WABASH NATIONAL Corp(WNC)Stock Analysis
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Rank #1,172 of 2,879 stocksTOP 50%
Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.
Revenue Growth
Profitability
Balance Sheet
Earnings Quality
Free Cash Flow
Institutional Flow
Revenue Scale
Dilution Risk
WNC Stock Analysis & AI Quality Score
AI stock analysis and institutional research for WABASH NATIONAL Corp (WNC), a Industrials sector company. 13F Pro's AI-powered ranking engine scores WNC at 55.3/100 on a 32-signal composite quality model, placing it at rank #1,172 of 2,879 stocks — the top half of the AI-ranked universe. WNC scores in the top quartile across balance sheet strength (96.0), profitability (82.5). Areas of concern include revenue growth (6.0) and free cash flow (36.2), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q1 2026), WABASH NATIONAL Corp reports quarterly revenue of $303.2M, net income of $-45.2M, free cash flow of $-37.1M. Top institutional holders of WNC by reported 13-F value include MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd., BlackRock,, FMR, based on the most recent SEC filings. WNC trades on the NYSE exchange and files with the SEC under CIK 879526. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate WNC daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for WABASH NATIONAL Corp directly from SEC EDGAR. WABASH NATIONAL Corp's 13F Pro composite quality score has ranged between 29 and 69 since 2021, currently 55.3 — an improving long-term trajectory across 28 quarterly and live scoring snapshots.
Revenue
Q1 2026
$303.2M
Net Income
Q1 2026
$-45.2M
Free Cash Flow
Q1 2026
$-37.1M
D/E Ratio
Q1 2026
1.56
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Revenue
-20.8% YoYNet Income
+174.4% YoYOperating Income
+186.4% YoYEPS (Diluted)
+179.2% YoYTotal Assets
-17.0% YoYTotal Debt
+11.3% YoYOp. Cash Flow
-90.1% YoY| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2020 | FY 2018 |
|---|---|---|---|---|---|---|
| Revenue | $1.54B -20.8% | $1.95B -23.3% | $2.54B +1.4% | $2.50B +68.8% | $1.48B -34.6% | $2.27B |
| Net Income | $211.5M +174.4% | $-284.1M -222.8% | $231.3M +106.0% | $112.3M +215.2% | $-97.4M -240.3% | $69.4M |
| Operating Income | $307.5M +186.4% | $-356.1M -214.2% | $311.9M +87.2% | $166.6M +294.7% | $-85.6M -177.1% | $111.0M |
| EPS (Diluted) | $5.07 +179.2% | $-6.40 -233.1% | $4.81 +113.8% | $2.25 +222.3% | $-1.84 -254.6% | $1.19 |
| Total Assets | $1.17B -17.0% | $1.41B +3.6% | $1.36B +13.2% | $1.20B +3.6% | $1.16B -11.0% | $1.30B |
| Total Debt | $445.0M +11.3% | $400.0M +0.0% | $400.0M +0.0% | $400.0M -11.9% | $453.8M -11.5% | $512.6M |
| Operating Cash Flow | $11.7M -90.1% | $117.3M -63.3% | $319.6M +157.6% | $124.1M -0.0% | $124.1M +10.4% | $112.5M |
AI Insight: WNC Financial Trends
WNC revenue declined 45% from $551M in Q2 2024 to $303M in Q1 2026 amid persistent operational volatility.
• Revenue fell from $551M in Q2 2024 to $303M in Q1 2026, declining in 6 of 8 quarters.
• Operating income swung wildly from $44M to -$433M to $315M across quarters, showing unstable profitability.
• Total debt increased from $400M in Q2 2024 to $500M in Q1 2026.
• Equity dropped from $550M in Q2 2024 to $321M in Q1 2026.
⚠ Operating cash flow turned negative in latest quarter at -$34M after positive $85M in Q3 2025.
⚠ Company posted five quarters of negative operating income in the eight-quarter period.
AI Insight: WNC Ratio Trends
WNC shows extreme margin volatility with operating margins swinging from 82.6% in Q1 2025 to -18.6% in Q4 2025 and -17.3% in Q1 2026.
• Operating margin collapsed from 15.1% in Q3 2025 to -18.6% in Q4 2025 and -17.3% in Q1 2026.
• ROE deteriorated sharply from 38.2% in Q3 2025 to -56.4% in Q1 2026.
• Debt-to-equity ratio increased from 1.01 in Q3 2025 to 1.56 in Q1 2026.
• ROIC turned deeply negative at -25.5% in Q1 2026 versus 27.3% in Q3 2025.
⚠ Extreme quarterly earnings volatility suggests potential operational or accounting irregularities requiring investigation.
⚠ Rising leverage amid negative profitability could strain financial flexibility if losses persist.
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Available Research
13F Pro tracks comprehensive data for WABASH NATIONAL Corp including:
Top Institutional Holders of WNC
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.
$31.2M3,623,979 shBlackRock, Inc.
$27.9M3,234,362 shFMR LLC
$20.1M2,334,215 shD. E. Shaw & Co., Inc.
$19.5M2,262,999 shVANGUARD CAPITAL MANAGEMENT LLC
$15.4M1,786,899 shDIMENSIONAL FUND ADVISORS LP
$14.3M1,657,953 shCHARLES SCHWAB INVESTMENT MANAGEMENT INC
$12.3M1,429,986 shGOLDMAN SACHS GROUP INC
$10.7M1,245,620 shAMERICAN CENTURY COMPANIES INC
$10.7M1,237,583 shAMERIPRISE FINANCIAL INC
$10.4M1,210,959 sh
| Fund | Value | Shares |
|---|---|---|
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $31.2M | 3,623,979 |
| BlackRock, Inc. | $27.9M | 3,234,362 |
| FMR LLC | $20.1M | 2,334,215 |
| D. E. Shaw & Co., Inc. | $19.5M | 2,262,999 |
| VANGUARD CAPITAL MANAGEMENT LLC | $15.4M | 1,786,899 |
| DIMENSIONAL FUND ADVISORS LP | $14.3M | 1,657,953 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $12.3M | 1,429,986 |
| GOLDMAN SACHS GROUP INC | $10.7M | 1,245,620 |
| AMERICAN CENTURY COMPANIES INC | $10.7M | 1,237,583 |
| AMERIPRISE FINANCIAL INC | $10.4M | 1,210,959 |
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Popular Research
Is WNC a good stock to buy?
13F Pro's AI-powered analysis of WABASH NATIONAL Corp (WNC) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Industrials sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for WNC are available on the WNC stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own WNC?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling WNC. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of WABASH NATIONAL Corp's investment landscape.