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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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4.3%-1.6pp
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Schneider NationalSNDR
2.8%-0.5pp
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WabtecWAB
16%0.0pp
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Verra MobilityVRRM
23.8%
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Heartland ExpressHTLD
-6%-14.0pp

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
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

Calculated from Wabash National’s reported figures.

Based on trailing twelve months.

The official record: Wabash National’s 10-Q, filed October 30, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

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.