WABASH NATIONAL Corp
Company Stats
- Market Cap
- $502.3M
- as of Sep 30, 2026
- Enterprise Value
- $915.4M
- Shares Outstanding
- 40.7M
- Free Float
- 89.5%
Income Statement
- Revenue
- $1.5B
- Operating Income
- $307.5M
- Net Income
- $211.5M
- EBITDA
- $355.1M
- Non-cash Impairment
- $13.4M
- Revenue Growth, 3Y
- -14.9%
- FCF Margin, 3Y Avg
- 3.4%
- FCF Margin, Worst Year
- -0.8%
Cash Flow
- Free Cash Flow
- -$13.0M
- FCF Yield
- -2.6%
- Owner FCF Yield
- -4.9%
Balance Sheet
- Cash & Equivalents
- $31.9M
- Total Debt
- $445.0M
- Net Debt
- $413.1M
- Net Debt / EBITDA
- 1.16x
- EV / EBITDA
- 2.58x
- Net Debt / EBIT
- 1.34x
Returns & Capital
- Dividends Paid
- $13.8M
- Dividend Yield
- 2.7%
- Share Repurchases
- $33.8M
- Buyback Yield, 3Y Avg
- 12.0%
- SBC, 3Y Avg
- $11.5M
Cash Flow by Year
| Year | Revenue | FCF | Margin |
|---|---|---|---|
| FY2025 | $1.5B | -$13.0M | -0.8% |
| FY2024 | $1.9B | $45.1M | 2.3% |
| FY2023 | $2.5B | $221.5M | 8.7% |
| FY2022 | $2.5B | $67.0M | 2.7% |
| FY2021 | $1.8B | -$56.6M | -3.1% |
Annual filing data through FY ended December 31, 2025; shares and float as of October 24, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.
Freight and Logistics Cycle: Tighter Capacity, Uneven Demand
Stronger demand supports expansion as pricing diverges