WNCWABASH NATIONAL Corp
Truck Trailers
- Revenue
- $1.5B
- 21% YoY
- Operating margin
- 19.9%
- 209% YoY
- EBITDA
- $366M
- 222% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 1.3×
- $481M net debt
- AI in 10-K
- —
Red flags 2 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashFired6% of net incomeCash flow under 80% of net income
- Dilutive SBCClear1% of revenueOver 10% of revenue
- Payouts exceed cash flowFired118% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear17% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $1.8B | $2.5B | $2.5B | $1.9B | $1.5B | 21% |
| Operating income | $34M | $167M | $312M | −$356M | $308M | 186% |
| Net income | $1M | $112M | $231M | −$284M | $211M | 174% |
| Operating cash flow | −$7M | $124M | $320M | $117M | $12M | 90% |
| Capex | $49M | $57M | $98M | $72M | $25M | 66% |
| Stock-based comp | $7M | $10M | $12M | $11M | $11M | 1.5% |
| Dividends | $16M | $16M | $16M | $15M | $14M | 6.7% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $123K · 1
- Net
- −$123K
Pay vs performance
No pay-versus-performance disclosure yet.