What is Wabash National's net debt?

Wabash National (WNC) reported net debt of $487.54M in Q1 2026.

How has Wabash National's net debt changed year-over-year?

Wabash National's net debt increased by 30.9% year-over-year, from $372.34M to $487.54M.

What is the long-term trend for Wabash National's net debt?

Over 5 years (2020 to 2025), Wabash National's net debt has grown at a 13.1% compound annual growth rate (CAGR), from $241.76M to $447.43M.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

Wabash National WNC Net debt

Discontinued — last reported Q1 '26

Net debt at other companies

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1.1×-0.3×

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6×+1.6×

UnifirstUNF

-0.2×-0.1×

HES

Hess MidstreamHESM

3.1×-0.1×

Helen Of TroyHELE

4.8×+2.6×

CorMedixCRMD

-0.9×—

Other financials

Income statement

See full

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

See full

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

See full

Operating cash flow-$33.7M-12,272%

CapEx$3.4M-60.6%

Free cash flow-$37.1M-313%

Valuation

See full

Market cap$567M+32.6%

Enterprise value$1.05B+31.8%

P/S0.4×+0.2×

Profitability

See full

Gross margin2.8%-8.7pp

Operating margin22.4%+16.2pp

Net margin-4.4%+0.6pp

FCF margin-2.8%-6.8pp

Returns & leverage

See full

Return on equity-17.9%+4.2pp

Debt / equity1.7×+0.5×

Current ratio1.3×-0.3×

Where this comes from

Calculated from Wabash National’s reported figures.

$531.0Mtotal debt−$43.4Mcash and equivalents=$487.54M

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 net debt?: Wabash National (WNC) reported net debt of $487.54M in Q1 2026.
How has Wabash National's net debt changed year-over-year?: Wabash National's net debt increased by 30.9% year-over-year, from $372.34M to $487.54M.
What is the long-term trend for Wabash National's net debt?: Over 5 years (2020 to 2025), Wabash National's net debt has grown at a 13.1% compound annual growth rate (CAGR), from $241.76M to $447.43M.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.