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Companies / Industrials / WABASH NATIONAL Corp
WNC

WABASH NATIONAL Corp

IndustrialsTransportation Equipment
Ticker WNCLAFAYETTE, INFiscal year ends DecemberBook value per share $7.16Diluted shares 40.8M

Wabash National Corporation (NYSE: WBX) operates as a leading provider of transportation, logistics, and infrastructure solutions, combining physical and digital technologies to optimize supply chains across first-to-final mile operations. The company designs, manufactures, and services a diverse range of products… From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$1.54B
−20.8% year over year
Last 12 mo $1.42B
19.93%
+38.2 percentage points
Last 12 mo -5.62%
$211.64M
+174.8% year over year
Last 12 mo $-77.80M
57.56%
+208 percentage points
Last 12 mo -26.66%
Cash & financing
$11.67M
−90.1% year over year
Last 12 mo $-0.74M
$-60.59M
−258.9% year over year
Last 12 mo $-42.91M
1.21
Was 2.10× a year earlier
Last 12 mo 1.75
41.7M
−5.9% year over year
Last 12 mo 40.8M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What WABASH NATIONAL Corp does

In the company’s own words

Wabash National Corporation (NYSE: WBX) operates as a leading provider of transportation, logistics, and infrastructure solutions, combining physical and digital technologies to optimize supply chains across first-to-final mile operations. The company designs, manufactures, and services a diverse range of products including dry freight and refrigerated trailers, platform trailers, tank trailers, truck bodies, structural composite panels, and specialty food-grade processing equipment. The company website is ir.onewabash.com.

Wabash operates through two reportable segments: Transportation Solutions and Parts & Services. The Transportation Solutions segment comprises design and manufacturing operations for transportation-related equipment, including van trailers featuring proprietary DuraPlate® composite panel technology, platform trailers, tank trailers, and truck-mounted bodies. The Parts & Services segment encompasses aftermarket parts and services, truck body upfitting solutions, the Wabash Parts LLC joint venture distribution platform, Linq Venture Holdings LLC digital marketplace initiatives, Trailers as a Service offerings, and engineered products including stainless-steel storage tanks and processing equipment for dairy, food, beverage, pharmaceutical, and chemical markets.

As of December 31, 2025, Wabash employed approximately 4,700 people across multiple manufacturing facilities and service locations throughout North America. The company maintains an extensive distribution network comprising 18 independent dealers with approximately 55 locations for van trailers, 32 dealers with approximately 70 locations for platform trailers, and 5 dealers with 14 locations for tank trailers. Additionally, the company operates more than 45 independent parts and service locations and serves more than 1,100 commercial partners for truck body distribution.

The company's customer base includes many of the nation's largest truckload carriers, leasing companies, private fleet operators, and package carriers. Major customers include J.B. Hunt Transport Inc., Werner Enterprises Inc., Schneider National Inc., and Penske Truck Leasing. The five largest customers collectively accounted for approximately 35 percent of aggregate net sales in 2025.

Wabash was founded in 1985 and has achieved diversification through strategic acquisitions, organic growth, and product innovation. The company maintains competitive advantages through long-term customer relationships, proprietary technology including DuraPlate® and EcoNex™ products, significant brand recognition, the Wabash Management System continuous improvement framework, and an extensive dealer and service network.

Company details
Sector
Industrials
Industry
Transportation Equipment
Headquarters
LAFAYETTE, IN
Fiscal year end
December
CIK
879526
SIC
3715

Financial performance, year by year

Fiscal 2013–2025 · USD
$-565.03M$280.84M$1.13B$1.97B$2.82B2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns WABASH NATIONAL Corp — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

183
funds hold it
0 of 35
superinvestors hold it
$197.24M
held by funds, at market
47.6%
of shares held by funds
1
bond issues held by funds

Largest fund holders · WABASH NATIONAL Corp’s weight in each

0.21%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.02%of fund net assets
Cambria Shareholder Yield ETF
SYLD · Cambria ETF Trust
0.90%of fund net assets
VANGUARD STRATEGIC EQUITY FUND
VSEQX · VANGUARD HORIZON FUNDS
0.07%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

WABASH NATIONAL Corp’s bonds, as funds hold them

Funds report holding 1 issues of WABASH NATIONAL Corp’s debt, $190.84M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 4.50%, maturing 2028 to 2028.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do WABASH NATIONAL Corp and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of WABASH NATIONAL Corp's earnings go — cash, debt, buybacks, reinvestment?”
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