A factual snapshot of Wabash National's revenue, profit, and market value, translated into plain English for general readers.
A Name Behind the Trailers You Pass on the Highway
Most drivers never think about who built the trailer rolling past them on the interstate. Wabash National Corp, headquartered in Lafayette, Indiana, is one of the companies that does. It designs and manufactures dry freight and refrigerated trailers, platform and tank trailers, truck bodies, structural composite panels, aerodynamic add-ons, and specialty food-grade processing equipment, organized under two segments: Transportation Solutions and Parts & Services.
How the Company Is Built
Wabash has been public since its November 1991 IPO and trades on the New York Stock Exchange under the ticker WNC. It employs approximately 4,700 people, a workforce sized to run a heavy-industrial manufacturing operation spanning trailer production and aftermarket parts and service.
What the Business Generates
In fiscal year 2025, Wabash reported revenue of $1.5 billion. That figure represents a 14% decline from FY2021, a meaningful pullback that reflects the cyclical nature of trailer demand, which tends to rise and fall with freight volumes and fleet replacement cycles across the trucking industry.
Profit Despite the Pullback
Despite the revenue decline, Wabash finished FY2025 profitable, posting net income of $211.5 million. That translates to a net margin of 13.7%, meaning the company kept roughly 13.7 cents of every revenue dollar as bottom-line profit after all expenses, taxes, and costs were accounted for.
A Notable Margin Gap
One detail worth flagging for context: Wabash's gross margin, a narrower measure of profitability before many operating costs are subtracted, is reported at 4.5%, lower than its 13.7% net margin. That gap simply reflects how gross and net margins are calculated differently and draw on different lines of the income statement.
Balance Sheet Size
Wabash holds total assets of $1.2 billion, a figure that reflects the manufacturing plants, equipment, inventory, and other resources the company uses to build and service its trailer and truck body lines.
What the Market Says It's Worth
Wabash's market capitalization stands at $298.5 million, with shares recently trading at $13.44 on a 15-minute delayed basis. The stock is currently trading 4% below its 52-week high, meaning it has stayed relatively close to its strongest recent price point rather than falling sharply from it.
Valuation in Plain Terms
The company's price-to-earnings, or P/E, ratio sits at 2.7. That ratio compares the stock's market price to its per-share earnings, giving investors a quick read on how the market is pricing the company's profits relative to its share price.
Income for Shareholders
Wabash also pays a dividend, yielding about 2.38% annually. A dividend yield reflects the annual dividend payment as a percentage of the current share price, giving shareholders a sense of the cash return they receive simply for holding the stock.
Putting the Numbers Together
Taken as a whole, the picture is a mid-sized industrial manufacturer that generated $1.5 billion in revenue and turned a solid profit in FY2025, even as sales cooled from four years earlier. It carries a market value well below its annual revenue figure and pays shareholders a modest dividend along the way.
A Note on This Report
This article is factual reporting drawn from public filings and market data, not investment advice.
