Feed / WNC

Wabash National Corporation

WNC

Industrials · 12.69 -2.4% today

Isolated · not yet confirmedMarket checked 11 Sept, 14:05 GMT-4

Market read

Wabash National Corporation's current read is isolated; its market group is not confirming.

No new filing conclusion is available. 0 of 12 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 5 directly disclosed connections are confirming.

Company-2.4% todayVolume comparison unavailable
Market group0 of 12 activeIndustrial Equipment & Services · unavailable
Disclosed network0 of 5 confirmingNo filing-linked name is confirming now
What would change this read
  • WNC's market-adjusted activity becomes unusual and at least one connected name confirms.

Invalidation: The isolated read changes if WNC's group or a disclosed connection begins moving with it.

Watch this read

Research brief

The story so far

Industrials · Farm & Heavy Construction Machinery

No new filing conclusion is available. 0 of 12 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 5 directly disclosed connections are confirming.

Evidence that supports

No thresholded supportive filing evidence is available yet.

Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • WNC's market-adjusted activity becomes unusual and at least one connected name confirms.

Company research

Understand the business, not just the ticker

As of Sep 11, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods9
Price observations319
Usable filing statements58
Verified relationships5
Evidence supporting the case
  • Operating margin changed +38.2 percentage points in the latest annual period.
  • Net margin changed +28.3 percentage points in the latest annual period.
  • Demand and volume has repeated favorable evidence across 3 filings.
Evidence challenging the case
  • Latest annual revenue changed -20.8% year over year.
  • Operating cash flow was only 0.06x net income in the latest annual period.
Questions before a position

No credible peer-relative valuation comparison is available yet.

Longer-term price context

Price as of Sep 10, 2026

12.61
6m+24.2%12m+9.9%24m
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2021-12-31$1.8B+21.7%$0.02-2.5%
2022-12-31$2.5B+38.8%$2.25-3.3%
2023-12-31$2.5B+1.4%$4.81-3.7%
2024-12-31$1.9B-23.3%$-6.40-7.6%
2025-12-31$1.5B-20.8%$5.07-5.9%

What management says matters

Persistent and emerging business drivers

Demand and volumemixed · 3 filings
However, we believe that our strategic plan and actions taken over the last several years have positioned us to remain well-suited to adapt to changes in the industry and demand environment due to our strong balance sheet, liquidity profile, and diversificati…
10-Q · May 1, 2026
Input and raw-material costsnegative · 2 filings
The decrease in inventory for the 2025 period was primarily attributable to lower raw material inventory and lower production and shipments in compared to the 2024 period.
10-Q · Oct 30, 2025
Legal and regulatory exposuremixed · 1 filings
The overall increase in general and administrative expenses as a percentage of net sales was primarily attributable to the reduction of punitive damages awarded in a lawsuit, Eileen Williams, Elizabeth Perkins, et al.
10-Q · May 1, 2026
Pricing and mixmixed · 1 filings
This was partially offset by decreased fixed cost spending and net price favorability driven primarily by higher pricing across all product lines.
10-Q · Jul 25, 2025

Valuation discipline

Peer-relative valuation withheld

Jodie found no industry-matched filing peers suitable for a valuation comparison. It will not substitute broader financial-sector names.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

12.69-2.4% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 14:05 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for WNC. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Filing analysis

No comparable filing assessment is available yet

Jodie has not yet found a suitable current-versus-prior filing comparison for WNC. This does not mean the latest filing was neutral or immaterial.

Business ecosystem

The relationships behind WNC

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depends on

FFord Motor CompanysupplierFeb 18, 2026

Historically, General Motors Company (“GM”), Freightliner Custom Chassis (“Freightliner”), International Truck (“International”), and Ford Motor Company (“Ford”) have been the primary chassis suppliers.

GMGeneral Motors CompanysupplierFeb 18, 2026

Historically, General Motors Company (“GM”), Freightliner Custom Chassis (“Freightliner”), International Truck (“International”), and Ford Motor Company (“Ford”) have been the primary chassis suppliers.

Depended on by

WERNWerner Enterprises, Inc.supplierFeb 26, 2026

Most of our company-owned trailers were manufactured by Wabash National Corporation and Great Dane.

Filing peers

No filing peers are available for this name yet.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks 2 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

WNC is currently a Early Follower in the organic co-movement group Industrial Equipment & Services. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.

This group is retained as the last observed read for WNC; it is not active in the latest market snapshot.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.