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Wabash National WNC Operating margin

Operating margin at other companies

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Werner EnterprisesWERN
2%-0.9pp
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Aebi Schmidt HoldingAEBI
4.3%-1.6pp
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WabtecWAB
16.4%+0.2pp
Schneider National logo
Schneider NationalSNDR
2.8%-0.5pp
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Heartland ExpressHTLD
-2.3%-0.6pp
Custom Truck One Source logo
Custom Truck One SourceCTOS
7.3%+0.6pp

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
Net margin-5.5%-0.7pp
FCF margin-2.8%-6.8pp

Returns & leverage

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Return on equity-23%-0.5pp
Debt / equity1.9×+0.6×
Current ratio1.3×-0.4×

Where this comes from

Calculated from Wabash National’s reported figures.

Based on trailing twelve months.

The source filing: Wabash National’s 10-Q, filed October 30, 2025. Open the filing →

Filed
Oct 30, 2025
Fiscal quarter
Q3 FY2025
Calendar quarter
Q3 2025
Accession
0000879526-25-000063

FAQ

What is Wabash National's operating margin?
Wabash National (WNC) reported operating margin of 22.4% in Q3 2025.
How has Wabash National's operating margin changed year-over-year?
Wabash National's operating margin increased by 259.7% year-over-year, from -14% to 22.4%.
What is the long-term trend for Wabash National's operating margin?
Over 2 years (2022 to 2024), Wabash National's operating margin has grown at a 66.6% compound annual growth rate (CAGR), from 6.7% to -18.5%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.

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