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Wabash National WNC Debt-to-equity

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Other financials

Income statement

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Revenue$417.2M-9.1%
Gross profit$15.3M-63.0%
Operating income-$25.3M-432%
Net income-$22.9M-139%
EPS (diluted)-$0.56-143%

Balance sheet

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Cash & equivalents$71.5M+24.5%
Total debt$545.1M+15.8%
Total equity$292.5M-24.1%
Total assets$1.2B-10.0%

Cash flow

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Operating cash flow-$33.7M-12,272%
CapEx$2.1M-66.8%
Free cash flow-$37.1M-313%

Valuation

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Market cap$526.73M+32.0%
Enterprise value$1B+23.1%
P/S0.4×+0.1×

Profitability

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Gross margin1%-8.3pp
Operating margin22.4%+16.2pp
Net margin-5.5%-0.7pp
FCF margin-2.8%-6.8pp

Returns & leverage

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Return on equity-23%-0.5pp
Current ratio1.3×-0.4×

Where this comes from

Calculated from Wabash National’s reported figures.

Based on the most recent quarter.

The source filing: Wabash National’s 10-Q, filed July 29, 2026. Open the filing →

Filed
Jul 29, 2026, 2:42 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000879526-26-000089

FAQ

What is Wabash National's debt-to-equity?
Wabash National (WNC) reported debt-to-equity of 1.9× in Q2 2026.
How has Wabash National's debt-to-equity changed year-over-year?
Wabash National's debt-to-equity increased by 52.5% year-over-year, from 1.2× to 1.9×.
What is the long-term trend for Wabash National's debt-to-equity?
Over 5 years (2020 to 2025), Wabash National's debt-to-equity has grown at a 2.8% compound annual growth rate (CAGR), from 1.1× to 1.3×.
What does debt-to-equity mean?
Total debt (including capitalized leases and financing obligations) divided by shareholders' equity at the quarter end. Measures how much the company is financed by debt relative to equity.

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