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Wabash National WNC Work in process

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Other financials

Income statement

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Revenue$303.2M-20.4%
Gross profit-$10.6M-156%
Operating income-$52.4M-117%
Net income-$45.2M-120%
EPS (diluted)-$1.11-121%

Balance sheet

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Cash & equivalents$43.4M-46.4%
Total debt$531.0M+17.1%
Total equity$320.6M-20.6%
Total assets$1.2B-13.1%

Cash flow

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Operating cash flow-$33.7M-12,272%
CapEx$3.4M-60.6%
Free cash flow-$37.1M-313%

Valuation

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Market cap$567M+32.6%
Enterprise value$1.05B+31.8%
P/S0.4×+0.2×

Profitability

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Gross margin2.8%-8.7pp
Operating margin22.4%+16.2pp
Net margin-4.4%+0.6pp
FCF margin-2.8%-6.8pp

Returns & leverage

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Return on equity-17.9%+4.2pp
Debt / equity1.7×+0.5×
Current ratio1.3×-0.3×

Where this comes from

Reported directly by Wabash National in its filing.

Tagged under the XBRL concept us-gaap:InventoryWorkInProcessNetOfReserves.

The official record: Wabash National’s 10-Q, filed May 1, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Wabash National's work in process?
Wabash National (WNC) reported work in process of $10.28M in Q1 2026.
How has Wabash National's work in process changed year-over-year?
Wabash National's work in process decreased by 14.3% year-over-year, from $11.99M to $10.28M.
What is the long-term trend for Wabash National's work in process?
Over 5 years (2020 to 2025), Wabash National's work in process has grown at a -6.2% compound annual growth rate (CAGR), from $11.59M to $8.43M.
What does work in process mean?
Partially completed goods currently in the manufacturing process, including materials, labor, and overhead costs incurred to date.