Q1 2024 $515.3M $18.2M $0.39
Q3 2023 $632.8M $12.1M $0.73

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

WABASH NATIONAL Corp Dividends, Buybacks & Capital Allocation

Operating Cash Flow
-$33.7M
Cash generated from operations
Capital Expenditures
$3.4M
Investment in assets
Dividends Paid
$3.5M
Returned to shareholders

WNC SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for WABASH NATIONAL Corp (CIK: 0000879526)

📋 Recent SEC Filings

Date Form Document Action
May 15, 2026 4 xslF345X06/form4.xml View →
May 15, 2026 4 xslF345X06/form4.xml View →
May 15, 2026 4 xslF345X06/form4.xml View →
May 15, 2026 4 xslF345X06/form4.xml View →
May 15, 2026 4 xslF345X06/form4.xml View →

Frequently Asked Questions about WNC

What is the AI rating for WNC?

WABASH NATIONAL Corp (WNC) has an AI rating of STRONG SELL with 85% confidence, based on fundamental analysis of SEC EDGAR filings.

What are WNC's key strengths?

Claude: Positive stockholders equity of $320.6M provides balance sheet cushion. Current ratio of 1.33x maintains basic liquidity solvency.

What are the risks of investing in WNC?

Claude: Negative operating cash flow of -$33.7M indicates structural profitability collapse. Interest coverage ratio of -5.3x means company cannot service debt from operations; immediate refinancing risk.

What is WNC's revenue and growth?

WABASH NATIONAL Corp reported revenue of $303.2M.

Does WNC pay dividends?

WABASH NATIONAL Corp pays dividends, with $3.5M distributed to shareholders in the trailing twelve months.

Where can I find WNC SEC filings?

Official SEC filings for WABASH NATIONAL Corp (CIK: 0000879526) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is WNC's EPS?

WABASH NATIONAL Corp has a diluted EPS of $-1.11.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.

Is WNC a good stock to buy right now?

Based on our AI fundamental analysis in May 2026, WABASH NATIONAL Corp has a STRONG SELL rating with 85% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.

Is WNC stock overvalued or undervalued?

Valuation metrics for WNC: ROE of -14.1% (sector avg: 12%), net margin of -14.9% (sector avg: 6%). Compare these metrics with sector averages to assess valuation.

Should I buy WNC stock in 2026?

Our dual AI analysis gives WABASH NATIONAL Corp a combined STRONG SELL rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.

What is WNC's free cash flow?

WABASH NATIONAL Corp's operating cash flow is $-33.7M, with capital expenditures of $3.4M. FCF margin is -12.2%.

How does WNC compare to other Automotive stocks?

Vs Automotive sector averages: Net margin -14.9% (avg: 6%), ROE -14.1% (avg: 12%), current ratio 1.33 (avg: 1.2).

Is WABASH NATIONAL Corp carrying too much debt?

WNC has a debt-to-equity ratio of 1.56x, which is above the Automotive sector average of 1x. However, the current ratio of 1.33 suggests adequate short-term liquidity.

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: May 6, 2026 | Data as of: 2026-03-31 | Powered by Claude AI