balance equationreview2026-09-30
Difference 1792000 exceeds tolerance 1234398.000. Presentation or filing-vintage differences need review.
Revenue
$1.52B
Fiscal year ended 2026-09-30Operating income
-$157.62M
Fiscal year ended 2026-09-30Free cash flow
-$136.70M
Fiscal year ended 2026-09-30Valuation, from the filing
| Public float | $427.55M | Market value of stock held by non-affiliates, as stated on the cover page for 2025-06-30 |
|---|---|---|
| Float per share | $10.57 | Float divided by shares outstanding in the same filing. A floor under the share price on that date, not the price itself. |
| Float / net income | 2.0× | A lower bound on the multiple, because affiliate holdings are excluded. |
| Float / revenue | 0.3× | A lower bound on the multiple, because affiliate holdings are excluded. |
| Float / equity | 1.2× | A lower bound on the multiple, because affiliate holdings are excluded. |
Every figure here is drawn from the 10-K cover page and the statements behind it, so each one traces to a filing. Public float counts only stock held by non-affiliates, which makes these floors rather than estimates: a high multiple is conclusive, a low one may mean cheap or may mean closely held. The float was measured on 2025-06-30, not today, and each multiple below it uses the figures for the fiscal year ending 2025-12-31 — the year that filing covered.
Valuation over time
2.0× earnings today, against a median of 8.3× across 8 years on record. Below its own history.
| Float measured | Public float | Float / net income | |
|---|---|---|---|
| 2025-06-30 | $427.55M | 2.0× | |
| 2023-06-30 | $1.20B | 5.2× | |
| 2022-06-30 | $653.06M | 5.8× | |
| 2021-06-30 | $798.39M | 685.9× | |
| 2019-06-28 | $881.07M | 9.8× | |
| 2018-06-29 | $1.09B | 15.7× | |
| 2017-06-30 | $1.27B | 11.4× | |
| 2016-06-30 | $801.33M | 6.7× |
Each float is paired with the fiscal year the filing that stated it covers. Only years where the company reported positive net income appear, because a multiple against a loss is not a multiple.
WABASH NATIONAL Corp (WNC) reported revenue of $1.52B and net income of -$138.69M for the fiscal year ended 2026-09-30. This page shows 1 annual period of income statement, balance sheet and cash flow figures normalized from WABASH NATIONAL Corp’s SEC filings, each linked to the filing it came from.
Income
| Metric | 2026-09-30 |
|---|---|
| Revenue | $1.52B |
| Cost of revenue | $1.50B |
| Gross profit | $13.43M |
| Operating income | -$157.62M |
| Net income | -$138.69M |
| Research & development | Unavailable |
| Weighted-average diluted shares | Unavailable |
| Pretax income | -$181.83M |
| Income tax expense | -$43.63M |
| Diluted EPS | $-3.41 |
| Selling, general & administrative | Unavailable |
| General & administrative | Unavailable |
| Selling & marketing | Unavailable |
Balance
| Metric | 2026-09-30 |
|---|---|
| Cash & equivalents | $69.29M |
| Total assets | $1.23B |
| Current assets | $503.02M |
| Total liabilities | $961.52M |
| Current liabilities | $365.45M |
| Total equity incl. NCI | $271.09M |
| Temporary (mezzanine) equity | Unavailable |
| Inventory | $195.33M |
| Accounts receivable | $198.61M |
| Goodwill | $213.34M |
| Long-term debt | $540.26M |
| Accounts payable | $246.18M |
Cash flow
| Metric | 2026-09-30 |
|---|---|
| Operating cash flow | -$123.25M |
| Capital expenditures | $13.45M |
| Investing cash flow | $3.08M |
| Financing cash flow | $97.79M |
| Net change in cash | -$22.38M |
| Stock-based compensation | $10.12M |
| Common dividends paid | $13.27M |
| Common share repurchases | Unavailable |
| Depreciation & amortization | $57.26M |
Derived
| Metric | 2026-09-30 |
|---|---|
| Free cash flow | -$136.70M |
| Gross margin | 0.9% |
| Operating margin | -10.4% |
| FCF margin | -9.0% |
| SBC / revenue | 0.7% |
| Current ratio | 1.38x |
| Revenue YoY growth | -7.3% |
| Net margin | -9.1% |
| R&D / revenue | Unavailable |
| CapEx / revenue | 0.9% |
| Long-term debt / equity | 1.99x |
| Effective tax rate | Unavailable |
Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open WNC in the interactive workspace to inspect any figure back to its filing.
Source filings
10-Q · Filed 2026-10-29View SEC filing
10-Q · Filed 2026-07-29View SEC filing
10-Q · Filed 2026-05-01View SEC filing
10-K · Filed 2026-02-18View SEC filing
10-Q · Filed 2025-10-30View SEC filing
10-Q · Filed 2025-07-25View SEC filing
Reconciliation checks needing review
1 period on this page do not reconcile under this site’s normalization. Read that as a limitation here before an observation about the company: the figures are the filer’s own, the filings linked above are authoritative, and a difference usually means the concepts this site selected do not match how this filer presents its statements. Nothing is adjusted to make a check pass.